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Correct. NoRide rejected the Lordstown lease and many others via bankruptcy.
IIRC, they lease some office space in Detroit.
Not sure what the picture has to do with it. I get it, you think the price will go higher based on their shell status, with no products, no R&D, no nothing at the moment. There will be something, probably, but not now. Don't know if it will be EVs. They aren't even in Lordstown, Ohio anymore.
They did not buy! This was different, we talked about this. It's stock-based compensation. It wasn't a purchase. Learn to read the filings. Yes, it was an acquisition.
In March. He had bought some previously, if I read the form correctly. He's obviously not in the money here, though I do know insider buying is usually a longer-term investment, so this is a small point at the moment. He hasn't bought anything recently, though he did acquire some from what looks to be a stock grant.
***** Apparently da market doesn't care and NRDE (PU Rides ) pps is reflecting that sentiment - whoops
ENOUGH SAID
Define “imminent”.
And stop lying about NoRide.
5 Directors bought large on the 15th.
https://www.otcmarkets.com/stock/NRDE/disclosure
You have no credibility viz. NoRide. There are no “prototypes” that NoRide owns and controls. You lied about that.
Yes, $1.2 million dollars worth of $NRDE stock. In Cash!
For a Director, that's huge confidence.
It's all coming together. Next news will extremely enlighten share holders. Stay tuned!
Okay, they acquired shares, and some bought some.
Andrew Sole bought 700,000 shares of Nu Ride, NOT 1.2 million. SMH. In fact, he doesn't even own 1 million shares of Nu Ride, he owns 752,747 shares of Nu Ride. 700,000 shares are indirect ownership,52,747 are direct ownership. Read the filings. Where are you getting your data from? The following is his most recent Form 4:
https://www.sec.gov/Archives/edgar/data/1378121/000095017024060755/xslF345X05/ownership.xml
Nu Ride has no prototypes. You know that to be a fact. You do know this is a shell company. SMH.
What exactly is happening at the Omnibus hearing? Looks like they are closing out the last details of the bankruptcy. Foxconn isn't even on the agenda that I could see. Did I miss something? I do see the order for the Omnibus hearing on July 11. Nothing since December on the Foxconn case.
I'm not sure what the point is for those pictures. Nothing really to do with Nu Ride. Yes, the truck had something to do with Lordstown in the past, but it has nothing to do with Nu Ride. Nobody can deny that point at this time. It's a fact that these are not the property of Nu Ride at all. SMH.
PS. What “prototypes”? NoRide owns no IP, so there are no prototypes.
Stop lying. And prove me wrong.
“Legacy Lordstown” has no assets. It is an artifact of NoRide’s bankruptcy process.
The only assets that NoRide owns are cash and NOLs. That it is. No IP. No manufacturing capability. And only a handful of employees, if that.
Stop lying. Get help.
***** Got anything meaningful and pertinent to NRDE ( PU Ride ) ??? Fake pictures that have squat to do with this shell - whoops
ENOUGH SAID
I'm a glass half-full kind of guy. However, I did say exaggeration, the claim of millions of shares bought or otherwise owned or acquired is an exaggeration. That makes it a half truth, which is more or less the same as a lie. The R&D claims are also true, but old and no longer relevant to the company, which make them half-truths which is like a lie. As far as pictures, if he is going to post unrelated pictures, he might as well post pictures of the Tesla truck. It has as much to do with Nu Ride now as anything he has posted. I don't mind exaggerations some, as "pumpers" and "bashers" to use common (perhaps pejorative terms) put their own spin on the facts. You just have to sift through some of the spin, I do hope for good intelligent discussions, though there is no obligation to 1) tell the truth here or 2) actually engage in meaningful discussion here. Either way, while valuable information can be retrieved from these message boards, the best DD is found in the filings, which have been twisted here in several different ways, and in actual news sources with good information, though some news sources here are better than others. So, I wasn't just being kind, though I was, I wasn't dumping on him either.
This was an acquisition, not a purchase. A stock grant as you describe it. Nothing more, nothing less. Not sure what the picture has to do with Nu Ride.
***** Meaningless ! and still no pictures of NRDE ( PU Ride ) vehicles i see - whoops
ENOUGH SAID
You are very kind to our apparently demented friend.
