Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I would bet anything on that too pennys! Thats elementary. When a fund or bank buys stock privately through the company its always restricted.
That's a silly question. That's how investment bankers work. They take restricted stock with a warrant some times at 20-30% discount to market value. That fund MOST DEFINITLY recieved restricted stock but that was a long time ago and I'm sure the restriction is off by now. And it is DEFINITLY subject to rule 144 after the lockup came off. If you think I'm wrong please prove me differently. I have also read every filing and I also think what chilli said earlier is wrong. Minted printed issued stock is always restricted. There's no way the company ave them 5mm shares free trading. They were DEFINITLY locked up and pennysrus is right it I friendly money thy is betting on the wave
NO. That 5million shares they got was restricted and now under rule 144 restrictions. If you don't know what that is look it up
You said
Stock Barber i think you are wrong. I dont see any reason why Farkas would want any station that has no benefit to him. I do believe the home stations will pay him a percentage and I will get a solid answer to that question. Regardless though, if you are right, we got roughly 3000 stations that will make money and if u look at the cost of a station these days it can range from 5,000-15,000 dollars a station. If you do the math you can see that we got these stations for roughly $1000 a piece. That is a huge huge discount and i think that alone makes the transaction well worth it.
I think buying $230,000,000 worth of assets with NO LIABILITY (and yes thats correct, NO LIABILITY , and call the company if you dont believe me) for $3,335,000 is beyond a steal. This is a huge come up.
When you say small fraction, it doesnt mean the whole 12,000+ stations. It means a small fraction of the 12,000+ stations. I expect that too! if i werte to buy 12,000 computers for a new office i got to believe a fraction of them will need fixing. this is common and completely fine.
Ditka thats fine but the bottom line is this. Even if we got 3000 stations that will make money at some point, we got them for a fraction of what we can normaly get them for. Bare Bone Charge points go for 5000$ some $10,000+! we purchased the public ones for around $1000 a piece! Thats considered a steal to me. And thats considered a great fundamental move for our company. If you read the news today you can see the transaction is complete.
So your saying they bought 9700 chargers that have NO beneficial interest to CCGI? I HIGHLY DOUBT IT. I bet they get a percentage of the charges used from the home stations. But lets say your right. they got roughly 3300 stations that are other than home charge points. That means they got each charger for less than $1000! Thats pretty cheap for a level 2 charge point when single units go for around $5000 a piece.
That is wrong. I saw AMPE graduate at $2 with no rev and no earnings and they were invited.
I saw a pic with CCGI on the marquee on the corner of the nasdaq last year saying welcome ceo michael farkas on FB. I wouldnt be suprised if he did get invited a while back.
This is fundamentals comming into place. not manipulation. I think its pretty evident based on the major news that was just put out. If JNSH got Ecotality everyone on their side would be jumping up and down like a little kid in a candy shop and thats for sure.
WE GOT 12,000 + MORE STATIONS !!!
A BLIND BAT CAN SEE THIS IS HUGE
Stock Barber, I heard you on there and I think you asked some great questions and I just want to say that I feel better about this company now more than ever
Ecotality was government backed. people make a living shorting government backed stocks because the government seems to always pull the plug.
I believe there are many people out there who will not let this go bankrupt.
It does not matter how much they have to print to get this. I personally dont care one bit. When the electric vehicle wave hits we will own THE GAS STATIONS!!! Over 12,000 stations! Someone once told me that this stock is like owning cheveron before people really knew what cars were and they are dead right. If the wave hits and its almost clear as day it will, we will be the biggest player out there.
IMO
HUGE NEWS!!! CarCharging Successfully Wins Bid to Purchase ECOtality's Blink Assets
http://finance.yahoo.com/news/carcharging-successfully-wins-bid-purchase-195300984.html
MIAMI BEACH, Fla., Oct. 10, 2013 /PRNewswire/ -- Blink Acquisition, a wholly-owned subsidiary of Car Charging Group, Inc. (CCGI) ("CarCharging"), a nationwide provider of convenient electric vehicle (EV) charging services, announced today that it has successfully won the bid to purchase the Blink related assets of ECOtality, a clean electric transportation and storage technology firm.
The assets included in the transaction are all of Blink's inventory, the more than 12,450 installed electric vehicle Level II charging stations, the 110 DC Fast charging stations, and the Blink network, which is the turnkey operating system for EV drivers, commercial businesses, and utilities, that services the Blink stations.
"Since our inception, CarCharging's intent has been to grow our business organically and through acquisitions, and with the purchase of ECOtality's Blink assets, we believe that it will solidify our position as the leader in the electric vehicle charging industry," stated CarCharging's Chief Executive Officer, Michael D. Farkas.
