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Good grief, do you make everything up?
1) Nu Ride isn't becoming a conglomerate. There is nothing to support that at this time. This trades at around $1.70 and is a shell. Fact. This doesn't mean that it won't do what COOP did, but nothing has happened here of note.
2) I think you are wrong about the plant. It was purchased and paid for according to the company (check NRDE's filings). If they claim it wasn't paid for, then they are lying. It never belonged to the shareholders, but the company in the first place, but I understand what you are saying.
3) Nu Ride is now debt free. True. I agree.
4) They have cash. True. I agree.
5) They have never had a strong manufacturing base. I don't know what you are talking about. They only made less than 100 cars, based on my reading.
6) Your MSN article is just wrong and not journalism at all. There are no plans to continue to work on the Endurance, as they don't even own it. What makes you think this is a good link?
7) What does Trump have to do with this? That was multiple years ago before the company failed. There is no other conclusion than they failed.
8) While I don't think they will win billions (there isn't that kind of damage to the company), I think they will get substantial cash.
Do better research, or do actual research for a change.
That picture of the car isn't even one that then Lordstown was involved in. That's just a generic picture of a now defunct electric vehicle which isn't being made by anyone. Good grief.
Okay, I do understand the hope you have for the company, given the success of COOP. COOP isn't a car company either, so it's a completely different industry. I didn't see any car guys on the board for NRDE, so where do you think they have all this EV experience? Nevertheless, they did manage COOP well, at least well enough for the stock price to go to $90. That is certainly reasonable.
Recently means March 18. Andrew Sole hasn't bought anything since. What's your point?
Read the 10-Q. It's in black and white. SMH.
However, your text does prove my point, except that I was wrong on $230 million, and your text says $260. In any event, the SEC filings say they were paid. The APA was closed. QED.
Look at the 10-Q I showed you. The company says otherwise. You are distorting the truth.
If you read the form, which you either didn't or you misunderstood you would know that I am right. Do your research.
https://www.sec.gov/Archives/edgar/data/1759546/000095017024060755/xslF345X05/ownership.xml This is a later form.
Or the same form from OTC MArkets:
https://www.otcmarkets.com/filing/html?id=17547098&guid=8EO-kWAhsswfJth
Look at the one filed on May 13, and then look at column 5. You are adding the column, which is exactly the wrong thing to do. You are the one who is either unintentionally or intentionally distorting the truth.
Andrew Sole owns less than 753 thousand shares, both direct and direct. 700,000 bought, and the others not bought but part of the stock compensation plan.
The $170 Million was not for the plant, it was the joint venture investment agreement.
https://www.sec.gov/Archives/edgar/data/1759546/000110465922115456/tm2229871d1_8k.htm
https://www.sec.gov/Archives/edgar/data/1759546/000155837023002862/ride-20221231x10k.htm
https://investor.lordstownmotors.com/news-releases/news-release-details/lordstown-motors-and-foxconn-broaden-strategic-partnership
Okay, what was the $230 million for?
The Andrew Sole point you make doesn't even help your point on this particular issue. It's a separate issue. The company doesn't do anything now, so he's buying on the hope that they can get something done and actually do something. It could be a REIT, banking, a food truck franchise, almost anything. Nu Ride doesn't have to be an EV company again, and it isn't now, though it is a future possibility.
I deal with facts, you seem to deal with opinion and feelings. There's a difference. Show me in the 8-K where the $170 for preferred shares, and Foxconn did pay 2/3 of it, if I remember correctly. That $170 deal wasn't a secret.
Did Foxconn pay for the plant?
The purchase price for the Lordstown facility consisted of $230 million and a reimbursement payment for certain operating and expansion costs incurred by Lordstown EV from September 1, 2021 until the APA Closing. Foxconn made down payments of the purchase price totaling $200 million through April 15, 2022, of which $100 million was received during the nine months ended September 30, 2022. The $30 million balance of the purchase price and a reimbursement payment of approximately $27.5 million were paid at the APA Closing; $17.5 million was attributable to the reimbursement of certain operating expenses reported in research and development and $10 million was attributable to expansion costs. Under the terms of the APA, the $17.5 million reimbursement costs were an estimate which was subsequently increased to $18.4 million as of September 30, 2022.
