Canoo Inc (PK) (GOEVQ) 뉴스

$GOEVQ Bankrupt garbage. The management suck. After the reverse split it collapsed.

Nope. Look again.

I hate to have to tell you but GOEVQ is going UP right now - not down. Better cover your shorts.

BWAHAHAHA!!!

GOEVQ is dead in the water. Right to Chapter 7. Couldn't even muster a Chapter 11.

Chapter 7, too, so the stock is dead. Was over $15 (probably split adjusted) 3 months ago.

GOEV changed to GOEVQ, bankwuptcy. Delisted from the Nasdaq to the OTC. ***pps closed at .34 on ~6.3 million volume.

https://otce.finra.org/otce/dailyList?viewType=Additions

Then sell your shares and/or warrants (if you even have any) and then just move on.

Nope. Going down. Stop lying.

Going UP - Just the beginning - Stay tuned.

OTC - Stay tuned.

GOEV has a de-listing notice. Expects to stop trading January 29th.

8K
https://www.sec.gov/ix?doc=/Archives/edgar/data/1750153/000162828025002459/goev-20250124.htm

On January 22, 2025, the Company received a letter from the staff of the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that the Staff has determined that the Company’s securities will be delisted from Nasdaq based on the following factors:

•The Company’s filing for protection under Chapter 7 of the U.S. Bankruptcy Code on January 17, 2025 (the “Filing”) and public interest concerns raised by it;
•Concerns regarding the residual equity interest of the existing listed securities holders; and
•Concerns about the Company’s ability to sustain compliance with all requirements for continued listing on The Nasdaq Stock Market.

The Company does not intend to appeal the Staff’s determination, given the commencement of the bankruptcy proceedings. Therefore, the Company anticipates that trading in the Company’s common stock will be suspended at the opening of business on January 29, 2025, and subsequently delisted from Nasdaq, as indicated in the Staff’s letter.

Not necessarily. GOEV still has a lot of very valuable and very salable technological and physical assets. Stay Tuned.

BANKRUPT. Chapter 7 liquidation.

The stock will be wiped out, and shareholders will receive nothing.

https://finance.yahoo.com/news/canoo-inc-announces-chapter-7-011500409.html

$GOEV is the next $MULN $ALYI / Canoo Inc Stock Probability Of Bankruptcy - $GOEV https://www.macroaxis.com/invest/ratio/GOEV/Probability-Of-Bankruptcy

REVERSE SPLIT

GOEV, new 52=week low

Canoo to begin auctioning off equipment.

Fully expect this to tank and expect to see a 'for sale' sign on the facility.
Trump will probably slam the door on postal EV's anyway.

https://www.oklahoman.com/story/business/local/2025/01/03/canoo-electric-vehicles-auction-engineer-manufacturing-equipment/77353041007/

IMHO, trading action indicates more down coming. Not liking what I see. Maybe sub dollar coming. TWT. HAWK

From the Dec. 20 8k disclosing the 1:20 stock split, they also included the following:

"As previously disclosed, on November 5, 2024, the “Company entered into a Revolving Credit Facility Agreement and related Security Agreement for up to $12 million (the “Secured WC Facility”) with an entity affiliated with Mr. Tony Aquila, the Company’s Chief Executive Officer and Executive Chair, AFV Management Advisors, LLC (“AFV”).

On December 18, 2024, in consideration of a discretionary advance of $2.5 million under the Secured WC Facility, the Company and AFV agreed to amend the collateral package associated with the Secured WC Facility to include substantially all of the assets at the Company’s Pryor, OK location as collateral for the facility.

On December 20, 2024, the Company announced that it would be temporarily idling its Oklahoma City and Pryor manufacturing facilities in Oklahoma, resulting in the furloughing of 87 employees for a twelve week period. The Company is also furloughing an additional 13 employees throughout its other locations."

Don't recall these details being disclosed previously....

