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EESO is already a registered security....as long as it stays on the pinks that's about as far as it has to go with the SEC...that's contained in the 'various reporting requirements' part. Thanks for the link though..that's some interesting reading.
-Dave-
You're only half right I believe..that would only apply if the company left the pinksheets and the 500 shareholders were registered holders and not 'street' holders. The SEC does not require any regular reporting from a pinksheet company..audited or otherwise.
-Dave-
Why? so you can have the kind of complete confidence that you would with those bigboard stocks and their audited financials that for the most part turned out to be big lies?? That concept worked out real well for everyone didn't it? 'Audited' is highly overrated and the bottom line is that it boils down to whether the company is run with integrity.
-Dave-
Well you got it half right....the other half would be that pink financials are not ever audited..or if there are any pinkie companies out there that do I'm not aware of them. Unaudited financials are probably one of the first things you should be aware of when investing/trading a pink. However, after looking at Scott's pics of their operation and production, and the notes from the CC I have no doubt EESO earned every penny they claimed on their financials and I'm pretty certain the forecasts will be on the money or well in excess of them.
-Dave-
Scott, that is a noble endeavor. However, I would really like to see you take care of yourself first by getting out of your collapsible trailer and into a real one with all the works like plumbing and non-pirated electricity and cable. I think you'll get there..I'm thinking this is gonna be EESO's week and tonight is just the start. I'm also of the mind of some of the other folks here..how anyone can sell one share of EESO at this point is beyond me. But, like they said...some of course, will. No worries though. There will be plenty of buyers I believe. I'm out for the night. Take care and think about doing what I said.
-Dave-
Thanks for the pics scott...and do you really want me to answer your question in regard to the hairnet? ;)
-Dave-
You are correct sir! Another part he's forgetting is that EESO 'ran' prior to any mention of financials and actually started just after Jared said he would NOT be releasing financials. IMO the financials are gravy and don't have that much to do at this point with how the stock performs. So, the logic really doesn't add up.
-Dave-
Uh yes....your post confirms my assertion that the info is given out at the direction/permission of the company and it IS NOT the arbitrary policy of transfer online. I guess the other 298 don't won't their info given out. So what? What does that have to do with EESO? So, yes EESO will beat those odds if that's what you want to call them. Personally, I see no odds to beat...If the company wants their info given out transfer online will give it. If not, they won't. What exactly is it you are trying to accomplish? FACT-EESO has NEVER gagged their TA...even during the relentless dilution earlier in the year. No reason to believe they will start now.
-Dave-
Good point on the AS/OS..the AS can be checked rather easily. I didn't think of that. Also, after looking a little more at TO's website it seems that you can register and login to view information..I'll look into it a little more when I get in tomorrow night...if that ends up being the case, that's actually pretty cool...
-Dave-
I certainly hope so..in any case, you can bet your last share of EESO that half of the bunch on this board will be on the phone to the TA tomorrow and the other half will be calling Jared...even if it turns out to be true I'm rather certain that it will be quickly corrected. On another note, for those who check....EESO is not listed as a client on transferonline's website yet.
-Dave-
I don't doubt you. However, alot of that could have to do with the companies you were calling about..is it plausible that an agreement was made between those companies that wanted their numbers gagged and transferonline that transferonline would just say that it was their policy to gag all OS/AS requests in order to protect the company?
-Dave-
Some of them need to learn how to draw a trendline LOL....
-Dave-
The IHUB board you mentioned does show a note that Transferonline has a 'gag policy'..however, that 'blanket' gag policy is not mentioned on it's website. I just think it would be prudent to confirm it as it relates to EESO stock before starting up the rumor mill. If it does end up being the case though, I can almost guarantee they will be 'fired' just like pacwest.
-Dave-
He doesn't have one with the TA..grabbin at straws..it's EESO's PPS that is bothering him...didn't get low enough for him and the crew to get in and flip it.
-Dave-
Transfer Agents are gagged at the direction of a company..not of their own decision. Why don't we wait until someone actually makes contact witht the TA before you start spouting that kind of nonsense....is there any level you won't sink to when it comes to EESO?
-Dave-
FWIW NITE is at .0155 X .016 just below HDSN..I'm using quotestream and having no problems.
-Dave-
Agreed.
