Blink's Public Offering

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Rat

Well-known member
Joined
Apr 25, 2010
Messages
977
Location
Silicon Valley
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.
 
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.
 
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 said:
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.
 
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.
 
So, did anyone here made a killin' ????

https://www.marketwatch.com/story/blink-charging-shares-skyrocket-31-after-whole-foods-partnership-announced-2018-05-07

Just imagine if you had put a $100k and made it off today. Early retirement!! ;-P
 
mxp said:
So, did anyone here made a killin' ????

https://www.marketwatch.com/story/blink-charging-shares-skyrocket-31-after-whole-foods-partnership-announced-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.
 
cwerdna said:
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.
 
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 said:
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.
 
mxp said:
https://www.marketwatch.com/story/blink-charging-shares-skyrocket-31-after-whole-foods-partnership-announced-2018-05-07
I hope they remain free, like the current Whole Foods EVSEs (and unlike any Blink station I've seen).
 
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