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This has been doing so well whats with the big drop today?
37,668,999 dumped on bid at .0002 today
Another Great Article, Electric Car Sales Have Doubled, Thanks To High Gas Prices
This is a good time to be in the business of selling electric vehicles.
Once moribund, sales of electric cars have more than doubled in the U.S. during the first six months of 2013 compared to the same time period in 2012. Americans have purchased 41,447 of plug-in electric vehicles since January. Thirty-six percent of all the electric cars on the road today have been bought in the previous six months.
The sales figures mark a bold turnaround. It was only February when President Obama backtracked from a stated goal of putting more than 1 million electric cars on the road by 2015. While the recent sales surge won't revive those early hopes -- EV sales still represent only 1.23 percent of the total market -- they are a firm sign of encouragement.
"It highlights the fact you can't look at one month or two months of data," said Patrick Davis, director of the vehicle technology office at the Department of Energy.
"It's the nature of the vehicle market for growth to initially seem slow," he said. "As a matter of fact, through the years, when you look at the introduction of new technologies, whether it's front-wheel drive or airbags or whatever, it happens slow at first and then sort of takes off. Growth happens very quickly."
In some areas of the country, the Nissan Leaf electric vehicle is selling so well that dealerships are running out of inventory.
The automaker reported sales of 2,225 Leafs in June, more than quadruple the 535 sold in the same month one year ago. Through the first half of 2013, sales of the Leaf have jumped 214.6 percent.
The once-beleaguered Chevy Volt is selling even better. General Motors sold 2,698 Volts in June, an increase of 59.2 percent compared to the same month on year prior.
The growth is being driven by changes in both the automotive and consumer camps. Manufacturers have rolled out four new models of plug-in electric vehicles since last year, upping the total available to 13 models. Consumers are gaining a better understanding -– and appreciation -– of the way electric cars perform. And prices are declining. Nissan, for example, trimmed the Leaf's price by $6,000 earlier this year. Davis said the costs of the battery technology that powers these cars has declined by 50 percent over the past four years and expects a further drop.
While there have been well-documented concerns about the slow growth in electric vehicle sales, EVs have actually been adopted by consumers faster than hybrid cars were a decade ago.
In the first 30 months after the Toyota Prius debuted in 1999, cumulative hybrid sales were approximately 50,000 units, according to an analysis done by Argonne National Lab. In the first 30 months since plug-in electrics were released in December 2010, cumulative sales have been approximately 112,724.
Stubbornly high gas prices have also contributed to the increase. Although many oil industry experts predicted lower prices at the pump this summer, the national average remains $3.67 per gallon Monday, according to AAA's daily fuel gauge report.
Earlier this year, the DOE unveiled the eGallon, a tool consumers can use to compare the cost of fueling a vehicle with electricity to the cost of fueling one with conventional gasoline. Rates vary by region because of the different prices utility companies charge, but the national average price for an e-gallon is $1.18.
"Consumers have a visceral connection to the price of gasoline," Davis said. "They are very sensitive and highly aware of it. Yet there was no similar metric that could help them appreciate the difference with an electric vehicle, and the eGallon does help consumers who are interested, because in the decision process they have that comparative tool."
http://autos.aol.com/article/electric-car-sales-doubled/
Chicago ranks 12th friendliest to plug-in cars
Oct. 31, 2013, 12:34 p.m.
By Robert Duffer, Chicago Tribune
In a state whose political intentions are known for a greenness not of the environmental kind (Senate seat bidding, anyone?), Illinois ranks 12th in the number of electric vehicles per capita, according to a recent infographic by Charge Point, the nation’s largest electric vehicle charging network.
In 2012, Governor Pat Quinn wanted Illinois to host the largest network of fast-charging stations in the country. The announcement echoed Chicago Mayor Rahm Emanuel’s pronouncement for Chicago to become the greenest city in the world. There’s always the river on St. Patrick’s Day.
In typical Illinois fashion, the company charged with installing the ambitious fast-charging infrastructure, 350Green, went belly up and is now under investigation for fraud.
What would have made Illinois early boosters of the electric vehicle industry now puts us in the middle, firmly ensconced in our second-city, third-coast inferiority complex.
JNS Power & Control Systems, an Arlington Heights-based company that had been initially contracted by 350Green to install the chargers, has won a court order to finish installing the 280 Level 2 chargers and the 73 fast-charging stations.
The vast majority of plug-in vehicle owners do their charging at home with a Level 1 or Level 2 AC charger. A fast-charger, or DC charger, can recharge a plug-in to 80 percent in 20 minutes. (For more on the differences in charge types and protocols, go here.)
