Saving Grace
2 days ago
With Trump supporting Lordstown Motors/NU Ride Inc. EV Technology in the past with the Endurance. With nobody knowing what's in the LandX deal, a LandX merger/acquisition remains suspect.
Gallagher already stated, they have the car to build upon. We believe he actually meant, the Skateboard technology which could be, Car, Military Omnibus or SUV EV.
With millions in the bank, skateboard technology and many prototypes with a debt free Shell and clean books. The sky really is the limit with a massive amount of tangibles to decide upon
With a massive multi billion dollar suit against Foxconn for fraud, being decided shorty, it's going to get interesting with CEO Gallagher who builds empires like his last successful turnaround, COOP. Shareholders couldn't be in a better place right now. I'm excited
Issued 20,442,296 Outstanding 16,096,296 Authorized 450,000,000 02/18/2025
Held at DTC 14,863,582
NRDE minute SS is sure to sending NU Ride Inc. sailing with a single announcement going forward
Saving Grace
2 days ago
Yes, Lordstown Endurance 2025–The Most Unique EV Truck on the Market The EV Truck That’s Turning Heads!
The 2025 Lordstown Endurance is here, bringing a unique hub motor design, rugged capability, and all-electric power to the pickup truck market. With 550 horsepower, 250 miles of range, and a tough work-ready build, can it compete with the Ford F-150 Lightning and Tesla Cybertruck? Watch now to find out!
Sale of Certain Assets to LandX
On September 29, 2023, the Company entered into an Asset Purchase Agreement (the “LandX Asset Purchase Agreement”) with LAS Capital LLC andMr. Stephen S. Burns, an individual, as guarantor of certain obligations of LAS Capital under the LandX Asset Purchase Agreement. The LandX Asset Purchase Agreement was assigned to LAS Capital’s affiliate, LandX Motors Inc. (the assignee and “Purchaser”) and approved by the Bankruptcy Court on October 18, 2023. The closing of the transactions contemplated by the LandX Asset Purchase Agreement occurred on October 27, 2023, at which time the Purchaser acquired certain assets held for sale related to the design, production and sale of electric light duty vehicles focused on the commercial fleet market free and clear of liens, claims, encumbrances, and other interests, assumed certain specified liabilities, and paid $10.2 million in cash. Following consummation of the sale, the Company’s investment banker was paid a transaction fee of $2.0 million after crediting certain other fees
Upon emergence, the Company’s primary operations are: (i) resolving claims filed in the bankruptcy, (ii) prosecuting the Foxconn Litigation (as defined
below), (iii) pursuing, compromising, settling or otherwise disposing of other retained causes of action of the Company, and (iv) identifying potential
transactions, including business combinations, or otherwise, that could create value.
LanX only acquired certain assets and not all assets.
LandX, I believe, is the potential merger candidate for potential business combinations. LandX has not filed with the SEC for a publicly traded ticker symbol. Meaning an acquisition with NRDE NU Ride Inc. is highly suspect. I also believe the certain assets which NU Ride retains, as certain assets not related to is in fact the patented skateboard technology. Assets purchased by LandX are only related to the design, production and sale of electric light duty vehicles focused on the commercial fleet market. This was clearly spelled out in the recent 10k (below)
https://www.otcmarkets.com/filing/conv_pdf?id=18324163&guid=j5h-kaseQ9rHdth
The Fat Lady is far from singing. NRDE may even eventually have Burns back as CEO with LandX merger or acquisition business combination as depicted.
Saving Grace
1 week ago
Yes, With Trump supporting Lordstown Motors/NU Ride Inc. EV Technology with the Endurance,. (see below) we wonder what will come first.
Gallagher already stated, they have the car to build upon. We believe he actually meant, the Skateboard technology which could be, Car, Military Omnibus or SUV EV.
