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Management are all crooks. They should be punished by having to drive those worthless electric tractors to work instead of their BMW's, Mercedes, and Tesla's.
$IDEX Book Value Per Share (mrq) $1.38. $.0001 coming
Ideanomics, Inc. $IDEX Total Debt (mrq) $32.14M. Almost out of cash. Bankruptcy coming in my opinion.
Ideanomics regains compliance with Nasdaq listing rules
Nov. 24, 2023
https://seekingalpha.com/news/4040157-ideanomics-regains-compliance-with-nasdaq-listing-rules
- Ideanomics (NASDAQ:IDEX) said on Friday that on November 17 it had received a Nasdaq notice stating it was not in compliance with Nasdaq listing rules due to a failure to file its Form 10-Q for Q3.
- IDEX added it had filed its 10-Q for Q3 on November 21, and subsequently regained compliance with the exchange's listing rules.
Question: Is that the day the share price of IDEX soars to a ten year high?
(answer: never. next stop BK or another R/s.)
For EV customers, everything changes on January 1, 2024. The Treasury Department has now issued new rules that will turn the federal EV tax credit into what is basically a point of sale rebate. The new regs, published October 6, 2023, bring happy news for EV buyers.
“Under the Inflation Reduction Act, consumers can choose to transfer their new clean vehicle credit of up to $7,500 and their previously owned clean vehicle credit of up to $4,000 to a car dealer starting January 1, 2024. This will effectively lower the vehicle’s purchase price by providing consumers with an upfront down payment on their clean vehicle at the point of sale, rather, without having to wait to claim their credit on their tax return the next year. Only vehicles purchased under the consumer clean vehicle credits are eligible for this benefit.”
Link https://cleantechnica.com/2023/10/08/heres-what-happens-to-the-federal-ev-tax-credit-on-january-1-2024/
Let's see. I guess I should be thankful I invested in IDEX when it was promising all the wonderful things and ended up losing 10K, but I'm not. Instead I'm thankful I didn't invest 20k.
Thanks management. I hope you're all thankful for idiot investors like me.
This company is over. Read the part about dealers returning the pos electric tractors and the company had no cash set aside for such a situation.
It would be nice if IDEX 'management' could feel what I feel for losing my 10k.
Proxy for vote for annual meeting Dec. 22
I PLAN TO VOTE NO FOR MOST ITEMS AS THIS MANAGEMENT DOES NOT DESERVE MORE TIME TO USE SHAREHOLDERS AS THEIR PERSONAL PIGGY-BANK TO KEEP SUCKING EXISTING SHAREHOLDER TILL THEY FILE BANKRAUPTCY!
NOTE: THIS IS IMO AS I AM LONG TIME SHAREHOLD AND NOT HAPPY WITH MANAGEMENT
1.
Vote Board of Directors:
Vote Directors Individually
showing combined election of directors, radio button options
Election of Director: Alfred P. Poor- VOTE NO
Election of Director: Shane McMahon - VOTE NO
Election of Director: James S. Cassano - VOTE NO
Election of Director: Andrea Hayward – INDEPENDENT DIRECTOR WILL VOTE FOR
Election of Director: Paul Hancock - INDEPENDENT DIRECTOR WILL VOTE FOR
Ratification of appointment of Grassi & Co., CPAs, P.C. as independent registered public accounting firm.
2.
Ratification of appointment of Grassi & Co., CPAs, P.C. as independent registered public accounting firm. WILL VOTE FOR
3. Approval of the amendment and restatement of the Company's 2010 Equity Incentive Plan to increase the number of shares authorized for issuance under the Plan to 37,500,000.
VOTE AGAINST
3.
Approval of the amendment and restatement of the Company's 2010 Equity Incentive Plan to increase the number of shares authorized for issuance under the Plan to 37,500,000.
VOTE AGAINST
4.
Approval of the issuance of common shares as the underlying conversion of preferred Series C shares accordance with Nasdaq Rules Rule 5635(d).
VOTE AGAINST
5.
Approval of the issuance of securities in one or more non-public offerings where the maximum discount at which securities will be offered will be equivalent to a discount of 20% below the market price of our shares or Common Stock, in accordance with Nasdaq Listing Rules 5635(b) and 5635(d).
VOTE AGAINST
To approve the amendment of the Company's Second Amended and Restated Certificates of Incorporation to increase the total number of the Company's authorized common stock and preferred stock.
6.
To approve the amendment of the Company's Second Amended and Restated Certificates of Incorporation to increase the total number of the Company's authorized common stock and preferred stock.
To approve the potential issuance of more than 20% of the Company's outstanding shares of common stock to Yorkville Advisors upon the conversion of the Debenture(s) and preferred stock that were issued in financing transactions, and in accordance with the stockholder approval requirement of Nasdaq Listing Rules 5635(b) and 5635(d).
VOTE AGAINST
7.
