Took them long enough.Electric truck maker Nikola receives delisting notice
Nikola Corp said on Thursday Nasdaq gave the electric truck maker a delisting notice for not meeting its minimum bid price requirements.www.reuters.com
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Took them long enough.Electric truck maker Nikola receives delisting notice
Nikola Corp said on Thursday Nasdaq gave the electric truck maker a delisting notice for not meeting its minimum bid price requirements.www.reuters.com
It always takes a while. The thing I’m always amazed at is why the Board of these companies doesn’t do a reverse share split before they get the delisting notice? I think NKLA has enough market cap to stay listed, it is only the share price which is causing the delisting notice. Easy to fix, so why not so it before they are forced to and get huge bad publicity about it?Took them long enough.
Especially since they have the annual shareholder vote going on right now. (They likely need the shareholders to vote to approve it, right?)It always takes a while. The thing I’m always amazed at is why the Board of these companies doesn’t do a reverse share split before they get the delisting notice? I think NKLA has enough market cap to stay listed, it is only the share price which is causing the delisting notice. Easy to fix, so why not so it before they are forced to and get huge bad publicity about it?
No worry, they have until November 20th to get the stock price up...
Especially since they have the annual shareholder vote going on right now. (They likely need the shareholders to vote to approve it, right?)
But it isn't like we thought this was a well run company.
TSLAQ speculated against TSLA, and the lies flowed downward from there. They were not trying to be rational, they were trying to make a dollar and it did not matter to them how they did it.You meant TSLAQ wasn't rational?
Trevor Milton not leaving Nikola alone:
View attachment 947273
Fire burns multiple electric trucks at Nikola headquarters in Phoenix
The fire ignited near the intersection of 40th Street and Broadway Road.
Nikola truck fire: Fire department says ‘no evidence at all that supports arson’
Vote fails
Nikola truck fire: Fire department says 'no evidence at all that supports arson'
The Phoenix Fire Department has released its report on the Nikola truck fire that happened at the company’s headquarters last...electrek.co
Nikola will soon find out whether its shareholders have approved its plan to sell more stock
EV truck maker Nikola is looking to raise more cash through by selling additional stock.www.cnbc.com
IIRC they bought company that makes battery packs because you know they are vertically and horizontally integrated and welds in those packs were defectiveWould this be the end of this farce* ?
*(For tiktokers "a comic dramatic work using buffoonery and horseplay and typically including crude characterization and ludicrously improbable situations"
When the company they supply batteries to doesn’t build anything that can happen.Nikola's new battery supplier files for bankruptcy: Electric Vehicle Tech Manufacturer Proterra Files for Bankruptcy
That doesn't seem good...