Phoenix Motor Inc (PEV) News

Market willl catch up soon

pev................................https://stockcharts.com/h-sc/ui?s=PEV&p=W&b=5&g=0&id=p86431144783

Huge Q1 revenue announced last week, massive volume and 200% sustained gains last Friday. Phoenix motors has millions in future orders and is going to participate in the refurbishment of americas aging transportation infrastructure.

Nothing to bash here, this stock is going up this week!

:)

$$$

Chart

dump it now

lol ya ok nice one

It made $1 is $1.30 possible?

$1 is possible soon

Record revenue/net income.

Sounds pretty good!

Last pump for this company enjoy .. https://www.thedrive.com/news/chinas-connected-car-collapse-is-a-warning-for-the-american-market

Only question going forward is when does bankruptcy come…As of March 31, 2024 and December 31, 2023, the balances of contract liabilities were $2,799 and $2,381, respectively. During the three months ended March 31, 2024, the Group recognized $58 as revenue that was included in the balance of advance from customers at January 1, 2024.

PEV: I am harboring a pet 'PEV' regarding this flamboyant FIRM's self-aggrandizing press release of late!!!

Debt holders Pumping it will trap a few naive traders. So much debt on this one it’s crazy. Take your profits and run for sure

First off I want to start with that I cannot risk investing in this company(although that spike today would’ve been a welcome bump in the old investing account with the right leverage could’ve put me into retirement even!) as I work at a place that needs their services after the buyout and I cannot get parts for any of my buses and they have back orders with every vendor from the little information that their parts team provides because they have no buying power or have debts to vendors or cannot obtain working contracts to produce parts. I’ve had to resort to sourcing components locally or in some cases have things fabricated or re engineered to be better. Please trade carefully and obviously take profit and set your limits! Good luck and have fun.

Dump will come quickly no cash and plenty of dilution.



3. Going concern

The Group has net income of $14,799 during the three months ended March 31, 2024, mainly due to the bargain purchase gain from the acquisition of Proterra transit business unit. Excluding the one-time bargain purchase gain, the Group incurred a net loss during the three months ended March 31, 2024 and has incurred significant recurring losses before 2024. In addition, the cash flow used in operating activities was $3,902 and the Group needs to raise additional funds to sustain its operations. Furthermore, the Group assume the responsibility to provide Proterra transit business unit employees job offers at closing date and keep those employees for at least one year, which costs are estimated to be over $20,000. These factors raise substantial doubt as to the Group’s ability to continue as a going concern.

For the next 12 months from the issuance date of the condensed consolidated quarterly financial statements, the Group plans to continue pursuing strategies to improve liquidity and raise additional funds while implementing various measures to control costs and improve efficiency. Such strategies and measures include the following: 1) continue to drive for operation integration and efficiency under ONE Phoenix, re-alignment operating units under ONE Goal, right sizing workforce under ONE Team; 2) re-establish the cost structure and cost base to increase operation efficiency with the new integrated ERP and other operating systems; 3) expand and strengthen strategic partnership to outsource a significant portion of design and engineering work for the next generation product to third party vendors and suppliers to control overall development and supply chain costs; 4) implement working capital initiatives and negotiate better payment terms with customers and for some of the new orders, require down payments; 5) implement cash saving initiatives and tighter cash control, and calibrate capital allocation to manage liquidity; and 6) continue to proactively implement a robust capital market strategy to provide financing for the Group’s operations through proceeds from private stock offering, debt financings including but not limited to term loans, revolving line of credit and equity linked instruments, and potentially federal and state incentive funding programs.

F-9


There is no assurance that the plans will be successfully implemented. If the Group fails to achieve these goals, the Group may need additional financing to repay debt obligations and execute its business plan, and the Group may not be able to obtain the necessary additional capital on a timely basis, on acceptable terms, or at all. In the event that financing sources are not available, or that the Group is unsuccessful in increasing its gross profit margin and reducing operating losses, the Group may be unable to implement its current plans for expansion, repay debt obligations or respond to competitive pressures, any of which would have a material adverse effect on the Group’s business, financial condition and results of operations and may materially adversely affect its ability to continue as a going concern.

The unaudited condensed consolidated financial statements do not include any adjustments related to the recoverability and classification of recorded assets or the amounts and classification of liabilities or any other adjustments that might be necessary should the Group be unable to continue as a going concern.

4. Business Combination

Finally the pump exit out $1 dollar to holler

Shhh!

