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This directly says, we are over the target. Invited? Recruited?
You can't keep a good stock down. Shorts preparing to burn like no other. The trap is set.
Hi I am a NEWBie to stocks, I just inherited $105,532,785.42 and wondering if I should invest in this
Any help will be appreciated
R/S-adjusted price…21 cents.
BWAHAHAHA!!!
They must have a deal, going up like this. Now 3.14 while shorting with European Garbage isn't working so hot anymore. LoL
Algorithm trading taking a beating.
Short selling banks are collapsing. Their demise awaits them.
HONG KONG -- An exodus of Chinese millionaires is expected to continue this year, according to a new report by investment migration consultancy Henley & Partners, as the economy slows and the government tightens political controls.
China is expected to see a net outflow of 13,500 high net worth individuals this year, extending the loss of millionaires in the past decade, according to the Henley Private Wealth Migration Report.
While the country is estimated to have 823,800 millionaires, the emigration trend could see millions of dollars brought with those leaving, which could worsen China's sharp economic slowdown. Henley defines high net worth individuals as people with more than $1 million in investable wealth.
"General wealth growth in China has been slowing over the past few years, which means that the recent outflows could be more damaging than usual," said Andrew Amoils, head of research at New World Wealth. "China's economy grew strongly from 2000 to 2017, but wealth and millionaire growth in the country has been negligible since then."
Globally, 122,000 rich individuals are forecast to migrate this year, topping the record high in 2019, according to Henley -- which derived its forecasts from inquiries and data for the first six months of the year.
Emigration enquiries from East Asian clients skyrocketed after pandemic restrictions were abolished at the beginning of this year, exceeding the 2019 peak figure by 15%.
"There are those who wish to improve their mobility with greater visa-free access to key regions, or secure better access to health care, or enjoy greater political stability," said Denise Ng, director of Henley & Partners Hong Kong.
Chinese President Xi Jinping cemented a third term and has recently cracked down on private businesses with a series of raids on consulting companies, while tightening the government's leash on the tech and financial industries. Bao Fan, founder of investment bank China Renaissance Holdings, mysteriously disappeared in February before his company announced he was assisting in an official investigation.
Singapore has emerged as a hot spot for Chinese money since the government in Beijing imposed draconian coronavirus measures that isolated the country for nearly three years and accelerated emigration of the super rich last year. The inflow of wealth into the city-state has fueled increases in house prices and other costs of living. Around 10,800 millionaires emigrated in 2022, Henley & Partners said.
Hong Kong is also expected to see 1,000 millionaires emigrating this year, which could hamper efforts by the city's government to lure the wealthy and turn the financial center into a wealth management and family office hub.
Ng said more high net worth individuals from northern Asia are seeking to move to Europe, while fewer are looking to move elsewhere in Asia, with applications for Asian migration programs dropping 20%.
Overall demand has soared with a record number of investment migration program enquiries in the first quarter, the investment migration consultancy said.
Although wealthy individuals have historically tended not to move to countries where they acquire residence rights or citizenship, there has been a shift to relocating their families amid "recent and persistent turmoil," the report notes.
The number of millionaires expected to exit India, which overtook China to become the world's most populous nation earlier this year, came second globally. But the predicted net outflow for 2023 was lower, at 6,500, compared with last year, due to growing numbers of new rich.
Australia is expected to attract the biggest net inflow of high net worth individuals this year at 5,200, while Singapore is forecast to receive a record-high net inflow of 3,200 wealthy individuals, according to the report.
https://asia.nikkei.com/Economy/China-millionaire-exodus-to-continue-this-year-report?del_type=1&pub_date=20230613190000&seq_num=9&si=6d3a4a7d-2764-406e-9c46-4aa2cd7bf3b8
Production of what?
John Wayne sure had it right when he said you can't save stupid.
It's all a head fake. Plant is operational and has been. Boots on the Ground are busy with production.
RIDE is being gas lighted.
Blackrock, Vanguard, State Street, Rothchild's and Rockefeller's are going down and are in a serious mess. RIDE will have last laugh.
$ride is officially garbage. It is suing itself.
That takes you on the road to nowhere really quick. Down she goes. IMO
And what might that announcement be?
SG you always seem to be optimistic, after all of the recent events, and the direction of the position, what could possibility could result in a positive pop-announcement?
Just one announcement away from a slingshot Pop!
Multiple EV's in line for production on the MIH EV platform. It's coming.
$192M of CURRENT ASSETS as of March 31st. Just $108M cash.
Link for your info?
FORM 8-K
June7, 2023
https://investor.lordstownmotors.com/node/9246/html
Item 8.01 Other Events.
On June 7, 2023, the Company received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that the matters raised in Nasdaq’s April 19, 2023 letter regarding the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1) for continued listing on The Nasdaq Global Select Market (the “Bid Price Requirement”) were now closed.
As previously disclosed, the Company and Foxconn (as defined below) have a dispute concerning whether the April 19 Nasdaq letter regarding the Bid Price Requirement caused a failure of a condition to closing Foxconn’s purchase of approximately 10% of the Company’s Class A common stock for $47.3 million (the “Subsequent Common Closing”). The Company believes that there was no failure of any closing condition and, in any event, the Bid Price Requirement has been met and the Company remains ready, willing and able to close the transaction as originally required by the Investment Agreement (the “Investment Agreement”) entered into by the Company on November 7, 2022 with Foxconn Ventures Pte. Ltd., an affiliate of global technology company Hon Hai Technology Group (“Foxconn”).
