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Let me get this straight. He pumped up the 110 mpg engine to be at the show. Now no engine and this is not a P&D stock?
I have seen this type of action before. It ended in the stock being delisted.
"Peter's probably halfway to Hole-in-the-Wall already."
I think I know what will happen. Revenge Designs will make the Verde and the Sedan. Revenge Industries will be the name of the installations centers. To compensate Revenge Design SH Pete will issue for x number of Revenge Designs shares one share of Revenge Industries PREFERRED stock that you cannot sell for one year. If the Revenge Industries stock is private you will not be able to buy and sell it on the open market and will not join in the huge after market installation profits. The only money we will make is on the sale of Verdes and Sedans. And we all know Peter can't do both at one time and Revenge Industries is more important. So Revenge Designs will cease.
Whadya think?
That is Peter's new company's name. Keep up with the other posts.
Thanks. For the picture I will wait for the real thing.
I'm saying production facilities will never be incorporated` into the business plan, just another ploy to lure in the unsuspecting, imo.
Exactly my point. The PR is a ploy. But for what? He has no stock left to sell.
So what you are saying is that Peter could buy the engines from Doug or Roush and outsource the building of the cars and engine installations through ROUSH Industries put his Revenge PASS sticker on it and send it out the door? That would make the 150 satellite centers Sales and Service centers. It might just work if there is such a market for $200K cars in this economy.
You forget the main point
Fuel Consumption 13.7 l/100 km = 17 miles per gallon.
Audi has been making cars since before 1924. Plenty of verifiable experience. Peter has never manufactured cars in a factory environment before and has no verifiable experience at making cars or money.
Think about this.
1. The engine won't be available till the second half of 2010(if at all).
2. That leaves 26 weeks * 6 days a week(even if) = 156 manufacturing days.
3. 750 cars /150 days in 6 months = 5 cars a day.
How likley is 5 cars a day from 2 facilities?
Peter is an old dog with old tricks.
Try 2011.
Did not say a working engine. Just an engine on display.
You forgot the model won't have the 110 mpg engine in it yet.
I'll bet anything "late 2010" turns into 2011.
Why is the ask .15?
I won't be surprised if Peter raised the A/S to 5 billion for the show.
So if he does make and sell 75 Verdes it would be .034?
Then 750 X $190K / 2.5 bil = .057
Of course if he made and sold 75 cars we'd be .0057 and I'd be outta here with a free lunch.
With an O/S of 2.2 bil I'd say closer to .06 if he actually sold 750 let alone made them.
I must be mistaken. I thought I read it back in 2007 but I can't find it now.
Peter has bought back shares before this mess. Given improvements in the situation and a lot of cars sold in 2010 could be a lot less.
Because Carnes sold his shares illegally the brokers may be forced to buy back and retire those shares. That is why you can sell and not buy from them. Maybe they sold the most shares for Carnes. Just guessing.
This has been the pattern for two years.
Peter's dump before a PR. He's been doing it for two years to the tune of 2.2 billion shares.
1 tick up 2 ticks down 1 tick up 2 ticks down
A quick 15 mil dumped that is not dilution.
as long as it closes at .002
.01 would be nice too.
Transfer them to a broker who will sell them.
.01 by the Friday after that.
.005 by Friday
BM's a healthy 509
Agreed. "Pete's P&D"
Could it be reverse merge and reverse split in progress?
Link is a bum file.
All i get is a login to yahoo email.
I'm bashing till we reach a penny.