$WKHS Workhorse DD and Workhorse legal team provides the legal path for President Biden

Not only is Workhorse an innovative American technology company with outstanding growth (projected by analysts to be over 5000% year over year with the upcoming earnings report) but as the only last mile delivery electric vehicle, it is the only viable choice to meet President Biden's executive order which "directs the federal agencies to procure carbon pollution-free electricity and clean, zero-emission vehicles" for government fleets. Recall that the order states "the Postal Service shall ensure that at least 75 percent of the total number of vehicles purchased using such funds shall be electric or zero-emission vehicles." It was unfairly removed from consideration in the USPS contract in favor of a defense contractor that a) has never made a last mile delivery vehicle let alone an electric one b) was awarded the contract based on a prototype that was not subjected to required testing as Workhorses models were c) only promises to deliver "up to 10%" conversion of their combustion engine vehicles at some unspecified time d) had a $54 million insider stock buy (equal to their average trading volume for an entire day) in the after-market trading session the night prior to their surprise award of the contract 4) Workhorse's legal challenge to the likely fraudulent USPS award has now provided the Biden administration the legal path to remove Postmaster General DeJoy who has been in suspicion of fraud and is now a target of an FBI investigation. Workhorse argues that DeJoy's appointment violated the constitution as outlined in this video. USPS Violates Constitution? Workhorse Argues Yes! - YouTube If there wasn’t already enough reasons for me to pile into Workhorse stock on the future of this innovative American tech company with projected over 5000% year over year growth for this quarter’s earnings call in a week or so, with one of the highest short interest IMO unfairly depressing this stock price and causing Ortex and other services to list $WKHS as the highest short squeeze alert category, but now they are exposing government corruption and are providing the legal path to remove the corrupt Postmaster General DeJoy. This is not investment advice. But I see an American innovator, electric vehicle and drone maker, fighting hedge fund shorts, fighting government corruption, and still achieving outstanding growth. So, I have gotten behind them as my largest holding. See below, I am holding 5400 $WKHS shares now at a $14.26 cost basis. My $WKHS position Additional due diligence below. I believe in the long term prospects of what appears to me to be a great American technology innovator in an emerging market with huge upside growth possible. To be balanced, the stock has been beaten up badly this past month with short interest in the stock currently the 2nd highest reported according to Ortex and the decline in stock price the last few weeks has been accompanied by anywhere from 30% to 60% of the daily volume being short selling trying to drive away interest from the stock. This makes it one of the highest short squeeze targets in the market (highest short squeeze rating by Ortex and noted as such by several other financial services as well). I like both that it could be an extremely explosive short squeeze AND that it is a very promising long term play with very exciting technologies being the only last-mile delivery EV in the market and has a patent and orders for their Horsefly delivery drone which is the only vehicle mounted drone launch and return. WKHS is clearly growing as it is hiring a ton of engineers. https://recruiting.paylocity.com/Re...-a66a-7c50cd057385/Workhorse-Technologies-Inc Debt free, $250 Million cash on hand A) The WKHS C-650 will likely start shipping this month B) 32 C-1000’s built in April alone. C) Estimates from the last ER- 100 vehicles projected for Q2, 300 for Q3 and 600 for Q4 D) Dr. Rob Wilson PhD COO / NASA fellow is working on refrigerated vehicles (likely have already built some). Rob worked for Cisco.. WKHS would be first to market with a 1000 cubic ft refrigerated truck. That’s Yuge! E) Pride Group launched their webpage Pride F) Pritchard launched their webpage Pritchard G) JB Poindexter website launched JB H) Patents for one piece composite body that bolts to skateboard (huge advantage for fleets and light) and for a removable one piece power terrain. (Quick to remove any engine and back on the road) I) The Horsefly drone should be get FAA approval this year. FAA approved truck launched autonomous drones.. WKHS owns this patent. UPS has been testing for 5 years. Come and get it Amazon. Orders: 1-Started with 1200 from UPS 2-Prichard ordered 500 spaced out quarterly, expecting more 3-Pride’s initial order is 120, Then 600 each through FY 2023. Followed by 5000 through the next 3 years- thought to be structured that way to ensure Canada’s infrastructure is in order. $15B in EV infrastructure in current bi-partisan agreement for infrastructure, Biden admin pushed for $174B. This is the infrastructure and the government credits which make the EV delivery market much more attractive to buyers. Electric vehicle infrastructure gets $15 billion in new US bipartisan proposal, new EV rebate to come later - Electrek Note also that President Biden will give remarks this week on the trillions of dollars in the Infrastructure Bill in Cincinnati which also happens to be right where Workhorse's headquarters are located. Biden executive order states (with application to USPS contract): Consistent with the goals of the President’s Build Back Better jobs and economic recovery plan, of which his clean energy jobs plan is a central pillar, the order directs the federal agencies to procure carbon pollution-free electricity and clean, zero-emission vehicles to create good-paying, union jobs and stimulate clean energy industries. FACT SHEET: President Biden Takes Executive Actions to Tackle the Climate Crisis at Home and Abroad, Create Jobs, and Restore Scientific Integrity Across Federal Government | The White House So I'm not banking on getting a share of the $6 Billion USPS contract but $WKHS has a reasonable chance at it and it is politically popular for the 100% EV option to get at least some of the award. Here is other Congressional action that bodes well for WKHS getting a piece of this $6B. H.R.1636 — 117th Congress (2021-2022) Postal Vehicle Modernization Act Sponsor: Rep. Huffman, Jared [D-CA-2] (Introduced 03/08/2021) Cosponsors: (39) Committees: House - Oversight and Reform Latest Action: House - 03/08/2021 Referred to the House Committee on Oversight and Reform. (All Actions) H.R.3521 — 117th Congress (2021-2022) Postal Service Electric Fleet Authorization Act of 2021 Sponsor: Rep. Lynch, Stephen F. [D-MA-8] (Introduced 05/25/2021) Cosponsors: (3) Committees: House - Oversight and Reform Latest Action: House - 05/25/2021 Referred to the House Committee on Oversight and Reform. (All Actions) H.Res.202 — 117th Congress (2021-2022) Expressing support for the need for a replacement fleet that meets the climate goals of the United States, protects critical supply chains, and promotes a cleaner, more stable future for a burgeoning 21st century domestic vehicle industry. Sponsor: Rep. Kaptur, Marcy [D-OH-9] (Introduced 03/09/2021) Cosponsors: (2) Committees: House - Oversight and Reform Latest Action: House - 03/09/2021 Referred to the House Committee on Oversight and Reform. (All Actions) Sources congress.gov From H.R. 3521: HR3521 | US Congress 2021-2022 | Postal Service Electric Fleet Authorization Act of 2021 | TrackBill There is authorized to be appropriated to the United States Postal Service $8,000,000,000, to remain available until expended, for the acquisition of vehicles and the infrastructure required to operate a fleet of electric vehicles. the Postal Service shall ensure that at least 75 percent of the total number of vehicles purchased using such funds shall be electric or zero-emission vehicles.

