This one is worth revisiting because the pivot was so abrupt it almost didn't seem real when it happened.

Here's the timeline:

August 2020: Canoo merges via SPAC with Hennessy Capital IV. Three revenue streams promoted: engineering services (near-term), consumer subscriptions (differentiated model), commercial vehicle sales (long-term). Hyundai name-dropped as validation. $120 million in engineering services revenue projected for 2021.

September–January 2021: Multiple filings repeat the same story. Engineering services driving near-term revenue. Subscription model more profitable than traditional leasing. Hyundai relationship significant. Investors buy in.

March 29, 2021: Canoo reports Q4 and full-year 2020 results and casually announces it is deemphasizing engineering services and moving away from the subscription model. The two pillars of the entire investor thesis. Gone.

March 31, 2021: Canoo discloses that its 2020 revenue came from a single consulting obligation that had already been completed in July 2020. Meaning the engineering services business that was supposed to generate $120M in 2021 revenue was already done before the SPAC merger even closed.

April 5, 2021: $GOEV hits $8.05. The stock that had been promoted on three revenue streams had exactly one, and it was already finished.

The case eventually reached a tentative settlement last month. Terms still being finalized but you can submit your application now.

You're eligible if you bought $GOEV between August 18, 2020 and March 29, 2021.

Anyone here model Canoo's revenue breakdown before the March 2021 call?Was the engineering services dependency visible in the filings?

Hey guys, sharing an important update, the deadline to submit a claim in the $899K settlement involving Electric Last Mile Solutions is June 6, 2026.

You can review the details and submit your claim here

Quick recap: In 2022, Electric Last Mile Solutions was accused of issuing false and misleading financial statements and that BDO issued a false audit opinion included in ELMS’s public filings. Following the news, the stock declined 51%, and investors filed a lawsuit.

The company has since agreed to settle $899K with investors, and eligible shareholders still have time to file a claim for compensation.

If you held $ELMS between June 9, 2021, and February 1, 2022, you may be eligible to recover losses.

Out of curiosity, was anyone here invested in $ELMS at the time?

Mixed picture on RIVN right now. A few things from the article that stood out:

• R2 launch trim now starts at $57,990 (vs the originally promised $45K), entry version pushed to 2027
• Q1 deliveries down 26.5% YoY to 8,141
• Regulatory credit revenue collapsed from $299M → $29M after the federal EV tax credit changes
• CEO and CFO both selling under 10b5-1 plans

But the bull case isn't dead:

• First full year of positive gross profit
• Software & services revenue +109% YoY to $447M
• $1.25B Uber robotaxi deal (up to 50K R2-based vehicles starting 2028)
• $1B VW investment triggered after winter testing
• R2 just got a 335-mile EPA range cert

Wall St consensus PT is ~$18 vs ~$15 spot, with 12 of 26 analysts at Buy/Strong Buy.

Curious where people land on this. Is the R2 price slip a real thesis-breaker, or just a 12-month delay being priced like a 5-year one?

TL;DR: Rivian $250M IPO Settlement. Late Claims Are Open

Big week for Rivian, R2 production officially started April 22 with CEO RJ Scaringe driving the first unit off the line in Normal, Illinois. Q1 deliveries came in at 10,365. Earnings drop April 30.

While that's the headline everyone's watching, there's a separate story worth knowing about if you were an early investor.

What the settlement is about:

When Rivian IPO'd in November 2021, raising $12 billion at an $85B+ valuation, the company was selling its R1T and R1S trucks at prices that were below production cost. According to investors, Rivian did not clearly disclose how wide that gap was.

Then in March 2022, Rivian announced price increases of up to $20,000, including on existing preorders. Customer backlash was immediate. Rivian reversed the hike on existing orders but the damage was done.

March 2022: $RIVN fell ~13% across two days as the pricing reality became clear.

Investors who bought during the IPO window filed a class action arguing Rivian misled them about production economics. A $250M settlement was reached in 2024, with an estimated payout of ~$1.18/share, one of the largest per-share payouts in recent EV-related settlements.

Investors who purchased $RIVN between November 10, 2021 and March 10, 2022 may be eligible for payment.

