ZAP (fka ZAAP)

[lolita_cachita]

Imho, the answer might be hidden in this statement from the recent 8-K:

"Prior to this payment, the company, on January 12, 2011 also entered into a Senior Secured Convertible Note and Warrant Purchase Agreement (the “ Agreement ”) with China Electric Vehicle Corporation (“ CEVC ”), a British Virgin Island company whose sole shareholder is Cathaya Capital, L.P."

"