Replies to post #8367 on NU Ride Inc (NRDE)

[Saving Grace]

Exactly, Director Wartell Michael J. acquired 52,747 shares on 5/13

[dss19552002]

Two points:

1) You do have a point about an insider buying as many shares in the company. The company is a shell, as you say, but I presume that the new BOD expects to do something with the company, so that point is sound.

2) The company has no truck. So, the cash will not help build out production and improvements to the truck. They sold that to LandX as part of the bankruptcy. There is no guarantee that they will return to the EV market once they cease to be a shell. The BOD is made up of fund managers, they release all the EV expertise. That is, they were either fired or really more likely simply terminated or laid off. That's in the recent 10-Q. So, this part of your post is wrong, though if you are new here, it's certainly understandable.

Good luck.