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This is a real company not a scam but they have promised a lot and it appears they are not living up to what the shareholders have expected. Because of this it looks just like another pinkie. It will just trade here until they have solid proof of what they say. That will now take audited financials and a buyout agreement that we can see and verify.
The market is not going to believe that the Lee's and HanKool have the money until it is put up in an escrow account that the public can see. Jared and Mark now have a very difficult job to convince the shareholders and market. I wish them the best of luck and they are going to need a lot of it. Even if Jared comes back with new contracts I doubt the market place is going to believe it until they ship the product and is shown in audited financials. Sorry but that is how the game will be played now and no other way. I seriously doubt a Fortune 500 will now get involved with this company with the possible ligation liability they might encounter now. Big companies draw big lawsuits. So if the company is sold it will be the first offer from the Koreans and they are going to buy it for a song. We will not get much out of the deal. The 10 cents somehow will be less after they have taken control of the company shares. I worked in the auto industry selling for the Japanese and you should have heard what the suppliers would say about the Korean suppliers and how they conducted business. I will just leave it at that.
Look at the stk chart since April 9th that should answer your question
Its a fax line. Call it. So do they have a line that people answer saying Lees??
Not trading any where near .57 cents - trading at .04. Seems market does not believe their buyout is real too.
One question can anyone name a Fortune 500 company that has bought up a pinkie. I have seen OTBs, NASD, AMEX and NYSE but I cannot come up with a one Pinkie bought up by a Fortune 500 - they are what you call a hosehold name. It looks to me like it is the Koreans that will end up the buyers and knowing their culture they must study and study the situation so it will be a very long time to get a deal done. Unfortunately they know time is and time is on their side. I believe the contro has moved.
Once the major corp figures out the 300M shares have been dumped and the perferred and they have been bought up by an offshore broker they will become less interested. They will not get involved with this kind of business practice. This stock has been under a controlled sell and buy by the buyer. The chart shows only a couple of days of buying in the past 2+ mos. With this much selling the stk price should be in the 000s but there is a buyer and I bet it is the first buyer that has been doing it with an offshore broker they have setup. No major corporation will get involved with this due to the lawsuits. Once a big boy that has money get involved then the lawyers smell blood. The Koreans are going to wear down the shareholders and buy this for a song in 6 mos. I will bet you a steak dinner on that.
I think you are right until the buyer has bought up almost all of the shares. Once the major corp figures this out then they will become less interested in the company. Then the Lee's can offer a nice share price to the shareholders which are left which will be few so their total cost will be less than the 200m. The Asians are cheap and never pay much for anything. The Koreans are the best at buying cheap and wearing out their opponent. They know time is on their side when dealing with Americans. Your right. When it was first revealed they were dealing with the Koreans I was not happy because of their business culture.
Due the Lees have any money. Is there new project on hold?? We need to know if they can come up with the money. I believe a major corp that is a chemical company can but the Lee's I have my concerns.
No but it will take documents to get back the trust of the market for this company now. I have called on Fortune 500 companies an they almost never put anything in writing especially when it comes to their suppliers & customers. When you ask for something they never do it unless it has something in it for them. In this case it has nothing for them because it would make the price go up and cost them more to purchase the company. I realize Jared has been trying to get around this but it comes off as another pinkie so it has been a tough. Unfortunately the more PRs just gives the bashers more fuel to bash the company when they do not have the needed meat in them.
I am from the Show Me State so they need to show me and the shareholders with documents not PRs.
I have the same questions shares in what company where are they traded in Korea?? Can we as US citizen trade Korean shares that are not ADRs??? You know who is buying u shares today???
Have you ever worked for the Asians?? They have an interesting culture especially when it comes to doing business.
Z good to see your back. I say the same thing. The chart has about 3-4 days of pos buying in the last 1-2 mos. and the stk is trading in a tight range. If should have tanked. It looks like what you say is happening its we just cannot prove it. To me the buyer has been buying up shares possibly the 300M and more to get his total pric to buy the co. to be less.
AMNE looks to breakout
Dift I am not as smart as you but over the past 2 months I have only seen 4-5 days of positive buying on my chart. Seems that there has been a lot of selling but the price is not down as much as you would expect for this much selling. Is this dilution and if so where has it been coming from?
I poster earlier it is Camera time for Mark & Jared for Friday. Mark will be rolling the cameras for his new venture PINR and Jared has rehearsed for the audition. He has to hit a home run because both of their new ventures will depend on it and so will the long shareholders. This will be his day to see if he is the best of best sales guy.
Thanks for the reminder these are the hurricane stk I have in my grp please advise if you have better ones
ABIX ADDL ANVH BECH BUGS CYBL DPDW FRZ FUEL GV IPII NSMG RMX WEL
Thanks
I need extra strength Excedrin to much chattering like old wash women. God Jared get this over quickly.
Show time for Jared & Mark on Friday. The cameras will be rolling by Mark and his new company PINR and if they put on a believable show and convince the non believers to make the stock price go up then their two new companies PINR & ECCI will be winners for any investors getting involved. So this is a very big show time for Mark & Jared. I think they will be well prepared because they have their future investments on the line with the longs here. Show time starts Friday. Lets see if it gets good ratings.
