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2050 Motors Inc. (ETFM)

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Last Post: 10/21/2019 8:44:49 PM - Followers: 228 - Board type: Free - Posts Today: 13

 


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.....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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ETFM
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ETFM News: Current Report Filing (8-k) 10/04/2019 12:14:47 PM
ETFM News: Current Report Filing (8-k) 09/18/2019 09:44:07 AM
ETFM News: Current Report Filing (8-k) 09/16/2019 02:09:51 PM
ETFM News: Current Report Filing (8-k) 09/10/2019 06:09:08 AM
ETFM News: Current Report Filing (8-k) 09/10/2019 06:06:47 AM
PostSubject
#14033  Sticky Note 20M+ SHARES BOUGHT EOD TODAY HMMmmmmm INTHEKNOW1 10/21/19 05:48:37 PM
#13952  Sticky Note Sure glad I didn’t fall for that EFTM-buy-alert-last-March. waterchaser 10/02/19 12:09:59 PM
#1868  Sticky Note Broke, Delinquent, Debt-Ridden Toxic-Financed printing press...YIPPEE !! Homebrew 01/26/19 05:13:13 PM
#14036   HOW LONG WILL VIK BE IN PRISON FOR ? Tom Trady 10/21/19 08:00:57 PM
#14035   I love the end of days hit like Stacking goods 10/21/19 06:58:40 PM
#14034   Yes, a HUGE MASSIVE ENORMOUS $4,000 buy. Holy waterchaser 10/21/19 06:15:03 PM
#14033   20M+ SHARES BOUGHT EOD TODAY HMMmmmmm INTHEKNOW1 10/21/19 05:48:37 PM
#14032   Did we sell a car, or electric bikes, billy spec 10/21/19 03:50:10 PM
#14031   This will go sooner than expected Stacking goods 10/21/19 03:40:09 PM
#14030   $ETFM .0003s up on big volume. MIKEY501 10/21/19 03:18:45 PM
#14029   ETFM huge ask smacks here in powerhour. MIKEY501 10/21/19 03:17:13 PM
#14027   And again I ask you what proof you Lowball081 10/21/19 11:02:48 AM
#14024   How long before VikSkaM is cuffed and put Tom Trady 10/20/19 05:07:50 PM
#14023   Vikram Grover has never run anything but scams. JesusChristSuperstar 10/19/19 11:56:25 PM
#14022   ETFM ON S/E/C WATCH LIST Tom Trady 10/19/19 08:39:46 PM
#14021   I need to get a new phone (believed **** Stacking goods 10/19/19 08:21:22 PM
#14020   No me beloved in K@ly when I was Stacking goods 10/19/19 08:20:45 PM
#14019   Etfm moves with fairly low volume with 200m Stacking goods 10/19/19 08:19:08 PM
#14018   I think we close to a big bounce Stacking goods 10/19/19 08:16:51 PM
#14017   Vikram Grover is a slimy scumbag. JesusChristSuperstar 10/19/19 04:48:17 PM
#14015   Most shares are down 60% last few months. rusty tapp 10/18/19 11:12:10 AM
#14014   You are 100% correct. Jrod301 10/18/19 10:02:33 AM
#14011   Any news from Vik-"Stinky-Pinky" Grover,CEO of this "company"? Homebrew 10/17/19 11:17:58 PM
#14010   Vikie reverses GMER 1/1000 in June 2017, this iclearsubpennies 10/17/19 02:14:43 PM
#14009   @2050Corp $ETFM http://Kanab.Club beta launch is imminent stay tuned... MIKEY501 10/17/19 11:53:15 AM
#14008   What proof do you have that the sec Lowball081 10/17/19 11:52:26 AM
#14007   VIK TRYING EVERY EXCUSE TO DERAIL SHAREHOLDER MEETING...THIS Tom Trady 10/17/19 11:30:40 AM
#14006   This might be a repeat of GMER. Jrod301 10/16/19 01:21:12 PM
#14005   ETFM IS RUNNING-RUNNING A HUGE SCAM ' PRISON Tom Trady 10/16/19 10:26:56 AM
#14004   Every day gets closer to ETFM running. This cnote420 10/16/19 10:06:49 AM
#14003   Still here. Still loading. Nothing has changed. jdub_usmc 10/16/19 06:07:33 AM
#14002   LOL, actually "crap" is very much alive, with Ecomike 10/15/19 05:50:29 PM
#14001   $1/share by Neverember 32nd. Homebrew 10/15/19 12:42:45 PM
#14000   WAS IT THE 2ND TUESDAY OR 3RD TUESDAY Tom Trady 10/15/19 09:26:35 AM
#13997   Scams of a feather, scam together. JesusChristSuperstar 10/14/19 04:40:00 PM
#13994   Why's the CEO of CMGO posing/posting as the Homebrew 10/14/19 11:15:05 AM
#13992   SEC LOOKING INTO THIS - JAIL TIME COMING Tom Trady 10/14/19 10:27:15 AM
#13991   Stocker is deader than crap. LOL lakers17 10/14/19 04:43:17 AM
#13987   Vik Grover & Glenn Laken have a scammy Homebrew 10/13/19 12:03:40 PM
#13985   VIK EVERYONE IS OUT OF CASH BECAUSE OF Tom Trady 10/12/19 11:09:07 PM
#13982   Thanks for an enlightening message. I was Nampo 10/12/19 05:38:48 AM
#13981   Gentlemen and Ladies: giantkiller 10/12/19 01:09:35 AM
#13980   Vik GOT SOME EXPLAINEN TO DO AT SHAREHOLDER Tom Trady 10/11/19 11:36:33 AM
#13979   welcome to the pinkland you suggest we should John/bal 10/09/19 03:15:14 PM
#13978   Aug. 2019 10Q-A Daddy Rick 10/09/19 03:03:22 PM
#13977   Expecting some news and updates here anytime now. MIKEY501 10/09/19 02:34:51 PM
#13976   ETFM on the watchlist John/bal 10/09/19 02:34:31 PM
#13975   Morning ETFM MIKEY501 10/09/19 09:14:12 AM
#13974   .0005 next stop Stacking goods 10/09/19 09:13:33 AM
#13973   DOUBLED POSITION PAST WEEKS @.0002 SITTIN&WAITING;-) INTHEKNOW1 10/08/19 02:50:49 PM
#13972   But no 50-100 mil dumps since hitting bottom. cnote420 10/08/19 12:02:23 PM
#13971   Vikscrotum Your at $.0001 with zero volume. iclearsubpennies 10/08/19 09:49:29 AM
#13970   VIKSKUM ""CLEARLY" STATED "" NO REVERSE SPLIT"".. Tom Trady 10/08/19 09:46:38 AM
PostSubject