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2050 Motors Inc. (ETFM)

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Last Post: 5/24/2019 5:56:20 AM - Followers: 233 - Board type: Free - Posts Today: 1

 


2050 Motors Inc. (Stock Symbol ETFM)

 

As of March 06, 2019, the company has a new CEO, Vik Grover. Mr. Grover has over 25 yrs experience on Wall Street as a banker and analyst at technology-focused firms such as Needham & Co. and Thomas Weisel Partners and has previous public company experience in various capacities. He has a Master of Science Degree in Management (MSM) from the Georgia Institute of Technology and is a Chartered Financial Analyst (CFA).

Our new CEO’s vision for the company was articulated well in his first press release dated 03/08/2019…

THE COMPANY IS NEGOTIATING A SUPPLY AGREEMENT WITH A CANADIAN BASED MANUFACTURER OF ELECTRIC BIKES that has been in business for almost 20 years with sales locations across the country. THE COMPANY INTENDS TO LAUNCH SHOWROOMS FOR THESE VEHICLES, which include eBikes, eScooters, e3wheelers, eATVs, eRickshaws and even eSnowmobiles and become a master distributor in select major markets across the USA. THE COMPANY WILL BE SIGNING A PARTNERSHIP IN NYC TO DEPLOY A 4,000 sqft eBIKE SHOWROOM AND IS REVIEWING A HIGH-PROFILE LOCATION IN CHICAGO FOR A SIMILAR VENUE TARGETING THE MIDWEST. Other major markets across the Eastern Seaboard, the Gulf Shores, and possibly Texas are expected to follow while online sales will allow 2050 to target customers anywhere.

The eBike market is wide open for new entrants. For example, New York recently approved new rules for electric bikes, allowing pedal-assist bicycles that require a rider to pedal to activate an electric motor and to keep the bike moving. Bikes favored by delivery workers, known as throttle-controlled electric bikes, that can travel faster than 20 MPH, remain illegal, a decision that has been mocked by thousands of drivers who purchase and ride such machines throughout the city and state and are rarely ticketed. Uber, after buying Jump for $200 million in 2018, launched eBike ride-sharing in the five boroughs, and others like Lyft, who spent $250 million on Motivate in 2018, are testing eBike deployments in anticipation of rules changes by the New York administration and DOT. I expect the substantial lobbying power of Uber and Lyft, further fueled by demand from eBike riders, to change policy in New York. So, you can see, THE TIMING OF OUR SHOWROOM LAUNCH IN NEW YORK COULD NOT BE BETTER, as it will position 2050 to capitalize on a tidal wave of demand for eBikes in this large, landmark market.

2050’s new strategy can be summed up in three phases.

Phase I): Bring 2050 current with SEC filings, launch eBike distribution in major markets in the USA, sell and support machines branded and built by our Canadian manufacturer partner.

Phase II): Expand into markets East of the Mississippi and in Texas, test market in international locations, white-label our own branded machines for B2C sales.

Phase III): Launch vehicle sharing/rental services in our core markets to leverage our footprint and capitalize on eBike awareness throughout the country. For now, we will avoid the West Coast, due to hyper competition and the endless money supplied to ride sharing and related businesses by Silicon Valley and venture backed unicorns.

Separately, 2050 is in discussions with M&A candidates in other high growth energy-related fields including Power over Ethernet (PoE) and Light Emitting Diodes (LEDs). We believe there are substantial growth opportunities in these markets that are a play on the global growth of the Internet of Things (IoT). Without going into too much detail, we plan on targeting the network on the road with EVs. PoE and LED will allow us to target the network in the ceiling and the network in the sky. Stay tuned.

Bottom Line: 2050 is entering a new chapter of growth. We have every belief that William Fowler and his team can revitalize TPMC as a private entity, minority-owned by 2050, and bring electric automobiles as planned years ago to the U.S. market. Funding outside of 2050 will allow TPMC to speak to deep pocketed investors that require their investments to be private, and TPMC will be able to deploy substantial capital without massive dilution to 2050’s public shareholders. The “new” 2050 intends to aggressively enter the EV market with a distribution plan for eBikes, delivered by a manufacturer we have targeted and expect to sign this month. M&A in other technology fields have the potential to provide additional long-term upside.

