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Ditto! =^)
Clearly you didn't read the pumping posts by 9600. The wildly exaggerated claims of deals and revenue are everywhere, but the pps says it all, doesn't it?
As for fraud, Perle has already been nailed for that years ago and this company has never, ever made a dime for shareholders. It never will but feel free to buy more.
As for shorting this stock, please... Post the name of any brokerage that will let you do that. C'mon, Stevie Wonder could see that this thing is in the toilet.
You are correct, but I see nothing that hints that SPBU has a lock on Turkcell or will ever make a dime.
As for apologizing to 9600 (and his/her multiple aliases), for what? That poster has posted more misinformation than the Hitler/Goebbels propaganda machine. Examples are here. Fortunately, those inclined to believe that garbage have little $$$ to invest and probably weren't ruined. 9600 is probably Perle and lost nothing, which is a shame.
Good improvement. It doesn't say Spare since Spare could be out of business by Christmas.
It does say -- "All active 2 GB accounts will remain free for the life of the account" which means whoever handles those accounts is not making money; they're losing money. Oops! No big revenue there...
Again, reading comprehension, please. "Targeting" is CEO PR speak which means, "Gee, sure wish we could cut a deal in that ___________ market." and we're supposed to be stupid enough to read, " We cut a deal in that ___________ market."
Same stuff, different day with Telefonica, Orange, yada yada. All intended to deceive gullible people who will argue that the launches are imminent when the stock is at .0001 and the IRS seizes the company.
Please, back the truck up. Average down.
A blast from the past re: Turkcell...
Trying one more time... "includes Turkey" does not necessarily mean <typing slowly here> T U R K C E L L!!! Thanksgiving includes turkey but that doesn't mean that SPBU has a contract with Turkcell.
Typical of stuff posted by SPBU pumpers, the information was intended to deceive poor readers.
BTW, LSG does have a deal with Migros in Turkey and that is posted on their site.
But here is good news for longs. Weeeeee!
More bum info...
Post any PR that says SPBU has a contract with Turkcell 9600 (and his multiple usernames) was deliberately posting misleading information and was corrected months ago.
Do the rude comments make you seem smarter? let's just hope you're a long so you can cash in on this when all those launches hit...
What Turkey numbers? Reading comprehension can be learned at any age but the 60 million number refers to all subscribers in Turkey. There is no reference to Turkcell and SPBU.
You have been right on the money from day one. 9600sf aka buylowsellhigh aka Bullrush10 aka Joenatural aka straightuptown aka (several others I can't recall) have been spamming multiple boards with the same old misleading information for months.
I know I'm not telling you anything you don't already know and I hope the decent people didn't lose much with this POS stock. As for pumpers, it would be nice if they lost their shirts. Every time the pps sags, they have to buy a little more to try and resurrect it. I'm lovin' it. =^)
Pumpers with multiple usernames (you) have been serving up the Turkcell nonsense for 6 months on multiple forums and nobody is believing it.
For starters there are not 60+ million customers in Turkey; that's the total of multiple countries were Turkcell operates and Spare isn't in there. The silliness about 25 - 30 (whatever)% signing up for the insurance in a poorer nations like Turkey is also fiction.
But let's say that your spurious claims about Turkcell were true; that is still nowhere near enough revenue to drag SPBU out of the deep hole that the moron Perle has dug. This company has millions in unpaid debt and taxes owed to the IRS and state of California. Read the darned filings.
But by all means, buy more stock and lighten someone else's load. You will be the only person buying.
I seriously doubt that "non-retail" takes the time to dig in the bowels of every ticker appearing on their monitors. EGOC or any other stock's legitimacy or fraudulence makes no difference to them and they'll get their money regardless.
And your point pertaining to EGOC is???
Never said I was a bad guy but we can be anything we want on the internet. I'm actually a highly skilled penny daytrader without a margin account. ;^)
If RTB says $300K per quarter for M/L, who am I to doubt him? Multiplying that times the number of quarters in an average year (3-5? 6?) means about $1.2MM so $1 - 2.5MM would sure be right in the Manta ballpark. I think Manta gets there $$$ from D & B but feel free to correct me.
Now is RTB flawed? Where did that 1/5 come from. Has anyone seen M/L's books? Are they hidden on Middle Eastern transit buses? Trivia: they'd be safe there since Muslims can't wipe with paper.
