DD Support Board and Research Team

[nodummy]

EVXA - taking a closer look at the preferred share enrichment and history of share issing being done with this stock

From the filings we know the following:

On December 1, 2007, the company issued 15,000,000 preferred D shares. At this point in time the preferred D shares had a conversion ratio of 25:1

On April 15, 2009, the Company issued 6,000,000 preferred E shares to purchase all of the assets of EnviroXtract, Inc. EnviroXtract, Inc was co-founded by Don Paradiso (former CEO and current legal counsel for EVXA) and Carlton Wingett (current CEO of EVXA).

At the time of issuance these preferred E shares converted into 10 common shares each.

On March 21, 2010, the Company issued 1,831,647 shares of Series G Preferred Stock to 22 different people for services.

On March 24, 2010, the Company issued 12,000,000 shares of Series G Preferred Stock to 1 person for services.

At the time of the issuance these preferred G shares converted into 250 common shares each.

By October of 2010 the preferred E shares conversion was changed to 5,000 common shares each and the preferred G shares conversion was changed to 25,000 common shares each.


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We know that Paridiso and Wingett own the large majority of preferred E shares.

So who owns those Preferred G shares? The filings do not disclose that information. In fact the filings left the issuance of the 12,000,000 Preferred G shares on March 24, 2010 out of the quarterly report for the period ending March 31, 2010

http://www.otcmarkets.com/financialReportViewer?symbol=EVXA&id=32286


What we do know is the following:

On December 1, 2007 EVXA issued 15,000,000 preferred D shares

On April 15, 2009 EVXA issued 6,000,000 preferred E shares to Paradiso and Wingett

July 1, 2009 the authorized common share count was raised from 50,000,000 to 1,000,000,000

July 1, 2009 the 15,000,000 preferred D shares were converted into 375,000,000 shares of common stock

On February 16, 2010 the authorized common share count was raised from 1,000,000,000 to 2,800,000,000

March 12, 2010 EVXA did a 1:500 reverse split.

On March 21, 2010 EVXA issued 1,831,647 preferred G shares for services

On March 24, 2010 EVXA issued 12,000,000 preferred G shares for services

On March 31, 2010 there were 13,831,647 preferred G shares outstanding and 23 shareholders of preferred G stock on record.

On March 31, 2010, 1,600,000,000 common shares were issued for the "acquisition of assets"

On April 25, 2010, 720,000,000 shares were issued for the "acquisition of assets"

On May 10, 2010 1,600,000 preferred G shares were converted into 400,000,000 (at this point in time they only converted to 250 common shares each)

On June 23, 2010 the preferred G share conversion was changed from 250:1 to 25,000:1

On July 26, 2010 the preferred E share conversion was changed from 10:1 to 5,000:1

On June 15, 2010 the authorized common share count was raised from 2,800,000,000 to 3,800,000,000

On June 25, 2010 12,000 preferred G shares were converted into 300,000,000 (by this point in time the conversion ratio was changed to 25,000 common shares each)

On June 30, 2010 there were 12,219,657 preferred G shares outstanding

On August 19, 2010 the domicile for EVXA was moved from Nevada to Wyoming. The authorized common share count was raised from 3,800,000,000 to 100,000,000,000

During the 3rd quarter of 2010 157,040 preferred G shares were issued in a private placement memorandum

During the 3rd quarter 674,000 series E shares were converted into 3,370,000,000 common shares (5000 common shares for each preferred E share)

On September 30, 2010 there were 12,376,697 preferred G shares outstanding

On October 26, 2010 EVXA did a 1:1000 reverse split

On October 29, 2010, 34,000,000,000 shares were issued for the "acquisition of assets"

On November 15, 2010 240,000 preferred G shares were converted into 6,000,000,000 common shares.

Around this same time 260,000 preferred E shares were converted into 1,300,000,000 common shares. At this point in time the stock was trading at $.05/share. 4 months later the stock was back down to $.0001/share.

On December 31, 2010 there were 5,066,000 preferred E shares outstanding.

On December 31, 2010 there were 12,136,697 preferred G shares outstanding and only 22 shareholders of preferred G stock on record.

During the 1st quarter of 2011 a preferred E stock subscription was honored and the preferred E outstanding share count was back up to 6,000,000 on March 31, 2011

On March 31, 2011 there were still 12,136,679 preferred G shares

The filings stop there


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What we know is as of 5/2/11 EVXA still had

100,000,000,000 authorized common shares
6,000,000 authorized preferred E shares with 5,000 - 1 conversion rights
20,000,000 authorized preferred G shares with 25,000 - 1 conversion rights
20,000,000 authorized preferred H shares with 5,000 - 1 conversion rights

It appears that on 8/22/11 an amendment was filed and the following changes may have been made:

The authorized commons was reduced to 50,000,000,000
The preferred E conversion rights was changed to 100 - 1
The preferred G conversion rights was changed to 1 - 1
The preferred H conversion rights was changed to 100 - 1


We know that there were 10,337,304,636 common shares in the float as of June 30, 2011

What we don't know is how many of those 10,337,304,636 free trading common shares were part of the past preferred share conversion and are still waiting to be sold into the market

What we don't know is when the nearly 36,000,000,000 outstanding restricted common shares will become unrestricted

What we don't know is when another reverse split will happen immediately followed by the issuing of more shares for the "acquisition of assets" and the conversion of more preferred shares into free trading common stock.


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It confuses me even with the possible temporary positive changes from the 8/22/11 amendment with the Wyoming SOS why anybody would choose to invest in a company that has such a terrible history of insider enrichment.

The fact that GEAR is now teaming up with EVXA sure doesn't make GEAR look too good. Neither does the fact that Don Paradiso is also the legal counsel for GEAR. Neither does the fact that GEAR also moved from Nevada to Wyoming (just one month after EVXA). Let's just say that those are not the only similar patterns that have already started to emerge, but GEAR has an interesting story of its own that deserves its own post.