NOTE (1): IN REFERENCE TO THE ABOVE POST, THIS ONGOING DEVELOPMENT STILL HAS HUGE POTENTIAL AS WELL! The exclusive license and rights to the Jiangsu Aokin New Energy Automobile Co, Ltd (Aoxin) to import, distribute and assemble their automobiles in the USA is still intact, however, the operation has been spun out into a private company, but don’t forget that ETFM still benefits from future developments as outlined below in the 8K dated 03/07/2019…

Item 5.01 Changes in Control of Registrant.

In accordance with Item 5.01 Changes in Control of Registrant and as part of this transition plan, current management and the Board are simultaneously tendering their resignations from the Company ETFM on March 6, 2019. By no later than March 15, 2019, as majority shareholder in ETFM, you will prepare Agreement between ETFM, public corporation, which owns the exclusive license and rights to the Jiangsu Aoxin New Energy Automobile Co., Ltd., (Aoxin) to import, distribute and assemble their automobiles in the USA and subsidiary, Nevada private corporation, 2050 Motors, Inc. (TFPC) for the following:

As consideration, 2050 Motors, Inc.(ETFM) will transfer to current Management and Investors, to be determined in TFPC, eighty (80) percent ownership in exchange for retaining a twenty (20) percent ownership interest in 2050 Motors, Inc., Private Corporation (TFPC) and corporate note from TFPC in the amount of Fifty ($50K) thousand dollars at 8% interest per annum to be paid out of net profits. ETFM will appoint William L. Fowler as President of 2050 Motors, Inc. private Nevada corporation (TFPC) to raise operating capital for expenses to negotiate terms and conditions to maintain Exclusive License with Aoxin.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 6, 2019, Mr. William L. Fowler resigned his positions as President/CEO along with any other executive officer positions he held with the Company. The Board, in the best interest of the Company, accepted Mr. Fowler’s resignation and thanked him for his service on behalf of the Company.

On March 6, 2019, in the best interest of the Company, the Board of Directors also appointed Vikram Grover to the positions of President/CEO, Secretary, Treasurer, Chief Financial Officer, and as Board Member of the Company. Following is some background information on Mr. Grover:

Vikram Grover

Mr. Grover is a seasoned Wall Street veteran with over two decades of experience as a sell-side research analyst and investment banker at technology-focused brokerage firms, including Needham & Co. and Thomas Weisel Partners (now Stifel Nicolaus). He is familiar with small-cap public company finance and has a broad network of money managers, family offices, high net worth investors, strategic partners and M&A targets in the U.S. and abroad. Mr. Grover has a M.S. in Management from the Georgia Institute of Technology and is a Chartered Financial Analyst (CFA).

Mr. Grover will serve until the next annual meeting of stockholders of the Company and until such officer’s and/or director’s successor is elected and qualified or until such officer’s and/or director’s earlier death, resignation or removal.

Presently, the commitments with regard to compensation or remuneration for Mr. Grover are as follows:

1) Granting Vikram Grover the compensation package of 100 million common stock purchase warrants with a strike price of $0.001 (one tenth of a cent) and a 5-year expiration date. Vesting date and start date of the five-year expiration period will commence when the Company is brought fully-reporting and current with its required SEC filings (i.e., forms 10-Q, 10-K, etc.) The number of warrants will be doubled at the end of the first year from issuance if at any time from issuance of the initial warrants, ETFM’s closing bid price is greater than one cent ($0.01) for 10 consecutive business days / trading sessions.

2) Assignment of nine (9) million shares of Preferred Stock in 2050 Motors, Inc. at a 50 to 1 ratio (representing 450,000,000 votes) to the order of Vikram Grover.

The Company has no employee benefit plans or other compensation plans.

On March 6, 2019, Mr. Bernd Schaefers resigned his positions as Board Member and Secretary along with any other executive officer positions he held with the Company. The Board, in the best interest of the Company, accepted Mr. Schaefers’ resignation and thanked him for his service on behalf of the Company.

 
 

NOTE (2): MR. GROVER HAS A HUGE INCENTIVE TO BUILD THE COMPANY AND THE SUBSEQUENT PRICE PER SHARE AS OUTLINED IN THE UNDERLINED SECTION OF THE 8K ABOVE…

NOW THAT YOU’VE READ THE OVERALL VISION, TAKE A LOOK AT THE LATEST CORRESPONDING ADVISORY BOARD ADDITIONS…
Do you see the synergies here???