On June 5, 2023, the Company received the letter attached hereto as Exhibit 99.1 in which Foxconn did not acknowledge its obligation to complete the Subsequent Common Closing and instead asserted that Foxconn’s reading of the Investment Agreement would not allow for the adjustment of the number of shares to be purchased on account of the Company’s recent reverse stock split. Foxconn’s interpretation would give Foxconn the right to purchase a windfall of over 60% of the Company’s Class A common stock for $47.3 million. The Company rejects Foxconn’s interpretation of the Investment Agreement and has so advised Foxconn in a letter dated June 7, 2023 attached hereto as Exhibit 99.2.
The matters set forth in Exhibit 99.1 and Exhibit 99.2 are incorporated by reference herein.
In light of Foxconn’s conduct, the Company believes that it is unlikely that Foxconn will complete the Subsequent Common Closing. The Company believes that Foxconn’s various breaches of the Investment Agreement and pattern of bad faith have caused material and irreparable harm to the Company. Absent a prompt resolution, the Company intends to enforce its rights through litigation.
400 million now, SMH it's been reported to Edgar or the SEC.
400 million! Check the reports.
6 months ago
BWAHAHAHA!!!!
Let’s see see if Lordstown motors delivers a death blow to shorts this week, or if it’s self inflicted.
220 million. That’s not bankrupt little buddy!
Lordstown Cash On Hand
You tell me what this says then.
No viable product means no real revenue. Same difference.
Short selling central banks are all insolvent, worldwide.
Loser Brokers and Hedge Funds are the ones going bankrupt at an accelerated level and speed.
No fear here, Hightower has it under control.
Lordstown is not bankrupt. What nonsense is this.
Lordstown is bankrupt, It's only a matter of time until they're forced to announce it, but they're trying to hold out until the last instant. So hard to believe Steve Burns is walking around a free man.
D-day is this week for RIDE.
Will Foxconn follow through after RIDE NASDAQ compliance or continue in its legal breach of the contract with Lordstown?
I am actively looking for the best publicly-traded company in the tinfoil-hat space.
RIDE “investors” have any suggestions? I think I could clean up. Beats RIDE, whose adjusted price is less than 20 cents.
I agree, Blackrock, Vanguard and State Street are already insolvent with multiple thousands of deep state central banks worldwide.
The entire Earth is moving to Gold and Silver backed currencies with BRICS. The Fiat central bank Swift system days are over.
Citadel and others are soon to vanish and won't be allowed into BRICS.
Margin calls will now be paid in Gold, Silver and precious metals assets where Fiat dollars will not be accepted.
The reverse stock split occurred because Citadel, Goldman coordinated with MMs to sell the stock to under $1 in order to frustrate to Foxconn deal, destroy shareholders (unintended victims), as they stalk me and attack any stocks I own. I have several active ongoing SEC, DOJ, FBI complaints regarding the fraud/crime. "CRIME," because they also hacked my PCs to gather information to continue manipulating stocks in my portfolio. These are facts that are contained in the complaints with regulators and FBI.
You can see www.marketmakerfraud.com on why the MMs are coordinating to manipulate RIDE. See Twitter posts under @igbo_man.
Extremely Low volume head fake while Central Banks fully insolvent, worldwide.
Let’s see…
…What’s $3.09 divided by 15?
Oh yah…$0.206.
Buying this stock is as bad as buying a Bud beer or their stock.
Govt. contract for 6 and 8 seaters in the midst.
Just a single announcement will crash short selling banks
and Hedge Funds. Blackrock and Vanguard already holding
on for dear life.
Thousands of central banks have already closed. 4800 in the US alone.
RIDE is stepping on its own d—k because it doesn’t have a vehicle to sell.
That’s it. Plain and simple.
The Govt. is stepping in on this one.
Shorts will be crushed.
LOL - what do you mean? Everyone likes to stop for a recharge every 90 minutes - it's called Union Rules buddy!
production version has an EPA Combined range of just 174 miles
FAILURE
Europe? Right. Or maybe Australia. SMH LoL
Didn’t you once sing his praises?
Do you believe that this stock is dead in the water?
Edward Hightower reminds me more and more of the Rev Hightower in the Scarlet Letter. He was father to Scarlet in Hawthorne's Scarlett Letter.
He should be made to wear a badge of shame in SCARLET for his screwing the shareholders.
Charity begins at home.
Where are the Great Lakes located?
Criminal.
Steven Burns needs to go to jail.
If you had invested $250k back when Steven Burns was saying they had 100k firm pre-orders and would start production by September of 2021, you now have approx. $2067.00 residual value left in your account after today's RS - or in other words, you've lost $248k of your "investment".
And not a single word from the SEC.
Looks like this scam will be dropping about .50 per day until we are under $1.00 again.
LMFAO
It’s over DP. Time to move on and cut your losses.
This will be under $1 before 10 days gets here!
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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