For every million shares pre RS You now have 500 shares
This caused two serious problems
First problem is it now has No liquidity because there are not enough shares in circulation to trade with.
Traders will not touch a ticker that has no liquidity because they don’t want to buy and then be stuck not being able to sell it.
The second problem is it lost a large percentage of it’s shareholder base who either sold on the day the RS showed up on the daily list or shortly after the RS.
The company now has the daunting task of rebuilding it’s shareholder base.
However new investors should read all of the DD below to help them make a decision.
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This company may need to fund any future business operation with convertible debt (aka toxic financing). This trading level is not sustainable with convertible debt.
Every million shares of conversions now is equivalent to 2 billion shares pre RS
Also note NOT EVERYONE is allowed to grow hemp-- FYI-- there are permits issued. Just because you "want to grow" does not imply that you will be permitted.. Especially in non 100% legal states.
Company has not provided any details on its proposed HEMP growing business.
What are the GROSS calculations ? What are the NET calculations ? What are the costs for LAND,TAX,Maint,Personnel,Equip,basic materials etc.
”6.) NO reverse split: Trina's comments pertaining to the share reduction were as follows, "I strongly realize the importance of keeping dilution to an absolute minimum and strengthening our internal capital structure. I promised the investment community a month ago to reduce up to one billion shares of issued and outstanding common stock and proud to say at this time we have accomplished that goal. Our public float has decreased significantly in this share reduction process which makes my other notable promise to the investment community of not reverse splitting EVSV shares an absolute reality."
Additionally Trina stated, “The BOD met last Tuesday and no plans of action were taken or resolutions adopted to reverse split EVSV common stock nor was there any interest in doing so in the foreseeable future as stated in January in our “letter to shareholders”. I personally feel our underlying common stock was truly undervalued and disconnected from the market place from a valuation stand point due to the concerns of the investment community of a reverse stock split. Our stock price and sales revenues are currently trending upwards which is very exciting. Management truly appreciates our shareholders and investors and is grateful for your patience and unwavering support going forward as we work diligently to have a record 2017.”
“no plans of action were taken or resolutions adopted to reverse split EVSV common stock nor was there any interest in doing so in the foreseeable future as stated in January in our “letter to shareholders”. pic.twitter.com/65WtaUiHh9
CHRISTOPH ANDREAS TRINA (BUBBA TRINA,CHRIS TRINA,CHRISTOPHER ANDREAS TRINA,CHRISTOPHER ANDREW TRINA)
Sanctioned by: STATE OF ILLINOIS, ILLINOIS SECURITIES DEPARTMENT Sanction: Prohibition
Sanctioned by: FLORIDA DIVISION OF SECURITIES AND INVESTOR PROTECT Sanction: Suspension Sanctioned by: MISSOURI SECRETARY OF STATE-SECURITIES DIVISION Sanction: Cease and Desist/Injunction Sanctioned by: INDIANA Securities Division Sanction: CHRISTOPH TRINA AND GUNNALLEN FINANCIAL, INC. HAVE AGREED TO BE BOUND BY A RESTRICTIVE AGREEMENT THAT REQUIRES STRICT SUPERVISION OF TRINA BY A REGISTERED PRINCIPAL PHYSICALLY PRESENT IN THE SAME OFFICE. TRINA IS ALSO PROHIBITED FROM EXERCISING ANY DISCRETIONARY AUTHORITY OVER ANY INDIANA CUSTOMER ACCOUNTS.