NU Ride Inc (NRDE)

[dss19552002]

A couple of additional points or questions:

that's rated in the top 5% of all start ups free and clear cash

1) RIDE was a startup. Nu Ride, NRDE, is not. NRDE is a shell. There is a difference.

It reminds me of the Procter and Gamble merger when most had thought Gambles Stores

2) What are you talking about? What Procter and Gamble merger? I think you have your history wrong. Proctor and Gamble were formed together in the early 1800's. Well, they did merge in 1837, but that is hardly a comparison to Nu Ride. Are you thinking of something else?

So, I'm not sure what point you are making, but given your facts are wrong here on these 2 points I would question the conclusion.

Yes, Nu Ride has cash, and I agree it's about $20 million (a little less but for these purposes, rounding here is okay). For most shells, or shell-like companies, $20 million is a lot of cash, so I agree with that point, if you are willing to accept the correction of NRDE being a Shell and not a Start Up.

[dss19552002]

This post is not your best.

Fact: No revenue, no product, no van, no car, no truck, no military vehicle. That has been proven over and over. The 10-Q proves that without a doubt.

I believe this is written carefully and constructively. With nearly 20 million in cash, that's rated in the top 5% of all start ups free and clear cash and NU Ride Inc. already spent 10 million in costs on a prototype. Van? Sudan?

Fact: They have no prototype. To be fair, the word prototype is in the 10-Q, so I can understand how you would misread the 10-Q, but they don't have one. Fact. To dispute that means you haven't read the 10-Q or any of the other filings. The prototype expenditures were in Q1 of 2023. No van. Sudan? I think you meant Sedan? Sudan is a country (really now 2 countries with South Sudan being a struggling new country. LandX has the prototypes, and the 10-Q proves it without a doubt.

Evidence from the 10-Q:

The Company’s remaining assets following the closing of the LandX Asset Purchase Agreement consist largely of cash on hand, the claims asserted in the Foxconn Litigation (as defined below), claims that the Company may have against other parties, as well as net operating loss (“NOL”) carryforwards and other tax attributes.

Fact: The Foxconn lawsuit is still ongoing and the court has yet to hear oral arguments on the motion by Foxconn to dismiss. So, winning the the lawsuit is hardly a certainty. You are obviously wrong about the lawsuit. The 10-Q isn't proving by deceit by Foxconn. However, there has been deceit by then Lordstown, and that is a fact. Though that instance of deceit predates this management and goes back a couple of years, or so.

LandX will not have a ticker while Steve Burns is there. If you've done your research, you would know how unlikely that is.

So, most of your conclusions are false and you are reading what you want to see, not what it actually says.

I do agree, however, that given the possibility of winning some amount of cash from Foxconn (probably not billions as you suggest, as that just posturing, it won't happen), it is fair to list that as a potential asset. It's not an actual asset because Nu Ride can still lose the lawsuit. You can't disagree with that, even if they wind up winning the lawsuit (on whatever level that means). I do think a settlement is likely for probably the balance of what Foxconn would have owed for the 2 deals. Nu Ride has no EVs, it's not an EV company, so having the plant doesn't benefit them, but creates an expense they don't need. As you said, their management team are fund managers, and aren't skilled in making EVs. Hightower would still be on the management team if they were making, or planning to make EVs.

I also agree that Nu Ride, while being alive and well isn't the best description for a Shell Company, will be around for a while, and they are seeking to continue. I don't know what they will be as a business, as I don't think they know, and you certainly don't know.

I understand the EVs are a good place to invest as they are the future, at least mid to near term. The desire is to convert all gas vehicles to EVs in the future. So, I don't blame you for wanting to be involved in the technology. However, Nu Ride isn't in that business at this time. That may change, but it is for sure not in the business at this time. There is no evidence to support that. I've already commented on all your pictures which don't support your case at all. You have no answer for that.

[1vman]

***** NRDE ( PU Ride ) is a shell period - theres no influx of anything coming here - whoops

ENOUGH SAID

[Saving Grace]

Excellent 10Q spells out what MOST can't see. This is preparing for a massive influx in court awarded cash thru a positive court decision against Foxconn and optimistically granted. They are crossing T's and dotting I's while proving absolute harm caused to operations from Foxconn's fraud and deceit.

The 10Q spells is out and by using terms such as "going concern" indirectly states, remaining in business.

NU Ride Inc. remains a strong hold as the writing is on the wall.

We may choose not to hold a shareholder vote to approve a business combination if the business combination would not require shareholder approval under applicable law or stock exchange listing requirement. For instance, if we were seeking to acquire a target business where the consideration we were paying in the transaction was all cash, we would typically not be required to seek shareholder approval to complete such a transaction. Except as required by applicable law or stock exchange requirement, the decision as to whether we will seek shareholder approval of a proposed business combination or will allow shareholders to sell their shares to us in a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors, such as the timing of the transaction and whether the terms of the transaction would otherwise require us to seek shareholder approval.

Risks Related to our Business

We are a shell company, and our only material assets are cash on hand, the claims asserted in the Foxconn Litigation, claims that the Company may have against other parties, and NOLs.

