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Romeo Power, Inc. (RMO)
NYSE - NYSE Delayed price. Currency in USD
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10,865 reactions on $RMO conversation
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$4.25 in 2k holder！！！
Honestly, just wait before buying. They signed the new lease, and BW just does not throw that filing down surprise style. I am super red on this now but honestly it was a gamble at 8-12. Better gamble at 4. Holding long now. oh well. win some lose some.
Good things happening for $RMO. Will soon go to $30+
Back to $40
Q3 will be $4,5 million,
IMO my estimates by cells receivings.
Borg Warner selling its 60% stake back to Romeo Power.
The good news just keeps rolling in.
The price to be paid for BorgWarner’s ownership stake will be 95% of the market value of such stake based upon the Joint Venture Valuation (reflecting a 5% discount applicable because BorgWarner is exercising such put within the third year after the date the Joint Venture was established, as contemplated by the Operating Agreement). The parties will be obligated to consummate Romeo’s purchase of BorgWarner’s ownership stake in the Joint Venture within 30 days of the Joint Venture Valuation being determined.
Well based on the agreement between Romeo and BorgWarner Inc to end the joint venture, the cost to end this agreement will be less due to the valuation methodologies used by investment banks. Romeo has the ability to get favorable financing from the banks so this works out for both parties. I do not know if BorgWarner Inc had insurance on this (Bought Puts) since the short interest was so high. It is my understanding that BorgWarner Inc is not loosing anything on this transaction and Romeo is looking forward to having all ownership.
I don't think that RMO has another 10% in gains in it. Looks pretty bad here. I actually found
the other day and their stocks are way better...
BorgWarner plans 15X growth in electrification revenue by 2030
Tier 1 supplier will shed up to $4B in current business to lead electric curve
Photo of Alan Adler Alan AdlerTuesday, March 23, 2021
Really sorry for all the longs here. Warner backing out is another bad indicator of a company going nowhere fast. At one point RMO company was a shining star but faded very quickly, very sad (and angering) to see. Management clearly deceived everyone around them including BW. Selwood should be prosecuted and that Patterson guy as well. Not sure if Patterson sold out or not.
@BoilingCrude...current Q4 is the start of meaningful production volume. Anyone remember the comments from the new CFO? I do. Also, anyone forget that RMO is moving into a new, larger state-of-the-art facility? I didn't. So, I scooped up some nice 5-figure shares today at a $5.20 Average. This stock was oversold today. Q3 is coming soon. Buckle up.
Borg only put in 6 mil Romeo 4 buyout will be roughly 9. Also they didn't just sign a lease in a larger space to go belly up
Down 82% year to date. The short of a lifetime.
RMO shorted I want to buy more
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In this article:
JUSTIN, Texas, Oct. 25, 2021 /PRNewswire/ -- Canoo (Nasdaq: GOEV), a company manufacturing breakthrough electric vehicles (EVs), today announced it has reached an agreement with Panasonic to supply batteries for its Lifestyle Vehicle. Scheduled for production in Q4 2022, the Lifestyle Vehicle will be manufactured by VDL Nedcar and will support US and EU product demand.
Nice to see price in double bottom range. Glad to load up with this price range.
New CEO is no better than Sellwood ... would think She would make some sorta announcement rather than watching Romeo drop over and over ... keeping investors “in the loop” is better than the “silent treatment” ... Good Job
The Operating Agreement provides BorgWarner a right to cause Romeo to purchase BorgWarner’s 60% ownership stake in the Joint Venture.
Is BorgWarner bailing out?
BorgWarner and Romeo will become 60/40 Joint Venture 30 days after valuation of that new "creature" based on recent 8-K filling from 26 Oct.
Just go and find "BorgWarner plans 15X growth in electrification revenue by 2030" - it roughly explains BW/Romeo expansion plans. You can read this until we get new official PR.
“This joint venture will help Romeo take a big step in the battery mobility sector by adding BorgWarner’s scale and resources. Romeo has a fantastic team that has accomplished a lot in the last four years. And now we’ll continue our progress, with the ability and resources to grow and accomplish our mission of advancing energy technology.”
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