is...(Never argue with fools. They will drag you down to their level and beat you with experience.)
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Boogeyman Bankers insolvent and going defunct. 900 bankers removed and suffering. Short Squeeze Imminent.
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Lordstown successor emerges with Foxconn suit plan, tax breaks in hand
Nearly nine months after filing Chapter 11 papers, Lordstown Motors Corp. has re-emerged as Nu Ride Inc. with cash in the bank and a primary purpose of settling its litigation against contract manufacturing giant Foxconn, which in 2022 bought Lordstown’s factory and pledged more financial support before backing out.
Lordstown had taken over the former General Motors Corp. plant in its namesake Ohio town to build the Endurance pick-up truck—for which it claimed more than 100,000 pre-orders in early 2021. However, procurement and manufacturing problems led to delays and a massive cash crunch that even the $230 million factory sale to Foxconn's parent company, Hon Hai Technology Group, could only temporarily relieve. Foxconn later promised a $170 million direct investment in Lordstown, but the company’s leaders retreated when Lordstown's shares faced delisting in early 2023.
FleetOwner archives: Lordstown Motors, eyeing a comeback, calls on Joe Burrow
That essentially doomed Lordstown’s prospects. In May 2023, its executives sued Foxconn, claiming the latter had struck the companies’ deal in bad faith to force a Lordstown bankruptcy that would allow Foxconn to acquire its assets cheaply. Last September, three months after Lordstown had filed for protection from its creditors, former CEO Steve Burns acquired the bulk of its assets for his new venture, LandX.
Present-day Nu Ride has roughly $78 million in cash on hand, a new board of directors, and its most valuable assets: nearly $1 billion in federal net operating losses plus another $880 million in state net operating losses. Those losses can be carried forward and used to offset net income in future years, either from Nu Ride itself or—with some careful planning—a profitable company with which it merges for what tax regulators consider a legitimate business purpose.
Restructuring veteran William Gallagher is in line to step up as president and CEO of Nu Ride. Since 2009, Gallagher has helped restructure the former GMAC Commercial Mortgage and led the successor company to Washington Mutual when it emerged from its implosion with roughly $6 billion in NOL carryforwards. The latter entity merged in mid-2018 with Nationstar Mortgage Holdings; the combined company now goes by Mr. Cooper Group Inc. and is still whittling down the NOLs. "COOP now trades for $90 pps"
On their website, Nu Ride’s leaders say one of their goals is to “identify, evaluate, and pursue one or more potential business combinations or acquisitions.” How long that might take is anybody’s guess. Until then, you can find the company’s shares on the OTC Pink Market under the ticker NRDE.
https://www.fleetowner.com/emissions-efficiency/article/55000359/nu-ride-inc-a-new-beginning-for-foxconn-and-lordstown-motors
Filings indicate that "Legacy Lordstown Motors" became a subsidiary of newly formed NU Ride Inc. NRDE
Legacy Lordstown Motors had plans for an Electric Van and RV for Camping World.
https://www.foxnews.com/auto/electric-rv-camping-world-lordstown-motors
Stop lying, YOU said BK and now Streeterville saved the day after being Schooled with the truth that I posted.
You post nothing but bullshit with a made up narrative to suit.
Please Stop lying.
Wall Street, Seized by the Govt. last August. EO #13818
Everything is fake! The entire market has been compromised. We are seeing the soft landing. 900 Central Bankers have been arrested and taken to Cuba to stand trial. This is why we are seeing CEO's being replaced all across the board and banks being closed everywhere.across Earth. The Globalists lost and have been being dismantled and are being restructured.
I was going to buy in a year ago after CS buy out but when I took a deep dive into the Rothschild Central Banks and Rockefeller's even Whallbergs and Duponts, I knew then, it was over.
All of them from StateStreet, Vanguard even Blackrock and more, fraudulently pump, Manipulated Earnings.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172634397
They're insolvent. All Central Banks cooking the books. 900 Bankers have been arrested with more to follow. It's over for this scam bank. They only bought out CS to hide evidence of trafficking and delete their trail.
