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" I had a friend involved in something similar to what’s happened here 1st thing the SEC did was freeze trading on the stock while they investigated. The people involved faced stiff penalties."
WHAT WOULD EI DO IF THE TRADING OF ETNL STOP TRADING UNTIL THE INVESTATION WAS COMPLETED. IF THEY CAN'T SELL STOCK, THEY'RE BROKE.
Does all companies have their own SEC attorney's? If i remember correctly their so called SEC attorney was advising them on the share structure, nothing about filing form 4's.
BTW, WHAT DOES A SEC ATTORNEY KNOW ABOUT SHARE STRUCTURES BEING TO LARGE FOR ANY REPUTABLE FUNDING SOURCES TO CONSIDER THEM FOR FINANCING.
THIS IS FROM EI DATED DEC 3RD.
After meeting with financial consultants and our own SEC counsel, it was decided that the current share structure is too large for any reputable funding sources to consider us.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57338565
GOOD JOB. THAT'S THREE THAT WE KNOW OF. THE MORE THE MERRIER.
ETERNAL IMAGE AS TO FOLLOW THE RULES SET FORTH BY THE SEC, THEY AREN'T EXEMPT.
GOOD JOB FRANK FOR GIVING US THOSE SIDE BY SIDE COMPARISONS OF SELLS BY THE OFFICERS AND PR'S, ETC. THOSE ALONG WITH THE LATE FILINGS SHOULD BRING ATTENTION TO THIS CORRUPED COMPANY AND IT'S OFFICERS.
HERE SOME FOR 2006-2007
In connection with our February 15, 2006 Reverse Merger, the following officers and directors (who were shareholders of our predecessor entity) were issued shares of our common stock in exchange for their interests in the predecessor entity:
Clint Mytych
5,590,000 shares
Donna Shatter
200,000 shares
Nick Popravsky
500,000 shares
*Note: These were Post-Reverse Split Numbers
In addition, in 2006 and 2007, the officers and directors were issued shares of our common stock as additional compensation for services rendered as follows:
Clint Mytych
9,686,000 shares
Donna Shatter
8,450,000 shares
Nick Popravsky
6,300,000 shares
James Parliament
47,500 shares
----------------------------------------------------
Just add them up and it's a hell of a lot of them.
I THINK IF YOU LOOK AT ALL OF THESE PLUS THOSE MENTIONED IN MY OTHER POST, YOU WOULD COME TO THE AGREEMENT THAT THEY ISSUE SHARE TO THEMSELVE WHENEVER THEY WANT.
hAVE A GREAT DAY.
Good job.. I filled out the paper work the other day and mailed it in. Hopefully they'll stop EI, from ever doing this agin. I hope they fine the hell out of them and put some one in jail.
How about these for starters
try these...
During the year ended December 31, 2007, the following were issued:
Common Stock Transactions: 15,750,000 shares of common stock were issued for executive compensation valued at $742,500.
During the period January 1, 2008 to September 30, 2008, the following were issued:
145,000,000 shares of common stock were issued for executive compensation valued at $4,018,000
i can here it now...they only gave themselves stock twice...and the answer is quite simple...
how often does a pink sheet company have to give themselves over $4m in stock....
To date during 2008, we have issued additional shares of our common stock to members of our management team as compensation as follows:
Clint Mytych - 44,000,000 shares
Donna Shatter - 44,000,000 shares
Wallace Nick Popravsky - 44,000,000 shares
James Parliament - 13,000,000 shares
David DeAvila - 3,000,000 shares
Give me a few more minutes and I'll find more for you.
POST OF THE DAY...ETNL IS A SCAM
What did Clint say about the reason they didn't file the Form 4's when they were suppose too? Or did he say it wasn't any of our business.
There's something shading going on and the investor's don't like it one bit.
