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Of course it seems very strange to me. I wonder if it's pushed down, how long can this pressure be applied and what will happen if/when it is removed and the price is left to normal supply and demand, if this is not it of course.
Same common sense and Level 2 besides good news dictated before that it wouldn't go below 0008, 7, or 6. Yet, it reached 5 today. In my opinion this is either a great manipulation aiming at killing the price or delay a huge run, or this stock is worthless but we don't know it. This is not to say it could not run, likely it will, but don't rely on common sense here as it turned out it's not very "common".
Thank you for the invitation but no, I expected that you knew what you posted and could give me a direct answer.
Ask Firelane about EVDR * M*G
Still my question persists, how it is a shell? Do you mean that their IR and the company lied about the merger completion?
Do you know anything about M*G, the IR for EVDR? They have definately PR'd complete mergers in the past only to find out 1 year later that the merger NEVER happened.
How is it a shell with one company already merged and the other in progress?
EVDR is a M*G P&D shell...
You see things the other way around. This does not seem like a bad stock. And even when it was not that hot it traded much better and in a normal way. I would "embrace the darkness" if trading patterns were normal, at least they don't seem so to me.
EVDR will always be a sub-penny, imbrace the darkness and quit blaming everthing but the fact this is a bad stock!
The way the ask has been stacked at 0008 for the past couple of days with MMs suddenly appearing on the 08 ask with millions offered but nothing is bought, and no one from the assumed sellers gives in and sells at the bid followed by an avalanche collapsing most of the 08 wall into the bid and lowers both bid and ask, this makes me feel that the ask is not offered by individual traders and the current situation is nothing but an artificial structure by MMs aiming at creating a stalemate until something happens, or at least stopping a run.
Even one of the MMs that has been on the ask for months showing 5,000 shares at $2 (I think ATDF) has joined the fleet at 08 as it has jumped to the rescue to prevent the stock from running.
If the current good developments (CE removal, merger, company delivering to promises, potential of second merger with all the potential you mentioned) failed to even maintain the price level that was around 0.001 and it fell, chances are when the new merger is sealed, prices will fall even lower. That's what has been going on recently, good news, lower prices.
Again the PPS seems affected more by manipulation than company mergers or good news and I'm not putting much hope on the second merger until this manipulation is over. IMO, the company should address this as a problem and work on solving it if not stopped soon as it could drag the price to 0.0001 and no bid not too far from now.
The same thing everyone has been saying about the first merger and yet it pushed the price down instead of up. If the first merger did not drive the price up, what makes you think the second will? Based on the PPS history and correlation with good news and developments, if things continued this way, the second merger will bring the price to 0.0002-4 range or make it stay in the 0.0007-0.0009 range at best.
In my opinion, this seems like manipulation and neither the first or second merger will push the price up but rather stopping this manipulation or when the manipulator no longer needs it.
The second merger is whats going to drive this up hard its what is going to be whats all behind every thing get them while you can pennies coming
Immediate selling for quick profit would happen regardless if the price raise resulted form buyback or promotion. Buyback reflects the company's confidence in its stock which encourages buyers to step in, and reduces the chance for such flipping that kills any chance for moving to the next higher levels like what's going on right now, and makes the company use less shares when it needs to paying in shares for services, which results in less dilution when these shares hit the market later. Above all, it has a more lasting effect on price appreciation.
But what's the excuse for a company that claims to want good for its stock and holds a good amount of cash it its hands and could've already bought back for permanent benefit?
Are you sure? This could buyback 160 million share at 0.0015. Couldn't they at least buyback with half that amount and promote with the other half?
If the company really wants to promote its stock and will pay for that in cash as they announced recently, isn't the best promotion to use that cash or part of it to buyback shares then PR that or direct that cash to the type of promotion that creates pump and dump like the last two days?
The OS is good, and even better is the AS is 988,000,000 as per the info box so they don't have too much to dilute if they want to. Just noticed that the float is 365,000,000 which is 105m more that I last remember which makes sense to keep the price low if thrown into the market free trade. If people are really holding, that 105m can dry up quickly and the PPS leaves this plateau to higher levels.
