Net Element Inc. NETE Archives - Page 4 of 20

MondayDec 14, 2020 2:20 pm

Net Element (NASDAQ: NETE) Revenues Improve During COVID Upheaval; Company Prepping for Upcoming Merger

Report notes that NETE is showing surprising business strength despite lockdowns persisting in New York, California Once restrictions are eased, company should rebound sharply Agreement between NETE, Mullen outlines stock-for-stock reverse merger in which Mullen stockholders will receive outstanding stock in post-merger company With its previously announced definitive agreement with Mullen Technologies, a Southern California-based electric vehicle company, still in process, Net Element (NASDAQ: NETE) is valued only on its card-processing business. With 45% of its customers in the restaurant business — a space that has been deeply impacted by COVID-19 — Net Element revenues actually improved sequentially, reported a…

ThursdayDec 10, 2020 1:40 pm

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) to Drive into US EV Market in Style, Speed via K50 Dragonfly

Net Element (NASDAQ: NETE) is a financial technology company in the process of transforming its business model to become a pure-play electric vehicle (“EV”) manufacturer through a pending merger with privately-held Mullen Technologies Inc. The merger is optimally timed as more and more regulations aim to require and encourage adoption of purely electric automobiles as a replacement to conventional combustion engine-powered cars. A recent article discussing the company’s positioning reads, “Net Element and Mullen Technologies have revealed plans to begin their foray into the U.S. electric vehicle market through their partnership with Chinese EVET manufacturer, Qiantu Motors, with the aim…

ThursdayDec 10, 2020 1:18 pm

Net Element, Inc. (NASDAQ: NETE) Prepares for Life in the Fast Lane as It Prepares to Shift into Electric Vehicle Space

Net Element plans to radically transform its business model following completion of merger with Mullen Technologies, converting into pure-play EV manufacturer Electric vehicles are set to account for 3% of global vehicle sales in 2020 Governments have increasingly pushed for electric vehicle adoption as key pillar underpinning environmental objectives; the UK just announced ban on sale of fossil-fuel powered cars by 2030 NETE CEO Oleg Firer recently elaborated on challenges of entrepreneurship, role of diplomacy within modern corporate management Net Element (NASDAQ: NETE) presents its stakeholders with a unique business proposition: Within its role as a global financial technology and…

MondayDec 07, 2020 1:00 pm

Net Element Inc. (NASDAQ: NETE) Releases Q3 2020 Financial Results Showing Improved Revenues Despite Continued Shutdowns

NETE results include year-over-year increases in revenue and transaction volume 45% of NETE clients in restaurant business, management expects rebound once states reopen NETE plans to divest payments processing model to enter EV industry through reverse-merger with privately-held Mullen Technologies Inc. Net Element (NASDAQ: NETE), a global financial technology and payments processing company, recently posted its Q3 2020 results showing improved revenues despite continued shutdowns in NY and California. The value-added solutions group supports electronic payments acceptance in an omni-channel environment that spans point-of-sale, e-commerce applications and mobile devices for small to medium enterprises in the U.S. and selected emerging…

WednesdayDec 02, 2020 1:00 pm

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) Eyes Opportunity in EV Sector

Net Element (NASDAQ: NETE) is transforming its business model to enter the electric vehicle (“EV”) industry through a reverse-merger with California-based Mullen Technologies Inc. The strategic move positions the company to benefit amid the dropping price of EV batteries, which has decreased 87% in less than a decade (https://ibn.fm/GRCa9) and is projected to drop even further due to technological innovations destined to make EVs a viable alternative to gas-powered vehicles. A recent article discussing this reads, “Mullen Technologies is already well on its way to making substantial progress on battery technology through subsidiary Mullen Energy. Along with Mullen Auto Sales,…

WednesdayDec 02, 2020 10:30 am

Net Element (NETE) Buoyed by Investor Interest Within EV Sector as Tesla Gets Included in S&P500

Tesla recently illustrated the enthusiasm surrounding the EV sector by becoming the newest entrant to the S&P500 equity index Investor interest in the sector has spilled over to Net Element, with one the world’s largest asset managers, Renaissance Technologies taking a 3.2% stake in the company in the third quarter A future combined Net Element-Mullen Technologies plans to begin marketing its initial vehicle model, the Dragonfly K50 in 2Q2021. Late in the day on November 16, Tesla (NASDAQ: TSLA) was named for inclusion in the S&P500 index, making it both the first electric vehicle manufacturer to form part of the…

MondayNov 30, 2020 2:23 pm

As World Transitions away from Gas Guzzlers, Net Element Inc. (NASDAQ: NETE) Entering EV Market Through Mullen Technologies Merger

NETE plans to divest payments processing model to enter EV industry through proposed merger with privately-held Mullen Technologies Inc. Merger allows Mullen stakeholders to obtain majority of stock while accelerating process of taking company public, funding US expansion Mullen accepting reservations for Dragonfly K50 sports car and MX-05 SUV, production for both projected to start in 2021 California-based Mullen subsidiaries include Mullen Energy, Mullen Auto Sales, Mullen Finance Corp., CarHub digital marketplace Future generations may look back and wonder how humanity withstood the exhaust fumes, noise and environmental degradation created by fossil fuel engines. The downsides of combustible engines, rising…

MondayNov 23, 2020 3:11 pm

Net Element Inc. (NASDAQ: NETE) Set to Benefit as China, U.S. Gear up to Promote Electric Vehicle Sales

China’s government has set out its next 5-year plan, highlighting promotion of electric vehicles as key tenet underpinning their environmental policies Net Element’s reverse merger with EV manufacturer Mullen Technologies is expected to close by 4Q2020, with Net Element expected to divest its legacy payments business following the deal Company aims to begin selling K50 Dragonfly sportscar by 2Q2021, recently began pre-sales for its wholly self-developed EV SUV, the Mullen MX-05 US has followed in China’s footsteps, with Presidential candidate Joe Biden encouraging mass EV adoption as key policy initiative Net Element (NASDAQ: NETE), a financial technology company in the…

FridayNov 20, 2020 3:09 pm

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) Featured in Research Report

Net Element (NASDAQ: NETE) was featured in a recent report by Zacks Small-Cap Research that discussed the company’s third quarter showing sequential rebound as the merger proceeds with privately-held Mullen Technologies Inc. The report reads, “At its current enterprise value of $43.6 million, the stock is getting no premium for its pending merger and is valued only on its card processing business. Using the electric vehicle peer valuation of 10x EV/sales, and owning 15-21.7% of the post-merger company, the company could be worth $30.00 per share once the deal closes and twice that by 2023.” To view the full report,…

ThursdayNov 19, 2020 2:52 pm

Falling Battery Prices Pave Way for EV Future; Net Element Inc. (NASDAQ: NETE) Positioned to Profit through Mullen Technologies Merger

EV battery prices becoming increasingly economical, dropping 87% in less than decade with additional 30% drop predicted by 2023 NETE plans to divest payments processing model to enter EV industry through merger with privately-held Mullen Technologies Inc. Battery-focused subsidiary Mullen Energy part of US expansion, thousands of jobs expected to be created Pre-orders for MX-05 SUV commenced, production expected to start in 2021 The average real price of electric vehicle (“EV”) batteries has dropped 87% in less than a decade (https://ibn.fm/GRCa9) and is projected to drop even further due to technological innovations destined to make EVs a viable alternative to gas-powered…

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