Nikola Corporation (NKLA) Quote

Trever really screwed Nikola, and it was all downhill from there (Punn intended). I don't think he will get out on Good Behavior!

https://www.hydrogenfuelnews.com/bankrupt-nikolas-legacy-hydrogen/8569741/

Going to trips soon. Pinky stinky land 

JPS - if that is what you refer to - in most cases is also wiped out

"the buyer will commit $500-700m to fund the completion of FCEV2.0 and securing national roll outs"

im not sure who would jump in and pour $700 mil into a failed company, that had what you described as decent management, that was in a fcev truck business that many are fleeing from and cutting their losses...and thats on both the company side, investor side and customer side...

someone may purchase the AZ facility to try and make a go of bev trucks...but i seriously doubt anyone will attempt to make fcev trucks...

yes this is what I hope will happen so the business of building Hydrogen fuel cell powered trucks can continue.
I woudl expect preferred shareholders to get something for the assets and as you say the buyer will commit $500-700m to fund the completion of FCEV2.0 and securing national roll outs

🤔
B
K

You are so screwed…LMAO!

Nkla will drop down to the OTC market where they will dilute the pps to sub penny…then they will sell their assets off piece by piece if they can…eventually, the rest will simply be auctioned off…

From where I sit - and my experience

NKLA may now find a buyer for the entire company. That may be the case as the 11 declaration shows buyers that the debt side of the balance sheet is up for grabs. As to current common stock - IMO - it is worthless as any buyer will not leave those shares as legitimate owners of any part of NKLA 2

As the operations - as NKLA 2 - require say 500MM or 700MM to fill deficits over the coming months - until NKLA 2 is cash breakeven - the selling price might be close to zero.

How can this happen? Those holding debt must be offered by someone or something ownership in a viable new NKLA 2. The Debtholders then have to decide they prefer this offer. Their alternative - as debt holds the cards is they get their pro rata tiered share of cash from selling parts. So for example assume selling parts could get get most debt holders 25 cents on the dollar (fast look). A new NKLA 2 offer by a buyer to debt holders would have to have of a promise from a buyer of enough cash investment into AZ going forward to get it profitable

Again - as example - one offer may be 25 cents on the dollar and the other offer is equity in a company that has a fair/good chance of making money - down the road with a BIG IF. The majority (??) of the Debt Holders will make that decision

Banger - I can't see anyone with an IQ buying NKLA.

( I can't see how anyone even bought shares !)

The additional shares will be used to further milk the public , if they can't liquidate the assets.

Remember what P.T. Barnum said ... "There's a fool born every minute."

NKLA is looking like a preview for PLUG in a few months .....

So will they just trade on the pink sheets? - its very confusing unless there is a buyer or some solution to the business survival.

And they have simultaneiously filed prospectus for like 270 000 000 shares...

Do the plan a pump-and-dump

Two trading days to go
The Company does not intend to appeal the Staff’s determination. Therefore, the Company expects that the trading of the Company’s common stock on Nasdaq will be suspended at the opening of business on February 26, 2025.

They all tried and tried and tried, boo hoo poor management that made millions on this share selling scam. Point here that this company is worth zero. Just like amount of trucks they sold. This is gaining zero up front in no time

https://ih.advfn.com/stock-market/NASDAQ/nikola-NKLA/stock-news/95491248/form-424b3-prospectus-rule-424b3

did you even read the article??...nkla has been trying to sell itself for months...they have have a number of interested parties take a gander...ALL have walked away...

nkla tried to get financing from a number of institutions...they all took a look and walked away...

now that they are in BK, a few want to see if they can get nkla for pennies on the dollar...meaning, a FEW pennies...

nkla dropped 14% today...they ended the day at the bottom pps, 38 cents...after hours they dropped to 30 cents....

nkla themselves say they have $500 mil to one billion in assets but owe $1 bil...how much money would you bid for a company that is essentially worth zero?...or how much would you bid to buy someone else's debt?...

Potential buyers next week will be announced, losers! https://techcrunch.com/2025/02/20/bankrupt-nikola-wants-to-sell-its-whole-business-by-april/

Buyout news is on deck next week!!!

Close above 0.38……coming losers and haters…. Close doesn’t matter today next week will be the very interesting week….

Stupid people are selling and pay the premium next week to get it back!!!! Lol

Thank you for cheapies!!! People selling and I’m buying now the dip!!!

nkla was a 35 dollar stock 10 months ago...it has tanked ever since...all the way to 41 cents....if it wasnt for a r/s back in June, the pps would be one freakin penny today...

but you want to know if it will tank today?....that is what is important?....

Nkla is has gone bankrupt and you predict a short squeeze?...

GTFOH

Squeeze is coming here. Today or next week. If someone think it will tank before that or it never happens just state so and then we will see who is rookie here or just STFU! I “like” when people comment after fact not before. If you are smartie, say now and we will see later!

Can you just respond without watching the market how NKLA trades? If you are positive that it will tank today just state so! We will see who is rookie here

Just respond to my question and one of us will shut up later on.

Why would want to mess with a company that just filed Bk ? Does not make any sense and you have a better chance playing the lottery

You predict it will tank hard today? Please respond. So we will see who is wrong later on

How is that going for you ? Lol

You don’t think it happens? Do you thin it will tank today?

