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“WE ARE A SHELL COMPANY….”
Says it right there in NoRide’s 10-Q.
Haven’t we been telling you that all along? Now maybe you’ll believe it?
That filing should cease all discussion of NoRide having anything to do with vehicles or the Lordstown plant.
At least NoRide “investors” can cling to the hope of a miracle via the lawsuit, but the NoRide filing makes it pretty clear that pursuing the lawsuit is NOT the BoD’s highest priority. Monetizing the NOLs is.
A couple of additional points or questions:
that's rated in the top 5% of all start ups free and clear cash
It reminds me of the Procter and Gamble merger when most had thought Gambles Stores
This post is not your best.
Fact: No revenue, no product, no van, no car, no truck, no military vehicle. That has been proven over and over. The 10-Q proves that without a doubt.
I believe this is written carefully and constructively. With nearly 20 million in cash, that's rated in the top 5% of all start ups free and clear cash and NU Ride Inc. already spent 10 million in costs on a prototype. Van? Sudan?
The Company’s remaining assets following the closing of the LandX Asset Purchase Agreement consist largely of cash on hand, the claims asserted in the Foxconn Litigation (as defined below), claims that the Company may have against other parties, as well as net operating loss (“NOL”) carryforwards and other tax attributes.
***** NRDE ( PU Ride ) is a shell period - theres no influx of anything coming here - whoops
ENOUGH SAID
Excellent 10Q spells out what MOST can't see. This is preparing for a massive influx in court awarded cash thru a positive court decision against Foxconn and optimistically granted. They are crossing T's and dotting I's while proving absolute harm caused to operations from Foxconn's fraud and deceit.
The 10Q spells is out and by using terms such as "going concern" indirectly states, remaining in business.
NU Ride Inc. remains a strong hold as the writing is on the wall.
We may choose not to hold a shareholder vote to approve a business combination if the business combination would not require shareholder approval under applicable law or stock exchange listing requirement. For instance, if we were seeking to acquire a target business where the consideration we were paying in the transaction was all cash, we would typically not be required to seek shareholder approval to complete such a transaction. Except as required by applicable law or stock exchange requirement, the decision as to whether we will seek shareholder approval of a proposed business combination or will allow shareholders to sell their shares to us in a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors, such as the timing of the transaction and whether the terms of the transaction would otherwise require us to seek shareholder approval.
Risks Related to our Business
We are a shell company, and our only material assets are cash on hand, the claims asserted in the Foxconn Litigation, claims that the Company may have against other parties, and NOLs.
As a shell company (as defined in Rule 12b-2 of the Exchange Act), our only material assets are cash on hand and intangible assets, including the claims asserted in the Foxconn Litigation, claims the Company may have against other parties and NOLs. As of March 31, 2024, we had $19.7 million cash and cash equivalents, excluding restricted cash. For the foreseeable future, our principal source of revenue and cash flow will be investment income from our investment portfolio, if any. We anticipate relying upon such liquid assets to sustain operating expenses, unless or until the consummation of a business combination or we are able to secure additional funding, if at all. We cannot provide any assurance that we will identify a suitable business opportunity, consummate a business combination or that our choice of business combination will result in profitable operations, the ability to generate cash or the effective utilization of our NOLs. Moreover, there can be no assurance that financing will be available to us on favorable terms and timing or at all. We and our auditors have identified conditions and events that raise substantial doubt about our ability to continue as a going concern. If we are not able to continue as a going concern, or if there is continued doubt about our ability to do so, the value of your investment would be materially and adversely affected. We cannot predict or quantify the ultimate impact that events that have occurred during or upon our emergence from the Chapter 11 Cases may have on ultimate recovery for stakeholders, including creditors and stockholders.
The expenses and awards, if any, attributable to the Foxconn Litigation is uncertain.
Due to the inherent uncertainties of litigation and regulatory proceedings, we cannot accurately predict the ultimate outcome of the Foxconn Litigation. An unfavorable outcome could have a material adverse effect on our business, financial condition and results of operations. Regardless of the outcome of the Foxconn Litigation, it is likely to result in substantial expenses and may require us to devote substantial resources, including management’s time, to it. No assurances can be provided as to the Company having sufficient resources to pursue the Foxconn Litigation, the outcome or recoveries, if any.
Our Board of Directors may change our business plan and strategy without stockholder approval, which could alter the nature of your investment.