I just checked the Level II on several other "lackluster" (being polite here) sub-pennies just like EGOC and MAXM was there. Someone is really trying hard to grab a whole $2K worth of EGOC, probably smart money.
I suspect big news is coming our way. Weeeeeeeeeeeeeeee!
I think you've forgotten that CA has the most stringent emission laws in the nation, manufacturers now build to those standards and have for years. If it passes CA, it passes EPA.
Quote:
Since model year 2007, everything coming from the factory meets all emission standards and gets much better fuel mileage than the old junk.
I think you have forgotten that many states changed their emissions standards this year... .not to mention that construction companies in many areas around the US and the world are now limited to how many hours a day they can run their equipment because of the emissions they put out.
The available devices function well and have almost zero negative impact on fuel mileage.
The only things I've found on the web are a few consumer groups that did tests on the types of units that are a build it yourself and buy it on ebay. The same can be said for Electric Superchargers for cars that are no more than bilge pumps pushing maybe one psi.
EGOC is not building "install it yourself" kits.
The problem is that the "research studies" that is out there has been done on GASOLINE engines. Not Diesel.
To date, Hydrogen fuel enhancement products have not been specifically addressed by the United States Environmental Protection Agency, as no research devices or commercial products have reports available as per the "Motor Vehicle Aftermarket Retrofit Device Evaluation Program."... in other words, they've never researched it.
Here's a few sources for additional research for those that actually want to check it out. Notice all the "gas" and "car" I've underlined. Diesel is a whole different ball game.
Really? Those trucks become a fact when we know how many there are and how much revenue they generate.
M/L was in BK about two short years ago and the filing hints at a piddly company. Manta says revenue of about $1 - 2.5 million. I doubt that they suddenly grew a massive fleet overnight and RTB says their revenue is only about $300k per quarter not long ago.
Fact: EGOC has nothing on the market. FACT: EPA/CARB approval mandatory before they can sell anything. FACT: Approval take time and EGOC has done nothing. FACT: The approved devices are on the market for years and trusted by truckers. FACT: The CARB deadline for compliance of MY 2005-2006 trucks (ancient by OTR truck standards, BTW) is 1/1/2014 or about 14 months away. FACT: Older OTR trucks that don't run CA don't need anything in the way of retrofit. FACT: Retrofits already performed on trucks older than MY 2005 were hardly anything to write home about. FACT: EGOC can manufacture/market nothing in time to compete with established competitors.
Opinion: EGOC will go to the moon on the sheer force if RTB's charisma but no earnings. Opinion: EGOC will go to .0001 in a month or two when longs tire of propping up the PPS.
Behind closed doors is meaningless unless a company can bring products/services to market and turn a profit. Even new investors seem to realize that about this stock and are shunning it.
What you did was basic DD and I'm surprised that nobody else actually checked with a diesel tech to ask if EGOC's bogus "technology" worked.
In addition to reinventing the square wheel with hydrogen on demand, they profess to offer DPF/NOx filtering devices to replace those that have been on the market for several years. The available devices function well and have almost zero negative impact on fuel mileage. Good luck with that plan, EGOC...
While EGOC dawdled and sold stock, the clock ran out. Since model year 2007, everything coming from the factory meets all emission standards and gets much better fuel mileage than the old junk.
Sure they can ignore it if they are making more profit selling crap.
Don't think I've screamed "scam" but only posted things as prudent investor would be concerned about EGOC. I haven't seen "ample proof" posted by anyone and if you have, please comment/elevate it. In fact, no long every posts anything besides the fiction from RTB.
A quote for RTB or a PR from someone trying to sell stock certainly isn't amp[le. Truth is, no on seems to know anything about this company but this thing tells us that there is plenty to worry about. No products + no revenue + plenty of debt = bad news.
E1 is also a truck leasing company now. Read the most recent PR. I'm also in the automotive aftermarket parts business and you wouldn't believe the amount of technology that automotive and trucking manufacturers should be putting on from the factory, but don't. Technology that not only gives more power and performance, but a lot more gas mileage. Agreed the technology has been tried before, but the real question is in what concentration of hydrogen were they using. Low quantity offers little or no results... just like octane, more is better.
