EVIO Inc (EVIO)

[msg404]

The same way that they renegotiated $580,000 back in February - Something big is brewing behind the scenes. Its pretty clear there is strong institutional support on the stock price due to the fact the price support hasn't collapsed.

The 2018 year end financials are now 90 days late. The 2019 Q1 financials are late. Stop sign/ non-reporting status means trades on many major retail platforms have been shut down for MONTHS. The company has gone into total shutdown communications mode with shareholders. An 8k diving into another serious compliance incident involving senior management and the operation of the Portland lab that has put potentially that labs license in jeopardy (that would be three of four lab licenses lost in Oregon inside of 6 months due to....ethically challenged circumstances/behavior of senior company officers, for lack of a less libelous phrase) Whose repercussions might include the companies exclusion from applying for new licenses in any other jurisdiction in America as long as those officers are still with the company.

Typically, in a circumstance like this on the OTC its a slam dunk that a price collapse is in play. Yet as you point out - they've raised a big chunk of money and the price is holding.

The switch up of company messaging to CBD testing focus during the web site re-launch is a big signal. It appears that the institutional money is exercising its influence and big changes are coming that will satisfy their position and outlook. And by extension common shareholders like us.


No surprise if $evio is closing on on $1 a share by June 1