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Looks like 50/50 sentiment about whether the pps will have a spike after the next PR.
Remember the run when the 504 financing was completed?
I will be looking very carefully at EIs cash flow. Any rise in PPS due to the financials actually being filed on time (wow! not really) will be muted if the numbers are dismal since it means dilution is coming. The upside (barely) is that the dilution won't be from nasty CDs this time around.
Worse, end of the year, the company finally begins to turn things around....but most of us have to wait years to recuperate our initial investment due to substantial dilution over and above the dilution that's already occurred. Good for the company and investors in general, but not for those that have held shares the longest.
EI needs to change its ways, imo. The sooner the better. The last PR tells me they aren't there yet.
My interpretation of the volume yesterday and now today is that people on the sidelines are betting that .02 is the floor. Those that have been wanting out due to fears of the PPS going lower are finally able to get out. I hope that the news that is being anticipated is good...or at least not bad. I have a feeling the recent buys are mostly flippers and bad news would have them all trampling toward the exits and could drop the PPS to a new low...ughh!
That's great! I am just super suspicious about EI management atm. I don't think its unwarranted either!
One other thing I expect to see in the future is the return of the preferred shares to EI and retirement of shares equal in number to the preferreds. This is important because these shares were gifted to Clint on the premise of being used to prevent a hostile takeover. The only excuse I will accept for this not happening is if Clint pays for these shares at PAR (1.9B x $0.001 or $1.9M)!
I think you misunderstood or I am misreading your post. I broke the sales numbers month by month. Based on my assumptions, sales of 1Q will be just a little over $300k.
Ok, if its just due to accounting, then why not explain it that way. Why present it with the headline "Eternal Image Sets Record for Sales Orders"? They've spun it to mean much more than it is. Because really, if this is the case, they're on track to book $300k in the 1Q based on sales increasing steadily by 20% Q over Q.
$250K (projected for 4q)/3 = 83K
$203K - 100K (spillover from 4Q) = 103K.
(103-83)/83 = 20%
Which leads to full year sales projections of $1.6M. Note that this figure doesn't include sales of other products that are supposed to hit the market this year.
The company needs to learn to be honest with its investors. Otherwise, they keep setting us up for disappointment AND with each disappointment, make us (me at least) wonder what their motivations are -- for example, shore up the PPS to dump into!
I was contemplating the following regarding the latest PR: What is the possible incentive for EI to push almost half of 4Q sales numbers to 1Q? As I stated previously, one reason could be that they want to highlight the contrast between the 2 quarters to create more emphasis that the company is growing fast. But what is the point of this unless sales are truly accelerating? And if it is truly accelerating, then why try to force the point on us instead of waiting till the actual 1Q results? So then, that lends credence to the fact that 4Q was truly as dismal as the $150K reported. Or worse, the company is shoring the PPS for the dilutive selling that must occur (imo) in order for the company to raise funds to cover operating expenses (since I don't believe the company will be profitable this year). Perhaps this $0.02 is where they draw the line until the uplist PR into which they will sell shares (or it could be due to shorting). By they, I don't necessarily mean the company. It could be the insiders -- sell their shares, loan the money back to EI.
The trend I see for the PPS is downward with a few planned spikes along the way. I hope I am lucky enough to make money on those spikes. I wish I could shine a more positive light on the company, but EI's actions over the past year don't warrant it. Two that I am most upset about are: 1) being led to believe that EI financed $1.2M through a share offering when in fact, the share offering was used to pay down incurred debt of $465k and the balance (1.2M-465K) was raised via a convertible debenture!!! 2) being hoodwinked by the RS.
As I stated before, EI has turned me into a skeptic.
I found this article about estimated costs to meet sarbox requirements for small public companies.
http://www.reuters.com/article/pressRelease/idUS166700+09-Jan-2008+BW20080109
The numbers that I've heard are closer to $100k.
While I agree that uplisting is good in general, there is a very big problem if EI does not have the cash flow to maintain the requirements for being on the BB. I would be disgusted to find out that the company made dilutive decisions simply to get/remain uplisted.
So far, there have been no benefits realized with the uplisting. In fact, I daresay we would be better off right now had we not even pursued this uplisting until we achieved the necessary cashflow. Hindsight agrees with that last statement.
And given the poor sales performance thus far, I am skeptical that we will break even this year.
I hate to say it, but I think we're dead in the water (upward momentum) until 1Q financials come out. (Hopefully, there isn't anything bad in the 4Q that sinks us lower). I haven't forgotten about the uplisting PR, but its anybody's guess when that will come out.
The volume today is interesting. Maybe .02 is the first price support target set by EI? I wonder where the next one is if that should fail. Does anyone have a good resource for keeping track of timely short interest? I would hate to see that the support is due to being shorted instead.
I'm glad we cleared up the cloud over those issued shares. If it turned out that Clint sold all those shares and made that much money, I would be PIZZED that he would seek financing through NAR with such horrible financing terms. That alone would be enough for me to steer everyone I know clear of EI.