As a shell company (as defined in Rule 12b-2 of the Exchange Act), our only material assets are cash on hand and intangible assets, including the claims asserted in the Foxconn Litigation, claims the Company may have against other parties and NOLs. As of March 31, 2024, we had $19.7 million cash and cash equivalents, excluding restricted cash. For the foreseeable future, our principal source of revenue and cash flow will be investment income from our investment portfolio, if any. We anticipate relying upon such liquid assets to sustain operating expenses, unless or until the consummation of a business combination or we are able to secure additional funding, if at all. We cannot provide any assurance that we will identify a suitable business opportunity, consummate a business combination or that our choice of business combination will result in profitable operations, the ability to generate cash or the effective utilization of our NOLs. Moreover, there can be no assurance that financing will be available to us on favorable terms and timing or at all. We and our auditors have identified conditions and events that raise substantial doubt about our ability to continue as a going concern. If we are not able to continue as a going concern, or if there is continued doubt about our ability to do so, the value of your investment would be materially and adversely affected. We cannot predict or quantify the ultimate impact that events that have occurred during or upon our emergence from the Chapter 11 Cases may have on ultimate recovery for stakeholders, including creditors and stockholders.

The expenses and awards, if any, attributable to the Foxconn Litigation is uncertain.

Due to the inherent uncertainties of litigation and regulatory proceedings, we cannot accurately predict the ultimate outcome of the Foxconn Litigation. An unfavorable outcome could have a material adverse effect on our business, financial condition and results of operations. Regardless of the outcome of the Foxconn Litigation, it is likely to result in substantial expenses and may require us to devote substantial resources, including management’s time, to it. No assurances can be provided as to the Company having sufficient resources to pursue the Foxconn Litigation, the outcome or recoveries, if any.

Our Board of Directors may change our business plan and strategy without stockholder approval, which could alter the nature of your investment.

Our Board of Directors is developing and reviewing its business plan and strategy for the Company and determining what is in the best interest of our stockholders. This business plan and strategy may change over time. The methods of implementing our business plan and strategy may vary, as trends emerge and opportunities develop. Our business plan and strategy, the methods for its implementation, and our other objectives, may be altered by our board of directors without the approval of our stockholders. As a result, the nature of your investment could change without your consent.

Our business depends on the continuing efforts of our management and third parties. If it loses their services, our business may be severely disrupted.

We do not have any full-time employees. Our business operations depend on the efforts of consultants and professional service providers to execute our business plan, operations and internal controls, including all of our financial reporting and claims reconciliation. If our Chief Executive Officer or key consultants become unable or unwilling to continue providing their services to us, we might not be able to replace them in a timely manner, or at all. We may incur additional expenses to recruit and retain qualified replacements. As a result, our business may be severely disrupted and our financial condition and results of operations may be materially and adversely affected.

How this is written clearly covers every base and just like NU Ride isn't quitting, neither am I.

It reminds me of the Procter and Gamble merger when most had thought Gambles Stores was finished but was hardly the case. I would encourage those that came this far to read the 10Q over and over until you understand what is really going on here. If Land X had a ticker symbol, it would already be in my portfolio. Ask yourself, why doesn't Land X have a ticker symbol yet? Why hasn't NU Ride Inc. completed it's registration?

I believe this is written carefully and constructively. With nearly 20 million in cash, that's rated in the top 5% of all start ups free and clear cash and NU Ride Inc. already spent 10 million in costs on a prototype. Van? Sudan?

They are spelling it out what they're doing or going to do, then calling it a going concern, because they are doing it through a third party.

NU Ride Inc. is much alive and well and the 10Q proves it and also proves the lawsuit against Foxconn for fraud and damages is ongoing. Just like Procter and Gamble. We ain't seen nothing yet and there is a door number 3 with third party recorded costs.

New BOD's who are all Fund Managers from various institutions really couldn't be a better set up with 20 million in the bank.

There is nothing to worry about here. It's as cut and dried as it gets. Take it or leave it or even swing trade it. I just wouldn't bet against it. Everything is possible especially with a multi billion dollar lawsuit going forward with expected results by me.

[dss19552002]

This van is a LandX van, it isn't a Lordstown van, nor is it a Nu Ride van. Yes, it's from a Reddit post also. It looks like it had some affiliation with Lordstown in the past, but LandX has it now, which isn't Lordstown, nor is it Nu Ride. What's your point?

[dss19552002]

A couple of questions: What interest do you expect Nu Ride to have in the Monarch tractor. Yes, it's made in the Lordstown plant, which is currently operated and owned by Foxconn. I know you dispute that, but clearly there is no revenue from this going to Nu Ride (see the filings for proof - the 10-Q in particular), so what claim do you think Nu Ride will have on that anyway, since it's not their tractor, nor do they have a contract to make it.

A couple of these other pictures are just old, so they add no value, as they appear to be lifted from an old Reddit post.

Some of the others are Foxconn vehicles which Nu Ride (or old Lordstown Motors) has and had no connection with. A couple of pictures appear to be the Endurance, and that vehicle no longer exists as a viable product.

You appear to be counting your chickens before they hatch, but the reality is more like you may be counting chickens from scrambled eggs.

So, what's your point?

[dss19552002]

I had to check as sometimes I do miss news. Thanks for the answer. Good luck.

[uber darthium]

I made it up out of thin air for the idiot Saving Grace that makes up ridiculous shit out of air. The 10q filing today hopefully puts his nonsense to rest.

[dss19552002]

Didn't see that news either. Do you have a link?

[dss19552002]

Didn't see that news. That would be interesting. I looked for a form 13, or an additional Form 4, but couldn't find that. Where did you see this news?

I did see the 10-Q. $0.00 in revenue, and $19.7 million in unrestricted cash. The rest of the cash is part of the ongoing resolution of lawsuits, I believe. Nothing really new or unexpected here. Their claim of assets include cash (we knew that), the potential for gains from the Foxconn litigation (we knew that, though there is a disagreement as to what those may be in actual value), possible gains from other litigation, and the NOLs (we knew that also). Nothing really new there, though it does prove they don't have any other revenue producing operations. No mention of other EVs, vans, trucks, military vehicles or anything like that.

