Insider buying is old news, and gets older each time it is repeated. However, if after the 10-Q is filed, which could be this week, and then they buy in a week or two, then that particular narrative changes. But at this point, they bought once, are now underwater, and are waiting for something to happen. I would expect that they are marketing the company for either a reverse merger, or to sell the company, or even to acquire some business. Right now, my prediction for revenue for Q1 is the same as Q4 of last year: $0.00. The claim of Lordstown being a subsidiary (I'll double check the bankruptcy plan on that and the articles of incorporation - just did that) producing vehicles (I know that isn't true) is false. Anyone who has read the filings knows that. By Filings I mean court filings, and SEC filings. I'm not sure what the other poster means by filings, unless he or she is referring to filings in 2022, when they were manufacturing vehicles. Foxconn appears to be using the factory to make EV's. No, not for Fisker, not for Nu Ride, not for any commercial EV's that the average citizen would drive on the roads. I'm not sure where this Russia nonsense comes from either. Probably from the "filings" filed on Reddit, where the pictures come from.
The fact, as you and I agree on, is that Nu Ride is a shell, with no IP, no manufacturing assets and a few employees (zoominfo.com obviously didn't have current information). There is probably a future here, and maybe a profitable one, so I can see holding and waiting (though most people would go elsewhere as this would be dead money - though I have dead money stocks too). The volume hasn't been there, so there hasn't been the interest to even flip this stock for anything meaningful. Maybe later, but now doesn't seem to be the time.
Even if the poster is right about Nu Ride winning the lawsuit against Foxconn (I don't think they will, but that's another story), that's multiple years away. They haven't acted on the motion to dismiss yet. That's been about 6 months. There will probably be some settlement of some sort, as while Foxconn has a point about then Lordstown failing in their end of the agreement, I do think they jumped the gun, as it were, and probably should have continued to honor the agreement based on what I read. I'm not a lawyer, though. I certainly don't see fraud, though Lordstown has already admitted to what amounts to be fraud. So, Lordstown isn't the innocent victim here by any stretch of the imagination. If they settle, I would expect that sometime in the next 2 years.
AI
