Trading Summary - Week October 7-11. This week
Post# of 4419
This week we had 2 updates:
- One confirming that harvesting of the first hemp crop was underway
https://twitter.com/EnviroServInc/status/1181893703851532288
- and the 2nd today confirming that harvesting was already 50% complete.
https://twitter.com/EnviroServInc/status/1182633814323019776
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 primarily buying on both visible and invisible bids from the couple of clueless people "still in denial" - despite all the evidence - that the crop is real and worth $Ms..
Overall, a further 9,529 shares were bought this week.
Remember - per the recent updates:
- Harvesting of the first hemp crop is expected to be finished by October 13.
- 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 $3M (1 lb) > $7.5M (2.5 lbs) in revenue @ $250 per lb.
- We already know that a buy deal has been agreed with a local outlet at $250 per lb.
$EVSV has now held above the r/s par of .4000 for 8 months and 4 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.