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What happen here? a few days ago this was $2
The PPS looks attractive here around a buck .
If there is going to be a turnaround it will happen sometime in April with the Foxconn deal finalized. On the mean time this can go under $2.00 in no time. The same thing happen with NIO before mass production. IMO
From Stocktwits :
RIDE is SET UP Really Nice!!
Discussion
Weekly chart just looks like support and
reversal. People that pay attention know
what's going on. Everybody else just looks at
charts and buys when it is a small dip like this
premarket.
For those that want the details:
• CFIUS draft has been submitted.
• Up to two MIH vehicles already planned under
the Lordstown Brand
• Other vehicles will be built on MC existing
platform they stated on the call.
• Production numbers given were just for the
ENDURANCE and not for other vehicles. Likely
these numbers are if Foxconn would not be
included, which is unlikely.
• 40M shares short with 7M avg daily volume
• Notice FUD isn't working! Price targets
changed and GM scare articles published, yet
we are holding.
• GM sold 04 not this week
Lordstown Motors Exhibiting at NTEA
Work Truck Week March 9-11
BY PR NEWSWIRE
- 12 MINUTES AGO
LORDSTOWN, Ohio, March 2, 2022 /PRNewswire/
- Lordstown Motors Corp., ("Lordstown Motors
(RIDE)" or "LMC"), a provider of electric light duty
trucks focused on the commercial fleet market, will
be in Booth #409 at the March 9-11 Work Truck Week
in Indianapolis.
ALORDSTOV
The Ohio manufacturer is bringing the Lordstown
Endurance full size all-electric pickup onsite at the
Work Truck Week show at the Indiana Convention
Center. The truck launches production and
commercial sales in the third quarter of 2022.
Work Truck Week is North America's largest work
truck event. Produced annually by NTEA - The
Association for the Work Truck Industry, it includes
Work Truck Show exhibits, education and training,
Green Truck Summit, and networking.
"The Lordstown Endurance is a unique vehicle
offering a superior combination of handling, traction
control, torque and turning radius that we are
confident will be appreciated by our fleet
customers," said Edward T. Hightower, President,
Lordstown Motors (RIDE). "With fewer moving parts
than more conventional propulsion systems, we also
believe the Endurance will have advantages in total cost of ownership “
“after announcing that the MASS production and delivery schedule for Endurance will be postponed from the second quarter of 2022 to the third quarter of the same year.
https://www.energytrend.com/news/20220209-26509.html
It does not make any sense to say mass production when only 500 vehicles ( trucks ) are being built
in 2022
GM sold their stake in LMC 7.5 million shares. I’m sure this is all political .
https://investorplace.com/2022/03/ride-stock-pops-even-as-gm-sheds-its-lordstown-motors-stake/
It seems like this a 2 sided story . You have a Foxconn CEO saying mass production after the 2 quarter of 2022 . Mass production is not 500 vehicles. The deal could be off and LMC gets the plant back and Ninnivaggy goes to the drawing board. The stock is already at BK price per share. The PPS can drop as low of a 25O market cap which puts it around $1.25 which it could be head that way if we don’t hear any good news. At least LMC has enough cash for another 6 months and waiting on certification. The CEO also mentioned in the call that LMC is waiting on the certification and it seems all the crash test are done. I believe Foxconn really needs this plant for Fisker as well so there seems to be a battle going on but progress has been made. The CEO is giving a black and white scenario when it comes to the statement that you make. A going concern has been since April of 2021 and it’s still there
Foxconn CEO said mass production in Q3 …… it seems like the CEO .
“This explains why Foxconn’s chairman is talking about the start of deliveries for the Endurance pickup and not some Lordstown executive—it also explains who's calling the shots now at the Lordstown plant. “
https://insideevs.com/news/563240/lordstown-endurance-deliveries-h2-2022/amp/
That is why the shorts don’t want the Foxconn deal to close because it would force them to cover. There is so much FUD being spread around for you to sell. At least this management is not overstating estimates and bottom may have set in . Although I think it can go under $2.00 temporarily. IMO
The 2 catalyst that would move this stock next is fully certified truck and a draft have been sent so waiting on approval and the other is the Foxconn deal closing in about 2 months from now. And part of Foxconn deal is to buy warrants around $10.50.
Well it seems that the short term buyers were hoping this to pop so they dump there shares at open based on the news of future forecast of 3000 Endurance trucks built in the next 12 months. . At least this is not being pumped like former CEO Steve Burns. LMC has cash and being very cautious with forecast. CEO also mentioned of other sources of income besides the Endurance like the skate board. As long as the Foxconn deal closes is the most important for LMC now.
