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Any thoughts on what this will run too when we get update and new store opening pr? I am kicking myself for not getting into WNBD as well.
You think this week Phil?
Think we see a rise out of these levels in the afternoon?
We sure did. Phil, you think we will get any word on the second store this week?
Playing it short term. I have had friends get burned on this one in the past. However, I know how it can swing up and produce 10-15 baggers in a week. Have any advice? I bought in at .0011 and figured I could get atleast a 5 - bagger with all the expected news due out.
You think so bag? Never played this stock. Perhaps you have.
So what do you guys think this will do this week? Continue to go down this week unless we get news or is this just a slight pull back. Curious on input from those who have played this stock on runs before.
Why do you think it will go down? We held nicely on Friday. I think people will try to get back in tomorrow.
Up or down Monday?
If so what do most of you think we will see before we see another dip?
What does everyone think this may run too?
This stock has made my day and hopefully it will continue next week.
What an exciting stock! 2 million @ 14 for me .. Lets close this strong for next week.
Bee is that your cat? I love the pic.
Lets close green! This volume is very good. If we can close even I think today may have represented the bottom. 20 million x 20 presplit = 40 million volume.
Best Regards,
Matt
I took the liberty to call NAR. I will post what I find. Spoke to the secretary of NAR's investor relations. When Scott gets back into the office he will be getting in touch.
Best Regards,
Matt
Yes, I figure sales wont have a huge impact. At this point the impact of sales will be stabilizing the price. I do not expect any strong shifts upwards until we uplist or receive significant news on further A/S reduction. I am hoping they forecasted the future sales projections correctly this time.
Best Regards,
Matt
Two questions for everyone:
1.) Do you think the sales will be in line with estimates?
2.) What reaction and price would you expect when announced?
I would like to get a feel for what others think. Rough Day! Thanks.
Best Regards,
Matt
We will be seeing Q4 results soon. When I spoke to Tony he said expect the #'s the first week of February. The chart is also suggesting a rally. We are completely oversold on the williams %r. The D% is converging with the K% on the fast stochastic symbolizing a buy signal. I would expect a nice rise to .04-.05 if numbers come in-line with expectations. Perhaps .06 if they are exceeded. Time shall tell. Anyone want to venture some guestimations as to what we shall see? Lurker, how many pet urns did you sell alone in Q4?
Best Regards,
Matt
Waiting for funds to clear on TDA. I want another 100k for 500k even. I think this current down trend will be short lived. We have sales coming first week of February and the uplisting in my opinion 2-3 months.
Best Regards,
Matt
Turbo,
Perhaps we are. Any account with over $1 million qualifies to become an institutional buyer. I work with a team of other advisors and we do have some clients/ small businesses who buy into pinksheets. So technically it is considered institutional buying. I was surprised as much as you are when I first began. I thought that institutional accounts were stirctly ultra conservative composed of your large caps and treasury bonds. However, that is not always the case. Some institutional buyers are more risk adverse.
Best Regards,
Matt
Thank you for your input Lurker. I am going to ask the source directly though if they plan on executing the 504. Do not want any speculation on this.
Best Regards,
Matt
I guess I will do some DD for us Kzivann. I have a conference call in a few minutes but I will give the company a call tomorrow. I will let you know what transpires.
Best Regards,
Matt
Anyone able to answers KZivann's question:
Is a 504 dilution? They have over a billion shares that can be sold after the R/S and the share reduction. Remember this went up only after the last 504 was completed in mid 02/07. Less than a month from now the 12 months limiting factor will be past. Why do you or anyone else think that will not happen? I can read the "I just talked to....messages" posted here in a month or so "the company is NOT selling any shares". Technically correct, but still the same outcome. DILUTION all the same. imho
Curious myself.
Thanks,
Matt
Turbosketch you could not be any more incorrect by stating large investors do not invest in pinksheet and/or OTCBB commodities.
I work at Merrill Lynch and we have high net client portfolio's that play in the pinkies. I am not talking small investments either. The minimal investment at Merrill for a pink sheet is $500k.
Best Regards,
Matt
We are on the move. $.05 today. Anyone else notice the huge jump in our board marks? Seems we are starting to attract new interest. Lets be optimistic!
Best Regards,
Matt
Why the skepticism? This is fantastic. We are on our way to the OTCBB by summer and better yet this will attract our institutional buyers. I spoke to Tony again. We will get the Q4 PR in 3 weeks.
Best Regards,
Matt
Peter,
I do not know. I was told there would be two PR's by Tony. Just relaying the information I was given.
Best Regards,
Matt
News!
January 16th, 2008
An open letter to our valued shareholders,
Looking back on 2007, it has been a year filled with some wonderful “firsts” as well as some significant lessons learned. It seems appropriate for us to take some time to share with you our thoughts about this past year and plans for the coming year.
