Replies to post #5504 on NU Ride Inc (NRDE)

[jaybiscuit]

Foxconn will rape this company for profits...already happening--Foxconn owns the manufacturing plant that Lordstown couldn't pay for. Worse yet, Lordstown has inadequate cash for liquidity going forward--it will be forced to bow down to Foxconn for future cash at the expense of investors. Foxconn will own this or the other auto makers will destroy it. The Ford 150 Lightning has SO MUCH MORE RANGE. Plus, the Tesla truck is on deck to mock this truck. Ford and Tesla have cash. Lordstown doesn't.

Want More Proof: Road and Track said the Lordstown Endurance truck "Doesn't have what it takes" and goes further to say "The company is an unknown, hungry startup aiming to unseat powerful establishment players. The product doesn't reflect that mission."

This stock is a fraudulent dying wanna be with a bad product and terrible liquidity.

Link: https://www.roadandtrack.com/reviews/a41967324/lordstown-endurance-doesnt-have-what-it-takes/

[jaybiscuit]

You need to read the post pinned to this board. The Foxconn deal sucks for investors. The fraudster execs at RIDE sold the factory and stock and are sending investors up the river on a sinking ship! Here are the cons:

1. Foxconn could end up owning a substantial percentage of the electric vehicle maker's stock.

2. Lordstown Motors would have to make lease payments on the portion of the plant it uses.

3. The $298 million that Lordstown Motors could raise through the plant and stock sales, and warrant exercises would be a drop in the bucket. Lordstown Motors said Sept. 30 that it expects to make up to $400 million in capital; up to $120 million in selling, general and administrative; and up to $340 million in research and development expenditures in 2021.

4. Foxconn would get "certain rights" related to the automakers' future vehicle programs and licensing arrangements, and Lordstown Motors could lose control of some of its intellectual property.

https://www.bizjournals.com/cleveland/news/2021/10/07/cons-weigh-on-lordstown-motors-foxconn-deal.html?ana=yahoo