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https://interactiveswingtrading.com/2019/08/01/market-movers-august-2nd/
Market Movers, Aug.2nd
Aphria/GGB Ownership Map + Financial Highlights
https://interactiveswingtrading.com/2019/06/09/aphria-ownership-map/
We did a report on this stock. It will help you understand why it crashed yesterday. https://interactiveswingtrading.com/2019/07/12/wkhsworkhorse-and-lordstown-is-never-going-to-happen/
Debt to EBITDA cannot go over a certain limit.
"the maximum total leverage ratio (ratio of total debt borrowed by the Company and its subsidiaries to EBITDA), providing that the maximum total leverage ratio shall not exceed 4.50:1.00 on the last day of the quarter ending December 31, 2019, rather than beginning with the quarter ending September 30, 2019, which total leverage ratio is adjusted for subsequent quarters as set forth in the Credit Agreement"
Debt cannot be more than 4.5x EBITDA
Meaning new financing unlikely for awhile
https://www.secinfo.com/d151E3.y7xf.htm?Find=ebitda&Line=1919#Line1919
Learn more about why this valuation is outrageous here https://interactiveswingtrading.com/2019/07/12/wkhsworkhorse-and-lordstown-is-never-going-to-happen/
Market Movers, August 1st
https://interactiveswingtrading.com/2019/08/01/market-movers-august-1st/
Market Movers, August 1st
https://interactiveswingtrading.com/2019/08/01/market-movers-august-1st/
Reporting my post?
everybody, you should look closer at this company. It is way over valued and they issue more shares than they sell marijuana
https://interactiveswingtrading.com/2019/07/04/aurora-cannabis-visualized/
Tesla essentially invented the electric car. They took a tremendous risk; a first entry into one of the biggest markets in the world. NIO is a fully developed Chinese electric car company that manufactures thousands of vehicles per year. That comparison is a joke
Yeah I underestimated this..Results are results.
Cheers fella's. Congrats on your $$$
400 Million Market Cap
13 Million In Assets, 30 Million In Debt.
Loss Making Business
700k in sales last year -- not income, sales
10,038,460 in sales in the prior year, 41,216,788 in losses
So even when they were actually selling stuff, they were doing so at a massive loss
This is literally Idiocracy
SERIOUSLY!! Watch Idiocracy...I'm not joking...Watch it. I'm 100% being serious right now. It's identical
https://interactiveswingtrading.com/2019/07/31/market-movers-july-31/
Market Movers, July.31
https://interactiveswingtrading.com/2019/07/31/market-movers-july-31/
Market Movers, July.31
thumbs up...lol..
Are you talking about this video lol (im laughing my ass off right now)
..................
https://www.news5cleveland.com/news/state/vp-pence-answers-question-about-whats-being-in-lordstown-we-are-encouraged-about-the-progress
He didn't say they were moving to Lordstown, he said he heard that Workhorse secured financing. Company now valued at $375 000 000.
13 million in assets
30 million in debt........................wtf
It the editing that takes the most time eh....
Unreal. Thanks. It's done in real time during the premarket. Appreciate the heads up
Market Movers, July.30th
https://interactiveswingtrading.com/2019/07/30/market-movers-july-30th/
Market Movers, July.30th
https://interactiveswingtrading.com/2019/07/30/market-movers-july-30th/
Insulin Company VLRX Announces Strange CBD “Patch” Test Results .
Due Diligence
https://interactiveswingtrading.com/2019/07/10/vlrx-another-oppenheimer-pump-similar-to-otlk/
Canopy Due Diligence
Relationship Visualizer. Incredible tool
https://interactiveswingtrading.com/2019/06/10/canopy-growth-2018-acquisitions/
Correction there is about 1 million shares outstanding. That S-3 was approved
21 million divided by 30. Trust me I looked
https://interactiveswingtrading.com/2019/07/29/market-movers-july-29th/
It is 700k
Yep. 700 000 shares available, but it used to be a penny stock
SINT Due Diligence Plus Monday Market Movers. CHEERS!
https://interactiveswingtrading.com/2019/07/29/market-movers-july-29th/
you keep citing company developments. All companies have potential business catalysts. It's the price you are paying....A mercedes is a good car right? Would you pay 10 million for one though? I hope not
Going by 2017, they are trading 30x sales, not profit (for which they didn't have) but sales...If I remember correctly, they had 11 million in revenue that year. The company currently has a valuation of 300 million; more than 1/4 of a billion dollars, and they don't own any of their assets because it's all debt
Look, don't get me wrong, the company has an interesting idea, but this valuation is completely outrageous. This isn't a buy and hold kind of stock, this is gambling
The union has nothing to do with this company because they aren't buying the Lordstown complex, and if they were, it would change nothing about company's current situation, but in fact make things worse. They are so far up to their pants in debt, with almost no sales last year. 700k -- a joke.
400x 2018 sales folks. This isn't Tilray, it's WKHS
They sure are fighting to keep it at 4...unreal
Spent a lot of time researching the company
Oh you want to use multiples now. WKHS is trading 400x sales -- not earnings (for which they don't have) -- sales. 400 times........All assets lent on debt. Stock holders deficit. THE ONLY REASON THIS STOCK WENT UP WAS BECAUSE OF TRUMP.
WOULD YOU GAMBLE WITH YOU LIFE SAVINGS????? THIS IS NOT A GOOD COMPANY. IT'S NOT A BUY AND HOLD KIND OF STOCK.
10 equalS almost 1 billion in market cap. Outrageous. DO NOT LISTEN TO THAT PEOPLE.
When they took those warrants the price was above 1.62, and looked like it was headed higher. Why wouldn't they? They get them for free. Usually the exercise price is much higher than the current market value on the secondary markets. Getting warrants priced at the current market value exercisible IMMEDIATELY is a rip off for the company, and shows how desperate they are
Start up? ITS BEEN 10 YEARS
When I said they had no money, I meant relative to their deficit and operating costs. Yes, they have money, but it's all debt
use this website, then in the search bar type "usps". secinfo.com
"Workhorse, with our partner VT Hackney, **is one of five** awardees that the United States Postal Service (“USPS”) selected to build prototype vehicles for the USPS Next Generation Delivery Vehicle (“NGDV”) project. ***Presently, there are only four awardees still pursuing the NGDV project***".
The USPS has stated that the number of vehicles to be replaced in the project is approximately 180,000. In September 2017, Workhorse delivered six vehicles for prototype testing under the NGDV Acquisition Program in compliance with the terms set forth in their USPS prototype contract. The vehicles have completed the required testing protocol as specified by the USPS.
"On June 4, 2014, the Company entered into a Vehicle Purchase Agreement with United Parcel Service Inc. (“UPS”) which outlined the relationship by which the Company would sell vehicles to UPS. To date, we have received six separate orders totaling up to 1,405 vehicles from UPS. The sixth and most recent order is from Q1 2018"
Okay, so they are 1 of 4 selected. Statistically, this gives them a 25% chance of success, but, they have no money, and no means to supply that many vehicles. Also, if this news was so great, why did nobody care about this **POS** until Trump pumped it on twitter. Why did one of their biggest shareholders sell.
And that is what this thing is, a Piece Of ***** Shit. Look at their balance sheet....They even say they can't offer financing, and face massive competition from companies with 100's of years of combined experience. Who do you think is going to pay for this royal excursion, if it does somehow happen? Not them. It will be mom and pop -- it will be you. Dilution, dilution, Dilution.