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In their latest filing, the company released information that stated that the A/S has been increased to 5 billion. When the O/S is maxed out- what else would you expect? The other option would have been to complete a reverse split right now, which is not what they did.
Below you will find information from their recent filing, which I will add discussion to.
12. Subsequent Events
(a) On February 24, 2015, the Company entered into eight debt modification agreements. The details of the
modifications are described in Notes 2 and 3.
Here is an example of one of the debt modifications:
On February 24, 2015, the Company entered into a debt modification agreement to reduce the conversion
price of the notes to $0.0025 and extend the maturity date of the note to the later of two years from the date
of the agreement or the date that the Company completes an amendment of its articles of incorporation to
affect a reverse split of its common stock or increases the Company’s authorized number of shares of
common stock.
Here is another item that shows that they increased their A/S based on a shareholder vote:
(b) On March 20, 2015 the Company received majority shareholder approval from 54.8% of its shareholders to
increase the number of shares of common stock the Company is authorized to issue to 5,000,000,000.
Thus, if we look at the debt modifications.... the options related to the debt were either to reverse split or increase the A/S. Shareholders chose to increase the A/S. Now, look at the value of the convertibles- .0025. Hmm... makes you wonder if the company is expecting a much larger rise in the pps.
Before we claim that the sky is falling and that a reverse split is eminent- let's wait to pass judgment.
Yes- been noticing that PUMA has been swallowing shares like a whale on Level / at .0005. The bid should have dropped to .0004 except he is there holding it up and accumulating all of the shares that he can.
Tough to find hope when massive dumping happening at .0001. Not much of a leg to stand on.no stranger to the otc world. Been around a long time and contrary to others, this has trouble written all over it.
Yes- as indicated in latest financial report- no surprise here. Take a look at how they restructured their debt. Looks good for the future here.
Then who dumped? Something seems a little off here.
There are some big things coming from this company. Company is pretty silent right now because of quiet period related to paperwork being filed, but they have dangled a few carrots on Twitter. As low as the o/s is right now, this will fly quickly with buying pressure and news. I think that we all wish that things were happening now, but I will continue to load and add any dips that people don't want to be patient enough to hang on to.
Sell off on news is almost laughable here. This company is making money and the pps will rise and grow over time. Looking for a build back up and over .001.
Only 521,000 shares at .0007 to clear before .0008s. Thin thin thin
Would be nice. I could use a change of luck in my world lately
It would be nice if this opened at the .0009 ask that it is showing right now.
Something big brewing here. Company hinting at it on Twitter. Thin share structure and quietly adding as this is being held down before the run.
Bid building
I have been quietly loading. Ready for a big run here.
That is a good looking bar chart.,we haven't even gotten started yet.
I need more shares so hopefully I can add more before the pps jumps much higher. Excited for a big run here. Now Looking for .002+ for starters!
Smartest post that I have read in a while on here. Take it to the source.
Only a matter of time here!
A very smart accumulation game has been playing out over the past few days. Groups are quietly loading before the run.
Let's post our short term estimates for this stock.
Within the next month, I see this stock over .002.
What are your estimates?
I need more shares!
He's a shmuck. He won't respond because he doesn't have the guts to respond to us.
Where are you Jimmy? You opened Pandora's box with your bs post and now you hide? Show your face- you coward!
Definitely. I don't think that most people know what is brewing here. Big things and a huge run!
Just the start. Look out for .001 break?
Won't take much to send this past .0012.
Let me clarify- news not coming this morning, but tweet of news eventually coming was posted this morning.
Hey Flex. Did you see the Twitter announcement of news coming this morning? It looks like the pullback this morning is over and this stock will be heating up again soon. Amazon deal?
Been around the otc too long to believe that this stock won't rebound from these levels. The pps went up without news, dilution, or a paid pump. Momo shapes stock price and profit taking held this run back. Lots of shares loaded at higher levels over the past few days and smart buyers bid on the fear dump this morning. Good potential for a rebound from here.
Welcome aboard
Even the groundhog is less of a shmuck than Jim Albion. The homeless shelter where Jim lives must have gotten wi-fi. Not sure how he sent that message on this board otherwise.
Company updating and going current, new updates and endeavors coming. It's not always where you have been- it's also about where you are going in the otc world.
A sucker is born every day.
Oh yeah.. Facebook likes really drive a stock price...and they paid Russian immigrants to like their Facebook page. That will do it- best pump campaign ever. Are you really wasting your time suggesting this?
We get it. Every angle to bash is a good one, right... But this one is pretty weak... Even if it were true.
Hey Jimmy. Is that really you? So, you still have shares here? Thanks for selling out your company to a bunch of thieves. Glad that you were able to save yourself and good job building up such a prospering company. Job well done.
It's go time!! Gotta bust that wall down at .0006!
More info please!
EVDR Twitter post out says that they are not diluting!
Pressure at .0009 building on the bid.
News still coming too! Up up we will go.
Before you claim that the sky is falling, why don't you at least wait until they PR some news? You are very quick to jump the gun today after what turned out to be a pretty good trading day. we've all seen dilution before and the bigger bids at 11 and 12 were chipped at a little by retail sellers but were never wiped out completely like what normal diluters would do. Patience... Let's see what the rest of this week brings.