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Lets say the float was locked which it is not..Still there's nothing good coming from this company to generate any outside attention. This company only has bad news..only good reference for the charts is the steady decline in pps...everything else is a bunch of mumble jumble talk from the cheerleaders..look at their history for last 2 months since this was pumped and dumped.
CEO is a fraudster. His name is intentionally misspelled. ELED is just a sham business for him to accumulate lots of debt without personally being liable.
This company hasn't gone bankrupt yet? Can't wait to see this next dirty financial report. Wonder how much more debt accrued? They surely havent generated any new business. ELED is a scam business. They say they are in business of acquiring companies but how can they with no revenues, judgements and enormous debts. Have you seen how much money they burn in "research and development"
One thing for sure is that this pump is dead. Only bagholders and lame pumpers who don't know how to move on.
SEC hasn't shut this scam down again yet?
Huge runs are on the horizon as status is updated.if the drug actually works that will be awesome!! But this will run on potential alone..human trial results will be critical
All exciting stuff!! If the drug is actually successfully then great..the potential alone will create a huge buzz..this will have runs as status progress happens
Can repost the conference call information thank you
At this rate they prolly agreed to get them gazillion shares. Paul's got terrible negotiating skills.
The company is desperately looking for help cause bankruptcy is right around the corner...only hope here is further dilution cause they got debts and judgments. Nobody's hiring this failing business for any future work.
Even further this company is a sham..they say there are in business of acquiring companies..they don't have any money to acquire and must have the worst credit rating possible.
This pump been dead long ago..I'm just waiting to see how long before ELED goes out of business.
It really makes wonder if Paul is getting a kickback for that deal...a 5th grader could have negotiated better terms..is he a one man show with executive authority..like who would vote and agree to those terms
Why StockZoom posts deleted?? Whose the moderator on this board?
that was very weird too..warning daytraders?? Ka Ching repeated that same sentiment..very odd..the narratives here very suspect
Looks like a moderator is playing Gestapo and censuring negative posts against Paul..seems one sided against misuse of power as I didn't see any violation of Ihubs terms of use....Definitely something fishy going on..could be a deliberate walk down of pps before a run..one thing true can't believe anyone here and it's a reason this is in the pinks
Thought you were an advocate of Paul and regularly communicates with him? You posted how he tells you he's not diluting.
I don't thing "debt free" is the magic pill here...cause saying we are debt free is like preaching to the choir..it's telling folks who already hold and calculate that should be soon..its over stated that companys/shell with far more debt and not nearly as much revenue is seeing higher evaluations..so will saying we are debt free now attract some new traders? Is that going to be the catalysis for this to fly? I don't necessarily believe so. The way they indiscreetly issues shares shows me their overall ratings is not a priority now and is not a confidence builder on any future decisions they could make regarding shareholder value.
I don't totally agree but you have a point..giving up 300 million in shares for $300k is either suspect or very poor negotiating..that 300 million represented over twice the value owed..that those previous note holders could now sell their shares at a discount to get their money back..this apparently is having a negative affect on the pps.
FACTS..word on street Obi has moved on but these rookie pumpers won't let go..what they don't realize is that they left bag holders and any efforts to repeat will need even more numbers to get this pps moving..then maybe some will tag on..but them characterizing this as a great company is undermining their own efforts.. they'd be better off saying this company has a low float and let's play musical trades like musical chairs..no guarantee when the music stops but if we get enough people on board maybe we can make some money.
Try calling Exel Holdings..you get an old fashion answer machine that you put a cassette tape in...this business is looking more and more like a front for CEO to rack up debts and never have any personal liability.
D3 – Note payable to our Chief Executive Officer (“CEO”), entered into in December 2014, with monthly principal and interest payable through December 2016. We also owe Hal $718,941 in accrued compensation and expenses incurred on behalf of the Company.
D4 – Notes payable to the spouse of our CEO, entered into from September 2013 to March 2017, with principal and interest payments due upon a specific event or upon demand.
D5 – Notes payable to the consulting firm that employs our Chief Financial Officer, entered into from June 2015 to December 2015. These notes aggregated the previous accounts payable and accrued interest due to the consulting firm at the time the notes were made. As of January 1, 2016, the notes are convertible into shares of our common stock at a conversion rate of 75% of the volume weighted average market price of our stock over the 20 days preceding the notification of conversion. We determined that this conversion feature does not meet the requirements to be treated as a derivative; however, we did determine it was a beneficial conversion feature. Accordingly, we recorded a debt discount of $217,725, which was amortized through interest expense over the life of the notes. We also owe NOW CFO $462,099 in accounts payable.
LOL...that's a great post.
Have Paul ever confirm with you when he actually diluted?
"Never chase a company that going downhill..you can't stop a boulder once it's starts rolling" Quote from Shark Tank..ELED is on the verge of bankruptcy, desperately looking for additional financing..They have a history of defaulting loans and have outstanding judgments. This stock pps rised cause it was pumped and then dumped..nothing positive about the company caused the previous increase..most on this board know that..however this pump group is targeting is more unsuspecting investors to buy into their hype...any morally decent individual doesnt stand silent and allow their fellow man to be taking advantage of..only motives someone should question is those who characterize this as a great company and want to silence anyone who speaks truthfully about this company financial woes..
Thanks to who provided the link for my post history....there's some great DD on the failings of this company and the history of this pump group..
