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its obvious dmphoto just sold a bunch which dropped the price, he lied..its sick, and now people get to buy cheap shares....nice
on the verge of news pending a quiet period. how you feel about a quiet period is up to you, but obviously there will be buyers all along the way, whether the PPS goes up or down...GL
sure, what would u like
absolutely not, screen shot it
u must now screenshot the email for the board if it is real, its the only way man
dude, jack just wrote to me he did not say that
dmphoto, you lied, sorry man, please do not do this, they are looking for much more than $10M, in fact its $100M. Whoever sold because Dmphoto diminished the funding potential, sorry, but you always have to do your own DD:
File Amendments & Possible Funding as of 3/7/11
New information has come in from what I know, and the files are being amended. EVCA is looking for $100M, who knows how much they will get, but they want it in installments over time, likely an equity line of creditt, in order to keep the funding from being overly dilutive...its a major major moment....this is why we are in the quiet period IMO. If anybody has any ? please ask Jack, and ask him what's being worked on is being amended, you'll see
no, you are correct, but its been amended as of this past monday...check my sticky..GL
correct, but here IR says it will be a few weeks so that gives all a chance to decide how much to put into buying stock.
yes toucan, as you and I have discussed, they want $100M in the right terms.
i too have talked to them, they are looking for $100M, but its to come in installments, not a lump sum. They want a $100M deal, its the length of the deal they will not tell me.
not an issue here, they are looking for $100M in funding, and have had several offers of various amounts of which I do not know the dollar amount. What other penny stock do you know of that goes into a quiet period to appease a third party?
note: accountants and attorneys, not auditors, that's the tip off man, must read between the lines :)
it just the MMs trying to cover by making it look weak, they shorted several million monday and tuesday and have to try and get them back.
a squeeze is developing at the moment.
3.7M short between monday and tuesday...whoops haha
I'm tempted to make a spreadsheet and have IHUB put their shares on it....u think that is a good idea?
I'm getting the float info from Jack today :)
nickles to quarters here boys, and that's before the news...IMO
on this stock, the ask is always fake, virtually no retail has shares up for sale, they sell at the bid. There are not many shares left to sell. Look at the accumulation.
Someone snuck about 10M off of the 25M float back in January.
This is my retirement stock, and I mean it. By mid summer when my job contract is up, I plan on living off of this, and day trade full time.
I've got 950K of this.
good one man, let me say this..... small caps get funded all of the time, and for 10s of millions of dollars.
with the DOE handing out government guarantees on VC into alternative energy companies, you honestly think funding is impossible here?
are you kidding me?
The third party is awaiting for offical filings on the 10k to proceed with whatever the third party is doing.
Funding appears to be it, could be a merger...bottom line is some sort of news, that has EVCA bending over backwards for. stay tuned, I know you will my friend.
agreed
Here's what Jack says as of 5 min ago
10:03 AM
Reply ?Reply
Hide details Jack Eversull Jack Eversulljack@theeversullgroup.com
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From: Jack Eversull (jack@theeversullgroup.com)
Sent: Wed 3/09/11 10:03 AM
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Everything in the works is good. Quiet period is just to get things done at the SEC. Just be patient
i'll follow that up with everything jack has ever said has come true....
agreed, no pump needed, NASCOW read the top sticky thanks.
Sure, here are some:
on a fully diluted basis that is possible, the 10k is due at any time now
New Info, MUST READ 3/9/11
EVCA is in a "quiet period" requested by the third party they are dealing with. The third parties SEC lawyer as asked for this.
Jack tells me this is to keep EVCA from releasing information that will effect the share price at this time. The third party wants to work whatever deal it is commensurating with out any attempts by EVCA to spike the PPS.
With that said, huge news is on its way obviously. To me, and many would agree, the third party is likely a financier that is trying to establish a fair value for the stock as it is right now before determining how much money to fund, and what they will get in return.
The third party is in complete control right now according to Jack, so, with EVCA letting this be the case, its the equivalent of EVCA sucking up to whoever this third party is.
Nothing has been filed yet. The third party is waiting on EVCA's 10k, the latest share structure, and complete financials before they will finalize a deal.
Bottom line is, the third party wants to know what it can get out of EVCA for whatever it is they are willing to give, which is likely a huge amount of funding dollars IMO.
If a major funding deal is commensurated, the sky is the limit here.
If its not funding, but something else like a merger its still major news.
The smallest news I'd imagine it to be is announcement of a new line of cars to put on EVCA lots.
By the way, the Foyte news is not the news that is expected according to EVCA CEO Mack Sanders.
Good morning
Golden Cross comes this Friday IMO!
what is your take on "quiet period?"
Regarding EVCA's "Quiet Period"
EVCA is currently in a "quiet period" where no information about material events will come out. There is more than 1 document to be filed with the SEC. However, according to the SEC a "quiet period" is enacted for 1 of 2 reasons only, either 1) a period before an IPO in order for a company to not hype the stock driving up the PPS before the IPO, and 2) a period before convertible equity securities are being institued in order to not drive the PPS up.
Well, we are not getting an IPO, but EVCA created 20M Class Convertible B preferred shares on 2/10/11 for the sole purpose of funding. In fact, here is an email reply to me from the EVCA COO Scott O Neal regarding the newly minted Class B Preferred
I did not know that. With EVCA there is more than 1 filing coming. Clearly, they have not hit ENTER yet.
sure thing boss, the multiple filings coming will be reviewed by 3 parties before being listed. one of the parties is the SEC.
i can inform you that the scope of these multiple filings will take time for them to show up on EDGAR. They have to be parused by multiple attorneys, on 3 sides, EVCA's, the SEC, and the third party involved.
I do not know exactly what the filings are, but the overwhelming hints are funding.
nope, the SEC goes over all filed documents before placing them EDGAR. Otherwise you could have any company say anything and have it official on the SEC website, doesn't work that way, there is a lag time...
we are all talking about the time the SEC will be going over the documents before electronically placing them on EDGAR
you need to talk to EVCA, the quiet period extends to the filings too, the SEC is going to hold them close before releasing them publicly. the SEC needs to go over them, there is more than 1
Good ole CSTI needs shares :)
Maybe this week, look, I talk to the company daily, and the deal is, there is more than 1 filing. Also, the enormity of the filings are going to be looked at closely by the SEC before they make them effective. It's supposed to be game changing information, it appears as if its financial info, which leads me to believe its funding news.
If its funding news, the SEC is going to have to contact the financier, and figure their assets before they approve the filing.
At any rate, there are multiple filings, and PR will come out as soon as they become effective on EDGAR. That pretty much sums it up.
I wouldn't expect it in a lump sum, but in installations as gets worked out between EVCA and the financier.
The government guarantee on part of the loan if approved will be a major catylst for even more funding...wait for the filings.