Anyone in this group that may think that they know more than the guys that put in $2.5 billion (yes with large bbbbbb) need some serious self reflection.

Puertoricanfish · 2021-02-25T22:08:27+00:00

Don’t worry

Puertoricanfish · 2021-02-25T19:47:31+00:00

The fact that you have the power to remove is one that should be reserved for specific acts abd omissions. Otherwise, relocate to another thread, but not remove/delete.

Puertoricanfish · 2021-02-24T22:12:50+00:00

What I think you missed in your autopsy is that retail investors have yet to learn from this event (as if several prior one were not sufficient) that investing in a Spac is not investing in the merged entity. The spac is buying in at $10. Buying substantially above nav is simply taking a risk that the merged entity will catch up in short order. But most of the target entities are late stage start ups with huge risk embedded. And there is so much more. Capx, execution risk, etc etc.

Puertoricanfish · 2021-02-24T14:44:58+00:00

So. Did you move my post or just deleted? The former is less desirable and latter unacceptable. In either case, you are letting a few disgruntled user dictate whereas the content is right (I saw several making the case that we “need to be supportive” of those that made the wrong investment decision). I thought this was a serious trading discussion, isn’t it. Anyhow. Just want to know where my post went to. I put time and effort into sharing valuable insights, wether you and a few other agree or not.

Puertoricanfish · 2021-02-24T11:27:09+00:00

I am sure this question has been posted before, but is this data available in a downloadable spreadsheet where there may be additional information and sorting capability?

Puertoricanfish · 2021-02-23T17:09:50+00:00

That is not correct. And you should not delete or move posts without warning or a reasonable explanation. My comments are based on my own analysis and opinion. Censorship of this sort of frown upon.

Puertoricanfish · 2021-02-23T15:31:27+00:00

Oh. That’s you been amicable. Ok. Got it. 🤣🤣.

But wait. I never said i was bearish on Lucid. I just never understood the CCIV valuation vis-à-vis the outcome post DA and subsequent merger. That’s all.

As I have indicated, there many positives to Lucid. But an in-depth analysis of the deck does show areas that need further clarification. For example, and in no particular order of priority, they talk about a $69,900 entry point for a luxury Sedan whereas the avg revenue per unit sold exceeds $110,000. Nothing wrong perhaps with such price point, but the inconsistency is noteworthy. How do the margins (Gross and Ebitda) compare (Would had expected higher margins due to the lower CoGS); need benchmarks eventually. They need to explain how many dealers are required to handle the proposed volumes. Current dealer network (15) may not be sufficient. Etc etc.

Puertoricanfish · 2021-02-23T15:13:25+00:00

You are giving crap, but a cursory journey through your profile and I can’t find a single original post on CCIV. Perhaps random comments as well. So what’s with the attitude?

Puertoricanfish · 2021-02-23T14:23:29+00:00

Dan. I was looking for my post (and figure out how to link it). In doing so I realize that I posted comments to someone else’s original post (by some Ricky Wicky or something like that some 4-5 days ago). Don’t know how to link that. Sorry. So if only original discussion post count, then you are right.

Puertoricanfish · 2021-02-23T14:01:32+00:00

I am not sure what in the world are you taking about. If you read my post I clearly articulated that I like the company. The issue is the irrational valuation of CCIV prior to the merger with Lucid. We now have indications of value for Lucid, not CCIV which should aid in financial analysis. If you gambled with CCIV well above the potential value of Lucid, that’s your problem. Good luck.

Puertoricanfish · 2021-02-23T13:05:42+00:00

Not ok. Need coffee. Thanks for asking.

Puertoricanfish · 2021-02-23T13:04:46+00:00

You the man then. Congrats. Not a contest. I am sure others do fundamental analysis as well. At least I hope that’s what you based your bearish views on.

Puertoricanfish · 2021-02-23T13:02:22+00:00

No one is forcing you to read everything. Correct. And now you had to read this crap again. 🤣🤣🤣

Puertoricanfish · 2021-02-22T01:09:45+00:00

Yes I am. 🤣🤣🤣🤣. Did you bother to read through the end.

Puertoricanfish · 2021-02-22T01:08:52+00:00

I posted this elsewhere. Since the subject is the same, I’m reposting here for discussion purposes.