Much of the proceeds from the Officers’ sale of stock in 2010 were loaned to the Company in one form or another. Sometimes the loans are drawn up on Promissory Notes, but more often than not an Officer simply pays an expense on the Company’s behalf and submits an Expense Report for the Controller to file. Expense Reports are not reflected on a 10Q, so anyone taking a cursory glance at the situation would not be aware of just how much money the Officers’ have willingly put back into Eternal Image.
HOW IS THIS BEING ACCOUNTABLE, TRUST THEM...YA RIGHT.
SO THE OFFICERS SELL STOCK AND FILE FORM 4'S LATE..THEN THEY LOAN THE MONEY TO THE COMPANY, AND I"M SURE CHARGES THEM INTEREST. WHAT A RACKET.
KEEP IN MIND THAT THEY GIVE THEMSELVES SHARE WHENEVER THEY DECIDE TOO. THEY DON'T BUY SHARES LIKE THE NORMAL INVESTOR.
"I sincerely feel sorry for those that allow someone beside themselves affect any investment decisions that are supposed to be arrived at soley at through their own discretion and research."
I agree with you on this Basser1
There are some that don't have any CREDIABLITY AT ALL. THEY DON'T KNOW A SINKING SHIP WHEN THEY SEE IT.
"The peeps that will buy up your shares realize that a company with real products and a 35 million float after R/S will be trading much higher than it is right now. They also realize that if shares are issued post R/S that those will be restricted for 6 months."
IF THIS IS SUCH A GOOD BUYING STOCK, WHY ISN'T THE BUY VOLUME AT 100,000,000,000.
WHY? BECAUSE THERE'S NO INTEREST IS BUYING A SINKING SHIP.
NOW YOU ALSO SAID THAT YOU CAN'T BELIEVE PEOPLE AREN'T SELLING.
SELLING NOTHING EQUALS NOTHING.
I was just thinking about doing some DD through the SEC EDGAR site, to see if Eternal Image has filed any more Form 4's. You know this is important to see if any Officers have SOLD or bought any shares within the last two days.
OUCH....I GUESS I NEED TO WAIT FOR ANOTHER 6 MONTHS TO DO THIS. YOU SEE, EI DOESN'T HAVE TO FOLLOW THE SAME RULES AS EVERYONE ELSE.
I GUESS WE'LL JUST HAVE TO TAKE THEIR WORD THAT THEIR NOT SELLING.
LMAO
"one share of Voting Non-Convertible Preferred Stock equals 10 shares of Common Stock."
SO CLINT'S 50,000,000 Preferred Stock = 500,000,000 Common Stock
Ask your buddy Clint, he knows. BTW, ask him why he dumped shares into the market without filing a form 4 after 2 days of the transaction like the SEC requries.
Selling something for nothing isn't to profitable. But then again, A tax right off might be more profitable.
Administrative Expenses. Administrative expenses decreased by $41,312, or approximately 215% from $60,506 in the three months ended September 30, 2009 to $19,194 for the three months ended September 30, 2010. The principal reason for the decrease was there was less staff on hand, and the three officers of the Company continue to forego any salary.
IT SOUNDS LIKE THEIR WORKING FOR FREE. OOPS...THERE NOT, THEY'RE SELLING SHARES GIVEN TO THEMSELVES, BELOW IS THE FORM 4'S FILED.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7573854-35013-61082&type=sect&TabIndex=2&companyid=250474&ppu=%252fdefault.aspx%253fcompanyid%253d250474
FORM
Received ( Period )
4 ETERNAL IMAGE INC(SHATTER DONNA MARIE) 12/02/10 (11/08/10)
4 ETERNAL IMAGE INC(MYTYCH CLINTON ROY) 12/02/10 (08/31/10)
4 ETERNAL IMAGE INC(POPRAVSKY WALLACE NICHOLAS JR) 12/02/10 (09/21/10)
4 ETERNAL IMAGE INC(POPRAVSKY WALLACE NICHOLAS JR) 12/02/10 (06/22/10)
Two of Eternal Images Three Officers worked for Driven Image during the BK.
