Might wonder why CNBC has been defending Nikola. Well CNBC has ties to Gates and MSNBC and his friends the Roberts family Comcast (lobbies hard against net neutrality and freedom of speech) owner of CNBC and MSNBC.
And now the Short Enrichment Comission has tried to set up the deal with Milton to mock what they did with Musk. He has to stay away for 3 years. He has to get communication about the company cleared with its legal counsel. He gets to keep what CNBC tried to inflate as 3 billion in stock vice 2 billion- its like 1/3 or so of shares like Musk has. He also gets a million in shares that he can award as he sees fit to give to employees if his choosing (he did something like this prior) but that seems like them sanction hush money to pre-emptively make that seem ok. Then CNBC brings in all the ususal pro fossil fuel suspects like Cowen to spin things like its no big deal.
The emergence of fossil fuels reminds me of another scandalous situation from a decade ago. Steve Perlman set up this revolutionary service to stream games back in 2009. Still superior in many way to current services. It was a threat to Sony and EA. Sony set up this supposed competitor Gaikai that didn't really have any IP but pretended to- this shell was there to steal mindshare and make it seem like Perlman's company wasn't unique to dilute bargaining power and valuation. On the night Perlman's service was to launch it had all of EA's catalog to be offered up but like Lucy with the football because of Sony pulled its catalog causing the launch to fail. Perlman was pissed and lost patience and eventually sold off all the tech to a handful of big competitors.
So this is the oligarch game being played her by captured media. The threated natural gas interests set up this mocking gog magog dappleganger in the hope of derailing an entity set up to take real action on climate change for one set up to fake out the public with fraudulent natural gas. So just a line of utter BS where they try to protect the public image of their fraud vector natural gas derived grey hydrogen passed off as green.