LORDSTOWN Motors Corp’s financial constraints may triggered a knee-jerk selling of the shares of its supplier Greatech Technology Bhd as US-based electric truck maker Lordstown Motors is a key client. Lordstown warns it may fail as investor Foxconn gets jumpy! Lordstown is in danger of being delisted from the Nasdaq because its share price closed below $1 on March 7 and it has not recovered since. Foxconn told Lordstown that it may unwind the agreement if Lordstown did not resolve its listing issues.
Is receivable b/f from previous Q? If job delivered in Mar how can u expect payment in Q1? Why not check previous Qr before making comment? Of course uncollected receivable will become bad debt la. Who don't know men have dick. Kikiki...
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....
NatsukoMishima
6,730 posts
Posted by NatsukoMishima > 2023-05-02 12:57 | Report Abuse
Limit down coming ! Take profit and cut loss right now ! U will regret later !