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***** Funny ! strong sell on many platforms NRDE ( PU Ride ) is toast -- whoops
ENOUGH SAID
Strong Hold on all boards. Going to blow.
***** Theres no massive buy in period ! NRDE ( PU Ride ) nothing cooking here
ENOUGH SAID
Massive Buy In. Looking really good. Somethings Cooking. Seriously.
***** LOL ! Absolutely means squat to retail investors in NRDE ( PU Ride ) - whoops
ENOUGH SAID
Filing says otherwise. Here's the tale of the tape. One must pay attention first, to know what's really going on.
Buys
8
Sells
5
Total
13
Shares
Bought
1,097,132
Sold
60,311
Gross
1,157,443
Net
1,036,821
Trans Date
Filer
Ownership
Type
Price
Shares
03/18/2024 SOLE ANDREW L.
Director Indirect Buy 2.2987 264,963
03/15/2024 SOLE ANDREW L.
Director Indirect Buy 2.3023 225,000
03/14/2024 SOLE ANDREW L.
Director Indirect Buy 2.2474 52,603
03/14/2024 SOLE ANDREW L.
Director Indirect
03/14/2024 WEINER NEIL
Director Indirect
03/14/2024 ZYNGIER ALEXANDRE
Director Indirect
03/18/2024 ESOPUS CREEK VALUE SERIES FUND LP - SERIES A
Director Indirect Buy 2.2987 264,963
03/15/2024 ESOPUS CREEK VALUE SERIES FUND LP - SERIES A
Director Indirect Buy 2.3023 225,000
03/14/2024 ESOPUS CREEK VALUE SERIES FUND LP - SERIES A
Director Indirect Buy 2.2474 52,603
03/14/2024 ESOPUS CREEK VALUE SERIES FUND LP - SERIES A
Director Indirect
03/14/2024 LEONARD MELISSA A.
Officer Direct Option Execute 23,555
03/14/2024 LEONARD MELISSA A.
Officer Direct Disposition (Non Open Market) 10,241
03/14/2024 LEONARD MELISSA A.
Officer Direct Acquisition (Non Open Market) 6,000
03/14/2024 FELDMAN KEITH A.
Director Direct Option Execute 4,009
03/14/2024 REISS JANE
Director Direct Option Execute 3,325
03/14/2024 HIGHTOWER EDWARD T.
Officer Direct Option Execute 62,222
03/14/2024 HIGHTOWER EDWARD T.
Officer Direct Disposition (Non Open Market) 17,707
03/14/2024 BELL DONNA
Officer Direct Option Execute 16,000
03/14/2024 BELL DONNA
Officer Direct Disposition (Non Open Market) 5,424
03/14/2024 HAMAMOTO DAVID T
Director Direct Option Execute 820
03/14/2024 NINIVAGGI DANIEL A
Officer Direct Option Execute 46,111
03/14/2024 NINIVAGGI DANIEL A
Officer Direct Disposition (Non Open Market) 14,870
03/14/2024 SPENCER DALE GENE
Director Direct Option Execute 3,325
03/14/2024 BOYDSTON ANGELA STRAND
Director Direct Option Execute 136
03/14/2024 KROLL ADAM B
Officer Direct Option Execute 29,111
03/14/2024 KROLL ADAM B
Officer Direct Disposition (Non Open Market) 12,069
03/14/2024 KROLL ADAM B
Officer Direct Acquisition (Non Open Market) 6,000
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The last is easy, they will NOT merge with LANDX. Not with Burns at the helm. I think that can be treated as a fact without dispute.
The point about the SS being tiny is a fair point. That does mean possible quick moves, but even without a change in the SS, $500 is quite a valuation for a company that at the moment has no revenue, nor much in the way of assets. Dividends seems unlikely given the failure of RIDE, however, this is new management so I suppose anything is possible. However, you are making assumptions that may or may not be true.
The board was chosen for a reason. That's hard to disagree with, as you don't state the reason. If NRDE is going to go into the EV business, which is not yet certain, then they will need to change the BOD, and maybe the CEO with people who are competent in that business. The current management has financial experience, which is certainly important, I agree. But, whatever business they go into, there will need to be changes to reflect that new business.
