Anxiously waiting for POSC to drop the big one!
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I appreciate the post Pilot, but I am a little confused. Assuming everything istrue I though there was an offer and subsequently a second offer from the Lees, Hanbool etc. Then there was merely interest from another party, but no offer made as of yet? Maybe I just do not understand your post. Has the super terrific mystery international chemical company actually made an offer? Was there never a second offer from Lees and Hanbool? Please clarify.
Craig just posted one of his weird messages on the other board. Here it is.
The only post of the night.
Tulip, if you get angry at me, well, this right now is the only way I can talk to all of you.
There was a village in a far away place. They lived in a valley under a mountain. One day one of the villagers asked why they could not climb to the top of the mountian, for he could see lush green forests, which the villager knew could provide food for the village. He was told that some had tried and came back and found that there was not a way to the top.The next morning, the villager awoke and decided that he alone would try. As he left the village all laughed and proclaimed that he was without reason, and said that he would fail returning in shame. Thus he decided to continue as those before him, believing that something not attempted, was far worse than the failure of the attempt. As he climbed he found the trail slowly closing as it winded up the mountain. Finaly he came to an impass, a boulder, far larger than the pass he was walking on.The boulder was very tall and could not be climbed. The side of the boulder were also too slick on one side to grasp and go around, the other side hanging over a cliff and could not be scaled. The weight of the boulder was far too heavy to dig under. Now confronted by the impass he knew returning he would be shamed. But turning around was the only option and he started down the mountain. He had not realised that it was not the boulder that stood in his way up, but the loose rock that he had not noticed while climbing, that now stood in his way to return for he did not want to slip and fall off the mountain.When he stood he realised that the boulder could be moved, if he only removed the small rocks that held the boulder. He decided to make a hole below the boulder big enough for him to climb into. Then he started removing the loose rocks from the boulders edge. As he removed the loose rocks the boulder started to move and finaly began to roll down hill. The villager placed himself into the hole as the boulder rolled over the top and down the mountain. Thus the villager sat up and climbed to the top of the mountain.The villager gathered what he could and slowly returned to the village sharing all that he had found.
I think that this is what is happening at present. I feel that all will in time be well and will go forward as all want it to do. I speak not for EESO or Jared, but I do believe that an impass has been reached and the loose rocks are being removed so that the path that has been chosen can continue to be followed.I am not sorry for telling this story for it is the only way I can talk to all of you.
Remember, it is not what you can see that stops your path, but the little things that catch you off guard. I believe this is being taken care of at present.
BOLT ALL!
This means BEST OF LUCK TO ALL, NOT Bolt.
Regards
Your Friend
ABCDEFG Still need spell check??????????????
Hey Gibber,
What is your opinion of the buyout? Do you feel it is legit? I definately do not buy this phantom second company being interested, but I think the Korean offer could be legit.
Hey Gibber,
Let me take that a little further. Lets assume Allie is pissed at him and wants out of the relationship. Lets also assume that if accepts this buyout (which I am still skeptical) that he has no role with the new buyers because they have no need for him. That leaves him out on the sidewalk pounding sand. Granted he will have a nice chunk of cash in his pocket, but he completely loses his company and probably does not make as much money as he hoped. Supposedly he reallly wants to make a "difference in this world". Maybe that is what this is all about?
I wish any of us could answer that. It always concerned me that the pps never really went up all that much after the buyout news. Everyone on the planet knew PGYC was scam and the stock saw a decent increase after thier buyout p.r. As a matter of fact PGYC pulled the same buyout crap a few months back and it worked then also. I cannot understand why EESO did not get the same kind of bounce. It is too difficult to try to discern why things happens with the pinks.
What now worries me is if he has blown the relationship with Allie and the buyout is a scam we could be in some real trouble here. If the buyout is real than he better take it if the Wow Green revenue is going away. Maybe this why he wants to explore new customers? Allie is going bye bye. Yikes.
So Drifter what exactly does that mean? If Wow Green is making the stuff themselves now are they still using the EESO formulas and therefore paying EESO for it? Have they just gone out on their own with other formaulas? Im not sure any of us really know what kind of agreement the two have between them. However it would not surprise me that Allie would want to put more of the operation in his hands. The really successful people on this earth want as much control as possible becuase they know what they are doing.
