Rat
Posts: 926
Joined: Sun Apr 25, 2010 7:47 pm
Delivery Date: 08 Sep 2011
Location: Silicon Valley
Contact: Website Twitter

Blink's Public Offering

Fri Jan 12, 2018 10:12 am

Did anyone else get an email about investing in Blink's new public offering? I find a few things disturbing about it. The address they give in N. Hollywood, FL as company HQ is located in a second rate area and their name does not appear on any buildings there according to Google Earth/Maps. Maybe they very recently moved and the maps haven't updated. The offering says they are "formerly known as" Car Charging Group, which does show up in a bank building in Miami Beach in MapQuest and Google Maps. That's the company name in Wikipedia. I've never heard of the underwriters or anyone else associated with the offering. Since I'm not investing, that doesn't particularly disturb me, but what concerns me is whether the company is in trouble. My home Blink Level 2 EVSE has worked great since 2011 (other than one burned out circuit board which they promptly replaced at no cost) but their QC units have had reliability problems, I believe. I no longer even try to QC. They're trying to raise money and they changed their name. Whether that's due to problems or due to a plan to expand, I don't know. I just want to know that someone will be there to replace or fix my unit in the future. The company operates at a loss according tot he offering. If anyone knows anything about this, please share.

cwerdna
Posts: 8301
Joined: Fri Jun 03, 2011 4:31 pm
Delivery Date: 28 Jul 2013
Location: SF Bay Area, CA

Re: Blink's Public Offering

Fri Jan 12, 2018 10:17 am

I also got the email but was confused since they were publicly listed. Their financials have been VERY scary as CCGI then Blink, which I’ve posted about numerous times. See annual and quarterly stats from https://finance.yahoo.com/quote/CCGI/financials?p=CCGI.

CCGI bought out the bankrupt carcass of ECOtality/Blink long ago.

No way I’m investing in this.

'13 Leaf SV w/premium package (owned)
'13 Leaf SV w/QC + LED & premium packages (lease over, car returned)
'06 Prius

Please don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

mxp
Posts: 754
Joined: Fri Apr 23, 2010 9:32 pm
Delivery Date: 26 Jun 2015
Location: Fremont, CA

Re: Blink's Public Offering

Fri Jan 12, 2018 1:56 pm

I received the email as well.
I am interested to see what the wall street /general finance community says about this IPO.

If there's market interest and positive sentiment from wall street, then why not participate in the IPO?

Look at Bitcoin, it doesn't make any sense, primarily driven by speculation, lots of FUD and yet..; tons of people made money. ;-P

cwerdna wrote:I also got the email but was confused since they were publicly listed. Their financials have been VERY scary as CCGI then Blink, which I’ve posted about numerous times. See annual and quarterly stats from https://finance.yahoo.com/quote/CCGI/financials?p=CCGI.

CCGI bought out the bankrupt carcass of ECOtality/Blink long ago.

No way I’m investing in this.

Valdemar
Posts: 2504
Joined: Tue May 10, 2011 10:32 pm
Delivery Date: 09 Sep 2011
Location: Oak Park, CA

Re: Blink's Public Offering

Fri Jan 12, 2018 5:00 pm

I wonder if whatever they are smoking is now legal in California too.
'11 SL, totaled
-1CB@33k/21mo, -2CB@53k/33mo, -3CB@68k/41mo, -4CB(41.5AHr)@79k/49mo, -5CB(38.85AHr)@87.5k/54mo
-0CB(66.14AHr)@87.5k/54mo (BBB), -1CB(53.92Ahr)@140k/29mo,
53.92AHr, SOH 84.5%, 140k miles

9kW Solar

cmwade77
Posts: 137
Joined: Tue Nov 14, 2017 5:04 pm
Delivery Date: 15 Nov 2017

Re: Blink's Public Offering

Fri Jan 12, 2018 5:39 pm

Not only would I not even consider buying a single share of Blink (even if it were only $0.01), they couldn't pay me enough to take shares.

Their chargers are almost always broken when you get to them and if you find one that works, they charge $0.49/kwh for Level 2 and $0.59/kwh for DC Quick Charging out here and that is outrageously high. Add into that the fact that often their chargers trip a charge error on the car and it becomes painfully obvious that their chargers should be avoided.

