EVFL's press release today gave shareholder's and share sellers no reason to move off the ask at $.0001. That seems to be the story with EVFL and its 21 billion outstanding shares. Issue new Press Release, watch the volume come in, watch stock price move absolutely no where. Who gains selling at $.0001? Who is selling this seemingly endless amount of shares at $.0001? Who is the only one that would profit from selling at $.0001? If you don't know the answer you can email us at pennystockforums@gmail.com, or simply respond to this post below in the comments section. We'd enjoy to hear your perspective.
Today's exciting news (pasted below) involved EVFL writing blogs and informing the public with facts! If that doesn't get you excited about a bidless stock, than what will? EVFL might want to end the "aggressively pursue informing the public about the benefits and uses of renewable fuels" idea and look toward reducing the excessive shares in the market place.
You heard it here first folks. The pennystockguru thinks a share reduction press release is on the horizon. If the guru knows his penny stocks than this could hit the wires any day now. That would be one way to lose the $.0001s on the ask.
To be frank, EVFL is not the worst of the penny stock bunch, as there still is hope for a run, as long as the company reduces the share structure. But as it stands now 100 billion authorized and 21 billion outstanding is just too much supply for a stock that's been stuck at $.0001 for way too long.
DALLAS, Sep 22, 2009 (GlobeNewswire via COMTEX) -- Evolution Fuels, Inc. (Pink Sheets:EVFL) (the "Company") today announced that it has reached an agreement with Informa Economics, Inc., to jointly publish a series of articles regarding renewable fuels through the Company's affiliate, Big Star Informative Media, LLC. Informa Economics is a world leader in broad-based domestic and international agricultural, energy, and commodity/product market research, analysis, evaluation and consulting, headquartered in Memphis, Tennessee. Informa will work with the Company primarily to help educate and inform the public with fact-based inputs regarding renewable fuels via the Company's website, www.evolution-fuels.com. The website contains a blog that will be updated weekly with current news, policy matters, facts, and opinions regarding the evolution of the renewable fuels industry.
Evolution Fuels CEO, Dennis McLaughlin, stated, "We believe that having this agreement with Informa Economics will provide us access to one of the premier agriculture and commodity data sources in the country. Their data, analysts, and economists will allow us to vigorously support our Company's position that renewable fuels will be a viable and critical part of this nation's energy policy in the years to come."
Additionally, Evolution Fuels will utilize the Company's relationship with its affiliate, Big Star Informative Media, LLC, a subsidiary of Big Star Media Group, Inc., to publicize the information through various media outlets.
As the Company moves forward with its plan of rolling out retail renewable fuel outlets, management believes it is imperative that it aggressively pursue informing the public about the benefits and uses of renewable fuels, as well as dispelling myths and untrue statements regarding this industry.
Big Star Informative Media was formed to provide public relations messages to targeted audiences via a variety of digital and electronic means.
About Evolution Fuels, Inc.
The Company endeavors to market renewable transportation fuels at retail fuel stations that will provide blends of ethanol ranging from 10% to 85% (E10 to E85), and biodiesel blends from 5% to 20% (B5 to B20). The Company's plan calls for the development of a chain of renewable fuel stations that extend from Texas to Mississippi that will be a combination of "Evolution Fuels"-branded fuel stations/convenience stores and western-motif truck stops modeled after the Willie's Place Truck Stop in Carl's Corner, TX. The Company's Web site is www.evolution-fuels.com.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the "safe harbor" provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company's anticipated results, projections, or other expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Evolution Fuels, Inc.
By Staff
CONTACT: CONTACT: Evolution Fuels, Inc.
Randy Hepler, Media & Investor Relations
866-765-4940
investors@evolution-fuels.com
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2 comments:
I want to know more about why the EVFL stock price is stuck at 0.0001.
Please explain.
312 million shares traded and still 6 market makers willing to sell at $.0001. There are 20 billion ++ shares outstanding and 100 billion authorized. The selling at $.0001 can keep up as long as it takes to suck each investor dry of their money.
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