NU Ride Inc (NRDE)

[Saving Grace]

Too Bad you seem to be in the Dark about what's really going on. Maybe try reading the court filings. Investigate the new BOD who are all investment bankers all 6 of them. Maybe you will understand and have a clue why LMC was renamed "NU Ride" like "New Ride" as the last ticker was "RIDE" do you get it? New RIDE = NU Ride Inc.

Nu Ride Inc. (NASDAQ:NRDE), previously known as Lordstown Motors (OTC:NRDE) Corp., has seen significant purchasing activity from one of its directors, Andrew L. Sole. According to recent filings, Sole has acquired a substantial number of shares valued at over $1.2 million, indicating a strong vote of confidence in the motor vehicle company's future prospects.

Over a series of transactions, Sole purchased a total of 543,566 shares of Nu Ride Inc. common stock. The purchases occurred on three separate dates, with the prices per share ranging from $2.2474 to $2.3023. On March 14, 2024, Sole bought 52,603 shares at $2.2474 each. The following day, he added another 225,000 shares to his holdings, paying $2.3023 per share. The buying spree concluded on March 18, with Sole acquiring 264,963 shares at a price of $2.2987 each.

The total amount spent on these transactions amounted to $1,245,307, reflecting a notable investment by the director into the company. It's worth mentioning that these shares are held indirectly by Esopus Creek Value Series Fund LP - Series A, with Sole's pecuniary interest in the securities being the extent of his ownership claim, as per the footnotes in the filing.

This financial move by a key insider often garners the attention of investors, as it may signal insider beliefs about the company's valuation and future performance. Nu Ride Inc., with its focus on the automotive industry, particularly in the manufacturing of passenger car bodies, is at the forefront of a dynamic and evolving sector.

Investors and market watchers alike will be keeping a close eye on Nu Ride Inc. to see how this insider activity might align with the company's strategic direction and performance in the coming quarters.

https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747

See the LMC logo on the NEW VAN - NU Ride


How about the NEW Car that may be Hydrogen thus "NU Ride Inc"


Please try to Comprehend that everything is new with NU Ride Inc. except the lawsuit, suing Foxconn for billions in damages and the Plant that is also in the filings. Check out the court case filings, you may even buy some shares after being educated on the matter. You be the judge.