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How about because Investor Relations is one of the listed duties for Robert Grannat who is Sym's office mate.
What's to discuss?
Either you do it or you don't.
Actually, it was the frequent PR's that were informative but didn't have the kind of financial substance you are looking for that made this look like a Pink. Several posters call the company and pointed this out to them. The result is there have been very few PR's since then.
But then they contained substance such as the STS acquisition PR and the share structure PR.
Looks like the company can't win..... People complain that too much info makes it look like a pink and then complain that there are too few PR's.
Maybe they have decided to let Quarterly reports do their talking.
Additional changes that didn't make it in the 15 minute edit period to the previous post.
Other than the fact that there is no evidence for the additional 102.81 mil shares being in his possession, I would agree.
Which was the point of my post.
Having Weitzel own 51% of Evermedia holdings brings no benefits.
To maintain SDVOSB designation the 51% owner has to be in charge of day to day operations. Weitzel is a Director of Evermedia Holdings. Directorship does not qualify as in charge of day to day operations. Therefore EVERMDIA HOLDINGS DOESN'T qualify for SDVOSB status.
However, Wetizel, as CEO, is in charge of the day to day operations of STS Evermedia, which is the organization that has the SDVOSB status. That is the only company that he needs to own 51% of.
Lets see, Weitzel owns 350 Class B plus 124 Class A out of 1.13 bil share which is 474 mil /1130 mil = 41.9% of Evermedia Holdings which owns 80% of STS Evermedia. That is 80% x 41.9% = 33.52% that Weitzel owns of STS Evermedia through his 350 class B plus Class A shares. He owns 20% of STS Evermedia shares directly. 33.52% + 20% = 53.51% of STS Evermedia.
That makes sense to me because I could never figure out why Sims would cede control of the parent company to Weitzel.
It looks to me like Sims didn't. He still controls the parent company and Weitzel owns 51% of STS evermedia and is CEO but doesn't have voting control of it.
If I have this wrong, please enlighten me.
Steady_T
Other than the fact that there is no evidence for the additional 102.81 mil shares being in his possession, I would agree.
stervc . Oh yeah.... I got that part.
It's not clear to me the Weitzel owns 51% of Evermedia Group. It is clear that owns a vary large stake in Evermedia group.
To maintain SDVOB designation the individual has to own 51% and control the management and daily operations of the publicly owned corporation.
That means that Evermedia group can not have the SDVOSB designation since Weitzel is a directior rather than the CEO.
If you follow this line of logic to it's conclusion then it seems that Weitzel must own 51% of STS Evermedia but does not necessarily need to own 51% of Evermedia Group.
So it seems that the 20% stake in STS Evermedia group Weitzel retained plus the 350 Mil class B and the 124 MIl Class A shares provided to Weitzel gives him 51% ownership of STS Evermedia.
Can't tell the players without a score card.
Before someone gets upset. I'm not trying to create FUD, just trying to get a handle on all the details.
As a practical matter this doesn't make any difference to our stocks potential or the positive effects of the SDVOB status for the company.
Steady_T
stervc thanks.
If my math is correct then Wietzel owns 51% of 1.130 Bil shares = 576.81 mil shares.
If they gave him the 350 mil + 124 mil then he must have already owned 102.81 mil shares to get up to the 51% mark of 576.81 mil shares.
I wasn't aware that he held a large position prior to the 80% acquisition.
Unless the 20% stake Weitzel retained accounts for the missing percentage required to get his ownership up to %51%.
This raised another question for me. Which is if this is correct then it is STS Evermedia corp, a wholly owned subsidiary of Evermadia group, that has the designation of SDVOB rather than Evermedia Group having that designation.
If that is correct it's not a big thing as it is STS Evermedia that is doing all of the contracting and work anyway.
If I have this wrong, would someone please correct me.
Tom Petty said it best "Waiting is the hardest part."
That is where we are with EVRM....... in the waiting part.
This is play on fundamentals. So we must wait until the fundamentals are established. That will be through 10Q's more than any other thing.
