Savvy Trades and Investments

[worthylion]

ELMS Knowledge--Looks like a complete wild card at this point. Pushed back initial production so need more equity which I'm afraid will be structured to burn existing shareholders. I think anyone investing now is taking both high execution risk and dilution risk. They could execute and create value but their disclosure is now all about risks and downside with no optimism for the future. Feels like a real longshot at this point. I think it's also a bad sign that they first signed the CEO to a consulting agreement and then cancelled it. Makes me wonder whether he just lied to the Board about the status of the NHTSA certification because now they're saying they still need to make modifications so the truck is "safe". In the fall the CEO predicted certification last December. Seems to me the CEO was making fraudulent claims about when the truck would go into production. Now I feel naive for buying his story. Haven't lost this much money on a stock since 2008.