Um, yes, that was the plan wasn't it. Leasing refurbished old trucks retrofitted with EGOC devices. Problem is, the devices aren't approved for installation. That leaves EGOC with a used truck lot competing with zillions of others including this oneright next door. There nothing here to indicate that M/L will generate enough revenue to even repay the toxic debt. $300K per quarter sure won't get the job done...
There is "technology" and then there is approved technology that reduces emissions and increases mileage. The proof is in the pudding, or should we say EPA/CARB certified dyno lab. Please post anything that suggests that there is approved technology ignored by the major manufacturers. Chimpanzees can make/market widgets that promise more power/mileage and they usually tweak engines from their EPA approved settings to do it.
But there is no way will multi-billion dollar manufacturers ignore the "technology" advertised in Hot Rod magazine if they worked. A mere 10% improvement (far less than EGOC claims) in their engine's power/mileage would vault them ahead of the competition and that isn't happening.
It has never worked and the fact that they claim improvements via "fast burn" in both diesel and gasoline engines should be the clue that they are a fraud. Gasoline engines need higher octane fuels with additives to slow the burn and prevent knocking unless they like holes in their pistons. Diesel is rated by cetane and higher numbers indicate a faster burn. The idea that hydrogen in any quantity "speeds the burn for more complete combustion" is nonsense for the simple reason that there isn't unburnt diesel coming out the exhaust in any meaningful quantities. There are a finite amount of heat energy (BTUs) from a given quantity of gasoline and diesel and hydrogen adds next to nothing.
BTW, these things aren't only old news, but they are everywhere if suckers want to buy them. This website is one of many examples and please note the disclaimer at the bottom about (Not for use on CA hyways, not approved by CARB or EPA). Oops! Can't user them even if they did work.
Investors need to ask themselves if they've installed a hydrogen generator on their cars? Why not?
Funny stuff, gang. Longs are howling for 'proof' that EGOC isn't a scam, but I think that proof might be the total absence of hints that the company intends to do anything besides sell stock. I can't find any proof besides the words of the CEO, bogus PRs and the posts from the pumpers. Where money is involved, I think it is better to err on the side of caution but no one demands proof that this company will ever make a dime. That doesn't make sense.
F'rinstance, where's the proof :
That the company even has a product or service to sell? I know, devices exist because RTB told me so.
How do we know that the devices actually perform? Well, RTB told us they do on the company website.
The devices were being tested months ago on the mysterious Middle Eastern bus fleet with 14,000 -17,000 buses in an unknown country but is that a fact? Which country? Nobody knows! Of course, because RTB told me so.
Audited financials are “due out any day” (for 5 months...) but are they? Of course, because RTB told me so.
The Master Lease acquisition was hailed as a wonderful thing but is it? EGOC has no (repeat NO) approved products to install on the clunkers and will not have them before the CARB deadline (1/1/2014) so it seems EGOC has acquired a little used truck business that can't generate enough revenue (RTB's own numbers, BTW) to make the company profitable. Without approved devices, we're competing with the (larger) used truck lot right next door (see Google maps). Why is that great? I know, because RTB told me so. Are you beginning to see a pattern here?
Fact: Nothing is going to send this stock soaring until they actually generate some revenue and that isn't going to happen anytime soon, If you disagree, please post and tell us how this company is going to get moving before the market evaporates.
Please look at the chart and the financials. Do you see anything to get optimistic about? This company is buried in debt, has the IRS breathing down their neck and even if the fake launches were fact, could never, ever generate enough revenue to climb out of the hole.
Are you saying this is going to $56/share?
Shrewd investing? Someone just bought a whopping $42 worth of EGOC! You read that right... That investment will have to appreciate about 47% in value for the investor to break even. Think that will happen before the next ice age?
Inquiring minds want to know why someone would make such a dumb move. Could the reason be to create the illusion that EGOC's pps is increasing? Let's ask the person who tried to sell 1.5MM shares. How did that work out? The simple truth is that longs can't get rid of this stock without collapsing the pps. Bon appétit...
You catch on way too fast! Glad to see that you were able to make a couple of bucks in the process. Anyone with serious money (???, it's a sub-penny!) is going to lose their butts.
