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With Susman Godfrey now representing NU Ride Inc. in it's multi billion dollar lawsuit against Foxconn. Have no fear, Justin A. Nelson has a history of winning litigation for massive amounts. NU Ride Inc. will be taken to a whole new level when CEO Gallagher buys out and acquires LandX. Steve Burns saved and protected Lordstown Motors assets from being divided up by Foxconn. NU Ride Inc. will step in a billion dollars richer and be able to finance anything they choose to do going forward.
Lets not forget that Foxconn never paid the 170 million they owed for the plant and short sellers are Extremely Terrified as we can barely tell. LoL
This lawsuit will go down in history as the US company that broke Taiwan phone maker company Foxconn in half.
The best is yet to come, without a doubt as the best that they can do is hire losers to discredit a monster in the making.
NU Ride Inc. will end up with the plant back with a very serious amount of cash in hand. Make no mistake about it.
It will be a win, win, win.
Meanwhile…however few employees…NoRide wages and fringes must be paid. Ditto for rent, insurance, accountants, and legal fees.
NoRide’s cash is headed in one direction only: out.
And those NOLs age by age he month. And not in a good way.
Hardly, Susman Godfrey are the best in the business. CEO William Gallagher was told, "Make your plans Large" with $NRDE NU Ride Inc.
Susman Godfrey L.L.P. Choose Exceptional https://www.susmangodfrey.com/
With $NRDE retaining the best lawyers in the business. NU Ride Inc. can make it's plans large.
Restructuring veteran William Gallagher led, Mr. Cooper Group Inc. COOP to an over $80 PPS today.
And you never will. NoRide owns no IP or manufacturing capability.
Our demented friend will continue to post lies. There’s nothing to be done about that.
***** Meaningless ! and still no pictures of NRDE ( PU Ride ) vehicles i see - whoops
ENOUGH SAID
Define imminent.
***** Meaningless ! and still no pictures of NRDE ( PU Ride ) vehicles i see - whoops
ENOUGH SAID
I'm not sure what you mean by an NDA. If it has to do with the asset sale to LandX, that's mostly public except for the trade secret aspect of the deal (that is, the trade secrets haven't become public). If it has to do with intellectual property that Lordstown owned, that NDA must be void at this point given that LandX owns those assets, so it can't be that. That is, Burns is not excluded from that deal since his company bought those assets. If there is some secret agreement with LandX, there will still have to be notification of that deal, even if the details are proprietary or quiet. The SEC receives and publishes on EDGAR redacted agreements all the time. So, if there is an NDA regarding the Endurance, they aren't keeping it a secret from Burns at all. So, your first statement doesn't make any sense. What does Nu Ride have that even needs an NDA? From what I can tell, nothing. They are a shell, no revenue, nor production, no trade secrets, nothing like that. I've looked for evidence of an NDA and have found nothing. Again, if it were part of the severance package when Burns left Lordstown, that is no longer in force as Burns owns that material now. If you are thinking of a non-compete clause, that's obviously not in force as LandX was a competitor to Lordstown, but not to Nu Ride.
I do remember LMC/Nu Ride Inc. does have a lawsuit against Foxconn/Hon Hai Precision Industry Co. Ltd. It is ongoing, and the motion to dismiss has not been acted on. As near as I can tell, the Omnibus hearing coming up has to do with the bankruptcy itself, and looks to be about cleaning up some of the loose ends from the bankruptcy. It has nothing to do with the Foxconn lawsuit. I do expect that the companies are negotiating for a settlement. That I agree with. You mentioned an NDA here, and I disagree with that for sure. That's not to say that the negotiations are public, as they aren't. What is public is that there is a lawsuit and that assumes that settlement conversations may be part of the lawsuit. I don't know how "Soon" this will be settled, but I don't think either company will leave it to the judge to decide. I think somewhere between $70 million and $200 million will be the settlement. It won't be billions.
In the mean time, "Wall Street doesn't know what to do and doesn't want to be trapped either" is a fair statement. There isn't a good reason to invest in Nu Ride as they don't have a business. The only current hope for income is the lawsuit, which will give the company cash and maybe a bump in price, at least in the short run. They still need to decide on what business they will pursue, whether they will do something like COOP (not EVs) or some other business. The current Board of Directors suited be an EV company, though I wouldn't rule it out.
