Eco Ventures Group Inc (OTC:EVGI) is not doing much at the moment, but it has plans and potential. The other thing EVGI has going for it right now are promotions.
$35 thousand got EVGI a spot in a number of newsletters. The paying party was Equities Awareness Group. The effect of those promotions should be felt today.[BANNER]
Yesterday, EVGI closed up 29.17% at $0.62 after 348 thousand shares had been traded. It is not really clear how many outstanding shares there are at the moment, but at the closing of the merger with Modern Renewable Technologies, Inc. the OS on a fully diluted basis should have been approximately 78.3 million shares.
The company’s plan is to engage in the extraction of precious metals from tailings, additionally to produce advanced bio-fuels from oil-rich plants, yellow grease, and other feedstock, and on top of that EVGI intends to produce bio-ethanol from plant cellulose and plant sugars.
While those plans sound promising, currently EVGI has managed to complete the construction of a precious metal extraction plant. This was announced yesterday after the market had closed. The press release doesn’t mention when operations are expected to begin.
The financial information provided in the 8-K/S may help investors decide whether EVGI is a good investment at this point, at this price.
