Because right before founding ELMS Jim Taylor was the CEO of SERES! You agree that the expressions of information in this report are copyrighted and owned by Fuzzy Panda Research, and you therefore agree not to distribute this report or any excerpts from it (whether the downloaded file, copies / images / reproductions, or the link to these files) in any manner other than by providing the following link: www.fuzzypandaresearch.com. 1. LEADERS TURN WHAT WAS, IN TO WHAT IS, AND WHAT WILL BE. This is a university level policy., Salesmen also think the vehicle is most comparable to a Golf Cart.. in ELMS Electric Last Mile Solutions (ELMS) is a SPAC that was founded in November of 2020 by James (Jim) Taylor. The best pitch decks start with a real problem. PDF HTML. At Electric Last Mile Solutions, Inc., we promise to treat your data with respect and will not share your information with any third party. We spoke with a former GM colleague of Jims to see if a horrible related party deal was something he was likely to execute. Theres even room for more lines. Elms College is a modern part of a living tradition established over 300 years ago by the Sisters of St. Joseph a bold group of devout, progressive changemakers. In March, the company had announced it was under investigation by the U.S. Securities and Exchange Commission (SEC). Notably he left right before the Q3-2021 results so this long-time experienced CFO was not the CFO that signed off on ELMS first revenue reports. Yet, ELMS decided to pay 50% more than the factory cost the previous owner SERES. We are short ELMS because we think they have taken misleading statements to investors to a different level and gone beyond just exaggerating the size of their order book. endobj SEC Filings; . Presentations are particularly important to small. Our Intelligent Data Services help your organization do amazing things with your data by transforming how you protect, store, and use it. All rights reserved. Thus, excluding the factory payment liability ELMS really only has ~$66.4m or ~$0.56 per share as of 12-31-2021 and since ELMS is currently burning an estimated $11.25m per month that puts them at ~$55m or $0.47 today. Session 4 - Empowering employees, Delighting customers. According to ELMS order agreement with used and new car dealer Randy Marion Automotive Group, all the vehicles ELMS has sold to them are actually eligible for return via a Buyer Put Right. Thus, Randy Marion is able to return any unsold inventory to ELMS (pg 5). Presentation. EV Company Electric Last Mile to List on Nasdaq Through Merger With Last month, the company warned that it might run out of cash during June. Investor Relations . He writes for InvestorPlaces Todays Market team, which centers on the latest news involving popular stocks. ELMS has imported 23 of the Yuejin Electric Light Trucks to date a.k.a. Investor Relations - Sono Motors ELMS is yet another Workhorse-connected casualty founded by another former Workhorse CEO. There is little to no demand and pilot customers arent ordering. The Buyer Put Right Returnable 1 year later! View All Presentations; Investor Email Alerts. Jim was not only a former Workhorse Group CEO & Chairman himself but also but he was also the chairman and mentor that oversaw Steve Burns as CEO. Super Group has provided first-class entertainment to the worldwide betting and gaming community for over 20 years. presentation, and Forum III's filings with the SEC for a discussion of the risks that can affect the business combination, Forum III's business, and the business of the . This presentation (together with oral statements made in connection herewith, this "Presentation") is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination between Lion Buses Inc. (d/b/a The Lion Electric Co.) ("Lion Electric" or . You must click the activation link in order to complete your subscription. Electric Last Mile will be the first post-SPAC electric vehicle (EV) maker to file for bankruptcy. ?t E^Q(V l6#~hLz^ .,_+aD(.=RqM %[J Q4 2015 Generac Holdings Inc. Earnings Conference Call. To view the PDFs you will need the free Adobe Acrobat reader. Sign up to receive updates, news articles, recent blog posts and more! ELMS founding CTO Kev Adjemian and the General Counsel & Chief Legal Officer Benjamin Wu both left the company November 2021. Gateway Investor Relations Matt Glover & Tom Colton T: 949-574-3860 [email protected] Transfer Agent. Company Presentation Stock Information NASDAQ: SEV $0.62 ISIN NL0015000N74 WKN A3C7QW Change -0.2218 (-26.40%) Volume 2,913,929 52 Week High $8.75 52 Week Low $0.79 24 February, 2023 10:57 AM EST Data Provided by Refinitiv. We're empowering communities to unlock true sustainability. Electric Last Mile Solutions, Inc. - Investor Relations You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Outset (Nasdaq: OM) is a medical technology company pioneering a first-of-its-kind technology to reduce the cost and complexity of dialysis. Formers employees told us that in 2020 the parent company was intending to take a large write-down on the factorys asset value. Since the departure of the two executives, Electric Last Mile has been unable to obtain financing. Full details can be found on the Contact Us tab above. You should assume that as of the publication