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Re: Saving Grace post# 8277

Wednesday, 05/01/2024 10:10:18 AM

Wednesday, May 01, 2024 10:10:18 AM

Post# of 8530
Okay, insiders haven't bought anything in a month in a half, so I don't know how "heavy" they are loading. Yes, I know buying is usually planned and not all the time, but it's still a fair point. We'll see if they continue to buy later this quarter. If it's heavy, then I'd like to see at least quarterly buying, especially now that the shares are cheaper. If it's a good deal, then averaging down is a good idea (though averaging down is often a bad move, as it's an opportunity for people to buy more to try to fix a mistake and find that they make more mistakes, but not always).

Second, the insiders "loading Heavy" and the "$NRDE worth billions" don't go together. Insider buying doesn't prove the winning the largest lawsuit in stock market history point. Insiders don't know if they will win big, or lose. They just don't know. Insiders would buy on the basis of the company actually doing something, or have a plan to do something. Right now, the company doesn't do anything, unless there was an announcement I missed last night.

As far as the lawsuit goes, the motion to dismiss hasn't been ruled on yet, so it's a little early to say they will win billions.

Finally, "$NRDE to be worth billions" is simply hype, a statement based on hope that maybe a pumper/dumper might say. I doubt you actually believe this, though I suppose that's a possibility, however remote. I think it is more likely that $NRDE will win $200 million, or they will settle for some amount before the court actually rules on anything. I actually think that settlement is the most likely option, though I'm not sure what $NRDE has to offer. They don't make EVs, and they don't own the rights to any EVs. The filings say so. All your posts actually support that point, though you say otherwise. However, your opinion, and my opinion doesn't matter on this issue except for perhaps making investment decision or making a speculative investment. Time will tell on this lawsuit, but the fact the the motion to dismiss wasn't laughed out of court suggests that maybe the "To be worth billions" statement is a little premature.

Good luck. I do think it is reasonable to be bullish, but they need to be involved in some sort of acquisition or actually start a business and stop being a shell to be worth a serious investment.