On: Canoo spent double its annual revenue on the CEO's...

[diggan]

In what way is he funneling money into the company?

> The company generated $886,000 in revenue in 2023 compared to zero dollars in 2022 [...] In 2023, Canoo spent $1.7 million on this reimbursement — that’s double the amount of revenue it generated. Canoo paid Aquila Family Ventures $1.3 million in 2022 and $1.8 million in 2021 for use of the aircraft.

[tim333 → diggan]

>Tony Aquila purchased 9 million shares of Canoo (GOEV) as part of a common stock subscription agreement.

https://finviz.com/insidertrading.ashx?oc=1399053&tc=7 shows him putting in $236m or so