PEV 10Q due SEPTEMBER

Up up and away finally time to start ringing the register

PEV new 52 week low

PEV .35 52 week low time to start adding way below warrant price now

Lots of shares need to be exercised will keep a lid at .60 cents for warrant starters…the “Convertible Notes”) currently outstanding and payable to JAK by the Company, which are convertible at a floor price of $0.60 per share, which upon conversion results in 5,416,667 shares, and (iii) 2,500,000 warrants exercisable for shares of Common Stock at the price of $1.30 per share (the “JAK Warrants”). JAK has agreed to certain beneficial ownership limitations, which provide that (i) a holder of the Convertible Notes will not have the right to convert any portion of its Convertible Notes if the holder would beneficially own in excess of the 4.99% of the number of our shares of common stock immediately after giving effect to such conversion, provided that upon at least 61 days prior notice to us, a holder may increase such limitation up to a maximum of 9.99% of the number of our shares of common stock outstanding (the “Maximum Percentage”); and that (ii) a holder of the JAK Warrants will not have the right to exercise any portion of its Warrants if the holder would beneficially own in excess of the Maximum Percentage immediately after giving effect to such exercise. Accordingly, the total amount beneficially owned column assumes a 9.99% Maximum Percentage of our shares outstanding, after the issuance of the additional shares to JAK.
 
(5)????????????Sherman Development LLC holds 868,261 shares and 3,473,044 warrants, with each warrant exercisable at $2.00 per share of Common Stock, and has a principal address of 58 Sherman Lumber Company Rd., Stacyville, ME 04777. The amount of shares beneficially owned is based upon the stockholders agreement not to beneficially own an amount that exceeds 9.99% of the outstanding shares (also see Note 11).
 
(6)????????????ATI Chemicals LLC holds 870,000 shares and 3,480,000 warrants, with each warrant exercisable at $2.00 per share of Common Stock, and has a principal address of 38 Spruce Meadows Dr., Monroe, NJ 08831. The amount of shares beneficially owned is based upon the stockholders agreement not to beneficially own an amount that exceeds 9.99% of the outstanding shares (also see Note 11).
 
(7)????????????EXO Commodity Solution LLC holds 870,000 shares and 3,480,000 warrants, with each warrant exercisable at $2.00 per share of Common Stock, and has a principal address at Suite 106, 195 US 9 South, Manalapan, NJ 07726. The amount of shares beneficially owned is based upon the stockholders agreement not to beneficially own an amount that exceeds 9.99% of the outstanding shares (also see Note 11).
 

4
 
 
(8)????????????WWJ Group, Inc. holds 870,000 shares and 3,480,000 warrants, with each warrant exercisable at $2.00 per share of Common Stock, and has a principal address at 83-07 Queens Blvd, Elmhurst, New York 11373. The amount of shares beneficially owned is based upon the stockholders agreement not to beneficially own an amount that exceeds 9.99% of the outstanding shares (also see Note 11).
 
(9)????????????World Trade Technology LLC holds 2,173,913 shares and 2,173,913 warrants, with each warrant exercisable at $2.00 per share of Common Stock, and has a principal address at 81A Hampshire Rd, Great Neck, NY 11023. The amount of shares beneficially owned is based upon the stockholders agreement not to beneficially own an amount that exceeds 9.99% of the outstanding shares (also see Note 11).
 
(10)????????????Barton Global LLC holds 1,478,260 shares and 1,478,260 warrants, with each warrant exercisable at $2.00 per share of Common Stock, and has a principal address at 240 East Shore Road, Great Neck, NY 11023. The amount of shares beneficially owned is based upon the stockholders agreement not to beneficially own an amount that exceeds 9.99% of the outstanding shares (also see Note 11).
 
(11)????????????Each of the warrants issued to the named holder contains an exercise limitation that the holder shall not be entitled to exercise the warrant for a number of shares of Common Stock in excess of that number of shares of Common Stock which, upon giving effect to such exercise, would cause the aggregate number of shares of Common Stock beneficially owned by the holder to exceed 9.99% of the outstanding shares of the Common Stock following such exercise.
 
(12)????????????Includes shares owned beneficially or deemed to be owned beneficially by Xiaofeng Denton Peng as follows:
 
(a) 12,150,000 shares of Common Stock directly and with respect to which he as sole voting and investment power; and
(b) 1,050,000 shares of Common Stock underlying stock options.
 
(13)????????????Represents shares of Common Stock underlying stock options owned beneficially or deemed to be owned beneficially.
 
(14)????????????See notes (1), (2), (12) and (13).
 
