Saving Grace
1 day ago
$NRDE Trump supported Lordstown Motors/NU Ride Inc. EV Technology in the past with the Endurance,. (see below) We wonder what will come first as it's going to be big with Gallagher as CEO.
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 days 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
4 days ago
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.
We all know CEO Gallagher was the architect behind the reformation of COOP now trading at $110 pps.
Saving Grace
4 days ago
LMC, now NU Ride Inc. NRDE, already had the prototype SUV before the Endurance and shelved the SUV EV production, making way for Endurance production. NU Ride Inc. still has the electric SUV and "car to build upon" as stated in filings.
NU Ride Inc. with new ticker symbol is indeed a shell company to separate itself itself from old LMC opperations and begin with a new slate. That's common sense to any investor with common sense.
Nu Ride Inc. recently announced that they are now debt-free and have a significant amount of money in their bank account, giving them a promising start. With a strong manufacturing base and an electric car to build upon, they have the potential to create a successful EV business. The company was praised by Trump in the past and they aim to continue their success.
I believe this is the prototype below that CEO William Gallagher was talking about in the filings.
Nu Ride Inc. in advantageous position with no debt and cash reserves.
Potential for exciting opportunities in the EV market.
Building upon existing foundation for success.
Previous endorsement by Trump reflects past potential.
Hopes for fulfilling previous success and overcoming challenges.
Despite past setbacks, Nu Ride Inc. has found newfound financial stability and strategic positioning, giving them reason for optimism. Their solid financial foundation and clear vision for the future put them in an ideal position to take advantage of emerging opportunities within the EV market. By utilizing their expertise, resources, and partnerships, they can drive innovation, expand their market presence, and deliver value to both shareholders and customers. Although challenges and uncertainties will remain, the company's resilience and determination to succeed bode well for their prospects within the dynamic and evolving automotive industry
Below is the SUV EV that LMC built for Camping World prior to Endurance.
We must realize a new ticker separates old LMC from NU Ride Inc. NRDE for accounting purposes and a fresh start. It's common sense.
Saving Grace
6 days ago
Nobody knows Steve Burns purchase agreement details and Burns said, they didn't acquire "ALL" of LMC.
LMC, now NU Ride already had the prototype SUV before the Endurance and shelved the SUV EV production, making way for Endurance production. NU Ride Inc. still has the electric SUV and car to build upon as stated in filings.
It's all going to come together and the short selling banks are already insolvent.
When news breaks, NRDE will be going strait up and fast with such a minute SS. I wouldn't bet against NRDE, that's for sure.
Burns bought the Endurance line ONLY and not the SUV built for Camping World shown below or the car, that was reported in filings. Both are an absolute FACT and I could care less about the timing of filings or articles. The fact is, they still have both prototypes that remain in their possession. That may not sit well with short sellers and manipulators but it's the absolute truth.
The assembly plant under first day motions gave control to Lordstown Motors in which Legacy Lordstown became an entity and subsidiary of NU Ride Inc.
It's ALL in the filings and why the plant remains idle other than Monarch Tractor.
$NRDE NU Ride Inc. Optimism-For-Future-Success
Nu Ride Inc. recently announced that they are now debt-free and have a significant amount of money in their bank account, giving them a promising start. With a strong manufacturing base and an electric car to build upon, they have the potential to create a successful EV business. The company was praised by Trump in the past and they aim to continue their success.
Can Nu Ride Inc Create Success
Nu Ride Inc. in advantageous position with no debt and cash reserves.
Potential for exciting opportunities in the EV market.
Building upon existing foundation for success.
Previous endorsement by Trump reflects past potential.
Hopes for fulfilling previous success and overcoming challenges.
Despite past setbacks, Nu Ride Inc. has found newfound financial stability and strategic positioning, giving them reason for optimism. Their solid financial foundation and clear vision for the future put them in an ideal position to take advantage of emerging opportunities within the EV market. By utilizing their expertise, resources, and partnerships, they can drive innovation, expand their market presence, and deliver value to both shareholders and customers. Although challenges and uncertainties will remain, the company's resilience and determination to succeed bode well for their prospects within the dynamic and evolving automotive industry
NRDE NU Ride Inc. William Gallagher is responsible for restructuring COOP, now trading at $110.22 pps. I believe the EV pictured below is the mentioned electric car to build upon. Lets not forget the Electric SUV that LMC built for Camping World, before the Endurance went into production.
