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Ehang Stock Update | No filling of 20-F | Volocopter development , What now ? - YouTube
Channel: High School Dropout's Advice
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Hi Everyone,
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A lot of disappointment today because Ehang
did not file its audited 20-F form on time.
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But is this such a big issue for us investors?
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I will answer this question in this video.
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You don't need to worry about Ehang getting
delisted; investing with Cam did very well
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covered that topic.
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I will also discuss the CAAC development and
the comparison to Lilium and Volocopter because
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there are some concerns about the recent development
with Ehangs competitors.
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But first of all, welcome to high school dropout's
advice.
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If you need subtitles, click on the subtitle
button.
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If you want to join my discord channel, you
can do this through Patreon.
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If you notice my Ehang designer shirt, please
give me a like and let me know in the comments
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if you like the design.
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The Ehang stock opened with around 20 and
made some gains actually, but it ended below
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the previous close in the aftermarket.
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We are trading with a market cap of just a
1.17billion which is at the current stage
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of Ehang which is quite cheap when you compare
it with Joby and Archer.
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If you want to buy stocks and need a brokerage
account, or you want a second brokerage account,
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I can recommend you Webull.
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You can also use Webull to trade cryptocurrencies
like Dogecoin, Bitcoin, and Ethereum.
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You would get four free stocks up to $1850
per stock when you deposit at least $100.
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I think the lowest amount I got from the free
stock was $8 per stock so that you would get
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at least around $32 absolutely for free.
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I will also get 1-2 stocks which will help
me to pay for my video editors.
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You can find the link down below in the description.
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I guess many of you are familiar with the
SEC report page of Ehang; we can see that
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there hasn't been an update yet.
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This is what freaks many investors out.
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Let me show you this tread on Reddit, so filling
late, is not something we need to panic about,
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but it won't help improve investors' trust.
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This is for sure.
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There are several sources, which would give
Ehang more time to comply.
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Nasdaq could give them an extra 180 days.
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As you can see here.
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We also source, saying that the deadline is
on July 1st because of the Covid-Extension
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for filling.
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I don't think this is accurate, and I will
show you why with other companies that also
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filled the NT 20-F form.
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Anyways,
No matter where you go, you will see comments
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like this.
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People are saying Ehang lied, F Ehang, disappointed
and more hate.
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I can understand the frustration among retail
investors because what happened did not improve
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trust in investors.
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On the other hand, we see more and more institutional
investors reporting that they are holding
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Ehang.
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All investors need to understand that the
yearly report has to get audited by a third
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party.
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The SEC requires publicly traded companies
to provide GAAP-compliant audited financial
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statements.
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We have to understand that this is the first
year of full filling for Ehang, and their
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CPA and Auditing company they hired, are not
used to their business structure, products,
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and numbers, so all those numbers need to
be gathered and explained.
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Ehang is active in Europe, Scandinavia, Mexico,
so there are many countries and offices which
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might still be affected by covid, which can
delay the auditing process.
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Let us have a quick look at this list.
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This list was generated by J. Cruz, one active
researcher on Ehang on Twitter.
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As you can see from the list, many companies
have filled the NT 20-f form.
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Let us check how many filled within the 15
calendar days timeframe.
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I just checked a few.
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We see China Customer Relation Center, filled
on May 3rd and delivered there 20-F on the
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17th.
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Here we have MingZhu Logistic, who looks like
is going to be late.
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Silicon Motion made it in time.
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Nisun was late but also filled the NT 20-F
and delivered it on the same day.
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Magic Software Enterprises delivered it about
ten days after the filling.
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So it looks like Ehang is late and could not
fill on time during the extension.
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Filling late is usually not a big deal, and
not being able to file during the extension
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and the deadline will not result in a delisting
of the company.
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For us investors, it's not an ideal situation
to be in, but it won't break the company if
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this happens on rare occasions.
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If it happens too often, the Nasdaq can delist
them, but even if they are delisted, you still
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can trade the shares.
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Now let us be honest.
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I think that most retail investors would not
care about the late filling if their investment
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was positive.
