Well, now we know what happened to Stevens and Stapleton.

These reverse mergers make no sense. Exou shareholders have given up 80% of the company, including control of the board. We're left with 20% of a company that we know virtually nothing about. They've never made a single SEC filing (to my knowledge), except that the "post-merger entity" (including exou) had revenue of "approximately" 5 million in December 2009. In the PR they extrapolate that to 60 million. That's all we know.

So the diluted market cap is now about 100 million, for (maybe) 60 million in revenue, and no clue about earnings, cash flow, debt, etc.? We don't even know what will happen to Exou's previously announced contracts. For all we know, Evergreen doesn't even care about exou, they'll just use 'em as a shell company.

The whole thing is frustratingly opaque.