The above quote is from RIDE/NRDE September 30, 2022 10-Q. However, Nuride (then Lordstown) admits to being paid the full purchase price for the plant. The APA is complete. What am I missing?
Your question and comment has to do with the 2nd investment agreement, and I'm not tracing that one through the system right now. How much did Foxconn pay? It seems they didn't pay that whole amount, but they paid much of it. The investment agreement wasn't for the plant. Additionally, to your point, the Lordstown owned some of the equipment in the plant, which might be what you are thinking about. During the bankruptcy asset sale, if they sold that to LandX, that claim becomes moot, as if Foxconn didn't pay for that equipment, they have no rights to it at all, unless they made a down payment on that equipment. The $170 million was an investment agreement and is a different animal. So, as I said 2 years ago, the plant Foxconn owns without a doubt, but the investment agreement is one that Foxconn claims that then Lordstown defaulted on with the delisting notice. That's up to interpretation, and isn't fraud, as near as I can tell. Nu Ride will not, therefore, get the plant back. Make no mistake about it. However, I do agree that Nu Ride will get cash from the lawsuit in all probability.
Like I said, I looked through the plan and didn't find anything to support your claim. This is not a car company, why would they need the plant anyway? I've proven my case, you haven't even tried to prove your case. I quoted the $230 million payment for the plan, and you just say nothing. Show me where, or I will simply presume you are making this stuff up. First day motions never said that Lordstown owned the plant, mostly because they didn't. Read the filings. I even quoted them for you. SMH.
Okay, I've looked through it. You are still wrong.
Let's start with the last thing. Director Sole proves nothing. Maybe he's an insider idiot who buys even though he knows the company is trash. Even if he knew there was news coming that would be good for the company, say a $100 million investment, that doesn't prove it's from the Foxconn suit. So, the Director Sole thing is meaningless on that point. It is meaningful if you are looking to invest in the company as insider buying is considered a good sign.
The plan doesn't change the 10-Q. Lordstown at the time, sold the plant and received $230 million in full for the plant. Done. QED. The approved plan doesn't change that. In fact, it says that Foxconn did actually pay part of the investment deal, because they have the stock from the deal which the court reinstated. So, this plan document kind of disproves your point.
Yeah, I don't think the first day motions even hint at that, based on what I've looked at. Maybe he can give us a docket number and we can figure out why he is saying what he says, presuming he isn't just parroting some other baseless claim (a claim by the company that they didn't pay for the plant in their initial court filing doesn't prove their case). I think I've laid out my case, I'm hoping he has some quote in an SEC filing that he can base his/her claim on. I think he/she and the company are both confusing the joint venture with the APA in 2022.
Based on the 10-Q I quoted from, I would say that you are wrong. They sold it for $230 million. I do realize that the company, I think, has made the claim you speak of, but it appears to be wrong. Maybe the company is lying, which is possible, given the history of fraud by Lordstown. However, it might just be that their accountants aren't that smart and confusing the APA with the investment deal, or joint venture. With this 10-Q, unless you have a statement proving otherwise on an SEC filing, then I would say you are wrong without any shadow of doubt. Show me the quote that LMC remained in control of the plant along with the docket number. From the 10-Q, LMC still owned some equipment in the plant, which they have now sold to LandX (unless it was disposed of earlier, they didn't keep the equipment). So, having operations (or former operations) in the plant is not the same thing as control of the plant.
Note 1 of the September 2022 10-Q says that the plant is Foxconn's.
Note 4 of the September 2022 10-Q says they owned equipment in the plant, but did not own the plant or the land. They listed items under construction too, but this is what they said of that:
Did Foxconn pay for the plant?
So what? Really, why post old news? Why reuse an old post of yours?
