I think I finally figured out Trevor Milton's plan to cash out his Nikola (NKLA) shares before it crashes. I think he is using a loophole in the law to avoid reporting sales via the use of an LLC owned by his father. Let me know what you think in the comments.
Become a channel member to get access to members only feed and videos:
https://www.youtube.com/channel/UCJwKCyEIFHwUOPQQ-4kC1Zw/join
👏👏👏 Big shout out to our growing list of Patreons: Mark Dixon, Daniel Johnson, Stephen Barnes, Sheri Morgan, SC, Survive R, Joel Peterson, Daniel, Rob Goddard, Andrew Wilson, Danny Goff, Chris Houston, Dayyan and Daniel Gordon, for making this video possible! For those of you want (and can) support our channel, here is how you can help: https://www.patreon.com/user?u=13016082
This is strictly my opinion, so do your own research and make up your own mind.
Become a channel member to get access to members only feed and videos:
https://www.youtube.com/channel/UCJwKCyEIFHwUOPQQ-4kC1Zw/join
👏👏👏 Big shout out to our growing list of Patreons: Mark Dixon, Daniel Johnson, Stephen Barnes, Sheri Morgan, SC, Survive R, Joel Peterson, Daniel, Rob Goddard, Andrew Wilson, Danny Goff, Chris Houston, Dayyan and Daniel Gordon, for making this video possible! For those of you want (and can) support our channel, here is how you can help: https://www.patreon.com/user?u=13016082
This is strictly my opinion, so do your own research and make up your own mind.
It sounds like Trevor really did his homework on how to scam at high levels. Next, we'll hear how "fully functional" doesn't mean fully functional in a courtroom. It was a fully functional non-powered truck.
55 members of the Milton family downvoted this video
YouTube is where the Idiocracy goes to learn right from left. Just remember electrolytes
There's a much more efficient way that he could do this, as Nikola is a publically listed company that has substantial investment, he can take advantage of existing off-ramps that don't require disclosure, primarily security backed lines of credit. This is where he gets a line of credit against his shares at a percentage rate (i.e. if he has $100,000 in stock then he gets a line of $75,000). Most large banks will allow single collateral loans where there is no personal guarantee, and the securities are the only asset backing the line. He can continually re-up the line as he maxes his amounts, and essentially just wait until Nikola's price drop under the liquidation rate set by the bank, at which point things would be reported, but not the same way as a direct sale, it would essentially make him liquid immediately without anyone knowing until the Nikola price drops below a certain rate.
It is much easier than that – If you know someone who owns a lot of shares but cannot sell them now that the price is way too high, but would love to "share" 😉 the profits later, it is a no brainer to short the hell out of the stock. You can cover later using the other guys shares.
In a surprising turn of events, Tesla (TSLA) now claims Nikola (NKLA) stole its truck design from Rimac’s designer in an update to its patent lawsuit update.
Down 25% today at this rate there will be nothing to sell by Dec. I suspect his only way out is to hedge his locked up shares by shorting this turd.
Won’t make it to December. Can’t believe shares are still $30 (or more to the point that NKLA > 1B)!
Nikola: Our trucks and stocks are fully functional. They both roll down well.
Thank you for info
He just quit
Looks like stock is going up tomorrow 🤣😆🤣
i suspect that Trevor Milton would very much like to cash in all his shares in Nikola. No doubt he will have plenty of lawyers advising him how to do this…. But I seem to remember that Nikola was sold to gullible shareholders at the IPO for 14 billion dollars. Most of that cash is still in the company – with the exception of some tens of millions that Milton has probably already used to pay himself. One way or another Milton probably intends to stash away enough money to keep himself comfortable if he is sent to jail….
Suckers are born everyday. I dare NOT to buy Tesla and Nikola.
Have you seen NKLA chart? Classic bubble.
It'll be delisted most likely by November, 2 months after Battery Day.
It's most likely a Theranos and an Elizabeth Holmes (I wish they would use their power to convinced even GM, for good). He'll most likely sell and buy Bitcoins, so it can't be traced. There's so many excuses, no actual working product that's shown live.
God bless, Revelation 21:4
Usually in these situations people load up on puts and the opposite happens im not a nkla bull by any means but just watch out
Nikola puts army baby !!!!
I believe Trevor Milton's father is Bill Milton. Idk who William Is, but very good insight.
Okay. – Investors are focusing too much on Nikola Corp's past and ignoring its future at the frontier of alternative fuels .
I'll take loos for now but won't be selling my Shares. Won't let people run with my money.
Few People gave the company any chance. How great investing is usually about going against the conventional wisdow. The Amazing businesses are not always obvios.. I have a vision of the future where the world going and Nikola's have a product ten or even a hundred times better than existing products .
Nice detective work, excellent analysis.
Trevor Milton mastered the Chinese business playbook, he could teach MBA courses in Hong Kong purely on instincts
Trevor Milton is just like one of those sign language translator that doesn’t actually know sign language, they just pretend and make shit up…. HES NUTS
Trevor should be in prison right now. With!
I was looking for a investment in these uncertain times.
If Tom Nash's NKLA story plays out as true, I will have found a place to invest, as a Patreon to Tom Nash.
— Segue —
I am tracking the news sources on my Rogues gallery, those news sources that continue to pump NKLA through these revelations.