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Tuesday, 01/24/2012 11:05:29 AM

Tuesday, January 24, 2012 11:05:29 AM

Post# of 54206
While I was doing my initial DD on EVDR, I ran across the following article. Sort of scary. Full of red flags.

Hey, it's a good thing we have all of these touts out there looking for these wonderful stock picks for us to throw money at, like Evader Corp (EVDR). This company which literally does nothing, now that it has announced the sale of its previously highly touted (by them) subsidiary, Avtar Singh Construction Company, is being pumped on two premises, both of which show how putrid the pimps who are touting this thing really are.

The first premise is that last summer, the company bought back 529 million shares from a majority shareholder. Well duh! All that happened is that the President bought back his own shares so that any cash due to the company could be put in his own pocket. Who do you think owns the majority of the remaining 436 million shares? And since that stock is in treasury, it will get reissued to hm or to whomever buys the shell, so the whole thing is a game anyway. EVDR was already promoted on this premise last July when the completion of the buyback was announced. The share price took a 90% nose dive since that PnD campaign.

The second premise for the current EVDR PnD campaign, earns touts, PennyStocksForDummies, MovingPennies and ActualGains a PIMP award, given to the tout(s) who exhibit the most disgusting display of stock prostitution. They receive that award for pushing EVDR shares on the basis of the company's wonderful ownership of Avtar Singh Construction Company, "one of the major developers of India, with strong ties to Provincial and Central Government of India". Uh, as we just said, EVDR announced last week that it had sold Avtar Singh Construction Company. Now we wonder who's dumber. The touts for not doing any research into the pieces of crap they're paid to promote, or the company for selling an asset that is supposedly so significant. Kind of makes you want to run out and grab a boatload of shares, doesn't it?

EVDR has not reported financials, or anything else for that matter, since last April and has been placed on the OTC Markets watch list. This means that it could be suspended at any time.


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