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"need to come back to earth and understand that this is a "Unique", type of business. Speciality caskets and urns are not for everyone, just a select few."
The most successful businesses are unique, are they not?
Healthy organic foods aren't for everyone. Whole Foods doesn't seem to mind.
Specialty performance apparel isn't for everyone. UnderArmour doesn't seem to mind.
Strange rubber sandal/shoes aren't for everyone. Crox doesn't seem to mind.
Huge delicious burritos aren't for everyone. Chipotle doesn't seem to mind.
Less than compatible with the mainstream computers and digital music players aren't for everyone. Apple doesn't seem to mind.
$4 coffees aren't for everyone. Starbucks doesn't seem to mind.
The ability of a company to establish itself firmly in a marketplace often relies upon one key factor, uniqueness! As the company becomes established they can often offer less unique products that will be purchased due to the original brand loyalty built through that uniqueness.
If it is harmful for one to be optimistic about an investment, especially a pinksheet start-up growth stock, then what should we be doing? No one invested in ETIM so they could get 10%/year returns and a maybe a nice dividend! This is not GE!
In fact, if you don't believe there is any potential behind the hype, what is the point?
We need facts, they are great for validating or invalidating one's expectations - isn't that what one bases an investment on, an expectation? That expectation is a speculation based on the facts available at the time of the investment.
So in that sense you are right, some new facts may give us more information on which to gauge our expectations, and accordingly speculate by buying more shares.
But that doesn't mean that original expectations have to change if no new news regarding the company invested in is available, and in fact, there is much new news available that has raised expectations for some.
I am excited as anyone else here when more information is made available by the company, and I would like definitive responses for all of your points.
Specific knowledge of business operations may not be available now, but general business operations are as follows: EI is producing and selling products, partnering with other businesses who will and do profit from the selling of the products, and word about the products is spreading and demand exists for them.
All these things are not "in question."
So there should be no need to continue questioning those things. At least not in the most basic and obtuse form.
Looking for more definiteve answers on topics like your list suggests is natural and to be expected. So lets get some specifics!
I think the ridiculously tiny trades are an attempt to make the stock look weak due to a lower price.
That is silly really, since the investment here now has nothing to do with what price it trades at on the greys, it is a wait for news RE a merger which if all goes well, will make the subpenny prices inconsequential.
Also, a note on pinksheets: There have been multiple times when pinksheets displays the wrong or incorrect information, and it is almost always skewed negatively toward the company in question. I believe that the company (pinksheets) itself has ties to short interest on many stocks traded on the pinksheets. But that is simply a conspiracy theory...mostly...maybe...i think....
That is ridiculous. Concern with one ebay auction, from a seller with no feedback, for a new style of product that is just beginning to become known, in a place with no targeted advertising, before the auction has even ended!!!!????
I am not concerned with this, it is a measure of practically nothing, except for perhaps the fact that the seller has created an entire new business just to sell EI pet products. Now that is an indicator of something, yeah, but I won't spoil the surprise.
Can we stop with the questioning like "are they selling any urns?", or "who would buy these products?"
The following quotes (bolded) from press releases indicate the type of demand that exists for the products. And these are just a few of many other similar statements. I would love to see the actual numbers as much as anyone else. In fact, I am very much looking forward to it.
But to imply that the company isn't selling any products, or that investors should question whether they are or not, is a baseless, and unsubstantiated implication. Just because you haven't seen actual numbers does not mean sales aren't taking place. In fact, the numerous business relationships EI currently has and continues to breed are a further indication that products are selling, and are expected to continue selling.
"The agreement with DL Provider Company opens the door for more exposure in the Midwest," said Clint Mytych, CEO, Eternal Image. "Knowing there is already a demand for our products in the area supports the need to provide Eternal Image products to the funeral homes so they can in turn provide them to the consumer."
"The demand for our products has pushed production ahead of schedule. With the approval of the Giants design, the new urn will provide San Francisco fans with a quality product of memorabilia that will last a lifetime," said Clint Mytych, CEO of Eternal Image. "Baseball fans have been calling and sending email expressing their hopes that their specific team's urn will be next into production."
"The infusion of more than $1.2 million means we can accelerate our production and fill a growing backlog of orders, and we can continue to work to add new licenses to our roster," said Clint Mytych, CEO Eternal Image. "In addition, we will now be able to meet the next phase of forecasted demand."
Eternal Image's AKC urns are currently en route from Asia and will be reaching distributors shortly. The first shipment in the line has been more than two-thirds pre-sold through AKC.org, Cherrybrook.com, and Dog.com.
People are just ridiculous. I was out today and am just now catching up on the crap people have posted here regarding ETIM and the license with Star Trek.
Cheers to you and Bee and everyone else for the commitment to helping folks understand the huge potential revenue this will bring to the table. Wait not potential, make that actual, put it in the bank, revenue.