With millions in the bank, skateboard technology and many prototypes with a debt free Shell and clean books. The sky really is the limit with a massive amount of tangibles to decide upon
With a massive multi billion dollar suit against Foxconn for fraud, being decided shorty, it's going to get interesting with CEO Gallagher who builds empires like his last successful turnaround, COOP. Shareholders couldn't be in a better place right now. I'm excited
Issued 20,442,296 Outstanding 16,096,296 Authorized 450,000,000 02/18/2025
Held at DTC 14,863,582
NRDE minute SS is sure to sending NU Ride Inc. sailing with a single announcement going forward
Saving Grace
1 week ago
NRDE NU RIDE INC is Lordstown Motors Corp.
https://www.otcmarkets.com/stock/NRDE/profile
https://www.otcmarkets.com/stock/NRDE/security
Symbol Change 03/14/2024 NRDE Symbol change from RIDEQ to NRDE
https://www.otcmarkets.com/stock/NRDE/security
Nate Anderson didn't get the memo. LoL SMH
Lordstown Endurance 2025–The Most Unique EV Truck on the Market The EV Truck That’s Turning Heads!
The 2025 Lordstown Endurance is here, bringing a unique hub motor design, rugged capability, and all-electric power to the pickup truck market. With 550 horsepower, 250 miles of range, and a tough work-ready build, can it compete with the Ford F-150 Lightning and Tesla Cybertruck? Watch now to find out!
Sale of Certain Assets to LandX
On September 29, 2023, the Company entered into an Asset Purchase Agreement (the “LandX Asset Purchase Agreement”) with LAS Capital LLC andMr. Stephen S. Burns, an individual, as guarantor of certain obligations of LAS Capital under the LandX Asset Purchase Agreement. The LandX Asset Purchase Agreement was assigned to LAS Capital’s affiliate, LandX Motors Inc. (the assignee and “Purchaser”) and approved by the Bankruptcy Court on October 18, 2023. The closing of the transactions contemplated by the LandX Asset Purchase Agreement occurred on October 27, 2023, at which time the Purchaser acquired certain assets held for sale related to the design, production and sale of electric light duty vehicles focused on the commercial fleet market free and clear of liens, claims, encumbrances, and other interests, assumed certain specified liabilities, and paid $10.2 million in cash. Following consummation of the sale, the Company’s investment banker was paid a transaction fee of $2.0 million after crediting certain other fees
Upon emergence, the Company’s primary operations are: (i) resolving claims filed in the bankruptcy, (ii) prosecuting the Foxconn Litigation (as defined
below), (iii) pursuing, compromising, settling or otherwise disposing of other retained causes of action of the Company, and (iv) identifying potential
transactions, including business combinations, or otherwise, that could create value.
LanX only acquired certain assets and not all assets.
LandX, I believe, is the potential merger candidate for potential business combinations. LandX has not filed with the SEC for a publicly traded ticker symbol. Meaning an acquisition with NRDE NU Ride Inc. is highly suspect. I also believe the certain assets which NU Ride retains, as certain assets not related to is in fact the patented skateboard technology. Assets purchased by LandX are only related to the design, production and sale of electric light duty vehicles focused on the commercial fleet market. This was clearly spelled out in the recent 10k (below)
https://www.otcmarkets.com/filing/conv_pdf?id=18324163&guid=j5h-kaseQ9rHdth
The Fat Lady is far from singing. NRDE may even eventually have Burns back as CEO with LandX merger or acquisition business combination as depicted.
Saving Grace
1 week ago
With Trump supporting Lordstown Motors/NU Ride Inc. EV Technology in the past with the Endurance,. (see below) we wonder what will come first.
Gallagher already stated, they have the car to build upon. We believe he actually meant, the Skateboard technology which could be, Car, Military Omnibus or SUV EV.
With millions in the bank, skateboard technology and many prototypes with a debt free Shell and clean books. The sky really is the limit with a massive amount of tangibles to decide upon
With a massive multi billion dollar suit against Foxconn for fraud, being decided shorty, it's going to get interesting with CEO Gallagher who builds empires like his last successful turnaround, COOP. Shareholders couldn't be in a better place right now. I'm excited
Issued 20,442,296 Outstanding 16,096,296 Authorized 450,000,000 02/18/2025
Held at DTC 14,863,582
NRDE minute SS is sure to sending NU Ride Inc. sailing with a single announcement going forward
Saving Grace
1 week ago
LMC short seller Hindenburg closes quickly and quietly.
