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reverse psychology wont work here bro. just look at the chart. i guess well see you with 6x the amount of shares once this hits .05? pffffff
Thanks for all of the additional REALLY cheap shares of VLCN stock. Thanks to all of you wonderful panic sellers I now have almost three (3) times the amount of shares that I used to have and I have cut my C.P.S. almost in half. God I love panic sellers.
extremely dead. lol
Dead cat bounce
https://ih.advfn.com/markets/nasdaq/premarket
How low do we go today? Shall we test the 0.02s? Almost down 50% since earnings, that says it all, another Arcimoto (FUV) in the making
Lol already happened from .95 to 2.15
.33! Only .13 away from covering. This is sooner than I thought.
Fun to watch people throw their shares away for nothing. Oh well.
you could have easily said the same thing at 10.00 pps. noone listens to that BS youre spewing
.44 now. Wasnt it just a few days ago that everyone was boasting about buying at .95 for the big run? Oh and I forgot. People were making fun of my 12.00 average short and said I better cover or id get caught w my pants down. Pretty entertaining in here.
Now there's a chart that dreams are crushed out of
Yep, share price action tells it all. This one is toast
And what source of energy are theyb using to charge those?? Diesel generators!!
yea right. thats why this stock has been falling since WHAT PRICE? lol
Stupid nonsense. The Army has massive portable chargers which can be used anywhere. Learn how to do some DD's.
The whole concept of an army using EV is as flawed as it could be. Look at the battlefields in Ukraine or Gaza and tell me where you are supposed to charge your vehicles. Don't know what they are smoking at Pentagon, but that's heavy stuff. I could understand if it were Trump's idea, but that one is ridiculous and scary!!
Yea however that view helps me EASILY recognize the shareholder trap share selling scams so my acct stays FULL
glass half empty type arent ya?
Yep basically they're saying they can't stay afloat without RUINING THE STOCK AND SCREWING SHAREHOLDERS.just great
Thats disgusting
$VLCN enough cash on hand to continue to fund operations and the CEO was able to talk creditors into converting some of the debt into preferred shares, They already have Purchase orders and next is production ramp up. in 2 weeks we will get another extension (IMO). all is well if they can lower production costs and increase sales. IMO
Liquidity and Capital Resources
On December 31, 2023, we had cash of $8.2 million, including $0.2 million of restricted cash and we had a negative working capital of $21.4 million. Since inception in February 2020, we have funded our operations from proceeds from debt and equity offerings.
Cash used in operating activities
Net cash used in operating activities was $29.6 million for the year ended December 31, 2023 and includes all of our operating costs except stock-based compensation of $2.6 million, write-down of inventory of $4.3 million, depreciation and amortization of $0.2 million, non-cash interest expense for the amortization of debt issuance costs and accretion of principal on Convertible Notes and May 2023 Notes of $5.0 million, gain on change in derivative financial liabilities of $13.5 million, loss on extinguishment of Convertible Notes of $22.3 million, bad debt expense of $0.1 million. Cash used in operating activities includes a decrease in accounts receivable of $0.6 million due to collections, increases in inventory of $7.6 million due to the purchase of Brats, Volcon Youth motorcycles and purchases of inventory for the Stag after considering the write down of Grunt and Volcon Youth motorcycle inventory, a decrease of $0.2 million in accounts payable, and an increase of $1.1 million in accrued liabilities due primarily to the accrual recorded for the settlement to Torrot. As of December 31, 2023, we have an increase of $0.4 million in customer deposits, primarily for orders to be fulfilled from two of our Latin American distributors for shipments of Brats and Grunt EVOs.
Risks Related to our Common Stock
In March 2024, we exchanged our outstanding convertible notes for Preferred Stock and a significant number of shares of common stock could be issued upon conversion.
In March 2024, we issued Series A Preferred Stock (the “Preferred Stock”) at $1,000 per share in exchange for $24.7 million principal of convertible notes. The initial conversion price for the Preferred Stock is $1.33 and is convertible at any time. On March 5, 2024, certain holders of the Preferred Stock converted approximately $2.3 million for approximately 1.7 million shares of common stock. The total number of shares of common stock that could be issued as of March 27, 2024 for the outstanding Preferred Stock on this date is approximately 16.8 million shares. The conversion price of the Preferred Stock is subject to adjustment if certain events such as a stock split, reverse stock split, or stock dividend occurs, or if we issue equity or convertible instruments at offering prices below the conversion price. In addition, in the event of a change of control or sale of substantially all of the Company’s assets, the Preferred Stock agreement provides for distributions that are either based on the number of common stock shares issuable under these agreements or based on other valuations as defined in the agreement.
