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see, the $100M in funding they want is actually a viable thing, not only will a portion of it likely get a government guarantee, but a lot of the money used is going to be to buy cars to stock the lots....those are straight up assets, its a low risk funding here.
I've heard that the full $100M that they were seeking is on its way, but those are just from some of my sources, and not from the company.
At any rate, the filings will speak for themselves, and any money they get will send this into motion.
as gasoline goes to 5.00 just this year, I don't think so
I'm bought out, 950K, I stopped buying last Friday.
Started buying at .05, then .06, then down under .05 when it fell.
Perhaps you missed the loan guarantees the goverment is giving out on venture capital who suppor alternative energy?
I would do more DD if I were you, rest assured, whoever floats this boat is going to be looking for and likely getting a form of guarantee from the DOE.
http://www.bnet.com/blog/clean-energy/venture-capitalist-to-steer-doe-8217s-energy-loan-program/927
$3M cap low floaters like this go to $40M cap all of time just on momentum, forget pending major announcements, which seem to be indicative of major funding....who is anybody trying to kid.
excellent, i updated it
its the only reason for a quiet period...period LOL
Regarding EVCA's "Quiet Period"
EVCA is currently in a "quiet period" where no information about material events will come out. Filings have been made with the SEC, we do not know what they are. However, according to the SEC a "quiet period" is enacted for 1 of 2 reasons only, either 1) a period before an IPO in order for a company to not hype the stock driving up the PPS before the IPO, and 2) a period before convertible equity securities are being institued in order to not drive the PPS up.
Well, we are not getting an IPO, but EVCA created 20M Class Convertible B preferred shares on 2/10/11 for the sole purpose of funding. In fact, here is an email reply to me from the EVCA COO Scott O Neal regarding the newly minted Class B Preferred
haha, he told me the SEC moves at their own pace, and that there is more than 1 filing. should be this week IMO
there's more than 1 filing
EVCA-Awaiting Filings On EDGAR Now
Something has been filed, and must show up before EVCA can PR what it is. It's likely an 8k, but we shall see. This may be the funding.....GL guys, if it is, boom. Even if it isn't, its obviously bigtime news....Jack in IR reiterates that the GARC news is not what we are waiting on, EVCA has agreements with several EV makers and Foyte is just a new one, they are still looking at 2 more EV makers. We are expecting different PR's and filings, which appear to be financial in nature.
the effective float heres is 10M or less, the float is actually 25M, but its basically gone, as you can see.
Jack Eversull just confirmed with me that EVCA remains in a "quiet period" while major filings are waiting to become effective. He reitereates they cannot control what other companies put out in PR, as in GARC's mention of EVCA as a partner.
That PR is not the PR we are expecting, ours deals with some sort of monetary dealings which required EVCA's accountants and attorneys.
This is the GARC news from yesterday, but EVCA can't speak about it yet, and likely won't until after EVCA's main monetary news comes.
http://www.torquenews.com/397/chinese-electric-suv-begins-final-testing-us-market
there's about 10 of us who hold 10M shares total, I don't know about you, but the way this is trading and the way we are all holding this could got 200% today.
I will tell you guys 1 thing, I'm using EVCA to try and quite my day job this summer.
My research leds to EVCA being a $1B company within 5 years, and a $3B company within 10 years.
I'm going to live off of this thing.
at this point the MMS have to bring a several million share cover and buy em up! The way its trading, no retail is on the ask at all, so the MM's are left to short, and now have to squeeze.
Regarding the EVCA Market cap
GARC market cap $180M
ZAAP market cap $140M
EVCA market cap $3M*
I can tell you that funding is on its way, I trust my sources, I can also say it's a very large number, but know no details of how its to be transacted.
I'm now doing research as to how/if the government helps companies like EVCA who want to sell EV and hybrids. There may be some serious tax breaks for companies that sell these cars...I'll let you know what I find.
GACR shareholders must have a ton of confidence in its company, it actively trades between .25 and .75 or market cap 90M to 270M.
I will guarantee GACR shareholders are now starting to buy EVCA shares as they now know we will be selling the cars they distribute from Zoyte in China.
270M for GACR a few monts ago, that is impressive for an OTC stock
what's happening is EV distributors who represent EV manufacturors are signing up with EVCA for when they have the dealerships up and running. That pretty much sums it up.
They've got Tazarri, Wheego, now Zoyte, and 2 more in the works.
One of the 2 in the works is likely BYD.
Ultimately, EVCA will take any EV car on its lot, but its going to sell pre owned hybrids as its main revenue for a while, and wait and see if EV takes off. If EV does take off then its a bonus.
