Evader Inc. (PINK:EVDR) has grabbed the market attention in the last couple of days due to a press release published on Friday.
The company announced that Avtar Singh Construction would be sold to an Indian Group.
According to the announcement, an unnamed Indian Business Group had showed interest in the Indian based Avtar Singh Construction.
However, this didn’t seem to improve the market interest in the stock as the same day EVDR share value dropped down 16.67% to $0.0005.
The number of exchanged shares reached 1.8 million, which is two times higher than the daily average.
The OTC Markets has put a warning sign on the company along with the red stop sign marking its no information status. The warning says that EVDR may not be making material information publicly available.
The website also warns that affiliates, employees and insiders that buy or sell this security may be regarded as trading “on the basis of” material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934.
Yesterday, there was also a promotion of EVDR by the HotOtcBuzz group.
The disclaimer of the distributed news letter says that:”Garden State Resources NJ LLC has received two hundred five thousand dollars from a non affiliate third party shareholder of EVDR. In turn, Garden State Resources NJ LLC, expects to pay a total of twenty thousand dollars to its related entity Praetorian Media LLC for fulfilling the services to be performed on behalf of the third-party shareholder of EVDR. Praetorian Media LLC and Garden State Resources NJ LLC are under common ownership and control.”