But I ll limit my posts to facts about this company.
MILLIONS IN TOXIC DEBT
DEFAULTED LOANS
OUTSTANDING JUDGEMENTS
INABILITY TO REPAY DEBTS
BEARISH TREND
All speculation..unless you are the one selling or part of SEC recording then there's no way of knowing who trading what..all we can estimate at this point is about $100k in debt left
Resistance levels getting lower and lower..very BEARISH..claims of spontaneous explosion of pps still unrealized...future very amonious for ELED with their toxic debt, defaulted loans and outstanding judgements..should expect this pps continue to fall as next quarter finanicials on the horizon.
simply why you can't believe what's said here on ihub...some weeks ago I distinctly remember some posting a supposed email from Paul stating no dilution and I commented what CEO would openly acknowledge such...all along they were diluting which is not bad in itself but given up almost $700k in shares for $300k debt is suspect...but regards this email blast that was allegedly sent someone was lying.
with the stock and how this thing actually unfolds...and from a strategic standpoint which legit prediction will play out..nice to learn without having a stake
I'm not now watching on the sidelines..when I was in had to keep constant watch as this things shifts and moves quickly..still intrigued on how this drama will play out.
yes...surprised of the support holding now
The narratives don't stop..MM process actual buy and sell orders but it would be great if SEC actually investigated and colusion of ELED execs and an outside promotion group ..maybe they'll suspend all trading for the protection of public's interest. that would be great!
I'm out either way and never held this overnite knowing the precarious play of this one..just saying having no control over where the split would seems to be the concern...with someone having no control over that huge spread is what makes this an ouch..this has been interesting drama...I ll just watch observe from the sidelines now
Lets just ignore all the DD and just say this is a pump and dump..theres one element is missing here..that's a pump..no pump has taken place here...in fact pps significantly dropped since the rs possibility was previously raised with former AAEP structure..since the confirmation of no reverse split and merger there's hasn't been any pump..in fact the volume hasn't been surprisingly low in light of the news and imminent merger...So who would stand to gain anything than to perform exactly what was outlined as stated?
so basically vote yes or we file BK...rs is not really issue..problem is having no control over %..1for20-1for500.
your really showing your intelligence and character..my statements about the company are true and factual..you have not of merit to refute it so you try this about me..I'm not here for "likes" or "followers"..this is not a social media popularity contest..this will be the last time your given a direct reply as you have openly displayed your level of credibility of folks and folks of your sort don't deserve acknowledgement.
BUYER BEWARE..This pump group relies on social media and ihub so they want to silence anyone who states the facts about this company. They want to deflect and make it and us against them or label truth tellers as bashers. Fortunately there's decent people who won't remain silent and see their fellow man taking advantage of. REVIEW THE FINANCIALS..the company clearly states they will need to seek bankruptcy relief if they can't find additional financing..that seems highly unlikely since they are currently defaulting on loans and have outstanding judgements. Shouldnt newcomers be aware of the true financial situation of this company? With all the successful companies and companies with exciting news pending why invest your money in one that is failing?
These boards are here so that relevant information can be shared and traders can decide for themselves what to do with their money. Why would anyone knowing promote a company with a history of financial woes?
Here's where they warn about impending bankruptcy..so decide for yourself whether ELED is a company you want to invest in.
"
To fund our acquisition plan and fund working capital for our continuing operations we will require and are continuing to seek out and discuss financing with potential partners or lenders. These efforts have been unsuccessful thus far and there are no assurances that they will be successful in the future. Failure to obtain the financing necessary will have a significant negative impact on our Company and our ability to remain in business. We have identified multiple potential funding sources and have diligently pursued receiving financing from these sources for varying lengths of time. Management believes that these efforts will be coming to a conclusion in the near future and will either result in significant funding for us or in no funding at all. There are no assurances that these pursuits will be successful and, if none of them are successful, we will not have the financial resources to continue operations and may require relief from bankruptcy court."
This should be stickied
"Some of our debt agreements are due on demand. If demand for payment is made by one or multiple vendors, we would experience a liquidity issue as we do not currently have the funds available to pay off these debts. While we have entered into extensions with several of our lenders, there can be no assurances that any of the lenders will be cooperative or that if they are willing to provide extensions or forbearances, that the terms under which they may be willing to provide them will be favorable to us."
read the Financials..these should be stickied
"As shown in the accompanying condensed consolidated financial statements, we had an equity deficit of $14,117,844 and a working capital deficit of $13,934,294 as of March 31, 2017, and have reported net losses of $816,917 and $890,586 for the three months ended March 31, 2017 and 2016, respectively. These factors raise substantial doubt regarding our ability to continue as a going concern."
case closed..drops the mic
told you technical jargon mumble jumble
about to break 18
not bashing but facts about the company..don't you believe it's right that a trader should be aware of the true financial status? this company openly states if they don't find additional financing they will have to seek bankruptcy..
any self employed folk or business owner knows you reduction your taxable income by writing off expenses..the debt is NOT the issue here..the issue is that they DO NOT PAY their bills..they have a history of not paying loans and they have outstanding JUDGEMENTS..that's very disturbing..so they either intentionally racked up debt with no ability to repay or failed at this business venture and have the inability to repay..
So traders should ignore these facts and just follow the ELED train when there's all these red flags here.