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I feel very optimistc about the news that we're all waiting on the edge of our seats for. News of filing the 10-SB and an update on sales and projections of future demand for all products. And there's always the possibility of a surprise licensing deal or distribution agreement.
Excellent DD!
So can anyone explain to me what is the purpose of saying a stock is restricted if all one needs to do is file Form 144 to sell them? In other words, saying shares are restricted doesn't seem to mean much, imo.
Its disgusting to see manipulation like this by the MMs. No, I don't believe its a retail investor. MMs are bringing it down slow and are planning to take out everything between wherever they decide the bottom is up to .0055 so hang onto your shares!!
So who holds the difference between 3.2B and 2.5B shares? Insiders?
If they do, its a show of confidence that they do not need to tap those shares to raise funds....meaning that they have enough cash flow to cover operations at minimum. I tink treasury stocks are typically used as bonuses in most corporations in the form of stock options to its employees. I hope they don't go that route.
What's really sad is that low volume days like this make it easy for the MMs to keep walking the PPS down. If I were an MM with hundreds of millions of $$$ and I could devalue this already undervalued company further for a measley ~$15,200, I would. All they need now is an excuse perhaps via an unexpected negative biased PR from ETIM and they can really do some dammage and pick up a bunch of shares on the super cheap.
Didn't someone post that the company will be providing an update in two weeks after the vegas convention? Is that still accurate? Was that post even legit?
TIA
So what will it take to move the PPS? I bet it will be the extrapolated sales numbers...and possibly a surprise revision of estimate of sales for this year from $3.1 mil to ???
I liked comment number 10 on that page:
10. mctrekkie - October 8, 2007
This is tasteless.
That being said. sadly, they’ll sell a million of ‘em.
FANTASTIC!!
I can't, but I'm pondering taking a position
GTEC looking ripe for a bounce?
I will give you the whole day and then some -- if there is a mass exodus, I doubt I'd get what I ask for to get out anyway. Something smells fishy. I surely do hope that there is a perpetrator and that he is in a large short position. Keeping my fingers and toes crossed. Good luck all!
OMG. How is MH still able to roam free in the world? Someone...anyone....KICK HIS ASS!! After the split, I'll have 131 shares and need the PPS to hit $15 to break even. I'd rather see the new ticker die immediately! ZERO VOLUME TRADES. NO MORE FUNDING THE SOB!!
I found the following regarding OTC and pink sheet stocks:
http://www.otcbb.com/aboutOTCBB/overview.stm
"Since December 1993, firms have been required to report trades in all domestic OTC equity securities through the Automated Confirmation Transaction ServiceSM(ACTSM) within 90 seconds of the transaction."
http://www.pinksheets.com/pink/faq.jsp#7
All trades in OTC securities are required to be reported to the FINRA via the Nasdaq ACT System within 90 seconds of the transaction.
So there you go. It isn't BS that your executed trades don't post exactly when they are executed -- it's just pure good old fashioned manipulation.
Looks like we're all out of ammo. I hope ETIM is buying back at least $1million worth at .004 this go around. They could easily do it too...assuming their estimated cash flow supports such financing. I am eagerly waiting to see their newest projections! Watching the paint dry is becoming quite boring. I also hope they break out the interest they've been seeing with their ST products; i.e., preorder numbers.
You still buying up the .0001s?
Can you elaborate more about what the credibility issues are surrounding this company? And expand more about why you believe it isn't a scam? TIA.
They become treasury stocks. Companies can either retire them or put them back into the market by way of giving it to employees, vendors, etc. as bonuses, options, etc. or sell them back directly. Regarding the last option of selling them back into the market, I'm not 100% that they can do this, but they would have to be very careful since they can easily be accused of manipulating their stock.
That's possible, but I've had email correspondence with investor's relations regarding the drop to $0.065 and they claim there is no dilution. If you've been following the board discussion, the drop was apparently due to the ex-ceo and the Nutmeg Group -- whatever their motives, it seems they are done with their selling. Hopefully for good.
Hopefully, Bret has deep enough pockets and has enough confidence that he can loan the company money on favorable terms if the need arises.
I'm sure that after the show, we'll get the 2Q along with revised projections for the rest of this year and next year. Perhaps even the uplist filing with the SEC.
Prior to the show, I hope we get another licensing deal. It would be fantastic if we got a PR about Petco and Petsmart carrying the pet urns!!
I will still vote yes!!
Yipeeeeeeeeee!!!
Its just the same PRs, but they made it onto CNNMoney news:
http://money.cnn.com/news/newsfeeds/articles/prnewswire/NEM03317092007-1.htm
http://money.cnn.com/news/newsfeeds/articles/prnewswire/NEM03027082007-1.htm
You tell em! With the little research I did about this company, I've come to the conclusion that this is a time bomb waiting to happen. Getting press on CNN yesterday and youtube is great for this company. I welcome momo plays -- nothing to worry about if you get in at the bottom and just ride it out. The long trend is upward. My plan is to hang onto my core position and trade with the momentum, which I'm sure matches that of 99.9% pinky investors. I haven't felt this good about a pinky in a long time.
QBID? Is that a good stock? Is BKMP going up soon?
Um....Since I'm in at .069, I'll take .55! If we're a little undervalued at .55, oh well.
I thought the 15 days was when the buyout would be put to shareholder vote. Where does it say that this report needs to be complete before the vote?
Its nice to see NNLX finally beginning to see some major press!
Why wait? Why not pick up everything in the 4s?
Why is the PPS dropping?
Because they said they would, its budgeted and its relatively cheap.
Keeping shares at .004 is fine by me so long as ETIM is still buying them up!
It would be great if a PR came out regarding completed SEC approved AFs!!
YIPPEEEEEEEEEE!!!!!!!!!!!!!!!!!!
September 19th,2007
Investor Bulletin: Commencement of Share Buyback Program
Eternal Image Management would like to inform shareholders that the Company has commenced its share buyback program. Under the advisement of its SEC Attorney and a stock broker, Eternal Image recently established a corporate brokerage account through which the Company has been actively purchasing shares of Eternal Image stock.
This buyback program plays into the overall plan of EI Management to achieve a higher pps through non-dilutive means whenever possible. The program will be ongoing, as the Company's financial department has budgeted funds specifically for the buyback of shares on a regular basis.
Sincerely,
The Eternal Image Management Team
What is the cause for investor/flipper hesitation with an announced sale of the company for $.55?
What's up with the volume today? Good news coming? Should I have bought $10k of BKMP today instead of the big board stock I picked up?
Its only good if the financial companies maintain their strict standards when lending money.
On topic...what is ETIM's dysfunction?
Is there more dilution expected? or possible that you know of?