Eco Ventures Group Inc (OTC:EVGI) filed its 10-K on Friday and the price went up, but the volume remained insignificant. During the weekend new promotional emails were sent out to attract more attention.
The promoter disclosed $15 thousand as compensation for its services. Today, we’ll see if this will be enough for EVGI to do better than the 12% increase on Friday. EVGI closed at $0.14 on 51,250 shares.[BANNER]
There isn’t much promoters can say about EVGI to make it look good. The company is still in the development stage and consequently hasn’t generated revenue, has limited assets, negative working capital, and incurs losses.
The 10-K and the promotions do mention some vague outline of how the company “anticipates” its plant will be in operation and fully certified by February next year.
One of the emails says “EVGI – Watch for a Monster Turnaround!”. While there is such a theoretical possibility in the future, EVGI has a market cap of more than $11.5 million at the current price, and traders should try to evaluate what the company is really worth.
