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[ultrarnr]

If you have been waiting for the chance to buy stock in Damon your wait may soon be over.

https://www.advrider.com/damon-motors-says-its-still-for-the-stock-market/

[Richard230]

I think I will pass on that offer. Thanks, anyway. 

[lunarx]

Nice 
I’ve got $100 to invest, as soon as I get my deposit back.

[Specter]

Maybe they can just repay you in stock options?  or send you parts of apollo's bike as a keep sake since he's not using it anymore.

Aaron

[CagivaRider]

Did Apollo have a Damon? I'm jealous.

[CagivaRider]

I'll buy some Damon stock. Why not? I have Lightning stock also. I'm betting on the come, or writing it off as a loss.

[Richard230]

Did Apollo have a Damon? I'm jealous.

He purchased a Lightning:  https://www.electricmotorcycleforum.com/boards/index.php?topic=12890.0

[Richtea]

He didn't just purchase one - he got one.
Lightning 1, Damon 0.

[EsseEsse]

After many delays, Damon expects its stock to begin trading on the NASDAQ under the symbol DMN on Monday. They claim to have valued the company at $300 million, or $12/ share. There are lots of moving parts involving loans, success fees, and the like (and of course no motorcycles) so I can't opine on that valuation. There are some potential first-day sellers so we shall see.

https://www.sec.gov/ix?doc=/Archives/edgar/data/0002000640/000121390024098787/ea0221414-8k_damon.htm

[princec]

Well, I could short the fuck out of it

Cas

[flynnstig82r]

I think a high valuation is justified. After all, they’ve figured out how to eliminate the biggest cost center of the business: Making motorcycles.

[Richard230]

I think a high valuation is justified. After all, they’ve figured out how to eliminate the biggest cost center of the business: Making motorcycles.

 

[Specter]

Penny stock scam  basically.  THEY are sitting on a shit ton of the stuff which won't even pass for toilet paper.  They get listed, and dump it on some unsuspecting clown.

I think folks are still stinging from the Ideanomics thing that they are not ready to see this one fill the void that one left.

What ever did become of Apollo's sitation?
Aaron

Maybe they'll give him a few 100k of 'free' stock for the time and effort 

[peanutgallery]

The biggest scam in motorcycle history?!

I read through their filing as a reservation holder and my god its even worse than it looks from the outside.

The CEO CFO and CTO are all hoping to line their pockets with a cool $1m each on top of their $500k compensation for running this company into the ground and then putting lipstick on the dead pig for the public markets. For doing jack shit over 7 years.

https://www.sec.gov/Archives/edgar/data/2000640/000121390024099376/ea0221542-424b3_damon.htm

[EsseEsse]

Damon stock (DMN) opened at $4.00. It's been trading around that, as high as $4.27 and as low as $3.61 as I type this. With 20,767,610 pro forma shares outstanding (including the multi-voting shares but not warrants and options priced above the trading price, that adds up to an equity value of around $83 million.

The company has only $3.5 mm or so of cash, so if they want to make motorcycles they're gonna want some more money.

You can see the company's current investor deck here: https://filecache.investorroom.com/mr5ircnw_damon/173/2024_1115_Damon_Pubco_Deck_Final.pdf

Edited to add: Page 8 of that deck shows that 24% of their preorders are from people who do not own a motorcycle currently, and that 55% of those who do own one are on a commuter bike. Basically, most of their preorders are from people with no business on a 600-lb, 200 hp motorcycle.