 Don't panic. What's up money geeks, Mr. V here. Welcome to another video guys. So in today's video We are going to talk about ticket symbol LAC, Lithium Americas. So we've actually covered this stock here on the channel. I've been giving you guys updates step by step A lot of you guys have made some profit trading this stock So there's some news that came out yesterday I want to make sure you guys have that news because it really does impact the price of the stock and a lot of People are going to eat a panic and then no start selling because they don't quite understand what's going on And so I want to make sure that you guys all have all the information to keep you guys informed But before we get started guys, if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and your notification bell So you don't miss out on new content also guys if you really looking to help my work here The best way to do it is just to smash that like button and also share this video with somebody that you think can't find it The content useful So from the first time that we profiled this stock here on the channel that went from $11 some news came out push the stock down to about $20 and $21 and then More news came out last week that push the stock to go test $28 So a lot of you guys have made some good money, which is good because when we profile stocks like this The whole idea there is that people should make money For you know to continue to grow the account, but some news actually came out yesterday about this target I want to make sure you guys have that information and so let's jump right in there I want to show you guys exactly what the news is here. So lithium America prices 350 million on the written public offering. So what does this mean for you guys? So let's go right here and look at it What is a public offering a public offering is a sale of equity shares or other financial Instruments such as bonds to to the public in order to raise capital So these guys have seen the growth of the company They've seen that the share price continue to rise and now that they have This particular location again, I think I did a video about these guys the attacker past location in Nevada Gap permit gap approved and so they're looking the next step now is to start getting partners That they can work with to start mining and so for them they need to raise a ton of capital So selling this this offering right now is for them to raise money as you can see it clearly state that they are trying to raise about 350 million dollars with with these offering that they're doing right now So this is going to go a long way to start getting partners line up so that they can start building and Eventually start mining. So that's what I wanted to bring out. So when they do an offering like this It definitely impacts the share price. It deludes the share price So if we go back here and just kind of take a quick look here if you notice if we go back one week If you notice this is on the 15 This stock was trading at 20 dollars, right? And then look at where it went on the 19 It tested 28 dollars and then yesterday it actually pulled back down to Down to about 23 dollars and then up on it this morning and we're sitting right now at 22 dollars and some change The reason is because when their price is shares like this at 22 dollars Who I mean like nobody wants to see the update everybody's selling to buy back at the bottom So that's why the share price gets deluded and so it's going to be trading right now somewhere around that 20 To 22 price range. So and most of you probably asking so now is this a good time for me to buy again The best way to look at is is if they are pricing this stock at 22 dollars Then anything under 22 dollars to me would be a good place for you to get started to get into the stock and again guys Anticipate that now that you're buying here it's going to be a little bit longer before you would see a ton of return because The next logical step is if they can find a partner that would be another catalyst that would drive this up and Eventually if they stop building and stop mining those would be catalysts that would drive this price up So again, these guys are doing this to raise capital. So at this point if you're getting into the stock I want you to get in with the mindset that this is not going to be a quick win Like we did like the two previous catalysts that we have This is going to be a little bit of a slow move now moving forward again If we hear anything that they have a partner they're working with and they start building in that location to eventually stop Mining that would be something that would be that mean it's going to make the price go up lithium America is doing this Public offering again where they're trying to raise 350 million dollars to get to the next step of this particular Company they have two major locations I like I've covered here on the channel one in Argentina and one in Nevada And so they're right now this this Nevada one just got their permit And so they want to start building in that location but yet they need to raise capital They need to find partners before they start building buying equipment and start mining So this is going to require a ton of money So this is phase one of their capital raising and imagine after this This is not going to be the end of it after this this stock would see so a little bump when you see the stock goes up To over 30 and hold somewhere around it and anticipate they'll do another public offering again to raise more money So just be aware of that when you invest So a lot of you guys if you didn't take profit I would say you can continue to add to your position But if you were one of the people that took profit now kudos to you now You can buy back and repeat the process again buy low now under that $22 price point buy low and then hope again wait for it to to write up again a little bit before You know you can make some more money So let me know in the comment section what you guys think about is again I know this is this is not good news for the stock but usually Companies do this because they need the money and so if we anticipate like we've said that this stock is gonna get to over a hundred dollars And some change They have to do this to get that money and the best way to do it is to do a public offering like this Which in most cases usually dilute the price of the the stock like we've seen already Now pushing this price back from the $28 high that we saw yesterday down to $22 and 36 cents is trading right now. So again, let me know in the comment section what you guys think I just want to make sure that you guys have this information so that for again for long-term investors All you have to do is hang in there Just keep buying as he drops and then for people that are looking to swing again. This is Buy low now and wait for that pop as soon as it pops You can take some profit and and move on so that that would be the game plan long term again We're looking this thing to be over a hundred dollars, which is In the future not anytime soon right now. We're gonna be seeing this much swings gonna go up It's gonna go down it's gonna go up It's gonna go down based on the catalyst that comes out So I wanted to make sure that you guys have this information again If you're new to the channel we talk about how to earn money how to save money how to invest and build Worth so that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on your content also guys If you are looking to get started with investing we both to do in your promotion where if you sign up and deposit a hundred dollars You get four free stars two for signing up and creating an account and then two for actually depositing a hundred dollars So links in the description below and as always guys always do your due diligence Don't be a greedy savage and stay motivated