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Can't until RW sells his shares IMO
This doesn't look like a pump to me - the shares have been put through below the ask... 17M and adding... this looks a lot more like a 25% shareholder getting out to me... you know RW needs to get rid of those shares. We know something happened at trial that couldn't be made public.
Great Question:
MAXM is the MM
MAXM is a market maker. They are traditionally a non-retail marker maker, which means they don't work with small investors like you and me.
Legal Document:
http://www.otcmarkets.com/otciq/ajax/showNewsReleaseDocumentById.pdf?id=4017
Also not quarterly's - they back that info.
Love the 8M on .0004 bid - big support finally
There are many legal documents that explicitly say he has not sold shares in 2009. With that said - where is your evidence he did sell shares in 2009? The audit is supposedly still an on-going thing that has been delayed for now. I would assume with all these financial issues - an audit will be even further at the forefront of EVRM's agenda - once the court case is resolved.
If anything JS beat RW... RW sold out his company to EVRM and was virtually looking in from the outside.
Come on now... think about it some more - you are totally backwards.
1. How could RW win his argument? He clearly took the money as a bonus, there is no denying that. He clearly did not get that authorized. He clearly paid off the secretary in some capacity. Even if RW does win - his shares will need to be retired which will only benefit shareholders.
2. What practices would those be? Revenue with no toxic debts? How does that outcome not benefit shareholders? 25% of the shares will be retired!!
3. Your most logical argument. I wouldn't put it out of question, but I have yet to see anything even point in that direction - aside from babble that is totally conjured out of absolutely nothing.
4. Exactly.
My point stands, whoever wins the case is really irrelevant as shareholders are going to benefit from either decision... 25% of the Shares are going to be retired.
It has not.. Those are questions, not answers...
Who knows why RW is still going - that's what I'm asking - what is a possibility? so far I can't think of any reason.. nobody can give me a reason..
Why would JS keep going? Why would he put his own time and money into keeping the company running?
all I get is he must have some reason... but thats exactly my point - nobody can give me a logical reason.
RW took 90+% of the operating capital and gave it to himself as a bonus with out consulting the business? with out going to the board of directors? paying off the secretary - but no one else?
Why do you keep insisting RW is going to be given STS back???
STS was bought out by EVRM - it is a WHOLLY OWNED SUBSIDIARY. RW sold out his company and took a lesser position under JS. The company now belongs to us the shareholders of EVRM - not RW
Nobody has still given me an outcome in which RW wins the case - it doesn't make any sense whatsoever. Not to mention the fact RW has been sued plenty of times before - for finance issues no less.
People are replaceable dude - RW isn't the only person able to gain contracts or have certain status'
And EVRM is not just about an iris scanner - in fact most of their business is in other related fields with the software, networks, and IT... The implementation was their second phase of their plans from years ago. Just because they haven't got to that phase of their plans yet doesn't mean it is a failing business. They have and still are creating revenues through phase 1 - and have holding on through some tough times - so there's only room to improve going forward.
The past means nothing here... some of us invested much later than 8 years ago - and thus have very different expectations. Some of us were not involved when this was SEVM and frankly don't give a darn because EVRM is a totally different company and aside from a lack of communication from the company - which is likely not their fault - you can't really disclose sensitive info.) - they have done a fairly good job running it since I've gotten in.
I already explained very clearly the 80-100M valuation - and they were spot on.
I put out a challenge for someone to put out a theory on how this company will be any worse going forward - and explain a possible negative outcome from the court case - and I've yet to hear anything. All I get is I don't know and garbage from 8 years ago (and another company all together) that is totally irrelevant to today.
So until someone else has a point to argue the downside going forward - and forgetting the past - I see no reason why EVRM doesn't have at least an equal chance of gaining traction again vs falling out and dissolving
It shouldn't take much at all...
The fact that this was between .003 and .005 prior to the lawsuit - and since then a 25% inside shareholder's shares will one way or another be retired - only bodes well for shareholders - provided EVRM doesn't raise the O/S to raise money. The fact that JS has been adamant to not raise that in the past, the fact he is paying from his pocket rather than creating new shares, and a possible huge cash infusion, shows more evidence in favor of that not happening than happening.
Personally I came in during that time period, and not when this was pennies and people believing they were dealing with a company on the verge of being fortune 500.