Wherever we’re at in the rankings, Illinois’ commitment to plug-in vehicles is a good sign because the industry is only going to grow.
“We are no longer debating if EVs have a future,” says Charge Point CEO Pasquale Romano, “But instead are witnessing cities across America compete to be the most EV friendly.”
Charge Point estimates that Chicagoland has just under 2,000 registered plug-in cars and 440 public and private stations. The California-based company accounts for about 65 percent of the public chargers, some of which are free and others have a fee that can range from $2.95 to $9.95 for a full charge. Many businesses, including the parking garage at the Radisson Aqua hotel, will offer free charging as an inducement to park there.
Florida-based Car Charging Group, which just bought up Ecotality’s Blink network from bankruptcy, is the other major player in commercial and residential charging stations.
It is believed that a proliferation of charging stations will lead to mass adoption of plug-in vehicles. The revolution will be electrified. Chicago is on the map.
rduffer@tribune.com
Twitter @ChiTribuneAuto
nice mover overall big potential here
waiting for an entry point
AEM BOOM!
AEM going back up! BOOM!!
might be time to jump in for a starter position
Blink Acquisition per the 8k
CCGI paid nothing for the acquisition from their own pocket except to add more shares by increasing the OS
Pursuant to the court-approved bid, the Company agreed to acquire the Seller’s assets for approximately $3,335,000 to be delivered at closing,
and payment of certain liabilities of the Sellers under certain assumed contracts. wonder what the "certain liabilities" are as they dont state them
The Company paid the cash purchase price for the Acquisition with the funds acquired pursuant to the Securities Purchase Agreement described
below.
On October 11, 2013, in connection with the Acquisition, the Company entered into a Securities Purchase Agreement (the “Securities Purchase
Agreement”) with Eventide Gilead Fund (the “Purchaser”) for an aggregate of $5,000,000 (the “Aggregate Subscription Amount”). Pursuant to
the Securities Purchase Agreement, the Company issued the following to the Purchaser: (i) 7,142,857 shares (the “Shares”) of the Company’s
common stock, par value $0.001, valued at $0.70 per share (the “Common Stock”); and (ii) warrants (the “Warrants”) to purchase an aggregate
of 7,142,857 shares of Common Stock (the “Warrant Shares”) for an exercise price of $1.00 per share.
Eventide Gilead Fund has the potential to dump 14,285,714 shares into the market anywhere above $0.70
Coal Silver and Gold only way to go
Car Charging Groups website only shows that they have (160) level 2 locations across the ENTIRE US. Where's the rest of the 1100+ chargers they claim they own???
California (41)
Florida (41)
Massachusetts (21)
Maryland (13)
New York (13)
Ohio (11)
Texas (6)
Connecticut (3)
Georgia (2)
Minnesota (2)
Pennsylvania (2)
Virginia (2)
Illinois (1)
Washington (1)
Wisconsin (1)
1,154 units where? Their website only shows (125) locations with only (160) level 2 chargers across the ENTIRE United States. Look at their Car Charging Locations Map on the website
Look out below! All bag holders here now seems stock is getting back to reality cant sell unless you leave with a loss
love freebies!
been flipping this one lots of money to be made
talk about major dilution triple zeros coming for sure then reverse split
looks like pennies are coming closed below support glad I didnt listen to this pump and dump stock
Chicago Tribune News!
Federal judge orders change of ownership for Chicago-area charging stations
CEO of Arlington Heights-based company says hurdles remain before system will be operational
By Julie Wernau, Chicago Tribune reporter
7:55 p.m. CDT, September 25, 2013
Electric-vehicle owners in the Chicago area may get to start using a long-stalled car-charging network by early next year, the network's new owner said Wednesday.
A federal judge Tuesday ordered that the charging stations be turned over to Arlington Heights-based JNS Power and Control Systems Inc., an electric contractor that had been locked in a battle for control of the network with a Miami Beach, Fla., company. JNS installed about 40 percent of the stations.
Michael Farkas, chief executive of Car Charging Group, which had been vying for the network, said in an email that he intends to appeal the ruling.
The network's previous owner, 350Green, had hatched deals with Car Charging Group and JNS to take over the charging stations this spring. That spawned legal maneuvering by JNS and Car Charging Group against one another in federal court in Chicago.
Since then, the judge had been trying to sort out who owned the Chicago project. The judge determined that the deal with Car Charging Group had expired and that 350Green was free to enter into the agreement with JNS.
