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WallStreet is being dismantled for algorithm short selling.
The plant is capable of pushing out 400,000 units annually with multiple
assembly lines in operation. I wouldn't drag my feet as just
one announcement could change everything, like before.
We all have made bad decisions like buying in over $30
for an entry when it temporarily shot strait up when Burns
got excited and said 100,000 pre-orders to soon, although
he seriously wasn't off by much.
The plant is capable of pushing out 400,000 units annually with multiple
assembly lines in operation. I wouldn't drag my feet as just
one announcement could change everything, like before.
Almosthere @ $.37 is when I buy . Maybe @ $.40
Exactly! Youtube kept this info hidden on purpose.
I filed a SEC complaint against Youtube yesterday.
I want to see what else Youtube, who is Google, is hiding
No Shit! I said they were months old as they were kept hidden up until yesterday.
SMFH
Every truck they sell LMC is losing money …. Revenue is needed to continue operating but they are in deep shit now and the economy is not helping. LMC is behind by 12 months with Foxconn and we all know if it was not for Foxconn LMC would be chapter 7 or -11 by now. I don’t trust current management and the fact that Burns still owns about 20% of the company he will dump shares anything above his last dump $.87 makes a lot of sense now . About 70 million Burns got from selling stock and he is a free man not even convicted by the SEC yet . Goes to show you how money just buys people here …. It happens everywhere not only in America but the white collar stay in a special house with your kitchen and become your own chef and get to watch Netflix.
“The next quarterly will justify the direction. Revenue and profit will justify the pps."
Yes but this Q you may see $.30. -$.50 swing . I’m waiting on the sidelines .
They're not concerned about current SP, me neither.
That video I posted explains this and the magnitude of the big picture.
I add more when it's pulled down like this. It's a blessing
The next quarterly will justify the direction. Revenue and profit will justify the pps.
CEO Edward T. Hightower shares major plans for EV fleet.
Edward Hightower explains MIH EV JV as the CEO of MIH EV
Great video that was hidden for months and just surfaced with a 3 month old date. Why?
We all know the Auto Workers Union hates Lordstown Motors for being non-union but intentionally dismissing and keeping the truth hidden will only hurt ICE unions in the end.
Nobody is shutting unions down or breaking them. They are simply being phased out as Hightower, the CEO of MIH EV explains in video. There is room for both union and non-union and ultimately the worker will be the one who decides where they want to be.
Hightower also explains the compatibility with parts, ecosystems, logistics and supply chains
that will turn the automotive world upside down collectively.
Jack, the CEO of Foxconn said earlier, the Endurance will be the first of the first 100 that
will enter the MIH EV pipeline of production.
New Last Mile EV Delivery vans pictured in video
with Lordstown Motors trade mark brand.
Amazon? Possibility?
The pictures I posted with the vans were definitely at Lordstown and posted by an employee.
Agree OPKO…
Hightower is a clown !
What a terrible company
$.50 is where this belongs but I still see another 25% cut to around $.40 considering their upcoming reverse split and lousy updates and no firm orders of over 2k . This truck is not selling because there is lousy CEO Hightower who put us all here in this mess.
The timing is terrible also based on the economic outlook the next 12 months . Bidenflation and Stagnation
****Exclusive: New Lordstown Motors CEO Edward T. Hightower shares major plans for EV fleet CBT News
I posted a van from Lordstown Motors last year that was covered by a cloth sheet but we could see the outline was indeed a Step Van.
The picture itself was quickly taken off the internet.
I knew then that something was brewing and at the time, they must not have wanted it disclosed. Workers may have posted it without company approval.
I sent a few emails of it and them too vanished with a broken link.
Foxconn is known for saying less and producing more.
MIH Consortium Unveils Innovation Hub Plan to Strengthen EV Ecosystem in North America
Las Vegas – The MIH Consortium, an initiative led by Hon Hai Technology Group (also known as Foxconn), has announced plans to establish an Innovation Hub near its Ohio facility. The Hub will bring together global supply chain partners to collaborate on electric vehicle (EV) and mobility projects, as well as new technologies for automakers. The goal of this effort is to accelerate EV innovation and revitalize American manufacturing. By using Foxconn’s resources and infrastructure in the United States, the MIH Consortium is creating an ecosystem for the entire EV development process.
At CES 2023, the MIH Consortium showcased a range of EV applications with automakers such as Lordstown Motors, INDI EV, and Monarch Tractor. These demonstrations included commercial fleets, consumer vehicles with entertainment and gaming features, and agricultural innovation, showcasing the versatility of the MIH ecosystem and its potential to serve a wide range of markets and industries.
“The MIH Consortium is not only a pioneer in the open EV platform but also an expert in the automotive supply chain,” said Jack Cheng, CEO of MIH Consortium. “There are many emerging EV brands in the US market that need the support of diverse supply chain partners. The MIH can bring together top partners from around the world, allowing original equipment manufacturers to communicate directly and break the hierarchical model of the traditional automotive industry. This will help accelerate the development and mass production of new EVs.”
The Midwest region plays a significant role in the global automotive industry. As the world shifts towards EVs and new mobility services, the region’s abundance of talented workers and automotive supply chain will bring new opportunities for the US auto industry and economic development. Foxconn currently has two factories in the United States: one in Wisconsin that primarily focuses on ICT products and has potential as a development hub for the EV industry, and one in Ohio that primarily focuses on manufacturing Lordstown Motors commercial pickups and other vehicles. “These two factories are located along an automotive corridor that spans several states in the Midwest, which will help drive the development of the entire supply chain,” said Cheng. “By leveraging the resources of Foxconn, the MIH Consortium will be able to greatly deepen and broaden its partnerships in the North American ecosystem.”
