EVIO Inc (EVIO)

[tarballmonger]

A few thoughts for ya:

1. Dead cat bounces (for future consideration) are minimal bounces off of sudden and severe drops. The drop to the low 20s was certainly severe but a bounce back to low 40s is a correction. (I know some clairvoyant here keeps yapping about buying .19 but the low was put in @ .21)

2. Ok, now that evio has corrected, what can be expected?: Guessing the actual revenues for this company without any current guidance is a crap shoot at best. I understand your $4M projection based upon the last words we have heard from dubya, but it is this long vacant pause since then that has me concerned. Too many times in the past few years his highness has issued us encouraging prs that have stood silent until proven to be much less than what was hinted at.

3. With your $4M annual revs (please note I'm still using 35% margins (which in evio's case is immensely generous) and an OS count that does NOT include all of the preferred but does include estimated remaining Canadian debentures- TAR would put a value of $.65.

4. So, without the benefit of actual reporting, the present level seems quite reasonable. In the absence of unexpected new bad news, I think that either modest accumulation at these prices or just waiting for better discounts are fair strategies.

5. evio is no longer an investment. It's a gamble. The long term business plan has blown up and we wait for the new and improved evio road to riches plan.

JMHO
GLTY