I do think something is coming, what it will be I don't know. So, if you have a link to the news about one of Bill Gate's companies, then I would love to see it.

[uber darthium]

Upon emergence, the Company’s primary operations are: (i) resolving claims filed in the bankruptcy, (ii) prosecuting the Foxconn Litigation, (iii) pursuing, compromising, settling or otherwise disposing of other retained causes of action of the Company, and (iv) identifying potential transactions, including business combinations, or otherwise, that could create value, including through permitting the Company to make use of the NOLs, if preserved.

[uber darthium]

One of Elon Musk’s companies just bought into NU Ride. Name change coming

[JoshTaeger]

One would like to think that today’s 10-Q removes all doubt that NoRide generated any revenue in the reporting quarter…and owns no assets that can be depreciated.

But I very much doubt that this reality will penetrate the thick skull of a certain NoRide “investor”.

[uber darthium]

One of Bill Gate’s companies just bought into NU Ride. Name change coming

[dss19552002]

Insider buying is old news, and gets older each time it is repeated. However, if after the 10-Q is filed, which could be this week, and then they buy in a week or two, then that particular narrative changes. But at this point, they bought once, are now underwater, and are waiting for something to happen. I would expect that they are marketing the company for either a reverse merger, or to sell the company, or even to acquire some business. Right now, my prediction for revenue for Q1 is the same as Q4 of last year: $0.00. The claim of Lordstown being a subsidiary (I'll double check the bankruptcy plan on that and the articles of incorporation - just did that) producing vehicles (I know that isn't true) is false. Anyone who has read the filings knows that. By Filings I mean court filings, and SEC filings. I'm not sure what the other poster means by filings, unless he or she is referring to filings in 2022, when they were manufacturing vehicles. Foxconn appears to be using the factory to make EV's. No, not for Fisker, not for Nu Ride, not for any commercial EV's that the average citizen would drive on the roads. I'm not sure where this Russia nonsense comes from either. Probably from the "filings" filed on Reddit, where the pictures come from.

The fact, as you and I agree on, is that Nu Ride is a shell, with no IP, no manufacturing assets and a few employees (zoominfo.com obviously didn't have current information). There is probably a future here, and maybe a profitable one, so I can see holding and waiting (though most people would go elsewhere as this would be dead money - though I have dead money stocks too). The volume hasn't been there, so there hasn't been the interest to even flip this stock for anything meaningful. Maybe later, but now doesn't seem to be the time.

Even if the poster is right about Nu Ride winning the lawsuit against Foxconn (I don't think they will, but that's another story), that's multiple years away. They haven't acted on the motion to dismiss yet. That's been about 6 months. There will probably be some settlement of some sort, as while Foxconn has a point about then Lordstown failing in their end of the agreement, I do think they jumped the gun, as it were, and probably should have continued to honor the agreement based on what I read. I'm not a lawyer, though. I certainly don't see fraud, though Lordstown has already admitted to what amounts to be fraud. So, Lordstown isn't the innocent victim here by any stretch of the imagination. If they settle, I would expect that sometime in the next 2 years.

[1vman]

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

ENOUGH SAID

[JoshTaeger]

"are buying"? That's present tense. "Did buy"? That's past tense and correctly describes those purchases. Where are the more recent purchases that would justify saying "are buying"? Oh...that's right...they haven't happened.

The new BoD and execs did what was right and showed some faith in their new endeavor and their new employer. Now that they've played that card, they can sit back and collect paychecks and perks while they search for a company interested in NoRide's NOLs. Cuz really...that's what...and all...that NoRide brings to the table.

NoRide has no IP. No manufacturing assets. Just a handful of employees. That's it. And whatever happens to Fisker will have no impact on NoRide.

[Saving Grace]

Multi Billion dollar lawsuit against Foxconn is in play and active. Read the filings. It's big and includes the plant. Fisker already parted ways with Foxconn. The writing is on the wall and NU Ride Inc. new BOD's are buying up a shit load of common stock on the open market.

Nu Ride Inc. director acquires over $1.2mn in NRDE stock

Nu Ride Inc. (NASDAQ:NRDE), previously known as Lordstown Motors (OTC:NRDE) Corp., has seen significant purchasing activity from one of its directors, Andrew L. Sole. According to recent filings, Sole has acquired a substantial number of shares valued at over $1.2 million, indicating a strong vote of confidence in the motor vehicle company's future prospects.

Over a series of transactions, Sole purchased a total of 543,566 shares of Nu Ride Inc. common stock. The purchases occurred on three separate dates, with the prices per share ranging from $2.2474 to $2.3023. On March 14, 2024, Sole bought 52,603 shares at $2.2474 each. The following day, he added another 225,000 shares to his holdings, paying $2.3023 per share. The buying spree concluded on March 18, with Sole acquiring 264,963 shares at a price of $2.2987 each.

The total amount spent on these transactions amounted to $1,245,307, reflecting a notable investment by the director into the company. It's worth mentioning that these shares are held indirectly by Esopus Creek Value Series Fund LP - Series A, with Sole's pecuniary interest in the securities being the extent of his ownership claim, as per the footnotes in the filing.

This financial move by a key insider often garners the attention of investors, as it may signal insider beliefs about the company's valuation and future performance. Nu Ride Inc., with its focus on the automotive industry, particularly in the manufacturing of passenger car bodies, is at the forefront of a dynamic and evolving sector.

