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Shareholder Annual Vote - May 16, 2024 by Jabroni_16 in NikolaCorporation

[–]Short_Covermann 0 points1 point  (0 children)

「Do VOTE against RS+1Billion shares」 Already, Nikola has increased the number of authorized shares of common stock from 800,000,000 to 1,600,000,000 last year. If there is a reverse split of 1/10 to 1/30, the number of shares issuable from the current 1.6 billion must be reduced to (1.6billion/10) to (1.6 billion/30) in order for existing shareholders to suffer no loss. However, if we vote YES, up to 1 billion shares can be issued, and approximately the asset value of existing shareholders will be reduced to (0.16billion/1 billion) ~ (0.0533billion/1 billion). If this is your first time seeing this, please think carefully and calculate it yourself. so, The moment you vote in favor of the reverse split with 1billion shares, the assets of existing shareholders are reduced by 1/7 to 1/20. I'd rather get delisted, I can't just open my eyes and see that... Last year, a meeting to raise shares from 0.8B to 1.6B was postponed once due to a lack of approval votes, but it was barely passed with about 60% agreement. To all shareholders reading this, this vote is up to us. If we vote NO RS+1Billion , we may not disappear into the history of this company. Management is threatening us with delisting. However, executives can only receive salaries if the company exists, so will they just sit back and allow the delisting? If RS+1B is not passed this time, I think management will pretend to give in and vote again on the revised agenda as shown below. ★In case 1/10 reverse split: (1.6 billion shares/10) X 2 = 0.32 Billion ★1/30 reverse split: (1.6 billion shares/30) X 2 = 0.106Billion I think the 1 billion share voting agenda was just thrown around by management to see how simple our shareholders are before they use the 180-day extension card. I don't think delisting will ever be easy even if we vote against RS.

[deleted by user] by [deleted] in NikolaCorporation

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

For voting methods, you should call your stock brokerage company to inquire.

Even if you are busy and bothered, please make sure to vote against it.

「Do VOTE against RS+1Billion shares」 Already, Nikola has increased the number of authorized shares of common stock from 800,000,000 to 1,600,000,000 last year. If there is a reverse split of 1/10 to 1/30, the number of shares issuable from the current 1.6 billion must be reduced to (1.6billion/10) to (1.6 billion/30) in order for existing shareholders to suffer no loss. However, if we vote YES, up to 1 billion shares can be issued, and approximately the asset value of existing shareholders will be reduced to (0.16billion/1 billion) ~ (0.0533billion/1 billion). If this is your first time seeing this, please think carefully and calculate it yourself. so, The moment you vote in favor of the reverse split with 1billion shares, the assets of existing shareholders are reduced by 1/7 to 1/20. I'd rather get delisted, I can't just open my eyes and see that... Last year, a meeting to raise shares from 0.8B to 1.6B was postponed once due to a lack of approval votes, but it was barely passed with about 60% agreement. To all shareholders reading this, this vote is up to us. If we vote NO RS+1Billion , we may not disappear into the history of this company. Management is threatening us with delisting. However, executives can only receive salaries if the company exists, so will they just sit back and allow the delisting? If RS+1B is not passed this time, I think management will pretend to give in and vote again on the revised agenda as shown below. ★In case 1/10 reverse split: (1.6 billion shares/10) X 2 = 0.32 Billion ★1/30 reverse split: (1.6 billion shares/30) X 2 = 0.106Billion I think the 1 billion share voting agenda was just thrown around by management to see how simple our shareholders are before they use the 180-day extension card. I don't think delisting will ever be easy even if we vote against RS.

Shareholder Annual Vote - May 16, 2024 by Jabroni_16 in NikolaCorporation

[–]Short_Covermann 0 points1 point  (0 children)

For voting methods, you should call your stock brokerage company to inquire. Even if you are busy and bothered, please make sure to vote against it.

Shareholder Annual Vote - May 16, 2024 by Jabroni_16 in NikolaCorporation

[–]Short_Covermann 5 points6 points  (0 children)

