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Correct I have been mentioning the EV monthly scoreboard for some time now mentioning EV sales were down 6% from 2014. But why am I not suppose d it once never discussed. All we hear is it's going to be parabolic. But as we know nothing negative can be mention. Everything is spun as a good thing. Just as NRG pulling out of the charging business. Funny when I started following this POS 2.5 years ago I was told the charging network was the big kahuna. Remember Chicago was in a top ten city LMAO.
Why would someone make an excuses for the NRG leak back in 2014. According to my sources some investors were aware of the agreement two weeks before the press release. We even have a poster documented the knowledge of the agreement. All the promotors knew about it and plenty of people made money on the NRG leak. Is it ok to trade on insider information and make money on it????? Is there something that goes along with that???? Parties involved???? Funny we talk about this because I seem to remember the hype at the time of the leak and how great a partnership was. Now NRG pulls out and sells off because they are loosing money. Just so funny. But nothing is ever wrong with this POS as always. But seriously, who would be making excuses for this leak?????
No slam dunk here Some are tired of the same pumping B/S after loosing thousands. Some bought at .02, some .01. The POS had a 500% run, It is over. The S/P is too high to start another. Like being the last Japanese soldier from ww2 they found on an island in the 70's. applies to any continuation of the last pump . it is over. JNSH is a POS. small time electrical contracting company with a turd charging network. Even whenever it runs the traders take it down. At this price only the 2 min traders can make money. I might also add to newer traders that don't know about the NRG leak. Not good IMO. You can not just erase this stuff. How many made money on?????? How many knew about it????? How many lost money on it???? I would be pissed. Which company did it come from?????
Nope, they were rumors that must have started somewhere. Because considering by no means the lawsuit frivolous, (Which no one can deny) can an award of that sum be expected or expected that The defendant would have to settle right away. On the last pump, traders were expecting millions on the 17th. But the pros were all out a week before. No one can deny that it wasn't a rumor. Where it came from I can only speculate. Many good people lost money. Quite frankly it hurts me to see people getting taken by these pinkies.
It seems that all the friends/insiders that the company sold shares at .0008 to raise 16k and sold off their shares like drunken sailors at whatever price they could get right away, probably weren't aware of the multimillion dollar settlements the flippers speak of. It seems they would or should have a better relation, right? If that is not red flag I am not sure what is. They surely aren't on the same page as the flippers.
All the friends/insiders that the company sold .0008 shares to raise 16k were probably aware of what was going on with NRG...... And they sold like drunken sailors for whatever price they could get. ....
all anunnaki's opinion.
According to the chart. EV sales in Chicago are in the top 5 WORST out of 25 cities. Their Market share is .03% So all the articles we have been reading stating EV's Have failed miserably in Chicago is true. Maybe it is the -5 degree winters. In a place like SF it command a 6% market share. That must be taken into consideration when we follow the EV monthly scoreboard. Chicago will always have lower sales. (note the chart is from 2014 but EV sales has rising only 2/10 ths of s percent since)
A .03% market shares means that out of every thousand cars sold in Chicago, only 3 are EV's. These EV 's have their own private charging stations. Which explains why JNSH's public chargers are rarely used. They are probably only used at popular places as parking spots. Going to whole foods and there is no parking? just plug into a public charger and park two hours for 3 bucks. These are probably the only chargers that get any use. I calculated that the numbers that JNSH provided earlier this year of 911 sessions per month at an average time of 2.31 hours comes out to maybe an average of a half hour of use a day per charger. Just guesses here, I am not sure how many chargers there are. Here you have a lousy business model. A sector that isn't doing well in a particular city, a business that is rarely used and makes virtually no money.
The value of the network is probably worth 100k tops if they could find a buyer. NRG selling off it's chargers because they were losing money is a wake up call. If anyone, they knew the future. That brings us to the lawsuit. What sort of damages can they expect if the Network isn't generating money?
So we now know the network is worthless and the settlement that would get millions would be a fraction if anything. CCGI probably has their lawyers on retainer and can drag this out for years if they are asked to pay anything. The only thing left is the electrical contracting business. The net revenue generated is a fraction of the gross. That is the way small mom and pop businesses operate. We would do the same. In fact I would take even more money. I would rather pass on my profits with my family and workers and have the flexibility to have more competitive bids.
Now to crunch some numbers. Given the data we have of growth and projected growth in the EV sector in Chicago, the lack of usage and revenue. The network may be worth 100k.
