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Seems to me that the trading activity and the surge in PPS indicates a precursor to Short Squeeze. Lot's of posturing going around now.Short interest grew from 18.3 percent two weeks ago to a current 22.66 %.
Those purchases I made at the two point zero level look mighty good today.
Appreciate all of the great DD done on this board!
Never Quite Made It, Balloon burst back
A total loss.
Dead Presidents is spot on and is trackin you.
Burst Balloon Boys going to explode on Monday.
Talk about a shortie's trainwreck.
As I recall, this is not LMG's first attempt at making a comeback:
https://forum.mygolfspy.com/topic/7692-making-a-comeback-liquidmetal-golf/
Also, John Kang et alia, still own a minority interest in LMG.
Therefore, he will make some money, perhaps.
But LMG, being a subsidiary of LQMT, means that it must follow the PLA which gives Eontec marketing rights in Asia. (Last time I checked, Chiba was still in Japan and Japan was still in ASIA.
Don't know whether or not this is a red flag, but:
SHOW ME THE FRICKIN MONEY.
When's the last time we received one nickel from I-Golf?
This is pure conjecture on my part:
Before Monday, May 9th, I expect there to be another transaction, by a third party deep pockets, to make an investment in RIDE which will more than sufficiently cover any down-payment or other payments required in case of a failure to reach an agreement by May 14.
If, in fact, Foxconn has not been negotiating in good faith to reach an agreement by May 14, then, a white knight third party (say Carl Icahn, for example) would jeopardize any attempt by Foxconn to seize the plant by foreclosure.
It is very hard for me to believe that Ninvaggi and Hightower have not developed a hip-pocket PLAN B to cover this eventuality.
After all, if Lordstown had another source of funds, then they do not have to grovel to Foxconn.
Indeed, it may be exactly due to a PLAN B as described above, that there has been a two week extention, and all of this pending on bargaining in "good faith" (or lack thereof) by Foxconn.
And, please recall, that the "friends" that Dan Nivaggi has access to, have not yet been called upon to keep his effort afloat.
Of course, this is, as stated, PURE CONJECTURE. There is no known evidence to substantiate my scenario, at all.
There is no question that the shrewd investor buying today at USD 1.90 will have a five fold increase within the year. No question.
This stock is not meant for the jaw flapper, penny arcade players.
It is very important to understand that the pulling out of Foxconn from Wisconsin was a decision made solely by Terry Guo, former president and ceo.
Terry Gou, while still a director, and influential, however, stepped down from his chairmanship role in 2019...long after the fall out from the Wisconsin deal.
There is a new chairman, Liu Yangwei, and also a new CEO overseeing the Lordstown deal.
The situation is different and Foxconn is committed to the EV market.
It can't afford a mis-step in the US market. PERIOD.
All caboose, Padre, loco, but no locomotive.
All Hat, No Cattle
End of discussion
Ya think ya got the last laugh, Padre?
You said Lordstown was DOA on April 30th.
Guess you called that one wrong, didn't ya?
And, all the way from the Caboose.
I loaded up yesterday and today.
Looks like Lordstown has added some beef to its bargaining power.
Soon to be announced.
What happened to the contracts Steipp, Bromage and Chung promised.
No Integrity.
Anyone remember that all three said medical would be first.
What we ended up with were MA knives and guitar pins.
Those guitar pin sales are really busing Lugee li's productive capacity.
Remember how he put medical first, too. Remember Leader?
Seen any of those dissolvable screws lately in any bone surgery?
This company and stock is going to hell in a hand basket!
Note, the common denominator the trio above:
Lugee Li
All Hat, No Cattle
Foxconn is all over this Company. Arms reach.
YOU are right. NO ONE or a NOBODY would touch this with a ten foot pole.
Anybody else WOULD.
Yep, LQMT is Always Boast
But Never the boost.
Like a train being pushed
by the Noise in the Caboose.
In other words,
ALL HAT and
NO CATTLE
Just the noise and
Prissy Prattle
There is always a white knight who will front the down payment.
Best is a review of the checkered loser lugee down payments that have come the way to the loser stock LQMT at the last minute, to boot.
Lot more going for the upward RIDE on a Lordstown ENDURANCE than the one way SLIDE of LQMT LIMP.
Common sense always fails to penetrate BBB.
This leads to massive amount of whining.
Agreed. Bought 50000 shares at 1.97 today!
I will be jumping in at the sixes.
This is the price which never there touts incessantly.
This is the entry point which makes millionaires!
Tony Chung is a big boy. Look what's happened under his leadership!
He is getting rolled, and, along with all of his promoters.
Penny stock BBBoys of LMT league don't belong in RIDE.
Do you mean net positive earnings?
Not until the company is bought out by a company that cares about making a profit.
Behind the curve, madre. RIDE hit USD 1.99 or double bottom, this morning. Time to wake up.
That boat is full of holes and bilge.
Things stil look good, if foxconn wanted to try to steal the factory by canceling the deal, they wouldnt have extended the deadline, and I doubt cifus woukd allow a takeover, when cifus approved under the condition of both companies partnering
This is your post:
“According to a regulatory report in February, if the purchase agreement is terminated or the transaction doesn’t close by April 30, Lordstown Motors must repay the payments by Foxconn, and has granted “Foxconn a first priority security interest in substantially all of our assets to secure the repayment obligation.”
The filing with the U.S. Securities and Exchange Commission also states if the purchase agreement does not close, Lordstown is unlikely to have enough money to repay Foxconn’s downpayments.
“As a result, Foxconn may exercise its rights under the APA (asset purchase agreement), including, but not limited to, foreclosing on its liens on some or substantially all of the company’s assets. Under such circumstances, we would not likely be able to continue as a going concern or realize any value from our assets.”
