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Amazing great can’t lose opportunities across the cannabis universe to average down today. Make sure to tell your friends.
Then I am mystified by your criticism of waldo...
Air tight lid on this pos.
New theory: Upon further reflection but without a current researching all of the share conversions, etc. I see another motivation for waldo and Lori and the third amigo to convert back salary besides the fact that evio has no cash to pay them with. With all of the recent dilution the brain surgeons in charge may be hoarding shares to maintain a majority control of the company. Could be, may not be, but I'm considering it. Either way, the shareholders don't know wtf is going on.
At this point it's just wait and see. I'm looking for a spot to take a shot but it will be looking at a swing play of some sort. The technicals look a bit oversold to TAR here but it's not convincing yet.
GLTY
That's a mouthful. Good question though on what the restrictions are for company officers to transact (buy or sell) while the company is non-reporting. Complicated when there are other conversions possible happening at the same time. I am sure, though, that the financial filings are not being held back for any nefarious reason. They are so late and dated that their effect will be muted anyway, beyond the goodness of them just finally being released. These people are just incompetent not criminal in their intent, IMHO.
BTW/ We don't know for sure if they are the one's selling. More on that in my next post.
GLTY
There's a great distinction between negativity and responsible and accurate DD. I guess if you loved evio @ .078 you must really love it @ .056. Tried to warn you then.
This is going to be a long hard slug through many millions of share dilution before there's even a chance of sustained price appreciation. No need to rush, IMHO
GLTY
I think that the "D" which stands for "Direct" just means the shares were issues directly from the "shelf" as opposed to from a third party. Either way Lori, waldo, and Smith are not happy campers at the moment nor is anyone else, except you know who.
Big question for me is how much of the recent dilution- and any more to come is still from note holders. I believe you mentioned a .04 conversion price for those.
Other big question is when the 10K. Gotta believe that if the news in the K was really good that waldo would want it out as fast as possible to help his share position.
Always a wait and see and then fight on the board what the facts are... then a rally... then a dump.
More easily understood link. This acquisition @ .0715 were the shares in lieu of back salary. Look for a similar filing for waldo. Actually, they both got kind of screwed as they've had no real opportunity to dump many of those shares as the price has tanked. Remember there's waldo and the new CEO's shares.
what happens to a company when they have no cash
Has it sunk in yet that the OS went up almost 13% today!! We all know the only remedy but waldo is off somewhere playing his fiddle while evio burns.
OS up another 8.3 Million to 72.128 Million!
Outta here!!!
Total ineptness. At least nobody is shouting to the rafters today about how evio will be at .40 before you know it... maybe with a quadruple reverse split. What a pos!!
GLTY
lower and lower offers sure look like a bit of panic to me. but my sense of timing has always been a little suspect.
Don't worry. evio is getting closer and closer to its bottom. Keep averaging down. The bottom is less than 6 cents away. But you better hurry before it's all gone!!
That's wishful thinking.... or not, depending on what they say. The offers are relentless at the moment. BIds backing up because there doesn't appear to be any rush to pick up "cheapies" Very happy to just be holding my freebies but disappointed still. Waldo converting his salary debt into dilution is looking like a killer.
GLTY
There was a sudden dump. That usually signals someone(s) giving up the fight. It's also probable that Waldo realizes .06 in hand is better than keeping a lid on the market @ .0715. Who knows with a pink penny? Any guess without something solid to pin it on is just a wild guess. It does seem though that someone has a boatload to sell.
It's panic liquidation. Looks like someone we might know.
News out?? This thing is getting smashed all of a sudden! or maybe the blinders just came off.
Looks like a good day to average down... or maybe tomorrow?
At one point ( a long time ago), waldo also told shareholders that the authorized OS would be reduced to 100 million. Never happened.
Thanks for the calendar, useless as it may be.
Waldo didn't say what year, so no matter what happens he got it perfect!!
There are no short sellers in a pink sheet penny. There is dilution, though. So now what's your great theory??
4.7 Million shares added to OS. Total now a/o 1/24 is 63.9M. Just the facts Ma'am.
Bright side is that there'll soon be a nice cozy place to average down. ... told ya so!!
Geee, it sure looks like someone who is in @ .0715 is selling this morning.... just a guess, lol.
LOL! Guess you haven't been watching this for very long. And also not caring about the million shares that have been sitting @ .083. No guarantee they will still be there, but they've been sitting there for over a week. Only thing that will take this to .10 (And I hope this happens so I can swing again) is a positive 10K. Haven't seen one of those lately. Have you?
Always remember: Pink Stinks!
Hey Sherlock, with the exception of Lori’s few they haven’t had any common shares to sell before. This bunch is salary payment. If they don’t want to cash that out, fine. I never said they have or haven’t, just that they could and probably will. Let’s wait and see. Market action seems to be telling us that besides you there is very little buying interest at the moment. Keep up the good work.
Until and unless a Form 4 is filed, there is no way to know how many, if any, shares the senior officers have sold.
It still there. Some numbnut finally figured out that always showing that size offer in an empty market was only encouraging others to sell in front. It's probably waldo. Not much interest around either side at the moment so no reason to not let it breath and then he'll be back. He may actually be the 10K offer at the moment. No need to put a lid on a dead market when you need to get out. evio is now officially a roach motel.
