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Thanks MKA. Pretty much reinforces my thoughts on recent trading activity. I hope there is good news lined up and that it pushes the pps higher.
Lots of volume, closer to my exit, but still very far from it. I smell a set up -- NAR relaxing its grip to let the pps and volume rebound before crushing it again. I just hope my exit is below NAR's target for battening down the hatches again.
Silence is probably due to waiting for the uplist. I am on the fence about this. One one hand, silence is boring. On the other, once we're uplisted, the company (I believe) will sell shares in order to make up the difference between sales and operating expenses. Come on, just a few more upticks and I can bail!
Needs to go up a little more so I can exit with some pride.
50-50 depending on whether EI can sustainably dilute the current OS in order to survive and grow until sales finally catch up to expectations; sustainably meaning selling shares for reasons acceptable by the investors to warrant maintaining/growing market cap.
ETNL has/is progressing. I don't doubt EI will eventually be a successful company. However, I doubt that my investment will be worth anywhere near what I put in when the vision is realized.
We'll see how it all goes down soon enough. Only another 2-3 months and things will become transparent. I hope you all can tell me you told me so then.
I don't see what's so great about your post. Your points are generalizations -- they apply to any company, not just EI with all the problems specific to EI.
Perhaps I would think your post was great if you addressed EI consistently disappointing investors with their sales projections? No, you can't because only EI can answer that. Yeah, I know, they've had production problems. I fully expect that 1Q sales do NOT track anywhere near $600k (which, btw, is still piss poor, imo). My opinion is EI's fault (yes it is!) because they have been CONSISTENT in disappointing. I would be happy for them to prove to me otherwise.
I see more dilution coming (from sale of more shares from the new AS) in order to finance operations. At this point, I hope to get a nice pop before the financials so that I can get out with most of my money back. I will then look for a new entry point, which I believe will be much lower than .02.
Yeah, its my own fault for being so damn gullible as to believe the public statement's made by people affiliated with the company.
Bigbaldon, I apologize for saying your investment decision was poor. I certainly didn't think that about mine when I decided to invest. I hope you don't come to think of yours as poor later on down the road.
That is sad. But alas, you are solely responsible for your (poor) investment decision. The company did not force you to invest in them. Sure they lied publicly, but its wasn't really a lie since at the time, they actually believed their projections (right! I doubt it!!).
I hope you at least got in at .02 instead of other gullible people, like myself, who have gotten in at much higher prices. In hindsight, I should've listened to the bashers and flippers. At least I would've made money that way. Instead, here I am, a bagholder. What's worse is that my bag has a hole in it and the contents keep getting smaller.
Well said. Thanks for replying with intelligent and coherent reasoning instead of others that reply with silly "look in the mirror - it's you"-type posts. We shall see on which side of the coin EI lands. We both hope for the same, but we have different expectations.
Respectfully,
Bidrogen
I think shareholder count dropping from 4000 to 3000 to ... is a good indication that most DO understand ETNL's (backwards) progress and plans. RS has been done and blindsided most everyone who chose to believe what the company was telling them. Yet another reason why I do not feel any reason to give EI any more benefit of my doubt. ALL IMO in case you couldn't tell.
I have. None of the shortcomings I can think of in the other companies I invest in are as far short as EI's.
I think most readers are smart enough to figure out that it was my own opinion.
I have little doubt that in the end, EI will become a successful company. My concern is that they will do so after much more necessary (dilutive) financing. I do not see anything positive about being a long supporter of EI if at the end, all I've got to show for it is having to wait many many years for the PPS to appreciate enough for me to realize a profit. As many of you may not understand why I have turned so negative about my outlook, I also wonder just as much how you can remain so positive in light of all that's happened. All that does, IMO, is encourage management to continue behaving the way it does to shareholders. I want management to know that there are intelligent people out there, not all of them who are beholden simply by the product and ignore the non-performance. I've emailed them my concerns. I've confronted them about the inconsistencies. They stopped responding once they realized I was seeing through their cloud of white lies, imo. Either that or its dueto the uplisting process. Irregardless, I will say what I feel needs to be said, but will try to keep it as truthful as ones own interpretation of events can be.
Yes, I agree that their intentions all along have been for the good of the company. What is wrong with the following statement:
My intentions were good. I wanted to save the human race from AIDS. So I decided that everyone with HIV or AIDS had to die.
OK, a little over the top, but that's how I feel about EI's good intentions thus far.
OK, my complaint reserves are depleted. Let's see how long it takes to refill.
Come on EI. Where is that PR about the reduction of the AS????
I would drop the expectation to reach .50 by yearend. Take it to mean as much as the statement they made during the Fox interview...you know, the part about clocking 2000 to 2500 mlb urns per Q. What a joke that was. Wait, jokes are funny. That was a disaster. I'll be surprised if we get to .10.
Yes, as long as it holds.
Don't give me a reason to rant about all the shortcomings of EI once again. It'll be the same old sh*t, but will stink just as bad.
No need. Maybe you can forego any sales commissions until EI begins to urn a profit? Heck, you should return all net positive income to EI. Consider appreciation in the shares as incentive.
