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No longer interested in arguing this segmented point.
I have made my points on the issue.
Saen is big already, about to get very big. I want to have a part of it.
Hey I'm all for that !! And being able to afford one soon !!
LOL, you are obviously not a Gear Head.
That's ok. As long as you buy what is right for you. Others will do the same.
As I stated, I like their whole business model for EV systems presented so far.
But if you think automotive parts companies don't make money or aren't big--- Well I just disagree politely.
Aftermarket parts are big business.
I think EV conversions will be the future of aftermarket parts.
And not just in cars. Saean is targeting buses, boats, forklifts, construction equipment and more. Many of these are expensive and get their engines replaced/ rebuilt routinely. Great ideas.
I am sure we are in a different financial class. I can no longer afford to buy new cars. And I bet you own more EMPM shares than I can manage to get.
But I do know some things about used cars. The market is huge. Bigger than new cars by volume. And the reworking or repairing of those cars for resale is a huge business.
Many (maybe most) of the vehicles in my area are modified. Especially if it is a pickup truck.
People won't need to ship a vehicle to have it altered. Local shops will do very well getting this business. With more and more available EV systems being available. (As Saean says they will provide also) Conversions will get cheaper.
And many local and state governments are trying to outlaw gasoline engines. (California and others) With greater restrictions on emissions with a final goal to eliminate.
The end goal is a total change over in transportation methods.
A giant undertaking for our society. Being pushed for many reasons (some I disagree with) But still the push is coming. And fast.
I like that they are talking of targeting all vehicles, small, large, old new, land, sea, air. What a great business model target.
New vs used vehicle sales
https://www.statista.com/statistics/183713/value-of-us-passenger-cas-sales-and-leases-since-1990/
Perspective- How many internal combustion engine manufacturers are there?
How many EV system manufacturers will it take to replace them?
Because they WILL all be replaced.
Yes, not a coincidence.
I'm getting very excited to see things falling together.
This ride is about to start
True there is selling, and then dip, shake and grab for more. They are USING shares to hold a price line and get out the lose hands. Been a steady cycle. Makes sense if you want to get rid of the big sellers for a run up. The shares bought in the gap usually are used to block the run for now.
I agree with Chen, price matching target for the change over.
Just IMO
I like the way that adds up. Makes sense.
Numbers like that are never random.
Awesome
Now 6 digits ????
No .11 Bid showing on Etrade
Great find, I looked for couple hours this morning and didn't find that one. You are the king.
The trading has been pre planned and been carried out for the last 2 months. Different MMs have surely been doing swap trades between the Bid/Ask with and without 5-6 digit amounts. Block walls and buffer sells.
Just look at the current L2. There are multiple MMs with Ask amounts that NONE of us will sell for. That is why the current PPS.
1-2 weeks ago those sale amounts were 60K-90K consistently. The amounts are lowering, and the PPS has not really gone up. My opinion is they are getting lower on shares to work this.
Does that mean 911 tick means anything? Ehhh not really.
As long as the bid is weak this can be taken advantage of by the MMs.
News will change all that.
Those that are buying, IMO this is the current bottom that won't get repeated.
We are close
MM block walls continue today. Although the amounts have decreased per MM, the number of MMs putting them up has increased.
If you take the MM blocks off of the Ask list there is almost nothing left for sale.
Unfortunately, at the moment, the same can be said about the Bid.
Yes sir, think so
Cheers to you and all
I am thinking the same. Although, watching these latest blocks sell between the Bid/Ask it is difficult to tell if they are real people dropping out or MMs throwing swap trades. Personally, I think many are just swap trades as they don't continue. Like a panic sell out would. Always a few getting out for own reasons, but this is still being held here with the same block and snatch between method. The showing L2 almost never changes when these trades occur with sizable amounts that should be showing on one side or the other before traded.
My evaluation: most of the volume to keep it down here is fake. Are they gaining shares? Most likely. But I think it is largely due to lack of us selling. MMs do their job and provide liquid to the solid.
As soon as there are a pile of buyers, they will be hunting for a price that actual retailers want to sell for.
What price will YOU sell your shares for?
Ford said in March 2018 that globally it will be creating 16 fully electric vehicles and 40 electrified vehicles through 2022. Everything the company has said since then about electrification fit neatly into that frame
Yep
Certainly not ruling out new Evs or new chassis with EV installs. Just making the point that almost all governments are heading to change over from gas engines. Which will include a refit program, penalties or incentives.
And so are many cities and municipalities. Transit, public works, etc.
When they start adding taxes and penalties to drive your gas engine muscle car ( Which I love mine by the way) you will think a conversion sounds great, for the price of fuel for a year you go EV.
US states: California, Connecticut, Maryland, Massachusetts,
New York, Oregon,
Rhode Island, and Vermont. Canadian provinces:
Québec
Reduce national vehicle emissions to zero by 2050.
“We will strive to make all passenger vehicle sales in our jurisdictions ZEVs as fast as possible, and no later than 2050.”
https://qz.com/1341155/nine-countries-say-they-will-ban-internal-combustion-engines-none-have-a-law-to-do-so/
I still think they already have their needed shares for plans. L2 strategies have shifted. Looks to me to be MMs working and retail.
Koreans were given a guarantee that in 6 months their 10x shares would be worth more, to convince them to lock them up. They will not be losing.
I also bought at .036 but personally am not selling here. Or close to here. But I have had to make those choices before. Each has their own reasons. The L2 action has changed in last week+ . Mainly from lack of new buyers. When we got a little attention last Friday that changed. Further attention is coming as plans continue to come together.
Agree with that
The conversion of Korean shares to US is certainly not dilution. We have known about this from the start. It's why we are here. Saean RM into EMEPM. I was just wondering on the plan with forced conversion @ .50.. There is a purpose, and I am betting it is to control the price above that.
They are not losing yet, as EMPM has not yet changed to Saean. It will soon, and these people bailing out may have some big regrets.
Would they use the forced conversion to get the shares into public sales above .50 and circulating before running price higher. To prevent a price drop later when trying to hold above the 3.00 mark ??
Ok. I guess I don't understand the reason for the forced conversion claus. Why would that be included?
IF they wanted to force the conversion back
So to establish the 20 days before Oct 10 would be Sept 20 ????
Sounds very logical for everything they have said so far. Would not make sense for Korean shares to be less value. And Koreans were eager to exchange shares. They are not getting a loss, for sure.
look into it yourself
Getting new tech vehicles into the field takes time. Average life of a car is over 10 years. And cars being made today are expected to survive longer.
Getting the auto fleet changed to electric will take too long. Projections are less than 50% of the fleet could be achieved by 2037 if we start producing more than 75% now and 100% by 2023. Full change over would be even longer.
In order to change the auto fleet to electric, much of the existing fleet must be converted. As gas prices rise a push to convert will give its own incentives.
There is a lot of projections on EV fleet conversions. None of them happen over night. But all future auto projections include a shift to electric. Each auto manufacturer has a plan to go electric.
But there are over 276 million vehicles registered in the US in 2018 alone.
Yearly new sales are around 10 million.
As you can guess- converting the existing fleet is a BIG deal. A company that could pull off a big share of that would be huge.
But that's only one aspect of Saean -- Right?-
I condensed this from several readings and a couple youtube videos. Look for yourselves if you like.
Bread crumbs, just bread crumbs
wait for the main course
Price should be .30
Agree. They are short sighted.
Now CDEL and CSTI showing large blocks higher Ask. A level shift?
Impatient traders sell to Bid and MMs pick up the shares in the gap. They are still piling up shares. Gaining more control of the Float.