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Earnings season. Where’s $EVIO filings?
Wondering about the toxic debt notes piling up in Evio quarterlies consistently diluting the shareholders every month? Be aware that Waldrop Glauser Smith are pocketing $40,000 a month. They’re looting the company by a million cuts. Constant toxic debt issuance diluting shareholders to pay them to do what exactly again?
File on time? No!
Open labs on time? No!
Provide timely release of material information? No!
Enrich themselves? Yes!
Zero shareholder accountability? Yes!
Treat the company like it’s their own plaything? Yes!
257 Days Delinquent. 317 Days since provisional Massachusetts license issued. “Process to full licensing in 30-45 days” - as per company PR Dec 17, 2018 - Where’s Kaycha status update?
Bad vibes? The truth is Waldrop tried his “aw shucks - it’s everybody else’s fault but mine.... here’s a tall tale of woe and sorrow salted with some MBA gobbledegook” scam he’s been running on the completely inexperienced and in over their heads stooges Glauser and Smith.
The problem is he’s so arrogant and naive he tried it on the institutional investors.... and guess what! Not their first rodeo. Fool them once, easy enough. Show up for seconds and you’re the one on the menu now.
That simple.
ps. Plus the promise of debt reduction w raised funds and a/s reduction. That’s not explainable by “oops circumstances” that’s straight up bald face lying and betrayal of confidence and trust.
Waldrop / Glauser management. Same reason we don’t see announcements of major national partners in CBD - same reason Kaycha bailed - same reason we at 300+ days of Mass provisional - 200+ days delinquency - writing is on the wall for all to see - market is done with these two - unless they get gone, going to be shareholders skinned and hanging from it soon.
Canaccord Genuity US Cannabis Symposium When: Thursday, 3 October 2019
Where: Sheraton Centre – Toronto Presentation: 1x1 and small group meetings
Alliance Global Partners Consumer Cannabis Conference When: Thursday, 3 October 2019
Where: Pierre Hotel – New York City
Presentation: 1x1 and small group meetings
For more information about the conferences and why EVIO wasn’t invited call: 702 343 7470
$40,000/month into Waldrop/Glauser/Smiths pockets for what again?
256 Days Delinquent. 316 Days since provisional Massachusetts license issued. “Process to full licensing in 30-45 days” - as per company PR Dec 17, 2018 - Where’s Kaycha status update?
Raging ongoing conversation of always success with himself? Still won’t respond to the lying to the board of major insider intel from top secret Kaycha meeting.
One more day delinquent. Zero update on mass lab status. Kaycha partnership/ licensing deal in flux with still no comment or update on Kaycha announcement to drop evio branding. Is management too ashamed, has the fragile ego of the ceo been too bruised? Is it more sacrificing shareholder value and the fiduciary duty to shareholders at the altar of the ceo fragile ego? When will the trolls attack next? Stay tuned
Tell us the story again meeting Kaycha exec for a one on one intimate meeting of the minds you had a few months ago during your cross country fact finding mission visiting every evio lab? It’s such a great story. Iconic really. Like a fairytale.
Flavor Flav where art thou? Financials this week? Mass lab announcement? Other housekeeping to keep up with material info release and fiduciary responsibility to shareholders possible? Or just dreams?!?!?
FYI. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky.
How to Remove the "Stop Sign"
- this is also from the OTC markets website. And is the biggest reason many of us on here have been hammering the management team of evio for months for their blatant negligence in timely filings.
This deal went from fully reporting at 2$ a share with a freshly raised $6m in the treasury with a cross list onto the lucrative Canadian exchange to a delinquent laughing stock joke trading at 20 cents in the blink of an eye due solely to managements inability to do their job. A complete disregard of their fiduciary responsibility to shareholders.
It’s been so long of a stop sign on the company that many people might forget this once they are current again. Celebrating the “success” - but with the same management team sticking around? I dare anyone to explain in a realistic manner how anything will be different.