NRDE minute SS is sure to sending NU Ride Inc. sailing with a single announcement going forward.
Saving Grace
7 days ago
$NRDE NU Ride Inc. Optimism-For-Future-Success
Nu Ride Inc. recently announced that they are now debt-free and have a significant amount of money in their bank account, giving them a promising start. With a strong manufacturing base and an electric car to build upon, they have the potential to create a successful EV business. The company was praised by Trump in the past and they aim to continue their success.
Can Nu Ride Inc Create Success
Nu Ride Inc. in advantageous position with no debt and cash reserves.
Potential for exciting opportunities in the EV market.
Building upon existing foundation for success.
Previous endorsement by Trump reflects past potential.
Hopes for fulfilling previous success and overcoming challenges.
Despite past setbacks, Nu Ride Inc. has found newfound financial stability and strategic positioning, giving them reason for optimism. Their solid financial foundation and clear vision for the future put them in an ideal position to take advantage of emerging opportunities within the EV market. By utilizing their expertise, resources, and partnerships, they can drive innovation, expand their market presence, and deliver value to both shareholders and customers. Although challenges and uncertainties will remain, the company's resilience and determination to succeed bode well for their prospects within the dynamic and evolving automotive industry
NRDE NU Ride Inc. William Gallagher is responsible for restructuring COOP, now trading at $110.22 pps. I believe the EV pictured below is the mentioned electric car to build upon. Lets not forget the Electric SUV that LMC built for Camping World, before the Endurance went into production.
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. William Gallagher formed COOP, now trading at $108.22 pps.
Bill Gallagher has more than 35 years of experience in finance, investment and financial restructurings. He brings deep expertise in credit analysis and has long-term management experience in the financial services industry.
Prior to joining M3, Bill was the Chief Executive Officer at WMIH Corp (NASDAQ:WMIH), a public acquisition corporation which was the successor to Washington Mutual, Inc., from May 2015 to July 2018. Bill was recruited to WMIH to oversee its acquisition strategy and manage its day-to-day affairs. While there, he worked closely with WMIH’s strategic financial partner, Kohlberg Kravis Roberts & Co. At WMIH, Bill’s responsibilities included reviewing, vetting and analyzing a large number of potential target companies from a variety of different sectors and industry groups. Ultimately, WMIH acquired Nationstar Mortgage Holdings (NYSE symbol NSM) to form Mr. Cooper Group (NASDAQ:COOP). Bill departed from WMIH upon the closing of the acquisition of Nationstar as his job at WMIH was completed.
Prior to WMIH, Bill was CEO and Chief Risk Officer at Capmark Financial Group, formerly known as GMAC Commercial Mortgage (from March 2009 to May 2015). Bill was retained by Capmark to manage its financial restructuring following the global economic crisis and was responsible for the management of the company’s day-to-day affairs, the restructuring of both the company and its assets (including its $15 billion commercial loan portfolio), its bankruptcy process, and its winding down and distribution of assets to creditors and other stakeholders. Capmark was a highly successful restructuring as Bill and his colleagues significantly increased the recovery value to Capmark’s creditors.
Before joining Capmark, Bill was the Chief Credit Officer of RBS Greenwich Capital, the US fixed income investment banking business of the Royal Bank of Scotland, where he was responsible for all aspects of credit risk management. While at RBS Greenwich, Bill was responsible for a wide variety of US corporations and buy-side companies, including corporate borrowers and debt issuers, financial institutions, industrial companies with captive finance businesses, and a variety of US corporations who traded various securities with or through RBS Greenwich.
Earlier in his career, Bill was a Vice President at First Boston Corporation in that firm’s credit risk management department. At First Boston, Bill was responsible for managing credit risk to a wide variety of corporate issuers and financial institutions. Bill began his career at Chemical Bank, where he completed the bank’s credit training program and then worked as a loan officer in the middle market division and a credit officer in the financial institutions division.
