new USA trading symbol is SOLO, AND LIKE in groceries--- advertised as buy 2 get one free..... here it was sell 2 and get 1 back
the co. grabbed 2 and gave back 1
eg: went from 2.20 to 4.40....>>>
the retail price for the Tofino is 15,500 but the suggested price is $50,000
must be a lot that put $1,000 down on pre orders
I give them props for using "consolidation" instead of "reverse split"....lol.
sounds much more positive....
Sorry, was going on the press info, you are correct.
1 for 2
"Reverse split is 2 for 1, not 1 for 2. They are consolidating."
Sorry..."2 for 1" would be a forward split. They are mistaken/misleading in their characterization in the PR
I just double checked the daily list. They filed for a reverse split which IS consolidation as it results in a reduction in the OS. A forward split would increase the OS (if they gave out 2 shares for every 1).
They are doing the opposite.
"Reverse Split Ratio 1:2
Dividend Type Reverse Split"
This means 2 shares get turned into 1 share.
1 for 2
Still keeping my eyes on this çompany, but have scepticism on where the price will settle before it starts going back up. Kinda glad I sold when I did for the moment.
I saw two solo vehicles driving on main and terminal today,,, the second one closest to the light I stopped and briefly chatted with a guy driving it in a suit,,, I'm thinking he looked like the CEO,,he said in about 30-60 days it will be on Nasdaq,, hard to believe but with volume picking up as of late maybe it will happen,, this is the second time I have been told this,, last time was at the Vancouver Auto Show,, I am waiting to get under $4 and jump in imo,,, it will happen soon.
Ok good stuff Rich!
Best of luck and you have your 1St follow!
Still in the mj one but am thinking of more in another one.
Best of luck Richard!! Do you mean this one?,,, hope your still in MJ one,, by June 7th imo we will be happy. I haven't bought any shares in this one yet just keeping an eye on it.
Sad to say, but I sold the rest of my shares today at a marginle loss. Hope to make some money in other stocks and get a better buy in on this one.
Electra Meccanica Releases Sneak Peek of 2019 SOLO
NEWS PROVIDED BY
Electrameccanica Vehicles Corp.
New standard features include air conditioning and LED headlights
Official deliveries set to begin in September 2018
VANCOUVER, April 23, 2018 /CNW/ - Electra Meccanica (OTCQB: ECCTF), a leading edge designer and manufacturer of electric vehicles, today released a recent image of the new 2019 SOLO, an all-electric commuter vehicle. The 2019 SOLO now features LED headlights and air conditioning as standard items in this latest model, and additional features and enhancements will be announced before official deliveries begin in two initial markets, California and British Columbia, starting in September of 2018.
Sneak Peek of Electra Meccanica's 2019 SOLO (CNW Group/Electrameccanica Vehicles Corp.)
Sneak Peek of Electra Meccanica's 2019 SOLO (CNW Group/Electrameccanica Vehicles Corp.)
"We are hard at work at Electra Meccanica, constantly enhancing our revolutionary SOLO that will change the way people drive. The additions to our standard package improve the driving experience for passengers while increasing the value of the vehicle," said Jerry Kroll, CEO of Electra Meccanica. "As our business grows, we are exploring new manufacturing facilities in the U.S., Europe and India, while manufacturing continues as previously announced in Canada and China. We hope our current and future customers are as excited as we are to see the beautiful 2019 SOLO, and we look forward to delivering the vehicles later this year."
Been waiting for news on this as well.
It's a slow mover for now. I believe if the company did a two or four for one split it would make the stock more appealing to potential investors. IMO.
Electra Meccanica Announces the Appointment of Two Additional Independent Directors
One step closer to NASDAQ listing.
Don't dish it if you can't take it. You were the one telling me you were teaching me a lesson, swearing and just being a low life. Stick to your own boards instead of being a low life stalker. Big man walking in small spaces.
Can't fight your own battles, get out of the ring.
Not sure why you call this stock an "overpriced turd" vs investing into another pot/weed company. Although I will keep my eyes on your recommendation.