Its would be nice to know if Carl Icahn has been buying shares of $RIDE based on his past relationship with Dan Ninnivagy. Carl Icahn is known for buying undervalued stocks.
https://www.wsj.com/amp/articles/lordstown-motors-names-former-icahn-executive-as-ceo-11629979482
$RIDE OR DIE on Monday
New tweet 02-25-2022
https://twitter.com/lordstownmotors/status/1497209993082322972?s=21
The Foxconn deal looks like it’s happening. And if LMC is on target and I believe that they are under Ninnivaggy then $RIDE is way undervalued IF mass production starts in 3Q 4 months from now. The all time highs could hit this year . IMO
I’m sure Steve Burns is enjoying his 18.5 million dollars he got a few months ago when he sold shares around $5.89 a share. He still controls about 25% or so of the shares. The SEC has not come up with any charges yet but I’m sure when it’s all settle Steve will have to pay a hefty fine. Like I said before these SEC regulators and DOJ are crooks themselves. IMO
This stock went from $174.00 down to $50.00. These corrupt hedge funds are culprits here . Over 100 billion dollars evaporated in 3 months. Crooks !
Added at $2.87 500 ( long )shares.
Screw Joe Biden is the worse president in history he deserves to be impeach .
I’m not pumping. The pumping is being done by the CEO on the news release…….not much happening here but a bottom has to settle in. I sold my one million shares at $.0056 at a loss of 10% . I got lucky here . I still believe this company can go up to .$0050 from here sometime this year. I’m looking to get in a bit lower from here. IMO
CEO Dan Nnnivaggy has business friends like Carl Icahn billionaire. If you don’t know who this guy is watch the documentary on HBO.
I would say that I have been a follower of ihub for over 10 years now and never seen a poster so determined to see a company failed like Ubgood.
Show me where an OTC CEO of any company goes to jail for selling shares to raise capital ? That is how the OTC works . The capital is used to pay salaries, rent and products. If the products sell and make a good revenue then the stock goes back up.
I found this in Stocktwits a shipment from China to LMC
https://importkey.com/i/lordstown-motors-corp
Chroma is a world leading manufacturer of complete electronic test and measurement solutions for commercial, automotive, military and government industries. Utilizing in-house automated handling and manufacturing execution system (MES) expertise, Chroma specializes in integrated and fully automated turn-key electronic test and manufacturing solutions for technologies including semiconductor, optoelectronic, solar cell/module, and battery formation, test & grading production solutions.
The Justice Department is full of crooks . These people are sold out to hedge funds . IMO
“That's true for Lordstown, too. Its shares have traded below $4. That's the
market's way of saying investors want more proof that Ninivaggi's plans,
however sensible. will pan out.”
Rayaldee has been a failure or should I say management has been a failure ?
Frosty buying shares lately here ? this stock has been a disaster for longs .
Nice 10% day for RIDE longs.
Let’s all Dream of # 9
Look at that a black Endurance with the # 9 .
https://twitter.com/LordstownMotors?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
I hope it stays down in this area for 2 weeks so when I get my income tax and load up some cheap shares
This is good for retail buyers of stock
https://www.sec.gov/news/press-release/2021-239
FOR IMMEDIATE RELEASE
2021-239
Washington D.C., Nov. 18, 2021 —
The Securities and Exchange Commission today published proposed Exchange Act Rule 10c-1, which would require lenders of securities to provide the material terms of securities lending transactions to a registered national securities association, such as the Financial Industry Regulatory Authority. The registered national securities association would then make the material terms of the securities lending transaction available to the public.
From Stocktwits
st
jonesofcolorado
Bullish
2m
$RIDE
Save the date! Some important dates coming up that could be nice (if not huge) bumps to the share price!
• Mar 15 – $50 million payment from Foxconn
• Apr 30 – $30 million payment from Foxconn
• Apr 30 – Reimbursement from Foxconn of all operating expenses toward the Endurance from September 1st 2021 through April 15h 2022
• Apr 30 – Foxconn deal finalized
• Q3 2022 – Production!!
Definition of 'cry wolf'
If someone cries wolf, they say that there is a problem when there is not, with the result that people do not believe them when there really is a problem.
Commercial for Super Bowl ?
As we continue to build and test our pre-production vehicles, it’s a thrill for the entire Lordstown Motors family to take a moment to cheer on our brand ambassador, @JoeyB. He embodies the #workforit spirit. And so do the millions of workers who keep the big day in motion. pic.twitter.com/rRjnBRvoPW
— Lordstown Motors (@LordstownMotors) February 11, 2022
Foxconn CEO mentioned MASS production. In 3rd Quarter
. The word MASS
MASS is the quantity of matter in a physical body. It is also a measure of the body's inertia, the resistance to acceleration (change of velocity) when a net force is applied. An object's mass also determines the strength of its gravitational attraction to other bodies. The SI base unit of mass is the kilogram (kg).
MASS PRODUCTION DEFINITION:
the production of large quantities of a standardized article by an automated mechanical process.
"factories built for the mass production of manufactured goods"