Evome Medical Technologies Inc V.EVMT

Full Circle

[Zibo510]

30 days ago the SP was. 22, and then the shake started down to  .15 and now we're back to  .22

In those 30 days 6,001,017 shares traded, which is huge volume for this stock over 10% of the I/O 56 million shares. All this volume on no significant news. 

Had this been a sell off because of some undisclosed reason the SP should be somewhere around the bottom (.15) 

Beacon acquired a net positive position of 1,165,00 shares and haven't sold a single share since other than a 100K cross trade which they probably still control, despite a 50% return.

BMO has acquired a net positive position of 872,983 shares and have been the biggest buyer of stock up till today. 

So the bottom line is whoever has been trading through BMO, Beacon and Anonymous have been controlling the trading of this stock accumulating all the shares they can on the way down and now on the way up. 

All of this action on this Micro Cap under the radar company and all happening on no news, but just prior to Q4 financials which should be released in around 2 weeks and Q1 financials in about 2 months. 

Looking very good as far as I am concerned. 

House Positions for C:EVMT from 20240215 to 20240315

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
87 Beacon	1,265,000	191,750	0.152	100,000	17,000	0.17	1,165,000	-174,750
9 BMO Nesbitt	1,561,083	305,543	0.196	688,100	127,346	0.185	872,983	-178,197
7 TD Sec	477,059	88,902	0.186	205,778	40,373	0.196	271,281	-48,529
79 CIBC	956,500	172,316	0.18	754,050	142,998	0.19	202,450	-29,318
2 RBC	194,800	38,618	0.198	100,234	19,210	0.192	94,566	-19,408
89 Raymond James	50,000	10,000	0.20	0			50,000	-10,000
33 Canaccord	140,500	27,480	0.196	104,000	20,882	0.201	36,500	-6,598
19 Desjardins	36,405	6,868	0.189	1,475	273	0.185	34,930	-6,595
85 Scotia	257,300	49,672	0.193	252,200	48,947	0.194	5,100	-725
57 Interactive	3,000	675	0.225	0			3,000	-675
124 Questrade	8,395	1,714	0.204	7,500	1,535	0.205	895	-179
84 ITG84	3	0	0.00	0			3	0
59 PI	440	88	0.20	1,102	222	0.201	-662	134
53 Morgan Stanley	938	180	0.192	10,000	2,000	0.20	-9,062	1,820
14 Virtu ITG	12,138	2,604	0.215	27,025	4,992	0.185	-14,887	2,388
80 National Bank	31,406	6,074	0.193	69,242	12,546	0.181	-37,836	6,472
1 Anonymous	1,006,050	189,379	0.188	3,680,311	653,539	0.178	-2,674,261	464,160
TOTAL	6,001,017	1,091,863	0.182	6,001,017	1,091,863	0.182	0	0

 

 

[Inobambino]

Thank you for the insight and chart, I took a couple opportunities to purchase some more stock at a great price this past month. I am looking forward to Q4 financials and the next earnings call to get a sense of how much more progress the new management group has made on this turn a round. I am also wanting to hear more about the new product launches, when will those hit the market and forward

[Zibo510]

I think you made a good decision to pick up cheap shares, I did as well between  .17 & .18 and got my average down to  .19 I believe they have already launched the new Biodex products and have projected a 7% increase in sales, of course they didn't state 7% of what amount.  This management has been very careful to not mention any $ values regarding revenue or sales volumes

[Inobambino]

That's a good average, mine is around .55 as I bought half of my shares when this stock was closer to $1. I'm not stressed, this isn't a short term investment for me. How does that math on that price to sales ratio work ? I vaguely recall BC saying industry peers traded closer to 6x, perhaps the market has changed since for small caps in this category. As long as they keep paying

[Zibo510]

Price to Sales formula  I/O shares x Share price ÷ Revenue  At  .22 we are around  .15 x sales  Personally I don't think you'll have to wait to long to break even. 

[TheProphetElijah]

Well from a TA perspective we retested and held at .15 and formed solid double bottom from Sept. Chart appears poised and ready for a steady uninterrupted up trend.

[TheProphetElijah]

Someone has to take that wall down at .22

[Zibo510]

Prophet I don't think it's so much that it's a wall @ .22, it's just Anonymous still at it, they've been hitting the bid every time the SP moves up. Now that we seem to be back to normal low volume trading it's easy to control the SP. BMO is still buying and it seems Anonymous is filling a lot of BMOs bids. Between the two they are still controlling the trading. I don