Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
ECAU Bid.0002/339K /// Ask.0003/3M
ECAU Bid.0002/10K /// Ask.0003/2M+
Next RM play here! Bring on some posting
OS less than 100m!
An empty shell should fill up at some point.. i recken, you?
Nobody left to increase the AS for converters. Lol
how many shares equivalent in toxic financing you suppose?
No differece between cat_a(run to 004), trl_r(run to 006) and ecau i think. Even, ecau is much better. IMO.
Hate to use the word "hope", but hope you have good reason to think this is ready to run. Bag Holder Me I am.
this thing should be down to 0001, holding at 3 to 4. Some value here on the bottom of this heap where others still holding the bag... like me!
Anything to add to your humor, i mean rumor?!
Wishful thinking.
I try to avoid FB but may get back on and try to contact him. Much Appreciated
Current Report Filing (8-k)
Date : 10/09/2014 @ 4:37PM
Source : Edgar (US Regulatory)
Stock : Echo Automotive, Inc. (PN) (ECAU)
Quote : 0.0005 0.0 (0.00%) @ 4:29PM
Current Report Filing (8-k)
Print
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
October 9, 2014
Date of Report (Date of earliest event reported)
ECHO AUTOMOTIVE, INC.
(Exact Name of Registrant as Specified in Charter)
Nevada 000-53681 98-0599680
(State or Other Jurisdiction
of Incorporation) (Commission
File Number) (IRS Employer
Identification No.)
16000 N. 80th Street, Suite E, Scottsdale, AZ 85260
(Address of Principal Executive Offices)
(855) 324-6288
(Registrant’s telephone number, including area code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
SECTION 2 – FINANCIAL INFORMATION
Item 2.01 Completion of Acquisition or Disposition of Assets
On September 15, 2014, the Company received a foreclosure notice from United Fleet Financing (“UFF”). United Fleet Financing, LLC holds a perfected security interest in all of the Borrower’s accounts, inventory, goods, equipment, fixtures, chattel paper, general intangibles, instruments, documents and other personal property, wherever located, together with proceeds thereof (the “Assets”), by reason of that certain Financing and Security Agreement dated May 20, 2013 (the “Loan Agreement”) between United Fleet Financing, LLC (“United”) and Echo Automotive, Inc. (the “Borrower”) and the UCC Financing Statement recorded with the Nevada Secretary of State as document number 2013014274-4. The Borrower is in default under the Loan Agreement and notice of the latest default was delivered to the Borrower on or about August 5, 2014.
United is exercising its rights to sell substantially all of the Borrower’s Assets. Neither United nor the Borrower is purporting to sell any interest in any asset that is (i) not owned by the Borrower; or (ii) not subject to a first-priority lien in favor of United. The Assets secure the repayment of the indebtedness of the Borrower to United under the Loan Agreement. Subject to all the terms of this Notice, the Assets will be sold to the highest bidder at a public auction. The auction (the “Auction”) shall take place on Thursday, October 16, 2014, at 10:00 a.m. PT at the offices of Jennings, Strouss & Salmon, PLC, One East Washington Street, Suite 1900, Phoenix, Arizona 85004.
A copy of this Notice is attached as Exhibit 9.01 to this Form 8-K.
SECTION 5 – CORPORATE GOVERNANCE AND MANAGEMENT
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Resignation of Officer
Effective August 1, 2014, the Company received the resignation of Mr. William Barba from his position as Chief Financial Officer and Secretary of the Company. Mr. Barba resigned due to the Company’s inability to compensate him since joining the Company. Mr. Barba agreed to assist the Company through August 30, 2014 as a consultant.
Appointment of Chief Financial Officer and Secretary
Upon Mr. Barba’s resignation, the Board appointed Mr. William D. Kennedy as Interim Chief Financial Officer and Interim Secretary. Prior to his appointment, Mr. Kennedy was, and remains, the Chief Executive Officer of the Company.
