Hyliion Holdings Corp (HYLN): SHLL is a scam
investorguru2 , 22 June 2020
SHLL is a scam. Their market cap at 10$ a share is 1.5Billion$ and at 20$ a share, their market cap is 3Billion$. They have a cash of 560 million $. So the current market cap of the Hyliion company is 2.4 Billion$ for a company we have no idea about the revenue or sales. The current float is 23 million shares and they are already sitting on a 80% profit and they are bound to take those profits. Then the shortable shares also would put pressure, then the market makers have incentive to short and the Hyliion management is happy with the 2.4billion $ valuation they have currently. They are not worried about the short term valuation dip that is bound to happen and the price may recover again close to third quarter of 2020 when the merger actually happens if Hyliion can prove that its worth 2.4 billion $. So short term, I am making a bearish case here.
