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This has been a multi-day runner in the past.. we filled the gap, nice consolidation here
What are we looking for today on the upside???
Hey Mr. Carter, tell me where you been
look at the chart.. this thing got hit down from .50 to .05 on no news.. just debt retiring in the market. Many have been waiting for a big retrace
Ya I'm holding a lot haha. Been averaging down for months.
Ya.. I hear you. I just think with these convertible notes being extinguished, the balance sheet on EVIO is starting to look more digestable for traditional financing sources. That's why we sometimes see these crazy moves on the OTC.. all the convertible debt is extinguished by the market, and now the balance sheet is clean, and the company looks completely different.
I appreciate your Devil's advocate on the matter. I think both arguments hold weight.
I know it seems pie in the sky because of where the stock has gone.. but when you look at private company valuations of similar size, they're getting massive valuations, I would guess $100MM+ valuations, with half of the groundwork that EVIO has laid out. I don't like hyperbole type of things, but the facts are out there. Look at comps of recently funded private companies in the space and you'll see what I'm talking about:
https://mjbizdaily.com/california-cannabis-testing-lab-raises-22-6-million-for-expansion/
Employees:
Cannalysis - 40 (via linkedin)
EVIO - 57 (via yahoo finance)
Labs / Locations:
Cannalysis - 1 Lab
EVIO - 8 Labs, and 3 Licensing Agreements
States Covered:
Cannalysis - 1
EVIO - 5 in the U.S. plus 1 in Canada
ISO Accreditations
Cannalysis - 1
EVIO - 6
Revenue
Cannalysis - Unknown, but safe to say far less than EVIO
EVIO - ~$5,000,000 annually as of Q1 2019, likely closer to $8,000,000 to $10,000,000 annual run-rate as of today.
Market cap here is still paltry.. I think there's a lot more room
$4MM in TTM revenue set to potentially double or more with Mass.. that's not even figuring in organic growth which has been very strong. Thinking maybe $10 - $15MM in 2020... why can't this be a $40 - $60 MM market cap?
seein greeeeeeen
Agreed.. the powers at be are giving us an opportunity to own a company doing $4MM at revenue, growing like crazy, in the hottest sector in the U.S., at a $1-$2MM market cap. This is how I want to start my year baby!
Now is the time. Watch this go back to $.50 now that noteholders are done.
This ALPP seems similar to DTGI. Anyone have thoughts? It's like a similar roll-up kind of company with similar financials.
EWLL CONTINUATION ON BREAKOUT FOLLOWING STOCK DIVIDEND
EWLL CONTINUATION ON BREAKOUT FOLLOWING STOCK DIVIDEND
Will is not an irrational person. Most people are not irrational, the ones who are cannot get to where Will has gotten. Will is incentivized to clean EVIO's balance sheet.
Retiring debt is a WIN. Getting Mass off the ground is a WIN. Recovering money from an investment is a WIN.
Often times eggrigous terms are thrown into these contracts as a protection against adverse events, but more often than not are never enforced. The situation has to work for both parties.
There's only one way to read into this... Will needed a cash infusion to get Mass off the ground. There are only 2 ways to get that cash given his current situation:
(1) Issue more toxic debt; or,
(2) Bring in a partner
He chose the route that is not dilutive to shareholders. I'm getting tired of giving out finance lessons to all of you fools, dont be involved in markets if you can't understand basic concepts.
Can we rise? First ever revenues reported for Q4 -- $1.5MM valued revenue producing tele-health company. First mover in physical therapy telemedicine. CAN WE RISE?
Today, we RISE.
Big boys CGC and TLRY both going up on volume today. This has to be bullish for EVIO as well...
More news in the space today:
https://www.marijuanamoment.net/watch-live-congress-holds-historic-vote-on-bill-to-federally-legalize-marijuana/
The Massachusetts deal started quite some time ago. I just want to be involved in the stock when that announcement happens. Like who knows when that is going to happen, but I will own stock when it does.
My take on this situation is that retail investors who have been frustrated with the stop sign for so long are just happy to get their money out. It's quite possible that many retail investors have been locked up for the past 8 months or however long the company has had the stop sign, and they just want to take out their cash. It's a pretty fair thing to want to do for being locked up for so long.
For EVIO to begin moving north, they need a lot of new shareholders. I think Will understands that which is why he's starting the PR machine again.
Once new shareholders take out existing share holders, a new base can be formed. I'm not sure if that will happen or not, but I think that is the current story of the stock. High volume days like we're seeing today, and we saw last week means this is happening pretty quickly in my eyes.
Isn't vitamin E acetate like what everyone is talking about in the news right now for vape deaths?