The Preferred Stock holders may resell all, or some of the shares of common stock underlying the Preferred Stock after conversion, at any time or from time to time at their discretion. Resales of our common stock may cause the market price of our securities to drop significantly, regardless of the performance of our business. The adjustment of the conversion price for the Preferred Stock held by these investors based on the price of future issuances of securities could also limit our ability to raise capital as potential investors may not make an investment in a new issuance of securities if their investment could be immediately diluted due to adjustments in the conversion price or warrant exercise prices.
imagine you saying that when this was 3600 pps. lol yea it was that high accounting for the splits. lol
Looks like something very positive is happening with VLCN. Don't miss out.
Idc. I just know my average is 12.5! This stock is done. It'll just up and down to .03 or .04. Just a matter of time
Iam sure this wont help your case.
https://www.sec.gov/Archives/edgar/data/1829794/000168316824001664/volcon_8k.htm
im only about .50 from covering my short. shouldnt be long now IMO of course
Right right right..and just where do you thinkbtheyre gettin the money for that? Look deep deep inside. Lol
The Volcon Stag will assist with CBITEC's mission of training Soldiers and supporting the role of evaluating technology while being evaluated itself. The Stag will give the CBITEC team the ability to look at large battery recharging impacts to the tactical grids. With potential multiple units, CBITEC will be able to see the impacts of large load changes required while recharging battery and providing power to a base camp.
Volcon will provide technical expertise to improve energy management in electric vehicles like the Stag, including measurement, monitoring, range extension and export power processes and procedures.
A problem aint a problem if money can solve it.
The move to electrify the battlefield will create new challenges, such as how we recharge electric fleets of vehicles in the field, while still fighting and winning wars,” Tom Decker, CERL's Operational Energy Program Manager, said. "The all-electric Stag provides us the ability to start looking at how charging electric vehicles will impact our tactical electrical grids and then how to scale that problem up to other requirements."
thats going to be an almost IMPOSSIBLE task IMO.
Volcon delivers ERDC’s first all-electric Stag Utility Terrain Vehicle
Volcon’s Gabriel Villareal and Jake Mizell and U.S. Army Engineer Research and Development Center, Contingency Basing Integration Training and Evaluation Center’s Craig White, Kevin Forshey and Mark Bertoni with the Volcon Stag Utility Terrain Vehicle.
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FORT LEONARD WOOD, Mo.— Thanks to the latest delivery at the U.S. Army Engineer Research and Development Center's (ERDC) Contingency Basing Integration Training and Evaluation Center (CBITEC), the push to electrify the battlefield is one step closer.
Volcon ePowersports delivered their all-electric Stag Utility Terrain Vehicle (UTV) to ERDC's Construction Engineering Research Laboratory (CERL) CBITEC facility located at Fort Leonard Wood, Missouri. This milestone marks the first-ever delivery of a Stag UTV to ERDC, in line with the Cooperative Research and Development Agreement (CRADA) between ERDC and Volcon.
Through the collaboration fostered by the CRADA, CERL and Volcon are working jointly on research and development efforts aimed at enhancing the capabilities of electric vehicles, with a focus on creating dual-use products that benefit both warfighters and the U.S. Army Corps of Engineers in their support of emergency services disaster response. CBITEC is providing the space to exercise ERDC’s first Stag.
“We will be able to put the all-electric Stag in front of Soldiers and provide feedback to Volcon,” Craig White, CBITEC facility manager, said. “The Operational Energy Team will have the opportunity to collect data and evaluate the power requirements needed to support the equipment and the Soldier as we move forward electrifying the battlefield.”
The Stag's delivery is supporting government fleet electrification from the current day through 2050. This collaboration supports the objective outlined in the 2022 U.S. Climate Strategy and Executive Order 14057.
"The move to electrify the battlefield will create new challenges, such as how we recharge electric fleets of vehicles in the field, while still fighting and winning wars,” Tom Decker, CERL's Operational Energy Program Manager, said. "The all-electric Stag provides us the ability to start looking at how charging electric vehicles will impact our tactical electrical grids and then how to scale that problem up to other requirements."
The Volcon Stag will assist with CBITEC's mission of training Soldiers and supporting the role of evaluating technology while being evaluated itself. The Stag will give the CBITEC team the ability to look at large battery recharging impacts to the tactical grids. With potential multiple units, CBITEC will be able to see the impacts of large load changes required while recharging battery and providing power to a base camp.
Volcon will provide technical expertise to improve energy management in electric vehicles like the Stag, including measurement, monitoring, range extension and export power processes and procedures.
Nestled under the BEAM EV ARC™ 2020, the Stag will garner its power from the 100% renewable, transportable, off-grid electric vehicle charging system, when not plugged into the tactical grid for research purposes.
