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ECTYQ: Bankruptcy Plan effective. All shares cancelled:
http://otce.finra.org/DailyList
How does ECTY commandba valuation over. 01/share ? Why isnt this trading in the .ooox levels?
Yes they sold everything. Not all of it went to florida they had other stuff I think Cars working at Airports. I think this is only active because of the class action law suit not sure. These guys got slapped before they did the raise right before the filed the BK papers.
Correct
But I'm still wondering what, if any value is left for the common equity holders or ECTYQ shares?
Why wasn't ECTYQ delisted and it's publicly traded shares deregistered ?
Why is this still an actively traded ticker symbol?
Isn't the company itself 100% completely dissolved and non functioning/non revenue producing?
yes they took a penny on the dollar what a joke . All that money was from the American Tax Payers and now its under the control of a group running a P&D . The EV car is never going to take root if everyone involved is only looking for a quick payday. Time will tell but right now it looks BAD
Yes, so the real question is:
What value is left for this company's shareholders after they basically sold their Blink Charging assets to Car Charging Group (OTCQB: CCGI) some time ago?
http://investorshub.advfn.com/Car-Charging-Group-Inc-CCGI-14354/
I was just screening some low pps stocks. I just checked their website. It appears they filed chapter 11.
Interesting - no news movement ?
My point is, WHAT DOES ECOTALITY (the company) consist of right now, that can provide the underlying equity some support?
If ECTY sold their assets then what is it shareholders are holding onto?
Not buying anything here. They're liquidating. Just watching from faraway to see any bounce coming
ECTY -28% today
How is this stock still even trading if they sold their assets to Car Charging Group (CCGI) ???
When you are buying shares of Ecotality now, WHAT ARE YOU BUYING?
Can anyone answer this?
Precisely why/how is ECTYQ still a publicly trading entity, if all their assets were auctioned off to another publicly traded company?
Shouldn't the ECTYQ shares be deregistered/cancelled?
I didn't bet the farm, but I did place a small wager that ECTYQ will pop once more.
I was wondering why/how is ECTYQ still publicly trading, if all their assets were auctioned off to another publicly traded company?
Shouldn't the ECTYQ shares be deregistered/cancelled?
Haha guess this board is dead like the stock
Thanks for the information though.
Existing shareholders will fall in line with the rest of the company's creditors
Sherlock! I am clearly aware of that yes they are liquidity assets and at somepoint these worthless shares will cease, but like many others I am here for a trade. Thought you where aware of that.
A pop? The company is liquidating it's assets to another publicly traded company
The shares should have no value and will most likely be de-registered
CarCharging Successfully Wins Bid to Purchase ECOtality's Blink Assets
Leading Electric Vehicle Charging Service Provider Intends to Purchase Blink's More Than 12,000 EV Charging Stations and Operating System
http://www.marketwatch.com/story/carcharging-successfully-wins-bid-to-purchase-ecotalitys-blink-assets-2013-10-10?reflink=MW_news_stmp
Wonder if we get a pop tomorrow
CarCharging Successfully Wins Bid to Purchase ECOtality's Blink Assets
Last update: 10/10/2013 3:54:13 PM
CarCharging Successfully Wins Bid to Purchase ECOtality's Blink Assets
Leading Electric Vehicle Charging Service Provider Intends to Purchase Blink's More Than 12,000 EV Charging Stations and Operating System
PR Newswire
MIAMI BEACH, Fla., Oct. 10, 2013
MIAMI BEACH, Fla., Oct. 10, 2013 /PRNewswire/ -- Blink Acquisition, a wholly-owned subsidiary of Car Charging Group, Inc. (OTCQB: CCGI) ("CarCharging"), a nationwide provider of convenient electric vehicle (EV) charging services, announced today that it has successfully won the bid to purchase the Blink related assets of ECOtality, a clean electric transportation and storage technology firm.
The assets included in the transaction are all of Blink's inventory, the more than 12,450 installed electric vehicle Level II charging stations, the 110 DC Fast charging stations, and the Blink network, which is the turnkey operating system for EV drivers, commercial businesses, and utilities, that services the Blink stations.
