Wednesday, March 15, 2023 6:18:08 AM
I'm fairly certain it was just reported that Lordstown Motors is sitting on $221 million in cash. Are you saying that this amount is insufficient to execute production in the short run. If so, when do you anticipate they will run out of this cash?
RIDE
LMC can’t make it on their own and even with Foxconn unless Foxconn bails them out and gives them more financing. LMC most likely will be force to reverse split get the PPS higher and dilute the stock further.
RIDE
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