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I got out at .035.
Well, I must have missed the one where you factually disproved my opinions. Care to repost?
I'm merely associating myself with them since that's what I've been labled by the horn tooters.
I never stated anything as fact. All my opinion. I think there are shades of grey that the company says. For example, they raised 1.2m via private investor -- yet in that PR, they forgot to mention that 650k of it was via a CD. Conveniently left out. Why?
So, that the company is somehow selling shares is all my opinion. That there is some kind of scheme that is being played out is all my opinion. If these things were factual, believe me, you would be seeing a lot more posts from me.
Should've been over .05 with the volume lately. Why isn't it?
My posts are not intended to try to bring the pps down. And it certainly isn't to affect those of you who are enthralled by EI. It is to present the downside possibilities to potentially new investors. I believe the pps will continue to rise because I don't think whatever scheme EI has cooked up isn't played out yet.
If I were new to this board, reading through the posts today, I would think EI is the best company in the world. Just trying to keep it "real".
If you or anyone else that is "Rah! Rah!" about EI do not like what I have to post, please ignore me. I am perfectly fine with that.
No, my problem is that you are all cheering EI and dismissing all the crap that they've pulled. All it does is encourage them to continue to act in the same way -- and the stuff that is happening recently smells familiar.
Mob mentality has officially set it. Huge volume, mediocre pps rise relative to volume, and suddenly people think that EI is somehow gonna get huge sales revenue. Somehow I doubt you will be as harsh about the company once it is revealed (IMO) in their 1Q and 2Q financials how poorly they are doing and how they have been dumping shares.
Let's see, lots of volume, more than enough to have pushed the PPS to above .05 imo, EI pumping....all points to a dump. Enjoy the ride, but remember to get off. This may see higher prices, but it will be all artificial imo. Someone will be holding the bag when this artificial bs is over.
I wonder if EI hired a third party to help it dump shares, if EI is dumping shares. All this volume and still under .04. Its suspicious. Nowhere near this number of shares (the past few days) was traded to keep the pps down at .02. Don't lose sight of reality in your enthusiasm...imo.
If it is ei dumping, so long as they dump without affecting the share price, everyone will be happy. However, they had better follow up with some big news to warrant the new bloated market cap. Question is, which investor will you be? The kind that buys into the "good news is coming -- look at the volume!" and waits for the news, praying for it to be DAMN good? Or the kind that wants to see the goods before forking over the money? IMO, Given ei's past trespasses, ei does not deserve my benefit of the doubt. Good luck to you if you choose to buy the hype.
They might be.
Dun! Dun!! Dun!!!
Is there a sarcasm icon? I could've used it in my last post.
Could be anything. It could be the MMs shorting knowing that the company is dumping. Maybe the MMs got a tip off from NAR or others who might be familiar with EI's cash situation. Or yes, could be a bunch of really bullish big time investors absorbing the float based on rosy expectations.
We'll see if the buyer has enough juice to push past the dumpers. My bet is on the dumpers. Crazy volume and didn't even break into .04....
Anyone else's sixth sense going off? Something is amiss.
Are you talking about the CD? If you add up all the shares from the CD and from the shares used to pay off debt incurred, you'll see that NAR and crew got their shares at a pps of .0006.
Besides, I'm saying that EI may be dumping t-shares. NAR may be dumping shares too. If they are, then I would be even more upset, if I were a shareholder, that they might be working in cahoots with EI. I would've liked EI to be rid of the NAR plague after the conversion.
What is this PR? Is the company trying to generate interest so they can continue to dump? JMO.
I wonder what happens if EI does not reach its financing goal with the latest round of manipulation. Do they capitulate and dump mercilessly until they get to their target? Or do they have some other tricks up their sleeves? Btw, all of the above is pure speculation on my part. Who knows, maybe there is some big investor that negotiated a big private placement with EI. I don't think so, but one never knows.
The volume is incredible. The affect on share price leaves a lot to be desired. This feels a lot like those times when there was good news but the share price had a ceiling around .0055. I can't wait to see the 1Q financials.
Nice post, but I would caution any one that is looking to invest in EI for the first time should think about waiting for at least the 1Q financials before jumping in. That way, they can get in after the (potential) news of dumping of T-shares and/or disappointment from not meeting sales of $200k/month. JMO. If these potential negatives turns out to be without merit, you'll still have lots of opportunities to make money since the company is really just starting to grow.