The company is currently maintaining a positive cash reserve, has zero toxic debt, and that is more than most stocks trading at .0004 can say.
EVRM has repeatedly stated they have all but shut down operations minus some on going projects from prior long term bids - and focused attention and resources towards the court case. The court case is still not resolved - thus - very minamal revenues since what was it early 2013...
It's at the end of last quarters report:
Notes to 3rd Quarter Financial Statements:
2) The Other Current Liabilities account includes a contested invoice submitted to STS by a contractor, as well as salary accrued by management, and additional monies loaned to The Evermedia Group, Inc. by Jonathan Sym to meet operational costs. These break down as follows:
Contested Invoice - $89,725
Jonathan Sym Loans to Company - $37,000
Accrued Salary for Front Office Employees - $45,650
for a total of $172,375 in Other Current Liabilities. While the company continues to meet its obligations to all field personnel, front office personnel have continued to accrue salary as required.
http://www.otcmarkets.com/financialReportViewer?symbol=EVRM&id=129621
Worth mentioning also is the fact that the company is operating by JS puting his own money into the company to pay salaries and bills - he could've easily just added to the O/S or sold the company. Shows the the company really has a solid belief in a good outcome from the court case, and also the sustainability of the company going forward.
That's the Korean extension of EVRM.
Supposedly The units were manufactured by Hitron Systems...
Not that any have been sold - and who knows who the rep selling those is...
Not that it makes much of a difference, but yeah - you can see it.
there's 2 different models.
I've seen these in English before but... I just came across this quick.
http://www.hundure.ru/evermedia_iris.htm
It's especially annoying when I have gone out of my way to answer each and every question completely and thoroughly... and they still get posted 4 times a week... I mean really... debating things that are going on over 7 years old is pretty ridiculous. Not to mention the defamation and slander...
I'm guessing you'd have better luck calling Bexar County... see if we can get an update on the case from them... seems odd nothing has been posted from them. I've been checking the schedules since Jan. and they haven't been scheduled once - at least that I could see.
Who knows how long a share structure overhaul could take.. I mean the audit wasn't exactly a fast process for them - I can only imagine overhauling sharestructure is even more time consuming.
What, Your rumor?
The company needs to do more than a stock-split to resolve the issue. A stock-split doesn't change value - RW's shares being eliminated for one reason or another WILL change the value.
You mean a great feel for your opinion of a company (and former company) that is about 7 years out of date - and based on nothing factual whatsoever.
A complete overhaul of the share structure.
Can anyone explain to me why EVRM is listed under "default" status in Nevada's Secretary of State? It says the list of officers and business license expire 08/2014... would explain the default status (it doesn't mean the company defaulted...just not current). Anyone have any clarification or know how to get in touch with the company about such a question... as being a shareholder, I'd like to know why a company I invested in has a status of default... just sayin.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=xuNJfnwmkJuU9uNksGYH4Q%253d%253d&nt7=0
It's Obvious that the result of the case cannot be made public yet. That doesn't surprise me in the least being this is a publicly traded company - the information needs to be disseminated at an appropriate time.
Let's not forget part of the suit was for RW to give back shares of the company. So the question I have been asking for months and months is - how does this happen? The company has to retire shares - buy them back - or release them to the public - at least in my opinion, those are the options. The other option is RW is deemed to be in line with corporate policy (somehow)... My question then becomes... Can RW still hold shares? Obviously there would be a huge conflict of interest that cannot be sustained if he did hold shares. I still cannot see any plausible way that RW can hold on to shares after being released by the company (nor could L4P for that matter).
Either way the share structure will need to be redone. That will take time.. The board will have to meet to figure that out - It could very well need to pass legal requirements.. and it also Implies any of the board directors cannot benefit from this - (does JS donating a huge amount of shares to SLS - a non profit - have anything to do with that? - I'd say that's possible).
The company also has Q4 to do and Year-End to do - it's a very packed time, and there is a lot of sensitive information that will almost certainly be revealed in them. The fact that nothing has been posted is totally expected - and a major restructuring is underway - Win - Lose - or Draw.... and that in itself is encouraging for long-time shareholders.
Might have to do with how RW gets rid of his shares. For one reason or another he won't be holding on to them... as a ~25% holder and insider of a publicly traded company, that is not an easy thing to deal with.