"Since our inception, CarCharging's intent has been to grow our business organically and through acquisitions, and with the purchase of ECOtality's Blink assets, we believe that it will solidify our position as the leader in the electric vehicle charging industry," stated CarCharging's Chief Executive Officer, Michael D. Farkas.
The deal does not include Minit-Charger, which manufactures and distributes fast-charging systems for material handling and airport ground support vehicles; or ETEC LABS, ECOtality's research and testing resource for governments, automotive OEMs and utilities. The transaction is anticipated to close shortly.
About Car Charging Group, Inc.
Car Charging Group, Inc. (OTCQB: CCGI) is a pioneer in nationwide public EV charging services, enabling EV drivers to easily recharge at locations throughout the United States. Headquartered in Miami Beach, FL with offices in San Jose, CA; New York, NY; and Barcelona, Spain; CarCharging's business model is designed to accelerate the adoption of public EV charging services.
CarCharging provides a comprehensive turnkey program to commercial and residential property owners for EV charging services. CarCharging owns and operates the EV charging equipment; pays for all installation, maintenance, and related services; and shares the EV charging revenue with the property owner. Thereby, eliminating capital costs for the property owners, and providing a potential additional stream of revenue.
CarCharging has 87 strategic partnerships across multiple business sectors including multi-family residential and commercial properties, parking garages, shopping malls, retail parking, and municipalities. CarCharging's partners include, but are not limited to Walgreens, Simon Property Group, Equity One, Equity Residential, Forest City, Ace Parking, Central/USA Parking, Icon Parking, Rapid Parking, Parking Concepts, CVS, Related Management, Pennsylvania Turnpike Commission, Pennsylvania Department of Environmental Protection, City of Miami Beach (FL), City of Hollywood (FL), and City of Norwalk (CT), that manage or own a total of over 8 million parking spaces.
CarCharging is committed to creating a robust, feature-rich network for EV charging and is technology agnostic. CarCharging's EV charging network includes equipment manufactured by Aerovironment, ChargePoint, Efacec, General Electric, Nissan, and SemaConnect. The Level II charging stations are compatible with EVs sold in the United States including the Tesla Model S, Nissan LEAF, Chevy Volt, Mitsubishi i-Miev, Toyota Prius Plug-In, Honda Fit EV, and Toyota Rav4 EV, as well as many others scheduled for release in the next few years.
Stalking Horse Agreement with Tellus
http://www.kccllc.net/ecotality/document/1316126131006000000000004
The fire sale is this week right October 9th ?????
Great day! Yesterday should start to see a move towards .22 cent! Lots of news maybe even .50 by end of October.
VERY fat gains today. Kudos to all that participated.
Got my attention now as this shizzz still running from yesterday
16 claims registered as of today???????? see link
http://www.kccllc.net/ecotality/register?nh=1
Higher claim value 129K
Well, the chart has taken a turn for the better.
Increased volume today at nearly 2x the price it was on Tuesday.
Someone knows something and that "something" must be good.
Nissan Motors will more likely than not, step up and purchase all 13,000 Blink Charging stations. Read here to see why:
http://www.plugincars.com/why-blink-bankruptcy-could-give-nissan-its-own-charger-network-128344.html
And remember, this is a Chapter 11 BK, and not Chapter 7
DAMMIT SHOULDVE BOUT IN ON TUESDAY WHEN IT WAS @ .05!!!
ECTY +48% on the day yet ZERO posts ??????
1.64 Million shares and plenty of bid support in the .09/share area for much of the session
Something's up.......
Perhaps Nissan Motors is pining to take them over
Link: http://www.plugincars.com/why-blink-bankruptcy-could-give-nissan-its-own-charger-network-128344.html
It looks like positive momentum is building this morning.
Hey thanks man, ill definitely look into that one!
Ouch ! - American Bull's "BUY ALERT" - hahaha - what great timing
LOOKS LIKE A VERY PROMISSING STOCK GOING TO DO MORE DD ON IT THO!!
