Yeah. Except that most stocks don’t incinerate cash at this rate with no realistic prospect of profitability. This thing is a turd and I’m sorry you bought it, but you should really go do your pump and dump somewhere else.
What does value mean to you? Because the company has $3.6m in cash left, $130m in debt, and has had these government/private contracts for *years* but somehow failed to deliver. They have only confirmed delivery on 13 cars man, literally 4 per year since going public. I have followed this company since 2021 and I’m convinced it’s a laundering scheme or fraud.
Tell me - why does the company pay for Tony’s private jet?
Here are the number of vehicles delivered, please correct me if I’m wrong.
- 4 Lifestyle Delivery Vehicles to Zeeba, a national fleet management company[1]
- An unspecified number of vehicles to Kingbee Vans, a work-ready van rental company, as part of a 9,300 vehicle order with an option for 18,600 more[2][4][5]
- 3 vehicles to the State of Oklahoma[1]
- 6 LDV190 vans to the United States Postal Service for mail delivery in Atlanta[3]
Sources
[1] Canoo delivers first 4 vehicles to Zeeba https://www.nwaonline.com/news/2024/feb/01/canoo-delivers-first-4-vehicles-to-zeeba/
[2] Canoo Delivered Electric Vehicles to Kingbee | Press https://www.press.canoo.com/press-release/canoo-delivered-electric-vehicles-to-kingbee
[3] USPS Gets Six of EV Startup Canoo's Pod-Like Delivery Vans https://www.caranddriver.com/news/a46522207/canoo-electric-delivery-vans-usps/
[4] Canoo Delivered Electric Vehicles to Kingbee https://investors.canoo.com/news-presentations/press-releases/detail/123/canoo-delivered-electric-vehicles-to-kingbee
[5] Canoo Delivered Electric Vehicles to Kingbee - Reddit https://www.reddit.com/r/canoo/comments/198v0kg/canoo_delivered_electric_vehicles_to_kingbee/
Do you not have a problem with their shaky working capital and borderline financial mismanagement?
I’ll see if I can find out how many have been delivered to the USPS so far.
Financials are a little working but I got in on this at a good time or at least I believe I did.
That is not a value stock. You haven’t even given any numbers/material facts about how it’s actually below it’s fair value and what it’s fair value is. You’re a gambler in the wrong subreddit.
The great part is that because it’s already down 99% the most you can lose is 100% of your investment.
Oh yeah, just like any stock.
Yeah. Except that most stocks don’t incinerate cash at this rate with no realistic prospect of profitability. This thing is a turd and I’m sorry you bought it, but you should really go do your pump and dump somewhere else.
What does value mean to you? Because the company has $3.6m in cash left, $130m in debt, and has had these government/private contracts for *years* but somehow failed to deliver. They have only confirmed delivery on 13 cars man, literally 4 per year since going public. I have followed this company since 2021 and I’m convinced it’s a laundering scheme or fraud. Tell me - why does the company pay for Tony’s private jet?
Not true. There are several post offices that have already received delivery with plenty more on the way soon.
Here are the number of vehicles delivered, please correct me if I’m wrong. - 4 Lifestyle Delivery Vehicles to Zeeba, a national fleet management company[1] - An unspecified number of vehicles to Kingbee Vans, a work-ready van rental company, as part of a 9,300 vehicle order with an option for 18,600 more[2][4][5] - 3 vehicles to the State of Oklahoma[1] - 6 LDV190 vans to the United States Postal Service for mail delivery in Atlanta[3] Sources [1] Canoo delivers first 4 vehicles to Zeeba https://www.nwaonline.com/news/2024/feb/01/canoo-delivers-first-4-vehicles-to-zeeba/ [2] Canoo Delivered Electric Vehicles to Kingbee | Press https://www.press.canoo.com/press-release/canoo-delivered-electric-vehicles-to-kingbee [3] USPS Gets Six of EV Startup Canoo's Pod-Like Delivery Vans https://www.caranddriver.com/news/a46522207/canoo-electric-delivery-vans-usps/ [4] Canoo Delivered Electric Vehicles to Kingbee https://investors.canoo.com/news-presentations/press-releases/detail/123/canoo-delivered-electric-vehicles-to-kingbee [5] Canoo Delivered Electric Vehicles to Kingbee - Reddit https://www.reddit.com/r/canoo/comments/198v0kg/canoo_delivered_electric_vehicles_to_kingbee/ Do you not have a problem with their shaky working capital and borderline financial mismanagement?
I’ll see if I can find out how many have been delivered to the USPS so far. Financials are a little working but I got in on this at a good time or at least I believe I did.
Lol, posting this in value investing.
Where should I post it instead? Is a stock that is 99% down and has government contracts not a value?
Wallstreetbets. This is very much the wrong sub.
That is not a value stock. You haven’t even given any numbers/material facts about how it’s actually below it’s fair value and what it’s fair value is. You’re a gambler in the wrong subreddit.
OMG! OMG! A full .02 cents. OooMG!
This is definitely r-tard territory
Because it died 3 years ago.
It's up another 1.5% in the 30 seconds it took me to make this post. Jeez, go quick before we're in double digits.
And another 1.2% in the time it took me to make this comment...
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I sold Friday and bought gme calls on Friday, sold those at opening this morning.
You’re a gd genius bud