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Vortx: You think what I posted about the A/S is BS?
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Vortx: You have enough time to edit the name on the fake post, I would appreciate it if you kindly do so.
Tia
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Vortx: Do not use my name in another fake email like that, I don't care if it's Riverboat2. If you are going to do anythiing like that again it would be wise to use John Doe. I am going to ask Matt or the Moderator to delete that post.
Tia
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han: The preffered are seperate as far as I know, the last time I checked prior to this, the A/S was 1,740,000,000 plus 10,000,000 preffered. Now it's 1,990,000,000 with 10,000,000 preffered. JMHO
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To all: The A/S has been increased again by 250,000,000. I called the state of Delaware this AM, the new A/S is 2,000,000,000, that's 1,990,000,000 common and 10,000,000 preferred. If you want to check for yourselves, the number is 1-302-739-3073 the company number is 2236242. That's the reason the T/A is still gagged.
Signed one of the guys that talks out of his other orifice
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burn: If I made $5 a post, it would be a very Merry Christmas. LOL JMHO
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Starnes: Watch out, they'll start calling you a paid basher. LOL
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qas: LOL there is no such thing as a paid basher. Give me one court case in which a paid basher was brought up on charges. JMHO
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For everyone's sake, I hope this stock goes to $10.00 a share, I will be watching it closely and will reassess the situation as is necessary. JMHO
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Bri: The best you can do is watch the trading closely and do as much of your own DD as possible. You should never let information on a message board take the place of DD. You should always have a plan in place before getting into a stock and stick with that plan, if you don't you're guaranteed to lose more money than you should. JMHO I hope this helped.
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To all on this board that think I'm short or just a basher. You have my word that if the T/A is ungagged, I will never bring up the subject again.
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hard: The new pink sheet criteria will save alot of leg work. IMHO
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legal: I think the pink sheets is trying to help out investors with the new listing format they are proposing. We will see if it has an affect on the trading of the companies that are not forthcoming with financial data. If ETIM goes to the OTCBB, they won't have to worry about the listing criteria. JMHO
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hardasset: How do you know ETIM has revenue?
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Stocky: Prove it. Now I'm short? I would have shorted this at the top (if I could) not at the bottom). JMHO
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qas: Answer me this, why do the MM's ever have to cover there positions? If and only if the company has revenue, other than that they have no reason to cover. JMHO
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stocky: Hostile takeover of what? Seems to me you're one of the people that learns the hard way. LOL JMHO
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legal: Great post, if this company wants to get off the pinks and has aspirations of going to a legitimate board, they should stop acting like a pink sheet company. Is a little professionalism a bad thing to ask for? JMHO
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derekwhiston: You and most others on this board that continue to have the shoot the messenger mentality, should really direct this energy toward the person/people that have caused this to be an issue. Clint is the one that is squarely in control of this, it would take him literally 10 minutes to rectify this situation. The first excuse was it's the T/A's policy, then it was, I'm going to take the gag off and it never happened, then it was I don't want people bombarding the T/A with calls. If the gag order had been lifted, there would have been alot more long term holders and the price would not be where it is right now. I suggest you email or call clint about this and ask him why the T/A is gagged at all? Then report back to the board, I'm sure everyone would love to hear what he has to say.
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stocky: You better stop drinking the ETIM Kool-Aid, now clint is protecting us with a gagged T/A? I wish they had an IHUB posting hall of fame, that one is a real doozie. JMHO
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LOL, sorry I couldn't resist. eom
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Here are some positives about ETIM that should be weighed along with everything else.
1) The company is incorporated in the state of Delaware which has some of the toughest rules regarding public companies. Florida, Nevada and Canada are major red flags as far as places of incorporation go, along with anything overseas.
2)I have not found any evidence that any officer or employee of ETIM has been affiliated with other pink sheet or OTCBB companies, this is a major plus.
3)The media coverage this company received was worth millions of dollars, they could never have paid for this type of advertising.
4)I have no evidence that the company paid any of your typical penny stock promoters to pump this stock. This could be a double edged sword, if they would have, the PPS may have been double, triple or more from the highs that we have seen. Hiring such a company, IMO would have just been another red flag, thus the double edged sword comment.
5)The company doesn't need very much capital to survive, a showroom and a warehouse is about all they need in the way of a place to call home. No manufacturing plant and very little in the way of salaries (employees and sales). The warehouse space may not need to be extravagant, the distributors may share the bulk of that. I don't know about license fees for MLB, but I have someone I can ask.
6)The industry they are in is not seasonal and is not affected by the economy as are other consumer goods based companies.
