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I'm confused too...where's he tie into all this? We keep discussing his resume, but heck, if you guys are just looking for impressive resumes to discuss, I guess I could post mine ;)
But seriously...can someone explain the connection so I know where to start digging for more info?
Ditto to that
Same here...I bought in AMD when it sank and bailed out after 2 weeks after I started doubting myself. LOL
Had I stayed in I'd be in the green but not by much. EVTI has much better potential so I put that play money in there.
For what it's worth, I am just a hobbyist investor who likes to analyze anything and everything and take calculated risks. I know your question wasn't directed to me but figured I'd clear the air for anyone else here.
I am paid/compensated by no one for what I post here. Everything posted is simply my honest opinion, and it's typically supported by evidence I turn up while analyzing the PR's, SEC filings, and other company data.
I still believe Max1Lobo is right and this will pay off long in due time. There's no guarantee but there's mad potential as long as Jason Harvey is CEO.
If he resigns, I'm bailing.
From what I read in the link provided "proving" they're a scam is that they are a legit company but the owner was affiliated with toxic financing companies prior to starting this company.
In other words, there's no proof this company is a scam, but there is evidence it COULD be.
A PR explaining why they refer to this loan as "non-toxic" is in order IMO.
They post frequently and have always responded to all messages I've sent them in the past...good to see that they have somebody frequently monitoring their page and it isn't just there for looks.
Buying on old news is great...if you want small, steady gains. I can't speak for anyone else but I want massive gains for taking a smart gamble.
Agree 100% buddy!
Patent values aside, I think all the other DD gives this company great potential at a lower risk. I would love to see an appraised value on the patents but I don't think there is one. I think they're worth exactly what someone is willing to pay. Right now there is no software that uses them so that's not a lot...when the new products are released, if they're successful, the value of those patents *could* skyrocket into the millions.
Be careful quoting people with false information...one of two people here is...that's asking for a lawsuit if the guy has a big enough problem with it.
The stagnation is simple.
As of right now Eventure Interactive has no products or services of great value to offer. Yeah, they've got e-cards but we all know that's no revenue maker. Their primary product is in beta testing currently for at least 2 more months with public release due around the holidays according to their roadmap.
In other words, the PPS is strictly controlled by PR's, SEC filings, and mainly hype.
It's going to bounce all over...once they have an actual product released, that's when we'll really see if this company is going to sink or swim.
If it sinks...you naysayers will have a field day. If it swims, I'd rather be in at this price to maximize gains and minimize losses down the road.
Welcome!
There are a few here who are long and [assuming they're being honest], they've got more than my net worth dumped into this. Although that's not hard to do either since I'm quite broke.
I'm like you...I like to gamble, got in cheap, and am aiming for 250k shares to sit on. At the price you got in, you can break even no problem so I'd definitely shoot for long term payouts.
I'm a no hype kind of person...this company hasn't performed well in the past but I'd advise you to do what everyone should do. Look up what the company has going for them...
New CEO, Jason Harvey...formerly of Google and some others. No stranger to directing huge, successful corporations with an impressive resume and a specialty in marketing.
New patents approved. Whether they're valuable or not we shall see but if they are successful, at least the patents are already in place.
Products are developed for the most part and are nearing the end of beta testing with public release expected around the holidays...hopefully well before Christmas but so far no date announced.
Good or not, this new $7.75m equity line says they aren't at risk of going belly up anytime TOO soon.
From what I've gathered, I do believe there is huge buyout potential...it's just a matter as to whether their products sell well and they play their cards right. Good luck to you!
Gave up bid sitting at .0016 and decided to "slap that ask" at .0020...
Now I need another 10k shares to hit my goal amount I wanna sit on. Come on paycheck!
I'm in the same boat as you...I'm in low enough I can break even and run if I just wait a couple days at most. But I'm a gambler...and this particular company, I think we have the upper hand over the house. Cheap enough the risk is minimal, but with so much potential of a huge payout with the CEO's resume, the product nearing the end of development/beta testing with public release expected within the next 2-3 months, plus the patents (regardless of their estimated or actual value). I don't see the bottom falling out of this one...at least not in the near future.
1.00 is coming...
Banks don't just hand out multi-million dollar loans based solely on valuable ideas...too many factors come into play there.
According to their latest PR, it looks like we'll see how well these patents work out for them around the holidays.
*cricket* *cricket*
Sure is quiet on here this morning...
Volume seems low again. Argh. Let's hope that picks back up!
Good luck all!
Just curious, where did you learn that a number of Facebook employees are investing in EVTI?
Emailed Gannon and got a response back last night...
Original Message:
Hello,
I am a shareholder with high hopes in this company as I feel there is
much potential with the products and patents. I also post on the EVTI
message board at Investors Hub and we all have a couple
questions/concerns that would really look great if they were addressed.
1.) As of today, October 1st, how many outstanding shares does EVTI have?
2.) Why does EVTI utilize a gagged transfer agent? It's assumed by many
that this is to hide management's pumping and dumping.