Said Peter Scales, spokesman for the Chicago Department of Transportation: "We are pleased that this dispute has been resolved, and are looking forward to continuing to build a strong vehicle-charging network throughout the region."
Brian Howe, chief executive of JNS, was pleased with the court's ruling but said he has other hurdles to contend with before he can get the charging stations operational.
Howe said 350Green had turned over leases, passwords, revenue-sharing agreements and other crucial information to Car Charging Group. Now, JNS has to begin the process of trying to get that information.
Howe also said he needs to renegotiate agreements with dozens of contractors. At the time Chicago's network went into default, 350Green owed contractors, including JNS, about $4 million.
Howe said he envisions that a network would work like Chicago's recently installed Divvy bike-sharing system. Consumers, he said, would have the option of paid subscriptions or paying one-time user fees.
"It's going to be accessible to the people who join our network. And people who aren't on it will be able to pay an hourly rate," Howe said.
350Green had received $1.9 million in federal and state grants to build the network. But in April 2012, Chicago terminated the grant agreement because of allegations the company had submitted a check showing it had paid contractors when it hadn't. Tim Mason, chief executive of 350Green, blamed the incident on an accounting mix-up.
The FBI searched 350Green's Los Angeles offices in July 2012, looking for evidence of wire fraud, according to a copy of the search warrant that is part of the record in the Chicago case. The Tribune has reported that the city of Chicago, which provided oversight of the grant money, can't account for $798,000 that was paid out.
So far, 168 charging stations have been installed; many don't work or can't be accessed. An additional 51 stations are to be built. The situation with the network, which was supposed to be operational two years ago, has frustrated owners of electric cars.
"This system is essentially crippled," said Paul Fine, a Chicagoan who wants to buy an electric vehicle but said his attempts to try quick-charge stations have failed. Because ownership of the network was in limbo, Fine said, he couldn't purchase a card to access them.
"I'd really like to drive to Six Flags, which is not that far away," said Nissan Leaf driver Brian McKee. "There's a quick charger on the tollway on each side. But I have no way to verify if either of them are up."
Tim Healey, a senior writer at auto website Web2Carz.com, said last month he was test driving a Nissan Leaf electric car when the battery ran down to nearly a zero charge because one charging station he visited was out of service and another couldn't be accessed. He said he was on his way to the Arlington racetrack but instead wound up stranded nearly 9 1/2 miles away.
"The charging stations should have worked," he said.
Politicians and others were hoping for consumer buy-in to showcase Illinois as a leader in the adoption of electric vehicles.
"Like anything, there's bumps along the way, but we're pushing forward," said Amy Francetic, executive director at Clean Energy Trust, a member of the Illinois Electric Vehicle Coalition.
jwernau@tribune.com
http://www.chicagotribune.com/business/ct-biz-0926-charging-ruling--20130926,0,7873451.story
Court order brings hope for Chicago car charging stations
By Julie Wernau
Tribune reporter
12:04 p.m. CDT, September 25, 2013
Electric vehicle owners in the Chicago area may finally get to start using a car-charging network that has been stalled for two years.
A federal judge on Tuesday ordered that the charging stations be turned over to Arlington Heights-based JNS Power, an electric contractor that had been locked in battle for control of the network with a Miami Beach company. JNS has installed about 40 percent of the stations.
Michael Farkas, chief executive of Car Charging Group, of Miami Beach, which had been vying for the network, said in an email that he intends to appeal.
The stations' previous owners – 350Green – hatched deals with both companies to take over the charging stations this spring and a judge has been trying to work out who owns them since.
Chicago terminated its grant agreement with 350Green last April over allegations that the company had submitted evidence that it had paid contractors it hadn't. The FBI executed a search warrant at the company's Los Angeles offices last July on suspicion of fraud, according to court records, which show the company owes nearly $4 million in unpaid bills. All told, 168 chargers were installed and 51 remained to be installed, according to the court ruling.
Clarity over who owns the charging stations would spell relief for the area's electric vehicle drivers, who have taken to online message boards and blogs to warn other drivers of fast charging stations that are non-functional or inaccessible. The posts include months of emails to various companies asking how to access the stations.
The charging stations, installed under a $1.9 million federal grant two years ago, have been abandoned while the two companies battle over which firm rightfully owns the devices: Some work, some don't, others are inaccessible to new drivers or have been turned off under the burden of contractor liens.
"This system is essentially crippled," said Paul Fine, a Chicagoan who wants to buy an electric vehicle but said his attempts to try the area's much ballyhooed quick-charge stations have failed because no one knows who owns the charging stations and he can’t purchase a card to access them.
