EVIO Inc (EVIO)

[GangstaRIB]

Must be doing pretty damn good the short trolls are back in action.

William Waldrop explained why the A/S was so high and it was to cover convertible debt notes when the pps was stupid low. In the email he stated he would need 40M shares at a penny to cash out all of the notes. This was from a month ago. He never said he would reduce a/s the day it reached a penny or whatever.

I suspect he will restructure a/s once the notes are paid or converted. I would personally like to see o/s drop to under 1 B. or so. This should leave enough room for employee incentives, expansion with more labs, etc.

BTW o/s is at around 732M as of Friday so this isn't anything the board is hiding its on the front page. Since the last 10-Q about 200M new o/s have hit the books and none of this is a secret. The market sucked it up like a champ 3-4 weeks ago and no more shares have been issues in at least 3 weeks.

Sure we are all waiting on the 10Q to see how much was raised and where it was spent but many of us speculate since there is no more dilution those notes ought to be written off by now.