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Thank you Alf for your amazing leadership, vision and vision!
Yes, thing is just about worthless
Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB
August 10 2023
https://ih.advfn.com/stock-market/NASDAQ/ideanomics-IDEX/stock-news/91788768/form-nt-10-q-notification-of-inability-to-timely
The Registrant is unable to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 (the “Report”) by the prescribed due date of August 9, 2023, without unreasonable effort or expense for the following reasons:
In conjunction with the Registrant’s financial close of the second quarter of 2023, the Registrant has been completing the required accounting activities governing annual and quarterly assessments of the valuation of assets and business units. The decline in and current level of the Registrant’s market capitalization has recently generated some incremental material questions regarding the application of impairment standards, which are in process, but require additional time to complete related valuation activities. The Registrant believes it will be able to conclude these ongoing valuation activities within the period specified in Rule 12b-25(b)(2) based on the definition of related scope of work and accounting questions.
In accordance with Rule 12b-25 promulgated under the Securities Exchange Act of 1934, as amended, the Registrant intends to file its Quarterly Report on Form 10-Q on or prior to the fifth calendar day following the prescribed due date.
Not adding any here because at a nickel it is gonna have to do the nasty to knock that 1.3 BILLION OS down.
Merry Christmas $$$$$$$$
They couldn’t get chips $$$$$
Merry Christmas!
Form 8-k
August 7, 2023
https://ih.advfn.com/stock-market/NASDAQ/ideanomics-IDEX/stock-news/91752203/form-8-k-current-report
Item 3.02 Unregistered Sales of Equity Securities.
On August 7, 2023, Ideanomics, Inc. (“Ideanomics” or the “Company”) issued 70,093,458 shares of its common stock, par value $0.001 per share (the “Common Stock”) upon conversion of 3,000,000 outstanding shares of the Company’s Series B Convertible Preferred Stock by the holder thereof in accordance with their terms. No other consideration was provided to the Company for the issuance of the shares of Common Stock.
Item 8.01 Other Events.
As previously reported, on March 14, 2023, Acuitas Capital, LLC (“Acuitas”) filed suit against Ideanomics in the U.S. District Court for the Southern District of New York, alleging breach of the Securities Purchase Agreement executed between the parties on November 14, 2022. On August 7, 2023, Ideanomics and Acuitas entered into a Settlement Agreement pursuant to which the parties will file with the court a stipulation of discontinuance with prejudice of the action. No admission of liability will be made by either party
Recent LinkedIn post.
https://www.linkedin.com/posts/activity-7091447629544374272-4M1b
how much of IDEX income was derived from Timios?
SN, agree, thanks for the insightful post.
PTS, great find, thanks for sharing. With these incentives, they should be selling like hotcakes.
Source https://californiacore.org/equipment-category/agriculture/
So they posted a loss, but it was a far lesser loss than they usually post. Which tells me this company is going in the right direction !
It tells me they will be profitable soon.
$IDEX - "Solectrac Electric Tractor's open house this August 8, from 11 to 4 PM."
https://solectrac.com/news/open-house
Ideanomics Full Q1 2023 Earnings Call
Aug 4, 2023
Ideanomics, Inc. (IDEX) Q1 2023 Earnings Call Transcript
Aug. 04, 2023 7:29 PM ET
https://seekingalpha.com/article/4624288-ideanomics-inc-idex-q1-2023-earnings-call-transcript
SA Transcripts
139.37K Followers
Ideanomics, Inc. (NASDAQ:IDEX) Q1 2023 Earnings Conference Call August 4, 2023 4:30 PM ET
Company Participants
Tony Sklar - Senior Vice President, Investor Relations
Alf Poor - Chief Executive Officer
Scott Morrison - Chief Financial Officer
Robin Mackie - Chief Operating Officer
Conference Call Participants
Tony Sklar
Welcome, everyone, to the Ideanomics First Quarter Earnings Conference Call. Joining me today, I am pleased to have Mr. Alf Poor, Chief Executive Officer; Mr. Scott Morrison, our Chief Financial Officer; and Mr. Robin Mackie, our Chief Operating Officer.
The recording of today’s call will be archived and available in the Investor Presentations section of the corporate website for a minimum of 30 days. We look forward to having a live call again in our Q2 call.
During the call, we will make forward-looking statements such as dialogue regarding our revenue expectations or forecasts for remaining quarters and the full fiscal year 2023 and 2024. These statements are based on our current expectations and information available as of today and are subject to a variety of risks, uncertainties and assumptions.