-Dave-
And credibility and transparency is what it's all about no matter what exchange you trade on.:) However, OTCBB can be done without much problem if they can start filing regular financials. I think that's the best we can hope for right now.
-Dave-
No there does not HAVE to be...EESO can also cash for stock offer to shareholders, retire the share structure and IPO a new share structure. Even so, it's going to be longer than a year before that can happen regardless of what their PPS is. There are alot of other requirements other than a threshold PPS.
-Dave-
That will be nice but, through no fault of his own, it'll take a little longer than that.
-Dave-
http://www.sec.gov/answers/listing.htm
I can understand how you feel..trust me but, this is the deal ....there are no games being played by the MM's, EESO or anyone else. The problem is that alot of folks are getting impatient and nervous. That is a big problem and here is why...
There are basically two groups of buyers. One group, like some of us...bought in when it was in the trips..the other group bought in between .02-.04. The group that bought in low is watching their huge profits get smaller every tick and are hitting the bid and punching out..can't blame them. The group that bought in high is watching their losses get bigger and bigger with every tick and hitting the bid because they can't take the pain anymore...can't really blame them either. It's not a very good combination to say the least because it keeps relentless selling pressure on the stock. The only thing that will release that pressure is for one of the groups to completely sell out.
Personally, I hope it's the group that bought in really low..they're the most dangerous to the stock because they're the ones that can hit the bid with impunity and with a profit all the way down to the double 0's...maybe triple 0's. So therefore, their selling pressure is greater. Add to that the enormous amount of shares the low buyers hold/held and that compounds the power of their selling pressure. The ones that bought in higher will be the group that will likely average down and put a good support at or near our current levels once this selling subsides and they become more comfortable with the stock. Either way this selling won't stop until one or the other happens or we get a HUGE catalyst...so play it smart.
Don't take what I'm saying out of context though..if you are like me and some others on here you know what is going on with the company and where it's headed. If you believe in the company and it's future then it's easy to be patient. Let the sellers sell. They will exhaust themselves before too much longer.
Another thing that I think worth pointing out is that there are ALOT of new investors here. When I say new, I mean NEW. I know that EESO stock is not being officially talked about at Wowgreen meetings. However, I don't believe for a minute it isn't being discussed informally. Those meetings are the source of alot of our new investors who are trying to make the money on the front and the back end. I would also venture to say that alot of them have never traded/invested in a pink before and our last couple of weeks have scared the bejesus out of them. So, to them I can only repeat what our man drifter says..."pinksheets aren't for the fainthearted."
-Dave-
Pop smoke if you need to DD...got some snake, nape, and crackerjacks on station..:))
-Dave-
There is no benefit to an RM or RS right now...that normally is only done for example, to keep a .0001 stock with 30bln OS from blowing away into the wind. EESO's PPS is strong right now so, there is no need for it. It also wouldn't serve any purpose to RS to go to a higher exchange as some have speculated on. I.e. Even if EESO did a RS and turned the PPS into 10 bucks a share they still couldn't just hop onto the NASDAQ or the NYSE etc. Besides a threshold share price there are other requirements such as sequential years of revenue, market cap, earnings, financial reports, cash flow etc. Being that EESO is barely a year old it has not had any such history. So, therefore, the chances of a RS at this time for the purposes of an uplist..which would be the ONLY reason at this point is slim to none. For that matter, even if EESO was trading at 5.00 a share on it's own right now it couldn't uplist...Nice try on scaring folks though. Facts always trump rumormongering.
-Dave-
http://www.sec.gov/answers/listing.htm
Yes...IMO there is alot of hyping on the BBDA board trying to tie it to EESO in an attempt to get investors/traders to buy BBDA on the hopes of another EESO like run..Bottom line is BBDA is buying enzymes from EESO. No more, no less. However, I know there are some folks that were in EESO that are now in BBDA and I wish them luck.
-Dave-
LOL..I agree. No sweat here though...Someone was unwinding their position for most of the day. Until we get another catalyst I would expect to see more of the same as some folks get impatient. Can't say that I blame them though..If I was looking at a few hundred grand in my trading account in unrealized gains I'd get tired of looking at it to and take the cash. As long as I know it's not the company dumping into the OS I'll buy the shares of the impatient.
