SuperClear, I have been reading this board just for the past two weeks. Typical stock board, reminds me of the raging bull boards back in the day. Anyway....I have owned EVIO for past 7 months. Actually the analysts at Angel publishing turned me on to EVIO in early February. I have long shares, and shares I have sold when I was up 20-30+ % and bought back in on dips. I know that Angel Pub has EVIO in two of their portfolios. My guess today was someone or some entity, unloading shares to drive price down only to re buy tomorrow. I can imagine someone, or some entity, buying in at .25-.30 and unloading today for a triple bagger only to rebuy tomorrow possibly under .60. Not a bad move actually. It still seems to be in the mode of buy on rumor sell on news. I have no idea. But....here is an article from Angel Pub yesterday:
Finally, I promised an update on EVIO. I’ve reached out to my contacts in Henderson and gotten a little color. But again, they’re not able to tell me exactly when the reports will be filed.
So I’ll just tell you exactly what I’ve been told:
Management and the board of directors are working directly with the principals of the new audit firm to complete the annual audit and 10K. We believe the audit should have been completed by now and have developed a detailed action plan to drive this to immediate closure. As previously mentioned, the numerous acquisitions completed in the prior fiscal year created extensive complexity and dependencies that had to be addressed prior to the auditors being able to move to the final stages of their audit.
So, basically, I got told the same thing as before but in different words and with one detail I didn’t hear last time.
Management and the board are working directly with the new accountant to get this done ASAP. That’s a lot of muscle and influence showing up at the audit firm. And it should encourage them to get the reports out very soon.
But while we’re waiting on the reports, we’ve seen EVIO come back from around $0.20 to over $0.70. And we have some other good news to tide us over.
EVIO has a new lab in Costa Mesa, California. It should be ready for harvest season.
The Massachusetts lab is nearly ready to start processing as well. And the lab in Portland that had some issues from the early 2010s hanging over its head is in the clear to keep operating.
Plus, the company recently inked two licensing deals with operators who paid $500,000 each upfront to get access to the EVIO brand.
I’d say we’re still looking pretty good. And if you took my advice and added shares in the $0.20s, you’ve tripled your money in just a few weeks.
When the reports do come out, we’re going to be starting the rally from a much higher place. And that means the rally’s likely to take us even higher than I’d hoped.
I hope this helps to take a little edge off. I am anxious as all of you and have no idea what to think other than my gut and the really savvy people I know who are now invested in EVIO, Angel for example dumped their shares when the big melt down just happened. I do not think they dumped their shares this last go round. These guys are very well read and as savvy in this market environment as one could hope to be,
Stay long, stay strong,
Cure