Mr. Grover is in the process of aggressively assembling a world class level advisory board of up to five technology, finance and business professionals that will guide the company through its future growth in the electric vehicle (EV) market. Already to date, the following individuals have been appointed to the board…

(1)    Aldo Baiocchi is our first Advisory Board Member. He is the President and founder of Daymak Inc. and is responsible for the vision and daily operation of the Company. Under Mr. Baiocchi’s leadership, Daymak has sold over $100 million worth of eBikes since its inception. The Company is the largest distributor of eBikes in Canada with over 100 dealers worldwide. Daymak is the developer of the Daymak Drive Bluetooth controller technology that is a universal controller acting as the brain of an electric vehicle. It is featured in Daymak’s eATVs, eBikes, eScooters, mobility products and mini dirt bikes. The controller features GPS, geo-fencing, motor lock, re-gen brake, motor lock and many more features. Daymak is also the developer of the Daymak Beast Scooter, Daymak Beast ATV, and Boomerbeast mobility scooter, popular new models with substantial demand evidenced in the market. These vehicles feature all-wheel drive and an all-electric drive trained-controlled by the Daymak Drive controller. Additionally, Daymak has developed the EC1 (Electric Carbon eBike). Featuring a light carbon frame and fully-integrated display in the handlebar, the EC1 is one of the lightest electric bikes in the market. Daymak has been named one of the fastest growing companies in Canada according to Profit Magazine. Baiocchi has won several awards including the Cleantech North Award for the development of the Company’s Shadow eBike (first wireless eBike) and Daymak has been named one of the Greenest companies in Ontario. The Company is based in Toronto, Canada. Baiocchi has over 25 years’ experience in management roles. Previously he was Vice President of Production at Microforum Inc. (TSE from 1987-1997) where he developed several software programs including “Virtual Corporation”, a voice-activated game, and the PC “New Beat Trancemission”. Aldo was President of Aludra Inc. from 1997-2001 a computer software company. Mr. Baiocchi is an avid entrepreneur with over 30 years’ experience, has a vision to proliferate electric bikes, electric vehicles and drones globally through e-sales, e-ridesharing and e-rental programs/clubs, and has a Bachelor’s Degree from York University.

 
(2)  Ted Flomenhaft is the CEO and Owner of EDGE FiberNet. Mr. Flomenhaft is an experienced communications and finance executive with substantial experience building emerging growth technology companies. His working relationships with multi-billion-dollar revenue companies in the technology field targeting the substantial, high-growth power over ethernet and light emitting diode (PoE / LED) industry, illustrate a market opportunity for 2050 that provides potential upside to the Company’s stand-alone electric vehicle (EV) business plan. EDGE FiberNet, Inc. shares 2050, Inc.’s dedication to carbon-neutrality by 2050, individual health, happiness, fun and making the world a better place. Altogether, transportation, heating, cooling and lighting consume 57% of global energy resources and directly impact the planet’s health and wellness. EDGE is an established provider of technical services in the areas of Internet, phone, energy efficient lighting and HVAC technologies such as PoE LED lighting and VRF HVAC systems. We have immediate plans to use, promote and support electric vehicles in the Northeast United States and have identified 4,000 square feet of space in our NYC headquarters to use as a showroom for 2050 EV product distribution. We’re excited to support 2050’s goals in the areas of efficient business operations, technical excellence, product affordability, supply-chain efficiency, market awareness and owner-experience. We look forward to building a business like 2050 leveraged to the high growth markets of electric vehicles, lighting and technology. In 2008, Flomenhaft started EVA Capital, Inc. to pursue M&A, private equity and merchant banking financing transactions across various industries, with a specialty focus on telecommunications and technology. EDGE FiberNet, Inc. is a Brooklyn-based company created to acquire and develop leading NYC independent commercial Internet service providers (ISP’s), VoIP and UC phone companies (voice over Internet protocol, unified communications) and IT Consultants that serve the Tri-State region. EDGE specializes in Internet, VoIP services, IT Consulting, Smart Building Technology, Internet of Things (IoT) implementation, VRF HVAC Solutions that reduce energy consumption 25% in alliance with Green Star Energy Solutions, and PoE LED lighting solutions that reduce the lighting build cost of construction by $1-$3/sq. ft. EDGE is a Molex CoreSync Alliance Member and Focused Advisory Representative.
 

