Replies to post #6215 on NU Ride Inc (NRDE)

[Almosthere]

They have 170 million in cash.

What would a 50 million dollar share buyback from Lordstown accomplish?

1. Raise the share price to over $1.00
2. Make Lordstown motors NASDAQ compliant
3. Meet Foxconn conditions of being NASDAQ compliant so that 117 million from Foxconn would finalize by May 8.
4. Raise the share price significantly so that in light of a potential RS, substantial money could be harvested by Lordstown for future cash flow
5. It would put a major squeeze on all shorts and decimate them in the process.
6. Make Lordstown attractive to more institutional investors thus raising the share price even more.

Yes this is MHO!