If you look at the chart in September billions upon billions of shares had traded hands and yet the stock was at $.0001 with no bid. If the company did indeed follow through on the 10 billion share buyback the stock would have less shares in the hands of the public and the price per share would actually rise. Instead a seemingly unlimited supply of shares are circulating the market and the stock is hard pressed to see anything other than .0001, even with billions of shares in daily volume.
We've been calling this share selling machine for months now. Its obvious that the only thing the company is selling is shares, oh and keeping things interesting by throwing in a few mindless filings with pink sheets, some ridiculous lawsuits and claims totaling millions of dollars. Give us all a break!
EVFL claims to have reduced their debts in ways that has left the guru shaking his head. Cmon. You can only dupe people for so long.
http://pennystockgurus.blogspot.com/2009/09/evfl-its-mircacle.html
EVFL has 100 BILLION shares to sell. 100 BILLION. 21.1 BILLION are outstanding as of June 30th, 2009. If the recent volume is any indication EVFL has dumped billions more onto investors.
The only thing EVFL has done according to THEIR OWN FILINGS is sell stock!
What is EVFL's cash on hand? $0.
What is EVFL's revenue? $0.
What is EVFL's outstanding shares? 21.1 BILLION.
What was EVFL's outstanding shares Dec of 2007? 276,554,000
EVFL from 277 MILLION shares outstanding to 21.1 BILLION in less than two years. Now that is a great business model... if your business is printing and selling shares.
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=23904
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