If anyone has anything else to add by all means be my guest, I posted this to show people I am an objective investor and do look at both the good and the bad. JMHO
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Han: The only reason companies pick T/A's with a built in gag policy is so that the company has an excuse and can blame it on the T/A. I have a problem with the preferred shares because they were just kinda snuck in there, if you know what I mean. A Pr talking about the preferred shares would have been the way to go. Addressing the statement about companies wasting to much time with share holders I can relate to, that's what IR firms are for. When you find out more by digging yourself because IR is as much in the dark as fellow shareholders that too is a red flag. JMHO
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USF: It's a total shame that we have to guess what these shares are for. If they are going to the OTCBB, we will find out what they are for anyway. Just makes you wonder why the company would not want to be forthcoming with this info, it would only help the share price. JMHO
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Han: It's only a big deal because the T/A is gagged Tell the company to remove the gag and it will no longer be a big deal, plain and simple. What about the 10,000,000 preferred, what is the ratio of the preferred shares and what are they for? If there is going to be no further dilution, then why is the T/A gagged? Until these questions are answered I will post the good with the bad. If the preferred are at a 50:1 ratio that's another 500,000,000 common, I call that dilution.
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Han: I was here when the board moderator who owned millions of shares was promised the gag would be lifted and it wasn't. I was here before the increase in A/S, I was here when the 10,000,000 preferred showed up without a word from the company. If you want to post all positives that's your right. I will post both negative and positive, if you don't like it put me on ignore. When all my questions and concerns are answered I will paint a rosie picture just like you, until then I will tell it like it is.
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makesum: The problem lies directly with the company, all they have to do is call or email the T/A and the gag will be lifted. I confirmed that with the T/A myself. JMHO
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bobky: Plus 10,000,000 preferred that we don't know the conversion ratio on. JMHO
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monkeybiz: If that is the case, then the company could rectify that situation by updating (daily) the current A/S, O/S on the company web page, through IR or on a taped message on their telephone system. Would any of these things really be that hard? Clint has time to reply to certain investors emails. I'm sure if you took a vote, investors would rather see the share structure updates rather than meaningless private conversations. JMHO
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usf: That could be, but there's no reason the info cannot be updated on the pink sheets website at least once a week? I didn't see any PR stating preferred shares were added to the share structure either, the only way I found that info was by calling the state of Delaware. JMHO
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STOCKWISER: As I have stated in prior posts, what reason can they give for having a gagged T/A other than hiding the share structure from the public? The last pink sheet update did not include the 10,000,000 preferred shares, that showed up out of the blue on the state of Delaware site. How do you explain that? What is the conversion ratio? If it is more than 1:1 which is highly likely, that would be considered dilution. If clint wanted ETIM to be transparent there are many things he could change and as of yet has not. If there truly is no more dilution as the company has stated in email and by phone conversation, why not put it in a PR? If they do get listed on the OTCBB the info will be public then anyway. JMHO
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I can't wait for this to happen:
:: NEWS RELEASE
Contact:
R. Cromwell Coulson, Chairman and CEO
Pink Sheets, LLC
Issuer Services
(212) 896-4420
issuers@pinksheets.com
FOR IMMEDIATE RELEASE:
New York, NY - November 6, 2006 - Pink Sheets, LLC today announced the introduction of new categories for the companies traded on the Pink Sheets Electronic Interdealer Quotation and Trading System. The decision to start categorizing each security traded on the Pink Sheets is a move to provide more transparency to investors on the ability and willingness of issuers to provide adequate public disclosure in a credible and timely manner. Pink Sheets is a quotation and trading venue that does not have minimum disclosure standards. Trading is driven by OTC market demand rather than the traditional exchange listing process. Therefore, categorizing securities by their level of disclosure will greatly enhance the capital formation process. The categories are based on the level, quality and timeliness of a company's disclosure. The initiative is similar to the various markets that NASDAQ uses to classify companies as well as the identifiers that NASDAQ and NYSE use to label companies that are late or delinquent in disclosure. Pink Sheets will implement the new categories on May 1, 2007.
Companies that have substantial operating businesses and provide credible disclosure to the public qualify for the premium tier OTCQX, which commences trading on January 2007. For more information on OTCQX, please see our website at www.otcqx.com. Approximately 20% of the current Pink Sheets or OTC Bulletin Board traded companies could qualify for an OTCQX listing. All Pink Sheets quoted securities of issuers that are not able or willing to meet the high standards of OTCQX will be placed in one of the following categories and labeled as such on www.pinksheets.com effective May 1, 2007:
Emerging Equities List represents companies that provide credible disclosure, including GAAP audited financials, but may not have sufficient business operations to qualify for OTCQX. To qualify for this category, companies are required to provide a letter from an attorney regarding the quality of their disclosure. These companies will have an Emerging Equity List logo next to their symbol.
