Replies to post #10830 on Nikola Corporation (NKLA)

[Donotunderstand]

they did not reduce authorized count

that count will be in "new shares" - as I read it

So 1B is say 2B if its 1:2 RS

I do not believe they reduced the authorized number (as how can the 1B be in current shares when there already are 1.33B shares outstanding)

I will vote no ---- for sure no on first round as we do not need a RS now and maybe with a solid Q2 in sales we will not need it

Dumb to announce now --- but maybe as Fiduciary for shareholders the company has to announce all potential plans

[chocolate man]

I agree with you, they are not doing it because they are afraid of not being in compliance. Once the dust settles and people start to think rationally the price will start to climb again. I think we shed some traders that were caught off guard and week share holders.