Saving Grace
19 hours ago
NRDE NU Ride Inc. Massive Buy Director! ZYNGIER ALEXANDRE
Class A Common Stock 11/22/2024 P 36,882 A $1.45 158,484 I By HZ Investments LLC(1)
Class A Common Stock 11/26/2024 P 24,018 A $1.51 182,502 I By HZ Investments LLC(1)
Class A Common Stock 52,747(2) D
https://www.otcmarkets.com/filing/conv_pdf?id=18008077&guid=bYY-knYSq3ECJth
Excellent indication why short selling banks and hedge funds are extremely terrified! Terrified!
Company Name: MIH EV DESIGN LLC
Entity Type: DELAWARE DOMESTIC LIMITED-LIABILITY COMPANY
File Number: 6791275
Filing State: Delaware (DE)
Filing Status: Active
Filing Date: May 11, 2022
Company Age: 2 Years, 6 Months
Registered Agent:
Map Icon spacer Corporation Service Company
251 Little Falls Drive
Wilmington, DE 19808
Governing Agency: Delaware Secretary of State
========================================
MIH EV DESIGN LLC
Delaware Secretary Of State Business Registration · Updated 11/18/2024
MIH EV DESIGN LLC is a Delaware Domestic Limited-Liability Company filed on May 11, 2022. The company's filing status is listed as Active and its File Number is 6791275.
The Registered Agent on file for this company is Corporation Service Company and is located at 251 Little Falls Drive, Wilmington, DE 19808.
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================================================
MIH EV DESIGN LLC
Delaware Secretary Of State Business Registration · Updated 11/18/2024
MIH EV DESIGN LLC is a Delaware Domestic Limited-Liability Company filed on May 11, 2022. The company's filing status is listed as Active and its File Number is 6791275.
The Registered Agent on file for this company is Corporation Service Company and is located at 251 Little Falls Drive, Wilmington, DE 19808.
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========================================================
Monday, October 14, 2024 Dan O'Brien
Foxconn Unveils Electric SUV for US Market
YOUNGSTOWN, Ohio – By the end of next year, Foxconn plans to have its electric Model C sport utility vehicle in production for the North American market, the company announced.
Taiwan-based Foxconn, also known as Hon Hai Technology Group, unveiled the slightly revised model during Hon Hai Tech Day in Taipei last week.
“The Model C, designed together with our American partners specifically for the U.S. market, will be launching at the end of 2025,” said Andy Lee, CEO of Foxtron, a subsidiary of Foxconn. “Stay tuned.”
Lee said the North American version of the vehicle will include several alterations from the Taiwanese vehicle. He did not identify which partners Foxtron was working with in the U.S.
This must be the EV from the filing. Whatever deal that was brokered, had to be conducted from a fresh start Shell position. We already know that both Foxconn and NU Ride are under NDA's and why the partner wasn't disclosed on purpose. Now, we also know that MIH EV DESIGN LLC was updated 11/18/2024 and not dissolved as previously thought. It's game on and we also know that Monarch Tractor is the only thing manufactured at the plant. “Stay tuned.” said Andy Lee, CEO of Foxtron
Saving Grace
3 days ago
NRDE NU Ride Inc. Massive Buy Director! ZYNGIER ALEXANDRE
Class A Common Stock 11/22/2024 P 36,882 A $1.45 158,484 I By HZ Investments LLC(1)
Class A Common Stock 11/26/2024 P 24,018 A $1.51 182,502 I By HZ Investments LLC(1)
Class A Common Stock 52,747(2) D
https://www.otcmarkets.com/filing/conv_pdf?id=18008077&guid=bYY-knYSq3ECJth
SEC Transactions Last 6 Months
Buy / Sell
Buys
2
Sells
https://www.otcmarkets.com/stock/NRDE/disclosure
0
Total
2
Shares
Bought
60,900
Sold
0
Gross
60,900
Net
60,900
https://www.otcmarkets.com/stock/NRDE/disclosure
Saving Grace
5 days ago
Company Name: MIH EV DESIGN LLC
Entity Type: DELAWARE DOMESTIC LIMITED-LIABILITY COMPANY
File Number: 6791275
Filing State: Delaware (DE)
Filing Status: Active
Filing Date: May 11, 2022
Company Age: 2 Years, 6 Months
Registered Agent:
Map Icon spacer Corporation Service Company
251 Little Falls Drive
Wilmington, DE 19808
Governing Agency: Delaware Secretary of State
========================================
MIH EV DESIGN LLC
Delaware Secretary Of State Business Registration · Updated 11/18/2024
MIH EV DESIGN LLC is a Delaware Domestic Limited-Liability Company filed on May 11, 2022. The company's filing status is listed as Active and its File Number is 6791275.
