NU Ride Inc (NRDE)

[OPKOHEALTH2022]

Most likely bankrupt at the current cash burn rate in 6 -12 months. I don’t know how they will survive given the current situation in the market but RIDE can do a reverse split and dilute current shareholders, most likely going under a dollar. 500 trucks to be built in first half of 2023 is a joke. I don’t really understand this last deal seems that the JV is broken between Foxconn is still buying shares to keep the company afloat and Steve Burn selling shares under $2 makes me think this is going to be under $1 for some time.