Our Board of Directors is developing and reviewing its business plan and strategy for the Company and determining what is in the best interest of our stockholders. This business plan and strategy may change over time. The methods of implementing our business plan and strategy may vary, as trends emerge and opportunities develop. Our business plan and strategy, the methods for its implementation, and our other objectives, may be altered by our board of directors without the approval of our stockholders. As a result, the nature of your investment could change without your consent.
Our business depends on the continuing efforts of our management and third parties. If it loses their services, our business may be severely disrupted.
We do not have any full-time employees. Our business operations depend on the efforts of consultants and professional service providers to execute our business plan, operations and internal controls, including all of our financial reporting and claims reconciliation. If our Chief Executive Officer or key consultants become unable or unwilling to continue providing their services to us, we might not be able to replace them in a timely manner, or at all. We may incur additional expenses to recruit and retain qualified replacements. As a result, our business may be severely disrupted and our financial condition and results of operations may be materially and adversely affected.
This van is a LandX van, it isn't a Lordstown van, nor is it a Nu Ride van. Yes, it's from a Reddit post also. It looks like it had some affiliation with Lordstown in the past, but LandX has it now, which isn't Lordstown, nor is it Nu Ride. What's your point?
A couple of questions: What interest do you expect Nu Ride to have in the Monarch tractor. Yes, it's made in the Lordstown plant, which is currently operated and owned by Foxconn. I know you dispute that, but clearly there is no revenue from this going to Nu Ride (see the filings for proof - the 10-Q in particular), so what claim do you think Nu Ride will have on that anyway, since it's not their tractor, nor do they have a contract to make it.
A couple of these other pictures are just old, so they add no value, as they appear to be lifted from an old Reddit post.
Some of the others are Foxconn vehicles which Nu Ride (or old Lordstown Motors) has and had no connection with. A couple of pictures appear to be the Endurance, and that vehicle no longer exists as a viable product.
You appear to be counting your chickens before they hatch, but the reality is more like you may be counting chickens from scrambled eggs.
So, what's your point?
I had to check as sometimes I do miss news. Thanks for the answer. Good luck.
I made it up out of thin air for the idiot Saving Grace that makes up ridiculous shit out of air. The 10q filing today hopefully puts his nonsense to rest.
Didn't see that news either. Do you have a link?
Didn't see that news. That would be interesting. I looked for a form 13, or an additional Form 4, but couldn't find that. Where did you see this news?
I did see the 10-Q. $0.00 in revenue, and $19.7 million in unrestricted cash. The rest of the cash is part of the ongoing resolution of lawsuits, I believe. Nothing really new or unexpected here. Their claim of assets include cash (we knew that), the potential for gains from the Foxconn litigation (we knew that, though there is a disagreement as to what those may be in actual value), possible gains from other litigation, and the NOLs (we knew that also). Nothing really new there, though it does prove they don't have any other revenue producing operations. No mention of other EVs, vans, trucks, military vehicles or anything like that.
I do think something is coming, what it will be I don't know. So, if you have a link to the news about one of Bill Gate's companies, then I would love to see it.
Upon emergence, the Company’s primary operations are: (i) resolving claims filed in the bankruptcy, (ii) prosecuting the Foxconn Litigation, (iii) pursuing, compromising, settling or otherwise disposing of other retained causes of action of the Company, and (iv) identifying potential transactions, including business combinations, or otherwise, that could create value, including through permitting the Company to make use of the NOLs, if preserved.
One of Elon Musk’s companies just bought into NU Ride. Name change coming
One would like to think that today’s 10-Q removes all doubt that NoRide generated any revenue in the reporting quarter…and owns no assets that can be depreciated.
But I very much doubt that this reality will penetrate the thick skull of a certain NoRide “investor”.
