New Info, MUST READ 3/9/11
EVCA is in a "quiet period" requested by the third party they are dealing with. The third parties SEC lawyer as asked for this.
Jack tells me this is to keep EVCA from releasing information that will effect the share price at this time. The third party wants to work whatever deal it is commensurating with out any attempts by EVCA to spike the PPS.
With that said, huge news is on its way obviously. To me, and many would agree, the third party is likely a financier that is trying to establish a fair value for the stock as it is right now before determining how much money to fund, and what they will get in return.
The third party is in complete control right now according to Jack, so, with EVCA letting this be the case, its the equivalent of EVCA sucking up to whoever this third party is.
Nothing has been filed yet. The third party is waiting on EVCA's 10k, the latest share structure, and complete financials before they will finalize a deal.
Bottom line is, the third party wants to know what it can get out of EVCA for whatever it is they are willing to give, which is likely a huge amount of funding dollars IMO.
If a major funding deal is commensurated, the sky is the limit here.
If its not funding, but something else like a merger its still major news.
The smallest news I'd imagine it to be is announcement of a new line of cars to put on EVCA lots.
By the way, the Foyte news is not the news that is expected according to EVCA CEO Mack Sanders.