 

CORRESPONDING WEBSITES


 



Most recent filings:
https://www.otcmarkets.com/stock/ETFM/disclosure

2050 MOTORS, INC.

1340 Brook St. Unit M
St Charles, Illinois 60174

Symbol "ETFM"


 

===>>> BUYER  BEWARE !! <<<===

OTCMARKETS Issues "STOP SIGN"

Delinquent Financials

Previous Filings show minuscule Assets, HUGE Debts & Liabilities.


https://www.otcmarkets.com/stock/etfm/security



3rd Party Pump-N-Dump Promotion Underway ?

BEWARE: Similarities to other Photoshop Fake Car Scams

===========================================================================================
 
Outstanding Shares:      722,070,644      as of  03/22/2019





https://www.google.com/amp/s/www.marketwatch.com/amp/story/guid/ACC1079E-344B-11E8-BF33-EE6BD1423D3B


2050 "HEADQUARTERS" 

at Vikram Grover's home
1340 Brook Street, Unit M, St. Charles, Illinois 60714





FEB 2019: O/S Raised from 188,677,326 to 655,064,144

 
ETFM
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ETFM News: Statement of Beneficial Ownership (sc 13d) 05/21/2019 05:28:45 PM
ETFM News: Statement of Beneficial Ownership (sc 13d) 05/21/2019 05:27:58 PM
ETFM News: Statement of Beneficial Ownership (sc 13d) 05/21/2019 05:26:28 PM
ETFM News: Initial Statement of Beneficial Ownership (3) 05/21/2019 05:24:37 PM
ETFM News: Initial Statement of Beneficial Ownership (3) 05/21/2019 05:22:26 PM
PlusOneCoin Top Posts
#11681   THIS NEW CEO SEEMS TO KNOW WHAT HE INTHEKNOW1 05/20/19 03:38:58 PM
#11649   LOOK FOR RUN INTO TEENS JMHO;-) INTHEKNOW1 05/20/19 08:35:42 AM
#11615   483K CEO WAY OF VOTE OF CONFIDENCE IN INTHEKNOW1 05/16/19 10:52:32 PM
PostSubject
#11684  Sticky Note Vikram Grover has run so many scams. JesusChristSuperstar 05/20/19 04:07:23 PM
#11386  Sticky Note Give me just one good reason why Vikram powerbattles 05/10/19 11:42:58 PM
#1868  Sticky Note Broke, Delinquent, Debt-Ridden Toxic-Financed printing press...YIPPEE !! Homebrew 01/26/19 05:13:13 PM
#11759   https://2050motors.com/2019/05/2050-to-launch-global-cannabis-social-network-kan MR. GWINIS 05/23/19 11:07:39 PM
#11752   Hahaha it's going to go lower. 0.0004 should CannabisPower 05/23/19 04:23:09 PM
#11751   The "CEO" is Vikram Grover and he is JesusChristSuperstar 05/23/19 01:26:19 PM
#11750   YIPPEE !! Added five million .0007 and more powerbattles 05/23/19 12:33:03 PM
#11748   THIS CEO IS ON THE BALL.. https://screenshots.firefox.com/jMwWsuL INTHEKNOW1 05/23/19 11:41:15 AM
#11747   I love the cheapies here. Finally they filled powerbattles 05/23/19 11:19:28 AM
#11746   IM VERY IMPRESSED WITH VIC GROVER SO FAR. INTHEKNOW1 05/23/19 09:30:52 AM
#11745   I'm not taking a position one way or work-n-hard 05/23/19 08:39:28 AM
#11744   ETFM from $.0037 March buy-alert to $.0007? waterchaser 05/23/19 08:02:09 AM
#11743   New CEO took over the company since march powerbattles 05/23/19 02:21:09 AM
#11742   How did u end up on ETFM? Smilin_B 05/23/19 01:23:26 AM
#11741   ACCUMULATE WHEN POSSIBLE;-) INTHEKNOW1 05/22/19 11:51:33 PM
#11740   If I had a dollar for every time Dleather25 05/22/19 11:43:42 PM