If STS would be returned to RW... there would have to be some sort of agreement based on a shareholder vote as to what price they would be rturned to him at. It would be more of a sale than to "give back".
Or I would assume it would follow the lines of a "spin-off"... something as such:
A spin-off involves the distribution in the form of a dividend by a parent corporation to its shareholders of the stock of a subsidiary in which the parent possesses a controlling interest. The new entity's shares are distributed on a pro-rata basis to existing shareholders of the parent company, without a requirement that the shareholders surrender any stock of the parent in return. After the distribution is complete, the shareholders of the parent company become the owners of two separate and independent companies," and own the same proportion of stock in the subsidiary as in the parent corporation. For many corporations, the benefits of such a divestiture are immediately apparent.
The case is only taking so long because it was booked for over a year after it was filed... just waiting for the date now. Courts are booked as always, We live in a litigious society.
How do you you think share structure could result - either way the decision goes?
This is the best (most original) post you've made - gold star
However many people don't invest on the past - and invest for what is to come
Do you believe Richard had rights to take 90+% in operating cash as a bonus for himself?
How do you See the share structure playing out post-court case?
- Surely the shares will be restricted at the very least and probably will have to be repurchased by the company to prevent tampering in the case RW does win the case (which I've yet to see a reason of why he would)
Those two reasons alone should bode well for the Price of shares going forward from here... am I saying this company is Legit and is a good investment long term- I'd say no - in that respect I'd give some worth to some of your points, but as a short term basis - those are irrelevant - and you can't bet on the long term with out first looking short term... markets are all about what have you done for me lately. To your point lately its been pretty ugly - which is why stock prices have bombed... but that is likely to change for good post court case - after that is settled it's a whole new ball game again - it's a giant reset for this company.
How can you claim EVRM has been fraudulent in their accounting practices because they did not have an audit done?
A) Audits are not required
B) The company decided to go to court based on Accounting practices of RW - do you think they'd really seek that out so heavily if all their books are cooked?
Operating costs = gone
Legal fees = A lot
Do the math... company can't go forward during a setback. Let the company get back on its feet - then we'll see.
These are your "Only Facts" huh?
...oook
Two words: Market Capitalization
The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to sales or total asset figures.
Company size is a basic determinant of asset allocation and risk-return parameters for stocks and stock mutual funds. The term should not be confused with a company's "capitalization," which is a financial statement term that refers to the sum of a company's shareholders' equity plus long-term debt.
In Sept. 2009 (when the PR was released)
Outstanding Shares = 781,540,115 Share Price = Aprox. .013
781,540,115 x .013 = $10,160,021 Market Cap
"BOSTON, Aug. 22, 2012 /PRNewswire/ -- Evermedia Group, Inc. (OTC: EVRM) The Evermedia Group, Inc. is pleased to announce second quarter 2012 revenue of $703,620, an increase of more than 375% over the same period in 2011 and nearly 70% of all revenue generated in fiscal year 2011 as represented by company financials posted August 21, 2012.
(375% increase over one year)
This dramatic increase in revenue is largely attributable to revenue generated by an increase in site completions under the ATG contract, an award announced on May 22, 2012, and an increase in billable full time employees providing biometric and business analysis support under the PACTS contract vehicle."
$10,160,021 x (375% x 3) = $114,300,236.25
Looks pretty spot on if you ask me.
You bet, I try.
Since the dismissal of RW this stock and board went into a total vacuum with most of the regular posters and supporters up and leaving... got tired of the same posts every 3 days for years on end.
I'm glad I was able to bring out at least a couple others lately. Wasn't too sure how many were still around haha.
I'm not trying to take anything too optimistic or pessimistic because I guess I really just got in for speculative purposes and until those end up one way or another it doesn't really make much of a difference to me. Nor does the history of all this... other than it gives me something to look at in my down time.
this is my lottery ticket... I don't expect to win, I'm just giving me the best chance I can
I'm glad it all makes sense to you.. please then explain it further, cause I don't see anything like insider information in what you posted, and see a poster's interpretation of the origins of the company.. which honestly was before my time here so I don't know the whole STS SEVM EVRM foundation too well.