The MIH Consortium also sees significant potential in the B2B/B2B2C market, working with fleet operators and mobility service companies to explore new user experiences in areas such as delivery and logistics. The first step in this effort, announced at MIH Demo Day in November 2022, will be to create a three-seater vehicle called Project X, followed by the launch of six- and nine-seater models for the North American market.
At CES 2023, the MIH Consortium partnered with several key companies to showcase its latest solutions. These partners included TomTom, a leading mapping and navigation company; VicOne, a company specializing in vehicle cybersecurity; Foxconn Industrial Internet (FII), a provider of smart manufacturing and industrial internet solutions; GIS, which focuses on touch technology; and TIER IV, a leader in autonomous driving. Together, these companies are actively pursuing the significant business opportunities in the North American EV market.
It's OK, it dropped back down that .03 today.
This is like watching a slow moving train wreck waiting for the chemical cars to start exploding. You know it's coming, but it's going to take a little while for the flames to reach the right car to kick it all off.
The next news will wipe out shorts.
May quarterly will expose massive progress with MIH
and huge revenue streams.
Short sellers and corrupt hedge funds are worried
about a head fake rs were there will be none.
EBS to kick in and last 10 days with no internet or phones.
Govt. contracts are huge, 6 and 9 seat custom units already
in progress.
Corrupt short selling hedge funds are out of gas.
RS is coming and has already been proposed, reverse stock split ratio ranging from 1:3 to 1:15.
This company has scammed many investors, and Steven Burns should be in jail. It's about time to start talking about a class action since it's obvious the SEC is not going to do their job and the only people who will make money from it if they do, is the government.
I agree - time for an episode of American Greed on this.
Shorts are filling orders at the ask for less than the order price.
We are over the target.
Nu Ride's new five-person board is expected to appoint William Gallagher, managing director of M3 Partners — a transaction advisory firm in New York — as Nu Ride's president and CEO, according to the regulatory filing.
Gallagher faced a situation similar to Nu Ride as CEO at WMIH Corp., the public acquisition corporation that succeeded Washington Mutual Inc. — the parent of WaMu Bank in Seattle that was seized by federal thrift regulators in fall 2008. By January 2015, the shell company left over from the failure of Washington Mutual had raised close to $600 million to pursue acquisitions of financial companies that could benefit from its huge, tax-deductible losses, according to a report by the Seattle Times.
Gallagher took over as leader of WMIH in May 2015 "to oversee its acquisition strategy and manage its day-to-day affairs," according to M3 Partners.
He was responsible for "reviewing, vetting and analyzing a large number of potential target companies from a variety of different sectors and industry groups," M3 says.
"Ultimately, WMIH acquired Nationstar Mortgage Holdings to form Mr. Cooper Group," M3 says. Gallagher departed from WMIH after closing the Nationstar acquisition in July 2018.
Bill Gallagher has more than 35 years of experience in finance, investment and financial restructurings. He brings deep expertise in credit analysis and has long-term management experience in the financial services industry.
Prior to joining M3, Bill was the Chief Executive Officer at WMIH Corp (NASDAQ:WMIH), a public acquisition corporation which was the successor to Washington Mutual, Inc., from May 2015 to July 2018. Bill was recruited to WMIH to oversee its acquisition strategy and manage its day-to-day affairs. While there, he worked closely with WMIH’s strategic financial partner, Kohlberg Kravis Roberts & Co. At WMIH, Bill’s responsibilities included reviewing, vetting and analyzing a large number of potential target companies from a variety of different sectors and industry groups. Ultimately, WMIH acquired Nationstar Mortgage Holdings (NYSE symbol NSM) to form Mr. Cooper Group (NASDAQ:COOP). Bill departed from WMIH upon the closing of the acquisition of Nationstar as his job at WMIH was completed.
Prior to WMIH, Bill was CEO and Chief Risk Officer at Capmark Financial Group, formerly known as GMAC Commercial Mortgage (from March 2009 to May 2015). Bill was retained by Capmark to manage its financial restructuring following the global economic crisis and was responsible for the management of the company’s day-to-day affairs, the restructuring of both the company and its assets (including its $15 billion commercial loan portfolio), its bankruptcy process, and its winding down and distribution of assets to creditors and other stakeholders. Capmark was a highly successful restructuring as Bill and his colleagues significantly increased the recovery value to Capmark’s creditors.
Before joining Capmark, Bill was the Chief Credit Officer of RBS Greenwich Capital, the US fixed income investment banking business of the Royal Bank of Scotland, where he was responsible for all aspects of credit risk management. While at RBS Greenwich, Bill was responsible for a wide variety of US corporations and buy-side companies, including corporate borrowers and debt issuers, financial institutions, industrial companies with captive finance businesses, and a variety of US corporations who traded various securities with or through RBS Greenwich.
Earlier in his career, Bill was a Vice President at First Boston Corporation in that firm’s credit risk management department. At First Boston, Bill was responsible for managing credit risk to a wide variety of corporate issuers and financial institutions. Bill began his career at Chemical Bank, where he completed the bank’s credit training program and then worked as a loan officer in the middle market division and a credit officer in the financial institutions division.
Bill has a B.S. in business administration from Syracuse University and an MBA from New York University.
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