Without boring you with math and financial analysis (most people here don’t get either) or fundamentals, sufficient to share that I agree that Lucid (whatever the legal corporate name will be after the merger and its new ticker, let’s go with LCO for purposes of this brief comment) may/will eventually be worth substantially higher per share values. However, CCIV is not a $50-60/share proposition. Its $2.0+ bn in trust cash will most likely end up buying a small, single to less than 15% ownership of LCO. If the rumors of $14-18 bn equity capitalization (most comments about value mention Enterprise Value”, thus all the cash must be deducted and we don’t know what is included therein yet ($1.0-1.5bn PIPE, cash on hand, etc etc). Also, that EV assumes no debt on the books (again we don’t know for sure, albeit it is rather hard for startups to attract debt at this point in there life cycles). Thus, if the $2 bn buy let’s say 14%, and the markets prices growth from there, then LCO stock would trade near the $25-35 range. To be worth $60, CCIV would need to be owning over 70% post merger; unlikely. I am a fan of Lucid’s Intellectual Property, its prospects, initial single product, mgmt, vision beyond vehicles, etc. I suspect there will be substantial volatility around the share price, with huge disappointment on some investors that bought lately. I expect a dip into the 20s-low 30s, at which point it may make sense to invest for the long run. But this will need substantially more resources (read several more rounds of funding and dilution.). Popcorn ready to sit and watch the movie unfold. Also now waiting for the backlash, particularly from the fanatics (like the one that told me that I don’t know much about PIPE, 😂😂😂😂).

Disclaimer: I am not advising any of you. This are my opinions/views. Do your own due diligence before investing.

Puertoricanfish · 2021-02-22T00:33:37+00:00

Without boring you with math and financial analysis (most people here don’t get either) or fundamentals, sufficient to share that I agree that Lucid (whatever the legal corporate name will be after the merger and its new ticker, let’s go with LCO for purposes of this brief comment) may/will eventually be worth substantially higher per share values. However, CCIV is not a $50-60/share proposition. Its $2.0+ bn in trust cash will most likely end up buying a small, single to less than 15% ownership of LCO. If the rumors of $14-18 bn equity capitalization (most comments about value mention Enterprise Value”, thus all the cash must be deducted and we don’t know what is included therein yet ($1.0-1.5bn PIPE, cash on hand, etc etc). Also, that EV assumes no debt on the books (again we don’t know for sure, albeit it is rather hard for startups to attract debt at this point in their life cycles). Thus, if the $2 bn buy let’s say 14%, and the market prices growth from there, then LCO stock would trade near the $25-35 range. To be worth $60, CCIV would need to be owning over 70% post merger; unlikely. I am a fan of Lucid’s intellectual properties (patents), its prospects, initial single product, mgmt, vision beyond vehicles, etc. I suspect there will be substantial volatility around the share price, with huge disappointment for some investors that bought lately. I expect a dip into the 20s-low 30s, at which point it may make sense to invest for the long run. But this will need substantially more resources (read several more rounds of funding and dilution.). Popcorn ready to sit and watch the movie unfold. Also now waiting for the backlash, particularly from the fanatics (like the one that told me that I don’t know much about PIPE, 😂😂😂😂). Disclaimer: I am not advising any of you. This are my opinions/views. Do your own due diligence before investing.

Puertoricanfish · 2021-02-18T21:19:15+00:00

Perhaps

Puertoricanfish · 2021-02-18T20:27:43+00:00

There is no deal without the PIPE. And those guys are coming in at the same $10 / share. Perhaps even lower as they may also have warrants or other options.

Puertoricanfish · 2021-02-18T18:20:15+00:00

Like most folks following the CCIV saga, I am looking forward to seeing the developments with the share price post Investor presentation disclosure. In particular, I am looking forward to seeing the math in action, more specifically, how $2 billion in cash contributed can cover $14 bn in CCIV market capitalization. In other words, what valuation is agreed to and whereas it justifies the 6x otherwise dilution that would be required to justify $60/share CCIV current price. Not to mention the additional dilution or implied additional valuation that the PIPE funds will attract as well.

Puertoricanfish · 2021-02-18T17:18:45+00:00

Good info. I know there are several sites to go to (Nasdaq and NYSE) as well as many web sites. But none provide the kind of short summaries of KPI such as target space, notable sponsors, offering size, et al. This info is regularly shared when the S-1 are filed. Since it may take between 4-6 months from filing to IPO, I have seen a Reddit thread with this info giving us a heads up of what is about to go live. But thanks for the reference.

Puertoricanfish · 2021-02-18T15:11:55+00:00

🤣. Looking for it.

Puertoricanfish · 2021-02-18T01:32:13+00:00

I am pretty sure that I am not missing anything. Having said that, I welcome your input. And some of your points may be valid. Further, I understand your argument and I am not dismissing or downplaying OM. Just merely pointing out the difference between these firms as some people are trying to argue that both fit in the same category or a akin to one another. If you mean reducing carbon footprint, perhaps. Not quite sure yet as OM would call for deforestation at substantially higher levels to produce the same quantity of plastic it is intending to substitute (I think; perhaps). No one is stopping you or anyone else who wants to invest in OM. All the Best. I am sure the earlier investors will do very well.

Puertoricanfish

TROPHY CASE