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this doesn't even need news right now IMO, the Golden Cross next week is enough for a blast.
Jack has told many of us news is coming soon, as early as early next week, just have to wait and see.
There are over 2M hybrid cars registered and on U.S roads at the moment, and increasing by about 1000-1200 per day. The majority of these will be showing up used one day on sales lots. EVCA plans to be the market leader in used hybrid sales starting later this year. Folks, do some DD.
http://www.afdc.energy.gov/afdc/data/docs/hev_sales.xls
EVCA is going to have plenty of new models showing up used on its lots, another reason why their plan is about to get financed.
http://www.afdc.energy.gov/afdc/data/docs/afv_models_oem.xls
Regarding the used car market
http://en.wikipedia.org/wiki/Used_car
40M+ used cars sold/year in the U.S. vs. only 10M new (in 2010).
EVCA will be selling used hybrids as its main revenue stream for a few years according the COO.
Currently, hybrids are 3% of the new car market, or roughly 300k cars/year.
This will surely translate into 3% of the used market too, or roughly 1.2M cars/year.
On Carmax's website, used hybrids average about 17K/car.
That puts the used hybrid market potential at $20B USD annually, so this is the market EVCA is getting into.
Used cars are the largest segment of the retail American economy valued at $370B total, unreal.
If EVCA can get only 1% of the used hybrid market, that is 12,000 cars sold/year and 200M in rev, and that is just from used hybrids.
You guys starting to understand the potential that is there? This is why they WILL get funded ASAP.
Good afternoon. Been traveling. I just read about 50 bashing posts on EVCA this morning? Are you kidding me?
Obviously waiting on news, at .03 the market cap here is about $2M LOL.
As has been discussed, their plans for 4 dealerships and the amount of cars they want to start selling gives up to about $30M of net worth for the stock.
To say this is undervalued is an understatment IMO.
I took Carmax 18 years to build the 103 stores it has now and it only had 1 store for many years at the start, with EVCA rolling out with 4 stores, its very aggresive, and obviously requires major support by a financier. Its not going to take $100M to do it, but $10-20M IMO, and of course, as we know, small caps get $10-20M all of the time.
One great financier is Dutchess Capital among many others.
Wait for the news, or don't...
http://dutchesscapital.com/select_deals
facts only, refer to my last post. hybrid batteries are good for the life of the car.
sure, if one gets broken its just like a transmission...
you are one of many who sold for a loss, it happens.
is that your opinion. we do facts around her bro. hybrid batteries last the life of the car, and get a warranty for 8 to 10 years. expectancy is 150,000 to 200,000 miles.
yeah, if your transmission goes out, its a big cost too.
do you realize that EVCA is going to do full service on hybrids/EV whereas Carmax does no service on any of the cars it sells? EVCA could be the market leader in used hybrid sales bro.
http://www.hybridcars.com/cars.html
And, used hybrids are all over the place, Carmax alone has hundreds listed on its site right now, Autotrader has thousands, cars dot com same thing.
You sold at a loss, and then bash with no facts..GL
hybrid electric models are exploding, boom for EVCA IMO
http://www.afdc.energy.gov/afdc/data/docs/afv_models_oem.xls
As we know, EVCA is going to be a superstore for used hybrids and new EV. Ask the COO yourself, you will see Prius's to used Porsche and Lexus's on EVCA lots, definitely not the new hybrid Bentley though..LOL
I'll have a full DD post tomorrow, traveling rest of today, San Diego to Chicago this afternoon.
I've never seen so many Prius's on the road as I've seen this week on my ski vacation in California...Krazy folks
Regarding the used car market
http://en.wikipedia.org/wiki/Used_car
40M+ used cars sold/year in the U.S. vs. only 10M new (in 2010).
EVCA will be selling used hybrids as its main revenue stream for a few years according the COO.
Currently, hybrids are 3% of the new car market, or roughly 300k cars/year.
This will surely translate into 3% of the used market too, or roughly 1.2M cars/year.
On Carmax's website, used hybrids average about 17K/car.
That puts the used hybrid market potential at $20B USD annually, so this is the market EVCA is getting into.
Used cars are the largest segment of the retail American economy valued at $370B total, unreal.
