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Snug? "just under 2", see ya @ .0198 sweeeet!
.03-.05
JMMatthews, nice sticky also, much appreciated for trying to give peeps the heads up way early on that the fact that something might be going on. The more dd the better.
LOOKY at Volkswagen, they announced the same day, same name, identical looking vehicle with minor cosmetic changes, all electric they call it the "e.go" EV vehicle, $ETFM calls it the "e-go" but announced basically the same day, collaboration? maybe, maybe not, no idea, looks the same, timing is the same. ......seems like $ETFM isn't the only company that sees the market for this kind of vehicle......
https://electrek.co/2019/03/07/e-go-electric-car-vw-meb-platform/
Yes SIR! ALL DD POINTS TO $ETFM BEING A NON-DILUTIVE REAL DEAL COMPANY ROCKET RIDE. THE DD IS ALL HERE! ITS ALL UP FROM HERE IMO.
$ETFM Beauty 2 day Chart! .007 break coming Monday imo which was Friday's high and 1 year resistance then BOOM CHAKA LAKA imo.... traded 200 million shares on 03/07/2019, the big day of the run up and when the two 8K filings came out, then it held all those gains and ran even higher to almost double the price of the previous huge day on news on 03/08/2019 before closing at even on the trading day with ~250 million shares traded. So all those first day shares were flushed through at higher levels. Beautiful support here imo. AND PROVEN NO DILUTION WHEN YOU LOOK AT OTCMARKETS UPDATE FROM YESTERDAY AFTERNOON's UPDATE, 03/08/2019! UNCHANGED!
OTC Markets Unchanged Share Structure...
https://www.otcmarkets.com/stock/ETFM/security
TRADED ON RECORD SHARE VOLUME!!!!!!!!!!!
$ETFM 1 yr Chart...
https://www.barchart.com/stocks/quotes/ETFM/interactive-chart
another great $ETFM DD Read to sum it all up.
Huola, it's excellent DD, 2 ihub posters here were way ahead of the curve, Mr clean15 and powerbattles. A huge congrats to them and a thanks to them for posting their info and trying to share it with others even though many of us couldn't see what they were seeing. Awesome DD on their part and much appreciated. Just trying to give everyone a place to start their DD here in 5 simple posts that are straight to the point, no BS and are factual. Glad it was helpful.
$ETFM 's PLAN! READ FRIDAY'S PR! "PINK CURRENT COMING ANYDAY! STOP SIGN GOING!" A 10Q COMING IN ABOUT A WEEK! THEN A 10K IN MID-APRIL! THEN READ THE GAME PLAN! MORE FILINGS COMING! OPENING A 4000 square ft showroom in NYC? EV Market! LED! M & A Candidates! READ THE WHOLE THING! THERE IS A TON OF INFORMATION IN THIS PRESS RELEASE.
Pump 'n' dumps don't put out detailed press releases, SEC filings and talk about getting into SEC COMPLIANCE by hiring new auditors and getting it "done quickly" and expanding business lolol
$ETFM Yesterdays NEWS! 2050 Motors Provides Shareholder Update
http://www.globenewswire.com/news-release/2019/03/08/1750630/0/en/2050-Motors-Provides-Shareholder-Update.html
March 08, 2019 09:09 ET | Source: 2050 Motors, Inc.
LAS VEGAS, March 08, 2019 (GLOBE NEWSWIRE) -- 2050 Motors, Inc. (US OTC: ETFM) through the office of CEO Vik Grover released today a shareholder update to provide information to investors on recent developments and planned corporate actions and activity:
Management and Board Changes
Effective March 6, 2019, William Fowler resigned as 2050’s CEO and Director and Bernd Schaefers resigned as Director of the Company. Concurrently with the resignations of Messrs. Fowler and Schaefers, the Company appointed me President, Chief Financial Officer, Secretary and Director. I have over 25 years’ experience on Wall Street as a banker and analyst at technology-focused firms such as Needham & Co. and Thomas Weisel Partners and have previous public company experience in various capacities as a Manager, Director and Consultant.
William Fowler, President of our wholly-owned subsidiary 2050 Motors Private Corporation (TMPC), and his team, by March 15, 2019, will be granted control of TPMC with a goal of allowing TPMC to raise capital from private sources more aligned with the high capital requirements of the electric vehicle (EV) manufacturing business. 2050 Pubco (ETFM) will retain 20% ownership of the subsidiary, which will allow our shareholders to continue to benefit from a planned revitalization of that business. Forces beyond the control of prior management prohibited them from realizing the potential of their early-mover advantage in the EV space. Given recent substantial activity in the EV market, including the IPO of major Chinese manufacturer NIO (NIO/NYSE), the approval of U.S. sales for Chinese manufacturers such as Kandi Technologies (KNDI/NASDAQ)), capital raises by companies based in North America such as Electrameccanica (SOLO/NASDAQ) and Arcimoto (FUV/NASDAQ) , and a shift to 100% online sales of EVs by market leader Tesla (TSLA/NASDAQ), the timing could not be better for TPMC to talk to deep pocketed private investors looking to capitalize on the years of work Mr. Fowler and his team have dedicated to that project and the profound changes in the market for EVs that have occurred. I wish them well and will do everything in my power to help them network with investors and strategic partners in the future. I believe this carve-out was the best outcome for 2050 stakeholders, as it preserves long-term upside and minimizes massive dilution of our shareholder base.
Auditor Change
On February 26, 2019, Farber, Hass, Hurley LLP resigned as the Company’s auditor. There were no disagreements about accounting issues. Effective March 7, 2019, 2050 Motors engaged Boyle CPA, LLC as its new accounting firm. The Company is moving aggressively to bring itself into compliance with SEC reporting requirements with a goal of filing form 10-Q for 3Q18 (ended September 30) within 10 business days from today, and a goal of filing form 10-K for calendar year 2018 (ended December 31) by April 15, 2019. We will likely require a 10-day extension to file the 10-K within the SEC’s required timeframe. These actions will eliminate the STOP SIGN for 2050’s common shares and should result in a more orderly and transparent market for investors. I have worked with Robert Boyle’s office in the past, have spoken to him at length about a timeline and the requirements for 2050’s SEC filings, and have the utmost confidence in his firm’s ability to help 2050 get current quickly.
Game Plan
The time to build an EV business is now. There could not be more activity in the space. Industry pioneers like Elon Musk have broken down barriers that for years precluded companies with guts and vision from succeeding in a carbon dominated world. I believe Mr. Fowler and his team were visionaries who simply were too early and who were stymied by forces abroad that were beyond their control. While they work to recharge TPMC, organically and possibly through new ventures, partnerships and other moves, the new 2050 will pursue other growth opportunities in the EV space and related fields.
We are in the “red zone” with regards to a supply agreement with a manufacturer of electric bikes, based in Canada, that has been in business for almost 20 years with sales locations across the country. We intend to launch showrooms for these vehicles, which include eBikes, eScooters, e3wheelers, eATVs, eRickshaws and even eSnowmobiles, and become a master distributor for this manufacturer in select major markets in the USA. This month, we will sign a partnership in New York City to deploy a 4,000 square foot showroom for the Tri-State Area and are reviewing a high-profile location in Chicago for a similar venue targeting the Midwest. Other major markets across the Eastern Seaboard, the Gulf Shores, and possibly Texas are expected to follow while online sales will allow 2050 to target customers anywhere.
The eBike market is wide open for new entrants. For example, New York recently approved new rules for electric bikes, allowing pedal-assist bicycles that require a rider to pedal to activate an electric motor and to keep the bike moving. Bikes favored by delivery workers, known as throttle-controlled electric bikes, that can travel faster than 20 MPH, remain illegal, a decision that has been mocked by thousands of drivers who purchase and ride such machines throughout the city and state and are rarely ticketed. Uber, after buying Jump for $200 million in 2018, launched eBike ride-sharing in the five boroughs, and others like Lyft, who spent $250 million on Motivate in 2018, are testing eBike deployments in anticipation of rules changes by the New York administration and DOT. I expect the substantial lobbying power of Uber and Lyft, further fueled by demand from eBike riders, to change policy in New York. So, you can see, the timing of our showroom launch in New York could not be better, as it will position 2050 to capitalize on a tidal wave of demand for eBikes in this large, landmark market.
