Eve & Co Inc V.EVE.H

Awesome end to the year...

[Spectra7]

R/S @ 10-1, then management puts the death nail in the company with loan terms of 15% & 11%....UNPAYABLE UNTIL THE 2ND YEAR. Overnight rate sits @ .025%. I would love some of this action. It would be very interesting to have full disclosure of "names" in the consortium members. My humble guess is that it would include insiders willing to double dip as this entity runs into delisting and eventual bankruptcy. Jmho. Save what you can...if you get the opportunity. Cheers S7

[Jarred]

Let's say you are right and insiders are part of this consortium. Would they do this if they thought the company was going bankrupt?  They would have better insight into this than most would. 

[BobbIeheadbob]

Loaning money @ 20% interest and being a secured creditor is a helluva lot different than buying shares on the open market ......

[Jarred]

It is a lot different but there is still massive risk if the company goes under. Picking at what's left over after bankruptcy along with RBC is not something that's very attractive. 

[BobbIeheadbob]

But an ordinary shareholder will get nothing ......

[reallyBobbyZ]

Not necessarily "insiders".....but "family" or close acquaintances would be my guess. How "arm's length" was this loan? Natural Medco is the licensed producer and owns the 1,000,000 sq ft greenhouse. The loan was to Natural Medco...not EVE. If EVE goes bankrupt...no big deal to the "consortium". Natural Medco is the PRIZE! If you've loaned it $1

[CanadianJrs]

I think you hit the nail on the head here. Run it into bankruptcy and buy the remaining shares for pennies and own 100% of her business again. Shrude move but makes sense. Now she and her private lender will be lean holders on the assets too and pretty much be paid to take the assets off the bag holders hands.  This will dump large in the coming weeks. I will be finally cutting my losses

[reallyBobbyZ]

Yup....my thoughts too. Going to have my lawyers do a title search on the Natural Medco property/greenhouse first thing next week. Might be interesting. Might shed some light on who got the security/did the new loan. Cheers,  Bob

[GhostOfGoldy]

Wtf you losers are relentless. Heres a new years resolution for you sallys, get a real job.

[CanadianJrs]

Lmao from a guy with a 3 month old profile. "Lol" is all I got to say to your comment. 

[GhostOfGoldy]

Sure bud, that all you got? Im sure this is just one of your multiple profiles you pull out when you get suspended...which is what your daddy should have done, pulled out.  

[BobbIeheadbob]

The failure to make the required payments to RBC along with the private lenders making a Loan that is secured by the assets of the Company and NMC and guarantees and is expected to be used for general corporate purposes should raise major alarms. Not sure if that's even legal .......

[BobbIeheadbob]

Since this is a publicly traded company it appears somewhat illegal that a failing company would reverse split the have secured private financing against the assets. The real nail in the coffin is the RBC secured loan also which wouldnt normally be a factor because most publicly traded companies don't have secured loans through a Bank. Appears Melinda has a plan and it's nothing for the