Lot78, Inc. (OTCBB: LOTE) is a business development company based in Connecticut. The Company plans to invest and help grow companies it believes are either under-preforming or would be helped by the business experience of the Company.
The company recently announced its intention to target opportunities associated with the province of Ontario’s announced $20 MM of incentives to build electric vehicle charging stations.
LOTE has signed an exclusivity agreement with sPARK (www.sparkev.ca) Electric Vehicle Charging to market, sell and install Lot 78, Inc.’s Juice Bar Electric Vehicle Charger (www.juicebarev.com) products in Canada. The Company is immediately targeting a 20% holding in an electric vehicle charging station company, Juice Bar EV.
As per management, this move is a direct result of company’s strategy to grow in the North American region. LOTE will be targeting governmental incentive opportunities like the one announced in Ontario Canada. These incentives will add a boost to its value proposition and accelerate robust growth model for the company.
LOTE’s electric vehicle charging station has already passed all regulatory requirements and the US Government (General Services Administration; GSA) approved its New Electric Vehicle Charging Stations for Federal Facilities. Annual expenditures in the GSA market are in the $25 billion range & GSA buys can be of any size; there’s no limit.
GSA’s acceptance of its electric vehicle charging station, known as Juice Bar EV, is further confirmation that the company has the right products, with the right team in place exactly at the right point in time.
Early this month, LOTE also announced its participation with Los Angeles Water and Power (LAWPD) in an innovative pilot program that uses light poles and the electricity from them to install electric vehicle (EV) charging stations.
As per management, this innovative program which leverages Juice Bar’s Mini Bar electric vehicle charging station and the company’s proprietary mounting system provides a quick and super cost effective way to add to any City’s EV infrastructure and is a true game changer for the future of electric urban mobility.
Given the transition to electric vehicles, with many countries focused on global warming, LOTE is well positioned to increase its position, substantially. Electric car companies, have been growing their production, and there has been a surge in demand for electric vehicles. Consequently, as more and more consumers potentially shift to electric vehicles, this is likely to increase the demand for LOTE charging stations.
Due to the aforesaid developments, company’s stock continues to witness strong upgrade. LOTE reported increase in price/volume backed by its robust guidance laying foundation for revenue visibility and business growth.
Also, given that LOTE’s offerings would attract a category of investors, which are environment friendly and demand investments in such businesses, it is logical, that company’s like LOTE could be a good option for secondary investment in the renewable energy sector.
Description & about the Company: The Company was incorporated in the State of Nevada on June 27, 2008. On March 14, 2011, it filed a Certificate of Amendment with the Secretary of State of Nevada changing the name of the Company to “Bold Energy, Inc.”
On November 12, 2012, the Company, then under the name Bold Energy, Inc., entered into a Share Exchange Agreement with Anio Limited a limited liability company established under the laws of the United Kingdom (“Anio Ltd.”), which conducts its primary line of business under the name Lot78, Inc. The company changed names to Lot78, Inc. on January 31, 2013. On July 15, 2016, the Company entered into a Letter of Intent to merge with Compound Holdings, LLC, a Connecticut limited liability company.
Subsequently, on July 18, 2016, the Company and Compound Holdings LLC entered into a definitive Agreement and Plan of Merger. Pursuant to the plan of merger, upon closing, the Company intends to change its name to Compound Holdings, Inc.
About sPARK: SPark currently offers premium electric vehicle charging technology, in combination with customized installations and creative marketing options in order to provide a unique charging experience. SPark also provides turnkey EV Charging solutions to residential and commercial, as well as industrial clients in Canada.
About Juice Bar: The Juice Bar charging station is not just an electric vehicle charging station; Juice Bar is a charging experience. Its highly visible premium charging stations provide an innovative concept in design and branding for Juice Bar EV charging station owners and creates a lifestyle option for end users.
The company has been aggressively focusing on its North American growth strategy & has announced its intention to target opportunities associated with the Province of Ontario’s announced $20MM of incentives to build electric vehicle charging stations.
Also, it has signed an exclusivity agreement with sPARK (www.sparkev.ca) Electric Vehicle Charging in order to market, sell and install Lot78’s Juice Bar Electric Vehicle Charger (www.juicebarev.com) products in Canada.
As per management, The Canadian electric vehicle charging station market is one that is rapidly emerging as an opportunity for major growth as more electric vehicles become available to the company’s neighbors to the north. Its Juice Bar Electric Vehicle Charging Stations has taken a decisive step in partnering with an innovative company like sPARK with its experienced and diversified management team.
Additionally, the company recently announced that it is participating with Los Angeles Water and Power (LAWPD) in an innovative pilot program, which uses light poles and the electricity in order to install electric vehicle (EV) charging stations.
Key Stock Influences & Risk Factors:
The company’s future prospects are significantly dependent on meaningful large-scale commercialization and market acceptance of its offerings. Therefore, its ability to successfully gain market share while diversifying its customer & regional base, is critical for its business risk profile.
