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There can be some short term fluctuations sure. But over the longer term it's obvious this company is on it's way into bankruptcy - as part of that, I'd expect some reverse splits coming soon in order to consolidate their losses while they're in the death throes. I wouldn't put a single dime more into this company personally.
Bull shit. Your misleading information is in direct contrast to the Feds guarantee and Chairman Youngs statements:
Taiwan’s Hon Hai Precision Industry Co. parked capital with investment funds that in turn funneled money into startups that banked with the California lender, Chairman Young Liu said. It’s now going through its books carefully but anticipates minimal impact since the Fed has guaranteed SVB’s deposits, he told reporters after reporting results Wednesday.
$1.50 or higher when Hightower announced production back in okay!
$5.00 or higher if he announces an OEM!
Stock is undervalued with enormous potential!
$.50 or lower is possible if LMC remains silent the next 2-3 weeks .
Bull Shit, RIDE has 220 million in the BANK!
Research! DD, RESEARCH! DD! Research! DD!
220 million in the BANK!
220 million in the BANK!
220 million in the BANK!
Foxconn already bought out 100% of the preferred and 18% of the common stock.
RESEARCH! DD, Research! DD SMH
They will be bankrupt by the end of this year. It remains to be seen if FC will buy them out to take ownership of the paltry amount of value in their "intellectual property" or just let them fail completely and continue on without them using a more conventional electric drivetrain for the MIH platform.
At least 50 cents or lower.
Production is still halted here and from what I gather it maybe another week to a month according to Hightower. Let’s say in 2 weeks before they resume production but that means 2 weeks of the PPS mostly tanking to new a low the next couple of weeks. $.60
Only one who needs to have their head examined is the one who bought at $2.40 and dumped for a huge loss.
What a guru!
https://www.foxconn.com/en-us/investor-relations/event/71
Regard Hon Hai's Conference Call
Foxconn took big hit with Silicon Valley Bank Collapse.
One radically bound to Hon Hai, as many on this board, may want to see just how much a white Knight Foxconn is going to be for the Endurance.
LOL!
Anybody who thinks liquidity isn't a problem for Foxconn now should have their head examined.
Plus another 100 million that will come from FOXCONN to LORDSTOWN for MIH.
But according to some they are going bankrupt.
LMAO
I'm fairly certain it was just reported that Lordstown Motors is sitting on $221 million in cash. Are you saying that this amount is insufficient to execute production in the short run. If so, when do you anticipate they will run out of this cash?
RIDE 45% MIH EV partnership. Foxconn 55% It's in the filing.
Huge! Equates to the reason for the Foxconn 170 million investment
for 100% RIDE preferred shares and 18% of the common.
It's in the filings and explains the massive $170 million investment and
the partnership.
They filed the top notch partnership with the SEC.
RESEARCH! will show the massive worldwide collaboration
Lordstown has 220million in the bank.
LMC can’t make it on their own and even with Foxconn unless Foxconn bails them out and gives them more financing. LMC most likely will be force to reverse split get the PPS higher and dilute the stock further.
Whats more likely a RS or a positive announcement in next week or two that moves the share price up?
It’s not rocket science and I think most know the answer.
Have fun with the chase!
Will only tun if the reduce the float somehow. RS….
Looks like you won’t be buying!
Maybe chasing this up once an announcement is made in the next week or two!
Just like it go a quarter so I can buy.
Lordstown communicated nothing of the sort. This is misleading information posted .
Ah…the “next platform”. Or the one after the next? Or the one after that? RIDE kicks the can down the road. Meanwhile, the Endurance is on life support, with RIDE considering whether to pull the plug.
Says you. Let’s see what happens. RIDE needs an OEM partner. Hightower said so himself. RIDE alone cannot produce a truck that can be sold profitably.
Lordstown said Foxconn has so far invested $52 million, of which $30 million is earmarked for a new EV platform, which will incorporate components and engineering developed by the Mobility in Harmony Consortium (MIH), a Foxconn-led effort to develop an open architecture for electric vehicles.
Lordstown said that the next platform and vehicle program are “key” to its long-term strategy.
“Our asset-light business model and collaboration with the Foxconn EV ecosystem, including MIH, will provide the opportunity for Lordstown Motors to create winning EVs that are tailored to the needs of customers that use them for various work applications, while gaining the cost benefits of scale,” said CEO Edward Hightower in a statement.