-Dave-
What I think you're failing to take into account of is the fact that there are a ton of smart folks on this board who loaded up on this stock in the triple 0's while everybody else was calling it a scam. Now what you are seeing is some of these folks intelligently reducing the size of their positions and banking some profits. It's also a pretty low volume day so any buying/selling will manifest itself in exaggerated price movement. Sorry you got in so late and it's not EESO that's selling if that's what you are eluding to.
-Dave-
No...I thought it was great and I'm a buyer tomorrow. Right now I have no shares. When I went back to work I rolled all my stocks and trading cash into index ETF's because I knew I would'nt have time to watch them like I should. But, I know what I saw today and I'm buying. I'll worry about watching it later. Will buy more after the financials and open house.
-Dave-
I'm glad to see you're doing so well..........Keep climbing that ladder and never give up. You'll make it to a collapsible trailer in NO TIME.
-Dave-
Belize my friend..and of course you can. You can even visit if you want. The house we're looking at has a gardener's cottage that you can stay in! I think it has power too!!
-Dave-
Yup...like I said, it was almost a 'perfect storm' the way everything came together. Tomorrow and the following days will tell us much more. I also didn't think about limit sells being triggered on the way back up....very good point. I know it's happened to me before.
-Dave-
Thank you Jim and Scott..although, I'm not sure how sincere Scott is...I still owe him a refrigerator box and he holds that against me. Hopefully, EESO has helped him out a little. I might be around a little more often though..I'm getting ready to 'retire' again I think..LOL!..I got to where I kind of like not being told what to do..starting to miss it. :)
-Dave-
Kids...gotta love them! And, I think she's right. As long as Jared doesn't do anything stupid she will be. Alot of different events came together today that were beyond any reasonable control and this was the result. However, EESO is still well above the levels many of us are familiar with and well above the levels of stocks that some of the naysayers tout. If you want a good laugh..check some posting histories of some of our faves over the last few days. EESO was actually being PUMPED by some of the same ones who are now telling us how horrible the stock is. Amazing.
-Dave-
Don't worry bud...with experience you'll get it figured out.
LESSON-
High volume in and of itself, does not equal dilution by default.
-Dave-
It happens...There is nothing 'wrong'. Did you watch Bank of America and Citi yesterday?? Same thing happened to them...I know they're bigboards and EESO is a pink and the comparisons between them are few...however, in some instances you can still draw some parallels. Again, the point you REALLY need to pay attention to is how hard it bounced and how aggressive the buyers were all the way into the close. Any other pink would have been crushed on that kind of sell volume.
-Dave-
Uhm------no, not really. There's some millionaires or close to it on this board thanks to EESO lang..you're barking up the wrong tree. I'm sure there are alot of folks who hope they keep using the same playbook. It's worked pretty good so far.
-Dave-
You chased it and got burned didn't ya?? It's ok..it's happened to all of us that have been in this for awhile. Once you gain a little more experience you'll learn not to do that anymore. Always let the stock come to you.
-Dave-
Lang...where were you at over the last couple of weeks?? Alot of folks here could have used your useful insights. And, the contracts have been given in dollars. Don't quite understand you on that one..As far as 'verified' numbers? They will be as 'verified' as well as they possibly can be when they release their financials. I am well aware, as everyone else is, that they won't be 'audited' and, I am aware that isn't good enough for you and your ilk. However, we must keep in mind that EESO is a pinksheet and that's just the way it is. Build a bridge and get over it.
-Dave-
One very important piece of information that luvmypeny is conveniently forgetting to include is the fact this stock has had quite a few days over the last few weeks where the volume has been well over 50million shares traded....several of them have been above or around 100million traded. We've all been watching and we all saw that most of those heavy volume days were buy volume. Today was inevitable and we all knew it. It was just a matter of time before a big holder or group unwound their position that had been accumulated over the last few weeks or when this stock was in the trips. Throw in some panic selling as the stock falls under the weight of the big sell order and this is what you get. It's that simple. There were no MM games..Jared didn't dump etc. Perhaps some should spend a little more time in the markets and learn how markets really work and trade before making unfounded claims of dilution. I think at this point, it's much more important to take notice of how hard the stock bounced and how strong the support was at .01. People still wanted this stock BAD even after it sold off. THAT is what you need to pay attention to. Like I always say...trade what you see. :)
-Dave-
exactly.
-Dave-
horrible isn't it. There are no depths that are too deep for some to stoop to I guess.
-Dave-