Powered by the majestic girth of Taboshi. Fluffy Financial Mischief Officer. I don’t pull rugs, I puke on them. Buy my coin or don’t, I don’t care. F U. Meow
@SaudiBay I was just pointing out that it would be difficult to find large investors that are willing to be diluted within 6-9 months besides Uber who have an interest cause PIF is not going to give up their majority shareholding at this price level now after losing over $10BN on LUCID.
@SaudiBay Not many conglomerates will be lining up to buy this because of fhe high annual burn rate and legal headache and nightmare of restructuring. $2.32BN + the $4BN++ that they burn annually until they eventually ramp up and breakeven. Apple wouldn’t take this company for free
@saleemoa@FinJourney Do they work and produce on weekends?
Weekends = 52 x 2 =104
29 days resolving recall problems
104 + 29 = 133
365 - 133 =232
232 x 100=23,200
That’s my prediction for the year
@PIF_en why are you continuously diluting $LCID @LucidMotors and destroying shareholder value for retail investors?
Take the company private and manage it however you want…what an embarrassment to keep robbing retail investors. @ntwork@FinJourney@AfonsoEV_@SaudiBay
Lucid Sapphire is insane - it has the most complicated motor / chassis control logic yet feels incredibly pure
Here’s @DrewPeterson159 showing how easy it is to make this car do *anything* you want it to
@mayhemproto@ntwork What?? Any business diluting and reverse stock splitting should care about their stock price. It’s not like $LCID are swimming in money and sales to fund their operations. It’s easier to raise $3bn by issuing more shares when market cap is $30bn than when the market cap is $4bn.
@PIF_en If your plan is to dilute shareholders and burn them to raise working capital for $LCID, wouldn’t it at least be better to do that when the share price is higher…don’t you have any experts that can advise you on how to combat the shorts keeping the price and market cap this low?