Source: https://www.otcmarkets.com/corporate-services/information-for-pink-companies
SEC reporting companies should be aware that information published directly to www.otcmarkets.com will not be considered when determining the placement of the stop sign. The determination for reporting companies is based solely on information filed with the SEC's EDGAR system. Delinquent filers either become current in their filings with the SEC or deregister and then follow the steps above for non-SEC reporting companies. - from otc website
Nope. One more filing to go. Q3 2019 went delinquent on August 15
Probability of filing today? Next 7 days? What’s your guess for the date stop sign is removed?
EVIO Mass IG “Where is this industry going” post is very strange? Unsourced doc showing # of capital raises in cannabis are down this year but the total amount invested is up.
See it b4 it’s deleted. Very odd coming from a non-operational lab who is likely out of the raise loop. Since the spelt Capitol wrong. (It’s capital)
https://www.instagram.com/p/B3-HIjth6df/?igshid=rhuybquqblo4
Yeah go somewhere else with your close examination of a management teams performance destroying a company. We’re counting on recycling new suckers into this trap and don’t need you dredging up facts about this deal. The sheep and suckers have a real short memory and if you just got out of the way we could do the job we are getting paid to. Pump up this sucker without any real changes to the deal so that it’s another rinse and repeat of suckers buy and the dilution continues.
Now you really know
Fascinating. Can you elaborate on the apparent extensive dialogue you’ve had with the coo? Also. The question still stands. What’s her actual job? How does she deliver value to shareholders? The company has not seen fit to elucidate this intel in their website. Perhaps you could enlighten us. For the record I find Waldrop to be as equally incompetent and unqualified for the job he holds. It’s truly fascinating that you’ve gone down the path of focusing on the gender issue. As though you were playing a straw man argument to try and paint anyone you disagree with as a sexist? Incompetence is an equal opportunity.
Because I am a shareholder. The testing sector holds a massive opportunity. Waldrop & Glauser have mismanaged the deal to smithereens. Accountability & Fiduciary responsibility to shareholders is a real thing contrary to the opinion of many here. When there’s a real management team in place working to maximize shareholder value. I’ll shut up. Until then - expect a regular dose of reminders of the ongoing failings of this management team. And especially when that management team is too out of touch or cowardly to even comment in any real fashion as to the current state of company affairs. It’s gotten so bad we’re supposed to cheer the filing of financials that are months late. Like that’s some great accomplishment. #seriously what happened with Kaycha? What detail did they overlook that’s causing the huge costly mass delay? What’s the deal in SoCal - we’ve been told it’s the inspectors delays in mass. Not buying that. They obviously forgot to dot some i or cross a t - and California has been brushed off as “market conditions” - after they got $500,000?!?! From the group building it out?!?! Another bad partner, no money? Bad character? Waldrop bought another bag of beans? Where the biotech developments? Where the big CBD client signings? It’s just mopey business as usual chasing after mistakes with labs operating at nothing close to full capacity?! What the what is what is every shareholder should be asking Waldrop Glauser everyday.
Do you know what her responsibilities are? Smith is the science/technical dept responsible for developing/implementing/improving the testing protocols. Waldrop is in charge of late filings and share dilution on the corporate side. The labs are autonomous entities operated and managed by respective lab directors. There are only 3.5 of them. They have a sales/ marketing person to develop customers. What is Glauser’s job exactly? The company web page provides no answers. The companies mission statement provides no answers.
While she was doing a bunch of the consulting work early in the sgby days - there’s been zero consulting work on evios books now that the industry has matured. So what’s the point of her presence and salary. What value does she deliver to shareholders and the operation?
She was definitely on the ground, in person on a day to day basis for the loss of the two lab licenses in Oregon. And then quickly ran away to move to California to “develop” the flailing so cal lab that had gone absolutely nowhere. How does someone with zero experience in operating a public company, who brings zero consulting business to the deal for many quarters now survive? By politics and kissing butt. She’s an expert in striking the ego of the ever insecure Waldrop. That’s it. And we the shareholders. We pay that price.
