Eve & Co Inc V.EVE.H

No GUIDANCE!...down 27% today and tomorrow will be bad too.

[reallyBobbyZ]

Once we see the stock open tomorrow...presumably at 10 times today's closing = 40 cents, it will get clobbered again....a shorter's dream.

Why no GUIDANCE from EVE? Why this 10/1 consolidation on Dec 31?

Why "package" the 10/1 into the last day of a BRUTAL fiscal 2020?

Spidey SENSE is tingling big time....do they want the SP to crash?

What the HELL is the Board of EVE up to?

Who does this BENEFIT?....guess we will see.

[Jarred]

I think it's pretty simple Bob, they are consolidating shares so they can raise more money at a higher price than .04, it happens a lot and shareholders are usually the ones that suffer. Consolidations rarely work out. It's like when the average person takes out a consolidation loan to make their debts easier to handle, it works for a while but if they don't change their behaviour then

[reallyBobbyZ]

I hear you Jarred. But who is dumb enuff to finance/buy new EVE shares even at 3 cents right now? EVE is probably still burning $1,000,000 or more in losses each month. The next few trading days will shed a light.

[BobbIeheadbob]

Yes , they may be lucky now to get the financing at .03/share or .30/share after the reverse split. Most likely have to sweeten the financing at a much lower price now.....

[Jarred]

Bob, they are obviously in a tough position. I hope it works out for them as i would rather see companies succeed so they can continue to pay employees but they are in  tough right now. Any new financing they get will likely not be on great terms. 

[BobbIeheadbob]

I mentioned way way back that the CSE has a rule that financing can't be offered under .10/share. That's why I guaranteed a reverse split otherwise insolvency was inevitable. EVE still needs to get the financing which is difficult in this market and considering RBC is a secured creditor I also mentioned way back that a sweet heart price of .25/share to .30/share would most likely be in the