Are you sure? The way I remember it, there was a private placement allright, but it was between NAR, a company affilicated with NAR and EI. Some portion of it was to pay off incurred debt. The majority of it was raised via a convertible debenture. None of those shares were preferred. The preferreds were generated out of thin air and all given to Clynt (so they had better make those shares disappear sometime soon otherwise they constitute a huge bonus for no good reason).
Prearranged between what parties? Company and private investor? Private investor and MM? MM and MM? ?? and ???
I'm in agreement with you.
Maybe. It could be their strategy to sell shares yet sustain share price (and grow market cap). If so, I wonder what concessions they are giving up? Can a public company disclose information to private investors exclusively? I don't think so. So what are they offering as a concession???
Don't forget about the 1.38B treasury shares.
What about T-stock? Are those restricted during the uplist review?
I wonder what is taking the auditors so long with the Q4 financials. How do they expect to keep up with regular SEC quarterly filings?
You know who I think that is.
Anyone keeping track of the volume? # of shares it traded to take the pps to .035 from .02? I'm not, but it would be interesting to see how many shares have traded since the PPS hit .035.
Again, you forgot to add "IMO". Good luck.
I'm not complaining. I am out remember? I am biding my time until such time that I feel EI is capable of growing without having to dip into investors pockets.
In the meantime, I am pointing out things that I think others might benefit from. I could speculate on all the positive things about EI, but there are enough people doing that. Besides, that sentiment is not inline with mine atm.
As I said, I will be looking at EI's financials very carefully for the next 2 Qs. I will share my crazy ideas as they come to mind, be they positive or negative.
But I won't be here bashing for the sake of bashing. I don't think the PPS will get back to my interest levels for a few months still. I will wait patiently for the opportunities I am looking and will be ok if it never materializes. There are other stocks out there that I am interested in.
Good luck.
We'll see how 2/08 and 3/08 sales turn out.
The following is all OPINION.
I wouldn't be surprised to find out a few months down the road that ETNL had sold shares during this rally to raise much needed funds. The M.O. might be like as follows:
1) Let the pps drift down to a false bottom (0.02) enabled by insider buying of shares on the open market.
2) Establish a firm bottom. Take it slow.
3) Start creating a false impression of something big coming. 4) Use the chart to throw off any accusations of manipulation by insiders.
5) Create a mob and generate momentum to the upside.
6) When the mob mentality is sufficiently set in, release a PR (or not) and begin dumping treasury shares. Insiders might partake in this as well since they bought the majority of their shares cheap as described above.
7) If the company has any shortfall in expected cash that was to be generated, it can borrow from the insiders that earned a handsome profit.
Might not be exactly as described above except for the net effect.
Again, PURE SPECULATION. But I will be looking earnestly at the balance of Treasury stock in the 1Q and 2Q financials.
Investors and flippers who left will have to pay more today and in the future.
You forgot to add "IMO".
I thought about it, but I decided to stick with my plan. I know I will probably miss out on some profits, but I didn't want to be kicking myself for not selling when I had the chance particularly if Murphy's Law kicked in. Good Luck.
Well, I am out. Good luck. Remember to take profits if this continues to rise. I'll be looking to jump back on this horse if/when it falls back to .02 or below.
What I am saying is I believe that after this pop (which I believe is the MMs "making the chart" -- I am NOT complaining), and possibly continued popping if we get good news, the PPS collapses again. Having been on this ride too long, and believing what I believe, I will be satisfied with getting out at even. Like I've stated before, I don't believe sales numbers will track with the $203K in January. I don't believe EI will be able to finance operations without having to sell shares from the bloated AS. And I certainly don't take what EI has to say at face value. Also, we're up almost 50% from .02 on no news. Profit taking will come very soon and hard unless there is good news coming. And with this buildup, you can bet that there will be massive selling into the news if the news isn't spectacular. I would have to be on some good stuff to believe EI could sustain any rally in the PPS permanently. They are not ready yet. Maybe late this year. I plan to stay ready for buying opps, but I won't make the mistake of jumping the gun again.
I wish you all luck in making money and I am fine if it is without me. I just want to get out in tact as much as possible.
Thanks for being sympathetic. Almost out of the woods. Can't wait.
No doubt! The sad thing is I am still down!!