Investors and market watchers alike will be keeping a close eye on Nu Ride Inc. to see how this insider activity might align with the company's strategic direction and performance in the coming quarters.

InvestingPro Insights

Nu Ride Inc. (NASDAQ:NRDE) has captured the market's attention not only through insider buying activity but also through its intriguing financial metrics and analyst expectations. A key point to note from InvestingPro Tips is that analysts are forecasting sales growth for the current year, which could signal a positive outlook for the company's revenue trajectory. This aligns with the recent insider purchases, potentially indicating a belief in the company's growth potential. Additionally, despite the company's significant revenue growth over the last twelve months, Nu Ride Inc. is not expected to be profitable this year, which investors should consider when evaluating the company's near-term financial health.

Looking at the real-time metrics from InvestingPro, Nu Ride Inc. has a market capitalization of 30.58 million USD, which places it in the smaller spectrum of publicly traded companies. The company's Price to Book ratio as of the last twelve months stands at 2.07, which can offer insights into how the market values the company's net assets. The substantial revenue growth of 1106.19% over the last twelve months is particularly eye-catching, although it's important to reconcile this with the company's gross profit margin of -3812.39%, which indicates challenges in maintaining profitability.

For those interested in a deeper dive into Nu Ride Inc., there are additional InvestingPro Tips available that could provide further insights into the company's financial health and market performance. Remember to use coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro, where you can access a total of 16 additional tips for a comprehensive investment analysis.


https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747

[1vman]

***** Wrong ! How is a shell company like NRDE ( PU ride ) going to explode with fake pictures that dont belong to them ? -- whoops

ENOUGH SAID ? NA !

[Saving Grace]

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

[dss19552002]

So what. This article gets the revenue trajectory wrong. SMH.

[Saving Grace]

NRDE is gearing up for a major BOOM! Take it for what it's worth. One needs to know the past, present and future to fully understand what is truly going on here. Also, pay attention to local news in Lordstown Ohio. It's seriously looking like LMC/NU Ride Inc. got the plant back and in their possession.

Nu Ride Inc. director acquires over $1.2mn in NRDE stock

Nu Ride Inc. (NASDAQ:NRDE), previously known as Lordstown Motors (OTC:NRDE) Corp., has seen significant purchasing activity from one of its directors, Andrew L. Sole. According to recent filings, Sole has acquired a substantial number of shares valued at over $1.2 million, indicating a strong vote of confidence in the motor vehicle company's future prospects.

Over a series of transactions, Sole purchased a total of 543,566 shares of Nu Ride Inc. common stock. The purchases occurred on three separate dates, with the prices per share ranging from $2.2474 to $2.3023. On March 14, 2024, Sole bought 52,603 shares at $2.2474 each. The following day, he added another 225,000 shares to his holdings, paying $2.3023 per share. The buying spree concluded on March 18, with Sole acquiring 264,963 shares at a price of $2.2987 each.

The total amount spent on these transactions amounted to $1,245,307, reflecting a notable investment by the director into the company. It's worth mentioning that these shares are held indirectly by Esopus Creek Value Series Fund LP - Series A, with Sole's pecuniary interest in the securities being the extent of his ownership claim, as per the footnotes in the filing.

This financial move by a key insider often garners the attention of investors, as it may signal insider beliefs about the company's valuation and future performance. Nu Ride Inc., with its focus on the automotive industry, particularly in the manufacturing of passenger car bodies, is at the forefront of a dynamic and evolving sector.

Investors and market watchers alike will be keeping a close eye on Nu Ride Inc. to see how this insider activity might align with the company's strategic direction and performance in the coming quarters.

InvestingPro Insights

Nu Ride Inc. (NASDAQ:NRDE) has captured the market's attention not only through insider buying activity but also through its intriguing financial metrics and analyst expectations. A key point to note from InvestingPro Tips is that analysts are forecasting sales growth for the current year, which could signal a positive outlook for the company's revenue trajectory. This aligns with the recent insider purchases, potentially indicating a belief in the company's growth potential. Additionally, despite the company's significant revenue growth over the last twelve months, Nu Ride Inc. is not expected to be profitable this year, which investors should consider when evaluating the company's near-term financial health.

Looking at the real-time metrics from InvestingPro, Nu Ride Inc. has a market capitalization of 30.58 million USD, which places it in the smaller spectrum of publicly traded companies. The company's Price to Book ratio as of the last twelve months stands at 2.07, which can offer insights into how the market values the company's net assets. The substantial revenue growth of 1106.19% over the last twelve months is particularly eye-catching, although it's important to reconcile this with the company's gross profit margin of -3812.39%, which indicates challenges in maintaining profitability.

For those interested in a deeper dive into Nu Ride Inc., there are additional InvestingPro Tips available that could provide further insights into the company's financial health and market performance. Remember to use coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro, where you can access a total of 16 additional tips for a comprehensive investment analysis.


https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747

The writing is on the wall. $NRDE to win largest lawsuit ever recorded. Insiders prepare for massive growth.

[dss19552002]

This article, as you have agreed, is false, the revenue trajectory is down. Look at revenue Q3 and Q4. You haven't done your research, and neither has the writers to this article. Repeating a false article time and again doesn't make it true. Q1 2024 revenue will also be zero. This is a shell, you do realize that? They aren't making any cars, vans, trucks or anything. Fact. You say filings prove what you say, but I read the filings and what you say is false. The only thing that is true here is the the insiders have bought. That's normally good news, but in a shell it's not that significant. Good luck.

