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funeralguy- if your camera is digital the pics could be sent via email and then uploaded from a hard drive to a message. Just a thought.
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funeralguy- will you be attending the show? If so would you kindly bring back some nice photos of the booth?
Thank you
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50investor- iBox is the blue tinted intro to this board. If it isn't being shown when you come here, click on the "show iBox" link at the top of the board. Links to financials and O/S counts are all contained in it.
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ETIM is #200. scroll down.
http://www.buyins.net/tools/short_list.php?dys=%3E12
link to some great news. we've been expecting this and here it is:
http://crainsdetroit.com/apps/pbcs.dll/article?AID=/20070820/SUB/708200351/-1/toc
Eternal Image plans to apply to trade on OTC Bulletin Board
By Sheena Harrison
3:01 am, August 20, 2007
Advertisement
Farmington Hills-based funeral-products-maker Eternal Image Inc. (OTC: ETIM.PK) plans to file in the next six weeks to trade up to the OTC Bulletin Board stock exchange, CEO Clint Mytych said.
Eternal Image makes caskets and urns that use licensed images from Major League Baseball teams, the Vatican Library, the American Kennel Club and other groups and companies. The company's stock currently trades on the Pink Sheets, a book of small stocks that don't trade on exchanges.
Mytych said moving to the bulletin board would help boost Eternal Image's clout with investors and move the company closer to one day trading on the Nasdaq stock exchange.
“It gives us credibility in the investment community because we're a fully reporting company,” Mytych said.
Earlier this month, Eternal Image concluded an audit of its financial statements from 2004 to 2006 in anticipation of moving to the bulletin board.
Mytych said the company was required to audit its past two fiscal years to file for the bulletin board. But the company audited three years of statements in hopes that going “above and beyond” the requirements would expedite the U.S. Securities and Exchange Commission's decision process.
For the first quarter ended March 31, Eternal Image reported a net loss of $535,956 on revenue of $165,530. The company reported a net loss of $107,481 in the first quarter of 2006 but did not report revenue for that period because the company — founded in 2002 — didn't start selling products until the fourth quarter of 2006.
As of March 31, Eternal Image reported total assets of $965,169 and total liabilities of $664,989.
Sheena Harrison: (313) 446-0325, sharrison@crain.com
50investor- the China trip is going to be a great for Alex. They dumped another 1.7 billion shares into the float in the past 2 weeks to help finance it. We'll also probably get a really great sounding PR upon his return. Read it over several times and see if there's any real meat and potatoes for the company and shareholders or just more inferances. Have you read the latest quarterly? Link is in the iBox.
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luvtradin1- you hit the nail square on the head. This has been an ATM machine for them for too many years. They are masters of the fluff PR machine. They give the reader many things to infer along with big names and companies while never really saying anything of substance about their own company. It lures the newbies and the unsuspecting into contributing with all kinds of pie in the sky "forward looking statements". Sorry to say it's all pretty much legal. Only way to stop it is when no one will buy the stock anymore. Financing will dry up as the CD holders won't be able to sell shares anymore to cover their cash loans to the company. Been waiting for that to happen but it seems there are always more suckers looking for the quick buck that read the PRs and see stars. It just ain't gonna happen.
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I'm still trying to figure out how, when you have the "guru of the internet" running your company, who, where, and how much all those monies for consulting fees goes to. Executive compensation still way out of line for such a small company with very little income. I think they have surpassed the previous record for stock sales. 1.7 billion more in 2 weeks strikes me as a little excessive. Shorters are making a killing here. JMHO
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Link to latest quarterly, June 30, in the iBox.
O/S count updated in iBox. eom
80 stingray- thanks. They don't want to give them up. Very stingy even at the ask. I filled some at .0049 and some at .005 about half and half. I've been playing sub penny stocks for well over 10 years now and have never in all that time had such a hard time getting shares at the ask. I've traded millions at a time and even in those quantities they are filled in seconds. It makes me think a little, damn, it can give me headaches doing all that thinking LOL.
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Superbee- love the over 30 club here, that other over 30 stuff, geezzz don't remind me LOL LOL.
