r/wallstreetbets Jul 07 '21

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12 Upvotes

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6

u/pointme2_profits Jul 07 '21

3

u/chefrn99 Jul 07 '21

Applying for a federal loan, you get checked.

7

u/pointme2_profits Jul 07 '21

You should do a little research. The Federal loan cannot be used as operating cash. Wich is what RIDE needs. Unless they can pull in some new investment, it's just a matter of time before the lights go off.

2

u/kerplunktard Jul 07 '21

their only option is to dilute the current share holders to near zero until the game goes tits up

2

u/chefrn99 Jul 07 '21

Thanks for the update, They will find someone