This part in particular doesn't make any logical sense at all to me.. and is the least practical business decision I've ever heard.. but I don't know the source of where this came from so I can't really say much about it.
So why are they acquiring STS to make them a subsidiary? Well, because the STS management believes that this is the best they can do to try to make things right with the previous SEVM situation. They actually could have moved forward without looking back as I have seen what many other companies had done. They deemed it fair to acquire SEVM, or the majority stake, to help those STS shareholders that had suffered from the previous ”actual ownership” to be brought along for the growth that they believe they will be experiencing with STS. This allows those shareholders that bought SEVM to be part of their original intentions of growth from STS. By purchasing the controlling interest, they could bring STS under their controlled entity (EVRM) as a subsidiary to experience growth from news they could then release upon purchasing the controlling interest. As per EVRM’s last PR, that is in the process of being completed.
Absolutely.
But it could happen.
If RW still keeps his shares.. wouldn't you think he'd want to get rid of them somehow?
If he does keep them - they'd probably be restricted from selling them in someway - being the hostile nature of his departure and all.
It'd probably make more sense to settle on someway to get rid of them at once rather than a tiny bit at a time for many years (and not for much profit).. seems like a pain really.
It seems more likely that if he could maintain possession of his shares it'd be in his interest to sell them back to the company at some agreed upon price - and probably would have some impact on how much if any money would be returned to the company.
No idea how this turns out - it'd be an ugly mess to straighten out.
I just see a decision more likely to benefit shareholders and a company vs an individual that has violated just about everything Sarbanes Oxley was created for. Only problem is this is OTC Pinks- and legal matters are more questionable there.
When the case status says "disposed" instead of "pending"
Richard Weitzel was dismissed as co-presdident / board director
and as part of the court case his shares would be as well.
"As part of our demand letter in the current lawsuit, we have requested the return of all shares owned by former Director E. Richard Weitzel. We have not received a response. It is our aim to retrieve all Evermedia Group shares in his possession."
*Sorry - it should have been a ~25% shareholder, not ~50%
So why are they acquiring STS to make them a subsidiary? Well, because the STS management believes that this is the best they can do to try to make things right with the previous SEVM situation. They actually could have moved forward without looking back as I have seen what many other companies had done. They deemed it fair to acquire SEVM, or the majority stake, to help those STS shareholders that had suffered from the previous ”actual ownership” to be brought along for the growth that they believe they will be experiencing with STS. This allows those shareholders that bought SEVM to be part of their original intentions of growth from STS. By purchasing the controlling interest, they could bring STS under their controlled entity (EVRM) as a subsidiary to experience growth from news they could then release upon purchasing the controlling interest. As per EVRM’s last PR, that is in the process of being completed.
Where does it say all this... sounds highly speculative and bias to me.
I'm saying it could be as possible as any of your theories and opinions
That would be RW's credibility and integrity that would suffer, not JS - JS has defended the company and done so through the board of directors just as he is supposed to do.
What I am saying instead of your theory of JS getting rich by letting or having RW "steal" the companies money, and then letting the company go bust after he (and RW?) has already sold all his shares... Instead... Maybe JS plans on getting rich by strategically joining with a growing company and eventually buying it out, granting equal share (of stock, not power) of the new company, then finding a reason to dismiss that equal ~25% shareholder (and return of shares)- thus granting himself superpower over the company (stock and power).. and thus JS would instil even more credibility and integrity after catching and stopping and returning EVRM to a pre-RW capital stealing operation.
Either way they are hollywood scripts.. choose your favorite. One where JS is a good guy or one where JS is a bad guy. Either is possible, neither is plausible.
I can't state it enough... EVRM is going to be drastically different post court-case. Whatever was in the past surely will no longer matter.. good outcome or bad EVRM will not be the same. Investment at this stage is more of a gamble than for pink sheet publicity stunts and news.
A ~50% shareholder will in some way be eliminated from the share structure
- the entire foundation of this company will be rebuilt.
There was a board of directors appointed to look after shareholder value and accuracy for a reason. JS is the bigger fish in this battle, I wouldn't doubt somebody knew something and let RW get himself into trouble - all in the name of claiming an even larger majority of an even larger company. RW played right into his hands by selling out to EVRM.
Retiring or buying back most or all of that portion of shares will no doubt create a bigger change than any PR could ever do.