TSXV:EVE.H - Post by User
Comment by
reallyBobbyZon Jan 22, 2021 1:58pm
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Post# 32360836
RE:RE:Reality Setting in.....Eve is never going to succeed.
RE:RE:Reality Setting in.....Eve is never going to succeed.Hey MJ....the difference is that a BANK gave ZENA the LOAN. EVE is not "bankable" right now. RBC gave EVE "a pass" last Summer when EVE didn't meet the requirements/ratios of their loan and that "pass" expires in March 21 [as memory serves].
And, EVE didn't pay "10%" for a loan....on the "Mel R" money they pay 10% interest and lucrative warrants. On the $1,000,000 loan [Dec 29/20] the security is the Natural Medco greenhouse and the rate is 15% plus expensive setup fees. MJVigilante wrote: It may be true, that is precisely why risk is high and rates paid are high. Look at the latest thing to happen to ZENA (which by the way i feel is good news) TD gives them a revolving LOC at prime plus 7.55% or 10% whichever is greater. (min 10%)
Melinda has similar risks with this business and gets 10%, why all the greif. The news gets ZENA to go up, while EVE gets the same news and price goes down.
I agree the prospects appear dim, but if you have been in from 26 cents you should stick around until Q2 is released. By then if they are not making a profit it would be time to bail. To each their own but it seems like a waste to me. Q1 should have over 1.5 million in cash revenues to show some improvement.
ttboy29 wrote: I had high hopes for Eve when I got in years ago, but it is clear that this company can't actually deliver on anything and is destined to fail. A loan they can never pay back,no revenue, no supply aggrements, Germany failure. There are no catalysts coming to save this company.
There are an awful lot of people wasting a ton of time bashing this worthless piece of garbage stock. Mellinda must have really peeved off a bunch of people to get the constant barrage of attacks. It is easy to bash EVE, I just dont understand the ROI in doing so.
EVE is clearly in big trouble with virtually zero chance of recovery. I guess a bit of money can be made shorting this on its death spiral. other than that Eve is a complete waste of time and for me money as i willI will never see my post rs $2.60 average met again.
I wish i was wrong, but Reality Setting in.....Eve is never going to succeed.