Nikola Corp (fka NKLAQ)

[Donotunderstand]

They only way it catches back up is if significant events cause the smaller ownership to be worth $5 again.

copy and pasted --- the above --- is right 90% of the time with a split - like a reverse split - no argument

It is less the case (the decline you argue must happen) - we can debate how much less ---

when added cash - here say 400M or ? comes with the dilution

IMO - right or wrong - there is a huge difference between market action with a split (higher priced stock but NO new capital) and new shares which dilute but come with big $