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semi_infinite

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semi_infinite

Re: DewDiligence post# 22846

Wednesday, 09/16/2020 10:16:29 AM

Wednesday, September 16, 2020 10:16:29 AM

Post# of 29293
GM - more details on NKLA dealings from Bloomberg. Retired insider at GM spearheaded the SPAC has been talking with GM since February. Girsky has zero technical background. Started as analyst for auto makers and auto parts makers.

https://www.bloomberg.com/news/articles/2020-09-16/ex-gm-exec-moonlights-as-matchmaker-in-deal-with-startup-nikola

Confirms my opinion.

"GM moved ahead after concluding there was no financial downside to a deal. The carmaker gets licensing fees for its technology and for building the Badger -- and reimbursement for any up-front costs. The free equity in Nikola is an added sweetener that the automaker hopes won’t turn sour."
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