NU Ride Inc (NRDE)

[Saving Grace]

Proof positive "Legacy Lordstown" Emblem/Logo on Van/SUV not Tesla!

None of these prototypes went to Burns. "Legacy Lordstown" is a registered trademark and subsidiary of NU Ride Inc.



A merger with LAS, LandX/NU Ride Inc. emblem to be established. 10million in R&D was billed in filings under R&D



NRDE NU Ride Inc. isn't going anywhere but up. Strong Hold

Shorts are terrified as we can barely tell. Terrified!

[1vman]

***** Meaningless ! still no pictures of ant NRDE ( PU Ride ) vehicles I see - whoops

STRONG SELL !!!

ENOUGH SAID

[JoshTaeger]

I can and have proved that you’re lying about NoRide. You cannot prove anything you’ve claimed.

[Saving Grace]

Watch and see as we already have a following of the desperate and terrified.

NU Ride Inc. has plans beyond belief

Electric, Hydrogen and Frequency driven. Thousands of patents being released to the general public and NU Ride Inc. will be there from the beginning. With a dynamic new BOD in place and buying millions of NRDE common stock, says enough to be extremely excited.

Stay tuned for fantastic updates right around the corner. Strong Hold.

"Legacy Lordstown" Logo on Van/SUV


LandX/NU Ride Inc. emblem to be established. 10million in R&D was billed in filings.

[JoshTaeger]

Stop lying. NoRide owns no patents nor does it even have a minority intestest in patents, EV or otherwise.

NoRide is a shell. NoRide management describes NoRide as a shell. No one is putting words in NoRide management's collective mouthes.

NoRide has some cash and NOLs. That's it. No IP. No manufacturing capacity. Nothing that to produce revenue. That's why NoRide management says it's a shell.

So...stop lying.

[Saving Grace]

NU Ride Inc. is going to the top.

Watch and see as we already have a following of the desperate and terrified.

NU Ride Inc. has plans beyond belief

Electric, Hydrogen and Frequency driven. Thousands of patents being released to the general public and NU Ride Inc. will be there from the beginning. With a dynamic new BOD in place and buying millions of NRDE common stock, says enough to be extremely excited.

Stay tuned for fantastic updates right around the corner. Strong Hold.

"Legacy Lordstown" Logo on Van/SUV


LandX/NU Ride Inc. emblem to be established. 10million in R&D was billed in filings.

[1vman]

***** Meaningless ! still no pictures of ant NRDE ( PU Ride ) vehicles I see - whoops

ENOUGH SAID

[JoshTaeger]

Learn to read financial statements. And stop lying.

LandX is not buying out or merging into NoRide. Anyone with half a brain knows why. And you don’t qualify.

[dss19552002]

I'm sorry, but the 10 million in $&D is from 2023. This is 2024. I never said the vehicles in your posts were from Tesla, if you were referring to me. Either way, the van (or Truck as it is actually identified in the video you refer to) is not a Lordstown property. Fact. It belongs to LandX. The sedan you have pictured is not Lordstown either, nor is it LandX. It's a discontinued product. Do your research. SMH.

You do realize the Nu Ride is a shell? It's in the filings. That R&D is for products that LandX bought. So, Lordstown spent that $10 million to develop LandX products, essentially. Lordstown doesn't own and is not developing any EV. You know that for a fact, 100%.

However, I'll take this message as just an attempt to get a reaction and not a serious post. So, congratulations. You got my response which took your post seriously, though I am now thinking it isn't a post to be taken seriously. Too many wrong facts from someone who says they read the filings.

[Saving Grace]

"Legacy Lordstown" Logo on Van/SUV not Tesla!



LandX/NU Ride Inc. emblem to be established. 10million in R&D was billed in filings.

[dss19552002]

First, I've already debunked the video and the picture. The sedan you posted has zero to do with Nu Ride. I've proven that. Same with the video of the van or truck. Nothing to do with Nu Ride. You might as well post a picture of the Tesla truck, which is already on the road.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174447351

Second, how will Nu Ride change the world? They aren't even an EV company yet. Also, in the EV world, Tesla can make that claim, Nu Ride, even if it becomes an EV maker (which there isn't a good reason to believe), won't be in that position, even if they wind up being bigger than GM. So, this is just posturing and a pumper-like statement, though if you believe in the idea, I can accept it as cheerleading and excitement.

