Analysis of Loading At Bottom Price Levels - Updated March 14, 2019 [main points & significant updates in bold].
$EVSV 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 1,799,196 Unrestricted Common Shares available for free trading.
- Of these, only 1,711,605 are available at the DTC for retail trading [this figure unavailable prior to February 4, 2019].
- Of these, the significant traders in $EVSV - 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 additional amounts at the bottom price levels bringing the total to:
--- 1,019K x as near to .4000 as makes no difference
--- In the past 14 days, bids have had to increase to the the .4600 to .5400 range to get the majority of fills from paint downs.
--- Also, we have seen ask hits on the .5100 to .5985 range with those that watch at all times sometimes being able to grab a few 1000 from manipulators trying artificially low asks walk downs in the .4500 to .5000 range.
- Hence, those that secured the .4000s - or as near to it as makes no difference - now control 57% of the 1,799K shares available.
- When you add the .0003s / .6000s as well, they control 1,177K of the 1,799K shares available - 65%.
From the recent CEO comment about the Float being a lot less, those control percentages are actually much higher enabling those who bought the cheapest shares under .6000 to effectively control the availability in a measured manner as the stock moves up into the $1 > $2 range.
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, updates on the progress of hemp production in up to 4 states and a possible share buyback.
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.
The share structure was updated by otcmarkets.com as at the close on March 13, 2019 - reflecting no change on the February 22, 2019 figures which showed the 92% reduction to the A/S since the successful r/s and no dilution since.
This confirms the intent to use the r/s to raise the pps rather than to dilute.
$EVSV 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 1,799,196 Unrestricted Common Shares available for free trading.
- Of these, only 1,711,605 are available at the DTC for retail trading [this figure unavailable prior to February 4, 2019].
- Of these, the significant traders in $EVSV - 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 additional amounts at the bottom price levels bringing the total to:
--- 1,019K x as near to .4000 as makes no difference
--- In the past 14 days, bids have had to increase to the the .4600 to .5400 range to get the majority of fills from paint downs.
--- Also, we have seen ask hits on the .5100 to .5985 range with those that watch at all times sometimes being able to grab a few 1000 from manipulators trying artificially low asks walk downs in the .4500 to .5000 range.
- Hence, those that secured the .4000s - or as near to it as makes no difference - now control 57% of the 1,799K shares available.
- When you add the .0003s / .6000s as well, they control 1,177K of the 1,799K shares available - 65%.
From the recent CEO comment about the Float being a lot less, those control percentages are actually much higher enabling those who bought the cheapest shares under .6000 to effectively control the availability in a measured manner as the stock moves up into the $1 > $2 range.
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, updates on the progress of hemp production in up to 4 states and a possible share buyback.
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.
The share structure was updated by otcmarkets.com as at the close on March 13, 2019 - reflecting no change on the February 22, 2019 figures which showed the 92% reduction to the A/S since the successful r/s and no dilution since.
This confirms the intent to use the r/s to raise the pps rather than to dilute.
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.
