November is finally here and with just a few weeks of trading left in the year, many penny stock traders are hoping to catch a runner and book yet another triple-digit winner. Come time for the opening bell to ring Monday, a large number of followers will have their eyes glued to the level 2 screen of Eventure Interactive, Inc. (EVTI) and the minuscule float of one of the newest Google Play Android apps. Having been given a $3.50 price target and added a new exec that hails from Google, Inc. (GOOG), not having EVTI stock on the radar today would be like not getting out of bed.
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EVTI Stock Quote
Back in August of this year, the social communications company known as Eventure Interactive came to life after acquiring the business operations of Gift Ya Now, an electronic gift card platform created by Vinay Jatwani. The business model of making local event participation smarter with over 450 retailers and restaurants on its platform, the Company found the perfect time to get involved, prior to the holiday season, to capture their portion of the over $10 Billion electronic gift card industry.
In early October, Eventure Interactive announced that former Google executive, Jason Harvey, was added to the Company’s team as their new Executive Vice President of Product Development and Marketing. The move was incredibly smart considering Harvey has held executive positions at notable technology and consumer-focused companies, such as; AT&T Interactive, Microsoft, Ford Motor Company, and Nestle.
The move didn’t do much to help EVTI shares jump considering that back on October 9, 2014, EVTI closed at $1.46, more than $1 higher than where it closed to end the month. From the look of the chart above, it’s clear to see that the share price drop has invited a number of bounce play enthusiasts to deploy their reasoning as to why buying EVTI at the start of the week could pay off big well before turkey carving day.
The S1 filing from two weeks ago calls for the possible sales of up to 4,880,000 shares of EVTI, 2,300,000 of which Kodiak Capital Group, LLC got after their agreement to fund up to $3,000,000 over the course of the next 2 years. With management holding roughly 17 million shares of EVTI, the remote probability of a climb back upwards to $1 will be better calculated after the first few hours of trading has transpired later on today.
Although Eventure Interactive has not yet recorded or announced any revenues from their acquisition of Gift Ya Now, a very interesting point is how much Kodiak Capital Group paid for the shares they own:
|Stock Price(Kodiak Purchase Price)||Shares Issued|
|$1.83 ($1.46) +25%||2,054,795|
|$1.10 ($0.88) – 25%||3,409,091|
|$0.73 ($0.59) – 50%||5,084,746|
|$0.37 ($0.29) – 75%||10,344,827|
With shares purchased for as low as 0.37, traders looking to see that $3.50 price target that SeeThruEquity, a leading independent equity research and corporate access firm focused on small-cap and micro-cap public companies, issued at the beginning of October would be getting in at just a bit higher than Kodiak. If all holds together for EVTI, a return to where the shares closed last Monday, 0.65, would still be worth more than 40%.
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About EVTI Stock
Eventure Interactive, Inc. is a development stage, social application development company that is capturing everyday events and turning them into meaningful memories to be scrapbooked, organized, and referenced forever (automatically).
Issued and Outstanding: 24,332,098
Last 5 Trading Sessions:
EVTI is a huge bounce candidate and should be on every penny stock traders’ screen come 9AM today. The move downwards looks like it may have been orchestrated in order to make the event of buying EVTI stock that much more enjoyable, assuming it can get back up over $1 this week. With activity sure to smack its ask early, getting a head start, rather than being late to the party, is worth having a peek at what’s going on inside.
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