2050’s new strategy can be summed up in three phases. Phase I): Bring 2050 current with SEC filings, launch eBike distribution in major markets in the USA, sell and support machines branded and built by our Canadian manufacturer partner; Phase II): Expand into markets East of the Mississippi and in Texas, test market in international locations, white-label our own branded machines for B2C sales; Phase III): launch vehicle sharing/rental services in our core markets to leverage our footprint and capitalize on eBike awareness throughout the country. For now, we will avoid the West Coast, due to hyper competition and the endless money supplied to ride sharing and related businesses by Silicon Valley and venture backed unicorns.
Separately, 2050 is in discussions with M&A candidates in other high growth energy-related fields including Power over Ethernet (PoE) and Light Emitting Diodes (LEDs). We believe there are substantial growth opportunities in these markets that are a play on the global growth of the Internet of Things (IoT). Without going into too much detail, we plan on targeting the network on the road with EVs. PoE and LED will allow us to target the network in the ceiling and the network in the sky. Stay tuned.
Bottom Line: 2050 is entering a new chapter of growth. We have every belief that William Fowler and his team can revitalize TPMC as a private entity, minority-owned by 2050, and bring electric automobiles as planned years ago to the U.S. market. Funding outside of 2050 will allow TPMC to speak to deep pocketed investors that require their investments to be private, and TPMC will be able to deploy substantial capital without massive dilution to 2050’s public shareholders. The “new” 2050 intends to aggressively enter the EV market with a distribution plan for eBikes, delivered by a manufacturer we have targeted and expect to sign this month. M&A in other technology fields have the potential to provide additional long-term upside. I would like to thank shareholders for their continued interest in the Company and look forward to additional updates soon.
About 2050 Motors, Inc.
2050 Motors, Inc. (http://2050motors.com/about-us.html) is a publicly-traded company founded to develop, produce, distribute and sell the next generation of clean, lightweight, efficient vehicles and their associated technologies. Some of these technologies include alternative renewable fuels, hybrid electric vehicles, advanced graphene lithium batteries and low-cost carbon fiber vehicles. Additionally, the Company is exploring next-generation energy technologies, including Power over Ethernet (Poe), Light Emitting Diodes (LEDs), and other substantial, global, high-growth verticals. The Company has been successful in forming long-term relationships and exclusive contracts for a variety of game-changing technologies.
Disclosure Statement
Statements in this press release about our future expectations, including without limitation, the likelihood that 2050 Motors will be able to meet US DOT requirements, meet minimum sales expectations, be successful and profitable in the US market, bring significant value to 2050 Motors' stockholders, and leverage capital markets to execute its growth strategy, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
CONTACT:
Vik Grover
President
2050 Motors, Inc.
(630) 708-0750
info@2050motors.com
https://www.linkedin.com/in/vikgrover/
$ETFM MUST READ DD post 4 of 4 by stervc....
Member Level Wednesday, 02/06/19 01:42:33 AM
Re: powerbattles post# 3942 1.000
Post # of 7330
powerbattles, here with ETFM & its share Structure...
Your research have been very helpful to help those that are not familiar with ETFM feel more knowledgeable about what's going on. My sentiments are the same as I had indicated below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144830104
The share structure remaining the same is great as this is an SEC filing, fully reporting company that I think will prove to have some major plans in the mix:
Quote:
https://www.otcmarkets.com/stock/ETFM/security
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v/r
Sterling
$ETFM DD MUST READ Post 3 of 4 by stervc....
Member Level Saturday, 03/09/19 01:51:29 AM
Re: Volcano post# 6553 0
Post # of 7328
Volcano, let's discuss this ETFM 8-K a bit further...
Based on the 8-K file by ETFM with the SEC, it was stated that the old management and the Board were immediately tendering their resignations from the Company on March 6, 2019.
Within the very next sentence, it was stated that by no later than March 15, 2019, a majority shareholder in ETFM is going to prepare an Agreement between ETFM and the subsidiary, the Nevada private corporation, 2050 Motors, Inc. (TFPC). It appears that there is a Share Exchange Agreement that's being done to put Jiangsu Aoxin New Energy Automobile Co., Ltd., (Aoxin) into ETFM.
It was stated that ETFM, the public corporation, owns the exclusive license and rights to the Jiangsu Aoxin New Energy Automobile Co., Ltd., (Aoxin) to import, distribute and assemble their automobiles in the USA.
The Share Exchange Agreement that the Nevada private corporation, 2050 Motors, Inc. (TFPC) is going to prepare is going to transfer 80% ownership to the newly current management at the time of March 15, 2019 in exchange for 20% of the Nevada private corporation, 2050 Motors, Inc. (TFPC). As of right now, we don't know who's going to be holding the 80% ownership, but I'm willing to bet that it will be Jiangsu Aoxin New Energy Automobile Co., Ltd., (Aoxin) since they were indicated to be one of the primary parties to be part of the Share Exchange Agreement.
In essence, the end result of the Share Exchange Agreement would have the same effects as if such transaction was an acquisition or a merger. We won't know 100% for sure their plan until around or after March 15, 2019 per the time frame they indicated within the 8-K.
Regardless, even if it is neither a Share Exchange Agreement nor acquisition/merger, then it will be no less than Licensing Agreements coming into ETFM which could actually make things more profitable for ETFM because then they would have zero to very minimal Operational Expenses. Again, ETFM owns the exclusive license and rights to the Jiangsu Aoxin New Energy Automobile Co., Ltd., (Aoxin) to import, distribute and assemble their automobiles in the USA. I think those who are still not getting just how huge this could be, I suggest looking at the video below:
ETFM Video of ETFM Bulletproof Automobiles
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147370911
Either way, I think ETFM has "officially" turned the corner for good.
For those who have not read the 8-K as of yet, here it is again below:
https://ih.advfn.com/stock-market/USOTC/2050-motors-inc-ETFM/stock-news/79425944/current-report-filing-8-k
The reason why I stated that ETFM would have a huge valuation if they were to acquire/merge with Jiangsu Aoxin New Energy Automobile Co., Ltd., (Aoxin) was because I had learned that Jiangsu generates $148,800,660 Revenues and has $200,145,818 Assets as I had identified within the post below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147380058
v/r
Sterling
$ETFM MUST READ DD Post 2 of 4! Notice when this was written! 02/20/2019! Also brilliant! Way before last weeks run! Outstanding DD! by: powerbattles
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146982969
NOTE:"Supressed" images may have to be accessed by going to this original link I provided here above to see them since they don't copy and paste.
Member Level Wednesday, 02/20/19 03:18:58 PM
Re: Castratrix post# 5742 6.000
Post # of 7327
>>>>****$ETFM COULD BE NEXT BIG STOCK YOU'VE BEEN WAITING FOR....
The company manufactured the electric cars ready to sell. They team up with a TOP MANUFACTURED AUTOMOBILE in CHINA to build the plan in USA.
The company announces new president & secure 10 million funding. Currently they finished the development; roll out electric vehicles showing in LAS VEGAS. This is the Most Efficient Production Car Ever Built. Range of 200 Miles or more! 30 Minutes for Half charge! Full Battery Charge, 4 to 8 Hours
This Company is fully audited financials. For now they're late on 10k, the CEO address this matter by issue the news. He stated the financial statements coming and shareholders meeting early this year… ETFM is truly a golden hidden gem in the land of pinky land. TA ungagged and the company update the share count EVERY WEEK. No more dilution. Since OTC 2018 SS remain the same. O/S 655M Float 449M. ETFM has a clean history no massive r/s. Pending to close part ownership in GRAPHANE Company. GRAPHANE “the game-changing material of the future. From my point of view ETFM is screaming buy and super undervalue.
