They will be sorry when Trevor Milton shows off his HTML5 super computer later on...
Hyper Teraflop Machine Learning 5uperComputer?
Well done
I haven't logged in in years, but this was so well done.
GM scales back partnership with electric truck startup Nikola
51–60 of 122 posts
Re: GM scales back partnership with electric truck startup Nikola
#52Re: GM scales back partnership with electric truck startup Nikola
#53Earlier quoted context omitted.
The max upside for these are all less than 3x. I wouldn't call something with >2 years to execute with a max upside of 3x "bank"
You're real damn sure, right? You got another sure shot at 3x over 2 years? There's enough in the order book there for you to turn $30k into $100k.
Rich people have the weirdest hobbies. There are surer, quicker, and much more fulfilling things I could do if I had $30k.
Re: GM scales back partnership with electric truck startup Nikola
#54Trevor Milton invited me to his headquarters to prove his trucks weren't fake. While we were having lunch I asked him about the longtime friend of his (15 years, went to his wedding) who he had framed for extortion. The friend later committed suicide when he got out of jail. This was all happening during the Nikola reverse-IPO process. After a recording of our conversation was posted online, a bunch of women came for…
Can you elaborate on the "framed for extortion"... what is the evidence that Trevor framed him?
Trevor told Jonny Robb to stop posting about his behavior towards women, and in exchange he would give him $500,000. He told Jonny to come and collect $50,000, and that $50,000 would be paid in successive increments as long as he continued not to post. When Jonny arrived to meet Trevor he found that Trevor was with the police and it was a sting operation. He was arrested for extortion and possession of a controlled substance (weed + mushrooms in his car). When he was released from jail he took his own life. It's not 100% certain that Trevor first brought up the idea of a payment to keep him quiet, but that is my belief after talking to Jonny's family and friends as well as listening to Trevor's story in person.
Re: GM scales back partnership with electric truck startup Nikola
#55Trevor Milton invited me to his headquarters to prove his trucks weren't fake. While we were having lunch I asked him about the longtime friend of his (15 years, went to his wedding) who he had framed for extortion. The friend later committed suicide when he got out of jail. This was all happening during the Nikola reverse-IPO process. After a recording of our conversation was posted online, a bunch of women came for…
Just to be clear, did you record this in a jurisdiction that is single-party consent for recording audio?
When we arrived at Nikola headquarters, we were told we could record everything. The idea was to get the word out on social media that the company wasn't a fraud.
Re: GM scales back partnership with electric truck startup Nikola
#56Earlier quoted context omitted.
You're real damn sure, right? You got another sure shot at 3x over 2 years? There's enough in the order book there for you to turn $30k into $100k.
Rich people have the weirdest hobbies. There are surer, quicker, and much more fulfilling things I could do if I had $30k.
Surely that's the most unsurprising thing in the world. I doubt there is a set of things that all currently alive people in the world find "surest, quickest, and most fulfilling".
And I'll set aside the fact that $30k in the Bay isn't rich in any form.
Re: GM scales back partnership with electric truck startup Nikola
#57Earlier quoted context omitted.
I knew NKLA wasn't worth $20 billion, but had no idea, and still have no idea, whether it will be priced at $20 billion.
Well, no company is 'worth' its market cap since you can rarely exchange it for that value in total. But of course the only meaningful notion of absolute 'worth' of something like this is the value as determined by the market. Of course it may not have been worth it to you at the marginal clearing price, but that's because the value to you is a function of the valuer and the thing being valued.
If a guy is selling sandwiches on the street for $1 million and a hungry Jeff Bezos happens to wander by and purchase one, the sandwiches still aren't worth $1 million.
Re: GM scales back partnership with electric truck startup Nikola
#58Earlier quoted context omitted.
Rich people have the weirdest hobbies. There are surer, quicker, and much more fulfilling things I could do if I had $30k.
Surely that's the most unsurprising thing in the world. I doubt there is a set of things that all currently alive people in the world find "surest, quickest, and most fulfilling". And I'll set aside the fact that $30k in the Bay isn't rich in any form.
[deleted]
Re: GM scales back partnership with electric truck startup Nikola
#59NKLA has nothing now, what we're left with is evidence of the new era of 'RobinHood' traders et. al. thinking they're on to something, or not realizing that it's really over, keeping some kind of valuation in place. We may be in a new era of equities, where the unfortunately under-informed masses are able to really move the needle on a lot of stocks, throwing all sorts of value-trading strategies out the window. In t…
GM was also taken in. Either GM corporate is insanely inept or the scam was at least somewhat credible. I am not judging the retail investors too harshly on this as credible organizations gave it a thumbs up too.
From GM's perspective they stood to lose nothing and potentially gain. It didn't matter if the guy was running a scam, might as well give him a shot in case he pulls it off since the buy in is so low (some tech they didn't care about). Oh "what about their reputation" you say? The only people who will know or care about this already have their driveways filled with Model 3s and 4runners and turn up their nose at GM. The real buyers don't care. The big banks, the suppliers, the big corporate entities GM has to deal with don't care either since this doesn't affect GM's perceived trustworthiness to d business with.
Re: GM scales back partnership with electric truck startup Nikola
#60Earlier quoted context omitted.
Can you elaborate on the "framed for extortion"... what is the evidence that Trevor framed him?
Trevor told Jonny Robb to stop posting about his behavior towards women, and in exchange he would give him $500,000. He told Jonny to come and collect $50,000, and that $50,000 would be paid in successive increments as long as he continued not to post. When Jonny arrived to meet Trevor he found that Trevor was with the police and it was a sting operation. He was arrested for extortion and possession of a controlled s…
>Trevor told Jonny Robb to stop posting about his behavior towards women, and in exchange he would give him $500,000.
IANAL, but how is that not entrapment? Or even if it wasn't entrapment, how is it different than signing a NDA/non-disparagement contract?
>possession of a controlled substance (weed + mushrooms in his car)
okay that's just dumb.