Actual results may differ materially as a result of various risk factors that have been described in our periodic filings with the SEC. As a result, we caution you against placing undue reliance on these forward-looking statements.
We assume no obligation to update any forward-looking statements as a result of new information or future events, except as required by law. In addition, other risks are fully described in the Ideanomics periodic filings with the U.S. Securities and Exchange Commission, which can be viewed at www.sec.gov.
Today, August 4, 2023, the company has filed with the SEC’s Form 10-Q for Q1 2023 and afterwards, issued a press release announcing those financial results. So participants of this call may -- who have not may already have done so may look at those documents once we provide a summary of the results on this call today.
The format of today’s call will be as followed, Mr. Alf Poor will begin our comments today and speak to the company’s progress and strategic developments. Mr. Scott Morrison will speak to the company’s operating and financial results for the first quarter 2023. And Mr. Robin Mackie will speak to the company’s operational activities and progress since our last earnings call. Alf Poor will then make management’s closing remarks.
I will now hand the call over to Alf Poor, Ideanomics, CEO.
Alf Poor
Thank you, Tony. And thank you to everyone joining our Q1 2023 earnings call today. Ideanomics has been building an organization with groundbreaking technology in zero emission transportation and some of the best technical and engineering teams in the areas of electric vehicles and charging, whether WAVES industry-leading high-power wireless charging systems, Energica’s performance motorcycles or VIA’s unique cost-efficient, fully electric commercial vehicle skateboard platform, Ideanomics has unquestionably been at the forefront this revolution in transportation.
Our goals and objectives have remained the same throughout the last few years, which is to build the businesses for value until the market matures to the point companies in the sector can become profitable.
The market conditions across the entire EV industry have been challenging. Incentive-based legislation lagged and commercial vehicle adoption was slow as a result. Today, we are making decisions that will ensure a better tomorrow to take advantage of the market as it matures and to ground the company with a platform that will reward our shareholders with increased value as the commercial EV market matures.
Our focus today is on what we consider to be the largest addressable market opportunity, which is local and last-mile delivery vehicles and associated charging products. Our vehicles and charging systems provide fleet operators with confidence that EV and confidently deliver what their businesses require, which is affordability and reliability.
Local deliveries are growing at a fast pace as convenience for consumers becomes mainstream with the retailers. We plan to provide fleets with class-leading vehicles and charging to meet this growing demand.
Market growth in the large-scale segment, such as local deliveries, leads to sustainable growth for companies like Ideanomics and sustainable growth for Ideanomics means we can confidently plan our business, control our operating costs and transition into profitability. Profitable growth will attract interest in our stock and provide investors with the returns they are looking for.
At this time, we no longer enjoy the capital flowing into the EV sector as we did in 2020 and 2021. We continue to pursue debt financing as an alternative to help bridge the gap between now and the EV markets recovery. However, despite the lack of capital, each of our businesses has continued to make progress. The orders at Solectrac, Energica and U.S. Hybrid have all continued to grow.
For example, since the beginning of this year, Solectrac has continued to expand its dealer network has launched a tractor rental program and has continued to ensure that its products are eligible for applicable government incentive programs like the CORE program in California. That CORE program allows for upwards of $16,000 to be allocated for the purchase of a tractor. This means it will make it easier and less expensive for customers to buy Solectrac’s tractors.
Our primary seller, the e25 sells for around $35,000, including accessories, with the CORE program providing $16,000-plus in incentives. And the result, of course, is that everyone from farmers to hobbyists can buy a tractor today at nearly half the price.
Energica has expanded its motorcycle sales to new markets such as Japan, Australia and Pakistan. The Asia-Pacific region is a key growth market for Energica, where two-wheelers comprise a large portion of vehicles on the road. Additionally, the Energica Inside business has made a number of exciting new sales, which Robin will speak to in more detail.
U.S. Hybrid has continued to grow its order book, have announced several projects, including the development of a hydrogen-powered rubber tire gantry crane with Mi-Jack, additional electric and hybrid electric street sweepers in conjunction with GEP and it announced two significant follow-on orders for electric propulsion systems that will be used in the Department of Defense projects and to power specialty vehicles.
With this progress aided each of our businesses, even though the market is limiting our ability to raise capital that does not mean assets aren’t valuable, they are. Each one of them has attracted various levels of inbound interest from potential investors and acquirers. We will need to make some decisions about that interest in terms of whether we intend to act on that interest or not.
