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Going to be a billion dollar pay day soon.
NU Ride Inc. will win judgement against Foxconn and win Big.
The new BOD was carefully chosen for a reason. They are all financial
investment managers all 5 of them with the new CEO also a financial
investment manager.
The writing is on the wall. Make no mistake about it.
With the SS so tiny, we can expect in time, $NRDE to be a $500 stock that pays healthy dividends with a successful and proven BOD.
Just got my letter. Looking excellent for longs and those that held.
NU Ride Inc. will win judgement against Foxconn and win Big.
The new BOD was carefully chosen for a reason. They are all financial
investment managers all 5 of them with the new CEO also a financial
investment manager.
The writing is on the wall. Make no mistake about it.
With the SS so tiny, we can expect in time, $NRDE to be a $500 stock that pays healthy dividends with a successful and proven BOD.
***** LMAO ! Gotta link where NRDE ( PU Turd ) will get billions ?
ENOUGH SAID
Yes Billions are sought with Plant, will prevail.
NU Ride Inc. will win judgement against Foxconn and win Big.
The new BOD was carefully chosen for a reason. They are all financial
investment managers all 5 of them with the new CEO also a financial
investment manager.
The writing is on the wall. Make no mistake about it.
With the SS so tiny, we can expect in time, $NRDE to be a $500 stock that pays healthy dividends with a successful and proven BOD.
***** Law suit is meaningless for NRDE ( PU Ride ) - whoops
ENOUGH SAID
NU Ride Inc. will win judgement against Foxconn and win Big.
The new BOD was carefully chosen for a reason. They are all financial
investment managers all 5 of them with the new CEO also a financial
investment manager.
The writing is on the wall. Make no mistake about it.
With the SS so tiny, we can expect in time, $NRDE to be a $500 stock that pays healthy dividends with a successful and proven BOD.
You can’t ask the guy who claims that all the central banks are failing. You won’t get an answer based on anything close to reality.
Another example of a failure to understand what “soon” means.
The entire market is being manipulated, Dip Shit.
Ask was $5 before the bell. Then shorts took over at the bell and Only sold 130,000 shares as there is no sell off or very many shares available.
Market Manipulation at it's finest, watching the trades. Strong Hold
***** LOL ! Any proof NRDE ( PU Ride ) Is being manipulating ?
I'll wait
ENOUGH SAID
The Heavy manipulation will soon come to an end at the drop of a hat.
Banks and Hedge Funds will soon be the target.
Thanks Tommy, we know the truth that makes bashers terrified.
NU Ride Inc. will win judgement against Foxconn and win Big.
The new BOD was carefully chosen for a reason. They are all financial
investment managers all 5 of them with the new CEO also a financial
investment manager.
The writing is on the wall. Make no mistake about it.
With the SS so tiny, we can expect in time, $NRDE to be a $500 stock that pays healthy dividends with a successful and proven BOD.
I think you are wrong here. You have been wrong on your DD for a long time in a variety of areas. For example, the number of employees a month ago was under 10, you said over 200. You were wrong. I don't know how many employees they have now, as there are no new reports yet, but since they don't seem to have a business yet, there can't be that many. Yes, I know that may change. Yes, I think there will be some actual business in the future. Don't exactly know what it will be, though.
The claim is fraud, but I don't see any fraud. I've made that claim several times, and you have had no answer. I do think that there is a middle ground where they won't win the fraud suit, but still come up with money. This company's management when RIDE handled this poorly, and were incompetent. There should never have been a delisting notice. I still think bankruptcy may have been inevitable, but we don't know that because of the way RIDE (at the time) mismanaged the situation.
It remains to be seen what Nu Ride becomes. No product yet. If it's EVs, then the management team, the BOD, is the wrong BOD for that. They are probably the right people for the stage Nu Ride is in now.
I doubt shorts are terrified. Only 800K or so shares short as of February 29, and they probably lost money, but I don't think there is much risk for a "massive short squeeze". Shorts are usually limber, whereas Longs often hold for long, and get stuck with $3 shares when the company is under $2. Shorts have to be, so I find longs usually have more fear than shorts. Shorts know how to manage their trades very well. They have to.
Right about Hightower having a role in NoRide post-bankruptcy?
Right about NoRide owning property?
Right about NoRide still having a piece of the Lordstown plant?
Right about NoRide having 240 or so employees in February (when they only had 9)?
***** Whether or not Focxonn wins is irrelevant - its meaningless for NRDE ( PU Ride ) - whoops
ENOUGH SAID
You've been right every time so far Grace and all the naysayers have been wrong.
Foxconn about to lose Huge in LMC lawsuit. Huge Pay Day for $NRDE shareholders.
Shorts are desperate and Terrified. LoL
NU Ride Inc. is all set up with a team of Investment Bankers for their new BOD.
It's all in the plan.
Trust the Plan!
***** NRDE ( PU Ride ) is a shell , nothing happening here - whoops
ENOUGH SAID
Less than $50M cash and no other assets besides their NOLs. This shell will be gone soon.
Seek help.
Foxconn about to lose big in LMC lawsuit. Huge Pay Day for $NRDE shareholders.
Shorts are desperate and Terrified. LoL
NU Ride Inc. is all set up with a team of Investment Bankers for their new BOD.
It's all in the plan.
There is no reason for this to be a $500 stock. Thanks for confirming.
***** LOL ( PU Ride ) will go bankrupt just a matter of time - whoops
ENOUGH SAID
NU Ride Inc. setting up perfectly. Super Huge news coming
and NU Ride Inc. is set up and ready for the big boom.
Terrified short sellers in a full panic as we can barely tell. LoL
Strong Hold as it may be difficult to re-enter at these basement prices.
It's going to be a wild ride. Good Luck
Soon to be a $500 stock when released. Get ready!
Will be a $500 stock for many reasons. Ask your broker since your DD is clearly lacking.
Why will this be a $500 stock? Right now, they don't do anything. At least, as of Friday.
What's the big deal about Hindenberg anyway? Is this just anger because they reported something negative, that seems to have been true, about the company.
You didn't answer my question again. Maybe you don't know the answer.
As far as Hindenberg, I think that's an opinion and not a fact. You certainly have wild speculations.
Soon to be a $500 stock when released.
Andrew L. Sole now owns 700,000 shares.
The Reporting Person is actually Andrew L. Sole, director of the Issuer and the controlling principal of Esopus Creek Value Series Fund LP
https://www.otcmarkets.com/filing/conv_pdf?id=17378816&guid=6qd-kH2NCXDl1Vh
***** Yup NRDE ( PU Ride ) loaded up heavily with distressed credit investors - whoops
ENOUGH SAID
$NRDE Top Brass Loaded Heavy!
https://www.otcmarkets.com/filing/conv_pdf?id=17378816&guid=6qd-kH2NCXDl1Vh
You keep saying that. I don’t think you know what “soon” means.
Nope, read NoRide’s financial report to the bankruptcy court, and then include NoRide’s liabilities.
But at least they acknowledged NoRide NOLs…the most substantial asset NoRide has.
Those financials wizard on the board will have their hands full trying to salvage Pennie’s out of NoRide for the poor bag holders.
New company, Nu Ride Inc., rises from Lordstown Motors bankruptcy
Mar. 19, 2024
LORDSTOWN — A new company has emerged from the bankruptcy of failed electric-vehicle manufacturer Lordstown Motors Corp.
Shares of Nu Ride Inc., the former Lordstown Motors, continue to trade on the OTC Pink Market, but under a new ticker symbol — NRDE — and the company has relocated its headquarters from Lordstown to New York City, according to a recent regulatory filing.
OTC, or over-the-counter trading, is a trading platform for stocks not listed on a major exchange.
Shares closed trading Monday at $2.20 per share, up about 9.5%.
