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Not much apparently. On the bright side, at least there's a relatively decent bid to bail into if the mood hits.
Nothing but unnecessary venue changes and expenses for the company. Will have no effect on share price or anything else. Only news/promo/momo cycle will do that.
What do you mean?
Yeah, I saw it last week and was interested, but then I watched it and realized it was off.
Come on, now; that chart goes through only the middle of December!
To be fair, with no bid at all to complement the news, it's hard to blame whoever's selling.
Upcoming 10-Q should tell us what type of revenue we're looking at seeing as we've had a full quarter of its implementation underway. Long time coming, and the price here is right if the revenues are decent.
Been here for months and has plenty where that came from, it appears. He ain't going nowhere until we see steady volume.
There are hundreds of thousands of shares still piled on the offer, and that's just what's showing. Until the news starts flowing and momentum comes in, that selling isn't going to stop, I don't imagine.
Interesting t-trade today.
We're just getting consistently bid-bombed. I wish they'd get that DTC issue cleared up!
Does the LOI requirement of 2MM over the course of 2 years have to be delivered in-full up front or just signed up front?
Would be good to know. Not sure if there's a catalyst otherwise.
Sounds good.
Do you have an updated O/S count?
Selling's not gonna stop until the DTC thing gets fixed, I don't imagine.
Hopefully, but based on what I've seen the last month or two, there's still more of those shares out there waiting to be sold. I sure hope that's it, but I haven't seen evidence to support either side.
What do you mean by "cleaned up"?
Founder is 100% committed to seeing this work. He would have quit on this hundreds of thousands of his own dollars ago years back if not.
Bill Nesbitt, not Ted Withrow, is leading the daily operations of the company and its efforts.
No officer or anyone in management has unloaded a single share and won't until the company is sold (ideally 3 to 4 years from now).
Passed up several financing offers because they involved dilution. Working with strategic investors now on a healthier deal for investors and for the acquisition management.
Share price very depressed in management's opinion.
Mgmt will not speculate but are very encouraged about where they are in the process and are confident of completing the acquisition.
Did you hear that one? Finally, a great corporate update.
They're doing it again tomorrow, per the hilariously titled new PR.
Worked for me.
There should be a recording available somewhere. Other than having a splitting ear-ache from sound issues on their end, it was a helpful call, if not for its straightforwardness then for the fact that they're still professedly working to execute the original plan.
Follow-up call same time next week to answer write-in questions (submit through the contact fields on the website, if I recall).
May 28, 2013 Corporate Update Conference Call:
"Ecologic Transportation will be holding a public conference call on Tuesday, May 28, 2013 at 1:15pm PDT (4:15pm EDT). During the call William B Nesbitt, CEO, Edward W Withrow III, Chairman and Calli Bucci, CFO of Ecologic Transportation, will present an overview of the financial report included in Company's March 31, 2013 Quarterly Filing, an update of the Ecologic Car Rental business, the Company's Ecologic Products Ecologic Shine brand and the Ecologic Transportation Environmental Transportation market.
Call Length: 1 Hour
Conference Date: 5/28/2013
Conference Start Time: 1:15pm PDT (4:15pm EDT)
Participant Dial-In Number: 1-800-914-8405 Access Code 2475741"
Link to PR
caveat emptor
Just messing with you.
Well, you can't call yourself "Dude Diligence" and then rely on "sense"!
Nothing new to talk about other than some details on negotiations with ACE. I expect that a conference call will give us more insight.
Q due Wednesday. Will be interesting to see if they're generating any revenue yet from Jiffy Shine.
I just don't know. I really don't know about the other companies. He's been involved with some stuff that, to put it politely, hasn't panned out for shareholders. All I do know is that the man has sunk years of time and a lot of his own investment into Ecologic, and I can't imagine that he wouldn't do everything he could to turn this into something profitable.
It's hard to believe after all this time, but I'm not giving up just yet.
My post from two years ago tomorrow:
"To those on board, a reminder. To those looking in, this is why you should buy at these prices [.29 bid at the time]:
The LOI to acquire EGCT's first company was sent out Friday, April 8. On Tuesday, April 12, EGCT received audited financials from the target acquisition. All that's left now is for the two to negotiate final terms of the acquisition.
This first acquisition is a $65 million a year company, and the deal comes with $11 million in the bank to fund the second acquisition, which is already in advanced stages and which will take place on the heels of the first. The second acquisition is worth $25 to $30 million a year.
So, at this point, we can expect to have acquired two companies worth around $100 million in revenue yearly by early May."
UGH.
I imagine we'll start getting volume once they get that DTC issue taken care of. I expect to see that changed pretty soon here.
Looks like they got their annual report (such as it is) filed, which is a good indication that they have plans.
If you want to get out of this with a profit, keep an eye out for a change in DTC eligibility. Once they're cleared on that front, expect to see movement soon after.