HUGE potential here "IF" they get their act together. I am worried that tariffs could hurt the entire EV, electrification industry. HAWK

The company needs, at least, a few hundred million to go onto production.At this point, anyone that lends to them will have to oversee how the money is spent.

If shares are issued, whoever gets them will pretty much own the company.

Agree, they should have raised when they had the hype

if any type of lender did serious DD Id be shocked if they got lent any significant money

IS THIS STOCK A SCAM OR WHAT??? I WANT THE TRUTH!!!

What's crazy is, they didn't take the opportunity to raise a billion or 5 back when they had that huge valuation (near 60 billion).

I wouldn't be betting on the company succeeding. I'd be betting that they find funding in the next year to start up production. Starting production should spike the share price, at least temporarily.

after watching the entire News report video

its pretty obvious whats happening, its just sad for shareholders🤕

and there are many more on YT

https://x.com/chacha72kobe4er/status/1869779733736751538

$572 all time high, even split adjusted is crazy
https://x.com/THIS_TIME_X/status/1869893709073961001

I read that article this morning. I don't know how true it is. But, considering where the company is currently, I'm inclined to believe it.

I'm not going to buy any more shares. I am considering buying Jan 2025/26 call options if I can get them for a penny or two.

new lows, lower lows, and all time lows $GOEV https://x.com/chacha72kobe4er/status/1869779733736751538

From Dec. 13 filing from Dec. 9:

"On December 13, 2024, the Company announced that it was temporarily reducing its workforce by furloughing an additional 10 additional employees today resulting in a total of 50 non-essential employees over the last 90 days at its Justin, TX facility. These furloughs, in addition to our previously disclosed furloughs at our Oklahoma City location and Employee Reorganization Plan, are part of the Company's ongoing efforts to reduce costs and conserve cash resources while focusing on core operations.

As described in our Quarterly Report on Form 10-Q filed on November 14, 2024, we operate in a capital-intensive industry which requires significant cash to fund our operations and we will need to raise substantial additional capital to fund operations through the end of 2024 to continue operations. While we are in active discussions regarding additional financing, these or other furloughs could have unintended consequences, and if we are unsuccessful in obtaining additional funds on commercially reasonable terms or at all, or are unsuccessful in reaching agreements with existing vendors on disputed amounts, we likely be unable to satisfy our obligations and may become subject to further litigation or insolvency proceedings. Any of the foregoing would likely have a material adverse effect on the Company's liquidity, financial condition and results of operations, and may render the Company insolvent and unable to sustain its operations and continue as a going concern, which could result in the loss of all of your investment in our stock."

The Washington Post

https://www.msn.com/en-us/news/us/the-postal-service-s-electric-mail-trucks-are-way-behind-schedule/ar-AA1vJl0X?ocid=msedgntp&pc=DCTS&cvid=dd4451bcbeb94598bb27bb4b9e47129f&ei=90

The Postal Service’s electric mail trucks are way behind schedule

far down in the article is a reference to CANOO

""As early as 2022, postal leaders and some of DeJoy’s advisers pushed him to move the agency away from Oshkosh, citing potential legal problems with the contract and the hefty environmental footprint of the gas-powered trucks. .

Some postal leaders have privately renewed those calls because of Oshkosh’s delays, according to two people familiar with the conversations. And the agency has appeared willing to consider alternatives. In 2022, it tested EVs made by a General Motors subsidiary, and in January, it agreed to try out electric delivery vehicles from start-up Canoo."

It's looking like 1 billion shares will be traded today.

Nothing will happen, unless the company starts production. If the company had produced even ten vehicles to start filling their Walmart order, the stock price would be fine, raising money would not be a problem.

The company hasn't been producing vehicles. They concentrated on getting more orders. The company is running out of money and the share price is dropping. Last year's reverse split cut my appetite for shares. It's probably the same for others. I doubt the company will wait long to do another reverse split, sell shares, and pass out bonus shares to management and employees.

UK possibilities might be more likely to happen before USPS.