"I'd really like to drive to Six Flags, which is not that far away," said Nissan Leaf driver Brain McKee. "There’s a quick charger on the tollway on each side. But I have no way to verify if either of them are up."
For its part, JNS said it plans to get started as soon as possible in moving the project forward.
"Our client is obviously satisfied with the court's decision and the expedited nature by which the court rendered its decision. JNS is looking forward to getting this federally funded city project back on track to provide an efficient network of car charging stations to the entire Chicago metropolitan area," said Kelly McCloskey Cherf of Hogan Marren Ltd. and Colleen Loftus of Loftus & Loftus Ltd, attorneys for JNS in the case.
http://www.chicagotribune.com/business/breaking/chi-chicago-car-charging-stations-20130925,0,6576611.story
nice day been buying lately
great day to be in silver!
still in with freebies
still waiting for 10 million shares at .001 what's taking so long
me too!
Agree 100% silver is the way to go... got in at the lows about nine weeks ago
nice run up from the $30 area still in as long as we go up
still here just waiting on the next leg up
Update on JNS Power website
http://www.jnspower.com/
A Few Facts About Uplisting
See link below
http://www.kcsa.com/kcsa_blog.php?p=539
There are quite a few uplisting requirments that they dont have for either exchange.
Nice 150% move on this stock
NET LOSS of $2,223,061 for 1st quarter of 2013 OUCH!!!
Only $15,575 in revenues but they pay themselves $1,018,053 in compensation what a joke!
September 3, 2009 (Inception) to March 31, 2013
Net Income (LOSS) $21,163,488
Below info from 10-Q
For the Three Months Ended March 31, 2013
TOTAL REVENUE 15,575
Operating expenses
Compensation 1,018,053
Other operating expenses 132,850
General and administrative 860,525
TOTAL OPERATING EXPENSES 2,011,428
Net Income (loss) (2,223,061)
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9307895
only bagholders here
looks like the 50 & 200 are both still going down just like the overall direction of the stock
Bad news from OTC Markets, market value is a joke, they are NOT transparent
DBMM Security Details
Share Structure
Market Value1 $225,000 a/o Apr 10, 2013
Shares Outstanding 7,500,000 a/o Feb 05, 2013
Float Not Available
Authorized Shares Not Available Par Value 0.001
http://www.otcmarkets.com/stock/DBMM/company-info
Looks to me deal is imminent
Mason said JNS Holdings Corp., an electrical contractor in Arlington Heights that has worked extensively on the charging station installations, is expected to take over 350Green's role. A deal is being worked out between 350Green and JNS that would pay contractors about 50 cents on the dollar they are owed, according to contractors who have received a draft agreement from JNS.
Brian Howe, chief executive of JNS, said: "We are going to pay everybody what we need to get whole and move forward."
Electric car charging station project in limbo
By Julie Wernau, Chicago Tribune reporter
April 11, 2013
Three years ago, a Los Angeles firm named 350Green was picked to build a large network of charging stations for electric vehicles in the Chicago area. Other contracts soon followed in Ohio, Pennsylvania, Utah, California and Kansas.
The project, which put Chicago on the map as an early adopter of electric car technology, is now in limbo, with 350Green soon to be replaced by another company amid evidence of unpaid bills and accounting issues. Several hundred charging stations were supposed to have been installed by 350Green before the end of 2011, but work stopped some time ago, the company said. Projects by the company in 19 other markets also have been halted.
Two Chicago-area contractors working on the project, and others with direct knowledge of the situation, told the Tribune the FBI has been examining the 350Green project. The status of the investigation isn't clear. The FBI declined to comment.
Hundreds of pages of documents obtained by the Tribune under the Freedom of Information Act show that 350Green submitted copies of checks to the city in order to receive state and federal grant money.
The checks show contractors were paid. But three contractors contacted by the Tribune said they hadn't received those checks and had been paid only a portion of what they were owed overall. In the hope of getting reimbursed, some have filed liens against retailers that agreed to host charging stations.
Tim Mason, 350Green's president and co-founder, acknowledged Wednesday there were "clerical errors that took place. Those people involved there who were doing the invoicing and billing are not with the company anymore," he said, declining to identify the former employees.
Asked about FBI interest in 350Green, Mason acknowledged being contacted by investigators, but he would not identify the agency involved.
Peter Scales, a spokesman for the Chicago Department of Transportation, said in a statement that the department "discovered discrepancies in vendor payments after contracting with 350Green to install, own and operate electric vehicle charging stations in Chicago. We immediately notified the City's Inspector General and the appropriate authorities and are cooperating fully with those agencies and their investigations."
