GM didn't buy anything. GM got a stake and will build something if something existed to be build. From $NKLA's perspective and that of it's original SPAC investors, it created value by pumping the stock so they could dump at a high price and leave you bagholders with a pile of shite.

A real example of a corporation buying into a fraud and not doing their due diligence is Walgreens investment/contract in/with Theranos.

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Posted by Texas Tea 123

Member since Sep 2017

218 posts

Posted on 9/11/20 at 3:20 pm to cwill

^^^ times 1,000

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Posted by Pendulum

Member since Jan 2009

7073 posts

Posted on 9/12/20 at 12:55 am to cwill

Yea, this guy Milton reeks of crook.

Today he comes out with this crazy video talking about how pissed he is and angry, and just can't believe this short story. Hes so fired up, dont worry he's got clear and defined rebuttals to everything they claim, but I CANT say anything....you guys get it right? Lawyers.

Regardless of whether any of that is absolutely true or not, he just delivers stuff like such a slimeball.

I rode from 20s to 75 and got the fk out and never looked back. Kind of laugh whenever I hear him talking again.

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Posted by Jag_Warrior

Virginia

Member since May 2015

4184 posts

Posted on 9/12/20 at 2:17 pm to cwill

quote:
GM didn't buy anything. GM got a stake...

You are correct, sir. No money or GM stock is changing hands.

quote:
The deal gives GM an approximate 11% stake in Nikola. Interestingly, GM didn't pay cash or stock in this deal. Instead, the company has pledged to provide support in the manufacturing and development of Nikola's products.

Would have sold a jade lizard, but I'd have to come in too close on the short call strike to make it worthwhile. This crazy thing could break either way... even in a week's time. But at 17.5, I'm willing to suck up the risk. The Robinhooders should support/bounce it if it falls that far that fast.

Or... I could be wrong.