i firmly believe this stock would be trading in the $5 range if I hand picked the IR group. CEO's problem is he is afraid to give up control but he's too stupid to realize he cannot run the public side. The sad part is he actually tries but he's a joke. I do like the guy personally but he must have an ego problem.
I am very confident in Winston CHung though. I have a feeling Chung is going to move his big assets into the company and bring in more funding. I think he also brings in a big time CEO. He's watching Samra and observing his shetty CEOship.
The key is they have the products that seem to improve every six months. They are in a good space. They have unlimited pockets with Winston. Also, the poltiical contacts Chung has is crazy.
I am very confident in Winston CHung though. I have a feeling Chung is going to move his big assets into the company and bring in more funding. I think he also brings in a big time CEO. He's watching Samra and observing his shetty CEOship.
The key is they have the products that seem to improve every six months. They are in a good space. They have unlimited pockets with Winston. Also, the poltiical contacts Chung has is crazy.
tanner - that's what I"m banking on. If I was just getting in and I wanted to risk $1K, I might buy 300 shares now and put a bid go buy some at $1.05 and see if it ever gets that low. I have a shit load. I bought $150K worth at $1.00 a share 3 years ago. It hasn't been a good deal for me. hahaha. I'm looking for the AMEX.
Looks like we have some strong resistance at 1.15.
Everytime someone makes a big purchase to bring it to around 1.25, you have a selloff shortly after to bring it back down to the 1.15 range.
Looks like there are some true believers around the 1.15 mark.
When is the next earnings report coming out?
Everytime someone makes a big purchase to bring it to around 1.25, you have a selloff shortly after to bring it back down to the 1.15 range.
Looks like there are some true believers around the 1.15 mark.
When is the next earnings report coming out?
i noticed 4 market makers at 1.10 today and two at 1.12. There are NO funds, institutions or anything in this deal yet. As soon as somebody with deep pockets wants to get involved then its off to the races. I think its obvious that there is not a lot of shares being sold under $1.50. Looking forward to the AMEX or NASDAQ application.
Today the stock hit what? $1.29 on 15000 shares of buying? then it went 15 cents down?
Today the stock hit what? $1.29 on 15000 shares of buying? then it went 15 cents down?
Chop..... http://balqon.com/press_video.php
We're about $1.15 today. I talked to the biggest investor today. It would surprise me if the company, PR, everything doesn't go crazy this year. This bitch could hit $10.00 before December. I'm hoping for $5.00. Nobody knows about this beeeaach yet. They just hired one of the best PR firms in America. They are starting to package the company nicely.
I got them to press release the Bloomberg clip.
Lets wait to see and read the 1st quarter Q. I think we will see some great sheeeeet. I hope this bitch goes lower.
We're about $1.15 today. I talked to the biggest investor today. It would surprise me if the company, PR, everything doesn't go crazy this year. This bitch could hit $10.00 before December. I'm hoping for $5.00. Nobody knows about this beeeaach yet. They just hired one of the best PR firms in America. They are starting to package the company nicely.
I got them to press release the Bloomberg clip.
Lets wait to see and read the 1st quarter Q. I think we will see some great sheeeeet. I hope this bitch goes lower.
thanks man. I check this forum everyday for updates its much appreciated.
I am not a penny stock whore, this is the only stock I own under 4 a share.
I like a lot of what I have been reading.
Thanks much for the info.
I bought a decent amount of this. So good luck to us.
I am not a penny stock whore, this is the only stock I own under 4 a share.
I like a lot of what I have been reading.
Thanks much for the info.
I bought a decent amount of this. So good luck to us.
pretty pointless to read much into the action
as this issue is so damn thinly traded can easily bounce around on hardly any volume
its a gamble stock and you should be patient and wait for a cheap entry....if you don't connect there are millions of other fish in the sea....
will probably put in a bid around 80 cents again if we get back down near there.....starting to droop again....
as this issue is so damn thinly traded can easily bounce around on hardly any volume
its a gamble stock and you should be patient and wait for a cheap entry....if you don't connect there are millions of other fish in the sea....
will probably put in a bid around 80 cents again if we get back down near there.....starting to droop again....
the question you need to ask yourself is do you believe there is value at $1.10 a share. I personally think that there is a lot of value there. I'm not convinced the stock will take off because, so far, the management has not done anything to give me the confidence they can really tell a story and make us believe that Balqon could be the next Caterpillar. Who knows? I actually hope it drops a little more.