Nate Anderson, alleged ties with George Soros.
To avoid penalties, the firm has decided to close its operations quietly. If regulatory or legal proceedings are ongoing, the expert hopes for accountability to ensure that such practices are not repeated. Hindenburg’s targeted reports often inflicted significant damage on companies, their promoters, and broader markets. These reports, while marketed as truth-seeking endeavours, were criticized for being financially motivated attacks designed to benefit the firm and its collaborators
Before Trump’s second term
The announcement of the closure by Nate Anderson, 40, who suspectedly uses many anonymous stock message board aliases, who started Hindenburg in 2017, came just days before Donald Trump’s inauguration as the new US President. “There is not one specific thing—no particular threat, no health issue, and no big personal issue,” Anderson wrote in a letter posted on the firm’s website on January 15. “The intensity and focus have come at the cost of missing a lot of the rest of the world and the people I care about. I now view Hindenburg as a chapter in my life, not a central thing that defines me.” But critics were quick to link the shutting down of Hindenburg’s alleged ties with George Soros and being under significant pressure from the incoming Trump administration
Saving Grace
2 weeks ago
It's all coming together. The short seller, Hindenburg operations, are shut down with Mr. Anderson crying to his now, laid off employees. Gone! LoL
Sad story for Mr. Anderson losing everything. LoL
https://hindenburgresearch.com/gratitude/
Foxconn Hon Hai Precision Industry Co. Ltd. HNHPF Books are closed July 5, 2022 at the close of business.Announcement | 07/05/2022
Per Citibank, N.A. the books will close on HNHPF, at the close of business today July 5, 2022. No longer quoted on any U.S. market including OTC Markets
https://www.otcmarkets.com/stock/HNHPF/news/Books-will-close-today-July-5-2022-at-the-close-of-business?id=363587
Trump warned Taiwan to not engage in malice with U.S. companies which they did. Now their both gone. LoL
No one else was interested in meeting the terms for the whole package, apparently. “Although the selling entities received several non-binding proposals for the purchase of specified assets, the selling entities through their board determined that none of these other proposals was a qualified bid in accordance with the bid procedures and determined LAS Capital to be the successful bidder under the bidding procedures,” the documents said.
It’s unclear exactly what’s in the $10 million asset sale, because some components came from outside sources. Included presumably are all assembly lines, related machinery, and other inventory, and of course a great deal of custom software and intellectual property. The factory building, with a GM/LG Energy Solution battery plant adjacent to it, is not part of the deal.
Former Lordstown Motors CEO Is Back in the Saddle
https://www.autoweek.com/news/a46106110/lordstown-motors-revived-as-landx-endurance/
Steve Burns saved LMC from being pieced out. Now Lordstown Motors/NU Ride Inc. is going to win big as the tables have turned. Karma, as it's now, Mr. Anderson and Foxconn who are now phased out of the picture. LoL It's going to be big! "Work for it" now makes perfect sense.
Saving Grace
2 weeks ago
Lordstown Endurance 2025–The Most Unique EV Truck on the Market The EV Truck That’s Turning Heads!
The 2025 Lordstown Endurance is here, bringing a unique hub motor design, rugged capability, and all-electric power to the pickup truck market. With 550 horsepower, 250 miles of range, and a tough work-ready build, can it compete with the Ford F-150 Lightning and Tesla Cybertruck? Watch now to find out!
