NU Ride Inc (NRDE)

[dss19552002]

I agree $20 million is a good amount of cash, for a start up (I don't have a long history with start ups, though 20 years ago I did invest in LQMT after the IPO, just not at the IPO - that didn't work and I got out after losing some money - but way before it became a penny stock like it is now). Though Nu Ride isn't a start up, as it is a shell, but either way $20 million is a good amount of cash for being in its position now. I think we are in essential agreement there.

Foxconn is making EVs, just not for Fisker. Fisker isn't using Foxconn because of their own problems, as I understand it, not because of any alleged fraud by Foxconn. You posted a picture of one of the EVs that Foxconn is making.

Nu Ride has no revenue (per the 10-Q, so revenue growth is -100% from Q1 of last year), and no employees (also according to the 10-Q). That will likely change when they select what they will do as a business. They haven't yet, unless there is news today that I missed.

I understand your comment about "old age". I'm getting there myself.

I know we disagree about the lawsuit. I still don't see fraud, though I understand Nu Ride (Lordstown at the time) does claim fraud and claims billions in damages. They were vague, and billions in damages is a stretch, as they would have to prove that they would be as big as Tesla if it weren't for their fraud. I don't think they can prove that. Either way, I would just caution you that the lawsuit isn't a slam dunk. The court hasn't ruled on the motion to dismiss, so there's a long way to go. I don't see billions, but I do think it is likely that Nu Ride will get millions, maybe as much as $100 million, which would still be great for Nu Ride. This will likely not go to verdict, but will be settled, IMO. That could be why the motion to dismiss hasn't been ruled on yet. Otherwise, if it actually goes to verdict, and maybe appeal, this could take years. Nu Ride needs answers before then, and not rely on Foxconn to give them cash to do what they want to do, whether it's EVs, or IT, or even streaming video, just to name a few options off the top of my head. I am not suggesting that they will compete with Netflix.

I'm not sure what you were talking about with "Foxconn was trying to get LMC for a song and a dance", but Burns got the assets of LMC for a "song and a dance" if that's what you are referring to. $10.2 million doesn't seem like a lot, though LMC certainly had potential, but they didn't really succeed with their EVs. Fisker, for all its problems, did better, though they might not succeed either. I haven't followed them that closely. When I say they did better, I am not saying they did great or even well, though they have (or had) dealerships, which Lordstown never had.

Thanks for your comments about P&G. Not everyone on these boards will admit their mistakes. I know I've made a few myself. I appreciate that.

Good luck.