Replies to post #8290 on NU Ride Inc (NRDE)

[Saving Grace]

Sole bought 700,000 shares between $2.247 and $2.302

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

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

[1vman]

***** Meaningless !! got any pictures of NRDE ( PU Ride ) vehicles ? cuz theses pictures dont belong to them - whoops

ENOUGH SAID

[dss19552002]

This is a terrible article, but it isn't all wrong.

First, the good. They are correct on the insider purchase. While insider purchases are often good news, they aren't always. In this case, it isn't negative, but it isn't as good as you make it out to be. Either way, I'll accept this as good news, as insider buying normally is. It's certainly a fair point, even if it is now old news.

The bad: the article speaks of revenue growth. This article, on that point, is stupid. Why do I say that? It looks like they just looked at the numbers reported in the 10-K, or on Yahoo or maybe their own site and reported the numbers. They clearly did not read the report, the 10-K, or the bankruptcy filings either. The fact is revenue declined to zero! That is $0.00. They make nothing, they have nothing in the pipeline and they are a shell. Investing.com did not do their research on this, so this article should NOT be relied upon. Again, the numbers are correct from a year to year basis, but that doesn't tell the actual story of bankruptcy, and the sell of of assets and becoming a shell company. They did have year over year growth in revenue, but they had a significant decline of revenue after Q2 to $0. You need a better source. Again, the article does report relatively (though now old news) of insider buying, but is misleading, and now essentially wrong on the revenue growth. The last point makes this wrong, or stupid as an article. I know you know these facts, but the article you shared does misrepresent the facts, at best.

However, to be fair, this doesn't rule out the company, through a merger or acquisition of some kind actually producing something and thus having revenue, but it hasn't happened yet, that I am aware of. The lawsuit with Foxconn resolution is months away, if not years away unless they settle, so that probably isn't the best place to look for near-term results for this company. The company, if it is smart, and if the new CEO and management are smart, should look elsewhere and not rely on winning this suit to move forward.