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"all decisions now in hands of 9 People - lifetime appointments."
More like 6. The future of the USA in the hands of 6 unelected crooks in robes.
Not sure, there has been not update on that subject.
That is welcome but expected news for the most part.
Meanwhile, I have continued to add a few more shares and reduced my average to $1.09.
Just wish had had doubled my position to hold 1/2 for a possible bigger run. I had enough dead money that I should have put to life by dumping some dogs. Nuclear will be huge in the coming years, hydrogen production, data center power, vertical farm energy, desalination, the list is a mile long for the future energy needs of the world. I'm happy to take some profit but will be pining for an entry point. Keep up the great work on the sharp eye! Your crystal ball is on fire!
Nice call!!
I wish you would have posted last Friday, I sold my position yesterday morning. Back in March I bought 2000 shares @ $2.85 and sold this week @ $9.98.
If I had a larger position, I would not have sold off the entire lot, not kicking myself for taking profits but hope I can find an entry point if this cools off. I know the Feds will make a call in 4-6 months on who will be awarded some of the $900M that will be allocated to SMR projects. Crossing my fingers for dip in the next few weeks.
Best regards.
Thanks UK!
Anyone seeing this when trying to set up a trade. Are we restricted for a time period from trading NKLA?
Error
(009833) The symbol you entered is not a security that is traded by Fidelity. Please verify the symbol and re-enter your order.
LOL! It was a little sarcasm since they announced chapter 11 and not 7 where they will eventually be.
https://www.google.com/search?q=FISKER&rlz=1C1UEAD_enUS1041US1041&sourceid=chrome&ie=UTF-8
https://www.fiskerinc.com/
Danish EV maker, hitting a bump.
Does that mean my order for 2500 @ $0.14 will not fill?😪
This looks like its headed to .0001 and with that I am out. Good luck to those still in this, but the lack of revenue and management's talk of an RS have left me doubtful for any real path to profitability.
Ancillary profit just waiting to happen.
I suppose the "no more than 20% revenue" limits are placed by grocery/convenient store/gas station/restaurant industries lobbyist's.
This makes sense as there are many snack options in any liquor store I have been in.
No SHWZ investor should be happy about the recent class action settlement to allegations, of wage theft, in a tip stealing scheme by some rogue SHWZ store manager(s). The recent resignation (sacking) of their CEO Nirup Krishnamurthy may have been a result of not just sagging sales, but his ineffectuality in making sure fair and legal employment practices filtered all the way down to the dispensary level.
https://theclassactionblog.com/preliminary-approval-of-settlement-in-cannabis-dispensary-employee-class-action-lawsuit/
With Cannabis as an emerging market, there is a higher incidence of class action litigation by employees as well as litigation in general. Some of the largest MSOs in the industry have been impacted by the very same issues. I have faith the new CEO, Mr. Forrest Hoffmaster will help the company pivot from this unfortunate practice.
https://www.cannabisbusinessexecutive.com/2021/07/class-actions-increasingly-targeting-cannabis-companies/
https://mjbizdaily.com/key-hearing-begins-in-600-million-lawsuit-against-marijuana-mso-acreage/
https://mjbizdaily.com/marijuana-mso-curaleaf-faces-class-action-claim-over-mislabeled-drops/
https://mjbizdaily.com/class-action-lawsuits-on-rise-against-public-cannabis-companies/
https://mjbizdaily.com/how-marijuana-companies-can-avoid-class-action-lawsuits/
https://www.miaminewtimes.com/news/floridas-trulieve-sued-by-ex-employee-over-race-discrimination-claims-18911240
https://news.bloomberglaw.com/daily-labor-report/curaleaf-cannabis-sued-by-dispensary-employee-for-stealing-tips
https://www.classaction.org/news/lawsuit-claims-cresco-labs-cannabis-workers-owed-wages-for-time-spent-putting-on-removing-safety-equipment
https://www.benzinga.com/markets/cannabis/22/09/29061820/green-thumb-industries-must-respond-to-justice-after-being-accused-of-age-and-sex-discrimination
https://chicago.suntimes.com/cannabis/2021/3/8/22320364/verano-harvest-nature-wellness-frontier-nicholas-nielsen-weed-rico-pot-cannabis
100% Correct.
https://greaterindiana.com/hydrogen-hub-2/
100% on not a good time to buy.
