I must admit that the EVRM news today is not what I was hoping for, but it is what I was expecting. We have been talking about how we have heard that certain things have gotten delayed with EVRM and the PR today provided ”official” confirmation of such.
There is nothing that any of us as an investor can do about such except to make the decision to… understand or not understand... sell, buy, and/or hold... be mad or be content or even happy for some. No matter how many “short term” high hopes any of us had for EVRM, things have simply changed… maybe. This is simply something none of us really do not know. It also appears that the company does not know when either, but is expecting something any day now as they have been waiting on some approvals for some things themselves.
The news today shows promise in my opinion that EVRM is very real and is really trying very hard to get closure on a few coals in the fire of which they believe they are right there. I think major news will one day be announced here with EVRM that will catch us all off guard and many will be back chasing. This is what I believe, which is why I will continue to hold.
The news today definitely confirmed in my opinion that they could get closure on something major as we all have been expecting any day now. I am willing to wait days, weeks, months, or as long as it will take.
This is the paragraph below in the news today that I think all should read each sentence separately line by line… think about what is being said… and read it again. I still think we are golden here with EVRM and I will continue to weather the storm.
http://finance.yahoo.com/news/The-Evermedia-Group-Reviews-iw-359122137.html?x=0&.v=1 …Likewise, we predict revenues from defense contracting efforts will increase in upcoming months as task orders emerge. We continue to place bids as either a prime or a subcontractor for logistics, engineering and IT projects to various U.S. federal agencies and the military. Many of our subcontracting agreements and contract awards announced in 2009 have yet to commence. Since most are large, multiyear contracts, we foresee longterm growth to our earnings as we progress and win task orders. Our near term revenues are difficult to predict accurately, and at present, we can only offer a longterm outlook due to the timing of task orders and nature of government contracting. However, we do expect to hear awards announcements in the first quarter, at which time we will be able to better predict our revenues for the coming year. …