TOU Reminders for Stock Specific Boards
Does not seem to apply here.
What are you talking about!
Either way imo this will not get to NASDAQ for quite some time,,, there are certain requirements for daily volume and there is almost NONE on this currently overpriced turd,, I will have to watch the dragons video but I was at the party last year when they announced the symbol ticket and CEO seemed like a nice guy,,, let's see what happens 6 months in meantime I invite you all over to one of the top 30 stocks to own 2018,,, Organigram holdings,,. If you are ok with minimum 100%+ profit in next 6-8 months see you there,,, we have 100% positivity in postings and best group on iHub chief!
Oh and by the way....
That show was taped months in advance so if the money had come through, we would have already known about it. When you go onto a show or for that matter a board room, or a bank with hat in hand, you show a little humbleness. The Dragons didn't get rich by being stupid. Jerry came across as a spoiled smart aleck and they called him on it. My guess is that this wasn't the first time he embarrassed his associates.
I seen the same video but he also stood his ground. If the $25M investor decides to put the money into ECCTF for %40 of ownership and it is used for expanding as Jerry was explaining, it should make a good boom for the company.
Asian market is what the investor is looking at for long term. Dragons were not looking at Jerry's vision. He was showing his confidence in the company, product and vision. He appears to be a strong minded individual that the dragons are not used to dealing with on their television program.
Just spoke with Tim at investor relations and confirmed that the vote for adding additional Board of Directors is to meet another requirement for meeting NASDAQ listing standards. Voting (For) is another step ahead for the company IMHO.
NOTICE OF SPECIAL MEETING OF SHAREHOLDERS
Shareholders Meeting will be held at 102 East 1st Avenue, British Columbia, Canada, on Thursday, the 15th day of March, 2018, at the hour of 3:00 p.m. (PST), for the following purpose:
1. to consider, and if thought fit, to pass an ordinary resolution to change the number of director positions on the Board of Directors of the Company to seven (7).
Just an excerpt of a letter I received from my financial institution today on behalf of Electra Meccanica.
Any thoughts on this subject? Pro's, Con's?
Feb 1st 2018 IPO Filed to NASDAQ
New to the site but wanted to post an update in the case no one else knew about it.
I own 1,000 shares of ECCTF at $5 each. Not too sure if the stock will dip to the $3-4 range people are hoping for, but if the company obtains NASDAQ listing I feel it will be a missed opportunity for anyone sitting on the fence IMHO.
With the IPO market's mid-February pause coming up, just one company filed this week. Listed on the OTC, pre-revenue electric vehicle maker ElectraMeccanica Vehicles (OTCQB:ECCTF) plans to raise $28 million on the Nasdaq.
???? Interesting.... let's see some $3-$4 range first
No airbag thing was a killer. It did have me hooked for a big though.
I’ll stick around and follow for a while.
ECCTF just had a great plug on Fox Business, claiming a 15k purchase price and 1000 pre-orders however may have shot themselves in the foot by announcing No Air Bags. Even IF they claim its approved for road use by DOT, would you want your kid or spouse driving one on the freeway?
There's going to be a preview of this car on Fox business channel in a few min.... 1/26 3:10est
I’m with you, if it drops to $3-4....I’m in!
It's probably too soon to release any PR's NYSal but they will come soon before production of the 75,000 vehicles begins sometime in June. I know there were at least 1500 media outlets at the conference in Vegas so something positive 'should' come imo. In the meantime I will wait for $3-$4,,, this needs more volume as a start!
I'm looking at it also - There "Plans" are admirable but they show no sales or revenue for the last 2 years. they had a -776K EBITDA for 2015 and whopping -6.73 MILLION EBITDA loss in 2016. -3.32 Million dollar cash flow... (Thats NEGATIVE) -- I'd like to buy it also but not a $5. They were at the Vegas show but I didn't see anything posted about any sales commitments....
I was at the little party last summer at their office location when they announced the ticker ecctf. Ever since then I have been interested in this company. Wow they are to produce 75,000 electric vehicles in the next 3 years!,, probably a lot more. I have been waiting for the pps to drop to around the $3.50-$4 range til I load. I easily see this as a minimum 10 bagger+ from those pps levels in the next 18-36 months.
