Thursday, September 15, 2011 8:24:35 PM
To be fair, there has been a reduction in the authorized shares as well as a change in conversion rates for the preferred shares. Odds are that this is just giving the illusion that things are tightening up. I think that most, if not all, of the volume of the past few weeks is the company selling shares. After the splits, who else has them?
I'd suggest two things.
First, go look at the quarterly statements for EVXA that are posted on otcmarkets.com, specifically at the share counts. Then look at when the three splits took place. Check the math again. Strange, huh? Unaudited goes without saying.
Second, try to find a physical address for Con-X construction or Extractive Technologies. Try to find anything else about them that isn't from a press release. You can do the same for Creationworks, and that will actually get you an address (residential) and filings with Sunbiz, but not much else.
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