$VLCN smart money ->>> https://whalewisdom.com/filing/empery-asset-management-lp-sc-13ga-2024-01-11-vlcn
Schedule 13G/A
Filed by: EMPERY ASSET MANAGEMENT, LP
Total Shares:
0.50m
Subject Company: Volcon Inc View Complete Ownership History
Filed as of Date: 2024-01-11
Event Date: 2023-12-31
Overall % Ownership: 9.99
Empery Asset Management, LP 0 0.50m 0 0.50m 0.50m 9.99%
Ryan M Lane 0 0.50m 0 0.50m 0.50m 9.99%
Martin D Hoe 0 0.50m 0 0.50m 0.50m 9.99%
$VLCN dont be a fool. https://www.defensenews.com/smr/energy-and-environment/2023/10/09/us-army-ready-to-pursue-electric-light-recon-vehicle/
WASHINGTON — The U.S. Army is ready to pursue a prototyping program for an electric light reconnaissance vehicle beginning in fiscal 2024, pending funding approval from Congress, the service’s program executive officer for combat support and combat services support told Defense News.
“We’re ready to get working on that program,” Brig. Gen. Luke Peterson said in an interview ahead of the Association of the U.S. Army’s annual conference. “It’ll be a prototyping effort, and we will learn from that to help inform a fully developed capabilities development document.”
The Army already approved an abbreviated capabilities development document for the eLRV, and Peterson’s office has partnered with the Maneuver Center of Excellence at Fort Moore, Georgia, to develop requirements.
Using some funding in FY22 to get started, the program office conducted market research that included purchasing some commercial electric vehicles in order to test them against an operational mission profile, Peterson explained.
“We took these platforms up to Grayling, Michigan, where we have test facilities, and we put them through their paces,” he said. “The intent of that was to identify what are going to be the operational and/or technical gaps that we need to think about as we solidify this requirement and initiate this program.”
The Army evaluated General Motors’ Hummer EV, a Canoo platform and a Lordstown Motors truck, Peterson explained, describing them as “three disparate vehicles offering different technical solutions.”
The evaluation team is now in the process of preparing a test report, which will feed into the prototyping effort, Peterson added.
At this point, vehicle solutions that could be chosen for the prototyping effort might include both hybrid and all-electric options. “I think we all believe that full electric and today’s battlefield is probably a stretch given the … charging capabilities that would be required,” Peterson said, “but we want to see what industry can do.”
Should the Army choose an all-electric platform, the eLRV would likely be the first to enter the force with that capability.
As part of the Army’s climate strategy it released in February 2022, the service has a goal to modernize its current platforms by adding mature electrification technologies, and field purpose-built, hybrid-drive tactical vehicles by 2035, then move to fully electric tactical vehicles by 2050 to include a charging capability to meet the all-electric fleet’s needs.
Meanwhile, the Army is waiting for an FY24 budget in order to initiate efforts to work on converting some Humvees and Joint Light Tactical Vehicles to hybrid power.
“The president’s budget request reflected funding in order to initiate those efforts,” Peterson said. “From a requirements perspective, our analysis shows that getting after increased fuel efficiency fits within the threshold and objective of the requirements for both of those platforms.”
The Army is engaged in prototyping efforts to hybridize both the Humvee and JLTV through its Rapid Capabilities and Critical Technologies Office, or RCCTO. Those vehicles “are in an integration phase right now,” Peterson added. “We hope to get those into testing here sometime next year.”
Those tests will help inform what could be the final potential design for converting the vehicles, according to Peterson.
Beyond that “we are looking at different acquisition strategies, leveraging what we’re going to learn from RCCTO,” he said, plus how it could be matured to a manufacturing readiness level in order to cut hybrid capability into the production line of the vehicles.
Converting the vehicles, Peterson acknowledged, will take significant investment up front.
“JLTV and Humvee, as they stand today, were not purpose-built to be hybrid vehicles. So when you’re adding on capability, how do you integrate that effectively without taking away any of the capabilities for the warfighter? That is the analysis that we are learning from the RCCTO,” he said.
“We’re very excited for our soldiers to get some of those capabilities that will only help increase their operational warfighting capability, their force protection,” he said, “but at the same time we have to make sure they have the power when they need it, so we think a hybrid approach at this phase is probably the right level of maturity to be going after.”
$VLCN insightful! hey i am on the bid again. filler up. tia
Obviously in VLCN case, its to sell shares so as to not go bankrupt. Let your friend know.
ah haaa.. i see now. question. why do companies go public? asking for a friend
doesnt matter the product. its CONVERTIBLE DEBENTURES! They dont care about their stock, as long as they issue to stay in business.
$VLCN curious to understand what stinks about a company that uses debt financing for manufacturing operations for a viable product?
Volcon Contacts:
For Media: media@volcon.com
For Dealers: sales@volcon.com
For Investors: investors@volcon.com
Volcon Products:
Volcon Stag: https://www.volcon.com/stag
Volcon Brat: https://www.volcon.com/brat
Volcon Grunt: https://www.volcon.com/grunt-evo
Volcon Runt: https://www.volcon.com/runt-lt
Volcon Youth Line: https://www.volcon.com/youth
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