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***** 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 NU Ride Inc. Ready to Explode PPS. It's imminent.
"The relationship between Fisker and Foxconn is over anyways and Foxconn is not going to be building anything for Fisker moving forward for Fisker or anyone else."
"The future of the Pear EV and other Fisker products is very uncertain," explained Sam Abueldamid, Principal Research Analyst with Guidehouse Insights. "The relationship between Fisker and Foxconn is over anyways and Foxconn is not going to be building anything for Fisker moving forward for Fisker or anyone else."
Foxconn is not going to be building anything for Fisker moving forward for Fisker or anyone else
***** 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 outcome of the lawsuit is meaningless to 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.
***** 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
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.
(Steve Burns is considered a White Knight by stock trading experts who know the market systems. If it had not been for Burns acquiring LMC and it's tangible assets and throwing a wrench into Foxconn educated plans to undermine LMC. Foxconn would have legally been able to walk away with the entire company as a whole for a song and a dance as the opposition continues to defame Burns, when it was entirely Burns who actually saved the company from going completely out of business and falling into the wrong hands.)
In the end, Steve Burns will get his own company back and save LMC shareholders from an imminent loss. We are now standing at the same timing and place as Mr Cooper Group Inc COOP was at, at the point of merger. After two years, Burns may legally be seated again as CEO with shareholder approval.
The story continues while the EV industry may shift towards Frequency driven vehicles and away from BEV and EV power driven vehicles.
NU Ride Inc. has their team in place to work every angle including logistics. We are looking at the beginning of a monster empire in the making with a bountiful future going forward.
***** 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
***** Only change made here is the ticker name - company going no where - just another shell
ENOUGH SAID
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?
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.
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
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.
***** Yup every time NRDE ( PU Ride ) is down or trading stagnate its manipulation , hedge fund shorters or central banks fault - nothing but dip shit conspiracy theories
ENOUGH SAID
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.
***** Whether or not Focxonn wins is irrelevant - its meaningless for NRDE ( PU Ride ) - whoops
ENOUGH SAID
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
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.
***** 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
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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