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I do not know enough in this area to say for sure. I still believe they are in escrow because they buyer did not what them dumped by the co. but I am not sure how they handle this.
Somethings here might be pushing the legal limits but if people make money no one is going to complain.
I agree with you the buyer that made the offer is buying shares. I am not sure that he is buying the 300m. I think those are restricted in Escrow and I am not sure they could do that legally. Jared stated 900m are in tight hands almost off the market. I believe at least 400m or more are owned by Jared and Allie. Then their is around 400-500M that probably close friends that loaned money, helped get Jared started and etc. That left about 800M shares in the true float. I believe around 300M were probably given to suppliers and service providers to pay for services last yr when they had no money and could not raise any. This is very common for pinkies. These were restricted for 6 mos. So the buyer started to buy them up when they sold in the market to get their payment. I think the first was the 40m market sell back when the stk ran. After that Jared made arrangements with the buyer to absorb these shares the suppliers were selling. No pinkie holds up that well without buyers lined up. So they have taken 300M off the market plus at least another 100-200m of the weak hands. Now this is how I think it will play out. The buyer has a shell on NASD and will give shares to all of the holders of 5% or more of EESO to this new co. They might get a little cash too. We will get mostly cash and probably one share of the new co. for every 1000 or so shares of EESO we hold. It will give the management more control of the co. and it will be on an exchange that can truly represent the growth of the co. to raise capital. If it goes this why it is brillant. Avoid all the whores on Wall Street to pay inflated fees for services that provide no value. This is how I see it playing out. It is not going to cost as much and Jared will take care of the shareholders.
Thanks for correcting me - it might be a DOW or Allie board
good pt.
And you will be really surprised who is in it. It will be with someone we all know if I my sources are right. It will go more than a hit out of the ball park it will go a lot higher.
I agree with you. The market does not believe the offer is legit.
I think the suppliers might have been dumping shares to get paid. I think Jared had to issue more shares last yr to survive when he could not get any financing. No bank was giving out loans. Most pinkies do pay in shares. This what I think and they might have been restricted. I believe the new rules only allow six months restriction vs the old one yr. This is my guess they dumped the shares to pay themselves. That 40m dump back when the stk was running my guess was a supplier. Then I bet Jared told the suppliers and the people he issued stk too that better things were coming and convinced them not t sell. Now some have questions about better things coming and have been selling. I do believe he had arranged for the sellers to find buyers because the way the stk has reacted up till now when selling happened. Prblem seems to be that they do not have the buyers when the selling occurs. I think the supplier base has a better idea of what is really going on.
While if that is so then Jared stated in cc they were not. I don't think he is that stupid to do it and say no on a cc.
I hope they have not set themselves up for a huge shareholders lawsuit if it tanks.
Very possible - like the financing is still being worked out if they can get it.
Thats true because most cannot get insurance if they recommend pinkies. Being on the pink sheet is a killer if you are a legit game it kills off more good companies.
Mark should not be emailing these people because if the co. does not come through they will be used against the co. if shareholders lose their shirts. I hope they have the goods for everyone here but the stk price is telling something different at this time.
Time will tell. Pink sheet stk take professional people to handle the PRs and stk price and know how the game is played. The stk charts are telling that the market does not believe the co. and the buy out at this time. Charts do not lie they tell the story ahead of time and will change if conditions change. This is a perfect pinkie with the stk price falling and the longs here believe in what the co. says. This is an excellent stk to short if if was the right price. I hope I am wrong but ever pinkie I have been in and the chart goes down and the loyal longs keep saying and believing everything the co says usuaally the charts wins. I just hope I am wrong
because I
We don't know if they are false and misleading PRs yet but the market is not believing them at this time. It could change. I hope Jared has not gotten ahead of himself with these statments and cannot deliver. I hope he has not put himself in a box because I think they are all good guys. Problem is they need a good investment banker that knows how to handle the PRs and the stock price. I recommend a few to Mark and had one call him. He never returned his call. He is a friend of mine and is a good guy. He would not touch the stk because he did not know the structure of the co.
I think you are right and the co. thought by releasing these PRs with no numbers in them would help. But instead they have hurt the co. I think the cat got out of the bag too soon and the market is pricing the stk as if it will not happen.
