EVIO Inc (EVIO)

[winmeny]

The CEO has a brilliant plan. With $45k of cash on hand, he thinks he can acquire 18 labs in CA by handing out worthless preferred shares to the lab owners and the lab owners are really happy to give up their million dollar lab ownership in exchange for what so called "Preferred shares" from a sub-penny stock company in the Pinksheet.

Exactly. People think funding by convertible notes is just ay-ok. They don't seem to care about the convertible preferred shares either. They don't even bother to notice that they don't even know how much the company spent to acquire or how they got the cash to do it. Obviously more convertible debt will show up in the next filing.

The company didn't raise A/S to 3B for nothing.