Professional History of Mr. Kennedy
Mr. Kennedy is currently the CEO of Echo Automotive, LLC. Mr. Kennedy has held this position since February 2009. Prior to working with Echo LLC, Mr. Kennedy established RouteCloud in 2008. The first public preview of a solution powered by RouteCloud was demonstrated at www.Protector.com. From 1997 to 2008, Mr. Kennedy held various positions with Vcommerce, including CEO, President and Chief Technology Officer, a company offering end-to-end eCommerce solution for retailers, including Sony.com, Target.com, Overstock, and many others representing billions in transactions annually. Vcommerce was sold to Channel Intelligence in 2009. Mr. Kennedy has over 20 years of experience with entrepreneurial business, and in 2001, Mr. Kennedy formed a business incubator, where he has assisted companies in a wide range of industries with financing and growth objectives. In 1993, he co-founded SalesLogix, a widely used sales-force automation software. Mr. Kennedy founded Vcommerce in 1997, creating the outsourced commerce market space. Mr. Kennedy’s vision and execution led its platform development, market positioning and strategy. None of the aforementioned companies are a parent, subsidiary or affiliate of the Company, except for Echo Automotive, LLC. Mr. Kennedy studied Mathematics, Computer Graphics & Music Theory at Syracuse University from 1989 to 1991.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 Notice of Public Sale - Echo and UFF
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ECHO AUTOMOTIVE, INC.
a Nevada corporation
Dated: October 8, 2014 By:
/s/ William D. Kennedy
William D. Kennedy
Chief Executive Officer
Exhibit 99.1
NOTIFICATION OF DISPOSITION OF
COLLATERAL UNDER THE ARIZONA UNIFORM COMMERCIAL CODE
To: Echo Automotive, Inc.
16000 N. 80th St., Suite E
Scottsdale, Arizona 85260
From: United Fleet Financing, LLC
c/o Zenfinity Capital, LLC
14850 N. Scottsdale Rd., Ste. 295
Scottsdale, Arizona 85254
Borrower: Echo Automotive, Inc
16000 N. 80th St., Suite E
Scottsdale, Arizona 85260
United Fleet Financing, LLC holds a perfected security interest in all of the Borrower’s accounts, inventory, goods, equipment, fixtures, chattel paper, general intangibles, instruments, documents and other personal property, wherever located, together with proceeds thereof (the “Assets”), by reason of that certain Financing and Security Agreement dated May 20, 2013 (the “Loan Agreement”) between United Fleet Financing, LLC (“United”) and Echo Automotive, Inc. (the “Borrower”) and the UCC Financing Statement recorded with the Nevada Secretary of State as document number 2013014274-4. The Borrower is in default under the Loan Agreement and notice of the latest default was delivered to the Borrower on or about August 5, 2014.
NOTICE OF DISPOSITION
United is exercising its rights to sell substantially all of the Borrower’s Assets. Neither United nor the Borrower is purporting to sell any interest in any asset that is (i) not owned by the Borrower; or (ii) not subject to a first-priority lien in favor of United. The Assets secure the repayment of the indebtedness of the Borrower to United under the Loan Agreement.
Subject to all the terms of this Notice, the Assets will be sold to the highest bidder at a public auction. The auction (the “Auction”) shall take place on Thursday, October 16, 2014, at 10:00 a.m. PT at the offices of Jennings, Strouss & Salmon, PLC, One East Washington Street, Suite 1900, Phoenix, Arizona 85004.
At the Auction, the minimum bid for the combined lot of the Assets is $750,000, which shall be paid in cash in immediately available funds, certified check or cashier’s check, payable to the order of “United Fleet Financing, LLC” at the closing of the sale. The successful bidder shall, in addition to paying the purchase price as set forth in the preceding sentence, be required to: (i) close on the sale of the Assets no later than 12:00 p.m. PT on Thursday, October 23, 2014; (ii) reimburse United for all reasonable fees, costs and expenses incurred by United in connection with the Auction; and (iii) in addition to the fees, costs and expenses, pay United interest on the obligations under the Loan Agreement and secured by the Assets incurred through and including the closing date.
United reserves the right to bid at the Auction. In the event United is the successful bidder at the Auction, United shall apply the amount of its bid as a credit to the indebtedness of the Borrower to United under the Loan Agreement. United shall, however, pay cash for the Assets to the extent that its bid exceeds, if at all, the indebtedness of the Borrower to United under the Loan Agreement.
