Replies to post #54077 on EVIO Inc (EVIO)

[GangstaRIB]

I dont think bankruptcy is a worry at the moment but the pps getting crushed certainly is

They do not have any loans to financial institutions. Thats usually where bankruptcy comes into play.

The convertible notes are high risk that's why i always say they are amscot payday loans. They are also super high reward as you see by the o/s swelling.

They are only backed by the securities themselves and that is all the note holders can sue for is the printing of securities they cannot come after assets.... well they can but they would lose in court.

[FourHrWorkwk]

The last numbers we have are from six months ago, when they had growing revenue and dropping SGA

We don’t know yet how they did this harvest season - testing both cannabis and hemp for the first time. Don’t know what vitamin e testing will do. Don’t know what edibles legalization in Canada will do. Dont know what USDA will do. Don’t know if there is more to the steep hill deal - who just handed them cash and now they are partners. Convertible debt is falling off the books.

If after all that they are still short on cash, I bet there are 50 companies who would happily acquire them for under $0.20

I said in prior post, I’m waiting for bloodbath to end then averaging down. The more I think about it, the better this is looking. I see potential for 10x from these levels.