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Slap that ask, bishes!
I tossed in a lil more...looking forward to big things here soon!
I bailed. Needed the money for a much more legit play.
I agree...I hope I'm wrong since I did maintain a very small position here, but I'm not holding my breath any longer.
Agreed...though to give them SOME credit, there are a few more days left of trading before the holiday season is officially over.
Should we start a betting pool as to whether they fulfill any of their promises or not? Maybe someone can win some of their money back. LOL
I tossed like $25 in a while ago just in case this Tommy Chong thing causes it to rocket way in the future...but I'm pretty sure you can't get involved in much more of a scam company. Best of luck to you...I hope you didn't have too much in this...
What update?
...put my OCD on hold and slapped the ask. You're welcome everyone. haha
There is very strong bid support at .0009...I've had a bid in at .0009 all morning for a whopping 125,000 shares and still haven't gotten it.
I know as soon as I cave and pay more, it'll drop...and I'm OCD with my share counts. Bah.
I agree 100%
I'm in...trying to setup a decent position now before it takes off (if that's what's about to happen). Reading more and more on it, it definitely looks like the potential is there for it to really rocket.
Haven't delivered yet...
They aren't past their announced dates just yet, but those dates are very quickly nearing.
With exception to the retirement of the convertible debt, but that was stated as "in as early as 60 days", meaning technically it could be longer.
Either way, it's not looking very promising, but who knows...we could all get the shock of a lifetime too and they end up producing an awesome product at the last moment.
Of course, then our concerns go from "they have no product" to "they don't advertise their product enough"...LOL
Sadly, I agree...it's not looking that way.
From their 10/1 PR:
I still say the *potential* for this company is there...
I let 80% of my initial investment go today because my confidence in the management is low, but I decided to keep a very small position, just in case these guys end up actually producing a product. If they actually do, I think it could end up being a pretty big money maker.
I just think it's no longer low risk/high reward but rather high risk/high reward. I like to gamble but I don't like treating my stock picks like slot machines.
Slap that ask dammit! I got a new ticker to play with and need money! Lol
Very good point...modified my existing order. I will retain a very small position here as a "just in case"...LOL
Setup a sell order for my shares...I'll take advantage of the tax write-off I guess.
Between the recent red flags and lack of communication from the company as of lately, I've just lost all faith.
To those who still think it's going to turn around, I wish you all the best of luck and I'm sure I'll be kicking myself tremendously if it skyrockets one day.
Some new information...not looking good...
Got this idea from a member on the BRWC board who works in the insurance industry.
One way to determine if a company may not be legit is to determine whether they carry Worker's Compensation coverage. If not, it's a sign of either a company in dire straights or a company with no legitimate employees (or something along those lines). You can also determine how decent of a company they are by their insurer, if they have one.
Here are my findings...
https://www.caworkcompcoverage.com/
Under California law, ALL employers must carry Worker's Compensation coverage, even if they only have one employee.
I did two searches with EVTI--January 1, 2015 and today...I could keep going, but this gave me enough info for what I was looking for.
Search #1:
On January 1, 2015 EVTI carried Worker's Compensation coverage. Their insurer was the Hartford which according to the guy I have spoken with is an A+ rated company and they do not serve shady companies/shell organizations or those with poor credit histories. That doesn't mean EVTI isn't a scam, but they at least had decent enough credit to use them for insurance coverage.
Search #2:
No results found--if they are currently uninsured, they are in violation of California law. This is also an indicator of a company in financial distress as the insurance guy explained companies in financial trouble typically drop Worker's Compensation and Disability coverage first when money becomes a problem.
Take that info as you wish.
I have talked with many people here via PM and public messages and I don't mean to offend any of those folks, but in my opinion, EVTI is looking more and more like a sinking ship and a bottomless pit. I think the product solution has tons of potential, but if that "former employee" is legit, then they are no closer to a product solution than any of us could be if we visited Codecademy.com and took a few of their coding courses.
Edit: Just as an FYI for thoroughness, Eventure Interactive showed as insured through 11/8/2015. No results found from 11/9/2015 on.
I trade based on management practices and future potential mainly...past performance only to a degree, but I actually prefer a rocky past. That's how you can make big money if the company survives.
With that being said, if there are no ground shaking positive updates by Christmas, I'm probably bailing on this one. I could use the tax write off.
The lack of communication from management as the share value plummets quickly toward .0001 is disturbing.
I'm not sure, was trying to figure that out myself...unless they see it possibly bouncing some and want to make sure theyre in at .0001?
Former EVTI employee may be a fraud...