One of Bill Gate’s companies just bought into NU Ride. Name change coming
Insider buying is old news, and gets older each time it is repeated. However, if after the 10-Q is filed, which could be this week, and then they buy in a week or two, then that particular narrative changes. But at this point, they bought once, are now underwater, and are waiting for something to happen. I would expect that they are marketing the company for either a reverse merger, or to sell the company, or even to acquire some business. Right now, my prediction for revenue for Q1 is the same as Q4 of last year: $0.00. The claim of Lordstown being a subsidiary (I'll double check the bankruptcy plan on that and the articles of incorporation - just did that) producing vehicles (I know that isn't true) is false. Anyone who has read the filings knows that. By Filings I mean court filings, and SEC filings. I'm not sure what the other poster means by filings, unless he or she is referring to filings in 2022, when they were manufacturing vehicles. Foxconn appears to be using the factory to make EV's. No, not for Fisker, not for Nu Ride, not for any commercial EV's that the average citizen would drive on the roads. I'm not sure where this Russia nonsense comes from either. Probably from the "filings" filed on Reddit, where the pictures come from.
The fact, as you and I agree on, is that Nu Ride is a shell, with no IP, no manufacturing assets and a few employees (zoominfo.com obviously didn't have current information). There is probably a future here, and maybe a profitable one, so I can see holding and waiting (though most people would go elsewhere as this would be dead money - though I have dead money stocks too). The volume hasn't been there, so there hasn't been the interest to even flip this stock for anything meaningful. Maybe later, but now doesn't seem to be the time.
Even if the poster is right about Nu Ride winning the lawsuit against Foxconn (I don't think they will, but that's another story), that's multiple years away. They haven't acted on the motion to dismiss yet. That's been about 6 months. There will probably be some settlement of some sort, as while Foxconn has a point about then Lordstown failing in their end of the agreement, I do think they jumped the gun, as it were, and probably should have continued to honor the agreement based on what I read. I'm not a lawyer, though. I certainly don't see fraud, though Lordstown has already admitted to what amounts to be fraud. So, Lordstown isn't the innocent victim here by any stretch of the imagination. If they settle, I would expect that sometime in the next 2 years.
***** NRDE ( PU Ride ) is a shell , they have no way of making vehicles - whoops
ENOUGH SAID
"are buying"? That's present tense. "Did buy"? That's past tense and correctly describes those purchases. Where are the more recent purchases that would justify saying "are buying"? Oh...that's right...they haven't happened.
The new BoD and execs did what was right and showed some faith in their new endeavor and their new employer. Now that they've played that card, they can sit back and collect paychecks and perks while they search for a company interested in NoRide's NOLs. Cuz really...that's what...and all...that NoRide brings to the table.
NoRide has no IP. No manufacturing assets. Just a handful of employees. That's it. And whatever happens to Fisker will have no impact on NoRide.
Multi Billion dollar lawsuit against Foxconn is in play and active. Read the filings. It's big and includes the plant. Fisker already parted ways with Foxconn. The writing is on the wall and NU Ride Inc. new BOD's are buying up a shit load of common stock on the open market.
Nu Ride Inc. director acquires over $1.2mn in NRDE stock
Nu Ride Inc. (NASDAQ:NRDE), previously known as Lordstown Motors (OTC:NRDE) Corp., has seen significant purchasing activity from one of its directors, Andrew L. Sole. According to recent filings, Sole has acquired a substantial number of shares valued at over $1.2 million, indicating a strong vote of confidence in the motor vehicle company's future prospects.
Over a series of transactions, Sole purchased a total of 543,566 shares of Nu Ride Inc. common stock. The purchases occurred on three separate dates, with the prices per share ranging from $2.2474 to $2.3023. On March 14, 2024, Sole bought 52,603 shares at $2.2474 each. The following day, he added another 225,000 shares to his holdings, paying $2.3023 per share. The buying spree concluded on March 18, with Sole acquiring 264,963 shares at a price of $2.2987 each.
The total amount spent on these transactions amounted to $1,245,307, reflecting a notable investment by the director into the company. It's worth mentioning that these shares are held indirectly by Esopus Creek Value Series Fund LP - Series A, with Sole's pecuniary interest in the securities being the extent of his ownership claim, as per the footnotes in the filing.
This financial move by a key insider often garners the attention of investors, as it may signal insider beliefs about the company's valuation and future performance. Nu Ride Inc., with its focus on the automotive industry, particularly in the manufacturing of passenger car bodies, is at the forefront of a dynamic and evolving sector.
Investors and market watchers alike will be keeping a close eye on Nu Ride Inc. to see how this insider activity might align with the company's strategic direction and performance in the coming quarters.
