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Looking good today
next up .40
yo i am loving this stock and this chart! noticed it at .21 and didn't pull the trigger. ended up getting in yesterday afternoon at .27.
beautiful stair-stepping here~ healthy upper level consolidation!!
In at .29 pre market sold at .351 within 9 minutes.. quick and easy 20%
All ECTY needs is a quick fluff PR right now on how to resolve current issues and this baby takes off to .50 n up imo
lol I remember this pos back around 08 - 09 CEO was dropping huge amount shares when they announced the Nissan collaboration..... and then the R/S to something like $30 to meet Nasdaq minimum... and here it is again... definitely one of the best all time scams.
the lawsuit PR is nothing new.. ECTY had it coming long time ago..
filling the gap is what its gonna do~~ imho
My guess would be that everyone is playing the bounce, and no one cares about negative PRs. I could see the run continue up until Fri late morning, when a sell-off ensues since people will be scared to hold over wknd.
The recent announcement by Ecotality (ECTY) that it is on the verge of bankruptcy has been a shocker ? Anybody?
AWESOME BOUNCE! DOUBLE MY GAIN .02793
WOW ECTY has been excellent with my Patience & Timing = Opportunity Reward. There is ALWAYS a position in NOT having one. Good DD and patience is almost always rewarded. Many are too short term and fail to see the big picture and miss out on additional gains.
Hey I go by the experts picks...http://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=ECTY
This turd lol come on dawg u might wanna look at ewsi os is being lowered and now we are generating revs albeit a loss but we have expansion in the e waste space
And we have lift off...boom explosion in pps today, let's get to dollarland again.
Now that the DOE steped in here what effect will it have on the rest of the EV chargers going in around America. Do you think they are going to pull all of the funding just asking . I feel this is a major blow to the car charging business.
Caught this one off E-trade today, so believe it'll be getting some buzz soon enough and looking like a nice bounce play may be in effect similar to AL*R that just happened this month. Who knows we may see this trading up at 1 buck + in the blink of an eye. I will be looking for an entry point around these levels or a confirmed buy from a trusted website. GLTA
I would say it a material event that the shareholders and potential investors should have known about.
damn good thing i did some good DD and read a couple of posts almost spent my money buying this stock!!
These guys are done stick a fork in.
Jail would be a good place for all of the execs.
I have been looking and looking at past post (PRS) about the company and I see not one word about troubles with the technology up until the day they announced they were in deep DoDo with the Doe. As a shareholder (fortunately I was not) I would think that would be of utmost importance to know there were problems. It was the execs job to keep the public informed about problems. After all it was the public's money that he was spending.
IMHO I would think that the DOE should advance them the money they need first of all because the Obama admin does not need another Solyndra and several others like it to keep reminding the people of these United States how many mistakes they can make with OPM.
Secondly they (ECTY)have made significant progress building up the infrastructure for the electric highway and IO think the country is going to need that to become energy independent. The sales team did a great job of selling the technology and there are lots of good things they did and hopefully this consultant they hired will help piece together a way out of filing forBankruptcy.
I think this guy is going to JAIL.
So this co. Is filing or has filed bankruptsy
It's in the toilet dude. Bankruptcy means no worth. You lose it all.
I agree and they still did a private placement and took the money knowing the entire time. This leader was in trouble using the GOV money like it was his own. and now they are going to fold What a shame.
they knew when the gov $$$$$ stopped game over !!
Idk, it's pretty up in the air. Better risk out there.
might be good for a flip at .08-.09
Sry all those who lost big, sincerely. I have this on my watch list for about 6 month, was actually waiting on a spot to buy in.