If these bastards hire a real CEO I am going to add a lot to my position. I want to kill the current CEO sometimes even though the guy is a pretty nice dude. haha. Amazing how stupid a big time engineer like Samra can be. The dude graduated top of his class in the number one university in India. It's almost a mircale if you get accepted. All that and the dude is too stupid to add investors. He literally has 700 shareholders after 3 years. Something is going to happen this year. Something big.
Good luck if you own a few shares. My dad owns it. My brother owns it. Everybody in my office owns some. I felt good enough to tell most of my associates to consider picking up a few shares and hold on. If I ever find out something big is coming or a big campaign I will say something like, "GETTTTTTTTTTTTMORE" haha.
Now, for some crazy gambling. I need some locks next week in the tourney. I'm 800 bucks down with my book which is a lot for me. I don't like gambling big money on sports so i"m pissed i'm down 800.
If these bastards hire a real CEO I am going to add a lot to my position. I want to kill the current CEO sometimes even though the guy is a pretty nice dude. haha. Amazing how stupid a big time engineer like Samra can be. The dude graduated top of his class in the number one university in India. It's almost a mircale if you get accepted. All that and the dude is too stupid to add investors. He literally has 700 shareholders after 3 years. Something is going to happen this year. Something big.
Good luck if you own a few shares. My dad owns it. My brother owns it. Everybody in my office owns some. I felt good enough to tell most of my associates to consider picking up a few shares and hold on. If I ever find out something big is coming or a big campaign I will say something like, "GETTTTTTTTTTTTMORE" haha.
Now, for some crazy gambling. I need some locks next week in the tourney. I'm 800 bucks down with my book which is a lot for me. I don't like gambling big money on sports so i"m pissed i'm down 800.
WHAT do yall think about this guys view?
As a 30-something progressive engineer I’m 100% in favor of greater efficiency, but what they're not telling you here is that the very expensive lithium battery packs are just an OPTION that is still in development at Balqon. They’re not coming soon and very few fleets will bother to buy them when they do.
In the meantime, the actual battery packs currently used on these Balqon trucks are super low-tech, inefficient lead acid units weighing 6 tons each---yes 6 tons, as in 12,000lbs--and they are mounted front-mid-ship. As a result, the front tire rolling resistance and wear is a major issue for these electric yard haulers, so much so that they require a custom, heavy-duty power steering system with an auxiliary cooling system. These systems alone consume a great deal of power because the front wheels are extremely difficult to turn when these trucks are stationary or running at low speed--a common occurrence as they maneuver around a dock or truck depot.
Balqon worked with a tire manufacturer and a hydraulic pump manufacturer to address these consequences, but to no avail. The trucks are simply too heavy, and there was no cost incentive. They’re lucky to get just a few hours from each battery pack at full (read most efficient) cargo load capabilities, so instead they run them with smaller loads. But that not even the REAL problem with these trucks.
What Balqon and the truck yards are really doing here is taking advantage of US federal and MI state legislation that gives them grant$ and tax incentive$ for both creating and using "greener" fleet vehicles, especially at truck yards and other cargo facilities. Just like they did in California, Balqon's home, when their trucks were introduced in The Port of Los Angeles--by deferring the actual power production from the former diesel truck engines to the local gas or coal-powered electric plants.
The electric truck manufacturer and suppliers get federal and/or state grant money and tax breaks, the truck yard owner in turn gets tax breaks, and the electric company makes more electricity = more money. It’s a $win, $win, $win for all of them--with no incentive to buy the more expensive yet more efficient Li-ion batteries. $hwinggg!!!
Now, if you actually added the #1) increased carbon footprint of those electric plants charging those inefficient lead-acid truck batteries with the carbon footprint required to: #2) Produce, ship, and recycle those low-tech lead acid batteries; #3) Produce and wear down more tires per year; #4) Charge all of the extra batteries required DAILY, and #5) Make more truck run$ per day, then you would see that these trucks actually cost more to run and produce MORE GREENHOUSE GAS EMISSIONS than it would to produce and run a fleet of lighter, more efficient high-tech turbo-diesel or turbo-diesel/electric hybrid trucks.
So it’s really all about GREENER WALLET$, not a greener environment. But why let the engineering facts get in the way of big money making more big money, especially from taxpayers. It’s SO much easier to extract tax dollars from naïve, bleeding heart, pimple-faced tree-huggers with no technical background when they sell it the other way around. $$$,$$$,$$$ (And no, I'm not a Republican! Just an engineer.)
