Life Electric Vehicles Holdings Inc (LFEV)

[Potse]

CTON...extremely disappointing RM terms......

The situation here looks potentially more interesting now than when I first started buying shares. As the overhead supply of shares continues to dry up, I think CTON has a realistic chance of some explosive upside.

Things definitely took a turn for the worse today with the announcement of the proposed terms of the Life Electric Vehicles acquisition. It looks like the legacy retail shareholders will only retain around .0045% of the post-RM company, which is significantly less than what I would have expected to see. The post-RM share structure will be at least 400% higher than what I was anticipating. Very disappointing.

This pretty much destroys much of the value proposition that CTON held as a shell. Unless the operational numbers (revenue, etc) for Life Electric Vehicles are extremely high, upside for the stock will now most likely rely more on the low float nature of the situation. It would be much easier for momentum types of catalysts to develop and sustain moves in the stock if that post-RM structure was lower.

Second Street Capital, Inc. (OTC Pink:CTON) announced today that it is presently negotiating a transaction whereby the company will acquire 100% of the capital stock of Life Electric Vehicles, Inc. of Deerfield Beach, FL in exchange for the issuance of approximately 450,000,000 shares of Common Stock of the Company. The proposed acquisition is anticipated to be completed before December 31, 2021

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