Supposed not comfortable to invest in Malaysia. You can go elsewhere. Make it done quickly n urgently. I am proud you go elsewhere n have flying colors. Tq
Every 1 knows that this is fast fast growing company. Boss hold 70% shares. 15% long term investors. 15% only consider floating in open market. Any drop management people fast fast buy. All waiting to buy if it drop 5.00 level. If total lockdown it may drop. But people very fast will buy. Next tp 6.80.
U compare last year drop 50%??? Joke. Nowdays people not panic sell . Tey just wait. C last two week .MCO 3.0 . Bursa steady. Second day only we know MITI approve 100,000 .
Even if there exist high political risks, if I wanna move my funds, Greatech will be the last company that I sell. Best tech company. Even better than UWC
unfortunately the impact is inevitable unless they found back another customer sizeable or bigger than Lordstown...something fishy, they went public via SPAC last Oct and now only say no money??
RIDE +7.64% (Bloomberg) -- Lordstown Motors Corp. announced the abrupt departure of its two top executives and said its board found evidence of inaccurate statements, intensifying the turmoil for the electric-vehicle maker and onetime SPAC star.
The company said in a statement Monday that Chief Executive Officer Steve Burns and Chief Financial Officer Julio Rodriguez have resigned from the company, effective immediately.
It is the latest setback for the company, which warned last week it might not have enough cash to fund development of its first truck or even survive the next 12 months if it can’t raise more capital. In March, the startup disclosed a Securities and Exchange Commission probe of its operations after a short seller said its technology was flawed and that preorders for its truck were nonbinding.
Shares fell as much as 20% in premarket trading Monday. The stock was down 11% to $10.11 as of 7:55 a.m. in New York.
In a separate statement, Lordstown said a board investigation concluded the company had made certain statements about vehicle preorders that did not hold up to scrutiny.
“Lordstown Motors made periodic disclosures regarding preorders which were, in certain respects, inaccurate,” according to the company’s own investigation.
The board concluded other allegations made by short seller Hindenburg Research in March were “false and misleading” in many aspects.
The company’s lead independent director, Angela Strand, has been named executive chairwoman, and she will oversee the company until a new CEO is identified. Becky Roof, who has previously served as an interim finance chief at other corporations, will do the same at Lordstown.
Main point: The company’s lead independent director, Angela Strand, has been named executive chairwoman, and she will oversee the company until a new CEO is identified. Becky Roof, who has previously served as an interim finance chief at other corporations, will do the same at Lordstown.
i never miss anything lah. you can keep on playing with this stock, no one is stopping you anyway. I have earn enough in gloves, and many pther stocks like shipping, steel this yr so far.
Big boss already hold nearly 70%. Keep on collecting. Floating shares might be 15% . Sure long term investors hold atleat 15%. If Any drop opputunity to buy. If you don't act fast , big boss sapu semua.
@paperplane Oh I guess you are following that Facebook streamer smoking cigar?
I know you and followed your comment 1. Freight 2. Lctitan 3. BJCorp 4. Lioind 4. Yilai
The same pattern. So, are you a true investor that does your own due diligence or a sheep that follows guru advice on Facebook? I would assume it is the latter.
these 2 useless ceo n cfo resigned, the powerful board of RIDE, Lordstown did the right thing. as advised by ancient Suntze; chop off those heads n put in the skillful ones n all's well...
every single new start-up like bio-tech lab stocks will burn n burn money for years. it happened to TSLA n etc. Only specialist talented CEO n more so the CFO can charmingly n successfully raised funds periodically in advance for the co to be a going concern.
IT WILL BE VERY OK FOR the RIDE going forward ...
PureBULL >>>, [14.06.21 21:19]
u can only find these 2 pure iliots who told the entire fin world how they failed on their high powered JOB ..
PureBULL >>>, [15.06.21 00:03]
GREATEC suffered 3 rounds of price plunges due to bad news of Lordstown. The co-relationship is fast diminishing, as today's drop is briefly.
GREATEC, the # 1 brilliant stock on KLSE is helping factories worldwide to automate. Highly profitable n highly scalable biz, GREATEC is a WONDERFUL stock sure to show high speed success...
The resignations of founder and CEO Steve Burns and chief financial officer (CFO) Julio Rodriguez come as the company's board reported conclusions from an internal investigation into claims made by short-seller Hindenburg.
At least this proven the pre-sale order is not true as they claimed. Sales number is not true, will not impact Greatech for now but i guess will come after where the orders may decline soon when adjustment is made. For raw material in long lead time that already secured, it will increase TAT before it generate revenue for the company. Wait and see what is going impact to Greatech soon..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
GooShen
5,400 posts
Posted by GooShen > 2021-06-11 09:29 |
Post removed.Why?