EVFN - Still Busy Giving Penny Stocks A Bad Name

Readers of This Blog know I was all over EVFL last year, telling the world that a reverse split was coming on the bidless stock. Sure enough just a day before Thanksgiving EVFL pulled a 600-1 reverse split, and changed their stock ticker to EVFN. The stock opened for a nano-second at $.06 before the selling continued and now, today, EVFN, formerly EVFL, is bidless yet again.

On June 3rd the company said no reverse split was coming, at least within 120-180 days. No sense reverse splitting the stock while there are still suckers buying. Even still, we can't believe one word this company says.

Why? Just after the 600-1 reverse split last year the CEO of EVFL/EVFN said the reverse split was to the benefit of shareholders. He even said it was done for those who can't buy a stock when it falls under a penny.

There are his words verbatim:

"Our goal of listing on a premiere tier of the U.S. over-the-counter market will provide numerous trading benefits, as well as increased exposure to retail and institutional investors," said Dennis McLaughlin, CEO of Evolution Fuels. "However, in order to achieve our goal of listing on the OTCQX, we are undergoing a series of proactive strategic initiatives to raise our price per share, while at the same time, rewarding our existing shareholders." The higher price per share needed to achieve Evolution Resources' goal of obtaining a listing on the OTCQX marketplace will also benefit many shareholders and potential shareholders who have experienced limitations on the ability to purchase stocks that trade under one penny.


Benefit shareholders? The only beneficiary has been whoever has been DUMPING stock at an incredulous rate into the market. Seems like the only goal EVFN has had since day one is to sell stock and take your money. They've done a great job of that so far. This is a 5 star share dumping, capital raising machine.

Split adjusted this stock has gone from $85 to $.0001. That is some feat considering after that obscene downslide they still have a bevy of suckers throwing money at this pig.

The next reverse split is inevitable. I think an appropriate ticker after the next reverse split would be JUNK, then at least investors would know what they were buying without having to do any research.

EVFN - Rest Assured Shareholders, The Reverse Split Is Not Going To Happen Tomorrow

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.

EVFN - The Carnage Continues. How is a 95% loss considered rewarding shareholders?

When EVFL (now EVFN after a 600-1 reverse split) completely blindsided its shareholders late last year and effected a 600-1 reverse split, the company said this reverse split was done to reward shareholders. Look at the chart below and tell me how this can be considered a reward:







Evolution Fuels Undergoes Strategic Initiatives to Enhance Liquidity of Common Stock and Reward Existing Shareholders
Nov 25, 2009 (GlobeNewswire via COMTEX) --

* Management Announces Goal of Uplisting to OTCQX
* Company Effects 1-for-600 Reverse Stock Split
* Rewards Shareholders with Two Million Shares of Common Stock
 in Evolution Resources (OTCBB:EVLN), to Be Distributed as
 Dividend
* Additional 1-1 Dividend of Evolution Fuels Common Stock

DALLAS, Nov. 25, 2009 (GLOBE NEWSWIRE) -- In a release issued earlier today for Evolution Fuels, Inc. (Pink Sheets:EVFL) under the same headline, please note the record dates for EVLN and EVFL dividends are January 8, 2010 and February 23, 2010, respectively, not January 8, 2009 and February 23, 2009. The complete, corrected release follows: Evolution Fuels, Inc. (Pink Sheets:EVFL) (the "Company") today announces management's goal of uplisting to the OTCQX in conjunction with a series of strategic initiatives to increase liquidity of common stock and reward existing shareholders.
The Company will be executing a dividend of common stock of Evolution Resources, Inc. (OTCBB:EVLN) ("Evolution Resources" or "EVLN"), a public company of which Evolution Fuels owns common shares, in addition to a 1-1 common stock dividend of Evolution Fuels to the Company's shareholders. These dividends are being announced in conjunction with a 1-for-600 reverse split of the Company's common stock effective as of Friday, November 27, 2009.
In relation to the reverse stock split, Evolution Fuels' trading symbol will be changed from (Pink Sheets:EVFL) to (Pink Sheets:EVFN) and its common stock will trade under a new CUSIP No., 30049F205.
EVLN Dividend
Any shareholders of the Company owning more than 1,000 shares - post reverse stock split - of Evolution Fuels common stock as of the record date of January 8, 2010 shall receive a proportionate share of the total two million shares of EVLN common stock distributed. The current market price of EVLN common stock is $4.00. These dividend shares will be "restricted" as defined in the Securities Act of 1933. Rule 144 allows for the public resale of restricted securities only if certain holding period and other conditions are satisfied. For non-affiliates of the EVLN, the holding period is six months.
Evolution Resources (EVLN) is an advanced biofuels production company focused on combining the latest in cellulosic process technologies with existing biomass assets for the production of cellulosic ethanol. Evolution Fuels will distribute 100% its ownership of Evolution Resources common stock pursuant to the dividend.
EVFL Dividend
The additional dividend of Evolution Fuels common stock will be performed on a simple 1-1 basis, whereby any shareholders owning at least one share of Evolution Fuels common stock as of the record date of February 23, 2010 shall receive an equivalent number of newly issued shares. These dividend shares will be "restricted" as defined in the Securities Act of 1933. Rule 144 allows for the public resale of restricted securities only if certain holding period and other conditions are satisfied. For non-affiliates of the Company, the holding period is six months.
"Our goal of listing on a premiere tier of the U.S. over-the-counter market will provide numerous trading benefits, as well as increased exposure to retail and institutional investors," said Dennis McLaughlin, CEO of Evolution Fuels. "However, in order to achieve our goal of listing on the OTCQX, we are undergoing a series of proactive strategic initiatives to raise our price per share, while at the same time, rewarding our existing shareholders."
The higher price per share needed to achieve Evolution Resources' goal of obtaining a listing on the OTCQX marketplace will also benefit many shareholders and potential shareholders who have experienced limitations on the ability to purchase stocks that trade under one penny.
Mr. McLaughlin continued, "As CEO of both companies, I am pleased to offer our loyal Evolution Fuels shareholders with the two million shares of Evolution Resources common stock. We will be making a separate announcement of a joint conference call to provide background on both companies, discuss our strategic initiatives and relay our corporate growth plans for 2009 and beyond."
About Evolution Resources, Inc.
Evolution Resources, Inc. is a renewable energy company focused on the production of cellulosic ethanol for transportation fuels. Presently, the company is perusing certain proposed projects that will leverage existing distressed assets and infrastructure in the State of Washington, as well as the Mississippi and Louisiana Delta region. The Company's website is www.evoresources.com.
About Evolution Fuels, Inc.
Evolution Fuels, Inc. endeavors to market renewable transportation fuels at retail fuel stations that will provide blends of ethanol 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 Florida 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 website 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.

EVFN - Reaching New Lows

Remember how I called this lemon out for what it is? No one believed me back then. Maybe this chart will make you a Bob Wilcox believer:

EVFN - Hello! Is There Anyone Home?

EVFN is a stock on the Guru do not buy list, and for good reason.  I am still waiting from some of those EVFN (formerly EVFL before the last 600-1 blindside reverse split) to chime in.  Hello is anyone home?  They were quick to assault my previous posts but after the chart below, it is hard to find fault in my position.  EVFN is, and will always be, an ATM machine for anyone involved in the stock and company besides the shareholders.

If you want to pay someone else's bills, support someone else's lifestyle, and pay for someone else's dinner, buy EVFN stock.