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CEO is gallivanting around Europe, has no employees, no contracts, facebook page is gone, no response to emails in over 4 months.
BY NO MEANS ARE WE DEAD
Erm, yes it is.
I understand that you don't know how these contracts operate, but they were in essence wrapping up their task orders before Sym went to Germany.
There has been no new work since Sym left, and all their project and operations people are no longer with the company.
It won't, because they aren't currently doing anything.
Nothing, the CEO is currently on deployment, nothing is happening with this company.
Yes, from this summer saying he was deploying in a month. Which would be THIS year.
So again, he was slated to deploy this year. His colleagues at his volunteer positions all say he isn't there because he is overseas. The chamber of commerce number is right there on his directory. It's a google away, anyone on this board can call and ask. He has numerous Facebook posts tagged with him in Germany.
Every single source I've provided, all of which anyone here can replicate, say he is overseas right now, in Germany.
http://millburnshorthillschamber.org/
Your story doesn't check out.
You claiming to have called his wife isn't evidence of anything.
I have provided EVIDENCE, you have provided CONJECTURE.
http://www.northjersey.com/story/news/essex/millburn-short-hills/2017/07/05/fine-4th-millburn/448791001/
That isn't a "stupid Facebook link". That's another independent news source that corroborates what the Facebook link stated.
So again, multiple public sources that say he was deploying this year, coupled with his colleagues in the chamber of commerce SAYING he is over seas right, plus his own Facebook saying he is overseas right now.
You have no evidence whatsoever.
I've provided you with two verifiable public sources that state he is overseas right now, versus your anonymous source.
If he isn't in Germany then why does the town paper, the chamber of commerce, and his own facebook say he is?
Like I said, what you have said is 100% demonstrably false.
http://www.northjersey.com/story/news/essex/millburn-short-hills/2017/07/05/fine-4th-millburn/448791001/
Which is 100% false, he is overseas right now.
Hence why the article I posted said he was leaving this year and why all his Facebook posts are tagged in Germany.
erm, correct. You're saying the story is fake news? with what evidence?
The CEO is in Germany.....
had a conversation today that was not good
Why would anyone care if one of the thieves who helped kill this company's momentum is still lurking?
she was fired for theft.
the ten year out of date ones that Apple has already overtaken?
He HAS stated the revenue source, he's been quite clear that all monies earned in the past (with the exception of 1 million form the now defunct biometrics contract) came from STS ATG operations. These operations have declined to 10% or less of what they were a mere 4 years ago. He has no employees, and is over seas in Germany, which means that over 90% loss of STS operations in 4 years is unlikely to reverse.
This "information" is not what the CEO has openly admitted in conference calls with shareholders. EVRM is not involved in biometrics any more.
I would reference the shareholder call a few years back when he openly stated they were no longer working in biometrics.
there isn't any.
The contract EVRM was subcontracting with HONEYWELL on had nothing to do with bio metrics, it had to do with ATG fuel systems. EVRM has had no bio metrics related contract since sequestration in 2011. EVRM has largely abandoned the bio metrics research it was conducting due to cost, a lack of SMEs and the fact that the lawsuit happened shortly after they lost their only bio metrics related contract.
The CEO has said all of these things, don't listen to some anonymous 911 trader claiming that EVRM is going to get all these contracts in casinos, EVRM does not have the infrastructure or the cash to support such a project.
Yes it will, but evermedia won't be involved in that with their outdated technology.
talking to a former employee at 4:30 today, submit your questions here and I will ask them on the phone
Loading a stock that has no current public information available?
It's pretty simple.
They had two task orders earlier this year when the CEO was still stateside. Those task orders were, at most, worth 200k in REVENUE, more likely 45-65k total revenue since the average TO value was much lower than the maximum task order value. I understand you've missed the whole thing here, so let me lay this out very plainly. They did practically no business in the last 12 months, and since those two task orders they have received no additional work. This means they haven't had a project in anywhere from 4-7 months, and the company has been paying its overhead expenses that whole time.
The company, at most, has done 200k in the last 12 months in REVENUE. After they've paid their techs, paid Jon, etc, they're actually probably losing money on those TOs since you need a lot of task orders to support the minimum 100k a year the CEO was paying himself out of the company and all the things he charges to the company like his car.
it isn't a good picture.
How is that great? that means that the company is doing almost nothing in profit.
Spoke to a former employee of STS today, they explained that ATG task orders were generally under 100k per task order, but they generally were running a bunch back to back to back, which is how they made their money in 2012. Since we've had at most 2 this year, we can estimate that, AT BEST STS has done 200k this year in revenue.
That's about how much business they've done since 2016, so that makes sense!
Yes, it does, because the guy who admitted he took the money and apologized the shareholders walked away with over 600k of shareholder money.
If I steal $100 from your bank account, and return $30 to you a year later, is that a great win? Because scale wise that is exactly what happened.
Weitzel stole a million and returned about 30% of that money to the company, despite admitting he did it, and apologizing for it, Sym still let him walk away with over 600k, why?
a patent they have done nothing with in almost a decade.
Again, everything you're pushing here has been around for years and resulted in nothing.
Everything you seem to think represents some great asset of the company is in fact, a testament to the shortcomings and failures of the CEO.
Again, that's from 2012. They haven't done anything in the space since sequestration. The CEO has said as such. Are you suggesting that the CEO is lying to the shareholders about operations of the company?
That's from about 2010, and they lost that contract in 2012 due to sequestration, you're pushing 5 year old news that the CEO has directly refuted.
Nothing in their financials suggests they are working on biometrics, and the CEO has outright said that they are no longer in the biometrics space.
Evermedia hasn't done anything in the biometrics space in over 4 years, why would this help EVRM? They abandoned the biometrics years ago to focus on the ATG work through STS, the only biometrics contract they had was cut due to sequestration, and they've done nothing with it since.
Why would that surprise you? This company hasn't had any real operations in years.
There is no news, did you happen to call Agnes and get the lastest?
Agreed, LKJ seems to be under the impression losing 600k of hard earned dollars is a win.
It's important to remember that regardless of whether it is right or wrong, it simply is. The company lost 600k, and regardless of how or why, that's operating capital that did not go into growing the business.
Yes, an award from the money that was taken from the company.
Which means they actually lost 600k.
Which would be EVRM.
Weitzel came out 600k ahead, and all of that was company money.
The money EVRM won was money that EVRM already had before Weitzel took it.
They didn't win 300k.
900k was taken out of the company's bank account by Weitzel.
The company sued.
They had some hearings, lawyers met, and the company reached this point:
The settlement was a compromise in which Evermedia received a net cash award of nearly $304,000, a confession and apology from Richard Weitzel, and the return of all shares of Evermedia stock owned by Weitzel and Waldroop. In exchange, Evermedia agreed to drop the civil lawsuit against both defendants and relinquish a sum of $76,000 as well as issue mutual releases.
Which means that the company lost 600k, all that time, and the former STS management team and only managed to recoup 1/3 of the money that was taken.
No, the case never went to the courts, so they didn't win anything.
They settled.
Winning the lawsuit would imply that a judge ruled in their favor. That never happened, instead Sym and Co. elected to drop the suit and receive a a portion of the monies, less than 1/3, back from Weitzel. Why would they do that if their case was any good?
Your example isn't related to the case.