The deal does not include Minit-Charger, which manufactures and distributes fast-charging systems for material handling and airport ground support vehicles; or ETEC LABS, ECOtality's research and testing resource for governments, automotive OEMs and utilities. The transaction is anticipated to close shortly.
About Car Charging Group, Inc.
Car Charging Group, Inc. (CCGI) is a pioneer in nationwide public EV charging services, enabling EV drivers to easily recharge at locations throughout the United States. Headquartered in Miami Beach, FL with offices in San Jose, CA; New York, NY; and Barcelona, Spain; CarCharging's business model is designed to accelerate the adoption of public EV charging services.
CarCharging provides a comprehensive turnkey program to commercial and residential property owners for EV charging services. CarCharging owns and operates the EV charging equipment; pays for all installation, maintenance, and related services; and shares the EV charging revenue with the property owner. Thereby, eliminating capital costs for the property owners, and providing a potential additional stream of revenue.
CarCharging has 87 strategic partnerships across multiple business sectors including multi-family residential and commercial properties, parking garages, shopping malls, retail parking, and municipalities. CarCharging's partners include, but are not limited to Walgreens, Simon Property Group, Equity One, Equity Residential, Forest City, Ace Parking, Central/USA Parking, Icon Parking, Rapid Parking, Parking Concepts, CVS, Related Management, Pennsylvania Turnpike Commission, Pennsylvania Department of Environmental Protection, City of Miami Beach (FL), City of Hollywood (FL), and City of Norwalk (CT), that manage or own a total of over 8 million parking spaces.
CarCharging is committed to creating a robust, feature-rich network for EV charging and is technology agnostic. CarCharging's EV charging network includes equipment manufactured by Aerovironment, ChargePoint, Efacec, General Electric, Nissan, and SemaConnect. The Level II charging stations are compatible with EVs sold in the United States including the Tesla Model S, Nissan LEAF, Chevy Volt, Mitsubishi i-Miev, Toyota Prius Plug-In, Honda Fit EV, and Toyota Rav4 EV, as well as many others scheduled for release in the next few years.
For more information about CarCharging, please visit www.CarCharging.com.
Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Those statements include statements regarding the intent, belief or current expectations of Car Charging Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.
The manufacturer has agreed to ship one unit to GETH to set it up as a working demonstration system at a discount.
Petro needs geth because geth is public and to raise money privately it is very hard. obviously they would dilute but the question is how much.
THIS COMPANY IS A GAME CHANGER
I think shorts will always be negative but those here that are not short and it doesn't been like many,... should Brad. I think everyone on this board seems to want to see this work but most have lost confidence over the years and become very negative which is understandable and I think the bottom line is GETH needs to get the funding for petrosonics. I think Mark said at the end of the conference call that he was close to getting it tied up within 30-60 days. Maybe this is why he hasn't left. I really believe they have been working behind the scene on this and hopefully soon we will hear about what the game plan is. I still think this could be the last deal I do along with many others if petrosonics gets funded and implemented in a refinery with $$ behind it.
I'm in this untill I'm wrong or right but not for a trade.
Stay thirsty
Koren
I don't think frost and Sullivan as well as financial news would give an award for the best refinery invention to anyone without knowing the technology works. I believe it was validated in CITGO. Why don't you call mark and see if you can get the data because I bet he has it.