Third, there is no evidence of a merger with LandX. There will not be one as long as Burns is in the picture. Why would he want to merge with Nu Ride? He'd be better off probably with a new SPAC, like Diamond Peak was when they merged with Lordstown. Even at that, Burns couldn't do it anyway, so I think he's happy having a private EV company at the moment. As with the link above, the sedan was a failure for that company, the sedan you posted a picture of. The truck or van as you may call it is a LandX property. I'm sure LandX would want much more than $10.2 million they paid for the assets of the old Lordstown Motors. I would also read the SEC rulings on this issue. It will help you understand the reasons I say this.

So, in conclusion, the merger with LandX is just hype by an individual investor who wants it to be true, but has ZERO evidence for it. That's fine, that's what it is, and I get that posters do that on these types of message boards. I also get the Nu Ride Inc. name idea that you have latched onto. But, it could be as simple as the old ticker was RIDE, and this is a new company from the "ashes" of Lordstown Motors, RIDE, so this is now a new company and they took for the name the old ticker. It might not be anything more than that, just borrowing the old ticker to say they are a new company from that ticker. Nu verses New is kind of cute, I guess. You've provided no evidence to suggest otherwise. But, in your defense, the company is looking for a merger candidate, either to buyout a private company and go public with that or merge with another public company. So, the merger idea is not out of the question, and worth being on the lookout for. I do think, at the moment, a merger with LandX is out of the question for a variety of reasons.

Good luck.

[1vman]

***** BUYER BEWARE !!! Theres no merger coming for NRDE ( PU Ride ) - zero proof of this nonsense

ENOUGH SAID

[Saving Grace]

A merger with LandX explains the new name NU Ride Inc. being re-branded.

This move will be great as LandX will be able to absorb and eventually write off it's own debt and NU Ribe Inc. liabilities with the merger.

It will all make perfect sense and an excellent business move when announced.

Merger can be expected soon. Strong Hold.

What's about to happen will change the world.

[Saving Grace]

It's all coming together for $NRDE, LandX merger acquisition! Strong Hold.

Shorts are Terrified

NU Ride Inc. will be explosive soon. Very Soon.

[dss19552002]

You are making this up. Maybe you should read the filings and you will know that Burns will have nothing to do with this company as long as it is public. That's my understanding of the filings at this point.

[1vman]

***** It's all falling apart for NRDE ( PU Ride ) , no merger / acquisition coming Strong Sell - whoops .

Longs are Terrified

ENOUGH SAID

[JoshTaeger]

BWAHAHAHA!!!

You haven’t been right about anything NoRide has done…or didn’t do.

[Saving Grace]

It's all coming together for $NRDE, LandX merger acquisition! Strong Hold.

Shorts are Terrified

[JoshTaeger]

There’s no reason to expect that. Because…Burns.

You need to pay better attention to the SEC ruling. And stay off the ayahuasca.

[Saving Grace]

A merger with LandX explains the new name NU Ride Inc. being re-branded.

This move will be great as LandX will be able to absorb and eventually write off it's own debt and NU Ribe Inc. liabilities with the merger.

It will all make perfect sense and an excellent business move when announced.

Merger can be expected soon. Strong Hold.

[1vman]

***** BUYER BEWARE !!! Theres no merger coming for NRDE ( PU Ride ) - zero proof of this nonsense

ENOUGH SAID

[dss19552002]

So, you are saying this is just a rumor? Not a very plausible one. LandX will not likely merge with Nu Ride, and Burns will not be an officer at Nu Ride unless Nu Ride goes private. Why would LandX merge with Nu Ride? If they are looking for a reverse merger, there are other shells, or they could do a SPAC. They could even do an IPO, I suppose. What does Nu Ride have to offer them?

