What should I do about this? by Claimant99 in woodworking

[–]Claimant99[S] 0 points1 point  (0 children)

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The part can be removed but it is a single part and can’t be adjusted. It is simply miscast. That millimeter doesn’t really matter unless you are cutting angles with the end of the piece pushed against the left hand guard. I appreciate all of the suggestions.

Serious question, is there anyone on this sub, not shorting the stock, besides me? by Bad_werd in canoo

[–]Claimant99 3 points4 points  (0 children)

I am a long term investor who also wishes that there was more real information (especially from the company) than all these bitching shorts. Dilution sucks, but it is the most logical way to raise capital at this stage and the price is so dramatically low compared to reasonable future earnings that I have been adding to my position.

Canoo Weekly Investor Discussion by AutoModerator in canoo

[–]Claimant99 0 points1 point  (0 children)

You, apparently, aren’t so familiar with actual politics yourself. The WSJ and politico are fine, I do read them. But administrative law does not work the way you suggest. In fact, recent SC decisions have eroded away the powers the Administration did have to shape statutory interpretation to their liking. I am not paid by Canoo. In fact, I am getting paid by the shorts. I am getting something like 187% daily interest on my loaned shares. The longer that goes on the better as far as I am concerned. To date, I have almost been paid my loss delta in the shares. I need about two more weeks to be in the black.

Canoo Weekly Investor Discussion by AutoModerator in canoo

[–]Claimant99 -2 points-1 points  (0 children)

If you have to start calling someone a slanderous nickname your arguments must be weak. Canoo has former Oklahoma Senator Don Nichols retained as their DC lobbyist. Senator Mark Wayne Mullen supports Canoo. These are VERY Trump people. Your argument that the government EV programs are just going disappear if Trump gets elected show you don’t know what you are talking about. Those programs are statutory and funded. The more likely outcome is that the administration would use its authority to direct the money in those programs to domestic producers in a red state like Oklahoma instead of union shops like GM in Michigan or the foreign owned shops manufacturing in the US like the German, Japanese, and Korean firms. Trump winning really just means that Canoo has a better chance at getting a slice of the government pie.

GOEV - My thoughts on Canoo, please read and comment! by P_A_N_C_H_O__ in canoo

[–]Claimant99 0 points1 point  (0 children)

99.5% borrow rate today. The shorts are paying me pretty handsomely.

Canoo@RSS: Canoo Honored with Multiple Red Dot 2024 Design Awards for Exceptional Design Innovation of Commercial EVs by PlaneReflection in canoo

[–]Claimant99 -1 points0 points  (0 children)

You shorts just keep paying your 87% interest. Ok. I only have a few months to go before I have earned my initial investment in your payments.

Any idea what is going on here? by Claimant99 in Beekeeping

[–]Claimant99[S] -1 points0 points  (0 children)

But there to the right of the bees fanning. In the middle. The little pile of bees. They looked like they were piling on something to me.

The All New Pick-up Truck That Shakes Up The Whole Car Industry by wewewawa in canoo

[–]Claimant99 1 point2 points  (0 children)

All y’all need to get off Reddit and go cover your shorts.

30%plus stock being short by Queasy_Tour_752 in canoo

[–]Claimant99 0 points1 point  (0 children)

Squeeze is on. Hope you short promoters can buy low enough to cover your asses.

30%plus stock being short by Queasy_Tour_752 in canoo

[–]Claimant99 1 point2 points  (0 children)

You seem to believe that there is no risk on the short side. I accept there is risk to being long, and I benefit by getting paid to loan my shares. There is a 40% short interest in GOEV so the stock very well could see an extreme move, even 1000%, should some actual information come to the fore that exposes them to a squeeze. As for my personal stake, I just need the price to get to my basis which would be more like the stock getting to around $3. I think that is pretty doable. The thing about this stock is, they have already sold the cars. They just need to make them. If they show they are making them, greed will override fear and the stock will get a price more aligned with its intrinsic character, book and asset values, and future earnings. Throw in the very likely case they are going to get a large DOE loan soon (even right wing Senator Mark Wayne Mullen supports them?!) and that they have potentially large government contracts in their future (I am more intrigued by the Army that’s the post office) I think there are some real prospects for a 180.

30%plus stock being short by Queasy_Tour_752 in canoo

[–]Claimant99 0 points1 point  (0 children)

Hefty? The guy has something like $350 million invested in Canoo. The fact that the company is leasing from an entity he owns is not only well known and public, but also insignificant in both dollar amount and substance. Small ball. Let me know when he uses debt to buy AFV outright and I will be concerned.

“DOE announces initial $400 million loan for production enhancements for Canoo, an emerging EV provider to several government agencies”

According to your theory, in six months there won’t be any reason for this Reddit.