I hope his or her caregivers check his browsing history and intervene.
A mind is a terrible thing to waster on NoRide exaggerations.
At minimum, saying millions of shares purchased by insiders is an exaggeration. There are more than 1 million shares owned by insiders, though to get over 1 million shares totally owned, I think they needed the stock grants, though I haven't sat through all the form 4's to break it down. Not sure if it's worth that much work, though the data is there. The picture of the sedan has never been associated with Lordstown (RIDE), though it did have an association with Foxconn, before the pictured model was abandoned. The pictured van (though the video calls it a truck) looks like it had an association with Lordstown (RIDE), but not any more. The mixing of old outdated and no longer applicable data and blind optimism is interesting. I think some of the posting is to get a reaction, and some of it is cheerleading.
So, yes, they are lies, but some of it is exaggeration. That can get people into trouble, as I've seen people in work circumstances promising Gigabytes worth of data when there were only (and only could be) megabytes of data. That led to the inevitable "Where's the rest of it" conversation which went out of control quickly. So, exaggerated claims can be just as damaging or untrue as outright lies.
The van and "sudan" stories are outright lies, though the "van" may have been somewhat true 3 years ago. So, I don't know if this is a case where he or she actually believes what he/she posts, as there certainly is some of that with the form 4 discussion I had over the stock grants, but I agree, there is more to it than that. Honestly, while I appreciate the thinking that Nu Ride may mean a newer version of RIDE (LMC), it might just be a homage to the name and they may wind up become a REIT or something like that. I have no idea what they will do, their office isn't even located in Ohio anymore, as near as I can tell: M3 Partners; 1700 Broadway, 19th Floor; New York, NY 10019.
He or she is going to continue to lie about NoRide. It’s sad.
NoRide is dead money for the indefinite future while it bleeds cash.
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!
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.
***** Agreed !!! NRDE ( PU Ride ) going to the top of the garbage heap and will be crushed - whoops
ENOUGH SAID
Stop lying. You can’t back up any of what you claim about NoRide.
NoRide has told the public exactly what it is. And it’s nothing like you describe.
Might as well say, “Vote for Pedro and your wildest dreams will come true.”
NoRide is a wallet and tax deductions. That is all. That is all the BoD has to work with. But that’s all the BoD needs to do their job: maximize monetization of NoRide’s NOLs.
Nothing more. Nothing less.
You can stop lying about NoRide now…but I don’t think you’re physically or mentally able to.
Yes, 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
NU Ride Inc. emblem to be established. 10million in R&D was billed in filings
Nobody suggested that these were Tesla vehicles. What are you talking about? They aren't Nu Ride vehicles either. What are you talking about?
What plans?
BTW, obviously, nobody is terrified or desperate except the longs. So, what are you talking about?
You are wrong about every picture you have posted. SMH. You do certainly like the attention. LOL.
Look at me!!! I have a picture of a vehicle! I can claim it's a picture of whatever I want it to be!
Meanwhile...in reality...NoRide's management works to maximize the return on NoRide's main asset...its NOLs. NoRide has no means to generate revenue...and NoRide can claim no depreciation on assets...because it doesn't own any. Case closed.
Stop lying. NoRide owns no IP. NoRide's own filings prove it. NoRide is a shell. NoRide's CEO says as much, as does NoRide claim in its filings.
NoRide has no subsidiaries.
You are truly a sad case. Stop lying and get help.
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!
***** Meaningless ! still no pictures of ant NRDE ( PU Ride ) vehicles I see - whoops
STRONG SELL !!!
ENOUGH SAID
I can and have proved that you’re lying about NoRide. You cannot prove anything you’ve claimed.
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.
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.
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.
***** Meaningless ! still no pictures of ant NRDE ( PU Ride ) vehicles I see - whoops
ENOUGH SAID
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.
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.
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.
***** BUYER BEWARE !!! Theres no merger coming for NRDE ( PU Ride ) - zero proof of this nonsense
ENOUGH SAID
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.
***** It's all falling apart for NRDE ( PU Ride ) , no merger / acquisition coming Strong Sell - whoops .
Longs are Terrified
ENOUGH SAID
BWAHAHAHA!!!
You haven’t been right about anything NoRide has done…or didn’t do.
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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