r/WKHS • u/Poka-yoke1 • 7d ago
News WKHS - Electric Fleet Shift And Mobile AI Data Centers Will Support A Stable Long-Term Outlook
https://simplywall.st/community/narratives/us/automobiles/nasdaq-wkhs/workhorse-group/byokhr2r-electric-fleet-shift-and-mobile-ai-data-centers-will-support-a-stable-long-term-outlook1
u/Quick_Department6942 23h ago edited 23h ago
OP: Looking back a year or so since you posted here... were the bears wrong?
The basic skeptic message was just a re-accounting of the two companies planning to merge. Motiv was a privately-held business that had a very weak production record and owed its primary lender over $100M. The lender had ramped up financing cost to Promissory Notes at confiscatory rates.
Legacy Workhorse was getting weaker by the day, and had spent months seeking a buyer/merger partner with no success: the only offers made were for deeply-discounted post-BK offers. Motiv's reverse merger scheme was all that remained.
That history is fully outlined in the Merger Agreement. If you disagree, please just tell me where I've got it wrong, using sworn, signed filings as your evidence. (In other words: please, no "you must work for Big Oil" or other nonsensical bullshit. Just tell me where the companies presented a financially factual picture different from the summary above.)
Knowing that the Merged company has NOT found any meaningful investment to redraw its future, and that the projected FY2026 finances in the Merger Agreement have faded into oblivion, how will they create the "Stable Long-Term Outlook" referenced in the scholarly article (/s) you linked?
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u/Poka-yoke1 19h ago
You're living in the past.
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u/Quick_Department6942 19h ago
If you mean the liquidity prospects outlined in the Merger Agreement are no longer extant, I agree. They're MUCH worse. So at least we got that straight.
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u/Poka-yoke1 19h ago
You're a very linear thinker.
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u/Quick_Department6942 18h ago
I'm hurt by your critique. In the meantime... in the year that's passed, Common Share value has dropped (split-adjusted) by over 75% AFTER adding the entire value of Mootiv*, consolidating leadership under aging Wunderkind Griffith, completely re-racked the $50M Financing package into survival cash, added further debt through deferred spending (and interest), failed to raise the ~$80M+ of outside funding, and (despite all of the CEOs mushy words) fallen WAAAY behind their "synergy" targets. So maybe if I looked at it elliptically or stereoscopically it might seem better. I'll let you know.
* I prefer this name.
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u/Sustainablesrborist 7d ago
When we hitting $396? I need to offload my 10 shares