Replies to post #8344 on NU Ride Inc (NRDE)

[1vman]

***** NRDE ( PU Ride ) is a shell period - theres no influx of anything coming here - whoops

ENOUGH SAID

[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.

[dss19552002]

A couple of additional points or questions:

that's rated in the top 5% of all start ups free and clear cash

1) RIDE was a startup. Nu Ride, NRDE, is not. NRDE is a shell. There is a difference.

It reminds me of the Procter and Gamble merger when most had thought Gambles Stores

2) What are you talking about? What Procter and Gamble merger? I think you have your history wrong. Proctor and Gamble were formed together in the early 1800's. Well, they did merge in 1837, but that is hardly a comparison to Nu Ride. Are you thinking of something else?

So, I'm not sure what point you are making, but given your facts are wrong here on these 2 points I would question the conclusion.

Yes, Nu Ride has cash, and I agree it's about $20 million (a little less but for these purposes, rounding here is okay). For most shells, or shell-like companies, $20 million is a lot of cash, so I agree with that point, if you are willing to accept the correction of NRDE being a Shell and not a Start Up.

[JoshTaeger]

“WE ARE A SHELL COMPANY….”

Says it right there in NoRide’s 10-Q.

Haven’t we been telling you that all along? Now maybe you’ll believe it?

That filing should cease all discussion of NoRide having anything to do with vehicles or the Lordstown plant.

At least NoRide “investors” can cling to the hope of a miracle via the lawsuit, but the NoRide filing makes it pretty clear that pursuing the lawsuit is NOT the BoD’s highest priority. Monetizing the NOLs is.

[Saving Grace]

$20,000,000 Banked. Lawsuit against Foxconn for Billions, Judgement Coming soon.

This is preparing for a massive influx in court awarded cash thru a positive court decision against Foxconn and optimistically granted. They are crossing T's and dotting I's while proving absolute harm caused to operations from Foxconn's fraud and deceit.

The 10Q spells is out and by using terms such as "going concern" indirectly states, remaining in business.

NU Ride Inc. remains a strong hold as the writing is on the wall

We may choose not to hold a shareholder vote to approve a business combination if the business combination would not require shareholder approval under applicable law or stock exchange listing requirement. For instance, if we were seeking to acquire a target business where the consideration we were paying in the transaction was all cash, we would typically not be required to seek shareholder approval to complete such a transaction. Except as required by applicable law or stock exchange requirement, the decision as to whether we will seek shareholder approval of a proposed business combination or will allow shareholders to sell their shares to us in a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors, such as the timing of the transaction and whether the terms of the transaction would otherwise require us to seek shareholder approval.

[img]Risks Related to our Business

We are a shell company, and our only material assets are cash on hand, the claims asserted in the Foxconn Litigation, claims that the Company may have against other parties, and NOLs.

As a shell company (as defined in Rule 12b-2 of the Exchange Act), our only material assets are cash on hand and intangible assets, including the claims asserted in the Foxconn Litigation, claims the Company may have against other parties and NOLs. As of March 31, 2024, we had $19.7 million cash and cash equivalents, excluding restricted cash. For the foreseeable future, our principal source of revenue and cash flow will be investment income from our investment portfolio, if any. We anticipate relying upon such liquid assets to sustain operating expenses, unless or until the consummation of a business combination or we are able to secure additional funding, if at all. We cannot provide any assurance that we will identify a suitable business opportunity, consummate a business combination or that our choice of business combination will result in profitable operations, the ability to generate cash or the effective utilization of our NOLs. Moreover, there can be no assurance that financing will be available to us on favorable terms and timing or at all. We and our auditors have identified conditions and events that raise substantial doubt about our ability to continue as a going concern. If we are not able to continue as a going concern, or if there is continued doubt about our ability to do so, the value of your investment would be materially and adversely affected. We cannot predict or quantify the ultimate impact that events that have occurred during or upon our emergence from the Chapter 11 Cases may have on ultimate recovery for stakeholders, including creditors and stockholders.

The expenses and awards, if any, attributable to the Foxconn Litigation is uncertain.

Due to the inherent uncertainties of litigation and regulatory proceedings, we cannot accurately predict the ultimate outcome of the Foxconn Litigation. An unfavorable outcome could have a material adverse effect on our business, financial condition and results of operations. Regardless of the outcome of the Foxconn Litigation, it is likely to result in substantial expenses and may require us to devote substantial resources, including management’s time, to it. No assurances can be provided as to the Company having sufficient resources to pursue the Foxconn Litigation, the outcome or recoveries, if any.

Our Board of Directors may change our business plan and strategy without stockholder approval, which could alter the nature of your investment.

Our Board of Directors is developing and reviewing its business plan and strategy for the Company and determining what is in the best interest of our stockholders. This business plan and strategy may change over time. The methods of implementing our business plan and strategy may vary, as trends emerge and opportunities develop. Our business plan and strategy, the methods for its implementation, and our other objectives, may be altered by our board of directors without the approval of our stockholders. As a result, the nature of your investment could change without your consent.

Our business depends on the continuing efforts of our management and third parties. If it loses their services, our business may be severely disrupted.

We do not have any full-time employees. Our business operations depend on the efforts of consultants and professional service providers to execute our business plan, operations and internal controls, including all of our financial reporting and claims reconciliation. If our Chief Executive Officer or key consultants become unable or unwilling to continue providing their services to us, we might not be able to replace them in a timely manner, or at all. We may incur additional expenses to recruit and retain qualified replacements. As a result, our business may be severely disrupted and our financial condition and results of operations may be materially and adversely affected.[/img]

How this is written clearly covers every base and just like NU Ride isn't quitting, neither am I.

It reminds me of the Procter and Gamble merger when most had thought Gambles Stores was finished but was hardly the case. I would encourage those that came this far to read the 10Q over and over until you understand what is really going on here. If Land X had a ticker symbol, it would already be in my portfolio. Ask yourself, why doesn't Land X have a ticker symbol yet? Why hasn't NU Ride Inc. completed it's registration?

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?

They are spelling it out what they're doing or going to do, then calling it a going concern, because they are doing it through a third party.

NU Ride Inc. is much alive and well and the 10Q proves it and also proves the lawsuit against Foxconn for fraud and damages is ongoing. Just like Procter and Gamble. We ain't seen nothing yet and there is a door number 3 with third party recorded costs.

New BOD's who are all Fund Managers from various institutions really couldn't be a better set up with 20 million in the bank.

There is nothing to worry about here. It's as cut and dried as it gets. Take it or leave it or even swing trade it. I just wouldn't bet against it. Everything is possible especially with a multi billion dollar lawsuit going forward with expected results by me.

Tangible Assets


Tangible Assets


Since some don't understand, Nearly 10 million was invested in the above prototypes and was clearly in the 10Q and reported as "Tangible Assets"

NU Ride Inc. is in Good shape. No worries here.

[Saving Grace]

It's all coming together for $NRDE, LandX merger acquisition! Strong Hold.

Shorts are Terrified