1 - 10 RS would leave 160,000,000; I can live with that.
1 -30 RS would leave 53,333,333, which in my opinion would be a callous indifference to the retail investor. That would be a bail out moment in my book. The shares I own would be reduced to a laughable amount and be devalued for longer that I would care to hold.
Most RS scenarios that I have been exposed to were not profitable and triggered a downward spiral that was to strong to recover from. IF this was an OTC stock with 1B+ shares, I would have kept walking with no temptation to buy. NKLA, being on NASDQ, and having so much institutional support, coupled with the rise of the alternative fuels/green energy sector, gave me some comfort to invest. I do hate the way NKLA brass rolled out this sneaky arse romp.
Heavy dilution apparently is in the future for NKLA. Really not happy with how this was rolled out. I'll be observing, and wondering how low this goes.
The smart money disagrees and like all new and burgeoning industries, it will need some time.
https://ohiorivervalleyinstitute.org/regardless-of-what-they-say-green-hydrogen-will-be-cleaner-cheaper-and-its-around-the-corner/#:~:text=Multiple%20analysts%20including%20Rethink%20Energy,between%20%244.00%20and%20%246.00%2Fkg.
My comments are based on the understanding that the NKLA AS is 1,600,000,000.
I get the reasoning behind the proposal to R/S, got to stay on NASDQ.
I am not sure if how the R/S will be presented in the proxy vote, I would prefer 1-for-5, which would leave the AS at approximately 360,000,000, which seems reasonable. Even if after they add 130,000,000 we still have 490,000,000 which is tolerable, as long as there is not continued dilution after adding the other 130M shares.
To me 1-for-30 would be egregious and I would be pissed to loose so much value in my share count. I'd be more pissed if more shares are printed after adding 130M.
Nikola seeks to reverse split its shares in a ratio between 1-for-10 and 1-for-30. Does anyone think we are giving options for the R/S? 1-for-30 would give me much pause for continued faith in investing in NKLA.
Trevor Milton has no shame which is indicative behavior of a sociopath. He is pushing the boundaries of libel, it would be great to see him sued for defamation. EGO on parade.
These political efforts to thwart the lab cultured protean industry may pose some downward pressure on this burgeoning market in the short term. Long term, if this process proves safe and viable, consumers will gravitate to these products due to price point. Global warming will continue to have a withering effect on ranch/farm raised protein suppliers as weather related disasters & water scarcity intensifies, and traditional protein products costs will skyrocket.
https://www.wired.com/story/cultivated-meat-florida-ban/
UK, thanks for the detailed explanation. Glad to know they are sensitive about the SP and are conscious about not wanting the whole lot dump into the float.
Much appreciated.
One of HTOO's financiers is selling their shares through Fusion Fuel Green. HTOO looks like they will put these shares on the open market, not sure if this is gradual issue or total dump into outstanding share.
SELLING SHAREHOLDERS
The Class A Ordinary Shares being offered by the selling shareholders are those issuable to the selling shareholders upon conversion of the Placement Notes and exercise of the Placement Warrants. For additional information regarding the issuance of the Placement Notes and the Placement Warrants, see “Private Placement of Notes and Warrants” above. We are registering the Class A Ordinary Shares in order to permit the selling shareholders to offer the shares for resale from time to time. Except for the ownership of the Placement Notes and the Placement Warrants issued pursuant to the Securities Subscription Agreement, the selling shareholders have not had any material relationship with us within the past three years.
