I just have to re-post this. Can I get some opinions on it? It makes complete sense to me when and if a buyback occurs..
If people are buying @.0001 and the Par is .00001- the extra money
could be used to repurchase shares for a buyback. I'm not 100% on that
but if I am reading correctly, I think that is a possibility. I mean,
since EBOF shares were transfered to EVFR in restricted form, EBOF did
not transfer its shareholders and the shares they held to EVFL,
Correct? If so- doesn't that mean there are 22b shares (minus what we
own) "floating" around with a Par (face value) of .00001?? Unless
between the 185 we each own a average of 100+ million shares....
When they (EBOF) R/M with the private company (PAT LLC or somthing),
they formed this 'new' company (EVFL). In order to have a 'new'
company treated like a startup- you have to become one. They did this
and when they did they announced the share structure (pinksheets.com/
otciq/ajax/showFinancialReportById.pdf?id=22258). So instead of Paying
the shareholders of EBOF what was rightfully theirs, they instead
distributed restricted shares in a "escrow" (EVFR) and used the money
that will be issued to the EVFR shareholders in a year to aid in the
'new' companies goal right now. A private company will usually R/M
with a public company to avoid higher costs and dillution involved
with just becoming a public company- So why would PAT LLC R/M with
EBOF... You know they seen the high O/S and A/S (althought smaller
than the current), which really means they must have seen something a
LOT bigger to be willing to deal with the BS of EBOF's past dirt/share
structure. The IPO seems to have been taken care of by sweeping the
books ($15 million) instead of dillution by a share offering. EVLN's
offering, if filled will be the key as Kevin has said- it will mark
the next big step and afterwords we should see our first (maybe
second) big business move (not PPS) that will clear a lot more up.
Seriously though, how low can a Par Value go before you might as well
say the share is worth nothing? There has to be a limit, is .00001 it?
Why even assign a Par at all, if the Value you do assign is so low?
Has to be only 1 purpose for that, to buy "floating" or loose
shares... which is why a Par Value of lowest value, if any, is
recommended for a startup Justin-case they need to reduce the O/S
without costing a rediculous amount of money when the company has no
real Revenues to work with in the beginning.
What not to forget is they have $15m in cash which we should see
something being done with soon. It's hard to speculate the best use of
the money with the little information we have but everything I can
think of it would take care of- is just one more BIG step before the
real show gets started. Durant? Share Buyback? court fee? Retail
Stations? I feel I can count out retail stations at this point. I
think there is one more company which Dennis owe's money too.. I could
be wrong though, which I hope I am. If I am wrong- Durant would make
the most sense as it would show potential investors in EVLN that EVFL
is more than just a dream with some buildings. Durant is what made
them fail before. Durant is the Key to substantial revenue. I don't
know why a buyback would matter to them right now as their not trying
to raise money via an Offering through EVFL (what they going to offer
another 20b shares @ .0001 for a whopping $2 mil (even tho face or par
value is much lower). The only thing that gets me is since they are
signed up with the University for a patent on Wood fermentation,
Wouldn't they want to wait to outfit the Durant plant (which I think
was being geared up for feed stock) with the right equipment to
utilize the new method?
AI
