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Replies to #4262 on EVIO Inc (EVIO)
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tarballmonger

08/24/16 2:04 PM

#4270 RE: Magnum7419 #4262

Classic sell the news activity. Profits are never a bad thing. Clear direction in a day or two. JMHO.
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GangstaRIB

08/24/16 2:44 PM

#4287 RE: Magnum7419 #4262

Could also be that Waldrop is releasing some shares right now if Adi can check the share structure at the end of the day. I think we're at 732M as of yesterday.

They likely used cash and shares to acquire the Cali lab. Anyone with half a brain wouldn't part with their M.J. lab without having skin in the game, so more than likely we'll see the o/s climb a bit. I'm sure we'll see an 8-K shortly with the details or it'll be wrapped up in the 10Q.

500 Customers generating revenue. SGBY quoted 700 at the end of July @ $1000 each in yearly revenue. I don't know what the N. Cali prices are for testing, but likely more anyway. IMHO the acquisition as it stands today is worth $500K yearly in revenue on top of the $700K estimated in July (assuming no new clients which we know will not be the case)