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management aka Gene "the silent" Newton. probably a good idea for him to shutup. everytime he talks it seems to be misleading and near-lies.
isnt it going bankrupt!? net loss of 2 billion dollars last year. $59 billion in debt with 420 million in cash. its gotta be close.
whats the buy here? isnt this company about to go bankrupt? i mean they had a net loss of 2 billion last year. they have to be close.
I agree with youI . This CEO has flat out lied. He has mislead many investors into buying this stock which is worth absolutely nothing. This is a shell or close enough to it imo. also don't believe they applied to the TSX or TSXV or OTCBB for that matter. This was probably just a ploy to lure in buyers to the dump job they issued to shareholders. I also don't believe they have the accounting or management (might as well throw in ethics) to do so anyway if they did.
do they also stop at bio willie's ?
well i hope. i plan on selling my 5 mil i snagged at 0001 for 100%
alright. just wondering. its more than obvious there is dilution here. but just wanted to know how u got your numbers.
its likely that there is SOME nss but very unlikely that it has any effect on a stock with billions of shares afloat.
stop with the bs... they are dumping shares. there is no naked short selling. + failure to deliver chart shows ZERO.
where do u get your dumpage numbers?
"the celler box" is AKA the place a stock goes when it has no value anymore.
yeah, i dont see what manipulation anyone could be talking about... all i see is the old pump and dump scheme... taking advantage of shareholders through hyping up a company with little or no real business operations. Its pretty cruel...
haha. well never mind then. looks like more dilution could be coming. Where is their financing coming from? anyone know?
i've been watching this. haven't checked the o/s, a/s but thats good to hear. this has some potential.
http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-earth_07bus.ART.State.Edition1.35ece33.html
good insight for some who need DD
lol no no. i have a buy order for 1. this company is terrible but as long as suckers are buying, might as well take advantage. in at 1 out at 2
you have should good points.
IMO ahead:
the company abruptly ended their fuel production which was their sole provider of income.
that was not long ago. I think management thought they could turn profitable and then creditors started rolling in and also 1 of their plants burnt to the ground. they realized they were in a dyer situation and acted entirely too late. by going dormant whith 11 or 13 subsidiaries to dramatically cut costs, selling shares, and liquidating EBOF's unprofitable assets.
also
in the last year the company has completely changed its business plan.
the failed management is now in a situation where they must pay off debt then search for more cash to establish growth their new truck stop business plan.
could fall to 1 by the eod or tomorrow. are u jumpin in then?
why disclose that last quarter 032789 when you have all these buyers who were certain that there was no dumping lol.
That is true. But this company still has a very far way to go. still debt is coming in and shareholders will pay the price until it ends. then they need to figure out how to pay for growth (which i believe is post r/s)
i believe its only to pay of creditors cuz they have no sales right now. then maybe yes.
haha yeah. quadrupled o/s
this is a pinksheet stock. i've seen pinks state there will be no r/s in fiancial statements and still do it next quarter. imo it will happen of the company will be bk. I dont believe it will be anytime soon though. nothing to worry r/s anytime soon.
just dont worry til they cant sell anymore shares.
well... im looking at the income statement and i see ' - ' beside sales, i see ' - ' beside cost of sales, and i see a ' - ' beside gross profit.
they may have had a net income but that is much different than sales revenue, cost of sales, and gross profit. also, they have no cost of sales which means they made no attempt to get sales... that should say something btw.
they have no significant operation imo. just moving some stock around to show a net income. hmmmmm maybe thats why they actually released this catastrophic financial statement...
haha thanks. deserve a sticky imo lol :)
they have no revenues, no sales, and giant debt left from the ebof failure... period.
if im right they have to sell at the bid. this stock is seeing ridiculous buying and that might be the only reason it is high as it is. that might be what they are thinking. just a guess.
I think when the stock gets to that point in time no one will care if their is a r/s. this company is going to be selling stock forever.
Everything points to failure in this company.
...No sales revenue
...They sold 22mil in land, equip, and/or plants
...Sold 13 million $ in stock
...they have 13 or so subsidaries. all but 1 or 2 are dormant.
...have very high debt
They have not sales revenue, liquidating assets, selling stock...
This is not a company on the up and up. rather down and down.
Beware on buying...
yup. i agree. there are ppl here who still dont believe there is dumping from the company. even when the financial statements show that 1 year ago there was 279 million in float and at march 31 there was 1.027 BILLION yes... with a B.
The A/s structure is ridiculous and that is for one reason. to dump shares then r/s. the company is far from profitable - that is why dumping is necessary and the r/s is coming after this dumpage.
issued and outstanding shares, according to Denai Salinas from Pacific Stock Transfer Co., is currently 31,510,540.
lol. what are you talking about...
hmm. what is your opinion on the intention here? they were talking about a otcqx listing... maybe trying to meet requirements or is there more dilution ahead?
well, the last o/s count only showed 31 mil. I emailed the transfer agent. maybe ill find out the new count.
It is a fact that there is dilution. the June 16th share count showed 770 million shares in O/S, and Thursday traded 1.57 BILLION shares.
Now... the only way that 1.5 billion shares could be traded is if EVERY single share of EVFL stock was traded. TWICE!! That would result in a situation where 770million O/S would make sense. We all know this didnt happen.
Now obviously people sold shares after the dividend. I did and i made a profit, but the thing is that you can't trade more shares in 1 day than the O/S shows unless the company diluted.
I think they are. The company had a factory burn down. They are planning on building all this stuff. Upgrading a current factory. all this on a net loss in profit!? I don't think so.
Evolution Fuels has opened the cash register on subpenny investors and its not gonna stop til the company is profitable.
Caveat Emptor (toxic security) according to its own exchange!!!!
Of course. this last part is my opinion. The rest should have been obvious.
I've noticed something strange on evfl... On June 16, 2009 the company's outstanding share count was at 770 million, but in the middle of May there was a day with of nearly entire o/s count traded. On the day the count was made the stock trade 500 million... It just seems like that share count is off, and thursday they traded 1.57 billion so in 1 month they had to have diluted their stock by at least double. Anyone have any comments on the dilution of evfl shares and the validity of the june 16 share count? also, where is these financials that were supposed to be released?
this company is very undervalued with a P/E of 1.33. The company is showing strong profits and strong investments in its own company. they increase property plant and equipment from $2.5 million to 8.7 million from '07 to '08 which is huge. I think this increase has reflected itself on the income statement too much yet but it will little by little, especially in profitability
yeah. they are incredibly unprofitable. however it will show that 60 some million agreement with PNG ventures...
thank you. but this is could still be a good play. bioenergy is pretty popular in trading on the otc boards these days... GLTU
This isnt undervalued at all. the company has been losing money since its inception; while raking in a wopping 9 thousand in revenues in that time. that is a nice story stickied... but this company hasn't proved it can do anything but bleed money. They have no money and I dont know how companies with no money can get a 757 million contract.
I wouldn't take any chances. This stock was advertised by, welllll, every known stock promoter. that is never a good sign. GL though. Could be good as gold... who knows!
oh icic. thanks.