NU Ride Inc (NRDE)

[Odessa99]

Law firm KCC LLC is the law firm administering (housing and managing) the documents associated with the Chapter 11 filing of Lordstown Motors. The link to these documents is https://www.kccllc.net/lordstown. The second paragraph on this site states the following:

"The Company enters Chapter 11 with significant cash on hand and a debt-free position."

I suspected this was true, but was pleasantly surprised to see it so plainly stated. Although the general rule is that common shareholders are wiped out during a chapter 11 restructuring, there are exceptions. A few years back, I was invested in the stock in a company undergoing restructuring (in the printing industry - LSC Communications), where I ultimately made several hundred percent trading/accumulating the common stock during the structuring process. The money was made because the asset value (of the organization) exceeded the debt obligations. It would appear that this same situation exists here, at Lordstown Motors.

This would appear to be a bullish sign for the stock.
As always, simply my opinion.

RIDEQ