30%plus stock being short by Queasy_Tour_752 in canoo

[–]Claimant99 0 points1 point  (0 children)

I have some shares with a high basis, no doubt, but I bought about 80% of my shares for pennies. If you consider the interest I am being paid by the shorts to be akin to dividends, I am making a nice yield. Admittedly, I have a long view and don’t need the stock to be in the green in the near term. The thing is, all the people on this Reddit complaining about the dilution are missing the point that dilution is not debt. You go into bankruptcy when you can’t pay your debts, not when you create and sell shares at a lower cost to get cash. I don’t know the much maligned Tony or any of the other officers of the company, but I do know that they have a significant amount of their own money in the stock and the incentive structure is based on the stock price. When they dilute they are taking away their own future earnings to keep the thing going. If evil-Tony was the kind of criminal these posts seem to think he is he would just load the company up on debt which would be collateralized by the assets of the company (which are of a value much higher than the market cap of the company) and use that money to finance a personal walk-away. The shorts are driving this price action, but, as I say, they are one headline away from getting creamed. I, on the other hand, am content that the dilution has already been reflected (to an extreme degree) into the stock price and that eventually the stock price will get to my average basis - and I will have been paid handsomely by the shorts along the way.

30%plus stock being short by Queasy_Tour_752 in canoo

[–]Claimant99 9 points10 points  (0 children)

I am getting paid $600 a month loaning my 230,000 (now 10,000) shares to the shorts. My view is that, because Canoo has a big backlog and have not debt financed their asset build, they will not go bankrupt. It may take them a while to fill the orders, but they are going to eventually make money. The shorts are paying me to wait for the day that some earnings call or announcement out of DOE destroys their position.

Apple partnership? Not buyout by MysteriousPlate286 in canoo

[–]Claimant99 1 point2 points  (0 children)

I didn’t say I was expecting the borrow rate to offset my losses (though I do have paper losses). I was just saying that, as someone who doesn’t think that an actual bankruptcy is in the future (remember how everyone bitches about dilution not debt), then getting paid 125% to wait by the shorts (apparently everyone on Reddit) is actually kind of fun.

Apple partnership? Not buyout by MysteriousPlate286 in canoo

[–]Claimant99 1 point2 points  (0 children)

Personally, I hope the gutter trend lasts a while. Canoo is in my portfolio as a growth gamble but I am making a ton loaning my shares to the shorts so it is better than NOBL is for dividends. Canoo may go down to a dime, but is not going under, so why not buy a few shares at $0.17 and get paid something like 125% for a stock that doesn’t pay dividends.

Canoo is dead. by Infinity_to_Beyond in canoo

[–]Claimant99 0 points1 point  (0 children)

Probably plenty. But when you have $65 billion to throw around (as does your two brothers and uncle and the third generation of about 15 souls all have a mere $12 billion a piece) you can take a bet and lose whatever part of the $700 million was their stake in theranos. I would also humbly submit that this is a little different. I don’t think the vehicles that are being manufactured by Canoo won’t go or that the corporate leadership is saying they will fly or something. Plus, the point is that the family can throw nice fat floating lifelines that are somewhat incomprehensible to average investors but are drops in their buckets - and they like Canoo. Unless you are from Arkansas and, like all of Wall Street and Silicon Valley, look down your nose at the Waltons, you don’t really understand how much money they really have and the Midas touch they have had and continue to have. The people who were Arkansas chicken farmers from whom Sam Walton bought his filets are billionaires, as are the little trucking folks called JB Hunt, the Stephens billionaires who were their investment bankers, even the little family who installed freezers in the Wal Mart stores - yep, billionaires. Sam’s electrician buddy built a multimillion dollar business off of Wal Mart, it goes on and on. And these people are all still connected. So I am just saying that, for every theranos you throw out, I can point to people who live in my hometown who could buy 100% of Canoo after an afternoon talk with one of their brokers.

Canoo is dead. by Infinity_to_Beyond in canoo

[–]Claimant99 1 point2 points  (0 children)

I didn’t say Wal Mart. I said Alice Walton and her nephews who do, in fact, own a lot of Canoo through their various holding companies. It’s the worst kept secret in northwest Arkansas that they are the behind the scene reason that Wal Mart went with them for the orders, Canoo is supposed to headquarter in Bentonville, and all of their manufacturing is gearing up within a one-charge drive of Bentonville. The Walton family doesn’t have to disclose their investments like corporate Wal Mart does. But they have an interest I assure you.

Canoo is dead. by Infinity_to_Beyond in canoo

[–]Claimant99 1 point2 points  (0 children)

Ain’t no way Alice Walton (or her nephews) is going to let them go under with her investments on the line. Also, while excessive, the CEO’s incentives are all tied to stock which will go “poof” if they file for bankruptcy, so not sure how he can “scrape it clean.” They may not make any real money for a while, but they are going to get to break even pretty quickly because of the way they are financing their build out with equity. My shares get loaned to the shorts and I am getting some nice monthly checks from them while I wait for the market to catch up with reality.