From Blackrock on down. Guilty as charged.
Exactly, The bashing desperation is deafening. Extremely Terrified is the way I see it.
DALLAS, TX, Sept. 17, 2024 (GLOBE NEWSWIRE) -- NaturalShrimp, Inc. (OTCQB: SHMP) (the “Company” or “NSI”), a Biotechnology Aquaculture Company that has developed and patented the first seafood-focused commercially operational RAS (Recirculating Aquaculture System), today announced that, despite recent litigation, it has entered into discussions with Streeterville Capital, LLC (“Streeterville”) to resolve current issues, including the litigation, and to continue growing and expanding the production of the Company’s sushi grade shrimp.
Notwithstanding the litigation in Utah, the principals of both the Company and Streeterville seek a resolution that works for both companies. In this respect, prior to the filing of the lawsuit, representatives of Streeterville toured the Company’s Webster City Facilities in Iowa and were impressed enough by the technology and the work of the Company’s employees that Streeterville agreed to and did enter into a Line of Credit Agreement totaling up to $500,000. Since the initial funding under the Line of Credit, Streeterville has continued to advance funds to NaturalShrimp to cover operational costs.
Rather than shutting down its operations in response to the litigation or seeking protection under U.S. Bankruptcy Laws, Gerald Easterling stated that a better alternative is to continue seeking an amenable solution with Streeterville. Over the long term, the Company seeks to increase its production, grow its shrimp and expand its operations and ultimately uplist to a national exchange.
https://markets.businessinsider.com/news/stocks/naturalshrimp-inc-continues-production-despite-setbacks-1033778435
They're sold easily and shipped to happy customers who want fresh unpolluted product.
The demand is there with no complaints. Testimonies are loving the product.
If you don't like fresh product, there's frozen at the store from polluted waters in China that retails for $15 a pound. So 17.60 per pound that's pure and non toxic isn't such a bad idea after all really.
With plenty of room with 1.4B Authorized. No worries.
I don't see it like that. My entry is much lower than the pps.
Issued and outstanding are under control and we're ready to roll.
https://www.otcmarkets.com/stock/SHMP/security
Production Revenue is rolling in, that's what's important. Pre-orders can now be taken, for online sales where all logistics are in place and functioning for door service, shipped fresh customers. The old man got it going on.
People who read the update, that's who.
I posted it already.
Cooking the books won't work any longer. Deutsche Bank is finished.
Deutsche Bank reaches settlements with a large share of the plaintiffs in Postbank takeover litigation matter
https://www.db.com/news/detail/20240821-deutsche-bank-reaches-settlements-with-a-large-share-of-the-plaintiffs-in-postbank-takeover-litigation-matter?language_id=1
Copper, Nickel, Silver coming.
DALLAS, TX, Sept. 17, 2024 (GLOBE NEWSWIRE) -- NaturalShrimp, Inc. (OTCQB: SHMP) (the “Company” or “NSI”), a Biotechnology Aquaculture Company that has developed and patented the first seafood-focused commercially operational RAS (Recirculating Aquaculture System), today announced that, despite recent litigation, it has entered into discussions with Streeterville Capital, LLC (“Streeterville”) to resolve current issues, including the litigation, and to continue growing and expanding the production of the Company’s sushi grade shrimp.
Notwithstanding the litigation in Utah, the principals of both the Company and Streeterville seek a resolution that works for both companies. In this respect, prior to the filing of the lawsuit, representatives of Streeterville toured the Company’s Webster City Facilities in Iowa and were impressed enough by the technology and the work of the Company’s employees that Streeterville agreed to and did enter into a Line of Credit Agreement totaling up to $500,000. Since the initial funding under the Line of Credit, Streeterville has continued to advance funds to NaturalShrimp to cover operational costs.
