Look at the 12 month chart and it might be a little clearer. It's had a monumental run, and just raised $10 mil at 28 cents. There is going to be some profit taking and churning at these levels while old shareholders exit and new ones come in. There was no possibility it was going to sit at 38 cents after a $10 mil raise.
I bought in at 31.5c today as I've been watching all last week waiting for an entry. It looks to have very strong support at 30c + so I am comfortable with my entry and think it has been well-timed.
The co will have $10 mil in the bank after the raise is finalised, and previous holders (ie. pre-raise) are the ones who copped the dilution, not those who are buying now. The fact that it's above the CR price after such a large raise speaks volumes about sentiment towards EVS.
IMO it's a great time to be buying. DYOR, all opinion only, blah blah blah.
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