Sale of Certain Assets to LandX
On September 29, 2023, the Company entered into an Asset Purchase Agreement (the “LandX Asset Purchase Agreement”) with LAS Capital LLC andMr. Stephen S. Burns, an individual, as guarantor of certain obligations of LAS Capital under the LandX Asset Purchase Agreement. The LandX Asset Purchase Agreement was assigned to LAS Capital’s affiliate, LandX Motors Inc. (the assignee and “Purchaser”) and approved by the Bankruptcy Court on October 18, 2023. The closing of the transactions contemplated by the LandX Asset Purchase Agreement occurred on October 27, 2023, at which time the Purchaser acquired certain assets held for sale related to the design, production and sale of electric light duty vehicles focused on the commercial fleet market free and clear of liens, claims, encumbrances, and other interests, assumed certain specified liabilities, and paid $10.2 million in cash. Following consummation of the sale, the Company’s investment banker was paid a transaction fee of $2.0 million after crediting certain other fees
Upon emergence, the Company’s primary operations are: (i) resolving claims filed in the bankruptcy, (ii) prosecuting the Foxconn Litigation (as defined
below), (iii) pursuing, compromising, settling or otherwise disposing of other retained causes of action of the Company, and (iv) identifying potential
transactions, including business combinations, or otherwise, that could create value.
LanX only acquired certain assets and not all assets.
LandX, I believe, is the potential merger candidate for potential business combinations. LandX has not filed with the SEC for a publicly traded ticker symbol. Meaning an acquisition with NRDE NU Ride Inc. is highly suspect. I also believe the certain assets which NU Ride retains, as certain assets not related to is in fact the patented skateboard technology. Assets purchased by LandX are only related to the design, production and sale of electric light duty vehicles focused on the commercial fleet market. This was clearly spelled out in the recent 10k (below)
https://www.otcmarkets.com/filing/conv_pdf?id=18324163&guid=j5h-kaseQ9rHdth
The Fat Lady is far from singing. NRDE may even eventually have Burns back as CEO with LandX merger or acquisition business combination as depicted.
Saving Grace
3 weeks ago
NRDE NU Ride Inc. Issued 20,442,296 Outstanding 16,096,296 Authorized 450,000,000 02/18/2025
With Trump supporting Lordstown Motors/NU Ride Inc. EV Technology with the Endurance, (see below) we wonder what will come first.
Gallagher already stated, they have the car to build upon. We believe he actually meant, the Skateboard technology which could be, Car, Military Omnibus or SUV EV.
With millions in the bank, skateboard technology and many prototypes with a debt free Shell and clean books. The sky really is the limit with a massive amount of tangibles to decide upon
With a massive multi billion dollar suit against Foxconn for fraud, being decided shorty, it's going to get interesting with CEO Gallagher who builds empires like his last successful turnaround, COOP. Shareholders couldn't be in a better place right now. I'm excited
Issued 20,442,296 Outstanding 16,096,296 Authorized 450,000,000 02/18/2025
Held at DTC 14,863,582
NRDE minute SS is sure to sending NU Ride Inc. sailing with a single announcement going forward
Saving Grace
3 weeks ago
Yes! With Trump supporting Lordstown Motors/NU Ride Inc. EV Technology in the past with the Endurance,. (see below) we wonder what will come first.
Gallagher already stated, they have the car to build upon. We believe he actually meant, the Skateboard technology which could be, Car, Military Omnibus or SUV EV.
With millions in the bank, skateboard technology and many prototypes with a debt free Shell and clean books. The sky really is the limit with a massive amount of tangibles to decide upon
With a massive multi billion dollar suit against Foxconn for fraud, being decided shorty, it's going to get interesting with CEO Gallagher who builds empires like his last successful turnaround, COOP. Shareholders couldn't be in a better place right now. I'm excited
Issued 20,442,296 Outstanding 16,096,296 Authorized 450,000,000 02/18/2025
Held at DTC 14,863,582
NRDE minute SS is sure to sending NU Ride Inc. sailing with a single announcement going forward
Gallagher already stated, they have the car to build upon.
Many believe CEO Gallagher is way ahead of the game with all NRDE Directors buying large stakes in NRDE. 7 buys and 0 sells.
Saving Grace
3 weeks ago
With Trump supporting Lordstown Motors/NU Ride Inc. EV Technology in the past with the Endurance,. (see below) we wonder what will come first.
Gallagher already stated, they have the car to build upon. We believe he actually meant, the Skateboard technology which could be, Car, Military Omnibus or SUV EV.