I don't think anyone intentionally flips this for $40 although they might end up doing so. Also I don't think people are accumulating that much. We've been hearing this for age. Every 26m shares account for 10% of the float. If the accumulation and strong hands that people have been claiming are true, 90% of the float would be locked up already and the PPS above $1. From where are all those 10s of million shares traded are coming if no one is selling and most are holding?
The company can easily stop this joke by buying back 20% or 30% of the float and I think they can.
steelerfan7, and why your family and friends are not buying if they want to? People want to sell because the price is going down and it gets worse with every good development or PR, and because that despite of the recent developments, the price has reached 0.0008 instead of 0.003+, almost no change since before the merger news and CE removal or even worse. When/if things go right and price goes up with good PRs, people will buy then.
SELL ALERT! I have family and friends wanting to buy EVDR! I don't understand why some here want to sell!? Why sell now! Oh yea so i can buy cheapies! Disregard this message!LOL
If the company has cash now, why don't they buy back 10% or 15% of the float (26-39m share) which should help put the PPS where it belongs and eliminate manipulation if any.
You meant a great day for you. Well, if it continues this way this description won't fit even for you.
It's not a great day, not even good. 35 million shares traded and current information status update PRed which could very easily take out the ask and move the PPS to above 0.002, yet the close is the same as yesterday which was already low even before today's PR.
structengr, does that mean they are CE now or not? You wished the CE is removed which means they are CE now. Maybe you equated Limited Information to CE? In all cases there seems to be a steady progress.
structengr, the CE was already removed a couple of days ago as far as I know and replaced with "OTC Pink Limited Information" which is supposed to be a transient status. This is what I see at http://www.otcmarkets.com/stock/EVDR/company-info
Please let me know if this information is not correct.
Another step forward. As I said before, not WOW development but comforting one. Let's keep following.
If by mutual fund they mean an institutional investor then this would be moving to the next level as those people don't joke about where they put their clients' money and would be a sign they not only see a safe investment opportunity but also one sizable enough to meet their size demands. I hope the IR provide more details about this issue.
I wouldn't call the last PR impressive, but rather comforting. They should build on that by providing more information about new developments as well as the merging candidate itself.
But nothing says they will no longer work with EVDR. It's only they IR may be sold and then the new owner will probably continue with EVDR, hopefully in a better ways. But this may take months if ever happened.
They are not going down Gutts2323, they want to sell the company not close it, and sell it for good money I believe. It could be a "why not" attitude, if there's a good price then be it. If not they continue working normally.
One IR goes down, pick up another one. IR service is cheap in OTC world.
This is not called news lonay, at least not real news which should be about actual development sealed and delivered. This is another trick in the game the IR is playing to pump the stock. Not respectable in my opinion. I thought they've stopped doing such things but obviously they are unable to hold themselves. It's a joke to read that the company and shareholders are researching candidates, who's exactly is running the company, what are the regulations and mechanism based on which the shareholders - who for the company are a vague entity - their research will be fed back to the company to decide based on it, and is that "research" defined or everyone to his own mode and understanding and bias to do whatever effort to come up with whatever results based on which the company should make the right decision. A joke and a silly one.
Unless that joking IR stops mentioning this company every now and then just for the sake of showing them that it does something, and announces only signed, sealed, and delivered news instead of the predictions and uncertainties it keeps spelling out, the price will keep plummeting as it's doing now.
Thank you IR, enough with your great effort and "news", it's already at the bottom.
NEWS JUST OUT check the early bird letter
EVDR
Company and shareholders with research on 3 separate candidates. The Texas gas company, The Russian Beer Company and a Medical Robot Company. The gas company was flatly rejected and the stock price reflected it with a 50% drop! Message Received! The management is leaning towards the Medical Robot Company. See www.drvibot.com. This USA based company that trades on Frankfurt Exchange in the 1 Euro range! They are doing their filings 1st to reflect EVDR merger and EVDR will do their filings with a new Adequate Disclosure to remove the skull and bones rank.
AMA33, I'm not talking about outlining the transaction, I'm talking about the selling cost, just a simple number. They had no problem talking about that number when it was still an estimation and now when it's supposed to be a fact they want the shareholders to wait for the "Adequate Disclosure and company's financial statements"? So the IR is active only with fluff and absent with facts?
That's what I said, didn't that "divestiture" have a cost? How much is it and where did it go? Still being wired and stuck in the middle between the two banks? Or after that hype the IR made the actual cost was too low that both EVDR and the IR are embarrassed to announce it?
