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$Lucid Group Inc(LCID)$ LUCID's error was not offering the 166,666,666 (1.66 million) shares to the public / retail investors instead they gave them at a huge discount to institutional investors at $15.00 a share when the outstanding stock of CCIV was trading at $59.00 a share (prior to the quick rise to $64.00 and immediate and then long term tumble to $19.96 on 9/14/21 the day before the PIPE unlocked. Really, talking about selling CCIV holders out. The 166,666,666 would have been snatched up by CCIV holders if offered, but NOOOO, they gave a sweet heart deal to the institutional investors, who are NOT LOYAL, they need their return on investment for their investors..at all cost, ergo the HUGE sweet heart deal at $15.00.

Nothing like a SPAC Special Purpose Aquisition Company) set up to fleece the retail investors. This was the start of the CCIV/LCID trauma that continues today. There are so many land mines out there, only very deep due diligence can identify, why there is so much fluctuation.