City officials declined to comment further.
Mason said JNS Holdings Corp., an electrical contractor in Arlington Heights that has worked extensively on the charging station installations, is expected to take over 350Green's role. A deal is being worked out between 350Green and JNS that would pay contractors about 50 cents on the dollar they are owed, according to contractors who have received a draft agreement from JNS.
Brian Howe, chief executive of JNS, said: "We are going to pay everybody what we need to get whole and move forward."
The city of Chicago has no money in the project. It acted as the administrator of about $2 million in state and federal grants awarded to 350Green. In this role, the city parceled out that money after 350Green submitted copies of checks that showed it had paid contractors. Less than $200,000 in grant money remains, according to city documents.
A copy of one of the largest checks submitted to the city, for about $1.9 million, was crucial to 350Green getting access to half its grant money, or about $900,000. That check, a Tribune review found, was written to a company affiliated with 350Green co-founder and Chief Executive Mariana Gerzanych.
Gerzanych didn't return phone calls Wednesday.
The $1.9 million check was written to a company called Actium Power, which described itself on its invoice as the "exclusive North American dealer" for Efacec USA, maker of fast-charging stations. An Efacec executive, Mike Anderson, told the Tribune that Efacec has no exclusive dealers and has had no dealings with Actium Power. The prices listed on paperwork provided to the city by 350Green were about double what Efacec charges, Anderson said.
The Web domain for Actium Power is registered under Gerzanych's name. Gerzanych tweeted in September 2011 that she created a new company by that name.
In April 2012, the city issued 350Green a "notice not to proceed" order on the project when it learned from contractors that 350Green wasn't paying its bills and, two months later, it issued a notice of default.
About 169 of the 280 charging stations 350Green promised to have in place by the end of 2011 have been installed. Most of those are operational, but in some cases retailers on whose properties the charging stations are located have switched off power. In other instances, according to contractors, the charging stations are not working because of technical problems.
For 350Green, the Chicago project helped launch the company and Chicago as a charging station leader. The project called for more places to charge an electric vehicle in 30 minutes than anywhere else in the country. Ford and Nissan moved up the rollout of their electric cars to the Chicago market because of the 350Green project.
The capitalization of 350Green hinged on government grants, although it promised to raise an additional $6.8 million from private sources. Mason said the expiration of the Alternative Fuel Vehicle Refueling Property tax credit at the end of 2011 sunk the project's financing. Mason said the company counted on the tax credit for about 50 percent of the project's funding. The tax credit was extended in 2013, at which point, Mason said, it was too late.
"Who would have thought the tax credit for this would go away right at the time these cars were going to come onto the market?" he said.
350Green's business model called for consumers to pay $50 to $60 per month for charges.
"You can't live on government subsidies," Gerzanych said in 2011. "And building a business model that depends on government subsidies will never work. And when government subsidies go away, your business goes away."
Brian Haug, director of energy solutions at Continental Electrical Construction Co. in Oak Brook, filed liens against several property owners, according to county records, after not getting paid in full by 350Green. While copies of checks submitted to Chicago by 350Green show Continental was paid $219,000, Haug said the company received only $122,181.
"That's a $97,000 difference," Haug said. "We're a 100-year-old family-owned business. That's not chump change."
After hearing "next week, next week, next week," that it would be paid, Haug said, the company was contacted by FBI investigators. Haug said that's when it lost hope 350Green would pay.
Jodi Wise, administrative assistant at RJ Underground, which did drilling work on the project and whose offices are in Kenosha, Wis., said the company never received a $28,700 check, although paperwork provided to the city shows it was paid in April 2012 by 350Green.
RJ Underground is owed $90,000, Wise said, and she expects JNS to reimburse the company about half that amount if it takes over the project.
"It will definitely be a big impact on the company. But we're a very smart, strong company," Wise said.
On Wednesday, Brian Brockman, a spokesman for Nissan North America, said the company still believes Chicago is a great market.
"We look forward to working in ways that make sense as an automaker to speed the rollout of charging infrastructure and to help serve the needs of Nissan Leaf owners," he said.
JNSH - How do you figure? 1st quarter 2013 they made 28% net profit or $61,442.88, gross profit was 60%
still in from $0.83 FREEBIES!
OTCMarkets STOP SIGN Pink No Information Tier
Lost status now down to no "NO information" bad for stock and price
http://www.otcmarkets.com/stock/drwn/quote