With millions in the bank, skateboard technology and many prototypes with a debt free Shell and clean books. The sky really is the limit with a massive amount of tangibles to decide upon
With a massive multi billion dollar suit against Foxconn for fraud, being decided shorty, it's going to get interesting with CEO Gallagher who builds empires like his last successful turnaround, COOP. Shareholders couldn't be in a better place right now. I'm excited
Issued 20,442,296 Outstanding 16,096,296 Authorized 450,000,000 02/18/2025
Held at DTC 14,863,582
NRDE minute SS is sure to sending NU Ride Inc. sailing with a single announcement going forward
Saving Grace
3 weeks ago
$NRDE NU Ride Inc. Clean books, No debt and New beginning.
This I believe, is the mentioned car in the report.
Below, has the Lordstown logo on the hood and was built for the Camping World agreement with step van probabilities. Production was put on hold to concentrate efforts and capital towards the Endurance roll out. They only delayed production for both the Van and Car because of many different ramifications and funding. NU Ride Inc. New Management team is picking up the reigns where LMC Hightower team left off. Anything is possible with the leadership we now have. Plans were never scrapped. Just temporarily side tracked. RU Ride Inc. CEO William Gallagher is an investment banker and pulls things together like he did with $COOP Mr Cooper Group Inc that now trades at $137 pps.
All NU Ride Inc. Directors Loaded up heavy on NRDE 7 Buys 0 Sells
https://www.otcmarkets.com/stock/NRDE/disclosure
We have a lot going for us and the $5.2Billion lawsuit against Foxconn could fair well and beyond belief with the best Attorney in the business representing NU Ride Inc.
NU Ride Inc. Retains Susman Godfrey LLP as Litigation Counsel in Foxconn Matter
NEW YORK, June 20, 2024 /PRNewswire/ -- Nu Ride Inc. ("Nu Ride" or the "Company") (OTCMKTS: NRDE), formerly known as Lordstown Motors Corp., announced today that it has retained the law firm of Susman Godfrey LLP to represent it in its continuing litigation against Foxconn. Justin A. Nelson is the lead partner on the engagement.
https://investor.lordstownmotors.com/news-releases/news-release-details/nu-ride-inc-retains-susman-godfrey-llp-litigation-counsel
Additional information about the Company is available on the company's website (www.nurideinc.com) and in the Company's filings with the U.S. Securities and Exchange Commission, available at www.sec.gov/edgar
JoshTaeger
4 weeks ago
Stop lying. NoRide has no equity interest in any Lordstown or former Lordstown property. Per the 10-K just filed, Gallagher said:
"we currently have no revenues and limited operations and assets, which makes it difficult for us to evaluate our future business prospects and there is a risk we may eventually exhaust the capital resources we had when we emerged from bankruptcy;..."
"...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;..."
"...the Company’s ability to use some or all of its NOLs to offset future income or realize any potential value may be limited, and the Internal Revenue Service could challenge the amount, timing and/or use of our NOLs;...."
These are NoRide's FACTS. The ones that matter. Stop lying.
Saving Grace
4 weeks ago
$NRDE shareholders are in for a Huge Payday according to todays 10-k
Nu Ride Inc.
f/k/a Lordstown Motors Corp.
Notes to Consolidated Financial Statements
On November 7, 2022, the Company issued 0.3 million shares of Preferred Stock for $100 per share to Foxconn, resulting in gross proceeds of $30 million.
In addition, following the parties’ agreement to the EV Program (as defined in the Investment Agreement) budget and the EV Program milestones and
satisfaction of those EV Program milestones and other conditions set forth in the Investment Agreement, Foxconn was to purchase in two tranches, a total
of 0.7 million additional shares of Preferred Stock at a purchase price of $100 per share for aggregate proceeds of $70 million. The first tranche was to be
in an amount equal to 0.3 million shares for an aggregate purchase price of $30 million; the second tranche was to be in an amount equal to 0.4 million
shares for an aggregate purchase price of $40 million. The parties agreed to use commercially reasonable efforts to agree upon the EV Program budget and
EV Program milestones no later than May 7, 2023.