Clint was General Manager and Nick was in charge of sales and Corporate Secreatary
Clint Mytych
From 1999(age 18) to 2002 he was employed by ECA, a manufacturing company, At ECA, he was promoted to the position of Purchasing Director. From 2002(age 21) to 2004, he was a General Manager of Driven Image, Inc., one of the largest luxury car rental agencies. Driven Image, Inc. filed for federal bankruptcy protection in March 2004 in the U.S. Bankruptcy Court for the District of Nevada.
Wallace “Nick” Popravsky
Employed as a Specialist at General Electric(from 1994 to 1997), a General Manager of Pinnacle Media(from 1990 to 1994), an Advertising Manager at HH Communications(from 1986 to 1988), and in Advertising Sales at Tribune Newspapers (from 1982 to 1985). In 1987 and 1988, he held a seat on the board of the Information Providers Association. Immediately, prior to June 2003, Mr. Popravsky was employed by Driven Image, Inc. in a sales capacity and as its corporate secretary. That firm filed for bankruptcy protection in March 2004 in the U.S. Bankruptcy Court for the District of Nevada.
He sure did.
"If they filed BK, it would be OVER. It would be OVER. But they are still alive, and hopefully it benefits us all."
"IT WOULD BE OVER". "IT WOULD BE OVER"
IT NEEDS TO BE OVER. EI'S OFFICERS HAVE TOTALLY MIS-USED THE SHAREHOLDERS FOR THEIR OWN BENIFIT.
ANY CREDIABLITY THAT EI HAD BEFORE LAST WEEK IS TOTLLY GONE, NOBODY IN THEIR RIGHT MIND WILL EVERY TRUST THEM AGAIN.
ENOUGH IS ENOUGH.
"giving the holder 1,500,000 shares. At Fridays close of .006 the portfolio would be worth $9000."
It's actually $900.00
Friday's close was .0006, one more zero.
"and who else might be interested in making money here?
Surely not (cough) anyone WE know?"
YOU KNOW THEM WELL DANCY, LET ME HELP YOU..
CLINT, NICK AND DONNA. YOU KNOW THE ONES THAT FILED THE FORM 4'S.
THEY APPRECIATE ALL YOUR MONEY.
YOU KNOW THE ONES THAT DON'T GET A PAY CHECK, LOL
What? Your kidding me right. Have a good afternoon Mate.
It's okay Mate. We all know they don't have any Crediablity with the Investment Community any more.
SHAME, SHAME.
"I honestly think that Franks post describing what transpired over the past 6 months should be a Sticky Note to allow peeps to see the character of the Management Team at EI."
IT SHOULD BE POSTED IN THE STICKY NOTES. THIS IS NOT THE OPINION OF A POSTER BUT THE EVENTS THAT TOOK PLACE DURING THE SAME PERIOD OF TIME EI'S OFFICERS SOLD SHARES AND THEIR PR'S/FILINGS CAME OUT. TIMING IS EVERYTHING.
You also can say they didn't have any assets to speak of, except maybe the Licenses they had. Which if we put a value on them wouldn't amount to anything. The only way to put a value on them would be if the Sales/Revenue of that particular license exeeds the cost of having the License, ie, Royality fees, production costs, etc. EI pays more Royalities fees then what they generate from the License.
They don't own a building, they rent
They don't own a car, they lease.
They don't make any products, a 3rd party does this.
What do the have of value? We'll maybe their own bank accounts.
Good for you. Hopefully there will be a lot of people doing the same thing.
A least they'll be watching them.
Good DD Frank.
I know how you feel. I once believed whole heartly myself in the company. I was a Mod at one time, but got tired of sugar coating everything and trying to protect EI by any means.
With the Officers selling like they did when they knew of a R/S coming, is just totally Criminal and just plain wrong.
