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Friday, May 31, 2024 10:09:49 AM
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174447351
Second, how will Nu Ride change the world? They aren't even an EV company yet. Also, in the EV world, Tesla can make that claim, Nu Ride, even if it becomes an EV maker (which there isn't a good reason to believe), won't be in that position, even if they wind up being bigger than GM. So, this is just posturing and a pumper-like statement, though if you believe in the idea, I can accept it as cheerleading and excitement.
Third, there is no evidence of a merger with LandX. There will not be one as long as Burns is in the picture. Why would he want to merge with Nu Ride? He'd be better off probably with a new SPAC, like Diamond Peak was when they merged with Lordstown. Even at that, Burns couldn't do it anyway, so I think he's happy having a private EV company at the moment. As with the link above, the sedan was a failure for that company, the sedan you posted a picture of. The truck or van as you may call it is a LandX property. I'm sure LandX would want much more than $10.2 million they paid for the assets of the old Lordstown Motors. I would also read the SEC rulings on this issue. It will help you understand the reasons I say this.
So, in conclusion, the merger with LandX is just hype by an individual investor who wants it to be true, but has ZERO evidence for it. That's fine, that's what it is, and I get that posters do that on these types of message boards. I also get the Nu Ride Inc. name idea that you have latched onto. But, it could be as simple as the old ticker was RIDE, and this is a new company from the "ashes" of Lordstown Motors, RIDE, so this is now a new company and they took for the name the old ticker. It might not be anything more than that, just borrowing the old ticker to say they are a new company from that ticker. Nu verses New is kind of cute, I guess. You've provided no evidence to suggest otherwise. But, in your defense, the company is looking for a merger candidate, either to buyout a private company and go public with that or merge with another public company. So, the merger idea is not out of the question, and worth being on the lookout for. I do think, at the moment, a merger with LandX is out of the question for a variety of reasons.
Good luck.
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