I would be interested dishonorable76. Keep me updated.
If I may I would like to throw this thought out for all of you. I am a shareholder (not a basher) and I do not like the direction this is heading in. I have said before that since the May 15th p.r. that I question the validity of the buyout offer. I also belive that the second company being interested is completely bogus. I should have listened to the little man in my head and gotten out, but I didn't and that is my fault.
Anyways if I am unfortunately correct and the buyout is a scam here is what I think will go down next. Craig posted on the other board yesterday that he was concerned about this issue and after getting an explanation form Jared that he will have to review the situation and go from there. If this a scam then I think the next and final step would be a p.r. stating that "due to recent concerns about the direction of EESO the potential buyers have rescinded their latest offer".
If that happens then this was a complete and utter scam from the get go. I sincerely hope I am wrong about this. I am way down like a lot of you are. Any thoughts?
Well it seems like there is no buyout. Maybe I am just reading too much into the CC, but it seems that way. I am still very concerned. Jared said they are in the business of growing the company not the pps. That is fine but the pps has f'n collapsed. He was talking about all this business and all these customers they are working with. How about some names or numbers? It is now June how about some first quarter #'s
Back in March my company STT stock dropped 57% in one day. Needless to say the CEO was very diligent about addressing shareholder and employee concerns. I am sorry but the pps does matter to an extent. I do not think we are being unreasonable about this. Any thoughts?
"What do you see that says,there isnt any buyout?"
It is what I do not see that makes me wonder if there is an actual buyout offer. It is not always what you see, but sometimes what you don't. The Lees, Hanbool, and a conglomerate of anonymous Korean companies? Sorry that is not good enough for me. I will admit there has been no denial of a buyout offer, but there has been no confirmation either. Sorry if I am being a hard ass, but it is my money.
Could not agree more. The SEC and the white house are on an image improvement campaign with investors due the Madoff debacle. It would not surprise me if the SEC looks into this buyout offer.
Full disclosure I am a shareholder (198,000) and I am greatly concerned. I can understand the rationale of Jared not being overly concerned about the day to day pps, but Jared has been down right negligent as of late.
My gut tells me the buyout is not real after reading the May 15th p.r. , However if it is I think the Koreans have him over a barrel. " No buyout.....no contracts" What also bothers me is the claim of 136mil revenue for 2009 not including any Korean contracts. I would also like to know what is EESO 's cut of the action on the Wow Green sales. Have we ever got an answer on that?
The only thing that keeps me even a little positive about this stock is the relationship with Allie. I just do not believe he would knowingly be involved with a bunch of clowns. Like a some of you I do not break even until .02. The international launch of wow green in Sept maybe the only thing that gets me back to .02. This is the only pink that I have ever invested in because I thought it was the exception not the rule. My bad!
I do not post often but like I said before we all got hosed. The first offer was never real in the first place. It was just an attempt to drive the pps upward. Unfortunately to Jared's dismay it did not happen. I admit myself I am not sure why the pps did not go up for at least a little while.
I work in corporate actions and I cannot swallow that this "second offer" does not even have an expiration date. All tenders and mergers have an expiration date! You can alter or extend the date, but there has to be a date.
PGYC was a completely pathetic scam we all saw coming like a freight train and the pps still went up significantly for a couple of days.
Real stupid to try and pull a pinky scam or any other type of blatant corporate fraud in our current economic situation and political climate. I have no idea what that clown at PGYC was thinking. Really really stupid.
This is not going to go well for Jared and co. if I am correct. I sincerely hope that I am wrong because I am in the hole enough that selling is not a good option right now. Unfortunately my gut instinct tells me otherwise. Have a good day guys and gals. Dont let this eat at you it is not healthy.
Nice post chop. Yeah no expiration date on the offer..complete b.S. I work in corporate actions I have never seen a merger or tender without an expiration date. Let me guess the Lees and the Korean conglomerate are just going to sit there twiddling their thumbs?
As I said many days ago the whole buyout thing was a bunch of b.s. to try to drive the pps up (PGYC) and it failed and now Jared is in a tailspin. It is really sad to see all this denial on this board. At least I have enough guts to admit I got hosed. The only difference between this and the other pinks is this scam was a lot more elaborate and cunning.