The Registered Agent on file for this company is Corporation Service Company and is located at 251 Little Falls Drive, Wilmington, DE 19808.
spacerLike Bizapedia On Facebook
================================================
MIH EV DESIGN LLC
Delaware Secretary Of State Business Registration · Updated 11/18/2024
MIH EV DESIGN LLC is a Delaware Domestic Limited-Liability Company filed on May 11, 2022. The company's filing status is listed as Active and its File Number is 6791275.
The Registered Agent on file for this company is Corporation Service Company and is located at 251 Little Falls Drive, Wilmington, DE 19808.
spacerLike Bizapedia On Facebook
========================================================
Monday, October 14, 2024 Dan O'Brien
Foxconn Unveils Electric SUV for US Market
YOUNGSTOWN, Ohio – By the end of next year, Foxconn plans to have its electric Model C sport utility vehicle in production for the North American market, the company announced.
Taiwan-based Foxconn, also known as Hon Hai Technology Group, unveiled the slightly revised model during Hon Hai Tech Day in Taipei last week.
“The Model C, designed together with our American partners specifically for the U.S. market, will be launching at the end of 2025,” said Andy Lee, CEO of Foxtron, a subsidiary of Foxconn. “Stay tuned.”
Lee said the North American version of the vehicle will include several alterations from the Taiwanese vehicle. He did not identify which partners Foxtron was working with in the U.S.
This must be the EV from the filing. Whatever deal that was brokered, had to be conducted from a fresh start Shell position. We already know that both Foxconn and NU Ride are under NDA's and why the partner wasn't disclosed on purpose. Now, we also know that MIH EV DESIGN LLC was updated 11/18/2024 and not dissolved as previously thought. It's game on and we also know that Monarch Tractor is the only thing manufactured at the plant. “Stay tuned.” said Andy Lee, CEO of Foxtron
Foxconn operates a manufacturing plant in Lordstown, Ohio, which it purchased from Lordstown Motors Corp. in 2022. That factory today manufactures the MK-V, an electric autonomous-option tractor designed by Monarch Tractor.
Saving Grace
5 days ago
Lordstown Assembly From Wikipedia. For the current plant on this site, see Lordstown Motors. Nu Ride Inc. (formerly known as Lordstown Motors Corporation) is an American electric vehicle automaker located in Lordstown, Ohio. The company was based at the Lordstown Assembly plant, previously a General Motors factory.[2] Lordstown Motors was known for its Lordstown Endurance electric pickup truck. In March 2024, the company emerged from its September 2023 bankruptcy restructuring as Nu Ride Inc. (stock: NRDE at OTC), headquartered in New York City.[3][4]
https://en.wikipedia.org/wiki/Lordstown_Assembly#History
The link for current current plant on this site now goes directly to Lordstown Motors NU Ride Inc.
Doesn't say Foxconn anymore does it! It's Going to be BIG!
Those who are paying attention and act, will win Big. Strong Hold
Saving Grace
5 days ago
This I believe, is the mentioned car in the report
This Van, 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. RU 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 $91.21 pps.
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 RU 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.
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.
Saving Grace
6 days ago
Yes, a humongous payday approaches.
humongous /hyoo?-mong'g?s, -mung'-/
adjective
Extremely large; enormous. Of an extremely large size. (used informally) very large.
Valued at $5.3 billion. Stage being set. Case moves on.
Naming all of Hon Hai Precision Industry )
Co., Ltd (a/k/a Hon Hai )
Technology Group), )
Foxconn EV Technology, Inc., )
Foxconn Ventures Pte. Ltd., )
Foxconn (Far East) Limited, )
and Foxconn EV System LLC, )
Defendants.)
Entire Document
https://veritaglobal.net/lordstown/document/2310831240807000000000010
Bullish
Bullish
Saving Grace
1 week ago
Latest report mentions assets not in sales agreement and undisclosed merger referenced in financials. Reading between the lines.
This I believe, is the mentioned car in the report
This one 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. RU 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 $91.21 pps.
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 RU 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.
Saving Grace
2 weeks ago
Yes, a humongous payday approaches.
humongous /hyoo?-mong'g?s, -mung'-/
adjective
Extremely large; enormous. Of an extremely large size. (used informally) very large.
Valued at $5.3 billion. Stage being set. Case moves on.
Naming all of Hon Hai Precision Industry )
Co., Ltd (a/k/a Hon Hai )
Technology Group), )
Foxconn EV Technology, Inc., )
Foxconn Ventures Pte. Ltd., )
Foxconn (Far East) Limited, )
and Foxconn EV System LLC, )
Defendants.)
Entire Document
https://veritaglobal.net/lordstown/document/2310831240807000000000010
Bullish
Bullish
NU Ride Inc. will own Foxconn in the end.
