$EVSVD is now much thinner to the upside for the following reasons compared to when 1-tick flippers were stacking the .0008s pre-r/s:
- There are now only 1,798,313 Unrestricted Common Shares available for retail trading.
- Of these, the significant traders in $EVSVD - including those following the same method I use to trade successfully through a r/s - bought the following large quantities of previously cheap shares:
---- 400M x .0002 = 200K x .4000
---- 100M x .0003 = 50K x .6000
---- 46M x .0004 - 23K x .8000
- Since the r/s, those same top traders, plus those who didn't buy during the limited window on January 14, 2019 have bought the further additional amounts at the bottom price levels:
--- 97K x just below .4000 (almost all .3700 > .3999)
--- 144K x just above .4000 as makes no difference
--- 25K x around .6000
- Hence, those that secured the .4000s - or as near to it as makes no difference - now control 441K of the 1,798K shares available - 25%.
- When you add the .0003s / .6000s as well, they control 539K of the 1,798K shares available - 30%.
The top traders using the above method are not averaging down - they are going to be trading from the bottom up looking for 100% > 500% on multiple individual lots over time throughout 2019 during which there will obviously be several runs due to further share reductions, further improved financials from the pest control core business, additional government infrastructure support contracts, and of course now the diversification into the hemp sector.
The top traders are not concerned about the minority of their shares that are at the higher pre-r/s prices - albeit those bought at 1.4000 (.0007) > 2.000 (.0010) are likely to go into profit as well at some point.
In the unlikely event that they don't, they have an option to get their large tax bills down by selling the higher price pre-r/s shares for a loss at the end of the year by planning ahead and leaving a 60-day wash sale avoidance window - hence why it is important to buy the cheapest shares early.
- There are now only 1,798,313 Unrestricted Common Shares available for retail trading.
- Of these, the significant traders in $EVSVD - including those following the same method I use to trade successfully through a r/s - bought the following large quantities of previously cheap shares:
---- 400M x .0002 = 200K x .4000
---- 100M x .0003 = 50K x .6000
---- 46M x .0004 - 23K x .8000
- Since the r/s, those same top traders, plus those who didn't buy during the limited window on January 14, 2019 have bought the further additional amounts at the bottom price levels:
--- 97K x just below .4000 (almost all .3700 > .3999)
--- 144K x just above .4000 as makes no difference
--- 25K x around .6000
- Hence, those that secured the .4000s - or as near to it as makes no difference - now control 441K of the 1,798K shares available - 25%.
- When you add the .0003s / .6000s as well, they control 539K of the 1,798K shares available - 30%.
The top traders using the above method are not averaging down - they are going to be trading from the bottom up looking for 100% > 500% on multiple individual lots over time throughout 2019 during which there will obviously be several runs due to further share reductions, further improved financials from the pest control core business, additional government infrastructure support contracts, and of course now the diversification into the hemp sector.
The top traders are not concerned about the minority of their shares that are at the higher pre-r/s prices - albeit those bought at 1.4000 (.0007) > 2.000 (.0010) are likely to go into profit as well at some point.
In the unlikely event that they don't, they have an option to get their large tax bills down by selling the higher price pre-r/s shares for a loss at the end of the year by planning ahead and leaving a 60-day wash sale avoidance window - hence why it is important to buy the cheapest shares early.
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Enviro-Serv, Inc. (EVSV) Stock Research Links
"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