If EVCA can get only 1% of the used hybrid market, that is 12,000 cars sold/year and 200M in rev, and that is just from used hybrids.
You guys starting to understand the potential that is there? This is why they WILL get funded ASAP.
welcome, 3 pennies will be 3 dimes soon my friend
.04 today with no news can happen, there is little to no float on the ask at all.
True. People going to have to get in as the coming news appears to be sizable. Its hard to buy more than 25k shares withouth chasing.
Jack Eversull DD & PR
Yes, standard 3 suites EVCA well. Will take a $50M market cap.
AMEX is the goal, no time table set
Which matches the CEO incentives:
http://dallas.citybizlist.com/16/2010/12/26/Evcarco-Names-Industry-Veteran-Mack-Sanders-as-CEO--cbl.aspx
72M O/S 25M Float, 180M A/S, 15M Class A, 20M Class B
Thats what I keep saying, it's hard to turn the sentiment around when the majority do 0 research or make any contacts.
Those are the people who likely don't make any money at all.
Still don't get it...small caps get funding all of the time, its not a big deal man. Whether its the news pending or not, who cares....
What's more vital is that they plan to do something with the money, like start a national chain of dealerships.
Sounds good to me when you consider they will be hedged, selling new EV, used hybrids, and CNG. Whatever is hottest at the moment will drive revs, right now it'll be used hybrids.
Hybrids are roughly 3% of car biz, sounds terrible, but 40M used cars are sold each year in the U.S. You're looking at a 1.2M car/year biz, average car is roughly 20K, so a $24B biz.
What else do you want from a penny stock LOL
wait a second, what research have you done/posted here, would love to hear it.
not sure what you mean, looking for 100% correct info around here. Have you talked to Jack? Let me ask you this, what if it is funding news?
Thanks, yes 3 of us have now confirmed a PR is on the way
OK. I just wanted to clarify, you could read the same email as me, or email him yourself.
It very well may be about funding, I 100% double checked to get his thoughts he said "you'll have to wait"
Coming PR, Email Clarification
I double checked with Jack, the content of the coming PR may or may not be about financing. They are hoping to have it early next week.
Also, Jack is not aware of any NDA's, you have to ask the COO if interested at scott@evcarco.com
The Foton contract is worth the financing alone IMO
Email Jack, and post the reply here, thanks.
Did you miss the 2 questions I had? 1) Funding 2) NDA's
email him yourself, there have been about 10 of us who he has told they have multiple offers they are going over, and expect info soon....
OK, sounds good then!
risky,? I confirmed coming soon on a financing PR, if you DD'd Mon or Tue please share thanks.
you'd have to ask Scott O Neal about that, Jack does not know. Who cares, the DD checks out and financing is imminent.
Financing PR confirmed, we know small caps get funding all of the time, no surprises here. I like the first step goal of selling 140 cars/quarter.
i told all of you guys, they are about to do a LOI PR on fiancing, coming soon. The other key part is that they plan to sell a good amount of vehicles, about 140 total per quarter at around 20K/car or up to $3M rev/quarter which is $12M/year for a run rate, and that is just for this year.
well it went from .01 to .11 with ease, .0173 to .20 will be just as easy, considering, major news is definitevely pending, and, with the announcment of plans to build 4 dealerships there is value here.
This is a $20-30M stock, no doubt IMO
super thin ask fractured
someone sell a share so this upticks...lol are you guys kidding me...wow who does not see the potential here, the dd is spot on just because the 2 main people with most of the original info cannot talk about it anymore does not mean it is not real....
originally had 400k, but added 500k from .05 down to .0195 now...Krazy with a capital K.
All of the DD checks here, its just that the info stopped flowing on this board when the NDA's were signed....
I was glad to see EVCA publicly state their 12 month plan of 4 dealerships on Monday, that is big time info.
added .0195 today, I have 900k now ;)
great post!
no, australian, and his group knew about the financing as well, but when the PR on it did not come out 2 weeks ago his group sold.
EVCA keeps getting better offers, so no PR or LOI or 8k just yet, but soon. Really any time is possible.
not really, seems like a sharedholer from weeks ago who was wondering about dilution.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60463725