Nikola Corporation (NKLA)

[tdtcal]

Hmmm, fuzzy math. Please note the timing of the steps Nikola proposes.

Also, I stated Nikola proposes a 1 billion A/S: but that would be after a proposed reverse split.

So:

The Nikola float is currently 1.24B. (Out of 1.6B current)

A 10/1 RS brings the float to 124M.

Now Nikola proposes increasing the A/S to 1B (while saying they are “reducing” it). This occurs after the R/S - again after.

Then, after the R/S and the purportedly “reduced” 1B A/S, subtract 100M+ shares for Nikola officer compensation.

The dilution begins as the “new” A/S (in addition to the 124M plus 100+M) are sold to fund Nikola’s business as they will need to for until the hydrogen market grows and it reaches necessary production volumes.

A 40/1 R/S effectively ultimately would increase Nikola officer’s share value x4.