Lastly, a PR addressing the positive aspects (from the shareholders
perspective) of the authorized share increase would go a long way with
bringing the share prices back up. Right now on the message board there
is a LOT of distrust in the company for canceling the original A/S
increase from 1 billion to 2 billion shares stating it was best for the
shareholders and suddenly increasing it over twice that with ZERO
notice. I do believe it's going to be a good thing in the future, but
many others feel deceived and feel it's too risky to drop their hard
earned money into your stock when your company can't even inform their
shareholders of major changes such as that.
Thanks and best of luck to your company in the future...my future sure
would appreciate it :)
Josh
Gannon's Response:
Hello Josh,
1.) As of today, October 1st, how many outstanding shares does EVTI have?
We published an 8K yesterday outlining the current outstanding. Please let
me know if there are any questions you may have on that filing.
2.) Why does EVTI utilize a gagged transfer agent? It's assumed by many
that this is to hide management's pumping and dumping.
I just sent an email to our TA asking him what a "gagged TA" even means. I
have requested for a call with them on Monday to better understand your
question and I will be back to you shortly.
Additionally, we published this week a Business Execution Framework
stepping through various updates of the business. If you would like to
review any one of those items, please let me know and I would be happy to
discuss in length.
Please feel free to call me anytime as well.
Have a great weekend and talk soon. Thank you for your continued support
of our quest to build an exciting Company.
Gannon Giguiere
Founder
Eventure Interactive, Inc.
3420 Bristol Street, 6th Floor
Costa Mesa, CA 92626
As long as they continue to follow their "roadmap" and get a successful product developed, marketed, and released, they will be ok. As long as the potential for a buyout is there, I believe those who are long will profit well. If they announce they have no interest in selling...then IMO it's getting to be high risk and you should flip for whatever you can. The buyout potential is where I believe longs have the upper hand.
Have you ever sent them an email voicing your concerns about that? I just did so, as well as bringing up a few other questions/concerns (will post any reply I get here).
I would suggest everyone do so...let our voices be heard and hopefully they will listen to their shareholders.
investor.relations@eventure.com
That's ok...it can go down a little longer...gives me a chance to load up on a few more shares ;)
Read into the potential they have. It's a gamble but if you do your research, you can decide if the odds of hitting huge are worth the risk.
If you want a guaranteed return, go invest in a stable well-established company that's been steadily increasing a little each year. If you want to turn a small investment into a helluva lot of money, you're going to have to pick a company that's still risky with a lot of potential. That's what we have here.
If everyone was guaranteed to hit a jackpot on a slot machine, do you think the prices to spin would remain cheap?
I think we'll start closing green here soon but not until they clearly communicate the A/S increase they sprung on their shareholders without even the slightest warning.
They upset a lot of people sneaking it in like that and now they're going to need to provide good reasoning to convince everyone it was in the best interest of the shareholders.
Right now there's too much distrust.
Thanks for the elaboration!
This would be totally true if the connections were being shared...
ie. Device 2, 3, and 4 connect to the cellular network via a wi-fi connection to Device 1, taking advantage of Device 1's unlimited data package.
However, in this case they're only sharing files amongst each other while only Device 1 has the ability to use the cellular network.
There are quite a few devices with the ability to share files amongst each other in an ad hoc network. EVTI didn't patent that part...what they patented was a method for controlling permissions and some other stuff, offering some form of security for all the devices [independently from one another?] on the network which, from what I'm seeing, is not currently available on any devices today.
I'll try to read more into it and see if I can't get some of my network-geek friends to break it down more for me to better understand.
I believe the ad hoc networks they're referring to are the networks without a central host created by devices in close proximity to one another...like mobile devices sharing photos/files in a room together or EVTI's products sharing event photos amongst each other.
They're not talking about large scale building networks or anything of that nature.
More in regards to EVTI's patents, I pulled them up and read more into them...much of the specifics are still a bit greek to me, however, I wanted to confirm that these patents likely won't quickly become obsolete as we were discussing earlier today.
EVTI didn't patent the technology or devices used in creating ad hoc networks, but the methodology used in securing devices on those networks. In other words, it doesn't matter if the users are using wi-fi, bluetooth, or some new technology yet to be invented, or what specific devices they are connected to the network with...as long as they are using that particular methodology to secure them, they are utilizing EVTI's patents.
The second patent appears to be more specific methodologies that build upon the methodologies used in the first patent.
In my opinion, these patents may not just be desirable to Facebook, Google, or other social media companies, but may also catch the eye of specific device manufacturers who want to utilize the methodologies of securing their devices when used together to share files say at a party or in school, etc. This could attract Apple (for their iphones, ipads, or ipods) as well as Samsung, Motorola, etc. It would likely be more appealing to social networking companies, but the latter companies may also see some big benefits.
Just my $.02.
Maybe somebody with more techie knowledge can break the patents down even further...I did my best. Networking has never been my strong point. I was always more into the software and hardware sides. ;)
For reference:
Patent 1
Patent 2
In addition, if you read into those patents, there is discussion that Twitter's Periscope app may be in violation of the EVTI patent. If it is, that could have an interesting outcome should legal action be pursued. It's worth keeping an eye on anyway.
