Monday, November 07, 2011 9:46:09 AM
GEAR's sister company, EVXA also made a major shift in business operations back in January and February of 2011 going from the oil spill clean up industry (when the Golf Oil spill was a hot topic) to mining industry.
EVXA started putting out press releases about its joint venture efforts with, guess who, Western Sierra Mining Corp (WSRA).
Shortly before starting the fresh new mining campaign, EVXA did a 1:1000 reverse split on the stock which cleared in late-December of 2010. After the Reverse Split, EVXA was trading at $.05 - $.06/share.
On February 4, 2011, the CEO of WSRA, Michael Chaffee was added as a COO of EVXA
http://ih.advfn.com/p.php?pid=nmona&article=46306502
EVXA opened at $.012/share on that day and closed at $.0085/share
On February 9, 2011, EVXA signs an MOU with WSRA
http://ih.advfn.com/p.php?pid=nmona&article=46373358
EVXA opens at $.0088/share on that day and closes at $.0088/share
On February 16, 2011, EVXA puts out another PR about the MOU with WSRA
http://ih.advfn.com/p.php?pid=nmona&article=46489360
EVXA opens at $.0075/share on that day and closes at $.007/share
Over the next 6 weeks the EVXA continued to gradually fall
Down to $.0065/share by 2/18/11
Down to $.0012/share by 3/01/11
Down to $.0001/share by 3/16/11
Down to no bid by 3/29/11
Then EVXA did another 1:1000 reverse split on 4/14/11
Since that reverse split EVXA has gone down to $.0002/share again as of the open today.
Since all the same characters are involved in all of these shells it shouldn't be too shocking if adding WSRA to the picture over here (after already adding EVXA) doesn't go so well either.
By the way guess how much in revenues WSRA had from their mining operations between 2003 (the year they first went public through a share exchange with Global Decs Corp) until 2008 (when they did their last SEC filing)
$8,000
Guess how much in revenues WSRA has had from their mining operations in 2011
$0
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