InvestingPro Insights
Nu Ride Inc. (NASDAQ:NRDE) has captured the market's attention not only through insider buying activity but also through its intriguing financial metrics and analyst expectations. A key point to note from InvestingPro Tips is that analysts are forecasting sales growth for the current year, which could signal a positive outlook for the company's revenue trajectory. This aligns with the recent insider purchases, potentially indicating a belief in the company's growth potential. Additionally, despite the company's significant revenue growth over the last twelve months, Nu Ride Inc. is not expected to be profitable this year, which investors should consider when evaluating the company's near-term financial health.
Looking at the real-time metrics from InvestingPro, Nu Ride Inc. has a market capitalization of 30.58 million USD, which places it in the smaller spectrum of publicly traded companies. The company's Price to Book ratio as of the last twelve months stands at 2.07, which can offer insights into how the market values the company's net assets. The substantial revenue growth of 1106.19% over the last twelve months is particularly eye-catching, although it's important to reconcile this with the company's gross profit margin of -3812.39%, which indicates challenges in maintaining profitability.
For those interested in a deeper dive into Nu Ride Inc., there are additional InvestingPro Tips available that could provide further insights into the company's financial health and market performance. Remember to use coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro, where you can access a total of 16 additional tips for a comprehensive investment analysis.
https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747
***** Wrong ! How is a shell company like NRDE ( PU ride ) going to explode with fake pictures that dont belong to them ? -- whoops
ENOUGH SAID ? NA !
So what. This article gets the revenue trajectory wrong. SMH.
NRDE is gearing up for a major BOOM! Take it for what it's worth. One needs to know the past, present and future to fully understand what is truly going on here. Also, pay attention to local news in Lordstown Ohio. It's seriously looking like LMC/NU Ride Inc. got the plant back and in their possession.
Nu Ride Inc. director acquires over $1.2mn in NRDE stock
Nu Ride Inc. (NASDAQ:NRDE), previously known as Lordstown Motors (OTC:NRDE) Corp., has seen significant purchasing activity from one of its directors, Andrew L. Sole. According to recent filings, Sole has acquired a substantial number of shares valued at over $1.2 million, indicating a strong vote of confidence in the motor vehicle company's future prospects.
Over a series of transactions, Sole purchased a total of 543,566 shares of Nu Ride Inc. common stock. The purchases occurred on three separate dates, with the prices per share ranging from $2.2474 to $2.3023. On March 14, 2024, Sole bought 52,603 shares at $2.2474 each. The following day, he added another 225,000 shares to his holdings, paying $2.3023 per share. The buying spree concluded on March 18, with Sole acquiring 264,963 shares at a price of $2.2987 each.
The total amount spent on these transactions amounted to $1,245,307, reflecting a notable investment by the director into the company. It's worth mentioning that these shares are held indirectly by Esopus Creek Value Series Fund LP - Series A, with Sole's pecuniary interest in the securities being the extent of his ownership claim, as per the footnotes in the filing.
This financial move by a key insider often garners the attention of investors, as it may signal insider beliefs about the company's valuation and future performance. Nu Ride Inc., with its focus on the automotive industry, particularly in the manufacturing of passenger car bodies, is at the forefront of a dynamic and evolving sector.
Investors and market watchers alike will be keeping a close eye on Nu Ride Inc. to see how this insider activity might align with the company's strategic direction and performance in the coming quarters.
InvestingPro Insights
Nu Ride Inc. (NASDAQ:NRDE) has captured the market's attention not only through insider buying activity but also through its intriguing financial metrics and analyst expectations. A key point to note from InvestingPro Tips is that analysts are forecasting sales growth for the current year, which could signal a positive outlook for the company's revenue trajectory. This aligns with the recent insider purchases, potentially indicating a belief in the company's growth potential. Additionally, despite the company's significant revenue growth over the last twelve months, Nu Ride Inc. is not expected to be profitable this year, which investors should consider when evaluating the company's near-term financial health.
Looking at the real-time metrics from InvestingPro, Nu Ride Inc. has a market capitalization of 30.58 million USD, which places it in the smaller spectrum of publicly traded companies. The company's Price to Book ratio as of the last twelve months stands at 2.07, which can offer insights into how the market values the company's net assets. The substantial revenue growth of 1106.19% over the last twelve months is particularly eye-catching, although it's important to reconcile this with the company's gross profit margin of -3812.39%, which indicates challenges in maintaining profitability.
