Sunday, March 06, 2011 2:13:18 PM
1) yes, the COO Scott O Neal told me directly the Class B preferred that were created on 2/10/11 were created for the funding, you can ask him directly at scott@evcarco.com
2) yes, those price points were set as an incentive to get the company to a much higher PPS. If they recieve the needed funding, most of those PPS targets will be easily surpassed, and the CEO will make out like a bandit. The reason why the CEO, Mack Sanders, is such a huge score for EVCA and was hired in December 2010 to replace the old CEO, is because he brings with him all of his contacts/distributors/friends in the car biz, which basically covers anything related to cars in the entire southern U.S. They hired him for his Rolodex. He really doesn't need to do anything, except to provide for a way to aquire used hybrids at wholsale and be able to distribute them to EVCA's car lots so they can keep the lots full of cars. Also, his distributor friends can move the EV and Foton CNG that EVCA will be selling cheaply across the country too.
Regarding the 6 month PPS target of .70
EVCA is getting non-paid promotion of .70 calls, which of course, is interesting.
http://ih.advfn.com/p.php?pid=nmona&article=46512588
2) yes, those price points were set as an incentive to get the company to a much higher PPS. If they recieve the needed funding, most of those PPS targets will be easily surpassed, and the CEO will make out like a bandit. The reason why the CEO, Mack Sanders, is such a huge score for EVCA and was hired in December 2010 to replace the old CEO, is because he brings with him all of his contacts/distributors/friends in the car biz, which basically covers anything related to cars in the entire southern U.S. They hired him for his Rolodex. He really doesn't need to do anything, except to provide for a way to aquire used hybrids at wholsale and be able to distribute them to EVCA's car lots so they can keep the lots full of cars. Also, his distributor friends can move the EV and Foton CNG that EVCA will be selling cheaply across the country too.
Regarding the 6 month PPS target of .70
EVCA is getting non-paid promotion of .70 calls, which of course, is interesting.
http://ih.advfn.com/p.php?pid=nmona&article=46512588
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