EVTI Enters Financing Commitment Worth Up To $1.5 Million
Good Afternoon!
EVTI has been showcasing very bullish upside and the latest developments have only served to bolster investor interest.
The company recently announced a financing commitment with Rider Capital Corporation to provide financing up to $1.5 million. In addition to that news, EVTI also announced plans in May to begin selling a portfolio of handcrafted greeting cards on Etsy – news that proved that the company is serious about providing strong value to shareholders.
Now the play has presented a very strong upside opportunity courtesy of its low float and very accessible market valuation.
Having reached as high as 2.35 in the last 12 months, traders would be better served capitalizing on EVTI current market position – just 6 cents a share.
Start your research on EVTI now.
EVTI Must-See Technicals
EVTI has just 10.9 million in shares in the public float, an amount that relatively speaking is tiny when compared to other companies in the industry.
EVTI has been experiencing rising volatility, showcasing the bullish interest of investors and traders alike. At current volatility levels the play provides very strong entry/exit opportunities.
EVTI is currently oversold and is trading with a RSI of 38. This presents very strong bounce potential from current levels.
EVTI will soon be tapping into around $1.5 million in financing, all thanks to a commitment entered into with Rider Capital Corporation.
EVTI delivered 16% gains intraday on April 27 after opening at 0.09 before rallying to a high of 0.16. The play has been consolidating since.
About EVTI
EVTI (Eventure Interactive, Inc.) is 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.
EVTI Could Tap Into Exploding Ecommerce Sales – Slated To Reach $279 Billion This Year
Internet retail sales in the U.S. will grow 10% a year through 2015 as shoppers spend more time online, Forrester Research says, and the implications aren’t good for brick-and-mortar stores.
According to a new report by Forrester Research, U.S. ecommerce sales grew 12.6% in 2010 to $176 billion. That total will grow to $279 billion in 2015, writes Forrester analyst Sucharita Mulpuru.
The 2010 growth rate outpaced that of 2009, when ecommerce grew 11%. The usual suspects aided ecommerce’s rise: the economy’s recovery, more first-time online shoppers and greater spending per online shopper.
Ecommerce will grow over the next four years as shoppers continue to shift their spending from physical stores to online ones, the report says. Increased use of smartphones and tablet computers, greater merchandise selection and new business models, such as daily-deals sites such as Groupon, will also aid growth.
Latest News Development
Eventure Interactive, Inc. Enters into Financing Commitment with Rider Capital Corporation to Provide Equity Capital and Consolidate Existing Convertible Debt
EVTI has taken serious steps to shore up its capital position. The company said in this release that under a financing commitment agreement, Rider Capital Corporation has committed to provide Eventure Interactive, Inc. funding up to $1,500,000 to be utilized for working capital and the consolidation of existing convertible debt, thus minimizing the conversion opportunities of the convertible note holders into free-trading shares of common stock.
To learn more about EVTI please visit their website: http://www.eventure.com/
EVTI can’t get more attractive than this. Just 10.9 million shares in the float; strong news and a very accessible entry price. Sounds like a no-brainer to me.
Make your move now.
Your Friend,
Jeff "The Mirkinator" Mirkin
info@damngoodpennypicks.com
I Answer All Email
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