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While we've clearly explained why El was DENIED the loan, I'll go ahead and re-post one of the answers that pretty much summed it up.
The only thing I seemed to have miscalculated was that it closed at .0015, instead of .0010, nobody's perfect.
Bottom line is they never had any chance of getting the loan, you know it, I know it, El knows it.
While I don't believe they actually even applied for one, not realistically, I'd be willing to take a look at the paperwork if they'd like share with investors.
But in reality, this was just their failed attempt to try and put a positive spin on the LOC's DENIAL, which we knew was never likely in the first place.
Any legitimate loan officer would have laughed them out of the office, after looking over their so-called financials and seeing that sales are dismal at best.
Again though, this is giving them more credit than they likely deserve, as it's more likely they never even applied for the Loan in the first place. Then again, they could have actually submitted a comical application, blank except for a maybe a name and address, just so they'd not be liable of outright lying if anyone bothered to call them on it.
No, I think we all know the LOC was just cannon fodder used to assist some in the sale of stock, during one of the numerous orchestrated Pump & Dumps.
What really should upset investors is that El seems to have worked quite hard to assist in these Third Party Pump & Dumps, by releasing all those fluff PR's that were coincidentally followed by massive dumping.
IMO El is very similar to an onion, it has many layers of duplicity and malfeasance, and the deeper you go the more it stinks.
Yes, that comment really didn't make to much sense.
I mean the 750 whack at .0015 may have been an attempt to paint it red, but the bulk of the shares getting dumped/sold are at .0017.
So there's clearly nobody attempting to keep this down, it's just a seller at .0017 and the next question would be who would have many shares at .0017 anyways? Hmmmm
As for the ridiculous message board threats, they mean absolutely nothing and are exactly like the Hot Air in El's PR's or Twoots.
What I'd bet would be even funnier is if El actually ended up landing it's butt in a court of law, I'll bet they'd not be to keen about having to actually open up their books.
Let's face it, the only thing wrong with this stock is El and it's so-called management team.
While their representatives have worked very hard to try and keep a positive light spun on El, it simply doesn't have the same effect anymore. And the reason is likely that tooooooooooo many have been shafted by El's concern for shareholder value.
They've strung investors on for years now, with NEXT YEAR always being to GAME CHANGER or whatever ridiculous spin slogan being used, and there just not that many lemmings left willing to throw money away at the stock it would appear.
Next 3 weeks should get bloodier, then we'll hear about how great its gonna be for shareholders when they Reverse Split again.
Orrrrrrrrr I guarantee they Spin Masters will tell everyone that jacking up the AS to 1.5 or 2 BILLION, yes I said BILLION, shares will be fantastic for shareholders, cuz it will undoubtedly be used to close some high finance deals, which will clearly be the GAME CHANGERS for 2011.
Either way, it's a broken record, one that really needs to get thrown in the trash.
Yea and if you visit the EIGH board you can really get a good laugh...lol
Those poor saps still believe the nonsense that Monk's telling them.
The latest takes me back to FHAL (I think it was), with Rufus and Tut.
CDIV .0185
Wasn't there some idiot that kept telling everyone they should buy CDIV cuz it was The Real Deal???
Roflmao
And you'll notice they didn't even bother to update investors in a Press Release, that would at least hold them accountable to some extent...lol
No, they either couldn't afford a PR, or they didn't want to publicly mislead investors and be held accountable if anyone started looking a bit closer.
But you watch, these markets are cracking down on this type of con job and WHEN they announce another Reverse Split you may see a flotilla of complaints being filed. And I doubt very seriously that this so-called company wants the SEC looking closer at their so-called filings and PR's.
LoL...yea, lot's of opportunity to flip here
BINGO!!!
And this is why we're not seeing any sort of sustained climb, there simply isn't ANY bid support because nobody wants to run the risk of becoming another ETNL Bag Holder...lol
Clearly you're not reading all the post's, so I'll throw this up again just for you.
I think you may be right...lol
As I stated the LOC was complete and utter nonsense.
I'd even be willing to bet that El didn't want to release the information in a Press Release because it may have held them liable for further fraud, that or they simply couldn't afford one, either way both funny.