date of their reports and research, Fuzzy Panda and possibly any companies affiliated with them and their members, partners, employees, consultants, clients and/or investors (the Fuzzy Panda Affiliates) have a short position in all stocks (and/or options, swaps, and other derivatives related to the stock) and bonds of companies covered in such reports and research. Jim was not only a former Workhorse Group CEO & Chairman himself but also but he was also the chairman and mentor that oversaw Steve Burns as CEO. Investor Relations :: Lightning eMotors, Inc. (ZEV) This is not an offer to sell or a solicitation of an offer to buy any security, nor shall Fuzzy Panda offer, sell or buy any security to or from any person through this site or reports on this site. Session 1 - GPS Strategy Execution. You can sign up for additional alert options at any time. Import-export records show that thus far ELMS have imported an estimated 385 Urban Delivery Vans in 2021 and another 20 in 2022. As of 1-31-2022 we believe ELMS only has ~4.9 months of cash remaining. Minimum 15 minutes delayed. % All of these companies are fleet brokers so dont directly purchase vehicles. Luminar Technologies, Inc. (LAZR) However, sales reps at Randy Marion (the only authorized ELMS dealer) told us in January 2022 that they currently have ~250 available on their lot today. PDF February 2021 - Forum Merger INVESTOR PRESENTATIONS | Equity LifeStyle Properties, Inc. Archived Events. FY22 Q1 Earnings Release Presentation RYVYL OFFERS THOUGHTFUL PAYMENT SOLUTIONS BUILT ON THE STRENGTH OF BLOCKCHAIN. 450-432-5466. ELMS is importing fully assembled Chinese vehicles and misleading their customers by saying they were Made in the USA or Produced in Mishawaka, Indiana.. ELMS is an EV pretender formed just 1 month before it announced going public. 2U, Inc. Fourth Quarter and Full Year 2022 Earnings Call. At Electric Last Mile Solutions, Inc., we promise to treat your data with respect and will not share your information with any third party. Their stock wouldve taken a massive hit.. Their vehicles are made and assembled in China, not manufactured in the USA. Purchased from the company ELMS recently fired CEO used to run at a >, A factory they overpaid for from the CEOs former company, Carrying Volume 170 cubic feet of carrying volume (, Glovis pilot Glovis announced a pilot of ELMS. Why Is Novavax (NVAX) Stock Up 12% Today? With more than 850 fast charging locations, EVgo's charging network serves over 60 metropolitan areas across 30 states, owns and operates the most public fast charging locations in the U.S. and serves more than 500,000 . Fuzzy Pandas research and reports express their opinions, which are based upon generally available information, field and online research, and inferences and deductions through due diligence and the analytical process. We are now a publicly-traded company as of November 5th, 2021. Arrival has developed a revolutionary process of design and production - an entirely new approach to creating electric vehicles. BSE India. Investor Presentation for 2022-2023 Q3 FY23 Investor Presentation 25th Jan 2023 Q2 FY23 Investor Presentation 04th Nov 2022 Q1 FY23 Investor presentation 29th Jul 2022 BSE and NSE Quotes by TradingView The displayed data is not in real time and may have streaming delays. Sign up below to get this incredible offer! The most we saw in any visit was ~35 vehicles another trip. The presentation provides an overview of what investors are looking for and how to present your business in order to attract their attention. Q3 2015 Generac Holdings Inc. Earnings Conference Call. Electric Last Mile Solutions, Inc. - Events & Presentations The Urban Utility vehicles that ELMS recently revealed was actually manufactured and assembled by SAIC Yuejin. Investor Relations. The events schedule will be published shortly. It also includes tips on how to structure your company, find the right partners, and develop a strong team. Q4 Revenue was $11.1M within expectation range. Did the former CFO, CTO, and GC know something that the market still hasnt priced in? INVESTOR PRESENTATIONS | Generac Holdings Inc. endobj We are a leading developer and producer of commercial electric vehicle technology with an integrated business model focused on providing end-to-end solutions that enable commercial vehicle electrification through three main business units: Proterra Powered, Proterra Energy, and Proterra Transit. Investors | nnox stock | nanox stock | Nano-X Imaging LTD. Source: Shutterstock. Investor Relations | JTC It just didnt make sense to order at that price point.. Overview | Xos, Inc. Depositphotos - Paha_L. Transfer Agent. Kuaishou has relentlessly been focusing on serving its customers and creating value for them through the continual innovation and optimization of its products and services. SEC reports also show ELMS did not yet receive any cash from the Q3 booked sales. Company Profile. We believe ELMS needs to raise more capital immediately. PDF Version. