I think that this recent EVRM PR was solid and was another shot of credibility into the arm of EVRM. However, it doesn't matter what I think. It matters most what the market thinks. In my opinion, I think the market wants to see more meat put on those bones. Let me explain a little further.
When I first read the PR, I understand that it is a huge shot in the arm of credibility for EVRM to be awarded a teaming agreement with an international information technology (IT) business provider to service the Chief Information Officer-Solutions and Partners (CIO-SP2i) contract providing IT solutions to the National Institutes of Health (NIH) and other Government Agencies with a ceiling of $20 billion.
This is huge for the “operational perception” of EVRM. However, it doesn’t bode well for the ”market perception” of EVRM. This recent EVRM PR leaves the market wondering if EVRM is going to get a small chunk out of that $20 billion ceiling or a large chunk. When they continue to release these types of PRs with just the bare bones, but with no meat on the bones, then the market is forced to presume the worse. Their piece out of that $20 billion could be $5,000,000 per year over the life of that contract or $5,000 per year, but the company leaves the market with no choice except to insinuate that EVRM’s piece must have been for only a very small dollar amount or else they would have been ecstatic to announce their amount that’s to come from the contract/teaming agreement.
Until they get this piece resolved once and for all, any move upwards could prove to be very slow to stagnant from these price levels. I’m still here and I am sentimental fan for EVRM that one day they will really drop the news that many of us have been waiting for over the past few years.
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