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Any thoughts on the Q3 earnings release?
As long as we are breathing, we are doing better than ZAP :)
As for me, I am continue to watch and wait.
Have my eyes on a few significant players in the EV industry.
btw- Did you see the latest news on TTTM.OB that I posted on the Yahoo board?
Hope you're feeling better and back on your feet. I'm afraid our little ZAP is on life support.
10 Q finally out! Any thoughts?
Has ZAP left the building?
Who dropped that pin I just heard?
Good call! Hats off to you!! When are you planning to buy back in to this scam?
What did you expect?
WOLD:
If you actually take the time to read the entire ZAP Proxy Statement, without dozing off before you get 1/2 way through, you will read alot more detail about this "alleged" r/s that was not mentioned in Steve's watered down CC explanation.
Here is just one little tidbit:
" While the Board expects that a reverse stock split of our Common Stock will increase the market price of our Common Stock, the effect of a reverse split upon the market price of our Common Stock cannot be predicted with any certainty. The market price of our Common Stock is primarily driven by other factors unrelated to the number of shares outstanding, including our current and expected future performance, conditions in the automotive industry and stock market conditions generally. Therefore, it is possible that the per share price of our Common Stock after the reverse split will not rise in proportion to the reduction in the number of shares of our Common Stock outstanding resulting from the reverse stock split, which could cause ZAP to fail to realize the anticipated benefits of the reverse stock split"
http://ih.advfn.com/p.php?pid=nmona&article=47574292
btw- CC was a real "snoozefest", imho. If Priscilla wants to read a condensed SEC report to the public, I suggest she watch "The Kings' Speech" and take notes :)
Reverse split of anywhere from 4:1 to 8:1 is slated to be put to vote June 20th shareholders meeting. Also on the agenda is the increase of the authorized shares from 400,000 to 800,000.
Since Dr. Lu controls more that 57% of the shares I am sure these two issues will be approved.
Don't forget to vote your shares, LOL!
Let's be realistic, it actually is in the "best interests" of certain shareholders.
Unfortunately, those shareholders are not the common shareholders :)
"We believe that seeking shareholder approval of an increase in our authorized capitalization to 800,000,000 shares is in the best interests of our shareholders......."
Probably will approve an increase in authorized capitalization to 800,000 shares before the 8:1 r/s, all in the "best interests of the shareholders" of course :)
". the Board of Directors would like to effect a reverse stock split within a range from a minimum ratio of 4-for-1 shares to a maximum of 8-for-1 shares......"
So at todays' closing price a r/s @ 4:1 would be equal to $2.60 and a r/s@ 8:1 would be worth $5.20
That is an excellent question!!
I am certainly no expert myself but that was an excellent analysis, imo. I agree with you 100%!
I found the part about not being able to sell their products in certain US states or take reservations for the Alias over the internet to be especially interesting. Haven't they been doing exactly that?
Perhaps that would explain why the number of US ZAP dealerships has dwindled by more than 50% from "over 50" in 2010 to 24?
btw- Since ZAPJonway can only "manufacture the SUV products for which Zhejiang UFO has manufacturing permits or licenses", how does that apply to the manufacturing of the ZAPJonway Alias?
Welcome, it sure has been a long haul hasn't it?
Did you happen to read the entire EDGAR filing?
What was your impression/interpretation/opinion of the 10K?
Does anyone here think we will see the dealyed 10-k today?
Just trying to keep the light shining guys :)
riz:
Randall Waldman didn't do it, Mitch McConnell couldn't do it, Eqbal Yousuf didn't do it either. Gary Dodd hasn't done it, neither did Albert Lam or Pang Qingnian. The Automotive X-Prize failed to do it and neither did Congresswoman Lynn Woolsey.
President Obama won't do it, so what do you think it's going to take?
China's Guangdong Province Pulls Out All the Stops in EV Initiative
http://www.renewableenergyworld.com/rea/news/article/2011/04/chinas-guangdong-province-pulls-out-all-the-stops-in-ev-initiative
It's "do or die" time,imo.
Glad someone is still here to keep me company:)
ZAP has been like a cat with 9 lives in the past.
Maybe there is one more life left?
Knock! Knock!
Anybody still here????? Or did you all leave when you saw the "pro-forma" financials?
Financials Released!!!!
It took an additional 71 days for this????
Can't wait to see the NT-10K !
Notification that Annual Report will be submitted late (NT 10-K):
Does this buy William Hartman another 15 days to produce the alreaady overdue audit results?
Is the shareholders' meeting going to be held in the US or China?
I am the one who should be apologizing......
It seems that waiting 71 days for the final audit has made me somewhat hasty in my rush to judgement.
I simply wish we would be given the facts of the matter instead of more "pie in the sky promises".
It's not your fault that all this company seems to produce these days is more lack lustre PRs.
I really believed in this company just like you still do. I just no longer believe in the managments' ability ton act in the best interest of anyone but themselves.
