2050 MOTORS, INC. (OTCMKTS:ETFM) Files An 8-K Other Events

2050 MOTORS, INC. (OTCMKTS:ETFM) Files An 8-K Other Events
ITEM 8.01 Other Events

On August 11, 2019, 2050 Motors, Inc. to its Board of Directors approved a repurchase program to buy back up to 300 million common shares over the next year. Any shares purchased will be retired to Treasury, which will reduce the corresponding number of common shares from the outstanding total share pool. The Company is in the process of opening up trading accounts at multiple brokerage firms to be able to conduct such business and anticipates such accounts will be approved within several business days.

Item 9.01. Exhibits

(a) Exhibits. The following exhibit is filed with this Current Report on Form 8-K:

Exhibit No. Description
10.1 Board Resolution – 300MM Share Buyback August 11, 2019


2050 MOTORS, INC. Exhibit
EX-10.1 2 ex10-1.htm   UNANIMOUS RESOLUTION OF THE BOARD OF DIRECTORS OF 2050 MOTORS,…
To view the full exhibit click here

Story continues below

About 2050 MOTORS, INC. (OTCMKTS:ETFM)

2050 Motors, Inc. is a development-stage company. The Company’s principal activity is the importation and the marketing and selling of electric automobiles. The Company has an exclusive license to import, market and sell in the United States, Puerto Rico, the United States Territories and Peru, the e-Go lightweight carbon fiber all-electric vehicle design and electric light truck, manufactured by Jiangsu Aoxin New Energy Automobile Co., LTD (Aoxin Automobile) located in the Peoples Republic of China. Aoxin Automobile develops and manufactures a lightweight, carbon fiber e-Go EV electric car (e-Go EV). The Company focuses on importing vehicles completely fabricated and assembled in China from Aoxin Automobile. The Company has not generated any revenues.

An ad to help with our costs