I did some Googling...the username jreynoldsweb hasn't been used anywhere until just the past few days, though there are two domains that are related.
jreynoldsweb.com & jreynoldsmktg.com
When you search for jreynoldsweb, this appears in the results and is the registrant of those domains...
http://domainbigdata.com/email/terssatol80@yahoo.com
kind of interesting that they tie back to a financial organization when something like this could be used by shady financial organizations to manipulate the stock.
Also related...
http://www.facebook.com/ters.satol
I'd be requesting positive proof of employmemt from this guy...blacked out pay stubs or something. Just seems really really fishy.
If this is truly a former employee being honest, the shareholders got swindled.
I wouldn't call it "just releasing a PR" in this case...
One of their most recent PR's stated they would begin retiring their convertible debt in as soon as 60 days, over 60 days ago.
They also stated they would begin product releases around the holidays, and while that date has not yet passed, it's quickly approaching.
Most shareholders here are getting aggravated that the PPS is plummeting and just want an update regarding the above-mentioned items. For the sake of maintaining the PPS, it would be in their best interest to simply issue an update addressing either of those items. Without updates, the price is going to continue to fall.
I hope it recovers as I own a nice chunk of shares, but my confidence is beginning to drop as each day passes with no new updates on what they announced would be occurring around this time.
I wonder if we'll be seeing any updates from Francine this week...
I am really disgusted by the lack of communication from both my plays' CEOs right now. Just glad I got decent positions in both since I'm down nearly 80% overall. I'd be irate if I had thousands invested...
Think we'll see a pre-market PR this week or they gonna let the PPS continue to slip away?
This lack of communication with us shareholders is really terrible.
Monday comes.........no pre-market news.
I agree 100%
Beta testing is important and as I personally found while testing the gift card wallet, is it had minor bugs and they were all quickly addressed.
I do think they need to get the app launched here pretty quickly though...I'd rather see an app with a few unexpected bugs than a PPS that's going to be extremely difficult to ever recover from.
Yep, I tossed $23 into FFFC at $.0001... 165,000 shares just for shits and giggles in case something comes out of this Tommy Chong thing. It's now at No Bid.
Most of the shareholders on that board have realized they're SOL.
I don't think it's going to have a detrimental effect on EVTI only being a partnership...if it were a merger or acquisition, good possibility. I just don't see this partnership increasing shareholder confidence since the likelihood of any revenue generation is slim, though technically still possible.
I agree...I got in so low I haven't lost a fortune but I'd much rather be in the green!
True, depending on circumstances/news I may rollover some to end up with house shares.
Definitely not worth selling now...and while I'm hoping for awesome long-term returns, I just can't see .10 by January.
Easy way to avoid civil suits for defamation of character probably...Facebook won't hand over their records without a subpoena and I bet they won't receive one over civil matters.
That's a total guess though...I'm definitely not an attorney, unless my "degree" from the University of Google counts for something...ha
I hear you... just hope these guys know what they're doing since it's at a price that's really tough to recover from. I'm in for the long-haul though. The only way I won't break even eventually is if this company tanks. As long as they get their main products released as they claim, it's got awesome potential.
Rush, Rod Stewart, Prince, and Marilyn Manson...
Odd combination :)
$BRWC
Too late to edit the previous message...I misunderstood you, Spuds. Thought you meant paid promo. You're just talking typical Monday. LOL
My thoughts if there actually is a paid promo campaign...
A smart marketer would arrange a very heavy paid promo and strategically set up a product release to hit during the promotion or while it still has upward momentum.
If Harvey is the marketing genius I was always thinking he was, this stock could end up going "TO DA MOON!" after all.
...but a little communication prior still would have been great.
Never thought I would agree with you on something...but I agree 100%.
I don't have my life savings invested in this company, but I do have enough invested that I could have taken an extra weekend vacation (now I could take my girlfriend out to a really fancy dinner and maybe a one night stay in a nice hotel) and unlike some folks here, I can't afford to just go toss the same amount into another company to make my money back once this is all dried up.
Some of us still work 40+ hour week blue collar jobs and unfortunately investment money doesn't just grow on trees.
Hahaha!
"Francine,
Merry Christmas! I hope you enjoy your ham.
Sincerely,
Your Shareholders
P.S.
Please release unaudited financials."
Something else I'm reading on par values states that splits affect par value...
A 2 for 1 split will reduce the par value by half whereas a reverse split would increase the par value.
In reading that, if they DO need to get that par value down to touch the equity line, a reverse split is the absolute last thing they would want to do.
I need to find somewhere to take a class on this stock market stuff...lol
I tried reading up on par values the other night and they confuse me...from what I gathered, par value is simply a nominal share value for determining working capital and shares CAN be sold below par, but there was some additional info with that and it was totally Greek to me.
Were they unable to touch that money until December 1st or just until they got the S-1 filed?
Guess I need to go re-read the agreement again...