Trading Summary - Week September 30 - October 4.
Post# of 4419
Overall, a further 88,982 shares were bought this week as traders eagerly await confirmation that the first harvest of the hemp crop at the first site in WI - worth $Ms - has been completed.
Throughout the week, the usual cat and mouse game of the few remaining bashers on iHub being suspected of daily paint downs being countered by at at least 3 top traders in $EVSV who were both buying on visible and invisible bids and also hitting the artificially low undercut asks.
Remember - per the recent updates:
- Harvesting of the first hemp crop is expected to 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 3 weeks [.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 / 2020 - 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.
As usual, the TA updated the share structure in a timely manner as at October 2, 2019..
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 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.
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 or soon after October 31, 2019.
- Further updates to the Hemp Division website.
- Confirmation that the first hemp crop harvest has been completed.
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.