Andrew Sole bought in March. It's July, and he hasn't bought since. Yes, that's still good news. While I wouldn't say it's necessarily buying large, it is in line with purchases by directors of many other small to large companies (though I didn't do an exhaustive search). So, while it is good news, it's old news.
I agree about William Gallagher's experience, as he did good things with COOP, though NRDE isn't COOP.
I'm not sure why you keep including pictures of cars in your posts, because NRDE isn't a car company, neither selling nor manufacturing (parts or assembling whole vehicles). It's possible they would produce that in the future, but Mr. Gallagher doesn't seem to have experience in that business, so I might expect him to take NRDE in a different direction. That may still be good news for the investor, or it may not be. Just because he worked wonders in COOP, doesn't mean he will have the same result here, though it's reasonable to hope that here. That is, thinking Mr. Gallagher will do something similar isn't just some idiot pumping, but actually a fairly rational thought process.
I still disagree about the Foxconn suit, as clearly the old Lordstown company made some stupid decisions if your interpretation of the facts is correct. The first deal to sell the plant, you claim they didn't pay. (I think they did looking at the filings, but we'll just assume you are right.) Given that they, Foxconn, didn't pay in their first deal, Lordstown thought it was a brilliant move to make a second agreement with the company (Foxconn) that didn't pay them the first time, and now that they didn't pay, then expect Foxconn to pay up as they've shown themselves to be trustworthy in the first deal. You see where I am going. If they didn't pay in the first deal, then for the second deal, the blame goes 100% to Lordstown. Why would they expect payment in the second deal if they didn't follow through with the deal for the plant? It's like selling a car to your friend John, and he doesn't pay you for the car, and you sell him a second car and he doesn't pay you for that either. Yes, John is a terrible person, but you selling the second car to him makes you a bad business person as well. So, on that basis, either Lordstown's/Nu Ride's suit with Foxconn is frivolous, given they knew they shouldn't make the second deal given their failure with the first, or Foxconn actually paid for the plant and there was simply a difference in interpretation of the second deal (the delisting notice vs. actual delisting). I think the latter is more likely, that the plant belongs to Foxconn (the SEC documents filed by Lordstown at the time do seem to show payment and closing of the deal). I also think that the latter scenario is quite possibly a winning formular for Nu Ride in terms of cash, though not billions as that isn't fraud or a conspiracy to bankrupt Lordstown, which I don't think at all is true, that's just sour grapes. It's just air written on the court documents as an accusation in the lawsuit, but I don't think they made their case in the suit in the initial filing. Still, that's a win of $70 million to $200 million, which is great for Nu Ride, for whatever business they choose to enter. It won't be LandX, that's for sure, unless they wait another year or two, in which case the proper response is to sell NRDE stock, take the loss, and then come back and buy when a merger with LandX is possible, which if I read the plea agreement properly, means another year and a half, more or less.
I do think the most likely outcome is for this to NOT be an EV company again, but to be something else, perhaps something in the financial services industry, which is where Mr. Gallagher's experience is. That could be better news than trying to compete in the crowded EV market where more powerful players already have a foothold. Yes, I know that the EV market will only grow, but the competitors have deep pockets. You appear to be overly optimistic with your "billions" outcome hope and shaking Wall Street with big news. It won't be that big, though it may be great for Nu Ride. Nu Ride can also lose, if the judge buys Foxconn's argument. Yes, Nu Ride has good lawyers, but Foxconn has lawyers too, and they have deeper pockets. That last I heard, they haven't ruled on the motion to dismiss yet, so I think they are still negotiating a settlement. That result is most likely, a negotiated settlement. A win, as that will bring cash to NuRide for whatever they want to do.
LandX will not register a stock symbol. Not sure why that is even a question.
Do you mean the upcoming Omnibus hearing, or something else? If it's the Omnibus hearing, then nothing will be discussed about the Foxconn suit.