[JoshTaeger]

It’s seriously not true that NoRide has any interest in the Lordstown plant. You need to read the filings.

Oh…and show where NoRide has acquired or leased any real property since they emerged from bankruptcy.

You can’t…because NoRide did no such thing.

[1vman]

***** Got any pics of NRDE ( PU Ride ) vehicles ? Cuz those dont belong to them -- whoops

ENOUGH SAID

[Saving Grace]

NRDE is gearing up for a major BOOM! Take it for what it's worth. One needs to know the past, present and future to fully understand what is truly going on here. Also, pay attention to local news in Lordstown Ohio. It's seriously looking like LMC/NU Ride Inc. got the plant back and in their possession.

Nu Ride Inc. director acquires over $1.2mn in NRDE stock

Nu Ride Inc. (NASDAQ:NRDE), previously known as Lordstown Motors (OTC:NRDE) Corp., has seen significant purchasing activity from one of its directors, Andrew L. Sole. According to recent filings, Sole has acquired a substantial number of shares valued at over $1.2 million, indicating a strong vote of confidence in the motor vehicle company's future prospects.

Over a series of transactions, Sole purchased a total of 543,566 shares of Nu Ride Inc. common stock. The purchases occurred on three separate dates, with the prices per share ranging from $2.2474 to $2.3023. On March 14, 2024, Sole bought 52,603 shares at $2.2474 each. The following day, he added another 225,000 shares to his holdings, paying $2.3023 per share. The buying spree concluded on March 18, with Sole acquiring 264,963 shares at a price of $2.2987 each.

The total amount spent on these transactions amounted to $1,245,307, reflecting a notable investment by the director into the company. It's worth mentioning that these shares are held indirectly by Esopus Creek Value Series Fund LP - Series A, with Sole's pecuniary interest in the securities being the extent of his ownership claim, as per the footnotes in the filing.

This financial move by a key insider often garners the attention of investors, as it may signal insider beliefs about the company's valuation and future performance. Nu Ride Inc., with its focus on the automotive industry, particularly in the manufacturing of passenger car bodies, is at the forefront of a dynamic and evolving sector.

Investors and market watchers alike will be keeping a close eye on Nu Ride Inc. to see how this insider activity might align with the company's strategic direction and performance in the coming quarters.

InvestingPro Insights

Nu Ride Inc. (NASDAQ:NRDE) has captured the market's attention not only through insider buying activity but also through its intriguing financial metrics and analyst expectations. A key point to note from InvestingPro Tips is that analysts are forecasting sales growth for the current year, which could signal a positive outlook for the company's revenue trajectory. This aligns with the recent insider purchases, potentially indicating a belief in the company's growth potential. Additionally, despite the company's significant revenue growth over the last twelve months, Nu Ride Inc. is not expected to be profitable this year, which investors should consider when evaluating the company's near-term financial health.

Looking at the real-time metrics from InvestingPro, Nu Ride Inc. has a market capitalization of 30.58 million USD, which places it in the smaller spectrum of publicly traded companies. The company's Price to Book ratio as of the last twelve months stands at 2.07, which can offer insights into how the market values the company's net assets. The substantial revenue growth of 1106.19% over the last twelve months is particularly eye-catching, although it's important to reconcile this with the company's gross profit margin of -3812.39%, which indicates challenges in maintaining profitability.

For those interested in a deeper dive into Nu Ride Inc., there are additional InvestingPro Tips available that could provide further insights into the company's financial health and market performance. Remember to use coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro, where you can access a total of 16 additional tips for a comprehensive investment analysis.


https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747

The writing is on the wall. $NRDE to win largest lawsuit ever recorded. Insiders prepare for massive growth.

NRDE Subsidiary Legacy Lordstown could wake the world.

[1vman]

***** Nope I know exactly whats going on with NRDE ( PU Ride ) - nothing ! nada ! zilch - whoops

ENOUGH SAID

[Saving Grace]

Too Bad you seem to be in the Dark about what's really going on. Maybe try reading the court filings. Investigate the new BOD who are all investment bankers all 6 of them. Maybe you will understand and have a clue why LMC was renamed "NU Ride" like "New Ride" as the last ticker was "RIDE" do you get it? New RIDE = NU Ride Inc.

Nu Ride Inc. (NASDAQ:NRDE), previously known as Lordstown Motors (OTC:NRDE) Corp., has seen significant purchasing activity from one of its directors, Andrew L. Sole. According to recent filings, Sole has acquired a substantial number of shares valued at over $1.2 million, indicating a strong vote of confidence in the motor vehicle company's future prospects.

Over a series of transactions, Sole purchased a total of 543,566 shares of Nu Ride Inc. common stock. The purchases occurred on three separate dates, with the prices per share ranging from $2.2474 to $2.3023. On March 14, 2024, Sole bought 52,603 shares at $2.2474 each. The following day, he added another 225,000 shares to his holdings, paying $2.3023 per share. The buying spree concluded on March 18, with Sole acquiring 264,963 shares at a price of $2.2987 each.

The total amount spent on these transactions amounted to $1,245,307, reflecting a notable investment by the director into the company. It's worth mentioning that these shares are held indirectly by Esopus Creek Value Series Fund LP - Series A, with Sole's pecuniary interest in the securities being the extent of his ownership claim, as per the footnotes in the filing.

This financial move by a key insider often garners the attention of investors, as it may signal insider beliefs about the company's valuation and future performance. Nu Ride Inc., with its focus on the automotive industry, particularly in the manufacturing of passenger car bodies, is at the forefront of a dynamic and evolving sector.