EV charger maker Ecotality says may file for bankruptcy
DOE pulled the plug on funding, possible BK.
http://www.reuters.com/article/2013/08/12/ecotality-bankruptcy-idUSL4N0GD34I20130812?feedType=RSS&feedName=industrialsSector&rpc=43
http://www.cobbcounty.org/index.php?option=com_content&view=article&id=2973:grant-funds-electric-vehicle-charging-stations&catid=42:cobbline-scroller&Itemid=54
A little insight into the scope of the project, hadn't read many details about how many chargers they were planning on putting in. Sounds like 14,000 I would imagine by the end of the year, at $6 a day per charger that would bring in around 3.2 million a month. I think these guys will be popping up all over the place once they continue to grow.... Next step would be a merger with a major oil company looking to utilize the contracts ECTY has acquired through contracting with the government. Future looks bright to me, glta
Good read, thanks for posting link.
$ECTY - ECOtality: Simply A Great Investment
http://seekingalpha.com/article/1600742-ecotality-simply-a-great-investment?source=email_rt_article_readmore
Approaching Profitability
ECOtality (ECTY) is a company building a nationwide charging infrastructure for plug-in hybrid and fully electric vehicles. It also manufactures the charging equipment it's using to build this network. The government originally funded it to support technologies that reduce carbon emissions. The general consensus, however, questions whether or not this company can survive on its own. Last year, it booked one profitable quarter, and recently its share price has been on the move upward. Over the last three years, its growth has shown an obvious trend. If it continues at the current rate, earnings per share could cross over into positive territory for the long term. With a market capitalization around $50 million, the profit potential for investors could be explosive.
Earnings Per Share Growth:
(TD Ameritrade)
Revenue Growth:
(YCharts)
ECOtality's last financial statement showed it had $3.5 million in cash, $50 million in assets, and $37 million in liabilities. It's carrying long-term debt of $5 million with a debt to asset ratio of 10%. In June, it raised another $8 million from institutional investors. Its current institutional ownership is 24%.
A Government To Fall Back On
Not only is the company attracting institutional investors, but it will continue to have government support just in case it needs help along the way. Governments across the world are pushing for the mitigation of human induced climate change. Just like they built the interstate for the auto industry, now they're building the charging infrastructure for the EV industry (EV Project). Regardless of whether or not human induced climate change is true, governments worldwide have decided to take action "just in case." Take a look at the massive international effort to reduce carbon emissions; the ball is rolling full force and that's very unlikely to change:
International Programs On Climate Change
United Nations
United Nations Framework Convention On Climate Change
Intergovernmental Panel On Climate Change
China Policies On Climate Change
China National Development And Reform Commission
Indian National Action Plan On Climate Change
Australia Department Of Agriculture
Australian Climate Change Adaptation Program
WWF Russia Climate Change Program
European Environment Agency
Europa International Program For Climate Change
DOE - United States Department of Energy
NOAA - National Oceanic And Atmospheric Administration
NASA - National Aeronautics And Space Administration
EPA - Environmental Protection Agency
Partners On Climate Change
(United Nations)
(Global Change)
Astounding Progress
When you start taking a close look at this company, you'll notice the progress is astounding. The rate of improvement shows it means business. Here are some accomplishments made this year alone:
Georgia Power enables electric vehicle charging at work locations
ECOtality's Minit Charger Unveils Revolutionary Minit Charger 12
ECOtality and Sears Expand Relationship, Unveil Electric Vehicle Chargers in Tennessee and Arizona
ECOtality and ChargePoint Establish Interoperability Company, Collaboratev, LLC
ECOtality and Kroger Announce Expansion of EV Partnership
Texas Instruments Introduces Workplace EV Charging with Blink Charging Stations
ECOtality Unveils the Blink® HQ Family of Home EV Chargers
ECOtality Raises $8.19 Million in Private Placement
Blink and NovaCharge Announce Dealer Partnership
IKEA To Grow Presence of Electric Vehicle Charging Stations With Units At 8 More Locations, Extending Reach Beyond The Western U.S.