Other posters DD below.
powerbattles, here with ETFM & its share Structure...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146609290
MR CLEANS ULTIMATE DD PACKAGE
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146707172
[Suppressed Image] AUTOMOTIVE TECHNOLOGY FOR 2050 HERE TODAY
2050 Motors was founded to develop and produce the next generation of clean, lightweight, efficient vehicles and their associated technologies. Some of these technologies include alternative renewable fuels, hybrid electric vehicles, advanced graphene lithium batteries and low-cost carbon fiber vehicles.
2050 Motors has entered into an agreement with Jiangsu Aoxin Energy Automobile Co., Ltd., located in Jiangsu, China, for the distribution in the United States of a new electric automobile, known as the e-Go EV (electric vehicle). The e-Go EV is a revolutionary new concept in the ever-evolving world of electric vehicles. It will be the only production line electric car with a carbon fiber body and parts manufactured by a new process using robotic machines which significantly reduces the fabrication time and cost of carbon fiber components. The e-Go EV will seat four passengers; have advanced lithium batteries, and high energy efficiency rating of up to 150+ MPG-E energy equivalent in urban driving due to the light weight of the vehicle. See videos of completion of the e-Go EV manufacturing plant at https://www.youtube.com/watch?v=wih8_xxZNgA
and the unveiling of the e-Go EV at the 2014 Shanghai Auto Show http://www.2050motors.com/shanghaishow.html.
2050 Motor sign the agreement with Jiangsu Aoxin New Energy Automobile Co., Ltd this is a HUGE AUTOMOBILE MANUFACTURED in China.
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https://aoxinauto.en.made-in-china.com/
Pictures of the extensive manufacturing facilities that Aoxin Automobile, 2050 Motors’ manufacturing partner, has completed in Yancheng.
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More photographs are available to be reviewed by click on link below.
http://www.2050motors.com/yancheng.html
Aoxin Electric Car Manufacturing Process & Factory Overview
//www.youtube.com/watch?v=ioNdYcLxKsY
Aoxin EEC approved Box Type Truck
//www.youtube.com/watch?v=I14C-clongs
Aoxin Pickup Truck
//www.youtube.com/watch?v=F13105MlBy8
Jiangsu Aoxin manufacture/factory Hot cars…
https://m.made-in-china.com/company-aoxinauto/
Corporate History
2050 Motors is associated, under exclusive contract through Aoxin Automobile, with international corporations that have already spent many years and tens of millions of dollars in developing the car that 2050 Motors intends to sell. These companies include the Dongfeng Motor Automobile Group, which is one of the largest automobile and truck manufacturers in China; its subsidiary Aoxin Automobile, with which 2050 Motors has an exclusive licensing arrangement for the USA; and an Italian carbon fiber manufacturing company that has proven further dramatic cost reduction of carbon fiber parts manufactured for automobiles. In 2014, Dongfeng Motor sold more than 3.5 million vehicles for the China and foreign export markets.
In 2014, Yancheng Municipal State-Owned Asset Investment Group, Co. Ltd. (YMSIG), an investment and property development company founded by the Yancheng Municipal Government purchased Aoxin Automobile from Dongfeng Motor (http://www.ycinvest.cn/en/about/). YMSIG has made major equity investments in Aoxin Automobile to accelerate the production of the electric e-Go EV.
On January 20, 2015, YMSIG and Aoxin Automobile celebrated the Grand Opening of a groundbreaking 200,000 sq ft (4.5 acre) automobile manufacturing plant for the e-Go EV, which was constructed in only 4 months. The Chinese media stated (translation), "Aoxin carbon fiber new energy car (technology) created three China firsts: China's first 20,000 units (annually) Carbon-Fiber Electric-Car manufacturing plant; China's first electric car aluminum chassis robotic welding production line; China's First High-Temperature, High-Pressure, Vacuum-Assisted Carbon-Fiber molding production line.
The automobile industry dramatically needs to improve the miles per gallon ratio (mileage) because of federal standards set in place for years to come. Experts in the field agree that the automobile industry has made significant advances into increasing the efficiency of automobiles (i.e., aerodynamics, engines, tires, lubricants, etc.). The only way that is now left to substantially increase the efficiency of current vehicles is to make them either smaller or use lightweight carbon fiber to reduce their weight.
2050 Motors Management
2050 Motors management team includes PhD's and industry executives with significant experience in the automobile, energy and business sectors in the United States and the international arena. Their experience includes offers a wide range including the following:
1) The 2050 Motors team includes personnel that set many world's records for electric automobiles between 1992 and 1998; assembled and sold electric vehicles to the US market; and achieved the first crash test of an electric vehicle in the United States in 1994.
2) The 2050 Motors team has provided significant technology transfers from 2050 Motors to its international partner, Aoxin Automobile.
3) The 2050 Motors team has extensive experience in building and producing composite and electric automobiles.
4) The 2050 Motors team understands the electric vehicle and hybrid market in the United States from direct sales experience.
2050 Motors is a fully integrated company ready to accept the most advanced automobile ever built into the United States market and we already have customers ready to purchase the vehicle once it is approved for sales in the US market and passes US safety crash test standards and DOT equipment approved standards. 2050 Motors Management Team has already been successful acquiring United States Environmental Protection Agency's (US EPA) approval and Department of Transportation's (US DOT) approval to import the first three e-Go EV demonstration vehicles into the United States.
In summary, 2050 Motors has extensive business plans, projections, business strategies, marketing programs and complete market profiles to compete with existing automobile companies. However, there are two important market strategies that we would like to review in this Executive Summary.
1) Unlike other electric automobile companies, including Tesla Motors, who required millions or billions as initial capitalization to design and create their cars, to produce prototypes and build automobile manufacturing facilities; 2050 Motors has virtually no liabilities and very minor components of overhead. This is true because all the money for the design of the e-Go EV, as previously stated, was done by other companies. The e-Go EV manufacturing plant in China, which is state-of-the-art, was also funded by our Chinese partners. 2050 Motors is entering the marketplace with a clean financial statement that has no debt service to address to any extent; and, can sell vehicles at a very low cost with significant profits even at low sales volumes. Phase I, which encompasses selling automobiles to the American market totally manufactured in China, is a stand alone project and will produce significant income. For further information please see Phase I Business Plan available upon request.
2) 2050 Motors intends to assemble the e-Go EV in the United States with US labor in the near future. This is very possible because the capital investment to build the state-of-the-art aluminum frame and carbon fiber parts of e-Go EV already exist in China. For this Phase II, of assembly of vehicles in the USA, we do not need in the United States the capital intensive equipment to build the carbon fiber parts; nor do we need to spend significant funds to build a robotic welding line for the space age aluminum frame under the e-Go EV. By concentrating our business on purchasing the parts from our partners in China then 2050 Motors can focus on the high quality simple assembly of the e-Go EV in the USA without expending significant capital reserves for manufacturing equipment. It's also possible to integrate USA made parts and components. The assembly line is relatively simple and straight forward since electric automobiles have fewer parts in them compared to internal combustion vehicles: batteries, electric motor, controller, brakes, and other minor components. Furthermore, the assembly of the vehicle will be under the supervision and management of US Quality Assurance personnel who will ensure that we built an automobile with the quality that is accustomed by US consumer market. Phase II Assembly Business Plan is also available upon request. PHASE II IS A CONSERVATIVE PROJECTION IN SALES AND CAN BE ACCELERATED IN TIME AND PRODUCTION TO MEET CUSTOMER DEMAND.