Glauser is an operations incompetent. Only excels at office politics, gossiping, back stabbing, passive aggressive Etc. Always leaves a horrible mess but comes out looking like a saint.
Buyers are out there. Need to change the narrative so they hold. And buy more.
But Waldrop Glauser and Smith have kept up their $150,000 a year salaries that they awarded themselves 8 seconds after closing the $6m last year. After all of the shareholder value destroyed by their negligence they keep taking on debt and diluting the stock just to pay themselves their overpaid undeserved salaries. The three of them halving their salaries. But nope. Keep on pretending their top flight executives. How else do you get the season tickets and second homes. Evio is a great big atm for Waldrop Glauser to steal from shareholders.
All the consulting fees paid to Newport - check out the conversion of the preferred stock. This frauds for you suckers.
She wasn’t a board member. She was an employee. Glauser was right there, living in Bend. Overseeing the whole state operation. The incidents occurred in Bend and Eugene. What was Glauser doing there? Was she running things, responsible for it all? Waldrop was busy wasting money on fruitless acquisitions, getting the debt fix like a Junkie blowing thru the $6m raise, giving himself a big raise - what was Glauser doing in Oregon? That she wasn’t aware of..... until they were caught and she advised the employees to cover up and lie to investigators. So they fire the peon. Keep the exec. Then move the Corp hQ from Oregon back to Las Vegas at a cost of another how many $100’s of thousands? Glauser gets off Scott free and relocates to Los Angeles to oversee that major screwup and lost lease and license on hold and another one million dollars lost at a minimum.
We don’t even know what Glauser does?! Waldrop screws up corporate on a daily basis. Smith apparently does the technical for the testing protocols? But the deal is 3.5 labs? Lab directors run the labs. Have you read the company bios on the web page? They’re a joke!? 5000 word descriptions of what Waldrop and Glauser did 25 years ago with ZERO mention of what their jobs are today. Because I don’t think they even know what their jobs are. To put out fires they start themselves thru negligence seems to fit nicely.
Sounds like every other deadbeat who habitually doesn’t pay their bills.
then it’s time to explain how they lost Kaycha? The Colorado lab? The California lab? The millions wasted in Oregon. The hundreds of thousands wasted in Mass? The lack of a board of directors? The complete miss on managing funds? The addiction to wasting money and more and more debt and dilution? The endless circle of CFO. The mismanaged 10 months of delinquency? The complete silence of zero accountability. The lost licenses in Oregon. The bad hires in Oregon. The list goes on. I see a demand soon.
If you were a major CBD company $EVIO would be low on the list of partners. Learn about the stop sign and non reporting status for the past 10 months - thats a neon sign of unable to do the simplest paperwork required by the exchanges. And then you notice the two lost licenses in Oregon for criminal negligence on the part of a senior company officer who’s still employed by the company, oh and the 32 day suspension for another major issue at a third lab in Oregon. Nobody fired and the company making excuses.
Then you might meet the two of them running the company and quickly realize they are clueless. They live in some kind of self induced bubble of pity while the world moves on around them.
Nobody wants to do business with evio with Waldrop and Glauser in play.
The CBD boom was clearly in play 9!months before they put out their press release. All the serious players got serious clients. $evio has the scraps and retreads to work with.
Why do you think Kaycha dropped the branding? It sure wasn’t because evio are a national success, lauded by all and sundry in the industry as a leader, a beacon of the future of protecting the nations cannabis and Cbd supply. Securing the health and welfare of vulnerable patients. Nope. They’re lucky to raise 6 million and blow it in nothing and then go dark and delinquent on filings.
Waldrop is a coward. Add in the fact Waldrop isn’t a very smart person. Who is extremely insecure. He’s not a strategic thinker. Impossible for him to make a decision. The type who asks 100 people what they “think” including the person cleaning toilets on the night shift at the office. That kind of moron if you’ve met one before.