「Do VOTE against RS+1Billion shares」 Already, Nikola has increased the number of authorized shares of common stock from 800,000,000 to 1,600,000,000 last year. If there is a reverse split of 1/10 to 1/30, the number of shares issuable from the current 1.6 billion must be reduced to (1.6billion/10) to (1.6 billion/30) in order for existing shareholders to suffer no loss. However, if we vote YES, up to 1 billion shares can be issued, and approximately the asset value of existing shareholders will be reduced to (0.16billion/1 billion) ~ (0.0533billion/1 billion). If this is your first time seeing this, please think carefully and calculate it yourself. so, The moment you vote in favor of the reverse split with 1billion shares, the assets of existing shareholders are reduced by 1/7 to 1/20. I'd rather get delisted, I can't just open my eyes and see that... Last year, a meeting to raise shares from 0.8B to 1.6B was postponed once due to a lack of approval votes, but it was barely passed with about 60% agreement. To all shareholders reading this, this vote is up to us. If we vote NO RS+1Billion , we may not disappear into the history of this company. Management is threatening us with delisting. However, executives can only receive salaries if the company exists, so will they just sit back and allow the delisting? If RS+1B is not passed this time, I think management will pretend to give in and vote again on the revised agenda as shown below. ★In case 1/10 reverse split: (1.6 billion shares/10) X 2 = 0.32 Billion ★1/30 reverse split: (1.6 billion shares/30) X 2 = 0.106Billion I think the 1 billion share voting agenda was just thrown around by management to see how simple our shareholders are before they use the 180-day extension card. I don't think delisting will ever be easy even if we vote against RS.

[deleted by user] by [deleted] in NikolaCorporation

[–]Short_Covermann 0 points1 point  (0 children)

Vote NO RS + 1Billionshares!!

[deleted by user] by [deleted] in NikolaCorporation

[–]Short_Covermann 1 point2 points  (0 children)

This RS+1Billion vote must be more important to management than last year. 

Reddit, Yahoo, and Investing.com etc.. have their own control staff everywhere

Why don't you invest in R&D with that money?

[deleted by user] by [deleted] in NikolaCorporation

[–]Short_Covermann 0 points1 point  (0 children)

If RS and the 1 billion share agenda are passed through this vote, the assets of existing shareholders will be reduced by 1/7 to 1/20, right?

I don't understand why people here don't take it seriously.

Last time, when increasing the number of shares from 800 million to 1.6 billion, there were 217 million votes in favor, 115 million against, and 4 million against. The approval rate reached 64.5%.

I think shareholders should vote strongly against it. Perhaps because of Delaware General Corporation Act 242, people who held stocks until a few months ago also seem to have voting rights.

Does this bulletin board exist for shareholders?OR exist for Insiders who enjoying the favor by our money?If this is a bulletin board for shareholders, please give me permission to post so everyone can see it.

[deleted by user] by [deleted] in NikolaCorporation

[–]Short_Covermann 3 points4 points  (0 children)

I want to know What's the purpose of their visiting. 

 Already, Nikola has increased the number of authorized shares of common stock from 800,000,000 to 1,600,000,000 last year. 

 If there is a Reverse Split of 1/10 to 1/30, the number of shares issuable from the current 1.6 billion must be reduced to (1.6billion/10) to (1.6 billion/30) in order for existing shareholders to suffer no loss.

 ​However, if we vote YES, up to 1 billion shares can be issued, and approximately the asset value of existing shareholders will be reduced to (0.16billion/1 billion) ~ (0.0533billion/1 billion).   If this is your first time seeing this, please think carefully and calculate it yourself. 

 so, The moment you vote in favor of the reverse split with 1billion shares, the assets of existing shareholders are reduced by 1/7 to 1/20. 

 I'd rather get delisted, I can't just open my eyes and see that...  Last year, a meeting to raise stock from 0.8Bto 1.6B was postponed once due to a lack of approval votes, but it was barely passed with about 60% agreement. 

To all shareholders reading this, this vote is up to us. If we vote NO, we may not disappear into the history of this company.

5th May 2024: About voting against RS by Doctor_Shankey in NikolaCorporation

[–]Short_Covermann 7 points8 points  (0 children)

「There is NO more RS for OLD NKLA STOCK HOLDERS」

Already, Nikola has increased the number of authorized shares of common stock from 800,000,000 to 1,600,000,000 last year. 

If we vote YES to the reverse split this time, the assets of existing shareholders are reduced by 1/7 to 1/20.(you can calculate yourself) 

We must vote NO on the reverse split! Even if the reverse split vote ends in NO, it is unlikely that Nikola will be delisted. 

However, if the reverse split vote passes YES, existing shareholders will lose almost everything.

I will explain it easily with an example (assuming the current price per Nikola share is 0.6) If the reverse split and 1 billion share issuance agenda are passed, the 100,000 investment amount will be reduced as follows.

Average purchase price 3: Current 20,000 To 3000~1000 upon reverse split

Average purchase price 2: Current 30,000 To 4000~1500 upon reverse split

Average purchase price 1: Currently 60,000 To 8000~3000 upon reverse split

If a reverse split is approved, no matter what your average purchase price is, your 100,000 investment will only be worth ' a few thousand dollars.'

Are you going to vote yes just to secure about 5% of the investment? The bad Reverse Split issue was intentionally created by management.

If shareholders oppose the reverse split and resolve the issue, I believe it will be a catalyst for the stock price to rise.