ECOtality to be Added to Russell Microcap Index
A Robust Line Of Products
ECOtality has been creating state of the art charging solutions for a vast array of industries. It has two main product lines: Blink and Minit. The Blink product line targets smart EV charging solutions for home and commercial use. It has installed over 12,000 DC fast chargers, 8,000 residential chargers, and over 3,000 publicly accessible charging stations. Potential locations for the Blink product line include: retail locations, restaurants, hotels, public parking areas, schools, apartments, office buildings, and airports. The Minit Charger product line is designed for industrial use. They recharge very quickly, as much as four to six times faster than conventional chargers. Their potential uses include: material handling, airline, automated guided vehicles, marine, and transit applications. Between these two product lines, no corner of this market has been left unturned:
(Blink Network)
(Minit Charger)
Ever-Growing Public Charging Network
ECOtality's public charging network is large and growing at a rapid pace. The only company with a larger network is ChargePoint, which would be a great investment if it wasn't private. Fortunately, ECOtality has partnered with ChargePoint. The joint venture is called Collaboratev, and each owns an equal 50% interest. It's designed to join the companies' two charging networks into one. The goal of this project is to make it easier for the consumer by providing an opportunity to create just one account that works on both networks, as opposed to creating a separate account for each charging network. Taking a look at the most recent 10-K filing, it states the purpose of the Collaboratev partnership is to:
"Provide electric vehicle drivers with easy access to participating charging stations using common authentication credentials."
"Enable single billing for all charging usage."
"Accurately provide aggregated electric vehicle charging station location data."
"Utilize open national interoperability standards to allow financial billing reconciliation services among electric vehicle charging networks."
ECOtality Public Charging Map - 3,899 Chargers And Counting!
(BlinkMap, Collaboratev)
ECOtality vs. Car Charging Group
Currently, ECOtality's primary competitor is Car Charging Group (CCGI.OB). In my opinion, comparing the two is like comparing apples and oranges. ECOtality manufactures a physical product. It's building the charging network using equipment it creates. Car Charging Group purchases its equipment from companies like ECOtality and ChargePoint, which means it cannot survive without a charger manufacturer. Essentially, this makes Car Charging Group a middle-man. ECOtality's current profit margin is approximately -5% and steadily increasing. Car Charging Group's profit margin is approximately -15,000%. ECOtality's average revenue over the last three quarters was $14,000,000, whereas Car Charging Group's was only $13,000. And no, that's not a typo. In spite of all this, Car Charging Group still maintains a market capitalization of $95 million. Regardless of its scary financial statement, in my opinion the smarter investment would be in the company manufacturing a physical product.
(ECTY Financials) (CCGI Financials)
Business Track Record Shows Tremendous Strength
Not only is ECOtality pushing the charging network forward at a rapid pace, but it's also cementing deals with major businesses such as Kroger (KR) and Wal-Mart (WMT). Since these companies have many stores across the nation, the growth potential is enormous. Because of the time it takes to recharge a vehicle, store-based charging stations are the obvious solution. Consumers can plug in while running their daily errands. Take a look at the following image of ECOtality's strategic customer base and think about the thousands of parking lots for potential charging spots:
(ECOtality Press Releases) (Investor Presentation)
The Hybrid Market Continues To Grow
If you take a look at hybrid vehicles currently on the market, it becomes apparent there are many more models becoming available. Almost every auto manufacturer produces several of them. When I drive around the city, I see these vehicles absolutely everywhere. Also, they are now available for many SUVs and trucks. Just five years ago, there was a limited number of hybrids being produced. Now, they are becoming more popular and there's a huge selection. Take a look at the hybrid and fully electric vehicles currently available on the market:
(click to enlarge)(Edmunds)
Plug-In Hybrid And Fully Electric Vehicle Sales
(Argonne National Laboratory)
Conclusion
Whether or not you believe fully electric vehicles are the future, the plug-in hybrid vehicle market continues to grow. These cars have proved their economic feasibility and will play a major role in the future. In the long term, it's now less expensive to drive a hybrid. And as the costs decrease, sales will continue to increase. Since battery technology is a significant by-product of the computer industry, it will further contribute to the EV industry. As technology improves, sales increase, and the charging network continues to grow; the success of ECOtality should naturally follow.
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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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