Slate going public? IPO?

[The Dude]

Would love to invest in Slate Auto. I'm not a qualified investor but have funds. Anybody have feelers out on what their intentions are?

 

[cvollers]

Would love to invest in Slate Auto. I'm not a qualified investor but have funds. Anybody have feelers out on what their intentions are?

As soon as Slate goes public, their focus would shift from buyer-first to shareholder-first. In driving to maximize shareholder value, they would listen to all the business consultants telling them how to increase margin (not decrease cost). They would become just another car company.

 

[lgerger]

Way too early for that. They’d have to determine if this will be a viable business first.

 

[GaRailroader]

Way too early for that. They’d have to determine if this will be a viable business first.

Didn't stop Canoo. I hope they wait until they are in production before they take that step.

 

[Sparkie]

Didn't stop Canoo. I hope they wait until they are in production before they take that step.

I agree with you @GaRailroader. The Canoo IPO caused them to have "too many cooks in the kitchen" and the company lost its focus. Covid, plus alleged improper financial shenanigans frightened off any further investments and the spiral downward just accelerated from there.

 

[AngryMedic]

God please no....... please for the love of humanity... keep it private. I am already avoiding most public traded companies when ever possible.

 

[Adam W]

Nothing destroys a good product faster than "increasing shareholder value."

 

[lgerger]

Didn't stop Canoo.

Yeah, and where are they now?

 

[Sparkie]

Yeah, and where are they now?

I think that was the point @gorailroader was making and why he/she wants Slate to ensure their plan/vision is viable before the IPO.

 

[lgerger]

I think that was the point ]

Correct. I know that was the point. I was simply stating it for completion.

 

[Sparkie]

Correct. I know that was the point. I was simply stating it for completion.

Okay.
Sorry, I misunderstood your post.