NU Ride Inc (NRDE)

[dss19552002]

This post is not your best.

Fact: No revenue, no product, no van, no car, no truck, no military vehicle. That has been proven over and over. The 10-Q proves that without a doubt.

I believe this is written carefully and constructively. With nearly 20 million in cash, that's rated in the top 5% of all start ups free and clear cash and NU Ride Inc. already spent 10 million in costs on a prototype. Van? Sudan?

Fact: They have no prototype. To be fair, the word prototype is in the 10-Q, so I can understand how you would misread the 10-Q, but they don't have one. Fact. To dispute that means you haven't read the 10-Q or any of the other filings. The prototype expenditures were in Q1 of 2023. No van. Sudan? I think you meant Sedan? Sudan is a country (really now 2 countries with South Sudan being a struggling new country. LandX has the prototypes, and the 10-Q proves it without a doubt.

Evidence from the 10-Q:

The Company’s remaining assets following the closing of the LandX Asset Purchase Agreement consist largely of cash on hand, the claims asserted in the Foxconn Litigation (as defined below), claims that the Company may have against other parties, as well as net operating loss (“NOL”) carryforwards and other tax attributes.

Fact: The Foxconn lawsuit is still ongoing and the court has yet to hear oral arguments on the motion by Foxconn to dismiss. So, winning the the lawsuit is hardly a certainty. You are obviously wrong about the lawsuit. The 10-Q isn't proving by deceit by Foxconn. However, there has been deceit by then Lordstown, and that is a fact. Though that instance of deceit predates this management and goes back a couple of years, or so.

LandX will not have a ticker while Steve Burns is there. If you've done your research, you would know how unlikely that is.

So, most of your conclusions are false and you are reading what you want to see, not what it actually says.

I do agree, however, that given the possibility of winning some amount of cash from Foxconn (probably not billions as you suggest, as that just posturing, it won't happen), it is fair to list that as a potential asset. It's not an actual asset because Nu Ride can still lose the lawsuit. You can't disagree with that, even if they wind up winning the lawsuit (on whatever level that means). I do think a settlement is likely for probably the balance of what Foxconn would have owed for the 2 deals. Nu Ride has no EVs, it's not an EV company, so having the plant doesn't benefit them, but creates an expense they don't need. As you said, their management team are fund managers, and aren't skilled in making EVs. Hightower would still be on the management team if they were making, or planning to make EVs.

I also agree that Nu Ride, while being alive and well isn't the best description for a Shell Company, will be around for a while, and they are seeking to continue. I don't know what they will be as a business, as I don't think they know, and you certainly don't know.

I understand the EVs are a good place to invest as they are the future, at least mid to near term. The desire is to convert all gas vehicles to EVs in the future. So, I don't blame you for wanting to be involved in the technology. However, Nu Ride isn't in that business at this time. That may change, but it is for sure not in the business at this time. There is no evidence to support that. I've already commented on all your pictures which don't support your case at all. You have no answer for that.