Bill has a B.S. in business administration from Syracuse University and an MBA from New York University.
https://m3-partners.com/senior-team/william-gallagher/
William Gallagher
Chief Executive Officer and President
Since October 2018, Mr. Gallagher has served as a Managing Director of M3 Partners and has over 40 years of experience in finance, investment, and financial restructurings. From May 2015 to July 2018, Mr. Gallagher was the Chief Executive Officer and board member at WMIH Corp (NASDAQ:WMIH), a public acquisition corporation which was the successor to Washington Mutual, Inc. From March 2009 to May 2015, Mr. Gallagher was CEO, board member and Chief Risk Officer at Capmark Financial Group, formerly known as GMAC Commercial Mortgage. From September 1989 to February 2009, Mr. Gallagher was the chief credit officer at RBS Greenwich Capital. Mr. Gallagher started his career at Chemical Bank in July 1981 and he worked at First Boston from January 1985 to August 1989. He has a B.S. in business administration from Syracuse University and an MBA from New York University.
https://investor.lordstownmotors.com/management/william-gallagher
This explains why NU Ride Inc. Directors are currently buying large stakes in NRDE
[img]NRDE Nu Ride director Alexandre-Zyngier buys $89,746 in stock
https://www.investing.com/news/insider-trading-news/nu-ride-director-alexandre-zyngier-buys-89746-in-stock-93CH-3743539[/img]
Saving Grace
2 weeks ago
NU Ride Inc. Director Alex Zyngier added to Urgent.ly Inc. BOD.
Directors of NRDE are buying or adding large positions of NRDE 7 Buy's 0 Sells. Dir. Alex Zyngier is one of them. A good indicator of future plans.
Urgent.ly Inc. Announces Appointment of Alex Zyngier to the Board of Directors
January 27, 2025 at 10:14 am EST
Share
Urgent.ly Inc. announced its board of directors has appointed Alex Zyngier to serve as a member of the board, effective January 23, 2025. Alex is a seasoned leader with a proven track record of navigating complex business challenges and driving growth, said Matt Booth, Chief Executive Officer and President of Urgently. With over 30 years of investment, strategy, governance and operating experience across a range of industries, Alex brings a wealth of expertise to Urgently as the Company continues to transform the roadside assistance industry.
Alex is the Founder and Managing Director of Batuta Capital Advisors. He currently serves as Chairman of the Board for COFINA and EVO Transportation, as well as a director for various public and private companies, including Atari SA, Nu Ride, SlamCorp and Unifin Financiera. His extensive experience includes leadership roles in complex transactions, mergers and acquisitions, and strategic financial advisory.
Alexs diverse background spans roles as a Portfolio Manager at Alden Global/Smith Management, Goldman Sachs, and Deutsche Bank, focusing on distressed investments and special situations. He has also served as an Engagement Manager at McKinsey &Co. and a Technical Brand Manager at Procter & Gamble.
His educational background includes an MBA in Finance and Accounting from the University of Chicago and a Bachelor of Science in Chemical Engineering from UNICAMP.
Saving Grace
2 weeks ago
$NRDE NU Ride Inc. Optimism-For-Future-Success
Nu Ride Inc. recently announced that they are now debt-free and have a significant amount of money in their bank account, giving them a promising start. With a strong manufacturing base and an electric car to build upon, they have the potential to create a successful EV business. The company was praised by Trump in the past and they aim to continue their success.
Can Nu Ride Inc Create Success
Nu Ride Inc. in advantageous position with no debt and cash reserves.
Potential for exciting opportunities in the EV market.
Building upon existing foundation for success.
Previous endorsement by Trump reflects past potential.
Hopes for fulfilling previous success and overcoming challenges.
Despite past setbacks, Nu Ride Inc. has found newfound financial stability and strategic positioning, giving them reason for optimism. Their solid financial foundation and clear vision for the future put them in an ideal position to take advantage of emerging opportunities within the EV market. By utilizing their expertise, resources, and partnerships, they can drive innovation, expand their market presence, and deliver value to both shareholders and customers. Although challenges and uncertainties will remain, the company's resilience and determination to succeed bode well for their prospects within the dynamic and evolving automotive industry.
Saving Grace
1 month ago
NRDE NU Ride Inc. Short seller, Hindenburg Research shutting down!
Hindenburg Research was the firm whom sued, then CEO Burns for 100k pre-order claims. Now it is Hindenburg Research who is out of business. Article doesn't even mention RIDE, whom Hindenburg sued and won forcing Burns to step down. That is suspicious at best, willfully leaving RIDE out of article. Hmmm...
Hindenburg Research shutting down highlights 'wear and tear' of activist short-selling
Hindenburg Research was widely recognized as a top performer in the world of activist short selling.
That's why its abrupt shutdown last week sent waves across an industry in which pointing out company fraud and misconduct has become one of the riskiest, burdensome, and loathed corners of Wall Street.
