Trading Summary - Week September 16-20. Overall
Post# of 4419
Overall, a further 113,965 shares were bought this week as accumulation continued despite manipulation attempts with a fake walked down ask and paint downs to get cheap shares before the run up to the $1 > $2 range.
We also had 2 x updates from the CEO stating that:
- Harvesting of the first hemp crop would start early before the end of September and be finished by about October 9.
- That each of the 12,000 plants would yield at least an average of 1 lb of product but some would yield as much as 2.5 lbs.
- That equates to $3.6M (1 lb) > $9M (2.5 lbs) in revenue @ $300 per lb.
- We already know that a buy deal has been agreed with a local outlet.
- 4 strains have been sampled successfully by the WI agriculture authority.
$EVSV has now held above the r/s par of .4000 for 8 months and 1 week [.2000 would be the equivalent of .0001 which nobody got when some panicked and traded at .0005 > .0002 during the day's notice of the r/s].
$EVSV remains the #3 Pick on the Watch List for profit earning potential in 2019 - out-trumped only by and $VYST - which will offer $500K > $1M+ profits if the NASDAQ requirement price is met [trading discipline and patience required] and $TMPS which is expected to receive another DoD contract as part of a Multiple Award Contract opportunity being offered for early-2020.
As previously stated, the top traders in $EVSV are not going to waste our time playing in among the manipulation action apart from taking out asks when it suits us and maintaining a basher / flipper reload denial bid.
Expect continued loading - now more overtly - with a mixture of hidden bids, visible larger / higher bids and ask hits - until the main traders in this are ready to move it up a bound or so - above .$1.000.
This will remain the main board for analysis of trading action. I will make occasional posts on iHub to debunk nonsense and keep the correct analysis in my single Mod sticky and 1 > 3 Plus 1 slots.
I will be updating the DD / Rolling Brief over the weekend - plus keeping an eye out for any updates from WI and FL on hemp or new partnerships.
Items below the line unchanged from previous report [except for prices moved upwards] and still valid [important points emphasized in bold]:
The 2018 Annual, 2019 Q1 and 2019 Q2 Reports were all filed on time with improved financials.
As usual, the TA updated the share structure in a timely manner as at September 3, 2019 - yet again no dilution of any significance.
Don't expect any significant amount to be offered under $1.0000 as it is not unreasonable to expect to see $1 to $2 at some point in 2019 based on the thin share structure, the majority of shares being in the hands of savvy traders , and multiple catalysts ahead.
There is still very little in asks under $1.000 and $EVSV should be extremely thin well into the $1 > $2 range based on who had what where prior to the r/s.
There are now 121 x social media alerters / analysts that have $EVSV on their radar now for continued upward movement.
Overall, $EVSV continues to play out exactly as I expected and suggested it would for those following my proven "trading through a r/s" strategy.
Ahead expect:
- Continued manual and further automatic outbidding.
- Closing of the spread and / or hitting the ask across a wide spread when an artificially low fake ask is seen.
- More hits on the ask.
- Further updates on the progress of entry into the hemp sector - particularly in the other 6 states being considered - as one of the company's diversification efforts.
- Further updates on a share buyback by the company.
- Further updates on new partnerships.
- Update to the share structure by September 30, 2019.
- Further updates to the Hemp Division website.
- Confirmation that the first hemp crop harvest has started.
Enviro-Serv, Inc. (EVSV) Stock Research Links
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.