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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
https://x.com/dewmboom/status/1701758829954842875?s=46&t=4i2e71_mIJlM2gX3MyKXew
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.
EV Motorcycles $IDEX vs $ALYI https://investorshub.advfn.com/Alternet-Systems-Inc-ALYI-1679
No. It will crash down just as quick once the company starts the dilution machine. Lost 11k and learned my lesson about electric cars/trucks/motorcycles. Even the CEO of Ford acknowledges that a lot more work must be done once he drove an electric F150. IDEX is just another word meaning, crap.
Its 10:55 AM. It hasn't taken its nosedive that many, but not all stocks take after a reverse split. Instead it appears to be "stair stepping" upward.
The MACD flipped so it should be going up !!!
$IDEX is the next $ALYI Electric Motorcycles
$IDEX $.0000001 coming before MASSIVE REVERSE SPLIT
$IDEX $.0000001 coming before MASSIVE REVERSE SPLIT
IDEX should trade close to $5.00 on Aug 25th after 1:125 R/S
The stock shares authorized should move from 1.5 billion to 12 million
IDEX will have new cusip # of 45166v205 so what happens to those that have Naked short positions?
I found this about naked short during R/S
Where Naked Shorts Go to Die
DiIorio also spotted a significant, seemingly toxic byproduct of this sort of activity.
graph1-Graphic: The Intercept.Reverse mergers and reverse splits typically result in a change in the CUSIP, the nine-digit identification symbol assigned to a public stock.
Once that CUSIP changes, the naked shorter has no apparent way to close out the naked short position. No stock under the old CUSIP number exists anymore; it all automatically converts to the new CUSIP.
Those trades can sit in the Obligation Warehouse forever, in theory. But the “aged fails” — essentially orphaned naked short transactions — remain on the naked shorter’s balance sheet as a liability to be paid later.
By DiIorio’s reckoning, then, the cycle of naked shorting and reverse splits would inevitably result in an ever-increasing number of aged fails. And if that was happening, and those liabilities grew bigger and bigger, then federal regulators could see the outlines of the scheme on any financial statement.
DiIorio believed Knight accounted for its aged fails in the “sold not yet purchased” liability on its balance sheet. That’s supposed to be an inventory of stocks for use in future market making, which goes up and down as orders are filled. But DiIorio says it was a hiding place for a billowing structural liability.
And consider this: According to its own financial reports, Knight’s “sold not yet purchased” liability jumped from $385 million at the beginning of 2008 to $1.9 billion by mid-2011.
Jim Angel, the business professor, said there could be other explanations — such as Knight’s growth as a company during that period — for why the “sold not yet purchased” liability ballooned. But, he said, market makers are typically “in the moving, not storing, business, and like to keep their inventories as small as possible.”
DiIorio had no such doubts. He saw the fact that Knight was blowing a hole in its own balance sheet as undeniable evidence of the naked shorting play.
KCG spokesperson Sophie Sohn was asked specifically about that claim and declined to comment.
If DiIorio was correct, Knight was driving penny stocks down over and over again with naked shorting, then not actually closing the trades, and racking up enormous paper liabilities.
This was even more complicated than he thought. It was time to call the cops.
1:125 RS good or bad my take?
IDEX will have 1:125 R/S on Friday Aug 25 so if PPS is at .04 on Friday it should trade 125 times that so about $5.00 ps
Is this good or bad long term? IMO this will be good as it is needed to be SEC compliant. It is optionable so should increase volume accordingly. WHAT I FIND INTERESTING IS THEY ARE ALSO CHANGING THE CUSIP # FROM 98741R108 TO THE NEW CUSIP OF 45166V205 - Now I am not sure but this could be used to make all naked shorts buy to close their positions to get value in new stock - if anyone understands this better please post any info on this
Ideanomics Announces Reverse Stock Split
NEW YORK, Aug. 23, 2023 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company"), announced today that its Board of Directors has approved a reverse stock split of its common stock, par value $0.001 per share (the "Common Stock") at a ratio of 1-for-125 (the "Reverse Stock Split"). The Reverse Stock Split is expected to become effective on August 25, 2023 (the "Effective Date"), and the shares are expected to begin trading on the split-adjusted basis on the Nasdaq under the Company's existing trading symbol "IDEX" at market open on August 25, 2023, upon Nasdaq's approval. The new CUSIP number following the Reverse Stock Split will be 45166V205.
I think they have till November but don’t quote me and don’t invest based on this statement
I remain optimistic this will turn and staying in till the end
Still not understanding how this is still in the Nasdaq. I thought if it was under .10 you had 10 days to do something about it or be delisted.
Ernie get your harpoon $$$$$$$$ weeeee
Fish on $&$$$$$$$$$
JV coming $$$$$$$$$$$ harpoon $$$$$$$
Ideanomics Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q
August 16 2023
https://ih.advfn.com/stock-market/NASDAQ/ideanomics-IDEX/stock-news/91836031/ideanomics-announces-receipt-of-notice-from-nasdaq
NEW YORK, Aug. 16, 2023 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") today announced that on August 15, 2023, the Company received a notice (the "10-Q Notice") from the staff of the Nasdaq Listing Qualifications department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Form 10-Q for the period ended June 30, 2023 (the "Form 10-Q"), the Company is not in compliance with Nasdaq Listing Rules for continued listing.
You are truly welcome
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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
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