Green Automotive Co Corp (fka GACR)

[michaeldesanta]

GACR is a 2 year play.

I just finished reading all the new filings and have to say, I'm impressed. But before getting into the details, I have to reiterate what I've been saying all along. GACR is a long term play. The new filings just reinforces that. The Global Business Plan will take up through 2016 to go into full effect, although things may be quicker depending on market conditions on the ground. Anyone who's not going to sit long should bail out now, because this is a ride for someone willing to hold.

The most recent filings detail the transaction with Blackhawk Manufacturing, Inc. (BMI) and also the agreements with the executives. Both Floyd Sanders and Lin Austin are entrusted with helping GAC management work together to increase shareholder value and reach their target goal by end of 2016. All four BMI executives have a stretch goal as well, with an earn out bonus for exceeding division profitability. The target profitability for each year will be:

2014 - $312,199
2015 - $343,149
2016 - $377,761

There's also a $1.5 million net profit stretch goal, so if the goal is met, they'll also see the stretch goal bonus. Bottom line is...

... GACR is a 1-2 year play from hereon.

SOURCE: https://www.sec.gov/Archives/edgar/data/1497632/000151597114000141/exhibit106.htm