NU Ride Inc (NRDE)

[Watts Watt]

Obviously, this is management's means to an end to get the 150 million plus in funding they need to meet production goals. It also suggests how much the capital markets have dried up since they came to the company. Steve Burns chicken shit sell off greatly accelerated the descent of the PPS. Not sure management was very saavy in allowing this to occur. They should have frozen his ass from liquidating.

The two things I don't like were:
Retaining Steve Burns buddy, Angela Strand, in the company.
Putting Steve Burns son, Shea Burns, into a management position in the company.

What gives?

Finally, it appears that Uncle Dan doesn't really have the connections needed to attract capital into the company. So much for all of his "friends" like Carl Icahn, to name one.