It’s impossible for him to even delegate tasks because he’s such a scatter brained moron even in his own head he’s got no idea what’s really going on to delegate tasks.
His massive ego and paper thin insecurity make him a great mark for scam artists. Tell him what he wants to hear and how smart he is and he will change his insecure mind in an instant - reality be damned - it’s truly sad and pathetic that we as shareholders have been taken down this path with the sociopathic baby.
Canada is in there. Not broken down. But the mention of a $62000 loss on currency conversion means they have some revenue. How much. Who knows. Maybe $200k for the Q. Nowhere near payback for the millions outlaid.
What is mentioned a number of times is the Florida “relationship” being one of use of trademarks and brands. There’s no mention in the Q of any numbers or percentages. With Florida now having picked up the Colorado lab on the cheap and having their own Kaycha California web presence. There is obviously some very material info that Waldroopy is hiding from shareholders regarding the status of the business relationship with evio and Kaycha.
Pin this awesome summary
Nailed it. Like a precog in minority report. Stop the crime before it happens.
Or better still hang around and make management accountable. If they insist on hiring creeps and straw men to conflate the narrative in social and message boards. Launch a massive lawsuit and get a pound of flesh by embarrassing them publicly by having a court hang their dirty laundry for everyone to see and hey. Maybe some massive financial penalties and even jail time. Even casinos have rules. The ones that pretend otherwise are closed down and the owners go to prison.
Derp. What about. Derp. LP. Derp. YELLING. DERP. What about. Derp. Derp. Derp.
Sure. Discount for me is $1.50 per share.
Posted facts. Can’t respond to made up wholesale fairytale fantasies. Obviously you didn’t even read the relevant sections or for certain the entire agreement. It starts with licensing the logos and marks of the licensor. Evio. Which obviously isn’t happening anymore. The posted. Section pertains to termination. Evio has been delinquent for 8 months -stop sign- their own corporate management negligence was responsible for the loss of two licenses at a minimum cost of $3,000,000 to shareholders. And the suspension of business for 32 days at a third Oregon lab. Reading the full Kaycha agreement from 2017 it’s pretty clear that Kaycha was in a position to provide written concern to evio of events occurring/not occurring with respect to the maintenance of the sanctity of the “brand” and provide 30 days notice.
The Fact that evio conveniently publishes that say nothing drivel piece of an “update” the same day that Kaycha announced the name change indicates that evio knew exactly what was going to happen and when. And tried to post something to distract attention from the event. Evio management in its infinite wisdom of perpetually screwing shareholders has neglected to issue an 8k on what actually transpired because aldrin operates like a scared moronic kitten 95% of the time - but my best guess would be that Kaycha informed them that evio was in breach and they were exercising their rights to take back the name, throw out the evios IP (because Kaycha had developed something 100x better), be able to go into California and compete without paying any licensing, franchise fees and leave evio with their rockin 3 points of whatever revenues to save some face. But that’s a guess on my part. There certainly appears to be some material info occurring that evio has just not released. Which would again be another breach of their fiduciary responsibility to shareholders. Getting tired of repeating that phrase.
I’d ask that you crease and desist making up statements and attributing them to me. I’ve never stated that mass was a loss. I’ve stated repeatedly that mass is a massive screwup by evio management - that the Instagram account of evio mass has been dropping hard hints of opening since June. And that Evio is likely burning at least $25,000 a month for at least four months while they await final approval to open which seems to be taking an incompetently long time since the interim license was issued almost 12 months ago.
Regarding Canada my thoughts were similar to what happened with Kaycha. That keystone had removed any association with evio from all of its web and social media properties in an attempt to distance itself from the ongoing stench of mismanagement and incompetency displayed by Waldrop and Glauser and worried that they would/ might already have executed a similar termination clause.
I’m sure you won’t read this reasoned and factual response but rather will pump out some dismissive and banal screed banged out in ALL CAPS making up everything as you go pumping the deal up for your daily crust.
