Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
From Reddit:
Conflict of Interest.......NO MORE
# Mr. Lugee Li, a non-independent director of the company's fourth session of the board of directors, will no longer serve as a non-independent director of the company after the completion of the general election of the board of directors. Up to now, Mr. Lugee Li indirectly holds 60,027,000 shares of the company through Eon Industrial Co., Ltd. During his term of office, there were no commitments that should be fulfilled but were not fulfilled.
https://preview.redd.it/3rqfscjd7yra1.png?width=821&format=png&auto=webp&v=enabled&s=be270f5f6fc573790ce6aa51d7027c853e8780a4
https://preview.redd.it/oiinciie7yra1.png?width=835&format=png&auto=webp&v=enabled&s=332b00fbbc7cbefcb8511a2afa6bc0122325e566
https://preview.redd.it/yn991t7f7yra1.png?width=804&format=png&auto=webp&v=enabled&s=a4385a110938faa97745f4cfe0b10d370cd11078
Yes there is plenty of good news. Positive steps taken by the company.
TC working with 21 people in the sales force team to secure new contracts, and seeking to bring prototypes to production soon in medical, wearables, etc.
It’s all in the CC transcript for those who have eyes to see!
Why don’t you do a little DD yourself!
It all depends on whether one only looks at past weakness of a company or focuses on current positive steps taken and future potential of a company.
If Lordstown motors goes bankrupt, what money exactly is Foxconn going to get. They will lose out on hundreds of millions and the shares they purchased will be worthless.
Sorry Foxconn didn’t invest into Lordstown to lose, and they sure as hell didn’t give them hundreds of millions out of a good and kind heart!
There is something big brewing and I have a feeling it has to do with the MIH platform that both Foxconn and Lordstown are partners in.
Not for trench of millions they provided after they paid for the building.
You are mistaken
The game ain’t over yet padre!
24 million in assets and cash give this company a long runway.
And TC was totally believable in regard to the work he is doing with the 22 sales force people to secure contracts.
The LQMT consumer electronics and wearables web landing pages are directly related to the ad campaigns the company is currently doing.
Some focus on past weaknesses of a company, others focus on positive steps and potential!
There’s got to be a reason Foxconn dished out the couple hundred million in exchange for RIDE SHARES.
I can’t see them trying to bail out Lordstown with their hundreds of millions from the goodness of their heart.
Corporations are too evil and greedy to do this. They could have just let Lordstown motors go into bankruptcy.
That MIH platform may just prove to be the reason why!
According to the below press release Monarch tractor is connected to the MIH platform, and there is a partnership between Lordstown Motors, Foxconn and MIH.
So I don't think it is as cut and dry as you propose. Let's see, if Hightower comes out with anything to say.
https://www.prnewswire.com/news-releases/mih-consortium-unveils-innovation-hub-plan-to-strengthen-ev-ecosystem-in-north-america-301715089.html
https://www.wkbn.com/news/local-news/foxconn-unveils-new-electric-tractors-produced-in-lordstown/amp/
Where is Lordstown motors/RIDE in all of this?
Why not a word from Hightower?
You have your right to your opinion about the conference call, but there are many, I would say the majority, who don’t agree with you and see it as positive and an excellent job done by TC.
It’s amazing the different perspectives one can have toward a company and executives, if not clouded and only focused on past weaknesses.
Good luck to all true longs!
“Mass Production of Wearables.”
Interesting heading!
Private websites for both consumer products and now wearables that include BEATS headphones.
Remember Chung said they had prototypes for wearables that LQMT was trying to get to production as soon as possible.
Irons in the fire. Why else would they have it in our website!
Whether you and Researchfyi like it or not, Li appointed Chung as CEO and expects him to fulfill CEO duties.
He did a great display of this at the last CC, and I have no doubt will continue to show his leadership leading us to success, by closing deals, and running the ship.
No nobody here doubts Li’s continued influence, but to doubt that Li handed off both CEO duties and authority to Chung is just plane NONSENCE! And it has NO grounding in facts or anything.
Some just focus on past weakness of a company, others focus on its current steps and potential!
Not the run down, beaten down conspiracy theory again!
Talk about beating a dead horse into the ground.
Oy Vey!
Some only see what they want to see. They have negative colored glasses on and couldn’t see a piece of positive news if it hit them in the face.
These are the long timers, those who only view the company and stock from the past perspective of what they lost. Now they want all investors to view the company from their perspective of looking at it from negative set of glasses, and to share in their bitterness.
