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The images you keep posting as new are, in fact, dated.
Top image;
Closeup cropping of photo in MarketWatch Nov 22, 2021 article
https://www.marketwatch.com/story/here-are-the-evs-that-iphone-builder-foxconn-hopes-to-sell-11637268103?mod=search_headline
Second image;
From a 4/21/2022 article that doesn't even mention LMC/NuRide or FoxConn
https://www.electrive.com/2022/04/21/indi-one-ev-to-hit-us-markets-in-2023/
The last image is the most recent of the three images. Uploaded to Reddit 1/08/2024.
That is a still of a Reddit LandX Van video. LandX, even though it is run by Steve Burns/LAS Capital, has nothing to do with NuRide. Nuride has nothing to do with anything as LAS Capital is running LandX..
LandX appears to be attempting to bring the endurance to market.
Here is a relatively recent article on the status of the former LMC now LandX Endurance truck
https://gearjunkie.com/motors/landx-launch
NuRide has corporate HQ at 3M Partners in NYC
Where is Nu Ride Inc.'s Corporate Headquarters?
C/O M3 Partners; 1700 Broadway, 19th Floor; New York, NY 10019
https://www.nurideinc.com/shareholder-services/investor-faqs
3M Partners
https://m3-partners.com/
LAS Capital
https://lascapitalinvestments.com/
I stand by my statement because it is true, and you are not correct. Have you even looked at the new website? The monthly financial reports? The SEC filings? So some actual DD. They aren't making EVs, they don't have the factory, and they have no revenue. I suspect that they will have revenue in the future once they decide what they are going to do, but I haven't seen anything that suggests that yet. All you've got is a like on the LinkedIn post, which isn't news or data at all. SMH.
NoRide didn't build that (spoken in my best Obama impersonation). NoRide hasnt built anything...and has nothing with which it could build something.
NoRide has NOLs that are valuable to the right company. That will be NoRide's currency in trade. Meanwhile, NoRide is paying salaries and expenses and rent....
Ya right, LoL Who's making the new prototypes then and Why?
This platform are already road tested and crash test approved.
Hindenburg and it's affiliates are sure to be clobbered when announced. That's the secret and why insiders are buying heavy.
There's always Fisker or Rivian if worried about $NRDE and it's shareholders. 700,000 shares were recently purchased by a single insider totaling $1.25million. Why do you think he would do that being a new Director and all. I suspect big things are in the making.
I feel a major blast off is coming with $NRDE and I explained why but that's just me. It is what it is...
How is that news? They don't make EVs anymore, so what's the point?
You are making that up.
This is simply wishful thinking. You have no data to support any of these claims except that they have new board members and a new CEO. That makes your claims nonsense. We'll see how the actual suit against Foxconn works out, but you already know the possibilities, including losing given the past fraud of Lordstown.
***** Wrong ! those are not NRDE ( PU Ride ) vehicles they have no facility to build any vehicles - whoops
ENOUGH SAID
Nobody has time for your crap either. You haven't done your DD, and making claims which will prove to be untrue. There is no reasonable expectation by anyone that Nu Ride will win "Billions" from Foxconn. Steve Burns will never be the CEO of Nu Ride. You do, however, have a point about the share structure, as the stock can move because of that, but there needs to be something behind it other than hype, which is all there is here. Good luck with your speculative investment. Keep on pumping!
Excellent Sign! $NRDE is going to change the world. Many buffoons can't handle the truth is all.
Excellent SS, CEO and new Board Of Directors.
$NRDE is going places in a big way and will win judgement over Foxconn for Billions, together with the plant as NU Ride Inc. holds the keys to the plant through court order on their website.
It's already a win, win before the ball begins to roll.
You're being "stalked" because you're a clown ((or possibly a shill) that attempts to belittle others who do their due dilligence whilst you crow about a floundering compny while giving out outdated and/or incorrect information that you won't/can't substantiate.
I'm being stalked on every post. Excellent Sign! $NRDE is going to change the world.
***** BUYER BEWARE !!! Insiders going to run NRDE ( PU Ride ) to bankruptcy
ENOUGH SAID
No, I didn't. Nobody has time for that.
***** NU Ride needs to fire its promotional awareness campaign manager asap
ENOUGH SAID
LOL. Responding to a nonsense post? Really, you should pay attention first.
I agree that there are buys. Insider buys are normally a bullish sign, though not always. So, I am not disputing what is going on.
You need to pay attention. You don't know what is going on with this company. SMH.
Your response suggests you didn't read my post.
It blows already. It blows goats.
***** LOL ! There's nothing happening here period NRDE ( PU Ride ) insiders buying here means squat to retail investors - whoops
ENOUGH SAID
Nope, Insiders Buying Large, Here's the link.
https://www.otcmarkets.com/filing/conv_pdf?id=17420221&guid=X_Q-kqOqQl3AB3h
And that's just one of them. Click away at the others. It's a great sign when insiders are buying in that large. Very good sign, Trading 101 LoL SMH
***** BUYER BEWARE !!! Insiders going to run NRDE ( PU Ride ) to bankruptcy
ENOUGH SAID
1,097,132 share buy in by insiders. 16million issued Looking Good.
***** 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.
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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