The completion of the Subsequent Preferred Funding would have provided critical liquidity for the Company’s operations. Since April 21, 2023, Foxconn
has disputed its obligations under the Investment Agreement to consummate the Subsequent Common Closing and to use necessary efforts to agree upon
the EV Program budget and EV Program milestones to facilitate the Subsequent Preferred Funding (each as defined in the Investment Agreement).
Foxconn initially asserted that the Company was in breach of the Investment Agreement due to the Company’s previously disclosed receipt of the Nasdaq
Notice regarding the Bid Price Requirement. As previously disclosed, Foxconn purported to terminate the Investment Agreement if that purported breach
was not cured within 30 days.
The Company continues to believe that the breach allegations by Foxconn are without merit, and that Foxconn was obligated to complete the Subsequent
Common Closing on or before May 8, 2023. Despite the Company taking action to satisfy the Bid Price Requirement as of June 7, 2023, and discussions
between the parties to seek a resolution regarding the Investment Agreement, Foxconn did not proceed with the Subsequent Common Closing or any
Subsequent Preferred Funding. As a result of Foxconn’s actions, the Company was deprived of critical funding necessary for its operations
https://www.nurideinc.com/static-files/a9907f4b-c07c-4445-9ea9-a9e4fbdb10b2
According to Foxconn, Lordstown Motors/NU Ride Inc., Plant and Property belongs to NRDE/LMC as the purchase agreement with Foxconn was not satisfied and is null and void.
This is why there is still nothing at the plant other than the Monarch Electric Tractor
Get ready Longs for a HUGE payday!
JoshTaeger
4 weeks ago
SG just makes things too easy...
Some quotes from NoRide's 10-K filed today:
"we currently have no revenues and limited operations and assets, which makes it difficult for us to evaluate our future business prospects and there is a risk we may eventually exhaust the capital resources we had when we emerged from bankruptcy;..."
"...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;..."
"...the Company’s ability to use some or all of its NOLs to offset future income or realize any potential value may be limited, and the Internal Revenue Service could challenge the amount, timing and/or use of our NOLs;...."
Of course...there's more that I can post from the 10-K, but I don't want to be accused of piling on. I do feel the need to show some mercy.
Saving Grace
1 month ago
$NRDE Form4 Disclosure. Directors 7 Buys 0 Sells.
https://www.otcmarkets.com/stock/NRDE/disclosure
Latest 10Q supports NRDE litigation against Foxconn Fraud. Intangible Assets.
https://www.otcmarkets.com/filing/conv_pdf?id=17965171&guid=OEB-kerQaTECJth
All three prototypes involve the patented EV Skateboard Technology. Intangible.
With millions in the bank, skateboard technology and many prototypes with a debt free Shell and clean books. The sky really is the limit with a massive amount of tangibles to decide upon
With a massive multi billion dollar suit against Foxconn for fraud, being decided shorty, it's going to get interesting with CEO Gallagher who builds empires like his last successful turnaround, COOP. Shareholders couldn't be in a better place right now. I'm excited
Issued 20,442,296 Outstanding 16,096,296 Authorized 450,000,000 02/18/2025
Held at DTC 14,863,582
NRDE minute(very small) SS is sure to sending NU Ride Inc. sailing with a single announcement going forward
Saving Grace
1 month ago
With Trump supporting Lordstown Motors/NU Ride Inc. EV Technology in the past with the Endurance,. (see below) we wonder what will come first.
Gallagher already stated, they have the car to build upon. We believe he actually meant, the Skateboard technology which could be, Car, Military Omnibus or SUV EV.
With millions in the bank, skateboard technology and many prototypes with a debt free Shell and clean books. The sky really is the limit with a massive amount of tangibles to decide upon
With a massive multi billion dollar suit against Foxconn for fraud, being decided shorty, it's going to get interesting with CEO Gallagher who builds empires like his last successful turnaround, COOP. Shareholders couldn't be in a better place right now. I'm excited
Issued 20,442,296 Outstanding 16,096,296 Authorized 450,000,000 02/18/2025
Held at DTC 14,863,582
NRDE minute SS is sure to sending NU Ride Inc. sailing with a single announcement going forward
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