Nikola Corporation (NKLA)

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Smiley - The more I think about it a cashless call makes no sense for them. It does nothing for them. Raises no cash. Just dilutes with lets just say 7 million shares as an estimate. They'd keep the warrants outstanding rather than call cashless. It's not like they dilute earnings. They don't have earnings.
I can do the math that shows a cash call raises money at a good price vs a secondary and cashless call. Too lazy now.

Bottom line - Cashless makes no sense, should not happen, and is very unlikely.
Cash call is a possibility.
DKNG just call for cash btw.

Your thoughts?