Eve & Co Inc V.EVE.H

I am officially claiming foul play on EVE

[Phileagles11]

After looking at the sequence of the n/r's last month, something just doesn't seem right.

EVE knew that they were strapped for cash before the last quarterly financials were posted. They also would have known of any sales revenue coming in over the next few months.

Why didn't the company do the r/s at this time along with a pp to obtain cash? Instead, Meli completes a financing deal for $550k that pays her interest at a rate of 10% per annum AND then the company enters into a $1M financing loan with a private consortium of lenders where interest is payable monthly.

Am I missing something here? Shouldn't they have started with the r/s and pp before going out for loans?

[MJVigilante]

they should have, she would have got herself better terms.  Likley could covert at 45 or 50 cents insteads of the 60 she now has to convert at.  They may have been afraid to get themselves a better deal by doing as you suggested.   That is what made me feeel the RS was forced upon the,.  any greedy executive would have RS 1st, watch the price drop then do a pp.  Like

[Phileagles11]

I like your way of thinking but what does the r/s accomplish? Most investors consider a r/s bad news but it can be beneficial to a company. Hexo just completed a 4:1 share consolidation and the stock price has doubled since the r/s.  

[mystique1]

read why hexo price has increased..there are reasons.

[Phileagles11]

Hexo was not in a good position before the r/s and of course news/events have pushed the share price to where it is today.  EVE did a r/s almost three weeks ago and there has been no updates from the company. Nothing, nada. This company has been reduced to a measly 29m shares and for what? Volume hasn't changed and the new share price doesn't appear to have attracted any new

[mystique1]

this exec team is wonderful...Melindy tested the bath bombs and judged them winners ! Realbobby says we need 248,000 per month to break even. Melly are we near target?

[MJVigilante]

Hexo rose because it was undervalued with the Molson deal and people beleive in an hype the company.  Look at its losses and compare them to EVE.   the RS generally has a negative initial effect then it depends on sentiment / hype and actual resulst.  No MJ company has any real results yet, however some have hype.  EVE has to actual produce a viable company and soon or it

[Phileagles11]

Hexo did report a massive fiscal year end loss but they have major revenue, a partnership with Molson and will be ebitda positive with their next quarterly results. They have been transparent with their shareholders and are expanding their revenue streams. What has EVE done to address their decline in revenue? They added friggin bath bombs. Just give us an update (positive/negative) on the

[MJVigilante]

i think they are all new to this and don't really get what they are doing yet. That is definitely part of the problem.  Lack of experience may be the main part and most concerning to me.  but everyone starts somewhere.

[reallyBobbyZ]

How about the November 9 announcement of 5,000 kgs going to NextLeaf for extraction? We know just about ZIP about this ENORMOUS quantity of inventory that wasn't noted in EVE's Q3 financials. Was timing of Nov 9 "just late enough" to avoid "subsequent events" notes in Q3 financials? I expect a HUGE INVENTORY writedown in Q4 with the shipment that went to NextLeaf. No