New Round of Touts for Enviro-Serv, Inc. (OTCMKTS:EVSV) Deflates
After Enviro-Serv, Inc. (OTCMKTS:EVSV), f.k.a. Transfer Technology International Corp., climbed up the charts, pushed along by a number of pumps, it crashed long and hard, finally dropping into sub-penny territory. After one last promotional push, EVSV clawed back above $0.01 intra-day on Monday, before being smacked 42% down to a close of $0.005 in yesterday’s session.
Pumpers have been particularly ferocious with EVSV, sending an endless stream of new tout emails. In just two short weeks a total of nearly 100 email touts have been sent for EVSV, compensated with various sums of money. The pumping started as early as April 3, when EVSV was still trading under the TTIN ticker, as Transfer Technology International Corp. Obviously, after the tremendous crash of about 80% in just 10 sessions, those left touting are the bottom feeders with small compensations. Despite the price performance, promoters are still hammering away at EVSV on a daily basis.
EVSV posted their yearly report for 2012 and the numbers in it were just as uninspiring as those in their previous quarterly:
- $200 in cash
- $1.9 million in current liabilities
- $16,334 in yearly net sales
- $16,334 in cost of sales
- zero in general and administrative expenses
- $377 thousand in net loss
How exactly the company managed to log zero in expenses of any kind if it functioned through the year is something of a mystery. The rest of the numbers hardly need further comments. EVSV keeps posting optimistic press releases concerning its acquisition of Air Systems Group which is still to take place, with EVSV CEO Chris Trina explaining at length how due diligence is being done to the point where one must feel “warm and fuzzy” before partnering with another company.
EVSV also published a letter to shareholders in the early morning hours today, in an effort to boost shareholder confidence in the middle of a price slump. Instead of blaming shorts and ‘manipulative tactics’ for the huge volatility of EVSV‘s share price, Mr. Trina may want to consider the fact that the company he is running has been and is still being hammered by a couple dozen paid stock pumpers who may prove to be the real reason for the volatility.
