bwrbad
7 months ago
most elite bogus Iranian LIDAR company out there to rob its investors/ shareholders.
everyone lost share count by 5x but these fraud star insiders retained all their shares without R/S adjusted
DARDASHTI SOROUSH SALEHIAN
Chief Executive Officer
27,955,300
REZK MINA
Chief Technology Officer
47,887,500
SIMONIAN HRACH
18,723,400
bwrbad
9 months ago
my holding reduced to 1/5 but
post split insider holding still remained same:
DARDASHTI SOROUSH SALEHIAN
Chief Executive Officer
27,955,30
I
REZK MINA
Chief Technology Officer
47,887,500
SIMONIAN HRACH
Director
18,723,40
bwrbad
12 months ago
R they doing R/S if yes is it 1 for 2, 1 for 10, or 1 for 30
second how many new shares are they issuing post R/S, all 440M or less. AEVA need to be forthcoming. They are below $ since September 7th and trying hard to take above $1 but it is difficult till March? without R?S. Anyway 1 for 2 or 1 for 4 may be good. They are supposed to tell that on the week of 18th after the meeting but they did not. They did spend so much money in compensation and filing so many patents those do not have edge, most are west of money and will expire useless. other newcomers surpassing them fast with superior technology, appl most likely not considering them.
bwrbad
1 year ago
Was am I missing.
Form DEF 14A Aeva Technologies, Inc. For: Dec 18
Till October 19, 2023, a total of 223,309,007 shares of our common stock were issued and outstanding and no shares were held in treasury. ( now that number is 260.7M, how that happened?)
AEVA Board has determined that it is in the best interests of Aeva and AEVA stockholders to consider a R/S of common stock within a range of 1-for-2 to 1-for-30, as determined by our Board at a later date, in order to reduce the number of shares of common stock outstanding. (seems like R/S may take place on the week of Dec 18 immediately after board meeting).
AEVA cannot assure that the proposed Reverse Stock Split will increase stock price.
Number of Shares of Common Stock Issued and Outstanding After 1 for 30 Reverse Stock Split 223,309,007 shares become 8,670,376. Number of Shares of Common Stock Authorized and Available for Issuance immediately after R/S Reverse Stock Split: 410,546,233.. ( In other words, not just 30 fold reduction in individual holding of shares from R/S, but another 50-fold flooding of new shares on top. More precisely current 100 shares will become 3.33 share and after 50 fold dilution pressure on each post R/S shares the valuation of each share becomes 30* (50c to 60c)/50.
So for current retail holders the AEVA investment equity is vanishing, no escape route.