For those interested in a deeper dive into Nu Ride Inc., there are additional InvestingPro Tips available that could provide further insights into the company's financial health and market performance. Remember to use coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro, where you can access a total of 16 additional tips for a comprehensive investment analysis.
https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747
The writing is on the wall. $NRDE to win largest lawsuit ever recorded. Insiders prepare for massive growth.
This article, as you have agreed, is false, the revenue trajectory is down. Look at revenue Q3 and Q4. You haven't done your research, and neither has the writers to this article. Repeating a false article time and again doesn't make it true. Q1 2024 revenue will also be zero. This is a shell, you do realize that? They aren't making any cars, vans, trucks or anything. Fact. You say filings prove what you say, but I read the filings and what you say is false. The only thing that is true here is the the insiders have bought. That's normally good news, but in a shell it's not that significant. Good luck.
It’s seriously not true that NoRide has any interest in the Lordstown plant. You need to read the filings.
Oh…and show where NoRide has acquired or leased any real property since they emerged from bankruptcy.
You can’t…because NoRide did no such thing.
***** Got any pics of NRDE ( PU Ride ) vehicles ? Cuz those dont belong to them -- whoops
ENOUGH SAID
NRDE is gearing up for a major BOOM! Take it for what it's worth. One needs to know the past, present and future to fully understand what is truly going on here. Also, pay attention to local news in Lordstown Ohio. It's seriously looking like LMC/NU Ride Inc. got the plant back and in their possession.
Nu Ride Inc. director acquires over $1.2mn in NRDE stock
Nu Ride Inc. (NASDAQ:NRDE), previously known as Lordstown Motors (OTC:NRDE) Corp., has seen significant purchasing activity from one of its directors, Andrew L. Sole. According to recent filings, Sole has acquired a substantial number of shares valued at over $1.2 million, indicating a strong vote of confidence in the motor vehicle company's future prospects.
Over a series of transactions, Sole purchased a total of 543,566 shares of Nu Ride Inc. common stock. The purchases occurred on three separate dates, with the prices per share ranging from $2.2474 to $2.3023. On March 14, 2024, Sole bought 52,603 shares at $2.2474 each. The following day, he added another 225,000 shares to his holdings, paying $2.3023 per share. The buying spree concluded on March 18, with Sole acquiring 264,963 shares at a price of $2.2987 each.
The total amount spent on these transactions amounted to $1,245,307, reflecting a notable investment by the director into the company. It's worth mentioning that these shares are held indirectly by Esopus Creek Value Series Fund LP - Series A, with Sole's pecuniary interest in the securities being the extent of his ownership claim, as per the footnotes in the filing.
This financial move by a key insider often garners the attention of investors, as it may signal insider beliefs about the company's valuation and future performance. Nu Ride Inc., with its focus on the automotive industry, particularly in the manufacturing of passenger car bodies, is at the forefront of a dynamic and evolving sector.
Investors and market watchers alike will be keeping a close eye on Nu Ride Inc. to see how this insider activity might align with the company's strategic direction and performance in the coming quarters.
InvestingPro Insights
Nu Ride Inc. (NASDAQ:NRDE) has captured the market's attention not only through insider buying activity but also through its intriguing financial metrics and analyst expectations. A key point to note from InvestingPro Tips is that analysts are forecasting sales growth for the current year, which could signal a positive outlook for the company's revenue trajectory. This aligns with the recent insider purchases, potentially indicating a belief in the company's growth potential. Additionally, despite the company's significant revenue growth over the last twelve months, Nu Ride Inc. is not expected to be profitable this year, which investors should consider when evaluating the company's near-term financial health.
Looking at the real-time metrics from InvestingPro, Nu Ride Inc. has a market capitalization of 30.58 million USD, which places it in the smaller spectrum of publicly traded companies. The company's Price to Book ratio as of the last twelve months stands at 2.07, which can offer insights into how the market values the company's net assets. The substantial revenue growth of 1106.19% over the last twelve months is particularly eye-catching, although it's important to reconcile this with the company's gross profit margin of -3812.39%, which indicates challenges in maintaining profitability.
For those interested in a deeper dive into Nu Ride Inc., there are additional InvestingPro Tips available that could provide further insights into the company's financial health and market performance. Remember to use coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro, where you can access a total of 16 additional tips for a comprehensive investment analysis.
https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747
The writing is on the wall. $NRDE to win largest lawsuit ever recorded. Insiders prepare for massive growth.