The only way the non believers will believe is if the buyer releases a PR or if the LOI can be released. I hope the buyer confirms in their own PR that they did make an offer. I question why they would do that if the buyout offer is turned down. Jared has a tough sell if the buyout is turned down to the market and the buyer does not PR it. We will see how good a salesman he is.
Jared & Mark's openess and transparency has been very good for the long term loyal investor. The problem is it has not done much for the share price. The investment community is not believing in this openess. They think it is like another pinkie. Jared also is not playing by their rules. He will not pay a service to promote the stock like most pinkies do. EESO is being like Google that did a Dutch auction for their IPO they went against the Wall Street boys and they did win but they were on the NASD. Only time will tell if this will work for the share price. I just hope he gets it off the pink sheet soon. Because they way Jared has handled this so far the pinkie community does not like. When its share valuve gets up to where they can short it they will nake short the stock in offshore acccounts and it will be a blood bath and there is nothing Jared can do to stop it. When the pinkie community gets mad they play dirty. This is my next biggest concern.
Its a tough balancing act and you really have to know very well the Cast of Characters you are dealing with and want is driving them. So he needs to know very well what they buyers really want out of him & ESSO. That means not just what they say but what they are not saying. Tough
The $64,000 question did Jared push it too far we will know very soon. The big boys play hard and they walk away and steal so much from startup companies. I have seen it soo many times. I think Jared knows this so it is a fine balance between getting as much as you can and not having them walk away with so much info that can be used against you later.
I hope your wrong but you make some interesting points.
I agree that the terms and times will be dictated by a Dow or equivalent. They have to run everything thru their different deptments, legal, PR, marketing & etc. It takes time. If I was a betting guy they probably agreed to terms last week and now they are waiting from the buyer on how to release it. Also the buyer has probably requested the co. to be quiet - locked down to avoid any legal problems down the road. The quiet period is probably a good sign.
It might be done and they are toying with us???
You should do this all day
Well said it is a pinkie and the market does not believe yet. They need the proof. I sure hope they take the buyout and it is from a company like Dow or equivalent. If they are going from around 10M from last yr to over a 1B in 18 mos. they will have increased their business 100 times. That means they will have to increase their production 100X.They will have to buy a lot of capital equip. They will have to start placing orders for some of that equipment shortly because tanks & etc have long lead times 8-14 mos. They will be required to show they hve the funds to buy this equip. The best why is to have the backing of a Dow or equiv. Even with 3 shifts they will have increase their production capacity by 20-30 times not an easy thing to do in a short time. I believe Jared understands all of these issues as well as Allie. If the commerical end is sold to a Dow then they still will probably keep the production for Allie - How they handle the retail end I am not sure. But if I am a betting guy I bet the commerical end is sold first.
Your the Man MrBigz - your good.
DPHIQ stated Friday ready to go.
Money on AVRNQ followed by PEIX these existing ethanol producers will be grandfathered in to avoid new Greenie Laws
which will make them worth a lot. I see AVRNQ flying
AVRNQ & PEIX ethanol sector running due to CA rules
Your probably right. If Dow or equivalent is involved I am sure like you say they will control the PR & release.
I am guessing if it is Dow they just want the commerical side.
So I figure it is valued at about 1/3 of this yrs business.
35-50M for commerical end for yr end sales - the 100M is for retail business.
So 5 times the 35-50M for commerical is around 200M.
So if it is a 1/3 of the business then 1/3 of the shares could represent the business. 1/3 of 1.7B shares is little over 600M shares. This is probably the float left after Allie & company has been buying up the shares. (who knows about the 300 M in escrow)
So 200M offer from Dow divided by 600M shares equals .33 cents.
So Dow would around 12M shares of Dow @ 17 to buy this portion.
So 12M shares of Dow divided by 600M EESO float is 50 shares of EESO for 1 share of Dow.
The question if we will get anything for the retail end when Allie and company do their thing. This is the question I cannot figure out. We might get a few shares for every 50 we have for the retail side. This is the only way I see we get close to .50 a share in the buyout. If we get anything for the retail side it might be a while - they might let EESO trade with reduced shares. We might just hold 10% of the float. This might then be converted into a new company that Allie runs. This might be a NASD shell they roll the rest of the EESO shares into. This is just how I see it playing out.
Look at AXL major consolidation going on in parts suppliers
VSTN DPHIQ LEA HAYZ should do well
You mean on the East Side!!!
How much more than your Harleys?
I agree. Also they do not want a run up because it would look like insider trading. So any day now for the release. I have to say again this will have to be a Harvard Business Case Study after all of the details come out. Very well planned and the use of keeping the shareholders informed usually the BD. This will probably be a trend setter for future companies on how to hand shareholders.
Just technicals because the chart looks good - Looks like the 5 EMA is crossing the 20 EMA and the RSI & SST 75 and the volume is positive. I am no good on bio & pharma - good no other techs. Chart looks like something is up. Seems that the sector is hot but just jumping around from one stk to other and you need to get in right before the pop. Otherwise you are chasing after the first day and it is a crap shoot.
SOMX what do you think?