The uplist is only good if Nio can obtain financing. So far it has accomplished nothing except it took away 90% of the shares of retail shareholders who were in the stock pre-split. Investing in speculative companies is always a risk. I do think though we had expected more from management based on past results.Still cannot figure out how Mark got hoodwinked.
Even Walter is saying we are now a lotto pick :( But hey you 94% kept voting these jerk offs in year after year. Now the other 6% have to suffer from your F up mistakes. Thanks 94% we couldn’t have done it without you :(
I hope mark is proud of what he has destroyed. Silver lining, part time worker CEO mark Smith is in the $600,000+ salary club. This F head makes more than a brain surgeon…not bad for a guy who has shit for brains. Think about this 94% moron club our part time joke of a CEO makes more then a brain surgeon…let that sink in when you idiots vote to keep this F head annd his loser crew around next year.
The average Neurosurgeon salary in the United States is $672,901 as of January 26, 2024, but the range typically falls between $506,601 and $851,401.
The "banking crisis" in March '23 contributed little if anything to the high redemption rate. This merger was pure desperation. Scooter83 called the redemption rate exactly before any regional bank went under, post 90692 dated 2/18/23. This article highlights the state of the SPAC market at the time the merger was announced in late September '22 and shows why scooter's prediction wasn't much of a leap.
Average redemptions for completed SPACs ticked in at over 83% in November, below October’s all-time high of 95%, though still at a ridiculous level that signals investors have no interest in owning the deSPAC’d company.
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