Also them (EI's Officers) telling on their latest filing that they haven't recieved a pay check since 2008, while they've been selling stock that they gave themselves is also totally wrong, making them thousands. ALL THEY WERE TRYING TO DO WAS MAKE THE INVESTORS THINK THEY'VE BEEN WORKING FOR FREE.
THE SEC HAS RULES FOR INSIDERS SELLING. THEY MUST REPORT THOSE SALES WITHIN 2 DAY'S OF THE TRANSACTION. NOT WAIT 5-6 MONTHS, LIKE SOME OF THE OFFICERS DID.
IF THE SHAREHOLDERS KNEW OF THESE SALES AT THE TIME THEY ACTUALLY HAPPENED THEN THEY WOULD HAVE ACTED ACCORDING WITH THEIR TRADING.
(EXAMPLE)
IF THE OFFICERS ARE BUYING BEFORE THE FINANCIAL COME OUT FOR THE 3RD QUARTER AND THEY'VE FILED A FORM 4 WITH THE SEC. THIS MIGHT TELL THE AVERAGE INVESTOR THAT THIS IS A GOOD SIGN AND THEY MIGHT WANT TO DO THE SAME. OR IF THEY SEE THEM SELL BEFORE THE EVENT, THE INVESTOR MIGHT FEEL THE FINANCIALS AREN'T ANY GOOD AND THIS MAY CAUSE THE INVESTOR TO SELL.
CREDIABLITY IS TOTALLY GONE.
I. Definition of Insider Trading
Insider trading occurs if you know material confidential information about a public company (whether it is your company or another company) and you trade on that information or tip others about it before the information is released publicly. Material information is news that can affect a company's stock price, such as knowledge of a takeover or accounting problems, a dividend change, a new product, or earnings that are better or worse than expected.
II. Insider Trading Is Illegal for More than Executives or "Insiders"
This anti-fraud rule does not apply only to company insiders, employees, or executives. The prohibition applies to you, your business associates, your family members, and your friends-anyone who possesses material non-public information at the time of the trade or tip. This insider trading prohibition is separate from the Section 16 rules under the securities laws and the related filings on Forms 3, 4, and 5 made by senior executives and directors.
The publicity surrounding cases involving rank-and-file employees sends a strong message to the financial markets about how no one is outside the SEC's radar. When irregular trading activity is detected in a company's stock, the stock exchanges and the SEC scrutinize all transactions made during the suspicious period under review. Once the government's radar is on, it tries to investigate and match securities transactions back to company personnel to discover any insider trading. III. Severe Penalties
Anyone found liable in a civil case for trading on inside information may need to pay the government an amount equal to any profit made or any loss avoided and may also face a penalty of up to three times this amount. Persons found liable for tipping inside information, even if they did not trade themselves, may face a penalty of up to three times the amount of any profit gained or any loss avoided by everyone in the chain of tippees. Individuals can be barred from serving again as an executive or a director of a public company and can also face private lawsuits. These penalties are not the only consequence of an insider trading violation and investigation. Publicity and embarrassment also surround the investigation, even if it does not result in any formal charges, and damage is done to the company's business and image.
Individuals who are convicted of criminal insider trading face prison terms (the Sarbanes-Oxley Act increased the maximum length of sentences) and additional fines. In addition, violators are usually charged with mail and wire fraud and possibly with tax evasion and obstruction of justice. Corporations face additional penalties for failure to set up compliance programs and make reasonable efforts to prevent violations under the theory of "controlling person" liability.
IV. Insider Trading Applies to Stock Options and Company Stock in 401(k)
If you exercise stock options when you know material non-public information, the exercise itself is not a violation, according to most experts. However, if you subsequently sell stock into the market in connection with the exercise of the options, which happens with a cashless exercise/same-day sale, the Rule 10b-5 insider trading prohibition is triggered as with any stock sale. Even after you leave the company, such as in any post-termination exercise period, the insider trading rules apply.