I'm not sure what you mean by an NDA. If it has to do with the asset sale to LandX, that's mostly public except for the trade secret aspect of the deal (that is, the trade secrets haven't become public). If it has to do with intellectual property that Lordstown owned, that NDA must be void at this point given that LandX owns those assets, so it can't be that. That is, Burns is not excluded from that deal since his company bought those assets. If there is some secret agreement with LandX, there will still have to be notification of that deal, even if the details are proprietary or quiet. The SEC receives and publishes on EDGAR redacted agreements all the time. So, if there is an NDA regarding the Endurance, they aren't keeping it a secret from Burns at all. So, your first statement doesn't make any sense. What does Nu Ride have that even needs an NDA? From what I can tell, nothing. They are a shell, no revenue, nor production, no trade secrets, nothing like that. I've looked for evidence of an NDA and have found nothing. Again, if it were part of the severance package when Burns left Lordstown, that is no longer in force as Burns owns that material now. If you are thinking of a non-compete clause, that's obviously not in force as LandX was a competitor to Lordstown, but not to Nu Ride.
I do remember LMC/Nu Ride Inc. does have a lawsuit against Foxconn/Hon Hai Precision Industry Co. Ltd. It is ongoing, and the motion to dismiss has not been acted on. As near as I can tell, the Omnibus hearing coming up has to do with the bankruptcy itself, and looks to be about cleaning up some of the loose ends from the bankruptcy. It has nothing to do with the Foxconn lawsuit. I do expect that the companies are negotiating for a settlement. That I agree with. You mentioned an NDA here, and I disagree with that for sure. That's not to say that the negotiations are public, as they aren't. What is public is that there is a lawsuit and that assumes that settlement conversations may be part of the lawsuit. I don't know how "Soon" this will be settled, but I don't think either company will leave it to the judge to decide. I think somewhere between $70 million and $200 million will be the settlement. It won't be billions.
In the mean time, "Wall Street doesn't know what to do and doesn't want to be trapped either" is a fair statement. There isn't a good reason to invest in Nu Ride as they don't have a business. The only current hope for income is the lawsuit, which will give the company cash and maybe a bump in price, at least in the short run. They still need to decide on what business they will pursue, whether they will do something like COOP (not EVs) or some other business. The current Board of Directors suited be an EV company, though I wouldn't rule it out.
Still not sure what the pictures have to do with Nu Ride, as they currently have nothing to do with Nu Ride. The sedan doesn't have anything to do with LandX, as near as I can tell.
No NDA with LandX. That was a public asset sale. I didn't see any reference to an NDA with that deal. That was a simple asset sale. If there was another agreement since, there would be notice of it even with an NDA.
No NDA with Foxconn. Those are public court hearings. That's not to say there isn't background negotiations which aren't public. But, for a court hearing, it wouldn't be a NDA, it would be a gag order, and there isn't one that I can find.
I'm not sure what those pictures have to do with anything. Yes, the van/truck is LANDX, but the sedan isn't them. SMH.
Was COOP a shell when William Gallagher took over? While this history does speak well of Mr. Gallagher, and does bring legitimate hope to this company, this doesn't seem to be even an apples to oranges comparison. Yes, you are correct that Mr. Sole bought stock in March and continues to receive stock-based compenasation.
Longs are so terrified that they are making things up. You clearly haven't done research in this company. You do realize it is a shell. How many employees did they have as of last report?
This is 100% untrue. LandX bought Lordstown assets. It's as simple as that. Read the filings. That's it. There is nothing more to that purchase, No secret agreements, no plans from that purchase to merge with Nu Ride, for LandX to buy Nu Ride. Nothing. Nu Ride is not buying the assets back. There is not even a hint of anything like that.
As long as Burns is involved with LandX, there will not be a merger.
Why would this even be a thing. When Nu Ride was formed, they chose fund managers to run the company. They didn't choose EV car executives, or experts at all. The filings suggest that they will go somewhere else in terms of a business plan. Can they go back to making EVs? Sure, that's a possibility. To suggest any more than that is just hype, and not from the company, but from an investor who is impatient with dead money. The vehicles pictured have nothing to do with Nu Ride, obviously, everyone knows that, even you.