SOME ONLY FOCUS ON PAST WEAKNESSES OF THE COMPANY, OTHERS FOCUS ON POSITIVE STEPS TAKEN AND FUTURE POTENTIAL!
It’s posted on the board already. Do a little DD.
Bullshit! Read your post and totally disagree.
Interesting that some feel so compelled to post weekly what’s as plain as day for all investors to see in terms of share price.
But then they down play any and every piece if DD presented on this board or any other board.
They also downplay any bit if positive news given from the company itself.
This certainly gives rise to suspecting the intentions and agenda of some.
Not rocket science, just the facts!
Maybe you should ask the SEC who the CEO is.
I believe they would beg to differ with your answer.
Just facts, and nothing but the fact!
All EV companies are getting hammered. Naked shorts are taking advantage of the Feds and Dems decimation of our economy and finances of the middle class.
Li is no longer CEO. Do your DD.
I do occasionally communicate with Tony Chung who is our current CEO.
I am very positive about him, and his leadership of the company!
I expect to see some fruit this year from his tireless work and efforts with the 22 that make up the sales force team he works with.
Best wishes to all true longs!
That may be your last post for a while.
So I see at least 4 companies capable of producing liquidmetal parts:
1. Eontec
2. YiHao
3. Shanghai Chisheng
4. Changzhou World
This doesn’t include other companies we could provide machines to and license agreements for liquidmetal process.
There seems to be plenty of manufacturing power and diversity for whale companies like Samsung and APPLE.
This should prove to be an interesting year with tear drop hinges for a start!
COMMITED TO GLOBAL CONSUMER ELECTRONICS,
There is no doubt in my mind that this will lead to royalties for LQMT USA as sales in Europe and USA roll out. OPPO, HONORS and possibly SAMSUNG will be the first with all having tear drop hinge in foldable phones.
I think TC is upbeat, confident, and authentic in his CC for good reason!
From Huawei article
[http://science.china.com.cn/2023-03/27
“Yi'an Technology is the first company in the world to break through the bottleneck of the industrialization of liquid metal materials. It currently has the world's largest liquid metal production base. The company's liquid metal products have been widely used in foldable screen mobile phone hinges, automotive structural parts, high-end earphones, and medical equipment. , golf club heads and other fields, among which it has cooperated with many manufacturers in the field of folding screens; Shanghai Chisheng, a subsidiary of Dongmu Co., Ltd., is also a supplier of liquid metal products, and its downstream is mainly used in fields such as folding screen mobile phone hinges; Changzhou World It is also a high-tech company specializing in R&D, manufacturing and sales of liquid metal materials, and is COMMITTED to providing complete liquid metal solutions for GLOBAL CONSUMER ELECTRONICS smart equipment and advanced medical equipment customers.”
You’ve been reported to administration!
They should be. It’s going to be a severe reaming out!
I am reporting your accusations of deception on an investor to admin. Hopefully you get restricted like Watts!!
Naked shorts are going to take it from the hind site and get destroyed!
Lots of irons in the fire:
Pro-sumer Market for Golf
Per TC:
*Liquidmetal too, is in preliminary discussions with a* ***major golf company in the United States*** *to explore possibilities of* ***developing new amorphous alloys, specifically formulated for golf application****.*
To me, that's a very tall order. With that being said, since Lugee took over, BMG variants are spinning out much much quicker.....LM105/LM106c/Titanium BMG.....etc.
How big of any industry is a GIVEN APPLICATION that justify a unique formulae....
e.g Titanium BMG is an easy one. When Apple wish....one goes NO PROBLEM.
e.g. Here's how big Golf Prosumer market can be
https://www.globenewswire.com/en/news-release/2022/11/07/2549304/0/en/Global-Golf-Club-and-Sets-Market-Is-Expected-to-Generate-4-9-Billion-by-2031-Allied-Market-Research.html
KEEP IN MIND.....EARLY LQMT GOLF FAILURE IS DUE TO BOTH FAILED PRODUCT (CRACK HEAD) AND PGA BANNING.
There is nothing wrong with impressing your girlfriend in an amateur golf course with one swing.
Less get the price back over 0.8 for the flippers!
Make ‘em pay to get back in!
Interesting read on Reddit:
TIN-FOIL HAT SPECULATIVE BULL THEORY] Execution of a reverse stock split will be LMC's last stand. And I think Alpha Dan and the board are playing chicken with market-making-exempt brokers who LMC thinks hold massive naked short positions
Disclaimer! This is not financial advice. This is complete speculation and is not meant to be construed as factual. Do your own research and make your own decisions. I own 36k long at $3.7.