Lordstown only stopped production until recall issues are all addressed, then production comes back online.
A few weeks and we will receive notice of production back online according to the CEO.
The best way for RIDE to conserve cash? Stop producing vehicles. Mission accomplished.
Not for very long . They don’t have enough money to build 2500 trucks . Only money for 500 but no one seems to buying fleet trucks now and LMC came in to #3 truck of the year ? Something doesn’t seem right. The longer management waits to release news the more this will tank . I’m sure this is close to bottom . My target is $.60
What’s up with the other 34 trucks built?
Lordstown Motors said Monday that despite delivery delays and larger losses than expected in Q4, it has about $220M in cash and ain't scared. Since the EV start-up went public, supply costs and challenges have made even well-established OEMs change their footing.
“Lordstown is now looking at a contract with Foxconn on a new EV program while working to resolve issues with its Endurance pickup truck. To date, the brand has built around 40 trucks and delivered 6. “
https://www.asotu.com/article/lordstown-has-cash-and-a-plan-volvos-electric-cement-and-honda-marching-to-its-own-drum
Let’s be realistic. How long can they burn $200 million in cash each year with no revenue. They are going to have to dilute this stock to keep a float
Foxconn will not invest more. Look at the history. Workhorse, selling all the assets, Burns ripping the company off. Etc
MIH….BWAHAHAHA!!!! No Endurance.
That's bullshit, Hightower and Foxconn said mass production
in the video I posted.
Truth directly coming from MIH EV outweighs the nonsense
bull shit claims. SMH
“Hightower says the company would announce ‘in the coming weeks’ when it would resume production of the Endurance.”
See Post #5791. Straight from Hightower. No partner…no Endurance.
Don’t really care who agrees with you on this board or any other board.
Again, what matters to me is FOXCONN’s belief in LORDSTOWN, and backing that up with MILLIONS OF THEIR CASH in the partnership!
LORDSTOWN WILL BE JUST FINE!
Those are words Saving Grace..
We need to see action!
Until then it’s just talk and that’s it!
I hope they are right, but 95% of the people on this board will agree with me action moves SP, not talk.
I hope you see my point….
Others will most likely agree with me
The video I posted disagrees with that bullshit comment.
We are going into critical mass production as Jack of Foxconn and
Hightower from Lordstown Motors explan in detail.
The truth from the horses mouth, outweighs the bull shit.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171435321
Almostthere
The company hasn’t performed in any positive manner, you can’t dispel that.
I once believed alas it’s been nothing but bad news after bad news..
You can’t disagree with that…
Don’t put your hope in me.
If you are invested here you should be putting your belief in the company and what they are doing despite all the negative banter on social media.
You either believe or short!
Let’s hope you two are correct..
Proof is in the production & output!
Anyone can talk about it!
Best,
WW
Hightower explains entering critical mass production.
RIDE and FOXCONN are committed to getting OEM(s) for the endurance and believe it’s primed for OEM’s!!!
YAFOS! Show us we’re that is stated.
RIDE doesn’t even know if the Endurance will continue to exist.
BWAHAHAHA!!!
Underestimated power of the Foxconn/Lordstown partnership.
Lordstown will do just fine with endurance and MIH.
FOXCONN is 100% behind them. That’s all that matters to me.
The rest is just noise makers making their own noise.
In two to three weeks we will be at $1.50+ again.
Don’t let the shorts steal your shares from you!
And the fact that tractors do virtually nothing for RIDE…or Amazon… remains to 800-pound gorilla in the room.
Lordstown Motors News: CEO Panel Discussion from CES 2023 - legal news and major Foxconn news #mxux
He is correct Saving Grace..
RIDE is not in the tractor business, you are grabbing at desperation my friend.
Sorry….
And this has what to do with LMC. Besides absolutely nothing
Steve Burns cashed out 59 million dollars in the last 12 months . I don’t think he has made this much in his life in one year. And he is a free man ! Only in America!
To show just how bad the EV Market is other than TESLA - 34%
Per today 1-year Percentages Down
OVER the last Year
Rivian - 64% Down
Ride - 63% Down
Canoo - 93% Down
Workhorse - 54% Down
Nikola - 76% Down
Fisker - 43% Down
Lucid -65% Down
Ford -25% Down
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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