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General Investing and Economics Discussion - No Politics
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<blockquote data-quote="Deleted member 2897" data-source="post: 813322"><p>According to this: <a href="https://finance.yahoo.com/quote/NKLA/holders?p=NKLA" target="_blank">https://finance.yahoo.com/quote/NKLA/holders?p=NKLA</a> about half the shares are owned by insiders.</p><p></p><p>So take a look at all the funds that own shares and make sure you're not investing with them. Who would own shares in a company with no revenue in the first place? LOL. They've been public for well over a year and are 7 years into development and still have nothing to show for it.</p><p></p><p>LOL: <a href="https://financialpost.com/investing/nikola-corp-a-26-billion-truck-company-with-zero-revenue-just-surged-103" target="_blank">Article about insane valuation based on nothing</a></p><p></p><p><a href="https://www.bloomberg.com/news/articles/2021-01-14/nikola-nkla-faces-daunting-future-after-losing-gm-bp-other-partners" target="_blank">Article on investigation and GM backing away</a></p><p>This investigation has been ongoing for a long time. Several several months ago folks like GM backed away from doing deals with them. Yet still these funds own millions and millions of shares???</p></blockquote><p></p>
[QUOTE="Deleted member 2897, post: 813322"] According to this: [URL]https://finance.yahoo.com/quote/NKLA/holders?p=NKLA[/URL] about half the shares are owned by insiders. So take a look at all the funds that own shares and make sure you're not investing with them. Who would own shares in a company with no revenue in the first place? LOL. They've been public for well over a year and are 7 years into development and still have nothing to show for it. LOL: [URL='https://financialpost.com/investing/nikola-corp-a-26-billion-truck-company-with-zero-revenue-just-surged-103']Article about insane valuation based on nothing[/URL] [URL='https://www.bloomberg.com/news/articles/2021-01-14/nikola-nkla-faces-daunting-future-after-losing-gm-bp-other-partners']Article on investigation and GM backing away[/URL] This investigation has been ongoing for a long time. Several several months ago folks like GM backed away from doing deals with them. Yet still these funds own millions and millions of shares??? [/QUOTE]
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