This board is a joke sometimes. Seriously, just because the share price is down that means a new license is a BAD thing for Eternal Image!?!?! Please. Give me a break. Take a look at Eternal Image in 5 years and see if you still think that is the case.
Earlier this year EI stated that they would begin a buyback some time after audited financial statements are complete.
The buyout talk was actually quite opposite.
EI recently restructered the share structure in order to maintain control in the event there is an attempted hostile takeover.
They are not looking for a buyout. They feel there is more potential in growing the company than what anyone could fairly, or unfairly offer them at this point.
I think that sends a great message to shareholders: "This company will be worth much more in the future".
In a previous Conference Call I do believe that they mentioned potential buyer/buuyers have inquired, but EI is not interested.
Also, here are some recent numbers on share structure from pinksheets.com
Estimated Market Cap
12,742,641.015 as of Sep 12, 2007
Outstanding Shares
2,770,139,351 as of Aug 1, 2007
Authorized Shares
3,875,000,000 as of Aug 1, 2007
Number of Share Holders of Record
4,000 as of Aug 1, 2007
Float
2,211,014,099 as of Aug 1, 2007
Since ETIM is an emerging growing company, it will trade at high multiples to earnings and revenues. The estimate by the company earlier this year for 2007 sales this year is a little over $3 million.
Price to Sales ratios can be very high for a company so young and just getting started. Less than half of the product lines are even available at this point! And they are about to add a new one, with the assumption that there will be more to come.
But really, since they are so young, valuation models are hard to apply.
I like this as my valuation model:
Would Clint and crew sell EI today for 50mill, 100mill, 200mill, 500mill?
I'm not entirely sure, but I think they wouldn't. The potential for the future is just too bright.
More than the licensing announcement tomorrow, I'm looking forward to finding out whether or not there was some significance behind the countdown clock.
While it has built quite a bit of excitement, I like thinking that there was more behind it than just being a way to simply create excitement - that the timing was important and related to the nature of the license in some way would be a better revelation, in my opinion.
Love seeing us up again today. It is of course possible that the countdown turns out to be the best way to raise the share price. And in that case, I'll take it.
Cheers!
No way?!?! This new distributor is going to buy our products!
That is awesome!
Wow, a Martin 12-string, eh? Impressive again.
You just happened to have one laying around?
I can't play a 12-string very well at all, there is just something about them that feels too strange.
I think music licenses would be great but Fender or Gibson are the only ones I can think of so far that seem to be decent. Well, that and the Rolling Stones...
Good morning Dancy! Hopefully we'll have another day with enough movement to keep you busy with those L2 updates.
Movement up, that is
Diversification is important now and in the future, but on some level I think any new license adds a form of diversity. An international soccer license would have a completely different consumer-base than MLB. The SPCA one, though, might actually take sales away from the other pet urns, so who knows. I'll take whatever it is, thats for sure!
But If someone like you or me who always has adopted or rescued pets can have a nice classy way to honor their pet, with proceeds from sales going to the SPCA to help a worthy cause, I think there could be some added value and incentive to buy.
Here's another one that would be completely different from anything we have. Gibson, or Fender?
Many guitar players are die-hard brand loyalists, and their guitars are like their pets. hehe.
Thanks.
Good morning folks. Here's a thought about a new license idea. Curious to hear what you guys think - what about rounding out the pet line with an SPCA branded product?
Society for the Prevention of Cruelty of Animals sponsors many animal shelters. There are TONS of people who only adopt animals in need of homes as opposed to buying purebred ones. This license would allow those folks to show some support and raise money/awareness for a good cause while honoring an adopted pet that has passed.
Has this been brought up before? I can't remember.
Good or negative feedback is welcome.
Cheers!
Qas,
What is your technical analysis for the rest of the week and next week after today's price action and considering the upcoming new license announcement?
Do you think the MMs have been loading up and are ready to run the pps up, even without major volume?
What factor would the new license play in your TA?
If an expected or bigger than expected name is announced and big volume comes in, will they even allow a move up, or just suck it up for a big short play? Or do you think they will simply let retail buying/selling pressure dictate the direction?
Does your TA give any indication about whether or not this may be the start of an extended run up, given the upcoming tradeshow and uplisting?
Thanks in advance, as I'm always interested in your opinions.
Cheers!
umm, yeah, me too...
yeah, now i know how you feel!
I am only getting partial fills now, following the ask up. MMs hate me, apparently.
Oh well, they're all still CHEAP!
That was 5k out of my 500k order...
Yes, that is what I think could have happened. Somehow, Financial Alchemy became an adverse interest, and not an investor, like in the other two stocks where that has happened.
They might have thought they had some legal recourse based on their contract with AAPU now that AAPU is traded on the greys, but it was a failed attempt. The reverse split could also have really messed up Financial Alchemy's plan/scheme.