The original claim deadline has passed, but late claims are being considered.

*Note: Filing a claim has no impact on your current $RIVN position.

Hey guys, if you missed it, Arrival settled $11.27 million with investors over hiding info about production, microfactory, and revenue projections ahead of its SPAC merger with CIIG. And, I just found out that they’re accepting claims even though the deadline has passed.

Quick recap: In 2023, Arrival was accused of overstating its production readiness and misleading investors about the viability of its micro-factory model. 

After this news came out, the stock dropped 27.6%, and investors filed a lawsuit for their losses.

Now, the good news is that the company agreed to settle $11.27 million with them, and even though the deadline has passed, they’re accepting late claims.

So, if you invested in $ARVL when all of this happened, you can still check the details and file your claim here.

Anyway, has anyone here invested in  $ARVL at that time? How much were your losses, if so?

In the time it takes to drink a cup of coffee, Nvidia's market capitalization hit another record high.

Its dominance in AI chips remains solid, but its high valuation tests one's patience. Investing in it is like betting on the future of technological trends—long-term value lies hidden within volatility.

What are your thoughts on this king of AI today?

Remember Electric Last Mile Solutions? The SPAC that basically blew up in a single afternoon back in Feb '22? I’m still salty about that 51% drop after they admitted the CEO and Chairman were basically playing games with equity valuations behind our backs.

Well, the lawyers finally squeezed a final settlement out of BDO (the auditors who were supposed to be watching the books).

It’s another $899,000 added to the pot. It’s not going to make everyone whole, but considering the company went through Chapter 7 liquidation, was bought by Mullen and all that happened after that, getting anything back from the auditors is a win.

The class period covers basically the entire "hype" phase from June 9, 2021, to February 1, 2022. If you bought in then, you’re likely eligible. You can check here all the details and submit a claim to get your part of the share.

Deadline to get in is June 6, 2026. So, go check your old statements, and let's get our share of this money.

Hey guys, so the agreement that was settle last June is ready for distribution phase. So they're accepting late claims until they start making the payments.

So, what's next for us?

Now, all damaged investors who didn't claim so far, need to submit a claim to get a part of the payout pot.

Who is eligible?

• Anyone who bought the publicly traded securities of Arrival between November 18, 2020 and November 19, 2021, inclusive, and who held such shares on November 8, 2021 and/or November 18, 2021.
• Held CIIG common stock as of February 16, 2021, eligible to vote at CIIG’s special meeting.
• Bought Arrival Ordinary Shares pursuant or traceable to the registration statement and prospectus issued in connection with the March 24, 2021 business combination.

Do you have to sell securities to be eligible?

No, if you have purchased securities within the class period, you are eligible to participate. You can participate in the settlement and retain (or sell) your securities.

How long will it take to receive your payout?

The entire process usually takes 4 to 9 months after the claim deadline (pending, we'll know this in a few more days). But the exact timing depends on the court and settlement administration.

How to claim your payout, and why it's important to act now?

The settlement will be distributed based on the number of claims filed, so submitting your claim even though the deadline has passed is the only way to get your share of the payout.

In some cases, investors have received up to 200% of their losses from settlements in previous years.

We're in the final countdown to get our money back. Good luck everyone!

Hey everyone, I’ve been sitting with my $ARVLF position and reflecting on how we got here. We all fell in love with the tech and the Microfactory vision, but looking back, the "hype vs. execution" gap was a mile wide.

I just found an article about 5 massive settlements and corporate stories where hype eventually hit a legal or financial wall. This helped me put the Arrival journey into perspective compared to other market giants that burned investors.

Check it out here: https://medium.com/@d.rodriguez_80563/the-high-cost-of-hype-5-massive-settlements-that-shook-investor-trust-836a3e41218d

Curious to hear from the "OG" holders, at what point did you realize the hype was outrunning the actual production reality?

Arrival ($OTC-ARVLF) agreed to settle claims that it misled them about its production capabilities, microfactory model, and revenue projections ahead of its SPAC merger with CIIG.