You nailed with this post. Even if you believe these are honest guys and are looking out for the shareholders they are appearing just like all the other pinkies - just PRs without any numbers so the market is not believing them. They need to stop any PR that does not have numbers in it. Just hurting the stk. It appears the stk price does not believe there is a real counter offer or that they cannot comeup with the financing. Jared might have blown it by not taking the .10 and now the offer has been withdrawn or they cannot get the financing. This is becoming a poker game and my experience is the stk charts do not lie they tell you want is very likely to happen no matter what the longs on these message boards say. Seen it too many times. I hope I am wrong because I need .02 or better to break even but experince tells me something is not right and the charts tell all.
Question what does a -.456 CMF mean on the chart???
My understanding it means money is flowing out. Please comment.
It is the lowest I have seen since last fall. Does it mean the flippers are out or does it mean the big investors are getting out for us longs to hold the bag???
So far the stk price is leaning that why. A PR with the price and written by the acquirer will change that. I believe the stk price is saying that Jared cannot get more than .10 for the co. He might surprise everyone. I think Craig is in Asia to try and wrap up more business to have leaverage to get the price higher. Only time will tell if he is successful. I am not sure the China area they have the contacts.
Your right but it also has to be given out by the acquirer in a PR from them.
What is the latest on WowGreen - # dist. & sales???
Isn't fast eddie the carpet cleaning guy out in Jersey yrs ago? It takes an East Coaster to know how to move these pinkies - I believe fast eddie had numbers with his PRs which later were proven to be lies. No numbers and this stk will not move.
You nailed with you post. This stk will do nothing as long as it is on the pinks. Will all this great news the stk does nothing. Market does not believe anything Jared puts out. All of the loyal longs believe it will change and they expect at least 1B for the co. They want Jared to turn down anything less. They do not realize that your stk price is your currency and you always need it to raise cash to expand even if you are making money. You never know when things will go bad or you have a huge opportunity but you new a new factory. If on pink sheets you will probably lose out because at .02 you will never raise any cheap money. I would take .10 if it was for DOW stk. I believe Jared is going to turn down the counter offer and this stk will either go down and will not do anything for a couple of yrs. I hope he takes the offer especially in this environment if it is a DOW or equivalent. The shareholders need to wake up you are only worth what someone will pay you with the cash on the barrell head.
The next question is if he calls the timing whats the price
You will be the man if you call this one right
So you think we will hear something tomorrow??
I agree - Jared has to come through with what he stated or this stk is done.
Ya I got in in the .02 range. I waited to pull the trigger a day late. It is the most controlled pinkie I have ever seen. Nothing will move it until we have a good buyout from a named company and they have to release a PR stating they are buying this co. out. The maket does not believe in anything Jared has to say.
Because the market is peicing the stock on give ins - last years earnings. They are not pricing any forward earnings until they see signed contrcts and numbers that are verified.
Also the market has priced in the 300M dilution if it happens
on last yrs earning. If you noticed it traded more around .02 before the offer & 300M shares put in escrow. Now it trades more around .018. Almost a 10% dilution factored in. Jared has not convinced the markets he has the goods. Just how markets work. He needs to show us contracts and the offer from the a known co. and it will change quickly if he has the goods.
So your saying either .50 or .58 depending on if you use 1.7B or 2B shares. I hope your right.
So what do you think the counter offer will be??
KEME chart looks good
The MACD 2,4 quick one has turned positive and the CM F is turning positive. The 12, 26 MACD needs to turn more positive and I think it will turn.
I agree I think if a DOW or someone like that is going to buy them out they would do it this week for the biggest impact and the contracts with dollars would be released if EESO really has them. I think this week would be key if something is going to happen. Probably be from Wednesday on.
not many 6 or so.
Ever since the buyout offer the board is a bunch of bashers and no more intelligent talk about the co. I no longer read the postings. I just read the ones from the old timers that where here before the buyout offer.
KEME pt out chart looked yesterday is gapping up
ABAT another Chinese Stk breaking out - in auto area
CNOA - China stk looks good
China Auto Parts Suppliers look good sales great in China
CYD WATG CAAS
KEME looks good today. Any comments
Money moving into Chinese Stks - CPSL CIWT GRO SDTH JADE
CAGC CNOA look good - look to breakout with Chinese stimulus