Good luck. I do think Nu Ride will do something. How "Huge" the announcement will be is an open question. That we will have to wait. I know there is an omnibus hearing on July 11, but I don't think there will be an announcement from that hearing. That has nothing to do with the suit against Foxconn, which, they may win, they may lose. Lordstown made significant mistakes that allowed Foxconn to end the deal. Lordstown is not simply a victim here, they made some stupid mistakes, as you yourself know.
Game changer. The Post office is buying EVs. LandX isn't going public anytime soon. What else is wrong with your silly Reddit story?
I've been doing this for a while. You seem to not know or care about what you are doing and make stuff up all the time. Those were part of a stock-based compensation plan, and not purchases. Read the filings for a change. SMH.
But, in 2021, Workhorse didn't get the contract. While the contract would have helped Lordstown, they didn't get the chance to deliver on the contract, as they didn't get the contract. Production is still delayed by the winner of the contract, so this is a story that is still going on, but it has had nothing to do with RIDE, or now Nu Ride, for a long time. That's my understanding.
Nu Ride is NOT bashed because of the unknown. It's a shell company, that is known. It isn't bashed because it's a shell company either. It's a shell, it doesn't do anything. People disagree with you because you are wrong. I'm not sure why you post pictures of the sedan and the "truck" or van. Neither of them have anything to do with Nu Ride. Why is it pumped by certain people with old irrelevant news? Probably because of fear of the unknown. What if Nu Ride cannot find a partner? What if Nu Ride never makes anything and simply disappears into nothing? What if all the stock-based compensation and all the insider buying turns out to be worthless? They are NOT an EV company now. Even you cannot argue with that. They may be in the future, but right now Nu RIDE is simply homage to the old ticker, RIDE, nothing more than that. It DOESN'T say they are going into the EV business. They might, but since management is made of of fund managers and nobody with EV experience, as Hightower sold all his shares and is gone, they are probably looking at another line of business. You probably see that as well.
Yes, there is this Foxconn suit in the background, but nothing court-wise has happened since December, and nothing will be decided at the next Omnibus hearing.
As to the "Set up to make millionaires" comment, well, maybe not, but you are long based on thinking that this will make you money. It's a reasonable position to hold this stock expecting that the management will make a deal and that this will no longer be a shell and be a real money making company rather than the failure RIDE turned out to be. Yes, the Endurance had potential, but it never lived up to that potential, and RIDE failed to produce profits or even a significant number of vehicles. The plant is still being used to produce EVs now, just not vehicles that you would normally see on the road. But, long story short, be long. Nobody is saying you can't be long here. We are just disagreeing with most of your points, though you are correct about the March buying.
I did read the footnotes. This was not a purchase. This is not labeled a "BUY". SMH. Check with your broker if you don't understand. It would say purchase if it was a purchase.
No, those pictures still don't belong to Nu Ride. You haven't done your research. Check with the filings, or your broker if you don't know what a shell is.
Not sure what the picture has to do with it. I get it, you think the price will go higher based on their shell status, with no products, no R&D, no nothing at the moment. There will be something, probably, but not now. Don't know if it will be EVs. They aren't even in Lordstown, Ohio anymore.
They did not buy! This was different, we talked about this. It's stock-based compensation. It wasn't a purchase. Learn to read the filings. Yes, it was an acquisition.
In March. He had bought some previously, if I read the form correctly. He's obviously not in the money here, though I do know insider buying is usually a longer-term investment, so this is a small point at the moment. He hasn't bought anything recently, though he did acquire some from what looks to be a stock grant.
Okay, they acquired shares, and some bought some.
