{"id":6489,"date":"2015-08-07T14:11:33","date_gmt":"2015-08-07T14:11:33","guid":{"rendered":"\/?p=6489"},"modified":"2015-08-07T14:39:34","modified_gmt":"2015-08-07T14:39:34","slug":"eventure-interactive-inc-otcbbevti-jumps-on-news","status":"publish","type":"post","link":"\/articles\/eventure-interactive-inc-otcbbevti-jumps-on-news\/","title":{"rendered":"Eventure Interactive Inc. (OTCBB:EVTI) Jumps On News"},"content":{"rendered":"\n

Eventure Interactive Inc. (OTCBB:EVTI<\/a>) managed to surge 21.05% up the charrts yesterday, after announcing that it will be retiring some toxic debt.<\/p>\n

Investors were evidently pleased with the news that EVTI<\/a> <\/strong>means to retire debt and “does not intend to issue [stock until it reaches] the full amount of two billion shares”. Indeed, the increase in authorized shares was justified as a measure necessary in “order to satisfy future reserve requirements”. <\/p>\n

However, the fact remains that the company’s authorized share cap is now lifted sky-high, which leaves leaves EVTI<\/a> <\/strong>investors in a rather precarious position.<\/p>\n

Put quite simply – the only thing that currently guarantees the safety of EVTI<\/a>‘s <\/strong>investor value is the management team’s reassurances – and experience teaches that words covered by forward looking statements are not much of a safety net.<\/p>\n

Furthermore, even if EVTI<\/a> <\/strong>somehow manages stop note-holders from crushing investor value under an avalanche of cheap shares – which seems unlikely, given its history – there’s still the issue of its extremely meager financials to consider:<\/p>\n