Enviro-Serv Inc (OTCMKTS:EVSV) Slumping on High Volume

Enviro-Serv Inc (OTCMKTS:EVSV) stock has been slumping for quite a while now and is currently traded at $0.002. Even with the price drop of over 90% from the beginning of April which we covered in our previous article concerning EVSV, their stock is traded in high volumes and is still being pumped by paid promotional newsletters.

In Friday’s trade session EVSV‘s price dropped a further 40% from $0.0040 to $0.0024 on a staggering volume of over 79 million traded shares. This volume may be attributed mostly to the fact that EVSV‘s stock is being pumped vigorously by paid outlets and the press releases that the company is making.

Their most recent PR is from Friday and it came after they kept quiet for nearly 2 weeks. It was about the hiring of “45 year pest control veteran Gary Cole” by EVSV‘s subsidiary X-Terminate Pest Management Inc.

There are also speculations from X-Terminate Pest Management Inc’s presiden Mr. Richard Tellone that they can start work as soon as two weeks with the help of the operator in charge they have in the face of Mr. Cole. That, however, seems highly unlikely judging by their financial state as of December 31, 2012. The numbers of main interest from the quarterly report covering that period can be seen below

cash: $200
current liabilities: $2 million
revenue: $0
net loss: $9.5 thousand

If the financial situation hasn’t changed from back then, we simply can’t see how they are going to start operating in 2 weeks. The fact is that their stock is at an all time low, its trading at massive volumes and there are promotional emails flying all around from all kinds of paid pumpers. For their sake, we hope that they are not on George Sharp’s radar, because they will make a good defendant for his next spam email/ stock manipulation lawsuit.

With all that in mind EVSV‘s stock is very risky, so be sure to do your due diligence before taking an investment choice.