I just want to see the 20 vans. At least just the 20. If they miss that I will assume the doom.
If they get the 20 and that “perfects the method” which they said the reduction was for, I’ll be happy. Then they’ll hopefully be in a good place to start smashing out vans with a proven working model of the micro factory model and everything around it.
Recently averaged down a little too. Probably won’t again but still have high hopes!
I agree, just bought some at 1.03 and averaged my share price down, although still in the red.
I think I’ll be holding what i have until I see some good news from Arrival.
Not sure why there’ve posted another Bus video, I thought Arrival had paused Bus production and concentrating on making 20 vans?.. or is that only in the US?
One of the interesting things about the Wall Street Journal’s * [HEARD ON THE STREET] column is that when it talks about stocks it lays out why they pick the stock or not (and usually the details come from a well established/well known analyst). Don’t go out and put money or not put money because of it … but use it as contemplative material. Recently it had a piece on $ARVL:
But the market for EVs isn’t in much doubt these days.
And the Wall Street Journal is in agreement with at least a few of the comments above:
The real question for startup manufacturers is whether they can make them at a competitive cost within a time frame that capital markets find acceptable.
Thank you @bitflip amd @Optimisery for the links. Interesting stuff indeed. Glass half full or glass half empty. I really hope this company works out. It’s a little bit UK, it’s green and the production methodology is unique. Bus looks quite cool too. I’m tempted to buy a few more shares but don’t want to give it the (final) kiss of death!
$1 May be seen as symbolic or arbitrary however it has real significance. NASDAQ rules stipulate that any company that trades below $1 for 30 consecutive days will be delisted. In truth, the process takes a while and the company can put together a plan that return to ‘compliance’ but it’s not a great situation.
Must have to be rocket scientist to under stand that article so in Lehman terms what does a forced reverse split actually do?
Does it mean it’s splits into 2 or 3 like Tesla recently
A reverse split reduces the number of shares, with the price increasing proportionally.
As an example if you had 20 shares at $0.75 and the company did a 1-4 reverse split, you would end up with 5 shares but would expect them to be $3.00 each