Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You are as adept as me at finding subtle ways to suggest buying or selling. Yes, you are right. My perception is only one among many possibilities. Everyone should make their decisions based on their own reasonings, sound or otherwise.
For those of you who see ETIM management being secretive and manipulative, you should all be buying now. Think about it. They released the bad news. That implies whatever they might have been doing (according you your suspicions) that would have negatively affected the PPS is done. I think that's why we've bottomed here at .0018ish.
No one knows if we'll go lower, but you gotta place your bets sometime, or you'll never make big money.
GLTA.
I recommend reading this entire post. Sounds like what happened to ETIM, only the last PR worked heavily in the MMs favor.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24957676
What about signing up with Costco???
IMO, the buyback was for symbolic reasons only. They don't have money to do a meaningful buyback, but they did promise one. Of course, I'm sure they were serious about a meaningful buyback at the time they announced it since they thought they would make $3.1 mil this year.
Yes, it is very suspicious. But the next step, which I think you are failing to do, is put their actions into context. Did they engage in such activity for their own benefit or for the benefit of the majority of the shareholders?
- If you are of the opinion that ETIM will ultimately fail, then yes, they were duplicitous in their actions.
- If you are in ETIM strictly for a quick flip, then yes, then yes, they were duplicitous in their actions.
- If you are in ETIM because you think or want ETIM to succeed, then ETIM did everything they did to keep from drowning.
Tough times call for tough measures. I kind of like it that ETIM did what they did. The flippers got burned bad and I feel no remorse for them. I'm not saying flipping is bad -- I do it all the time. I just don't like flippers in stocks that I'm long in and I think flippers have hurt the PPS as much as the actual performance of the company.
JMHO.
Thanks for finding this info and posting. It's the supporting information for my previous post, but I didn't feel like digging it up.
What would you rather have had ETIM do? Those shares were used to pay for services and pay back loans. Had they announced the bad news and caused the PPS to tank, they would have been forced to put themselves at the mercy of loan sharks (think convertible debentures with strike prices that are a fraction of what the PPS is today).
ETIM has intelligently and strategically played their last hand. We all know, from studying the financials, that they will run out of money this Q, if not next, and there are pretty much no more shares to use as capital. So let's all hope and pray that the uplisting goes well so that they will be able to find funding from banks and other investors that will not require the toxic type of loans that cause so many pink companies to go into death spirals.
I'm comfortable with the max $2k allowance for vehicle expenses considering that they've got the most to lose. JMHO.
Why do people keep thinking a R/S is necessary to uplist to the OTCBB??
What bums me out is that between March 2007 and Sep 2007, we only had revs of $85,364. What excites me is that estimated revs for Q4 is $250k! Given that we're 2 months into 4Q, I can't imagine that this estimate could be so innacurate as the previously given year end projection of $3.1mil.
We had MLB products selling since March 2007 and Dog urns....in September, I think. It shouldn't take 6-9 months to book sales. So there are 3 scenarios, imo.
- Our products are hitting distributors on consignment.
- Our products didn't generate any demand until recently due to the Vegas event and the plug on Fox Business News.
- The lack of sales during this period is due to production issues.
The uplist paperwork has been drafted and is waiting for ETIM management's approval before submitting. This time for the review should be minimal, since the work has already been done by the experts. More a formality than another in depth review. I bet we see it sooner than later.
With the paperwork filed before the EOY, I'd expect approval before the end of 1Q. And I wouldn't be surprised if ETIM has been actively engaged on finding funding that is contingent on ETIM being traded at least on the OTCBB with the transparency that this provides to more conservative investors. ETIM has very little long term debt. If they can secure a loan large enough to sustain them through to profitability, then we will be golden.
We got lemons this morning. Give us the sugar (uplist filing) so we can make lemonade!!
The $700k inventory is made up of:
- Finished Goods
- Work in Process
- Raw materials
Let's hope this is all expected to be consumed in the first Q of 2008.
Does anyone have a copy of the last set of financials? The one that was for period ended March 2007?
Yuck! The numbers are no where near even my lowest expectation. At least we can assume 4th Q projections are fairly accurate considering we are already 2 months into it.
At least some pressure has been released by finally getting this info out.
Anyone else feel that we are thisclose to getting all the PRs we've impatiently waiting for? Tomorrow might be the last day to get cheapies. I feeeeeeel it.
Unbelievably cheap!!!
You have a point. The current state of the PPS is a reflection of investors' confidence in ETIM. When the PPS was holding at .0055, I believed it was fairly valued. The difference in PPS between .0022 and .0055 represents the uncertainty from the lack of news reaffirming the prospects for ETIM's future success (I also believe that some of this difference is MM manipulation -- of course, you could argue that MM manipulation is a derivative of the underlying reason for the decline in PPS).
When news comes out, investor confidence will be restored and depending on the quality of news, we could base much higher than the .005s.
GLTA.
Perhaps you should contact Tony and suggest to him to have ETIM management post some kind of generic non-specific update on the investor's page of the website? But then again, what good is something that is non-specific and generic? And there will be those that complain that the information contains nothing new. They are damned if they do and damned if they don't. I am frustrated as well by how long it is taking, but as I've said, that is their only bad habit -- they've always followed through eventually on their promises.
