Jun. 8 at 7:50 PM
$NVVE In early March, they announced a commercial partnership with Omnia. Then, in mid-March, CFO received a raise. In April, warrant holders agreed to lose rights in the event of a fundamental trade. Then came the price dump, and the number of float doubled, as if the holders had rushed to exercise their warrants before losing them. Then, in May, the holders agreed to have their number of warrants halved and to lose their additional rights. Then, the warrants holders agreed to a standstill period until July 27th. Then, the omnia’s commercial agreement announced in Q1, is transformed into potential financing of up to
$120 millions at
$1.25/share, and a change of control. Q1 was postponed due to the complexity of the deal. If, right after the RS, we end up with an ultra-shorted fleet of 900,000, and then there's an announcement of RM, and a massive cash injection at
$1.25 per share, this thing will go into the stratosphere and go down in history as a piece of garbage sent into orbit.