Investors and market watchers alike will be keeping a close eye on Nu Ride Inc. to see how this insider activity might align with the company's strategic direction and performance in the coming quarters.

https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747

See the LMC logo on the NEW VAN - NU Ride


How about the NEW Car that may be Hydrogen thus "NU Ride Inc"


Please try to Comprehend that everything is new with NU Ride Inc. except the lawsuit, suing Foxconn for billions in damages and the Plant that is also in the filings. Check out the court case filings, you may even buy some shares after being educated on the matter. You be the judge.

[1vman]

***** Well I'll laugh now and after cuz NRDE ( PU Ride ) shell will never have billions of dollars -- whoops !



ENOUGH SAID

[Saving Grace]

Going to be a multi billion dollar shell with five new seasoned Investment bankers for a BOD

The last to laugh, laughs loudest.

[1vman]

***** LOL ! From one shell company / name to the new one NRDE ( PU Ride ) - whoops

ENOUGH SAID

[Saving Grace]

Nu Ride Inc. (NASDAQ:NRDE), previously known as Lordstown Motors (OTC:NRDE) Corp., has seen significant purchasing activity from one of its directors, Andrew L. Sole. According to recent filings, Sole has acquired a substantial number of shares valued at over $1.2 million, indicating a strong vote of confidence in the motor vehicle company's future prospects.

Over a series of transactions, Sole purchased a total of 543,566 shares of Nu Ride Inc. common stock. The purchases occurred on three separate dates, with the prices per share ranging from $2.2474 to $2.3023. On March 14, 2024, Sole bought 52,603 shares at $2.2474 each. The following day, he added another 225,000 shares to his holdings, paying $2.3023 per share. The buying spree concluded on March 18, with Sole acquiring 264,963 shares at a price of $2.2987 each.

The total amount spent on these transactions amounted to $1,245,307, reflecting a notable investment by the director into the company. It's worth mentioning that these shares are held indirectly by Esopus Creek Value Series Fund LP - Series A, with Sole's pecuniary interest in the securities being the extent of his ownership claim, as per the footnotes in the filing.

This financial move by a key insider often garners the attention of investors, as it may signal insider beliefs about the company's valuation and future performance. Nu Ride Inc., with its focus on the automotive industry, particularly in the manufacturing of passenger car bodies, is at the forefront of a dynamic and evolving sector.

Investors and market watchers alike will be keeping a close eye on Nu Ride Inc. to see how this insider activity might align with the company's strategic direction and performance in the coming quarters.

https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747

[dss19552002]

Okay, if this stupid article is excellent, then tell me what the revenue increase was between Q2 and Q3 in 2023. Then tell me about the revenue increase between Q2 and Q4 in 2023. I know the answer, do you? If you can't answer, then your answer was totally wrong. This isn't a matter of opinion. This is about facts. I again stand by my opinion. BTW, I am not disputing the director acquiring stock, that's old news but also true. That too is a fact.

[1vman]

***** Still nothing of substance related to NRDE ( PU Ride ) no vehicles no nada - squat - whoops

ENOUGH SAID

[Saving Grace]

Yes, Director Sole bought 700,000 shares between $2.247 and $2.302

Over a series of transactions, Sole purchased a total of 543,566 shares of Nu Ride Inc. common stock. The purchases occurred on three separate dates, with the prices per share ranging from $2.2474 to $2.3023. On March 14, 2024, Sole bought 52,603 shares at $2.2474 each. The following day, he added another 225,000 shares to his holdings, paying $2.3023 per share. The buying spree concluded on March 18, with Sole acquiring 264,963 shares at a price of $2.2987 each.

The total amount spent on these transactions amounted to $1,245,307, reflecting a notable investment by the director into the company. It's worth mentioning that these shares are held indirectly by Esopus Creek Value Series Fund LP - Series A, with Sole's pecuniary interest in the securities being the extent of his ownership claim, as per the footnotes in the filing


.https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747

[dss19552002]

Ah, the myth of the paid basher. LOL.

[Saving Grace]

Short Central Banks Terrified, Insolvent and hiring bashers across the market.

[1vman]

***** BUYER BEWARE !!! These picture have absolutely nothing to do with NRDE ( PU ride )

ENOUGH SAID

[Saving Grace]

NU Ride Inc vs Foxconn, Hon Hai Technology looking great for LMC/NU Ride Inc.

NU Ride Inc. looking to win back the plant and billions of dollars in damages.

If my sources are correct, NU Ride Inc. will win big.

[Saving Grace]

Nu Ride Inc. director acquires over $1.2m in company stock

Nu Ride Inc. (NASDAQ:NRDE), previously known as Lordstown Motors (OTC:NRDE) Corp., has seen significant purchasing activity from one of its directors, Andrew L. Sole. According to recent filings, Sole has acquired a substantial number of shares valued at over $1.2 million, indicating a strong vote of confidence in the motor vehicle company's future prospects.

Over a series of transactions, Sole purchased a total of 543,566 shares of Nu Ride Inc. common stock. The purchases occurred on three separate dates, with the prices per share ranging from $2.2474 to $2.3023. On March 14, 2024, Sole bought 52,603 shares at $2.2474 each. The following day, he added another 225,000 shares to his holdings, paying $2.3023 per share. The buying spree concluded on March 18, with Sole acquiring 264,963 shares at a price of $2.2987 each.