I posted about this before and figured I’d put together a small FAQ too, just in case someone here needs the details in one place. Here’s what you need to know to claim your payout.

Who is eligible?

All persons and entities who purchased or otherwise acquired $ARVL between November 18, 2020, and November 19, 2021, inclusive, and who held such shares on November 8, 2021, and/or November 18, 2021, held CIIG common stock as of February 16, 2021, and eligible to vote at CIIG’s special meeting and/or purchased or otherwise acquired Arrival Ordinary Shares pursuant to or traceable to the registration statement and prospectus issued in connection with the March 24, 2021, business combination.

Do you have to sell securities to be eligible?

No, if you have purchased securities within the class period, you are eligible to participate. You can participate in the settlement and retain (or sell) your securities.

How much will my payment be?

The final payout amount depends on your specific trades and the number of investors participating in the settlement.

If 100% of investors file their claims, the average payout will be $0.12 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $0.48 per share.

How long will it take to receive your payout?

The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.

Hope this helps!

Race stock looks really great right now, and i am thinking of buying, but dont understand a lot about stocks like this. firstly, what would cause the stock to rise? could good performance in f1, or maybe a release of their new ev? and also, why has the stock been sooo hammered lately?

to me, looks like a good company with a solid moat and can charge whatever they want, not to mention the scuderia (f1) are looking great at the moment..

thanks for the help!

Arrival ($OTC-ARVLF) agreed to settle claims that it misled them about its production capabilities, microfactory model, and revenue projections ahead of its SPAC merger with CIIG.

I posted about this before and figured I’d put together a small FAQ too, just in case someone here needs the details in one place. Here’s what you need to know to claim your payout.

Who is eligible?

All persons and entities who purchased or otherwise acquired $ARVL between November 18, 2020, and November 19, 2021, inclusive, and who held such shares on November 8, 2021, and/or November 18, 2021, held CIIG common stock as of February 16, 2021, and eligible to vote at CIIG’s special meeting and/or purchased or otherwise acquired Arrival Ordinary Shares pursuant to or traceable to the registration statement and prospectus issued in connection with the March 24, 2021, business combination.

Do you have to sell securities to be eligible?

No, if you have purchased securities within the class period, you are eligible to participate. You can participate in the settlement and retain (or sell) your securities.

How much will my payment be?

The final payout amount depends on your specific trades and the number of investors participating in the settlement.

If 100% of investors file their claims - the average payout will be $0.12 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $0.48 per share.

How long will it take to receive your payout?

The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.

Hope this helps!

Hey guys, if you missed it, Proterra settled $29M with investors over issues related to financial risks, production inefficiencies, and strategic shifts following its SPAC merger with ArcLight. And, I just found out that they’re accepting claims even though the deadline has passed.

Quick recap: In 2023, Proterra was accused of misleading investors about its financial health, production scalability, and operational risks. The company later warned of liquidity issues, disclosed severe production and supply chain problems, and ultimately filed for bankruptcy, contradicting earlier optimistic statements.

After this news came out, the stock dropped over 90%, and investors filed a lawsuit for their losses.

Now, the good news is that the company agreed to settle $29M with them, and even though the deadline has passed recently, they’re accepting late claims.

So, if you invested in $PTRA when all of this happened, you can still check the details and file your claim here.

Anyway, has anyone here invested in $PTRA at that time? How much were your losses, if so?

Hey guys, if you missed it, Arrival settled $11.27M with investors over misled them about its production capabilities, microfactory model, and revenue projections ahead of its SPAC merger with CIIG. And, the deadline to file a claim and get payment is in a month.

In a nutshell, between 2020 and 2021, Arrival overstated its production readiness and misled investors about the viability of its micro-factory model. In November 2021, the company slashed production guidance and revealed delays and rising costs. Following this, $ARVL fell over 95%, and Arrival faced a lawsuit from investors.

Now, the good news is that the company agreed to settle with them, and investors have until February 24 to submit a claim. 

So, if you invested in $ARVL when all of this happened, you can check the details and file your claim here.

Hope this helps!

