Thanks Bulldog27, I am somewhat new at this. I notice Mr. Wingett is no longer asking for the 4 Million dollars on his LinkedIn profile. You know I am starting to wonder if any of these OTC stocks ever pan out to anything. I mean I have looked online and I've found mixed opinions as to the legitimacy and success of OTC stocks. I think I was more confused after trying to find my answer lol. I notice on EVXA's most recent quarterly they value the Intellectual Property at $2,064,707. Do they have an extraction machine/technology that isn't obsolete or actually worthwhile in any standard? In this clip from the quarterly it says....
Management recognizes the challenges and limitations in raising the significant capital necessary to engineer and manufacture commercial and industrial implementations of its technologies. The Company is not currently in a financial position to undertake direct commercialization of its technologies due to these capital restraints. Under its current business model, the Company plans to license its technologies to appropriate companies and government agencies already involved in the implementation of environmental cleanup and mitigation technologies and willing to invest the significant capital necessary to manufacture equipment utilizing EnviroXtract technologies....
So does this mean they have the technology patent/license and maybe a protocol model and that's it. I mean the corporate address is a house, so where would the protocol be, in the garage. So basically EVXA has the design/license for this technology and they need someone to fund them in order to produce these extraction machines? Or is this a pipe dream and they just need a good story to sell shares lol. This is what I'm starting to think about all these penny stocks. Once again I am somewhat new at this, so this is just my opinion/frustration. Thanks again Bulldog27.
IMO