Yeah. I tend to think Trump not would do that. It would open the bidding process again and delay the Post Office from getting (much needed) new vehicles. EVs are good for the type of driving most postal workers do.

Edit
I think the thing hurting GOEV the most is the lack of production (and the late notice that the company would miss Q3 forecasts).

On Bloomberg last week. Guest said Trump is going to reverse Biden's order to "electrify" USPS fleet. ICE vehicles on my rural route are belching blue smoke like crazy. GOEV had hoped for an order of 10K plus. We shall see. HAWK

The share price is below a dollar. The SEC sent a de listing notice last week (still 180 minus a few days, until necessary). The shareholders (somehow) voted yesterday for managements ability to do a reverse split. And, the company still doesn't appear to be producing vans to fill orders.

What is the reason this company's stock keeps going down beyond it being a startup and struggling to scale and make a profit, like most companies in the EV sector? Is there news of dilution, reverse split, etc.?

Good Luck

Reuters: "Exclusive-Trump may cancel US Postal Service electric mail truck contract, sources say"

Probably why the major down yesterday and today - in addition to the vote expected today....

Canoo will have it's Stockholders meeting tomorrow. Stock price doesn't anticipate any good news.

Stock price on 11/22 when the Annual Meeting was originally scheduled but then postponed was ~0.45. It's currently ~0.34, a decrease of ~ 25% over the last two weeks.

HC Wainwright & Co. Maintains Buy on Canoo, Lowers Price Target to $2

Agree, now they can just get a certified welder! I’m in the industry. I can recommend someone.Lol

"IF" they get a handle on things, mostly production, next year could be a breakout year for them. "IF" so then the pps is vastly undervalued. HAWK

Canoo Q3 Earnings: Revenue Miss, EPS Beat, Continued Operations Consolidation And More
Benzinga
34 mins ago
Canoo Inc (GOEV.NaE) reported third-quarter financial results after the market close on Wednesday. Here’s a rundown of the EV maker’s report.

Q3 Revenue: $891,000, versus estimates of $2.11 million
Q3 Adjusted EPS: Loss of 54 cents, versus estimates for a loss of 77 cents
Canoo (GOEV.NaE) reported a quarterly cash outflow of $31.3 million, down 20.7% from the second quarter and down 58.6% on a year-over-year basis. The company ended the quarter with $16 million in cash, cash equivalents and restricted cash.

“While we focus on our core markets we must continue to take aggressive actions to consolidate our operations, reduce costs, and catch-up to our plan. This starts from the top led by a committed executive team, which is willing to take short-term pay cuts for long-term incentives and believes in the value we create for our customers, associates and shareholders,” said Tony Aquila, executive chairman and CEO of Canoo (GOEV.NaE).

“This will continue to be a difficult and critical period as we do everything we can to get the capital in place, bring jobs back online, and get back on track with our step-level manufacturing plan.”

Outlook: Canoo (GOEV.NaE) expects fourth-quarter cash outflow to be between $30 million and $40 million. The company anticipates a fourth-quarter adjusted EBITDA loss of 30 million to $35 million, versus a loss of $38 million in the third quarter.

The company noted the consolidation of its operations from California to Texas and Oklahoma is expected to result in estimated future savings of approximately $12 million to $14 million per year.

Canoo Q3 2024 Adj EPS $(0.54) Beats $(0.77) Estimate, Sales $891.00K Miss $2.11M Estimate
Benzinga
9 mins ago
Canoo (GOEV.NaE) reported quarterly losses of $(0.54) per share which beat the analyst consensus estimate of $(0.77) by 29.87 percent. This is a 68.42 percent increase over losses of $(1.71) per share from the same period last year. The company reported quarterly sales of $891.00 thousand which missed the analyst consensus estimate of $2.11 million by 57.82 percent. This is a 71.68 percent increase over sales of $519.00 thousand the same period last year.