And as expected you're stating how wonderful it is that they weren't approved for a loan they never even applied for, amazing.
This is truly fantastic, a few more glorious events like this and the PPS will surely be at .0005...lol
You really should stop this nonsense, it serves no purpose and nobody believes it anyways.
Well clearly some here know what's actually going on with El, but they've been paid/compensated to promote the company regardless of what it may do to anyone else.
So I wouldn't expect anything but praise from these types of individuals, complete lack of objectivity, or willingness to accept reality.
Just like El's so called management, they don't really care about investors/shareholders, they are paid to do a job and that's what they do, just like El's purpose is to use/dupe investors out of their money, they'll say and do whatever is necessary to either keep them holding on, or worse buying more.
I mean doesn't it seem a bit coincidental that we've been truthing about the LOC and the likelihood of it coming to fruition was slim to none for over a month now and then all of a sudden the company releases a ridiculous update, in hopes of getting off the hook?
Trust me, it's no coincidence and there never was any chance of getting this loan. I just think El and their representatives were hoping that providing this update would give their representatives some sort of ammunition to "Keep Hope Alive."
Unfortunately this is exactly what we expected them to do, I'm just surprised it took this long to do it. I guess they've realized, through feedback from their reps, that simply not talking about the LOC again and hoping it would disappear, like all their previous empty promises, just wasn't going to work anymore.
I thing by Friday this will be knocking on .0010 and if they decide the jig is up all together, they'll pull the plug on the remaining 35M shares and start preparing for the next approach.
I'm talking about your hero and mentor and hopefully he'll look great in orange overalls soon.
How much ya wanna bet some people coincidentally go on vacation again soon.
When we see that, you can bet your bottom dollar that another deification of ETNL stock will be flooding the market, sending this pig into it's most recent death spiral.
Gonna be interesting to see what new business model they come up with for the next go round.
While I think the whole thing was simply as stock selling ploy during an orchestrated Pump & Dump dilution period, can you imagine if it was true just how outrageous the terms must have been, considering the stupid terms they accepted for all the other loans they took in exchange for huge piles of stock...lol
I mean for them to consider the terms to high, the only thing more ridiculous than the cash for stock exchange rates they worked out before is by giving them the key's to the shop.
But if you think about it, the lender probably wouldn't consider that a very worthwhile option either, cuz either way your stuck with worthless crap.
Really????
Wow, I guess I should have know that if they didn't get it, it would still somehow be great for investors...lol
And to further indicate how broke they are, they can't even afford a Press Release and simply revert back to the highly professional Tweet.
Yup this is fantastic news, the sudden surge in buying pressure indicates investors believe every word of it....NOT
Maybe you can get some more cheapies soon, congratulations.
Hopefully CDIV, GRNO and PNTV will be next to be shut down...lol
Speaking of the Monkites...lol
EIGH suspended
How many new bagholders did this one create?
http://www.sec.gov/litigation/suspensions/2010/34-63242.pdf
Let me expand a bit...lol
Oh is that another glorious Monk scam play? Gotta say I was surprised to see you posting here after that whole hilarious Float Lock Down scam broke.
Flippers are the ones that screw a stock up, period.
WRONG WRONG WRONG... dilution and broken promises are what screw up a stock, PERIOD. Oh and I guess we should include orchestrated Pump & Dumps, which the El assisted with numerous fluffy PR's that announced things which never happened.
While you can blame it on flippers all you'd like, it doesn't hold water and doesn't even come close to making sense.
A dishonest/disingenuous management team is what's responsible for El's PPS being right back at its Pre Reverse Split levels and the so called flippers have NOTHING to do with it.
As for
Especially if you consider they have some large debt coming due in December. Of course they may simply default on it, or more likely work out another fantastic deal for another large amount of stock, that would require the AS be increased drastically.
Either way BOHICA!!!
You simply have to consider who's advising anyone to Nibble, it's likely the company or someone who's been gifted vast amounts of stock.
As you can tell, those same individuals have NEVER EVER said anything realistic about ETNL, it's only been how wonderful things are and how great things will be in the future. Unfortunately the future never get's there and it's always just one more hurdle, just one more event, just one more blah blah blah.
Of course they'll tell you they aren't playing this for the Short Term, it's an Investment.
