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The $2 day was an anomaly with 1 or two trades at that level for 2 or 3 shares. Think it was around the reverse split. Was funny as I was a millionaire for a day lol! Otherwise I do think it’s an investment stock. I have sold some on the last run but my current holdings are up about 250-300% and I’ve been here 4 years. I think we have beaten the S&P 500 in that period so I assume this is a good investment!
Reply from Rossi
This was an overflow offering from the closed REG-A.
They had subscribed, but we asked them to back out because it brought us "over-subscribed". Instead of increasing the offering (for free trading shares) we were able to negotiate more capital for unregistered, restricted shares.
So since they had subscribed, we would have had to increase the offering. They would have bought 15M free trading shares. Instead, we were able to increase the investment but they get restricted, unregistered shares. A big win-win, in our opinion.
Rossi told me it was because Waypoint were asking 120k a year to keep them on aboard.
Join us on the worksport discord https://t.co/XAUTSEYtQ9 live Q&A with me.
— Steven Rossi (@StevenRossiWKSP) February 17, 2021
Indeed. I watched this up and down for 3 years. I think it has a good future and fortunately I have been able to buy at the low level. Is what it is. Understand that everyone needs to make money and if I could do it that way I’m sure I would. This board however really does bring out the worst in people in my opinion.
Mmm. Lots of over reactions here I see. I’m not sure people understand the company’s true value yet. I have plenty of time for this to play out.
Ultimately the share price will get to where it needs to be if Rossi does his job.
Ok, now your really reaching lol.
It’s more likely than the others.
We know the share structure. We know the O/s is going to increase due to the offering. We also know that Q4/ Q1he stopped production for retooling and that Q2 was the Covid Q. Remember he was getting everything lined up and ready for when he changed the company name to Worksport.
Rolling my eyes lol.
Rolling my eyes lol
We must realize that the emerging companies we are partners with are also likely to receive buyout offers as well so by default we may end up working with the big boys anyway. Just a thought!
Oh dear. Chill. We are in a good company. If he acted on every shareholders request he would not be able to accomplish anything. Let him do his job and he will make you rich
We gave to remember that a lot of people invest in hype and actually know nothing about the company what so ever. Let’s be honest there are people here who make comments who haven’t read a thing or even watched the CC. This is a fantastic company.
As I said earlier. It wasn’t Tesla so it went down!! What is everyone expecting. If they listen they will know it won’t be anyone big. He wants to be the big player and in control if his own destiny.
Good grief. What is with everybody. Why are people even invested in this if you don’t trust the OTC. You got to be patient on this one.
I believe it’s over 3 years
I don’t think people realize that the Atlis deal will probably be better than the first deal. Anyway this action today is not unexpected. As soon as he didn’t say Tesla then everyone was disappointed lol.
Some nice work however he appeared to scoff at the idea of 100m in revenues in the video. He was thinking 500-600m. The Atlis deal could be be more valuable than we think. Let’s see how this plays out.
Welcome.
Trust this
Confirmed
— Steven Rossi (@StevenRossiWKSP) September 21, 2020
I wonder how much he expects to generate from Atlis? No projections on this one yet.
You can ask him I guess.
I shouldn’t say for sure to be honest but based on what he said I’m pretty sure it will not be them. They don’t sound at all like the type of company he would associate his brand with.
It isn’t
Confirmed
— Steven Rossi (@StevenRossiWKSP) September 21, 2020
I asked him, hopefully he will clarify.
Atlis was not the company with the $70m partnership. From what I heard this is the company he has yet to announce. Atlis is his second partnership. Correct me if I’m wrong
250k in 2mins... wonder what that’s about
250k in 2mins... wonder what that’s about
All I’m thinking is why have a CC when a deal is imminent but not done. Makes no sense. It just seems ridiculous to me considering the circumstances. I honestly expect an announcement prior to the call. I think it’s not a very good move otherwise.
Agree. I’m hoping to hear how he builds on other uses for TerraVis and his future plans. All very exciting imo.
I’m not sure why a CC without news of the new deal as he will be inundated with questions on this and future deals. Maybe we hear something prior???
He needs capital. It’s been known all along he needs to raise some capital to move forward and he is in the process of doing this. This is no secret and would have been known to anyone way before the current push. I think a number of people just jump in without the due diligence. This will be doing just great moving forward. He thinks he can hit 9 figure revs within 5 years! Even with an OS of 100m that would prob make this a $5-$10 I would gave thoughts. It’s all about execution of the plan. Let’s sit back and let him do his job. You will make your money.
It’s a place holder. It won’t be 40 million shares. I’m thinking half of that and less if the price increases.
He is not one of those kind of guys. He tells it as it is.
I’m thinking a more expansive deal leading to further development. The initial 70m deal is set however he is negotiating more future options. Maybe the company he is working with are more than just truck manufacturers.
I know he was looking beyond truck covers in his recent interview. This could be massive and it’s still only the first deal.