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I noticed that Galileo Russell is still paid as a director of Arcimoto, but he doesn't mention the company much. I looked into it further, here are some things I found.
- Galileo Russell (If you don't know who he is, he runs a Youtube channel called HyperChange with 162k subscribers) is paid by Arcimoto in "restricted" shares of stock. He gets $13,500 worth of shares every time he is paid. I believe it is quarterly.
- He is listed on the SEC filings as an "Independent Director".
- In the last 12 months he has published 96 videos to his YouTube channel. Only one was about Arcimoto. That was 10 months ago.
- He has never done a video about the MLM.
- He has not talked about manufacturing happening in the new facility.
- He talks mostly about Tesla, Elon Musk, and Crypto. He has made more videos about Rivian in the last year than about Arcimoto.
My thoughts:
- I used to like him, but then I didn't. Before they made him a "independent director" he made videos where he talked about how he was so confident in Arcimoto that he had invested in the company. I also invested at that time. But when he became director he was required to disclose his holdings. He only holds 450 shares. That's not a lot of skin in the game.
If they hired Mr. Russell for the publicity, he is underdelivering. For over $50k a year in free stock, he should be putting out some content.
- I think Arcimoto has their great visionary in Mark Frohnmayer. Mark has a vision of the future of the company.
- G.R. jumps from one subject to the next without consideration, Galileo's track record of predicting success is spotty.
What do you think of Galileo Russell and HyperChange?
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