They could make it all up to me if instead of putting out a PR stating that they finally filed for uplisting, they put out a PR stating that they filed for uplisting months ago and the SEC has finally approved them for uplisting.
Do you take this as a good sign? If so, how?
PRs starting to flow again. These are just teasers to wet our appetite. Main course is coming!! I'm famished and am ready to feast.
Are you saying you had shares for sale at .0023 but it never got filled. And instead, shares were filling at .0024 and you recently decided to cancel your sale order? It doesn't make any sense.
This may very well be true, but once this PR is out of the way, whatever news ETIM has not yet PRd should move the PPS. Yes, I am assuming there is good news in those forthcoming PRs.
Yes, I agree that RL's is not an insider. Incorrect wording on my part.
I've observed much worse manipulation by MMs on other pinkies. Our financial markets are gamed and pinkies are the most easily manipulated. Watch the presentation on this link:
http://www.deepcapturethemovie.com/
This is why I will be very disappointed if we don't see the uplist PR within the next 2 weeks. From an email correspondence with Tony:
"...we are still awaiting finishing touches by auditors and lawyers on the uplist application. Should happen any day now."
Lots of volume this morning. I wonder if it has anything to do with Bee's post of the month?
IMHO, Scottrade is engaged in illegal manipulation of the stock since it is they that produced that false insider transaction report. I have assumed that the information Bee got from her digging is truth.
There must be a lot of demand for shares (support) at this price level, since if there wasn't, I'm sure the MMs would take it down more. Now they go back to work slowly attacking the PPS...and I fear they will eventually break through that floor if news is not forthcoming.
Waiting for 2008 for the PPS to move is one thing. Not getting the PR for the uplist filing and other news we're all impatiently waiting for is a whole nother matter. I have stated that the company has not failed to follow through on their objectives, but I would be thoroughly disappointed if ETIM does not file the uplist paperwork soon (within the next 2 weeks).
I feel your frustration. The responses I've been getting, and I'm sure others have gotten the same, is that its up to their lawyers and accountants to finish their work. This is a step that can't be rushed no matter how much we or ETIM management want to. I trust that I am being told the truth because they have not given me any reason to doubt them. They learned from their mistake the first time when they announced a time frame for getting the AFs out. This time, we only hear that it is very close. I believe it is very very very close and the last of the letters are being dotted and crossed. It feels similar to the time just before the AFs finally did come out. Time to pick up more shares this week. GLTA.
Well, it looks like I added shares too early as the seller(s) isn't done. I was surprised that the large volume of buys at the ask midday was not able to absorb all the shares. Personally, I think that with the failed attempt to break through at .0031, those that picked up trading shares at .0027 decided to flip at .003. Hopefully, they decide to buy back in at .0027 and the buyer today is in it for the long haul. With Thanksgiving upon us, I doubt that the lawyers and accountants are busting their butt.
If you don't mind, what resource did you use to find this info? TIA.
Are you certain about the MLB urns? According to ETIM's MLB page, those urns were available at the end of the 1st Q.
http://eternalimage.net/mlb_page.html
Btw, I've been known to split hairs. I may be doing that now.
Bee,
Did you post a few days ago that ETIM hadn't begun selling MLB urns until the 3rd quarter or did I misread?
I recall that pet urns were delayed so those sales didn't happen till the 3rd quarter. MLB and Vatican urns were available since the end of the 1st quarter.
Just clarifying...maybe just myself.
"You see the pace at which the lawyers and accountants move. Very frustrating for all concerned."
Rather than asking someone else show you the light, why don't you try corresponding with ETIM's IR? Don't tell me you would trust things posted by anonymouse iHub posters over information straight from the company. And be realistic in your correspondences. No point in asking for anything specific that they haven't made public yet since that would be like giving you insider information. They may have been off about their estimates on when things will happen, but so far, they have always followed through. Its up to you to see the light. If you don't and see no hope, why not just move on instead of trying to bring others down into your hopeless misery? Thank you for your time!
I think we destroy it tomorrow!!
I wonder what caused the spike in November at the beginning of November.
http://www.alexa.com/data/details/traffic_details/eternalimage.net
Okay, works for me again. I kept getting a page stating "Service Temporarily Unavailable".
Anyone else unable to access the website?
How much did you buy if you don't mind sharing. TIA.
I started early and picked up more shares. Weeeee! Does anyone know if MMs can fake the bid/ask on L2? Cause with so much on the ask, it took a while to fill 400k shares and they did it in 5000 blocks.
OK, last response to you and then you're on iggy. I am confident in my research of ETIM that the "plummeting" PPS only serves to help me increase my position. Seems like you are the one with the insecurities. I'll take you off iggy after the PPS hits .04. I hope you are man enough to take your lumps then.
Adios.
The best we can do is to evaluate the PPS at the end of the trading day.
- If PPS is lower, then more selling than buying.
- If PPS is even, then selling equals buying.
- If PPS is higher, then buying more than selling.
JMHO.
What crew? Why do you have a problem with me thinking that my investment is going make me a lot of money?
I predict we run up to .04 on the next set of PRs. Its gonna be a great ride!! Weeeeeeeeeeee!!