NU Ride Inc (NRDE)

[dss19552002]

Tomcat,

Some of the cash you think they have from the last financials is obligated as part of settlements, so that might be part of it. They may have less than you think. The stock is a shell. The 10-K says that and the company's website suggests that as well. That's one reason why it trades lower, as it's a shell with no actual business. There is cash, and the NOLs are significant, but they don't have anything to generate revenue or even hope to generate revenue with at the moment. I know they are seeking to fix that, so if you want to buy and hold until something happens, that might be an okay move. It's up to you. The reasons I have are probably part of the answer to your question..

Good luck. Should you invest (or trade) here, I hope it works out well.