Replies to post #47440 on EVIO Inc (EVIO)

[fiveteenthirty]

This is where the reality disconnect gets grotesque. Evio management seems to believe that they have zero responsibility to promote the company, to regularly and clearly inform shareholders of their ongoing goals, refuse to provide any targets, refuse to provide any clear updates, refuse to update ongoing issues - complete disregard for anything resembling a simple mission statement. Nothing.

Just let everyone twist in the wind. Yet fully arrogant and confident that it’s sumply a matter of everyone else “getting it” somehow everyone is supposed to magically “get it” that their unspoken goals and mission statements never said will somehow magically manifest themselves spontaneously in hundreds or thousands of people’s minds. And finally then they will see your genius. Fantasy thinking. Deluded thinking. Silo thinking. Arrogance at its core. And a contempt for common shareholders that is palpable. It they’re returning the favor by continuing to dilute and sell off. So there’s the result of the referendum.

Will they change? Unlikely. My guess is hubris will win out and the shareholders will. Intimidated to suffer. Until this is something concrete out of this. They kept pointing to 2018 as some magic bullet. Now it’s next year. The one constant is management. The one. And the dilution and the price crater and the excuses and the no news.

[GangstaRIB]

I don't think the selling is coming from Canadian conversions at these prices. These folks have already been holding for a year or so (i'd have to look at the 8-k) and they bought in at .60 per share. Also there is an incentive to hold as interest is paid (probably in shares) at 8% per year. I mean it's certainly possible but it's likely mostly retail selling. Just think most everybody here is averaged in at over $1