In conclusion, 2050 Motors enjoys the enormous advantages of being able to assemble the most advanced mass consumer market production automobile in the world. 2050 Motors has the exclusive license to sell, assemble and manufacture the e-Go EV in the United States without having the enormous burden that other automobile companies must carry. We estimate that even limited sales of the e-Go EV can provide good profits for 2050 Motors.
To illustrate this important factor, the Forum for Growth and Innovation, a Harvard Business School Think Tank, published a couple of articles in April and May of 2015 stating, “Why Tesla Won't Be Able To Scale” and “Tesla's Not as Disruptive as You Might Think,” which clearly state that electric automobile companies that have a significant amount of overhead (like Tesla Motors who have concentrated on the ultra luxury automobile market) will find it very difficult to expand their sales into the lower end consumer market where profit margins are much less than what they are accustomed.
Because of its ability to offer the American consumer an advanced low-priced carbon fiber vehicle, 2050 Motors could be considered to offer a true “disruptive technology” to the world.
http://2050motors.com/job-creatio
THE E-GO CARBON FIBER ELECTRIC VEHICLE
The e-Go is the most efficient production electric car ever built with a range of up to 200 miles because of its lightweight carbon fiber body and aluminum alloy frame. Efficiency is comparable to 150 miles per gallon energy equivalent.
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2050 Motors, Inc. announces the arrival of the first e-Go EV car.
Vehicles showcased in Las Vegas with impressive warranties.
//www.youtube.com/watch?v=7fbvOEydC6M
WHY BUY THE E-GO EV?
Most Efficient Production Car Ever Built. Range of 200 Miles or More
30 Minutes for Half Full Battery Charge, 4 to 8 Hours for Full Battery Charge Depending on System
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The crash tests are being conducted according to European, Japanese and Chinese crash test standards. A file of the actual moving sequence of an e-Go car in a frontal crash test at 35 miles per hour in slow motion reveals that the vehicle substantially returned to its original shape after the test.
//www.youtube.com/watch?v=_PVVO0g89nE
//www.youtube.com/watch?v=WeCpds1J9TE
$ETFM 2050 MOTORS'eGO DISPLAY AT THE WILLIAM CARR GALLERY AT TIVOLI VILLAGE.
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THE IBIS CARBON FIBER ELECTRIC LUXURY SEDAN
The luxury Ibis four door sedan is also an efficient production electric car built with high range and high efficiency in mind due to its lightweight carbon fiber body and aluminum alloy frame.
NEWLY ARRIVED IBIS AT PHOTO SHOOT
The new Ibis all-carbon fiber electric sedan arrived in the United States. The Ibis created a great deal of attention from spectators during its media photo shoot in Las Vegas, Nevada.
//www.youtube.com/watch?v=AbsxBXEMdXg
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2050 MOTORS' IBIS COMPARISON WITH THE TESLA MODEL S
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The Ibis body is built totally out of carbon fiber which is five times stronger than steel and one third the weight. The Tesla body is fabricated from punched out aluminum sheeting. Even though the Tesla body is made of aluminum, the Ibis is at least 800 lbs lighter which everyone knows will produce better mileage, especially in urban driving conditions. The next important point is that the Ibis carbon fiber body sits on a high strength extruded aluminum frame not on a sheet metal punched out aluminum frame as the Tesla.
Most Tesla Model S are priced over $100,000 after federal rebates. The Ibis, after federal rebates, will be $59,500. A cost that is significantly different and not something to sneeze at.
Both cars have a variety of gadgetry based on customers' desires. However, the Tesla was the first to demonstrate to the world that an electric car can compete in every aspect with regular gasoline-powered vehicles. We acknowledge Tesla for this accomplishment. However, building an electric car that can accelerate from zero to 60 mph faster than a Ferrari, although impressive, is not what electric cars are all about, they are about the environment. Incidentally, the Ibis acceleration is comparable to most gasoline operated vehicles on the road today. Finally, let's remember that high powered electric motors used to accomplish hair raising acceleration also consume battery energy at phenomenal rates and are as unnecessary as gas powered muscle cars for the general public.
Electric cars are being developed to reduce our dependence on foreign oil and reduce all emissions including the ones causing climate change. We believe the Ibis will capture a portion of the high-end middle market which offers all of the high-tech gadgets at an affordable price and, the e-Go will capture a portion of the lower-end middle market – both due to their carbon fiber bodies and space age aluminum frames which no other manufacturer offers.
2050 Motors Battery Assembly
//www.youtube.com/watch?v=XYMcfpovkP4
Graphene: The Game-Changing Material of the Future
https://www.visualcapitalist.com/graphene-material-future/
Graphene - the new wonder material
https://www.theguardian.com/science/2013/nov/26/graphene-molecule-potential-wonder-material
2050 Motors Signs MOU To Acquire Part Ownership In Graphene Company By J.News
https://www.cnbc.com/2018/02/15/globe-newswire-2050-motors-signs-mou-to-acquire-part-ownership-in-graphene-company.html
https://www.youtube.com/watch?v=1lXCbFHpCmY
Pretty cool video showing the strength of graphene.
//www.youtube.com/watch?v=ea-OKX9cGHk
2050 Motors Announces New President
https://www.marketwatch.com/press-release/2050-motors-announces-new-president-2018-02-13-91843046
2050 Motors Proceeds One Step Closer To The USA Assembly Of The All Carbon Fiber Body Electric Automobile
https://www.marketwatch.com/press-release/2050-motors-proceeds-one-step-closer-to-the-usa-assembly-of-the-all-carbon-fiber-body-electric-automobile-2017-12-15
2050 Motors Decides To Move Forward On Its Electric Vehicle Assembly Plant In The USA
https://globenewswire.com/news-release/2017/09/29/1134928/0/en/2050-Motors-Decides-To-Move-Forward-On-Its-Electric-Vehicle-Assembly-Plant-In-The-USA.html
2050 Motors Secures 10 Million Dollar Equity Purchase Agreement For Auto Assembly Plant
https://www.globenewswire.com/news-release/2016/06/29/852326/0/en/2050-Motors-Secures-10-Million-Dollar-Equity-Purchase-Agreement-For-Auto-Assembly-Plant.html
SHARE STRUCTURE UP DATE ON 1-18-2019
IMPORTANT NOTICED: Shares Held at DTC: Clarification of shares held at DTC. "Those shares are public shares or stocks held by our individual brokers on our behalf. Brokers have their own DTC acct which they update electronically. It states they are part of the float total. The float is almost locked up at this point.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143277244
There are three ways in which a DTC-eligible security can be held:
https://dtcclearning.com/products-and-services/asset-services/issuer-services/how-issuers-work-with-dtcc-faqs/3495-in-what-ways-can-investors-hold-interests-in-a-dtc-eligible-security.html
Authorized Shares 3,000,000,000 - 01/18/2019
Outstanding Shares 655,064,144 - 01/18/2019
Restricted 205,758,278 - 01/18/2019
Unrestricted 449,305,866 - 01/18/2019
Held at DTC 364,036,171 - 01/18/2019
https://www.otcmarkets.com/stock/ETFM/security
CONTACT DETAILS
3420 Bunkerhill Drive
North Las Vegas, NV 89032
http://www.2050motors.com/
(702) 591-6029
info@2050motors.com
[Suppressed Image]
[Suppressed Image]
$ETFM MUST READ DD Post 1 of 4! NOTICE WHEN This was WRITTEN! FEBRUARY 9TH, 2019! WAY BEFORE LAST WEEKS RUN! BRILLIANT Mr clean15!
MR CLEANS ULTIMATE DD PACKAGE
Mr clean15 Member Level Saturday, 02/09/19 05:33:47 AM
Re: None 2.000
Post # of 7327
$$$ETFM$$$
I’ve invested heavily in ETFM, and I would like to take some time to list the reasons why. I will also attempt to better explain what this company is, and where I think it is headed.
