0.195 lai

akan datang

ini kalilah

unsuccessful :(

the new PIC for property dev has vast experience in industrial factory development

previous two days was stopping volume

high growth counter. keep growing

https://www.reuters.com/article/us-lordstown-motors-stock/lordstown-shares-reverse-losses-after-company-says-it-is-in-talks-for-additional-funds-idUSKCN2DL264


DETROIT/WASHINGTON (Reuters) -Lordstown Motors Corp shares rallied to positive territory on Wednesday afternoon after the electric truck maker said it was in talks with multiple parties to raise funds.

The disclosure came a day after Lordstown warned in a U.S. regulatory filing that there was “substantial doubt” about its ability to continue as a going concern in the next year due to problems in funding production of its vehicle.

Shares of Lordstown were up 2% on Wednesday afternoon. Earlier in the day they plunged as much as 20% as investors awoke to a vastly different financial picture than Lordstown faced last August when it announced it would go public through a reverse merger with a blank-check company.

Lordstown in a Wednesday statement reaffirmed it has “adequate capital to continue operations, meet supplier obligations and begin limited production,” but will need to raise additional funds and was in talks to do that.

“We are debt free, have significant tangible assets and multiple viable avenues to raise capital including asset-backed financing, equity, equity-related or debt financing, loans, as well as potential strategic investments over the longer term,” the company said. “We are already in active conversations with multiple parties to do so.”