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BLQN registration revoked:
https://www.sec.gov/litigation/admin/2018/34-84803.pdf
BLQN SEC Suspension for delinquent Financials/Filings:
https://www.sec.gov/litigation/suspensions/2017/34-81296.pdf
Order:
https://www.sec.gov/litigation/suspensions/2017/34-81296-o.pdf
Admin proceeding:
https://www.sec.gov/litigation/admin/2017/34-81295.pdf
I looked and cannot find it. Anyone?
I don't think we have seen the end completely. The CEO is sharper than most with some pretty solid connections. I bet this company gets it together. Just a feeling.
Blocked by Fidelity... dark, no info.
Come on you guys, get your ship together.
wow, such a great chance they had. thanks Piedmont
It is Over.
Go to google maps and put in their address
1420 240th Street
Harbor City, CA
View the photos and zoom in and you will see an old picture in which you can make out the Balqon trucks sitting alongside the building in the parking lot.
Then go to street view.....a newer picture and the trucks are gone....AND there is a "Space Available" sign in front of the building. Balqon sign over the door, Available sign in the yard.
Call the number on the Available sign and ask them about the property. The story they will tell you is not a good one.
As late as last summer/fall Samra would answer my texts. Now...nothing....
This thing is DONE.
The CEO is pretty sharp. The stock price jumped today on no news.
This is overdue for a leg up should things be turning around which would mean they have been able to secure capital. Any semi positive pr and this should react. Could be time to think about re-entering.
Certainly a strange situation.
Last communication from them was their report that came out in late 2014. Nothing since.
Some roundabout inquiries I've made suggest they might technically still be in business. There have not, after all, been any announcements of chapter 7s or 11s. And I do not believe they are required to report their earnings.
But they get roundly criticized on some EV DIY sites for being completely unresponsive to emails. I don't even think the advertised phone number is connected.
Very odd.
Probably tanked but who knows?
so what happened here?
seems to have been a little more active this past month.... anyone know anything new?
Very true statement.
Two things that I love they did...
1. Pivot away from the capital intensive trucks and into the residential/small business storage industry....which is on fire right now in California.
2. Adjust their selling model to be direct ordering.
Clearly these actions have borne fruit.
As you point out they are very debt-heavy. The question is can they satisfy the creditors long enough to become truly viable without creditors putting the hammer down.
You should talk to Balwinder Samra. Just send an email through their site, tell him you are an investor and would like to talk to him. He called me two days later and we spoke for two hours.
He is optimistic about being able to maintain their revenue trajectory. He does however, believe that they need either a large order or a cash infusion to really take off.
If you look at the Cali landscape, big money is being invested in companies that provide solar storage. There are at least two companies who have capital backing to allow buyers to finance their purchases.
I look forward to Balqon taking advantage of this kind of situation and/or to get some state/federal grant money.
Outstanding 10Q they still have lot of debt to take care. They really need more funds to carry on with their core of business. JMHO.
And look at the Nov 10Q. Really impressive.
I was able to talk to Samra also...answered my email in a day and we talked on the phone for almost two hours.
Seems like they are in a decent place:
making money - the combination of their pivot to energy storage, and their on-line store, and the cost of their lithium iron phos batteries compared to others, and the Cali subsidies...all these are the cause of their good quarter.
He does feel like they've finally turned the corner after spending so many years struggling and as he put it 'always resisting the urge to accept toxic funding'
Be really interesting to see how they do the next several quarters and if new funding comes in they will really have a chance to grow this into something substantial
I agreed this quarter they are doing much better than ever. However they much find a way to obtain more fund for working capital. Due to lack of fund they are slowly fulfill their backlog order...
If they receive more funding them they might have a good change to come out ahead.
if you read the last several quarters this company keeps doing better and better. Last quarter was down to 1 cent loss per share which is best ever. Keep an eye on next Q because if they become profitable 2015 could be their year. It's crazy how quite this company stays. I drove by their office last month and spoke to their CEO because I invested a lot in 2008. dammit. haha. So, it was the first time I left in a long time I felt like there is a legit chance to get funded. There is so much money in this space and the tech is moving fast so if they improve the range on their trucks even 25% on a charge I think they take off.