The company is likely to generate substantial net losses and negative cash flow from operations over the near term. Therefore, LOTE’s available cash balance might not be sufficient to fund its anticipated level of operations for at least the next twelve months. Therefore, timely arrangement of incremental funding would remain a critical liquidity & financial flexibility factor.
The company is yet to achieve proper commercialization of operations & therefore do not have meaningful financial reporting yet.
On Friday, April 21st, 2017, LOTE shares declined by 18.75% to $0.65 on an average volume of 237,365 shares exchanging hands. Market capitalization is 106.93M. The current 14 days RSI is 48.97
In the past 52 weeks, shares of LOTE have traded as low as $0.17 and as high as $8.25 (stock split happened on Oct 31st 2016, 1:275)
At $0.65, shares of LOTE are trading above their 50-day moving average (MA) at $0.6.
The present support and resistance levels for the stock are at $0.5933 & $0.7633 respectively.
About Traders News Source:
Traders News Source recent profiles and track record, 534% in verifiable potential gains for our members on 3 small cap alerts alone!
January 31st, 2017 (NASDAQ: HIMX) opened at $5.10/share and hit a high of $9.68/share March 24th, 2017 for gains of 89% within 60 days- http://finance.yahoo.com/news/himax-technologies-review-4q-2016-130000319.html
February 6th, 2017- (NASDAQ: SCON) opened at $1.12/share hit a high of $1.80/share within 10 days our member potential gains- 60% – http://finance.yahoo.com/news/superconductor-technologies-potential-revolutionize-smart-130000844.html
March 6th, 2017 (OTC: USRM) opened at .035/share and hit over .17/share within 25 days for gains of 385% for our members- http://finance.yahoo.com/news/traders-news-issues-comprehensive-report-130000743.html
These are numbers that make traders drool. Any trader in any market would fall all over themselves to see numbers like this. So, if you’ve been on the fence, perhaps it’s time to start doing some research and verify our numbers for yourself. We are constantly raising the bar and separate ourselves from the rest of the small-cap newsletters as the best in business.
We know with a large following comes a large responsibility as we have everyone from institutional investors to the beginner following our profiled securities in our newsletters. This is something we take very seriously always seeking small cap growth companies that have both near and long-term potential for our members.
***Get our small cap profiles, special situation and watch alerts in real time. We are now offering our VIP – SMS/text alert service for free, simply text the word “Traders” to the phone number “25827” from your cell phone***
Traders News Source is a wholly owned subsidiary of Traders News Source LLC, herein referred to as TNS LLC.
Traders News Source has not been compensated for this report by anyone and the opinions if any are that of the author Vikas Agrawal, CFA. Author’s Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I, wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in the article.
This web site, published by TNS LLC, and is an investment newsletter that is built on the premise of assisting individual investors in learning about investing. Our goal as publishers of financial information is to provide research and analysis of investments to our subscribers. TNS LLC does not give buy or sell recommendations. We do purchase distribution rights from analyst, financial writers and bloggers for a fee that may be licensed to issue price targets and recommendations. Furthermore, we encourage you to speak to a licensed professional prior to making an investment in any type of publicly traded security.
We do sell advertising to other companies including brokerage firms, web sites, publicly traded issuers, investor relations firms, and investment publications, among others. TNS LLC makes no warranty as to the policies of these organizations, and in no way endorses their offers, services, or the content of their advertisements.
When an advertiser is a publicly traded company or a third party acting on behalf of a public company, we fully disclose all compensation in the email advertisement. Such disclosure is included in a disclosure statement in each of the advertisements sent via email.
Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The disclaimer is to be read and fully understood before using our services, joining our site or our email/blog list as well as any social networking platforms we may use.
PLEASE NOTE WELL: TNS LLC and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever.
Release of Liability: Through use of this website viewing or using you agree to hold TNS LLC, its operator’s owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. TNS LLC encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and TNS LLC makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herein. Instead TNS LLC strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D.
TNS LLC is compliant with the Can Spam Act of 2003. TNS LLC does not offer such advice or analysis, and TNS LLC further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor’s investment may be lost or impaired due to the speculative nature of the companies profiled.
The Private Securities Litigation Reform Act of 1995 provides investors a ‘safe harbor’ in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be “forward looking statements”. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as “projects”, “foresee”, “expects”, “will”, “anticipates”, “estimates”, “believes”, “understands”, or that by statements indicating certain actions & quote; “may”, “could”, or “might” occur.
Understand there is no guarantee past performance will be indicative of future results. In preparing this publication, TNS LLC has relied upon information supplied by its customers, publicly available information and press releases which it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. The advertisements in this website are believed to be reliable, however, TNS LLC and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. TNS LLC is not responsible for any claims made by the companies advertised herein, nor is TNS LLC responsible for any other promotional firm, its program or its structure.