Buying or selling company stock in your 401(k) when you know important, confidential information about your company, such as an upcoming merger or better/worse financial results, is also insider trading. In February 2001 the SEC brought an insider trading case alleging an employee transferred 401(k) funds into his company's stock investment alternative after he learned about a soon-to-be-announced merger.
V. Insider Trading Damages Goals of Employee Ownership
Without employee education, insider trading can be the accidental consequence of employee ownership. Stock options and other equity grants turn employees into excited owners. They may now have access to confidential information, so they must be educated to know they cannot use it for their personal gain. In addition, employees naturally want to boast to friends and families about their companies' prospects. Doing so could result in an insider trading violation because they may provide information that someone may use as a stock tip. No matter how well intentioned the employee might be in bragging about the company or defending it (e.g., dispelling negative rumors through the use of net stock forums), this action is illegal.
Moreover, insider trading destroys a major rationale for stock options, which is a link between the financial interests of employees/executives and those of the shareholders. Employees and shareholders both benefit when the stock price rises. Because of their grants, employees will work harder and smarter to make this happen, supporters of options explain. However, this link with shareholder interests breaks down when the "insider" knows and uses information he/she learns on the job to buy or sell securities. Furthermore, as is alleged at Enron, executives may intentionally manipulate the earnings and then use this knowledge of their illegal activity to sell stock at inflated prices. The public shareholders (and other employees), not knowing this private information, may continue to hold their stock as it drops.
VI. Employee Meetings, Seminars, and Videos
Companies hold compliance meetings to discuss insider trading rules and their trading policies, including any window and blackout periods. A popular training tool is the Think Twice video series on preventing insider trading, which is available from Brumberg Publications. For more information on the videos, call 617-734-1979.
For more details on insider trading law, see the insider trading FAQs on myStockOptions.com and TheCorporateCounsel.net.
"If the share dumping is true"
What more proof do you need?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57358638
Drive their new cars with that $2000.00 per. month car allowances each of the Officers get.
They say they're not drawing a pay check but they're selling the hell out of shares that they gave themselves for a 100% profit. Check out the latest Form 4 filings files on Dec. 2nd. 2010
ALSO CHECK ON THE LAST TWO YEARS.
INSIDERS TRADING COMPLAINTS FORM WITH THE SEC
https://denebleo.sec.gov/tcr/add.action?c=10
IF EVERYONE FILLS THIS OUT, MAYBE THE SEC WILL TAKE US SERIOUS.
GOOD LUCK
Welcome aborad Renee, We welcome the neutralality (sp).
I HOPE THE SEC LOCKS UP EVERYONE THAT HAD ANYTHING TO DO WITH THIS SCAM.. OFFICERS, PROMOTERS (PAID OR NOT PAID).
ANYONE THAT'S ON EI'S SIDE WITH THIS, SHOULD FEEL AS GULITY AS THEM.
I BELIEVE YOUR RIGHT.
"In addition, notwithstanding the approval of this proposal by the stockholders."
SO WHEN DID EVERYONE VOTE ON THIS, I MISSED IT. OH WAIT. WE DON'T HAVE A VOTE. THIS IS A PRIVATE COMPANY, BECAUSE CLINT AND FAMILY GAVE THEMSELVES ENOUGH SHARES TO MAKE SURE THEY HAD CONTROLING INTEREST.
WHAT A SCAM
Truthers right again
Basser1 Share Tuesday, May 25, 2010 5:00:49 PM
Re: LC-GATOR post# 184353 Post # of 193769
I didn't see anyone making excuses. You have a long history of calling for an R/S to be happening soon. The only time that we will see an R/S is when ETNL moves up to a higher exchange. I guess that this must be a change in your opinion since now it seems that you expect ETNL to move up sooner than the rest of us do. This is good news if you were to ask me.
JMHO
Basser
--------------------------------------------------------
Crediability is the key
Eternal Image Inc. (ETNL)
0.0006 ? -0.0004 (-40.00%)
Volume: 21,584,559 @ 4:00:22 PM ET