Diamond Peak? Isn't that old news from 2020? What RIDE used to be before it was RIDE.

Omnibus hearing is July 11, I think.

[Saving Grace]

$NRDE NU Ride will skyrocket as Burns praised, soon. Very soon!

Bashers to eat crow.

[Saving Grace]

Call Diamond Peak. Omnibus hearing coming up too.

[dss19552002]

What merger with LandX? I haven't seen any news about that.

[1vman]

***** Still no pictures of NRDE ( PU Ride ) vehicles I see !!! - whoops

ENOUGH SAID

[JoshTaeger]

Yes…and?

Good for Burns. Means nothing for NoRide. Burns will not be involved with a publicly-traded company for the foreseeable future, (little) thanks to the SEC.

Unless your suggesting that Burns is going to make a killing selling the IP back to NoRide for multiples of the $10M he paid fit it?

That would pretty much require all of NoRide’s cash…and then some.

[Saving Grace]

LandX Merger will soon explain how Burns saved LMC and it's assets from being broken apart.

$NRDE NU Ride Inc. Ready to Explode PPS. It's imminent.

[1vman]

***** NRDE ( PU Ride ) is a shell , they have no way of making vehicles - whoops

ENOUGH SAID

[dss19552002]

Thanks. We all make mistakes. I know I have. Have a good weekend.

[Saving Grace]

OK, you're right, Andrew Sole's 1.2 million purchase was a cash purchase but the other directors were in fact grants. My mistake, after doing the math. You nailed it. Thanks for clearing that up. Peace <><

This is not a stock purchase, but a grant. Look at the form 4. They acquired 52,747 shares. The closing price on May 13 was $1.82. Let's see, $1.82 times 52,747 is $95,999.54. That's the stock grant that they received, which vests quarterly. By some amazing coincidence, that's what the Form 4 says! The $95,999.54 matches up with the $96 000 from the 8-K as well. So, far, this company is being transparent.

[dss19552002]

What are you talking about?

From your quote of the filing:

a three-year grant under the Company's 2020 Equity Compensation Plan of restricted stock units (“RSUs”) with a fair
market value of $8,000 per quarter ($96,000 in the aggregate), based on the closing price per share of the Company’s common stock on May 13, 2024.

This is not a stock purchase, but a grant. Look at the form 4. They acquired 52,747 shares. The closing price on May 13 was $1.82. Let's see, $1.82 times 52,747 is $95,999.54. That's the stock grant that they received, which vests quarterly. By some amazing coincidence, that's what the Form 4 says! The $95,999.54 matches up with the $96 000 from the 8-K as well. So, far, this company is being transparent.

The board already gets $12,000 cash per quarter and can do whatever they want with it.

I don't disagree with that. However, they didn't use that $12,000 to buy stock.

You also said

They Bought undisclosed amount, allowed to acquire

.

I disagree with that. The Form 4 doesn't say that they purchased an undisclosed amount. The way form 4's work is that insiders report their buying and selling. It isn't a secret. The form 4s report what they currently own, direct and indirect. Look at Sole's Form 4, it shows both the 52,747 restricted stock unit grant (which is what all these form 4s were about - NOT stock purchases) and the shares he bought back in March, which are 700,000. All their acquisitions are disclosed. They even reported when they became directors that they didn't own any stock in the company by filing their Form 3s.

So, yes, I read the May 16 filing, the 8-K. You quoted it. It does mark a fairly significant change from the March 15 8-K in 1) the cash compensation, being now paid in advance rather than areas. The specifics of the stock based compensation changed also from the March 8-K in that it was more specific as to the date which the pricing was determined for the stock compensation and how it was to be distributed.

So, again, I'm not sure where you disagreed with me based on the filings. So, Read the filings. SMH.