GOEV...7432...🥳...All out today from my .55 buys...hit .85 in the P/M...and .75 today...will watch for another entry...

georgie18

Member Level
Re: georgie18 post# 664541

Tuesday, November 12, 2024 10:32:48 AM

Post#
664584
of 664672
GOEV...69s off the .60 range dip...Hit 85s in the P/M...🥳

georgie18

Member Level
Re: georgie18 post# 1116

Tuesday, November 12, 2024 8:58:04 AM

Post#
1117
of 1117
GOEV...80s hitting here with 400,000 Bidder hiding at .7938...🥳

GOEV...76s clearing here off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1111

Monday, November 11, 2024 5:24:13 PM

Post#
1112
of 1115
GOEV...71s clearing here ...🥳...off my 55 range alert...

georgie18

Member Level
Re: georgie18 post# 664460

Monday, November 11, 2024 3:14:38 PM

Post#
664484
of 664504
GOEV...6554...HOD...Off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1109

Monday, November 11, 2024 2:24:13 PM

Post#
1110
of 1110
GOEV...619...Psar flipped Bullish here...🥳

georgie18

Member Level
Re: georgie18 post# 664351

Monday, November 11, 2024 9:32:55 AM

Post#
664377
of 664460
GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...

Canoo tested its electric delivery vans for Walmart without airbags despite employees raising red flags, sources say

https://fortune.com/2024/11/12/canoo-electric-delivery-vans-walmart-no-airbags/

GOEV...69s off the .60 range dip...Hit 85s in the P/M...🥳

georgie18

Member Level
Re: georgie18 post# 1116

Tuesday, November 12, 2024 8:58:04 AM

Post#
1117
of 1117
GOEV...80s hitting here with 400,000 Bidder hiding at .7938...🥳

GOEV...76s clearing here off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1111

Monday, November 11, 2024 5:24:13 PM

Post#
1112
of 1115
GOEV...71s clearing here ...🥳...off my 55 range alert...

georgie18

Member Level
Re: georgie18 post# 664460

Monday, November 11, 2024 3:14:38 PM

Post#
664484
of 664504
GOEV...6554...HOD...Off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1109

Monday, November 11, 2024 2:24:13 PM

Post#
1110
of 1110
GOEV...619...Psar flipped Bullish here...🥳

georgie18

Member Level
Re: georgie18 post# 664351

Monday, November 11, 2024 9:32:55 AM

Post#
664377
of 664460
GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...

GOEV...80s hitting here with 400,000 Bidder hiding at .7938...🥳

GOEV...76s clearing here off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1111

Monday, November 11, 2024 5:24:13 PM

Post#
1112
of 1115
GOEV...71s clearing here ...🥳...off my 55 range alert...

georgie18

Member Level
Re: georgie18 post# 664460

Monday, November 11, 2024 3:14:38 PM

Post#
664484
of 664504
GOEV...6554...HOD...Off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1109

Monday, November 11, 2024 2:24:13 PM

Post#
1110
of 1110
GOEV...619...Psar flipped Bullish here...🥳

georgie18

Member Level
Re: georgie18 post# 664351

Monday, November 11, 2024 9:32:55 AM

Post#
664377
of 664460
GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...

GOEV...76s clearing here off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1111

Monday, November 11, 2024 5:24:13 PM

Post#
1112
of 1115
GOEV...71s clearing here ...🥳...off my 55 range alert...

georgie18

Member Level
Re: georgie18 post# 664460

Monday, November 11, 2024 3:14:38 PM

Post#
664484
of 664504
GOEV...6554...HOD...Off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1109

Monday, November 11, 2024 2:24:13 PM

Post#
1110
of 1110
GOEV...619...Psar flipped Bullish here...🥳

georgie18

Member Level
Re: georgie18 post# 664351

Monday, November 11, 2024 9:32:55 AM

Post#
664377
of 664460
GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...

My chart indicators had it way into oversold territory. This run could take it to $2 plus range. Just my take. HAWK

It’s a chert play for me…that’s what 90% of what I buy are…🥳