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yup, they are waiting for accountants and attorneys to finalize, no big deal.
dude, sell, and let it go, stop repeating on here please.
wait, what B.S. are you talking about? like when on Friday Feb 25th he emailed my they were looking to open 4 dealerships within 12 months, and then on Monday Feb 28th the CEO went on record saying 4 dealerships within 12 months.
If you don't believe IR, just sell. A huge PR is about here, but yeah u have to wait to get it.
u should definitely sell then, thanks. please stop bashing EVCA IR, everything Jack Eversull has said, has come true.
just drop off your shares....there are numerous PR's that will hit, this one coming requires some finalization first...
email jack
no Taki, the PR is coming soon, possibly by today or tomorrow, but possibly not.
either way, a PR is coming, and we've found it requires accountants and attorneys to finalize.
We are waiting on them to finish before it comes out.
Who knows what the PR is, but it sounds like an 8k is being readied to me, and it sounds like funding.
We shall see, but you do not want to be out of this stock if its funding news that comes.
It'l be in the .20s fast after that.
25 Bagger Calls at EVCA
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60639677
25 Bagger Calls at EVCA
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60639677
EVCA showroom looks nice....
go to 3:00 and watch from there, its a video from a year ago or so, and that CEO is gone, but who cares
I agree, it seems like a funding PR is on the way, but we just have to wait and see. I would not be out of this stock though before a funding PR is announced, as depending on how good it is will really set this one for a run.
I'm thinking it'll be an equity line of credit. Lets see how much the credit is for...we know they want $100M, but if they can get even $20M I'd be very happy for all.
excellent work, they are trying hard to get a PR out this week, but, even if not, it will be soon. I'm long so I don't care.
This is going much higher than .03
1) yes, the COO Scott O Neal told me directly the Class B preferred that were created on 2/10/11 were created for the funding, you can ask him directly at scott@evcarco.com
2) yes, those price points were set as an incentive to get the company to a much higher PPS. If they recieve the needed funding, most of those PPS targets will be easily surpassed, and the CEO will make out like a bandit. The reason why the CEO, Mack Sanders, is such a huge score for EVCA and was hired in December 2010 to replace the old CEO, is because he brings with him all of his contacts/distributors/friends in the car biz, which basically covers anything related to cars in the entire southern U.S. They hired him for his Rolodex. He really doesn't need to do anything, except to provide for a way to aquire used hybrids at wholsale and be able to distribute them to EVCA's car lots so they can keep the lots full of cars. Also, his distributor friends can move the EV and Foton CNG that EVCA will be selling cheaply across the country too.
Regarding the 6 month PPS target of .70
EVCA is getting non-paid promotion of .70 calls, which of course, is interesting.
http://ih.advfn.com/p.php?pid=nmona&article=46512588
No way....we know PR is coming, a funding PR has been hinted, and just Friday I learned that accountants and attorneys have to finanlize before the PR can be released. Check the top sticky.
Whatever the PR is, it requires accountants and attorneys, there is zero reason to sell any shares, but rather buy.
The PR could hit at any time, may take all week, or longer.
Who cares, EVCA has multiple major things it may PR, we shall see what this one is, and there will more coming after this one too.
Used Hybrid Market ~$578M/year And Growing
1) 254M registered passenger vehicles in the U.S.
2) 40M passenger vehicles or 15.8% are sold as used/year in the U.S.
3) Of the 254M registered passenger vehicles, ~2.5M are hybrids, of which ~34,000 are sold as used/year or about 95/day
4) The average used hybrid sells for ~$17,000, so $17,000 x 34,000 cars = $578M
5) The new hybrid market is expected to grow from 350k units year now, to 900k units/year in 2015, and possibly 1.8M units/year in 2020. This would about double the used hybrid market by 2015 and quadruple it in 2020 to a $2B/year business.
In conclusion, the used hybrid market is roughly 95 units/day right now, and will likely become about 200 units day in 2015 and 400 units/day in 2020. What market share can EVCA get? If they can get 10% market share, that's about 10 units/day right now, and would grow to 40 units day in 2020. Thats a yearly revenue of $62M if they can tap into the current used hybrid market and $248M in 2020. EVCA plans to open 4 dealerships within 12 months, could they do 10 units/day or roughly 2.5 units/day at each store? I say yes. That is a yearly revenue run rate of $62M/year. Even if the 4 stores come in at half of that, and the revenue run rate is $31M/year just from this segment, that is still good for about 10% net profit or $3M, use PE 20 get EVCA value of $60M then. Of course, the PE would likely be higher due to rapid growth, maybe a market cap of $100M or so. Keep in mind, while used hybrids will be their main source of revenue for several years, its not the only revenue they will have.
http://www.hybridcars.com/news/expert-expect-more-100-hybrid-and-ev-models-us-2015-28579.html
Yup, look, its going to happen. Just hold on, .03 turns into .20+ easily here.
hell, if they get like 50M in funding, this will go to .50 easily maybe 1.00
If I were u guys I would hit the main boards with post
16403
Its a sign of something big, talk to you guys later
Frankly, I don't care personally about the EV market for them. I like the used hybrid market. Its growing rapidly, and it will be their main revenue, at least for several years.
But EV will expand too, not as fast as hybrids though.
yup jack is great, he will tell you only what he can though.