1. When researching stocks, the first things I look for are float size and dilution. Let’s start there. If you go to otcmarkets.com and search ETFM, you will see that the SS is a perfect size. I say perfect because you want a nice balance between too bloated or too thin. If the OS is bloated, it will take moving mountains to move the price. If its too thin there isn’t enough shares available to load for a big run, as well as running the risk of a steep drop from its peak.
2. The second thing I look for is dilution. We all hate dilution for many obvious reasons. For those of you that do not know, Dilution is a result of a reduction in the ownership percentage of a company, or shares of stock, due to the issuance of new equity shares by the company. Dilution can also occur when holders of stock options, such as company employees, or holders of other optionable securities exercise their options.
ETFM SECURITY DETAILS:
Outstanding Shares
655,064,144
02/08/2019
Restricted
205,758,278
02/08/2019
Unrestricted
449,305,866
02/08/2019
Held at DTC
392,027,617
02/08/2019
Float
22,521,584
01/09/2017
As you can see above, the unrestricted shares read’s 449 million. They also list the tradable float at 22 million. I can’t be sure that this is true. I operate in full transparency, and anything I write about is what I BELIEVE TO BE TRUTH. I’m not a pumper. I’m a researcher and I believe that being honorable is more important than being rich. With that being said, the tradable float IMO is 449m.
So 449m. Like I said, perfect float.
Now back to the dreaded dilution. We know there is no dilution in ETFM because they have a verified transfer agent. Incredibly, ETFM has chosen to update their SS WEEKLY. What you must understand is most companies trading these ranges GAG their TA. The reason for this is to hide diluted shares being printed. HUGE RED FLAG. Fortunately, there is no need for concern because the SS remains the same week in and week out. Notice the dates next to each line item on the security details list. HUGE GREEN FLAG.
3. NO TOXIC DEBT! This is another big one for me and it should be for you too. A lot of times in penny stocks there are convertible notes that have extreme conversion rates to enrich their holders. None here. Another HUGE GREEN FLAG.
The reason for this is because we are already being funded by the Yancheng Municipal State-Owned Asset Investment Group, Co. Ltd. (YMSIG), an investment and property development company founded by the Yancheng Municipal Government. Earlier this year, YMSIG also purchased Jiangsu Aoxin New Energy Automobile, Co. Ltd. (Aoxin Automobile) from Dongfeng Motor, Co. Ltd. YMSIG has made major equity investments in the real estate, finance, engineering, culture, science and technology industries in the Yancheng, Jiangsu Province. State-Owned investment group sounds great to me.
4. SOLID MANAGEMENT TEAM!
2050 Motors management team includes PhD's and industry executives with significant experience in the automobile, energy and business sectors in the United States and the international arena. Their experience includes offers a wide range including the following:
1) The 2050 Motors team includes personnel that set many world's records for electric automobiles between 1992 and 1998; assembled and sold electric vehicles to the US market; and achieved the first crash test of an electric vehicle in the United States in 1994.
2) The 2050 Motors team has provided significant technology transfers from 2050 Motors to its international partner, Aoxin Automobile.
3) The 2050 Motors team has extensive experience in building and producing composite and electric automobiles.
4) The 2050 Motors team understands the electric vehicle and hybrid market in the United States from direct sales experience.
Bernard Schaefers, Senior Vice-President of Marketing (Board Member)
Bernd Schaefers is a veteran self-made businessman with over 40 years of work in the media industry, including over 20 years in the advertising and marketing sector. Mr. Schaefers has been the owner or co-owner of very successful advertising businesses and movie production companies, such as Interteam Productions and Constantin Films which produced the films: "The Never-Ending Story", "The Name of the Rose" and "Never Say Never Again". His advertising client list included Lufthansa, Shell Oil, Polaroid, Reynolds, Audi and Volkswagen.
Mark Edwards, Ph.D. is a Mechanical Engineer trained by the U.S. Naval Academy and received his doctorate degree in the areas of marketing and consumer behavior. He has taught at Arizona State University since 1978. Mark Edwards has written many books and articles and a noteworthy award winning Green Algae Strategy Series which focuses on sustainable and affordable food and energy, (SAFE) production. His books are used in colleges, universities and institutes in over 26 countries for courses in biology, botany, biotechnology, environment, sustainability, energy engineering, world future and global hunger. Green Algae Strategy won the 2009 Independent Publisher Gold Medal for "Best Science Book."
5. FUTURE PLANS:
Its always good to have vision when investing and being able to see the news coming before its too late. There are a lot of massive catalysts on our doorstep including the following:
2050 Motors has extensive business plans, projections, business strategies, marketing programs and complete market profiles to compete with existing automobile companies. However, there are two important market strategies that we would like to review in this Executive Summary.
1) Unlike other electric automobile companies, including Tesla Motors, who required millions or billions as initial capitalization to design and create their cars, to produce prototypes and build automobile manufacturing facilities; 2050 Motors has virtually no liabilities and very minor components of overhead. This is true because all the money for the design of the e-Go EV, as previously stated, was done by other companies. The e-Go EV manufacturing plant in China, which is state-of-the-art, was also funded by our Chinese partners. 2050 Motors is entering the marketplace with a clean financial statement that has no debt service to address to any extent; and, can sell vehicles at a very low cost with significant profits even at low sales volumes. Phase I, which encompasses selling automobiles to the American market totally manufactured in China, is a stand alone project and will produce significant income. For further information please see Phase I Business Plan available upon request.
2) 2050 Motors intends to assemble the e-Go EV in the United States with US labor in the near future. This is very possible because the capital investment to build the state-of-the-art aluminum frame and carbon fiber parts of e-Go EV already exist in China. For this Phase II, of assembly of vehicles in the USA, we do not need in the United States the capital intensive equipment to build the carbon fiber parts; nor do we need to spend significant funds to build a robotic welding line for the space age aluminum frame under the e-Go EV. By concentrating our business on purchasing the parts from our partners in China then 2050 Motors can focus on the high quality simple assembly of the e-Go EV in the USA without expending significant capital reserves for manufacturing equipment. It's also possible to integrate USA made parts and components. The assembly line is relatively simple and straight forward since electric automobiles have fewer parts in them compared to internal combustion vehicles: batteries, electric motor, controller, brakes, and other minor components. Furthermore, the assembly of the vehicle will be under the supervision and management of US Quality Assurance personnel who will ensure that we built an automobile with the quality that is accustomed by US consumer market. Phase II Assembly Business Plan is also available upon request. PHASE II IS A CONSERVATIVE PROJECTION IN SALES AND CAN BE ACCELERATED IN TIME AND PRODUCTION TO MEET CUSTOMER DEMAND.
In conclusion, 2050 Motors enjoys the enormous advantages of being able to assemble the most advanced mass consumer market production automobile in the world. 2050 Motors has the exclusive license to sell, assemble and manufacture the e-Go EV in the United States without having the enormous burden that other automobile companies must carry. We estimate that even limited sales of the e-Go EV can provide good profits for 2050 Motors.
To illustrate this important factor, the Forum for Growth and Innovation, a Harvard Business School Think Tank, published a couple of articles in April and May of 2015 stating, “Why Tesla Won't Be Able To Scale” and “Tesla's Not as Disruptive as You Might Think,” which clearly state that electric automobile companies that have a significant amount of overhead (like Tesla Motors who have concentrated on the ultra luxury automobile market) will find it very difficult to expand their sales into the lower end consumer market where profit margins are much less than what they are accustomed.
In summary, ETFM is set up and ready for a MASSIVE RUN. They could very well be the next and only true competitor of TESLA. If they succeed on the license to resell and the land for the manufacturing, this will go BACK to dollars fast. There’s a lot more information on the company itself in power battles stickied DD. THIS IS A REAL COMPANY! DO NOT GET LEFT BEHIND HERE! LOW FLOAT AND NO TOXIC DILUTION!!!!!!!