Strategic investors can be valuable for both near-term capital and market recognition of enterprise value, and of course, an acquisition of one of our operating companies at the right price can provide non-dilutive capital to support the growth objectives of our other businesses. There’s plenty of interest and plenty of decisions for the Ideanomics Board and management teams to make in the coming weeks and months in this regard.
In the case of an Energica and Solectrac, there is both interest in strategic investment into those companies, as well as interest to acquire them. For that reason, we have engaged advisers to run a process on those businesses to ensure we consider all options and take the best course of action for the company and our shareholders.
In terms of U.S. Hybrid and WAVES, the interest is from industry partners, we know well, which is an endorsement of those companies and their potential.
In some cases, we believe the level of interest indicates that the value of some of our individual assets could achieve a valuation greater than our current market cap. Ultimately, we must pursue these discussions and take the most favorable course of action to ensure Ideanomics continued success.
As I mentioned a few moments ago, we are continuing to focus the group on what we think is the biggest opportunity, local and last-mile delivery vehicles, associated charging products and the energy and charge management software solutions, we’re building in Ideanomics digital.
There continues to be interest in VIA Motors products, both at the OEM licensing and customer fleet levels. Some of the steps we’ve taken and the things I’ve mentioned on today’s call are intended to ensure we have the capital to continue to develop VIA Motors and take advantage of this interest.
With that said, I will now hand you over to Scott Morrison, who will take you through our financial results for the quarter.
Scott Morrison
Thank you, Alf, and thank you, everyone, listening to this call. Revenue for the quarter was $10.6 million, 58% lower than the same time last year. This was primarily due to a decrease in revenue from Timios, our title and escrow services business and a decrease in revenue from our China-based EV resale business. This dip is primarily caused by temporary cyclical macroeconomic factors. What I want to highlight is our work toward generation of higher margin revenue from EV-related products and services in our core markets.
In Q1, we generated $5.9 million in revenue from EV charging and battery products and services, a decrease of 62% year-over-year. $4.8 million of that EV charging and battery revenue came from the U.S. and Europe, 2.2 times higher than the same time last year. EV revenues are where our focus remains going forward.
Gross profit was a loss of $0.6 million, representing a gross margin of negative 5.4%. This is a decrease of $0.6 million compared to the breakeven results seen in 2022. The decrease was primarily due to higher level fixed costs in our organization, which we have since begun to offset through cost reduction measures that Robin will touch on.
As of quarter end, Ideanomics cash balance was $18.9 million. In the first quarter, we used more cash for operations compared to the same time last year due to the higher fixed cost earlier mentioned and investment in forward-looking research and development. Cash flow from investing activities in the first quarter was $2.2 million, which was primarily due to expenditures incurred for the acquisition of VIA Motor.
Looking ahead, Ideanomics will continue to raise capital. We are exploring attractive capitalization opportunities from diverse sources. We anticipate bringing additional capital into our business before the end of this year with an emphasis on non-dilutive financing, as Alf mentioned.
I’d like to hand this over to Robin Mackie, Chief Operating Officer, who will discuss our operations in more detail.
Robin Mackie
Thank you, Scott. Whilst market conditions have remained challenging, my focus has been and will remain on improving efficiency across the business to maintain progress on the various product development initiatives and to grow the order book despite the current hurdle and constraints.
During our last earnings call, I spoke about consolidation, bringing our cost structure in line with our ability to capitalize the business for future growth and specifically about consolidating our charging operations into a single business unit, WAVE Charging. That consolidation is not complete, bringing our inductive wireless charging, DC fast charge, AC Level 2 charging and Energica [ph] platform under a single organization, with the goal of delivering comprehensive charging solutions to modern commercial fleets.
We continue to reduce costs, both the corporate and operating company levels. Market I previously mentioned, the 30% reduction has been achieved and surpassed. It is our intent to continue to review our costs on a regular basis.
Where there are strategic and financial cases to do so, we intend to sell or seek direct investment in our operational businesses, return value to shareholders and bring in non-dilutive capital to maintain our operational business, their rate of growth under development.
Despite the capital constraints, the management team at each of our businesses have worked diligently to ensure they continue to make the progress expected. I’d like to provide you with a few examples.
