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Agreed, but if you are already holding 16 Mil plus, those 400K don/t mean much.
I think the share structure is just fine too. Its the Warrants that are able to be converted to shares at. 30 ( thirty cents each) and turn over at or above .45 each. Very nice return, and everyone needs a pay day once in awhile. Not saying that is the cause, just a very real possibility.
Who could turn down a quick 60 K or more profit ?
Has anyone else closely read the 8-K filed on the 6th of this month ?
I believe the drop today may be related.
Don/t know who sold to make it drop to .53 but put in a buy order and filld at .57 area.
It bounced back to fast to catch it below that !!
Your Post is so " Marked" !!
Pretty simple G C .
If you are holding 4,000 shares just divide those by 75.
Now instead of 4,000 you now have 53.3 shares. You must also multiply
the share price by 75 at the same time. So, if it split last night
after the market closed when the share priced closed at .2036
you would hold 53 shares at a per share value of $ 15.27ea..
Your dollar value would N O T change. What you are hoping to gain is
exposure to the deep money pockets of large fund holding companies
that are not allowed to purchase OTC stocks.
That said, EVSI would then have a very small float. It shows ruffly
150 Mil shares O/S. The float then would be 150 - 75 = 2 Mil..
Most large trading companies do NOT like low floats as it is often
hard to get out if you have very large blocks of stock. So if they
do the 75/1 split I would look for them to follow ( once they feel
comfortable with the new listing ) to do a forward stock split to
make more shares available for trading. JMPO on the forward split
potential. They may have other plans. But it is obvious that the
float that low will scare off some investors. However, if they have an
extremely rare product that experiences great demand, such as the
perhaps the Standard TM, then the float size will not matter!!
I am very positive on EVSI, Desmond and the boys!
G C
They have always had a " Board of Directors ", at least since going public.
They now have an " Audit Committee " as well. You can find then listed
in the info on their web site.
Hope that helps!
Don/t know what went wrong so I will re-post it.
They have redone their Web site. Really nice , informative, and in
Historical order. Impressive.
Would like to see a nice Fed. Government contract for the Drone
chargers!!
I believe that this will be the " Over the Hump " year for EVSI !
They have redone their Web Site page. Really nice job I thought.
Lots of info and in Historical order. And the future is bright for
those with patience.
Would like to see a nice government order for the Drone charger!
Picked up a little more again today when it dropped. Looks like some of those who where payed in shares may have sold for the money. But the price came back nicely. Can/t always watch, but I saw one buy for 26,800 shares I believe. And several at 5K, 8K and a couple 10K buys.
And today/s volume may get a little attention for tomorrow. We shall see.
Agree there. There may be a few inexperienced who panic ( the sky is falling !! ), but don/t see any grounds for a serious sell off. If it would, that I believe would be a buying opp. if it fall 20% or more.
But don/t see a serious problem on this news alone.
No doubt in relation to the merger cancellation and perhaps pre-market orders.
Picked up a little more today. Still adding when I can.
With the Gov. shut down the Sec. is not at full strength and I suspect
that the application for up lift may take a little longer. Hope not.
Ahh, the weekend is here-enjoy !
Welcome aboard G C .
I would assume that they are engaged in doing their new job. But
you can always email them with a question or two.
we are about five weeks away from the next quarterly, but it is news of
the Nasdaq application that most are awaiting to hear of.
Happy Holidays fellow investors!
Nice idea Richard. Thank You. We now get to see the current price of GENE on the CSE.
Noticed on their web site that they now have established a " Audit Committee Charter ". Noticed has been posted yesterday, 17 Dec. 2018.
Another move toward up listing I would think. Still adding when I can.
Picked up a few more last Friday. Still adding when I can; and awaiting the Nasdaq announcement.
My research shows that the average waiting time for a Nasdaq response is four to six weeks. Don/t know the date of application. But the announcement was in the 14 Nov. 18 PR. So, from the middle of November until the end of the year ruffly. Maybe a little longer because of the two Holidays involved during that period. So I figure maybe no later than mid January 2019. Could be much sooner.
Just estimating of course. But there has been more buying the last month than selling. I am hoping to add more yet this year if possible.
BTA
Nice news this AM. . A new " TYPE " of customer too ! Just goes to show how broad a market really exists for this wonderful product !!
Picked up a little more yesterday. I will try to today also, as funds allow.
I also believe that they want to go to Regular Nasdaq listing rather than to Nasdaq Small Caps! That would give a Much Much larger financial exposure for them, and World wide so to speak!