The bottm is at .02. But, if the bottom is being supported by insiders (they have alluded to as much), then is that a real bottom or a false bottom? Its good for as long as they've got the money to soak up shares here. What happens if the company doesn't have positive cash flow? Do we get timely news meant to propel the PPS so that the company can sell into it to raise desperately needed operating funds? Or were those January numbers a truthful indication of where sales are headed? I'm tired of being played. I expect to be played by MMs or P&D'ers, but not by the company. So far, the company has not provided enough information for me to be positive. They can't expect to placate me with crumbs when they've lost the cake!
That imples...
a) You expect a drop to follow the pop; no news to keep the pps higher.
or
b) You bought shares for .02 specifically for the pop you've been anticipating.
Good luck either way. I just hope to see evidence that the company is not leading me on.
Yeah, the technicals indicate that someone with means of control can drive it for a pop. Hoepfully, the pop coincidentally coincides with a nice PR. Otherwise, we just end up right back to where we are and head lower.
I won't be smiling unless the PPS closes green again strong tomorrow. Otherwise, its only the flippers making money.
"...one day closer to improved sales..."
We shall see. Another excuse about production issues will be pitiful.
Whoop dee doo.
Let's not forget that it was you who started this conversation when you decided to tell me how I should feel about my own decisions.
Kind of hypocritical of you to now to tell me what you would do, though that was not the point of my previous post.
Also, I don't recall saying anything in my post about how you or anyone else should feel. I was merely expressing my concerns and frustrations, which are valid, imo.
If the company says they are going bankrupt, you would sell. It works both ways. Noone forced me to invest in EI. EI, however, influenced my decisions and they did so without integrity.
Simplifying it as you and dancy do is a cop-out. It tells me you can come up with no better argument for why I should feel more upbeat about EI.
The world isn't black and white. Its full of context. You and dancy are trying to take the context out of this issue.
Since they issued via a PR, I don't doubt that the January numbers are accurate. My concern is will those numbers be consistent (and growing) on a monthly basis or will we see a big drop off for the rest of the Q.
1. Comany said they raised $1.2M. They didn't tell us that 650K of it was with a convertible debenture.
2. On the Fox interview, they said 2000-2500 mlb urns per Q. Not even close.
3. Detroit PR said 250K. I believe EI said this even before the this PR. They were off by 100K.
Each time they miss a projected revenue target, they blame it on production issues. That excuse is getting tired and old.
I am watching with eyes wide open. Perhaps if everyone did, EI would realize that they aren't fooling anyone.
SS, thanks. Your posts today have saved me the time and effort to vent my own frustrations.
The act of filing in and of itself is not enough for me to credit EI with being transparent. Taking action that dammages investor value and then PRing it, all the while spinning it as being positive is NOT being transparent. I am fully aware that this is a growing company and needs to raise money, creatively even. But, I had hoped that this company would behave with integrity and treat its shareholders with respect. Instead, they continue to spin things instead of being fortright. Fact is, if they had been more up front about the problems they were having, or at least not keep setting me up with false expectations, then I would be down the same amount that I am, but feel better about the company. Now, the company can expect only skepticism from me about whatever they say or PR to have accomplished.
I worry that by the time the company begins generating positive cash flow and growing in value, the dilution will have been such that I will never recover my losses. Of course, I could mitigate this by averaging down. However, the problem is you can never be sure where the bottom is, particularly when the company speaks half-truths that thus far have never resulted in pps appreciation. Everytime I think that the pps can't go any lower...or that my investment can't be diluted further, it does!
Are you being sarcastic or is that how you really feel?
I just remembered the other thing I wanted to say, but forgot to at the time. If the jump sales are due to having moved 4Q sales over into January numbers, doesn't that set us up for a big drop-off for February and March assuming that actuals sales per month is really closer to $100K??? Of course, the other side is if the jump in booked sales is legit and remain steady, then we're looking at $600k for 1Q and at least $2.4M for 2008.
I hope its the latter. I will walk if there is one more disappointment due to being "led-on".
More conjecture, but even that stack on ask is suspicious. Its telling me "look, there is hardly any resistance!" Yet, every time the bid moves up, it gets whacked. There is someone out there wanting to unload a lot of shares and wants to do so at .02. You all know who I think that someone is! Regardless, it sucks.
EI is in no way a scam. Does it behave as a typical pinky? Yes, since that's the environment in which they exist atm. If sales don't grow dramatically and soon, I am sure there will much more typical pinky type behavior to come.
The volume makes me think its NAR selling and EI buying. Of course, there are retail investors involved, but my generalization is wrt the majority if the shares being traded. JMO.
Well, I firmly believe that EI has drawn the line at .02. Question is how much NAR is looking to dump right now. Who's going to blink first? NAR or EI insiders.
That's a lot of conjecture, Lurker, even for me. I hope your theory pans out, though that would imply that the company cares more for the big boys then to the retail investors, who are probably larger than any individual investor in aggregate.
Careful what you wish for. If its NAR dumping, then you have to wonder what they know....or what they are trying to do, which is impose their will on EI. Cash is king and ETNL doesn't have it. And they won't get it easily if NAR decides they aren't done with EI yet.
WTH. What happened to the floor?