GLTY
How many times must it be explained. The only reason waldo and friends are getting stock is because there is no cash to pay them! This is not a choice they are making because they think the price is going up. The alternative was for evio to sell shares directly into the market- a very very bad pr move- and use the proceeds to pay the back salaries. This is a desperation move and forget about the price getting and staying above .07 until waldo and lori have cashed out. Period. End of story! (remember they have ~7M shares to unload so it might take some really really good news).
Now after they are done cashing out, those of us who have decided to take their shares will have the opportunity to hold and wait for greener pastures. The best scenario for everyone is that there really is good news in the secret numbers and that investors will value this pos higher. Then waldo gets paid and shareholders get some back. If you don't believe me then just stay tuned and watch.
ps. Alternative scenario is that waldo and lori space out their sales in intervals but that strategy has its own set of issues.
GLTA (but one or two).
I'll bet that 200K sell order that has been trying so hard the last couple of days to find suckers is either the tip of waldo's butter knife or one of our pumpers giving up. Time soon to average down???
It's very simple. If Waldo and friends think the company is weak and not near a recovery period, they will sell their granted shares aggressively to salvage what they can of their back pay. If they have faith that the fundamentals are changing for the better and that the share price will be stronger, then they will sell these granted shares where they can around the .0715 average which is their effective cost. For them, this is about getting paid, not gambling. Their preferred shares are for that. Either way we're going nowhere fast and the big question remains:
Where is the damn K?
Agreed, though I don't see .25 without a drastic change in the Revenues and Gross Margins. Like we keep saying, show us the damn K. By the time they do, it may be irrelevant as the next Q is due in 3 weeks as well. Then of course, that will be late and evio remains pink indefinitely. In the meantime I'm just looking for opportunities to swing with a few shares to pick up more (real) cheapies. The range is just getting so damn compressed. Keeping alerts active to react to any sudden hysteria.
GLTY
Probably a typo and shud be .0699. Many more still there if interested.
Agreed. Though I'm kind of convinced that .05-.055 should hold. Also wouldn't be surprised if .06s hold but see upside tempered for awhile by this recent share dispersal. As said earlier, their conversion price is .0715 and I don't think they would be looking for profit above that. So we could be stuck here for awhile unless they find a way to release the K and it shows enough improvement. Any knee jerk reaction either way will get my attention and activity.
GLTY
I don't know what they think because they are incompetent, but I think honest. As I said earlier, I think they waited for the note holders to liquidate first - not to add to the dilution at the exact same time. Yes, the lower share price gives them more shares but they are playing with their salaries here, not investments. Their goal is to liquidate these shares as soon as they can recoup all or most of their salary values. If they wanted to invest more in evio because they think the price is so low, they could have just written new personal checks to buy more. And don't forget all the preferreds they have.
There is no delaying the issuing of form 4's if in fact they are selling. Time will tell if they are or not.
GLTY
Good to hear sage. Hopefully evio will get enough market share to max out it's potential there. Then we just need to hear that they have cut expenses and are turning a positive revenue flow. Can't wait to do the math once we hear something reliable.
GLTY
If this 8K is so overwhelmingly great, then where are all the Buyers?
They just got paid!! Getting shares that you dump into the market is getting paid!.
And in answer to your other post, what is it with all y'all that think facts are so bad. I know 43% believe that facts are dangerous and a conspiracy but give the kool-aide a rest.
How many times do I have to remind you that known facts can change if management will ever get around to letting us know the facts?
Oh yeah, and BTW/ over the last three years who has been correct and who has been wrong? Why does it upset you so much that truth escapes from the vapors of all the rosy bullshit? I would think that an honest investor would welcome honest and factual DD. Only shams and pumpers fear the truth.
Buy low/ sell high.... rinse and repeat.
hint: There are 6-7 million shares for sale around .07 (read this morning's filing). Why don't you buy them?
Dope info. There are no restrictions on the sale of these shares. They have in most probability been selling the last few days. If in fact- and this would be a surprise- Lori and Waldo hold onto these shares it would be a sign of great confidence that things are improving and they will make a bundle by holding. Highly doubtful, but we will see if there are any Form 4's filed this week.
FWIW/ Conversion price is $0.0715. We don't know the exact date they actually converted but it is TAR's guess it was Jan. 15-17. TAR also postulates (somebody get a dictionary for the spy chief) that the conversion should have been planned to take effect after the last note holder conversions and dilution sales. Several reasons for this.
Bottom line is that a reasonable assumption is that dilution selling below .07 is finished, but there also could be millions of shares still offered at this level. Just don't know how many they dumped so far. After (in w's case, long after) they're finished they have a legal requirement to report the sales. This is not a full proof analysis but evio should be on its own for the time being. Don't forget the forward going commitment to pay these incompetents with even more shares. They really are addicted to dilution. (Let us not forget all of the preferred shares these clowns still hold on to)!
That means: Filings now of the utmost importance so shareholders can get a somewhat clearer picture of revenues, expenses, etc. Info will still be dated but not as dated as we have now. It's obvious evio remains cash starved and that's not good. The best to look forward to would be a period of stability until they get around to filing and evio crawls off of the pinks. No guarantee that will happen.
GLTA