NU Ride Inc (NRDE)

[dss19552002]

What makes you think that Nu Ride (with no production of anything at the moment) will be awarded the C Model and the midsize truck? It's not in the filings. It's not in the court documents. It's just a dream on your part. Nu Ride, if they win anything, will get cash. I do think it is likely they will get cash. There are fraud allegations, but I don't see actual fraud (I know, neither your opinion, nor my opinion matters with the court). The filings seem to indicate that the actual dispute is over the investment agreement, and not over the plant sale. There is a sentence which maybe comes close to justifying your position in that Nu RIDE, then Lordstown, says that the investment deal supersedes the previous agreement, which included the plant. That could mean that their understanding is that the subsequent investment agreement also included the plant sale. That's not my reading, but the court will decide all that. If I am right, Nu Ride gets cash, so you should be happy. You'd be happier if they won like you think they will, but they probably won't get that much (Billions), and there will likely be an appeal or settlement later, once they get past the motion to dismiss, presuming that fails. This isn't going to happen quickly. It might not be resolved in 2024. I think they are just posturing for a settlement at this point. A motion to dismiss shouldn't take this long.