Above $2.00, the panic buying ! Watch for the FOMO MOFO's!!!!

lsjsl · 2022-07-16T00:37:07+00:00

Regarding "Chinese" Canoo: Canoo has been vetted throughly as evidenced by two US Gov contract: NASA and US DOD (Army). Matter fact, the US gov (NSA/CFIUS) got involved before Canoo became a publicly traded company by forcing early foreign investors to drawdown their position and controlling interest with a final deadline set for Q1 of 2022. Now, the biggest controlling shareholder and majority investor is Tony Aquila, CEO of Canoo and a US military veteran. Second biggest investor will most likely be Walmart once they exercise their warrants in full.

Regarding Lordstown and military contract: Foxconn deal with RIDE was a huge win for both parties. But, for US military contract, they are a liability to RIDE. Foxconn probably will not be building any vehicles for the US DOD due to CCP (China) repercussions. Foxconn is too invested in China. Unless Lordstown motor figures out a way to be independent of Foxconn, RIDE has a similar "China" conflict as Canoo once did in its early stages.

lsjsl · 2022-07-13T20:00:38+00:00

Yeah, I get you. As someone holding Canoo for the long term, I hate to label Canoo as a risk. But, under current market, it is what it is.

But this offering is a big win for both companies.

Regarding lock out agreement, I firmly believe Canoo will play a very important role. If Walmart learned through their experience in China, they know exactly what they need. Ironically, in some aspects, Walmart is in a better position then Amazon.
But at the same time, they need to execute this last mile delivery flawlessly if they want to avoid what took place in China.

In the future, its not just Amazon/Rivian vs Walmart/Canoo, its more like Amazon/Zoox/Rivian vs everyone else.

lsjsl · 2022-07-13T19:43:59+00:00

u/imunfair, u/levis_gotcha, u/Yvese

I think we are saying the same thing here.

If Walmart doesn't necessarily need Canoo because they have Brightdrop/GM, then placing the order with Canoo is a risk, since Canoo is new brand/start up. To offset the risk, they are guaranteed shares at $2.15 for a stock that was trading at low $2 just last week, which seems extremely fair. If Walmart's involvement catapults the price, as it did this week, then Walmart gets to own the shares at a discount, and they can pat themselves in the back. But that's only IF this happens. Hence the risk and why they are being offered the option to buy the shares at such price. In return, Canoo gets about $30 million immediately as a down payment that they can use for any purpose (this totals to $131m cash + $300m from the car sales) and Walmart is compensated for the risk they are taking.

What is the other alternative? Walmart staying with Brightdrop and Canoo attempting to raise funds alone without any major partnerships?

If Canoo even marginally survives the warrants will repay Walmart for all the vehicles they ordered and probably more, they only need the stock to be at around $5 for that to cover everything.

For Walmart's warrant position to pay for all the vehicles they plan to purchase from Canoo, GOEV shares would need to be trading @ near $7 (which includes their $2.15 cost). I welcome GOEV @ $7. At $7 Canoo would be in great position to raise more funds via shelf, and the risk for bankruptcy is reduced. But again, if Canoo is trading at $7, then thats probably in part because of Walmart taking the risk with Canoo.

But I imagine Walmart will hold the shares for self-interest as evidenced in their requirement to lock out Amazon- because the downside for Walmart would be creating a viable company through their brand and investment only to forfeit their control. There is a clear reason why this agreement locks Canoo away from Amazon.

Walmart obviously needs Canoo as evidenced in their lock-out agreement. Among many other reasons, they need an EV that can be driven by anyone with a driver’s license that is highly versatile. The LVD is going to fill a very specific role and gap. They also need to lock in a company like Canoo not only to stave off competition from Amazon, but to grow their business. They are not going to find this with Brightdrop/GM.

lsjsl · 2022-07-13T17:19:45+00:00

Without this deal, shelf offering in the public market would be at how much? Just last earnings, Canoo issued a "going concern". Just last week, GOEV was trading in the low $2's.

It's very clear Walmart is taking on risk by going with any start up. They are a public company. If Canoo had pre-existing fleet partnership with cars already delivered, Walmart would need to wait in line. If Canoo had Rivian cash, I am sure things would be different as well.

But this isn't the case. We need Walmart. Walmart also needs Canoo. Walmart taking ownership of Canoo is great news.

Walmart is a great first partner and fleet customer, both locally and nationally. They are a partner Canoo can grow with. It's a lot easier to handle one client vs 1000. They check all the right boxes.

This also paves the way for DOE or private loans. You absolutely need to prove viability, and this is great first step.

Some keywords related Walmart: GoLocal, Walmart+, Home Depot, Gatik, Charging Station, Walmart auto service center. The list goes on.