United reserves the right, by announcement made at the Auction, to continue the Auction to such time and place as United, in its sole discretion, may deem fit, or to cancel the Auction. The terms of sale set forth in this Notice may be subject to additional or amended terms to be announced at the time thereof. The Assets will be transferred to the successful bidder by way of a bill of sale.
Persons desiring other information, may contact counsel for United, Todd Tuggle, Esq., Jennings, Strouss & Salmon PLC, (602) 262-5834, during normal business hours.
United reserves all of its rights against the Borrower for any and all deficiencies on the indebtedness remaining due to United after the Auction.
The Borrower is entitled to an accounting of the unpaid indebtedness secured by the Assets that United intends to sell for a charge of $25.00. The Borrower may request an accounting by contacting United.
THE ASSETS WILL BE SOLD BY UNITED ON AN AS-IS, WHERE-IS BASIS, WITHOUT RECOURSE, REPRESENTATION OR WARRANTY, WHETHER EXPRESSED OR IMPLIED, AND WITHOUT ANY WARRANTY RELATING TO TITLE, POSSESSION, QUIET ENJOYMENT, OR THE LIKE IN THIS SALE.
Dated: September 15, 2014
UNITED FLEET FINANCING, LLC
2
Echo Automotive, Inc. (USOTC:ECAU)
Historical Stock Chart
1 Year : From Jul 2014 to Jul 2015
Click Here for more Echo Automotive, Inc. Charts.
Echo Automotive, Inc. (USOTC:ECAU)
Intraday Stock Chart
Today : Thursday 9 July 2015
Click Here for more Echo Automotive, Inc. Charts.
More ECAU MessagesLatest Echo Automotive, Inc. (PN), ECAU Messages
Gunter Schladach. https://m.facebook.com/gschaldach ?refsrc=https%3A%2F%2Fwww.fac
ChipnBella • Thu Jul 9, 2015 9:23 PM (5 minutes ago)
Ok thanks.
Monroe1 • Thu Jul 9, 2015 9:12 PM (15 minutes ago)
A race car driver, and this is only
ChipnBella • Thu Jul 9, 2015 9:07 PM (21 minutes ago)
Do you know if the patents were issued
Monroe1 • Thu Jul 9, 2015 9:05 PM (23 minutes ago)
And the shell itself will make it run!
Axel • Wed Jul 8, 2015 12:05 AM
The bank auctioned off the property and all
ChipnBella • Tue Jul 7, 2015 8:37 PM
Hi Joe, Has ECAU filed for bankruptcy? Did
Monroe1 • Fri Jul 3, 2015 10:53 AM
There is no management or assets.
joedirt11 • Thu Jun 25, 2015 3:07 PM
Brokers
ChipnBella • Mon Jun 22, 2015 9:13 PM
That are MMs tickers. Those guys are with
Sagittarius • Sun Jun 21, 2015 11:06 AM
Bookmark With :Facebook MySpace Twitter Digg Del.icio.us StumbleUpon Reddit Google Bookmarks Newsvine Technorati Furl AIM Slashdot Yahoo
A race car driver, and this is only an assumption bought a big share of the company, check the filings to be sure
Do you know if the patents were issued to the company or to an individual? They will be quite valuable at some point. With their GM connection I would not doubt they have been bought out in some form or another... and being held in reserve or perhaps will never see the light of day.
And the shell itself will make it run!
The bank auctioned off the property and all assets, problem was the bank was the highest bidder. Only thing worth any value here are the patents
Hi Joe, Has ECAU filed for bankruptcy? Did they sell off their assets or perhaps transfer them elsewhere. Maybe someone has been in contact with one of the principals and can provide some info.?
Is there a minimum SEC standard that a company must adhere to ... or requirments to supply information to the trading public? I wonder how the stock is still available to trade. Dead is dead... why are they still around? Thanks for any insight. Monroe1
There is no management or assets.