The company emerged from bankruptcy Thursday, nine days after a federal bankruptcy court judge in Delaware approved Lordstown Motors’ exit plan, the filing with the U.S. Securities and Exchange Commission states. According to Nu Ride’s website, it emerged from bankruptcy with approximately $78 million and $1 billion of net operating loss carry forwards and various causes of action.
The company intends to deploy its cash and intangible assets to “investigate and prosecute its causes of action” and “identify, evaluate and pursue one or more potential business combinations or acquisitions,” the website states.
Under the exit plan, the employment of Executive Chairman Daniel Ninivaggi, CEO and President Edward Hightower and Executive Vice President and Chief Financial Officer Adam Kroll was terminated with severance agreements.
Ninivaggi’s severance was $550,000; Hightower, $975,267; and Kroll, $685,000, the filing states.
The filing also states William Gallagher was appointed new chief executive, president, secretary and treasurer of the company.
Gallagher, 65, since October 2018, has served as a managing director of M3 Partners and has more than 35 years of experience in finance, investment and financial restructurings. Prior to joining M3, Gallagher was CEO at WMIH Corp, a public acquisition corporation which was the successor to Washington Mutual Inc., from May 2015 to July 2018.
The company’s new board of directors will set Gallagher’s compensation, according to another SEC filing.
The new board consists of Alexander C. Matina, Andrew L. Sole, Michael J. Wartell, Neil Werner and Alexandre Zyngier. No longer with the company are former board members Ninivaggi, Joseph B. Anderson Jr., Keith Feldman, David T. Hamamoto, Hightower, Jane Reiss, Laura J. Soave, Dale Spencer and Angela Strand.
Lordstown Motors filed for bankruptcy in June. The company acquired the former General Motors small-car plant in Lordstown to mass produce electric vehicles, but the company ended up selling the facility to Taiwanese tech giant Foxconn, which agreed as part of the sale to be manufacturer of Lordstown Motors’ first and only vehicle, the Endurance truck.
The relationship soured and Lordstown Motors sued Foxconn the same day it filed bankruptcy, claiming fraud and bad faith on Foxconn’s part led to the bankruptcy. Foxconn denies the claims. The case remains pending.
In October, a company formed by Lordstown Motors’ founder and ex-CEO, Steve Burns, acquired certain assets from Lordstown Motors “related to the design, production and sale of electric light-duty vehicles focused on the commercial fleet market” for $10.2 million.
Earlier this month, Lordstown Motors agreed to pay $25.5 million to settle claims made by the commission that the company exaggerated and misled investors about the demand for the Endurance.
The payment was to resolve certain pending class action lawsuits against the company in Ohio and Delaware.
On Friday, the commission filed notice with the bankruptcy court that it withdrew its $45 million claim against Lordstown Motors, citing the agreement with the company.
Have an interesting story? Contact the newsroom by email at news@vindy.com Follow us on X, formerly Twitter, @TribToday.
https://www.vindy.com/news/local-news/2024/03/new-company-nu-ride-inc-rises-from-lordstown-motors-bankruptcy/
You didn't actually answer my question.
The Liar basher is here working diligently for Hindenberg short position.
Watch what happens! Shorts will be crushed soon. Very soon!
Nu Ride Inc. (NuRide) Corporate Profile
On March 14, 2024, Nu Ride Inc. (NuRide), formerly known as Lordstown Motors Corp., emerged from bankruptcy as a public reporting company. The company emerged from bankruptcy with approximately $78 million of cash, $1 billion of net operating loss carry forwards and various causes of action. NuRide intends to deploy its cash and intangible assets to (i) investigate and prosecute its causes of action, and (ii) identify, evaluate, and pursue one or more potential business combinations or acquisitions, as determined by the Board. NuRide has no debt apart from certain liabilities related to general unsecured claims filed in the bankruptcy case. Additional information about the company and the Plan of Reorganization is available on the company’s website (www.nurideinc.com) and in the company’s filings with the U.S. Securities and Exchange Commission available at www.sec.gov/edgar.