Yes contract signings will be great, but as we have seen with the contract types that have been announced, they are indeterminate amount contracts that have maximum limits but don't seem to have minimum amounts.
So until the orders for services come in under the contracts, it will be impossible to know how much revenues will be generated from them.
So we wait. And that's OK. Even if it is frustrating.
It is very helpful to remember a quote from Warren Buffet at times like this.
"The Stock Market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient" - Warren Buffett
So are you a patient or an impatient investor?
I disagree. That is exactly the type of PR that EVRM does not need.
Pr's that promise but do not deliver actual performance are the stuff of Pinks.
For EVRM to be taken seriously by new investors it must differentiate itself from the rest of the Pinks by PR's actual contracts in hand, not contracts that "are coming".
If this hits a quarter I'll wear a hat proudly.
Steady_T
Looking at what has transpired here concerning Skymark, it seems to me that they saw that EVRM was the #1 msg board and they used that buzz to try and generate interest in their service.
Entirely self serving methinks.
Alphatrade and Ameritrade are my two sources of LVL II
Ameritrade is free to me.
I pay for Alphatrade because I can pop up a time and sales any time during the day and get the whole day.
With Ameritrade you only get T&S when you are logged in. If you have to re login for some reason you lose all previous data and start over.
As far as LVL II itself, either one is fine.
Not much buying pressure this afternoon. Looks like all of those wanting to get discount price shares have gotten them.
Congrats to those who got cheapies.
Nice to see the price moveing in the upward direction again.
I appreciate you telling us about your selling and why.
I suspect that there are a number of folks that did just what you did, and now I understand more about today's action than I did before.
I have a better sense of the effect of the momo crowd on EVRM share price.
I have some shares that I bought with the specific intention of using them to flip. So far I haven't been able to convince myself that I'll do better trying to flip than I will holding.
I have been caught out flipping before and I have flipped my way into a much larger position a time or two also.
This one has the potential to run like a scalded dog and I would kick myself if I got caught out.
Sigh... It's that hard right edge of the graph thing again.
Top o' the morning to everyone.
Many here are invested because they see potential in the company.
We are all waiting for that potential to be made manifest via Quarterly reports and additional contract announcements.
Everyone is entitled to evaluate the potential using their own criteria or methods.
Each method will give a different amount of potential.
Time will be the real test. EVRM will either produce or it won't, and we won't know which it will be until time has passed.
Bcause of the SDVOB designation EVRM doesn't have to have the best product in the marketplace to succeed . They just have to have an acceptable product.
If they have a better than average product then things get even better.
My guess is that there were a lot of shareholders ( not to say the majority, but still a lot ) that looked at the activity on Friday and got scared by the volatility.
Remember that many shareholders don't read the boards all day, so they get a quick look at the boards or just look at the tape.
I suspect some of those folks decided that they have a have profit in hand, saw the volatility and decided that they didn't want to take a chance on losing that profit. We are after all, still a Pink
And then there is that 11 days in a row of Green.... That can't go on forever.
Therein lies the rub.......
The stock market is a future discounting system.
What you have already done is already in the stock price.
If you are attempting to make money with the already done strategy then you are buying companies that are paying dividends.
Nothing wrong with that approach. Historically it has been the most common approach and a very successful one.
The market shifted from the dividend approach to making money to making money through share price appreciation approach in recent history.
Alas, now it is all about figuring out what will happen in the future and positioning yourself through stock purchases to capture the share price run up.
In short, buy low, sell high, instead of buy, hold, and cash divy checks.
That is not to say the History is not a good predictor of the future. It is.
In our case there is corporate history of STS to look at and the history of the new corporate officers. There is little history of EVRM in it's present roll to look at.
There is enough history for me to choose to invest in this stock.
I guess that explains why you pay your taxes.
I think the MM's got down just as low as they wanted it.
The purpose of Friday's run down was to trigger all the stop loss orders on the books that they could get to. As soon as that was done, they let the buying pressure take the price up to where ever the market wanted to take it.
