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Since 2009, I (and many others as well) have been burned very badly by this piece of crap. Went through several reverse splits that reduced my holdings to a pathetic few units. Now I am finally OUT! Managed to sell whatever holdings I have at a -99.99999% loss.
You have been warned - Notice the choice of word - "INTENT".
INTENT does not translate to COMMITMENT. Remember 3 years ago, how this POS used to fool us with their many letters of "intent" but with nothing materialized in the end. Yet another round of scam begins.
Why are we negative on this? Ask the thieves running EVFN. Two years ago, we believed in them, and look how we got burnt by their scam. Do not give a single cent into this. Don't trust whatever promising news they release. The only news that ever came true were the reverse splits.
Updates? More like lies.
Read up the history. You will realize this was one elaborate scam that had ruthlessly burnt many people of their hard-earned money. The crooks did a lot of publicity, promising press releases - but NONE of which materialized. I would not trust any updates from them no matter how convincing they are. They are all con artists.
What is even more horrible: There is still volume in this piece of garbage. Who are the foolish people still buying into this!
Good for you to keep positive thoughts. But to face reality, you have lost it even if you do not sell.
Evolution Fuels was one devious and elaborate scam. It was not just "promising" PRs you read, but there were even photos of physical signboards, station. We now know all of these were never meant to be completed. Dennis went into great lengths to erect signboards, rent a station to put a marquee, set up a Facebook account and make this thing look real so as to deceive as many people as he could. I wonder how he is even able to sleep at night knowing the deeds he has done.
Our money is lost for good. We will never get anything back from this scam.
The only thing we can pray and hope for, is karma comes around and punishes Dennis. Not that it helps us to recoup our money, but at least, on an emotional level, we are appeased to see the lying sc**bag get his just deserts.
Buyout? But what is there to buy in the first place?
There is even no more financial reporting for us to know.
Dennis did make the scam look believable with the photos of the upcoming station, promising PRs and even a Facebook account. This was one elaborate scam.
Notice the news used the word "calculated". Seems like the date was generated by some kind of automated process, and not announced by the company. Even if there was any report released, there is NOTHING to look forward to. The company website doesn't even exist anymore. The scam has served its purpose (to line Dennis's pockets with money from naive shareholders), its life has expired.
Please! That website url doesnt look authentic at all! Real companies will always have a website that begins with "wwww."
I have no choice but to hold my shares. I doubt I can even sell them if I wanted to.
For your info, the company website does not even exist anymore. http://www.evolution-fuels.com/
Only the facebook account remains, with the last update posted in Apr 2010.
This was one elaborate scam.
It would not go 100X because DM would be diluting shares. This is his Modus operandi. Proven time and time again.
I certainly do not think losing money to a scam is boring. It is in fact, a painful reality, that I hope nobody else has to go through.
I do not see any single chance EVFN will rise. The stock was created by DM for dilution and filling his pockets with naive, clueless investors' money.
This pumping will never work for a hopeless stock like EVFN. The company needs to do real business of setting up a station before anything can happen.
Even if we did receive the dividend, WHAT VALUE are they of to us?!
What I want is to see the company doing REAL business, and I don't mean the business of selling shares and reverse split.
If you tried selling, you can't do it. So effectively, you have already lost. If you are still not convinced, wait for the next R/S to "lock in" your loss.
I really hope you are right, then I am able to recover back my money. But realistically speaking, I have zero hope.
If this company was run by decent management, it would not have released so many "false" and "promising" PRs that never materialized. What was the real reason for the management to release these PRs if they never bothered to make them happen? I can't think of a better reason other than to pump and dump the stock.
Have you wondered why the company bothered to publish PRs which they were never committed to materialize, on so many occasions?
Let me share with you with what I think: The PRs were used to pump the stock while the company dilutes happily away. This is a pump and dump stock scam. Read this link -
http://en.wikipedia.org/wiki/Pump_and_dump
Why would i want to sell? I have lost so much, selling would incur commission fee which would add to the loss. And I believe I can't even sell if I want to, when the company is forever diluting!
Look at the history of PRs that has been published - how many of it were materialized? Check again the history of how this stock is always diluted back to 0.0001 after numerous reverse splits. This is a scam. Period.
Please. Nobody should throw a single cent into this scam.
My heart feels pain everytime I think about the money I lost because I foolishly trusted the thieves in this company.
That is irrefutable evidence that all the promises in PRs have been lies! This company is a scam and the management are all thieves who deceived shareholders of their hard-earned money!
How can you even trust this company anymore?
The "current information" status doesn't serve a single purpose except to mislead new naive investors to think this scam company is a legitimate business.
With R/S, this stock is A/S "Unlimited".
Absolutely horrifying.
If only there was no dilution, and the company executed the "intentions" in its PRs, this stock would have done way better than the sick state it is in now.
On what basis will the stock rise higher? There has been nothing achieved by the company. The idea that the stock will rise higher and not reverse split has been played for SO MANY TIMES. But everytime, there is just dilution, stock dwindles down to 0.0001 and reverse splits, then the same cycle repeats. I have more hope in a lottery ticket than this piece of worthless crap.
Just admit it, we have all been scammed.
After 2 years, my money has been totally wiped out in this worthless crap through its reverse split and incorrigible dilution to 0.0001. I have lost all faith in this stock. Nothing concrete has been done, except for all those fake lies in the press releases.
Never. This is a total SCAM, why haven't you accepted this fact yet? They took over 2 years promising this and that, and nothing, absolutely nothing concrete has materialized!
There is nothing - Absolutely nothing done. Haven't you seen enough of DM's bag of tricks? Pump, dilute, reverse-split and repeat.
Does it even matter? The PRs on dividends were merely baits to trick unknowing people to throw their money away in this POS. Even if the dividends are given out, they are worthless as you can't do anything with it.
Stop pumping this company. This company has done ABSOLUTELY nothing, except lie and mislead investors to foolishly give them their money. Just like how the company has gave us ZERO results, this company should also get ZERO money from us. Don't buy this POS anymore until they REALLY deliver REAL results.
Do you really know what the PR says? It says "initiate" - which is really just another way of saying "planning", "intention". There is still nothing DONE, COMPLETED. Going by the history of this company, where there had been so many PRs proclaiming plans and intentions and "initiations" (such as the notorious one on reducing A/S) and nothing was eventually followed through, I am very certain this is going to be yet another empty PR. That's how crafty and misleading DM scripts his PRs. Face the facts and save you and others a heartbreaking loss of your hard-earned money on this garbage.
Yes, please return in 2012. But I think even at that point, EVFN is still at 0.0001. You need not "pump" this worthless garbage further. Many have already been burned by it to know the stock is hopeless.
DM has brought nothing positive as well - except for positive deceit & disappointment- over and over again.
This is only what YOU THINK. If only your "thinking" has powers to make things happen, this EVFN is nothing more than a scam to fill pockets of DM with innocent shareholders' hard-earned money. We must NOT give this damned EVFN a single cent. Wait till they tell us they have done something REAL and not all EMPTY talk.