$WKHS - 8-K SEC Filing From Oshkosh Shows They See WKHS UPS Contract Challenge as a Risk

Recent SEC Filings from Oshkosh $OSK shows that they see $WKHS being risk to thier current contract with USPS. Here is a highlight from the filing Although we believe the USPS awarded the NGDV contract to us as a result of a robust and thorough process, a competitor has challenged our winning proposal, which if successful could result in the USPS canceling part or all of our NGDV contract. Among other things, this would harm our ability to recover investments we have made in anticipation of initiating production under the contract and adversely impact future results relative to current expectations.  Although we believe the USPS awarded the NGDV contract to us as a result of a robust and thorough process, Congress could interfere with the contract, which  could  result  in  the  USPS  altering  the  quantities  that  we currently  anticipate  receiving  from  the  USPS  under  our  NGDV  contract.  Among  other things, this would also harm our ability to recover investments we have made in anticipation of initiating production under the contract and adversely impact future results relative to current expectations. This post highlgihts the challange by WKHS https://utradea.com/positions/WKHS_Workhorse_DD_and_Workhorse_legal_team_provides_the_legal_path_for_President_Biden Link to filing here https://d18rn0p25nwr6d.cloudfront.net/CIK-0000775158/1aa099f7-5808-4273-8900-ab607e8c6daf.pdf

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GeorgeL88

Jul 29, 2021

-30.72%

Change % Since Posting

11.75

Price When Posted

-3.61

Change Since Posting

WKHS

Workhorse Group Inc

8.14

-0.15
-1.81%
Current Price

$WKHS - 8-K SEC Filing From Oshkosh Shows They See WKHS UPS Contract Challenge as a Risk

bullish

Recent SEC Filings from Oshkosh $OSK shows that they see $WKHS being risk to thier current contract with USPS.

Here is a highlight from the filing

Although we believe the USPS awarded the NGDV contract to us as a result of a robust and thorough process, a competitor has challenged our winning proposal, which if successful could result in the USPS canceling part or all of our NGDV contract. Among other things, this would harm our ability to recover investments we have made in anticipation of initiating production under the contract and adversely impact future results relative to current expectations.

 Although we believe the USPS awarded the NGDV contract to us as a result of a robust and thorough process, Congress could interfere with the contract, which  could  result  in  the  USPS  altering  the  quantities  that  we currently  anticipate  receiving  from  the  USPS  under  our  NGDV  contract.  Among  other things, this would also harm our ability to recover investments we have made in anticipation of initiating production under the contract and adversely impact future results relative to current expectations.

This post highlgihts the challange by WKHS

https://utradea.com/positions/WKHS_Workhorse_DD_and_Workhorse_legal_team_provides_the_legal_path_for_President_Biden

 

Link to filing here

https://d18rn0p25nwr6d.cloudfront.net/CIK-0000775158/1aa099f7-5808-4273-8900-ab607e8c6daf.pdf

 

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1 min

15.00

Target Price

9/ 10

Confidence

2-6 Months

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