Former Saab automobile bought by scam company?

Admin

Administrator
Moderator
Messages
3,677
#1
When saab automobile went bankrupt they ended up being bought by what became "National Electric vehicle Sweden" who utterly failed at actually sell any significant amount of cars. Their company were restructed multiple times until the now bankrupt chinese real estate company evergrand bought it. Evergrand thought they could turn it into the leading EV manufacturer but instead they ended up just spending loads of money on a business who didn't really produce anything in terms of products people actually wanted to buy.

Note that they had multiple products who actually reached the market but the sales were always disastrous starting with the around 1000 gasoline-powered saab 9-3 cars, they couldn't even get all 1000 sold so they ended up cutting the price down and selling them to their employees.

Later when the money from evergrand stopped flowing NEVS had to fire almost all their employees and they then revealed their "Emily GT project they had worked on. Unfortunately no serious company wanted to purchase any of their projects so they ended up having to sell to what seems like a scam company

https://www.accesswire.com/viewarticle.aspx?id=812216&lang=en

Some people did examine their business and found out that "EV electra" isn't actually making any cars. Instead they tried scamming people with crypto and just used electric vehicles as a prop for that.

Here they claim that they tokenized their shares as ERC20 tokens only to later delete that article from their website

http://web.archive.org/web/20230322034802/https://evelectra.com/announcement-of-the-launch-of-the-tokenization-of-ev-electras-shares/
 

Admin

Administrator
Moderator
Messages
3,677
#2
EV Electra going public in the Canadian stock Market
Archived from the link above.

Monday, November 15, 2021 – 12:00 p.m. – Amsterdam
EV Electra announces its launch of its publicly traded equity through the formation of a Dutch public company under the name of EV Electra N.V. The shares of the company have been tokenized (digitalized) as ERC20 tokens on the Ethereum blockchain and have been listed on the World Equity Expo exchange (https://worldequityexpo.com/) under ticker symbol “EVNOW”. In the near future, the company intends to list its equity on a major European regulated or MTF stock exchange as the next step on its growth path.

With a third-party valuation of the business of approximately EUR 12.5 billion, EV Electra has already received a large number of inquiries regarding the private sales phase of the dematerialized shares.

EV Electra announces the start of its public token sale on Monday, November the 15th 2021 at 12:00 p.m., releasing quantities of tokenized shares for prospectors at a starting price of EUR 11.24.

EV Electra N.V. will invest the net proceeds in further expansions, acquisitions and development to reach a high market share with high quality electrical vehicles and commits to its continued research and development as well as strategic manufacturing operations in different geographical locations.

Availability of EVNOW tokens:

https://evnowtoken.com/
https://evelectraipo.com/
https://worldequityexpo.com/

About EV Electra
EV Electra is an automotive manufacturing company known for their Quds cars; (Capital, Rise, Roadster, and Nostrum), with offices in Lebanon, Germany, Canada and as of today in the Netherlands. From the beginning on, the company has committed itself to building battery driven electric vehicles with zero emissions in order to contribute to a cleaner environment. Focused on meaning something to the local community it drove the team to establish in Lebanon its prime manufacturing and research facility. This geographic commitment can be seen as a supportive extension of EV Electra’s mission to grow but not forget its corporate responsibility. Furthermore, the company is committed to plant ten trees for every car sold in local municipalities in conjunction with its production facilities.

About World Equity Expo by Dragon Global Fintech Smart Solutions
World Equity Expo offers a platform as a service that enables its clients to tokenize shares with a higher degree of automation and standardization and built-in liquidity for assets. 24/7 trading fully transparent and less error-prone based on blockchain technology. Dragon Global Fintech Smart Solutions are driven by the mission to provide true cross-asset wallet bridging the gap between traditional finance and the new blockchain driven economy.

IMPORTANT INFO
This announcement is a press release and should not be considered to be an offering to the public for purchase of shares on a stock exchange or any other publicly traded format. At a future date a prospectus prepared pursuant to the European Prospectus Directive will be published for this purpose at www.evelectra.com.
 

Admin

Administrator
Moderator
Messages
3,677
#3
Fake cars
They actually stole one picture from a real car company "Skywell ET5" and then just added the logo by editing their image

 

Admin

Administrator
Moderator
Messages
3,677
#5
What is the actual plan?
We do not actually know what Jihan Mohammed has planned for this. There are different strategies to try

0. He might try to actually launch the Emily GT thinking that he will become very rich by doing so, he doesn't seem to have the experience required for that but maybe he will figure it out somehow.
1. He might plan to sell the immaterial property to someone else later, getting it cheap now when NEVS were desperate to sell and then resell it later for a significantly higher price.
2. He might plan to hype it up so he cal sell stocks in the business allowing him to earn money from selling shares (while the actual company will just keep losing money).

The fact that his past is shady does not mean that he isn't going to try to turn this into a legitimate business, he might be yet another overconfident guy who thinks he can somehow turn NEVS/SAAB/whatever around.
 

Admin

Administrator
Moderator
Messages
3,677
#6
Jihan Mohammed: I got scammed by Anthony Norman
After people found out about this shady past Jihad Mohammed stated that he himself was a scam-victim in it. He also stated that he had re-reimbursed the victims. He didn't report anything to the police though.

https://www.mestmotor.se/automotorsport/artiklar/nyheter/20231205/emily-gt-affaren-scam-eller-serios/

According to Jihad Mohammad, it was Anthony Norman who developed the software in the EV Token project, and stole money from investors. - You meet many people, not all of them are good. Some are thieves. We kicked him out and reimbursed everyone who invested. I have nothing to do with him and am not accused of anything, says Jihad.

Jihad's electric car company EV Electra was founded in 2017 in Lebanon. In principle, they have updated "kitcars" from other electric car manufacturers.
We have only built prototypes, we have not sold any cars. But we produce parts in Turkey, for an upcoming production. A bit like a chef preparing ingredients. But Emily is not to be built in Turkey, it is Trollhättan that applies, he continues.
Regarding the unimpressive website Jihad Mohammed replied:

We have never said that we are Mercedes or that we are a big company. We're a startup, that's why we bought Emily.
When you need something, you try to get it. And we have found Trollhättan where fantastic people live, it is a good city and factory. If we already had all this, we wouldn't have gone to Trollhättan. You can't blame me because my car company is small. As little as what my name is. I don't like my name, it sounds like a terrorist organization.
Nina Selander added:
Vi känner givetvis till EV Electras bilar och Jihad är ny inom bilvärlden. Han vill in i den världen på riktigt, han tror på vår produkt och våra ingenjörer och älskar vårt arv.
 

Admin

Administrator
Moderator
Messages
3,677
#7
Jihad Mohammed accused of stealing a car
The accusation (which is likely true) is that he got a naive norwegian guy to send a ownership certificate only to then never actually pay him.

 
Top