Lucid & CCIV....... How the Suits Screwed us Again.

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hey everyone me kevin here we've got an

update to talk about regarding cciv

to uh get us started with what the he

double hockey sticks is going on

with uh ccav let me give you a little

bit of a preview of uh basically exactly

what frickin happened

from february 16th here's a february

16th video

take a listen to this because this is

just a

rumored partnership that valuation

number could change

it can have a big big big impact on the

stock a lot of people are

really excited about this announcement

to happen because there's a thought that

as soon as lucid confirms

the cciv merger partnership people are

going to plow into the stock

which i think is true but if the

fundamentals of the deal

change and all of a sudden the valuation

comes out higher than expected because

ccv is getting fewer shares

this can be bloody it's gonna be bad so

uh

okay i guess we have a little bit of

talking to do

a little bit of splaining to do to

figure out

hey everyone me kevin here in this video

you're going to learn how the suits

screwed the retail investor again but

not only how the suits screwed the

retail investor

but how the suits convinced bloomberg

news and

reuters a newswire service both

extremely reliable publications

to pretty much lie to our faces now many

of you

are well up in the stock many of you

especially those of you in

my course on stocks in the psychology of

money have been in this stock

since around 18 or 19 per share maybe

even a little bit before that

and you're up double even after what

happened today

but some of you are in the stock higher

and ultimately all of us are wondering

where do we go from here after what

happened today because after all

what did even happen today well

here's an easy way to explain what

happened today first

on january 11th bloomberg listed an

article

uh or released an article that stated

lucid motors was going to potentially be

going public

via the special purpose acquisition

company or spac ticker symbol cciv which

stands for

churchill capital corporation number

four

in fact i have that publication right

here

and this becomes very important because

in this publication we will be able to

see

that uh cciv was basically taking

or was planning on taking lucid public

at a

future valuation of up to

15 billion dollars which we can write to

see right here

a transaction could be valued up to a 15

billion

dollars now the phraseology here ends up

becoming a very important

lesson for us all to pay attention to

but we'll circle back to

phraseology and how the suits like to

screw

the retail buyers but anyway in this

article we were told that the

transaction could be worth up to 15

billion dollars

and other publications picked this up

and said oh okay so

lucid's going to be worth 15 billion

dollars

and after this article the spac that was

listed for ten dollars per share

pretty much skyrocketed we bought it

around eighteen nineteen dollars per

share which again isn't as as early as

some people bought it but hey

you know that did very well in fact over

the next month

the 500 and 3 000 i put into this

particular stock

went to over 1.5 million

dollars a gain of over 1 million

or 3x that was when the stock went to

all-time highs of 64.85

now one of the reasons the stock tripled

is because after the january 11th

article reuters released another

article on february 16th just a little

over a month

later and in this february 16th article

reuters stated that cciv is quote

nearing

a deal with lucid motors this finally

gave validity to the rumor that oh my

gosh

lucid is probably like very likely

going to be striking a deal with cciv

this started putting to rest rumors that

some dude named chamath was going to

come along and steal this deal from cciv

and tried to take lucid public himself

in this article in the reuters article

reuters stated that the deal could be

worth up to 12

billion dollars and remove

the phrase transactional

value take a look at this that will

become very important in just a moment

reuters a luxury vehicle maker lucid

motors

is getting close to a deal to go public

at

a roughly 12 billion dollar valuation

after michael klein's blank check

company cciv

plans to take them public this was said

by

people familiar with the matter on

tuesday

okay got it so some people

let bloomberg and reuters know

that lucid could potentially be worth 12

to 15 billion

dollars after a partnership and this

news from reuters actually helped pump

up the stock

substantially because the this might

seem like a subtle difference

but this becomes very important the

little change that happened here

and there are a couple changes that

happened here the easiest way to

understand this

is simply to draw this out in the

simplest

terms possible so take a look at this on

january 11th bloomberg says

cciv is going to go public at ten

dollars per share via the spec

and it's going to be worth it's going to

value the deal at 15 billion

it's going to value lucid at 15

billion dollars which is great but then

on

february 16th we hear that oh wait a

minute

at 10 per share lucid might actually be

going public with a

12 billion dollar valuation

for lucid and the reason this matters is

because

let's say that uh over here in the month

of january

lucid stock is selling for forty dollars

per share

well forty dollars per share is four x

ten dollars per share which four

times 15 billion is about a 60 billion

dollar public valuation for lucid

this number becomes very very important

if you didn't see how i got that i'll

explain one more time really quickly

at 40 dollars per share for cciv when

you look at the stock cciv at 40

per share that's four times ten dollars

per share

that means the valuation goes up four

times four times 15 is 60 billion

dollars

okay should be on the same page now