(15)????????????Assumes that all the warrants are exercised for shares of Common Stock, subject to the stockholders agreements that the aggregate number of shares of Common Stock beneficially owned by the holder shall not exceed 9.99% of the outstandin


Outstanding Shares and Voting Rights
 
As of May 16, 2024, the Company had 35,079,049 shares of Common Stock issued and outstanding.  Each share of Common Stock entitles its holder to one vote on any matter submitted to the stockholders. The Majority Stockholders, consisting of PACT and EdisonFuture, have voted all of their 17,650,000 shares of Common Stock, representing approximately 50.3% of the outstanding voting stock of the Company, in favor of approval of the Actions pursuant to the Written Consent. No other consents are being solicited in connection with this Information Statement. No consideration was paid for PACT’s or EdisonFuture’s written consent.

PEV new 52 week low

Denton Peng CEO and Chairman Peng is one of the pioneers and leading entrepreneurs in the renewable energy industry over the past 20 years. He has served as Chairman of Phoenix since 2020 and is currently CEO and Chairman of SPI Energy, Phoenix's controlling shareholder.

https://www.spigroups.com/

Phoenix Motor is now the official owner of bankrupt Proterra Transit

Jan 12 2024
https://electrek.co/2024/01/12/phoenix-motor-is-now-the-official-owner-of-bankrupt-proterra-transit/

PEV is bucking the trend
Over 80% of listed issues are declining

Wash trade rally

Just a penny away…

Well those .89s seems expensive atm

Watch this finish flat

PEV new 52 week low

Good to see someone else kicking the tires

$PEV: Whaddaya Get when AI meets EV ??????????????


Yer already here........... ENJOY this low 3.5Milly Floater now at a lowly $0.83


https://s201.q4cdn.com/501381164/files/doc_presentation/Phoenix-Motorcars-Presentation-January-2023.pdf



GO $PEV

PEV -@@-

Someone is poking it

Phoenix Motorcars delivers 3 EV vehicles to the City of Salinas

February 7, 2023
PHOENIX MOTORS
Posted by
DEON

Phoenix Motorcars is proud to announce their recent deployment of 3, All-Electric, Zero-Emission Z500 trucks to the City of Salinas. The project included
1 x Zero Emission flatbed truck, and 2 x Zero Emission cargo trucks, as well as 3 x Level III charging stations.

Huge sleeping giant !!!!


Phoenix is collaborating with Amerit fleet solutions which services 160,000 vehicles and is also owned by Brightstar Capital 10 billion yearly revenue


https://www.thomasnet.com/



What You Shold Know About Electric Truck Fleet Management
Staff Writer Feb 06, 2023


A Game-changing EV Service and Training Program

Amerit has added EVs into its own fleet of Mobile Service Centers, which works as a "garage on wheels" to maintain fleet assets in out-of-the-way areas. The fully-electric EVolution Mobile Service Center was produced in collaboration with automaker Phoenix Motor Cars. The zero-emission maintenance vehicle allows technicians to perform side-by-side maintenance and repairs for both electric and internal combustion vehicles.

institutional holdings> YA II PN 2.23 mm 23 Nov 2
Royal Bank Of Canada 27.00 14 Nov 22 30 Sep 22
13F-HR
Morgan Stanley 740.00 14 Nov 22 30 Sep 22
13F-HR
Blackrock 9.83 k 14 Nov 22 30 Sep 22
13F-HR
Wells Fargo & Co. 14.00 14 Nov 22 30 Sep 22
13F-HR
Tower Research Capital 4.30 k 10 Nov 22 30 Sep 22

https://capedge.com/news/benzinga/30565907/phoenix-motorcars--fermata?fromCompany=1879848

going to be hot sector from biden saying 500k charging stations getting built,PEV ability to share its cars charge is unique,could make it playable above others ,they should be writing news asap to take advantage

Shares Outstanding 19.66M,Shares Float 2.21M,Short 48k shares,not optionable<(good)

loading on bidens speech,charging stations

The Road Is Steep!

,,,,,,,Back in

lets go!!

"Phoenix Motorcars" focused on commercial products including medium duty EVs, chargers and electric forklifts, and "EdisonFuture" which intends to offer light-duty EVs. As an EV pioneer, the Company delivered its first commercial EV in 2014 and deployed the very first zero emission airport shuttle bus at the Los Angeles International Airport ("LAX"); the LAX fleet has grown to 39 electric shuttle buses, one of the largest of its kind. Los Angeles Air Force Base in El Segundo and NASA's Jet Propulsion Laboratory in Pasadena, California are among the customers for the Company's first-generation E Series Zeus EVs. Phoenix intends to be a leading designer, developer and manufacturer of electric vehicles and electric vehicle technologies. For more information, please visit: www.phoenixmotorcars.com and www.edisonfuture.com.”

3.42 gap

PEV$ $10 TARGET PRICE TODAY

WEEEEEEEEEE