Now, the other possibility is that FA really was an investor, sees that AAPU is going nowhere, and thinks they can somehow reclaim their investment based on the original contract. But I think that is a lot less likely based on AAPU/Chirico Group/AE research and based on the sorted history of Financial Alchemy.
Hey,
Don't know if this has been talked about here or not, but I did find something relating to AAPU that I thought was worth a mention.
Last month a company called Financial Alchemy filed a lawsuit against America Asia Petroleum.
Here is a link:
http://dockets.justia.com/docket/court-ilndce/case_no-1:2007cv04474/case_id-211669/
After researching Financial Alchemy, it appears they are in investment company, that invests primarily with OTC companies. They have been sued themselves two different times and accused of manipulating stocks they received shares for downward with inappropriate selling pressure. (one stock is MSITF, can't remember the other at the moment).
Anyway, they were suing for a little over 200K. The case looks like it was dismissed quickly, as the judge found AAPU was at no fault in breeching the contract.
I wonder if staying on the grays has been in part to divert Financial Alchemy and their "plans"?
Who knows. But I thought was interesting at least.
Hey Bee
I know. We have a good solid group of investors who see the potential and the positive movements by EI to help them reach that potential.
I wouldn't worry about it too much.
I doubt THIS company would be created soloely to sell urns and caskets, and then make them of poor quality.
Everyone will always have different opinions of "quality" and of "design."
They are usually very subjective assessments.
Now, if a majority of people are not pleased, then I might start to worry.
Some people think iPods are "cheap."
Some people think Honda Accords are "cheap."
Some people think Gap clothes are "cheap."
There are always some who have their own opinions that differ from common perception. Doesn't mean products won't sell and make tons of money
To say the PPS has been halved is misleading.
It traded at .008 for two days.
Also, it only takes 6 ticks, just 6, to go from .008 to .005. That is part of the "game" with a subpenny stocks, the volatility is to be expected.
You could say that it is trading at the lower end of its range for the last couple of months. You could also say that it is not likely to go much lower due to the trading history.
You could also say that all of these good things that are happening with the company, EIE, AFs, new license, trade show, and so on are going to eventully lead to a higher share price, even higher than this current range.
Or to help with the shell...
Carley offers many services, but perhaps they were hired to find the institutional investors for EI.
A couple of board members have received their EI products. So yes, it is selling.
Poster: I've been going through the 8Ks to get some more reference. I think I have a clearer picture now. Like you said, it WAS but no longer.
THanks.
-eh
And with the right lines, that 1% could include Europe too!
Morning folks -
I was doing some research last night and found this:
http://biz.yahoo.com/e/070904/rgde.pk8-k.html
Is this America Asia Corp. the same as America Asia Petroleum Corp.?
I'm confused about this filing and wondered if someone could help clear it up for me. Thanks.
Here is the info in the link:
Form 8-K for AMERICA ASIA CORP.
4-Sep-2007
Termination of a Material Definitive Agreement
Item 1.02. Termination of a Material Definitive Agreement
OTC Pink Sheets announced today that Renegade has defaulted on its financing contract with Petrolex, LP, an Oklahoma Limited Partnership ("Petrolex") to further develop revenue producing oil and gas properties located in Oklahoma and other assets pertaining to those properties. Pursuant to the asset acquisition agreement, Renegade returned the subject oil and gas properties and other assets obtained from Petrolex to Petrolex and the 90,000,000 shares of common stock issued by Renegade were cancelled as of this date and returned to Renegade's authorized share capital. The Company will endeavor to search for other oil and gas properties which have the potential for profit pursuant to the Company's business plan.
And each new license means another revenue stream! As long as the designs continue to be so striking and classy, I think the more deals we have in place, the easier it will be to secure new ones.
Morning everyone
This excitement about the new license is fun. Very nice to see folks so pumped about ETIM.
So here is something even more fun. We are all getting excited about this coming announcement, but it is only one. Yes, only one new one. In the next 5 years there could be 10, 15, 20, .... MORE new licenses to announce. The potential is limitless. How is that for exciting?
-EH
If one invested in the company in order to see it progress and grow into a real business, past the start-up phase, then it certainly is.
No one knows exactly how the PPS will trade, though I do think making a sharp move up will be more difficult until uplisting - but dead money? that seems extreme to me.
Now if you sell because you expected a huge pop from the AFs, then that wouldn't be premature. In fact, it would be late.
But I speak from the perspective of a buy and hold and accumulate when possible investor, not a day-to-day or week-to-week trader.
Yeah, selling now would be a premature evacuation.
They have drugs for that I hear...
hehe
I agree, they have said several times that they would, and I believe they would like to as well.
A little bit at a time over time will go a long way in terms of shareholder support.
However; if they tell us it needs to be pushed back a quarter or two, with reasonable explaination, it won't be the end of the world.
Understandable. I expect some sort of buyback also - even if small - to occur now that the AF are complete.