reuters

came out on february 16th and said no no

no up to 12 billion dollars per share

okay a lower valuation that actually is

a good thing

that means we are buying a company at a

lower price

because a lot of us already bought the

shares it just means the shares we

bought

represent a cheaper company which means

it has more of a potential to go up

which is a good thing you want to get in

at a lower valuation anytime you do like

a private equity deal in the future

which you will in the future especially

if you follow the channel and the lead

here i'm going to guide you through all

this kind of craziness that goes on out

there

then you'll quickly realize you want to

buy things at lower valuations not

higher valuations but that should make

sense in public markets as well

okay so going back to this if let's say

this is now a 12 billion dollar

valuation like lucid motor said well

then what we can do is we could say okay

well what if the stock is trading for

five times fif ten dollars per share or

fifty dollars per share well fifty is

five times so 5 times 12

ah look that's also 60 billion dollars

in other words because of this reuters

article

the stock of cciv was totally able to go

from 40

to 50 literally no change in valuation

at all

simply because the underlying valuation

of lucid was changed which is crazy

okay great but why does all of this old

stuff matter

relative to what happened today well

here's why remember when i played that

video at the beginning of

this video to you from february 16th in

fact here's the thumbnail this is what

it was

posted one week ago is lucid motors cciv

stock a big mistake

when i posted this video look at some of

the comments

that i got and these are real comments

if you're so negative about this company

why not just buy a dump it and buy it

again at 30 dollars

that's obviously what the person meant

because a lot of people like oh my gosh

kevin

you're being so negative about this

company why don't you just sell it and

buy it again when it falls then if

you're gonna be so negative about it

then this person says you added nothing

new concerning if

cciv is merging with lucid your title is

misleading

my title is misleading is ccav stock a

big mistake

well i'm providing concerns and

i do answer whether or not it is a

mistake in the video

but okay anyway so people are angry

because i had a negative title and i

wasn't as

as you know posh as i should be i

suppose but here's a good one

look at this one this one takes the cake

for best comment right here

you are the most skeptical pessimistic

person on

cciv on all of youtube

especially for a guy who supposedly

invested 500

000 it's like you don't want lucid to

challenge your beloved tesla

wow really the jade is like level 10

000 here look folks i can't look folks i

can't make this up

this is an actual weeble it actually

shows

when i bought the stock for how much i

bought it like this is literally

my actual weeble account i can't i can't

make this up i'm not that good

so i don't think there's any question as

to whether i actually

realistically own this stock i think a

lot of times when i make videos i just

provide both sides of what could

potentially happen to a stock

some it could be good news there could

be bad news

and what was the warning that i provided

let's listen one more time and then

let's understand what the heck actually

happened today

listen to just these 10 seconds very

very closely it's very important

which i think is true but if the

fundamentals of the deal change

and all of a sudden the valuation comes

out higher than expected because ccav's

getting fewer shares

this can be bloody it's gonna be bad so

guess what happened folks the reason

cciv fell today is because the valuation

came in

substantially differently than what was

expected

lucid motors and the staff at lucid

motors ended up realizing oh damn

the stonk market really likes our stonk

they like the stock

lucid motors could potentially

renegotiate the deal we have and make a

whole lot more money

think about it let's say you're selling

a house for five hundred thousand

dollars

there's one offer on it and you say you

know the evening that you get this 500

000

offer okay okay i'll take the 500 000

offer

it's a verbal deal i'll sign the deal

tomorrow

very next day you wake up and all of a

sudden there are five offers on your

house and the highest offer is six

hundred thousand dollars

yeah you made a verbal deal but you

technically didn't sign anything

so why not just call up your agent and

go hey uh real estate agent

i want some more money for my deal i

want everything renegotiated

well folks enter what happened today

here's the first news update that came

through the bloomberg terminal

churchill capital four shares currently

trade on the new york stock exchange

under symbol cciv

the companies lucid and cciv

are going to combine at a transaction

equity value of 11.75 billion dollars

well when i first heard that i'm like oh

my god that's amazing

it's a lower value than the 15

billion dollars that bloomberg told us

about remember this

a transaction could be worth up to 15

billion dollars

from january or how about this it's

actually lower

than this 12 billion dollar evaluation

from reuters

oh my gosh this is really good news like

this is awesome right that's actually

less than what we thought this was going

to be valued at

oh but wait then the stock starts

falling because the very next news

update that comes through the bloomberg

terminal folks

is this lucid motors agrees to go public

through a merger with churchill capital

okay good

solidifying the rumors this is very good

news right

the companies are combining at a

transaction equity value of 11.75

billion dollars okay

great we already knew that that sounds

awesome the transaction values lucid at

an initial pro forma equity value of