Saving Grace
2 weeks ago
With 57 million in the bank as reported, the possibilities are endless.
Lawsuit against Foxconn will be huge.
Valued at $5.3 billion. Stage being set. Case moves on.
Naming all of Hon Hai Precision Industry )
Co., Ltd (a/k/a Hon Hai )
Technology Group), )
Foxconn EV Technology, Inc., )
Foxconn Ventures Pte. Ltd., )
Foxconn (Far East) Limited, )
and Foxconn EV System LLC, )
Defendants.)
Entire Document
https://veritaglobal.net/lordstown/document/2310831240807000000000010
Bullish
Bullish
Saving Grace
2 weeks ago
Latest report mentions assets not in sales agreement and undisclosed merger referenced in financials. Reading between the lines.
This I believe, is the mentioned car in the report.
This one 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. RU 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 $91.21 pps.
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 RU 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.
Saving Grace
2 weeks ago
PROPERTY, PLANT AND EQUIPMENT AND ASSETS
The Company determined that its property, plant, and equipment represent one asset group which is the lowest
level for which identifiable cash flows are available. Historically, fair value of the Company’s property, plant, and
equipment was derived from the Company’s enterprise value at the time of impairment as the Company believed it
represented the most appropriate fair value of the asset group in accordance with accounting guidance. In light of
the Chapter 11 Cases, as discussed above, the Company valued its property, plant and equipment based on their
estimated residual value as of June 30, 2023. Accordingly, there was no property, plant and equipment or assets
held for sale impairment charge recognized for the quarter ended September 30, 2023. During the three and nine
months ended September 30, 2023, the Company recognized an impairment loss of $0.7 million on its right of use
assets as these assets were not assumed in the LandX Purchase Agreement. The fair values were estimated
using a cost approach based on the rejection damages on unexpired leases, considering that such damages
reasonably approximate the cost to enter into a new lease for the remaining time period. No such charges were
incurred for the three and nine months ended September 30, 2024
Net Cash Used in Operating Activities
Net cash used in operating activities decreased by $90.0 million for the nine months ended September 30, 2024
compared to 2023. The decrease of cash used in operating activities, was principally due to the cessation of
operations as a result of the Chapter 11 Cases. The Company’s net loss, as adjusted to reconcile cash used by
operating activities was $342.7 million for the first nine months of 2023, compared to $6.9 million for same period
of 2024. The net loss, as adjusted to reconcile cash used by operating activities for the first nine months of 2023
included non-cash impairment charges of $140.2 million, $24.1 million related to the write down of inventory and
prepaid inventory, $2.8 million for the loss on disposal of fixed assets, $6.6 million of stock-based compensation,
and $54.4 million in depreciation of property, plant and equipment and intangible assets, partially offset by $2.2
million of other non-cash changes. No such charges were incurred in the first nine months of 2024 with the
exception of stock-based compensation, which totaled $3.5 million for the nine months ended September 30,
2024.
https://www.otcmarkets.com/filing/conv_pdf?id=17965171&guid=TAY-kaxQtUxpJth
https://www.otcmarkets.com/filing/conv_pdf?id=17965171&guid=TAY-kaxQtUxpJth
JoshTaeger
2 weeks ago
Worth repeating...
NoRide's 10-Q for the Q ended September 30th was filed today.
Here are some tidbits:
"Inventory and Inventory Valuation
"Substantially all the Company’s inventory was specific to the production of the Endurance. As discussed above, the Company ceased production of the Endurance in June 2023. All of our Endurance inventory was sold pursuant to closing the LandX Asset Purchase Agreement in the fourth quarter of 2023."
"Property, Plant and Equipment
"Property, plant and equipment were stated at cost less accumulated depreciation and impairment charges. Depreciation was computed using the straight-line method over the estimated useful lives and residual values of the related assets. Maintenance and repair expenditures were expensed as incurred, while major improvements that increase functionality of the asset are capitalized and depreciated ratably to expense over the identified useful life.
"Substantially all our property, plant and equipment were sold pursuant to closing the LandX Asset Purchase Agreement in the fourth quarter of 2023."
"Liquidity and Capital Resources
"As a result of our accumulated deficit, lack of any immediate sources of revenue, and the risks and uncertainties related to (i) our ability to successfully resolve litigation and other claims that may be filed against us, (ii) the effects of disruption from the Chapter 11 Cases, including the loss of our personnel, and (iii) the costs of the Chapter 11 Cases, substantial doubt exists regarding our ability to continue as a going concern for a period of at least one year from the date of issuance of these condensed consolidated financial statements."
Saving Grace
2 weeks ago
This I believe, is the mentioned car in the report.
This one 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. RU 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. NU 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 $91.21 pps.
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 RU Ride Inc.
This one 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. RU 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. NU 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 $91.21 pps.
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 RU 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.
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