Enviro-Serv, Inc. (PINK:EVSV) f.k.a. Transfer Technology International Corp. Tanks Some More

Freshly renamed Enviro-Serv, Inc. (PINK:EVSV), formerly known as Transfer Technology International Corp., dropped another 26% down the chart in yesterday’s session, approaching half a cent per share. Pumpers assisted ESVS on its way down with a helping round of promos.

The company stated that it was turning a new page in its yesterday’s press release but this obviously didn’t mean taking action regarding the ongoing stock promotions. Yesterday a number of new promoters picked up where the parties touting the company under the TTIN ticker left off. Stock Mister disclosed a pump budget of $40 thousand paid to pump freshly re-branded EVSV, advertising it as his “one cent momentum play”. Sadly, momentum turned out to be downward and at the closing bell his pick was closer to a half-cent play.

The purpose of yesterday’s press release from EVSV was obviously to calm investors down and give shareholders some confidence in the company. This however is best achieved with frequent timely filings and transparency, not with press release fluff. The most current filing available from EVSV is a quarterly for Q3 of 2012 and is almost 8 months old. The numbers in it are pretty grim and no updated information is publicly available, hence the Pink No Information “Stop” sign stamped on the company’s OTCMarkets page. Instead of numbers, EVSV decided to announce the signing of two letters of intent with unnamed entities two days ago.

We warned our readers of the direction EVSV was headed, carried by the waves of pumps while it was still trading as TTIN and had not started crashing, giving them one last chance to avoid a nasty burn. We are still following the company due to the fact the pumpers are not letting up and are still hammering their subscribers with touts for the company, even though the price has been on a downhill blitz for over two weeks.

Stock Mister, the pumper who pocketed the highest compensation in yesterday’s wave of touts, has a long history of failed pumps. One such example that is fresh out of the oven is a pump job conducted by Stock Mister last weekend. The promoter touted the stock of Great Rock Development Corp. (PINK:GROC) on Sunday and it tanked over 80% in three sessions so far this week.