approximately 24 billion dollars at the

pipe offer price of 15

per share

right there the suits screwed us

a 50 premium

to cciv's net asset value

holy crap what happened

here remember the homeowner example

where the homeowner wakes up one morning

and goes wow

i have more offers i want more money

folks that's exactly what happened here

in my opinion between

lucid and ccav and this is just my

opinion don't sue me

ccav or lucid but my opinion is they

realized that this stock was going to

the freaking moon and

lucid went over to cciv and said look we

need more money

and ccav's like oh man we kind of

already mentioned that you know we were

going to

have a transaction valued of up to 15

bill and loose it's probably like oh

well

we can have a transaction valued up to

15 bill but the value of lucid could be

more than that

it could be 24 billion dollars and

basically we could raise more money

at the expense of the retail investor

which is really frustrating

because look we're not making this up

yeah in the initial bloomberg article

they said a transaction could be valued

up to 15 billion

but folks reuters reuters said

would go public at a roughly 12

billion dollar valuation that means

lucid is probably gonna go public at

around 12 billion dollars

well it's actually going public at twice

that a valuation of

24 billion dollars and that creates some

big issues

basically here's what they did to us in

plain

simple english on january 11th we

thought the valuation was going to be

15 billion dollars which means at 40

dollars per share of cciv

the company's worth 60 bill on feb 15 we

thought oh my gosh

uh it's going to go public at 12 billion

because that's what reuters said

reuters didn't say transactional value

12 billion they said the company valued

at 12 billion

reuters click baited us the suits click

baited us

and that would have implied that at 50

per share the company would have had a

60 billion valuation well because the

company is actually going public

at 24 billion dollars

at peg to 15 per share then 60 billion

dollars actually equals

37.5 dollars per share which folks

the company right now in after hours is

trading for about

40 dollars per share so right around 64

and a bit billion

dollars 64 and a bit billion dollars

is basically the same as 50

a share a week ago or 40 dollars a share

a month and a half ago we just got

click-baited in the meantime

by the new cycle which is really really

frustrating so where does that leave us

today well at about 64 billion dollars

which is roughly where the valuation is

now at 40

per share this company is just shy of

the size of gm

which is valued at about 74.9 billion

dollars

it's worth more than x ping by twice

x ping is only worth 30 billion dollars

and it's worth 16 billion

less than neos 80 billion market cap

it's obviously a far cry

from the market cap of tesla but for a

company with a lot of potential and

promise

there are a lot of folks really excited

about

lucid so my strategy going forward and i

know that there's a big 71-page slide

deck presentation i'm not going to read

through all that hoo-ha

uh here in this video i will be

providing my breakdown analysis

on that but you got to be careful

usually that's just a big marketing

pitch

so you got to be very careful on that i

just wanted to use this video as an

opportunity to explain what the heck

happened in the share price today why

did we see this massive decline of 30

why would the share price plummet like

this it's because of the revaluation

that happened

it's that simple does it mean the

company is all of a sudden

a fundamentally different company no

does it mean we got click baited by the

suits and taken advantage by the suits

yes we got screwed by the suits does it

mean that the company is all of a sudden

not going to deliver its car in

june or july and start selling vehicles

no i think there's actually a very good

chance of seeing

the lucid vehicle hit the roads or hit

roads

in june or july you know sometime this

summer we'll see

so i'm very excited about the stock i'm

still bullish

my opinion based on these new valuations

is that this stock

is probably something i'll add to if it

gets

under 40 dollars per share which it did

very briefly and after hours

i mentioned to course members these

price targets already well after hours

were still open

i explained all of this to course

members in a little summary

uh pitch that i sent out to everyone so

there is a big value for you being in

the course if you want to get

information right away

that's that's where i can quickly send a

message out and get it get it out to you

instantly

make sure to check out that coupon code

down below hodl or huddle however you'd

like to say it

go to that website uh and check out the

course uh we pay once and you get

lifetime access

to all my alerts and my content but

anyway

uh to me yeah today this valuation is

revaluation

it's a bummer the price obviously got

hurt because of this revaluation

it also means that if this stock goes up

to like 60 or 70 bucks a share

it might start meaning okay maybe we got

to start looking for the exits a little

sooner than we had to before

i'm not going to set any hard exit price

for this certainly if i made any changes

i'll send alerts and i'll make a video

on it

but for right now i will say that this

stock for me

is a buy under 40 and it's a heavy buy

under probably like under 32 under 30

a share i'd buy this more heavily until

then i might just nibble on it under 40

if it falls under there

revaluation happened still a great

company many of us are up 2x on our

money

i'm diamond handing this thing it's a

great company

this is just a full detailed explanation

of the shenanigans that go on in the

stock market

hopefully you found this helpful if you

did consider sharing what happened today

so

people can learn from this and folks

we'll see in the next video

you