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Started By
Message
re: Lordstown Motors (RIDE) Endurance truck
Posted on 5/20/21 at 9:28 am to bass
Posted on 5/20/21 at 9:28 am to bass
quote:
An analyst downgraded the stock and lowered the price target from $18 to $1, how does this happen?
When the company has no proof it will have sales at all. Hindenburg poked a huge hole in the Lordstown momentum by showing their “orders” weren’t real. And Burns the CEO has done this type of scam work before with WKHS. I doubt they have enough sales to justify the market cap at $1 in 2022
Market cap at $1 is ~160M. They would need a Tesla level P/S of 10-20 to get the sales they need to justify that market cap. I’m not sure they’ll turn out any trucks at this point, much less 200-500. And the only sales I’m expecting so far are retail, but maybe they make that many on retail sales
This post was edited on 5/20/21 at 9:37 am
1
Posted on 5/20/21 at 9:30 am to Upperdecker
This dude sounds like a slimy scam artist.
Posted on 6/2/21 at 12:32 pm to tigerfoot
RIDE popping bigly today. Anything else behind this jump other than news on Biden’s budget plan for EV’s?
Posted on 6/2/21 at 12:53 pm to skewbs
I got out after their Baja debacle and haven't seen or heard any good news since.
Posted on 6/2/21 at 1:36 pm to Ballstein32
up 16% today to $12
Posted on 6/7/21 at 10:36 am to LSUguerilla
These dumbasses got a notificiation/warning from the NASDAQ for not filing their required quarterly paperwork.
Stock is still up though
What a shitshow this company is.
Stock is still up though
What a shitshow this company is.
quote:
Lordstown Motors (NASDAQ:RIDE) has received notification from the Nasdaq that the company does not comply with the continued listing requirements after failing to file its quarterly report on Form 10-Q for the quarter ended March 31, 2021 with the Securities and Exchange Commission ("SEC") on time.
This post was edited on 6/7/21 at 11:04 am
Posted on 6/7/21 at 2:42 pm to Chucktown_Badger
They are getting that meme stock appeal. Don’t worry about the fundamentals or filings. This ship is headed to the moon.
Posted on 6/7/21 at 3:23 pm to hombreman9
quote:
They are getting that meme stock appeal. Don’t worry about the fundamentals or filings. This ship is headed to the moon.
Wouldn't be the reason I initially bought, but I'm down for it. I've always been a fan of the Reddit crowd
Posted on 6/8/21 at 2:53 pm to Chucktown_Badger
Posted on 6/8/21 at 2:53 pm to Chucktown_Badger
So their overdue filing was just made and they added language about a going concern. They don't have the liquidity to start commercial production.
It's tanking.
This company s's a d.
It's tanking.
This company s's a d.
Posted on 6/8/21 at 3:05 pm to Chucktown_Badger
Hilarious. Right as it was being pumped as a meme stock this week. Hopefully no one bought at the top today.
Posted on 6/8/21 at 4:21 pm to xenythx
I thought WKHS owned 10% of RIDE. Doesn't seem to be affecting their price.
Posted on 6/8/21 at 9:08 pm to white perch
Shorts tripling their positions. Gamma squeeze incoming. AMC financed their shite on the backs of the hedgies and so will lordstown.
Posted on 6/8/21 at 10:25 pm to hombreman9
If that’s satire, it’s brilliant
Shocked how long it took RIDE to notify the market that it will be bankrupt within the year
Shocked how long it took RIDE to notify the market that it will be bankrupt within the year
Posted on 6/9/21 at 9:06 am to saltydawg
quote:
If that’s satire, it’s brilliant
Shocked how long it took RIDE to notify the market that it will be bankrupt within the year
Took my 50% haircut and got the frick out at the open.
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