Value Microcaps Motherboard

[abh3vt]

Hweb, I think the recent convertible deal has probably soured the near term outlook for EVNSF:

http://biz.yahoo.com/bw/060222/20060222005382.html?.v=1

A total of 10MM potentially new shares appears to be quite dilutive, based upon last year's fds count of 28.4MM shares.

Had been on a run rate of roughly 0.02/qtr....now, its possible that it may be closer to 0.01 - 0.015/qtr.

Stock had gotten ahead of itself in the 0.80s, IMO. Very conservative valuation at present, but probably not unjustified given the poor operating history here and the need for a convertible loan.

On the plus side, I wonder if this money was used to pay off the Cornell Capital note?? Anyone more familiar?