#11738   Do you have a link to a current Mojocash 05/22/19 09:03:49 PM
#11737   Nice, , but that data is worthless intraday waterchaser 05/22/19 08:50:22 PM
#11736   May ETFM shorts crashed & burned https://otcshortreport.com/company/ETFM Most rusty tapp 05/22/19 08:41:10 PM
#11735   Huge mistake is to accumulate here. It will CannabisPower 05/22/19 07:14:02 PM
#11734   Vikram Grover is a filthy scumbag fraudster. JesusChristSuperstar 05/22/19 06:10:07 PM
#11733   They don’t have many followers yet... TheDawg 05/22/19 05:32:00 PM
#11732   The multitude of fluff Tweets from the CEO waterchaser 05/22/19 03:56:09 PM
#11731   I believe the other entities mentioned in the Wx24x7 05/22/19 12:52:18 PM
#11730   I have no idea, but people still dumping GmanCaddy 05/22/19 11:10:52 AM
#11729   Anyone have any ideas on this recent tweet? jdub_usmc 05/22/19 10:22:01 AM
#11728   New tweet...GO FTFM https://twitter.com/2050Motors/status/1131180051590987776?s Zitroja Group 05/22/19 09:28:21 AM
#11727   HUGE MISTAKE NOT ACCUMULATING SHARES DOWN HERE! INTHEKNOW1 05/22/19 09:24:36 AM
#11726   TWEET... https://screenshots.firefox.com/RCQNFCJjPdeD6i84/twitter. INTHEKNOW1 05/22/19 09:22:48 AM
#11725   https://www.otcmarkets.com/stock/ETFM/disclosure TheDawg 05/22/19 08:10:35 AM
#11724   Ha! I will put my money where I choose! Mojocash 05/22/19 06:52:35 AM
#11723   ETFM I'm 10+ million Long to the moon!! rusty tapp 05/21/19 11:54:46 PM
#11722   FINALLY A CEO THAT DOES WHAT HE PROMISES INTHEKNOW1 05/21/19 09:34:58 PM
#11721   Know what you shouldn’t own... ETFM is dead money. waterchaser 05/21/19 09:09:19 PM
#11720   KNOW WHAT YOU OWN... ACCUMULATE;-) INTHEKNOW1 05/21/19 09:04:43 PM
#11719   ETFM was at .0037 March 15th when the waterchaser 05/21/19 08:02:19 PM
#11718   Yes Puppy! 500 million float! Loading Zone! Mojocash 05/21/19 07:55:48 PM
#11714   calling Vik Grover scum is a compliment !! iclearsubpennies 05/21/19 04:10:44 PM
#11713   Buckle up boys! We going to the moon Puppymillionaire 05/21/19 04:03:46 PM
#11712   I don’t see anything bad about this guy, GmanCaddy 05/21/19 03:54:48 PM
#11711   Nonsense ! ETFM Dutch 05/21/19 02:36:40 PM
#11710   There is no Vikram Grover Snug Harbour 05/21/19 01:23:50 PM
#11709   Internet search. Homebrew 05/21/19 12:36:36 PM
#11708   Name them please... Mojocash 05/21/19 12:27:43 PM
#11705   Vikram Grover is complete and total scum. JesusChristSuperstar 05/21/19 11:00:28 AM
#11699   https://www.google.com/amp/s/nysenewsanalyst.com/2019/05/21/why-investors-remain bbell9 05/21/19 08:43:49 AM
#11698   Can you name some examples? GmanCaddy 05/21/19 08:39:40 AM
#11696   Grover's fingerprints are on many stinky-pinkies. Homebrew 05/21/19 05:46:00 AM
#11695   Confirmed more fillings this week! ETFM Dutch 05/21/19 04:58:36 AM
#11694   Expected launch new website is 24 may! ETFM Dutch 05/21/19 04:57:10 AM
#11693   Yip Dutch 05/21/19 04:29:14 AM
#11691   Question, when was that email dated? Smilin_B 05/20/19 11:45:04 PM
#11686   I'd like to see this thing just close work-n-hard 05/20/19 05:13:28 PM
PostSubject