Maybe NKLA will be an “all the way down” stock… due to the cunning financing behavior leading to 22x dilution!!!!
Those sneaky fux in the SEC filings state that “concurrently “with the 30:1 RS, 1.0 billion new shares are authorized for print at their printing press!!!! they made it sound like it went down from 1.6 billion…. that’s a lie. It went up close to 19 or 20 times!!!!! that’s 22 times (1.0B/45M shares outstanding) the shares outstanding they get to sell at will, to lure in and rip-off new employees, and create expensive debt which is convertible to new dilutive common shares, and thes debt holders and preferred shareholders, etc. … they all get paid back ( they will all be paid back handsomely) by diluting common/ at the expense of the common stock which possibly is going to zero, it is all at the expense of common shares Go figure!!!! go take a look at some of the history of stock charts with their loftyanalysts estimates and there ever receding stock price…see that’s how it works, that’s why they call it a scam stock…. that’s why these emerging growth companies never make it. Let’s see how great the Management is in order for this company not to go bankrupt….
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