This was my response to the post earlier asking for a bullish take on the reverse split. So here's my attempt:
We know that short interest is at 19%, meaning 45m shares are lent out. Insiders own 34.4% meaning retail owns 65.6% of this company. That is a shit ton of the shares. But, here's the deal. Brokers hold most of retail's shares and those retail brokerage accounts don't hold the street name of those shares, the broker does on your behalf. Brokers aren't supposed to lend out shares that the account holder doesn't allow, but market making brokers need to "provide liquidity" and they're allowed to short share's they do not have. That is naked shorting and is often tied to failure to delivers. In a reverse split scenario, this creates a “sold not yet purchased” liability on the broker's balance sheets. If this company is "Fraudstown Motors" no big deal. Selling will continue post split.
Now this is why I believe LMC is making their final stand and why I'm going to vote "YES" in favor of the reverse split. They are either committing suicide - which I know everything thinks they're doing - or they're playing chicken with the market makers and they've got a buyer wanting 70% of the company after post split and willing to pay the post split share amount for those 50.2m Jeffry ATM shares. That. Funds. Everything. They. Need. +$400m. That is significant news. No one believes they have anything lined up. It would also represent a friendly buyout for controlling interest that give's the buyer a launch pad to scale up with FoxConn! You can say there's no chance of this, but I will disagree until this company does go bankrupt.
Market makers want retail to vote no. They own 65% of the company and bankruptcy is guaranteed if they're unable to r / s. If retail doesn't vote at all, the broker gets to. If you're lending your shares out, you don't vote, the broker does. In my opinion, the manipulation here is on the side of the "No" vote since LMC is asking us to vote "YES". A "No" will indeed "put a nail in it" as they say for current holders. But I think there's a silent majority of retail that aren't here or don't give a fuck what anyone else thinks and are holding long. If you are retail, I just hope you at least have the balls to make your own decision and cast your own vote either way. Don't let your broker make that decision for you because they do not have your interests in mind if they hold a massive naked short position. They already have you written off.
But, if Dan is a fucking Alpha, he's about to square up with these market makers toe to toe with this move. I even think now, that LMC could have tipped them off in a "I dare ya to fire first" tactic to build up FTDs and that's exactly what they did and it caused the borrow rate to short RIDE to double the day before this filing. LMC's board is even allowing 2 things to be voted on by brokers at holders discretion:
1. Changing their accounting firms, tha't just SOP
2. But a REVERSE SPLIT up to 1:15?
Why would they even allow brokers to vote for retail? Think about it. Reverse psychology. If they get it approved, they'll be able to see which brokers voted on their holder's discretion for "No". They announce significant news after the split and now they have a target to attack.
[https://investor.lordstownmotors.com/node/9116/html](https://investor.lordstownmotors.com/node/9116/html)
https://preview.redd.it/8g2f3rrhbwqa1.png?width=680&format=png&auto=webp&v=enabled&s=0832f84bb971efa44f2180ef2d871ef199cedc7f
This is a good read:
[https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/](https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/)
https://preview.redd.it/0uepj5hiewqa1.png?width=824&format=png&auto=webp&v=enabled&s=cf1f29973e20bfd5ba899526ad312b6c4658e473
Peanuts and cracker jacks. But the flippers sure raved about their 0.08 cent sales for $125 profit.
Well at least the flippers will have to pay close to what they sold for, if they want back in.
Burns and Foxconn own 28% of common shares.
That is far from the majority big guy!
What’s your AIM?
You are wrong about burns and Foxconn owning majority of shares.
Institutional shareholders 23.76%
Retail investors 57.95%
Lordstown Motors Insiders 18.30%
Not going to be as easy as you contend!
Or the stock has already been beaten up by the scum bag shorts so bad that all bad news is already factored into the current price.
One thing for sure. Production better start soon and Hightower produce the 500 endurance trucks as promised or he will find himself in a lawsuit up to his ears.
LQMT 0.07275 +2.8%
Still needs to be voted on in May.
And even if it passes it doesn’t mean they will do it.
Wonder how institutional investors will vote?
Wonder how other common shareholders will vote.
Seems like this may be a tough one to get through.
Let’s raise this back to 0.08’s folks!
Dang. EV’s continue to get hammered!
Flippers will not be getting back in much cheaper than what they sold for.
Peanuts and cracker jacks!!!