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small blub from Cleveland:
http://www.cleveland.com/sports/plaindealer/index.ssf?/base/sports-3/119416898284390.xml&coll=2
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Last time I posted an article from there it had all those question marks too. Still haven't figured it out.
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more from Europe: may be old news, but it may have just hit Germany. Or it could be patents for Europe in conjunction with our Irish partners.?????
http://www.ad-hoc-news.de/CorporateNews/en/14007718/Eternal-Image-Files-for-Design-Patent-Protection-for-Urns
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more free advertising: since baseball is over until spring, I think the star trek line is now the lead item for news.
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http://www.networkworld.com/community/node/21418
updated share count in IBox. Didn't take them long to start dumping shares again.
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Fastfingers - you make the point that I have tried to make in the past. I would hope that more investors pay attention. One, this is a long term hold. MMs are not allowing any play in the pps I am assuming out of fear of being too short when the price will spike on the uplist. Which leads to the second point. True enuff there are many shares out. A large quantity of them are in some very strong hands. Most of these hands are tapped out in their accounts and would have to shift funds from other assets to buy more ETIM. No one in their right mind would advocate filling the ETIM basket at the expense of diversity. So as we believe, given the current share structure, many potential investors are watching instead of buying. And don't forget 90% of investors won't touch a pinkie with a ten foot pole. The key to bringing on more investors is the uplisting to the otcbb. It brings the transparency that many need to see before investing in anything. Granted they won't be getting in on the ground floor like many of us have, but they will be along for the ride and their hands will become stronger as the numbers on the 10Qs climb each quarter. The traders will be active also. Don't knock them as they are part of the market also and can really put a crimp in MMs designs for orderly markets short term. Seen that happen many times and it can take weeks for the MMs to regain control. Bottom line here is that very little will be happenning with our little company until they are uplisted. JMHO
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Sometimes I wonder how I find these far out promos
http://gizmodo.com/gadgets/star-trek-coffin/star-trek-coffin-warps-your-corpse-to-the-final-nerd-frontier-317341.php
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million$$$- your opinion is more than likely right on and shared by everyone that has ever invested in this company over the past 15 or so years. sent you a PM.
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grass and varok- in the past I've also mentioned the possibility of the reverse split. It's not necessary now and now would be a bad idea anyway IMHO.To uplist to the otcbb it is not necessary and again IMHO would be counterproductive under the present circumstances. As a rule, 99.9% of the time I am adamantly against reverse splits. They generally originate from too much dilution and after it takes affect the dilution continues eroding shareholder value. In our ETIM's case, to effect an uplisting to nasdaq or possibly the amex in a few years, it might not be a bad thing. I base this on the fact that even with an uplisting to the otcbb, 90% of investors will still not touch the stock. An uplist to the nasdaq or amex or even the big board would not only throw the stock open to far more investors, it would open it up to institutional investors-read mutuals- that are not allowed to touch anything under $5. There are a lot of dependent variables here and all of it depends on revenues increasing in each quarterly report issued after the currently planned uplist. As I stated previously in most cases I am opposed to reverse splits. For our ETIM, I am keeping a very open mind about it.
All JMHO and comments are certainly welcomed.
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silo and board- to continue the FWIW category, I never rely on the accuracy of share counts on pinksheets.com. A large majority of the time I have found them inaccurate. Good luck everyone. These are trying times for the impatient.
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PS- it's not me selling!!!!
Gostock, sell and take the loss. You can use it to offset gains on other stocks. Whenever you see someone somewhere trying to say how great this company can be, please jump in and relate your experience with it.
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Gostock- your brokerage can't do anything until they get the word from the TA to make the transfer to the new shares. It must be authorized by the company first.
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sludge- prior to the R/S OS was over 18 billion.
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OS count for new ticker updated. eom
Hello all- The board has been updated to the new symbol. Thanks go out to Matt at Ihub admin. I'll be calling the TA tomorrow for the updated share count on the new symbol. I suspect it to be around 20 million post reverse split.
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bloodaxe- I think the IHub admin automatically changes the board to the new symbol. If it doesn't happen, I'll sent them an alert to make the change. Hopefully the old posts will stay. And yes I'll still be around. We can't get these people put in jail for what they do, but if we keep spreading the word about what they do, the buyers will eventually dry up.
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Gostock- I have doubts that you will even be able to sell at .0001¢. No one wants the shares of a company with this history that has announced a reverse split. If you can't sell, be at your computer on the 22nd with your finger on the sell button. It may spike up a bit, it has happenned once or twice before, but don't count on it. I think it will open at around 10¢ on the 22nd and close around 6-7¢. Within a month it will be 1-2¢ and slowly sink lower as they dilute continuously. That's been the pattern. There are a few TAs that are self gagged. It wouldn't surprise me to see them switch to one of them. If not I'll be up on the share counts.