You keep saying that Nu Ride Inc. will win big against Foxconn. I disagree, to a point. What Foxconn hasn't paid for the plant, they may still have to pay. I'm unclear that they haven't already paid for the plant. I think the dispute is actually over the second agreement which is the investment agreement, based on my reading, but that information is a little imprecise including that coming from the old management. So, the disagreement we have comes from the fraud claim. I don't think Lordstown/Nu Ride will win the fraud claim, as I don't see the fraud. I do see perhaps a claim of failure to keep the contract, and that they will be required to pay what they owe. That's a far cry from your claim. To me, this qualifies as a win for Nu Ride, Inc., but not the big win that you are claiming. There is still a possibility that they will lose, as Foxconn does have a point about then Lordstown mismanagement of the stock with the delisting notice. The old Lordstown management does deserve some blame there. It's a fair point, but I'm not sure that it will be enough for a clean win by Foxconn. Either way, the courts will make the determination, unless the 2 decide to settle. That's still an option, I think.
So, I don't see a $500 stock, as the other EV makers, like Fisker, and even Rivian, aren't doing great, though better than Lordstown did. Even Tesla's sales are slowing, though the EV market, in general, should grow. Now that the major automakers are in the business, a small startup like Nu Ride will have trouble. So, Nu Ride's best hope might be in a) another business (for SPRV I used the example of Taco Trucks, but that's mostly in jest) or b) in some manner supportive of the EV industry, like making parts, repair parts, or some other function within that industry. They aren't in the EV industry at the moment, and as you said, their BOD doesn't have EV experience. Your pictures of Foxconn vehicles doesn't support your case at all, though they are nice pictures.
Yes Billions are sought with Plant, NU Ride 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.
IMO NU Ride Inc. will merge with Land X and get plant back and MIH platforms. Foxconn is in the midst of losing everything.
***** Those pics have nothing to do with NRDE ( PU Ride ) - whoops
ENOUGH SAID
***** Got any pics of NRDE ( PU Ride ) vehicles ??? or just a trip down memory lane with Lordstown
ENOUGH SAID
***** Got any links to these vehicles being tied to NRDE ( PU Ride ) ??? or just more fantasy conspiracy theories
ENOUGH SAID
New Director purchased 700,000 at market shares of $NRDE
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.
https://www.vindy.com/news/local-news/2024/03/new-company-nu-ride-inc-rises-from-lordstown-motors-bankruptcy/
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.
https://www.nurideinc.com/
I looked on the NuRide website and I couldn't find these Foxconn cars. Where on the website did you see them? The website says that they are still looking
***** Pictures have zero to do with NRDE ( PU Ride ) - they have no manufacturing facility - whoops
ENOUGH SAID
Okay, the first point about insider buying appears to be correct. That is, form 4's and 3's have been filed. Insider buying is normally considered a bullish sign. Given the change in management and the function of the company, I think it's neutral here, but it is fair to consider it bullish, so your interpretation is fair, at least to a point.
The article does have some issues. The first paragraph, says "Esopus Creek Value Series Fund LP - Series A, a significant investor in NU Ride Inc. (NASDAQ:RIDE)," shows old information. The stock isn't on NASDAQ, and the symbol is not RIDE, not anymore. So, the writer looks like he is just changing an old article template and using old bad information. He didn't properly proof read the article. Also, Nu Ride is not, according to its website and automotive manufacturer, so Josh's comment is actually fair, though I wouldn't say lie, but just wrong, and poorly either researched or proof read. The further evidence is in the 5th paragraph where the writer says "As Esopus Creek Value Series Fund LP increases its stake in NU Ride Inc. (NASDAQ:NRDE), " It isn't NASDAQ, but OTC Pink current. So again, while the write corrects the stock symbol, the stock information is still wrong.
The final paragraph also has problems:
There’s a lie in the first paragraph. NoRide is not an automotive manufacturer. NoRide has as much capability to manufacture cars as it does to be considered a chicken processor.
So…chicken-processor NoRide is a shell.
At least Foxconn has a factory to do whatever it wants in. NoRide has no manufacturing capability whatsoever.
Oh…and Fisker has nothing to do with NoRide, so schadenfreude won’t help you get your lost investment back.
***** LMAO ! None of those vehicles have anything to do with NRDE ( PU Ride ) - whoops
ENOUGH SAID
Esopus Creek fund director buys $1.25m in NU Ride Inc. shares
Esopus Creek Value Series Fund LP - Series A, a significant investor in NU Ride Inc. (NASDAQ:RIDE), has made a substantial purchase of the company's shares, signaling confidence in the automotive manufacturer's future. Over a series of transactions, the fund, directed by Andrew L. Sole, acquired a total of $1.25 million worth of NU Ride Inc. stock.
The buying spree began on March 14, 2024, with the purchase of 52,603 shares at a price of $2.2474 each. The following day, an additional 225,000 shares were bought at $2.3023 per share, and the sequence of investments concluded on March 18 with the acquisition of 264,963 shares priced at $2.2987. The transactions occurred within a price range of $2.2474 to $2.3023 per share, reflecting the fund's commitment to the company during this period.
