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EVO Share Chat - RSS Feed

Evocutis Share Chat (EVO)



Share Price: 0.225Bid: 0.20Ask: 0.25Change: 0.00 (0.00%)No Movement on Evocutis
Spread: 0.05Spread as %: 25.00%Open: 0.225High: 0.225Low: 0.225Yesterday’s Close: 0.225


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blueberry
Posts: 333
Off Topic
Opinion:No Opinion
Price:0.90
The voice of reason
18 Oct '13
Thank you ....the key
 
TheKey
Posts: 163
Off Topic
Opinion:No Opinion
Price:0.85
PART TWO
18 Oct '13
So, where does that leave us, after discarding the tissues and cutting through all the bullspit....

1. We need some cash. At least 1 mil. Far from an impossible obstacle..
2. The focus of the company needs to shift back to running the company as a business, and generating income. Again, far from impossible, and they have a lot of things in their favour. IE - a good product, limited competition and a legislative driven market need. That's more than Apple has, or Coca-cola for that matter. What they have that we don't have is lots of cash and an established market, but there was a time when not everyone in the world had an iSomething or other... And the law never prevented people from continuing to use calculators, Walkmans or landline telephones...

Anything beyond those two points is irrelevant right now, but consider this:

IF we secure funding through some means or another, and IF we reach a self sustaining revenue position (or heaven forbid, even a profit making enterprise), what would we value this company at then? I doubt it would be .8p.

That could be as little as 12months away, and as I see it, all that is required, is to work on 1 and then 2 above.

Doesn't sound impossible to me, but that's just my very humble opinion , of which you are all free to accept or reject it at your discretions.

Either way, I sincerely wish each and every one of you the very best of luck with EVO and all your other investments.

PS - ...We still don't KNOW what is behind door number 2.

GLA, DYOR, DYOT... Buy your own tissues etc etc
TheKey
Posts: 163
Off Topic
Opinion:No Opinion
Price:0.85
Blueberry et al...
18 Oct '13
Rest assured I'm still here, and whilst I find this share drop an 'inconvenience', I haven't sold a single share....

Here's why:

1. In the absence of a Takeover, what this company needs now is cash, so as to proceed as a going concern. In the current climate of 'free money', it's as good a time to be raising capital as any time in history. The options for raising capital include: a) a dilution, b) a strategic partnership, or c) debt against assets (IE - IP). The point being - there are options available and all are very normal, feasible and achievable in some form or another for a company in this position. Cash buys time, and time is all that is ever required for a good product to reach its potential. (EG - If we had a measly 1 million in cash right now, I doubt the 'sky would be falling' as this BB would have everyone believe.)

2. People who have history of 'successful start-up to sale' companies in the order of 200 million, generally don't rely on luck, or let their emotions govern their actions or their thinking. I never bet against human potential, particularly when their integrity, reputation and personal belief in themselves and their abilities are on the line, AND they have history of success. If anyone has ever read the Art of War, it says: 'Always allow your enemy an avenue of escape', as people fight hardest when the only other option is death. Same applies in business - people are at their most resourceful when everything is against them and failure is imminent. To put it in perspective here, a measly 1 million dollars buys us 12 months. With 100% focus on increasing the customer base for in-house testing and kit sales, how many customers do we think they could get in a year... WITH 100% FOCUS, TIME, ENERGY and COMMITMENT, with a clear and present need for such a product? None? Seriously...?

3. The information circulated on this BB may or may not be true. Some of it may come from people around the fringe of the company, who whilst they can comment on what has or hasn't happened TO DATE, can't comment on the intentions of the decision makers, and may not be privy to ALL information. In fact, they are LESS likely to know the extremely high level stuff. EG - I don't tell my secretary EVERY piece of relevant information about what I am or am not going to do next, only what is required for her to assist me to achieve it. (And she does...).

4. On WORST case scenario, this company will never be worth ZERO. The IP has value and maybe more applications down the track than we can see today. EG - with a bit of further development, maybe it can be utilized in the robotics industry, or for real life prosthetics one day? I guarantee that some geek somewhere is building their own Terminator as we speak.... They already have the metal endoskeleton, they just need the living tissue. :-). The point is, who knows? But it has application.

5. I like bunnies.

PART TWO coming up...
researcher1
Posts: 583
Observation
Opinion:Buy
Price:0.85
SP
17 Oct '13
I bailed at 93 I'm afraid - couldn't stomach more than a 25% loss in light of no news at all from the BoD. They are a disgrace. As coco says, this could still come good, but a dead cat bounce is equally likely, so tread carefully - sorry to see EVO in this position. GLA
fundamentalanalysis
Posts: 5,566
Off Topic
Opinion:No Opinion
Price:0.85
MortgageFree
17 Oct '13
I seriously hope it works out for you here,i have never invested in EVO but I know what it is like to take a big hit,i had one many years ago so I know what the feeling is like,i wish you well here and in the future.
MortgageFree
Posts: 2,842
Observation
Opinion:No Opinion
Price:0.85
Cash burn/ BOD/ Hope
17 Oct '13
The cash burn from the accounts can been worked out at approx £500k a half from historical records, with no cash incoming. Working from Jan figures that means very little to nothing is in the pot, based on no sales info.

