Ed Wimberly

Doing the math, the top five board members own 9,851,546 shares that is 61% of the outstanding shares as I see it. They have been buying up over the last three months. It seems that that’s a positive and I inferred from that that they are positive about the fox con settlement either in or out of court. I could be wrong.

On January 2, 5 board members purchased thousands of NRDE shares. This has been repeated about every six weeks for the last several months. Does this not send a clue as to (likely) the status of the Foxconn legal battle??

Or could it mean he is extremely confident in the shell company, especially confident that Foxconn will eventually pay up- possibly big time?

When NRDE wins a sizable suit against Foxconn.
No doubt will take a while, but believe we are moving in that direction. And then they will be free to make a deal with their tax incentives in place and ready to help a sizable company that needs tax relief.
I do believe it’s just a matter of time and with only 16 million shares outstanding. The response should be significant.
I too am tired of waiting, but will definitely continue to do so

This stock activity on NRDE is very very strange, to say the least. Apparently no news but volume is incredibly high on this site and shows $.27 lost today.
Then on Schwab, it shows an even higher trading number, but up eight cents due to some big orders right at the last five minutes. Anybody know anything? On Schwab it closed up eight cents at 171. Different than here.

I couldn’t agree with Adasko more regarding NRDE being worth the risk. And admittedly, it is a risk. However, consider if NRDE won a judgment of only
300M, with only 16 million shares outstanding that translates into some 13.75 per share. Granted they could be given nothing by the courts, but by the same token they could be given way way more than 300 million. Who knows how long it will take, but hopefully there is talks going on in order to avoid going to court in two years.

Here’s a scenario – of course a very long shot but a scenario nonetheless
Fox con buys new ride for $1 billion for two reasons:
To benefit from the 1.8 billion tax carryover, as well as to get out from under a suit that I suspect they know they will lose and it will cost money defending. I believe they want to get on with life and that this is an albatross around their neck.
At $1 billion, that gives NRDE a stock value of $62 a share. Laugh if you will, but if not, fox con I suspect other companies are looking at this possibility. New ride doesn’t want to move on any of those possibilities until after fox gone suit is finished, but it will happen with some company at some level financially, which will pay off for stockholders.

It’s simple. The value of NRDE’s holding some 1.8 B in tax credits that can and will be sold for a great deal of cash, is finally being understood by more investors.
And that, in addition to any settlement in the Foxconn debacle. A likely positive outcome in that case (eventually!) is also beginning to light a bit of a spark under the stock. That spark, I believe will continue to grow.

I don’t agree with braff. NRDE reported to sec on their holding some 1.8B in sellable tax credits. I doubt they’d lie to the sec.

Could it be that investors are finally beginning to realize the value of NRDE’s asset in their $1.8 billion tax write off that is a sellable asset? Even at 1/3 that 500 million or so would translate into around $30 a share. Typically tax credits sell for around 50 to 70% of face value. And this tax credit value is all aside from the outcome of the Foxconn suit.
Seems to me that there is a great deal of value in all of this potential that perhaps is beginning to be seen by more investors.