Energica has continued to grow its distribution network for sales of its bikes, opening new markets in the Asia-Pacific region and Energica’s motorcycles keep breaking records, as Stefano Mesa recently riding an Eva Ribelle RS competing against IC-engine bikes to be a lap record at the iconic Laguna Seca circuit.
The Energica Inside business unit has made excellent progress bringing Energica’s unique electrification technology to other markets. The company has already announced several of these projects, including completing the feasibility study of a platform for electric off-road vehicles with a global OEM, the development of electric solutions for ultra-light and light aircraft, the project with Plenitude, subsidiary of a multinational energy company to develop electric solutions for the marine sector initially focused on the recreational market for jetski.
Solectrac, our electric tractor company has continued to expand its dealer network to make its tractors more easily available through rental and government incentive programs. The company recently announced the addition of the e25H to its product lineup, featuring a hydrostatic transmission, frequent requests from Solectrac’s dealers and customers. Recently, the development of the company’s new tractor range continues, but at a reduced pace as a result of the current capital constraints.
Alf has already talked about some of the new projects at U.S. Hybrid. The management team continues to develop the business away from one-off projects towards a more product-orientated focus, delivering high quality systems and vehicle conversions to its customers, and continuously expanding its long-term order book.
With the WAVE Charging consolidation and restructuring complete, the business has attracted interest for both new markets and potential financial partners. WAVE Charging is now focused on scalable commercial proof-of-concept projects with marquee clients. This aligns WAVE to reduce its reliance on government-funded projects that tend to require much longer sales and implementation cycle. While it’s too soon to speak about the projects in detail, the WAVE team has secured contracts for initial proof-of-concept deployments with three large logistics fleets.
The VIA team has continued to work on expanding its order book with Pegasus Specialty Vehicles announcing the first 200 sales out of a commitment of 2,000 units to be built on VIA’s VTRUX cutaway and chassis cab platform.
EAVX, part of the JB Poindexter organization recently showed a prototype of their cutting-edge Proxima Van using VIA’s skateboard technology at the Work Truck Week event in March. The development time line for the VIA platform towards the initial target started production late 2024 will be extended due to current capital constraints. We are in early stage discussions with several financial and strategic partners interested in making direct investments into VIA Motors to support the continued development of VIA.
Now back to Alf Poor to give our closing remarks.
Alf Poor
Thank you, Robin. I’d like to take the last couple of moments to remind our shareholders that some of the accounting treatments Scott spoke about in our Q1 numbers are necessary in a period of downward market cap pressure and it’s fair to say the entire sector is seeing depressed valuations at this time. These are by and large non-cash items.
I’d like to highlight that Ideanomics has developed some very compelling technology forward businesses with considerably less investment than some of our peers and certainly at a fraction of the cost of incumbent OEM. This is one of the many reasons I believe we are seeing strong interest in our companies.
We are nimble, we are hungry, we are innovative and we are seeing market demand for our products and services, which are robust, reliable and built for purpose. The projects we are working on support the transition to EV and range from conversion to specialist vehicles in both battery EV and hydrogen formats, through to supporting the transition of large-scale fleet into electric vehicles. Each of these projects adds to our capabilities, our expertise and our success.
Given that the first quarter earnings were late, we will be speaking to our investors again shortly for the Q2 earnings and I will provide more information on our progress and development at that time. Thank you all for tuning in today and from everyone of Ideanomics, thank you for your continued interest and support.
Tony Sklar
This is all the time we have for today. This concludes the Ideanomics first quarter 2023 investors conference call. We encourage our community to continue to reach out to us and we can answer any questions that you have individually. You can send your questions into ir@ideanomics.com.
We’d like to thank our listeners, shareholders, analysts and others who have taken the time to listen to our earnings call. We refer to our latest SEC filings for any information that you need. This call will be available from our website for invest -- in the Investors section and you will find the link there.
To be alerted to news, events and other information in a timely manner, we recommend you following us on our social media channels, sign up to our newsletter and explore our website at www.ideanomics.com.
Thank you, everyone, for participating and listening in the call today.
Ideanomics, Inc. Reports Q1 2023 Financial Results
- Revenues for the quarter ended March 31, 2023, were $10.6 million
NEW YORK, Aug. 4, 2023
https://investors.ideanomics.com/2023-08-04-Ideanomics,-Inc-Reports-Q1-2023-Financial-Results
Reading through the SEC Filing which IDEX just filed - THIS MANAGEMENT TEAM MAKES WAY TOO MUCH $$$ BASED ON STOCK PORFORMANCE. THEY HAVE IDEX SET UP TO BE THIER PERSONAL PIGGY BANK. POOR AND TEAM SUCKS!