The electrical contracting business would probably be valued at about the same if sold. Because that is probably what it would cost any electrician to start up a business from scratch. Lease trucks, rent and equipment and just bid on jobs. That would make fair value for JNSH at about .001.
(potential dilution can drag it lower)
as always anunnaki's opinion.
http://www.greencarreports.com/news/1099636_what-cities-have-most-electric-cars-in-the-u-s
Can someone sticky this post.
NRG publicly stated the EV charging division was losing money. It doesn't sound like it was worth much. Not rocket science here. Lot's of people making money. Car makers and charger makers. Just not public charging.
What kind of revenue do you think JNSH's network is generating based on the CEO's numbers?
What will rise faster EV adoption or JNSH dilution. So far dilution is winning according to plugshare and JNSH filings.
What is there to laugh about. The company issued shares at .0008 to raise 16K . Where are all these millions of revenue going. 45K NET FOR A QUATER ISN'T THAT MUCH FOR A PUBLICLY TRADED COMPANY.
What ever happened to the CEO's other public charging company with 5 billion shares?
NRG publicly stating that their EV charging division was a loser and the Demand that the NIKOLA hybrid truck has received is about as clear of a warning sign that this is not a long term investment. With the right price and promoters it can be a good short term though. If this were in the trips it could be the darling of turd street IMO.
Shareholders and traders give a crap. Some bought into this POS because they thought the network was worth millions. Now we find they don't seem to be making that much money if any. And the growth of the industry is lethargic. The market cap needs to be reflect it. Traders are supposed to buy low. If the Network is worth 100K and the contracting business is worth 100k that would mean that the current S/P is way overvalued. This should be in the teens and possible trips IMO.
Oh, we know they were bought out and by who. We also know why.
This links puts them far below 10th and a Market share of .01-.02%
But what difference does it make if there is no money in public charging
http://www.greencarreports.com/news/1099636_what-cities-have-most-electric-cars-in-the-u-s
I am not sure if you are aware but, NRG just got out of the EV charging business, There is no money in it. HENCE NO VALUE. What sort of monies would be expected from a lawsuit,
I agree they should focus on the contracting business. At least that is making a profit. I think shareholders should make a demand on the BOD to lower the CEO's pay because the contracting business is making the net revenue of two hot dog stands. There are people right now with their fingers on the trigger waiting to sell on any settlement news. Buy on the rumor, sell on the news. That is what traders do. No real value here.
as always anunnaki's opinion
Top 10 Cities For Electric Vehicles In The US Shown In New Infographic.
ELECTRIC VEHICLES STILL FLATTER TO DECEIVE
Millions of contracting work that results in hot dog revenue LMAO . Issuing shares at .0008 to raise 16k. Do you know what the CEO makes. I am sure he will collect a small salary so that the shareholders will get millions. Settlement millions for what????? How much revenue was list. GLTU. My trader friend is loving this.
I never said that money can not be made on JNSH. I just maintain it is a trading stock. Like all other POS pinkies. If any company wants to be considered otherwise they would up list. As a case in point, I have a friend that told me last week he flipped this POS nearly ten times and is making money hand over fist. Just 6 months ago he told me he at 5. Now on the other hand I have a neighbor that has done to opposite. He has held this POS for three years and has been adding thinking this was an investment. I am embarrassed to say the amount. My trader friend has the right idea. When promoters show up and talk about multi million dollar settlements and parabolic growth you know it's time to flip.
CCGI is another overpriced POS, long term I think EV's will grow at 10-20 percent until 2020, then sales will start to slide. If the success of the Nikolai hybrid truck isn't a wake up call that EV's are not a replacement for fossil fuel I don't know what is. But jNSH and CCGI have many differences so it really is hard to compare. CCGI operates close to 6,000 charging stations, many level 3 . So that means that if JNSH has 150 (no one seems to know the exact amount I wonder why) that would mean they have 40x more chargers than JNSH. By those metrics JNSH is overpriced. But JNSH has the electrical contracting buisness that generates the revenue of a few hot dog stands. Between network cost and maintenance we don't even know if JNSH's network is making money because their filing are not as detailed as CCGI's. Also many if CCGI's chargers are in parking complex's where the people that own EV's actually charge. JNSH's public network was created to usher in EV's and to be used as a back up. Essentially it was a network that was designed not to be used. The numbers JNSH posted pretty much confirms that. CCGI has a different investor base and I think this makes a big difference. They have institution investors and as you can see by their activity not many traders. JNSH on the other hand has mostly traders. Traders are not investors and will always sell whenever profits come. Preventing any true rise in S/P. That is what they do.