Nicola already filed BK and you are expecting a short squeeze? HAHAHA

Short squeeze is brewing here… getting ready…

to explain the paper I owned was a bond - and the interest was not in % - but I think 10% after date X if the DOW was over ABC price on that date . These securities did not trade and fit in the category of structured products (not in an annuity)

I was in the profit and 30% above the DOW level that would have made me lose money

But LEHMAN Went under

And I learned the hard way that UNSECURED but SR BONDS are not 100% repaid on 11

Lots of lessons and BIG WINS over 25 or whatever years with small parts of my money (GM Preferred Stock the Day the UNION said it wanted to trade them for immediate cash and give up that % of ownership in the reorg on the table)

maybe the question is

Is NKLA - say mostly debt free - worth more as a whole company or worth more as parts?

Frankly - other then DEBTORS themselves - I am not sure any company or hedge fund could buy NKLA the company as debtors would scream - rightfully

I think someone could organize say the top 5 debtors and work with them to OWN 100% of NKLA via trading debt for equity -------- if such equity is worth more than say 35 cents on the dollar of debt (just a guess as to the cash that selling parts can raise - divided among the top level debtors

I owned derivative products (semi bets on position of dow) that were in the money

Lehman went 11

The products were in essence the same level as UNSECURED but SENIOR DEBT

Over 24 months I got back about 70 cents on the dollar -- little by little

That was SR DEBT ----- equity went to zero

Are you saying that AFTER the 11 FILING (not just a PR if that is all NKLA still is) that its stock traded - as high as $4. Not sure who would buy LEHMAN but owning old equity common shares would not bring a penny if some BIG banks bought it out of 11 ??

igtm - Spot on. There were all sorts of silly buy-out rumors, but there is really nothing left to do except LIQUIDATE.

Bagholders will most likely end up with nothing.

Adding more now.

Tomorrow will be interesting and Monday too. Mark it!

"So may be there is a whisper the stock may not get terminated like Lehman did. but come out of chapter 11"

there was a whisper that musk was going to buy nkla...that caused a huge spike just before they declared bankruptcy...many shareholders were able to get out with a little something...speculators were left holding the bag...

i believe in the filing they already said they were going to break up the company and sell the pieces...my guess is, they already tested the market to see if anyone would offer enough money for the company as a whole...they came to the conclusion that there was far more value selling off the pieces than the company as a whole...and the debt holders will want all they can get...they dont care about nkla as a company...

I remember Lehman brothers - I had bought puts at $15 or so
sold on day of filing at near $0
then bought calls as it bounced for 2-3 days to $4 (may have been higher) as rumors of a buyer went around.

In this case I am not sure except the filing suggest to me there is someone read to buy the debt free company. it only takes may be $500m to get a fully built factory (12,000 a year) well received BEV and FCEV, v2 in progress that is cost competitive (gross profit per vehicle if made in right volume) and national accounts begging to buy more.

So may be there is a whisper the stock may not get terminated like Lehman did. but come out of chapter 11

??

The company has declared (file?) CH11
The company has said it will sell its assets

And the stock continues to trade and today is in the green ?

Are you suggesting that shorts need to "cover" (own the stock they shorted - visibly) ?

That often can be the case at extreme low prices --- but NKLA has declared bankruptcy and I can not imagine anyone ever looking into those who shorted a company that went 11

(or maybe at 45 cents a share - buying to "cover and close" is a cheap insurance policy to avoid any problems - especially for those who shorted at post RS at 25 and 15 and such

YET -- it does baffle me that the stock is trading at all

NKLA squeeze time!!!

Another zero up front

??
so what is next

This is only the beginning of what will be an end

Current stockholders who had 1/3th of their money - now have zero

I do not disagree

Since I got used to this stock - I would like to see CH11 end with a new version of NKLA without debt as the debtholders would not sell of the parts but instead take equity and own a new debt free NKLA

Not saying it will happen
Not saying current equity holders have more than zero
Just saying that is my desired CH11 outcome - as unlikely as it is

To Summarize :

Jack is right. NKLA is liquidating and Shareholders are : SOL.

Nkla has been a big turd circling the bowl for quite a while now…I usually like to daytrade stock when they have big swings like Nkla has been doing lately…but I haven’t touched Nkla because I knew they were going to announce that BK sooner or later without warning…and I didn’t want to touch it…

To summarize my ...

Current Equity worth 0 (and I have no idea who is buying it now at 47 cents and 86 Million Shares (which is sort of the normative outstanding total !!)

NKLA has announced it will sell itself in parts

NKLA is 500MM cash on hand from anything

CH11 belongs to bond holders - who have not converted their bonds to stock and sold that a while ago

CH 11 bond holders may take some of the cash owed to them as THE equity in a new NKLA 2.0 --- but best I understand - if they do not want to do that - then the curtain falls as DEBT is king now

so
I went over to Yahoo Finance and "ratings"
(Harder to find with their new format - but found them)

As of 2-2025 13 analysts had a review

7 BUY
9 HOLD

Seriously ? ------ where all of these companies known for crazy speculation

CH 11 and 7 analysts in FEB said BUY

that is what the news says

Based on today's info and action

if I was a company interested in NKLA - not its parts ---- I would have stayed away until now

That does not mean NKLA with its plant does not become a sub of some company or become owned privately - for a while - by a hedge fund

High odds - nope - but I have seen this before

We - current holders are wiped out