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The great news was preceded by great volume. why? why? why?
I bet a lot of you are suprised with the negative reaction in PPS to the ESPN news this past weekend. I'm not. In my opinion, this PR blitz is part of a planned strategy to help ______________________________________. You can fill in the blank.
I don't think its a coincidence.
I remember all those PRs last year about signing on distributors. I recall the grossly disappointing sales projections, which I bought into. They missed their last sales projections too -- 4th Q sales SUCKED! So, like I said, they are growing in every aspect EXCEPT sales, it seems. Your belief that sales is growing is pure speculation -- my wanting to see actual sales growth is based on fact. How is the company growing in every direction except sales? They keep dipping into the ATM known as the stock market; i.e., the retail investors. Good luck. I will continue to wait to see that EI is on more solid footing before being lulled into buying even 1 more share....that is, unless I see an opportunity for a quick flip.
lol. How long have you been here? I was a bag holder when the pps was at .02. I sold at .035 and was told by many it was too early. For a short while, it was, but now, I'm waiting to see the sales numbers before I decide to hold any more bags. Good luck with your position.
Without sales to support growth, all your rosy ruminations will just keep you trapped thinking you will someday make your money back and maybe turn a profit. So far, growth seems to be happening in every aspect except sales. Until I see sales growth, this is a stinky pinky and management will continue to behave as such. All IMO.
Oh I think this company will succeed. But I'm not fond of putting money in only to have insiders take it all or give it all away to "special interests". I am looking for opportunities for quick flips until they have finally turned things around, not only sales wise, but the way they conduct their business toward investors -- the retail investors.
I acknowledge the company is growing. Uplist, increased distribution channels, increased publicity....but none of this matters without sales. The company is obviously doing whatever it thinks is necessary, including engaging in bad behavior to keep the company alive and growing. Understandable, but not appreciated. They would be deserving of praise if they consistently acted with integrity.
You should be happy with your rosy view of EI. Don't let me bring you down. Just be careful not to fall into the natural tendency of people in general to justify and reinforce their decisions, good or bad.
ALL IMO.
Same old tired tactic. I have been soooo very impresed at the sales numbers from all the distributors EI sigmed up last year. Come on EI. What are the sales numbers for February???
Yeah. OMG, really? Man, that HILL must be a big player.
No, I think I shall stick to my strategy. Who knows, the PPS might spike again, and I will have missed a run. But who knows what the PPS is going to look like after the sales numbers are out. If they are really good, I will have plenty of time to make money even if I buy at much higher prices. If not, well, I MAY be there to pick up shares from the mob running for the exits.
I was thinking to myself last night about if I should take a gamble and buy in in order to turn a quick flip when the uplisting news came out. But then, I remembered how it went last year. Good PR after good PR but the PPS kept dropping. And we found out why. Insiders were selling shares. So, is the same thing going to play out here? I hate to say it, but there is a good chance.
Oh, and yeah, I believe this is good for flipping only, imo, until I see the sales numbers. EI seems to be playing itself to being a very open company with all these PRs lately. However, they aren't giving the most critical information. I wonder why? They did it for January....again, I wonder why? And why all these PRs AFTER the big P&D?????? Who are they trying to benefit? Play a straight game for once EI. ALL IMO.
That's what I'm waiting for.
No, that "one" seller doesn't have me convinced of anything. I don't know what is going on, but (IMO) EI was somehow involved in the volume spike and subsequent hype. My OPINION is not based on hard facts, but based on an extrapolation of past behavior. We shall see. To my credit, I was right about the PPS coming back down to pre-volume hype levels. Well, we aren't there yet, but at this rate, we will be shortly.
Great news. So why the downward share price movement? I maintain that EI throws crumbs at its investor base while they and their "affiliates" reap the big rewards, whether it be fundraising for themselves or for the company. They think that these PRs will appease those shareholders that bought into the recent volume instigated hype and are now sitting on huge losses. This isn't the first time I'm seeing this pattern. All IMO. I am even more convinced of waiting for actual sales figures for 1Q before throwing any money at EI stock.
Welcome to the club.
Just a guess, but I'm thinking TONY wrote him an email telling him to keep the faith and just wait till next week. That's what he wrote me last week and with the AS reduction news, the PPS went south. LOL. Eyes WIDE OPEN!
LoL! Good Luck.
Clearly a biased opinion since your side business is closely linked with EI's. Is there any legal reason why you can't share your sales numbers? Like I said, I am highly speculative about EI repeating January's sales performance...even more doubtful about actually beating them. ALL IMO.
