Eventure Interactive Inc (OTCBB:EVTI) has been struggling to maintain its head above its water while battling unattractive price movements.
The firm has had to employ various strategies to try and maintain its profitability and position. Among those strategies includes include terminating the use of its PRER14C Information Statement. The company’s officials state that the decision was to boost the amount of authorized common stock to 2 billion. The firm also terminated an equity purchase deal with Aladdin Trading that they had finalized exactly one year ago.
The decisions aimed at providing a better overview of the company’s current capital support structure. It is also a strategy aimed at building up a stronger financial plan for the long term duration.
Eventure Interactive Inc (OTCBB:EVTI)’s chief financial officer Michael Rountree revealed that the management is still seeking other viable alternatives that will help boost the overall capital structure. The firm is however limited to working with the available funds from the investors. Eventure is thus working on a model that will provide more value to shareholders over the long-term. This way, they firm can acquire the necessary financing.
The recent changes are enough to help the firm achieve its short term and long term goals. The company released news about the implementation of its business strategy in August along with numerous goals and milestones to keep investors informed. Eventure’s products are tailored to give users the optimal event experience. Not a bad strategy because in the long run, it creates a loyal customer base.
According to the company’s CEO Jason Harvey, Eventure will continue to work on the internal objectives that support the achievement of the overall business plan. It will also help the firm to adapt to the changing customer environment. Eventure can keep up with statistics from its customer base through a beta app that was introduced in 2014. It has been a significant tool for the firm to achieve numerous operational objectives.