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The small cap growth market is at all times low now. It’s not just LMC. Look at Lucid, Rivian , Fisker , Nikola , WKHS ,. I can keep going . My point is that we are in a bear market because of the Ukrainian war then you have inflation and points being raised by the FED. This is what RIDE has to deal with for now .
There is no way Foxconn is going to let this deal go. Once the deal is closed as I believe it should be close on May 14th the PPS should surge to $6.89 where Foxconn first bought the 50 million worth . Depending on the outcome favorable to both parties $10.00 easy. IMO
Lol where did you get the $200,000 for a Fisker Ocean ?
Go ahead and google the price . I do agree that Fisker best interest that the Foxconn deal with LMC is agreed upon and closed on May 14th.
The Fisker Ocean is set to start at $37,499 for the base Ocean Sport trim. The middle-trim Ocean Ultra starts at $49,999, while the more premium Ocean Extreme starts at $68,889. Fisker is also set to offer the Ocean through a flexible leasing programme, secured with a $2,999 'initiation and activation fee'.Mar 21, 2022
The closing of the Foxconn deal is what is going to surge the PPS to new heights. Foxconn has a lot to loose if this deal does not close. Fisker is one and the other is that Foxconn will have to look for another piece of land to develop and it could cost them 3 times as much.
ER on Monday- then closed deal with Foxconn on the 14th . Maybe a surprise this Monday ?
Look at Rivian high of $170.00 now at $33.00 . Over 100 billion market cap disappeared . I tell you these Wallstreet people are the real thieves and like to take money from the small retail investor. I thought that Rivian was a steal at $90 lol. Glad I did not get trapped there.
I believe that the President of LMC is sending a message saying that the Foxconn partnership is still current and actively getting ready to close by April 30th. IMO
I’m looking forward the Foxconn deal closing next week and the PPS heading back to where Foxconn bought at $6.89 and target by end of 2022 of $30.00. I’m not selling anything below $30.00 PPS .IMO
Let’s take the average volume for the past 2 weeks where the stock has gone from $3.65 to $2.36 and you can see about 70 -80 million shares traded . Once the Foxconn deal closes it could see a 100 million + traded that day. Shorts will have to cover. 9 days left for the Big Bang.
I check on Google and according to December 14th 2021 Lordstown motors had 202 employees
“How many Employees does Lordstown Motors have? Lordstown Motors has 202 employees.Dec 14, 2021”
When you look at LMC in Linkedln they have 387 employees now . That is almost double the workforce in 3 months.
Lordstown Motors Corporation
Motor Vehicle Manufacturing
Lordstown, Ohio 33,212 followers
All-electric for all workers. Our mission is to accelerate EV adoption. #RideWithLordstown
View all 387 employees
GM stake was all political. GM wants Lordstown Motors to fail just like Ford does. These 2 companies have been the forefront of pick up trucks for the past 50 years and now they want to go all electric. It’s the nature of the beast with these two big giant car makers for years. They simply just don’t want competition now and GM and Ford are scared shitless . IMO
Lol I can’t see other post here and must be the Bears with their FUD. only a few weeks left until the Foxconn deal is signed . IMO .
Sentiment: Bullish
Yes $6.89
Another Green Day over 10% . If $RIDE can go over $3.66 I believe we see $4.00 soon. Blue skies ahead .IMO
Sentiment: Bullish
Good post. I agree 100% . Foxconn does have a good supply chain.
https://www.supplychain247.com/topic/tag/Foxconn
https://www.digitimes.com/news/a20220328PD203/electric-vehicle-foxconn-mih-alliance.html
“For example, Foxconn announced the acquisition of US-based EV maker Lordstown Motors' factory in Ohio to expand its EV manufacturing base in North America. Lordstown Motors CEO Daniel Ninivaggi said working with Foxconn will help expand their vehicle development, procurement, and manufacturing. Products developed on the MIH platform can further expand economies of scale through shared key components, vehicle architecture, and engineered production lines.“
I believe Foxconn wants this deal , it not only benefits Foxconn but Fisker as well to build their vehicles in the Ohio factory. Foxconn is savings Billions by this deal compared to what they had planned in Wisconsin. Do you blame them for pulling out of Wisconsin? Lol they are very smart in making this deal with LMC . IMO
I’m not pumping . I am a long investor and yes I’m under water since I’ve been buying in the past 6-7 months averaging down. As I said in my previous post as long as the Foxconn deal closes this company has a good chance to succeed. IMO
It’s very unfortunate for those who bought at $30.00 I hope they make back their money .
Congrats for those who bought at $2.00 !
Absolutely my friend. April is the month when the Foxconn deal is sealed and done. I believe we go back up where Foxconn bought shares @ $6.89 . Of course my opinion.
Tic toc, tic toc, tic toc. Time is running out shorts .
Innovation is very challenging and hard to understand . To put into prospective for hub motors is like going from CD to digital . Which is better ? We all know now that digital is better . I believe the hub motors technology is one that will be used in the future of many vehicles. IMO
I believe a big wave $$$$ is coming soon . Carl Icahn. IMO
Big gap expected here as well once the Foxconn deal is announced.
That is a very smart investment decision.
Green all the way in 2022 this is just the beginning. The 2’s about to make history for good. Once the Foxconn deal closes the sky is the limit. IMO
Nice to hear. I see a lot of progress in the future with $MCOA
Two more days for MIH presentation. 5 weeks for Foxconn deal to close . $$$$$ . This could moon . IMO
My order did not fill today @ .$0006 this Is my target to buy and hold for a few months. I don’t believe they will be a reverse split but you never know .
Hey Mojo, I have my first buy at .0006 ( bid sitting ) after selling at $.0064
Jack Cheng on twitter MIH on 3/25/22
Chris Anthony , Aptera CEO will high light Aptera progress in MIH Partners Gathering 3/25 ! See ya ! https://t.co/Zn0JJW3mm5
— Jack Cheng (@thejackcheng) March 18, 2022
I will be buying an Endurance truck myself with the profits . Hopefully by end of year this hits all time high of $32.00 assuming the Foxconn deal closes .
This is do or die. Foxconn deal closes next month and all time high is very possible based on the 750k vehicles for production. The big magic word is 100k Endurance trucks to be built.
By April 30th 2022
Foxconn announced that by 2025 their EV production should 750,000 . Foxconn is also working on other designs for LMC . If the deal closes then $RIDE is out of the fire and the path should be cleared for a 5 billion market cap again. $30.00 PPS . IMO
Foxconn has their 4Q 21 conference call on Wednesday March 16th . 3:00am New York time. More on Foxconn EV project reveal .
After hours volume must be high . I thought I saw about 5 million shares traded up until 4:00pm ?
Looking at the short percentage being trade seems like MM’s just passing the ball to each other . IMO
I believe Foxconn pulled out from this project being too big of a task. Foxconn gets a good deal buying out the land in Ohio with LMC. Look how many billions they just saved with LMC. And just 280 million for the old GM factory in Ohio.