Long2retire - I don't have private messaging. Yes, 8.

In fairness to Jared there may be good reasons for the decisions he made but I am sure we will never be privy to the information that would allow us to see the justifications of his actions. GLTA

It wouldn't surprise me if that were true. In previous posts I have defended the lack of info based on legal considerations with WG and the SEC. It becomes difficult to continue to be patient and reasonable when you start to look at the ever growing pile of misjudgments and bad decisions on the part of Jared. I believe he was actually trying to finance the company with his actions but that became necessary because of the list of bad decisions, including hooking up with WG, that he made. According to Jared EESO would have done 8 million in business just on the stain pens in 2009 if there had been no agreement with WG. Looks like WG has done around $350,000 or $400,000 total that has been billed. Big difference in financial position. I wonder what the total sales including other products might have been without WG??? So no matter how you cut it Jared made mistake after mistake. I have the feeling that the company/products will survive Jared. I do not have ill wishes for Jared. I think it is obvious that he has been in over his head from the beginning. He may know the product but obviously doesn't know the business side. Again no bad wishes or ill feelings toward Jared but a desire to get someone in control that knows what they are doing on the business side. That is the only way this is going to turn out well for investors.

I am also retired and have done this for a long time. Have done reasonably well over all. I took a big flier on EESO thinking I had finally found the right stock at the right time. I would be surprised if there is anyone that owns more shares than me. If this goes away it will be a big loss but doesn't change my life. I will feel very bad for those investors that have believed and will suffer if this goes south. All I can say is if Jared is an honest person with good intensions (good Christian?) then he had better get his ass in gear and do whatever it takes to salvage this situation for the investors that have believed in him and EESO. He should not even be considering how he will come out of this. After the decisions he has made and the misrepresented info he has put out and then the total absence of info for going on 1 year he deserves to be at the very end of the line when it comes to getting paid back. I think that the SEC will structure it just that way by making him sell the company and no longer participate in management or ownership of any publicly traded company. All IMO of course. Best of luck to you and all the rest of us!!!

I have been a strong supporter of EESO/Jared from the time I started buying shares early in 2008. All along the way I have argued against every negative post from a positive supportive position. As I write this post today IMO EESO has a good chance to survive and bring the longs the return/reward we absolutely deserve. Having said that I must also say that the more factual details I find the more incompetent Jared becomes. I’ll point out 2 quick points and then leave it alone. First… An order becomes an accounts receivable/asset only after it is shipped. Until then it has no monetary value, period. So this is blatant misrepresentation. Second… To cancel 8 million dollars in orders is not believable. If there were an agreement with WG that caused orders to be cancelled that were taken before the agreement kicked in then the negotiator of that agreement is an idiot. If the orders were taken after the agreement kicked in then Jared/EESO did not understand the agreement they just recently committed to which also brings in the idiot concept. And even if the orders were taken in violation of the agreement I cannot believe that EESO and WG could not have worked out a solution to both profit by shipping the orders. Over the last 2 or 3 years NO ONE is walking away from shippable orders, NO ONE!
There are many more points that lead me to hope that the company is sold. I don’t think any new investor doing a reasonable amount of DD would touch any company that Jared is running with a 10 foot pole. He has proven beyond doubt that he is not capable of running a company. I don’t know Jared personally and perhaps he is a great guy with good intensions BUT that doesn’t count for anything in the cold hard market place. GLTA!!

Is there a published deadline date for a final judgment in the EESO vs WG case? Did this case go to binding arbitration?

Thanks Judy. I listened to that session live and came away with the impression that the projections were way over cooked on the WG end but was not very concerned about it because of the 25 to 35 million that had nothing to do with WG. I still hold that same opinion. GLTA

If I recall correctly when Jared was ask to explain his 136 million projections he said about 110 million of it was WG. He gave this explanation after the trouble with WG became obvious and public. I do not recall the exact timing of this explanation but it is definitely on one of the recorded sessions between Jared and share holders. Even without WG seems like there is a strong possibility of some significant business having been done over the last 20 months or so.

I am very anxious to get accurate information of the current condition of EESO.
BUT I do not want any gloss over PRs that don’t really tell us anything. I would hope that Jared is smart enough to have learned from his approach to past communications.
IMO that is part of the reason for the long silence is that he has learned. Also if EESO is in any kind of negotiation with WG or anyone else then it would make perfect sense to not divulge any details about the business. All IMO of course.

