Should You Stay Away Or Play Eventure Interactive (EVTI)

EVTIEver since announcing the launch of its mobile games division, “EventurePlay,” shares of Eventure Interactive, Inc. (EVTI) have been unstoppable. Trending the first two weeks of April between 0.026 and 0.034 after announcing their prototype of SmartSeen, a wirelessly connected camera and streaming hub system that facilitates the capture and social sharing of photos and videos while using the company’s Social Calendaring app, EVTI stock has had six consecutive sessions of increasing PPS and volume to boot. Having been one of the better bounce plays before, the lack of cash and revenues from when the shares really began to take off concerns few as evidenced in the $95,905 worth of shares traded yesterday.

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EVTI Stock Quote / Chart

EVTI Stock Chart

 

If a jump from around 0.03 to above 0.13, a 333% gain over a little more than a week isn’t enough of an indicator that EVTI shares are hot, perhaps seeing who owns waht as of the April 14 10K filing will help float your boat:

 

Name and Address of Beneficial Owner   Title of Class   Amount and Nature of
Beneficial
Ownership(1)
  Percentage
of
Class(2)
 
Gannon Giguiere Common Stock 21,166,144 shares, direct(3) 34.16 %
Alan Johnson Common Stock 17,594,617 shares, direct(4) 28.39 %
Michael D. Rountree Common Stock 6,837,810 shares, direct(5) 11.03 %
Jason Harvey Common Stock 83,332 shares, direct(6) 0.13 %
All directors and executive officers as a group (4 persons) 45,682,202 shares, direct(7) 73.72 %

 

(2) There were 61,466,431 shares of common stock issued and outstanding on April 1, 2015.

(3) Includes 536,804 presently exercisable stock options or stock options exercisable within 60 days of April 1, 2015. Excludes 1,963,197 shares issuable upon exercise of stock options not exercisable within 60 days of April 1, 2015.

(4) Includes 425,692 shares issuable upon the exercise of presently exercisable stock options and stock options exercisable within 60 days of April 1, 2015. Excludes 1,074,309 shares issuable upon exercise of stock options not exercisable within 60 days of April 1, 2015.

(5) Includes 265,268 shares issuable upon the exercise of presently exercisable stock options and stock options exercisable within 60 days of April 1, 2015. Excludes 1,034,732 shares issuable upon exercise of stock options not exercisable within 60 days of April 1, 2015.

(6) Includes 83,332 shares issuable upon the exercise of presently exercisable stock options and stock options exercisable within 60 days of April 1, 2015. Excludes 666,668 shares issuable upon exercise of stock options not exercisable within 60 days of April 1, 2015.

(7) Includes 1,311,095 shares issuable upon the exercise of presently exercisable stock options and stock options exercisable within 60 days of April 1, 2015. Excludes 4,738,905 shares issuable upon exercise of stock options not exercisable within 60 days of April 1, 2015.

If they had revenues and an abundance of cash to keep their lights on, this run from 0.034 would be just the beginning of much more bullishness to come.  However, the announcements that the Company’s newly created event-based games that compliment their social calendaring application and recently announced SmartSeen camera and streaming hub are just enough warm winds to keep the sail afloat.

Eventure filed a prospectus shortly after their 10K filing for the issuance of .4,880,000 shares of common stock to financiers that every sub-penny player on the OTC has stumbled across on more than one occasion.  Although the dilution seems to be very professionally controlled at present, the RSI indicator of 85.07 should be a clear sign that to chase EVTI stock at this level is about as smart as dressing up in a police uniform and walking around the streets of Baltimore tonight unescorted.

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About EVTI Stock

Eventure Interactive Inc. is a development stage company engaged in the social media activities in the United States. It develops social applications, as well as operates a mobile-to-web technology platform tat enables the users to captured, store, and share memories and events.

3420 Bristol Street
6th Floor
Costa Mesa, CA 92626
Phone: 855-986-5669
Fax: 949-209-1920
Website: http://www.eventure.com

Authorized: 75,000,000
Issued and Outstanding: 61,466,431

Last 5 Trading Sessions:

Date Open High Low Last Change % Change Volume
04/27/15 0.0962 0.1650 0.0901 0.1500 +0.0599 +66.48% 795,500
04/24/15 0.0849 0.0970 0.0840 0.0901 +0.0052 +6.12% 711,800
04/23/15 0.0710 0.0850 0.0710 0.0849 +0.0104 +13.96% 487,000
04/22/15 0.0600 0.0800 0.0600 0.0745 +0.0110 +17.32% 308,500
04/21/15 0.0620 0.0799 0.0450 0.0635 +0.0135 +27.00% 481,900

 

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