Jun. 18 at 10:03 AM
$BAC $LCID $BAC $LCID
Your words are sloppy.
First I dont have excuses. I’m not making excuses. I do have an explanation of why the stock is where it’s at, why it’s channeling, why it’s not responding well to exemplary news.
That explanation is that driving the share price down since IPO provided every advantage for the PIF to buy out the company. They got paid their interest on their preferred shares regardless and every new deal they made as price dropped allowed larger percentage of ownership do to devestated share price. They gained the company - retail lost everything.
They almost certainly shorted it.
It’s not a conspiracy. It’s looking at the math.
Net result, PIF owns the company,
$BAC is paying off its 35 million shares,
$UBER is a major investor.
And what did the PIF pay for one of the finest luxury car companies in the world that will be the tip of the spear for
$UBER.
12b
A fucking pittance. Lucid’s battery and motor tech alone is worth that