Well I say Horse Pucky, they do not tell the truth and simply lie to try and keep people either hanging on, or even worse buying more. Neither of which would have done ANYONE a bit of good and cost them heavily and will cost them even more in the near future.
Yup it's getting ooogly and gonna get even ooglier, hopefully the SEC can get their act together and help clean up these markets some, as well as these promotional tout experts.
All El is giving people is the "Business" and I don't mean that in a funerary sense either. As for investors they are getting something else, they're lucky enough to get the shaft.
Thanks Larry, it's always good to step away and take a break, rather than letting the promoters rattle you.
You have to understand they have a single purpose/agenda, which is to sell the so-called company and nothing else matters. They don't care about anyone else' well being, their financial hardships, or anything that doesn't shed a positive light on ETNL and it's Key Stone Cops management team.
I'm sure I and several others appreciate the honesty you've brought to this board, it is serving as a Public Service in these unsavory markets where some will say anything and just keep throwing BS against the wall, hoping something will stick and mud-suck another sheeple into buying the stock without understanding the reality of where El is headed.
In fact, I bet ANYONE who made the mistake of listening to the "believers" over the past several months/years are kicking themselves for joining in their attacks on you and others who've posted the truth regardless of the grief they get in return.
I mean really, the whole ridiculous Nibble Nibble Nibble nonsense has been puked out since the stock was above .01 and even before the last Reverse Split. And just where do you think those poor souls are now, exactly what do they have to show for their Nibbling? Not a darn thing, bumpkiss, notta, zippo, zilch...well you get the idea.
And considering what's coming next, if anyone thought it was bad now, man just hold on to your socks cuz it's gonna get a whole lot more painful soon.
Another BOHIC is just around the corner!!!
Looks like SMVI and SPPH are both under Pump & Dump campaigns, use extreme caution!
Yes, that would go a long ways in adding at least a shred of credibility.
However, given El's propensity to simply go quiet on an announced event, especially one that would bode well for shareholders, it's likely they'll do what they've done repeatedly in the past and that's just hope that investors will forget and move on to the next ploy.
They may provide an update, to help cover their dumping of the remaining OS shares, but it certainly won't have much effect.
They could always hire another Promotional crew to come Pump the stock like before, trying to create a false interest. But this too is unlikely because they only have around $1K in the bank and few shares left for compensation.
Either way this is coming to a head, they'll have to try another angle to keep the charade going, if they plan to keep using shareholders to fund their lifestyles.
Well at least it mean's they aren't dumping the rest, today anyways. Sorry, just trying to find a silver lining here, unfortunately all I can see is lead.
so to continue to preach call Tony the IR dude is an absolute farce, unless you want the caller to be lied to.. note the date on these two posts below.. here you have an email from Tony to XXXXXX that stated the O/S was 476m on 4/21/09, BUT.. the 10K showed as of one month earlier 3/29/09 the O/S was REALLY 610m, so how can anyone seriously continue to want posters/shareholders to call Tony? seriously HOW?
Posted by: itrader Wednesday, June 10, 2009 9:52:00 PM
Re: XXXXXX from XXXX post# 168354 Post # of 191530
some one got some splainin to do.. now we have an IR dude either lying, or LIED to by EI Corporate..
From todays 10K (June 10,2009)
As of March 28, 2009, we had 610,049,475 (post Reverse Split) shares of our common stock issued and outstanding. As of that date, our shares of common stock were held by approximately 118 shareholders of record..
Posted by: XXXXXX from XXXX Date: Tuesday, April 21, 2009 8:06:44 PM
Hi: (from Tony)
Current numbers:
Total Authorized - 800,000,000
Preferred - 50,000,000 (10:1 VOTING only, owned by Clint, CEO)
Common Available (Total Authorized MINUS Preferred) - 750,000,000
Common Outstanding - 476,114,477
Best Regards,
--Tony
investorshub.advfn.com/boards/read_msg.aspx?message_id=38598488&txt2find=TONY
And there you have the actual facts of what calling IR will do for anyone. No wonder some would advise you to call them in nearly every post, they either believe the nonsense IR say's, or they are somehow tied to IR....Hmmmmm