Anyone reading the Company's Press Release below knows that it is materially different than your post above.
And, it is the latest situation:
To wit:
Lordstown Motors Announces Timing of First Quarter Financial Results and Webcast; Provides Update on Foxconn Transactions
Fri, Apr 29, 2022, 16:15 pm ET - 3 minutes ago
https://www.stonkmoon.com/news/RIDE/88e87f594515d05ab95acef199536086
LORDSTOWN, Ohio, April 29, 2022 /PRNewswire/ -- Lordstown Motors Corp. (Nasdaq: RIDE) ("Lordstown Motors"), a developer of electric light-duty trucks focused on the commercial fleet market, today announced that it will release its first quarter financial results before market open on May 9, 2022. The company will then host a conference call at 8:30 a.m. Eastern Time.
The call can be accessed via a live webcast accessible on the Events page of Lordstown Motors' Investor Relations website at https://investor.lordstownmotors.com/. An archive of the webcast will be available shortly after the call.
Lordstown Motors is also providing an update with respect to the pending transactions under the asset purchase agreement entered into with Foxconn EV Technology, Inc. ("Foxconn Ohio"), an affiliate of Hon Hai Technology Group ("Foxconn"), on November 10, 2021 (the "APA"). The APA provides, among other things, that Foxconn Ohio will purchase the Lordstown facility for $230 million and reimburse certain operating and expansion costs incurred by Lordstown Motors from September 1, 2021, through the closing. To date, Foxconn Ohio has made down payments of $100 million on November 18, 2021, $50 million on January 28, 2022, and $50 million on April 15, 2022. On April 9, 2022, the parties received clearance of the transactions from the Committee on Foreign Investment in the United States (CFIUS).
The closing remains subject to additional closing conditions, including further negotiation and execution of a contract manufacturing agreement.
Under the APA, the parties also agreed to use commercially reasonable efforts to enter into a joint venture agreement for the purpose of jointly designing, engineering, developing, validating, and launching vehicle programs for the commercial vehicle market in North America and internationally using Foxconn's Mobility-in-Harmony platform. To date, no agreement has been reached, although discussions are continuing.
No assurance can be made that the APA will ultimately be consummated on the terms contemplated, or at all, or that any joint venture or related funding structure (the "Joint Venture Agreement") will be reached or as to the terms of the Joint Venture Agreement. Pursuant to the APA, if the contemplated transactions are not consummated by May 14, 2022, then, subject to any defenses and/or other claims it may have, Lordstown Motors would be obligated to repay the down payments to Foxconn by such date, unless the parties have agreed to an extension of the repayment deadline. Lordstown Motors has granted Foxconn a first priority security interest in substantially all of its assets to secure the repayment obligation and does not currently have sufficient available cash to repay the down payments by the repayment deadline. See "Forward-Looking Statements" below for additional information regarding risks and uncertainties relating to the potential Foxconn transactions and otherwise that may affect Lordstown Motors' prospects, future results and ability to continue as a going concern.
Lordstown Motors expects to provide further updates regarding the status of the APA and related transactions as part of its earnings announcement and conference call on May 9, 2022. The italics of yours were replaced today by the italics today
PERIOD
There is no wiggle room here.
PERIOD
What we have here is a failure to communicate. -
Cool Hand Luke
Sorry, but your allegations are superceded by:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168704848
We the Market consistently reports the facts and on a timely basis.
I, for one, put more reliance upon Lordstown's public records. Your info is out of date.
Sorry, but that's just how it is.
Short interest has increased from 18 per cent to 18.3 per cent in the last week or so.
Shorters are going to get wrenched!
As for me and DP, we are getting to take a ROCKET RIDE!
There is no way that Daniel Ninvaggi is going to be snookered by some half-baked, half-crazed Wall street short-sellers. He's going to FRY DER ARSES.
Does anybody believe that he doesn't have a plan B with Carl Icahn?
Riddle me this, riddle me that, and the joker to boot!
It is now 0300 hours, April 30th, 2022 in Taiwan.
At 1700 hours, or 14 hours from now, will be the close of business of Taiwan Saturday business.
Therefore, any statements as alleged are not statements of fact because the international time difference has not been considered.
To state that the deal should be done as of the time of the post 14 hours prior is incomprehensible. (Friday, April 29, 2022 2:19:11 PM New York Time)
Even if a stopped clock is right twice a day, such a post about the deal being done simply is not right at all. It is dead wrong.
Not to mention that, COB New York time is tommorrow at 5PM, Eastern Daylight Time, the same as in Lordstown, Ohio and Detroit Michigan.
So it is 25 to 26 hours before a DONE DEAL CAN BE DONE PER LETTER of AGREEMENT between Foxconn and Lordstown.
A Word to the wise is sufficient.
"We"?
Sorry, there is no credibility in "we".
I only recognize "me", "myself" and "I".
Don't think that will ever happen.
Remember, LQMT owns CIP.
Li would be a fool to sell LQMT, albeit, no more the fool than giving away 64 million USD by letting TC squander the sheet out of this husk of a company.
Still, no leak of information on the Lordstown Foxconn Contract Signing......
No News is Good News.
It also means that Foxconn and Lordstown are not leaking out any information.
For me, this is POSITIVE INDICATION.
Get ready to RUMBLE.
Should be a lot of short covering today.
We are JUSTABOOT THERE!
I suspect that an announcement may be made at close of business today, after trading hours, of course.
I also expect another big partner, perhaps Carl Icahn, to make a substantial investment in RIDE.
Indeed, case in point demonstrated vividly by Ford and Amazon Tremendous Losses reported for latest quarter.