How about Balqon Run by Tesla? This company with some backing like that would be a game changer.
Bullish trend!
http://www.allotcbb.com/quote.php?symbol=blqn
Everybody likes to have money coming in easy. No need to think, no need to work, no need to bother, just tell me the answer will do (will people tell you the true answer?), I just want money to come in easy will do. Everybody DREAMED of this, and HOPE it happen in real life. The culture is so common in this country.
When HOPE and GREED are mismanaged in stock market, it's time for disaster. C id say add to your positions here MY INVESTMENT :)!
This year will be better getting everything going simple as that! Wont want to get caught with no Shares on such a Low Float!
this has lots of potential with great product... I've had a chance to see one of the tractors/trucks with my own eyes.... very impressive.
Latest Press release on Balqon (BLQN)
http://tomorrowsbluechips.com/balqon-blqn-capitalizes-on-chinas-ev-growth/
tomorrowsbluechips.com is the great source to get latest updates on BALQON (BLQN)
http://tomorrowsbluechips.com/balqon-blqn-capitalizes-on-chinas-ev-growth/
Here is an article on BALQON (BLQN)
Title---BALQON (BLQN) CAPITALIZES ON CHINA’S EV GROWTH
http://tomorrowsbluechips.com/balqon-blqn-capitalizes-on-chinas-ev-growth/
here is a great article I found today on BLQN-
http://tomorrowsbluechips.com/balqon-blqn-makes-progress-on-several-fronts/
ICEquity - those Frito-Lay electric trucks you referred to in Post 17 were, as reported, supplied by Smith Electric http://www.smithelectric.com
I have long thought that Balqon and Smith might combine quite nicely sometime in the future. Smith Electric is about to be listed on Nasdaq - announcement expected any day now (revised S-1 Filing lodged with SEC on April 4, and company apparently keen to go for ipo as soon as SEC give the nod). Smith ticker will be SMTH and I started a thread here earlier in readiness.
A Balqon-Smith combination would offer an awesome range of EV products, making it harder for subsequent newcomers to take market share away from them. Both offer well-proven trucks and both are singing from the same hymn-sheet in explaining the logic of using battery power in the specific markets they address.
I'm looking at BLQN's stock from the standpoint that there are millions of diesel trucks out there that are not only "gross polluters", but the cost to operate and maintain one has gone up with rising petroleum costs.
Living in a metropolitan area, you sit in traffic next to these trucks every day and the exhaust coming off one of the diesel rigs will make you feel ill. I'd much rather see a Balqon truck next to me, knowing that at the end of their shift, they are going to plug it in to recharge.
Balqon (OTCBB: BLQN) Empowers Socially-Responsible Companies and Governments ... - Green Technology Investments
| 8:30 AM |
Green Technology Investments
Balqon (OTCBB: BLQN) Empowers Socially-Responsible Companies and Governments ...
Green Technology Investments
Balqon Corporation (OTCBB: BLQN), a developer and manufacturer of zero-emissions heavy-duty electric vehicles, lithium battery energy storage products and electric drive systems, similar to companies like Tesla Motors Inc. (Nasdaq: TSLA) and A123 ... http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64592961
This company has a 5 mil on the balance sheet, a tight float, and no shareholder base! If it gets the smallest amount of PR push it will skyrocket!
I see this and can't believe it's still trading around a buck!
Yes.I'm not in this just answering your question.most recent 1-31-2011 8-K
sure does look like it
This thing has no volume...too hard to move into or out of a large position
After watching this on bloomberg today things sound really good for this company.
Frito-Lay All-Electric Delivery Trucks Hit the Streets of Columbus
PLANO, Texas, Oct. 21 /PRNewswire/ -- PepsiCo's Frito-Lay North America division began rolling out some of its fully electric delivery trucks in Columbus today. These ten electric delivery trucks will ultimately be part of the largest planned fleet of commercial all-electric trucks in North America. This year, Columbus is one of three cities in the U.S., along with New York City and Ft. Worth, Texas, to receive its favorite snacks in fully-electric delivery trucks.