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Hello Blue Horse Shoe- You do such a great job here on your board(thanks for BLTA recently) that I hate to disagree with you on anything. However I have to take issue with your $1000 gold prediction. In 2 years or possibly less, anyone will be glad to buy gold at $1000/oz., as it will be far past that price. Keep your eye on silver also. There are some very knowledgeable people that are saying there is more above ground gold available than there is silver. Don't forget silver is an industrial metal as well as precious and is being heavily consumed by industrial economies all over the world. I'm seeing silver at $100+ in 4-5 years at most. Back to gold and this is just a FWIW, I see you're into GLD, just be aware that the gold in storage to back this fund is unverified and unverifyable- read James Turk. Apologies for coming to your board with a disagreement, but I thought since you're into precious metals, I thought you may be interested in hearing from someone who has followed those markets since the 1970's. The current commodities boom is just in it's infancy and will probably last close to 20 years.
Thanks for all your hard work here.
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montana and gary- sorry you guys got screwed by these people. Please accept my invitation to come back and tell the excited newbies coming on board after the reverse split about your experiences with this stock. The only way to break the pattern is to inform others about this company and what they do to investors. If the CD holders can no longer pawn their shares off on investors, they will not supply the monies to keep this afloat. Gee, Alex may have to go out and get a real job.
In response: What they are doing is perfectly legal, totally immoral, but legal. They have a product to show anyone who cares to see it so as far as the gov't is concerned they are a legit business.
Please join us spreading the word.
Thanks
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Gostock- your 3 million shares will be reduced to 3,000 shares in the company's new symbol. In theory, the new symbol should be trading at 10¢ the day the reverse takes effect. In the past I have seen the share price spike up after a reverse split. It may or may not happen this time. I'd tell you to sell your shares and get out while you can, but they will be almost impossible to sell. With this company's history, everyone and their brother will be trying to get out before the reverse split. Market makers also know it's coming and they don't want to be stuck with the shares either. If you hold, you will likely see the same pattern of dilution you have witnessed this year. Your 3000 shares will probably fall to .0001 eventually right before the next reverse split. It's happenned that same way 5 times in the past, why should it be any different this time.
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Don't know if this link was posted yet:
http://www.tradingmarkets.com/.site/news/Stock%20News/702221/
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clarification on restricted stock- When I posted about the float doss not include treasury stock and restricted stock, I may have created a bit of confusion. Let me clarify a little. I used the term restricted in a very broad sense thinking everyone knew which types of stock are in that category. My apologies, that's what I get for thinking. Types of restricted stock that are not included in the float:
Insider holdings,
Any holdings that have to be registered with the SEC and form
144 be filed before selling,
Stock restricted by contract,
If I have missed anything please feel free to add to the list and again, my apologies for any confusion caused by my previous post.
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Longs selling do not affect the float. The only things that affect the float are shares coming from the company treasury, and shares coming to the market off of restriction. Restricted shares and treasury shares are not part of the float. FWIW
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nice find bloodaxe, I remember that relationship, but never heard about the pump and dump and prosecution. After Alex's trouble with the SEC back in the late 90's I would have thought he'd be treading very lightly and have nothing to do with anything like that.
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kubjo- the only thing that comes to mind is the old lotto play. It's a favorite among penny stock traders. Stocks sitting at .0001 to .0005. It costs you $100 - $500 for a million shares in the hopes of a quick double or triple on a bit of news in the future. If not, oh well, it's only a few hundred bucks. Use it to offset other gains. I've done it myself, not often because they rarely pan out that way. Other than that, there is a big internet investment world here in cyberspace. Only a small % come by to read boards like this as most think it's a waste of time and energy and you can't really rely on all that is posted. Many people post with their own agenda, usually a pump and dump. Even myself, I have an agenda here. I want everyone that comes by to know the history of this company thoroughly before they invest hard earned dollars in it. With the help of a few knowledgeable posters here we get the message out to anyone willing to take the time and read it. If they still choose to invest that's their own personal decision. Even I have always said, a smart trader can make a few bucks off this stock. As far as an investor, it is a fact not one long term investor has ever made money with this company. Every one of them has been diluted and reversed split out of their original investment most ending with less than a penny on the dollar. If, knowing all that, someone still wants to invest, feel free. GL2U
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Anyone post this link yet? From LV Sun:
http://www.lasvegassun.com/sunbin/stories/sports/2007/oct/12/566633009.html
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OS count update in iBox. eom
heppie and stocky have both stated their thoughts well and kudos to both of you. ETIM has not been on the short list for over a month. The low daily volumes in a way are good for now. It would scare me more if we were not on the short list and had high volume days and the pps wasn't moving. Those shares have to come from somewhere if it's not being shorted. I'm still in the patience camp here. I believe the uplisting followed by 10Q's showing increases in sales, revenues and earnings will be the prime mover here. I've said it before, this stock altho a pinkie is trading like a big board stock. Increasing revenues and earnings are what move the pps. I'm still preaching patience here. Best to all.
