There is a sober assessment in the Times. Much of the article will not be news to the learned readers of this thread including these words
questions about Arrival’s funding and ability to get to production levels of 10,000 a year at its factory in Bicester, Oxfordshire, and at a facility for the US market in North Carolina, have led to a collapse in its share price.
to remind us that the news is not just general market conditions that have pummeled the share price. It is as @NeilB said a few posts above.
The other thing that caught my eye is
The company has arrangements in place whereby it can issue up to $300 million of new shares into the market to raise capital.
I don’t think that would be pleasant for the shareholders though …
Sitting at all time low is painful, but this video released on the arrival YouTube channel 2 hrs ago eased the burden somewhat:
I appreciate it is a video of the first assembly hence humans monitoring the process very closely, but I actually think fair play to them for releasing this footage.
No doubt bears and manipulators will jump all over this being fake etc… on stocktwits/ Reddit… and also knowing Arrival this proof that things are moving forwards will probably hit the share price even harder…
But regardless, seeing that chassis move on the wemos at the end was great!
It makes my head hurt seeing the price take hit after hit after this has come out. Especially when the likes of Nikola, who have previously been charged for manipulating the market, are happily sitting with a much higher value.
The Nikola thing, I really don’t get! It’s like backing a known offender over that of an innovative company without a criminal record… Saying that, the markets are rarely ethical. Anyways, here’s hoping to good news from Dubai!
It’s painful to see my return on ARVL down almost 95% and being a week way from getting notified by the NASDAQ of being below the minimum bid price list requirement.
I am holding since I don’t have much more to lose, but tbh my expectations are low. I am usually quite optimistic, but the reality is that odds are against ARVL.
They have the hardest part ahead of them and they only have roughly 5Q of cash and whatever they can get from now on, which in the current environment, might not be much.
It’s not obvious, there are plenty of options for the company to explore. They will also have to be trading below $1 for a period of time before getting a notice from NASDAQ.
The shares won’t disappear, you own them, you might have difficulty accessing them if they move to a listing Freetrade don’t support but OTC is an option.
The key word missing from their posts is “initiate” the process of delisting. It doesnt mean its game over at all. Have a look at the amount of firms that are still trading under a $1 consecutively for months.
considering the current economic macro trend, there is a high chance NASDAQ will freeze rules:
Copied from investopedia:
The rules are generally considered to be written in stone, they can be overlooked for a short period of time if the exchange deems it necessary. For example, on Sept. 27, 2001, Nasdaq announced that it was implementing a three-month moratorium on price and market value listing requirements as a result of the market turbulence created by the Sept. 11, 2001, terrorist attacks in New York City.8
For many of the stocks trading under $1, the freeze expired on Jan. 2, 2002, and some companies found themselves promptly delisted from the exchange. The same measures were taken in late 2008 in the midst of the global financial crisis, as hundreds of Nasdaq-listed companies plunged below the $1 threshold.