To approve the potential issuance of more than 20% of the Company's outstanding shares of common stock to Yorkville Advisors upon the conversion of the Debenture(s) and preferred stock that were issued in financing transactions, and in accordance with the stockholder approval requirement of Nasdaq Listing Rules 5635(b) and 5635(d).
Approval of the adjournment of the Annual Meeting, if necessary or advisable, to solicit additional proxies in favor of the foregoing proposals.
VOTE AGAINST
8.
Approval of the adjournment of the Annual Meeting, if necessary or advisable, to solicit additional proxies in favor of the foregoing proposals.
VOTE AGAINST
Has anyone read this = Ideanomics, Inc. (NASDAQ:IDEX) SEC Filing Alert
The following document for Ideanomics, Inc. (NASDAQ:IDEX) was filed with the U.S. Securities and Exchange Commission.
SEC Form 10-Q filed on Nov 21, 2023
https://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=317883197&type=HTML&cdn=061d7f4b76ca65a6df0ab0c4bbe24346&formType=10-Q&dateFiled=2023-11-21&cik=0000837852&symbol=0000837852&companyName=Ideanomics%2C+Inc.
"POOR" and managers plan is to bankrupt this company
Yes "POOR" management keeps taking this company lower. When insiders make more than company sales there is only one way this stock can go. "POOR" has turned IDEX into a personal piggy-bank for greedy insiders.
garbage company. garbage products. actually...garbage at the dump has more value.
(I paid $10,000 for the right to bash this trash)
IDEX = garbage
Did management all flee to the Bahama's with the investors money yet? All cute like, driving little electric golf carts charged by little charging ports pulled by little electric tractors...all of which are made by legit companies and not the scam they ran. Maybe their golf game is better than scamming investors?
Nice video. A person can replace 'Chinese electric' with 'IDEX'. Both explode and destroy things.
IDEX is the worst stock play in the EV market that can possibly exist.
Lost $10k in this stock.
Waiting for the next R/S
Waiting for the CEO to go to jail.
Chinese E-Bikes are Exploding like Crazy - Self Destructing Spectacularly
NEWS: California Set to Distribute $40 Million to Build 270 EV Fast Chargers.
— Sawyer Merritt (@SawyerMerritt) October 28, 2023
That's $150,000 per charger. Tesla's Supercharger cost is estimated to be under $50k per stall. pic.twitter.com/MbsflWEy4q
I agree with how this managements has performed so "Poorly" One issue is cost of management as A "Poor" himself earns more then what IDEX reports as earnings. He has turned this company into his personal piggy-bank.
Their Proxy statement invites all to annual meeting but has no date mentioned - most likly they do not want any questions from shareholders. They also have a vote but failed to provide control number for shareholders to vote. I will vote NO on most.
Perfect day to bash all those stocks I invested in that are pure garbage. IDEX is one of the biggies I've lost money. Currently down 10K. My remaining shares are worth $147.00
My fault. Thought the hype by the company had some merit.
How can it be legal for such shysters to lie and lead to investors believing them enough to invest?
Sadly the company will start saying "We sold more tractors. We're up to 12 sold now and plan on selling 3 more soon." Or, "Our charging system is so good no other company will buy it because it works too good."
Lousy management (should all be tarred and feathered)
If there is a Hell, IDEX is an extension of it.
they file their Preliminary Proxy Soliciting materials without the annual meeting date posted and has anyone received voting forms?
This company has turned into a personal piggy-bank for insiders such as "Poor"
I do plan to vote no on most voting questions.
Ideanomics $IDEX Total Debt (mrq) $34.63M
I plan to vote no on most items including no vote for Poor and management
Govprs, I tend to agree, increase from 12 million to 1.5 billion shares is ridiculous.
Vote no on A/S raise.
Form PRE 14A - Other preliminary proxy statements
October 06 2023
https://ih.advfn.com/stock-market/NASDAQ/ideanomics-IDEX/stock-news/92219550/form-pre-14a-other-preliminary-proxy-statements
DISRESPECTFUL DUMPING
Not today!!!
Opposite today. Lots of buys
Lolol brilliant again.
not inexplicable. the company talks a lot and delivers nothing.
Electric Motorcycle Grabs First Ever Podium Against Field Of Gas Bikes in MotoAmerica
This weekend Stefano Mesa and Energica made history with a second-placed finish in Super Hooligans
By Bradley Brownell
Published Yesterday
https://jalopnik.com/energica-rider-first-ever-electric-podium-motoamerica-1850825442
This weekend during the Circuit of the Americas round of MotoAmerica’s two-wheeled traveling circus history was made. As the only electric-powered rider in the Roland Sands Super Hooligan class, Stefano Mesa’s Energica Eva Ribelle RS has been fighting an uphill battle for a couple of seasons now. With some serious development work this year, Mesa has managed to take the fight to the gasoline burners, and during Saturday’s race found his way onto the podium with a second-place finish.
