EVIO Inc (EVIO)

[Fivespeedchatter]

Mods: Please UPDATE THE FOLLOWING...(i would but i can never get a spot!!!)


Common stock OS 948,455,300
Class A Preferred Stock, par value $0.0001 per share:0
Class B Preferred Stock, par value $0.0001 per share: 5,000,000
Class C Preferred Stock, par value $0.0001 per share: 500,000
Class D Preferred Stock, par value $0.0001 per share: 832,500

Pretty sure we should add: Pacific Stock Transfer is the transfer agent for our common stock with its business address at 6725 Via Austi Pkwy, Suite 300 Las Vegas, NV 89119 and its telephone number is [phone].


THanks,

This stuff is just for the discussion on the board:

During the years ended September 30, 2016 and 2015, the Company received loans from its Chief Operating Officer totaling $26,000 and $70,000 and made repayments totaling $14,295 and $0. There was $91,705 and $80,000 due as of September 30, 2016 and 2015, respectively and are included in the accompanying consolidated balance sheets as a current portion of notes payable to related parties. The loans carry a 0% interest rate and are due on demand.

Looks like we still haven't paid Lori fully back... notice it says payable on DEMAND... Lori sure isn't demanding, especially at 0% interest...

During the year ended September 30, 2016, the Company borrowed a total of $16,200 from our Chief Science Officer to fund operations. The loans are non-interest bearing, due on demand and as such are included in current liabilities. There was $16,200 and $0 due as of September 30, 2016 and 2015, respectively.

Seems like smith also borrowed SGBY A no-interest loan... Man SGBY Sure seems to have Executives that give the co. money rather than just take it from us...

The Company had revenues of $560,961 and $125,199 for the years ended September 30, 2016 and 2015, respectively. The Company had two customers that represented 93% of revenue for year ended September 30, 2015. The Company did not have any customer that represented greater than 10% of revenues during the year ended September 30, 2016.

So in 2015 we had like three clients (2 of which were 93% of our revenue base)...as of sept. 30 2016 we have hundreds... THIS GOES UP DRASTICALLY WITH THE Q1...

Management’s Remediation Initiatives

As our resources allow, we will add financial personnel to our management team. We plan to prepare written policies and procedures for accounting and financial reporting to establish a formal process to close our books monthly on an accrual basis and account for all transactions, including equity transactions. Upon the addition of independent directors, we will create an audit committee made up of our independent directors.

As of September 30, 2016, the Company has not taken any remediation actions to address these weaknesses in our controls even though they were identified during the year. The Company’s management hired, as soon as its financial position permitted it to do so, additional staff in its accounting department to be able to segregate the duties. The Company expects that the expense will be approximately $100,000 per year which would allowed the Company to hire two new staff members.

(b) Changes in Internal Control Over Financial Reporting

We need to prepare written policies and procedures for accounting and financial reporting to establish a formal process to close our books monthly on an accrual basis and account for all transactions, including equity transactions, and prepare, review and submit SEC filings in a timely manner

WW knows the temp delisting was a slap on the wrist... here is his apology/ plan moving forward...


i LOVE THAT THIS THING IS FINALLY OUT...NOW its time for q1