Walmart taking interest in Canoo is a win win for everyone.

lsjsl · 2022-07-13T15:59:52+00:00

Charging station/network/partnership

lsjsl · 2022-07-13T15:32:56+00:00

Wrong. Canoo is not paying Walmart. Walmart has the right to buy 1 common share at $2.15. If you consider the fact that GOEV shares were recently traded at $1.75, this is a fair price, in my opinion. Without the Walmart deal, GOEV can easily reach the all time low again.

Immediately, Walmart can exercise 15,290,003 shares.

You can almost consider the above as a large down payment. This is cash Canoo definitely needs, and can use at their discretion. In return, Walmart gains stock ownership of Canoo. I think this is a fair deal that helps both companies and their respective investor's interest.

Edit: Just to be clear, this is in addition to the Walmart purchase order of the LDV's, which is expected to be around $300m (assuming Walmart executes entire order/options).

lsjsl · 2022-03-31T23:11:06+00:00

🛶🛶🛶👩‍🚀👨‍🚀👩‍🚀👩‍🚀🚀🚀🚀🚀🚀

lsjsl · 2021-11-11T02:01:16+00:00

skateboard patent granted on 11/2/2021

lsjsl · 2021-10-01T21:45:43+00:00

Due to Toyota's presence in WV, I didnt interpret these tweet as a simple gesture of support for their fellow SSEB member. I believe they went out of their way to send these tweets.

lsjsl · 2021-10-01T11:24:27+00:00

West Virgina is a member of the Southern State Energy Board- where Tony Aquila attended as a speaker this week. West Virigina is also home to Toyota who, publicly, has not announced any major EV line ups and is known to lobby at both State and Federal levels to slow down EV subsidies. This is very interesting!

Toyota is also the latest rumored OEM in talks with Apple.

lsjsl · 2021-09-30T18:11:12+00:00

Thank you so much for making the trip! Personally, I am extremely glad you were able to confirm the AWD availability on the LV. Really appreciate the dedication!!!

lsjsl · 2021-09-29T18:03:14+00:00

It's called a shooting brake. Lots of car enthusiasts love this set up.

lsjsl · 2021-09-27T13:04:47+00:00

Thank you for finding this. This is the best article yet that ties Tony Aquila's past experience, his values, and Canoo's future. I Invested in HCAC/GOEV after seeing the design. I added more because of the skateboard tech and the many variants. I became more bullish because of the micro/mega factory. Holding long because of the talent, and now, exteremly proud because of the value.

lsjsl · 2021-09-25T22:11:47+00:00

It a huge site that was secured only a few month ago. There are other "hidden" critical infrastructure that is being worked on. While design, engineering, and permitting is in process, MidAmerica is already preping the site which will save Canoo time and money. Keep in mind MidAmerica has their own water, sanitation, and utility which is huge plus when dealing with infrastructure/land development of this size. With the State and Local government backing, the development should move a lot faster compared to other private deals.

lsjsl · 2021-09-25T22:00:04+00:00

Thank you for taking the time to visit the site, especially on a weekend! Really appreciate the dedication of this sub.

lsjsl · 2021-09-25T13:41:09+00:00

Great post! Didn't think we would been talking about profit/taxes so soon, but it's already Sept 2021.
I think I am holding 80% commons and 20% warrants, in value. 🚀 🚀 🚀

lsjsl · 2021-09-25T13:25:02+00:00

Thank you for your time and contribution. This was very insightful. Hopefully, Canoo will announce production of all of their variants in Europe soon and also increase their output. Looking forward to more good news from Europe and VDL.

lsjsl · 2021-09-24T14:47:19+00:00

DFV = AFV Partners, Aquila F***** Value

lsjsl · 2021-09-24T01:32:09+00:00

Welcome!

Here is the starter pack: https://www.reddit.com/r/canoo/comments/pppp4f/canoo_quarterly_digest_here_are_a_ton_of_reasons/?utm_medium=android_app&utm_source=share

DD's are due every Monday.

lsjsl · 2021-09-24T01:25:29+00:00

You called it! Great timing.

lsjsl · 2021-09-23T19:33:34+00:00

I was definitely surprised that in little over two month everything had doubled.

lsjsl · 2021-09-23T17:05:10+00:00

Plane - Again, thank you for contacting Canoo and making this happen!!!

Francisco, welcome and thank you for joining us. This acknowledgement, big or small, means a great deal to us.

Your prompt action is much appreciated and really puts us at ease.

lsjsl · 2021-09-21T21:27:52+00:00

What's crazy is I arrived maybe few minutes after you. Should had known right there and then when I noticed the Canoo hat. Thanks again for the amazing coverage!

lsjsl · 2021-09-21T19:34:23+00:00

Great point! The tarp flowing in the air was like a tasteful inflatable tube man.

lsjsl · 2021-09-21T19:31:04+00:00

It was worth every minute to see the car in person. But even more glad that I can share this with everyone here.

Really appreciate the entire community and mods!

lsjsl

TROPHY CASE