SEC Current indicates that the companies are SEC reporting and current in their financial reporting. Pink Sheets will track filings made through the SEC's EDGAR system and automatically categorize a company based on their filing status.
Adequate Current Information indicates companies that conform to Pink Sheets Guidelines for Providing Adequate Current Information. An audit is not required, but a letter from an attorney regarding the completeness of disclosure is required. Federal or state regulated banks, insurance companies and companies listed on non-U.S. stock exchanges will only need to supply the information they file with their primary regulator in English and will not be required to provide an attorney letter.
Limited Information Available applies to companies with some information posted in the last six months, either through the SEC's EDGAR system or the Pink Sheets News Service, but may not be current or complete. A yield sign will be displayed next to the symbol.
Public Interest Concern is for stocks with unsolicited spam, questionable promotion or other public-interest concerns. A Skull and Crossbones icon will be displayed next to the symbol. If there is no current information available for a company that is the subject of unsolicited spam, their quotes will also be blocked on pinksheets.com.
No Information is for all other Pink Sheets stocks. A stop sign will be displayed next to the symbol.
The companies that wish to be designated as OTCQX or Emerging Equities List companies are required to submit an application as they will be agreeing to provide a minimum level of disclosure. Adequate Current Information and Limited Information Available require non-SEC-reporting issuers to subscribe to the Pink Sheets News Service to make the information publicly available.
"The creation of the OTCQX and the forthcoming Pink Sheets categories are the next step in our continuing efforts to improve the Pink Sheets trading environment," commented Cromwell Coulson, Chairman and CEO of Pink Sheets. "We have transformed the Pink Sheets from a nearly dormant paper-based quotation service to a fully integrated electronic quotation, trading and disclosure system with almost $25 billion in volume of trading in the first quarter of this year and market maker participation from 200 of the largest securities firms in the world. Because of our highly efficient trading platform, over 90% of inter-dealer trading in OTC Bulletin Board securities now trades through our systems. In addition, we have given issuers the ability to communicate with the investment public through our website, pinksheets.com, which registers over 100 million page views from investors each month."
Additional efforts to enhance transparency and investor confidence include successfully persuading the NASD to require its members to include Pink Sheets and OTC Bulletin Board securities in the monthly short-interest reports. Pink Sheets has also petitioned the SEC to create rules that would expose illegal promotion activities such as spam e-mails that can tarnish the reputation of good companies and diminish the price of their stock.
"Companies are known by the company they keep, and we hope that in providing these new categories, companies that provide disclosure to the public will clearly stand apart from those companies that are of lesser quality," concluded Mr. Coulson.
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Soros: I will continue to post the good with the bad. I am the one who posted the info last night about the patent clint has, I found that to be very encouraging. I have lurked and been apart of many boards and have found most of the time the negative posts, no one wants to hear to be very factual. It's a strange thing when it comes to one's money, everyone wants to hear the rosie side of the story, even when things aren't rosie at all. You don't have to look to far to see what I'm talking about, SLJB, CSHD, QBID and CMKX just to name a few. To the people on this board that want to keep their rose colored glasses firmly planted in front of their eyes, my advise to you is to weigh both sides of the story and make an informed decision. Listening to the pumpers and or the bashers side only will surely end in you losing your money.
Soros, when you're done patting the ETIM bunch on the back, ask them about the 10,000,000 preferred shares that mysteriously appeared on the state of Delaware sight within the last couple weeks(and weren't included in the last pinksheets update). Then ask them why the T/A is still gagged? There really is no reason for the T/A to be gagged other than to hide dilution, now is there?
di·lu·tion (dī-lōō'shən, dĭ Pronunciation Key
n.
The process of making weaker or less concentrated.
A dilute or weakened condition.
A diluted substance.
A decrease in the equity position of a share of stock because of the issuance of additional shares.
de·lu·sion /dɪˈluʒən/ Pronunciation Key - Show Spelled Pronunciation[di-loo-zhuhn] Pronunciation Key - Show IPA Pronunciation
–noun 1. an act or instance of deluding.
2. the state of being deluded.
3. a false belief or opinion: delusions of grandeur.
4. Psychiatry. a fixed false belief that is resistant to reason or confrontation with actual fact: a paranoid delusion.
It's uncanny how much these words sound alike. LOL
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Adios. eom
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clint: Get with the program and take the gag off the T/A. eom
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Awful lot of volume with very little movement, I hope they aren't dumping again. JMHO
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WEEEEEEEEEEEEETIM. EOM
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Looks like people are nibbling the Ask. eom
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This is going up today, mark this post. Looks as though the selling is over. JMHO
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