$ETFM SEC FILINGS FROM THE PR, I COUNT 5 FILINGS, THE two SEC 8K's, the Attorney Current Letter coming, The SEC 10Q coming in the press release next week and the SEC 10K coming April 15th lolol. ALL ARE "SEC COMPLAINT!" "AS QUICKLY AS POSSIBLE".
Thats not forward looking to me. THATS THE REAL DEAL1
$ETFM 's PLAN! READ FRIDAY'S PR! "PINK CURRENT! STOP SIGN GOING!" A 10Q COMING IN ABOUT A WEEK! THEN A 10K IN APRIL! THEN READ THE GAME PLAN! MORE FILINGS COMING! OPENING A 4000 square ft showroom in NYC? EV Market! LED! M & A Candidates! READ THE WHOLE THING!
Pump 'n' dumps don't put out filings and get into SEC COMPLIANCE and get it "done quickly" and expand business lolol
$ETFM Yesterdays NEWS! 2050 Motors Provides Shareholder Update
http://www.globenewswire.com/news-release/2019/03/08/1750630/0/en/2050-Motors-Provides-Shareholder-Update.html
March 08, 2019 09:09 ET | Source: 2050 Motors, Inc.
LAS VEGAS, March 08, 2019 (GLOBE NEWSWIRE) -- 2050 Motors, Inc. (US OTC: ETFM) through the office of CEO Vik Grover released today a shareholder update to provide information to investors on recent developments and planned corporate actions and activity:
Management and Board Changes
Effective March 6, 2019, William Fowler resigned as 2050’s CEO and Director and Bernd Schaefers resigned as Director of the Company. Concurrently with the resignations of Messrs. Fowler and Schaefers, the Company appointed me President, Chief Financial Officer, Secretary and Director. I have over 25 years’ experience on Wall Street as a banker and analyst at technology-focused firms such as Needham & Co. and Thomas Weisel Partners and have previous public company experience in various capacities as a Manager, Director and Consultant.
William Fowler, President of our wholly-owned subsidiary 2050 Motors Private Corporation (TMPC), and his team, by March 15, 2019, will be granted control of TPMC with a goal of allowing TPMC to raise capital from private sources more aligned with the high capital requirements of the electric vehicle (EV) manufacturing business. 2050 Pubco (ETFM) will retain 20% ownership of the subsidiary, which will allow our shareholders to continue to benefit from a planned revitalization of that business. Forces beyond the control of prior management prohibited them from realizing the potential of their early-mover advantage in the EV space. Given recent substantial activity in the EV market, including the IPO of major Chinese manufacturer NIO (NIO/NYSE), the approval of U.S. sales for Chinese manufacturers such as Kandi Technologies (KNDI/NASDAQ)), capital raises by companies based in North America such as Electrameccanica (SOLO/NASDAQ) and Arcimoto (FUV/NASDAQ) , and a shift to 100% online sales of EVs by market leader Tesla (TSLA/NASDAQ), the timing could not be better for TPMC to talk to deep pocketed private investors looking to capitalize on the years of work Mr. Fowler and his team have dedicated to that project and the profound changes in the market for EVs that have occurred. I wish them well and will do everything in my power to help them network with investors and strategic partners in the future. I believe this carve-out was the best outcome for 2050 stakeholders, as it preserves long-term upside and minimizes massive dilution of our shareholder base.
Auditor Change
On February 26, 2019, Farber, Hass, Hurley LLP resigned as the Company’s auditor. There were no disagreements about accounting issues. Effective March 7, 2019, 2050 Motors engaged Boyle CPA, LLC as its new accounting firm. The Company is moving aggressively to bring itself into compliance with SEC reporting requirements with a goal of filing form 10-Q for 3Q18 (ended September 30) within 10 business days from today, and a goal of filing form 10-K for calendar year 2018 (ended December 31) by April 15, 2019. We will likely require a 10-day extension to file the 10-K within the SEC’s required timeframe. These actions will eliminate the STOP SIGN for 2050’s common shares and should result in a more orderly and transparent market for investors. I have worked with Robert Boyle’s office in the past, have spoken to him at length about a timeline and the requirements for 2050’s SEC filings, and have the utmost confidence in his firm’s ability to help 2050 get current quickly.
Game Plan
The time to build an EV business is now. There could not be more activity in the space. Industry pioneers like Elon Musk have broken down barriers that for years precluded companies with guts and vision from succeeding in a carbon dominated world. I believe Mr. Fowler and his team were visionaries who simply were too early and who were stymied by forces abroad that were beyond their control. While they work to recharge TPMC, organically and possibly through new ventures, partnerships and other moves, the new 2050 will pursue other growth opportunities in the EV space and related fields.
We are in the “red zone” with regards to a supply agreement with a manufacturer of electric bikes, based in Canada, that has been in business for almost 20 years with sales locations across the country. We intend to launch showrooms for these vehicles, which include eBikes, eScooters, e3wheelers, eATVs, eRickshaws and even eSnowmobiles, and become a master distributor for this manufacturer in select major markets in the USA. This month, we will sign a partnership in New York City to deploy a 4,000 square foot showroom for the Tri-State Area and are reviewing a high-profile location in Chicago for a similar venue targeting the Midwest. Other major markets across the Eastern Seaboard, the Gulf Shores, and possibly Texas are expected to follow while online sales will allow 2050 to target customers anywhere.
The eBike market is wide open for new entrants. For example, New York recently approved new rules for electric bikes, allowing pedal-assist bicycles that require a rider to pedal to activate an electric motor and to keep the bike moving. Bikes favored by delivery workers, known as throttle-controlled electric bikes, that can travel faster than 20 MPH, remain illegal, a decision that has been mocked by thousands of drivers who purchase and ride such machines throughout the city and state and are rarely ticketed. Uber, after buying Jump for $200 million in 2018, launched eBike ride-sharing in the five boroughs, and others like Lyft, who spent $250 million on Motivate in 2018, are testing eBike deployments in anticipation of rules changes by the New York administration and DOT. I expect the substantial lobbying power of Uber and Lyft, further fueled by demand from eBike riders, to change policy in New York. So, you can see, the timing of our showroom launch in New York could not be better, as it will position 2050 to capitalize on a tidal wave of demand for eBikes in this large, landmark market.
2050’s new strategy can be summed up in three phases. Phase I): Bring 2050 current with SEC filings, launch eBike distribution in major markets in the USA, sell and support machines branded and built by our Canadian manufacturer partner; Phase II): Expand into markets East of the Mississippi and in Texas, test market in international locations, white-label our own branded machines for B2C sales; Phase III): launch vehicle sharing/rental services in our core markets to leverage our footprint and capitalize on eBike awareness throughout the country. For now, we will avoid the West Coast, due to hyper competition and the endless money supplied to ride sharing and related businesses by Silicon Valley and venture backed unicorns.
Separately, 2050 is in discussions with M&A candidates in other high growth energy-related fields including Power over Ethernet (PoE) and Light Emitting Diodes (LEDs). We believe there are substantial growth opportunities in these markets that are a play on the global growth of the Internet of Things (IoT). Without going into too much detail, we plan on targeting the network on the road with EVs. PoE and LED will allow us to target the network in the ceiling and the network in the sky. Stay tuned.
Bottom Line: 2050 is entering a new chapter of growth. We have every belief that William Fowler and his team can revitalize TPMC as a private entity, minority-owned by 2050, and bring electric automobiles as planned years ago to the U.S. market. Funding outside of 2050 will allow TPMC to speak to deep pocketed investors that require their investments to be private, and TPMC will be able to deploy substantial capital without massive dilution to 2050’s public shareholders. The “new” 2050 intends to aggressively enter the EV market with a distribution plan for eBikes, delivered by a manufacturer we have targeted and expect to sign this month. M&A in other technology fields have the potential to provide additional long-term upside. I would like to thank shareholders for their continued interest in the Company and look forward to additional updates soon.
About 2050 Motors, Inc.