The total amount spent on these transactions amounted to $1,245,307, reflecting a notable investment by the director into the company. It's worth mentioning that these shares are held indirectly by Esopus Creek Value Series Fund LP - Series A, with Sole's pecuniary interest in the securities being the extent of his ownership claim, as per the footnotes in the filing.

This financial move by a key insider often garners the attention of investors, as it may signal insider beliefs about the company's valuation and future performance. Nu Ride Inc., with its focus on the automotive industry, particularly in the manufacturing of passenger car bodies, is at the forefront of a dynamic and evolving sector.

Investors and market watchers alike will be keeping a close eye on Nu Ride Inc. to see how this insider activity might align with the company's strategic direction and performance in the coming quarters.

InvestingPro Insights

Nu Ride Inc. (NASDAQ:NRDE) has captured the market's attention not only through insider buying activity but also through its intriguing financial metrics and analyst expectations. A key point to note from InvestingPro Tips is that analysts are forecasting sales growth for the current year, which could signal a positive outlook for the company's revenue trajectory. This aligns with the recent insider purchases, potentially indicating a belief in the company's growth potential. Additionally, despite the company's significant revenue growth over the last twelve months, Nu Ride Inc. is not expected to be profitable this year, which investors should consider when evaluating the company's near-term financial health.

Looking at the real-time metrics from InvestingPro, Nu Ride Inc. has a market capitalization of 30.58 million USD, which places it in the smaller spectrum of publicly traded companies. The company's Price to Book ratio as of the last twelve months stands at 2.07, which can offer insights into how the market values the company's net assets. The substantial revenue growth of 1106.19% over the last twelve months is particularly eye-catching, although it's important to reconcile this with the company's gross profit margin of -3812.39%, which indicates challenges in maintaining profitability.

For those interested in a deeper dive into Nu Ride Inc., there are additional InvestingPro Tips available that could provide further insights into the company's financial health and market performance. Remember to use coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro, where you can access a total of 16 additional tips for a comprehensive investment analysis.

https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747

The writing is on the wall. $NRDE to win largest lawsuit ever recorded. Insiders prepare for massive growth.







https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747

Foxconn aka Hon Hai Technology Group soon to lose Largest Lawsuit in stock market history against NU Ride Inc. formerly known as Lordsown Motors

https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747

[1vman]

***** Meaningless !! got any pictures of NRDE ( PU Ride ) vehicles ? cuz theses pictures dont belong to them - whoops

ENOUGH SAID

[dss19552002]

I appreciate your diligence in endlessly repeating old news here. This is old "news" and has little value. It really isn't news. A like on a social media/employment website isn't really news.

Now this above link removal is absolute proof that information is being kept from the public.

The quoted statement is nonsense. It doesn't prove any such thing. This is not even proof of anything. It's just nonsense.

Everyone already knows Nu Ride is a shell company, rising from the ashes of the failed Lordstown Motors. I do believe they intend on operating a business, but that hasn't been determined yet. It's still just a shell.

The LinkedIn account isn't much of an asset, especially since Lordstown Motors doesn't exist anymore. Nu Ride does exist. I read the filings. I suggest you do the same. This is not a filing. SMH.

I'm not even sure what Burns has to do with Nu Ride or Lordstown anymore. He isn't with them anymore, and won't be. That is, if you read the filings you will come to that conclusion.

[JoshTaeger]

Random images of vehicles that have nothing to do with NoRide. Same sh_t, different day.

[Saving Grace]

Activity on Lordstown Motors LinkedIn account. Great News!

I just saw this on my LinkedIn feed. It seems that the LMC LinkedIn account has "Liked" a post by Amerit Fleet Services from just 4 days ago.

Who has access to this account, and why would they like a post by Amerit?

I understand that just prior to bankruptcy they announced Amreit would be providing fleet support for Lordstown customers, but since that never developed, why the interest? Why do they care?

https://preview.redd.it/activity-on-lordstown-motors-linkedin-account-v0-mzpobtszhxpc1.png?width=548&format=png&auto=webp&s=6ddaeb58de9404c11eeabc896004a0d1db159c23

Now this above link removal is absolute proof that information is being kept from the public.

The closing of the transactions contemplated by the LandX Asset Purchase Agreement occurred on October 27, 2023, at which time the Purchaser acquired substantially all of the assets held for sale of the Debtors related to the design, production and sale of electric light duty vehicles focused on the commercial fleet market free and clear of liens, claims, encumbrances, and other interests, and assumed certain specified liabilities of the Debtors for a total purchase price of approximately $10.2 million in cash.

The Lordstown LinkedIn account is an asset of it's own and just judging by what the account has recently liked, it should be apparent that the account owner is very much still engaged in the "sale of electric light duty vehicles focused on the commercial fleet market."

The account will likely see a rebranding soon enough

.

I thought the company was just going to be a holding company, to hold the assets while he tried to find an OEM that would build vehicles for him. But he actually hired a large number of employees from LMC, Foxconn and elsewhere. They are even hiring!

I have no idea how he thinks he will be able to build anything unless the plant is being returned to LMC/NU Ride Inc.

In the lawsuit against Foxconn, LMC claimed "billions" in damages. If they actually win and get awarded near that, I would think Foxconn would turn the plant back over to them. If they got the plant back, and a good amount of cash, who knows what could happen?

It just seems weird that not only is Burns talking like he's going to be able to build vehicles, he's actually spending money on employees. That seems very weird to me

.

[Saving Grace]

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

[dss19552002]

There is no news that indicates NuRide is anything but a shell with no revenue. So, on this point, I have to agree with you. Foxconn still owns the plant and is using it. That information is available for those who do the research. I'm not sure what local news he or she is talking about.

