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China lockdown has to be effecting timelines on production. Not sure why no update on the scooter merger. Related to the website the best case senario is they are abandoning the old site and have a new one under construction this no updates to old. Missed filings best case is they are wrapping up dilution to report with last quarter???
Will we get a filing? If so we’re back at square one waiting for Jinpengs.
Finally OTCX moved off of the .11 and down to $5, obviously people are interested and are buying here
So if no filings today, they go to greys?
Wish I could get ahold of Dezer or Shlomo to see if they know anything about any of this. This might have been one of those Chinese yin yangs.
We going to zero or what? Suspension or live to fight another day?
Hello relax r u kidding they are only starting to set up the entire rental division now so how do u want to book a rental online already and thats only a small part of there growing future business
Setting bids in the trips at this point
ELEK, that scammer has 420 million worthless shares to dump to the fools! Lol!
Yes, I know. It's broken. Have you tried to navigate it? Try to rent an EV from them. Nothing on the site works. Investor info? Contact links. All dead. Not very impressive. They need an IT team and an IR team as well as a better public relations person.
High risk, high reward. Let's see how the next 48 hours unfold and if any filings take place.
Well....Maybe that's exactly what happened.
As a word of caution, their website is broken and has been for some time.
[url][/https://elek.world/about/#url][tag]insert-text-here[/tag]
If you want to get information about the company, look for other sources. This broken site was last updated in 2021.
While I am holding what I have at the moment, if this gets downgraded to the grey market, it will be trading sub-penny very quickly. Once this hits a dime, I will start to sell.
Unless they pull off a last-minute filing, this is going down soon.
It's a toss-up at this point. However, IMO, they have too much at stake to let this get downgraded.
GLTA
Appreciate the response and insight. Fingers crossed. We shall see. I am adding down at these levels bit by bit. A gamble for me right now considering those filings need to hit. Put up or shut up!
I believe that they have until the 15th but that is a Sunday, so I would assume that this Friday will be the latest they can file without penalty. I am hoping that they won't allow this to happen. As bad as this has been trading recently, there are some good things in the works but they seem to lack a strong team to move them forward. Happens to many companies. I hope they get this turned around.
Perhaps there will be an update this morning regarding the filings. We'll know soon enough.
How much longer do they have to file before they get grey sheeted.
Timely filings are how you judge most. This is about to go Grey Sheets.
And when enga gets back to this price I’ll be buying it again!
Poor management? And you know this how? They can’t make up stuff to post, when they have an update they will supply a PR. This is a news-driven stock.
And look where ENGA is now. At least ENGA is trading close to $1 and has been holding steady. We can't even hold a quarter here. This is about to be downgraded due to inept management and empty promises.
This is how you got just before enga erupted for thousands of percents.
It's a posting board. I am posting.
ELEK is obviously crashing and burning with little hope of recovery.
So why tell us about it? Just do it!
Forget the back burner. This is collapsing quickly. Looks like they are in danger of being sent to the grays. So much potential, but so mismanaged.
If this goes below .12, I am out, freebies or not.
Very sad for ELEK and its shareholders. I hope they get things figured out but I am not going to throw away money waiting on that to happen.
Pg. 11
With respect to our Tesla Roadster, we currently face strong competition from established automobile manufacturers, including manufacturers of high-performance vehicles, such as Porsche and Ferrari. In addition, upon the launch of our Model S sedan, we will face competition from existing and future automobile manufacturers in the extremely competitive premium sedan market, including Audi, BMW, Lexus and Mercedes.
https://www.otcmarkets.com/filing/html?id=15238028&guid=fvqwknjLcZ7-B3h#ELEKTROS_FORM1A3_HTM_RISK
$ELEK
I’ll be happy with .50
In other words, she’s sitting on the bid while talking people into selling to her.
Putting this on the back burner. No end in site to the declining pps.
GLTA
Too bad for those who bought into this while it was trading in dollars. Hang in there, it may head back that way again but I doubt ELEK will see $8+ again any time soon.
This is pretty interesting also. This is stated on the overview page on elek otc markets.
“The Pink Limited Information tier may include companies that are delinquent in their filing obligations with the SEC, a foreign exchange or regulator, or under the Pink Disclosure Guidelines, as well as non-U.S. companies listed on a foreign exchange that does not require English disclosure and do not certify their compliance with SEC Rule 12g3-2(b).”
Under this rule. SEC Rule 12g3-2(b).”
https://uk.practicallaw.thomsonreuters.com/5-385-1561?transitionType=Default&contextData=(sc.Default)
Last year they filed on the 6th. Which is today.
https://sec.report/Document/0001518487-21-000003/
Shlomo is ceo of JB&ZJMY Co. Here is their website.
http://www.zjmy888.com/
https://wallmine.com/otc/jbzy/officer/2151501/shlomo-bleier
Seen it Monday. They just purchased 100 cars. I don’t think they’ll let that happen. I’m getting the feeling they’re holding something big back. Almost seems like they want us to sell. So I buy more!
The company is delinquent in its filing…10 days to get caught up or it goes to the expert market. That is why it is dropping. Otherwise folks would hold. No news in 30 days and late filings not good
We'll see!!! God only knows how much stock is at .1579.
Sadly, that trend will likely continue.
Have a great evening. Maybe tomorrow we will see a little green at close for the week.
I haven't seen consecutive upticks in weeks
I don't believe that we will stay this low forever but we certainly will struggle to hit even 25 cents without some verifiable and substantial updates. This can run and run hard. Just need the right catalysts.
Agreed on all accounts
Empty yes. The big question is whether those were meant to intentionally mislead or were they just putting the cart before the horse? Either way, it makes Elektros look bad.
It's time for some damage control in the form of some honest updates or this dives even lower.
You're right. Empty promises
So no one is going to attempt to take out .1579?
This is what happens when you over-promise and under-deliver. Lots of PRs but no real substance. Several things that were mentioned since last fall have not materialized and have never been addressed. Southern Florida, the prototype, the design concepts...what happened to these?
From a PR on Dec 14th, 2021: "This new concept will be created in 90 days from the signing yesterday the 13th." Was that a lie or are they just incompetent? 90 days has long passed.
Another PR on the same day stated "Elektros has announced that the company has "commissioned" New York City artist Isack Kousnsk, isack-art.com to serve as "artistic consultant" for the project, with plans for a product unveiling in early 2022."
These are just two examples of untrue statements made by the Elektros team. This is why we are dropping into the low teens. Does not instill a great deal of confidence when all there is are empty PRs that have proven to be untrue, aka lies.
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