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Wednesday, June 12, 2024 12:55:55 PM
As long as Burns is involved with LandX, there will not be a merger.
Why would this even be a thing. When Nu Ride was formed, they chose fund managers to run the company. They didn't choose EV car executives, or experts at all. The filings suggest that they will go somewhere else in terms of a business plan. Can they go back to making EVs? Sure, that's a possibility. To suggest any more than that is just hype, and not from the company, but from an investor who is impatient with dead money. The vehicles pictured have nothing to do with Nu Ride, obviously, everyone knows that, even you.
Good luck. I do think Nu Ride will do something. How "Huge" the announcement will be is an open question. That we will have to wait. I know there is an omnibus hearing on July 11, but I don't think there will be an announcement from that hearing. That has nothing to do with the suit against Foxconn, which, they may win, they may lose. Lordstown made significant mistakes that allowed Foxconn to end the deal. Lordstown is not simply a victim here, they made some stupid mistakes, as you yourself know.
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