Ok, my TD Ameritrade think or swim says earning today :After market central time"
just found Benzinga.com and it shows Q2 2023 earnings Aug. 18th before the open...
but the conference call is scheduled for today at 4:30.
who am I supposed to believe?
How os this still under .10?
How is this still on the Nasdaq? Hasn't it been under .10 for ten days?
Let’s see continued breakout over .12
FYI - $IDEX earnings this Friday. Here are some accomplishments:
— Theodore R. (@TheoRVDB) August 1, 2023
- @Solectrac #tractors eligible for CORE program, dealership expansion, and rental program
- @EnergicaMotor Energica Inside projects
- @USHybrid $6M deal, #hydrogen bus projects, zero-emission sweeper productions
Solectrac eUT+ Electric Tractors Eligible for California CORE Voucher Program
Aug. 1, 2023
https://investors.ideanomics.com/2023-08-01-Solectrac-eUT-Electric-Tractors-Eligible-for-California-CORE-Voucher-Program
Narrow zero-emission vineyard and orchard tractor electrifies agriculture
WINDSOR, Calif., Aug. 1, 2023 /PRNewswire/ -- Solectrac is excited to announce the eligibility of its narrow zero-emission vineyard and orchard tractor, the eUT+, for the California CORE Voucher Program, which aims to accelerate the purchase of zero-emission off-road equipment. The program, which is tailored to small business and government entities, opened on July 18 and pays up to 50% of the initial purchase of eligible zero-emission off-road equipment.
"We appreciate the dedication of the State of California to incentivize zero-emission off-road machinery through its CORE program and encourage small business owners and government entities to take advantage of this opportunity to electrify their machinery at a significantly reduced cost," said Mani Iyer, CEO of Solectrac. "This is the kind of government action that will help companies like Solectrac, who are committed to providing alternatives to fossil fueled machinery, to grow our customer base and our product offerings."
The California CORE Voucher program provides vouchers at the point of sale to make eligible zero-emission equipment similar in price to diesel-fueled equipment. It is a first-come-first -serve program and is receiving applications now. "The eUT+ is our powerful, zero-emission, quiet version of a conventional 80-90 HP tractor category, but superior because it provides instant torque & high peak power capabilities, " Iyer explained. "This machine Is designed to fit between narrow vineyard and orchard rows and perform all the tasks of that size tractor, but without the noise and pollution and with lower total cost of ownership."
The eUT+ is approved for a $28,000 CORE voucher which makes it as affordable as an equally sized diesel tractor minus the associated environmental and human health costs of fossil fuel combustion. Solectrac is taking orders now for the eUT+ which will be available in early 2024.
Solectrac's compact 4WD electric tractors, the e25G and e25H, are also eligible for the voucher at $16,167 and $13,753 respectively, and are an ideal solution for California's hobby farms, golf courses, sports fields, equestrian centers, educational institutions, and municipalities that need to electrify their tractor fleets to comply with California's climate regulations.
Solectrac assembles its tractors in Windsor, California, at one of the largest dedicated electric tractor assembly facilities in the United States. Recently expanded, the facility supports local green jobs and has an annual assembly capacity of 6,000 units per year.
Solectrac is the first company to create a national USA certified dealership network and is now partnering with its dealerships to offer an electric tractor rental program, allowing customers to experience the benefits of Solectrac electric tractors on a monthly basis. The Solectrac dealer network currently includes 40 dealers with 86 locations across the country, with 8 of those locations In California.
Solectrac is a subsidiary of Ideanomics (Nasdaq: IDEX), a global company with the mission to accelerate the adoption of electric vehicles. Solectrac has been a Certified B Corp since 2019 and continues to maintain the highest standards of verified social and environmental performance, public transparency and legal accountability.
Sonic Boom $$$$$$$
It’s great news they are announcing for this week
After market close on Friday us also very interesting.
Chips are on the table I’m all in.
My opinion is they are not ready as yet except maybe for a couple like Rivian.
Most are hurting for cash, Rivian has lots of cash.
Merry Christmas $$$$$$$$$weeeeeee
Do you think these EV related stocks are ready to take off and reach their full potential yet or are they still in the accumulation phase ?
