Water Boarding

[DiamondFire]

Uptankage level 7 out of 10: EVGI. 

imo and on the scale where ATRN is a 10 out of 10 lol!:


I am liking the Story and some of the facts here in my preliminary DD on EVGI. So here is a basic summary of what I am seeing with this one: please be brutally honest with any gapping holes in my initial analysis guys, gals and hopeful nurses out there lol:


1).  EVGI is an OTC QB stock. The OS is not bad @ 79 million.....and best of all float is according to IHUB 31 million...and according to OTC site 14 million: either way a very nice, tight but still liquid float that certainly moves like its small based on the last week of trending up really on less then 7 million total shares traded:

http://www.otcmarkets.com/stock/EVGI/company-info


2). This traded with volume around a dollar 6 months ago. I wont claim the 52 week high of lol $15 cause there was little to no volume. To me though $1- area is a fair real world/volume comparison - and they are much closer now to bringing in some serious revenues NOW then when the pps was at these levels.

So according to Buckhunter's 'Delta' Uptank requirement of a 1000% below high of year...this easily clears this hurdle.

Also the chart is coming off year low of .0241 which it only visited for several minutes....for all intensive purposes .03 is the real tradeable bottom: so never went to .02's or even .01's and subpenny, meaning a couple dudes didnt load up lol like a million shares around a penny to be maybe continually dumped on the way up. And speaking of the chart, new volume is increasing NOW compared to last several months, and also check out the one month, as it could be the start of The Reversal, as the indicators are starting to turn up (click on the one month tab to see this...and yes I am old school and like this sites charts as I can quickly see the 5 day and 10 day chart...as well as monthly ones):


http://www.thehotpennystocks.com/Stock-Quotes/default.aspx?stock=evgi


3). Speaking of revenues, what makes this a good risk vs. reward play imo is that it has a $12 million order for their biofuel on the table NOW....due to start production no longer than April lol Fools Day: hope I aint fooled by this one.....but this is a great foward looking event on the one month horizon, and stocks often run up to such events. Also if their entire first 'batch' is already wanted, needed and "bought and paid for" - so even after this foward looking event there could be other orders if the demand is so high....from the Feb. 8th PR:


GROVELAND, Fla., Feb. 8, 2012 /PRNewswire/ -- Eco Ventures Group, Inc. (OTCBB: EVGI) announcedtoday that it has a production update regarding its Blanket Purchase Order from Agri Liquid Products of Sandy Hook, Mississippi.  The purchase order agrees to purchase all of EVGI's initial 3.6 million gallon per year production for 120 days following the plants first fuel production.  The purchase order is for ASTM Fuel only and EVGI must now begin production by April 1, 2012.  EVGI is in the process of completing its bio fuel production facility in Groveland, Florida.  ASTM Fuel is currently selling at an average price of $3.35 per gallon.  At current market prices, the purchase order is valued at approximately $12 million dollars.

"This is an important purchase order for EVGI and we expect production to begin in early Q2.  This confirms our commitment to the bio fuel market and its continued expansion," said Randall Lanham, CEO of Eco Ventures Group."


http://ih.advfn.com/p.php?pid=nmona&article=51089407


...now they first PR'd this deal back on December 21st, 2011 - so at least they have been working towards this goal for a documented period of time...meaning to me they are that much closer to their goal here.

They also are invested in environmentally safe extraction mining:  "EVGI concentrates on two core business activities. EVGI's Eco Minerals Recovery Group specializes in the extraction of precious metals from ore bodies and reclaimed mine tailings" ... but lets put this aside as I think most all of the interest is around the hopeful real $12 million order to do with their biofuels....


4). EVGI has accessed funding through a stock purchase agreement of restricted shares at a pps of $2.50 and conversion price of $1.30 Common stock....that bolsters extreme confidence to me as to where this going up at least from here - perhaps way up:


"On September 22, 2011, the Company announced that its strategic funding partner has agreed to convert the $15.3 million financing from a loan to an equity investment.  The funding group has determined that it is in their best interest not to fund the Company via a loan, but through a Stock Purchase Agreement for 6,140,000 shares of Series B Convertible Preferred Stock from the Company at $2.50 per share, bearing an 8% annual coupon.  All other terms of the funding shall remain the same.  Upon full conversion of the Preferred shares,  the funding group will receive 11,760,000 common shares (a conversion price of approximately $1.30 per Share of Common Stock) which will approximate 20% of the Company’s issued and outstanding Common stock.  These shares of Common Stock are currently issued and are being held in escrow and there will be no further dilution to our shareholders as a result of this funding.

The funding group will also participate in a profit sharing agreement for 12 months after the Preferred Shares are converted.  I n addition, the Company will give the Dvir and Stoler Refinery (an affiliate of the funding group) an exclusive contract for a period of three years for the Lender to purchase refined gold from the Company at a 12% discount from market price extracted from the Company’s 300 acre ore body in Nevada, contractually held in a joint venture with Broken Hills, LLC, a Utah based mining company.
 

Proceeds of the equity investment will be used for general working capital purposes and business expansion."


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8144632



5). Finally I dont see any newsletters pumping this. In fact on 'The Hot Penny Stock' website that I like to use for my charts, they have a 'Stock Chat' section right next to the chart, and in the last week since this little mini-run has started not too many flippers are in on this one....I think the pps a little high for some. Also even the IHUB EVGI Board has a relatively small number of posters posting and not even in the top 50 most Read. I think a break of a dime would I think change this in a hurry:


http://investorshub.advfn.com/boards/most_read.aspx



...thats it for now, and to summarize what I like about the Uptank Potential for EVGI for the next one month at least:

Small float, chart just now curving off year low with way-above average volume, big foward looking revenue news not too far away, financing already done and at a conversion price of $1.50 a share, an OTC QB stock that is not in any newsletters, and that has gone up now 100% in several days on only several million in volume.

SO: imo my fellow UPTANKERS! DD it, and if you like it consider buying in on the dips like today when they were immediately eaten up....lets see if this trend continues!

And always invest in what you can afford to completely lose...!