EXACTLY! I'm glad someone else noticed.
How long are you going to play a simpleton? (I know you're not). Put the numbers in context. Those are the preferreds that were sold to Clint by the company.
Selling to who? That transaction is the company selling the preferreds to Clint. Clint did not sell these shares. You are making a very big mistake and are not owning up to it!
Are you sure these are insider sales??
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26750650
Looks to me these transactions are sales of company stock to investors.
Who says the caskets are being made in China? I know the urns are. I haven't heard definitively that the caskets will be. I also don't know how long it takes to make an urn from scratch. Also, I don't think purchasing mlb caskets are a spur of the moment thing. Sure it might come up once in a while, but I think most would be planned ahead of time.
I would hope that they employ JIT manufacturing processes.
Assuming that ETNL is juggling their numbers to heighten the contrast between 4Q 07 and 1Q 08:
As some have stated, ETNL probably booked some of the $200k+ in open sales orders in the 4Q. How much? I'd guess around the difference between projected and actual. So, projected was $250k-ish, and actual was $150k --> About $100k in booked sales orders as of Jan. 31, 2008 were from 4Q 07. That means that $100k of open sales orders were booked in Jan 07. Conservatively speaking, ETNL is slightly ahead of sales over 4Q 07. Hopefully, the volume continues to grow.
When are the MLB caskets supposed to go into production? And does anyone know whether we will be seeing revs from Remiere this Q? If not, when?
Why are you posting something so blatantly erroneous?
They already reduced the AS after the SB-2 was filed. Unless there is a restriction on doing this multiple times during the uplisting period....
EI should sit up and take note of the investor reaction to the PR today. My interpretation of the reaction would be that EI investors expect a lot more from the company. Trust has been winnowed and everything EI says now is examined with skepticism.
One way to quickly mend (but not completely heal) the wound is to reduce the AS. The number is too high and implies EI is not confident in hitting their sales target(s). EI is leading the investors. If they don't show confidence, why should we be expected to.
It'd be nice if EI were to hit spot on every now and then.
Damnit, I am trying so hard not to cry over spilled milk, but why does EI have to lie right through its teeth about sales!! I am specifically talking about 4th Q revs. $150k! WTH!!
Now, January 2008! Yay! Unfortunately, I don't see this PR brining the share price back up to pre-rs levels. I hope it will, but I am doubtful.
Yes, the utter silence is not appreciated. If its the SEC's mandate, then I don't see why EI can't tell us so.
I don't know what game EI is playing, but I can't say that I have a good feeling about it. Just barely keeping my feelings about it all at neutral.
I am a realist too and am quite upset about the share price performance. I'm not advocating buying or selling either. Just waiting and hoping for the best. I'm 50-50 on whether the numbers will be good or not.
I take it you aren't a cubs fan. I'm not into baseball at all, but world series cubs is the first link that popped up when I googled mlb urns.
I emailed world series cubs and inquired about the demand for the cubs mlb urns. The response: "You would be surprised!"
I hope I will be surprised by EI's numbers....
Why do some posters feel that they need to constantly remind all of us that they expect the PPS to tank to sub penny levels where they plan on buying shares? Once or twice...ok. Daily....kinda pathetic.
I agree. While my comment regarding seeing value in a AKC certified product may represent the majority opinion of pet owners, I'm sure there is a slice of the market that does find value in a product being AKC certified. If EI can tap that market, then revs from that product should be significant. It would be nice if AKC were to market these urns at their shows.
The bad part is that there are a lot of pet funerary products already out there. I don't know how much ETIM gains by having AKC's stamp of approval. I have a dog and when I think about it, I see no additional value in getting an AKC product versus any of the other pet urns I googled. So it will come down to quality and price. It would be nice to know what kind of volume you are having with the pet urns. My guess is that its not an impressive number, but I hope that it is at least growing every month.
Googled mlb urns. Got good result.
Googled pet urns. Got bad results.
Googled vatican urns. At least the Catholic Church is letting their members know that its available. A dated article:
http://www.aodonline.org/NR/exeres/129DB7A2-72DC-456B-87B4-F16D20FEC8E3.htm?NRMODE=Unpublished
Complete silence from the company. Guess we'll find out soon enough what's up.
The volume is insignificant, imo. The only reason why I see NAR trying to sell into this "no interest" period is if they know that news will take the PPS lower. Otherwise, why not wait till good news to get a better price for their shares? Also, because the volume is so insignificant, I doubt its anyone trying to take the PPS down purposefully. If someone with a big stick wanted to, they could easily take the PPS down with this lack of interest. No, its just the small fry flipping at every opportunity.
Anyone corresponding with the company? I've asked about the price support strategy, but got no reply...not even one of those "I can't say anything" type either. Quiet on all fronts...even here.
Excellent point.
The company is silent too. Has anyone corresponded lately with IR? Wonder if they've been advised to keep quiet during the SEC review.
Strike another 2mil of possible NARs shares that may have been absorbed by the market.