I think this is good news although, at first, I believed it to be bad. According to the below email, it does not sound like Plug-In Motors is in operation anymore. In my opinion, it appears that the likely cause of this increased volume is a reverse merger. I’ve seen a couple of these before and this is how they usually go. First a stock sits for a very long time without interest or volume and then suddenly heavy volume returns without reason.
It appears to me that someone is intentionally creating a .0002 dome that prevents small investors from taking the stock price higher. Once/If a reverse is announced, and then watch the dome disappear so that the shares momentarily move higher. In a reverse merger, the SEC requires a quite period prior to the consummation. (Don’t expect to get much information from the parties.) So it appears that a new company may rise from the ELCR ashes.
I know it is pure speculation, but isn’t that why we are all here. Read emails below:
(I did redact because there was a personal telephone number and possible private emails.)
Mr. Tannko,
I got your email through a past associate Mr. Brown. Thank you for your inquiry. While several years ago I signed papers with ELCR, they never upheld any of their agreements and we went our separate ways. In the end Plug-In Motors has gone out of business and the website will be offline be the end of this month. So now, they do not have Plug-in Motors as a subsidiary, at least not the Plug-in Motors that I created.
On the other hand, if you are looking for an investment, my current company Orange EV is open to investment and if you are interested and qualified, I can have my CEO send you a packet to get to know us better.
Kurt Neutgens
ORANGEEV, CTO, President
Pure Electric Terminal Trucks – Orange, the New Green
"Spend 90% Less in Fuel to Haul the Same Load with Zero Diesel & Emissions”
Phone: (m) (734) 507-1228 | (w) (866) 688-5223 eMail: KurtN@OrangeEV.com www.OrangeEV.com
Begin forwarded message:
From: Michael Brown <****@****yahoo.com>
Subject: Fw: Investor question
Date: March 13, 2014 at 1:19:51 PM CDT
To: kurt Neutgens <***@*******>
Reply-To: Michael Brown <****** >
I still get a few E-mails and respond with a short form letter. This one is different and I thought you should answer it. I am also curious. Bevf and I are doing great and hope you and your family ar too. New phone# *** *** **01.
On Thursday, March 13, 2014 1:01 PM, ***** wrote:
I am an investor in ELCR (Electric Car Company). It was said that Plugin Motors is a subsidiary of ELCR. I wanted to know if that information was accurate. By the way, I really like the Mustang. Thanks, Eric
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