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What manipulation this Hedge funds are playing right now that sudden drop had to have come from a Hedge Fund that is short . They are trying their best to keep this under $6.00 because they know what could and may happen soon . IMO
The PPS at $6.00 seems to priced like a scam . I believe Steve Burn did this with Hindenburg short report. A few things need to cleared up before LMC stock can go up but from what I see we have a great future with Foxconn and with Ninnivagy.
Nice surge this AM ….. just got me some more shares this morning. $10 soon IMO
A good video about LMC
Yes a short squeeze is very possible based on the timing of the infrastructure bill getting passed and the conference call this coming week. CEO Dan Ninnivagy vowed to be transparent and he took this job with all the FUD. His journey to clear path has begun.
We have NIO co-founder with Foxconn
https://www.yicaiglobal.com/news/foxconn-appoints-nio-co-founder-jack-cheng-to-head-new-open-ev-platform
I’m looking at $10.00 after earnings
I just wanted to say something about Steve Burns that I strongly believe he talks frequently to Ninnivagy after all Steve has a high interest in LMC success with the amount of shares he owns. If it was me I would be calling him every week or every day lol .
CEO Ninnivagy knows what he is doing to get the Endurance out the door. We should have transparency on November 11th on the conference call.
More equipment means increase demand for orders to produce more trucks.
Yes I have agree with you when Rivian is only producing one or two trucks a day is not production . The Endurance truck is more for the working class and also target for fleet orders. November 11th is the conference call and there should be more transparency about the future of the Endurance.
Not a bad report BRL is up and will continue to lead OPK. Somatrogon is the answer to $8.00 PPS
Well thank you Ubgood for your persuasive behavior and determination. You most likely saved me about one month of the CEO’s Quintero salary and you know how much that is .
The only way this survives now is a huge reverse split. It’s sad that these penny companies can get away from doing the same malarkey over and over. From the days of Wolf of Wallstreet penny stocks have stolen billions form the innocent investors? Is this ever going to stop ? Maybe sometime in the next 50 years or so someone is going to say enough is enough. No more penny stocks ?
I’m glad I got out here at $.0056 and had an average of $.0061. Took my loss. Good luck for the longs here …. It seems they may need it.
Frost all he wants is power . The old man is a billionaire and his average buying all these years is about $4.00 PPS. This will eventually go back up to $6.00 .
Well at least Rivian can produce 2 cars a day. How many has LMC produced ? After continuously saying production starts in September? I guess it has become a norm to lie to shareholders from these American companies.
BioReference was Frost best investment. I believe he paid 1.5 billion and in revenue brings in close to billion now so yes without BioReference OPK would be bankrupt.
Earnings tomorrow……I see their expenses higher as usual with Frost as the CEO.
He needs to give up his role as a CEO and retire. This company needs a better management. The pandemic really saved this company from going to the pink sheets.
Very old news July 21st, 2021 ? 3 months ago is old news ? This is lawsuit after lawsuit. Old news is some news over one year or so. Goldman Sachs is not always correct but is one of the best American analysts. I would say Goldman Sachs are in the Top 3 of the US brokerage firms.
https://businessjournaldaily.com/lordstown-motors-faces-11-class-action-suits/
Wednesday, July 21, 2021 Dan O'Brien
Lordstown Motors Faces 11 Class Action Lawsuits
LORDSTOWN, Ohio – The list of shareholder lawsuits filed against electric-vehicle manufacturer Lordstown Motors Corp. and its current or former executives continues to grow.
The latest lawsuit was filed July 9 in U.S. District Court in Delaware, making it the 11th class-action complaint brought against the company or its executives since March. Seven of these complaints were filed in U.S. District Court in Youngstown and four of them are now consolidated. Four others were filed in Delaware.
Lordstown Motors has yet to answer any of the complaints in court.
If the market has a bad day tomorrow expect new lows as well. Around $4.20 area is my take here. So puts are a good option for now.
If earnings, guidance and conference call is not until November 15th then bears will be in control if LMC does not put out news . Revisit $4.64 or possibly lower ? October 31st is the signing of the Foxconn deal .
