Blink Charging Co (BLNK)

[mikeymgd]

I think the market could be waking up to the real problem here. The dilution is outpacing the benefit which means shareholders are going to lose. Yes they dilute to build like many do but the business model has been proven to fail. 10s of millions if not over 100 million in money from dilution over 24 months but the revenue has gone down while operating income losses have increased.

Lets consider the amount of new EV cars that hit the market since they bought the assets in bankruptcy court.


2018 - 55,267
2017 - 199,826
2016 - 158,614
2015 - 116,099
2014 - 122,438
Total increase in electic cars since 2014 - 652,244

Now lets look at the revenue to see if more cars equates to more business

2015 - 1,096,057
2016 - 512,341
2017 - 1,045,671
2018- Q1 300 dollar increase in revenue

As you can see they do not appear to be benefiting from the increase in car sales. Though the EV sales have almost doubled in size from 2015 to 2017, the revenue is down slightly.

Q1 of 2018 showed a minor .1% increase in Revenue (300 dollars)


Next is loss from operations...this one is really bad:

loss from operations

2015 - 11,319,794
2016 - 7,212,908
2017 - 7,422,645
2018 Q1 - 3,801,939 (15,207,756 this year if it keeps up)

The only reason BLNK has not filed bankruptcy yet again is selling shares to market to pay for the non stop millions beeing drained by operatoinal losses that are increasing as new EV's are being sold.

Cherry picking PRs and large stock sales into the PR release is known as pump and dump.