Give me a break drift. I work for a multi billion dollar company with around 27,000 employees and the ceo has an open discussion every month for employee questions and concerns. When he gets asked a numbers question he can usually answer the question fairly accurately off his head most of the time. If he cannot he has it in front of him because he comes prepared Drifter! That is because he is a professional not a lightweight like Jared.
I cannot figure out what is more pathetic the quality of the conference call, or the answers being given. This guy is the ceo of a small company and he does not have any numbers in front of him? Holy #@!*
28 people already in room #2
Here is what everyone needs to ask themselves and I have not seen much talk about this. It is real simple. Do you believe the offer and subsequent counter offer from the Lees, Han Bool, and the rest of the conglomerate is real?
I personally think it is bogus and I am a shareholder so I do not want to hear that I am a basher. I now think the original .10 offer was a bogus attempt to drive the share price up significantly which failed much to their dismay.
Now all of a sudden this counter offer and a large international chemical company being interested is one last pathetic attempt to drive the share price up.
Let me ask you all this. Has anyone from Han Bool, the Lees, or even the Easter Bunny confirmed the .10 cent offer never mind the counter offer. I hope this crap stock gets back up to .02 so I can get out without any damage. We all took a big swing and missed....live and learn.
Hopefully Jared the phony, Mark the incompetent, Craig the drunk, and some other people I suspect were involved in this impressive scam get what is coming to them.
I think the problem a lot of people are having is that they do not believe the first offer is real in the first place. I myself am having hard time believing the first offer, nevermind the counter offer is legit. Bottom line Jared lied about the household domestic company that would blow us away. This could very well be a shell game that plays out for a couple months. The only difference bewteen this and other pinky buyout scams is that this was far more elaborate, so I am not going to kick myself too hard for falling for it.
Thanks for the clarification Drift! I misunderstood what you posted before.
Hey Drift,
I understand that the potential buyer is picking up shares on the cheap, that is pretty straight forward. However, are you saying that when it is all said and done the pps offer to the common holders will still only be .10, or because there are now less shares out there to have to purchase the original 200,000,000 offer will translate to more money for us? Say .15 pps.
Good call lmcl123! That is what I have been thinking all along. The way the company is operating right now leads me to the same conclusion. Unless the offer was at least .25 a share Jared would be a fool to sell and walk away.
Maybe he is going on vacation becuase the acquirer is going to keep EESO as a wholly owned subsidiary and not change much of anything. Once the t's are crossed and the i's dotted he will not have time for a vacation for quite a while with the new contracts and ramped up production. Why would he go on a vacation now if he will be free of the company and all the stress that goes with it in a couple of months time? Otherwise knoqwn as a permanent vacation. Just a thought.
I have always been in the belief that who ever the buyer is that they will basically keep the company the way it is (wholly owned sub). I like a previous posters suggestion that the buyout would consist of a special cash dividend and keeping your shares of eeso. I think that would be a win/win. You get a nice chuck of short term cash and hopefully continue to get the long term growth we expect.
Correct me if I am wrong but along with the 500,000,000 acquisition document filed with the SEC by dow wasn't Rohm and Hass also responsible for having to pay out roughly 500,000,000 to dow as part of their merger? Could be that Dow is using Rohm and Hass to help finance an acquisiion of eeso? Personally in a strict cash acquisition I would not except anything less than .35 cents. I feel this had to be a very interesting and unique offer to get Jared's attention.
Hang in there guys and gals I am chewing on my finger nails just like all of you. Have a great weekend!
No I cannot because if I did then that would be a strict cash offer. Looking at the outstanding shares of EESO and the value of Dow's shares I think 1/400 is a decent guess if by some miracle I am right. Can we all not take this so seriously? This was suppose to be in good fun so I figured I would go with something a little different.
Hey Janice,
Show me where in my post I spelled Dow with all caps? Based on a lot of your responses I am wondering if you read any of these posts thoroughly.
.25 Share + 1 share of Dow for every 400 shares of EESO/ May/Yes/3/29/2009 MARK174ACE Dow Chemical