NEW YORK, July 31, 2023 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") will release its 2023 first-quarter financial results on Friday, August 4, 2023 at approximately 4:00 p.m. ET, followed by a prerecorded conference call at 4:30 p.m. ET. A link of the conference call and earnings materials will be available on the Company's investor relations website: https://investors.ideanomics.com
92S, the current average cost of diesel in the US is $3.9/gallon, down 30% from a year ago (Source link here). Thus the $0.244/gallon tax is only 6% of the cost of one gallon of diesel, and significantly less than the 30% drop in price from a year ago.
One option for the US government could be to gradually increase the diesel tax. Say for example they gradually double the tax to $0.5 over some period of time, even if half the diesel trucks are gradually replaced by BEV or hydrogen FCEV trucks during that same period of time, the government still earns the same $ amount from the diesel tax, and the environment would be a lot cleaner, it's a win-win.
Alf Poor 1:1 Interview at BNEF Summit
Posted Jul 19, 2023
Ideanomics CEO Alf Poor shares upcoming developments.
US diesel tax is 0.244/gal.
that's $8.9 billion the govt isn't going to give up any time soon.
Developing an Effective Charging & Energy Strategy for Your Fleet’s EV Transition
Posted Jul 19, 2023
Bryan Rubio of Ideanomics Energy discusses transitioning fleets to EV at an Advanced Clean Technology webinar.
Number of European hydrogen refuelling stations set to grow as new law is adopted
By Charlie Currie
on Jul 25, 2023
https://www.h2-view.com/story/number-of-european-hydrogen-refuelling-stations-set-to-grow-as-new-law-is-adopted/
The European Council has today (July 25) adopted legislation that will see hundreds of hydrogen refuelling stations deployed across the continent.
Adoption of the Alternative Fuel Infrastructure Regulation (AFIR) will see the rule published in the EU’s official journal after the summer and will enter force 20 days after publications with the rules due to apply from six months after the date of entry.
AFIR dictates that hydrogen refuelling stations serving both light- and heavy-duty vehicles must be deployed in all urban nodes and every 200km along the core TransEuropean Transport Network (TEN-T) by 2030.
Quote: "Today, in the US alone, the trucking industry uses 36.5 billion gallons of diesel a year" (by Jason Few, CEO of FuelCell Energy at min 6:45 into the video at the following link Our Hydrogen Future: Sustainable and Abundant (and Local?) | Jason Few | TEDxNewHaven).
DOES YOUR MOM ALLOW YOU OUT AFTER DARK?????????????????????????????????
BE HOME BY 8:00 P.M., "JAMMY"!!!!!!!!!!!!!!!!!!!!!!!!!
YIKES!!!!!!!!!!!!!!!!!!!!!!!!YIKES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!YIKES!!!!!!!!!!!!!!!!!!!!
I'LL KEEP THIS UP, AS LONG AS YOU WANT!!!!!!!!!!!!!!!!!!!!!!
Does Your Mom Know Your using The computer
THANK YOU AGAIN, YOUR ASS-----!!!!!! YOURSELF!!!
I REST MY CASE, YOUR LAWYER!!!!!!!!!!!!!!!!!
REALLY!!!!!!!!!!!!!!!!!!!!!!!!!!REALLY!!!!!!!!!!!!!!!!!!!!!!REALLY!!!!!!!!!!!!
BEAM ME UP SCOTTY!!!!!!!!!!!!!!!!!!!!!!!!
What an A$$ clown eh
Judges don't say "I rest my case", lawyers do.
THANK YOU, YOUR HONOR!!!!!
YIKES!!!!!!!!!!!!!!!!!!!!!!!YIKES!!!!!!!!!!!!!!!!!!!!!!!!!!!!YIKES!!!!!!!!!!!!!!!!!
I THINK YOU JUST DID!!!!!!!!!!!!!!!!!!!!!!!!
YIKES!!!!!!!!!!!!!!!!!!!!!!!!YIKES!!!!!!!!!!!!!!!!!!!!!YIKES!!!!!!!!!!!!!!!
GET A LIFE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Oh rest assured my young friend, I’m the one with the life. I don’t make silly posts
YOU ARE WORRIED ABOUT A "YIKE",MEAWHILE THE PPS IS TANKING.
GET A LIFE!!!!!!!
YIKES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!YIKES!!!!!!!!!!!!!!!!!!!!!!YIKES!!!!!!!!!!!!!!!!!!!!
Dead co bounce $$$$$$$
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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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