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Reverse Split

TahoeMichael said:
I've been lurking on this thread, and I'll throw in my 3 cents:

Keeping the stock price well above the delisting point seems like a good move. Delisting would be pretty painful for pretty much everyone but the Saudis. It would especially negatively impact the employees, and increase the chance of key employees deciding to move along. It's common for reverse splits to cause price declines in the short term, but in the long term the stock price is driven by the business fundamentals, not the number of shares outstanding.

I think it's unrealistic to expect the stock price to make any big upward moves until it's clear that Lucid is a sustainable business. And that won't be clear until the mid-market vehicles are being produced in volume, and the financial numbers are on a clear trajectory towards profit. In the interim, there are a handful of metrics that might matter to Wall Street: Gravity selling in volume, Gravity delivering class leading sales numbers the way the Air does, concrete unveiling of the mid-market vehicles (making it clear that they'll be competitive), and beginning sales of mid-market vehicles. Aside from significant news like that, I'd expect most stock movement to be volatility rather than any fundamental change.

The current stock price undervaluing the assets on hand is not surprising. Wall Street knows that those assets are going to be spent getting ready for the mid-market, and so they're worth nothing until there's confidence that the investment will pay off. And even the most ardent Lucid fan should realize that there's still a big risk that the investment will fail.
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Could not say it any better.
 
I had never seen that before on the website
…..thx for link….. I’m quite happy , The stock is ^ $135 per share in the last six months.
 
MackWang said:
What do folks think of a 1:10 reverse split? It's got pros and cons. Wondering what someone with investment acumen thinks.
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Now we know why they did it, to avoid delisting if stock goes to $1……it’s not “ for institutions to invest”…..if they didn’t split, stock would be at $3 pre split. They just took away all momentum after the Uber announcement. They thought Uber would neutralize any stock split effect. Investors aren’t that stupid…….they should stop playing mind games and just execute……which they don’t know how to do…..great vehicles and engineers, very bad management
 
gaskiller said:
Now we know why they did it, to avoid delisting if stock goes to $1……it’s not “ for institutions to invest”…..if they didn’t split, stock would be at $3 pre split. They just took away all momentum after the Uber announcement. They thought Uber would neutralize any stock split effect. Investors aren’t that stupid…….they should stop playing mind games and just execute……which they don’t know how to do…..great vehicles and engineers, very bad management
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Or may be they want to keep it too low so its easy to grab :p
 
Great cars however……….
The stock is a TURD….
That’s the reality down 33% since 1/10 split
A falling knive and no buyers for it.
 
gaskiller said:
Now we know why they did it, to avoid delisting if stock goes to $1……it’s not “ for institutions to invest”…..if they didn’t split, stock would be at $3 pre split. They just took away all momentum after the Uber announcement. They thought Uber would neutralize any stock split effect. Investors aren’t that stupid…….they should stop playing mind games and just execute……which they don’t know how to do…..great vehicles and engineers, very bad management
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I'm not saying if the stock is or isn't good...but time has shown over and over again this statement isn't really true ;)
 
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