Tipping point LMAO, good thing we have non biased metrics like EV monthly scorecard to track the lethargic growth and plug share to track all the thousands of private chargers that have no use for JNSH public chargers to counter all the flipper talk.
I hear a waffle truck makes more money than JNSH. How many hot dog stands does it take to make 45k in a quarter. Answer probably 1 to 3. What a joke no wonder the need to dilute shares at .0008 to raise 16k.
Actually the math i was referring teo was hiw many hour a a charge gets ised and at was price. based on JNSH's PR earlier this year. As per the JNSH PR a usage of 911 sessions a month at an average of 2.31 hours per session.
That comes out to 75 hours a day of use. Between just how many chargers???? At 2 dollars an hour that would make 150 dollars day. Any Chicago hotdog stand can make that in an hour. If they had 150 chargers that would mean each charger was used a half hour each day. Does anyone get different numbers.??????? How many people would buy this POS if if the knew the chargers were getting used a half hour a day????
Chargepoint will make money, Tesla will make money and public charging will continue to be public charging. There is no money in public charging.
When is this parabolic growth suppose to happen. Look at the EV monthly scoreboard. No Major growth going on. If no one uses the public chargers what difference would it make for JNSH. How will these longer ranges affect public charging. The longer the ranges, the longer the charging time OUCH, LOSE LOSE FOR PUBLIC CHARGING. Parabolic growth LMAO right I remember the Gov't missing its numbers by two thirds last time.
How are EV's doing in the trucking end.... Parabolic LMAO.
Funny no one talks about how great EV's are to own.
Like owning a TURD.....
At a .07 percent maket share, if sales soar maybe they can achieve a .2 percent in 4 years.
But what difference would it make if public charging is rarely used. Free is a tough competitor,
What will be the A/S in 4 years??????
With 45K a quarter in revenue, imagine how much they would need to dilute if they ever wanted to expand the network???????? Does anyone hear any talks of expansion?????????
We are told here that the debt was paid by dilution. 45K for a publicly traded company is a disgrace. Especially if it is an already existing business. Keep in mind these numbers are from 3 different businesses. Maybe they are making lot's of money but the CEO just pays himself handsomely??????
If you are awaiting multimillion dollar settlement I guess is what you mean. You will be disappointed. The network isn't even worth that. Those numbers are flipper talk. This is a pinky, remember. Have you ever wondered why the company never breaks out numbers of what the network is making. The lost revenue was probably 20-40k. I am just guessing. If the amount would be substantial CCGI probably wouldn't pay out anyway..... But I am sure the flippers will be gone.
Public charging is there to relieve range anxiety. The vast majority own their own chargers or have access to chargers at work or parking complex's. Tesla owners use level 3 chargers. they have big batteries with their longer ranges. It would take 4 hours to charge one with a level two. Level 3 public charging they say isn't profitable either because of the high cost and maintenance fees. As newer models are coming out with longer ranges look for less need for public charging. Look at plugshare and type Chicago and zoom up. There are thousands of chargers out there already, mostly private. Growth in this sector is hard because the ROI on charging isn't good. That is why they were able to acquire the network for a fraction of the cost. Likewise that what they can sell it for. I think the big question here is what rises faster, the growth of the industry or the A/S.
We are talking mom and pop revenues. Nothing to brag about. This is trading stock. IMO it needs to go down more before a run can be made. Sort like last time.....
The only good pinks are the ones that up list. All others are all the same, trading stocks.
Trade away, the pros here left one week before the anticipated multimillion dollar settlement some were expecting on may 17.
ALL imo.
By the looks of the last court filing, looks like we will know by 6/30/16 if CCGI wants to pay anything...... Status hearing set for 9/7/16. Looks like this one is set to drag out already. Who in their right minds think CCGI is going to pony up millions..... I hate to say this...... JNSH shareholders LMAO...... The award is already factored into the S/P.......... remember where the S/P was before the multi million dollar settlement announcement and fluff press releases.
Great, they issue a "we are still in business PR". Why is everyone so surprised they have work. They made a whole 45k in the last quarter with 3 businesses. This is too funny.