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Immediate 7.3 million share dilution to cover past salaries due and a commitment for another 7.7 million/year dished out quarterly (at present share price). I wonder if the utility companies will take evio stock as payment?
Since you are having a hard time reading my past posts, I will give you the Cliff Notes version.
1. Reality is not bad mouthing. I think evio is worth more than .06 but less than .20.
2. I own more shares than you do.
3. My avg. cost is below .03 . Please get a tutor and read past posts to see how it's done.
4. Prior year's trading profits in evio not included in above.
5. I think begging people to buy a stock so I can save my position is crude and it's easy to see.
I will not respond to anymore of your posts because I think my dignity is calling me on line 1.
If there is still a moderator on this board would you kindly message me why my last post was deleted? No TOS violation I can see. Also, what does it take to get this guy to stop screaming?
The filing is for financials as of September 30, 2019 so almost 4 months ago and won't be current with the OS. They ain't waiting for anything but a new abacus but they can't afford one.
ROTFLMAO! The man needs to double his position at a price of zero to get to his hoped for average. That is really brilliant. Why hadn't I thought of that.... Oh, wait... my average price already is zero after letting go of recent buys yesterday and today, and having a realistic approach to this pos. Please do not take this the wrong way but your trading strategy- to me atleast- sounds very .... very.... (don't want to get reported, now...) lets say amateurish. It's like keep doubling your bet at blackjack in the casino until you win because if you keep doing it you can't lose... great idea!
Any newbies listening to any of this might want to go bang your head against a wall.
No one said this is a bad place to buy... if you are willing to take reasonable profits when the opportunity presents itself. Though personally we prefer buying dips rather than rallys but that, of course is your choice.
I'm happy to sell you today what I bought on Monday(half, anyway). Thanks for helping me average down the right way.
GLTY, really.
Sorry, but evio is broke. Needs immediate funding not to expand but to keep the lights on what they've got. Not a new company or start up anymore. Been around failing for a while now. Don't compare it to Amazon that is just plain stupid. Why don't you wait for the filings to se what is really happening? Scared? I'm hoping the filing- if it ever is released- will show something positive and we or responsible natures can then evaluate based upon reality rather than fantasy.
Did you notice that I didn't shout once in this posting. Try it sometime, you will feel better and those around you won't think you are so abrasive.
Agreed. Would add that averaging down can be helpful when you take advantage of iterime bouncebacks and take some profits on your last purchases and hope it keeps going up. If not, rinse and repeat until your cost is attractive relative to the current price and conditions. An old rule of thumb is to take a current look at a stock and determine that if you didn't already own any of it, would you buy it. If a stock is no longer attractive at its current level you SELL what you have. Buying, whether for an initial investment or to "average" should only be at "below value" moments. Now, we all seem to have our own guidelines for what is attractive.
All that said, without timely filings and real revenue growth, this is a crapshoot. To say it's worth .20, .50, 1.00 are all meaningless BS. evio is broke and at current price, new financing is problematic at best.
Let's hope we get an encouraging filing, although any filing is still for non current data.
GLTY
Hey, it's probably going higher...I hope so cause I have a boatload of free and recent cheapies, but it aint going to a 1.00 or even .50 until long after ww finds a non-dilutive way to pay the utility bills and keep the 19 labs open...ooops, my bad, it's not 19 labs is it?
6 labs (owning 100% interest) operating @ 110% capacity won't get evio over a dollar.
glty
Yada Yada Yada... same old posts just different names that have been saturating this board for years. Facts have proven that those of us who have been cautious and honest with the DD have done fine while the rest have had a difficult time of it--- and then there are those who just continue to average down because they just "know" it has to rebound to the moon.
What is the purpose of continually talking up the stock ? Bragging you made a penny? Or just trying to convince poor newbies to buy your stock from you??
If you can weather the storms and have a plan that you stick to without getty greedy, there are bucks to be made. Always try to keep a little powder dry for sudden opportunities and never second guess taking profits.
GLTY
LMAO! Sorry, but now you tell me that the metrics you look at to judge evio value are not worth looking at and because other companies are raising capital - and diluting, btw. No thanks, I'll keep my swings going until there is something more tangible to hang my hat on.
1. The balance sheet sucks.
2. There are no comparables except maybe DIGP.
3. Listening to what the company says is what has lost almost every investor in evio their shirt (except for the note holders who have made all of the money.)
4. What space? The cannabis industry is in total distress with companies all over the place going belly up. Lab testing is a great niche if you have the testing capacity to make the margins work and if your cash flow allows you to operate without further constant dilution. evio so far is failing at these three requirements.
