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I know that; 23 bucks won't make me or break me. I was hoping someone might know something the rest of us cannot find through normal means of info gathering.
Like; is the company still around anywhere, is there anyone who I can contact to ask questions, like a President, CEO, CFO,etc.
There has got to be something somewhere. How about the guy listed in the ibox as a contact; does anyone know how to get in touch with that guy?
Thats 4 packs of cigis and I gave up smoking three weeks ago. I think I'll be okay.
TDameritrade; I think I just got luck, depending on how you look at it.
On a whim a couple weeks ago I picked up shares at .0001, 23 dollars plus comm. worth. Didn't think I could do it but tried for s**ts and giggles and low and behold it went through.
Now it's at .01 but no volume; today someone bought 20,000 at .01 and I can't imagine why.
There is no DD to be done because there is no new info thats not at least a couple years old. Does anyone have anything on this company? Is there or will there ever be any business? Why is this stock still listed and tradable (though no volume to trade) and not just completely abolished?
I don't care about my 23 dollars i put into it altough its now valued at 2300 dollars which is nice and would be nicer if I could actually sell it here. As I stated I did it on a whim but now I am curious to see if anyone out there has anything of interest on this stock.
Thanks
92 upto 152 days remaining before the next RS per PR dated June 03, 2010.
What gives: The following paragraph is a copy from the latest PR.
The two underlined quotes seem to contradict each other.
"The opportunity to increase our ownership stake in these wells and the surrounding acreage should prove to be very beneficial for our company and our shareholders," stated OMDA President and Chairman Adam Barnett. "We expect Concord Dome to be a highly profitable project for many years to come. The potential revenue increase with a larger ownership stake would shorten the timeframe to fully repay investors and put OMDA on a fast track to profitability. Discussions are ongoing for both of these proposed expansions." Mr. Barnett added, "Because this potential acquisition will be paid in full by OMDA, any and all revenues generated by these new wells will go directly to the company. With no investors to repay, our shareholders will enjoy an immediate benefit as the revenues come in."
I have a question; if everything they are doing is being paid for with cash, where is all this cash coming from? And at what point does the bank dry up?
I figured out how to get a screen shot of my account and the trade ticket, but I am having trouble now with trying to post it here. I tried to copy and paste, I can copy but I can't paste. I also tried the image button that doesn't seem to work.
Oh well I have tried and am now wasting time. I will try again later any help would be appreciated. I would suggest you call TD and talk to them direct.
"it tells you in that PR depending on how you decipher it." Is what I remember most about your statement of opinion. I agree it hasn't been looking the best with DM. But my statement didn't refer to the past issues nor the PR's. If you can re-read it again you will then have to throw the PR's out and do your own DD. Not waiting for people on this MB to do it for ya.
Why don't many people complaining about R/S or dumping of share, sell their shares and ease the pain. (better educated guess) That's all and try not to keep your eyes closed the whole ride on this roller coaster. One day it just might stop and it will be your turn to get off.
Above is your reply to my post:
First of all I'm not trying to start a mud slinging competetion however it seems you need some clarification.
I have done my DD more extensive then most here. I was a long in this and have lost just over 18,000. I have since woke upto the facts and the reality of what is going on.
I have also remembered what my strategy is and always should be with pennies and especially subpennies. That is they are for trading, not investing in long term. Yes I got caught up in the potential lotto and for the first time ever (since 1994, when I started trading) invested for long term in this stock. I might add that long term for me on this was a six month time frame and even after the RS I was still stupid enough to sit and watch my investment fade to the point where I decided to stay in for the divis. That was lesson two; if a worthless company is issuing divis then the divis will be worthless.
I am not really complaining; I stating my opinion which I firmly and adimently believe will happen it's inevitable. And I don't think my eyes are closed but rather wide open. This penny game is for making money by trading not holding; I have another account for that as well as IRA's.
I don't know how to do a screen shot. But I can copy and paste and this is from my account under description.
These are the requirements for short selling at TD AMERITRADE.
1.The funds need to be in the account prior to order placement.
2.The account must be margin approved.*
3.The stock must be marginable and available to short.
Please note: Shares must be available for loan either through an internal inventory or through agreements that are in place with external brokerage firms. When short selling, the risk of loss is potentially unlimited and you may be required to cover your short position at an unfavorable price; there is no guarantee that TD AMERITRADE can continue a short position for an unlimited time.
Number 1. you must have a minimum of 25,000 in your account.
Number 2. this is done by application and I don't know of one being turned down but suppose it happens.
Number 3. The SEC is the only one who can deem a stock marginable and most all pennies are not.
I may have overstated when I said I could short this stock after an RS. I haven't tried so I don't actually know if it is possible, I am assuming I can; it depends on the SEC.