This year we took some big steps: we established our primary supply chain, manufactured our first product lines, established our initial distribution network, began selling product, completed an audit, and began the process of completing our SB-2 registration for filing, which we will complete in the very near future. Additionally, we partnered with an outstanding investment consulting firm that has worked closely with us to provide adequate capitalization and market related advice.
We also had our share of manufacturing delays and logistic issues – challenges for any start-up. While our sales numbers were not what we would have liked thus far, we have prepared ourselves well for strong sales in 2008. We have matured the supply chain, sharpened our logistics management, and have brought on a new sales director, David DeAvila, who has tremendous knowledge of this industry.
Another challenge is managing investor questions and calls. Our management team wishes that we could spend unlimited time answering each investor question we receive. With a current investor base of just under 3,000, one can appreciate that this is next to impossible. Yet, we know we can improve our communication with you and are working on ways to do so in 2008.
In that spirit, we would like to share a little of what is going on ‘behind the scenes’ here at Eternal Image.
Some shareholders ask, “What do you do all day?” Looking at our calendars, most of the management’s time is spent on two fronts:
1) Building the core business to drive sales: finding suppliers and building a supply chain; logistics management; distributor development; marketing, advertising and promotion
2) Preparing our business to become a fully reporting company through the filing our SB-2 registration – which will provide us with access to capital markets.
As you might well imagine, either one of these tasks can be all-consuming, requiring countless hours of time. But working on both at the same time? Well, let’s just say that the Eternal Image team is not getting a lot of sleep or vacation time these days!
We’re not complaining. We share this information with you not so you will feel sorry for us, but to illustrate how passionate we are about this company and this business. We could have taken a different route which would have slowed our entry into the market. We have purposely chosen this two-fold front approach to obtain and maintain a first to market competitive advantage. In addition, since this is a capital intensive business, we wanted to make sure we had access to the proper capital markets to secure funding for our long term growth and profitability.
We continue to see long-term potential in this market. With 60,000,000 baby boomers just now starting to retire, coupled with the fact that there is a significant trend toward ‘themed-arrangements’ (in which our products are prominently integrated), plus market research indicates that most baby boomers associate themselves with three or four major brands over the course of their life … we believe our concept and products are a natural fit - which translates into our company being able to meet the needs of an un-served market which means long-term and profitable growth.
Building the infrastructure of a company to support this goal takes time. We believe we are moving from a development stage company to a company that has solid sales and growth potential into 2008. Time will tell, but we are optimistic about our prospects for profitable growth.
To insure we have enough capital reserves to fund our operations, we have made the decision to become a fully reporting company and apply to be listed on the OTC:BB. This has been our goal from the very start. But to become a fully reporting company so our stock can be traded on the OTC:BB is no small feat. The process, procedures and requirements to reach this goal have changed tremendously over the past few years. This is due to the scrutiny on the public markets brought to bear because of the corporate collapses of companies such as Enron, WorldCom, and Tyco.
Therefore, we are being very careful to perform our due diligence and put a record keeping process in place that meets and exceeds SEC standards. Unfortunately, we do not have the financial resources to employ full time SEC attorneys, CPAs, and Auditors on staff. We have to outsource that work. Because these professionals have other clients and different schedules, we cannot move as quickly as we would like on getting some of these tasks completed. We simply work within our means and control what we can control, and then we work very hard to meet or exceed our timing goals.
We have worked very hard in developing our SB-2 registration – a document that is about 200 pages including exhibits. Our goal has been to develop the registration to a level of excellence in order to reduce the number of questions or comments we receive back from the SEC. One of the strategies we felt very strongly about was getting our share structure more in line with other OTC:BB companies, and what the SEC would expect.
This is the main driver in the decision to implement a reverse split of our common stock. It is crucial that we reduce the number of outstanding shares.
We want to be clear: we did NOT raise the authorized number of shares. We did not take these steps lightly. As a balance, we have put in place several price support strategies to help peg and stabilize our share price.
The Eternal Image management team owns more than one third of the outstanding shares and we are keenly aware of how our approach will impact our stock price. The vast majority of our compensation is in stock, and no officer makes over $75,000 a year in salary. Additionally, no officer has sold any significant portion of their ownership.
The moral of the story is that we are right there with you, the investor. We understand your concerns and are working very hard to build a profitable business to boost share price. We do this by building our brand, securing the best licenses for this business, developing the highest quality product we can, and serving our customers to the best extent possible. We have tremendous faith that as we take these steps, our sales and share price will take care of themselves.
We plan on having more investor conference calls and chats in the New Year. We are looking forward to sharing what we are doing to drive sales and profitable growth.
The entire Eternal Image team would like to thank you for your support, encouragement, and understanding. We wish you all a very prosperous New Year!
