Many still clueless don't understand what stated below. Are you well aware Aoxin automobile is a private company?
The 8-k is indicated they LOCKED UP the remain ETFM notes. THAT IS THE NOTE HOLD BY THE TOXIC LENDER. Actually, in this case the lender HIT HUGE JACKPOT BIGTIME PAYOUT.They received upfront paid 50k and on top of that the new company willing to paid them 8% interest per annum out of net profit. Sound like this is for life and that one hell of the deal. All of my years of doing research never seen a damn good deal cut like this before.
NOW WHAT ABOUT US SHAREHOLDERS? 20% OF WHAT? LET'S DO THE MATH...ROTFLMAO.
Jiangsu Aoxin New Energy Automobile Co., Ltd., (Aoxin) into ETFM. Jiangsu generates $148,800,660 Revenues and has $200,145,818 Assets
WHY PEEPS WORRIES ABOUT DILUTION HERE? WTF!...I HAVE NOTHING ELSE TO SAY.
As consideration, 2050 Motors, Inc.(ETFM) will transfer to current Management and Investors, to be determined in TFPC, eighty (80) percent ownership in exchange for retaining a twenty (20) percent ownership interest in 2050 Motors, Inc., Private Corporation (TFPC) and corporate note from TFPC in the amount of Fifty ($50K) thousand dollars at 8% interest per annum to be paid out of net profits.