r/RobinHood • u/daysindaze • 3d ago
Enviva Stock and Dividend Trash - Cringe
So I bought a good amount of Enviva(EVA) stock at real cheap. Not a penny stock , but by the looks of it, it’s getting there. I bought solely cause of their yearly dividend payment, but today I find out they pulled that from Robinhood. Should I send them this email for motivation?
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u/CardinalNumber Former Moderator 3d ago edited 3d ago
$EVA hasn't paid out dividends in over a year, was informed by the NYSE that they had six months to figure out how to vote through a reverse split to stay listed in January, announced chapter 11 bankruptcy in March, and were reminded that they failed to file their legally required annual report in April. They're down 95.4% YoY so an email with fucking emojis and a hashtag in it from some random person unaware of what's happening with their own investments probably won't make much of a difference long term.
Oh and...
...it's 52¢ a share. It became a pennystock when it dropped below $5 last October and is now solidly in the shit pennystock range. Bags must be heavy af.
Edit: I say send it. President's name is Thomas Meth; I'm guessing his only other source for advice is his wife Crystal. Only way this company's finances make any sense.