I still have a lot of questions. As near as I can tell, GM...who went bankrupt, doesn't want to spend their own money on charging stations, so has partnered with a funding company to sell stock to investors to build charging stations that apparently have no way of producing income, so that they can sell more cars. It really sounds to me like they want someone else to go bankrupt this time instead of themselves. How is this a good long term investment? It sounds more like building a huge apartment building that you can't afford and so the first three or four owners declare bankruptcy, until the price gets down low enough to manage to give someone a profit....except that they aren't charging anyone anything, so where's the profit?
On a side note, everyone keeps saying that the 40 million the ceo is paying himself is restricted, but I seem to miss that wording in the 8k, I'm willing to be persuaded on this point, if you can point it out to me, I seem to be blind to it.
I hope that those of you who are trading this do well, but not at the expense of those who are trying to invest long term, and they are the ones who always seem to lose out on these deals.
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