***** Nope I know exactly whats going on with NRDE ( PU Ride ) - nothing ! nada ! zilch - whoops
ENOUGH SAID
Too Bad you seem to be in the Dark about what's really going on. Maybe try reading the court filings. Investigate the new BOD who are all investment bankers all 6 of them. Maybe you will understand and have a clue why LMC was renamed "NU Ride" like "New Ride" as the last ticker was "RIDE" do you get it? New RIDE = NU Ride Inc.
Nu Ride Inc. (NASDAQ:NRDE), previously known as Lordstown Motors (OTC:NRDE) Corp., has seen significant purchasing activity from one of its directors, Andrew L. Sole. According to recent filings, Sole has acquired a substantial number of shares valued at over $1.2 million, indicating a strong vote of confidence in the motor vehicle company's future prospects.
Over a series of transactions, Sole purchased a total of 543,566 shares of Nu Ride Inc. common stock. The purchases occurred on three separate dates, with the prices per share ranging from $2.2474 to $2.3023. On March 14, 2024, Sole bought 52,603 shares at $2.2474 each. The following day, he added another 225,000 shares to his holdings, paying $2.3023 per share. The buying spree concluded on March 18, with Sole acquiring 264,963 shares at a price of $2.2987 each.
The total amount spent on these transactions amounted to $1,245,307, reflecting a notable investment by the director into the company. It's worth mentioning that these shares are held indirectly by Esopus Creek Value Series Fund LP - Series A, with Sole's pecuniary interest in the securities being the extent of his ownership claim, as per the footnotes in the filing.
This financial move by a key insider often garners the attention of investors, as it may signal insider beliefs about the company's valuation and future performance. Nu Ride Inc., with its focus on the automotive industry, particularly in the manufacturing of passenger car bodies, is at the forefront of a dynamic and evolving sector.
Investors and market watchers alike will be keeping a close eye on Nu Ride Inc. to see how this insider activity might align with the company's strategic direction and performance in the coming quarters.
https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747
Going to be a multi billion dollar shell with five new seasoned Investment bankers for a BOD
The last to laugh, laughs loudest.
***** LOL ! From one shell company / name to the new one NRDE ( PU Ride ) - whoops
ENOUGH SAID
Nu Ride Inc. (NASDAQ:NRDE), previously known as Lordstown Motors (OTC:NRDE) Corp., has seen significant purchasing activity from one of its directors, Andrew L. Sole. According to recent filings, Sole has acquired a substantial number of shares valued at over $1.2 million, indicating a strong vote of confidence in the motor vehicle company's future prospects.
Over a series of transactions, Sole purchased a total of 543,566 shares of Nu Ride Inc. common stock. The purchases occurred on three separate dates, with the prices per share ranging from $2.2474 to $2.3023. On March 14, 2024, Sole bought 52,603 shares at $2.2474 each. The following day, he added another 225,000 shares to his holdings, paying $2.3023 per share. The buying spree concluded on March 18, with Sole acquiring 264,963 shares at a price of $2.2987 each.
The total amount spent on these transactions amounted to $1,245,307, reflecting a notable investment by the director into the company. It's worth mentioning that these shares are held indirectly by Esopus Creek Value Series Fund LP - Series A, with Sole's pecuniary interest in the securities being the extent of his ownership claim, as per the footnotes in the filing.
This financial move by a key insider often garners the attention of investors, as it may signal insider beliefs about the company's valuation and future performance. Nu Ride Inc., with its focus on the automotive industry, particularly in the manufacturing of passenger car bodies, is at the forefront of a dynamic and evolving sector.
Investors and market watchers alike will be keeping a close eye on Nu Ride Inc. to see how this insider activity might align with the company's strategic direction and performance in the coming quarters.
https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747
Okay, if this stupid article is excellent, then tell me what the revenue increase was between Q2 and Q3 in 2023. Then tell me about the revenue increase between Q2 and Q4 in 2023. I know the answer, do you? If you can't answer, then your answer was totally wrong. This isn't a matter of opinion. This is about facts. I again stand by my opinion. BTW, I am not disputing the director acquiring stock, that's old news but also true. That too is a fact.