So unless I am really, really stuck somewhere to the point that I have no other options (which is very rare), I will use anyone else, even someone's home charger over Blink.

So I would strongly advise against buying into Blink personally, but so far that seems to be the consensus here.

Evoforce
Posts: 831
Joined: Wed Mar 04, 2015 9:58 pm
Delivery Date: 28 Feb 2015
Location: Fountain Hills Arizona

Re: Blink's Public Offering

Sat Jan 13, 2018 12:41 am

I agree that Blink equipment is not the most reliable but they are still far less expensive then NRG.
*2011 Leaf 1 bought 2/28/15 @ 28,000ish mi 10 bar (8 bars @ 11/25/15 @ 37,453 ) (New lizard @ 39,275 mi @ 1/20/2016) Now 52,166 mi.
*Tesla Model S 61,000 mi
*2011 Leaf 2 bought 4/28/15 @ 24,000ish mi 12 bar (new lizard Dec. 2014 @ 22,273 mi) Now 35,485 mi

mxp
Posts: 754
Joined: Fri Apr 23, 2010 9:32 pm
Delivery Date: 26 Jun 2015
Location: Fremont, CA

Re: Blink's Public Offering

Tue May 08, 2018 12:51 am

So, did anyone here made a killin' ????

https://www.marketwatch.com/story/blink ... 2018-05-07

Just imagine if you had put a $100k and made it off today. Early retirement!! ;-P

cwerdna
Posts: 8301
Joined: Fri Jun 03, 2011 4:31 pm
Delivery Date: 28 Jul 2013
Location: SF Bay Area, CA

Re: Blink's Public Offering

Tue May 08, 2018 1:02 am

mxp wrote:So, did anyone here made a killin' ????

https://www.marketwatch.com/story/blink ... 2018-05-07

Just imagine if you had put a $100k and made it off today. Early retirement!! ;-P

Thinkorswim (https://www.thinkorswim.com/t/trading.html, my trading platform) seems to only go back as far as 12/28/09 for BLNK shares. It closed that day at $1,475/share (adjusted for reverse splits, it seems). It closed on 5/7/18 at $4.04. It's also down, YTD.

Looking at the charts, there was a MASSIVE spike in volume on 5/7. Not a single day on my charts is even close. I guess there was a lot of short covering and a short squeeze besides other folks piling in to buy.

'13 Leaf SV w/premium package (owned)
'13 Leaf SV w/QC + LED & premium packages (lease over, car returned)
'06 Prius

Please don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

lorenfb
Posts: 1845
Joined: Tue Dec 17, 2013 10:53 pm
Delivery Date: 22 Nov 2013
Leaf Number: 416635
Location: SoCal

Re: Blink's Public Offering

Tue May 08, 2018 8:50 am

cwerdna wrote: I guess there was a lot of short covering and a short squeeze besides other folks piling in to buy.


Yes, that's what probably occurred. Is there much upside from here? It's highly doubtful given their market and its profit potential.
Should have bought Nvidia when Tesla switched from Mobileye, i.e. then at about $80-$90, now ~ $250, given many on MNL "close
to" the BEV happenings - my loss.
Leaf SL MY 9/13: 70K miles, 49 Ahrs, 5.1 miles/kWh (average), Hx=70, SOH=78, L2 charges to 100% > 1000, max battery temp < 95F (35C), min discharge point > 20 Ahrs

mxp
Posts: 754
Joined: Fri Apr 23, 2010 9:32 pm
Delivery Date: 26 Jun 2015
Location: Fremont, CA

Re: Blink's Public Offering

Tue May 08, 2018 6:25 pm

The intraday change today is huge. It closed today 5/8/18 at $6.60.
Decent money to be made if you're the gambling type of guy... ;-P ;-P

cwerdna wrote:Thinkorswim (https://www.thinkorswim.com/t/trading.html, my trading platform) seems to only go back as far as 12/28/09 for BLNK shares. It closed that day at $1,475/share (adjusted for reverse splits, it seems). It closed on 5/7/18 at $4.04. It's also down, YTD.

Looking at the charts, there was a MASSIVE spike in volume on 5/7. Not a single day on my charts is even close. I guess there was a lot of short covering and a short squeeze besides other folks piling in to buy.

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