That are MMs tickers. Those guys are with diferent buisines profiles and are very important for the Market.If you know the profile and looking at L2 you know what is happening at the moment and in the future of course. I am not perfect at that business but holding some files for me personaly and study permanently. So why nobody is not responding on your question I dont know. Isnt good anyway!!
hey man, what do you guys mean when u use bkrt and vfin, puma, bmak??? is it a l2 thing??
How is defunct if the last filing is from 6th of May? And is promoted from INO Finance. We are may be just late with filling and no correspondence with the Management. Can anyone call them. I am too far.
This company is defunct
What mean?
I'm loading
Says you? What kind of news? Merger?
Oh yea just go to there for aleave with white bear
I hear a big hurricane is coming to Antartica.
Very risky to buy at 5 and sell at 7 but there is money to be made at this for smart traders
Yes but will going to down 0.005 because there is no any activities at this time
ECAU back at 7
Pay no attention to him, he's an idiot
For the second time, I did not make that statement that is giving you heartburn...
Do not assume anyone has stated fact unless they have supporting information. Everyone is free to post their opinion or to make a joke about a stock without the requirement to "prove" their statement... It is upon the reader to discern what he wishes to believe from any post...
The End
Than you should state it as opinion not fact, even saying its a rumor is rates that you have some advanced knowledge
No, replu made a post on a message board and my response was a tongue-in-cheek reply to anyone asking proof of any statement made on a message board. You have to assume the post to be an opinion and not a verifiable fact... But, keep asking if it makes you feel better...
So what you are saying is you lied
Followers
|
97
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
7992
|
Created
|
09/27/12
|
Type
|
Free
|
Moderators |
WELCOME TO
ECAU Echo Automotive, Inc.
World-class facilities provide a cutting edge foundation for EchoDrive advanced R&D
EchoDrive is a revolutionary cost-reduction platform for converting fleet vehicles into highly fuel-efficient plug-in hybrids. For the first time, fleet operators have an option to significantly reduce their operating expenses
EchoDrive, a revolutionary patent-pending cost-reduction solution for converting fleet vehicles into highly fuel-efficient plug-in hybrids. EchoDrive can be easily bolted onto new and existing vehicles cost-effectively, for the purpose of substantially reducing a vehicle's fuel consumption. For the first time, fleet operators have an option that allows them to significantly reduce their fuel expenses with a solution that makes both short term as well as long term economic sense.
While other solutions claim a possible ROI in 6 years or more, EchoDrive targets a payback of 24 months or less, without the need for rich subsidies.
Our modular battery pack allows fleets to deploy just the amount of expensive batteries needed on each vehicle to shorten the payback period.
By leveraging mostly off-the-shelf components from industry leading automotive suppliers, EchoDrive can scale to delivering hundreds-of-thousands of kits without manufacturing risk.
Complete retrofit kits and new vehicles take significant design and regulatory approval. EchoDrive can be fitted on many vehicle models with adapter plates and brackets.
In the unlikely event of a component failure, the vehicle will simply revert to its pre-conversion operating capabilities. This eliminates the fear of unproven new technologies affecting operations. Predictable vehicle resale value.
Because of EchoDrive's short ROI, shared savings models and preapproved financing options allow cash-poor companies to benefit from day one.
Main Site http://www.echoautomotive.com
Video Presentation: http://www.echoautomotive.com/investors/presentations
.pdf Presentation: http://www.echoautomotive.com/uploads/default/files/investor-presentation-december-2012-small.pdf
General Information
info@echoautomotive.com
Transfer Agent
2469 E. Fort Union Blvd
Suite 214
Salt Lake City, UT, 84121
801-274-1088
http://www.actionstocktransfer.com
justblank2000@yahoo.com
Echo Automotive is a direct descendent of GM funding and still under technical direction of past GM engineers
When GM first funded the technology that would lead to the EchoDrive hybrid module, two of GM's top electrical engineers (Bill Wylam and John Waters) jumped on board and remain with Echo Automotive today.
CEO
VP Engineering
Shares Outstanding | 122,800,000 | a/o August 7, 2014 |
Float | Not Available | |
Authorized Shares | 650,000,000 | a/o August 7, 2014 |
Par Value | 0.001 |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |