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If we're talking sales REVENUE, then 2k MLB urns selling for $700 ea. is $1.4M.
If we're talking earnings and if we assume 20% gross profit (sales - cogs), then EARNINGS is $280K.
If we assume that operating expenses is $1.5M, then we're just $380K from breaking even....assuming that sales don't increase Q over Q.
So it is particularly important to figure out if they meant $200k in REVs or Earnings.
The PPS and the lack of volume reflects the uncertainty regarding the health or the company. Once we get more news, the PPS and volume will move...hopefully in the right direction. Not good if you're here to flip since you're stuck. heh.
Gross profit are somewhere between 20 and 30% of sales....
When/where was it that they provided the latest $200k figure? TIA.
I hope they misspoke and meant to say earnings and not revs....
Just confirming my numbers...the float, less the number coming from NAR's conversion is 131,031,153 (185,484,093 - 54,452,940) shares. That correct?
Per the PR on 1-15-08:
- Common Outstanding 224,428,012
- Restricted Common Shares 38,943,919
- Float 185,484,093
Per the SEC filing for the registration of shares being offered by NAR:
- Up to 54,452,940 shares of our common stock that are currently outstanding.
- Shares Outstanding 224,428,012 shares of common stock.
OK, then as I said, if they don't hit $250k in sales revs, that will be the end (for me) in my interest in EI.
Hmm...maybe I'm mistaken. Is the $250k earnings or revenue? I thought it was revenue, but if its earnings, than I would be very pleased.
Don't forget that during the Fox interview, he said they were clocking orders for 2000-2500 baseball urns during the 4th Q. The $250k estimate is a stinker, so if they fail to meet even that, I fear it is the end of EI as they will, at that point, be forced to use all stinky pinky tactics with abandon. IMHO.
That's an understatement.
So how are sales of those pet urns?
I doubt anyone would be displeased with a lower AS. I wholeheartedly agree that the company does not need 1.8B AS. While I am sympathetic with EI wanting to make sure funding is readily available, the implications for keeping the AS so high is negative.
Well, I think this board reflects investor sentiment fairly well. Until EI puts out more information, most are not interested in buying anymore. And so long as NAR decides not to destroy the PPS, no one else is interested in selling either. I would settle for the PPS staying at these levels until the uplist PR.
Speculating on NAR's next move,
- Destroy the PPS and pick up the mob panick shares at fire sale prices knowing that the uplist will result in an immediate pop and nice profits.
- Hold onto existing shares, wait for rise in PPS due to uplist PR, then a controlled dump followed by a mob exit panick dump.
Come on EI. You must have another meaty PR to put out....
I wonder how much it would cost for some product placement...Maybe they can have spock die again and put him into an ETNL casket or an urn.
How do you feel about the fact that NAR has approximately 100m free trading shares (~50 last year and 54m more after the conversion) and that they have more information than we do? Since we're all investors, shouldn't we all have the same information? Now, NAR has so much more leverage than the rest of us.
Any PR that shows selling of t-shares and diluting current OS is unnecessary will move the PPS up, imo. For example:
- EI secured a $1m line of credit with ___ bank.
- EI becomes profitable.
NAR is done and out there. We need people to want to eat up those shares whenever NAR unloads.
I hope EI isn't done with the post RS PRs. The only one of any significance, as far as supporting the PPS after the event, is the Remiere one, imo.
This board feels depressed today. The PRs EI had thought would satisfy the retail investors were obvioiusly not enough. I hope they have more ammo to shore up the PPS. I don't think the PPS goes up until we see financials and/or we get the uplist PR. I do however think that the PPS will fall unless more investors see a reason to think that ETNL is a good value at these levels.
Ditto. Could use a PR. Something, anything that either reduces our fears of dilution by the company or increases our confidence in teh company's success -- such as guidance ahead of earnings stating that the company had sales of $1.4m in the 4th Q. :O
The fair value that you see for a stock is not necessarily the value at which you might sell. Racer's statement is not black and white, imo.
I noticed that Racer never stated in that $0.50 was their target price. Another example of us seeing what we want to see.
Racer is the one that said he wouldn't sell until .50. Of course, he was NAR's investment advisor and NAR might have different plans.
Hate to say it, but the volume suggests to me that NAR is dumping again today.
God forbid their consultant is NAR.
I'm not arguing your logic. Just arguing that it's not fact until proven.
It's obvious you are just jumping into the middle of this conversation. Don't presume to know more about what is going on here than I or any other investor.
I didn't write the definition. That's the rules and you and I and everybody else has to play within them. You still haven't produced anything to back up your theory as to how EI put all those shares into the treasury.
What might help is if the company could give further guidance on sales last Q....IF the numbers are something to brag about.
You still don't understand. Treasury stock is not counted in OS. Geez. Where is your proof that what you describe happened can happen? I see that you keep sneaking around that!
I recommend that the mods make this message a permanent entry to the iBox as a constant reminder to EI management to treat the shareholders that made it possible for their success with utmost respect.
Now that I can post again, EI need only have bought back 1.38 bil shares pre-RS. I think this because I don't think t-shares are subject to the RS since they are not considered OS. If you have a credible resource stating otherwise, please share it.
Thanks for the correction. I have a problem with your first statement as well, though not as much as I do with your second one.
Yes, EI had to buy back 1.38B shares to put them into treasury. And I don't know that a company can put aside shares to put into the treasury. The definition of treasury stock is:
Treasury Stock (Treasury Shares)
Stock that has been repurchased by the issuing company. These shares don't pay dividends, have no voting rights, and should not be included in shares outstanding calculations.
Notes:
Treasury stock is created when a company does a share buyback and purchases its shares on the open market. This can be advantageous to shareholders because it lowers the number of shares outstanding. However, not all buybacks are a good thing. For example, if a company merely buys stock to improve financial ratios such as EPS or P/E, then the buyback is detrimental to the shareholders, and it is done without the shareholders' best interests in mind.
http://financial-dictionary.thefreedictionary.com/Treasury+Stock+(Treasury+Shares)
By this definition, neither of our theories apply. Back to square one. I've put in a lot of effort. Now its your turn. You still haven't brought anything to this conversation to prove your theory in any way. BTW, this is my last post today, so don't be celebrating victory just because I don't respond.
Your IMO was applied to how much you thought they bought back. You stated as fact that they put the difference between the reduced AS and OS into the treasury, which does not fit into the definition of treasury stock.
I don't know how it happened and I didn't want to speculate since there are a lot of holes in my theory as well. But since you asked, did you forget that Clint had 1.95B preferred shares? He could have sold those to EI for whatever amount he wanted to since they were given to him for nothning (though it was accounted for as $100k consulting fee). Don't bother poking holes into it since I already admitted it. My point is you shouldn't state things as factual that you can't prove are.
Your first statement, I have no problem with. Your second statement upsets me very much. You should not state it like its a fact, unless you can prove it.
My biggest mistake in interpreting EI data last year was to assume the obvious. We may not understand how EI "bought" the shares into the treasury, but that doesn't prove that they didn't. By all rules that I am familiar with, the number of shares in the treasury imply that EI did indeed buy those shares back.
I have been awaiting the filing of the uplisting. And they've followed through with that.
Prove it that that is what they did! Going by the formal definition of treasury stock, they bought back those 1.38B shares pre-RS.
I would prefer EI retire the treasury shares once they are out of the woods over them having to file a registration with the SEC to sell more shares into the market at a later time.
1. At least t-shares represent a possibility that EI may need to dilute. With a registration, it is guaranteed.
2. If EI does what you say and then needs to file to sell shares, they look incompetent. Do you think that the market will respect them then?
If you think long term, I think you'll see it my way.
Earn market respect? LOL. I'll stick to my theory of risk/return potential.
correction: 1 Billion * .03 = 30mil.
Anyone investing in pinkies should know that every decision is a gamble. The risk/reward is great at this PPS, imo, given what we know. Depends on what your threshold is. If you wait for more clarification, don't expect to make as much as those that get in here. Good luck.
The market is still trying to figure out what to think. I've decided and so have you, it seems. We'll see.