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Re: Magnum7419 post# 25978

Monday, 08/29/2022 8:30:34 PM

Monday, August 29, 2022 8:30:34 PM

Post# of 73000
Maybe so but by the time they have enough money to produce any EV’s they WILL have to go thru a reverse split 500 to 1 and drain current shareholders . It’s like the stock going from $.62 now to under one penny. Selling shares to get to a billion dollars is needed for a start up. Just look at Tesla how much money they spent for production . And Amazon did a few reverse splits before wiping out early shareholders. The same thing will happen here with current shareholders will be wiped out . IMO

“Amazon has undergone four stock splits since the company was founded on July 5, 1994. While the company split its stock in 2:1 and 3:1 ratios previously, the latest 20:1 split is quite a leap. It took ten years for Amazon stock to really rally after the last split in 1999.Jun 15, 2022”
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