the market cap is way too low here, at roughly $2.5M right now. for a company with "13 coming soon" dealerships, of which IR says the plan is for build-out of 4 this year and financing news coming down the pipeline should be much higher.
$30M market cap is still my target here short term as EVCA is working on major dealings.
The idea of creating superstores for used hybrids and pairing that with new EV's and CNG vehicles which both people and governments can buy with incentives is a great biz plan.
The key is going to be how will EVCARCO be able to secure the majority of the used hybrids on the market so they can put them on their lots.
Even Carmax right now only has about 100 used hybrids in their entire inventory nationwide.
Of course, with roughly 1M hybrids going on the roads each year now there will start to be a much larger inventory for EVCA to pull from.
I don't have all of the info, but something big is going down right now with EVCA and we've only seen some of the prelude of this.
EVCA went from .01 to .11 with ease. With the recent drop to .024, breaking .11 should be much easier short term.
Target 2 is .20 on this stock now as it keeps getting buzz and they make moves. Check the chart in the IBOX, target 2 is on the weekly. If it doesn't happen this week, certainly in March or within the next 3-4 weeks.
There are a lot of us who dropped 20-100 grand or more into this, and the float is gone.