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Mr sparks- a definate improvement. GL with the rest
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FWIW- I placed a buy for 900,000 at limit .005 when the ask was.0049. It took a little over 5 minutes to fill. Ask is there but very thin as they were filling 5000 shares at a time for most of it. Hey Superbee, I'm over 30 million now LOL.
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GM all, link to another news article. The Star Ledger is one of the biggies in NJ.
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http://www.nj.com/business/ledger/index.ssf?/base/business-7/1187067453306540.xml&coll=1
link to news article follows:
apologies if this has already been posted. I didn't see it.
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http://www.thejournalnews.com/apps/pbcs.dll/article?AID=/20070812/SPORTS01/708120387/1034/SPORTS
superbee- I never worry much about the market in general. As long as the PPT is in place any serious decline will be orderly unless they stop it cold. A majority of my holdings are in Canadian stocks and I have been enjoying the rise of the Canadian dollar of late. I firmly believe the Canadian economy is on a much better footing than ours. They are exporting more than jobs and dollars. Thomas Jefferson was a great thinker and writer. 200+ years ago he forsaw our gov't getting into a mess as they are now. He also had the solution.
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Superbee- according to that author of the blurb the hedge funds had a lot to do with it. politicians may try their best to control us but money controls the politicians.If they'd worship the green of the earth as much as they do the green of the realm I think the world would be a much better place to live. JMHO
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skinsmoney and superbee- the shortsale downtick rule was suspended by the SEC about a month ago. I haven't verified it but I got a blurb that it was so. link:
http://club.ino.com/trading/
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O/S count updated in iBox. eom
some food for thought- we are expecting the AFs any day now and altho they will NOT be pretty to look at, it is the first step in uplisting. I don't post too much but I wanted to inject a few thoughts. The big spike expected from the AFs will not be as large as some expect. I don't expect more than 20-35%. Anyone expecting more will be disappointed. I see many hopeful share price predictions going as high as $1. I ask this question: Let's just say sales will come in at $10 million this year and earnings will be maybe a loss of .007¢ per share, both are reasonable numbers right now. What do you think the market capitalization of a start up company will be at those numbers? Do some math with the outstanding share count and decide for yourself what the market cap should reasonably be. I'm not saying there won't be spikes on some significant news releases, there will be. It takes good numbers to raise the market cap and keep it there, and those numbers take time to build. Finally(I'll get off the soap box soon), this is a "hot" board with many active investors and posters. If you don't know it already the market makers read these boards also. They do provide some info that is usefull when providing the orderly market they're supposed to provide. They already have a good idea on the approximate numbers of shares that will be returned to the market from investors at what price. They use info like this to make money. It's their business and they know far better than we how to do it. Mopst of you should have sell targets for your shares. What if most of us have a sell target of say 3¢. All those orders going in at once, what do you think will happen to the bid/ask? Will new buyers be able to pick up the slack? I don't think the market makers will. Don't forget they have level 3 and can see all those sell orders coming in at once. OK so I'm done for now. Those that don't know me, I am not bashing the company or the stock. I just wanted to stimulate some thought and unfortunately lower some very high expectations.
Best of luck to all here.
