AMV balance sheets, income statements, and cash flow statements data Only in America, right? However, as AMV attempts to transition from a Main Street to a Wall Street investor base they will need to develop a new and sophisticated capitalization strategy to be successful, which in my view will be a heavy lift.
Atlis has also engaged the services of and this attention-getting headline "StartEngine Retail Investors See 137,000% Return After Atlis Motors AMV) IPO" will increase interest in the site and make Shark Tank's Kevin ("Mr. The above offering circular indicates that AMV has focused on unsophisticated investors, many of whom patronize 24/7/365 and post such drivel that AMV is the " Best non-Chinese IPO!" This level of hyperbole is reminiscent of infomercial king Ron Popeil and his trademark mantra "But wait, there's more!" And there is more. Nanalyze has bluntly stated that Regulation A and equity crowdfunding securities offerings should be avoided like the plague because "they're a funding option for firms that institutional investors don't want any part of." I second that motion in a New York minute. The SEC has warned investors about the risks of investing in Regulation A securities offerings and advised investors to be aware of investment research websites or articles that seem to provide unbiased commentary on stocks, as they may be a part of an undisclosed paid stock promotion. Based on AMV's recent trading pattern, I believe that continued downside price pressure is on the horizon. The 10/6/22 volume of 5,733,600 was 2,130% higher than its average daily volume of 269,200 prior to 10/6/22 which is strong evidence of day-trading activity. In my view, AMV suffered reputational damage as a result of this gaffe which may trigger SEC scrutiny and/or a shareholder lawsuit. Although Atlis CEO Mark Hanchett recently apologized to "about 20,000" AMV investors, I believe that this will be of little solace to those who incurred a financial loss because of this debacle. Prior to 10/6/22 AMV was thinly-traded, due at least in part to issues some shareholders experienced in trying to dispose of their shares. The high/low price range of $243.99/$12.05 as of 10/7/22 underscores the extreme volatility of this speculative stock. Source: Company Stock performanceĪs the above chart shows, AMV's stock price has mimicked a roller coaster ride since it began trading on the NASDAQ stock exchange on 9/27/22 via a Regulation A filing. To meet the towing and payload capabilities of legacy diesel-powered vehicles, ATLIS has developed proprietary battery technology and a modular system architecture capable of scaling to meet the specific needs of the all-electric vehicle. The Company is working toward production of an electric vehicle technology platform for heavy and light duty work trucks for individual and fleet use in agriculture, service, utility, and construction industries, amongst others. ATLIS is a vertically integrated, mobility technology company developing products that will power work. ( NASDAQ: AMV) was formed as a Delaware corporation on 11/9/16 and is based in Mesa, Arizona.
JHVEPhoto/iStock Editorial via Getty Images About Atlis Motor VehiclesĪTLIS Motor Vehicles, Inc. The NASDAQ Stock Exchange headquarters in New York,
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