Eventure Interactive Inc (OTCBB:EVTI) Dropping After The Financing Deal

[[tagnumber 0]] [[tagnumber 1]] [[tagnumber 2]][[tagnumber 3]]The performance of Eventure Interactive Inc (OTCBB:EVTI) in the past several months was quite disastrous. The ticker lost a lot of altitude and managed to drop below the 1 cent per share mark, having been traded into double–zero land since the first half of July.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 2]]The company‘s market cap isn‘t that big, compared to other in the OTC marketplace, but [[tagnumber 8]]EVTI[[tagnumber 9]] surely has a hard time to back it up. The numbers that were contained in the balance sheet of the company‘s report for the second quarter of the year are far from impressive.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 13]] [[tagnumber 14]]cash: $13 thousand[[tagnumber 15]] [[tagnumber 14]]current assets: $28 thousand[[tagnumber 15]] [[tagnumber 14]]current liabilities: $3.08 million[[tagnumber 15]] [[tagnumber 14]]quarterly revenues: $348!!![[tagnumber 15]] [[tagnumber 14]]quarterly net loss: $2.65 million[[tagnumber 15]] [[tagnumber 24]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 2]]Things definitely didn‘t look good back then, but things might be looking a bit better more recently. As we previously wrote, the company has secured a $7.75 million equity financing over the course of the next 24 months with GHS Investments, LLC (GHS). The terms of the agreement allow GHS to buy shares of [[tagnumber 8]]EVTI [[tagnumber 9]]common stock at a 80% discount from the lowest volume weighted price for 10 consecutive trading days prior to the transaction.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 2]]The positive news, however, failed to do much for the price of [[tagnumber 8]]EVTI‘s[[tagnumber 9]] stock. The equity financing agreement was announced last Wednesday and the ticker moved nowhere in the session. We even saw it drop 7.50% the following day before losing another 16.22% in Friday‘s session and finishing the week with a price of $0.0031 per share.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 2]]Considering the rather low market cap of the company we may see some upward movements if there are some more positive news. All that is known at this moment is that the dilution of the common stock is far from over, so be sure to weigh out all the risks before putting any money on the line.[[tagnumber 1]] [[tagnumber 0]] [[tagnumber 1]]