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luckytt- thanks for the post. There's never been any prior clues as to when this thing pops. It does do it sometimes and that's when the smart traders make their money. The pops never last and will not as long as the dilution continues. For your sake and many others' I hope you do get a pop on the new website. Stick the MMs with those shares. But grab what you can and run as at the current rate of dilution this will be at .0001¢ by end of Sept. Best of luck to you
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luvtradin- welcome to the club. I've been trying to warn people about this company for years. I've been labelled a paid basher, a naked shorter, and other various handles over the years. I've also received many apologies from some of these same people saying I wish I would have listened to you. The bright light about that is I still communicate with some of them and we exchange ideas and make a few $$ here and there. I'm not as harsh with criticisms as I was before. Since I retired my computer time seems to have diminished as time doesn't permit anymore. LOL I'm busier now than when I was working. So I try to keep the OS numbers current and let those numbers speak for themselves. They tell far more than I can shouting from a mountain top. I expect one day the company will gag the TA and I'll go back to basher mode. I had a wierd experience with that type of thing a few months back. I called a new TA on a company I was investigating and their policy was not to give out those numbers unless specifically authorized by the company. The company had just switched to this new TA from an open TA and the red flags went up immediately. Needless to say I didn't buy any more. I has $200 in it and sold at a small loss. Win some lose some. I just posted to someone right here the other day on the perils of averaging down. I never believed in throwing good money after bad. Been in penny stocks for over 10 yeras and I'm still here making a few bucks. As much as you try to share experiences with some folks there is always the few that already know it all. They don't last long down here in pennyland. Sorry, I'll get off the soap box now. I appreciated your honesty when you came on board. You gave the company a fair shake while doing your DD and reporting back your findings for all to read. We have some longs posting here that still believe in the company and that is a good thing. There's always 2 sides and potential investors should get both before they invest. We have no pump and dumpers to my knowledge. If I suspected any of that going on I'd ask Matt to ban them. To me they are just thieves stealing from unsuspecting people. There is one poster on Raging bull WTVI board. I won't mention any handles but this poster has been extolling the virtures of this company and the technology using charts and graphs and anything else available to get people on board. Funny thing is someone checked on their IP address and found out it was coming from Newport Beach CA. What a surprise, the same place WTVI is located. You see how games can be played on unsuspecting people on the internet. So anyway, again, welcome to the club.
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Someone on raging bull just posted an OS count and it seems that they have dumped 500 million more in the past 2 weeks. I'll be calling again on Friday and post that count here in the iBox.
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Hunter- Hi, I'm not questioning whether they will or will not R/S. There's no doubt in my mind that it will happen. I just don't expect it until possibly well into next year. It would surprise me if they did it without exhausting a large majority of the authorized first. That's been the pattern.
Sorry you lost a bunch on this company. You are not alone as the list is quite extensive. I post the O/S counts on raging bull as soon as I update the iBox here and I find it amazing that some posters over there find a way to put a positive spin on the dilution going on. Then some say to average down. Averaging down is a bad idea with a company that is not diluting their stock. There is a reason why investors lose confidence. It's far worse averaging down into major dilution. Some will disagree with that philosophy but over the years selling at a small loss has saved me a small fortune over trying to average down an incurring further losses. Each to their own investment style.
I've said it before. You can make a few $$ with this stock. You have to be a trader with time to monitor it constantly with your finger on the sell button. It is a fact that not one long term investor has ever made money with this company. A long history of reverse splits has diluted every one of them to below sub penny level.
Best of luck in your future investments
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Hunter6110- I honestly don't think a R/S is in the cards for the near future. Historically they have pretty much exhausted the supply of A/S before reverting to the R/S. With only about 10% os the authorized out here they have a whole lot more shares to sell before they hit the 30 billion mark. When they hit the 70-80% mark then start looking for the R/S. As they dump more and more shares the price will go down to .0001 and at that point the share increases will start increasing exponentially to secure financing. I look for that about end of Sept at the current rate of dilution. That's been the pattern.
As an aside, when looking over their financials, I've always wondered: When they have the self proclaimed "guru of the internet" running the company, why do they have so much expense in consulting fees? It's not legal fees or accounting as they are separate line items. So, is the company paying Alex consulting fees on top of that salary? Who better to consult than the guru? Just wondering, that's all.
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Alibye- It is possible, but I think they will exhaust the authorized almost to the 30 billion before they attempt anything like that. They know they have a bad rep with investors and another reverse split and name change will only darken the stain. YHM.
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cashflo- given the rate of dilution, I expect by October this will be sitting at .0001. They will have to sell more and more CDs to maintain the cashflow to keep the company afloat. History is repeating.
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re: porn- About 5-6 years ago they tried the porn market. I guess it flopped because it quietly went away. At the time I figured well, I guess this may be the turn around for the company because almost everyone makes good in the porn market on the internet. By percentage it's probably the biggest chunk of bandwidth. The Swedish Vegas site is down. They announced a reverse merger into another shell then a month later the shell company put out a PR stateing they have nothing to do with Swedish Vegas and there is no merger or reverse split on the stock. I can't find any more info on it. I hope to be updating the OS share count today or tomorrow. Check the iBox.