[Saving Grace]

They Bought undisclosed amount, allowed to acquire. The board already gets $12,000 cash per quarter and can do whatever they want with it. Read the filing. SMH

Following a review by, and upon the recommendation of, the Compenation Committee of the Board of Directors (the “Board”) of Nu Ride Inc. (the
“Company”), on May 13, 2024, the Board adopted a modified director compensation plan that includes the payment of cash and equity consideration to outside
directors for service on the Board. Accordingly, each director will receive (i) a quarterly cash stipend of $12,000, which will be paid in advance on or about the
first day of each calendar quarter, and (ii) a three-year grant under the Company's 2020 Equity Compensation Plan of restricted stock units (“RSUs”) with a fair
market value of $8,000 per quarter ($96,000 in the aggregate), based on the closing price per share of the Company’s common stock on May 13, 2024. The
RSUs granted cover service on the Board through the first quarter of 2027 and vest quarterly through January 30, 2027, subject to acceleration on the
occurrence of certain events. The amount of quarterly director compensation of $12,000 cash and $8,000 equity remains the same as previously approved by
the Board and disclosed in the Company’s Form 8-K filed on March 15, 2024, but the cash portion will be paid in advance rather than in arrears and the equity
portion consists of a single grant of RSUs for up to twelve quarters of service rather than as quarterly issuances of shares of common stock

[dss19552002]

Acquired means acquired. You and I agree on that. But you didn't say that!

You said "5 Directors bought large on the 15th.". They did not. Learn to read a Form 4. SMH.

So, you were wrong. I stand by my post.

[Saving Grace]

Acquired Means Acquired! SMH

https://www.otcmarkets.com/stock/NRDE/disclosure

[dss19552002]

Michael Wartell was not a stock purchase, but an acquisition:

Represents a restricted stock unit award that vests in quarterly increments through January 30, 2027. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.

Alexandre Zyngier was not a stock purchase, essentially the same as Michael Wartell's.

The same for Andrew Sole's March 15 acquisition. The same as the above 2 acquisitions.

Alexander Matina also had the same number of shares acquired the same way.

The same is true for Neil Weiner.

So, in short, these 5 insider transactions were not stock purchases, but acquisitions.

Box 4, as you pointed out in an earlier post is A for acquisition vs D for disposition. That could be a purchase or some other acquisition.

Box 3 has the code of A, which is not a purchase, but an acquisition. I'll report the quote for note 1 on Neil Weiner's form 4:

Represents a restricted stock unit award that vests in quarterly increments through January 30, 2027. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock

All of these seem to be direct ownership for even Andrew Sole (Box 6 ownership form) whose other shares are indirect. True with a couple of others as well.

So, no director bought large on May 15th. But 5 directors did receive stock on May 15th. These transactions look like, unless I am mistaken, stock-based compensation and not purchases, but these do not vest immediately. They all received 52,747 shares (or share equivalents - units as reported on Form 4).

Don't mistake what I am saying, I'm not making a bearish statement here, it's just not as bullish as an actual stock purchase. There is still incentive to perform, and thus incentive for the stock price to improve, so this isn't negative.

While this isn't a complete list, here is part of the section for the Form 4 instructions:

8. Transaction Codes
Use the codes listed below to indicate in Table I, Column 3 and Table II, Column 4 the character of the transaction reported.
Use the code that most appropriately describes the transaction. If the transaction is not specifically listed, use transaction
Code “J” and describe the nature of the transaction in the space for explanation of responses. If a transaction is voluntarily
reported earlier than required, place “V” in the appropriate column to so indicate; otherwise, the column should be left blank.
If a transaction involves an equity swap or instrument with similar characteristics, use transaction code “K” in addition to
the code(s) that most appropriately describes the transaction, e.g., “S/K” or “P/K.”
General Transaction Codes
P — Open market or private purchase of non-derivative or derivative security
S — Open market or private sale of non-derivative or derivative security
V — Transaction voluntarily reported earlier than required
Rule 16b-3 Transaction Codes
A — Grant, award or other acquisition pursuant to Rule 16b-3(d)
D — Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
F — Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise
or vesting of a security issued in accordance with Rule 16b-3
I — Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer
securities
M — Exercise or conversion of derivative security exempted pursuant to Rule 16b-3

This is not the complete list, but should be helpful for box 3 of form 4.

