Breaking NEWS: Lucid Reverse Split Scheduled │ WHY Lucid is RUSHING The RS ⚠️ Missing a KEY Do
Overall Thesis
Lucid rushed the reverse split announcement without filing the required 8K shareholder meeting results—a regulatory red flag—and the speaker believes management is either hiding a deal or seriously misguided about what a reverse split will achieve.
Narratives
After hours news: Lucid announced the reverse split effective date (August 29, trading September 2) without first filing the required 8K documenting shareholder meeting vote results—which the speaker identifies as a NASDAQ regulatory violation indicating extreme urgency. He believes either Lucid has something hidden (a hedge fund deal) or management is seriously misguided in thinking institutions will automatically buy post-split. Shorts increased nearly 16M shares in the last 3-4 days ahead of this announcement.
Key Arguments
- Reverse split effective August 29 (trading Sept 2)—faster than expected
- Lucid announced split before filing required 8K with shareholder meeting vote results—regulatory irregularity
- Shorts increased ~16M shares in last 3-4 days, suggesting they anticipated this announcement
- Speaker's view: reverse split alone won't trigger institutional buying; institutions buy on performance not price
- The rushing of the split suggests it's a top priority—possibly hiding a deal or just misguided
- Squeeze play via new CUSIP dismissed as 'AMC/GameStop mentality'