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You have my sympathies SuperBee, I couldn't imagine doing my normal routine online but having to do it on a phone line. ouch.
PS No need to reply, don't want to hog your resources. haha.
The words you emphasized are very important in my opinion. Good sales volume coming from that demand will be the reason ETIM increases in PPS. And it is only logical that sales will increase as the new products are rolled out throughout this year and next year as planned, and then the next and then the next and so on... as long as we can continue to gain just one or two new licenses per year the sales revenue should continue to grow.
Yeah, PPS hasn't really jumped on any PRs lately.
They may be fluffy in terms of their ability to attract momentum types of trades, but they do outline the progress the company is making as it works its way through their plans and goals.
True as well. I wonder what the shareholder count is up to now. It was 1800 on pinksheets.com the last time i checked.
That is correct, Stocky.
Yes, getting a handle on the opinions that are worthwhile and the ones that are not is a difficult task here at times.
Good luck. haha.
I also think everyone is entitled to bring information and opinions. He did however say "if you are smart you will" in response to a post of "who would sell at these levels?"
Implying that it is stupid to be holding shares of a particular stock on a messageboard specifically focused on that stock isn't necessarily the most tactful way to go about adding ones opinions and information. Is it?
So I attribute the backlash to be a result of this lack of tact and maybe it is not necessary, but those with different opinions are welcome to share them in response as well I hope.
If I knew I was posting something that might be unpopular to the masses on a particular message board I would try my best to state the reasoning for my opinion and use facts and my interpretation of those facts to make my point. Even doing so in a respectable manner I might expect some lambasting, but at least I would know that it was only for my opinion and not the fact that I made my point in a potentially instigative manner.
HAHA...Friday should be fun...
If you are trading on a rumor, that is fine. buy on it sell on news. That works, umm, i think.. but it does seem that most big short-term gains in stocks are made on reports of good news. Maybe I just haven't been paying close enough attention...
Anyway, what can be discussed at the CC is up for grabs. it is a QandA, we ask whatever we want. Also major discussion points investors are concerned about have been put on the CC agenda by Eternal image per their pr:
"Topics to be discussed will include results of first quarter sales, product manufacturing updates, the status of the company's previously announced stock buy-back plans and more."
I think your major premise is rebuffed because many investors here are looking at the bigger picture, not just the so-called rumors. And as an investor, if the "news" is good, why would anyone sell on it? Good news means good things are happening and this new company is becoming more established and accomplished.
MaryKate. Do you have a way to "predict" what indicators do based on the closing price of a certain day? Like a program with the indicator formulas and past pps data where you can do "what-if" scenarios? Or do you just do the calculation manually using a potential close price in the equation.
Thanks.
-EH
I think it is great! If the composite has an edge over what else is available, I would hope that EI would either license it out to other producers or begin making non-licensed products themselves. Dare I say kings of the funeral industry...we know their aspirations are big in the pet game...
New question.
Does anyone know if EI's proprietary composite is patented?
Links or any info is appreciated in advance.
From the PR today:
"The caskets will be crafted from EI's proprietary composite and decorated with various woods and metals. "
Oh yes, odds are much greater in favors of the holders and buyers. While there are several points of interest that may be discussed at the CC which would be considered all- around "good" news short-term and long-term investors, I can't even come up with anything realistic that could be discussed that would be "bad" news. Only potentially something like "xxxx is taking longer than anticipated" which might drive away short-termers.
I think you are definitely right. Spread keeps them in control right now.
Do you think it is because the MMs anticipate high volume tomorrow and are preparing for it?
looks like the MA50 has crossed the MA200 as long as we close in this range or higher, right?
Morning Bee, Fivestar, and the rest
I woke up this morning thinking it was Wednesday, then I realized it wasn't and was disappointed. I'm ready for that CC!
Pete is exactly right.
Questioning whether or not a buybck is in the best interest of ETIM is understandable, and people speaking on both sides have reasonable points.
BUT, Eternal Image management stated that they will be buying back shares. Because THEY stated this, if they don't do it, then that is a folly on their part.
Knowing that it is always in their best interest as a company to maintain high standards of culpability concerning their business plans and actions, I personally can't conceive of a situation in which they would plan a share buyback and announce it without first having determined that it would not affect growth and future operations. I expect them to follow through. I have faith and trust in them.
So as of now, the facts are that EI determined a share buyback is best, and have planned to do so. For any new/novice/old/long/short-term investor who wants to consider this part of the equation for owning shares, it is valid.
We will all know more after the CC.
Cheers!
for the sake of the trader, i hope so.
Crazy! Was that a market order to sell that the MMs took advantage of?
I believe you are right. Didn't EI say that shares would be bought back from time to time as the market dictates? I assume this to mean they will be (or have been) bought on the open market.
Morning fivestar, MrSparks, and all others here. This week just feels exciting already. Is it Wednesday yet? haha
Greetings,
I don't know if this answers all of your questions, but here is the pr concerning the 504 financing. There is another pr in which they state a plan for buying back a meaningful and significant number of shares.
So basically the idea is this: Dilution is over! We want to show the investment community that we understand concerns over share structure, so we are buying back shares with cash generated from revenues to build confidence and move FORWARD and away from negative impacts of our previous dilutive financing.