Alaska - I really have no idea about time frame but I am sure that it would take a long time, possibly 2 or 3 years. I also think it is a long shot at best that the SEC would distribute any funds in this case BUT it is a possibility. Best case senario is that EESO survives and the stock price rises and IMO this is what will happen.

I didn’t explain very well, sorry. What I meant was that all of the money generated by the sale of the unregistered shares is illegal profit because the shares should never have been sold in the first place. So if 1 billion unregistered shares were sold into the market at .01 per share then the total sale is 10 million dollars all of which must be forfeited to the SEC. All of the money generated by the sale of unregistered shares plus penalties should go into the EESO holding account. Then the SEC will total up the cost of the investigation and the court costs and take their money and the remainder could possibly be distributed to wronged share holders. This is the way it was explained to me. I don’t know if it is correct for sure but it sounds right. We’ll see. Anyway I am more interested in EESO surviving and doing well. Receiving money from the SEC would be an unexpected pleasant surprise. GLTY

If I understand it correctly all money generated by the illegal actions goes to a holding account for the specific stock that generated the illegal funds. So for EESO all illegal profits and fines that relate specifically to EESO will go into a holding account specifically for EESO. Then the SEC determines if it is cost effective to attempt to distribute the funds in the account to the wronged investors. If the SEC collected 2 million and it was going to cost 3 million to do the distribution then the SEC will keep the money. If the SEC collects 12 million and it was going to cost 3 million to do the distribution then the SEC will take 3 million for expenses and distribute the remainder.
Of course the SEC must determine if it is in fact possible to fairly distribute the money and what criteria will be used to determine who gets a distribution and how much they will get. I would think in the case of EESO that it would be easy to figure out and perform the distribution but the SEC has the last word, period. This was explained to me by a broker that has seen one or two of these so it is information that I think is correct but cannot guarantee.

Unregistered stock was illegally issued so the SEC will try to recover all money that is related to the illegal shares. That is separate from the actual business situation. So in a perfect world share holders of record during the problem period will be able to recover some damages from disgorgement funds and fines and the longs still holding shares will profit from the ongoing business and rising stock price. So yes we did get taken and yes we will make money on the stock. Double tap! GLTA

No one knows what Jared’s financial situation is. Maybe he is a trust fund baby. Maybe he has accumulated money from other sources over the last years. Maybe a relative left him a sizeable inheritance. There are many more possibilities. Your absolute statement that Jared screwed the company has no factual proof behind it, as is the case with all of the negative spin. You take a fact put your negative spin on it and present it as a new better fact when IN FACT it is only your speculative opinion. No offence intended, just pointing out that you have no idea of the FACTUAL DETAILS of what actually happened.

First – Jared is entitled to compensation

Second – The compensation Jared/EESO received from the unregistered shares, while being not legal, went to both Jared and EESO. Also we do not yet know definitively how much of the money that Jared received was put back into the company. No matter what the bashers say we don’t yet know how all of the money was used, no matter what the bashers say!

Third – If Jared was scamming why would any of the money gone to EESO?

Fourth – Doing the right thing has nothing to do with being Christian or Jewish or Muslim or Martian. It has to do with integrity. I can’t deny that I am very unhappy with the wrap crap. BUT if I had been in Jared’s shoes and had all of the information he had I might have done the same thing. No one yet knows why things happened the way they did because no one has the info that Jared had. We all have strongly held uninformed opinions that turn out to be wrong. There are times when we have an opinion about something and suddenly we get new more accurate info and we do a 180. When and until I have that information I will give the benefit of the doubt to Jared/EESO.

Fifth – Any one posting as though they know exactly what happened and why and exactly what is going to happen and why is promoting an agenda.

GLTA

It shows that the anti EESO contingent either doesn't know what they are talking about or are being intentionally misleading. I wonder why? GLTA

I’m not saying that I agree with Maui Dave BUT I can envision the possibility of what he is talking about. IF EESO is doing well and in fact is likely to be sold then it would make perfect sense for EESO to repurchase as much stock as possible so that Jared could put as much money as is possible in his own pocket. I am certain that IF EESO is doing good business that Jared would love to cash out and leave this nightmare behind. At the price level of the last 8 to 10 months it would be a tremendous difference to Jared. Can’t discount the possibility. IF …… GLTA

Razor, you got that right. Someday it will come to a conclusion. When the dust settles we will know what we have. Until then everything is speculation. IMO there must be something to preserve or the SEC would not agree to extend the settlement talks. Why would they waste their time? Would be nice if they can wrap it up without going to the 90 day deadline. 30 days would be nice! GLTA