Nu Ride Inc., Formerly Known as Lordstown Motors Corp., Emerges from Chapter 11 with the New Ticker Symbol "NRDE" on the OTC Pink Market
NEW YORK, March 14, 2024 /PRNewswire/ -- Nu Ride Inc., formerly known as Lordstown Motors Corp ("Nu Ride" or the "Company") announced today that it has successfully emerged from bankruptcy pursuant to its confirmed plan of reorganization (the "Plan"). The Plan was confirmed by the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") on March 6, 2024. Upon emergence the Company's common stock was issued a new ticker symbol: "NRDE" on the OTC Pink Market.
Additional information about the Company and the Plan is available on the company's website (www.nurideinc.com) and in the Company's filings with the U.S. Securities and Exchange Commission, available at www.sec.gov/edgar.
Please send inquiries to 'inquiries@nurideinc.com.'
Cision View original content:https://www.prnewswire.com/news-releases/nu-ride-inc-formerly-known-as-lordstown-motors-corp-emerges-from-chapter-11-with-the-new-ticker-symbol-nrde-on-the-otc-pink-market-302089920.html
SOURCE Nu Ride Inc.
https://investor.lordstownmotors.com/news-releases/news-release-details/nu-ride-inc-formerly-known-lordstown-motors-corp-emerges-chapter
You need the Tax Assessor records as the property is NOT for sale and it's not residential.
A video. Versus the actual filings RIDEQ made to the bankruptcy court.
BWAHAHAHAHA!!!!!
NoRide doesn't own property. There is no listing for property, plant, or equipment on their balance sheet. Stop Lying.
But seriously, there is a noticeable increase in desperation in your posts. It appears to be a cry for help. Please seek help.
OMG Stop Lying, Bashers don't read filings that express truth.
mxux even made a video explaining the 90 Acre zoned comercial/industrial property now owned by NU Ride Inc. that adjoins the plant property in Lordstown Ohio.
When a liar basher parks his bull shit on a stock, it only means good things are about to happen.
Thanks for the tip...LoL SMH
Other platforms have pointed out the details in the mxux youtube video.
I posted the link here awhile back.
Do your DD and you will find it. mxux video that everybody is afraid of especially baseless bashers with a motive.
The basher will now mimic my post so I will keep posting the truth until this stock hits the moon because this diamond in the ruff will explode way beyond $100 then $500 with Diamond Peak buying out the float. 15 million issued stock, flipping it over and over. It's coming soon as Hedge Funds and Central Banks collapse one by one.
NU Ride Inc. will soar and Diamond Peak will hold it up.
Buyers buying down here can thank me later as we stand to make a fortune. Really Soon.
Looks like crime pays...or at least offers very favorable rates.
***** LMAO Nu Ride junk has no property let alone 90 acres - whoops
ENOUGH SAID
Amidst all the hoopla about NuRide. no one seems to have posted the $175,000 that Steve Burns settled for.
https://www.sec.gov/litigation/litreleases/lr-25954
Will be interesting to watch what happens to the IP he bought given he hasnt had to pay much for his untruths.
Correct. NoRide leased (note: past tense) property. That fact is clear from its bankruptcy filings. And NoRide rejected almost all its leases as part of its bankruptcy, including the portion of the Lordstown plant it HAD leased.
I believe NoRide still has an office or two under lease, because that one NoRide employee needs to sit somewhere. He also needs to have a place to meet with the companies that are interested in acquiring NoRide’s only assets: its cash, its public-company status, and its NOLs.
This county real estate map only show properties that are owned by Foxconn, no Nu Ride (or Lordstown Motors or variatants)
https://beacon.schneidercorp.com/Application.aspx?AppID=1121&LayerID=28255&PageTypeID=1&PageID=11608
"NU Ride Inc. isn't just a play on words. NU Ride Inc. is the real deal with 90 Acres of commercial/industrial zoned property located right next to the plant."
Prove it. NoRide owns no property. Show us the property on NoRide's balance sheet. And stop lying.
And still crickets on Hightower I see. Had to move on to the next fantasy.
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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