TSXV:EVE.H - Post by User
Comment by
MJVigilanteon Dec 31, 2020 3:35pm
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Post# 32205216
RE:RE:RE:RE:RE:Eve & Co Announces 10 To 1 Share Consolidation
RE:RE:RE:RE:RE:Eve & Co Announces 10 To 1 Share Consolidationlooks like they already secured 1 million. Lets see if they get the 2nd, or are able to survive without. We will know alot when Q1 is released in May? I thought the stock would have had a worse reaction to the consolidation. Good news i guess, hope it lasts intop the new year.
MJVigilante wrote: i can only guess, but if i were a betting man, i would bet that either they are going to turn the corner and are looking at listing in a bigger exchange, or that one of the contacting parties required the stock trade at higher prices, such as the over the counter provider in the states.
I only keep my sanity knowing that it wont be until the middle / end of this year (2021) before i can see if this company will make $ or bust. Until then it is painful noise. i am accumulating what i can afford to lose in hope that i get 10 times my return on success. If it wasn't for the small losses by comparison to their peers (which people are happy to own) i would already write them off. But many canabis stocks with similar sized facilities are writing off more in a quarter than eve has in its existance. They only need $1M / month in sales to be cash positive. They have much in the works with the cream / drinks / other 2.0 products just starting. they are EU GMP licensed, Some large companies are hemoraging big time and still find money in the markets, Eve raises $550,000 - likely just what it needs to get into positive territory i'd hope, though i would not be suprised to see an addition $2 million required by Feb, if they are to ramp up for new products / markets. Costs always preceed revenues.
Good luck and Happy New Years
Phileagles11 wrote: It has worked in the past but it won't for this company. Can someone please explain to me what is the benefit/reason for this share consolidation? It's usually done to increase the share price and attract investors but we're going to see even lower trading volumes (if that's possible) with the higher share price.
These idiots have absolutely no idea what they are doing and I'm not that much smarter owning shares in this pos.
If you're not happy, bombard their FB page because you'll never get any answers from this executive team.
Here's just another bs post on their page.
'She was powerful not because she wasn't scared but because she went on so strongly, despite the fear.'
Meli, you are far from powerful but you are definitely scared.
Happy New Year from Eve & Co.