Why is it that every other post concerning this small pile winds up "praising" EVSP with such faint damnation?
The last time this company posted financials (which are supposedly being restated), it had something like $24,000 in cash and $8.8 MILLION in liabilities, some bearing 10% interest. The bank "overdraft" was more than twice the cash (presumably in another account). In some states, merely writing a bank overdraft is a misdemeanor.
That last balance sheet was 9/30/2009. The company's losses since are probably -- what -- another $1.5 million. Who knows? They won't say or they can't say.
At this point, buying this stock is almost like betting on how many times some mighty old fellow on his death bed is going to snort before he dies.
And anyone loaning this company money? Get out of here!
And why even do it? Ed says he got $200 million already "closed" -- five weeks ago. Right? R-i-g-h-t.
Look folks, everyone should be bashing this company! I knew there ex CFO / (one of the founders), and he was as slimy as Ed. These guys, whether by choice or other factors, have taken money and will not or cannot pay it back. I have personally lost 75k which was loaned to them 3 years ago. Don't think for a minute that they will come through. I have been waiting for payout since, and I am not holding my breath anymore. Crooks, con-artists, liars...
I will bash this company until I am paid back. I encourage everyone who has lost money, to take action against EVSP. Ed should be pushed into bankruptcy both with this corporation and personal.