At present, a turbo-diesel or a turbo-diesel/electric hybrid fleet is a FAR more energy and cost efficient solution--both $hort-term and long term, at the work $ite, AND to manufacture from cradle to grave. End of story.
Now, if they did switch to the far more expensive yet lighter, Li-ion (or even newer tech) batteries, AND used nuclear or solar power to charge the batteries, THEN it just might be a wash. Oh wait, the lithium is extracted from Chile, then shipped to China, then processed, then shipped to Japan to make the battery packs, then shipped to…OH, there we go with all those damn facts again!
As a 30-something progressive engineer I’m 100% in favor of greater efficiency, but what they're not telling you here is that the very expensive lithium battery packs are just an OPTION that is still in development at Balqon. They’re not coming soon and very few fleets will bother to buy them when they do.
In the meantime, the actual battery packs currently used on these Balqon trucks are super low-tech, inefficient lead acid units weighing 6 tons each---yes 6 tons, as in 12,000lbs--and they are mounted front-mid-ship. As a result, the front tire rolling resistance and wear is a major issue for these electric yard haulers, so much so that they require a custom, heavy-duty power steering system with an auxiliary cooling system. These systems alone consume a great deal of power because the front wheels are extremely difficult to turn when these trucks are stationary or running at low speed--a common occurrence as they maneuver around a dock or truck depot.
Balqon worked with a tire manufacturer and a hydraulic pump manufacturer to address these consequences, but to no avail. The trucks are simply too heavy, and there was no cost incentive. They’re lucky to get just a few hours from each battery pack at full (read most efficient) cargo load capabilities, so instead they run them with smaller loads. But that not even the REAL problem with these trucks.
What Balqon and the truck yards are really doing here is taking advantage of US federal and MI state legislation that gives them grant$ and tax incentive$ for both creating and using "greener" fleet vehicles, especially at truck yards and other cargo facilities. Just like they did in California, Balqon's home, when their trucks were introduced in The Port of Los Angeles--by deferring the actual power production from the former diesel truck engines to the local gas or coal-powered electric plants.
The electric truck manufacturer and suppliers get federal and/or state grant money and tax breaks, the truck yard owner in turn gets tax breaks, and the electric company makes more electricity = more money. It’s a $win, $win, $win for all of them--with no incentive to buy the more expensive yet more efficient Li-ion batteries. $hwinggg!!!
Now, if you actually added the #1) increased carbon footprint of those electric plants charging those inefficient lead-acid truck batteries with the carbon footprint required to: #2) Produce, ship, and recycle those low-tech lead acid batteries; #3) Produce and wear down more tires per year; #4) Charge all of the extra batteries required DAILY, and #5) Make more truck run$ per day, then you would see that these trucks actually cost more to run and produce MORE GREENHOUSE GAS EMISSIONS than it would to produce and run a fleet of lighter, more efficient high-tech turbo-diesel or turbo-diesel/electric hybrid trucks.
So it’s really all about GREENER WALLET$, not a greener environment. But why let the engineering facts get in the way of big money making more big money, especially from taxpayers. It’s SO much easier to extract tax dollars from naïve, bleeding heart, pimple-faced tree-huggers with no technical background when they sell it the other way around. $$$,$$$,$$$ (And no, I'm not a Republican! Just an engineer.)
At present, a turbo-diesel or a turbo-diesel/electric hybrid fleet is a FAR more energy and cost efficient solution--both $hort-term and long term, at the work $ite, AND to manufacture from cradle to grave. End of story.
Now, if they did switch to the far more expensive yet lighter, Li-ion (or even newer tech) batteries, AND used nuclear or solar power to charge the batteries, THEN it just might be a wash. Oh wait, the lithium is extracted from Chile, then shipped to China, then processed, then shipped to Japan to make the battery packs, then shipped to…OH, there we go with all those damn facts again!
I'm a big Natural Gas guy. Matter of fact, I brought in the biggest CNG guy in the country to BLQN to build a hybrid CNG/Lithium truck. Samra seemed interested but a few months ago it almost sounded like like he was over the hybrid idea because Winston was going to quadruple his output with the batteries.
The trucks improve a lot each year. Technology is changing fast. Our government is a joke. If BLQN can't make money in the US without tax money they should move their company overseas.