Still not sure what the pictures have to do with Nu Ride, as they currently have nothing to do with Nu Ride. The sedan doesn't have anything to do with LandX, as near as I can tell.
***** Meaningless ! and still no pictures of NRDE ( PU Ride ) vehicles i see - whoops
ENOUGH SAID
NU Ride Inc has the NDA and can't say anything to anybody especially Burns. The agreement details have been seen by nobody.
You have to remember LMC/NU Ride Inc. Lawsuit against Foxconn/Hon Hai Precision Industry Co. Ltd. is ongoing and will be settled soon along with the Omnibus hearing coming up.
Wall Street doesn't know what to do and doesn't want to be trapped either. Your own DD is welcomed.
No NDA with LandX. That was a public asset sale. I didn't see any reference to an NDA with that deal. That was a simple asset sale. If there was another agreement since, there would be notice of it even with an NDA.
No NDA with Foxconn. Those are public court hearings. That's not to say there isn't background negotiations which aren't public. But, for a court hearing, it wouldn't be a NDA, it would be a gag order, and there isn't one that I can find.
I'm not sure what those pictures have to do with anything. Yes, the van/truck is LANDX, but the sedan isn't them. SMH.
Was COOP a shell when William Gallagher took over? While this history does speak well of Mr. Gallagher, and does bring legitimate hope to this company, this doesn't seem to be even an apples to oranges comparison. Yes, you are correct that Mr. Sole bought stock in March and continues to receive stock-based compenasation.
***** LOL ! No one is going to turn NRDE ( PU Ride ) around period -- Whoops
ENOUGH SAID
***** NRDE ( PU Ride ) BOD is full of private equity - nothing good will come out of that - whoops
ENOUGH SAID
CEO William Gallagher turns companies around like he did with COOP
This is why directors are buying Large. Director Andrew Sole recently bought $1.2 million Class A common stock.
Managing Director
Bill Gallagher has more than 35 years of experience in finance, investment and financial restructurings. He brings deep expertise in credit analysis and has long-term management experience in the financial services industry.
Prior to joining M3, Bill was the Chief Executive Officer at WMIH Corp (NASDAQ:WMIH), a public acquisition corporation which was the successor to Washington Mutual, Inc., from May 2015 to July 2018. Bill was recruited to WMIH to oversee its acquisition strategy and manage its day-to-day affairs. While there, he worked closely with WMIH’s strategic financial partner, Kohlberg Kravis Roberts & Co. At WMIH, Bill’s responsibilities included reviewing, vetting and analyzing a large number of potential target companies from a variety of different sectors and industry groups. Ultimately, WMIH acquired Nationstar Mortgage Holdings (NYSE symbol NSM) to form Mr. Cooper Group (NASDAQ:COOP). Bill departed from WMIH upon the closing of the acquisition of Nationstar as his job at WMIH was completed.
Prior to WMIH, Bill was CEO and Chief Risk Officer at Capmark Financial Group, formerly known as GMAC Commercial Mortgage (from March 2009 to May 2015). Bill was retained by Capmark to manage its financial restructuring following the global economic crisis and was responsible for the management of the company’s day-to-day affairs, the restructuring of both the company and its assets (including its $15 billion commercial loan portfolio), its bankruptcy process, and its winding down and distribution of assets to creditors and other stakeholders. Capmark was a highly successful restructuring as Bill and his colleagues significantly increased the recovery value to Capmark’s creditors.
Before joining Capmark, Bill was the Chief Credit Officer of RBS Greenwich Capital, the US fixed income investment banking business of the Royal Bank of Scotland, where he was responsible for all aspects of credit risk management. While at RBS Greenwich, Bill was responsible for a wide variety of US corporations and buy-side companies, including corporate borrowers and debt issuers, financial institutions, industrial companies with captive finance businesses, and a variety of US corporations who traded various securities with or through RBS Greenwich.
Earlier in his career, Bill was a Vice President at First Boston Corporation in that firm’s credit risk management department. At First Boston, Bill was responsible for managing credit risk to a wide variety of corporate issuers and financial institutions. Bill began his career at Chemical Bank, where he completed the bank’s credit training program and then worked as a loan officer in the middle market division and a credit officer in the financial institutions division.