***** Still nothing of substance related to NRDE ( PU Ride ) no vehicles no nada - squat - whoops
ENOUGH SAID
Yes, Director Sole bought 700,000 shares between $2.247 and $2.302
Over a series of transactions, Sole purchased a total of 543,566 shares of Nu Ride Inc. common stock. The purchases occurred on three separate dates, with the prices per share ranging from $2.2474 to $2.3023. On March 14, 2024, Sole bought 52,603 shares at $2.2474 each. The following day, he added another 225,000 shares to his holdings, paying $2.3023 per share. The buying spree concluded on March 18, with Sole acquiring 264,963 shares at a price of $2.2987 each.
The total amount spent on these transactions amounted to $1,245,307, reflecting a notable investment by the director into the company. It's worth mentioning that these shares are held indirectly by Esopus Creek Value Series Fund LP - Series A, with Sole's pecuniary interest in the securities being the extent of his ownership claim, as per the footnotes in the filing
.https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747
Ah, the myth of the paid basher. LOL.
Short Central Banks Terrified, Insolvent and hiring bashers across the market.
***** BUYER BEWARE !!! These picture have absolutely nothing to do with NRDE ( PU ride )
ENOUGH SAID
Nu Ride Inc. director acquires over $1.2m in company stock
Nu Ride Inc. (NASDAQ:NRDE), previously known as Lordstown Motors (OTC:NRDE) Corp., has seen significant purchasing activity from one of its directors, Andrew L. Sole. According to recent filings, Sole has acquired a substantial number of shares valued at over $1.2 million, indicating a strong vote of confidence in the motor vehicle company's future prospects.
Over a series of transactions, Sole purchased a total of 543,566 shares of Nu Ride Inc. common stock. The purchases occurred on three separate dates, with the prices per share ranging from $2.2474 to $2.3023. On March 14, 2024, Sole bought 52,603 shares at $2.2474 each. The following day, he added another 225,000 shares to his holdings, paying $2.3023 per share. The buying spree concluded on March 18, with Sole acquiring 264,963 shares at a price of $2.2987 each.
The total amount spent on these transactions amounted to $1,245,307, reflecting a notable investment by the director into the company. It's worth mentioning that these shares are held indirectly by Esopus Creek Value Series Fund LP - Series A, with Sole's pecuniary interest in the securities being the extent of his ownership claim, as per the footnotes in the filing.
This financial move by a key insider often garners the attention of investors, as it may signal insider beliefs about the company's valuation and future performance. Nu Ride Inc., with its focus on the automotive industry, particularly in the manufacturing of passenger car bodies, is at the forefront of a dynamic and evolving sector.
Investors and market watchers alike will be keeping a close eye on Nu Ride Inc. to see how this insider activity might align with the company's strategic direction and performance in the coming quarters.
InvestingPro Insights
Nu Ride Inc. (NASDAQ:NRDE) has captured the market's attention not only through insider buying activity but also through its intriguing financial metrics and analyst expectations. A key point to note from InvestingPro Tips is that analysts are forecasting sales growth for the current year, which could signal a positive outlook for the company's revenue trajectory. This aligns with the recent insider purchases, potentially indicating a belief in the company's growth potential. Additionally, despite the company's significant revenue growth over the last twelve months, Nu Ride Inc. is not expected to be profitable this year, which investors should consider when evaluating the company's near-term financial health.
Looking at the real-time metrics from InvestingPro, Nu Ride Inc. has a market capitalization of 30.58 million USD, which places it in the smaller spectrum of publicly traded companies. The company's Price to Book ratio as of the last twelve months stands at 2.07, which can offer insights into how the market values the company's net assets. The substantial revenue growth of 1106.19% over the last twelve months is particularly eye-catching, although it's important to reconcile this with the company's gross profit margin of -3812.39%, which indicates challenges in maintaining profitability.
For those interested in a deeper dive into Nu Ride Inc., there are additional InvestingPro Tips available that could provide further insights into the company's financial health and market performance. Remember to use coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro, where you can access a total of 16 additional tips for a comprehensive investment analysis.
https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747
The writing is on the wall. $NRDE to win largest lawsuit ever recorded. Insiders prepare for massive growth.
https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747
Foxconn aka Hon Hai Technology Group soon to lose Largest Lawsuit in stock market history against NU Ride Inc. formerly known as Lordsown Motors
***** Meaningless !! got any pictures of NRDE ( PU Ride ) vehicles ? cuz theses pictures dont belong to them - whoops
ENOUGH SAID
I appreciate your diligence in endlessly repeating old news here. This is old "news" and has little value. It really isn't news. A like on a social media/employment website isn't really news.
