EVIO Inc (EVIO)

[Alan Brochstein]

This is a terrible investment in my opinion, but the company doesn't want me to express my view, which I find disturbing, as the company's lawyer has sent me a cease and desist letter claiming I libeled Signal Bay by posting on IHUB. The company has seen its share-count blow up with the addition of hundreds of millions of common shares and the addition of lots of preferred shares. The book value per share for common holders has declined as well, as is evident in the most recent 10-Q:


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11593612

As of 6/30, the difference between all of the assets and liabilities was just $150K, but subtracting non-controlling interests left a Total Stockholders' Equity of -$49K. A year ago, with half the number of shares, the company had a deficit of $30K. More shares, less value per share. Fact, not opinion.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10865613

CEO William Waldrop is buying companies left and right using stock and preferred stock, and it is my opinion that this won't end well because the company continues to have convertible notes on the balance sheet.