$Idex ASA(IDEX)$Looking at the figures from IDEX shows that they are spending a lot of their cash flow in acquiring of the entire commercial spectrum of the EV sector. Havingproducts from motorcycles to tractors to buses and also a game changing wireless charging technology that is in the game.

As we transition into the electric vehicle world, is it definitely within expectations that the growth potential of Ideanomics will be high.

As of writing, they are comfortably sitting ata market cap of USD$1 billion with almost $700mil worth of assets(almost $400million in cash). And we have not even take into consideration of their game changing technology and business model.

As we gain more and more government support worldwide. Idex is definitely a good dealas of current value in comparison to their competitors such as $ChargePoint Holdings Inc.(CHPT)$and $Tesla Motors(TSLA)$. Especially when their latest earnings did not factor their most recent two acquisitions which are also great revenue drivers.

I don’t expect this stock to take over their market leader(Tesla), but getting even a small cut from this trillion dollar industry is easily more than billions.

At $10, this stock will only be around a $5 billion market cap, which is still considerably low for their business model.

Disclaimer: I bought in last night after sellingat near the previous peak before the Chinese New Year.😏