Andrew Sole bought 700,000 shares of Nu Ride, NOT 1.2 million. SMH. In fact, he doesn't even own 1 million shares of Nu Ride, he owns 752,747 shares of Nu Ride. 700,000 shares are indirect ownership,52,747 are direct ownership. Read the filings. Where are you getting your data from? The following is his most recent Form 4:
https://www.sec.gov/Archives/edgar/data/1378121/000095017024060755/xslF345X05/ownership.xml
Nu Ride has no prototypes. You know that to be a fact. You do know this is a shell company. SMH.
What exactly is happening at the Omnibus hearing? Looks like they are closing out the last details of the bankruptcy. Foxconn isn't even on the agenda that I could see. Did I miss something? I do see the order for the Omnibus hearing on July 11. Nothing since December on the Foxconn case.
I'm not sure what the point is for those pictures. Nothing really to do with Nu Ride. Yes, the truck had something to do with Lordstown in the past, but it has nothing to do with Nu Ride. Nobody can deny that point at this time. It's a fact that these are not the property of Nu Ride at all. SMH.
I'm a glass half-full kind of guy. However, I did say exaggeration, the claim of millions of shares bought or otherwise owned or acquired is an exaggeration. That makes it a half truth, which is more or less the same as a lie. The R&D claims are also true, but old and no longer relevant to the company, which make them half-truths which is like a lie. As far as pictures, if he is going to post unrelated pictures, he might as well post pictures of the Tesla truck. It has as much to do with Nu Ride now as anything he has posted. I don't mind exaggerations some, as "pumpers" and "bashers" to use common (perhaps pejorative terms) put their own spin on the facts. You just have to sift through some of the spin, I do hope for good intelligent discussions, though there is no obligation to 1) tell the truth here or 2) actually engage in meaningful discussion here. Either way, while valuable information can be retrieved from these message boards, the best DD is found in the filings, which have been twisted here in several different ways, and in actual news sources with good information, though some news sources here are better than others. So, I wasn't just being kind, though I was, I wasn't dumping on him either.
This was an acquisition, not a purchase. A stock grant as you describe it. Nothing more, nothing less. Not sure what the picture has to do with Nu Ride.
At minimum, saying millions of shares purchased by insiders is an exaggeration. There are more than 1 million shares owned by insiders, though to get over 1 million shares totally owned, I think they needed the stock grants, though I haven't sat through all the form 4's to break it down. Not sure if it's worth that much work, though the data is there. The picture of the sedan has never been associated with Lordstown (RIDE), though it did have an association with Foxconn, before the pictured model was abandoned. The pictured van (though the video calls it a truck) looks like it had an association with Lordstown (RIDE), but not any more. The mixing of old outdated and no longer applicable data and blind optimism is interesting. I think some of the posting is to get a reaction, and some of it is cheerleading.
So, yes, they are lies, but some of it is exaggeration. That can get people into trouble, as I've seen people in work circumstances promising Gigabytes worth of data when there were only (and only could be) megabytes of data. That led to the inevitable "Where's the rest of it" conversation which went out of control quickly. So, exaggerated claims can be just as damaging or untrue as outright lies.
The van and "sudan" stories are outright lies, though the "van" may have been somewhat true 3 years ago. So, I don't know if this is a case where he or she actually believes what he/she posts, as there certainly is some of that with the form 4 discussion I had over the stock grants, but I agree, there is more to it than that. Honestly, while I appreciate the thinking that Nu Ride may mean a newer version of RIDE (LMC), it might just be a homage to the name and they may wind up become a REIT or something like that. I have no idea what they will do, their office isn't even located in Ohio anymore, as near as I can tell: M3 Partners; 1700 Broadway, 19th Floor; New York, NY 10019.
The van picture you have is not an asset, not a tangible asset:
https://www.reddit.com/r/lordstownmotors/comments/19a3dp0/20240108_landx_van_final/
Play the video. It's LandX, not Lordstown and not NuRide.
