 symbol ride lords town lords town motors files for bankruptcy shares crash now bankruptcy not that interesting to me but what I did find interesting is they're filing bankruptcy because of cash flow and earnings I'm sure they actually have cash on the balance sheet this is tangible book value on the chart they must have assets that spit out this value of 11 bucks maybe that's why although it was down I don't know what what what how much was it down it was done some huge amount after filing for bankruptcy 58% it's up right now from the open like 20 something even more some huge amount 80% fascinating let's look at well first let me just go to their website and decline lords town motors electric vehicle vehicle company let's look at the chart on the monthly must have been some kind of a SPAC situation because look what it did shot up and then was was wrecked let's go to seeking alpha and if you go to seeking alpha you can look at their earnings negative negative negative so some time way in the future maybe they were gonna make some money but they ran out of time if you look at their capital structure it says zero debt a hundred and seventy six million dollars in cash while the whole company right now is forty four million which gives this a negative enterprise value so that must be why people are bidding it up because they're hoping that after they reorganize in bankruptcy that there's some money left over that has to be the bet and jumped over to the seeking alpha article and it looks like the dispute they have a digs a dispute with Foxconn technology group some issue over production of trucks and then if you scroll down further they stayed in the article they have listed as much as 500 million which is like 10 times what the market cap of the stock is 10 times assets and liabilities in filing there's a ton of assets so they're looking to protect themselves from liabilities because there's a production problem let me just look at let me look at the balance sheet again so doing a quick review if we look at the short-term current assets 192 million total assets 272 not a lot of liabilities 59 and some preferred equity so if we look at the common equity 181 that's still like five times what is on on the books on the market cap so it's gonna be interesting to watch I'm not a buyer I just want to want to see it I'm I'm involved in other tangible book value opportunities another reason this is interesting is that anybody who's a Rivian trader a Rivian is right at the book value so Rivian is also a money loser until their sales increase so very possible that it trades below all the tangible book value which would be unfortunate but when these companies don't make money they have to fund operation somehow very fascinating