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Most of the retail investors are on steam
because of the development of the stock and
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their investment, and on top of all this,
Ehang has problems covering some basics.
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I can understand this frustration, but when
you invest in small growth companies, this
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is what you have signed up for.
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If this is too stressful to handle, I can
recommend the SP500.
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The SP500 or any other index funds will give
you quite predictable 10% each year, and this
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is statistically more than 90% of all investors
make.
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So it's not wrong to invest in something which
is more stable and not so nerve-wracking,
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like a small growth stock like Ehang.
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An Investment should not give you sleepless
nights and additional stress.
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It's not like being in a casino.
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I was invested in NIO in 2019, and I know
what to expect.
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I can only suggest the newer investors out
there, only to put the money in stock; they
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feel comfortable losing entirely.
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Then I recommend not just to buy one stock,
but buy around ten stocks if you want to go
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heavy on them, but then I advice you to be
6-10 different industries.
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I recommend that the 3rd thing is don't have
short-term targets for a stock and don't focus
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on details.
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The short-term target will most likely result
in disappointment and lose more money of your
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investment.
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Focus on bare fundamentals.
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Many newer investors are so focused and obsessed
with 1-2 details like this delayed audit that
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they forget all the other fundamentals.
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I ran several businesses, and I can say from
experience that not everything will go smooth
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and I could observe many other business owners
that micromanagers won't make it far.
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The same applies to investment; keep the big
picture in your head.
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Don't let small things stop your dream.
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If your toddler is learning to walk, you won't
give on it when it falls a couple of times.
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You will have the patience to wait until it
succeeds.
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The same is with investments.
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I have several investments where I am heavily
invested, and I only need 1 to do well to
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retire comfortably as a millionaire in 10-20
years.
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This is all it takes, having a big picture.
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Becoming a multimillionaire within 20 years
starting with nothing is 99% doable, but so
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many people try to double, triple, and then
quadruple their money within one year by jumping
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from stock to stock the success rate for that
is less than 1 %, and the likelihood that
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he can repeat it next year is 1%, in other
words, the likelihood he loses everything
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next year is 99%.
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You remember Warren Buffet holds his stocks
for decades, and he is one of the richest.
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Let me show you more fundamentals.
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The EASA is preparing the certification requirements
in Europe.
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The EASA is like the FAA in the United States
and the CAAC in China.
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You see that Lilium and Volocopter are targeting
commercial flights in 2023 and 2024, hoping
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that the EASA will allow them some local exemptions.
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This article also mentions Ehang.
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You see that they say that EH216 might get
fully certified by the CAAC in late 2021 or
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2022, and please remember, this would be fully
certified and not just a exemptions.
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They also mentioned that the CAAC is working
very closely with Ehang.
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In other words, the government is supporting
Ehang to be successful.
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Now I want to show you other Joby, you see,
that Joby Avitation has not much of movements.
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The same applies to Archer.
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If you watch into the stock market, you will
see NIO, Tesla, and countless other growth
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stocks are tanking.
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Cryptocurrency is correcting as well, so seeing
the overall picture, Ehang is not doing so
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bad.
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So overall, we are not in an ideal situation,
but we shouldn't be too worried.
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I honestly don't think that Ehang is a scam,
because there are just too many developments
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going on, and the fact that they don't try
to make the numbers look good and don't try
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to please the investor but focus on their
products should tell you that they are legit.
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Remember, the stock price is not the company,
and the company is not the stock price.
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I can only show you my T-shirt again.
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If you like my Ehang design Shirt, let me
know in the comments below.
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I still think I need to use better ink.
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Saving the 33 cents was not quite worth it.
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Anyways for legal reasons, let me tell you
that I am not a financial advisor.
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I am just a guy on youtube.
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Please remember to do your own due diligence
and hire a financial advisor if necessary.
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Please like, share, and subscribe to my video
when you don't want to miss out on any new
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stock information and investment opportunity.
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Thank you so much, and see you hopefully in
the next video.
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Thank you bye
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