There is no doubt that the SEC has thoroughly audited EESO and looked at all the information EESO has released to the investing public. No doubt! When the SEC has reason to investigate a company they take a real good up close and thorough look.
There are no charges for fraud or misrepresentation or dissemination of misleading information against EESO or Jared. The only illegality is the unregistered shares. Granted that is enough to pi** off the pope but never the less it is the only legal problem. So all the ranting about all the other crap is just that, crap. IMO

IMO EESO will survive but I am willing to admit to the possibility that EESO may not survive. Why is it that many that post here are so incredibly adamant that EESO has no chance to survive? The same posters use half truths with negative spin in a pathetic effort to try to prove their case. Some of the BS isn’t even half true it is total BS. This kind of reasoning can only represent a negative agenda. Trying too hard to bash puts a light on the real intent.

Either EESO will survive or it won’t. With all the factual info available IMO anyone that still thinks EESO is a scam is learning impaired. No matter which side you are on the answer will be obvious when this SEC thing is settled. Then it will be time to cook and eat the crow. IMO EESO will survive and will make money for the investors that have the foresight to follow their own DD on available facts and not listen to the nonsense positions taken by people who already know, with absolute certainty, what will happen months from now. If you know what will happen in the future how come you aren’t rich already?

Assuming that eeso is unsuccessful at fighting off the SEC request for summary judgment does anyone know an approximate time frame for the summary judgment against eeso to be announced? If the summary judgment is announced against eeso then would the only remaining obstacle be the WG problem?

What ever happened to the new 30,000 sq ft facility in Portage?

New possibility…. Just maybe the SEC doesn’t feel it’s in the best interest of the investing public to have Jared in control of any publicly traded company. Therefore he will be required to divest himself of his ownership in EESO (preferred shares) and have no management role in any publicly traded company. So Jared could sell his shares and we will still own ours with a new captain of the ship. That could be very good or very bad. Very good if acquired by a reputable company with resources to support growth. Very bad if someone like WG (they have no money) takes over. If EESO has in fact done a respectable amount of business, say 8 figures, then we have something very good to build on. IMO the 8 figures is the case but of course it is only my opinion. I will not be even a little surprised if Jared is forced to sell his ownership and we still own our shares. GLTA

You may be correct. But consider this....It just occurred to me that EESO may be interested in hiding their business info from WG so that EESO can maintain some kind of edge in the negotiations. There may not be any info released until the EESO/WG legal dispute is settled. Possibility?

I have called EESO once a day since the end of July and never gotten an answer, only the answering machine. I have talked with Julie, Jared's assistant, once or twice a month since January 2010. Just wanted to make sure they were still answering the phone. For what it's worth and for whatever it might mean in my last conversation with Julie, at the end of July, she said "there's a light at the end of the tunnel". I know the negatives will make fun of this but I am just passing along the facts of my conversation with Julie. I have left messages for Jared and Mark and received no return call. This doesn't surprise me because they could not say anything of importance until the SEC thing is resolved. All we can do is wait. After the SEC thing is resolved, hopefully by summary judgment because that is the quickest, EESO has no reason not to PR the details of their business situation, good or bad. Looking forward to getting the real info! GLTA

The one and only financial statement EESO put out, unaudited, showed 9 million in gross revenues and 3 million in pretax profit. These numbers are approximate and I use them just to make a point. Since the SEC started looking at EESO the only problem that has surfaced is the unregistered shares. If EESO was a scam or putting out false and misleading information the SEC would have that nailed down to the last detail by now and there would be other bigger problems for EESO/Jared. That is not the case. No doubt the SEC has gone over the EESO books multiple times with a fine tooth comb. Of course it is possible that EESO could evaporate in a matter of minutes with all being loss.
But IMO looking at all of the available information that seems unlikely. It would make sense to me that the WG/EESO problem would be solved by WG buying or somehow absorbing EESO retail/industrial cleaning products. The part of the business that does not encompass any cleaning products would continue on under EESO control. You know, like the pig poop product and any other products that are not cleaning products. Don’t you think that the summary judgment could be the compromise deal between EESO and the SEC? No fines yet, just disgorgement in the exact amount of illegal profits with interest. The possible reason for EESO going last is that the other defendants have settled and now can have no position to take based on EESO getting a slap on the wrist. In some form EESO will survive IMO. GLTA

Whats changed since 1-29-10?