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More foreign press blurbs, this from a soccor site. Could European soccor be next?
http://goal.com/en/Articolo.aspx?ContenutoId=442153
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In China they place bowls of food on graves. Tha arrogant American says "what do you think the person is going to do, jump up and eat the food?" To which the Chinese directer says" In America you place flowers at the grave, what do you think the deceased is going to do, come up and smell them?". Cultures do differ greatly, and age old traditions are extremely resistant to change. It will take time.
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We made the Washington post:
http://blog.washingtonpost.com/offbeat/2007/10/wednesday_breakfast_bender_39.html?nav=rss_blog
camguy- months ago there was an excellent poster here with a handle of budgetcuts0. He and I had some somewhat severe disagreements with howdydoody when he was here pumping this company. Anyway, he posted some excellent info on REGDEX filings and how they affect companies like this one. He posted some very nice detailed info and was extremely knowledgable.
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Hi Hotstocks1- I don't know where those numbers came from, but if they are accurate, buyback or not, there has been dilution. I have kept quiet about it, but I have suspected it all along. With all the positive and free PR about these new lines not only here but in Europe there should have been a share price appreciation even if only 20%. Altho I can't verify those numbers, they do answer many questions posed right here on this board, and it makes a lot of sense. You may call me foolish, but even in the face of my own suspicions, I have continued to buy more shares. Whatever is going on now will be laughed at next year at this time. I'll just patiently wait.
Also I am in total agreement with a reverse split if it takes this to Nasdaq and the A/S reverse also. I abhor reverse splits, but this may be the 1 in 1,000 that actually benefits shareholders. Best to you
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Trunk- what you're referring to is market capitalization and yes it is an important statistic looked at by investors. Your scenario is correct at the .004 level and .008 level with half the OS being the same market cap. Revenues and earnings are the 2 numbers that drive market cap. There are many formulas people use to try to predict market caps and invest accordingly. It is true that outstanding shares X price per share determines market capitalization, however at some point in time, generally during a quick run up in share price, people start looking at the market cap instead of the share price and the outstanding shares and say "is this company really worth that much?" You see it a lot in penny stocks, a quick run up then the "gap" that must be filled. Most times that "gap" is created by investors wondering whether XXXX company with $45,000 in yearly revenues and a loss of 67¢ per share is worth a $125 million market cap. I hope that helps a little. Your thinking is not out of line. GL2U
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More free press, new star trek casket and urn pictured with it, link:
http://www.tgdaily.com/content/view/34257/98/
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I see some of the troops are still somewhat antsy awaiting a share price increase. I'm not going to repeat my patience post of earlier. It still is the key to making a nice buck here.
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Hi Superbee, Many companies do the calandar year. It makes life a lot easier sometimes complying with reporting requirements. Thanks for the heads up.
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The 10K will not be for this year. It will be for the time period the AFs covered. What you need to follow are the 10Q's.Those quarterly reports cover the recently passed quarters showing revenues, O/S, profits, losses, debt etc. The next 10K will be a summation of the 4 previous 10Q's. What period is covered all depends on how they list their fiscal year. FWIW
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GoStock- In 99.9% of cases a reverse split is not good for the shareholder. This will be no exception. They have done 4 reverse splits in the past 5 years and each time have diluted the outstanding shares back to the .0001¢ level. I'm sorry you bought in to this. It has to be one of the worst on the pinkies. Shareholders to these people are only a means to the ATM for their exorbatant salaries. That's been the history. After each reverse split new people come around saying this time it will be different. It hasn't ever been any different and probably never will be. Read some of Camguy's earlier posts on this board. He has posted extensive histories on the R/S and name and symbol changes. It's all designed, IMHO, to mislead future new investors like yourself. Best of luck to you.
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GoStock- If there are no bids, then no one is willing to buy if you want to sell. The market makers have shares to sell but even they won't buy. If someone wants to sell they can put in a sell at .0001 and compete with the market makers. Historically that has been a tough way to go. The other way is sell at a market order and possibly get a market maker to buy at .00005. That's been known to happen more frequently. The next step is a reverse split when the buyers dry up. Then the game starts all over again. There has been some good evidence the reverse split is coming Oct 22. That's not for sure but a recent filing by the company seems to indicate the possibility. Again, that's not a sure thing.
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