1. EVLV will be getting delisting notice. 2. Bank will be calling loans in default on March 15, 2003. 3. Warburg preparing for pre-packaged Bankruptcy plan - they control 39 million in preferred ownership. And will control the company without any consideration to the shareholders. 4. Shareholders stock certificates are worthless.
This is why the stock is trading at almost 3 cents a share ($1.40). We should see under $1 this week as we approach March 15, 2003.