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Your question clearly shows you are new to this stock, and do not know much about this company. My advice: Stay away from this stock, do not put a single cent in it.
I am mad, not noble, at how my money is now vanished because I naively believed in the fake promises of DM, mad at how DM still continues to lie and steal money from innocent shareholders. Now I wished there were enough bashers around when I had decided to put my money in this scam. Perhaps I could have avoided losing my money.
The day that pps goes up is the day we get rid of DM.
Read this: http://www.globenewswire.com/news.html?d=179195
Back In Nov 2009, when this stock was trading at 0.0001, DM did a reverse split claiming it would reward shareholders...Look at where we are now, BACK AT 0.0001!
I am fully convinced DM is a liar. EVFN is a scam. Whoever has put money in this, is doomed.
DM better be away from his office FOREVER and NEVER COME BACK.
Doesn't DM ever have a conscience? He never feels a tinge of guilt from fleecing all the innocent shareholders over and over again?
Not just "real" news, but real news that is also "committed "
Remember the "real" news on execution of leases? Yes, it was real, but they defaulted on the leases a few months down the road - what good is that?
I regret getting into this stock. Now there is no way out, while DM is enjoying his latest inflow of money from new fools who fell for his lies. So depressing.
If you went over to the yahoo message board, you will read that the cause for volume spike is due to cancelled sell transactions.
You have been fooled by the company's PRs. This stock will NEVER EVER rise. It will be stuck at 0.0001 - 0.0002 for a long time until the company has maxed its A/s and thereafter the company will do a surprise R/S. This company has been a SCAM. It never delivered on all its important PRs. So what if it had given the dividends, those dividends are utterly USELESS! Up till today, the company is still telling people they are "intending", they are "planning", they "view", they are "in the process" - absolutely no commitment shown.
PLEASE DO NOT GIVE THEM A SINGLE CENT OF YOUR HARD-EARNED MONEY - or you'll end up as the latest victim like me and many others here, while the EVFN crooks laugh their way to the bank at how easy money goes into their pockets.
New PR out.
http://www.prnewswire.com/news-releases/evolution-fuels-provides-corporate-update-96975679.html
BUT AGAIN, plans, plans, plans, views, views, views, intentions, intentions, intentions, in the process, in the process, in the process...Gosh, weren't these the same words used in those previous PRs that never turned out to be true? This is simply getting too formulaic and now we can all tell this is another empty PR from EVFN.
All plans & talk, NO ACTION.
The words of the EVLN or EVFN can NO longer be trusted - and that also applies to their reports. The reports are not even audited. They can say all kinds of promising "intentions", "plans" - but all of which carry ZERO commitment. This company has been a joke like how they PR'ed on the executed leases but only to default on them subsequently. What kind of management is this?!
Do not throw away your hard-earned money to these crooks!
When will you wake up? We are never getting our money back. I am urging everyone not to put in any more cent in this scam. It infuriates me just to know DM is probably laughing away at how he had duped the naive shareholders of their hard-earned money, and he gets away scot-free.
Totally unacceptable. DM does nothing, and money continues pouring into his scam. Can all the shareholders please wake up? DM deserves no more cent from us after playing us with those fake PRs, and surprise R/S.
Yes, this company is a SCAM. Do not give these crooks any more money, until they show us REAL results, and not play us with empty intentions/plans.
If the company has the station operational, it would have published that information on its website. A "real" company would do that but not EVFN - it is a SCAM.
The so-called bashers are actually stating the truth. Just ask yourself: At this moment, is there anything really positive to say about EVFN?
That's even more terrible. Shorters would have no diffculty covering themseleves simply because the company is constantly flooding the market with new cheap shares (at least until the A/S is maxed and a R/S comes along). We are all doomed.
No. I am here because I am angry - angry at how this company published so many misleading PRs, leading shareholders to believe in the future of the company. But it all turns out to be a scam. They got away from cheating shareholders!
I am here reminding everyone not to let these crooks get what they want anymore - our hard-earned money. They simply do not deserve a single cent more.
Even if the vote goes through, EVFN will never get any funding - its a scam company existing purely to steal money from unwitting buyers. Why do you not get it?
Do not buy EVFN. These crooks have been liars and thieves for so long and stole so much money from the shareholders. They do not deserve support and should not get their way anymore. This needs to STOP.
Never ever put your hard-earned money in a company when its PRs are only about "plans"/"intentions". Real companies do not do that, they report actual, ocurred, confirmed events in their PRs.
The volume speaks for itself - Unbelievable there are still naive people buying into this!
The shareholders were all conned by the lies of the company. The crooks in this company gave so many misleading promises through its PRs, and led the shareholders to believe this company does have a future. The truth is: this company is fake and is only abusing PRs to dilute its shares. There was never a real commitment to see through the "plans"/"intentions" mentioned in the PRs. Sadly, till today, there are still naive shareholders buying into this worthless garbage.
