 Knew it What's up money gigs Mr. V here welcome to another video guys so into this video We are going to talk about ticker symbol CIG you're thinking yourself like what is that? Let me explain that is the company that is planning to take a River which is an EV manufacturer based out of London that we profile here on the channel a while back if I remember I think we were one of the first People on YouTube to talk about a rival and where that company was going and the reason we started talking about a rival is because I looked at Workhorse and look at the production issues that we're having and a potential Competitor in a rival was on top of that less so we that's why I profiled it and back then they didn't have any plans I'm going public and I kind of speculated in that video that they Might go public through a reverse measure or using a SPAC or in that is what is happening right now And that's what we're talking about it today But before we get started guys if you're new to the channel We'll talk 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 any notification belt So we don't miss out on new content So again a rival is an EV manufacturer based out of London and this company has been under the radar not being talked a lot about and Workhorse again in the United States most people would know about work horse aid What they're doing in terms of building EV? Vans for delivery that's kind of like a second mile This company stepped in and they're starting to build like even city buses that you can use our let's say in cities like San Francisco in big cities around the United States and this company even London, which is a major Metropolitan area they are in need of these electric buses. So a rival is actually building those and now they are Trying to buy and move some of their manufacturing to the United States, which is awesome So I'm super excited about this news and I mean I don't have the stock right now But I plan on buying it and adding it to my portfolio as soon as I have some money So let's jump right in just take a look again at a rival and look at somebody news that came out About the company. So if you look at the news here again This is a CNBC talking about it And this is the valuation of the company right now at five point four billion dollars That is a lot of money. So if you can see that I mean the goal is to take these guys public through that reverse merger as soon as the merger completes You're gonna see the ticker symbol for CIG is going to change to a RVL as you can see here That would be the new the new symbol for ticket symbol for the company Expected closed it is early 2021. I don't know exactly what early 2021 means Would that be January February or March? Sometimes during that period, that's when they anticipate to close the deal Then you will see that ticker symbol change on the NASDAQ. So again, if we go back again take a look at a rival We we talked about it here. These guys are building City buses so they they're carving out a niche for themselves. So city buses delivery van so you can see I mean, I personally love the designs of the delivery van If this is I mean, this looks really really good It looks like something that you would see like in a sci-fi movie or whatever So I just I like it looks so cool to me not as boring as all the other delivery vans that you see out there So as of right now that was doing this video if you look here, that is trading CIC is trading at $16.69 it did after these news it did go up all the way to about I think all the way to like $18 before pulling back down to $16 or Waiting to see for a good entry point maybe around $15 and some change That would be a great spot for me to get into or I'm still just watching and see if it is that deep And I'm gonna get in if not and then I'm gonna start easing my way in Just buying slowly and adding as we go. So that that's my strategy That's the way I want I plan on approaching it and getting into into the stock again guys If you go back and look at the news here The key things I want to bring up to you guys so that you guys are really informed With what's going on here the reason why I really started looking at this company is because notice that UPS had a contract with Workhorse to deliver some of their delivery vans and then work horse had a contract for a thousand And they had only delivered a thing about 350 and they were behind with production. So what UPS did is they went ahead and invested in a River, I mean put money in a river and then place an order for 10,000 electric vent. I mean like that insane not only did they invest but they put an order For 10,000 electric then so to me that was something that was a red flag I'm saying hey, I need to start looking at these guys because if you look at other investors Hyundai is one of the key investors Kia is another one and then black rock So these are massive or strong companies that we see out there and the fact that they're putting money and pushing a rival to me That says a lot about where this company is going. So again a rival Vents if it's right here if you can see UPS electric vents made by a rival would be used in Europe and in North America So that is something that UPS is working on Strongly to try to get those out there because again, workhorse has had some production issues, you know, I don't think that They UPS want to rely on them that much so they want to diversify Just in case if workhorse is not able to deliver They're covered as far as getting the vans when they want them So that is my take on this game guys. You can go check out the news read it out a rival is coming It's here to stay now that they go in public. I'm excited about it Because I mean we talked about it here on the channel and we I speculated that they were gonna go public through a reverse merger and that's happening and Again, this is everything that you want to see right now trading at $16 and some change There's a chance that it's gonna go up even significantly. So key things to note here guys that Right now the way they stand is contract has been signed So they're expecting to start delivering of their vehicles Sometime in 2021 and part of 2022 that's when they're gonna actually start doing Delivery of those vans to their customer. So again here That's my take on a rival and I think that this company has a you know, proven that they have the stamina to compete in the electric Car space and so I personally I like the company. I love the way things are run I love the looks of their trucks and I like the niche that are carving out for themselves They're not coming out competing with Tesla and Neo and all these other electric car manufacturers They are picking a niche that is not widely covered Electric buses and vans. So to me, that's that's a good business strategy And I'm looking forward to seeing what happens once they acquire land here in the United States and build a Manufacturing facility where they can start producing these vans So let me know in the comment section your take on on a rival I mean, we know that there's a lot of players now in the space of EV So, I mean you have to do your due diligence because you cannot go out and just buy every single one You have to pick and choose which ones you want to invest in and so that's my person I take again if you're new to the channel, we took about how to earn money how to save money how to invest and build Well, so if that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out a new content. Also, if you're looking to get started with investing, I highly recommend we both That's the platform that I use for investing right now They're doing a promotion where if you sign up and deposit a hundred dollars you get four free stocks not one not two not three Four free stocks. So take advantage of that links in the description below and as always guys Don't be a greedy savage and stay motivated