Yep, if Gannon were still at the wheel I can't say I'd gamble as much as I have but with Harvey at the wheel and his history, I think it's a much safer gamble. Still a gamble but much much better odds.
Patents take a while to get approved so a 2014 patent isn't too big of an issue...I believe the patent is mainly in networking which does tend to hold its standards longer than the rest of the industry. From skimming over info on it, it very well could be a long lasting patent as I think it was more methods being patented and not specific technology/standards, but I could be mistaken.
I read an article recently that said Twitter's new Periscope app (I've never used it so can't tell you how it works) could be violating that patent so if that's the case, then I think their technology is still fresh but you're also correct. With as fast as technology is changing, a timely product rollout is absolutely crucial for EVTI's success. If there are any major delays or setbacks, someone else could beat them to it. To the best of my knowledge, there is no one else out there offering the solution that EVTI is offering. The reason I bought in some (nowhere near going "all-in" with my money) and am staying EVTI long is unless they get beat out in the release of their products, Facebook and Google both would likely have a strong desire to own the products and/or technology that EVTI is relying on for their success. I am in because I see very good buyout potential.
According to one of the PR's, one is designed to build upon the other...I'm a computer geek but trying to understand the patent was greek to me.
If you have no luck in email, I got a fast response when contacting them via their Facebook page.
Unfortunately, most people who like to play with stocks only look at the charts...a chart that went from $1-2 to $.0011 doesn't look too appealing to those guys, but chart reading is too cautious if you want to shoot for massive returns on your investment.
You gotta research the company...does the product have potential? Are those running the company experienced and do they have a good record? Is the product highly desirable? Etc.
In the case of EVTI...they screwed up bigtime so the charts are saying, "HUGE RISK"...but now go to the questions above.
Does the product have potential?
If they get it into production and keep the price affordable, very much so.
Are those running the company experienced and do they have a good record?
Previously...Gannon's record from my understanding wasn't the greatest. He was probably like me...trying everything to start his own successful business and failing. Earlier this year, Jason Harvey was appointed CEO. I assume that means Gannon's role is now very very limited in the sense of decision making. Harvey, on the other hand, has a helluva resume. Go stalk his LinkedIn profile...lots of former managers and co-workers have left him outstanding recommendations. He has experience helping to run big businesses AND marketing is one of his specialties. This guy has a good record and HUGE potential.
Is the product highly desirable?
Definitely! Social networks, event planning, event photos, etc...all are HUGE right now. There are plenty of companies out there who would be willing to snatch these products/technologies up if they prove to be successful in order to improve their own products and services. I could see a purchase from Facebook or Google (or possibly a "smaller" app developer like Snapchat) being very possible. In my opinion, I do believe this is the direction Harvey is trying to take EVTI...make a highly desirable product, get it into production and build up a userbase in order to attract a company into buying them out for a large sum of money. Harvey of all people knows the odds of them becoming huge on their own is slim, but everyone can get a fat paycheck if they just make themselves attractive enough for a decent sized buyout. And if I'm wrong and they do become the next huge company...then we still win.
Would love to help out in the ask slapping this week but the problem with being a brokeass is always being broke LOL
...I'm struggling to hit my target of 250,000 shares while the pps is still this low. Anyone care to loan me $250? Hahaha
Maybe next week...good luck to all!
It has been public knowledge since last week that they had a very successful meeting and official news would be coming this week. Most of the regulars on this board have been telling everyone to get in while the shares are still cheap.
Get your head out of the sand and maybe you'll be able to keep up with what's going on next time.
Both of your previous responses are correct...
They are clearing up toxic debt, got a new patent issued (proving they are legit with what they're working on), canceled the AS increase, and are now slowly regaining shareholder confidence.
IMO, the biggest hurdle they have for a bit is all those people who bought in on the way down thinking it had bottomed out only to find that it was still plummeting. Those people, like my grandpa who bought in at $.07 are just looking to break even and will likely run once they do considering it a lesson learned...but I am with the others on this board...it's on a good path to recovery.
I bought in at $.0031 so for me it's like playing the slot machines...if I lose, I'm down $600. If I win...hot damn! Jackpot! lol
I know there are a ton of variables that will affect this, but for those who like to speculate, where do you honestly think this stock is going to end up peaking out in the semi-distant future? Do you think it has the potential to get back into the $1-2 range or did they permanently blow that chance when they sent the stock tumbling over the past 6+ months?
By the way, great work today guys! I wish I could help more but I'm a brokeass and just dumped my last $200 into it yesterday. Maybe I can help out a lil more next week!
Updates on how their product development is doing would be nice...as well as some great news regarding their toxic debt and other financials.
My assumption is they've been closing green with no news pretty much the past week and they're riding this wave out as long as they can before they start the big one
Jason Harvey is CEO...
Can't find anything for Gannon's title other than Founder.
Welcome! This is the first stock I've ever gotten serious in...agree with your points. Also look at the work experience behind the CEO and the fact that they're being granted patents. That is all very positive as well!