Electric trucks reduce fuel consumption, noise pollution and CO2 emissions, compared to traditional delivery trucks. In total, Frito-Lay will be deploying 21 electric trucks this year in the U.S. and Canada. The company projects it will roll out 155 additional trucks in 2011, making Frito-Lay the largest commercial fleet of all-electric trucks in North America.
http://www.pepsico.com/PressRelease/Frito-Lay-All-Electric-Delivery-Trucks-Hit-the-Streets-of-Columbus10212010.html
Got this today from "SEC filiings.com"
Balwinder Samra, CEO of Balqon Corporation, to Appear on Bloomberg Television March 1st at 5:30pm EST
Show: Taking Stock with Pimm Fox
Date: Tuesday March 1, 2011
Time: 5:30pm EST
Now we know why it went up. Question is, will it continue up today on this news?
Balqon Corporation Receives an Order for 300 Electric Drive Systems From China-based Winston Global Energy
PR Newswire Posted 8:02 AM 01/25/11
HARBOR CITY, Calif., Jan. 25, 2011 /PRNewswire/ -- Balqon Corporation (OTC Bulletin Board: BLQN), a developer and manufacturer of zero-emissions heavy-duty electric vehicles, lithium battery energy storage products and electric drive systems, announced at the VERDEXCHANGE Conference, a global event for accessing the California and Western states clean and green marketplace, that it had received an order from Winston Global Energy, headquartered in Shenzhen China, for 300 electric drive systems at a purchase price of approximately $53,000 per unit. Winston Global Energy will integrate Balqon's electric drive systems into a fleet of buses ranging in size from 15 to 40 passenger capacity and market them to local private and government fleet operators in China. Balqon expects that the $15.9 million order will create approximately 150 jobs in Los Angeles County during the next 18 months.
Balqon anticipates that it will begin production of the 300 electric drive systems in mid-2011 at its headquarters in Harbor City, California and plans to begin hiring new employees within the next month. A majority of the 150 jobs expected to be created will be direct labor for the fabrication and assembly of the electric drive systems and the remaining jobs will be in the engineering and research and development fields.
"This order from Winston Global Energy validates the competitiveness of our technology in the global marketplace and will result in the creation of high tech green jobs domestically," said Mr. Balwinder Samra, President and CEO of Balqon. "We are pleased with results of our emphasis on promoting our electric drive technologies to OEM's in global markets during the past year."
Balqon's electric drive system incorporates a high efficiency electric motor and automatic transmission with Balqon's proprietary inverter technology, a lithium-ion battery management system, a vehicle diagnostic system and related software. Balqon's electric drive system provides its customers with a single integrated system for medium and heavy duty commercial vehicles. In 2008, Balqon was the first company to provide a zero emissions electric tractor with a 30 ton capacity to Port of Los Angeles. In 2010, Balqon continued its pioneering vision when it jointly developed the world's first electric Class A motor home with Riverside, CA based MVP RV, a company owned by Winston Global Energy.
"Demonstration of Balqon's technology integrated into a 25 ton Class A motor home in China convinced us that Balqon's zero-emissions electric vehicle technology can be applied to other vehicle platforms such as passenger buses in China," said Mr. Winston Chung, President and CEO of Winston Global Energy. "We believe that combining our lithium battery and fast charging technology with Balqon's proprietary electric drive systems will enable us to provide cost competitive zero-emissions solution to a growing global demand for electric vehicles."
In December 2010, Balqon completed a $5.0 million private placement and entered into an exclusive Distribution Agreement with Seven One Limited, an affiliate of Winston Global Energy headed by leading battery technology scientist, inventor and entrepreneur, Mr. Winston Chung.
See full article from DailyFinance: http://srph.it/eLvAyt
This is a pump and dump stock. Dont buy. How can this stock go up so much with so little volume. Insider trading.
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