[Saving Grace]

5 Directors bought large on the 15th.

https://www.otcmarkets.com/stock/NRDE/disclosure

[dss19552002]

From my reading of the lawyer's website, there is no timeline at the moment:

https://www.kccllc.net/lordstown

However, the chapter 11 litigation is largely done, as if you look at the court docket, there are mostly final applications.

The big question is the adversarial lawsuit against Foxconn. That is also visible on this webpage under adversary case proceedings. The last item there is from December 2023 for the motion by Foxconn to dismiss, which hasn't been ruled on yet. I think this will be settled, which might be why the court hasn't yet ruled. However, I don't really know that. The court case could go on for a long time if they don't settle, and I mean possible a year or two.

Based on insider buying, which really hasn't happened since March (the May filings have been stock grants or something like that from what I saw), I can see how you might think this is a good buy. I don't think that's as strong of a signal as you might, but it's a reasonable position. It's also reasonable to expect that they will get some cash from the Foxconn lawsuit, though I don't think billions. So, I can see that being a reasonable reason to play this, at least as some sort of lotto ticket. The litigation may take years, so I don't think this is a short-term play on that basis, but it's fair.

Either way, they do have cash, so they can do something with it, whether it's investing in EVs or some other business, or if they are a reverse merger target for something. It's a lot of hope and ifs for an investment, but as a lotto play, I can certainly see it. To me, your position seems reasonable for investing in this shell. I wish you luck.

[MikeyInTheD]

Nice to see some volume given the company only has cash and litigation claims as assets.

Do we have a timeframe on when the litigation may be resolved? The stock is almost a gamble on if they will win or lose.

I started a position last week and added to it this week. This seems like a safe bet given the insider buying and potential payday on the litigation. There are plenty of intellectual property and assets to be purchased from failed or failing EV companies if they chose to go that route.

[dss19552002]

The van picture you have is not an asset, not a tangible asset:

https://www.reddit.com/r/lordstownmotors/comments/19a3dp0/20240108_landx_van_final/

Play the video. It's LandX, not Lordstown and not NuRide.

As far as the Sedan (you keep confusing this with the county, so wherever you are cutting and pasting this from, you should edit that), that doesn't appear to be Nu Ride's either. It looks like a Foxconn product and not Lordstown, and thus not Nu Ride:

cc.tvbs.com.tw/2017program/cars/images/uploads/2022/10/07165252/221009%E5%AF%8C%E5%A3%AB%E5%BA%B7%E5%8E%9F%E5%9E%8B%E8%BB%8A%EF%BC%BF001-1024x576.jpg- look at the web address, it's not even the USA!

https://cc.tvbs.com.tw/2017program/cars/images/uploads/2022/10/07165252/221009%E5%AF%8C%E5%A3%AB%E5%BA%B7%E5%8E%9F%E5%9E%8B%E8%BB%8A%EF%BC%BF001-1024x576.jpg


Sorry about double posting the link, I just wanted to be sure that the address was visible.

Upon further research, the sedan appears to be the Indie EV, I think. It is a Foxconn vehicle, but it was once part of Indie EV as a company, which has folded, as I understand it. A quick look at the Internet shows that the sedan's production has been cancelled. Without doing a deeper dive, this is what I have on this sedan.

[dss19552002]

Let me start by acknowledging where we agree.

I can assure, no common stock shares would be being acquired or Directors buying a $1.2 million stake this month unless they were certain of the direction of the company. I bet we see more buys coming in this quarter, or acquiring more shares.

First, I will agree that directors won't buy unless they think the direction is positive. However, I've been in a stock that was $5.00, the president or CEO bought and the next day the stock cratered to under $1.00, and quickly to sub-penny. However, that exception aside, I agree. Buying stock is normally a good sign, though this is still a shell, and they might not even know what this company will be. Some of the recent form 4 acquisitions were not purchases, but look to be part of the compensation package, so that's not quite the bullish sign, so the "being acquired" part of your statement I will disagree with. Even LQMT has stock acquisitions, and that stock is not going anywhere anytime soon.

