TGokou

If that was done in January was it done on VTIQ? If so why don't I see the outstanding shares reflect that and the corresponding cash balance? Doesn't really make sense to me.

If the 525M raised is based on a $10 share place then Nikola is implying their own shares are worth $10 each. This also implies VTIQ shares are also priced at $10 each. Also with a total market capitalizations of 3.3B it would imply that Nikola shareholders plan on retaining over 80% of the company with the other constituting VTIQ shareholders and the other being the institutional shareholders that buy in at $10. I could be totally off base on this as this is the first time I've ever seen anything like this being done and I just don't understand the ownership structure.

Yah no I'm pretty sure that's not how it works...

So I just looked into this and I'm not even sure if most of you have even looked into this. Correct me if I'm wrong in my assumptions. This is basically a reverse merger with Nikola taking over control of the public company VTIQ. VTIQ currently has approximately 30 million shares with ~300M cash on hand. In essence this stock should be worth $10. Nikola plans on doing a stock offering for 525M at $10 a share which would imply 52.5M shares that will be added to the share count. In addition Nikola has said they will have a value of 3.3B after the merger which implies a total of 330M total shares outstanding. Based on the merger, VTIQ shareholders will only own 9% of the total company after dilution which is a $10 share price. Somehow I'm skeptical that after the merger the stock price will still be at $25-30 a share unless they can get private offering buyers to buy in at 25$-30 a share. That would imply a valuation of over 9B for a company that has an average of 2B in annual 'potential' revenue spread out over 5 years and that is assuming they don't have any operational hiccups which will be impossible in Covid environment. Not saying it can't happen but seems like the easy money is already priced in.

Assuming that we don't keep our 1st round pick this year I think that in a way this will be a blessing in disguise as the prospects will be 'less' scouted than normal and there could be fallers that we can snag with our 3rd and up. I have lots of faith in our scouting staff to pick out the gems.

So S&P dropped off it's 75 day moving average with huge volume the other day. I'm expecting a retest sometime next week. If it doesn't clear I'm expecting a steady drop. If it clears expect it to test the 200 day moving average at around 3000.

You win some you lose some. I don't know what you bought it at but generally you shouldn't buy unless you were planning on holding long-term. I've actually sold majority of my stocks that I bought pretty much right at the bottom for far less than they are today not expecting this huge run-up we've had but I managed to take 20-30% profit for most of them. My point being is that if you bought it as a trade, always go in with a exit strategy and don't play it on emotion. If you go in, and it dropped, don't be satisfied for a 5-10% gain when you put so much risk into it. I find it too difficult to 'trade' knowing what my exit price would be if it kept dropping so I just buy it at the price Im willing to hold long term for it. If I make 20-30% in a couple days then it's fairly easy sell for me. I also never hold/trade any stocks I'm not willing to hold long term. Also for a stock like AC and the way it was dropping I'd be looking for a minimum of 50% gain as a reward - to - risk. I was going to buy CHR.to on monday when it was at $2.20 but was hoping for it to drop a little further on tuesday before picking it up. Unfortunately that never happened so lost my chance.

I wouldn't worry about it too much. Even if airlines re-open in 2-3 months who is going to be traveling while this thing is still out on the loose? From the sounds of things, many governments are contemplating re-opening even with positive cases still ongoing. Your going to have a long time to potentially pick away at this if you want. Right now is just the initial rally but it'll come back down. In the long term, expect this to be more of an L - shaped recovery rather than a V o U shaped recovery.

If I had to take a guess I think that markets have not taken into account a more protracted slowdown than previously anticipated. While I am cautiously optimistic that Canada will be able to get through this relatively unscathed I can't say the same for the states down south. They will be hit disproportionately hard as they did not take this as seriously as Canada, whereas I feel our government has acted quickly to slow down the infection. I am almost certain of a 2nd phase infection after the initial numbers go down. Most likely occuring in the fall. In the meantime, we will have things reopen and markets will probably have a decent recovery followed by more lockdowns later in the year. While a lot of small businesses can probably get through this first phase I think that second lockdown will be the dagger that shuts them down. Anyways, its' really difficult to predict what will happen with the markets. I'm anticipating a 40-45% initial drop from the peak during this initial phase but after that all bets are off. We have never seen anything like this in financial markets and I am not anticipating a V-shape recovery. Business sentiment has been shot and they won't be rehiring at full staffing levels even after things reopen. Personally I am trying to only hold the best assets that will always be required regardless of a downturn or a slowdown. Things like telecoms, restaurants (fast food), utilities are safe bets and maybe even industrial warehouse reits are safe bets. I would stay away from airlines, hotels, cruises, oil sector and possibly even banks even though they have dropped the most.

Managed to pick up some Brookfield Asset Management today near the low dip $51.5. Thankfully it rallied to the close. Gonna take profits tmw. Hoping for another 5-10% gain.

Who cares about Q1 earnings? Everyone knows it's gonna be bad. Market is already pricing in near-term recession. I do believe it's gonna go down more but it's not because a company reports horrendous Q1 earnings.

I finally started dipping my toe in today. I don't necessarily think it's the bottom yet but I figure I'll dollar cost average down if need be. Only picked up some of the best names like TD, BNS, BCE, and even RSI..mainly for the yield. Still have lots of powder to use.

I think your being a little bit too critical. Obviously what he's doing is working for him. Based on 1st line scoring they are doing just fine.

You are right. I was going by a previous article where they stated Lidstrom was the leader with 60 points. My bad!

I also think that if Hughes can surpass 60 pts and Makar doesn't they have to give Hughes the Calder. By hitting 60 pts he will be the highest scoring defenseman in NHL history in their rookie season. Just the talk alone of accomplishing that feat will generate tremendous buzz.

Technically what makes Hughes season even more impressive is that Lidstrom was already 22 when he had his rookie season,

Definitely not. I think it's giving him enough icetime that he's motivated to continue to try to improve off the ice in the offseason. As it stands right now, assuming his last 14 games is not a fluke, he's at 0.64 ppg which is amazing for an 18 year old player in the KHL. Even if he averages 0.64 ppg next season it'd still be a really good season but of course I'm hoping for more from the kid.

Ok now I'm pumped. Not that he didn't finish strong to finish the season but I really hope a different side of Podz comes out and he just dominates.

I hope not but wouldn't be surprised if it does. Would like to see him continue to rack up the points and show that he can drive play by himself.

Your a little late to the party. See pages 134-135.

At least we know we have two serviceable players in the AHL when the playoffs come around (Baertschi and Goldobin).

Personally I think the guy needs another year in the SHL rather than the AHL. He needs to show he can light up the SHL before he advances to AHL.

Try taking the 1st day and multiplying it by x10 and subsequently by x10 every other day. They wouldn't be making a big deal about it from day 1-10 if the figures were that low. Realistically total cases are probably in the 100,000s by now. These are only confirmed cases.

This thread has been so dead considering we most likely won't have our 1st round pick this year. Also hard to get excited about a 2nd round pick that will be in the lower half of 62. Good problem to have I guess and noone anticipated the season Miller has been having. Masterful trade of the century for Jim Benning so far.

Now that he's finally putting up the points I am genuinely excited to come read this thread.