JMPO
Chaka,
That/s the number listed in the filings. That does not mean
that it will be 75 to 1. I am NOT a Sec. Lawyer, but it is my belief
they can do less if they wish to. But the limit would be 75 to 1 .
Maybe they are not sure of the total number of investors that will actually come on board !?
Well, the Management has been guiding this company properly for a long time.
Nasdaq has various levels. To get on the Nasdaq " small caps" you can have a share value as low as one dollar !! The two dollar level is better of course. And the company could achieve those levels with a much SMALLER R/S. But the Regular Nasdaq listing would open up the larger investment groups. 401 K funds and others. And a 75 to 1 R/S would put EVSI at about 18.00 ( Eighteen) dollars a share! Smart move in my opinion. So take your current number of shares and divide them by 75. THAT IS THE NUMBER YOU WOULD HAVE AFTER THE SPLIT. Then multiply those by 18 DOLLARS and that is your value! The same as before the split ; but with a much better trading environment !!
The same applies to the float. A 146 Mil float is now 2 Mil..
And if the price runs to 30 or 49 per share you can then do a " forward split!!
I like the direction we are headed. But this is of course, JMPO
Best to All
I have read the quarterly. Now I would like to hear what others may think? Especially regarding the future plans, reverse split of 75 t0 1, and the up listing as well as the future if there is no up lifting?
Thoughts anyone ??
Glad to hear that you are holding a goodly portion. Between last week and yesterday I was able to add another 11.5 K .
Will continue to add if and when possible. As everyone is, I am awaiting to hear the results of the Nasdaq application ! Don/t know the average time for such a process. Would guess one to three Months. Opinions anyone?
News of the offering posted at 4:10 P.M. . If this is going forward it is looking like the application for a Nasdaq listing may also be going forward!
Lets hope so!
Steady growth. Glad to hear you are growing your holdings. TThis is a rare gem. JMPO of course.
Again, has anyone received the monthly Envision news letter lately?
And is that ten calendar days, or ten trading days ?
ok, tks. I myself agree with you, but based on a certain filing.
TJ,
Are you still with us ? I was hoping that you wound reply with a
positive idea or piece of info. I sure can think on one!
Any how, has anyone received the monthly company news letter lately ?
TKS IDO,
The problem there as regards the PODA deal is the wording.
It say, upon completion of the " arrangement" !! Just how is that to be understood ?! It would seem that as of today, no one yet qualifies for shares as the arrangement is not complete. Perhaps it never will be.
Without a firm date it remains just a hope. A very well meaning one no doubt; but just a hope none the less.
Positive news for sure. I like the part where it has been approved, not only by the Board, but by the TSXV !! That in harmony with the PR of 25 Oct-just six days before. Moving along well. That confirms an immediate sales outlet now in place.
Would love another PR up dating the PODA spin off!
Coca Cola CEO just stated on CNN stock channel that they have NO intention of getting into the Cannabis Market.
One down and many more to hear from yet. But looks like its going to be the Alcohol sellers, Beer and Spirit makers who will want " a piece of the action " .
Once the Panic sellers are gone the Worm will turn.
Looks like maybe-just maybe-some of the shorts have to cover now!
And so Another Major Foundation Stone is laid !
Another source of sales. This is what adds to the bottom line.
Thank you for posting that update. Here in Central Pa when Medical MJ became legal the first day here in the Capitol, The local store had to close by noon as they ran out of product. They did very well but had grossly under estimated the demand !!
Invictus, as a supplier , has a bright future, and the Gentec stores, when opened, will only add to it!
There are now many buying op/s throughout the Markets. IVITF is just one of them. But being as it has dropped to the LOW of the year, a nice bounce could be in the near future!
IDO,
Don/t know that I can be of much help on this one. Only the Med. MJ is legal here in the USA. There is still a bottle neck in the supply chain so prices now and prices next yr. could be a large difference.
I talked to some younger ones who know more than me. I am NOT a user of it in any form and haven/t been since Viet Nam. But I am told by them that the price for leaf can be any where from 12 to 20 Dollars depending on the brand name ie- the strength of the product. There is also a " Wax" for melting and some other types I hear.
Hope this helps.
Ruff morning for the Market overall ! Absolutely NO intention of selling any at this low point! The company is still solid, and working on Future prospects so patience is the rule of the day. I will see how the week ends. Up from here I suspect.