Thank you all for your continued investment support
Respectfully,
Clint, Nick, Donna and Jim
Lurker,
Tony had new clue about this decision to move the R/S up. When I sat down and spoke to him for a good hour or so he told me he was as clueless as you and I until he started receiving phone calls about how much of a scam artist he was.
Best Regards,
Matt
Too be honest with you if the company's vision holds true to the course, the individual investor is not getting the short end. I think most have unrealistc visions of grandeur from prior posts of $.50. We are not going to witness the first 23,000% return. If we hit $.50 that is still a 1800% return from .03.
I spoke with Mr. Block today as well. He has not sold a dime. He lives near me in Newport Beach/ Laguna area.
Best Regards,
Matt
Yes Stocky. When speaking to Tony they plan on this being the only R/S that had previously been planned for the uplisting to the Nasdaq. They want to do so now while they uplist and not afterwords when institutional buyers will be entering the picture.
3 PR's total this week with more to follow next week. He said they have a list of positive PR's lined up including the uplist PR and sales in a few weeks. 2 PR's tomorrow though according to Tony.
Best Regards,
Matt
~News~ Spoke with Tony Fazio.
Eternal Image Shareholders,
I just got off the phone with Mr. Fazio from my office in Newport Beach. I did some DD and went over several topics I think everyone would like to hear about the company and PR's.
1.) Reverse Split: (PR'ed first thing in morning --> see bottom paragraph for further explanation.) The ultimate goal for the company is to uplist to the Nasdaq. Tony assured me that even though the O/S share structure was not a barrier for uplisting to the OTCBB lawyers had instructed the company that this would have to occur and thought it was best at the current time instead of waiting for the Nasdaq uplist.
2.) Uplisting: There will be a second PR tomorrow concerning the uplist. The change in ticker symbol is due to the uplisting. The company will be filing later this month.
3.) Sales: Sales for the 4th quarter are being completed and Nick will be done compiling the quarterlies for Q4 by the first week of February. We can expect the numbers to be released the first-second week of next month. Numbers should be in line or better.
4.) Buyback: Tony was unsure as to the current status but told me he would pass the message to Jim Parliament when I conveyed investors would like to know the status of the buyback. They may include this information in the second PR tomorrow or the one that is coming on Friday.
5.) European Partner: He has not heard any new developments on this except they are still in the process of trying to procure a soccer license.
Lastly, when speaking with Tony he noted that he can completely understand the anxiety investors are currently feeling due to the negative connotation reverse splits have. He advised me this is not an oil exploration company and the company had not intended for it to appear the transparency was jeopardized. The PR for the R/S was to be made at opening bell and the company had not thought this information would reach the public until they could give reasoning behind the legal implications for the R/S moving up from prior planning by the board of directors and Clint.
My perspective is this R/S was unavoidable and going to occur regardless before we moved to the Nasdaq. ETIM's lawyers advised it to be filed with the uplist. I am holding my shares. I will add if the price tanks further perhaps. BEE and whats left of the believers hang in there. If anyone has any questions feel free to contact me with the information below. Goodluck to everyone regardless of your choice.
Best Regards,
Matthew J. Gora
Business Economics
University of California, Irvine
Merrill Lynch
Wealth Management Advisor Intern
(949) 751-8070
MGora_uci.edu
Hedge, I agree completely. An investor who monitors their own portfolio may take this option. However, your large individual investors can not invest in the penny arena due to brokerage restrictions. I am an analyst intern at Merrill Lynch and can tell you a portfolio has to have atleast $500,000 to delve into the penny stocks. I am not positive if this # fluctuates with other brokerage houses but I am sure the amounts are similar.
Best Regards,
Matt
Happy New Years and may you all have a prosperous 2008.
~matt
Well then, get to work Basser! There isn't much time left before the uplisting.
~Matt
I have funds for another million myself. Just waiting for them to clear at TDA.
Heppie, I think the Pats will get the perfect season but my Chargers are going to knock them out in the playoffs!
Have a nice Sunday everyone.
~Matt
Congratulations Basser!
~Matt
Good Morning Bee, Ikag, LFM, Stocky, and others. Hope everyone had a wonderful holiday with their families. It's back to business for me!
~Matt
Merry Christmas and a prosperous New Years to all.
On a sidenote; Anyone want to take a guess at the superbowl matchup? ;p
~Matt
I will take those shares off your hands my friend. :) I have $2000 transferring to my TDA account for some more shares after XMAS. BTW, if your wondering where a college student pulls that kind of money its called tutoring at $30 an hour for calculus! $$$ It is amazing what people will pay in the OC for their precious angels to pull A's in highschool hehe.
~Matt
Send that suggestion to Tony imo.
~Matt