FWIW/ at the moment (until we actually get a filing that is somewhat timely) you may be about 25-35% correct on your price target which will be a nice gain from this level....... with no further surprises.
GLTY
Let me understand this... you think after a dilution that more than doubled the OS count and with no tangible information that evio is making any more revenues - you forecast the price to return to where it was before the dilution..Is that right? You must be sure that revenues have at least doubled then.... possibility, but without filings htf is anyone supposed to make these assumptions?
glty and glta
Do yourself a really big favor and do your own DD. Most posts on this board just try to talk the stock up like there is enough firepower here to make a difference. Most have no clue. Read the company reports when they come out- which is rarely and trade with your head not the BS posted most of the time.
Learn who to trust and who to ignore.
JMHO
GLTY
Was that your 900,000 shares that converted yesterday. Timing looks like it. ROTFLMAO!!
After selling half of the 4s and 5s I had @ average of .1098 on the run up, I've been adding again between @.06- .065 the last few days including a few this morning @ .06(partial fill of only 2250 shares, but hey!). I think TAR was looking for a value of .10-.12 but hasn't updated that. Hoping for a Q to see what's going on since the last one. Can be kind of choppy in the meantime.
This thing looks like a moon shot every time a few offers are taken and looks like total crap when the bids get smacked. Gotta have a plan and just stick with it.
GLTY
ps: My next buy level below .06 would be in mid 5s again. Unless there is really bad news we don't know about- like no cash on hand to operate- I think we hit a bottom. Its what we don't know that is tjhe problem.
Have you taken the course yet on how to fit a zillion tons of cultivation into a lab than can only handle 100 lbs at a time?
(Before you go off the deep end, these numbers were for illustration purposes. Evio's capacity and OPEX dictates its optimal revenue potential.Do you remember that class?)
GLTY even if you don't need it.
Either way it just goes to prove that the only people who make money off of evio are the swing traders and the note holders.
GLTY
Calm down pumpkin! I was trying a little levity.... However, the late conversions for the most part are priced at a 35% discount to the lowest trade price for the previous 15 days to conversion (I think this is about right). Since lowest price during last 15days was a around .047... well you can do the math.
Only another 941,763,096 to go! Conversion price on this last 1M shares was at about .03.Don't know what proportion of daily volume is conversion selling, mm manipulation, or iHub board members averaging down. Also don't know what the reporting lag time is on the OS data. A lot we don't know. That's the fun of playing in evio-land.
GLTA
FWIW/ the same 15,161 shares bought on the open @ .078 just sold @ .074....mm manipulation and I bet it happens all day to get the volume up. Pennies for ya... especially the pinks.
My record speaks for itself. Ask those who have been here a while. Sorry you can't take any correction to your terminology without throwing a hissy fit. Newbies and old timers alike here rely upon accurate information and education and so words matter... like facts. It's hard to answer another poster's question without pointing out the fallacy in a post he (she?) is asking about.
GLTY
I have no idea what imaginary gaps cure keeps talking about but I'll try to explain the concept to you. When the day's trading range for a stock is outside the high or low of the previous day, then there is a "gap" in the charts. So, for example, if today's range remains what it has been so far .0737 high and .058 low and tomorrow's high price is below .058 or tomorrow's low price is above .0737 there would be a chart gap. Technicians believe that most "gaps" are eventually filled back in by future trading but that's a discussion for another time.
Hope this helped a little, though there was no at .06 that I can find on any chart. Maybe cure should let us know what chart he's looking at, daily, weekly, etc.
GLTY
It's now all about the cost of capital to keep the doors open. Selling notes at these levels is a dilution nightmare. Have to see the next Q to see how the operations compare to the previous filing. Management implied they have their accounting under control now.... so wtf is the Q?
Float= OS- Restricted Shares.
So knowing the correct float and comparing it to the OS gives an indication of potential overhang of restricted shares that might be coming into play. I'm sure if there are any notable restricted shares hanging around in evio-land, but it's obvious that the old float number- is over a year old and meaningless. Probably has to do with reporting or the fact that evio is pink and sites like OTC Markets aren't farming that number.
It would take more time than I have to spare to calculate exactly how many shares in total would be converted by all of the notes at all of the conversion prices which are dependant in large part by what the price range was at the time of conversion. For example, if someone converted 1M shares yesterday it would have been at a price of about .027 because the more recent notes stipulated a 35% discount to the lowest 15 day trading price. This last run up made a lot of money for the most recent note converters.