HOPEFULLY IF IT DOES I'M BUYIN SOME SHARES!!!
when will be the auction company? Why is the price so drastically fell after it started to be traded on the OTC? Yeah the price will go even lower
exactly why I'm here :)
New to this board also a buyer of this stock. Should go north of .30plus in the next 3 weeks. Lots of news to come out soon. I know their bk but plenty of bk stocks have jumped 200 percent post bk. good luck to all . Also the last poster put up a link? What was it for? I tried to open it. Thabls
Then maybe you should be looking for a new company that runs a real business and also runs and owns a Electric car charging network in the 3rd largest city in America Yes in Chicago . A federal Judge just ruled in this company's favor Here is the Judges ruling. https://docs.google.com/file/d/0B54iVRALSaBZaUpBMDFoM2VWVmc/edit?usp=sharing
May want to flip this at .13 if your feeling bold n pick up again around .07-.08s here
Yes...Now it's the waiting game and wish I had more cash on hand to buy these cheap shares but oh well not going to get greedy. Hopefully whoever buys this company will run it the right way...Electric cars are on the come up and people are tired of high gas prices.
ECTY changed to ECTYQ: bankruptcy:
http://www.otcbb.com/asp/dailylist_detail.asp?d=09/26/2013&mkt_ctg=NON-OTCBB
Bought in today on technicles.Looks good
Great DD man thanks a bunch for your contributions!!! GLTY
We have a confirmed buy in from American bulls!
http://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=ECTY
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Jonathan R. Read President and Chief Executive Officer, ECOtality | Read Bio |
Jonathan Read, President and CEO, is an entrepreneur, experienced brand manager, international developer and licensor with a passion for the discovery and realization of clean technology solutions. Over the last 30 years, Read has grown corporations in various markets through global licensing agreements, strategic partnerships and creative management guidance. At ECOtality, he brings his executive management experience to the team. He is instrumental in shaping the direction of the company with a vision to transform nascent clean technologies for global commercial adoption through commercialization and licensing agreements. Prior to founding ECOtality, Read was the founder, former Chairman and CEO of Park Plaza International (Park Inn International/Park Plaza Worldwide). Read grew the hotel chain from just four hotels to a leading global hotel group focused on licensing and joint ventures with operations in 32 countries. In 2003, he sold the companies to Carlson Hospitality and Golden Wall Investments in 2003. Read also served as Chairman and CEO of Shakey's International from 1984 to 1989. After further expanding the business into a worldwide franchise and licensing group with operations in the United States, Southeast Asia, Japan, South America, Mexico, Europe and the Caribbean, Read sold the global corporation in 1989. Read attended Claremont McKenna College in Claremont, California. | |
Colonel Barry S. Baer Chief Financial Officer, ECOtality | Read Bio |
Colonel Barry S. Baer is the Chief Financial Officer at ECOtality. He has enjoyed an extensive career in financial management and formerly served as the CFO at Obsidian Enterprises, Inc. prior to joining ECOtality. In addition, Colonel Baer has served as CFO at a number of manufacturing corporations including: Max Katz Bag Company and Apex Industries. Previously, he worked with the City of Indianapolis as its Director of Public Works. Currently, Colonel Baer also serves as CFO for Favored, Inc. (FVRK.PK) and is a member of the State of Indiana Unemployment Insurance Board. As a retired U.S. Army Colonel and a Certified Public Accountant, Colonel Baer's military service includes Commander of an armored cavalry troop in Vietnam; Director of the Accounting Systems for the U.S. Army; Commander of the 18th Finance Group during Operation Desert Shield/Desert Storm in the first Gulf War and Deputy Chief of Staff for Resource Management for the Army Material Command. Colonel Baer earned his bachelor's degree in accounting and master's degree from the University of Colorado. | |
Dr. Jerry Y.S. Lin Director & Chairman of the Technology Committee, ECOtality | Read Bio |
Dr. Jerry Y.S. Lin currently serves as the Director and Chairman of the Technology Committee for ECOtality and provides guidance on technical issues related to the company's effort in the development of various renewable energy technologies. This is in addition to his role as Professor and Department Chair of Chemical Engineering at the Arizona State University (ASU) in Tempe, Arizona. Dr. Lin's extensive teaching career has encompassed professorships at the Technology University of Cincinnati, where he served as Professor of Chemical Engineering and Co-director of the NSF Center for Membrane Applied Science, and a post-doctoral staff position at the University of Twente in the Netherlands. His expertise in inorganic membranes, solid oxide fuel cells, adsorption