You can call it an assumption if you'd like but it is a very educated guess. Look at the PR in which they said no intention of an RS for at least 120-180 days. Now review the history of DM and this stock and you will see the window of oppurtunity is a 60 day opening that is between 120-180 days from the date of that PR.
Come on man; you don't even have to look that far; it tells you in that PR depending on how you decipher it. "No intentions of an RS for 120-180 days", nothing said about beyond that; this is because they know they will have to do an RS about that time because they will be running out of shares to dump. The RS will give them a whole new batch of worthless paper. Notice they never ever reduce the A/S.
We all know news is coming. It should or we hope by end of the month. It should be about the EPA accepting thier product as a ecofriendly product and put on the covited list. Then they will be able to solicit BP in the Gulf or whoever makes the cleanup decisions. It has already been determined the EPA will have a hand in this decision and they ae lookingfor biodegradable products only.
DM's next move is obvious.
Go ahead and give them a week, a month, two months, nothing will change but not any longer because thats about the time the RS will hit.
I was refering to shorting after the next RS not now; there is nothing to be gained by shorting now besides at this level you can't.
I believe your right; after the next RS the price should be at .10 if not higher (I tink the next RS will be a DOOZY 1-1500+) and yes plenty of money to be made then.
It's a no brainer
TD
I know I can short the stock but sometimes brokers place restrictions on them for one reason or another.
I'm disappointed in DM today.
I expected another billion shares to be sold today.
At this rate it will take the whole 180 days to sell the entire A/S of 100 billion shares. I was hoping DM could do it in 120 days.
DM you have let us all down; come on now, dilute, dilute, sorry bad choice of words; finance, finance.
I actually can't wait for the RS to happen I will make a small fortune shorting this all the way back to .0001.
You can be sure I'll be shorting millions of shares. Thats if my broker will allow it.
I am amazed that so many can still be fooled. It's not even 9:00am here on the west coast and it has already dumped over 300 million shares. This is staking up to be a record breaking day.
New PR mentions the company and management seeking new financing oppurtunities. This means they will start to dilute the stock from he companie in which they distributed as divis to us; I told you all this would happen back when they first mad the announcements of the divis. By-the-way; the dilution with EVFN continues. There are no other oppurtunities for financing; who or what entity with any real cash would be even remotely interested in investing in this shell or it's incompetant management?
EVFN has no stations in which to sell fuel of any kind and the one or two leases they have which are not in question will never be developed. There was mention of the design for new stations being completed; Good Grief, those things have been in development for oodles of years, get a clue; there are no plans except those in DM's head. If there are then I challenge anyone to name the firm producing those plans.
I guess we can stop showing those photos of the Conoco station as if that was one of EVFN's. Give me a break; when that photo first came out, I told you then it wasn't EVFN's station. Possibly EVFN has a lease for the site and is subletting but I doubt even that.
Everything in this latest PR is rethoric just reworded slightly to intrigue and intice the fool who would buy into this POS. The old addage, "How many ways can you skin a cat"; has a whole new meaning when it comes to EVFNand DM. This has got to be at least the sixth skinning of this cat; this fluff has been delivered in one form or another simply have lost count.
For thoe people out there who continue to write things such as:
This is a great company and things take time to develop and don't happen overnite.
Do you realize this has been going on for more then five years now?It is EVFN now but was EVFL before and even another before that and on and on and on. Well all I can tell you is that per IRS code you have another three years under the banner of EVFN but I seriously doubt it will last that long. I'll take an educated guess and say maybe a year, it has at least one more RS left in it.
It completely amazes me how many idiots are out there that are willing to put money in this. With just 10 minutes of search and read on the internet should send red flags up everywhere. Spend thiry minutes doind DD and you should be ready to file complaints with the SEC not put your cash into a losing proposition.
Well I am done ranting for today and it's still early so I will go smoke a cigaette to calm my nerves and the rest of the day should be smooth sailing. GLTA
Its been said before and we dohave people taking pictures and keeping us updated but nothing is ever or will ever be done there by EVFN and it's management so don't expect any new photos or for someone to post something that we don't already know.
Come on people if you have been around this board and stock for a year; you have to see he pattern and youmust remeber what has transpiered so far; "NOTHING".
Compare the PR"s over the past year, they all say the same thing.
Move on; there are thousands of stocks out there of which to make money on and don't count on this ever becoming anything in your lifetime. Once DM has either died or milked this to its last drop; it's a goner. I don't mind telling you I am hoping for the
dead scenario; it's quicker and will save some fools a few bucks.
To get to .10 will take so very big news and I don't see where that would come from. The audit on the ongoing projects will not reveal in monumental revenue potential and the prospect of a bio diesel joint venture though having great potential would not be realized for years to come. So where is the big news going to come from?