I invested in the belief that from when Evo announced last years sales objectives, end of November, to when they went into a formal 'sales process' could only mean that something was on the table. The gap was 3 days.

The sales objectives had two plans;

A - substantially increase direct sales
B - enter into a JV or partnership that could result in an offer for the company.

As plan A was only given 3 days I 'presumed' that B had come to the fore as the best route due to something being available.

It now looks like the BOD took a huge gamble and never really tried plan A and hoped to conclude B. The problem with this is that the BOD missed all opportunities to market or 'prove concept' at any point. That may have been the right thing to do at the time, however, I cannot see what changed in 3 days to completely change the business objectives.

Now we have the following; a product that hasn't been marketed, there is no proof of market value or case studies, we know that no business is prepared to buy it out right, we have burnt a lot of cash and we are unsure whether we can generate enough funds to make this viable going forward. In effect by jumping into a sales process all we have achieved is proving that no business is willing to fork out for Evo.

I never believed (foolishly) that an experienced BOD would take such a huge gamble with careers, reputations and the whole business on the line without some sort of an opportunity to pursue.

Going forward.

Evo may be able to sell to the market directly, but they are clearly not confident they can do this on mass and we are unsure whether they have the team in place capable of this. If they do, can they generate enough cash to cover costs and compete in what will be a competitive market?

The X Factor

Every year you have great singers, brilliant voices that light up the stage/ arena. Every year those same people will disappear never to be heard of again.

Leadership, marketing and luck is the difference between those that do and those that don't.

This is where the BOD at Evo have let EVERYONE down as they have, and continue to be weak, self serving and dismissive in their approach to shareholders.

A deal may be pulled out of the bag. An annual buy in from some named companies and this may save Evo. I really hope it does.

But putting money into people with little or no integrity is for fools, and Evo has made a fool of me.

I hope this weighs on the BOD like a mill stone like it will weigh on many of us.

Best wishes with all your investments.

I wish you all health and happiness.

X
Cocobeam
Posts: 395
Off Topic
Opinion:No Opinion
Price:0.85
EVO
17 Oct '13
To anyone still holding or looking to invest I think that EVO could offer an excellent investment for the future. The difference now for investors is to look at EVO as a business that will offer a world class product to the market as opposed to a company that may make you a quick buck as a t/o target. The extent of cash burn etc is purely speculative at the moment and it is likely that to progress and move forward there MAY be dilution. EVO has relatively few shares in issue and as with any fledgling company may need to look at ways to generate cash until it has established a vein to the market to sustain the company and enable it to grow. As they have stated they have made contacts in the industry through the period of sale which may have opened doors that before were not available to them previously. So JV or further contracts are very likely.

Skincare is a multi-billion $ industry and company's are now investing time and money in a race to develop products similar to Labskin which has taken years to develop so they have a massive head start over the competition. There are a few alternatives already out there such as ThinCert and maybe EVO needs to simplify Labskin to make it more commercially viable and competitive? They have the product they just need to market it and get the contracts rolling in.

Interesting link about how Asia is looking at alternatives for Animal testing. If China succumb to pressure to ban testing on Animals the market could blow wide open and the potential for products like Labskin could be huge, The patient will be rewarded here IMO but it is unlikely to be plain sailing at the outset. GL DYOR

http://www.premiumbeautynews.com/en/animal-testing-asia-shows-growing,6029
scotlouie
Posts: 2,538
Off Topic
Opinion:No Opinion
Price:0.85
jimmy and willy
17 Oct '13
XCAP doesnt have to declare as EVO are no longer in a take over period. only when they breach thresholds they need to declare
Workharddontplay
Posts: 230
Off Topic
Opinion:No Opinion
Price:0.85
EVO
17 Oct '13
OH wow, i'm so sorry to see what has happened recently and i guess all the question i asked a while ago were very legitimate but I genuinely do think that if you believe in this product then you should stick with it even though things may be rough for a while on the other hand personally I think WSG and IMM would be a great place to be if you want to recover your losses.
blueberry
Posts: 333
Off Topic
Opinion:Buy
Price:0.85
News
17 Oct '13
Well I know we are all waiting for news,but say there isn't any, nothing ,non,nil .. then what. What can the board actually say... Hey guys we tried to sell the company no one wants it,we tried to sell stock but no one wants to buy,however we believe in it so can you let us all have a few quid.... .What do you think would happen to the share price then. As the saying goes (or something like) better to keep quiet and let people think you are stupid,than open your mouth and prove it.
Ps where's "The Key",he usually had something profound to say..like trust the board they know what they are doing.
KEEP THE FAITH.





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