[dss19552002]

I stand by my statement. You are clearly wrong. I read the filings, I don't know what you read. Foxconn is using the factory to make electric vehicles. Do some research for a change. SMH. Hint: I agree they aren't making anything for Fisker.

[JoshTaeger]

NoRide has nothing to do with the Lordstown plant. NoRide rejected the lease in their bankruptcy process. Whatever you are looking at in Lordstown that gives you any idea that NoRide has possession of the plant is a clear indication to lay off the ayahuasca.

[Saving Grace]

Excelent article, all about the truth. Like me!

This is gearing up for a major BOOM! Take it for what it's worth. One needs to know the past, present and future to fully understand what is truly going on here. Also, pay attention to local news in Lordstown Ohio. It's seriously looking like LMC/NU Ride Inc. got the plant back and in their possession.

Nu Ride Inc. director acquires over $1.2mn in NRDE stock

Nu Ride Inc. (NASDAQ:NRDE), previously known as Lordstown Motors (OTC:NRDE) Corp., has seen significant purchasing activity from one of its directors, Andrew L. Sole. According to recent filings, Sole has acquired a substantial number of shares valued at over $1.2 million, indicating a strong vote of confidence in the motor vehicle company's future prospects.

Over a series of transactions, Sole purchased a total of 543,566 shares of Nu Ride Inc. common stock. The purchases occurred on three separate dates, with the prices per share ranging from $2.2474 to $2.3023. On March 14, 2024, Sole bought 52,603 shares at $2.2474 each. The following day, he added another 225,000 shares to his holdings, paying $2.3023 per share. The buying spree concluded on March 18, with Sole acquiring 264,963 shares at a price of $2.2987 each.

The total amount spent on these transactions amounted to $1,245,307, reflecting a notable investment by the director into the company. It's worth mentioning that these shares are held indirectly by Esopus Creek Value Series Fund LP - Series A, with Sole's pecuniary interest in the securities being the extent of his ownership claim, as per the footnotes in the filing.

This financial move by a key insider often garners the attention of investors, as it may signal insider beliefs about the company's valuation and future performance. Nu Ride Inc., with its focus on the automotive industry, particularly in the manufacturing of passenger car bodies, is at the forefront of a dynamic and evolving sector.

Investors and market watchers alike will be keeping a close eye on Nu Ride Inc. to see how this insider activity might align with the company's strategic direction and performance in the coming quarters.

InvestingPro Insights

Nu Ride Inc. (NASDAQ:NRDE) has captured the market's attention not only through insider buying activity but also through its intriguing financial metrics and analyst expectations. A key point to note from InvestingPro Tips is that analysts are forecasting sales growth for the current year, which could signal a positive outlook for the company's revenue trajectory. This aligns with the recent insider purchases, potentially indicating a belief in the company's growth potential. Additionally, despite the company's significant revenue growth over the last twelve months, Nu Ride Inc. is not expected to be profitable this year, which investors should consider when evaluating the company's near-term financial health.

Looking at the real-time metrics from InvestingPro, Nu Ride Inc. has a market capitalization of 30.58 million USD, which places it in the smaller spectrum of publicly traded companies. The company's Price to Book ratio as of the last twelve months stands at 2.07, which can offer insights into how the market values the company's net assets. The substantial revenue growth of 1106.19% over the last twelve months is particularly eye-catching, although it's important to reconcile this with the company's gross profit margin of -3812.39%, which indicates challenges in maintaining profitability.

For those interested in a deeper dive into Nu Ride Inc., there are additional InvestingPro Tips available that could provide further insights into the company's financial health and market performance. Remember to use coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro, where you can access a total of 16 additional tips for a comprehensive investment analysis.


https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747

The writing is on the wall. $NRDE to win largest lawsuit ever recorded. Insiders prepare for massive growth.

[dss19552002]

This is a terrible article, but it isn't all wrong.

First, the good. They are correct on the insider purchase. While insider purchases are often good news, they aren't always. In this case, it isn't negative, but it isn't as good as you make it out to be. Either way, I'll accept this as good news, as insider buying normally is. It's certainly a fair point, even if it is now old news.

The bad: the article speaks of revenue growth. This article, on that point, is stupid. Why do I say that? It looks like they just looked at the numbers reported in the 10-K, or on Yahoo or maybe their own site and reported the numbers. They clearly did not read the report, the 10-K, or the bankruptcy filings either. The fact is revenue declined to zero! That is $0.00. They make nothing, they have nothing in the pipeline and they are a shell. Investing.com did not do their research on this, so this article should NOT be relied upon. Again, the numbers are correct from a year to year basis, but that doesn't tell the actual story of bankruptcy, and the sell of of assets and becoming a shell company. They did have year over year growth in revenue, but they had a significant decline of revenue after Q2 to $0. You need a better source. Again, the article does report relatively (though now old news) of insider buying, but is misleading, and now essentially wrong on the revenue growth. The last point makes this wrong, or stupid as an article. I know you know these facts, but the article you shared does misrepresent the facts, at best.

However, to be fair, this doesn't rule out the company, through a merger or acquisition of some kind actually producing something and thus having revenue, but it hasn't happened yet, that I am aware of. The lawsuit with Foxconn resolution is months away, if not years away unless they settle, so that probably isn't the best place to look for near-term results for this company. The company, if it is smart, and if the new CEO and management are smart, should look elsewhere and not rely on winning this suit to move forward.