trading.jeff
5 years ago
I was convinced $EVRN was a dead ticker, and it might well be, but any movement, such as as from the greys to EM, might indicate there are signs of life, even if they are extremely minimal.
However, I won't be adding to my position.
GLTY!!
Chyna9
5 years ago
The share structure updated again recently but I don't see anything else new at this time. It's Expert Market tier now instead of grey tier. Don't know how/why it changed but a positive development imo. Far better than when it was a completely non-tradable cuspid number for awhile.
https://www.otcmarkets.com/stock/EVRN/security
OS is 320M so current market cap is ~$64,000 at 0002 which is ridiculously low.
though it's entirely possible it sits at 1 or 2 forever, and nothing ever becomes of it, in a trading/technical sense nor anything else such as custodian, or some other type of merger, acquisition, reemergence of past business, or something similar.
For now I like the odds and glad able to add this week. I've had no luck at times when I tried, this week was an exception and I'll probably keep trying for a few more at 1 but if can only get 2s, so be it.
What are your thoughts on it?
Glta
Chyna9
5 years ago
The Expert Market is a private market to serve broker-dealer pricing and best execution needs in securities that are restricted from public quoting or trading. Restrictions can be based on issuer requirements, security attributes, investor accreditation and/or suitability risks.
Expert market definition from https://www.otcmarkets.com/glossary
It's a relatively new tier to best of my knowledge (ie Pink current, pink limited, grey, etc). To my eyes, it's still 'grey' so to speak in that I don't think there's a public quote still, but it's definitely a step forward in positive direction. Hopefully something good eventually happens here.
I'm glad to see this development.
I bought 1M 2s for fun & my partially filled order 60day at 1 is still sitting there from before.
Glta
Chyna9
5 years ago
EVRN SECURITY DETAILS
Share Structure
Market Cap
32,008
11/05/2019
Authorized Shares
500,000,000
11/05/2019
Outstanding Shares
320,083,087
11/05/2019
Unrestricted
320,083,087
11/05/2019
https://www.otcmarkets.com/stock/EVRN/security
trading.jeff
5 years ago
There was no selling yesterday, no volume to speak of for the entire day, so I have to think that last Thursday's and Friday's volume is still being held.
From past experience, I've seen situations similar to this one in which there were days with heavy volume followed by six months or a year of absolute silence. Then, out of the blue, the pps would explode. The same could happen here.
$EVRN
Chyna9
5 years ago
I don't know but am guessing it'll come out of grey, or to some degree, sufficient to where there 'd be a posted quote again. From there, who knows. I don't know the full process.
Regardless, big progress that it's trading again, period. Because was not long ago to best of my memory was only a cuspid number which has no liquidity at all.
the updated numbers, that was happening frequently back before the suspension last year so doesn't mean anything, but good to see nonetheless.
We will have to see what happens. Could have more volume spikes out of the blue, could just sit at 3 with no volume.