I would never suggest that you or anyone else make an investment decision based on the advice of a poster on any mesageboard. Read the SEC filings on EDGAR. Read the 8K filed on January 25, 2011 and pay close attention to Exhibits 10.1, 10.2, 10.3, 10.4, 10.5 and 10.6. I think you will find your answer.
Justin Kuepper and the OTCInvestor should concentrate their efforts on releasing positive PRs for their own parent company, Accelerize Media (ACLZ.OB)
ACLZ.OB is currently trading @ .38, down more than 40% since 2/23/11 when it was trading at .64.
Believe it or not, 1 share of ZAP is currently worth 100% of the value of 1 share of ACLZ.OB
If ZAP needs the help of such a "penny anty" PR firm that can't even get it's own pps above $1.00, what are the chances that anything they say about ZAP will have any significant impact?
So please.....no offense, stop posting all of those paid OTCInvestor PRs on this website or I will have no other choice but to delete them as fast as you can post them .
This is one of the most objective investor messageboards that I have experienced, so as the assistant moderator, I am determined to keep it that way :)
btw- You can post whatever you would like on the Yahoo ZAP messageboard where they would welcome any and all contributions.
Al Yousuf Group has been around long enough to know how the game is played. They still have an investment in this company and they have to get what they can while they can.
The sale date on these shares is 2/15 who knows what has been going on since. I always thought some of the form t selling might have been Al Yousuf Group liquidating their position.
With the resignation (ouster?) of Eqbal Al Yousuf as Chairman of the BoD, I have been waiting for Al Yousuf to begin to get what they can out of this.
Imo, Al Yousuf Group cannot be very pleased with Priscilla and Cathaya and it could get very interesting as the r/s gets closer to becoming a reality.
Al Yousuf dumping before r/s?
This company was in the right place at the right time but unfortunately it had the wrong management, imo. I too had hoped that Gary Starr would remove Steve Schneider and produce a real electric car along the lines of the Destiny 2000 or the Zebra Motors Model Z Roadster.
Management has done well for themselves and has sold this company down the drain to Cathaya as a last ditch effort to put more money in their already bulging pockets.
If you notice, Stevie is the only original remaining BoD member and he also managed to get himself seats on the BoD of Jonway and Samyang. He did it before and he has done it again.
World,
Sad to say but I believe that ZAP has finally zapped itself :(
A 5/1 reverse split could come at any time at this price since .81 x 5= $4.10.
However a 10/1 is more likely as it would put pps significantly above $5.00 and qualify for listing on the NAZ.
Don't be surprised if this accurs simultaneously with a RTO by Cathaya ( aka Priscilla Lu and Co.) and a name change to China Electric Vehicle Company.
When will the reverse split happen?
"The Company shall hold annual meetings of its shareholders on an annual basis. The Company shall hold the next annual meeting of its shareholders as soon as possible following the Closing, but in any event, no later than March 15, 2011. In addition to the election of directors, the Company shall seek approval for a reverse split of the Company’s common stock within a range that shall be determined by the Board and approved by the Investor, with the goal of increasing the trading price of the Company’s Common Stock to $4.00 per share or higher."
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7671075-13386-134368&type=sect&TabIndex=2&companyid=6694&ppu=%252fdefault.aspx%253fcik%253d1024628
So ZAPJonway has a new CFO and a new deputy CFO and still no audit results?????
For example, learn to read between the lines and interpret ZAP corporate spinmeister speak:
"This is the beginning of an extensive realignment of our management team. While this realignment may be challenging in the short term, it is necessary for the long-term success of our company....(Steven Schneider)
:http://finance.yahoo.com/news/ZAP-Jonway-Appoints-New-CFO-prnews-42725858.html?x=0&.v=1
Possible interpretation :
"extensive re-alignment".....reverse take over? reverse split? Chinese RTO
"challenging".......dilution of shareholder equity? re-organization? BK?
"management team".......buyout? takeover?
"short term"...one month? one year?
"long term".......?????????
Typical ZAP vague gobbledygook PR,imho.
My opinion is always that you should never purchase any shares of any stock unless you do your DD and know exactly what you are getting into.
You should never rely on the opinions of any posters either here or on any other messagebaord because there are always going to be paid pumpers and paid bashers.
There will sometimes be posters, such as myself, trying to educate others with the facts that they have discovered through their own research and DD. However, if the their opinion goes against the grain of the majority of the paid pumpers and online investment newsletters, they will be immediately branded as bashers.
Use Google alot and make sure you know what you are getting into.
I am willing to bet that you will have a much better entry point in a few weeks ;)
You've waited this long.................
Hi Jim!
Just hope the losers on the Yahoo ZAP board don't come over here and ruin it!
Better tell all those Razer pumpers to cool it or the next thing you know they will following me over here and you know what that will mean :)
As long as you know what you are mbuying into....
Hope you read all the latest SEC filings.
Good Luck :)