Eventure Interactive Inc. (fka EVTI)

[Sgreg]

Here are the complete facts about the share structure and potential changes to the share structure. First the current authorized is 1 billion. A proxy was filed a few weeks back that gives the authority to increase to two billion. This is a SEC filer so they must give shareholders a "warning" before they even change it. The proxy filing was the warning. Once the warning is given then after 20 days by SEC rules they can then raise to 2 billion at any point. It could be a day later or a year later or whatever. Also it will be known once the authorized is actually raised because a share structure change will have to be filed to the SOS. Also an 8k will have to be filed. Because this is a SEC filer there is a 2 part process. One authority must be voted on and then made public, which has happened. Second it then must be enacted, which has not happened yet. As far as a reverse split it is the same process. There has not even been a proxy filed to even give the authority to do one and give shareholders the required warning. Until and if there is at least a proxy filed then reverse split talk is very pPremature. They also could choose to go pink down the road and they also can receive a 180 day grace period to regain the QB bid compliance. Another thing and again this is a SEC filer so they have an auditor. Auditors require huge amounts of authorized shares for a company to keep in its treasury when a company has convertible notes as this one does. My disclosure is I have flipped this stock several times over the past month or so. Recently I started accumulating to build a position. If all the sudden the stock runs I have enough to make sizable gains. I at the same time would much rather have a lot more shares but I would like them lower. I am really indifferent right now whether the stocks goes up or down right now. I have a plan for both. Honestly I would prefer for it to go down.