I don't think shorts are that terrified. However, at this time, I don't think this is a great short candidate, given 1) the lack of volume and 2) the lack of volatility. While this was RIDE and the early days of RIDEQ, this was a great short candidate, as companies going into bankruptcy are good options for shorts, though after filing for chapter 11, this did go up, so they do get burned. With only 575000 (approx) shorts and the average volume of 110000, I don't think the shorts will get burned too bad if there is a run here, as if there is a run the volume will be high enough for them to trade out. However, in that sense, holding, if you are a long, is a better bet, though at this time, there are better places to put your money.
I don't see $5 - 15 billion in damages, as there is no way to prove those types of damages. The only way that can possibly happen is with punitive damages, and that's a high bar even in civil cases. However, as I've said before, I do expect NuRide to get the money they are owed. I don't see fraud, at least to the extent you may think there is, but I do see a way forward with NuRide receiving cash. If NuRide receives cash, they won't receive the plant unless Foxconn settles and decides they don't want the plant anymore. I haven't seen any indication that they will want to do that, and your posts posting pictures of Foxconn cars suggests that they are sill interested in the EV business. It's unclear if NuRide is going to stay in the EV business, at this time. The 10-Q may provide more details in a few weeks. If they get past the dismissal motion (the last motion I see on the lawyer's website), then I think the companies will settle.
Good luck.
