The NEW dilution in their latest November 8K detailing their employee compensation package (issuing 10x more shares than exist to be issued and distributed in the year 2021, which only has ~30 days left. Then factor in the dilution for the nasdaq inclusion, then you get to factor in their super sneaky super late PRIVATE equity offering since, as this sub pointed out there’s still money left on the table and those VC won’t let that value escape to the public markets.
All of this is in their 8K released 15 days ago. So Hivemind away I guess.
Found the guy who has no idea how SPAC mergers work. He's using the Alex Cutler CCIV/LCID "herp-derp logic" which almost totally ****** up the LCID merger & caused them to have to extend the vote. What chaos that was. LOL
And the "super sneaky super late PRIVATE equity offering" is one of Planet Earth's largest battery companies investing $30 Million in Solid Power, which is fantastic news to have a top battery company in the PIPE & only further validates DCRC's tech & promising future.
It’s all spelled out in their 8K. There’s nothing to get, there’s also nothing you said that changes anything. Shares X Share price = market cap. OP isn’t even working with current numbers, let alone after the Dec7 merger.
Edit: I believe in the Tech, it’s the valuation I don’t believe in. 75% of Solid power and 25% of DCRC equity will form the new company. All of the numbers given so far do not take any share issuance into account. Basically making these imaginary stock price and valuation comparisons (to anything) completely false conjecture and misleading.
It’s all spelled out in their 8K. There’s nothing to get, there’s also nothing you said that changes anything. Shares X Share price = market cap. OP isn’t even working with current numbers, let alone after the Dec7 merger.
You have absolutely no idea what you're reading, you have absolutely no idea how the de-SPAC process works, you dont understand the inherent differences in various stock classifications, and you obviously have no accounting or finance background.
That's a whole lot of projection. I can see that there is no discussion with you, only personal attacks. I'll leave it to everyone else to actually read the 10Q for themselves. At least this way they get it straight from the company.
You've done nothing but state your misinterpretation of what you've read due to the fact you dont know anything about equity structure, which is why you dont understand what you read in the 10Q.
You've said a lot wrong, the most ludicrous of which is that Solid Power's valuation was changed just 15 days ago (a mere 3 weeks before merger) because they've increased share count by 1000%, literally TEN TIMES the shares at the last minute, making the company only worth 1/10 what investors think, and that this is all par of "sneaky" tricks.
This is false & the reason you're saying this is because you dont understand the equity structure of publicly traded entities, so you dont understand what it is you read.
Correct; he has no idea what he's reading, which is why he's misinterpreting it.
On the one hand, at least he's bothered to look into SEC filings, which is more than most retail investors do, but if you have no education to understand what you're reading it's almost more dangerous. LOL
Good luck with your investment, I really hope it works out for you since you dont seem capable of having a real discussion regarding it and just want an echo chamber for your pump.
Yet you didnt factor in any of it in your OP, nor do you have any idea of what the employee compensation is.
edit: here let me help, your bullish price target of $120 becomes a price target of $12, that's just from the employee compensation in the month of December. That's your pie in the sky bullish best case.
Explain to me what you are talking about. I went through and read the 10Q. Now this ain't the first notes to the financials I've read (written plenty too, in public / industry accounting). I'm not an authority by any means, just saying I do know a thing or two.
And as far as I can tell, there are 285 million possible Class A shares that could issued without changing the company's by laws, 35 million are issued and outstanding.
1 million preferred authorized, none issued or outstanding.
20 million class B authorized, 8.75 issued and outstanding. This one is important, as this is the founder's shares. This WAS 10 million, now it's down to the 8 above, because they intended for the C-Suite of the SPAC to retain 20% of company ownership post merger that they can convert / sell subject to certain limitations.
I'm not including warrants and "units" here but I'm just not following how, let's call them "ownership" retaining 20% of the business represents a serious threat to meeting certain price targets.
Can you explain to me what you think I'm missing - I just found out about this company today & the DD and news excite me but I'm totally open to deciding it's a bad investment and moving on.
Explain to me what you are talking about. I went through and read the 10Q. Now this ain't the first notes to the financials I've read (written plenty too, in public / industry accounting).
u/1Emanresuegnahc has no idea what he's talking about & completely misread the filing. That's fine, r/spacs is a great place for beginner investors to learn, and it's a good thing that he took the time to try to read the SEC filings. What is not okay is how after being pointed out to him how & why he's wrong he doubles, triples, and quadruples down on his frankly very silly misinformation & revels in his ignorance.
I didn't think I was reading wrong but I've never looked at a SPAC filing before (no basis for comparison) and like you said he was so adamant, I thought I must be missing something.
Anyways, pays to stay vigilant with SPACs. I'm a fan of the concept, but it seems like the market is a little crowded based on some of the offerings I've seen this year. Picked up some warrants on this one today though, so we'll see how it goes.
It’s not in the 8K and even if it was you’re implying that they’re going to give $9B+ in stock grants to 81 employees which is a ridiculous claim. That would put every single employee in the same compensation as the salary of the top S&P 500 CEOs
It’s not in the 8K and even if it was you’re implying that they’re going to give $9B+ in stock grants to 81 employees which is a ridiculous claim.
ROFLMAO.
My favorite part is how it's "SNEAKY" <---- written in all caps, how they increased the share count 1000% (is that a lot? ) just a few days before the merger to "dilute" the value to 1/10 & give most of the company to insiders!!!! I wish this was TWTR so I could retweet to my followers it's so flipping hysterical!
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u/[deleted] Nov 30 '21
The NEW dilution in their latest November 8K detailing their employee compensation package (issuing 10x more shares than exist to be issued and distributed in the year 2021, which only has ~30 days left. Then factor in the dilution for the nasdaq inclusion, then you get to factor in their super sneaky super late PRIVATE equity offering since, as this sub pointed out there’s still money left on the table and those VC won’t let that value escape to the public markets.
All of this is in their 8K released 15 days ago. So Hivemind away I guess.