and catalysis has resulted in more than 150 refereed journal publications, 2100 SCI citations, and he currently holds three patents. Dr. Lin is also a much sought after speaker having presented at over 100 global lectures in academia and industry events. Dr. Lin has received numerous international professional and academic awards including the United States National Science Foundation Career Award. He has also headed many research programs funded by such federal agencies as the United States Department of Energy and Department of Defense, and private sector companies such as Amoco, BP, Exxon, Honda and the Petroleum Research Board. Dr. Lin has served on editorial boards of several journals including the Journal of Membrane Science. He was the conference chairman of the 8th International Conference on Inorganic Membranes (ICIM8). Dr. Lin earned his bachelor's degree from Zhejiang University in China, and his master's and doctorate degrees in chemical engineering from Worcester Polytechnic Institute in Massachusetts. | |
Colin Read Vice President of Corporate Development, ECOtality | Read Bio |
Colin Read is the Vice President of Corporate Development at ECOtality with the responsibility of overseeing the marketing, public relations, strategic initiatives and business development. Read has significant experience in politics, public relations and traditional media. Before coming to ECOtality, Read was the Assistant Finance Director on a successful congressional campaign for an Arizona Democratic in the 2006 national mid-term election. Previous to politics, Read worked for Edelman Public Relations in Washington, D.C., one of the most prestigious international PR firms. At Edelman, Read was in the healthcare branch and worked with many Fortune 500 companies, government agencies and leading international health organizations. Prior to Edelman, Read was employed at Arizona Monthly Magazine, one of the state's premier politics and lifestyle magazines. Read earned his bachelor's degree at Claremont McKenna College. Read received his master's in business administration with an emphasis in international business at Arizona State University. | |
Susie Herrmann Director of Financial Operations, ECOtality | Read Bio |
Susie Herrmann is the Director of Financial Operations for ECOtality and oversees the financial accounting and reporting for ECOtality (corporate) and all subsidiaries. Herrmann is a Certified Public Accountant, with 20 years of diverse finance and accounting experience with both start up and Fortune 500 companies. Prior to joining ECOtality, Herrmann was the Controller for Innovative Brands, a start-up consumer products company in Phoenix, Arizona ,responsible for establishing and managing all accounting functions. Herrmann's experience also includes serving as Manager of Financial Planning and Analysis for Cytec Engineered Materials, a global manufacturer of advanced aerospace products. Mrs. Herrmann previously provided finance and accounting services in various capacities for Belae Brands, The Dial Corporation, and Dover Electronics. Herrmann has her Bachelors Degree in Accounting from Binghamton University in New York and is a Certified Public Accountant in the state of Arizona. She is an active member of the AICPA (American Institute of CPA's) and the ASCPA (AZ Society of CPA's). Herrmann also earned her Associates Degree in culinary arts at the Art Institute of Phoenix. |
Jonathan R. Read President and Chief Executive Officer, ECOtality | Read Bio |
Jonathan Read, President and CEO, is an entrepreneur, experienced brand manager, international developer and licensor with a passion for the discovery and realization of clean technology solutions. Over the last 30 years, Read has grown corporations in various markets through global licensing agreements, strategic partnerships and creative management guidance. At ECOtality, he brings his executive management experience to the team. He is instrumental in shaping the direction of the company with a vision to transform nascent clean technologies for global commercial adoption through commercialization and licensing agreements. Prior to founding ECOtality, Read was the founder, former Chairman and CEO of Park Plaza International (Park Inn International/Park Plaza Worldwide). Read grew the hotel chain from just four hotels to a leading global hotel group focused on licensing and joint ventures with operations in 32 countries. In 2003, he sold the companies to Carlson Hospitality and Golden Wall Investments in 2003. Read also served as Chairman and CEO of Shakey's International from 1984 to 1989. After further expanding the business into a worldwide franchise and licensing group with operations in the United States, Southeast Asia, Japan, South America, Mexico, Europe and the Caribbean, Read sold the global corporation in 1989. Read attended Claremont McKenna College in Claremont, California. | |
Dr. Jerry Y.S. Lin Director & Chairman of the Technology Committee, ECOtality | Read Bio |
