NU Ride Inc (NRDE)

[uksausage]

reorganization does not mean for sale.

Foxconn failed to build any Endurances the issue they had in December was fixed but there is no production as per the contract manufacturing deal they have.

As art of the law suit they have they will be claiming the factory and other assets back form the original Foxconn deal.

if you are adding huge assets like a factory and cancelling contracts you will also be adding new contracts (for supply chain) so sensible to reorganize / shuffle assets as necessary and "emerge" structured as a manufacturer not a sales company,

they are NOT bankrupt (yet), depending on the value of any parts inventory they will inherit they may get close when they fire up the production line for say 100 a month