This news will move the whole EV sector
https://www.newsweek.com/pelosi-says-spending-bill-deal-infrastructure-bill-vote-will-come-this-week-1642050?amp=1
"Are you saying in the next week there will be an agreement on the social safety net bill and you will also vote for the bipartisan infrastructure bill?" asked CNN host Jake Tapper on State of the Union.
"That's the plan," Pelosi said. "I think we're pretty much there now. It's just the language of it. 90 percent of the bill is agreed to and written."
That has been a long time rumor about Frost selling . It could be possible that Frost is waiting until Somatrogon approval. Strange that he has not bought shares lately . Could it be a sign ? Insider trading rules ?
Foxconn is presently functioning as a contract electronics maker and enjoys a technological edge in software and semiconductor technology. It wants to use these inherent advantages for dominating the supply and services in the global EVs market. By between 2025 and 2027, Foxconn plans to provide components or services for 10 per cent of the electric automobiles in the world. “
https://tfipost.com/2021/10/apple-and-foxconn-are-set-to-drive-an-automobile-revolution-with-india-and-japan-and-china-is-not-invited/
This reminds me of a dollar store….. when you sell 10 million $1 items you make good profits.
The Endurance truck will be in the Asian countries by the masses soon
https://jakartaglobe.id/business/taiwans-foxconn-gogoro-seek-entry-into-indonesias-ev-industry
This is by far the best lotto ticket. If it goes lower then I see it as a good opportunity to average down. This deserves a 5 billion market cap once the dirt settles. That is around a $30.00 PPS
Do not underestimate Foxconn
MIH
GlobalSMT Posted January 15, 2021 BLOG Social Media News, World News Leave a reply
0
Foxconn Electronics has selected Jack Cheng, former executive president and co-founder of China-based electric vehicle (EV) vendor NIO, to be in charge of planning for its MIH alliance and supervising the open platform’s hardware specifications.
MIH is an open software/hardware-integrated platform for developing EVs established by Foxconn in cooperation with Yulon Motor.
Cheng has rich experience in teh car industry, including China executive for Ford Motor, vice president for Fiat China’s Global Purchasing Center, general manager for China-based joint venture GAC Fiat Chrysler Automobiles before joining NIO in 2015. Cheng retired from NIO in August 2019 and then became chairman for China-based XPT, a developer of core EV components for NIO.
MIH faces challenges in linking various markets in different countries, that is, how to cooperate with software developers and hardware makers in different countries to develop effective solutions under different cultures, Cheng indicated.
Cheng’s experience in the traditional automobile manufacturing and EV market segment, especially with XPT, is expected to enable him to make substantial contribution to MIH, industry experts said.
Foxconn has also assigned its CTO William Wei to be in charge of MIH software.
Yes it will definitely be interesting on Monday . Diamond hands .
Steve Burns is no longer in the picture and it’s useless to even bring his name up. Look forward and not thru the review mirror .
What is the price target for Monday here ?
In the last 6 months Volume has decreased by 50% . Hopefully when Somatrogon is approve this will jump to around $8.00 PPS is my opinion. 2022 is just around the corner
LMC has way too much FUD . Fear uncertainty and doubt. This FUD should be cleared up on their next conference call in the middle of November.
Why would say on the way to bankruptcy? They are constantly hiring if you look at their website . LMC has a new CEO and now a new COO. These executives are not going to work for a company that is in the verge of bankruptcy at least not now. LMC had zero debt so who are they going to file bankruptcy against? The going concern in my opinion is over when the Foxconn deal was announced. LMC has not tapped into the 400 million from YA II PN Ltd.
When is the Rayaldee trials expected to be released ? Anyone ?
I found a good post on stocktwits …. Wow lol ! This stocktwits is a joke of a website but sometimes you can find some good post ….
Management initially projected BoM costs would decrease by 12% over 4 years as production ramps up. A Foxconn deal would allow the company to ramp up production exponentially faster and achieve economies of scale much sooner.
Further cost savings would be achieved from using shared components and processes among different EV client companies.
Moreover, LMC has been paying overhead expenses for a huge factory despite only using a fraction of the space.
Even assuming perfect execution of their business plan, they wouldn't need that extra space for many years into the future. Foxconn would be able to spread the overall overhead costs among many vehicles which will help keep vehicle prices competitive.
I'm quite optimistic that the company will be releasing a revised accelerated production forecast with additional vehicle models during the next earnings conference call.