The wording in today's 8k filing had the shares selling down 50%. From my understanding, 2050 Motors Inc (public) was going to sell 80% of our subsidiary to prior management for a $50,000 note. That got cancelled, so why on earth would our stock drop by an additional 50% after having retraced so far from .007 to .0018 over the course of 3 weeks?
This is in fact, GOOD ASS NEWS, not bad news
We were going to get a$$ raped by selling 80% of our subsidiary for a measly $50k note.
In cancelling this agreement, ETFM owns/retains it's 100% ownership
The subsidiary was 2050 Motors PRIVATE
ETFM is 2050 Motors, Inc (Public)
Everybody got their panties in a bunch for no reason at all
Today was an outlier on the chart and im happy to have loaded shares from those weak hands that don't know how to read an 8k