I'm not convinced. I'll wait for 1Q SALES numbers before fully committing again. I will, however, put a little money in if EI puts out a PR or states on their homepage sales numbers for February, assuming they are at least $200k.
Sellers are not weak, imo. Sellers are being prudent considering the train wreck that took the share price from .02 to almost .05 and then back to where it sits now. And on top of that, the company gave themselves a huge pat on their backs....for what??? Uplisting, WHEN it happens, is a huge step forward, but it does not warrant a bonus, huge or otherwise. Sales growth leading to share price appreciation leading to increased equity for shareholders is what warrants such huge bonuses. No, sellers are not weak. I can just as easily say that buyer's lost their heads during all the excitement the past few weeks, but that isn't true either, is it? No, sellers are prudent. All IMO.
I also don't see how the company could justify giving themselves so many bonus shares. What chance do we retail investors have when everyone else, including the company, keeps gorging themselves on the equity we've put in!! Gaaah!
Those that think that a report put out by some stupid stock pumping site is the reason for the huge volume last couple weeks are naive, imo. They knew information earlier than the rest of us, imo. How did they obtain that info?
T-shares is not counted as OS and calculations on a per share is based on OS.
Excellent post. Good questions raised.
LOL! Do you think it worked?
I didn't think this way until EI hoodwinked me one too many times. They have to urn my trust back.
IMO, the huge volume of shares all last week were moved from knowledgeable hands to the retail investor. Now its the retail investors holding and further consolidation will take us down lower. IMO IMO IMO IMO. We shall see.
267m t-shares is still enough shares to NOT be considered closing the ATM, IMO. But I do agree with the sentiment that they have at least expressed more confidence in their ability to generate the revs they expect this year.
Well, with the new share structure, I am more relieved. The increased OS is upsetting (even if it is restricted), but not surprising since it was a given that the company would need money to continue operations.
EI should take a couple more steps to further entice potential shareholders: 1) state the terms of the restriction -- it would suck to find out the restriction only lasts until uplisting is compelted. 2) state sales revenue for February.
Finally, it would SUCK to find out that NAR got those restricted.
Oh, and I forgot to mention, I am still suspicious that the company is involved somehow with the crazy number of shares traded. If nothing else, then someone at least got a tip off from the company about the contents of today's PR, IMO.
"1.5 million is that ALL?...."
If that is all, then why did EI have to revert to a CD for just $650k????????????? Eyes wide open and with some perspective.
I'm still put off that a link to such a scam site was sent to me by Tony. I told him as much -- and for those of you who think I don't hold back when I post here, Tony will beg to differ.
He is the IR contact. I've expressed both positive and negative sentiments through him. Its a tough job, but I'm sure he gets well compensated -- I hope.
Reason I'm asking is because its the link Tony sent me a few days ago when I sent him a nasty email.
Is the report accessible by anyone or do you have to register with the site? Cause that link looks like I've got to sign in as an affiliate...do you know if its a paid membership?
Was this the paid pump site pumping this week that everyone's talking about?
Anyone confirmed whether it was EI?
I think its worth repeating that NAR's cost basis for ALL their shares is .0006.
EI should have saved their money on this last PR and used it next week instead to put out sales numbers for February, since they did it for January. I would think that showing consistency in sales growth would be vital for EI. (edited to read no so harshly as a courtesy).
BTW, stating my opinion of a PR is considered off-topic by some. I find that strange, since a statement like "Oh Brother" reeks of opinion. I wonder if it would have been considered off topic if I posted "Yay!" instead.
ok, what about IMO, Oh Brother!
Everyone's entitled to their own opinions.
My posts were not meant for the happy crowd. It was so that those checking out EI for the first time can be made aware of all the negative as well as positive things (by others) about the company. Past behavior is a very good indicator of future behavior, imo.
Also, I am upset that by forgiving/forgetting/dismissing EI's past behavior so quickly, EI will consider it status quo. If this volume and price appreciation were due to some credible factual event, then I would have far less suspicions.
But since people here see my posts as only pi**ing on their good times, then I will let them have their way and no longer post until after the balloon pops as I think it will.
Again, I say enjoy the ride, but remember to get off. No reason why the retail investors shouldn't make money off of other people's manipulations. I sincerely hope none of you are left holding the bag, even those that have not been so nice to me in their responses to my posts.
Good Luck.
Agreed.