If you wanted to get some publicity and burn through dumb investor cash, get some slick renderings and overpromise on a product that might not even make it to the prototype stage.

We're in a "green" investment bubble.

Quote:

---

Short seller Hindenburg Research published a report in March accusing Lordstown of inflating its order book, which triggered an SEC inquiry.

---

On the other hand, this firm has an epic name for what they do.

YouBet said:

---

This may be a problem. Sell your stock now if you own it. I'm shocked it hasn't dropped to pennies yet.

Quote:

---

Lordstown also said in Tuesday's filing that it found "material weaknesses" in its processes to disclose information to investors. It said it did not have enough people with "appropriate technical accounting skills" overseeing financial reporting or an effective process to assess the risk of material misstatements.

---

---

These goobers were sitting on $630 million in cash at 12/31 and couldn't set up accounting controls for a company that doesn't actually do anything. I'll set it up for them for 5% of their cash, no worries. .

They lost about 1/3 of their stock value, the market cares, just not that much for a company in this stage. It's all about EV's being cool and hoping you can sell regulatory credits to someone at some point, such a sh_t business model.