Why? Because they're not wasting a dime to buy SPBU and they could buy the entire company from petty cash if they thought it was a good investment.
SPBU's product came bundled and didn't cost them money. I'm certain they went with low bidder and would drop the bundle (and SPBU) like a used condom if something cheaper came along.
Another reason why: SPBU is run by a stock manipulating criminal who uses the company as his personal ATM. Much talk of big "lauches" and "deals" but the company is in hock up to its neck has never made a dime for the investors. IRS seizure and/or BK is right around the corner and the price reflects that fact.
Easy choice... The Starbucks would have more value unless SPBU stock is printed on soft absorbent paper. Btw, Czarist bonds would be a better investment because you can sell them on eBay.
The difference between the Titanic and Spare Backup? The Titanic had a band and Spare has a greedy little moron at the helm.
"Many buyers???" That's funny no matter who your are. Look at the trades and level II.
Don't forget...
EGOC's initial line of credit was $600K and that was already used to buy M/L. Oops, no money left for more junky trucks.
And this... Oops, M/L doesn't generate enough revenue to buy one new truck. What is 20% of a $300K gross? Doesn't seem like a lot of money per quarter and maybe that's why Stu went bankrupt in the recent past... Surely not enough to repay TCA.
I'll be back in 5 days to read the reponses. =^)
The "purchase" of M/L may have been "all cash" but the source of $600K of the "cash" was the toxic financing provided by TCA. Guess you didn't read Raymond's words and reference to "the deal" and "this deal" here. According to the terms of the acquisition, E1 utilized its credit facility with TCA Global Credit Master Fund in an all-cash transaction.
Specifically these words,
EGOC had no cash, no earnings and borrowed cash from TCA and private placement suckers to grab M/L. The terms of every TCA toxic credit agreement I've seen online says that the line of credit is collateralized by everything that EGOC has and TCA loan is senior secured debt I believe. Since EGOC had no earnings and M/L has pathetic revenue, I suspect that EGOC won't be able to repay the line of credit and they'll repay with more shares for TCA to dump. Is RB lying now about shares? Maybe not now but he said nothing about not issuing a slew of them when TCA (aka Big Vinnie) requests repayment in the future. That will trigger the death spiral.
The winners: TCA, Raymond & Stu's crowd.
The losers: EGOC shareholders who might end up owning a Facebook page and a bag.
Raymond Brown could man up and post the credit agreement to help shareholders understand the conditions (other companies do), but I'm betting he won't. You have to ask yourself what EGOC used for collateral...
Fifteen minutes until close and 2 trades all day. Isn't it about time for that $3.50 trade?
Go EGOC!~
If we're rebutting with facts, why not begin with a fact.
They can sell without approved devices just not on a large scale. They will soon get verified when they have enough trucks on the road.
You need to remember they make money off the fuel savings of the truck and not the work the trucker does. I am fairly familiar with what trucks net.
There are plenty of stock that move without revenue and financials because they dont have so much negativity around them .
I keep coming back to that. He sure is setting himself up for major litigation. He has so many documented statements, PR's, etc that I cant help but believe could easily be used in a class action law suit.
Bottom line it could ruin his ability to ever conduct business again...
I dont ask for much. An E1-Truck, E1-OOS contract, and a retro-fitted truck.... We are worth .002 easily after that... Gee that should be a no brainer for him. I was under the impression they have been working on this since October....
From there I see it being a much longer term hold .... Even if he announced a contract with the Middle East I would have to see a picture of the advance check of a million dollars or more at this stage of the game.
The 2009 acquisition garbage with Stu H. almost seems like he has pulled this whole ploy once before. You would think between 2009 and now he would have atleast one exhaustek on a truck by now. Am I missing something here?????
Please don't confuse the issue. The idea is to get others to buy this POS EGOC and let some lighten their bag. =^)
EGOC is costly experience for the "experienced trader" and it seems that no one knows how to trade it.
The PRs state a closed deal which isnt fluff to an experienced trader
i]Their is no reason to believe this is a scam .
The PRs also state revenue off the big yellow truck .
Lastly the only reason the PPS wont move is because ihub is important in order to get new buyers on board for stocks at this level . If negativity wasnt so persistent on the board and allowed people to do their own DD rather than read negative opinions . We would be in .003 area imo . now that would be a WOOHOO