Arrival is down a remarkable 99% since listing just a couple of years ago. If someone bought near the start due to the asymmetric nature of gains and losses they’d need > 1000% gain in price to break even.
At this point their best option is to be bought out at the current price, other options could be investment on harsh terms diluting current shareholders massively, or running out of money (it’s a capital intensive business).
I don’t see any way this makes previous investors money from here, better to write it off as a lesson learned.
Yes you are correct @Cerbera14 . On the article I have read a few months ago I understood that they had 3 months from the 3rd of November. After your comment I read the article again and it does say that if the reason for the notice is the minimum bidding price, then a 180 day period applies.
“At this point, Nasdaq’s Listing Qualifications Department will send a deficiency notice to the company, informing it that it has 90 calendar days to get up to standard in the case of the market value listing requirement or 180 calendar days if the issue is regarding the minimum bid price listing requirement.”
It’s some of the comments at the bottom (a lot of scrolling necessary i presume by now) some mentions something relating to Apple. there’s actually a lot of Bullish comments claiming all sorts of things lol.
I’m actually wanting the source before i start jumping here lol
That was a very exciting few hours. Days/weeks really. But today. Wow. First time I’ve seen that sort of run. Been in arrival since feb 2022. Was one of my first purchases as an investor. Obviously it tanked. 90% down. Though. I was fool hardy to keep averaging down over the past few months. Looks a lot better today lol. This a Mullen are my big investments. I like both companies. Can’t believe arrival has push passed Mullen. Mullen has had a crazy couple of weeks. More news around them than arrival. In about 13,000 on both. I know the risks. Just be interesting to see where both end up. Have felt more positive vibes/sentiment on both since turn on new year. Though. A good start in the new year across the board really. Long May it continue. Though. I expect plenty more bumps in the road. Good luck all
It’s a short squeeze or an attempt to it. Arrival, like many EV startups is in trouble so short interest is high. Hence, some people want to go against it. It might work but whereas GME was financially sound and the short interest was not justified, Arrival has almost no cash left. So if you want to ride the short squeeze wave, go ahead, but be sure not to become to greedy and get out on time.
13000 shares give or take in each company @Da_MoLe. Yep. Mullen in 212. Mullen up a few £100. Arrival. Was down about 90%. But averaged down when at/near recent bottom. Coupled with the gains since turn of new year, plus today’s spike (though, nothing compared to its fall over past year or 2) I’m about 40% down on arrival. Think I averaged down to about $0.80. I’ll continue to try and bring down average over time.
Still a way to go. But you can’t argue again the recent up turn. Though, can’t find any relevant news on the spike. There was talk about a KUKA robotic arm delivery for arrival in the US. Take that as you will. Apart from that. No other clue in the trigger for recent mini revival.
Im in it for the long haul. Just have to be patient and see what news comes out over the next few weeks/months. There’s a lot that can happen. Both positive and negative.