Doesn't have to be any more complicated than that.
MM's picked up a lot of cheap shares. What do you think they will do with them?
Steady_T
MrSparex you did it...... Congrats..... Got us closed at the HOD on a MASSIVE SHAKE.
The overhang is now cleared out, the MM's should have a full inventory of shares that they want to sell at a profit.
Next week is looking good.
Oh and then there is the 20.78 Mil volume for the day.
Wow Guys, this has been a heck of a week...... up from .043 on steadily increasing vol. New HOY at .058
Time to party a bit this weekend.
Looking like we might just close green for the day.....
If that is not a testament to how strong this stock is, I'll never see one.
And I still have a pot full of stock that I'm happy to own.
Next week is going to look pretty good methinks.
Now you know why they say to always keep some cash in your account for the unforeseen opportunities.
Easier said than done.
Steady_T
Now you know why they say to always keep some cash in your account for the unforeseen opportunities.
Easier said than done.
Steady_T
Thanks. Hope that was helpful.
Steady_T
I have been through this several times before in other stocks.
It helps to have a time horizon of weeks rather than days.
My intent was to enlighten some of the newer folks to trading.
You'll notice that the old hands were not upset, just observing.
Steady_T
I like the action today.
I have seen the MM's do this on several other stocks. Stocks that trade up on increasing volume create a lot of profit for people.
Many of those folks will set stop loss orders to protect their profits while they are away at work etc or just to lock in a profit.
As the stock continues to rise there are more and more of those stop loss orders out there, and many people don't seem to know that the MM's can see those orders on their LVL III screens.
When the order book has enough stop loss orders out there over a large range of prices to form a solid line of orders, the big MM's will take the price down to trigger the first stop loss. That creates a sell order that the MM uses to drop the ask, that triggers another stop loss and they drop the ask again.
Thusly a cascade of orders and dropping prices is created. In this case they waited until there were enough stop loss orders out there to create an avalanche of falling prices.
This allows the MM's to acquire a whole lot of shares for inventory with a high degree of confidence on the MM's part that he can sell them back to the market at a nice profit once the bottom is reached.
The term I have seen referring to this process is "clearing out the overhang".
All in all this is a very positive sign for EVRM. It is a preparation for the next major move up in price.
Much of the selling pressure has been removed by the forced selling created by triggering the stop loss orders. The folks that had higher stops got out at a profit. Those that set lower stops to protect their initial investment will get just that, their initial investment back and miss the profits.
And the evidence supporting all of this analysis is the very sharp rebound in the price after the MM's have triggered all the stop loss orders that they can and the selling stops.
This is a very good day for EVRM!!
And that's a very good thing.
Also very interesting that we have several of the tier two MM's starting to trade our stock.
UBSS
MAXM
AUTO
ETMM
DOMS
SALI
All have been at the bid or ask at sometime during the day.
Steady_T
When we get to .25 the difference on a profit per share basis will be miniscule.
The 16% larger number of shares that could be bought with the same money is not such a small difference.
Who ever was doing all that buying this morning is probably feeling a bit silly for not having been a little more patient in the buying process.
Interesting to see SALI active on the BID.
I just picked up 100K @ .0515.
Nice little addition to the stash.
Steady_T
I'm about to reach Mataflash's limit on good judgment.
Only if they actually produce some.
One heck of a run this morning. 6 mill shares in the first hour.
This is what it looks like when someone wants in a serious way.
Approx. $350,000 of buying.
Now, imagine what it will look like when the Big Boys start to buy in.
Steady_T
Agreed. Significant that we held .05.
Quite a bit of vol over .0535 today......
All in all a quite nice day.
We shall if that statement is true or not.
Unless the appeal or the class action produces a different outcome, the Plaintiffs may well have surrendered for all of us.
Very nice day..... up 7 1/2% at lunch time pause.
Every reason to think that EVRM will get over 10 mil in vol again today.
Contrary to what Mr. Greenspan talked about, this is rational exuberance.