$RIDE LM is broke, Nini admitted in the conference call. "Lordstown Motors CEO Dan Ninivaggi said on an earnings call Monday that the deal was complex, leading to delays. But he told shareholders the relationship between his company and Foxconn remains strong. His company has just $204 million on hand, according to earnings results, about $300 million more than it would have had without the Foxconn transaction. “We wouldn’t have the cash to fund it,” Ninivaggi said when asked about a no-deal situation. “So, we have to close the deal in order to avoid that.”
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