So, your guessing news will be released and your hoping it will be big. Just like the rest of us.
How do you know news is coming next week? I expected news this week and thought it would contain some sort of prejected numbers for the new projects as well as positive news and numbers associated wth the biofuel prospect.
I recieved an email from the IR dept. but it didn't elaborate on anythig we didn't already know.
No doubt at all, it's inevitable.
Company buyback; thats a joke
it means nothing with this one
Wow; another day at .0001 and millions being dumped, well no surprises here anymore. It is what it is and if you can't see that; then you deserve to have your money taken by DM.
It will be much worse then that; closer to the last one, 1 for 600 or a better bet would be 1 for 1500
Who ever made that purchase has realy got to be pissed off right about now
245 million; Dm is back in town
I suppose that would be a "Crash and Burn"
Here comes .0002; wait here it comes, it's coming, yes, yes, yes.
Oh no it didn't come.
Damn; I hate it when I get all worked up, then the big release doesn't happen.
Except; there never was realy a company, you have to have some sort of operation with revenue (in my opinion) to be labled a company. In this case there is just the name "Evolution Fuels" and DM milking the system for all its worth.
I don't think so; if that was true, then they woud have realized it after the last RS. You can't trust in the masses, many people are just plan ignorant and/or gullable fools.
Rumor has it the lack of volume is due to the company having sold all 100 billion authorized shares.
DM has locked himself in a room with his ego and has vowed not t come out until he has put together a PR that explains the upcoming RS in a way that makes us believe it's a good thing for us.
I'm guessing he will be in that room for a long time.
Twodays in a row with very low volume. DM must have droped dead from the lak of money flowing into his wallet. Or somebody has that SOB tied up in a closet and shut down the press.
Wierd; it's hard to figure out this unusual action.
Only 1.5 mil so far today; hmm, DM must have taken the day off.
Can't we all just get along?
This board isn't fun anymore; I tried to have fun with it earlier tody but was deleted. I suppose my humor was a bit below the belt.
To add to your intelegent post, if I may:
People; there is no Evolution Fuels, there is only Dennis. If you continue to buy this stock at any price then you deserve what you get; nothing.
To believe that Denis or anyone else will bring this company t he forefront of anything is ridiculous.
I have suffered my losses andlearned a great lesson. Th only money I wuld invest in this or Dennis would be about 1 dollar (thats the cost of a 308 shell) just kidding Dennis, your not worth that much.
I guess better late then never. Come-On Google you can do better then that; this is last weeks news, which is probablly a lie.
Thn again DM just might hold true to his word and initiate the RS on day 181.
"NEWS RELEASE"
EVFN is proud to announce that they have decided; since we are unable to form any type of viable business within our company and create value in our stock price for our sharholders, we will build the worlds longest road bridge to the moon. The board and more importatly the egoistical Dennis M. has determined they do indeed have enough worthless shares of paper stock to complete the project.
A letter of intent is currently sitting on DM's desk just waiting for him to return from LA where he recently had dinner with MF, BW, GR and other celebrities. Upon his return DM INTENDS TO FORGE THE SIGNATURE OF THE PRESIDENT OF THE FEDERATON OF PLANTS. Upon completion of said signature Evolution Fuels intends on generating funds for the project through te issue of more worthless shares of stock. We appreciate ourinvestors and wish to reward them for thier patience so as soon as we can find someone with the knowledge of printing presses; we will redesign the press wheel and intiate a mass printing campaign of coupons for 10%off at any Evolutin Fuel Station. These coupons will be issued ata rate of 1 for every 25,000 shares of EVFN stock share hoders own after our next RS.
DM has said he is proud of this new venture and believes the link betwen the Earth and the Moon will prove to be vital in helping the U.S. t become independent of third world oil. He has further determined the untapped oil reserves on the moon provide a great oppurtunity for Evolution to find the next biofuel and provide years of deception inabling us to further sell our shit.
Dm has also said further updates will be forwarded to our investors as soon as we complete the necessary DD. It is our intention to divulge nothing real but feed you minions fake PR's throughout the rest of this week and long into the future.
One last note: It has been determined the beststarting place for the road bridge link to the moon would be from DM's own backyard. Sice we are planning a grnad opening surprise and it is important that everyone be there early to participate; DM's front yard will serve as the camp ground for those wishing to get in first. By the way te first three people in line will get to travel the bridge road free of charge. Charges for travel have not yet been determined butit is believed t be in the millions of dolars for each person but discount will be offered for vehicles cramed with the most suckers. We believe this sows a great conviction to cnservation and wish to reward those who care.
Actually it came out on Friday