Rather than shutting down its operations in response to the litigation or seeking protection under U.S. Bankruptcy Laws, Gerald Easterling stated that a better alternative is to continue seeking an amenable solution with Streeterville. Over the long term, the Company seeks to increase its production, grow its shrimp and expand its operations and ultimately uplist to a national exchange.
About Natural Shrimp
Natural Shrimp, Incorporated is a publicly traded aquaculture Company, headquartered in Dallas, with production facilities located near San Antonio, Texas, and Webster City, Iowa. The Company has developed the first commercially viable system for growing shrimp in enclosed salt-water systems using patented technology to produce fresh, naturally grown shrimp, without the use of antibiotics or toxic chemicals. Natural Shrimp systems can be located anywhere in the world to produce gourmet-grade Pacific white shrimp. For more information visit http://www.naturalshrimp.com.
NaturalShrimp, Inc. Continues Production Despite Setbacks
DALLAS, TX, Sept. 17, 2024 (GLOBE NEWSWIRE) -- NaturalShrimp, Inc. (OTCQB: SHMP) (the “Company” or “NSI”), a Biotechnology Aquaculture Company that has developed and patented the first seafood-focused commercially operational RAS (Recirculating Aquaculture System), today announced that, despite recent litigation, it has entered into discussions with Streeterville Capital, LLC (“Streeterville”) to resolve current issues, including the litigation, and to continue growing and expanding the production of the Company’s sushi grade shrimp.
Notwithstanding the litigation in Utah, the principals of both the Company and Streeterville seek a resolution that works for both companies. In this respect, prior to the filing of the lawsuit, representatives of Streeterville toured the Company’s Webster City Facilities in Iowa and were impressed enough by the technology and the work of the Company’s employees that Streeterville agreed to and did enter into a Line of Credit Agreement totaling up to $500,000. Since the initial funding under the Line of Credit, Streeterville has continued to advance funds to NaturalShrimp to cover operational costs.
Rather than shutting down its operations in response to the litigation or seeking protection under U.S. Bankruptcy Laws, Gerald Easterling stated that a better alternative is to continue seeking an amenable solution with Streeterville. Over the long term, the Company seeks to increase its production, grow its shrimp and expand its operations and ultimately uplist to a national exchange.
https://finance.yahoo.com/news/naturalshrimp-inc-continues-production-despite-190000797.html
Michery buried Death Row Records, his upcoming star Nate Dawg and stuck Nate's mom with the funeral cost.
Now he assembles Junk from China and titles himself a manufacturer?
Something here stinks to High Heaven.
AMC - HYMC Short Squeeze Imminent !
AMC - HYMC Short Squeeze Imminent !
The Dip before the Rip. It's starting!
That is ancient from MAY 17, 2017 LoL SMH
This will get caught up to current news and what's going on.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175094334
No shit, Shorts are Terrified of the Truth. Terrified!
AMC, Hycroft Underground Mine and would be restart, per filing April 3
Just like I have posted.
WINNEMUCCA, NV, April 3, 2024 – Hycroft Mining Holding Corporation (Nasdaq: HYMC) (“Hycroft” or “the Company”) is pleased to provide an
update for the ongoing 2024 exploration drill program.
The 2024 Brimstone and Vortex drilling is well underway with assays pending on the initial drill holes. This 10-hole program, launched in February 2024, is
targeting the two high-grade underground silver trends discovered in November 2023 (see news release dated November 16, 2023 “Hycroft Drills Best Hole
Ever - Discovers New High-Grade Silver System”). Due to the exciting results achieved, this drill program was launched in February 2024 and will continue
through May 2024 with flexibility to expand the program. The drilling is targeting confirmation of the continuity of the high-grade silver mineralization
between the Vortex-Brimstone trend and the Vortex-Camel trend, expanding both trends along strike and at depth, and enhancing our understanding of
structural controls.
