Electric Last Mile Solutions Inc (EM) (ELMWQ)

I'm pretty sure there are a few assets left that didn't go in the sale. I'm hoping a few pennies or even dimes might come along, so I'm not selling yet. I can't find any documented information about what they might be, unfortunately.

What do peeps think of this one

I see the price creeping up a few pennies. When they sold the assets it seemed like there was quite a bit more cash coming in than all of the debt of the company combined. It seemed like there may be a buck or two a share available for common shareholders.

Does anyone else have better numbers on what assets may be left over after everyone is paid?

Not confident enough yet to buy for a nickel, but that might be a great deal.

$MULN If you build it they will come


OCT 7th

"The bankruptcy court in Delaware has scheduled an asset auction in the case for Oct. 7 and is considering a proposed asset purchase agreement with Mullen Automotive, which describes itself as an emerging electric vehicle maker"

MISHAWAKA, Ind. (WNDU) - The Mishawaka plant where the civilian Hummer was once built could soon have a new owner.

The front runner appears to be a California-based company called Mullen Automotive. $MULN

According to court documents, Mullen Automotive has offered more than $93 million in cash and other consideration to buy the plant and most of the other assets of Electric Last Mile Solutions (ELMS) – the company that planned to build electric trucks in Mishawaka but ended up filing for bankruptcy in June
https://www.wndu.com/2022/09/23/bidding-underway-acquire-assets-electric-last-mile-solutions/
https://investorshub.advfn.com/Electric-Last-Mile-Solutions-Inc-ELMSQ-39752

$MULN may grab the assets IMHO

Last Mile! They werent kidding.

bid .142 ask .148
up 61.54% !

Well

the stock is up 45% today guess someone didnt get the memo,

ELMSQ, filed Chapter 7, finished and dissolved! All shares are wiped out .

ELMS changed to ELMSQ, bankruptcy. Delisted to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions

True I sold good luck

Would not be surprised

Not so much as the day has progressed

Is this going to be delisted tomorrow

Look again it’s going up

The only thing that will save this is a buyout by another auto maker.

Let’s run this $$$$

Stock is toast, but you need a real trading platform so you can see the market in real time, not delayed time. Illusionary trading , one can only fake it for so long
Nobody cares how often you go to the store

I’ve hearing Tuesday it might rocket like rev what do you think

It is neither good nor bad
What it means is the stock will end up trading on Cromwell Coulson's stock market

Is this good or bad ?

By Josh Beckerman

Shares of electric-vehicle maker Electric Last Mile Solutions Inc., which filed for bankruptcy Tuesday and said it would liquidate, recently traded up 40% at 39 cents.

In a Tuesday filing with the Securities and Exchange Commission, the company said it didn't intend to appeal a Nasdaq delisting determination. It expects shares will be suspended at the opening of business June 23 and subsequently delisted from Nasdaq.

Write to Josh Beckerman at josh.beckerman@wsj.com

Any thoughts on why this went up?
Possible Reverse Merger?

Yep

True Owell regroup

That wouldn't have worked out for anyone

Maybe took out some stop losses at the end?

Wtf happened

May e good news after hrs

Load up $$$$

Could have been short covering

There was big buys in the .425 range

We will see

Time will tell… Monday the markets are closed. So people will probably want to sell

Yesterday was a tease lol

Sure that wasn't yesterday

Squeeze coming $$$$

Agree $1 coming

Looks good I’m in

Merger...???

Still moving

SELL SELL SELL it might be over $1 soon.

And recent shorts could soon all be squeezed out of their positions if the momentum keeps going the way its going, long before that happens, you can be right on one hand, and than end up broke on the other hand that really matters.

,,,,,,,Why the company is dissolved-CH7

CONGRATS

Stop hating

Flying today. Saw volume in premarket with 15 weekly rsi.

Pps won’t last though.

It seems to me that's an institutional fund or two or three bidding up the price to draw in suckers so that the funds can realize a higher sell price. The co. is bankrupt and liquidating all assets. Nothing is being returned to shareholders. Jmo....

Looking good today

WorthyLion, i agree completely. That's the only reason i stayed in the stock last Fall-- the idea that certification was imminent any week....