Post by
reallyBobbyZ on Dec 30, 2020 4:41pm
No GUIDANCE!...down 27% today and tomorrow will be bad too.
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.
Comment by
reallyBobbyZ on Dec 30, 2020 5:00pm
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.
Comment by
BobbIeheadbob on Dec 30, 2020 5:03pm
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.....
Comment by
Jarred on Dec 30, 2020 5:04pm
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.