Alex Davidson, Vice President, Exploration, commented “The paradigm is shifting with our understanding of what is controlling the high-grade mineralization
within the expansive Hycroft system. This new understanding of low-angle structural controls has far-reaching implications for the broader district-scale
targets, as well as the high-grade silver discoveries. This has been confirmed through drill data and recent geophysics. This work supports the idea of a
potential underground starter mine at Hycroft, which would contribute to more robust economics and lower initial capital costs generating better value for our
shareholders.”
Mr. Davidson also commented: “The Vortex-Brimstone trend is a series of well-defined high-grade veins that remains open in both directions and at depth. The
Vortex-Camel trend is a structurally controlled system that has become more apparent as we continue our work that also remains open in both directions and at
depth.”
Diane R. Garrett, President and CEO stated: “The exploration and on-going technical work at Hycroft is solidifying our belief that the potential of this asset has
yet to be fully understood. Through our work and on-going communications and marketing to the investing public, our story is resonating positively and we are
pleased to see that reflected in the recent performance of our share price.
“Not only does our team continue to deliver incredibly strong exploration results, fueling this project forward, but they also continue to demonstrate a
commitment to health and safety at site continuing to maintain a 0.00 TRIFR
HYMC, Next Target, The Moon!
https://www.otcmarkets.com/filing/conv_pdf?id=17425150&guid=p9Q-kn8hn_NeJth
Underground Mine and would be restart, per filing April 3
Just like I have posted.
WINNEMUCCA, NV, April 3, 2024 – Hycroft Mining Holding Corporation (Nasdaq: HYMC) (“Hycroft” or “the Company”) is pleased to provide an
update for the ongoing 2024 exploration drill program.
The 2024 Brimstone and Vortex drilling is well underway with assays pending on the initial drill holes. This 10-hole program, launched in February 2024, is
targeting the two high-grade underground silver trends discovered in November 2023 (see news release dated November 16, 2023 “Hycroft Drills Best Hole
Ever - Discovers New High-Grade Silver System”). Due to the exciting results achieved, this drill program was launched in February 2024 and will continue
through May 2024 with flexibility to expand the program. The drilling is targeting confirmation of the continuity of the high-grade silver mineralization
between the Vortex-Brimstone trend and the Vortex-Camel trend, expanding both trends along strike and at depth, and enhancing our understanding of
structural controls.
Alex Davidson, Vice President, Exploration, commented “The paradigm is shifting with our understanding of what is controlling the high-grade mineralization
within the expansive Hycroft system. This new understanding of low-angle structural controls has far-reaching implications for the broader district-scale
targets, as well as the high-grade silver discoveries. This has been confirmed through drill data and recent geophysics. This work supports the idea of a
potential underground starter mine at Hycroft, which would contribute to more robust economics and lower initial capital costs generating better value for our
shareholders.”
Mr. Davidson also commented: “The Vortex-Brimstone trend is a series of well-defined high-grade veins that remains open in both directions and at depth. The
Vortex-Camel trend is a structurally controlled system that has become more apparent as we continue our work that also remains open in both directions and at
depth.”
Diane R. Garrett, President and CEO stated: “The exploration and on-going technical work at Hycroft is solidifying our belief that the potential of this asset has
yet to be fully understood. Through our work and on-going communications and marketing to the investing public, our story is resonating positively and we are
pleased to see that reflected in the recent performance of our share price.
“Not only does our team continue to deliver incredibly strong exploration results, fueling this project forward, but they also continue to demonstrate a
commitment to health and safety at site continuing to maintain a 0.00 TRIFR
HYMC, Next Target, The Moon!
https://www.otcmarkets.com/filing/conv_pdf?id=17425150&guid=p9Q-kn8hn_NeJth
Right on, those in the know, Know!
Video is 12 minutes and excellent. SF
Ready to slingshot to paradise. It's imminent.
$NRDE- NU RIDE~ Multiple Opportunities for Strong Gains/ Debuted March '24 🧙♂️Zidar On Top & Hot🔥
SF is not plural. LoL SMH