Although I believe in this company but I don't like blowing hot air in things. If it's good then it's good, if bad then bad, and now the situation is blurry at best. The company should respect its shareholders and communicate everything clearly and sharply to them.
What the IR did in the last newsletter by avoiding mentioning EVDR because there was nothing worthy of mentioning was a good step, but only if this is what they gonna do from now on. Let's see if better actions will be taken.
This is normal for a company that's supposedly having everything going great and groovy with actual developments yet communicates nothing but fluff to its shareholders through its IR letting them wonder where have the good news gone and why not released if real. This is an utter disregard for the shareholders.
Still absolutely crazy for anybody to even consider selling at these low levels.
Could you copy and paste please? Positive news is good provided it's real news.
hawkeye612, I'm not against EVDR but you wrote "until the news of the merger comes out this week". I would like to know on which basis you specified the time of the news as "this week"? You mentioned it as a fact, please provide evidence or at least communication verifying that. The price is already too low and not lacking any disappointment to go even lower.
Whoever has those almost 10 million shares for sale at 8s, I would suggest you wait until the news of the merger comes out this week. Still going to be able sell them at a minimum next week for what you have them up for sale now. And might triple your money or better next week after news.
Although I believed in the potential of EVDR and still do, what has been going with it recently is nothing but a bad joke. We have an IR that keeps mumbling with the same unverifiable information. For example:
- The assets sales value was estimated to be $5m. When it was supposedly closed, nothing was mentioned about the actual value!
- About 10 days ago that unknown value was reportedly being wired to EVDR, until now no news that this was done and we do not know why.
- Semi-information was given about the gas company saying it is in Texas, new company, not big, but no specific information was given. A way to create a buzz and speculation among investors and traders. It was enough to say its a gas company in the USA and enough, but yet being that near yet so far is a way to stir things up.
- While the unknown value has not yet been transferred to merge with the teaser gas company, the authorized shares were raised and no reason was given by the IR, this is where they were actually supposed to do their job and communicate something to the investors, but yet still they leave that and keep releasing fluff blurry newsletters.
- While the scene is blurry enough with too many information yet no real information, news was released today about EVDR competing with another company in the merger of a Russian-based beer company, and if not, then it's brganic beverage company and an organic Coffee business! Is this a replacement for the gas company? Is it the second merger? What?
The strange thing is that the IR wrote in its newsletter today "EVDR Disappointed by the reception (share price valuation) it saw when it disclosed basic info on the Texas Gas company merger". Who should be disappointed? EVDR or the shareholders? The statement should be "when it disclosed FLUFF info".
What EVDR with it's IR have done is making EVDR a stock for flippers while pushing longs away.
This situation will continue as long as the IR is insisting on mentioning EVDR in its newsletters just for the sake of mentioning it regardless of what's being mentioned and if it has substance.
It's either the IR mentions clear, solid, verifiable information about finished and sealed developments, or this stock will keep going down the drain.
MrMajik55, if they want to hide the name of the merger candidate for the benefit of the process so it's better to leave it that way. They are hiding it for a reason.
Thank you Gail.
BoilerRoom, thank you (reply to private msg as I have a free account).
Great analysis hawkeye612. You mentioned that "Most banks love to see that type of ratio" which I understand related to financing form banks. This way when/if there's a need for more funds for growth or operations, the gas company can rely on banks instead of EVDR diluting by selling more shares. It all seems good.
My opinion is that there's a room for steady PPS appreciation for a couple of months at least. Considering the given numbers (shares, assets, ...etc) and potential, what do you think the PPS could be in 1 month and 1 year?
Thank you for this information hawkeye612. I would like to know how you see EVDR after the purchase is done as it will make a qualitative change to the company. Also if anyone has opinions or similar experiences you can share with us, please do.
locosurfer and Miami_G, I wish I could reply in private but I do not have the feature so to abide by the terms of service rules I will stop here.
locosurfer, thank you for your private message but I do not have private messaging myself so public replies are my only channel. I hate complaining but now you leave nothing else for me to do. Thank you anyway but at least I tried.
"Posts about Moderators and/or deletions are "off topic" according to Ihubs Handbbook.