Hey this is tom, and you might have noticed that i'm standing behind the white board or in front depends on where you're looking at the reason we're going to use the white board today is because we're talking about trevor milton and nicola about to get interesting so Check this out so after trevor got indicted for fraud securities for basically lying to everybody, including the claim that his badger truck is going to produce drinkable water. That whole thing actually exploded. But we just find out about some interesting stuff that happened before and after the indictment. So, first of all, before the indictment on july 23rd, trevor actually sent over two million of stocks to his wife.

That's kind of interesting right. Could you recover that if you need to, i would assume yes, but i mean it's not that easy. Just ask paul bazarian, it's not that easy, but after he got indicted and after he said well, i'm not guilty, i'm just an optimist. You know what this dude did: he actually sold 77 million of shares, 77 million dollars of shares now those 77 million that he sold days later after saying i'm not guilty, actually was used to pay for the 100 million dollars he posted in bail not to be In jail, hey rhyme, now that in itself should be kind of the poison fruit, because what we have here, ladies and gentlemen, is quite amusing trevor - is actually using the poison fruit from the poison tree, allegedly, the money that was derived out of fraudulent activity, allegedly to Fund his get out of jail card, so this thing was funded by this thing and this thing was by the government's own claims derived out of fraudulent activity.

So should he be allowed to do that? I don't think so, and i'm surprised the doj hasn't really attacked that that's really weird, i believe warren ridley on this channel actually mentioned this and good for him. Actually, a very good point. Now, when warren did his video, we didn't know that he actually sold 77 million of stock right after saying i'm not guilty. We just assumed that this money came from nicola.

This is actually pretty much a painted money kind of situation. So whatever happened to those 77, they went to pay the bail and i don't think that's cool and while trevor was saying well, i'm not guilty. Ladies and gentlemen, nicola actually posted the q2 financials and in those financials we actually found that nicola is actually going broke. Who would have thought unbelievable? Let me show you so in the financials, and you can check me on this - there's 650 million dollars of cash reserves on the club.

This is all the money they have in the world. Now we also found out that there's still a pre-revenue company apart from trevor, who gave them 30 000 to put solar panels on this house. They literally made not a single dollar, so it's pre-revenue company, 650 million dollars so they're not making any money. Now they do waste about 250 million dollars in just the first two quarters.

So if you multiply this by two, then you have 500 million per year, so they're burning through 500 per year. So if you do a little bit of math in the year they're going to be down to 150 million, which would mean they would need to raise cash quick, because that thing is the verge of bankruptcy. Now the problem is, they can't raise any cash, because nobody would lend them any money because they're high risk and they can't really issue any new stock because of the share price being so low. It's in the toilet, they're gon na be diluting the hell out of themselves if they sell stock at eight dollars per share, they're going to be losing control of the company pretty much about roughly eight nine dollars which the stock has they'll have to give a little Discount so somebody's gon na be taking over the company they're going to be giving up a lot so low share price high risk.

I can't see how did you get any money and here's the 77 million dollar question where the hell is the hydrogen? The whole idea of nicola was hydrogen, even they said it themselves after they kicked out trevor. They put out this road map, i'm going to show you what they said. They said they're going to have a hydrogen station collapse, announced by the end of 2020.. That hasn't happened now.

They also said they will break ground on first commercial hydrogen station by q2 2021.. That hasn't happened where the hell is the hydrogen. We have no hydrogen no stations, no production facilities, no collaborations no trucks. The only thing they got is the eveco s way, which they put a battery on pretty much creating it as some new development.

We all have electric trucks right now, that's not the complicated stuff. The whole idea of this company was to solve the idea that electric trucks can't do long haul, where the hell is that nobody's saying worry about that. That's just gone like the nikola one. However, the most interesting part that came out of this entire week is that trevor is still determined to emulate copy and completely imitate elon musk.

He actually hired the same lawyers that defended elon in the 2018 sec little twitter trial that he had about his tweet going public going private, whatever the dude can't stop trying to imitate him. It's a combination of he-man and elon for those of you who are old enough to remember what he-man is any case. I think the nikola story is about to implode. The company is running out of money, no sources of revenue trevor in the toilet.

So it's quite simple: unless trevor gives up a bigger fish, he's going to prison nicola is running out of money. There's no sources of income they're measly 25 trucks by the end of the year that nobody wants are not going to save them. It's a big problem not to mention that i'm still waiting for the sec and the doj to talk to the current managers of the company, nicolas about their involvement with everything that trevor has been doing, because they either were extremely negligent to not notice what trevor was Doing or they were internet in any option they shouldn't be sitting on the board and in the management of a public company. Just my thought might be inaccurate might be wrong, might be the ramblings of amendment.

Thank you. So much for joining me. Do your own research, allegedly blah blah blah and as always, don't click, nothing, that's much. Nothing don't buy nothing.

There's no affiliate links, no courses. No nothing just enjoy this video and i'll see you tomorrow.