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20191120:nBw4D018ca
I have no information that wasn't obtained by SEC.GOV. I just know how to read filings...
because they bought equipment for mass that isn't open yet.
I already posted this...
""On May 20, 2019 (“effective date”), EVIO, Inc. (the “Company’) amended the Intellectual Property License Agreement with Kaycha Holdings, LLC (“Kaycha”) to extend the agreement from five years to ten years from the effective date and expand the agreements territories to include Florida, Colorado, New York and Arizona. The amended Intellectual Property Agreement includes a minimum monthly license fee of $7,500 per month per active territory or 3% of gross revenues whichever is greater. Kaycha is required to commence operations in New York within 18 months of the effective date and Arizona by August 1, 2022, otherwise those territories will be excluded from the agreement."
wait for it..
I’m not listening to something waldrop said. I’m reading a signed contract between kaycha and evio in an exhibit that was filed with the SEC
If you think that then you don’t know how to read lol not to sound like a dick but literally read the snippet of the agreement in my last post. That’s from an 8-k that evio filed. It’s not like speculation. It’s minimum $7500 per month per licnesee location or 3% of all licensee sales, whichever is greater.
I believe that the $7,500 you are referring to is the monthly minimum that Kaycha pays to EVIO. I.E. the greater of 3 percent of licensee sales or $7,500 / month. Also, that is minimum payment of $7,500 per month per active territory. It's likely that 3% of sales would eclipse that number, but I'm not sure how many territories Kaycha holds or how much revenue they do as they are private.
See below:
"On May 20, 2019 (“effective date”), EVIO, Inc. (the “Company’) amended the Intellectual Property License Agreement with Kaycha Holdings, LLC (“Kaycha”) to extend the agreement from five years to ten years from the effective date and expand the agreements territories to include Florida, Colorado, New York and Arizona. The amended Intellectual Property Agreement includes a minimum monthly license fee of $7,500 per month per active territory or 3% of gross revenues whichever is greater. Kaycha is required to commence operations in New York within 18 months of the effective date and Arizona by August 1, 2022, otherwise those territories will be excluded from the agreement."
Source: https://www.sec.gov/Archives/edgar/data/715788/000147793219003196/evio_8k.htm
It's also worth noting that Kaycha agreed to extend its agreement with EVIO from 5 years to 10 years. So I'm not sure what all this talk is about of the relationship being sour. They are literally expanding their business together as of May of this year.
A lot of people talk a lot of trash on WW on this board, but I think this deal is a pretty good one for EVIO. It also positions EVIO very nicely in that one of their major competitors is depending on EVIO's IP to continue doing business.
Let's review the events over the past 3 days:
Thursday - 420K shares trade hands.. about 4 times the daily average volume of the stock, and it closes slightly green
Friday - EVIO posts a 10-Q showing 84% revenue growth from the same period a year ago, with a shrinking operating loss
Saturday - Stop sign is removed from OTC Markets
Current market cap is a shade under $10 Million. With $1.1 Million in revenue this quarter, that puts EVIO at a $4.4 Million annual run-rate. The company grew sales 84% compared to the same quarter a year ago while narrowing its' operating loss, and is only trading at 2.2x sales...
#NotableCalls
Bets are being placed ahead of the company getting current. If we can close green with all of this volume, me thinks bullish
There actually isn't a lot of work to do for the company to do on the filings. They are only 1 Q behind right now.
Being current is a game-changer for this company. It will enable many more buyers to come in. Have to remember, a huge amount of investors aren't able to buy stock because the company isn't current.
day is just getting started JBZA. EVIO is just getting going, I'm assuming that management has kept quiet while they are still not current.
Once they are current, it would make more sense for them to provide updates then than now.
Company is pre-revenue in a very hot space.. telemedicine.
They have tons of major contracts signed, but none have begun delivering revenue yet. Every quarter management says, "this is the quarter that revenue will begin", and every quarter, no revenue.
Q3 is slated to come out in about 2 weeks. If there is even $1,000 of revenue, this thing will probably skyrocket.
Buyers are out here. The market speaks all truths.
Sounds like you don't care about an explanation, and you just want to complain. Whine baby whine!
So.. EVIO has filed 2 Qs in the last 3 weeks and they're only 1 Q behind right now. Objectively, it seems like this company is going to be current pretty soon.
ArbitrageAlex actually loves EVIO
Guy claims he has a cost basis of $1.50 and non-stop bashes this stock. Meanwhile, he was super-bullish on 04/16/2019 when the stock was trading at 43 cents.
Do your diligence.
#NotableCalls