Only 1 thing I am unsure about,, I know they applied to be on the NASDAQ last October,,, isn't one of the requirements is that you have a million volume average for 1 year???
Anyone with answers greatly appreciated. TIA
I am not sure. Let me find out.
Yeah, the past performance is somewhat lackluster, but the future concept is interesting.
I would like to invest -- however, negative cash flow and negative EBITDA. Did you get any orders at the vegas show?
(VANCOUVER, British Columbia) – [January 2nd, 2018] – Canadian auto manufacturer Electra Meccanica (OTCQB: ECCTF) will preview its all-electric, one-seater SOLO at ShowStoppers @ CES 2018 on January 9th. As many as 1,500 journalists, influencers and analysts are expected at ShowStoppers, where industry pioneers like Electra Meccanica can showcase their revolutionary products in a media-only environment. The news follows on Electra Meccanica’s previous announcement that the SOLO will be making its CES debut as part of the Innovation and Tech Today Pavilion.
“We are looking forward to offering a sneak peek at the SOLO to as many people as possible during these world-class events,” said Jerry Kroll, CEO of Electra Meccanica. “We want to show – not simply tell – our audience that we are doing our part to invest in a cleaner planet for future generations. Essentially, the SOLO has two doors, three wheels and one overarching mission – to close the last gas station.”
The SOLO’s single-seater configuration provides an exceptional automotive driving experience, taking into consideration the nearly 80 percent of Americans commuting to work alone in their personal vehicle1. Retailing at $15,500 USD, the 100-mile range SOLO’s lithium-ion battery system requires only three hours of charging time on a 220-volt charging station or outlet. As a publically held company, Electra Meccanica began trading on the OTCQB exchange in September of 2017, and announced its application filing for NASDAQ Capital Markets listing last October. In the same month, Electra Meccanica also announced the signing of a manufacturing agreement with Zongshen Industrial Group Co. for the production of 75,000 SOLOs total between 2018 and 2020.
British Columbia-based Intermeccanica, a subsidiary of Electra Meccanica, handles current SOLO development and production. “I am thrilled to share with the forward-looking public at ShowStoppers what a dedicated team with a clear mission can accomplish when building on Intermeccanica's 50+ years of automotive experience," said Intermeccanica President and Electra Meccanica COO Henry Reisner, who will be attending the show.
ShowStoppers @ CES 2018 will take place on January 9, 2018 from 6 P.M.—10 P.M. at the Wynn Hotel in Las Vegas, Nevada. Electra Meccanica will also be exhibiting as part of CES in the Central Hall at booth #18215 in the Las Vegas Convention Center from January 9-12, 2018.
Electra Meccanica is leading the way in developing clean, sustainable and renewable transportation solutions that help fight carbon pollution and climate change. We invest not only in our future but in our children’s future and our combined desire for a cleaner planet. With the continued development of advanced battery technologies and the establishment of a more robust electric car charging infrastructure, Electra Mecanicca is proud to make its contribution to bringing about change with the introduction of “SOLO” commuter car. The SOLO is a unique, all-electric vehicle designed to fill a void in the global transportation marketplace to meet the needs of a majority of drivers who commute and travel by themselves on a daily basis.
Electra Meccanica is not simply a new startup company. It is being built in collaboration with world-renowned coach builder, Intermeccanica. With more than 40 years of automobile production experience, Intermeccanica’s award-winning and high-quality reproductions of Porsche Speedsters and Roadsters revolutionized the market. This same philosophy and spirit is being transferred to the EV commuter car market through the SOLO.
Electra Mecanicca’s reliable and efficient electric battery technology, innovative vehicle platform, and solid automotive experience all combine to produce a world-class single-person commuter car. Working with our customers, we will continually innovate and embrace new technologies and solutions for producing and managing advanced modes of clean transportation. We aim to be pioneers in developing smarter vehicle choices and delivering exceptional service to individual and commercial customers throughout the world.