Screenshot from 2020 video by Retiring Guy
Headline: Business Journal Daily, 7/17/2023
Between Nov. 16, 2021, and June 21, 2023, Burns liquidated all 46,351,745 shares that at one point comprised more than 26% of the company.
The stock value of the company plunged in the months following the management shake-up at Lordstown.
Burns’ first sell-off on Nov. 12, 2021, constituted jettisoning 3,204,000 shares worth $18.8 million at $5.88 per share.
On June 16, approximately 10 days before the company he founded filed for Chapter 11 bankruptcy, the former CEO sold off his remaining 591,752 shares for a total of $3.9 million.
A complete analysis of Lordstown Motors’ insider stock sales show that Burns’ total sell-off amounted to $66.8 million.
In all, Lordstown Motors insiders cashed in for a sum of $95,078,089 between October 2020 and June of 2023, records show.
Other Foxconn and Foxconn/Lordstown posts:
2023
July
June
May
January
2022
2021
GET ME REWRITE: Yes, Foxconn's $100 milion pledge to UW-Madison was nothing more than a cynical election ploy by Scott Walker. (8/11)
The mysteries of Foxconn (season 2). (5/12)
2020
GET ME REWRITE: Two gullible guys from Racine County still believe anything Foxconn tells them. (10/23)
Keeping tabs on Foxconn Place in
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