 oh well What's up money geeks Mr. V here welcome to another video guys so in today's video We are going to talk about tickets and boys c i i c This is a rival. This is a company that we cover here on the channel I started talking about this company before they even announced that they were going to go public because When I did research in the company, it's like this is what i'm looking for These are the kind of companies that interest me So we talked about it here on the channel and as we predicted in that first video That they were going to go public through a merger that happened and I actually had the President of a rival No, we did an interview here on the channel which if you haven't already watched that interview I'm going to hook it up here so you can definitely go check it out So there was some news that came out this week that the company Really said that I thought was going to drive the price of the stock But because of what we have right now the pullback in the market that news just fell flat So that's what one has to cover here and then talk about some price Projections and also the future of the company But before we get started guys, we are new to the channel We took about how to earn money how to save money how to invest and build wealth 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 new content So again guys when it comes to a rival a rival is a uk based Electric car manufacturer So they are mostly in the space of building electric vans like you can see here For delivery and for other services as well as city buses for just a transportation But all these are going to be Electric so zero emission so again I did a really detailed video on the channel about this company talk to their president And so all that I'm going to hook it again up here so that you guys can definitely go Catch up on that. So what I wanted to talk about today is Some news that came out just this past week because Again with the pullback the news disappeared and so a lot of people didn't actually get any exposure to that news So you can see here a rival is right now getting to the point where they are going to start doing testing So they have 25 vans that are currently available And they're going to be testing that this summer in the uk all over The uk so to me that was good news We've gone from talking about the concept. We're talking about the manufacturing process We talked about the different materials the technology and now they've actually brought all that together To have no functioning vans that could be driving around the city and doing some testing So to me, this is great news This is news that would have pushed the price of the stack up if things were just normal But because we have this pullback. It didn't really mean anything So again, if we go back here and just take a look at the price prior to the announcement with CIG No, look at what the stock price was trading But after they talked about the merger the price as of december 7 went up to about $36 and some change and then since then just been pulling back for obvious reason because there wasn't any Catalyst or any news out there. So the price pulled back. So if we go from 36 down to 18 That's almost I have price off. So for those of you that have been looking to get into this stock I think 18 dollars again, this is a place for you to open your position I don't want you again to jump all in guys. That is always a mistake when I say open your positions I see you want to buy 20 shares of the stock You can start now with five shares and then see which direction the market goes because things are right now Not very certain. We think this week has been crazy We don't know what next what's going to look like So if next week come out and it's still red and then you can continue to average your way into the stock So that is what I would advise but again, I still really like a rival and I'm still bullish on the company So I'm again right now. I'm actually projecting that if everything gets back to normal We're going to get back again to that 30 30 something price point And then the merger is coming up here because um, they have a meeting I think march 19 So again, I'm going to look up the exact date and put it in the camp in the Description section below so you guys can have that but I think march 19 is date that they've actually mentioned now that They're going to be going public Completely so the merger is going to be completed I think march 19 So I'm going to have to double check that again guys just so you guys know But as of right now things are looking pretty good The fact that they are actually in the process of testing Or getting ready to test. I think that's good news Again, one thing I want to bring up to you guys just so you are aware When I spoke to the president of arrival one of the key things that he mentioned to me That differentiate them from all the other companies and which is something that I did like about them from the get go But I wanted to hear from the president himself. So we talked about their manufacturing process So they are not doing the traditional manufacturing process where you build a big factory somewhere It takes a you know a huge ton of capital to put that factory up And then you cannot move that factory to any other place. It's stuck there if you have to relocate They take millions of dollars to relocate that factory. So what they are doing is they're building Micro factories and these micro factories are easy to set up and to relocate So they if they have a lot of customers here, let's say in the united states and let's say in chicago They're going to build a micro factory next right close to chicago. So that way The customers can get access to them. They can get access to the customers and then delivery Is a little bit shorter, but if you go out and build a factory somewhere And they have to move those vehicles across the country. It costs a lot of money So I think to me that's one thing that he mentioned and then they are also doing what called vertical integration So from the products that they're using so the material that they're using Just when you look at they say the body of the car all the different technology in it That's all built in house. So they're not bringing out They're not bringing stuff from outside and an assembly into a particular van or city bus They are building everything in house with technology again, like I said The materials that they used all that is in house So it's easy for them to scale and not have to worry about any manufacturers filling out on them So those are some things that really makes this company Staying out to me. So again, I do really like the company and I already have some shares in there Even right now at this price, I'm going to add some more My goal is to at least if I can push this thing up and get at least a thousand shares of the company I think this is a a great win for us because Like all the other companies in this space, these guys have a really good Team that's working together to get this thing done And also the products are excellent looking not like the other vans that you see out there. The design is just great The city buses look excellent too. Again, that's my personal opinion because I like the company So that's what I wanted to bring up to you guys again Arriver right now is working on doing some testing So they're gonna start testing this summer in the uk and then from there Hopefully start testing in the united states as well So again for people that are interested in the company the merger with ccig Is looking like they're going to be done by march 19 So right now they're doing the voting for the shareholders to actually, you know, putting your vote to agree that they want that merger to take place So once that goes through and then the merger is going to happen They're going to change the ticket symbol name and here we go Arriver is going to be a rival on the stock exchange and we are going to be good But again guys right now they're looking at doing actual Production to start by the end of fourth quarter 2021. So it's not going to be Anytime soon, but again the fact that they're sending the tests to me It means they're working towards that to meet up that day So let me know the conversation of what you think about is do you can really own Arriver or You're looking to get into the stock if you're looking to get in This is a good place for you to open a position and just start buying more as you see the opportunity to present itself If you're new to the channel, we talk about how to earn money how to save money how to invest and build wealth So if there's something that interests you go ahead and hit that subscribe button and any notification bell to you Don't miss out on your content. Also, if you're looking to get started with investing guys I highly recommend webo. That's a platform of choice from from from us And if you sign up and deposit a hundred dollars you get free stocks At no cost to you links in the description below and as always guys Do your due diligence. Don't be a greedy savage. Stay motivated You