Now this above link removal is absolute proof that information is being kept from the public.
Random images of vehicles that have nothing to do with NoRide. Same sh_t, different day.
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 unless the plant is being returned to LMC/NU Ride Inc.
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
There is no news that indicates NuRide is anything but a shell with no revenue. So, on this point, I have to agree with you. Foxconn still owns the plant and is using it. That information is available for those who do the research. I'm not sure what local news he or she is talking about.
I stand by my statement. You are clearly wrong. I read the filings, I don't know what you read. Foxconn is using the factory to make electric vehicles. Do some research for a change. SMH. Hint: I agree they aren't making anything for Fisker.
NoRide has nothing to do with the Lordstown plant. NoRide rejected the lease in their bankruptcy process. Whatever you are looking at in Lordstown that gives you any idea that NoRide has possession of the plant is a clear indication to lay off the ayahuasca.
Excelent article, all about the truth. Like me!
This is gearing up for a major BOOM! Take it for what it's worth. One needs to know the past, present and future to fully understand what is truly going on here. Also, pay attention to local news in Lordstown Ohio. It's seriously looking like LMC/NU Ride Inc. got the plant back and in their possession.
Nu Ride Inc. director acquires over $1.2mn in NRDE stock
Nu Ride Inc. (NASDAQ:NRDE), previously known as Lordstown Motors (OTC:NRDE) Corp., has seen significant purchasing activity from one of its directors, Andrew L. Sole. According to recent filings, Sole has acquired a substantial number of shares valued at over $1.2 million, indicating a strong vote of confidence in the motor vehicle company's future prospects.
Over a series of transactions, Sole purchased a total of 543,566 shares of Nu Ride Inc. common stock. The purchases occurred on three separate dates, with the prices per share ranging from $2.2474 to $2.3023. On March 14, 2024, Sole bought 52,603 shares at $2.2474 each. The following day, he added another 225,000 shares to his holdings, paying $2.3023 per share. The buying spree concluded on March 18, with Sole acquiring 264,963 shares at a price of $2.2987 each.
The total amount spent on these transactions amounted to $1,245,307, reflecting a notable investment by the director into the company. It's worth mentioning that these shares are held indirectly by Esopus Creek Value Series Fund LP - Series A, with Sole's pecuniary interest in the securities being the extent of his ownership claim, as per the footnotes in the filing.
This financial move by a key insider often garners the attention of investors, as it may signal insider beliefs about the company's valuation and future performance. Nu Ride Inc., with its focus on the automotive industry, particularly in the manufacturing of passenger car bodies, is at the forefront of a dynamic and evolving sector.
Investors and market watchers alike will be keeping a close eye on Nu Ride Inc. to see how this insider activity might align with the company's strategic direction and performance in the coming quarters.
InvestingPro Insights
Nu Ride Inc. (NASDAQ:NRDE) has captured the market's attention not only through insider buying activity but also through its intriguing financial metrics and analyst expectations. A key point to note from InvestingPro Tips is that analysts are forecasting sales growth for the current year, which could signal a positive outlook for the company's revenue trajectory. This aligns with the recent insider purchases, potentially indicating a belief in the company's growth potential. Additionally, despite the company's significant revenue growth over the last twelve months, Nu Ride Inc. is not expected to be profitable this year, which investors should consider when evaluating the company's near-term financial health.
Looking at the real-time metrics from InvestingPro, Nu Ride Inc. has a market capitalization of 30.58 million USD, which places it in the smaller spectrum of publicly traded companies. The company's Price to Book ratio as of the last twelve months stands at 2.07, which can offer insights into how the market values the company's net assets. The substantial revenue growth of 1106.19% over the last twelve months is particularly eye-catching, although it's important to reconcile this with the company's gross profit margin of -3812.39%, which indicates challenges in maintaining profitability.
For those interested in a deeper dive into Nu Ride Inc., there are additional InvestingPro Tips available that could provide further insights into the company's financial health and market performance. Remember to use coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro, where you can access a total of 16 additional tips for a comprehensive investment analysis.
https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747
The writing is on the wall. $NRDE to win largest lawsuit ever recorded. Insiders prepare for massive growth.
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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