Now for the rest:

R&D for the first quarter of 2023 was $14.4 million related to development and engineering activities associated with the Endurance and future programs, and consisted primarily of $9.7 million in personnel costs, $2.2 million for outside engineering and consulting services and $2.5 million in prototype components and other testing and development supplies.

I don't understand your answer. I asked about R&D spending in 2024. You answered with R&D spending in 2023. That's okay, but just to state the obvious, it's 2024 now, not 2023. A lot has changed since 2023. For one thing, the assets were sold in 2023 to LandX, and teh Endurance has been abandoned, and there aren't very many on the road, if any right now. They frankly don't have any EV assets. If they did, I would think they would have kept Hightower on the staff, yet they let him go, and have no actual employees now. So, while your statement is true, it is no longer relevant to Nu Ride, as those assets are no longer here.

As far as counting the Foxconn Litigation Claims as an asset, I'm not sure that is proper. It doesn't go on the balance sheet, as if they win (and that certainly isn't certain - the judge doesn't know how it's going to work out, certainly not the CEO here) we won't know whether they will get $100 million or $5 billion, or $1.00 (that happens in small claims, but I don't have the legal experience to say whether that is really an option here, but theoretically it's a possibility. So, I don't think it is an asset. I would say it's a potential asset, as assets are something they already have. However, I'm disagreeing with the company and not so much with you, as they are reporting it as an asset. I don't think it is correct, but I'd have to know more about accounting to understand if this is correct or not. I do have a question about it though.

You make the claim that there are actual prototypes currently owned by Nu Ride, yet Nu Ride makes no such claims. In fact, they make the opposite claim. Their only assets are cash (restricted and otherwise), litigation claims, and NOLs. NOLs are more an asset in a sale, but still valuable for a company even if not for sale. Nowhere in the 10-Q is there any indication that there is a van, a truck, a sedan (you keep saying Sudan, but your cut and paste source for those posts needs to be corrected as that is a typo). They have none of those. LandX has those as part of the sale. If you believe otherwise, you are believing without evidence, as your statement of the Endurance not being a prototype while spending on prototypes doesn't help your case at all, though essentially correct. That was all pre-bankruptcy. LandX must have the prototypes, or they would have kept the Endurance in production or operation.

I don't know how big a story it would be on Bloomberg, as much of what is on that site is from news crawlers, that they harvest from the internet, but this is a sub $2.00 stock now, and wouldn't warrant much coverage from Bloomberg apart from standard reporting of such events. There certainly wouldn't be a team of reporters following this company. At the current time, Nu Ride isn't that significant. It may be in the future, but until then, it's just a shell company. I expect that to change, but maybe not for a little while.

Anyway, have a good rest of your weekend.

[1vman]

***** Meaningless ! still no pictures of ant NRDE ( PU Ride ) vehicles I see - whoops

ENOUGH SAID

[Saving Grace]

R&D for the first quarter of 2023 was $14.4 million related to development and engineering activities associated with the Endurance and future programs, and consisted primarily of $9.7 million in personnel costs, $2.2 million for outside engineering and consulting services and $2.5 million in prototype components and other testing and development supplies.

Our assets consist of cash and cash equivalents, restricted cash, the Foxconn Litigation claims, claims the Company may have against other parties and NOLs.

The Van, MIH EV's, prototypes, were all paid for in 2023 and in the Foxconn litigation. Endurance was already road tested and certified before 2023 first quarter report, and Endurance was not a prototype at this point yet $2.5 million was spent on prototype components and other testing and development supplies.

Either way Foxconn Litigation claims is the Multi Billion Dollar question.

I can assure, no common stock shares would be being acquired or Directors buying a $1.2 million stake this month unless they were certain of the direction of the company. I bet we see more buys coming in this quarter, or acquiring more shares.

If they weren't in litigation, there would be stories about that alone in Bloomberg.

[dss19552002]

You are wrong. Well, let me explain that. You are correct about box 4, where it's either A or D. Box 3 has more such codes than that. A purchase is P, other acquisitions, like a stock grant is an A. I was talking about box 3, you are talking about box 4. I can see why you would do that, and I might have done the same thing, but either way, you are wrong.

