NU Ride Inc (NRDE)

[Saving Grace]

New Owner, Former CEO Steve Burns, Owns RIDE. This is excellent as Burns has 4 new BEV's in the pipeline. All insiders other than Burns, including CEO Hightower, have not sold any shares or positions with RIDE stock. The question is, will Hightower remain the CEO?

NEW YORK, Oct 18 (Reuters) - Electric vehicle company Lordstown Motors received U.S. bankruptcy court approval Wednesday to sell its manufacturing assets to a new company affiliated with its founder and former CEO Stephen Burns for $10.2 million.

LAS Capital, majority-owned by Burns, will acquire Lordstown's intellectual property, business records, and machinery including assembly lines for electric vehicle motors and batteries.

U.S. Bankruptcy Judge Mary Walrath approved the sale at a court hearing in Wilmington, Delaware, saying it was the best available offer

intellectual property, business records,

Is the company and stock

machinery including assembly lines for electric vehicle motors and batteries.

Is the plant assembly.