Bill has a B.S. in business administration from Syracuse University and an MBA from New York University.
https://m3-partners.com/senior-team/william-gallagher/
This is our CEO's handy work. CEO Bill Gallagher and why Directors are buying so large.
If you consider calling out your lies about NoRide as an “attack”, that’s your privilege.
But you have yet to refute with facts that you are lying.
***** NRDE ( PU Ride ) BOD is full of private equity - nothing good will come out of that - whoops
ENOUGH SAID
Super small share structure and float. Big Happenings Ahead with an Excellent BOD who are all top rated Finance Managers.
One look at the BOD and anyone can see that we're in the right place at the right time.
***** NU Ride needs to fire its Lying promotional awareness campaign manager asap
ENOUGH SAID
As much as it would please me to see you investigated for insider trading or possession of material non-public info, it’s clear that everything you claim and most of what you say is a lie.
So there’s no there there.
But I’ll give you one last chance. Explain how Burns gets involved with a publicly-traded company in violation of the SEC order.
Longs are so terrified that they are making things up. You clearly haven't done research in this company. You do realize it is a shell. How many employees did they have as of last report?
LandX has not hung to do with the Foxconn lawsuit. And your inside info is laughable. If you really had inside info…or even public info, you would know that Steve Burns is prevented from having anything to do with a publicly-traded company, per SEC orders. And out-dated photos only show how sick you are. Get help.
The Terrified are triggered and ain't seen nothing yet.
NU Ride Inc. Foxconn and LandX have court ordered NDA's on them so your own DD is required.
I know more but I say less as I'm constantly attacked by losers who know nothing.
Attacking me won't gain anything but silence from me.
Wait for the announcements, It's going to be big, in fact huge when the NDA's come off.
***** Meaningless ! and still no pictures of NRDE ( PU Ride ) vehicles i see - whoops
ENOUGH SAID
This is 100% untrue. LandX bought Lordstown assets. It's as simple as that. Read the filings. That's it. There is nothing more to that purchase, No secret agreements, no plans from that purchase to merge with Nu Ride, for LandX to buy Nu Ride. Nothing. Nu Ride is not buying the assets back. There is not even a hint of anything like that.
As long as Burns is involved with LandX, there will not be a merger.
Why would this even be a thing. When Nu Ride was formed, they chose fund managers to run the company. They didn't choose EV car executives, or experts at all. The filings suggest that they will go somewhere else in terms of a business plan. Can they go back to making EVs? Sure, that's a possibility. To suggest any more than that is just hype, and not from the company, but from an investor who is impatient with dead money. The vehicles pictured have nothing to do with Nu Ride, obviously, everyone knows that, even you.
Good luck. I do think Nu Ride will do something. How "Huge" the announcement will be is an open question. That we will have to wait. I know there is an omnibus hearing on July 11, but I don't think there will be an announcement from that hearing. That has nothing to do with the suit against Foxconn, which, they may win, they may lose. Lordstown made significant mistakes that allowed Foxconn to end the deal. Lordstown is not simply a victim here, they made some stupid mistakes, as you yourself know.
You know nothing about “announcements”…big or tiny. Stop lying. You’ve been proven wrong about pretty much every claim you’ve made about NoRide.
***** NOPE ! Theres no NRDE ( PU Ride ) acquisition coming - WHOOPS
ENOUGH SAID
There are no filings that suggest a LandX merger. In fact there are SEC documents tgat show just the opposite. Specifically, the filing that prevents Steve Burns from having anything to do with a publicly-traded company.
Stop lying and seek help. Alert your caregivers that you are in crisis.
Game changer. The Post office is buying EVs. LandX isn't going public anytime soon. What else is wrong with your silly Reddit story?
Perhaps there's a breakthrough on the horizon.
If you read your own post (and that's a VERY BIG IF), then you will read that NoRide sold ALL ITS IP TO LANDX. So if you suggest that NoRIDE owns any EV IP...or any IP for that matter, you are clearly lying.
But it's doubtful you read your own posts, because if you did, you would see that it's clearly written by an ignoramous. To suggest that LandX is even considering "register[ing] a stock symbol...." (BTW, that's not how going public works, genius) shows complete ignorace of what the SEC ruled and what STEVE BURNS ACCEPTED viz. his malfeascence when he was running the old RIDE.
I can only imagine that you ran out of pants a long time ago...and perhaps lost your house...due to the numerous trouser fires you started.
