EVFN - And The Rewarding Beat Down Continues

EVFN continues to crumble post reverse split.  The Guru thought the bid would come under pressure post reverse split, but not this hard and fast.  The CEO is really rewarding investors these days.  Volume today was 8 billion shares pre-split.  A record volume day for the issue.  Where are these shares coming from?  Did they not just reverse split 600 shares for 1?  Are they already dumping this stock back down to $.0001 with massive dilution?

EVFN issued a filing with Pink Sheets today.  In it they stated that just prior to the reverse split there were over 94 BILLION shares outstanding!  Now that is just a plain crazy number.

Since the reverse split EVFN has increased their outstanding shares by over 15%.  The dilution has already started.  Shareholders might finally be realizing what the Guru has been saying all along.  This company is good at one thing..... selling shares of stock.  Anything else is just pure noise.