With today's press release EVFN has put shareholders on notice. You will be allowed to buy as many $.0001 shares of stock for at least the next 120 to 180 days without getting those shares reverse split into oblivion. EVFL shareholders may be able to tell you what that feels like as their $.0001 EVFN shares were reverse split 600-1 to bring the stock to $.06. It now sits at $.0001. This was an $85 stock split adjusted just a few years ago. Just imagine buying a stock for $85 and only a few years later seeing it trade for $.0001. EVFN shareholders are a very brave and broke bunch.
To sum it up: if you are in no rush to lose your entire investment you have 120-180 days to throw your money away.
Evolution Fuels States No Intention for Reverse Stock Split PR Newswire "Press Releases US - English "
DALLAS , June 3 /PRNewswire-FirstCall/ -- Evolution Fuels, Inc. (Pink Sheets: EVFN) (the "Company") today announced that the Company's Board of Directors has determined that it will not authorize any reverse split of the Company's common stock within the next 120 to 180 days. Further, at this time, the Company has made no plans to effectuate a reverse split after that time period.
About Evolution Fuels, Inc.
Evolution Fuels, Inc. endeavors to market renewable transportation fuels at retail fuel stations that will provide superior quality fuels to competing fuel stations by virtue of the blending capability within the fuel dispensers at its stations and offering the blends at competitive prices. The stations will offer ethanol/gasoline blends of fuel including 10% ethanol/90% gasoline (E10), 20% ethanol/80% gasoline (E20), 30% ethanol/70% gasoline (E30), and 85% ethanol/15% gasoline (E85). The latter three blends are intended for flex-fuel vehicles, although recent studies have shown that many legacy vehicles on the road today may use E20 and E30 blends without incurring damage to the engines or fuel systems. The Company's plan calls for the development of a chain of renewable fuel stations in the southwestern and southeastern United States that will be a combination of "Evolution Fuels"-branded fuel stations/convenience stores and western-motif truck stops modeled after 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.
Investor Contact:
CSIR Group, LLC
Stacey Yonkus, Principal
212-386-7081
info@csirgroup.com
SOURCE Evolution Fuels, Inc.
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