As far as the Sedan (you keep confusing this with the county, so wherever you are cutting and pasting this from, you should edit that), that doesn't appear to be Nu Ride's either. It looks like a Foxconn product and not Lordstown, and thus not Nu Ride:
cc.tvbs.com.tw/2017program/cars/images/uploads/2022/10/07165252/221009%E5%AF%8C%E5%A3%AB%E5%BA%B7%E5%8E%9F%E5%9E%8B%E8%BB%8A%EF%BC%BF001-1024x576.jpg- look at the web address, it's not even the USA!
Upon further research, the sedan appears to be the Indie EV, I think. It is a Foxconn vehicle, but it was once part of Indie EV as a company, which has folded, as I understand it. A quick look at the Internet shows that the sedan's production has been cancelled. Without doing a deeper dive, this is what I have on this sedan.
Nobody suggested that these were Tesla vehicles. What are you talking about? They aren't Nu Ride vehicles either. What are you talking about?
What plans?
BTW, obviously, nobody is terrified or desperate except the longs. So, what are you talking about?
You are wrong about every picture you have posted. SMH. You do certainly like the attention. LOL.
I'm sorry, but the 10 million in $&D is from 2023. This is 2024. I never said the vehicles in your posts were from Tesla, if you were referring to me. Either way, the van (or Truck as it is actually identified in the video you refer to) is not a Lordstown property. Fact. It belongs to LandX. The sedan you have pictured is not Lordstown either, nor is it LandX. It's a discontinued product. Do your research. SMH.
You do realize the Nu Ride is a shell? It's in the filings. That R&D is for products that LandX bought. So, Lordstown spent that $10 million to develop LandX products, essentially. Lordstown doesn't own and is not developing any EV. You know that for a fact, 100%.
However, I'll take this message as just an attempt to get a reaction and not a serious post. So, congratulations. You got my response which took your post seriously, though I am now thinking it isn't a post to be taken seriously. Too many wrong facts from someone who says they read the filings.
Is that where all this volume coming from, a twitter post from stockgrunt? I don't know who MO is that you mention here, unless it's Moving On, and he hasn't posted in a while, unless he's on some other message board.
First, I've already debunked the video and the picture. The sedan you posted has zero to do with Nu Ride. I've proven that. Same with the video of the van or truck. Nothing to do with Nu Ride. You might as well post a picture of the Tesla truck, which is already on the road.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174447351
Second, how will Nu Ride change the world? They aren't even an EV company yet. Also, in the EV world, Tesla can make that claim, Nu Ride, even if it becomes an EV maker (which there isn't a good reason to believe), won't be in that position, even if they wind up being bigger than GM. So, this is just posturing and a pumper-like statement, though if you believe in the idea, I can accept it as cheerleading and excitement.
Third, there is no evidence of a merger with LandX. There will not be one as long as Burns is in the picture. Why would he want to merge with Nu Ride? He'd be better off probably with a new SPAC, like Diamond Peak was when they merged with Lordstown. Even at that, Burns couldn't do it anyway, so I think he's happy having a private EV company at the moment. As with the link above, the sedan was a failure for that company, the sedan you posted a picture of. The truck or van as you may call it is a LandX property. I'm sure LandX would want much more than $10.2 million they paid for the assets of the old Lordstown Motors. I would also read the SEC rulings on this issue. It will help you understand the reasons I say this.
So, in conclusion, the merger with LandX is just hype by an individual investor who wants it to be true, but has ZERO evidence for it. That's fine, that's what it is, and I get that posters do that on these types of message boards. I also get the Nu Ride Inc. name idea that you have latched onto. But, it could be as simple as the old ticker was RIDE, and this is a new company from the "ashes" of Lordstown Motors, RIDE, so this is now a new company and they took for the name the old ticker. It might not be anything more than that, just borrowing the old ticker to say they are a new company from that ticker. Nu verses New is kind of cute, I guess. You've provided no evidence to suggest otherwise. But, in your defense, the company is looking for a merger candidate, either to buyout a private company and go public with that or merge with another public company. So, the merger idea is not out of the question, and worth being on the lookout for. I do think, at the moment, a merger with LandX is out of the question for a variety of reasons.
Good luck.