Founder Nate Anderson gave no specific reason when he announced the closure of his firm, which rose to fame in 2020 with the short call of electric vehicle startup Nikola (NKLA). Since then, his targets have included Indian conglomerate Adani, holding conglomerate Icahn Enterprises (IEP), and most recently, server maker Super Micro Computer (SMCI).
“So why disband now? There is not one specific thing — no particular threat, no health issue, and no big personal issue,” wrote Anderson on his firm's site. He credited Hindenburg's work for playing a role in nearly 100 individuals charged civilly or criminally, "including billionaires and oligarchs."
But some industry watchers aren’t totally surprised to see the iconic short seller close shop a little more than a year after Jim Chanos, famous for wagering against Enron in 2001 also threw in the towel.
“It’s a very tough business not just because markets rip and are built to go up, but it puts a lot of wear and tear on you," Carson Block, founder and chief investment officer of Muddy Waters Capital told Yahoo Finance.
Simply put, the business of short selling in public has become increasingly scrutinized, litigious, and costly.
"Every year the bar to find 'stories,' for lack of a better word, that investors would care about gets higher," Block explained. "There’s just more complacency built in because basically all this easy money was anesthetizing investors to risk."
Short sellers borrow shares of a company they believe will go down in value and sell them. Once the stock price drops, they buy the shares back and return them to the lender, making a profit on the downside. Activist short sellers go further: They make a living by publishing reports claiming fraud or other misconduct at a company — and gain when its stock falls. Industry insiders say their research may include information from hedge funds looking to avoid recognition.
Depending on the structure of a deal, the research may be shared for free with the short-selling firm. Agreements can include shared profits or payment for legal fees in case the target company sues.
Though hedge funds tend to use short selling as an "insurance" to reduce exposure against a market drawdown or correction, the practice of exposing overvaluation or fraud hasn't been widely appreciated by most investors in a bull market, said Drayton D'Silva, CEO and chief investment officer at Tower Hills Capital.
"There’s this —essentially animosity and resentment towards short sellers because typically the average person is always going long,” D'Silva said.
“Yes [short selling] it does destroy value, but that value was always fake,” he added.
The epic retail investor-led short squeeze of video game retailer GameStop (GME) in 2021 that resulted in billions of dollars in losses of former hedge fund Melvin Capital put the focus, at least in recent years, on the practice of short selling. The meme frenzy that ensued prompted greater scrutiny of the business of targeting overvalued stocks.
"There was greater attention by the public to short selling. And because there was greater attention by the public to short selling, I think that drove politician and regulatory interest," said Dan Taylor, a professor at the University of Pennsylvania Wharton School.
Enter the Securities and Exchange Commission.
Last year, the SEC announced charges against activist short seller Andrew Left and Citron Capital, in what regulators described "as a $20 million multi-year scheme to defraud followers by publishing false and misleading statements related to stock trading recommendations."
In an interview with CNBC earlier this month, Left said, "I’ve never been accused by the SEC or the DOJ of ever lying about a company. That’s the key thing. I speak the truth about companies."
Also, in early January the Securities and Exchange Commission implemented new disclosure requirements intended to bring more transparency about funds' short-selling practices. The rules require reporting to the SEC daily short positions of at least $10 million. The agency will publish the aggregate of daily activity within about 30 days after the end of each calendar month.
Taylor believes such rules are "too tough."
"Why are we focusing here on disclosing short positions at the daily level, as opposed to both short and long positions at the daily level," Taylor said. "It's not that one type of position is necessarily more manipulative or more suspicious."
Tough rules aside, activists may be in the midst of a self-imposed pause.
"I think there’s a cyclical component here, and we’re coming out of a period that has been really tough for activist short sellers,” said Block of Muddy Waters Capital, though he pointed out 2021 turned out to be a good year for short selling.
Hindenburg's closure comes as the number of prominent players has declined in recent years. Breakout Point, a data analysis tracking site listed 42 active short seller firms last year, down from 62 in 2020.
Even so, the timing of Hindenburg's disbanding remains an enigma.
Among the top activists, Hindenburg has consistently ranked as a high performer, holding the No. 1 slot in 2024 based on the number of published reports, according to Breakout Point data.
"He’s basically going out on top," Block said. "Most people when they leave short selling, it’s after they’ve experienced a reversal of fortune. So Nate’s ahead of the curve on that one.”
https://finance.yahoo.com/news/hindenburg-research-shutting-down-highlights-wear-and-tear-of-activist-short-selling-143652817.html
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JoshTaeger
23 hours ago
StayHumble
2 days ago