Chance that statement is completely correct based on my calculations as well. Do the math here. If Cullen gets his technology implemented at a dollar a barrel and we get into a refinery that does 300,000 a day we will make about 151k A DAY to the geth side after his 49% royalty payout. That's 55,115,000$ for geth before taxes a year. Lets say we walk away with 30 mill after taxes in earning and you use a 15 PE means we get a 450million cap. Today's cap at .94 is only 3.65 million. That brings our stock to roughly 120$ a share with one average refinery with a 15 multiple at a dollar a barrel. We get ten of these and it's 1000$ a share. Simple math. The technology has been tested and we know it works we just need mark to get his money and get his pilot open and running because if u heard on the CC we already have a contract with Saudi Arabia and Cameroon Africa pending on a pilot plant. That's why I'm in this because if it gets implemented (Petrosonics) it's stupid big. Check your figures if you don't believe it
I wouldnt give up so soon. I base that beer on the fact that when i watch the level 2 quotes all day i can see noone is willing to sell their shares at the bid much more. seems like anyone who is selling is taking a loss so that means one thing to me. Bottom has hit. now some execution will go a long way i think and at the end of the day im still in this strong and I think Ill make a lot of money with this. If Petrosonics gets funded and implimented theres no telling where the roof is and considering he hasnt walked out after they missed the deadline seems like they got something going on behind the scenes. all my honest oppinion
THERE IS CLEARLY A LAWSUIT MIKE
Its not a bigger sucker theory and Ill tell you how people can invest in a company with 400k in revenues with a 67 milion cap. Its called banking on the future of the EV Industy which I am doing along with many others in this stock. Right now Car charging Group has the most stations on the ground AS WELL AS the most land tied up with lock down agreements that last between 14-21 years. That means NOONE else can put down any stations on car charging groups partners land. What they are doing is solely a land grab at the moment until if/when the EV Wave hits. Companys like Facebook and Linkedin are valued on users as we are spots for stations. They have over 7 million parking spots locked down so no one else in this game can come along and take over the space. When I saw names like Bill Fields and Bill Richardson and Nissan and 350 Green I knew this company had potential to be big. Fields helped Sam Walton Build Walmart! Yes i agree it is very premature and that is why we have minimal revenues but at the end of the day look what will happen 5-10-20 years down the road when there are a lot more electric vehicles in this country. Its plain and simple. Farkas is almost creating a monopoly for the industry and I plan to hold this stock for the next 5-20 years and if Im right this could be the one I pass down to the grand kids one day. What if GE or some big company wanted to completely take over the space? They wouldnt be able to without going through us. Thats why i believe this stock will either be BIG or get bough out at some point and time by a big horse like GE. Yes we are the world leader in the space and one day when the wave hits I think those revenue numbers will be very appealing to the eyeballs on this stock. In the mean time I look forward to seeing the stock get on to a major exchange and into institutional hands. And please i dont want to hear about companys with no revenue cant get on a big board because thats a lie. Ive seen many stocks on a big board with no rev or earnings. There is several criterias we need to hit and I think we have all but share price. I wouldnt play this as a trade, I would play this as an investment and belief in the EV industry becoming big like I do. If im right 5 10 20 years down the road you could be looking back on this day wishing we looked a little harder at this company.
STAY THIRSTY
Koren
That doesnt mean anything because its a startup and the EV wave is not here yet. your just sad your stocks in the gutter trading barely nothing and ours has a real management team and board and above a dollar liquid. I bet she crawls right back to the 2 range
Looks like the bottom has hit. Looking forward to some fundamental execution of both businesses which should take this north IMO
PSON is not the real petrosonics. GETH has a JV partner called Petrosonics that has technology that was validadted by a major refinery CITGO.
This company PSON's global headquarters is an abandoned strip mall.
Do your DD
I Agree with you Brad! Gethfan are you still holding in hopes to recover your $? i think its been a tough road for gary but I do feel he now has the right team in place to make it all happen and I do think we will be seeing some good things soon.
I agree but the reality is that GETH did a 51/49 Joint Venture with Petrosonics. So if the $ commitment to Petro gets met and Petro stays in GETH, GETH will get 51% of the money generated from them. I am betting they meet the commitment by the end of the week and I am also betting that Petrosonics Technology gets commercialized. When i said the numbers give me goose bumps its because they really do. If we do a dollar a barrel and the average refinary does 350,000 barrels a day... you can do the math. Its big and it means the stock will never see a dollar again if it happens. Nothing done untill its done but with the shares I own thats my bet.
Hey Beer, you said "Really, where did you hear or read this?"
I was just responding with the AXVC news i found which shows what CITGO has said after their testing was complete. Also if you talk to Marc Cullen which I have, he has stated all the testing and validation of the Petrosonics Technology was done at CITGO. this is not GETH but it is for the Joint Venture Partner of GETH (Petrosonics). So back to the question what does this mean for geth and why is this good? Because the technology IS real. and when the technology (Petros Technology not GETHs) gets implimented, Mark said on the conference call that they will make between .50-3.00 (Fifty Cents and Three Dollars) a barrel depending on if it is the heavy crude upgrade or the desulpherization technology.
SUPERMAN, yes CITGO Refered to Petrosonics technology and this is good because any money generated from this technology will go to GETHs balance sheet at the end of the day. I believe it is 51%. Also they were talking about possibly spinning off the petrosonics side of the company into its own public company, which was said on the conference call, which could be huge too. if you own one share of geth and then get one more share of petro thats fine with me. I like both sides of the business. The tire to oil side is great and it seems like most on this board are only in this for that but the petro side of the company is big too. The bottom line is this. We Need Execution of the business plan on both fronts. Personally im in it for petro but i like the geth side as well. If either come to surface I think us "bag holders" will be VERY happy.