Bigger investors? Who will want to invest in this SCAM?
Extracted from http://en.wikipedia.org/wiki/Stock_dilution
Share dilution scams
A share dilution scam happens when a company, typically traded in unregulated markets such as the OTC Bulletin Board and the Pink Sheets, repeatedly issues a massive amount of shares into the market by no justified reason, considerably devaluing share prices until they become almost worthless, causing huge losses to shareholders. Then, after share prices are at or near the minimum price a stock can trade and the share float has increased to a unsustainable level, those fraudulent companies tend to reverse split and continue repeating the same scheme.
I guess all the existing shareholders are doomed, unless something happens to DM such that he is no longer in the management.
What a shameless piece of dilution garbage! The dilution simply goes on and on with no care for the shareholders, and DM gets away with it.
EVFN is useless crap and is stuck at 0.0001-0.0002 yet again. So all the promising PRs have been fake. We have all been duped.
Lesson learnt: Never buy the stock of a company when its PRs are all about intentions/plans. If you compare EVFN's PRs with the PRs from other real companies, you will notice the real companies' PRs are mostly about actual, happened events, and not some intentions/plans.
EVFN is a scam. I hope nobody is still giving DM their hard-earned money.
Very solid advice. The sad truth is, any one still holding onto shares have been duped by DM's lies. Let's hope karma catches up with DM soon, something / someone needs to stop him from deceiving shareholders for their hard-earned money!
Incorrect! Last year before the R/S, this stock was also trading between 0.0001 and 0.0002 at billions in volume everyday. It never made a turn from the bottom. The same thing is happening soon as dilution goes into full force. The so-called "chart pattern of heavy volume and accumulation at the bottom" does not apply for a stock with heavy dilution.
No hope for this stock. Unless DM stops his dilution ways and for once, gets a REAL business going.
Going by the history of this company, this will never happen. Do not get your "hopes" too high on this. When was the last time this company showed us something promising in a PR and it actually materialized? Answer: None, other than the useless dividends given to us.
They are now trying to make the dividends appear to be "useful", and this will entice people to buy into the EVFN stock. But if you go back the track records, you will realize its the same old tactic the company has used repeatedly in its past PRs - announce something promising that deceives people and boost the buying volume of its stock.
The important word is actually "hopes"
This company is AGAIN playing around with words. By using "hope", it does not need to get this registration completed at all. This is not a real company. Which serious company will keep publishng press releases about their hopes, plans and intentions while in reality, nothing is achieved?
This company should really just tell us WHAT HAS INDEED been done, instead of giving vague PRs or mislead/fake PRs of executing leases, only to default on the leases subsequently.
Quote from the PR:
It is difficult to determine when such a registration statement will be declared effective by the Securities and Exchange Commission however Evolution Resources, Inc. hopes the process will take no more than two to three months.
This stock is back to where it was prior to the R/S. Hovering up and down 0.0001 and 0.0002. After so much "promising" PRs, nothing has been achieved. We can only expect there will be another R/S in time to come.
Do NOT buy this stock. The OS went from post reverse split of 164 million to 1.4 billion in less than 1 year. And plenty of dilution to come as the A/S is 100 billion.
Yes, you will see a lot of volume, but there will be no price change other than between 0.0001 and 0.0002. We have all become bagholders.
If the company was so "kind" and "considerate" for the shareholders, they would not have diluted to such numbers in the first place without any explaination given. They would not have given so many promising PRs including the mention of a press conference that never took place. They also would not have allowed the stock price to dwindle to a pathetic 0.0001 post reverse split! There are other companies that have done a R/S, and their price has stayed around the post reverse split level. But not for this EVFN.
This is a company that does not care for the shareholders. All it does is to lie and take money away from shareholders for no apparent purpose other than to fill the management's pockets.
At some point, we all have to wake up from our hopes, dreams and face up to reality that we have been burned. When will you do it?
Is this for real? Already more than 250million volume?! This may just reach 1 billion in volume soon. DM is truly a Dilution Machine.
There is NO WAY they are buying back stocks. If you have not realized by now, EVFN is one of the worst stocks out there.
The management is without conscience, putting up so many promising PRs but only to fall flat on them, diluting the stock post-reverse split right back to 0.0001, taking so much of sharedholders' money and not doing anything good with them except pay themselves their fat salaries. The dividends are totally useless so what if they had delivered them?
That is not totally correct. There is always a section in an annual report for POST BALANCE SHEET DATE events. This is meant to disclose material events that happened after the balance sheet date 31 Dec 2009. In fact, the EVFN annual report does have this section - under NOTE 15 SUBSEQUENT EVENTS.