Andrew Sole was a Purchase, that was a P. I agree with you, even though it is mostly indirect ownership.

I did not see the $10 million spent third party engineering and design costs. You talk of tangible assets. They don't have any, so I'm not sure where you get that from as I look at the 10-Q. There are no R&D costs. There is no van or "Sudan". There is, of course no Sudan. That's a country. What are you talking about. There is no sedan either. Read the 10-Q. Read the filings. The filings aren't Reddit pages, or video blogs on YouTube. There is no evidence that Nu Ride is working on a van or a sedan (proper spelling, not Sudan). You should really proof read your posts. Maybe you are referring to $10 million spent before the bankruptcy? That's possible, but isn't really helpful for discussion about Nu Ride.

Your tangible asset claim is total and complete nonsense. the first one, the video, (or really still from a video), that picture is from Reddit, and is about LandX, it isn't about Nu Ride at all. Nu Ride has nothing to do with it. You know that. They don't have a van or a truck. Fact.

The second picture is not Lordstown's either, nor is it Nu Ride's. It is not a tangible asset for Nu Ride. Fact. That one I think belongs to Foxconn, but I'm not sure. Given that clicking on the picture leads to a .tw website, I would say it isn't American at all.

This isn't to say they won't have one in the future, but they don't now. LandX bought all that, as you yourself know.

The company is a shell, and you know that as well.

[JoshTaeger]

Oh boy. Obviously, someone has a comprehension problem.

NoRide has no IP and no engineering or design assets. NoRide has cash and NOLs. That is it.

Doesn't matter how much the old RIDE spent (PAST TENSE) on engineering and design. Steve Burns got it all for $10M.

NORIDE HAS NO TANGIBLE ASSETS. Don't believe me? Show us where NoRide reported depreciation on a tangible asset.

[Saving Grace]

It's either A acquired or D disposed. He acquired 52,747 shares of common stock based on the restricted share amount he must hold. It was his choice unlike a warrant, to acquire the shares now based on his restricted amount.

It's a really good signal and I believe we will see more of this coming. Andrew Sole bought his 1.2 million shares on the open market which is another good signal.

The company is getting ready for something and had over 10 million spent on third party engineering and design costs. (tangible assets) which I believe are the Van and Sudan.

Tangible Asset


Tangible Asset


Hightower mentioned the streamlined interior infrastructure of the company when placing an order and all the third party components from tires to head lights that was established in the supply chain with shipping and receiving parts and selling vehicles faster by optimizing sell-through rates with all in one partnerships and have complete overhead control of inventory with complete logistics already handled from a single automatic order process. This system is another tangible asset all on it's own.

We are set up for success and the New CEO and BOD's is a dream come true for any company, ready for lift off which we are.

[dss19552002]

Just a quick point on the Wartell acquisition. Based on the Form 4, he DID acquire the shares. It DOESN'T look like he purchased them. Looks to be something like a stock grant or issuance based on my understanding of the codes for Box 3 of Table I. If he purchased them, the code would be P not A.

[dss19552002]

Two points:

1) You do have a point about an insider buying as many shares in the company. The company is a shell, as you say, but I presume that the new BOD expects to do something with the company, so that point is sound.

2) The company has no truck. So, the cash will not help build out production and improvements to the truck. They sold that to LandX as part of the bankruptcy. There is no guarantee that they will return to the EV market once they cease to be a shell. The BOD is made up of fund managers, they release all the EV expertise. That is, they were either fired or really more likely simply terminated or laid off. That's in the recent 10-Q. So, this part of your post is wrong, though if you are new here, it's certainly understandable.

Good luck.

[Saving Grace]

Exactly, Director Wartell Michael J. acquired 52,747 shares on 5/13

[MikeyInTheD]

No one buys $1.2mm in shares of a shell company with no cash or prospects for the future. There is a plan in place to pursue the lawsuit. Hopefully they will settle out of court and the influx of cash helps build out production and improvements to the truck.