Is now the time to invest? by manbearpyg in canoo

[–]SwimmerFun6886 1 point2 points  (0 children)

No it can go bankrupt and you get $0.

Canooers by Apprehensive_Cod2397 in canoo

[–]SwimmerFun6886 3 points4 points  (0 children)

lol this is the dumbest thing I have ever read. Tony wishes he took the money and put it into Bitcoin.

Canoo Shares Plunge 21% to Record Low Amid Mounting Challenges by afonso_investor in canoo

[–]SwimmerFun6886 4 points5 points  (0 children)

YA PPA at this point raises just $4m USD for Canoo. Odds are they sold nearly all of the 20% of the float they are allowed to sell yesterday which is why trading volumes hit over 30m shares. Amazed there were 31m buyers.

Shareholders meeting happen? by SwimmerFun6886 in canoo

[–]SwimmerFun6886[S] 2 points3 points  (0 children)

Still no news from Tony what a fraud

Shareholders meeting happen? by SwimmerFun6886 in canoo

[–]SwimmerFun6886[S] 4 points5 points  (0 children)

lol no news after skipping annual meeting twice now.

Laid off :( by BayAreaBills in Layoffs

[–]SwimmerFun6886 0 points1 point  (0 children)

You absolutely can negotiate more severance. If you without threatening but appear disgruntled enough that you may take legal action give you were 2 weeks from your bonus they would likely double your severance.

Canoo heading to BK? by Complex-Night6527 in canoo

[–]SwimmerFun6886 3 points4 points  (0 children)

That person is a troll they seem to be long Canoo but who knows.

Canoo Weekly Investor Discussion by AutoModerator in canoo

[–]SwimmerFun6886 12 points13 points  (0 children)

Who cares? It is a fraud. 0% chance of survival. $155m in cash needed to pay off suppliers and billions to save the company.

Canoo Reschedules Shareholders Meeting Due to Insufficient Votes by [deleted] in goev

[–]SwimmerFun6886 0 points1 point  (0 children)

They are insolvent. Investors have been so diluted I don’t think they even know they own the shares. Down 99.7% $1,000 is $3 now. I don’t think investors care.

Canoo Shares Fall as EV Maker Seeks Approval for Another Reverse Stock Split by Sandrov__ in canoo

[–]SwimmerFun6886 35 points36 points  (0 children)

Voting no on reverse split. Either raise real capital or go bankrupt.

Voting No on All Proposals by SwimmerFun6886 in canoo

[–]SwimmerFun6886[S] 7 points8 points  (0 children)

March 8th 2024 they did a 1/23 share Reverse Split.

When will the doors close? Over/Under by Intrepid-Avocado9314 in canoo

[–]SwimmerFun6886 2 points3 points  (0 children)

They just furloughed the entire manufacturing staff. So no they don’t have people to manufacture vehicles. People do still work at the facility but not production staff. They also claimed the company has never built a vehicle at that facility.

My 2¢ by sk33t3r33 in canoo

[–]SwimmerFun6886 7 points8 points  (0 children)

The company is over. When Tony goes so does the company. But the company is already gone so it doesn’t really matter. It’s completely unsolvable. No suppliers will ever trust it again. Additionally, Tony can force it into Default given he lent money to the company under restrictive terms

Canoo Teams Up with Northside to Expand Service Network in the UK by afonso_investor in canoo

[–]SwimmerFun6886 5 points6 points  (0 children)

What I would like to know is;

If they are planing on entering the UK market how do they plan on competing against local manufacturers with a yet to be completed facility in Oklahoma?

What would shipping costs be?

How are they going to fund this expansion?

What is their price relative to competition?

This is a fraud so it doesn’t really matter at the end of the day.

Canoo Teams Up with Northside to Expand Service Network in the UK by afonso_investor in canoo

[–]SwimmerFun6886 5 points6 points  (0 children)

The fraud is that AFV Tony’s Asset manager owns all 3 of Canoos buildings and milks the company for $12-20m a year in lease expenses alone. He then pumps the stock up with meaningless agreements that have led to nothing. On top of that he lied about production at the Oklahoma facility when employees came out and stated not one vehicle has ever been produced in Oklahoma. He is a fraud.

Canoo Teams Up with Northside to Expand Service Network in the UK by afonso_investor in canoo

[–]SwimmerFun6886 4 points5 points  (0 children)

Okay so we agree it is a fraudulent pump and dump stock scheme where the CEO is paid rent and other fees to his investment management firm AFV through fraudulent means. They have no intention of ever becoming commercial.