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Hmmmmm.....
Could it be because of the delayed audit results?
or
the senior convertible note that gives all of ZAPs assets to the note holder at any time?
or
the re-stated voting and registration rights putting everything in the name of CEVC?
or
the market is tired of PR releases promising and never delivering?
or
Gary Dodd and William Hartman ar cashing out due to the Chinese takeover?
or
Al Yousuf Group realizes that there is little time left to get the remainder of their investment out of this POS?
or
the continued dilution of the shareholders equity?
or
This is being set up as a Chinese RTO?
or
something else??????
Is there a doctor in the house?
Code Blue!!!!!
We need emergency surgery stat to stop the bleeding!! Patient is hemorrhaging..........
Vital signs are weak!
Volume has dried up...
Kinda like watching paint dry.
Rasmussen Report:
27% Likely To Buy An Electric Car in Next 10 Years
"Despite renewed concerns about the price of gas, most Americans still aren’t likely to buy an electric car in the next 10 years."
http://www.rasmussenreports.com/public_content/business/auto_industry/january_2011/27_likely_to_buy_an_electric_car_in_next_10_years
Wouldn't be surprised if the average Chinese citizen feels the same way.
Welll......in ZAPs' case they simply sell their soul to the devil :)
I believe its' a Chinese shell company that is being set up to acquire ZAP Jonway.
I you read further it states:
"......the Note and the Warrant, and (v) the Company and CEVC entered into a Security Agreement that secures the Note with all of the Company’s assets other than those assets specifically excluded from the lien created by the Security Agreement."
If ZAP Jonway defaults on the Note, CEVC will acquire all of ZAP Jonwway assets. Remember, Cathaya (the sole shareholder) alreadys owns all of the patents.
Priscilla is no dummy!
btw- Imho, Steven Schneider most likely will be the CEO of CEVC :)
Imho, the answer might be hidden in this statement from the recent 8-K:
"Prior to this payment, the company, on January 12, 2011 also entered into a Senior Secured Convertible Note and Warrant Purchase Agreement (the “ Agreement ”) with China Electric Vehicle Corporation (“ CEVC ”), a British Virgin Island company whose sole shareholder is Cathaya Capital, L.P."
"
Any thoughts on the new 8-K filing and the creation of the Chinese Electric Vehicle Company (CEVC) with the sole shareholder being Cathaya Capital?
If you want informative and objective information and discussions you have come to the right place.
If you want mindless entertainment and endless propaganda go to the Yahoo messageboard. It's like a reality tv show over there :)
Hi blue!
Welcome aboard. Here is the link to FINRA:
http://regsho.finra.org/FORFshvol20110125.txt
btw- Many thanks to Concord for the info :)
So what is your interpretaion of this continued short selling?
Wonder why they waited 4 days to release the news of the final payment?
How do you define "stock scam"?
I think there are many different kinds of scams being perpetrated on naive investors.
Do you consider a "pump and dump" to be a type of scam?
FYI: Insiders have been granted tremendous amounts of warrants and options. They can short the common while hedging their position using their options and warrants as insurance. This is a common short selling technique and I would consider it to be a type of sham aka scam.
If insiders who are holding restricted stock are using it to sell short their own company......that is illegal!
ZAP has awarded alot of common shares to insiders and employees under the Regulation S exemption.
Check the SEC filings.
So does that mean that at this time you are no longer holding any ZAP stock? I can't believe it!
Buying Opportunity or stock scam?
Tom:
You are absolutely correct, however there is a reason that they aren't recorded until after the close.
Click on "Help" and research types of transactions and you will see the reason :)
I noticed the "form t" buy of 55,347 shares. This could easily be an insider trade.
Is there a way to differentiate between an insider buy/sell and a short squeeze? Or could they be the same thing?
Personally, I believe that insiders are manipulating this stock to their advantage before the announcement of the aborted acquisition.
Call me a skeptic if you want................
Thank you for that information. Here is another informative site that I recently found:
http://shortsqueeze.com/?symbol=zaap&submit=Short+Quote%99
They provide some info for free and more detailed info if you subscribe.
btw- Isn't it possible for insiders to short their own company?
Could you please provide a link to your short selling info?
Agreed! However, since insiders own more that 71% of this company, they are definitely manipulating this stock on no news to their advantage. Cathay Capital aka Priscilla Lu et.al have more that quadrupled their initial investment.
This is a great momo stock but don't take your eyes off the prize :)
I totally disagree...........
Why do you automatically assume that it is short selling and not insiders who are dumping at these over infalted share prices???
Could it be Al Yousuf or Cathaya Capital?
There has also been alot of form t selling (dumping).....
Any idea who is getting rid of their shares at these high prices?
Do you think it will sustain it this time?
Don't you find the volume interesting on no news of the acquisition? I think management should at least release something explaining the delay.
For ZAP not to release a PR makes me very nervous :)
Just wondering.....With your impressive background and knowledge of the industry, have you ever considered an electric conversion of one of your collectible cars?
It's great to hear from an actual owner of a ZAP vehicle. I'm curious though.....If you just received the vehicle in August 2010 why were you considering selling it?
There also must be more roads in southern new Hamphire with 40mph speed limits than there are in my neighborhood here in Pa.
You know the history of this company as well (if not better) as I do. Don't you find it rather intriguing that the announcement of the departure of Eqbal AlYousuf was announced before the expected Dec 31. final payment date and since then no PR about the audit result and closing of the Jonway acquisition?
Hmmmmmmmmmmmmmmmmmmmm??????????
It was nice w hile it lasted wasn't it?
Any questions???????
UH OH.......Here it comes!!! Notice this is a form t transaction?
Someone is dumping alot!
Have a great weekend everyone! Should be an interesting week ahead :)
The last mention of the merger was on November 18 when ZAP provided an "update" on the Jonway acquisition.
Now that the December 31 deadline has passed for the Jonway audit and the final payment, there is no "update".
What do you think the next 8K will be about?
China’s Development and Policies
of New Energy Auto Industry
http://www.itec.doshisha-u.jp/03_publication/01_workingpaper/2010/10-02.pdf
Lengthy read but well worth it, imo.
Is China's Electric Car a Pipe Dream?
http://www.chinastakes.com/2010/5/is-chinas-electric-car-a-pipe-dream.html
Interesting...................................
Good Point! Why has there been no ZAP update on the 100 Samyang order? It was placed almost a year ago!
So are you thinking of shorting at this price?
Ooops....sorry.
I think the ZAPConcord dealership was in New Hampshire ;)