Futuris Company (FTRS)

[GreaseWD40]

Here is my take on Enviroxtract Inc EVXA

I have emailed the TA and the company contacts requesting an update or explanation regarding the current share issue and potential dilution. I believe that we experienced heavy dilution from late August until early last week. The key turning point for me was seeing strong buying on Thursday and Friday indicating to me that those "in the know" understand that the dilution of shares is complete and the time to BUY is now. This is simply my opinion but would make perfect sense. I hope that we receive news or even return emails this week.

-The well is now sealed.
With Well Sealed, Further Challenges Await BP
http://online.wsj.com/article/SB10001424052748704858304575497690008871132.html
"Finishing the relief well officially closes one of the most traumatic chapters in the British oil giant's 102-year history, but the company still has months of cleanup work and a barrage of probes that could be distractions for years."

-There is still oil in the gulf.
Why the Gulf Oil Spill Isn't Going Away
http://news.nationalgeographic.com/news/2010/09/100915-gulf-oil-spill-bp-top-kill-science-environment/
"Buried crude and undersea plumes suggest oil will persist."

-The oil sands in Canada is what you want to watch. Enviroxtract was aggressively trying to get there hand in the cookie jar and there is pressure from the US and Canada to have a better process which EVXA has.
U.S. ambassador urges cleaner oilsands
http://www.calgarysun.com/money/2010/09/15/15362936.html
"U.S. President Barack Obama’s man in Canada says the industry and government must do “more” to clean up the oilsands."

For a link to updated stories, links and videos regarding the oil spill in the gulf, be sure to check out http://www.floridaoilspilllaw.com

Here is a helpful link to all news regarding Enviroxtract. Yahoo seems to have the best collection of releases that i could find.
http://finance.yahoo.com/q/h?s=EVXA.PK+Headlines

I only invest what I can afford or am willing to lose. I want to make money just like anyone else. At this point I think we are due for some news and oil leaks, spills etc are not going to simply stop happening. I believe once the most recent round of testing is announced to have been a success, we will see a steady northern move in PPS. I plan to average down as I do believe we are near the bottom.

Good luck to all and lets see how this one plays out this week.