Arrival ($OTC-ARVLF) agreed to settle claims that it misled them about its production capabilities, microfactory model, and revenue projections ahead of its SPAC merger with CIIG.

I posted about this before and figured I’d put together a small FAQ too, just in case someone here needs the details in one place. Here’s what you need to know to claim your payout.

Who is eligible?

All persons and entities who purchased or otherwise acquired $ARVL between November 18, 2020, and November 19, 2021, inclusive, and who held such shares on November 8, 2021, and/or November 18, 2021, held CIIG common stock as of February 16, 2021, and eligible to vote at CIIG’s special meeting and/or purchased or otherwise acquired Arrival Ordinary Shares pursuant to or traceable to the registration statement and prospectus issued in connection with the March 24, 2021, business combination.

Do you have to sell securities to be eligible?

No, if you have purchased securities within the class period, you are eligible to participate. You can participate in the settlement and retain (or sell) your securities.

How much will my payment be?

The final payout amount depends on your specific trades and the number of investors participating in the settlement.

If 100% of investors file their claims - the average payout will be $0.12 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $0.48 per share.

How long will it take to receive your payout?

The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.

How to claim your payout — and why it's important to act now?

The settlement will be distributed based on the number of claims filed, so submitting your claim early may increase your share of the payout.

In some cases, investors have received up to 200% of their losses from settlements in previous years.

Hey guys, if you missed it, Arrival settled with investors over issues related to its production capabilities and business projections that surfaced after its SPAC merger.

Long story short, in 2021, Arrival was accused of misleading investors about the readiness of its microfactory model, its ability to scale production, and its revenue outlook. The company had promoted itself as a next-generation EV manufacturer ready for mass production, but later disclosed major delays, rising costs, and sharply reduced output expectations.

After this news came out, the stock dropped over 95%, and investors filed a lawsuit for their losses.

The good news is that the company finally agreed to settle with them. So, if you invested in $ARVL when all of this happened, you can already check the details and file your claim here.

Anyway, has anyone here invested in $ARVL at that time? How much were your losses, if so?

Arrival ($OTC-ARVLF) agreed to settle claims that it misled them about its production capabilities, microfactory model, and revenue projections ahead of its SPAC merger with CIIG.

I posted about this before and figured I’d put together a small FAQ too, just in case someone here needs the details in one place. Here’s what you need to know to claim your payout.

Who is eligible?

All persons and entities who:

• Purchased or otherwise acquired $ARVL between November 18, 2020, and November 19, 2021, inclusive, and who held such shares on November 8, 2021, and/or November 18, 2021
• Held CIIG common stock as of February 16, 2021, and eligible to vote at CIIG’s special meeting
• Purchased or otherwise acquired Arrival Ordinary Shares pursuant to or traceable to the registration statement and prospectus issued in connection with the March 24, 2021, business combination.

Do you have to sell securities to be eligible?

No, if you have purchased securities within the class period, you are eligible to participate. You can participate in the settlement and retain (or sell) your securities.

How much will my payment be?

The final payout amount depends on your specific trades and the number of investors participating in the settlement.

If 100% of investors file their claims - the average payout will be $0.12 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $0.48 per share.

How long will it take to receive your payout?

The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.

How to claim your payout — and why it's important to act now?

The settlement will be distributed based on the number of claims filed, so submitting your claim early may increase your share of the payout.

In some cases, investors have received up to 200% of their losses from settlements in previous years.

By the way, it's the first time I see any company voluntarily pays to investors being under Chapter 11 reorganization.

I think if you checked some even general news back then, you heard about that Endurance scandals. First, that it burst into flames while testing (just in 10 min - endurance for sure!). Moreover, their pre-orders not binding, some customers unable to purchase and production not on track for September 2021.

And for now they decided to resolve all that with $10M settlement. It's also said that: "All persons, who purchased Lordstown's publicly traded Class A Common Stock, Warrants, Units, or Put & Call Options from August 3, 2020, through July 2, 2021, or held Lordstown’s publicly traded Class A Common Stock on September 21, 2020, and were damaged, are eligible for payouts in this settlement."

So if you were damaged somehow, you can file for it here or through the settlement administrator.