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IvanThinking

Jul 28, 2021

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WKHS

Workhorse Group Inc

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$WKHS Workhorse DD and Workhorse legal team provides the legal path for President Biden

bullish
  1. Not only is Workhorse an innovative American technology company with outstanding growth (projected by analysts to be over 5000% year over year with the upcoming earnings report) but
  2. as the only last mile delivery electric vehicle, it is the only viable choice to meet President Biden's executive order which "directs the federal agencies to procure carbon pollution-free electricity and clean, zero-emission vehicles" for government fleets. Recall that the order states "the Postal Service shall ensure that at least 75 percent of the total number of vehicles purchased using such funds shall be electric or zero-emission vehicles."
  3. It was unfairly removed from consideration in the USPS contract in favor of a defense contractor that

a) has never made a last mile delivery vehicle let alone an electric one

b) was awarded the contract based on a prototype that was not subjected to required testing as Workhorses models were

c) only promises to deliver "up to 10%" conversion of their combustion engine vehicles at some unspecified time

d) had a $54 million insider stock buy (equal to their average trading volume for an entire day) in the after-market trading session the night prior to their surprise award of the contract

4) Workhorse's legal challenge to the likely fraudulent USPS award has now provided the Biden administration the legal path to remove Postmaster General DeJoy who has been in suspicion of fraud and is now a target of an FBI investigation. Workhorse argues that DeJoy's appointment violated the constitution as outlined in this video. USPS Violates Constitution? Workhorse Argues Yes! - YouTube

If there wasn’t already enough reasons for me to pile into Workhorse stock on the future of this innovative American tech company with projected over 5000% year over year growth for this quarter’s earnings call in a week or so, with one of the highest short interest IMO unfairly depressing this stock price and causing Ortex and other services to list $WKHS as the highest short squeeze alert category, but now they are exposing government corruption and are providing the legal path to remove the corrupt Postmaster General DeJoy.

This is not investment advice.

But I see an American innovator, electric vehicle and drone maker, fighting hedge fund shorts, fighting government corruption, and still achieving outstanding growth. So, I have gotten behind them as my largest holding. See below, I am holding 5400 $WKHS shares now at a $14.26 cost basis.

My $WKHS position

Additional due diligence below. I believe in the long term prospects of what appears to me to be a great American technology innovator in an emerging market with huge upside growth possible.