Hope this helps.
Good luck.
Press Release Source: Eternal Image, Inc.
Eternal Image Completes Sale of Stock under Rule 504 of Regulation D
Friday February 16, 12:08 pm ET
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Eternal Image, Inc. (OTC:ETIM.PK - News), a public company engaged in the design, manufacturing and marketing of customized designer caskets and urns, today announced that it has exhausted its available pool of stock shares saleable under Rule 504 of Regulation D of the US Securities and Exchange Commission.
"In order to properly fund much of our early growth we sold shares under this rule of exemption," said Clint Mytych, CEO of Eternal Image. "Now that our products have begun to reach the market, and because we are well into our plans to complete our audit for the company's move to the OTC Bulletin Board, we have exhausted the number of saleable shares and have now concluded this process."
Eternal Image is seeking to make the move from Pink Sheets to the OTC:BB in the coming months. In the meantime, the company has begin selling its first Vatican Library Collection(TM) urns (the Li'Italiano Classico model) and pre-selling its American Kennel Club(TM) pet urns. Sales of both are strong. Additional products including the first eight Major League Baseball(TM) team urns will be available next month.
Hey, did I miss something? why gap on Monday?
Hey guys. Just bought about 2.5 mill over the last 30 minutes or so for my Dad's account. All at .0065. anyone else want to help ? ...
haha. i wish i could too, but you are right, maybe some one close by can get loaded up with flyers to hand out.
Who is down for a trip to CA to represent EI at the pet expo?!?!?!
...anyone?
I think that with ETIM the intangible assets are very hard to quantify at this early stage. The assumption I make is that ETIM is undervalued because I weight the licesnsing deals very high in value since they are competitorless thusfar.
jjack - maybe there is confusion over your use of the term "revenue" when maybe you mean "profit" or "net income"?
Either way, the numbers look pretty good for such a new company, and that is only one product!
That is a good question. At some poit it seems that more employees would be necessary, although, so much work is contracted out that they should be able to keep the structure nice and lean. This does appear to be an emphasis.
You know, I thought the same thing after going over the questions and trying to think of what could be asked. Almost everything we need to know is being made available to us by the company. They do a great job of keeping us informed about progress, achievements and goals.
It's kind of like fishing, a lot of waiting around at times, but by the end of the trip the take could be quite handsome. One catch at a time. Slow and easy.
If you are disappointed that the pps isn't .01 this week, then maybe you are correct, this stock isn't exciting.
Several posts have given several realistic reasons why the PPS now will be significantly less than the PPS at some point in the future. Just because those aren't good enough reasons by your logic doesn't mean they aren't realistic, because they are. No one knows exactly when it will trade at any particular price but EI will be bringing in more revenues with more products available and with more distributors selling the products at this time next year, and that excites me since I think the PPS will reflect the fundamental business growth.
I don't get it, this company is brand new and is generating interest and sales quickly while still developing products and making business partnerships. Which of the past months has not had any exciting news for an investor? What makes you think that any of the next months won't either?
I am enough excited about the future of ETIM for the both of us and most investors looking at the big picture are as well.
Most stocks do rise in share price as revenues grow. I am sure there are examples of everything.
To say there is no excitement is completely false. Have you missed all of the media exposure?
And if there isn't enough excitement for you now, then check the posts of J-Rhino, as they have several items listed that should/will be happening in the future that will generate momentum-style excitement.
Revenue numbers should be the reason this stock goes up. Revenue should grow every quarter for the next couple of years at least.
Cowboys should be on that list too.
Nice job on simplifying the list of questions.
Thanks for your efforts.
There is another one I am curious about which might go in the miscellaneous category - Does EI have future plans that reach beyond only licensed funeral industry products and into a broader funeral products line including non-licensed designs?
I have been very impressed with the designs of all of the product lines so far, and wonder if having "regular" (non-licensed) designs that are just as stylish and classy is something they have considered. It could make a much larger piece of the industry market share attainable, especially if the Eternal Image brand becomes more recognized and respected within the industry and to the public.
Hey Shadow, I know you were making a joke, but one person can actually have more than one urn. Friends and family memebers may divide the ashes so more people can honor and remember the departed. Now, multiple caskets, that might be stretching it bit. haha.
Just to be an antithesis to all of the folks planning to buy when the pps falls to .xxxx price, I wanted to tell the board of my plan for purchasing ETIM.
I will have some new investing cash coming in to my account in the next week and I am going to wait to buy another million until the PPS reaches .01!
It appears that there are some poeple with a sell target there, and my order will be waiting to buy some of their shares and support the price.
Cheers!
Would you consider .0065 a satisfactory test of MA10, or does it need to go lower? It looks like there is L2 support at the .0065 bid and not much trading there.
Investing in a company you believe in and holding on to that investment does not constitute greed, in my opinion.
I don't understand how anyone who invests can say that another investor is greedy without considering that they themselves are doing the same thing. Trying to make money.
Some invest for longer time frames than others, but the goal to make money is still the same. Fortunes have been made and lost with all kinds of trading/investing styles. One is no more inherently "greedy" than another.