Well, we might have another electric vehicle maker going bankrupt. Electric vehicle maker Canoe Ticker symbol go EV Just raised 52.5 million dollars by dumping more shares and creating bag holders of their stock. Well, the company has zero revenues and their cash burn every single month is 50 million dollars. That's great because they just raised about one month worth of capital, but they also have bills outstanding that are due within the next 12 months of another 172 million dollars.

And since they're not actually bringing any money in, this stock is on the trend line to bankruptcy.