Diesel is kind of a joke compared to Natural Gas. LNG/CNG is the way to go. US has unlimited supplies. It's domestic, cheap, clean burning and already piped in throughout the US. BIg Oil and gov have been fawking us for decades.
Well, lithium is from China and South America so all we are doing now is sending our cash to China instead of towel head central.
I think BLQN continues to improve their technology, batteries, ext and they continue to get more big orders. Like it or not I think it continues to happen. If I was Obama I'd make a big push to CNG/LNG and let the other countries figure out the battery sheeeet for us.
It's tough not to like Balqon for me. I say that thinking CNG is the clear bridge to hydrogen. CNG makes the most sense but government will continue to send BLQN millions in taxpayer money so my stock goes up. THat's my hope. hahaha. I know the government is that stupid so I bank on the gov being that stupid.
Good luck. I enjoyed that post. Sweet stuff. Well thought out. I work with two enviro engineers and one specializes in energy effiency. Both of them invested heavily into the deal at $1.00 a share. Oh, the other engineer builds CNG stations. See gonaturalgas.com. Tim is the man. They bring in a lot of grants for the CNG sheeeet.
The trucks improve a lot each year. Technology is changing fast. Our government is a joke. If BLQN can't make money in the US without tax money they should move their company overseas.
Diesel is kind of a joke compared to Natural Gas. LNG/CNG is the way to go. US has unlimited supplies. It's domestic, cheap, clean burning and already piped in throughout the US. BIg Oil and gov have been fawking us for decades.
Well, lithium is from China and South America so all we are doing now is sending our cash to China instead of towel head central.
I think BLQN continues to improve their technology, batteries, ext and they continue to get more big orders. Like it or not I think it continues to happen. If I was Obama I'd make a big push to CNG/LNG and let the other countries figure out the battery sheeeet for us.
It's tough not to like Balqon for me. I say that thinking CNG is the clear bridge to hydrogen. CNG makes the most sense but government will continue to send BLQN millions in taxpayer money so my stock goes up. THat's my hope. hahaha. I know the government is that stupid so I bank on the gov being that stupid.
Good luck. I enjoyed that post. Sweet stuff. Well thought out. I work with two enviro engineers and one specializes in energy effiency. Both of them invested heavily into the deal at $1.00 a share. Oh, the other engineer builds CNG stations. See gonaturalgas.com. Tim is the man. They bring in a lot of grants for the CNG sheeeet.
That was not my comments. It was a post I found on the internet.
Been doing a lot of research. I compromised and bought more shares with a tighter stop loss. I have 3K now with a 95c stop.
Normally the more I buy of something the tighter I put my stop.
I had no stop for the first 700, but since im more invested now, im protecting my downside.
Been doing a lot of research. I compromised and bought more shares with a tighter stop loss. I have 3K now with a 95c stop.
Normally the more I buy of something the tighter I put my stop.
I had no stop for the first 700, but since im more invested now, im protecting my downside.
Oh. I missed that. I was going to respond to all the parts of that email that were not right but I had been drinking that evening. haha. BLQN did start with the led acid batteries but they are almost all lithium now. Not sure if its 100% or if they left a few of the heavier batteries to help with the torque. I forget what the indian bastard said.
They keep improving the range and I think by this time next year we triple the range again at the very minimum so one charge will easily exceed 400M is my best guess based on the comments of Winston and Samra in person and in recent interviews.
WIth that said, I still love CNG. Not sure if I mentioned this but we had a big grant we were going to apply for on behalf of BLQN to build a hybrid CNG/Electic truck. That would have been sick. Sarma seems to think Winston is almost there so no need. Kind of huge because I think we would have got the dough.
They keep improving the range and I think by this time next year we triple the range again at the very minimum so one charge will easily exceed 400M is my best guess based on the comments of Winston and Samra in person and in recent interviews.
WIth that said, I still love CNG. Not sure if I mentioned this but we had a big grant we were going to apply for on behalf of BLQN to build a hybrid CNG/Electic truck. That would have been sick. Sarma seems to think Winston is almost there so no need. Kind of huge because I think we would have got the dough.
they should file the K any day now. Matter of fact, my associate is filing the 10K so I'll check in with him. The 10Q is going to be the interesting filing. I little birdie has told me their are shipping a lot of crap so the Q should be very strong. That would summarize whatever they've done from Jan 1 - March 31. That will probably be filed around May 15.