Following these transactions, Esopus Creek Value Series Fund LP - Series A's holdings in NU Ride Inc. increased to a total of 700,000 shares. This move by a director of the company underscores a potentially positive outlook for NU Ride Inc., which has undergone significant changes, including a name change from Lordstown Motors (OTC:NRDE) Corp. to its current identity.
Investors often monitor the buying and selling activity of company insiders and significant stakeholders to gauge the internal sentiment towards the company's performance and prospects. The recent purchases by Esopus Creek Fund's director may be interpreted as a strong vote of confidence in the direction and management of NU Ride Inc.
InvestingPro Insights
As Esopus Creek Value Series Fund LP increases its stake in NU Ride Inc. (NASDAQ:NRDE), the market is also witnessing some intriguing financial metrics and analyst insights for the company. With a market capitalization of $36.69 million, NU Ride Inc. stands as a niche player in the automotive industry. Despite facing challenges, recent transactions indicate that some investors see potential in the company's growth trajectory.
One of the most notable InvestingPro Tips for NU Ride Inc. is the company's significant return over the last week, with a 28.65% price total return. This short-term performance, coupled with a 57.14% return over the last month, suggests a recent uptick in investor confidence, which may align with the actions of Esopus Creek Value Series Fund LP. Additionally, analysts anticipate sales growth in the current year, which could be a driving factor behind the recent insider purchases.
From a financial standpoint, NU Ride Inc. has had a remarkable revenue growth of 1106.19% in the last twelve months as of Q4 2023, although it is important to note that the company's gross profit margins have been weak, with a -3812.39% gross profit margin in the same period. This suggests that while revenue is increasing, profitability remains a challenge for the company.
https://www.investing.com/news/stock-market-news/esopus-creek-fund-director-buys-125m-in-nu-ride-inc-shares-93CH-3343036
***** NRDE ( PU Ride ) Top brass is private equity - they destroy companies from within - wont be long before it happens here
ENOUGH SAID
Now has 700,000 shares. This is going to be huge.
$NRDE Top Brass Loaded Heavy!
https://www.otcmarkets.com/filing/conv_pdf?id=17378816&guid=6qd-kH2NCXDl1Vh
The CEO could have did that himself Dip Shit.
The financial wizards are winding down NoRide and looking to maximize the value of it being a publicly-traded company and has significant NOLs. That is all.
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.
Filed 2-29-2024. It's available on OTC Markets or the SEC website itself.
***** Sure they are , gotta a link ? filing , fintel report anything ? NRDE ( PU Ride ) is a shell
ENOUGH SAID
Yes, Insider Buying!
Partial list of Insiders buying large Blocks for the month of March.
03/18/2024 ESOPUS CREEK VALUE SERIES FUND LP - SERIES A
Director Indirect Buy 2.2987 264,963
03/15/2024 ESOPUS CREEK VALUE SERIES FUND LP - SERIES A
Director Indirect Buy 2.3023 225,000
03/14/2024 ESOPUS CREEK VALUE SERIES FUND LP - SERIES A
Director Indirect Buy 2.2474 52,603
***** Too bad NRDE ( PU Ride ) is just a shell and the foxconn outcome is meaningless for them
ENOUGH SAID
Your article needs a little elaboration, while NoRide might have had $78M in cash, NoRide's own filing with the bankruptcy courts shows net assets of $50M as of February 29.
Other than that, the article hits the important points: the BoD will pimp out NoRide to the highest bidder, based on the NOLs. I doubt any serious interest in NoRide would give a sh_t about NoRide's lawsuite against Foxconn. Did you notice the absence of absolutely ANY discussion of NoRide actually doing anything in the EV space? You did but might not admit it.
Lordstown successor emerges with Foxconn suit plan, tax breaks in hand
March 28, 2024
Former CEO Steve Burns last year acquired most of the assets that would have built the all-electric Endurance truck.
***** Sure they are , gotta a link ? filing , fintel report anything ? NRDE ( PU Ride ) is a shell
ENOUGH SAID
Insiders buying large Blocks for the month so far.
