Rat
Posts: 924
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
Gold Member
Posts: 7391
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 blue Leaf SV w/premium package (owned)
'13 blue Leaf SV w/QC + LED & premium packages (lease over, car returned)
'06 Prius

mxp
Posts: 741
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: 2425
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)
59.7AHr, SOH 93%, 118k miles
9kW Solar

cmwade77
Posts: 42
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: 678
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

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