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Proterra Inc. - Investor Relations May 10, 2022. Weve spoken with multiple of ELMS customers who piloted the ELMS Urban Delivery Vehicle for FREE. Find out more about Super Groups governance and access our range of key documents. Ginkgo has also actively supported a number of COVID-19 response efforts, including community testing, epidemiological tracing, vaccine development and therapeutics discovery. PDF . Investor Presentations | Inc.com You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. If you have obtained Fuzzy Pandas research in any manner other than by downloading from that link, you may not read such research without going to that link and agreeing to the Terms of Service. Burns is the disgraced Lordstown Motors's CEO. Commvault is a global leader in data management. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. During the middle of one weekday, we discovered a total of just 13 vehicles in the ELMS employee parking lot. They told us: Even the spokesman for Randy Marion Automotive during his test drive for advertising the vehicle exclaims: Its topping out at 20 miles per hour, thats full throttleit drives basically like a golf-cart.. Events and Presentations | Lilium N.V. ELMS announced generating 30,000 pre-orders and are going public , ELMS update market they have more than 45,000 pre-orders . If they dont raise additional capital, we estimate they will run out of cash within the next 5 months. We found a multitude of ELMS Urban Delivery & Urban Utility vehicles that import-export records indicate were likely recently imported from China laying around. Is sending SPAC IPO proceeds back to the CEOs former company self-dealing? Fuzzy Panda and the Fuzzy Panda Affiliates do not render investment advice to anyone unless they have an investment adviser-client relationship with that person evidenced in writing. Investor Presentation | Cipla VP, IR and Sustainable Development, isabelle.adjahi@thelionelectric.com NASDAQ: ELMS $0.19 Vol: 15,717,841 Investor Relations "I want to assure all our stakeholders, including customers, suppliers, investors and employees, of our continued focus and dedication to the Company's ongoing business and mission." - Shauna McIntyre, ELMS Interim CEO and President ELMS Locations Troy, MI (Headquarters) Mishawaka, IN How to Create an Investor Presentation [Templates + Tips] - Visme Blog Allegro's diverse product portfolio provides efficient and reliable . Empire Stock Transfer Inc. 1859 Whitney Mesa Dr. Henderson, NV 89014 Equity LifeStyle Properties, Inc. Two North Riverside Plaza Chicago, Illinois 60606 1-800-274-7314 Arlo - Investor Relations EV Company News For The Month Of February 2023 We suspect ELMS bought their Mishawaka factory to bail out the company that ELMS founder and CEO was running right before creating ELMS. Industry. Today, it carries a market cap of about $23 million. Quick Links. 65. MSU administrators we spoke with said the vehicle ran fine but they didnt order it because the ELMS Urban Delivery performance was only slightly better operationally than MSUs current EV golf-carts but ELMSs vehicles were too expensive. 1125 N. Charles St, Baltimore, MD 21201. SEC Filings; News; Governance Documents; Contact Us. Innovation with Purpose. Stem Inc. - Stock & Financials Stock & Financials Stock Quote Price $7.96 Volume 223,021 Change + 0.14 % Change + 1.79% Today's Open $7.96 Previous Close $7.82 Intraday High $7.99 Intraday Low $7.82 52 Week High $18.02 52 Week Low $5.72 Pricing delayed by 20 minutes. LinkedIn records indicate there are only 16 ELMS employees in that South Bend area. Latest Presentation Jan 11, 2023 Investor Presentation View Presentation View All Presentations Recent Event Feb 7, 2023 10:00 am MST Special Meeting of Stockholders View All Events Latest Financial Results Q3 2022 Quarter Ended Sep 30, 2022 Earnings Release PDF HTML Audio Earnings Webcast Earnings Presentation PDF Transcript PDF 10-Q PDF HTML XBRL They booked their first revenue and deliveries in Q3-2021. Home - Elms College After submitting your request, you will receive an activation email to the requested email address. This investor presentation (the "presentation")is for information purposes only to assist interested parties in making their own evaluation with respect to the possible transaction (the "Transaction")between Forum Merger III Corporation ("Forum")and Electric Last Mile, Inc. ("ELMS"). =BVIluaM59x^69=]j!+m{a%C/U ]v% 5jh.ocsIS&D,'zCO>jsZBe.DV3]U,FO]sV"&ow;/%]:k'L?r^ Super Group (SGHC) Limited - Investor Relations 2023 InvestorPlace Media, LLC. Five Elms is the ideal partner for leading B2B software companies We invest $5-75 million in companies with $2-20 million in revenues. The investor presentation we used to raise $2 million T: +44 20 7484 5361 / E: contact@pantheonresources.com, T: +44 20 7484 5359E: contact@pantheonresources.com, USA, North Slope Alaska Oil Appraisal and Development. Fuzzy Panda makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. Shares of ELMS stock are now down more than 95% year-to-date. SERES initially bought the plant for $110 million invested and ~$15 million in capex for retooling. Xos is a leading manufacturer of fully electric, zero-emission medium- and heavy-duty commercial vehicles, powertrain components, and charging infrastructure. The lack of assembly or modifications by ELMS is also shown by the fact that Wulings EV50 had the same specs as the ELMS Urban Delivery Vehicle. The factory was purchased at a ridiculously high price which bailed out ELMS CEOs former Chinese company. Lions current development pipeline consists of six additional all-electric urban vehicles. EVgo is the nation's largest public fast charging network for electric vehicles, and is powered by 100% renewable energy. 