The table below lists the selling shareholders and other information regarding the beneficial ownership (as determined under Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder) of the ordinary shares held by each of the selling shareholders. The second column lists the number of Class A Ordinary Shares beneficially owned by the selling shareholders, based on their respective ownership of Class A Ordinary Shares, Placement Notes and Placement Warrants, as of March 21, 2024, assuming the sale of the first tranche of Placement Notes and Placement Warrants and the subsequent conversion of the Placement Notes (at an estimated $1.60 per share) and exercise of the Placement Warrants (at an estimated $2.0436 per share) held by each such selling shareholder on that date without taking account of any limitations on conversion and exercise set forth therein. The number of shares that will actually be issued may be more or less than the number of shares being offered by this prospectus depending on the price of our securities.
The third column lists the Class A Ordinary Shares being offered by this prospectus by the selling shareholders and does not take in account any limitations on (i) conversion of the Placement Notes set forth therein or (ii) exercise of the Placement Warrants set forth therein.
Under the terms of the Placement Notes and the Placement Warrants, a selling shareholder may not convert the Placement Notes or exercise the Placement Warrants to the extent (but only to the extent) such selling shareholder or any of its affiliates would beneficially own a number of ordinary shares which would exceed 9.99% of the outstanding shares of the Company. The number of shares in the second column does not reflect these limitations. The selling shareholders may sell all, some or none of their shares in this offering. See “Plan of Distribution.”
Name of Selling Shareholder Number of Class A Ordinary Shares Owned Prior to Offering Maximum Number of Class A Ordinary Shares to be Sold Pursuant to this Prospectus Number of Class A Ordinary Shares of Owned After Offering
Belike Nominees PTY Limited
887,979 887,979 0
https://finance.yahoo.com/news/fusion-fuel-green-announces-strategic-110000931.html
https://www.bloomberg.com/profile/company/0364328D:AU
Q4 and Full Year 2023 Conference Call.
I just looked at the chart and see what you mean, that's some slide from 2021 and RXMD had considerable value since 2018. If i doesn't get back to where it was, I hope it gets to where it needs to be for you and the rest. Best regards.
I agree, and hope its not an insider but that would at least give us some indications as to what we could expect the SP direction will be for at least the next quarter.
You may be right, hopefully. It still is moving green AH. It would be interesting to know if it was insider, private or institutional that was unloading today.
3.3600
+0.0200
(+0.5988%)
After hours: 4:21 PM EDT
0.6058
+0.0058
(+0.9667%)
After hours trades so far.
I found this NKLA statistical share detail on Yahoo Finance today, however, I am not sure how up to date their information is. Getting NKLA back to a US $Buck could mean an RS in the future if the slide continues. The % institutional holders in this company still gives me pause in giving up on this ticker just yet. But I am always uneasy investing in a company with 1B + shares.
Share Statistics
Avg Vol (3 month) 98.67M
Avg Vol (10 day) 80.63M
Shares Outstanding 1.34B
Implied Shares Outstanding 1.34B
Float 1.24B
% Held by Insiders 7.46%
% Held by Institutions 33.54%
Shares Short (2/29/2024) 216.73M
Short Ratio (2/29/2024) 2.48
Short % of Float (2/29/2024) 16.78%
Short % of Shares Outstanding (2/29/2024) 16.23%
Shares Short (prior month 1/31/2024) 217.46M
Mr.MIke241, this is a bit off topic on this board, but I do not have IH Premium, thanks for the PM, your insight was helpful.
Best regards.
We have not been lower since January 18, 2024 when NKLA was $0.6218 and this ticker has been on the downslide since Feb. 27, 2024 @ $0.7664. Other than possible dilution, what additional factors could be dragging this down?
Nuclear power will be part of a diversified power supply grid, along with traditional turbine generators as well as wind and solar. The only way to quickly phase from fossil fuel and meet increased demand for energy.
https://www.nytimes.com/interactive/2024/03/13/climate/electric-power-climate-change.html