Dr. Jerry Y.S. Lin currently serves as the Director and Chairman of the Technology Committee for ECOtality and provides guidance on technical issues related to the company's effort in the development of various renewable energy technologies. This is in addition to his role as Professor and Department Chair of Chemical Engineering at the Arizona State University (ASU) in Tempe, Arizona. Dr. Lin's extensive teaching career has encompassed professorships at the Technology University of Cincinnati, where he served as Professor of Chemical Engineering and Co-director of the NSF Center for Membrane Applied Science, and a post-doctoral staff position at the University of Twente in the Netherlands. His expertise in inorganic membranes, solid oxide fuel cells, adsorption and catalysis has resulted in more than 150 refereed journal publications, 2100 SCI citations, and he currently holds three patents. Dr. Lin is also a much sought after speaker having presented at over 100 global lectures in academia and industry events. Dr. Lin has received numerous international professional and academic awards including the United States National Science Foundation Career Award. He has also headed many research programs funded by such federal agencies as the United States Department of Energy and Department of Defense, and private sector companies such as Amoco, BP, Exxon, Honda and the Petroleum Research Board. Dr. Lin has served on editorial boards of several journals including the Journal of Membrane Science. He was the conference chairman of the 8th International Conference on Inorganic Membranes (ICIM8). Dr. Lin earned his bachelor's degree from Zhejiang University in China, and his master's and doctorate degrees in chemical engineering from Worcester Polytechnic Institute in Massachusetts. | |
Harold (Hal) Sciotto Corporate Secretary & Treasurer | Read Bio |
From June 1964 until his retirement in May 1993, Sears Roebuck & Company employed Mr. Sciotto in various sales and management positions. These positions encompassed store sales and department management positions, store merchandise manager, district business manager for six states and store manager of three stores in Arizona. His duties included, but were not limited to, sales, advertising, personnel management, financial statements and accounting. Prior to and after retirement, Mr. Sciotto has been an independent business consultant to a verity of new startup business ventures. The consulting services Mr. Sciotto provides these businesses include, but are not limited to, business development, advertising, accounting, e-commerce, merchandising, web design and publishing. Mr. Sciotto attended Case Western Reserve University in Cleveland, Ohio, and Ohio State University. | |
Slade Mead Board Member | Read Bio |
Slade Mead is a lawyer, professional sports consultant and former Arizona State Senator. The founder of The Baseball Players Group, Mr. Mead specializes in arbitration cases and represents several professional athletes, including Andy Roddick. Previously, Mr. Mead worked for Advantage International, a leading global sports management firm, where he ran the London office and represented several professional tennis and baseball players. Mr. Mead is a former Arizona State Senator who served on the Appropriations, Government and Education (Vice-Chair) Committees. With a deep commitment to education, Mr. Mead was voted the Arizona School Board Legislator of the Year (2003), Arizona Women's Political Caucus Legislator of the Year (2004), and Arizona Career Technical Education Policy Maker of the Year (2004). Mr. Mead remains very active in education and state politics as he ran for Arizona Superintendent of Public Instruction in 2006, and is a Court appointed School Board and Receiver Board member for the Maricopa Regional School District. Mr. Mead received his B.S. from Yale University and his J.D. from the University of Connecticut School of Law. | |
Colonel Barry S. Baer Chief Financial Officer, ECOtality | Read Bio |
Colonel Barry S. Baer is the Chief Financial Officer at ECOtality. He has enjoyed an extensive career in financial management and formerly served as the CFO at Obsidian Enterprises, Inc. prior to joining ECOtality. In addition, Colonel Baer has served as CFO at a number of manufacturing corporations including: Max Katz Bag Company and Apex Industries. Previously, he worked with the City of Indianapolis as its Director of Public Works. Currently, Colonel Baer also serves as CFO for Favored, Inc. (FVRK.PK) and is a member of the State of Indiana Unemployment Insurance Board. As a retired U.S. Army Colonel and a Certified Public Accountant, Colonel Baer's military service includes Commander of an armored cavalry troop in Vietnam; Director of the Accounting Systems for the U.S. Army; Commander of the 18th Finance Group during Operation Desert Shield/Desert Storm in the first Gulf War and Deputy Chief of Staff for Resource Management for the Army Material Command. Colonel Baer earned his bachelor's degree in accounting and master's degree from the University of Colorado. |
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