To be balanced, the stock has been beaten up badly this past month with short interest in the stock currently the 2nd highest reported according to Ortex and the decline in stock price the last few weeks has been accompanied by anywhere from 30% to 60% of the daily volume being short selling trying to drive away interest from the stock. This makes it one of the highest short squeeze targets in the market (highest short squeeze rating by Ortex and noted as such by several other financial services as well).

I like both that it could be an extremely explosive short squeeze AND that it is a very promising long term play with very exciting technologies being the only last-mile delivery EV in the market and has a patent and orders for their Horsefly delivery drone which is the only vehicle mounted drone launch and return.

A) The WKHS C-650 will likely start shipping this month

B) 32 C-1000’s built in April alone.

C) Estimates from the last ER- 100 vehicles projected for Q2, 300 for Q3 and 600 for Q4

D) Dr. Rob Wilson PhD COO / NASA fellow is working on refrigerated vehicles (likely have already built some). Rob worked for Cisco.. WKHS would be first to market with a 1000 cubic ft refrigerated truck. That’s Yuge!

E) Pride Group launched their webpage Pride

F) Pritchard launched their webpage Pritchard

G) JB Poindexter website launched JB

H) Patents for one piece composite body that bolts to skateboard (huge advantage for fleets and light) and for a removable one piece power terrain. (Quick to remove any engine and back on the road)

I) The Horsefly drone should be get FAA approval this year. FAA approved truck launched autonomous drones.. WKHS owns this patent. UPS has been testing for 5 years. Come and get it Amazon.

Orders:

1-Started with 1200 from UPS

2-Prichard ordered 500 spaced out quarterly, expecting more

3-Pride’s initial order is 120, Then 600 each through FY 2023. Followed by 5000 through the next 3 years- thought to be structured that way to ensure Canada’s infrastructure is in order.

  • $15B in EV infrastructure in current bi-partisan agreement for infrastructure, Biden admin pushed for $174B. This is the infrastructure and the government credits which make the EV delivery market much more attractive to buyers.

Electric vehicle infrastructure gets $15 billion in new US bipartisan proposal, new EV rebate to come later - Electrek

Note also that President Biden will give remarks this week on the trillions of dollars in the Infrastructure Bill in Cincinnati which also happens to be right where Workhorse's headquarters are located.

Biden executive order states (with application to USPS contract):

Consistent with the goals of the President’s Build Back Better jobs and economic recovery plan, of which his clean energy jobs plan is a central pillar, the order directs the federal agencies to procure carbon pollution-free electricity and clean, zero-emission vehicles to create good-paying, union jobs and stimulate clean energy industries.

FACT SHEET: President Biden Takes Executive Actions to Tackle the Climate Crisis at Home and Abroad, Create Jobs, and Restore Scientific Integrity Across Federal Government | The White House

So I'm not banking on getting a share of the $6 Billion USPS contract but $WKHS has a reasonable chance at it and it is politically popular for the 100% EV option to get at least some of the award.

Here is other Congressional action that bodes well for WKHS getting a piece of this $6B.

H.R.1636 — 117th Congress (2021-2022) Postal Vehicle Modernization Act Sponsor: Rep. Huffman, Jared [D-CA-2] (Introduced 03/08/2021) Cosponsors: (39) Committees: House - Oversight and Reform Latest Action: House - 03/08/2021 Referred to the House Committee on Oversight and Reform. (All Actions)

H.R.3521 — 117th Congress (2021-2022) Postal Service Electric Fleet Authorization Act of 2021 Sponsor: Rep. Lynch, Stephen F. [D-MA-8] (Introduced 05/25/2021) Cosponsors: (3) Committees: House - Oversight and Reform Latest Action: House - 05/25/2021 Referred to the House Committee on Oversight and Reform. (All Actions)

H.Res.202 — 117th Congress (2021-2022) Expressing support for the need for a replacement fleet that meets the climate goals of the United States, protects critical supply chains, and promotes a cleaner, more stable future for a burgeoning 21st century domestic vehicle industry. Sponsor: Rep. Kaptur, Marcy [D-OH-9] (Introduced 03/09/2021) Cosponsors: (2) Committees: House - Oversight and Reform Latest Action: House - 03/09/2021 Referred to the House Committee on Oversight and Reform. (All Actions)

Sources congress.gov

From H.R. 3521: HR3521 | US Congress 2021-2022 | Postal Service Electric Fleet Authorization Act of 2021 | TrackBill

There is authorized to be appropriated to the United States Postal Service $8,000,000,000, to remain available until expended, for the acquisition of vehicles and the infrastructure required to operate a fleet of electric vehicles.

the Postal Service shall ensure that at least 75 percent of the total number of vehicles purchased using such funds shall be electric or zero-emission vehicles.

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