GELYF - Luokung Technology: The Geely Autonomous Driving Deal Doesn't Put A Dent Into The Bear Case

• Luokung has just announced a deal for the provision of autonomous driving simulation testing services to an affiliate of Geely.
• However, the initial phase of the contract is for only $2.5 million, and this is a company that was unprofitable as of December 2020 and its working capital was negative.
• There could be significant retail investor interest as Luokung is popular on several social media websites.
• I think this one looks like a sell, but there are no shares available for borrowing as of the time of writing.

For further details see: