is coping with others insecure acrimony
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Pumping... Nah
The ones they gave shares to go into agreements to feature the stock. EI is "technically" hands free.
Would like to see EI keep their fingers out of the awarded till. That, IMO, is a good start to give this stock some credence. No matter the reasons for selling.
Only 1 minute left for ETNL to reach .02 - .03 by EOW. Man , hope it makes it
They didn't what??
Salaries ($174K) and stock compensation ($211K) for 2009 reported on pg 21 of the 10K.
It would be nice to know, but nothing revealed by EI except in the 10K stating D. DeAvila was given $22K SC in 2009.
If anyone (general) can get an accurate distribution of the 2009 EI stock compensation - please share it with this board.
Hello all,
Word I received is:
The website is being totally updated and redone. I think we will all be very pleased with the results
Gotta love the EI network.
I have to play ETNL for a little of that $$$$$$
Thanks Team for the great chuckle, I'm still smiling from ear to ear.
Thanks cardog1. Very appreciated!
I seen the ADX DI cross and agree it's a strong signal.
The volume alone has brought new faces to the stock.
I've improved dramatically on charting over the past couple of years, but I still like to hear others interpretations.
I'm not a daytrader, but I certainly agree, watch it very closely and definitely lock in those profits on the way up.
GLTY
Hey L....Hope all is well
$22,000 of the SC is to D. DeAvila in 09. He didn't recieve a salary in 09 for the obvious reason. I can't find anything stating where the remainder went.
$174K in salaries and the $211K in stock compensation for 2009
It's history, but it still staggers me when I see the 2008 SC.
Let her run!!!
Call out to all you chartists.....Give me your thoughts
RSI & MACD look good...What about the rest
Will it sustain or drop back. Your opinions....THX
Good reply.
Trading/investing in this arena is always an adventure. I may be at fault in my logic citing companys stated intents and ensuing actions. It's apparently all part of the process or could be classified as Murphy effect. Just attempting to put the whole picture together - potential and reality - good and the bad.
The reply circumvents the topic, which was integrity of the sales versus the stated retirement by EI. Legitimate conversation is on the companys (EI) actions, which is rebutted into character attacks to posters being labeled as bashers.
It's all good though, I strongly believe in everyones opinion to be heard, as long as it concerns Eternal Image and ETNL; albeit it's tiring reading the repeated "basher" theory when one is in disagreement.
I can see your explanation having traction, but give me your direct opinion on this:
They state they WILL retire 5 million shares and then the obvious happens and continues. Doesn't most see this as very misleading and dishonest? It doesn't matter that they were entrenched in getting the 10K ready (their reason) if they were intent on selling all along. Investors...Remember.
Come on LFM, don't tell me you're perfectly fine with that specific series of events.
Ughhhhhhh.... 3/30/10 first transaction.....
Get a shred of light followed by an insider sell.
So much for the stated retirement of shares having any effect after the sales.
Thanks for relaying to the board the status of the 10K last evening. I do see improvement. Maybe patience will pay off. We'll see.
Good day to all.
Yes, it should have. Personally, I still think, could be wrong, there's a future, but you'll hear no excuses from me on punctuality and integrity.
Haha.... Caskets look better
Thanks JP---- I will verify----Yes, it's good as you stated
For the Fiscal Years Ended
December 31, ------ 2009 -- 2008
Caskets ----------- ---- 129 -- 46
Urns --------------------- 401 -- 818
Medallions ---------------51 -- 19
Vault Covers ------------ 0 -- 0
It's good to be an EI officer. I reckon this puts the salary disputes to rest.
6. Employment Agreements
On March 15, 2006 the Company entered into a five year employment agreement with Clint Mytych to serve as President, Chief Executive Officer and Chairman of the Board of Directors. This agreement calls for an annual base salary of $75,000 per year. At the expiration date, this agreement will be considered renewed for regular periods of one year, provided neither party submits notice of termination. Should the employer terminate the employee for any reason then the employer shall pay the employee 70% of the balance of the employment contract within 5 business days. In no case shall this balance be less than $50,000. Employee can only be terminated by majority vote of the board of directors. Employee shall receive a monthly vehicle allowance not to exceed $2,000 per month. This allowance shall continue for a period of one year beyond any termination date of employee. Salary payable to Clint Mytych under this agreement was $68,178 at December 31, 2008 and $111,778 at December 31, 2009.
On March 15, 2006 the Company entered into a five year employment agreement with Donna Shatter, mother of Clint Mytych, to serve as Vice-President and a member of the Board of Directors. This agreement calls for an annual base salary of $65,000 per year. At the expiration date, this agreement will be considered renewed for regular periods of one year, provided neither party submits notice of termination. Should the employer terminate the employee for any reason then the employer shall pay the employee 70% of the balance of the employment contract within 5 business days. In no case shall this balance be less than $50,000. Employee can only be terminated by majority vote of the board of directors. Employee shall receive a monthly vehicle allowance not to exceed $2,000 per month. This allowance shall continue for a period of one year beyond any termination date of employee. Salary payable to Donna Mytych under this agreement was $65,639 at December 31, 2008 and $130,639 at December 31, 2009.
On March 15, 2006 the Company entered into a five year employment agreement with Wallace N. Popravsky to serve as Vice-President. This agreement calls for an annual base salary of $65,000 per year. At the expiration date, this agreement will be considered renewed for regular periods of one year, provided neither party submits notice of termination. Should the employer terminate the employee for any reason then the employer shall pay the employee 70% of the balance of the employment contract within 5 business days. In no case shall this balance be less than $50,000. Employee can only be terminated by majority vote of the board of directors. Employee shall receive a monthly vehicle allowance not to exceed $2,000 per month. This allowance shall continue for a period of one year beyond any termination date of employee. Salary payable to Wallace N. Popravsky under this agreement was $57,980 at December 31, 2008 and $122,980 at December 31, 2009.
On January 3, 2008 the Company entered into an employment letter with Fulvio (David) DeAvila to serve as Sales Director. This agreement calls for an annual base salary of $62,500 per year. In addition a commission of 1.5% of gross sales for the year 2008 was to be paid in cash. In addition he was awarded 5,000,000 shares of Company common shares for the calendar year 2008 and 2009. Shares will be prorated over 12 months and awarded in January, 2009. If separated from the Company, he will receive his vested amount of shares in the month he is separated. If he voluntarily leaves the Company, all shares will be forfeited. Additionally, he has Company health care coverage. This employment agreement may be terminated by either party, with or without cause, and with or without notice by either party at any time. Mr. DeAvila was called to serve a 1-year tour of duty with the US Military and we are in discussions with David Davila regarding the possibility of him coming back to work for the Company. There was no salary payable to Fulvio (David) DeAvila under this agreement at December 31, 2009.
During the period January 1, 2008 to December 31, 2008, 3,000,000 common shares were issued to Mr. DeAvila at a market value of $61,500. During the period January 1, 2009 to December 31, 2009, 2,000,000 common shares were issued to Mr. DeAvila at a market value of $22,000.
Thanks Calfire.... Filing sent to SEC after 6:00 pm, so it will be dated 4/16
The auditors will have our 10k completed and ready for filing by the April 15th deadline. Contrary to prevalent rumors, we do not anticipate negative feedback and in fact are very bullish about what effect the 2009 Form 10k will have on our stock and EI's corporate image
With the exception of the remaining hour, one wonders who's fault it will be this time concerning the non-filing?
Awful quiet on here. Where's all the rip roaring for EI?
BTW.. no updates on the MIA 10K from EI either.
Unbelieveable
They have been a couple of days early on a Q before and after hours before also. Not defending the timing, should have seen it days ago. BS IMO....
EI ahem..... 10K...........Let's see it, it's after hours..get it filed
I'm glad you put JMHO. Obviously, it's not a concensus for "longs".
· The 5mil reduction of owner-controlled shares is still in the works but it has been delayed due to time constraints related to completing the 2009 Form 10k
Hmmm.... Wasn't the 10K in the works when the 5 million reduction was presented to shareholders in Feb.?
· In order to better position the company for a future financing deal, it was more prudent to issue treasury stock (to maintain their Restrictive nature) for some debt retirement. We do hope that this was the last increase going forward into the summer
Are debt conversions going to go on forever.... In 08 debt to equity was the saving grace for restructuring the company. EI it's 2010...
· Our website will be temporarily taken down in the near future for reconstruction as we seek to greatly improve the Company’s web presence
Get it done. Haven't we heard this before?
· The auditors will have our 10k completed and ready for filing by the April 15th deadline. Contrary to prevalent rumors, we do not anticipate negative feedback and in fact are very bullish about what effect the 2009 Form 10k will have on our stock and EI's corporate image
Good!! Get it filed, pay less attention to prevalent rumors and concentrate on affairs you can address and show the "anticipated" bullish results.
Very selective points in that reply.
Did EI initiate the stated personal share reduction? Could it be possible stating to do such and then doing the opposite might be able to be construed as "less than honorable"? I'll leave to it the very recent events, one knows we could write a book on several others.
I doubt it's necessary to forward alleged infractions to EI. IMVHO..Per my own conversations, their rep(s) keep up with this board quite well. It's something I've always been very uncomfortable with.
Absolutely nothing out of sorts with people following EI and discussing their findings based upon EI's actions/inactions. It is what it is, no means can change that.
I liked it.... but then the same old routine with EI continued again with promotions by "friendly" financer Emerald and the stated small personal share reduction evolving into more dumping by EI.
Same old story....The past by EI holds strong relevance with its ongoing actions.
Very true CD. I've never fell for common shareholders wanting a falling PPS on ETNL or for the constant barrage of buyers, nibblers or whatever. MM's play their games, but not to the effect as stated.
But then again, IMO, those surrounding Eternal Image love those types of "opinionated" fundamental analagies versus the actual company actions.
Doing well--I hope the same for you and yours.
At least one steady thing came out of the metro Detroit area .......... The Motor-City Madman!!
I won't dwell on the obvious, but it's pretty easy to see my opinions on the matter. ((sigh))
Take care
NT-Might as well make it official. Par for the course. Thanks EI
www.sec.gov/Archives/edgar/data/868756/000105291810000111/eternal12b25mar3110.htm
From my personal conversations with IR, several potential LOC's were buffed from EI because the terms weren't favorable. Compared with the continuing dealings with Highland, Emerald, etc... they must have been out of this world.
My guess would be Madoff is most likely envious.
I sincerely feel for those who followed on EI's premise.
Best to you L
Hey Cal - not pointed at you - just generally speaking
Flippers aside, how can we expect "valued investors" to be serene with the means EI is conducting business. Today's 8K is nothing short of nauseating and pretty much the same old song and dance.
This EI crew (broad spectrum) hasn't exactly walked on water with their communications. Misleading at best, outright lies to some.
I don't disagree. They have reached out to almost every venue to accomplish their theivery.
Safe Harbor...IMO
EDIT: I'm fed up with watching their history repeated.
February 19, 2010
Shareholder Bulletin
Dear Shareholders,
The previously mentioned “behind-the-scenes projects” are about to come to fruition via forthcoming news and announcements.
To get things started, Eternal Image officers are working right now to reduce by 5 million shares the Company's total number of outstanding shares by voluntarily retiring that number of shares from their personal holdings. They are doing this to show their level of commitment to the Company and their desire to establish a pattern of share reduction. Reducing the total outstanding shares should help increase shareholder value and may also attract new investors. This move and possible similar moves in the future will put us in a better position to react to what management perceives as manipulation of ETNL stock.
ETNL stock has maintained its resiliency through the strength of our long-term investors and they must be supported. Management has plans to take Eternal Image to a higher stock exchange one day, and the strategies to do so as well as the aforementioned projects are about to become clear in the very near future
IMO.. The manipulators have been discovered....EI just needs to take a very short look in the mirror.
The majority of the issues lie within EI themselves. By all means, time to move forward, but quit repeating the same asinine actions. The latest example, which is right here in 2010, is the stated personal shares reduction which exactly the opposite occured. What would be a legitamite acceptable reason for this?
It's very understandable to take the approach on viewing the positive for those (myself included) whom have their hard earned dollars invested here. No one wants to be scammed out of their stake, either by unsavory actions from splinter groups or most importantly; EI themselves. The facts should speak volumes, by omitting said events to draw interest from others (to protect ones own) is as misleading as the forementioned share reduction.
It would be great to leave the past behind, now if we could only get EI on board to do the same.
Simply astounding.
Do you or anyone else remember what the OS was after the all the debt (with those whom agreed to it) was satisfied with shares? I believe it was in the 300 - 400 million range, but most assuredly could be wrong. .Of course, there was the huge share grab by EI officers sometime after the RS too
Hi Calfire -
We will probably have to wait until 2nd 10Q for a verifible answer on the latest increase in the O/S. Unless EI releases something with merit prior. IMO....We had some revelation on a large portion of those shares, but at this point, it can't be verified.
I wish it could be said that EI responsibly used the millions of shares they issued. JMHO. The devil is in the details that we know and don't know. The gray areas sure don't benefit us.
On the stated 5 million personal shares reduction ---- If it walks like a duck....Well
You come across to me as sincere and honest.... The best to you
To answer your PM, NITE has always "owned" this stock. All other MM's have always been small players in comparison. VFIN is non-existent.
www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=ETNL&SortBy=volume&Month=2-1-2010&IMAGE1.x=16&IMAGE1.y=4
Whose hands have landed the shares in the recently increased OS?
Hey RJ----Good to hear from you!
It's pretty much the same old song and dance on EI. Just twisted another way. Why they continue the same tactics with the potential of the Matthews agreement is disturbing. IMO.. They outright lied, once again, with the proposed share reduction.
You are correct my friend, it was our decision to buy this penny and it's truly no different from the many others.
To date, the LOC, can be compared to a big tasty worm on a very sharp barb waiting to be set.
If I had PM I could share some more DD on the OS increase with you, but due to the parties involved I don't feel comfortable making it public and dealing with the oppressionistic nature of some individuals.
As always, best to you.