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Saturday, July 24, 2021

Video River Networks (NIHK) Major Move as Electric Vehicles (EV) Player Has CE Removed

(NIHK) Video River Networks, Inc is in making a major move up the charts on a massive surge of volume after the CE was removed and NIHK is now “pink current” on OtcMarkets. NIHK is under heavy accumulation and volume has picked up substantially as speculators are all over NIHK and for very good reason. NIHK has skyrocketed out of the triple zeroes in recent months as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no stronger fundamentals than NIHK does.  

NIHK is fully reporting otc and recently filed a 10Q showing the Company has about $1 million in assets and is debt free with just 177,922,436 shares outstanding as of March 15. In a very smart move NIKH executed a consulting agreement with stock whizz George Sharp of TSNP fame which has already proved highly successful both in terms of getting the CE removed and driving NIHK to current levels. On January 8, 2021, the Company filed an S-1 registration statement, with the sec, to IPO its Special Purpose Acquisition class (SPAC) for $10.32 million became effective. The purpose of the $10.32 million Offering is to use the proceeds to: (1) acquire an Electric Vehicle manufacturer; or (2) capitalize on the Company’s planned Electric Vehicle sourcing, designing, manufacturing and distribution operations.  Until the Company finalizes an acquisition agreement with an Electric Vehicle manufacturer; or until it finalizes its Joint Venture (JV) agreement with one or more identified Electric Vehicles manufacturers and commence our planned Electric Vehicles operations. 

(NIHK) Video River Networks, Inc. is a technology firm operating and managing a portfolio of Electric Vehicles, Artificial Intelligence, Machine Learning and Robotics (“EV-AI-ML-R”) Assets, Businesses and Operations In North America. As an Electric Vehicles holding company, the company hold shares of common stocks of EV companies such as (1) Tesla, Inc. (TSLA), a California based maker of high-performance fully electric vehicles; (2) Electrameccanica Vehicles Corp. (SOLO), a British Columbia, Canada headquartered company that designs and builds the all-electric SOLO and the Tofino all-electric sport coupe; (3) Lordstown Motors Corp. (RIDE), a Lordstown, Ohio based company that designs and manufactures electric vehicles; (4) Fisker Inc. (FSR), a Los Angeles, California headquartered company that designs and builds all-electric, zero-emissions vehicles; (5) Nikola Corporation (NKLA), a Phoenix, Arizona company that designs and manufactures electric components, drivetrains and vehicles. 

In Addition to Its EV Goals, The Company Owns and Manages A Specialty Real Estate Holding Business for Specialized Assets Including, Affordable Housing, Opportunity Zones Properties, Medical Real Estate Investments, Hemp Farms, CBD Related Commercial Facilities, Industrial and Commercial Real Estate, And Other Real Estate Related Services.  Because Our Principal Is a California Real Estate Broker, The Company’s Specialized Real Estate Holding Goals Is to Qualify as A Real Estate Investment Trust.

Investor sentiment in NIHK is high:

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Video River Networks, Inc.’s current Electric Vehicles and technology-focused business model is a result of its board resolution on September 15, 2020 to spin-in/off its specialty real estate holding business to an operating subsidiary and then pivot back to being a technology company. The Company has now returned back to its original technology-focused businesses of Power Controls, Battery Technology, Wireless Technology, and Residential utility meters and remote, mission-critical devices. Prior to September 15, 2020, NIHK used to be a specialty real estate firm, focuses on the acquisition, ownership, and management of specialized industrial properties. Prior to its real estate business model, the Company Power Controls Division has used wireless technology to control both residential utility meters and remote, mission-critical devices since 2002. 

On January 8, 2021, the Company filed an S-1 registration statement, with the US Securities and Exchange Commission, to IPO its Special Purpose Acquisition class (SPAC) for $10.32 million became effective. The purpose of the $10.32 million Offering is to use the proceeds to: (1) acquire an Electric Vehicle manufacturer; or (2) capitalize our planned Electric Vehicle sourcing, designing, manufacturing and distribution operations.  Until we finalize an acquisition agreement with an Electric Vehicle manufacturer; or until we finalize our Joint Venture (JV) agreement with one or more identified Electric Vehicles manufacturers and commence our planned Electric Vehicles operations. 

8k: On January 8, 2020, the Company and George A. Sharp executed a Consulting Agreement effective immediately.   The term of the Agreement is two months. Under the Agreement, Mr. Sharp will receive a total compensation of $40,000 in total The Company’s purpose for hiring the consultant was to help the company in removing the “Caveat Emptor” designation applied by the OTC Market Group. 

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(NIHK) Video River Networks, Inc is in making a major move up the charts on a massive surge of volume after the CE was removed and NIHK is now “pink current” on OtcMarkets. NIHK is under heavy accumulation and volume has picked up substantially as speculators are all over NIHK and for very good reason. NIHK has skyrocketed out of the triple zeroes in recent months as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no stronger fundamentals than NIHK does. NIHK is fully reporting otc and recently filed a 10Q showing the Company has about $1 million in assets and is debt free with just 177,922,436 shares outstanding as of March 15. In a very smart move NIKH executed a consulting agreement with stock whizz George Sharp of TSNP fame which has already proved highly successful both in terms of getting the CE removed and driving NIHK to current levels. On January 8, 2021, the Company filed an S-1 registration statement, with the sec, to IPO its Special Purpose Acquisition class (SPAC) for $10.32 million became effective. The purpose of the $10.32 million Offering is to use the proceeds to: (1) acquire an Electric Vehicle manufacturer; or (2) capitalize on the Company’s planned Electric Vehicle sourcing, designing, manufacturing and distribution operations.  Until the Company finalizes an acquisition agreement with an Electric Vehicle manufacturer; or until it finalizes its Joint Venture (JV) agreement with one or more identified Electric Vehicles manufacturers and commence our planned Electric Vehicles operations. We will be updating on NIHK when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with NIHK.

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Disclosure: we hold no position in NIHK either long or short and we have not been compensated for this article.

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