I've been a proponent of Canoo, but after seeing the Proxy filing on 11/21, I'm kind of skeptical of this "YA II PN, LTD" (Yorktown). I'm sensing a lot of dilution coming, and I'm sensing a share price of less than $1. Some of these proposal, 2,3 & 4 to be exact are iffy to me and I'll be voting "no". I hope the people behind the scenes aren't crooks and fraudsters...there's a lot of those nowadays.
Raise the authorized share count? Give Yorktown more shares? Let Yorktown buy shares for fifty cents?
Do your own DD, but I would wait until the price is out of *manipulation territory* before buying and/or adding. JMO
.*anything less than $10
I've seen this go from $4.5 to $1.02 in 4 months for no reason. Recently seen this go from $1.16 to $1.66 back down to $1.02 in the last week, and you have to ask yourself what's really going on. In wake of the crypto crisis, if regulators are lacking there, how much more do you think they care are small companies...and people behind the scenes know this...they know they can get away with unfair, immoral practices.
Just a little rant. Appears to be a good company with promise, but who are the players behind the CEO?
And when there are a lot of retail investors involved, institutional investors are like leaches. Rubbing their hands together and licking their lips. LOL
Retail investors do you own DD, but always remember that big money is always out to take small money. (big bank takes little bank)
Doubt there was ever a moment when institutions said, "let's help out these retail investors", nope, it's been "let's figure out a way to drop the price, scare retailers, make them sell, do a fake rebound, repeat cycle."
