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<blockquote data-quote="Weather Man" data-source="post: 16613103" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3686360-lordstown-motors-reportedly-late-on-real-estate-tax-payment" target="_blank">Lordstown Motors reportedly late on real estate tax payment</a></p><ul> <li data-xf-list-type="ul">Lordstown Motors (<a href="https://seekingalpha.com/symbol/RIDE" target="_blank">RIDE</a> +2.5%) failed to pay <a href="https://businessjournaldaily.com/lordstown-motors-late-on-tax-payments/" target="_blank">$570K owed</a> in real estate taxes owed in early March, according to The Business Journal published out of Youngstown Ohio.</li> <li data-xf-list-type="ul">Lordstown Motors also owes a 10% late payment penalty of around $57K for the 2020 taxes as well as interest.</li> <li data-xf-list-type="ul">"The auditor’s office shows that Lordstown Motors failed to make tax payments on a parcel of 386.6 acres totaling $446,183; a second lot of 47.3 acres for $3,041.14; a third parcel of 13.5 acres for $203.95; and a fourth lot of 152 acres for $143,603.56."</li> <li data-xf-list-type="ul">Lordstown Motors bought the old GM plant and real estate in 2019.</li> <li data-xf-list-type="ul">A Lordstown Motors spokeperson told the The Business Journal that the situation is being rectified.</li> <li data-xf-list-type="ul">Shares of Lordstown are down 49% YTD and<a href="https://seekingalpha.com/symbol/RIDE/chart" target="_blank"> trade about 67% below their 52-week high.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16613103, member: 137766"] [URL='https://seekingalpha.com/news/3686360-lordstown-motors-reportedly-late-on-real-estate-tax-payment']Lordstown Motors reportedly late on real estate tax payment[/URL] [LIST] [*]Lordstown Motors ([URL='https://seekingalpha.com/symbol/RIDE']RIDE[/URL] +2.5%) failed to pay [URL='https://businessjournaldaily.com/lordstown-motors-late-on-tax-payments/']$570K owed[/URL] in real estate taxes owed in early March, according to The Business Journal published out of Youngstown Ohio. [*]Lordstown Motors also owes a 10% late payment penalty of around $57K for the 2020 taxes as well as interest. [*]"The auditor’s office shows that Lordstown Motors failed to make tax payments on a parcel of 386.6 acres totaling $446,183; a second lot of 47.3 acres for $3,041.14; a third parcel of 13.5 acres for $203.95; and a fourth lot of 152 acres for $143,603.56." [*]Lordstown Motors bought the old GM plant and real estate in 2019. [*]A Lordstown Motors spokeperson told the The Business Journal that the situation is being rectified. [*]Shares of Lordstown are down 49% YTD and[URL='https://seekingalpha.com/symbol/RIDE/chart'] trade about 67% below their 52-week high.[/URL] [/LIST] [/QUOTE]
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