Eventure Interactive Inc (OTCBB:EVTI) Surges For No Apparent Reason

[[tagnumber 0]][[tagnumber 1]]Eventure Interactive Inc (OTCBB:EVTI)’s stock has had quite a rough ride so far this year. As the stock began to descend more steeply in the middle of the year we saw the volumes begin to increase.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Last month the ticker made an attempt at going up the charts. It did manage to regain some of the lost value, but the final days of September were rather disappointing, with [[tagnumber 6]]EVTI[[tagnumber 7]] recording a total of six consecutive sessions in the red, that obliterated almost all of the gains.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This isn’t surprising considering the red flags surrounding the company. Firstly, there is the matter of the poor balance sheet that [[tagnumber 6]]EVTI[[tagnumber 7]] has to offer. Here is what the company had at the end of the second quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 17]] [[tagnumber 18]]cash: $13 thousand[[tagnumber 19]] [[tagnumber 18]]current assets: $28 thousand[[tagnumber 19]] [[tagnumber 18]]current liabilities: $3.08 million[[tagnumber 19]] [[tagnumber 18]]quarterly revenues: $348!!![[tagnumber 19]] [[tagnumber 18]]quarterly net loss: $2.65 million[[tagnumber 19]] [[tagnumber 28]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Apart from the laughable numbers contained in [[tagnumber 6]]EVTI’s[[tagnumber 7]] report we should also consider the massive dilution that the stock and its shareholders have had to endure in the past year. As we wrote in our previous article, the stock was diluted by over 2,500% before the first nine months of this year had passed.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, that didn’t stop the ticker from climbing an incredible 25% in Friday’s session for no apparent reason. As [[tagnumber 6]]EVTI[[tagnumber 7]] was going for a close at $0.002 we saw a total of 56.68 million shares change their owners and generate $107 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]With a lack of a revenues–generating product at this time, however, [[tagnumber 6]]EVTI[[tagnumber 7]] seems quite risky. You should be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]