The rev stream for EVCA is this: 1) Pre owned hybrids, 2) Service on all EV and hybrid cars, 3/4 tied) EV and CNG sales, 5) M&A with dealerships.
It further gets hedged by the fact that EVCA wants to own the first 13 stores as corporate, and then franchise up to 40 more.
the magnitude of the news seems to be the driver here. they want an official SEC document to exist before they blast a PR
I think they are choosing to do it this way, so that an offical SEC doc exists before the news. I'm hearing its a major release, but rumors are rumors.
Either way, its likely something financial, and likely funding. We shall see.
surely some of it is going into the Class B preferred, but not all of it IMO. Some of it will be straight up debt financing. The money is going to be used to build 4 buildings, and buy cars to stock the lots, those are assets.
If they get $20M, maybe $10M goes into the Class B and $10M into debt financing.
Either way, the value here is about to go way way up.
they 450k was a mm cover, simply
GL.......
thats where you want to look, it could come at any time. maybe today, tomorrow, or later this week. from my experience it takes a few biz days for it to show up, we do not know when they filed.
if they filed last thursday or friday, then it'll be there soon.
if they filed today, it'll be a few days.
no kidding, my DD shows that the pre-owned hybrid market is roughly a 6.7B biz right now, and growing rapidly.
pre owned hybrids are going to be their main biz for years.
check the stickies!
can speculate all you want, but ask yourself, what takes the companies accountants and attorneys to finalize and file with the SEC before they can issue a PR on it? Sounds like an 8k to me.
The 8k will have details of something major, and obviously it appears as if its financial. If its financialy, IMO, its funding?
Anybody else want to chime in?
i hope the 10 of us reading this board right now have all that you want, as this news spreads of a pending filing, its game on.
If they filed last Friday, we'll have it tomorrow or Wednesday IMO
I think $20M is possible...reason is, most of that is going to go into infastructure of new buildings and inventory of cars that can all be sold, very little risk to the financier.
but yeah, I'll take any private funding to get this ball rolling
if they do end up with a $50M or $75M line of credit, how Krazy will this be ehh?
if its funding news, I'm guessing $20M. If its not funding news, it still appears to be substantial finaancial news of some sort...
ive got 950k average .035....whoa is me....haha j/k....
3 pennies will be 1 quarter here real soon IMO
EVCA-Awaiting Filings On EDGAR Now
Something has been filed, and must show up before EVCA can PR what it is. It's likely an 8k, but we shall see. This may be the funding.....GL guys, if it is, boom. Even if it isn't, its obviously bigtime news....
EVCA-Awaiting Filings On EDGAR Now
Something has been filed, and must show up before EVCA can PR what it is. It's likely an 8k, but we shall see. This may be the funding.....GL guys, if it is, boom. Even if it isn't, its obviously bigtime news....
full throttle coming later today when word spreads....freaking great information from jack
yup, so something is filed, it usually takes 3-5 biz days for it to show up on EDGAR. Hopefully they filed last Thursday or Friday.
PR should be out this week IMO!
well i'm about to sticky it, so hurry up....I'll give ya 10 minutes...sorry dude, its too big of info.
EVCA-Awaiting Filings On EDGAR Now
Something has been filed, and must show up before EVCA can PR what it is. It's likely an 8k, but we shall see. This may be the funding.....GL guys, if it is, boom. Even if it isn't, its obviously bigtime news....
corrected my math
EVCA To Tap Into $6.7B Pre-Owned Hybrid Market
The COO says pre-owned hybrids, not EV will be the main source of revenue for several years.
Best DD I've Ever Seen-EVCA
1) Fringe said an Alt Fuel Foton product was about to roll out with EVCA on Monday Feb 14th. Wouldn't you know it the very next day that exact same thing was PR'd
2) Fringe says EVCA has multiple offers for financing, and that EVCA wants to do an aggressive 4-month build out of its dealerships
3) Fringe says EVCA is indeed talking to Byd Auto, yes, the one that Buffet has a 10% share in
4) Fringe says actress Hillary Duff will be EVCA's national spokesperson, to be announced possibly in tandem with a movie and useage of EV on the set
5) Fringe says EVCA is negotiating with Magna International to outfit the Foton trucks it will be buying with refuse collectors, street sweepers, etc so EVCA can sell them to cities and states.
6) Believe him or not, its up to you, but the specifics are uncanny. This is the best DD I've ever seen, and he's 1 for 1 so far.....
cool, good luck, great buys