2050 Motors, Inc. (http://2050motors.com/about-us.html) is a publicly-traded company founded to develop, produce, distribute and sell the next generation of clean, lightweight, efficient vehicles and their associated technologies. Some of these technologies include alternative renewable fuels, hybrid electric vehicles, advanced graphene lithium batteries and low-cost carbon fiber vehicles. Additionally, the Company is exploring next-generation energy technologies, including Power over Ethernet (Poe), Light Emitting Diodes (LEDs), and other substantial, global, high-growth verticals. The Company has been successful in forming long-term relationships and exclusive contracts for a variety of game-changing technologies.
Disclosure Statement
Statements in this press release about our future expectations, including without limitation, the likelihood that 2050 Motors will be able to meet US DOT requirements, meet minimum sales expectations, be successful and profitable in the US market, bring significant value to 2050 Motors' stockholders, and leverage capital markets to execute its growth strategy, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
CONTACT:
Vik Grover
President
2050 Motors, Inc.
(630) 708-0750
info@2050motors.com
https://www.linkedin.com/in/vikgrover/
$ETFM Beauty 2 day Chart! .007 break coming Monday imo which was Friday's high and 1 year resistance then BOOM CHAKA LAKA imo.... traded 200 million shares on 03/07/2019, the big day of the run up and when the two 8K filings came out, then it held all those gains and ran even higher to almost double the price of the previous huge day on news on 03/08/2019 before closing at even on the trading day with ~250 million shares traded. So all those first day shares were flushed through at higher levels. Beautiful support here imo. AND PROVEN NO DILUTION WHEN YOU LOOK AT OTCMARKETS UPDATE FROM YESTERDAY AFTERNOON's UPDATE, 03/08/2019! UNCHANGED!
OTC Markets Unchanged Share Structure...
https://www.otcmarkets.com/stock/ETFM/security
TRADED ON RECORD SHARE VOLUME!!!!!!!!!!!
$ETFM 1 yr Chart...
https://www.barchart.com/stocks/quotes/ETFM/interactive-chart
yeah! They filed two 8k's, Acquisition, No dilution. News. Typical P 'n' D, my azz it is, Thats not how pump and dumps work, lol. Easy .01+ Monday, Hit .007 in 30 mins this past Fri morning. A break of .007 is a break of the 1 yr high of .007 and a break of Fridays high of day of .007.
Then .03-05 this week IMO based on multiple sources of proven of no dilution and how fast this has been moving on low volume this past week, tells me shares are tighter than the float really shows. Has the assets to back it up. Thats my opinion I don't see any signs of dilution, powerbattles proved there is no need for dilution, they have great technology, revenues and assets. BOOM!
powerbattles, I get it, no dilution needed, Its a set interest note. They don't need to sell any shares. Plus, Jiangsu Aoxin New Energy Automobile Co., Ltd., (Aoxin) into ETFM. Jiangsu generates $148,800,660 Revenues and has $200,145,818 Assets
Where the hell is this thing headed lol in ur opinion. This does not trade like there is a lot of shares out there, 200-250 million volume is nothing. $ETFM
chartTracker, the key is to take all the "smart dd' here from all the great people willing to join here and share it and see if we can uncover something special where we all benefit while avoiding the scammers and clowns. At least that's my goal wherever I go on these boards, its not always perfect, but thats the goal. The companies and CEO's seem to have their own plans and ideas which sometimes turn out much different than ours lolol all the best to u!
ChartTracker, putting a Ph.D after ur name doesn't make u an expert at everything lolol It means ur an expert at something.
stonecold, this stock shot like rocket to .007 on Fri. morn in less than 30 mins, she can move. Support in now in around `.0037. Next moonshot should be .01+ Monday. IMO
IIuvbbs, I'm on the recliner, tv on, computer next to me, its Saturday, my DD effort on who is posting is maybe at a "level 1" if that lolol
stonecold, its a typical OTC Market update, the numbers did not change, No dilution, The numbers have not changed. It happens on plenty of stocks. Great sign they stayed the same with all the volume the last 2 days. Plus Level 2 showed no signs of dilution, it looked like retail buyers and then retails profit takers yesterday afternoon on a Friday. No dilutive market makers doing anything fishy imo.
Yes u can, Ameritrade sells ETFM shares. I know. I bought some from them
SEC? FINRA? ANYONE? HELLO? ANYONE HOME? LOL
How this scam is allowed over & over amazes me lolol
Learned many many years ago about this jailbird. Never bought again.
puffadder, ur DD is old & outdated. Check the stickies. Things have changes in case u didn't notice lolol
$ETFM Yesterdays NEWS! 2050 Motors Provides Shareholder Update
http://www.globenewswire.com/news-release/2019/03/08/1750630/0/en/2050-Motors-Provides-Shareholder-Update.html
March 08, 2019 09:09 ET | Source: 2050 Motors, Inc.
LAS VEGAS, March 08, 2019 (GLOBE NEWSWIRE) -- 2050 Motors, Inc. (US OTC: ETFM) through the office of CEO Vik Grover released today a shareholder update to provide information to investors on recent developments and planned corporate actions and activity:
Management and Board Changes
Effective March 6, 2019, William Fowler resigned as 2050’s CEO and Director and Bernd Schaefers resigned as Director of the Company. Concurrently with the resignations of Messrs. Fowler and Schaefers, the Company appointed me President, Chief Financial Officer, Secretary and Director. I have over 25 years’ experience on Wall Street as a banker and analyst at technology-focused firms such as Needham & Co. and Thomas Weisel Partners and have previous public company experience in various capacities as a Manager, Director and Consultant.
William Fowler, President of our wholly-owned subsidiary 2050 Motors Private Corporation (TMPC), and his team, by March 15, 2019, will be granted control of TPMC with a goal of allowing TPMC to raise capital from private sources more aligned with the high capital requirements of the electric vehicle (EV) manufacturing business. 2050 Pubco (ETFM) will retain 20% ownership of the subsidiary, which will allow our shareholders to continue to benefit from a planned revitalization of that business. Forces beyond the control of prior management prohibited them from realizing the potential of their early-mover advantage in the EV space. Given recent substantial activity in the EV market, including the IPO of major Chinese manufacturer NIO (NIO/NYSE), the approval of U.S. sales for Chinese manufacturers such as Kandi Technologies (KNDI/NASDAQ)), capital raises by companies based in North America such as Electrameccanica (SOLO/NASDAQ) and Arcimoto (FUV/NASDAQ) , and a shift to 100% online sales of EVs by market leader Tesla (TSLA/NASDAQ), the timing could not be better for TPMC to talk to deep pocketed private investors looking to capitalize on the years of work Mr. Fowler and his team have dedicated to that project and the profound changes in the market for EVs that have occurred. I wish them well and will do everything in my power to help them network with investors and strategic partners in the future. I believe this carve-out was the best outcome for 2050 stakeholders, as it preserves long-term upside and minimizes massive dilution of our shareholder base.
Auditor Change
On February 26, 2019, Farber, Hass, Hurley LLP resigned as the Company’s auditor. There were no disagreements about accounting issues. Effective March 7, 2019, 2050 Motors engaged Boyle CPA, LLC as its new accounting firm. The Company is moving aggressively to bring itself into compliance with SEC reporting requirements with a goal of filing form 10-Q for 3Q18 (ended September 30) within 10 business days from today, and a goal of filing form 10-K for calendar year 2018 (ended December 31) by April 15, 2019. We will likely require a 10-day extension to file the 10-K within the SEC’s required timeframe. These actions will eliminate the STOP SIGN for 2050’s common shares and should result in a more orderly and transparent market for investors. I have worked with Robert Boyle’s office in the past, have spoken to him at length about a timeline and the requirements for 2050’s SEC filings, and have the utmost confidence in his firm’s ability to help 2050 get current quickly.
