8K increasing a\s to 200 mil from 50 mil approved by 96.6% of shareholders
10Q indicating 20,694,000 o\s as of February 14, 2011. If 96.6% of shareholders approved the 8K above, then 20,000,000 of 20,694,000 o\s appear to be tightly held and/or held by insiders. Can you smell what a future PRE14/8K is cooking?
Er, or not. 3.1.11 they decided to give away 1,000,000 shares to shareholders of Eastbridge. In addition, per this 8K dated 3.1.11 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7763451 they signed a consulting agreement for 500,000 free trading shares/month up to a max of 12,000,000 shares. Just freaking great. Welcome to the OTCBB where management/insiders get rich & the sheeple get sheared. Well, if they don't do a promo, (PENNYPIC, make a call, will ya?) dumping 500,000 shares/month will sent this to oblivion in no time.
Alpha Lujo Electric Vehicles, Inc. was found into a new corporation and market as Alpha Lujo, a Global EV Brand. The company emerged as a New York corporation as the result of a reverse merger with E Global Marketing, Inc. (OTC: EGLO) with Alpha Lujo Electric Vehicle Pty Ltd, an Australian company. Through the operating subsidiary, Alpha Lujo Electric Vehicle Pty Ltd, a company in the business of developing, manufacturing of Electric Vehicles (EV) and EV components.
Alpha Lujo Electric Vehicle has developed latest EV technology and focus on securing export marketing networks in Australia, China, Europe and US.
Alpha Lujo Electric Vehicles, Inc. is a development stage Electric Vehicle (EV) company. The company have secured leased assembly lines with major China conventonal vehicle manufacturing facilities for our contracted EV.
Global distribution network is currently been finalized to have Alpha Lujo Electric Vehicle meet the import safety standards in Australia, US and Europe. Currently one model have meet ECE/EEC directives crash test standard for import into Spain.
Alpha Lujo Electric Vehicle Pty Ltd (Australia)
Alpha Lujo Electric Vehicle Pty Ltd, an Australian Electric Vehicle company was incorporated in August 2010. The company acquired 100% shareholdings in Wehai PTC Lujo Group Limited, a company incorporated in Hong Kong in November 2010 for A$5 million in exchange for 60% equity.
With this restructure, the intellectual properties and trademarks are held through the Hong Kong company. Alpha Lujo Electric Vehicle Pty Ltd setup US distribution agency in US and incorporated Alpha Lujo EV Inc. in Arizona, USA in October 2010.
Weihai PTC Lujo Group Limited (Name to be change to Alpha Lujo Electric Vehicle (Hong Kong) Limited)
Weihai PTC Lujo Group Limited is the logistic and regional distribution center for all exports from China.