I don't know what rock you just crawled out from under, but I suggest you scurry back before it is repossessed.
It was a wonderful buying opp!! Bought Ford @ $1.50 and never read the 10Q......silly me :)
Reading Iacocca/An Autobiography right now. Highly recommend it for anyone investing in the auto industry!
If Ransom Olds listened to his wife, he would be the first man in history to do so... lol.
It was Henry Ford's addition of the conveyor belt to the assembly line process that got him
the credit for being the "father of the invention".
Actually, Henry Ford didn't invent the assembly line, despite often being credited as such. The honor for this innovation instead rests on one of the giants of the era, Ransom Eli Olds. Ransom is one of the forgotten masters of the early century, the man most credited with bringing mass-production to Detroit and largely establishing the auto industry.
See how facts are easily misconstrued?
CORRECTION: Ben Rabizadeh was a plaintiff in the class action lawsuit against Artificial LIfe. It is the Rosen Law Firm that was being named by other public companies in connection with potential stock manipulation.
We are now also in the process of evaluating and investigating appropriate actions against the plaintiffs and their attorneys, the latter of which has recently been named by other public companies in connection with, among other things, the filing of frivolous class action lawsuits and the potential manipulation of other company's share prices." said Frank Namyslik, the Company's CFO.
Just two weeks ago, this lawsuit was brought on behalf of certain shareholders by the Rosen Law Firm alleging securities fraud. The Company (ALIFE) at the time announced that the allegations wholly lacked merit, and just two weeks after the lawsuit was filed, the class action was dismissed - at the request of the plaintiff's attorneys.
"As we stated earlier, the Company's stance from the outset was that the allegations contained in the complaint were completely without merit," said Eberhard Schoneburg, the Company's CEO.
"The voluntary dismissal of the lawsuit by plaintiff's counsel on Friday clearly confirms the Company's position. We will fight any irresponsible and frivolous legal threats with all available means and determination to protect our shareholders and the Company. We are now also in the process of evaluating and investigating appropriate actions against the plaintiffs and their attorneys, the latter of which has recently been named by other public companies in connection with, among other things, the filing of frivolous class action lawsuits and the potential manipulation of other company's share prices." said Frank Namyslik, the Company's CFO.
Artificial Life, Inc., (OTC BB: ALIFE) announced that on April 29, 2011, a securities class action against the Company was dismissed voluntarily by the plaintiffs and its counsel in its entirety.
After ALIF shares fell by almost 50% within a few trading days an investor had filed a lawsuit in the United States District Court for the Central District of California against Artificial Life alleging violations of Federal Securities Laws.
13. Plaintiff in Artificial Life Class Action Lawsuit (see Artificial Life Class Action post)
On March 3, 2014, the Court granted the Demurrer in its entirety and dismissed all claims asserted by Abdou and Schneider against Lu, without leave to amend. In addition, the Court dismissed all tort claims against ZAP. However, the Court’s ruling does not dismiss all claims against ZAP.
The Abdou/Schneider claims against ZAP for unpaid compensation were not before the Court and therefore were not affected by the Court’s ruling and have not been dismissed. These contract-based claims are against ZAP only and do not allow for punitive damages.
We employ aggressive options selling strategies to reduce risk. Option selling is not a popular strategy so margins are high
From "Ascending Capital" website:
Hello world. I'm a retail investor with 15 years of experience. My dream has always been to manage money full-time and I'd like to invest professionally one day. I just wrote my first article ever on SeekingAlpha. Check out my due diligence. If you like what you see, contact me so we can begin collaborating. I have another business right now so can't switch to this full-time right away. Would like to transition into it over the next 2-3 years. Thanks!
ZAAP now trading at the same exact price it was a year ago when KNDI was tradiig @ $4.45.
KNDI up over 400% since then. ZAAP up 0%.
KNDI already has a joint venture with GEELY one of the PRCs most recognized automotive manufacturers.
KNDI and GEELY are both PRC approved whole automobile manufacturers and listed in the PRC's MITT National Catalogue.
ZAP JONWAY is NOT a PRC licensed and approved whole automobile manufacturer and is NOT listed in the PRC MITT National Catalogue. Since acquiring 51% of Zhejiang Automobile (a subsidiary of Jonway Group) in 2011, ZAAP has not produced or delivered 1 electric vehicle. Samyang Optics has been waiting waiting for 3 years for an order lf 200 electrified A-380s.
ZAP JONWAY is using a consigned license from Zhejiang Feidie Automobile to produce gasoline A-380's. This license if not renewed expires in 2016.
Please explain how a merger with a.company that has produced nothing but losses and PRs would benefit KNDI?
If you really want more factual information on ZAP other than what you have already received, go over to the ZAAP board and read my litany of postings. All of my info is based on actual SEC filings over the past years.
Hello old friend!
I am so flattered that someone would actually read my "alleged" bashing on the ZAAP board and trust my postings enough to take a risk on my recommendation.
Congrats on your investment in KNDI!
I wonder if there are any other old time ZAAP posters here?