They are a shell with patented processes. This is why they trade under a penny. They did, or we hope, what they needed to do to get the contract with BP. They attempted for months to get someone to finance them, but it would appear they have had to go at it themselves. They have received approval for the shares they believe will finance their objective and they have received approval from BP's test lab(TestAmerica). If you look at their past, they have always done what they could to be, or become, the big company that they want to be. Just read through their news releases. No one came to them, but they didn't give up and went to the action. They have "Red Bag", went after the oil tar sands in Canada (big money there) and now into the Gulf with the process they believe, and is now confirmed, to be one of the best extraction processes available. They have positioned themselves in the best position for their future and ours as investors. Heck, they even moved their buisness registry to Wyoming from Nevada because it has lower taxes and is more beneficial to their business. I believe they have some crazy revenue headed their way from BP and moving to Wyoming helps them keep more in their pockets than being in Nevada. ;-)
FYI, all of the BIG oil companies have agreed to use the same companies and processes in the future for oil spills etc. If EVXA has secured their place then I will be a very rich man. :-D
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