Game Plan
The time to build an EV business is now. There could not be more activity in the space. Industry pioneers like Elon Musk have broken down barriers that for years precluded companies with guts and vision from succeeding in a carbon dominated world. I believe Mr. Fowler and his team were visionaries who simply were too early and who were stymied by forces abroad that were beyond their control. While they work to recharge TPMC, organically and possibly through new ventures, partnerships and other moves, the new 2050 will pursue other growth opportunities in the EV space and related fields.
We are in the “red zone” with regards to a supply agreement with a manufacturer of electric bikes, based in Canada, that has been in business for almost 20 years with sales locations across the country. We intend to launch showrooms for these vehicles, which include eBikes, eScooters, e3wheelers, eATVs, eRickshaws and even eSnowmobiles, and become a master distributor for this manufacturer in select major markets in the USA. This month, we will sign a partnership in New York City to deploy a 4,000 square foot showroom for the Tri-State Area and are reviewing a high-profile location in Chicago for a similar venue targeting the Midwest. Other major markets across the Eastern Seaboard, the Gulf Shores, and possibly Texas are expected to follow while online sales will allow 2050 to target customers anywhere.
The eBike market is wide open for new entrants. For example, New York recently approved new rules for electric bikes, allowing pedal-assist bicycles that require a rider to pedal to activate an electric motor and to keep the bike moving. Bikes favored by delivery workers, known as throttle-controlled electric bikes, that can travel faster than 20 MPH, remain illegal, a decision that has been mocked by thousands of drivers who purchase and ride such machines throughout the city and state and are rarely ticketed. Uber, after buying Jump for $200 million in 2018, launched eBike ride-sharing in the five boroughs, and others like Lyft, who spent $250 million on Motivate in 2018, are testing eBike deployments in anticipation of rules changes by the New York administration and DOT. I expect the substantial lobbying power of Uber and Lyft, further fueled by demand from eBike riders, to change policy in New York. So, you can see, the timing of our showroom launch in New York could not be better, as it will position 2050 to capitalize on a tidal wave of demand for eBikes in this large, landmark market.
2050’s new strategy can be summed up in three phases. Phase I): Bring 2050 current with SEC filings, launch eBike distribution in major markets in the USA, sell and support machines branded and built by our Canadian manufacturer partner; Phase II): Expand into markets East of the Mississippi and in Texas, test market in international locations, white-label our own branded machines for B2C sales; Phase III): launch vehicle sharing/rental services in our core markets to leverage our footprint and capitalize on eBike awareness throughout the country. For now, we will avoid the West Coast, due to hyper competition and the endless money supplied to ride sharing and related businesses by Silicon Valley and venture backed unicorns.
Separately, 2050 is in discussions with M&A candidates in other high growth energy-related fields including Power over Ethernet (PoE) and Light Emitting Diodes (LEDs). We believe there are substantial growth opportunities in these markets that are a play on the global growth of the Internet of Things (IoT). Without going into too much detail, we plan on targeting the network on the road with EVs. PoE and LED will allow us to target the network in the ceiling and the network in the sky. Stay tuned.
Bottom Line: 2050 is entering a new chapter of growth. We have every belief that William Fowler and his team can revitalize TPMC as a private entity, minority-owned by 2050, and bring electric automobiles as planned years ago to the U.S. market. Funding outside of 2050 will allow TPMC to speak to deep pocketed investors that require their investments to be private, and TPMC will be able to deploy substantial capital without massive dilution to 2050’s public shareholders. The “new” 2050 intends to aggressively enter the EV market with a distribution plan for eBikes, delivered by a manufacturer we have targeted and expect to sign this month. M&A in other technology fields have the potential to provide additional long-term upside. I would like to thank shareholders for their continued interest in the Company and look forward to additional updates soon.
About 2050 Motors, Inc.
2050 Motors, Inc. (http://2050motors.com/about-us.html) is a publicly-traded company founded to develop, produce, distribute and sell the next generation of clean, lightweight, efficient vehicles and their associated technologies. Some of these technologies include alternative renewable fuels, hybrid electric vehicles, advanced graphene lithium batteries and low-cost carbon fiber vehicles. Additionally, the Company is exploring next-generation energy technologies, including Power over Ethernet (Poe), Light Emitting Diodes (LEDs), and other substantial, global, high-growth verticals. The Company has been successful in forming long-term relationships and exclusive contracts for a variety of game-changing technologies.
Disclosure Statement
Statements in this press release about our future expectations, including without limitation, the likelihood that 2050 Motors will be able to meet US DOT requirements, meet minimum sales expectations, be successful and profitable in the US market, bring significant value to 2050 Motors' stockholders, and leverage capital markets to execute its growth strategy, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
CONTACT:
Vik Grover
President
2050 Motors, Inc.
(630) 708-0750
info@2050motors.com
https://www.linkedin.com/in/vikgrover/
puff, nice try, thats why 2 new 8K's were filed, MEW ACCOUNTING FIRM LOL! and business ....
but u get an 'E' for Effort lolol
Item 4.01 Changes in Registrant’s Certifying Accountant.
https://ih.advfn.com/stock-market/USOTC/2050-motors-inc-ETFM/stock-news/79427830/current-report-filing-8-k
On March 7, 2019, the Company engaged Boyle CPA, LLC as its audit firm. Boyle CPA, LLC is registered with the American Institute of Certified Public Accountants (“AICPA”) and the Public Company Accounting Oversight Board (“PCAOB”) and specializes in the filings and needs of public companies, commercial enterprises, and not-for-profit organizations.
Website www.cpaboyle.com
Foxbat, PROVEN NO DILUTION WHEN YOU LOOK AT OTCMARKETS UPDATE FROM YESTERDAY AFTERNOON's UPDATE, 03/08/2019! UNCHANGED ALL WEEK! Sorry, I'm using something called facts lolol and watching Level 2 for signs of dilution and dilutive market makers. Didn't see it. Looked like pretty much retail selling to me after a large run up and Friday afternoon selling before a weekend.
OTC Markets Unchanged Share Structure...
https://www.otcmarkets.com/stock/ETFM/security
$ETFM Beauty 2 day Chart! .007 break coming Monday imo which was Friday's high and 1 year resistance then BOOM CHAKA LAKA imo.... traded 200 million shares on 03/07/2019, the big day of the run up and when the two 8K filings came out, then it held all those gains and ran even higher to almost double the price of the previous huge day on news on 03/08/2019 before closing at even on the trading day with ~250 million shares traded. So all those first day shares were flushed through at higher levels. Beautiful support here imo. AND PROVEN NO DILUTION WHEN YOU LOOK AT OTCMARKETS UPDATE FROM YESTERDAY AFTERNOON's UPDATE, 03/08/2019! UNCHANGED!
OTC Markets Unchanged Share Structure...
https://www.otcmarkets.com/stock/ETFM/security
$ETFM 1 yr Chart...
https://www.barchart.com/stocks/quotes/ETFM/interactive-chart
stervc! $ETFM Knocking it out of the park w/ ur DD again! THANK YOU for your time and effort! And for sharing! Much appreciated! RG
This CEO should have been in Jail long ago, what a thief. I feel sorry for u all. He is a convict, no different then Berniie Madoff imo.
have a great weekend all! held yesterdays huge gains, actually up 5% lol and traded more shares at higher levels than yesterday. Yesterdays volume was 200 million shares, todays volume was 248 million shares. Awesome start today! hit the 1 yr high on Todays News! .007! Good things coming! imo
nice green close would be sweet on the chart!
pb_trading, no dilution, 423 million tradeable float! great sign! nice!
AWESOME! OS JUST UPDATED UNCHANGED! 687 MIL AS! as of 03/08/2019 I check throughout the day! $ETFM
NICE pb_trading!
Restricted Unchanged as of just now...
205,758,224
03/08/2019
Unrestricted unchanged at of just now...
481,993,620
03/08/2019
Held at DTC
423,127,617
03/08/2019
https://www.otcmarkets.com/stock/ETFM/security