We took a look at what Archer announced on June 12th about Midnight having 'transitioned' on June 8. It isn't clear whether Archer has achieved 'Full Transition to Wing-Borne Flight' as defined in its Jan 3 2023 agreement with Stellantis. Archer couldn't make such determination four days after the flight.
Addendum: the slide show at time stamp 7:19 references April 2023. This should be April 2024 as was made clear on the prior slide.
We believe in retail investors and other smaller stakeholders getting as much information as possible so they can make informed decisions. They generally don't get access to management, tours, events and other opportunities to 'kick the tires'. We are trying to fill some of that gap. We do not offer investment advice.
Full disclosure: At the time of writing we are short Archer, a position we took after we noticed something in the field where we are observing test flights. Archer had made an important change to its design which the company had not talked about. We published a video about this subject on May 30. We have been long Archer in the past, and exited out of that position with a profit.
Негізгі бет Did Midnight achieve 'Full Transition' to Wing-Borne Flight' ?
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