There aren’t many places where electric machines can compete on even footing with gasoline-powered race cars. Electric racing is typically best suited to events that are short sprints or time attacks, like Pikes Peak, drag racing, drifting, and rallycross, but there aren’t many wheel-to-wheel series that pit electric machines against gas machines. That’s one of the best aspects of what MotoAmerica is doing right now, enshrining a run-what-you-brung mentality that sees a lot of entries from privateers trying to take on the best in the world.
$IDEX NAME WAS REMOVED FROM THE NASDAQ NONCOMPLIANCE LIST
$IDEX @ideanomicshq Breaking News:
— DewmBoom (@dewmboom) September 13, 2023
IDEX is now in FULL COMPLIANCE with NASDAQ, as their name was just removed from the NASDAQ Noncompliance List! pic.twitter.com/bBsGN22kKt
it can also DUMP to new lows in the blink of an eye!!!
$IDEX can regain compliance with NASDAQ anytime now!
Ideanomics did a massive REVERSE SPLIT Plus $IDEX is running out of cash. Debt is piling up. Total Debt (mrq) $34.63M
Lets see...Electric cars catch on fire. The Ford CEO test drove a company F150 and was not happy. IDEX spent a lot of money on electric crap no one uses. I invested and bought into the hype of electric. And to top it off a feeble old man leading this socially diseased country loves ice cream and riding with his head out of the window of electric vehicles... Maybe I should go back to buying Exxon or Pioneer or any oil company? This company and my decision to invest in it was a huge mistake.
But maybe a chance for a quick reversal soon...
Won’t be long and they’ll be doing another reverse split, lol
all good reasons to DUMP and move on
Listen, we know range anxiety is real. 🚘 🔌
— Secretary Jennifer Granholm (@SecGranholm) August 25, 2023
EV sales have tripled under President Biden, and we’re determined to keep up that momentum.
That’s why we’ve released $7.5B💸 to make public charging stations more accessible and boost consumer confidence. pic.twitter.com/vcn0nM4KC8
IMO, fair and insightful assessment. Thanks.
After reading the current Second quarter I see great concern of this company moving forward.
- 2nd quarter earnings down from previous quarter earnings.
- The company has too many pending litigations, which are very costly.
- There is a lack of guaranteed funding going forward.
- The general and administration expenses are way too high for the very little Revenue from sales as stated revenue from sales = $7,828 but general and administration expenses = $23,626
Total revenue $8,183 but total operating expenses = $35,882 IMO if this is not changed there is only one way the pps will move and it is not up.
- It seems Naked short sellers have control on direction this company will go and current managers seem inept in handling their very high expenses.
- As they correctly stated IDEX is = A GOING CONCURN COMPANY.
- The salary of A. Poor alone is more than their Gross profits. Poor has set the company up as a personal piggybank for insiders and only they will benefit in bankruptcy which seem the direction Poor is taking IDEX
- Note: I have been long supporting IDEX and now not happy with this 1:125 R/S
- IMO, Management should be ashamed at their performance.
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PUBLICATION NOTICE
TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED THE PUBLICLY TRADED COMMON STOCK OF IDEANOMICS, INC. ("IDEANOMICS") (NASDAQ: IDEX, WCST, SSC) LISTED ON THE NASDAQ OR DOMESTICALLY IN THE UNITED STATES BETWEEN FEBRUARY 1, 2017 AND NOVEMBER 13, 2018 AND WERE DAMAGED THEREBY ("CLASS").
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Southern District of New York, that Lead Plaintiff Jaysukh Rudani ("Lead Plaintiff"), on behalf of himself and each member of the Class, and defendants Ideanomics, Zheng Wu a/k/a Bruno Wu, Bing Yang, and Robert Benya, have reached a proposed settlement of the above-captioned action ("Action") in the amount of $5,000,000 that, if approved, will resolve the Action in its entirety (the "Settlement").
A hearing will be held on January 25, 2022 at 10:00 a.m./p.m., at the Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, New York, NY 10007 in Courtroom 11A for the purpose of determining: (1) whether the proposed Settlement as set forth in the Stipulation of Settlement dated July 30, 2021 ("Stipulation") of the Action is fair, reasonable, and adequate; (2) whether a Judgment should be entered by the Court dismissing the Action with prejudice; (3) whether the Plan of Allocation for distribution of the settlement funds available for distribution is fair, reasonable, and adequate and should be approved; and (4) whether the application of Lead Counsel for the payment of attorneys' fees in the amount of 33.33% of the Settlement Fund, and reimbursement of Lead Counsel's expenses up to $40,000, should be approved."
IA is looking at gobbling the biggest piece of the IDEX Pie!...
IA committed to buy, From time to time IA will be adding a whopping $150Million dollar worth of IDEX!.
Already bought:
IA II PN Ltd just bought 12.5M Shares @$2.213 and few days earlier same IA II PN Ltd bought another 13.3M shares @$2.613 together 25.83M shares for total Sales of $35M
Here is the News Link: https://www.otcmarkets.com/filing/html?id=14532953&guid=zWUqUnO0tQNjb3h