Rant post, so I expect some pushback from die hard arcimoto fans.

I heard about this company about two years ago, and they were all over YouTube and numbers/prospects looked good. They even had their stock price shoot way the hell up when excitement for it first really started to grow. They truly seemed poised to be the next Tesla, or to at least be bought up by Tesla.

Then, time passed and things lulled and the stock price fell right back down to where it was before the hype train took it on a short journey.

Of course, with my luck, I bought a few shares when it was at its highest, thinking the climb would continue. Boy was I wrong..

Every now and then I would check the stock price, hoping beyond hope that I could at least sell the shares at the price I bought them at. Lol.. Yeah, uhh, no..

Fast forward, and I get simultaneously dismayed and enthused. How? Why? Because the shares had dropped to astronomically low prices. The once-fanboy in me was crushed, but the hopeful investor in me saw opportunity. “I could buy literal hundreds of their stock right now, and if it goes up even by only double, I could make a very nice profit, not to mention how great things could be if they go back up to $1 and more.”

Alas, they decided on a 20-for-1 reverse stick split. Why? Because they are performing absolutely horrendously. So my three shares that were bought at around $30 apiece, were ultimately reduced to around less than $0.50 apiece pre-reverse-split, then were consolidated to a single share worth 3/20th of a single share’s price. And then, the shares dropped low enough after that that I now have a negative account balance.

From giving them close to $100 to now owing money. This company is an outright joke. Profanity is hard to hold back tbh.

Sure, they have a product that could be great. But they have neither the money nor the means to make these things at the level they need to. They burst out of the gate and then repeatedly tripped over their own feet.

Again, this company is a joke. And trust me, I wish it was a joke I could laugh at at this point.

Rant over.