Bottom line is that someday this pos is worth something if Lori can find a way to keep the doors open without diluting it into oblivion.
GLTY
It's all shaky. I lowered revs because evio has no operating cash on hand. I also raised margins because I'm a pushover. So raise the revs and lower the margins and it all still comes out murky.
Also, you have to remember that the dilution selling began when prices were probably in the 40s or even higher. Any way you slice it, we don't know shit what is really happening so there isn't anything intelligent to do but play the swings. Two or three good plays a year with this puppy has ben well worth it. I'm hoping for another entry in the coming days to add on to my load of freebies. If for some reason it rallies out of here (always doubtful) then good for that, too.
A filing would be nice...
Told y'all a long time ago that he was a shill for the diluters and that when they were gone so would he be.
The biggest problem for any of us is that what reporting we have is more than 6 months old and it's quite difficult to calculate not only how many shares have been converted (notes into shares) but at what prices. Making an approximation that there was about $7.5M in total financing to convert - I don't have the bandwith to weed through evio's tardy reporting- and that perhaps the average conversion cost was $0.25, then we would end up with about 30M in dilution in the last 6 months which would bring us approximately to the current 55M OS.
This may be wishful thinking and I would have been more encouraged if the price didn't have that total retracement yesterday. Very damaging as well as suspicious..
Now back to basics and I offer this with a great deal of TAR pushback, as he hates pinks and ridicules me when I don't listen, but here goes.
Assumptions:
1. evio will demonstrate $500,000/ Q revs = $2M/yr.
2. Margins will increase from negative to 20%
3. OS to remain under 60M
TAR target value with gun to head is therefore: $0.10 - 0.11 (with expectation that there will be periodic rises on exuberance above that level. This is why TAR made me sell half of all 5s bought at 10 and 11. Other half are now free and will start to load again below .075. That is plan for now.
If one believes that revenues will in actuality be higher, then adjust accordingly. I know I got a little too exuberant the other day with a forecast into the 20s. Amateur mistake - unless we get some better than expected financials and soon.
Anyway- GLTY and All.
The heavy hitters aren't showing their bids and offers for the most part. Especially the sellers are normally only showing the minimum 10,000 (when the price is below .10) share sizes. Also will now have to fight through the offers of the "bargain" hunters who bought in the 8s and 9s on the first dip and now want out.
One scenario is that after this blow-off interest will fade and the volume will dry up with wide bid/ask spreads. Being pink also sucks.
GLTY
This is what a massive liquidation looks like. Seems someone got into Daddy's TDA account and bought 4M shares yesterday and Daddy came home... goes to prove yet again that it always hurts to not take profits.
If anyone can find out the real float # it would be interesting to compare to the OS count. That would be a good indicator of the dilution still coming down the shute.
#OS- #Pref-#Float = #Dilution fire Sale.
Play safe, kids.
Agreed.
GLTY
How do you figure that each lab is worth $2.5M??? Certainly not in revenues. PLease help me out with the new math. If you're counting equipment, don't bother, as used lab equipment has no value in the resale market.
Hey,from where I reloaded to .25 is a HR, even with some lightning up on days like today. Ooops, see I may about to lose a few...
GL
That is exactly why evio is so limited. First of all, unlike a well run company like Cannalysis, evio is all tapped out on what it can borrow unless it dilutes beyond the crazy place it is today (based upon revenues, infrastructure, market share, etc.). AND it is because of the strong financial position of companies like this that evio may very well get overwhelmed in the space and either forced out or gobbled up for cheap. Ideas are nice, but execution pays off.
hyperbole is an investor's worst enemy.
GLTY
Because it doesn't have the lab capacity and efficiency (or brains) to generate enough revenue for those kind of numbers. The best to hope for is that evio is going through a total reset and that progress can be reasonable and steady this time.
btw/ you probably don't know TAR, but with the last round of dilution seemingly over, he's looking for a good sized rebound but not above $0.25 over the next weeks. And that might be tough seeing as that evio is still mired in the Pinks. You might want to get management into the total compliance mode before dreaming about that pie in the sky.
GLTY and all...
My Google alert is ringing off the hook. Forgot to cancel evio. So just stopping by to see the same ole same ole discussions going on. Sad.... good to see that James Bond is still buying every new low and touting the same pie in the sky....
TAR is spitting out a buy signal for .06 and I'm not sure if I want to fire him or laugh it off to a technical glitch. He also thinks that ww and lori will be dumping their preferred shares or selling the company soon. Scary place this evio-land.
On my way out of here, GLTA (though I think a shrink might be in order).