***** Meaningless ! and still no pictures of NRDE ( PU Ride ) vehicles i see - whoops
ENOUGH SAID
I've been doing this for a while. You seem to not know or care about what you are doing and make stuff up all the time. Those were part of a stock-based compensation plan, and not purchases. Read the filings for a change. SMH.
But, in 2021, Workhorse didn't get the contract. While the contract would have helped Lordstown, they didn't get the chance to deliver on the contract, as they didn't get the contract. Production is still delayed by the winner of the contract, so this is a story that is still going on, but it has had nothing to do with RIDE, or now Nu Ride, for a long time. That's my understanding.
***** Meaningless ! and still no pictures of NRDE ( PU Ride ) vehicles i see - whoops
ENOUGH SAID
Nu Ride's new five-person board is expected to appoint William Gallagher, managing director of M3 Partners — a transaction advisory firm in New York — as Nu Ride's president and CEO, according to the regulatory filing.
Gallagher faced a situation similar to Nu Ride as CEO at WMIH Corp., the public acquisition corporation that succeeded Washington Mutual Inc. — the parent of WaMu Bank in Seattle that was seized by federal thrift regulators in fall 2008. By January 2015, the shell company left over from the failure of Washington Mutual had raised close to $600 million to pursue acquisitions of financial companies that could benefit from its huge, tax-deductible losses, according to a report by the Seattle Times.
Gallagher took over as leader of WMIH in May 2015 "to oversee its acquisition strategy and manage its day-to-day affairs," according to M3 Partners.
He was responsible for "reviewing, vetting and analyzing a large number of potential target companies from a variety of different sectors and industry groups," M3 says.
"Ultimately, WMIH acquired Nationstar Mortgage Holdings to form Mr. Cooper Group," M3 says. Gallagher departed from WMIH after closing the Nationstar acquisition in July 2018.
Bill Gallagher has more than 35 years of experience in finance, investment and financial restructurings. He brings deep expertise in credit analysis and has long-term management experience in the financial services industry.
Prior to joining M3, Bill was the Chief Executive Officer at WMIH Corp (NASDAQ:WMIH), a public acquisition corporation which was the successor to Washington Mutual, Inc., from May 2015 to July 2018. Bill was recruited to WMIH to oversee its acquisition strategy and manage its day-to-day affairs. While there, he worked closely with WMIH’s strategic financial partner, Kohlberg Kravis Roberts & Co. At WMIH, Bill’s responsibilities included reviewing, vetting and analyzing a large number of potential target companies from a variety of different sectors and industry groups. Ultimately, WMIH acquired Nationstar Mortgage Holdings (NYSE symbol NSM) to form Mr. Cooper Group (NASDAQ:COOP). Bill departed from WMIH upon the closing of the acquisition of Nationstar as his job at WMIH was completed.
Prior to WMIH, Bill was CEO and Chief Risk Officer at Capmark Financial Group, formerly known as GMAC Commercial Mortgage (from March 2009 to May 2015). Bill was retained by Capmark to manage its financial restructuring following the global economic crisis and was responsible for the management of the company’s day-to-day affairs, the restructuring of both the company and its assets (including its $15 billion commercial loan portfolio), its bankruptcy process, and its winding down and distribution of assets to creditors and other stakeholders. Capmark was a highly successful restructuring as Bill and his colleagues significantly increased the recovery value to Capmark’s creditors.
Before joining Capmark, Bill was the Chief Credit Officer of RBS Greenwich Capital, the US fixed income investment banking business of the Royal Bank of Scotland, where he was responsible for all aspects of credit risk management. While at RBS Greenwich, Bill was responsible for a wide variety of US corporations and buy-side companies, including corporate borrowers and debt issuers, financial institutions, industrial companies with captive finance businesses, and a variety of US corporations who traded various securities with or through RBS Greenwich.
Earlier in his career, Bill was a Vice President at First Boston Corporation in that firm’s credit risk management department. At First Boston, Bill was responsible for managing credit risk to a wide variety of corporate issuers and financial institutions. Bill began his career at Chemical Bank, where he completed the bank’s credit training program and then worked as a loan officer in the middle market division and a credit officer in the financial institutions division.
Bill has a B.S. in business administration from Syracuse University and an MBA from New York University.
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