03/18/2024 ESOPUS CREEK VALUE SERIES FUND LP - SERIES A
Director Indirect Buy 2.2987 264,963
03/15/2024 ESOPUS CREEK VALUE SERIES FUND LP - SERIES A
Director Indirect Buy 2.3023 225,000
03/14/2024 ESOPUS CREEK VALUE SERIES FUND LP - SERIES A
Director Indirect Buy 2.2474 52,603
This is totally wrong, I'm actually shocked they allowed this to go through to be honest. $175k after buying the IP from Lordstown for pennies on the dollar, not stipulations about making investors whole, not jail time, no admission of guilt, nothing but a fine that will benefit who, exactly?
This is an absolute travesty and absolutely solidifies my belief in the corruption of Wall Street and the SEC.
***** Only change made here is the ticker name - company going no where - just another shell
ENOUGH SAID
What is Lordstown Motors? That company doesn’t exist any more.
A “like” from a LinkedIn account. Doesn’t get any more desperate than that.
Keep repeating it if it makes you feel better. Won’t make it any more likely to happen.
Those financial wizards you’re so high on are perfect for pimping out NoRide’s ticker and NOLs. That is all.
Going to be a billion dollar pay day soon.
Just got my letter. Looking excellent for longs and those that held.
***** LMAO ! Gotta link where NRDE ( PU Turd ) will get billions ?
ENOUGH SAID
Nu Ride's new five-person board is expected to appoint William Gallagher, managing director of M3 Partners — a transaction advisory firm in New York — as Nu Ride's president and CEO, according to the regulatory filing.
Gallagher faced a situation similar to Nu Ride as CEO at WMIH Corp., the public acquisition corporation that succeeded Washington Mutual Inc. — the parent of WaMu Bank in Seattle that was seized by federal thrift regulators in fall 2008. By January 2015, the shell company left over from the failure of Washington Mutual had raised close to $600 million to pursue acquisitions of financial companies that could benefit from its huge, tax-deductible losses, according to a report by the Seattle Times.
Gallagher took over as leader of WMIH in May 2015 "to oversee its acquisition strategy and manage its day-to-day affairs," according to M3 Partners.
He was responsible for "reviewing, vetting and analyzing a large number of potential target companies from a variety of different sectors and industry groups," M3 says.
"Ultimately, WMIH acquired Nationstar Mortgage Holdings to form Mr. Cooper Group," M3 says. Gallagher departed from WMIH after closing the Nationstar acquisition in July 2018.
Bill Gallagher has more than 35 years of experience in finance, investment and financial restructurings. He brings deep expertise in credit analysis and has long-term management experience in the financial services industry.
Prior to joining M3, Bill was the Chief Executive Officer at WMIH Corp (NASDAQ:WMIH), a public acquisition corporation which was the successor to Washington Mutual, Inc., from May 2015 to July 2018. Bill was recruited to WMIH to oversee its acquisition strategy and manage its day-to-day affairs. While there, he worked closely with WMIH’s strategic financial partner, Kohlberg Kravis Roberts & Co. At WMIH, Bill’s responsibilities included reviewing, vetting and analyzing a large number of potential target companies from a variety of different sectors and industry groups. Ultimately, WMIH acquired Nationstar Mortgage Holdings (NYSE symbol NSM) to form Mr. Cooper Group (NASDAQ:COOP). Bill departed from WMIH upon the closing of the acquisition of Nationstar as his job at WMIH was completed.
Prior to WMIH, Bill was CEO and Chief Risk Officer at Capmark Financial Group, formerly known as GMAC Commercial Mortgage (from March 2009 to May 2015). Bill was retained by Capmark to manage its financial restructuring following the global economic crisis and was responsible for the management of the company’s day-to-day affairs, the restructuring of both the company and its assets (including its $15 billion commercial loan portfolio), its bankruptcy process, and its winding down and distribution of assets to creditors and other stakeholders. Capmark was a highly successful restructuring as Bill and his colleagues significantly increased the recovery value to Capmark’s creditors.
Before joining Capmark, Bill was the Chief Credit Officer of RBS Greenwich Capital, the US fixed income investment banking business of the Royal Bank of Scotland, where he was responsible for all aspects of credit risk management. While at RBS Greenwich, Bill was responsible for a wide variety of US corporations and buy-side companies, including corporate borrowers and debt issuers, financial institutions, industrial companies with captive finance businesses, and a variety of US corporations who traded various securities with or through RBS Greenwich.
Earlier in his career, Bill was a Vice President at First Boston Corporation in that firm’s credit risk management department. At First Boston, Bill was responsible for managing credit risk to a wide variety of corporate issuers and financial institutions. Bill began his career at Chemical Bank, where he completed the bank’s credit training program and then worked as a loan officer in the middle market division and a credit officer in the financial institutions division.
Bill has a B.S. in business administration from Syracuse University and an MBA from New York University.
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