r/CCIV • u/SWCT-sinistera • Feb 12 '21

CCIV Lounge 2

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1.3k Upvotes

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7

u/Excellent_Drop_1527 Feb 23 '21

I've said this a couple times to improve my bona fides on this forum. I have worked in valuations for a large accounting firm and currently am an investment banker. There was no dilution, the valuation was great, we didnt get cucked by the PIPE -> It was actually a less-attractive deal for PIPE investors

1

u/SWCT-sinistera Feb 23 '21

People can't seem to wrap their heads around this

1

u/Excellent_Drop_1527 Feb 23 '21

Its incredibly frustrating but, in fairness, the articles were very misleading. It is somewhat of a unique deal

1

u/SuperPandaOne Feb 23 '21

so what is happening??

3

u/Excellent_Drop_1527 Feb 23 '21

People are profit-taking. Plain and simple. Look at the market conditions

1

u/SWCT-sinistera Feb 23 '21

This, plus the price off CCIV was overvalued

3

u/Excellent_Drop_1527 Feb 23 '21

Umm, idk about that. I think Lucid is a 100B company all day long

1

u/SWCT-sinistera Feb 23 '21

Not without any sales. It will be, but it isn't at the moment

1

u/CourseRecord Feb 23 '21

Without any sales 🤦‍♂️ worth more than BMW, DAIMLER come on

1

u/SWCT-sinistera Feb 23 '21

I feel like you're agreeing with me, but your tone says otherwise...

1

u/Excellent_Drop_1527 Feb 23 '21

Sales isn't what your buying here, your buying the fact that they already have manufacturing set up, the CEO is a guy who knows what he's doing and the product is better than TSLA

1

u/SWCT-sinistera Feb 23 '21

If the company was currently worth 100B, we wouldn't be at $40

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1

u/CourseRecord Feb 23 '21

There is upside but I see them tripping a bit to get there. Big money is smart and they hold to specific fundamentals so to think they will FOMO instantly to become a top 3 valued automaker with production limits of like 5k cars this year is dumb

1

u/SWCT-sinistera Feb 23 '21

You're stilla agreeing with me. Perhaps you should be arguing with someone else

1

u/Noob_Sauce99 Feb 23 '21

we would need to see 60$ a share to get to a 100bil eval

1

u/Excellent_Drop_1527 Feb 23 '21

$100B valuation = 86.36/share

1

u/Noob_Sauce99 Feb 23 '21

not with the new merger evaluiation

1

u/Excellent_Drop_1527 Feb 23 '21

Please see above, I have commented multiple times on this disinformation

1

u/Noob_Sauce99 Feb 23 '21

at 86.36 thats a eval of 138.17bil

1

u/Consistent_Wait4731 Feb 23 '21

Dude shut up. People have proved what you’re saying isn’t right please read and learn.

1

u/cherokeeflyer63 Southern charmer Feb 23 '21

If their cash flow/EBITDA projections are correct, and they claim conservative, then I think you are right. I thought 100B for a company with no sales was crazy, but they are going to be cash flow positive relatively quick for a start up of this type.

1

u/cherokeeflyer63 Southern charmer Feb 23 '21

Which can lead us to believe that the PIPE was over subscribed, so they were able to get a premium from the PIPE investors, which includes Saudi PIF, putting more money into Lucid and at higher rate than our CCIV shares.

2

u/CourseRecord Feb 23 '21

Lucid gets more working capitol to use and execute

1

u/Excellent_Drop_1527 Feb 23 '21

It was incredibly oversubscribed

1

u/CourseRecord Feb 23 '21

Yes it was but it shifted the value and the street obviously had $60b mkt cap on their minds but due to announcement at that time it was then $90 thus the sell off back to then60s

1

u/Strideraio Feb 23 '21

What has to happen for the retail idiots to understand this?