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2050 Motors Inc. (ETFM)

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Last Post: 3/28/2020 9:52:41 AM - Followers: 199 - 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.

 

 

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"


 

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This section maintained by HOMEBREW


===>>> BUYER  BEWARE !! <<<===

Previous Filings show minuscule Assets, HUGE Debts & Liabilities.


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



 
Authorized Shares....3,000,000,000.....11/01/2019
Outstanding Shares.....1,803,560,305.....11/01/2019
Restricted.....205,757,538.....11/01/2019
Unrestricted....1,597,802,767.....11/01/2019
Held at DTC.....1,571,634,806.....11/01/2019
 
Authorized Shares.....3,000,000,000.....08/02/2019
Outstanding Shares.....1,292,578,072.....08/02/2019
Restricted.....205,757,783.....08/02/2019
Unrestricted.....1,086,820,289.....08/02/2019
Held at DTC.....1,060,642,030.....08/02/2019

 

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VIK's PHONE #   630-708-0750
 
Best to block your # or use a Generic Phone. Vik is a shady character and could mis-use your personal info.

(Q).What's worse than "China-Hustle" scams??...(A).Vik Grover Scams
ETFM
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ETFM News: 2050 Updates Shareholders; Launches Cannabis Social Network 01/27/2020 12:48:46 PM
ETFM News: Current Report Filing (8-k) 01/23/2020 03:13:00 PM
ETFM News: Current Report Filing (8-k) 01/21/2020 06:06:28 AM
ETFM News: Current Report Filing (8-k) 01/13/2020 06:05:38 AM
ETFM News: Current Report Filing (8-k) 12/26/2019 11:52:45 AM
PostSubject
#14160  Sticky Note Sure glad I didn’t fall for that EFTM-buy-alert-last-March. waterchaser 12/06/19 11:44:21 PM
#1868  Sticky Note Broke, Delinquent, Debt-Ridden Toxic-Financed printing press...YIPPEE !! Homebrew 01/26/19 05:13:13 PM
#14395   Another Vik Grover scam...never got much traction. Homebrew 03/14/20 06:28:23 PM
#14394   Hang on, this fraud still has a pulse? Huggy Bear 03/14/20 06:27:32 PM
#14393   Merge WHAT!? Your nothing, un promoted, took way C5FVA 03/13/20 02:18:55 PM
#14392   Insiders dumping into news, classic scam OTC action. waterchaser 03/11/20 03:53:55 PM
#14391   Kind of late to make a decision to running high 03/11/20 03:49:54 PM
#14390   8K out! ETFM exploring possible merger candidates. double_m 03/11/20 12:10:32 PM
#14389   Great job getting this down from .0037. EmptyBones 03/11/20 10:32:17 AM
#14385   Just think, a year ago this garbage was waterchaser 03/09/20 08:20:31 PM
#14384   The site sucks. Vik has no clue. Jrod301 03/09/20 06:04:15 PM
#14383   Weed out all existing people devoid of their money. C5FVA 03/06/20 07:58:06 AM
#14382   He said that when he was at Good Jrod301 02/26/20 01:43:09 PM
#14381   No. This seems to be absolute rock cave C5FVA 02/25/20 02:05:48 PM
#14380   YES, VIK IS IN WUHAN VACATIONING Tom Trady 02/25/20 01:38:27 PM
#14379   Any positives here at all igotskill 02/25/20 12:35:01 PM
#14378   LET ME GUESS DILUTION IS OVER BWAAAHHHHHHAAAA Tom Trady 02/20/20 10:32:13 AM
#14377   LIENS TO BE PUT ON VIKS PERSONAL BELONGINGS Tom Trady 02/19/20 01:20:26 PM
#14376   Meant reverse the trend or go up from .0001. findit 02/19/20 01:18:20 PM
#14375   Dilution is coming at a rate of 300,000,000 iclearsubpennies 02/19/20 01:16:50 PM
#14374   BUT VIKPIKLE SAID "ABSOLUTELY NO REVERSE SPLIT"" Tom Trady 02/19/20 12:57:26 PM
#14373   Did you mean time for a reverse split? Arnold25764 02/19/20 11:31:00 AM
#14372   WHO IS BUYING THESE MILLIONS OF SHARESBEING DUMPED Tom Trady 02/19/20 11:22:26 AM
#14371   How do you know it is dilution? Bob's Your Uncle 02/18/20 03:57:44 PM
#14370   Dilution is never good. waterchaser 02/18/20 03:54:27 PM
#14369   I just got out and basically lost all C5FVA 02/18/20 03:35:10 PM
#14368   EFTM 341 million gone at.0001 today. Less findit 02/18/20 03:28:27 PM
#14367   Just a few shares sold today WHOSBUYIN. Tom Trady 02/18/20 03:09:57 PM
#14366   VIKSKUM GROVER KILKS ANOTHER STOCK Tom Trady 02/18/20 03:06:46 PM
#14365   I WILL TAKE USELESS 8KS FOR 200 ALEX Tom Trady 02/17/20 01:30:19 PM
#14364   Maybe if ANY effort was put into people C5FVA 02/14/20 02:03:32 PM
#14363   KANAB-CLUB A HUGE FLOP -VIK STRIKES OUT AGAIN Tom Trady 02/13/20 08:38:01 PM
#14362   When's Viks next bowling alley SHAREHOLDERS meeting Tom Trady 02/13/20 12:31:46 PM
#14361   Grover kills another Stinky-pinky.... Homebrew 02/11/20 06:23:39 PM
#14360   VIK SURE IS MAKING ALOT OF FRIENDS Tom Trady 02/08/20 06:59:58 PM
#14359   Well, it is listed as a "Shell Risk". waterchaser 02/07/20 04:25:23 PM
#14358   This might as well be "dark / defunct" C5FVA 02/07/20 04:19:58 PM
#14356   I'm ready for some fluff news so I C5FVA 02/05/20 02:54:01 PM
#14355   VIK's PHONE# 630-708-0750. Block your # or use Homebrew 02/04/20 07:46:12 PM
#14354   Nothing good about this scam either. Huggy Bear 02/04/20 05:16:53 PM
#14353   Yup, the good ole days.... Carnies took the money Enron. Huggy Bear 02/04/20 05:16:10 PM
#14352   No buying vs endless monthly selling from Auctus. iclearsubpennies 02/04/20 10:07:24 AM
#14351   Just think, almost a year ago this garbage waterchaser 02/03/20 04:27:42 PM
#14350   Unbelievable.....50m sells. C5FVA 02/03/20 02:39:06 PM
#14349   Good morning ETFM! lanemyers 02/03/20 09:11:20 AM
#14348   not a fail for vik...vik has pocketed millions HULKSMASHPENNIES 01/31/20 09:47:53 AM
#14347   00001-00002-00001-00002 VIK-FAILURE SUCKS Tom Trady 01/31/20 09:33:50 AM
#14346   VikSKROTUM IS A COMPLETE ASS-HAT Tom Trady 01/30/20 09:39:02 AM
#14345   Day 2: Try to sell at .0002 (huge loss) C5FVA 01/29/20 04:06:11 PM
#14344   agreed eom HULKSMASHPENNIES 01/29/20 02:33:10 PM
#14343   Ooooo1-000002 OPEN 24HRS NEVER CHANGES VIKSKUMBAGSPECIAL Tom Trady 01/29/20 01:41:16 PM
#14342   I can't even sell my shares. C5FVA 01/28/20 02:09:40 PM
PostSubject