Electrameccanica Vehicles Corp (SOLO)

[dcvancity]

This stock is unbelievable.

Even me, who was already extremely sceptical about management integrity, is blown away today.

Not by the dilution and offering, everyone who has followed the stock for a while had to know that was coming. They are burning cash and with only limited deliveries now scheduled for 2019, they will need more and more.

No the shocker for me is who the lead on the round was.

The same investment bank that just last week issued "research" with a $6 target, is the same investment bank now leading the round at $3.60

They dont even try and disguise what looks like a pump and dump.

The day before the research is issued, the stock runs up on whispers and large volume. Then the news comes out and everyone in the know cashes in on the hysteria.

A week later the fools that rushed in get slaughtered. I wouldnt be surprised if their were people in the know shorting the stock when it took its run last week.