Meanwhile I will sweat the equity in my significant holding of evio stock that I regret every second of everyday ever getting involved in and can only pray for them to get current so I can liquidate my position before they go into liquidation. - Alex
7. Term and Termination. a. Start Date. The start date of this Agreement is August 1, 2017.
b. Term. This Agreement and the licenses granted hereunder shall have an initial term of five (5) years, unless earlier terminated pursuant to Section 7.d below.
c. Renewal. The Licensee may elect to extend the Term of this Agreement for an additional term of five (5) years, subject to providing written notice to Licensor of intent to renew at least 180 days prior to the end of the original term at (i) an renewal fee of 50% lower than the original terms provided in this Agreement and (ii) annual royalties remain at 5% with stated minimums. Absent a separate formal agreement (or amendment), both parties agree that this Agreement shall automatically renew for an additional one-year period at (i) an renewal fee of 50% lower than the original terms provided in this agreement and (ii) annual royalties remain at 5% with stated minimums; unless not less than ninety (90) days prior to the end of the then current Term, either Party provides notice that it elects not to renew.
8
d. Termination. This Agreement and the licenses granted hereunder may be terminated prior to the expiration of the initial term or any renewal term of this Agreement as follows:
i. This Agreement may be terminated by Licensee by written notice to Licensor:
1. in the event of material breach by Licensor of its obligations under this Agreement, which breach is not cured within thirty (30) calendar days after written notice of such breach from Licensee; or
2. Licensor ceases operations, makes a general assignment for the benefit of creditors or is the subject of a voluntary or involuntary bankruptcy, insolvency or similar proceeding (except for an involuntary proceeding that is dismissed within 30 days).
ii. Termination by Licensor. This Agreement and the licenses (in its entirety or with respect to any Territory) granted hereunder may be terminated prior to the expiration of the initial term or any renewal term of this Agreement upon written notice to Licensee in if:
1. Licensee undergoes a Change in Control involving any entity or person that is a competitor of Licensor or that Licensor reasonably believes does not possess sufficient resources and capability to fully perform this Agreement, or that Licensor reasonably believes would otherwise adversely affect Licensor’s business or the Licensor IP;
2. Licensee fails to pay any amounts due under this Agreement and does not correct such failure within thirty (30) days of its receipt of written notice thereof;
3. Licensee ceases operations, makes a general assignment for the benefit of creditors or is the subject of a voluntary or involuntary bankruptcy, insolvency or similar proceeding (except for an involuntary proceeding that is dismissed within 30 days);
4. Any final non-appealable determination by Florida Department of Health, Florida Department of Agriculture, or any other governmental or regulatory authority that this Agreement is violative of then-existing Applicable Laws;
9
5. If Licensee fails to obtain, maintain or comply with necessary permits or state licenses, provided that Licensee will have six (6) months to obtain necessary permits or licenses before such right to terminate arises and Licensee shall have until July 1, 2018 (or such later date as may be established by Applicable Laws to obtain its initial state and local (if applicable) license to operate a medical marijuana testing laboratory. Notwithstanding the foregoing, if Licensee’s failure to obtain a necessary permit or license with the applicable time period results from the malfeasance or misfeasance of public officials in the relevant state, or from regulatory delays beyond the control of the Licensee, then the Parties will discuss in good faith extending such time period accordingly prior to Licensor’s termination right arising; or
6. Failure of Licensee to maintain all required licenses and governmental authorizations required for the conduct of its business or to comply in all material respects with applicable state and local laws, provided that Licensee shall is not challenging the same and there has not been a final non-appealable determination;
https://www.otcmarkets.com/filing/html?id=12217811&guid=DRRSUW-VfX1qZth
We know where 8chan posters are now. It’s like there are now 3-5 recent frequent posters who read the “internet research agency” papers on how to troll and they’re trying their best. It’s tough when you’re up against the guy who wrote the book.
Are you promoting your other stock clients in the Evio board or are you intimating you have insider non released material information on evio? Either way your personal ethics and character are on full display for all to enjoy as evidence.