Jan 29, 2010 17:19 ETEESO Progresses on Legal Issues and Moves Forward in 2010
FORT WAYNE, IN--(Marketwire - January 29, 2010) - Enzyme Environmental Solutions, Inc. (PINKSHEETS: EESO) is pleased to announce that they have resolved the legal dispute with Belmont Partners over the purchase price of their original shell for the company. The civil case filed by Belmont will be dismissed and there will be no future claims regarding the shell purchase. President Mark Murphy states, "While we did not agree with the claims of this suit regarding our original financial responsibilities in this matter, we are glad to resolve this issue and move on."

EESO continues to work on negotiations with the SEC regarding their complaint of failure to register certain shares that were sold in 2009. The attorneys from both parties are communicating frequently, have discussed a specific resolution and it is estimated that an agreement will be reached soon.

Legal negotiations are also continuing with Wow Green. The original contract that was signed by the two companies remains in effect. Wow Green has added another product line to their portfolio, which is allowed by the agreement. However, Wow Green will still be under contractual requirement to pay royalties on all products moved through the Wow Green multi-level marketing system, as outlined by the license agreement.

Business operations are continuing as normal at EESO. Product is being manufactured and shipped to existing customers. New customer development is progressing in Korea, South America and in the domestic US. Current plans are to resolve remaining legal issues and move forward to build the company's market share and increase its overall strength and stability.

EESO has also become involved in the relief effort in Haiti. CEO Jared Hochstedler escorted a orthopedic surgical team there last week and will be returning home this weekend. Murphy is leaving with another medical team today to relieve the first team. Hochstedler has family and friends involved in ministry in Port Au Prince and Murphy has been travelling to Haiti doing missions work for over 10 years.

These negative posters have no proof of anything and are totally unwilling to admit to even the possibility EESO is going to turn out good for the longs. Your right, they are making lots of noise lately. Must mean something good is about to happen. Of course they will take the new good information put their negative spin on it and continue to do anything they can to cause negative perceptions of EESO. It's really pathetic.

IMO It is certainly possible that EESO will disappear and all will be lost. It is also a possibility that EESO has been doing enough business to survive these problems and, in the medium to long term, thrive. Why is it that the negative posters see no possibility of EESO surviving while the open minded supporters of EESO can, for the most part, see both sides? As I said in a previously deleted post I have good reason to believe that EESO will survive these problems and end up doing well. My only problem is with Jared. The actions he took selling billions of shares at a 75% discount to market is absolutely criminal. I don’t think he will suffer any criminal consequence for these actions but he should. Clearly the only way EESO can have a bright future is for Jared to sell the company and have zero involvement. Creditability is paramount and he has none.
One very strong clue will come when the Judge announces the summary judgment against Jared/EESO, as the judge surely will. If, after that announcement, EESO moves quickly to give accurate information about profitability and share structure then I still think we have a winner. If Jared/EESO continue the silent treatment then IMO they are hiding the bad news. Either way we should know soon. GLTA

The goal of the SEC is to give the appropriate punishment for the offence and collect the appropriate penalties. If the company is real and not a scam, and it is very real, Then the SEC will also take into consideration the position of the current share holders and the company. IMO the SEC does not want to cause EESO to go out of business, thereby hurting all current share holders, and will penalize them accordingly. Protecting share holders is the primary job of the SEC. All IMO of course.

Thanks!

On what date did the SEC announce their investigation of EESO?

judypudy and maui dave.... I respect your wait and see attitudes and not passing judgement until the facts are known. And no matter what anyone says the actual facts of the business operation are not known at this time. In the medium term people still holding this stock are going to be glad they did and all the negative bozos will melt into another board and start their BS all over again. To the people thaqt are strong enough to make decisions based on their own DD and convictions best of luck.

I posted good positive information about eeso yesterday and it was deleted in less than 5 minutes. I didn't say anything negative or nasty about anyone just positive info about eeso and it was quickly deleted. Someone afraid of good news?? Good luck to the very few good people on this board and to the rest of you AMF. I'll bet this post is deleted in 2 minutes or less.

I have been in eeso since April 2008. A long tough ride to say the least. I recently, last week, spoke with a gentleman in Toronto and he assured me that his company was currently doing business with eeso. I won't give any more details of that conversation because I don't want to be responsible for starting another huge argument about the status of eeso. From my DD both old and new I tend to agree with Maui Dave that there will be good news in the medium term. I have always had confidence that this would turn out OK in the end and because of that I have continually added to my position. Obviously I could be wrong. All of us have taken our positions both pro and con based on emotions and our personal views of the PRs and other news. The only fact that I know of is that eeso is still doing business. Any other info is pure spectulation, not fact. No matter which side of this you are on best of luck to you!!!