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Alibye- the good thing about calling the company IR guy is that you will always get the correct info. Alex was in some trouble with the SEC in 1998 and I don't think he would want them bearing down on him again by deliberately misleading investors thru the IR. The case was settled for a $25,000 fine and no admission of any wrong doing. Colby will always give you the straight scoop if it is available to him.
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Hello all- been away for an extended weekend at the beach- no computers and cell phones off and pass the MGD. I'm catching up on the posts and mail right now. I will be contacting the TA later this week with an OS count update and will post it.
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OK, by popular request, there is now a link in the iBox to camguy's post. It is well written and presented, and accurate. I didn't think there were too many investors left that have followed this company as long as I have. It is a must read for anyone thinking of investing long term in this company. Will history repeat or will it maybe be different this time? Given the dilution still going on my vote goes to history. Then again I don't have the magic crystal ball, just my opinion based on what I observe. If you're already invested don't miss any opportunity to take profits. Free riders are the best shares to own in any company. Best of luck to all.
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sideshow- I maintain an up to date OS share count in the iBox. I believe the answer you seek is there. Welcome to iHub.
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Good morning- we are all in the market to make a few $$$ when we can, that's why we're here exchanging ideas and thoughts. I can appreciate the sentiments on ETIM. I am heavily invested in it myself and believe it is the stock of the decade from the pinkies. All that being said we need to keep things on topic here. Sometimes in an excitement mode it can be difficult to rein in enthusiasm. I know I get that way myself at times watching my accounts rising by the hour on a good run by a stock in the portfolio. I try to promote an open board here for any and all thoughts and ideas. Please just try to keep postings at least close to on topic. Thanks to all
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OS share count updated in iBox. eom
Hello everyone, I just added links to the company's last annual report and the latest 2 quarterlies in the iBox. They are in PDF form. Update on the outstanding share count coming next week. I hope at least some of you made some $$ this week on the spike. GL2 all
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mkendra- kudos to your sound advice. Pinkies have worse odds than a blackjack table, but the rewards are far more substantial if you hit a good one. I've been trading them for over 10 years and the losers have far outnumbered the winners. Yet one good hit now and again makes up for a great number of those losers. I'm retired and have taken most of my gains and put them in Canroys. Those monthly dividends are a great supplement and I would recco them to anyone even with the impending tax changes in Canada. There's still 5 good years of dividends left and in politics anything can happen in 5 years. Once again also, your advice to invest only what you can afford to lose in penny stocks should be read by any and all that are thinking about it. Best of luck to you.
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Lots of buzzing here tonite. Sounds like I picked a good time to add a couple million yesterday. Looks like I will need to take a break tomorrow and check for news.
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KRUNK STOXXX- I'm just speaking in generalities here and you can apply this to any company that puts out press releases. Too many investors/posters believe that "calling the company" is real DD. IMHO nothing is farther from the truth. IR people will give the company line and mostly ignore anything detrimental. One piece of real DD I have found usefull over the years is to get in touch with anyone or any other business mentioned in a PR and get their take on the subject. They usually have nothing to lose from telling the real story. FWIW
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Hello all, I've been a little busy but still get time to keep up on things. I notice a lot of concern on the CDs and rightly so. I'll be doing an update on the share counts next week. The drop in share price this week does smell of more dilution. You get a PR to try to help the share price but in the face of the dilution, it does little if any good. Then there is the history here. They have been running the company on CDs for at least 7 years now. Diligent traders can make a $ or 2, but all long term shareholders have lost part, most, or all of their investment on the reverse splits. Unless they can come up with some large sales look for more CDs to be sold and more dilution to follow. According to their last unaudited Q, the accumulated deficit is now about $90 million. If they ever make a profit it will be great at tax time. Poster outwest has given his opinion on how well the company seems to treat their station buyers. Good for them, but some better attention to their investors' concerns might not be a bad thing. IMHO I still see nothing good on the horizon for investors. I look for meat in the PRs but still only see fluff and vague references to successful individuals and companies. Best of luck to all.
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