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Can i get a number so i can call and confirm for myself?
I don’t think there is a holding period after conversion this private placement does not follow regular sec rules.
Sorry to inform you that these are micro penny stock and if u read the news release it clearly states
“These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States or to a U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from registration requirements.”
There is absolutely no holding period on these notes once they are converted. It will be dump city.
If i can be assured that there is a 6 month hold on the shares once converted. I would be willing to buy at the 50 day @1.3.
how long would it take to register and sell those shares?
Why wait for 8% per year when u can triple your money in an instant by selling the shares immediately.
Can you please show where u see there is a 6 month lock?
I love potn. That is my baby. It hits its pivot points like clockwork. Ive make over $25,000 on it already . Just went back in 33,000 shares @.48. Good luck
You do know once you throw in the towel is the exact point when you should be buying. Ive had this happen to me many times. You selling tells me its time to buy. And just a quick question. Where did u hear that news was supposed to come out.
Another thing I just noticed and wanted to add. The deal closed on Jan 30th. Look how much pressure the stock has seen since that exact date.
Im not saying evio is going to tank. I think in the long run this is the testing lab you want to be in. Just in the short run the shares are going to see pressure and probably see under $1.00. But it will for sure bounce back and I will buy an S. Load when that happens.
I understand if the shares are restricted they follow those guidelines. But how do you know their shares are restricted. According to the press release they are not.
Basically evio is putting this raise of capital squarely on the shoulder of the current shareholders. We are going to absorb the hit. Im not in the stock right now but it make me angry that they couldn’t care less.
Another thing that tells me that there is no waiting period is this.
“Each whole Warrant shall entitle the holder thereof to purchase one additional common share of the Offeror (each a "Warrant Share") at an exercise price of US $0.80 per Warrant Share for a period of 24 months after the closing of the Offering”.
They have only 24 month to exercise the warrants. Obviously there cannot be a 6 month holding period when you have only 2 years to convert.
Also the note mature in 36 months. I don’t think it makes sense to have a 6 month holding period. As an investor i would make sense. For a longer maturity yes.
This is what i read.
“The principal amount of the Debentures and any accrued interest thereon will be convertible at the option of the Investor into common shares of the Offeror (the "Conversion Shares") at any time at a conversion price (the "Conversion Price") of US$0.60 per Conversion Share.”
Im clearly reading that it states “at anytime at the conversion price”
Im personally waiting till it dips below $1.00. Im sure it will be brief, but it will happen.
At the current share price. These investors are in the money by
11.5 million shares * $1.59/share = $18.28 million
Minus their initial investment of approx $6m .
They are currently in the money by $12.28M.
I just read the press release again and there are no time restriction on the conversions of the notes.
If i were them. I would sell the shares immediacy and book the profits.
There is no way that anybody will be able to stop the selling. I believe that the shares will see a-lot of pressure until the next earnings statement. I would be surprised if the shares dip briefly below $1.00. It just makes sense.
They just diluted the share count by an additional 11.5 million. Thats almost double the current outstanding shares.
They currently have 14m
Adding 11.5m
The $1000 debentures are convertible into. 16,667 shares @ .60
Each note also carries 250 warrants @.80 a share.
These investors are way in the money on this deal. I wish i was part of it.
And I’m not sure if there are any time restrictions on the issuance. If thats the case they will covert all immediately and sell are shares immediately.
Alot dumping in this stock today. Its not just the market going down. Not sure how low it will go before it bounces.
Exactly, and that is also one of the reason why a lot of these pot penny stocks that make decent revenue are keeping their shares in the pennies instead of doing a reverse split. They know once their shares go above $2.50 they will heavily shorted and manipulated.
Nope just a dump
No answer
Anybody know if this co is still in business?