PR is pending. Fact
The PR requires accountants and attorneys to finish some work before the PR can be released. Fact
EVCA wants to roll out 4 dealerships within 12 months. Fact
EVCA needs money. Fact
EVCA created class B preferred shares 3 weeks ago strictly for funding. Fact
I'm guessing its funding news, to each his own. If its not, then its other information. Its all good, and certainly EVCA should be more than 2M in market cap IMO
no, I'm saying you should, and report back pronto...thanks
I'll say IMO no way. But I'm saying 75% chance IMO its funding news.
If its not, its something else obviously, the plan here is moving forward...
you are correct, but the pending PR appears to be funding news, not a new partner.
of course I'm bullish.....
when is the last time you contacted the company for info?
I posted Jacks response to my ?
why don't you email him and ask your?
what? LOL
excuse me, who are you? I never said Thursday or Friday. Earlier in the week Jack told me PR was coming soon in response to a funding question of mine. When I posted it here people asked me to double check. I did, and Jack said we'd have to wait for the PR to find out 100% of it was financial.
I then asked Jack today on timing of the PR, and he wrote accountants and attorneys are working on it.
What the hell does that mean to you? To me it means an 8k along with PR. It may not mean that to you, and no, I am not saying 100% that the PR coming is funding, but it seems that way.
No matter what, PR is coming to EVCA, and it needs attorneys and accountants. Do whatever you want with that info, my gig, give me a break, I own 950,000 shares after today .
wow they closed it on a 5k short sale..haha
they are in trouble IMO> the new info sticked up top is very very good.
my slaps keep get bid fills
nickel plus .01....easy
the funding is likely worth much more than the current market cap...Krazy
Quarter - 5.67 grams so my 1M will be 5,670,000 grams or 5670 kg or 12,000 pounds....haha 6 tons of quarters...wow i've never thought of it like that before.
I imagine that is about a truck load...
I actually want 1M quarters,, wonder what that would look like?
3 pennies to become dimes and then quarters man on the new info IMO
I'm going to add 100K more by end of today, make mine a cool 1M shares...this, is unreal
its virtually guaranteed now that it is financial news, he's given so many hints, but we shall see. I expect it next week, at least he said so earlier this week.
If the attorneys and accountants move slower though, it could take til end of next week or later.
Who cares, they are building 4 new dealerships, this stock is a steal.
$2M market cap right now.
Like I said before, funding for these types of small caps happens all of the time. One good source is the Dutchess Opportunity Fund.
http://dutchesscapital.com/select_deals
considering they created the Class B preferred a month ago specifically for financing...you got it! points to huge funding news, but we have to wait until they can file an 8k looks like.
EVCA News Pending Accountants & Attorneys
Points toward the big financial news, but we shall see! Comments/questions/concerns on this info? To the astute, it appears as if an 8k is being readied...
Re: scott@evcarco.com?
To see messages related to this one, group messages by conversation.
2:11 PM
Hide details Jack Eversull Jack Eversulljack@theeversullgroup.com
Send email
Find email Add to contactsTo xxxx
From: Jack Eversull (jack@theeversullgroup.com)
Sent: Fri 3/04/11 2:11 PM
To: Mark Taylor (xxxx.com)
We have to wait on accountants and attorneys
----- Original Message -----
From: xxxx
To: jack@theeversullgroup.com
Sent: Friday, March 04, 2011 12:32 PM
Subject: RE: scott@evcarco.com
Jack,
Thanks for all that you do. Any updates on the timing of PR? Sounds like next week for all of us information starved folks. We understand there are a lot of wheels in motion here, just trying to keep the bashers away.
Thanks,
xxxx
synth, what are your observations on a chart reversal? it is confirmed ehh? bounce off of 50MA and has been closing over the 200MA.
What day do you see the Golden Cross> I say by next Friday.
Here's why EVCA is going up next week IMO
For Chartists
Golden Cross comes, chart reversal, bounced off of the 50 MA and closes over the 200MA
For Fundamentalists
Potential is huge, stock could be worth $30M on the current known biz plan
For Float Players
Float is tiny, nearly locked, moves fast
For Momos
News pending
so ah, there is nothing on the ask, where's the float? LOL, oh thats right, I alone have 4% of the float...LOL
EVCA FACTS
1) Plan to open 4 new dealerships within 12 months
2) Plan to sell 125 used hybrids and 15 new EV per quarter from their last 10Q (roughly $2.5M/quarter using 17K pricetage for used hybrids and 30k for new EV)
3) Has publicly stated that used hybrids will dominate their sales for several years while EV becomes more established in the country. If EV never takes off, they will still be a superstore for all used hybrids, and be selling CNG to cities/states and businesses who want to cut the cost of fuel by 50%
4) Plans to open 13 dealerships that EVCA will own, these will be the flagship dealerships
5) After establishing 13 flashship dealerships, off franchises around the country
6) They are working on financing to get the first 4 dealerships built ASAP
EVCA Speculation
When the financing is settled and they open the 4 dealerships they are looking at up to $3M/quarter in revenue or $12M/year. Use 10% net profit or $1.2M, use PE 20, get net worth of $24M at least, and that is right now as we are looking forward 6-12 months, of which we know they plan to do this.
COMMENTS/QUESTIONS/CONCERNS?
as we know, they won't be selling many EVs for a long time, EVCA will be a used hybrid superstore before that.
right now about 1200 new hybrids are sold each day, roughly 350k/year. most will end up on used lots, EVCA plans to be the used hybrid market leader.
EV's will be icing on the cake for a few years, also any CNG they sell.