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Nothing in the last month. No news. No volume. Not sure what is going on with this one. I would have thought adding Serial 1 to the portfolio would have generated more excitement and messaging from the company.
Looks like they now have an arrangement with Investor Brand Network (IBN) to promote the company. It looks like IBN was the source of the Tech Mediawire article. Nice to see some movement. Hopefully this trend accelerates. As we hear more the $.65 per share to move up over $1.00 or more.
Thanks for the update Mr. Zen! I'm still very bullish on this one.
Does anybody have an update on LFEV? Seems like we should have heard more news by now. I'm still very bullish!
That's good to hear! Thanks for responding Mr. Zen.
I have to admit, waiting for this company to do anything to the benefit of the shareholder is becoming excrutiatingly frustrating. Mr. Zen, did you get any idea from Rob Provost when they will start communicating what they have to the markets?
Still BULLISH!
Thanks for the update Mr. Zen! I also have an NDA and have information I can't share. For sure I'm BULLISH! I wish they would start sharing more of the plan to the public market as I believe they will need some momentum to leverage LFEV's ability to raise capital for growth.
I'm still really BULLISH on this company. What they accomplished last year will position them for significant growth in 2024 and the future. LFEV now owns 40% of LEV manufacturing which owns 91% of Serial 1 (formerly HD's ebike company). LEV is positioned to do white label manufacturing for several companies that want to move their production from Taiwan and other Asian countries. They have a retail arm called Sierra ebike and have setup several global distribution agreements.
With all that said, this is trading on the OTC pink and needs to be uplisted to OTCQB or QX. I believe this in process.
I'm not sure why they aren't raising capital in the public market yet. It might have something to do with mechanics of uplisting and registering stock, not sure.
I think the CEO is a very smart operator and has always followed thru on what he has said he would do. However, he has been stretched too thin and needs more fire power in leadership positions that can execute the plan. I hope he is putting that in place now. On the plus side I don't think he has overdone it like many VC's have done and hired too many people and spent investor funds lavishly.
. It's way undervalued compared to Livewire and if you look at Livewire they have a significantly negative EBITDA.
This will play out very positively for those that are patient. Patience is still really hard for me.
I've been following this company for 4 years, prior to the time they acquired CTON and changed the company to LFEV. Communication from the company (Rob) has always been slower than I would like, however it's very deliberate. Here's what I think will happen over the next couple of months; 1) They will complete all the mechanics of owning 40% of LEV Mfg. via the share exchange. 2) They will need to raise more capital from the capital markets for growth, i.e. via LFEV. 3) They will aggressively ramp up manufacturing of Serial 1 and other brands. Especially given they just started a new fiscal year and will want to clearly demonstrate growth. 4) As a result of these things, they will need to start actively communicating in the public realm. Otherwise, they can't grow and sell.
I will be looking for evidence Rob P is putting an executive team in place that can help execute the plan. Still concerned that Rob is doing "everything" and is the bottleneck.
I'm still VERY bullish!
Mr. Zen,
I'm not sure, but I don't think your share count will change.
Here's what I know.
This will add stock to LFEV in the form of Preferred C shares and Warrants that convert to common.
The preferred share count is 3.5M shares that is convertible to LFEV common at 1 to 35.
The preferred shares are restricted. Some of the restricted may be tradeable soon, but I don't think we will see a significant increase in float in the near term.
So, 40% of the Value LEV manufacturing, which is primarily Serial 1, will now attribute to LFEV as a 40% owner.
This takes LFEV from basically a shell to real company.
Based on the previous press release from LEV I believe they have major expansion plans. Not sure how the financials will flow as I believe much of the growth beyond Serial 1 will flow through LFEV. Hopefully we hear more from the company soon. Given the expansion plans I believe they will need to raise more capital and the best vehicle to do that will be the LFEV the public company.
Should start getting exciting!
Mr. Zen, thank you for the input.
Looks like the Share Exchange has happened and LFEV now has a 40% stake in LEV manufacturing which just acquired Harley Davidson's ebike company (Serial 1). See the disclosure under LFEV in the OTC Market.
https://www.otcmarkets.com/stock/LFEV/news/Life-Electric-Vehicles-Holdings-Inc-Announces-Acquisition-of-40-Equity-Interest-in-LEV-Manufacturing?id=423781
I agree that the biggest issue with this company right now is transparency and an unwillingness to promote what they have. The recent communication was from LEV manufacturing regarding the acquisition of Serial 1. This acquisition doesn't provide any value to LFEV until the share exchange announced in April is completed. Here's some of the wording from the April announcement " As a result of the share exchange, Life EV Florida (Now LEV) will become a 40% owned subsidiary of Life EV Nevada (LFEV). The shareholders of Life EV Florida will own shares representing over 90% of the voting power of Life EV Nevada"..
Clearly it seems that the company needs to start promoting what they have in order to raise money for growth via the capital markets.
I would expect the share exchange to happen soon and more messaging coming from the company. My biggest concern is whether they have the leadership capacity and skills at the executive level to execute and communicate their plan.
I expected more news from this company by now. Apparently they've made some acquisitions, but nothing has been announced. They need to report financials soon which should be a catalyst. Do they have an Investor Relations contact?
They definitely dumped at the wrong time. As I now understand this company has several major developments in process which we should start to hear about in the next month or so. All very positive.
Thanks for the update Mr. Zen. I know this company has a bright future with tremendous opportunity. But, I'm still perplexed at how slow things are progressing.
I would have expected to see more public news on this company by now. Future sounds bright, but questioning when we will hear/know more about their plans.