Eve & Co Inc V.EVE.H

Consumer Defensive Household & Personal Products

Eve & Co Incorporated is a Canada-based company, which holds cultivation and processing licenses for the production and sale of various cannabis products, including dried cannabis, cannabis plants and extraction of cannabis oil. It is a licensed producer of medicinal marijuana. It also provides educational information and online support for its customers and first-time buyers. Its products include The Boss Bath Bomb, The Dreamer Bath Bomb, The Lover Bath Bomb, The Optimist CBD Bath Bomb, Indica Blend, Sativa Blend, The Boss, The Confidant, The Creator, The Lover, The Adventurer, The Advocate, and The Free Spirit. Its wholly owned subsidiary is Natural MedCo Ltd. The Boss Bath Bomb has an invigorating blend of sweet orange, lemon, and grapefruit essential oils that come together to enhance and lift mood, reduce stress, and stimulate circulation. The Dreamer Bath Bomb has calming lavender and chamomile essential oils that help to reduce stress and anxiety and promote calmness.

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Eve & Co Inc > EVE...is it time for a 10 to 1 REVERSE SPLIT?

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Comment by BobbIeheadbobon Dec 04, 2020 9:18am

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Post# 32035828

RE:RE:RE:RE:EVE...is it time for a 10 to 1 REVERSE SPLIT?

Of course this is only an issue if there's a default with RBC .....

BobbIeheadbob wrote: I don't see how the shares being issued for that financing would have more rights that current shares and be on par with RBCs secured loan.

reallyBobbyZ wrote: RBC is a big factor but, RBC would classify the $7,920,000 as a "shareholder equity injection" which would clean up/improve EVE's
risk to them...a pretty good de-risking move.

RBC would probably keep the exising $18,700,000 million loan in place but ya never know.

RBC won't want to "seize" EVE property/holdings/equipment unless they are really upset...but who knows? RBC would have a tough time finding appropriate "contractor" to oversee the greenhouse until various steps are taken to get its $$$ back....could take 6 months to a year.

BobbIeheadbob wrote: Yup, you're bang on or close with those numbers . Financing would be difficult cause of the RBC loan because RBC is a secured creditor so the offer for financing would have to be sweet. .25 or .025 financing would be the high end I figure because they would be taking into consideration of having to pay off RBC if still couldn't sustain their operations and make payments

reallyBobbyZ wrote: EVE, maybe a 10 to 1 REVERSE Split at 5.5 cents is a good move?

That would shrink the current 288,000,000 shares to 28,800,000 and share price would be 55 cents.

Mel R would have about 5,600,000 instead of 56,000,000...same reduction as all the other shareholders...BUT, they would be worth
55 cents = $3,080,000. Mel R should be ok with that much...because that's the same value her shares are worth today.

Then, create 28,800,001 new shares you can sell to a SAVIOUR with DEEP POCKETS. Yes, creating those new shares will cause the share price to drop by 50% to 27.5 cents each and the SAVIOUR would have CONTROL but that would get EVE a fresh $7,920,000 to pay off that $6,000,000 in payables and have almost $2,000,000 left over.

Yes, Mel R's shares would drop to 27.5 cents each just like the rest of the shareholders...but she would still have $1,540,000 in EVE stock; still a millionaire!

EVE needs fresh $$$, why not?