1125 N. Charles St, Baltimore, MD 21201. The events schedule will be published shortly. Instead of negotiating a great deal for the ELMS shareholders James (Jim) Taylor, CEO, who was just fired, decided to pay more than the factory had cost to SERESfor a scraped factory. Session 2 - Axis 2.0 Digital Bank. Second Quarter 2021 Financial and Operating Highlights Financial Highlights Revenues of $19.3 million . Session 6 - MSME. Burns is the disgraced Lordstown Motorss CEO. David Elms - Janus Henderson Investors - US Advisor You must click the activation link in order to complete your subscription. Investor Relations. ELMS Utility Vehicle turns out is actually SAICs Yuejin EV Light Truck with an ELMS logo. In addition, BDO LLP, the companys auditor, quit just one week after the two executives left. But by July 2019, SERES had already announced they were halting production and announced large layoffs. Internet Retail. Last Updated 02/27/2023 09:41 AM EST Stock Chart From: To: ELMS magical pre-order numbers make more sense once you realize the CEO, James Taylors, connection to Lordstown Motors management team. Be in the Know. Shares of ELMS stock are now down more than 95% year-to-date. - Shauna McIntyre, ELMS Interim CEO and President. 10-K Filing. <> Electric Last Mile Solutions (ELMS) is a SPAC that was founded in November of 2020 by James (Jim) Taylor. You must click the activation link in order to complete your subscription. Stem Inc. - Stock & Financials ZIP. American Stock Transfer & Trust Company, LLC 6201 15th Avenue Brooklyn, NY 11219 T: 800-937-5449 help@astfinancial.com EVgo - Investor Relations Investor Relations :: Workhorse Group, Inc. (WKHS) You further agree that any dispute between you and Fuzzy Panda and their affiliates arising from or related to the material on their website shall be governed by the laws of the State of California, without regard to any conflict of law provisions. Former Chairman and CEO of Workhorse. Investor Relations Core Scientific develops and operates high-performance, large-scale blockchain data centers to produce digital assets for our company and our clients. ELMSs major customer is Randy Marion Automotive Contracts show that Randy Marion has the right to RETURN all the vehicles purchased from ELMS. Investor Relations | Kuaishou Technology All expressions of opinion and conclusions are subject to change without notice, and Fuzzy Panda does not undertake to update or supplement any reports or any of the information, analysis and opinion contained in them. Specialty Retail. Investors can read our past Trend Investing article: "Tesla - A Look At The Positives And The Negatives", where we rated the stock a buy. By providing your email address below, you are providing consent to Electric Last Mile Solutions, Inc. to send you the requested Investor Email Alert updates. You knowingly and independently agree to submit to the personal and exclusive jurisdiction of the state and federal courts located in California and waive your right to any other jurisdiction or applicable law. A new presentation will be published shortly. Safety Testing Customer Configuration Video . A Chapter 7 filing allows a company to liquidate its assets in order to pay off creditors. The SERES factory payments currently amount to $4.5m per month. Investor Conference Call Transcript December 11, 2020 . Nasdaq After submitting your request, you will receive an activation email to the requested email address. Further, any report on this site contains a very large measure of analysis and opinion. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. LEARN MORE Fuzzy Panda and the Fuzzy Panda Affiliates intend to continue transactions in the securities of issuers covered on this site for an indefinite period after their first report on a subject company, and they may be short, neutral, or long at any time hereafter regardless of initial position and the views stated in Fuzzy Panda research. the ELMS Urban Utility Vehicle. Unfortunately, there were too many obstacles for us to overcome in the short amount of time available to us.. Article printed from InvestorPlace Media, https://investorplace.com/2022/06/elms-stock-plunges-60-as-electric-last-mile-announces-liquidation/. Investor Relations | Commvault Generac Holdings Inc Second Quarter 2015 Earnings Call. We believe the story will end up the same as Workhorse & Lordstown Motors. The company decided to pursue Chapter 7 after a comprehensive review of the companys products and commercialization plans showed no better options for shareholders. . We visited the ELMS factory at 12900 McKinley Highway, Mishawaka, Indiana multiple times during the middle of the workday in January 2021 to see if there was a chance that import-export records were incorrect and that ELMS was actually manufacturing or producing any vehicles on-site. ELMS management quickly changed the subject without providing any answers. Nov 8, 2022 at 8:00 AM EST Arrival Third Quarter 2022 Financial Results Webinar. 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