Axial Vector Energy Corp. (AXVC.PK) Petro-AVEC JV Working to Distribute Patented Technology Worldwide
Axial Vector Energy (AXVC.PK) was pleased to announce recently that its wholly-owned subsidiary, AVEC Acquisitions Corporation, and Petrosonics LLC have entered into a joint venture agreement. Petro-AVEC, the official name of the new joint venture, will bring key members from both companies together in an effort to develop, finance, and market Petrosonics’ sulfur removal technology worldwide.
Petrosonics has developed a technology that increases the amount of refined product extracted from a barrel of oil. With a moderate temperature and atmospheric pressurized environment, a high-powered ultrasound is used to reduce the amount of sulfur, nitrogen, and trace metals typically found in petroleum. The process increases API (American Petroleum Institute) gravity and volume while reducing oil density and hydrogen loss. The process renders more usable refined end-product than traditional methods and even turns “sour oil” into a less sour product.
Dr. Mark Cullen, founder of Petrosonics, has been the driving force for refining the technology. Cullen initially presented the process at the National Petrochemical Refiners meeting in 2001 and afterwards he continued to work on the process. Cullen went forward and filed a US patent application for the technology on April 4, 2003.
Cullen was definitely on the right track as CITGO entered onto the scene and evaluated the technology between April 2001 and June 2003. CITGO concluded that the technology would “be efficacious for cost effectively removing sulfur and nitrogen from refined oil products and compatible with all the world’s major refiners” and would “be highly useful for desulfurizing and upgrading heavy oil and crude by changing the API.”
Currently, Petrosonics owns all the essential intellectual property associated with the innovative refining process. The company already holds a number of patents, included several key European patents awarded just this year, as well as over 1,500 pending claims. Additionally, a third party team has tested and confirmed the efficacy and cost benefits associated with the ultrasound assisted oxidative desulphurization process.
Petrosonics is currently in negotiations with a major U.S. based oil company and with Ecopetrol, the national oil company of Colombia. With the tremendous positive response to the technology, the Petro-AVEC joint venture should be able to meet the market demand and get the technology out to refiners worldwide.
http://www.siliconinvestor.com/readmsgs.aspx?subjectid=55839&msgnum=88&batchsize=10&batchtype=Previous
It is the 10th and If petros 2mm gets met by then, they should have another 4 months to get him the next ten million. The way I look at thins is If petro stays in GETH and gets commercialized it could be the biggest deal ever based on those numbers. I think even if they get the 10 mill through an investment banker thats fine with me! I would rather dilute the stock 10-20mm shares and give petro money to keep it in the deal because if it works and we know it does because CITGO tested the technology, its mind blowing big. SO.. Lets get the $ to mark and get this going!
If you think you need revenues and earnings to be listed you are wrong. Especialy if you are invited. I have seen a picture of Car Charging on the corner marquee of the NASDAQ about a year ago. Look at AMPE. they are listed and have yet to make a single dollar. I am pretty sure its Assets and board members and stock price. I think if stock is above 2 if invited and if not its above 4. Either way you dont need to have revenue and earnings to be listed and thats a FACT
I have followed CAA on every stock they have represented. I have made more money following their stocks than any job ive ever had.
What people write about them is completely irrelevant to me, I know everyone at the firm and I know they are all great people. Plus what does it matter when they get signed up and stock spikes? Dont mix emotions with money making
Bids have been picking up.. I bet management has a plan here
Bids have been picking up.. I bet management has a plan here
To JNS - this stock might not be liked by you but please let the ones who do like this stock enjoy reading articles like that. We enjoy the press and we believe it is informative. We know what the balance sheet looks like. I think everyone has gone through it. We understand the risk in this stock. I don't see why it has to be a competition between our two company's. I personally wish I could just give you the Chicago grant so there wouldn't be so much negativity from you all. I'm not in it for Chicago. I like this because all the partners and spaces CCGI has that are locked down for 15-21 years. I know it's a land grab an I know there's not much $ generated but I think when the wave hits, and it looks very much like it will, this company will be one of the few remaining EV charging company's out there. I hope JNS makes it too! Really, no emotions with me. Look at the people on board. Sure big salaries that us shareholders pay for but look what they have built before. Bill Fields is a monster. I bet the team they have will build the company and potentially sell it to a big dog or run the space one day. Plus I'm extremely pleased how the stock has been doing. I really hope yours does too and I even think I might get in yours soon too so PLEASE PLEASE everyone lets try to keep it friendly around here.
Thank you