Replies to post #25075 on Evcarco, Inc.(fka EVCA)

[sevenOdouble]

But in a sense its EVCA that is issueing "new" shares each time when they trigger a drawdown.
Do they have an obligation to disclose that?
I mean with the first dd they gonna release about 15mil (+-0.016)/250k, with the second 0.025=10mil/250k and so on.

Ok, the SP should rise after every new dealership opens, so therefor less dilution each advancing step of the way, but how many shares will they have issued when the 10mil from Auctus is spent on their progression?

In my example alone EVCA needs 25mil Shares to open 2, just saying...

But on the other hand if "we" keep it at an high enough level then they won't have to issue so much shares...
Higher prices are good for EVCA, Auctus, shareholders, everybody happy!!

Moral of the story: WE NEED CONSTANT BUYING... ;-)

GN & GLTY

[benosufan]

Example amount of shares for each draw down.

First, There will be a minimum pps at which they will not be able to sell shares!

"Auctus shall immediately cease reselling any Shares within a Drawdown Notice, if the per share price falls below minimum set in such notice by the Company, at its sole discretion."

Also, the amount they draw at each request is the greater of either $250k OR (200% x 10 day Average daily volume). The amount of shares to be given to Auctus will be based on the lowest pps the next 5 days following EVCA's request to Auctus for draw down. Equation looks like this:

EVCA receives $$$$ (250k or 200% x 10day ADV) = PPS x X amount of shares

PPS equals 93% x lowest closing pps in 5 days after request (Auctus gets a 7% discount right off the top)

Amount of shares comes from here: $250,000 or (200% x 10day ADV) divided by the PPS.

Example based on Friday's close: Let's use $250k as amount they would get from draw down.

$250,000 = (.93 x.0174) x (x amount of shares)

To get amount of shares take 250,000/.0161 equals 15,527,950 shares.

Simple math but may look complicated. Obviously the higher the PPS the less amount of shares it will require EVCA to release to Auctus. I just wonder what that minimum PPS is going to be.....maybe the PR Tuesday will have all the details.

Hope this helps everyone understand how many shares could be added to the float for each draw down. Just thinking if they only qualify for $250k each time, they would have 40 draw downs to reach $10M. Of course, I would suspect if their business succeeds and rev's pick up the pps would rise and fewer shares would be needed for each draw down. Also the amount of money they would obtain from Auctus would go above the $250k as the pps increases.

Please correct any errors here. Thanks.