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I just read this on another message board and it make plenty of sense.
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Not surprising at all. Management just does not take reporting seriously. Why would any investor take this stock seriously ?
With the stock price on a continual downward spiral and the termination of the loan app this can only play out one of two ways.....
1. R/S coming up so Clint and Clan can go back to the public well.
2. Can't be mommie but probably daddy or a sibling will setup a private company in this industry. Eternal Image will sell what minor assets actually exist to the family entity for pennies on the dollar (remember they have voting control).
After the smoke clears the company will be private and the stockholders will be left holding an empty bag. Any company that has actual sales with a pps this low is a prime candidate for this game.
All this is perfectly legal and there is nothing the stock holders can do.
This has played out thousands of time in the public market space and when the $'s needed are this ridiculously low it becomes irresistible
My math isn't as good has it use to be. Sorry
IT'S ALREADY BEING DONE.
So when is that R/S going to take place? Or are they waiting to do some more pump and dump before doing one?
Let's talk about the R/S for a minute. Let's also talk about someone that had 10,000,000 shares before they did the last one, and see what it's real value is after this next R/S.
10,000,000 x .0016 = $16,000 Before the last R/S
500,000 shares x .032 = $16,000 After the last R/S.
500,000 shares x .0006 = $300.00 Before this R/S.
25,000 shares x .012 = $300.00 After the latest R/S.
IF I'M CORRECT THAT'S A 81.25% DECREASE IN STOCK VALUE.
THE OFFICER'S DIDN'T LOSE ANY SHARES OR MONEY ON THE LAST ONE. YET THEY DIDN'T MIND THE SHAREHOLDERS BAREING THE PAIN AND LOSS.
And they will, they did it after the last R/S. The shareholders lost shares last time, the officers didn't. They just print up more and give it to themselves.
Totally Criminal to say the least. Don't you remember someone saying that the Officers were not selling during this time, there was no Form 4's files. I can totally undersand, they saved the form 4's from the past 6 months and files them on 12/02/2010 all together.
SURE THEY DID.
Nick sold OR gifted $55,837.00 BETWEEN 06/22/2101 AND 8/18/2010
And this was all on the same form 4 dated 12/2/2010.
I thought they only had 2 days after the sale (Transactions) to report these sales.
Clint sold $41,000.00 worth between 8/31/2010 and 10/29/2010
Donna sold $11,773.00 worth on 11/08/2010
AMAZING......
This is totally Criminal. EI's Officers selling shares almost 6 mths. ago.
This is a ATM machine working at it's best.
And some still believe's in them.
Donna form 4:
http://ih.advfn.com/p.php?pid=nmona&article=45497307
Clints:
http://ih.advfn.com/p.php?pid=nmona&article=45497281
NICK:
http://ih.advfn.com/p.php?pid=nmona&article=45497168
And more Nick's:
http://ih.advfn.com/p.php?pid=nmona&article=45496056
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The officers voted and decided to do a R/S on Nov 8th. And then they sold shares the same day.
Here's Donna's form 4, stating she sold Nov. 8th
http://ih.advfn.com/p.php?pid=nmona&article=45497307
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This Notice and the accompanying Information Statement are being furnished to the stockholders of Eternal Image, Inc., a Delaware corporation (the “Company”), in connection with action taken by the holders of a majority of the issued and outstanding voting securities of the Company, approving, by written consent dated November 8, 2010
Just nibble and you'll be alright. That's according to some.
4,000,000 for 2011, according to the EI. Another projection. I thought EI didn't make any more. Remember the other ones. 3.2 million in 2007 and within 3-4 years 20-30 million. This is 2010 almost 2011 and they haven't got the 20-30.
This is just another pump job by maangement to sucker more investors in.
"This event is one that took us by surprise but was also one that was needed to keep the company from failing."
So I guess the Officers dumping all those shares didn't mean a thing before they anounced the R/S.
The only reasom the company is in the shape it is in is becaue of their lack of mangement skills and their greed for money.
This company continue's to scam people and I see that it will continue as people are fooled by their actions.
There will be several. EI is good at fooling some people.
" Following this split, we can support a 10 cent share price with annual sales around $4 million."
Where's the 4 million comin from. The sale of stock?
And there's plenty of reasons for this too. If anyone buys into their BS, they need help.
Maybe the KISS thing had more meaning to it.
Kiss your a _ _ es goodby.
EI "Thanks for the money"
True, but I hated for you all to lose money too.
Include me in that too NH, I've been telling them for a long time.
Sounds like there could be charges filed against them.
So true. They all need to go to jail.
Oh how well that works out. Trust the company and believe everything they say.
Donna:
http://www.sec.gov/Archives/edgar/data/868756/000105291810000426/xslF345X03/primary_doc.xml
Clint:
http://www.sec.gov/Archives/edgar/data/868756/000105291810000425/xslF345X03/primary_doc.xml
Nick:
http://www.sec.gov/Archives/edgar/data/868756/000105291810000423/xslF345X03/primary_doc.xml
Nick:
http://www.sec.gov/Archives/edgar/data/868756/000105291810000422/xslF345X03/primary_doc.xml
We tried to warn everyone, but some didn't listen. Good Job Clint and all of his supporters. I'd be totally ashamed. This is the reason I quit being a Mod.
Criminal to say the least. The SEC should lock them all up.
We'll actually I believe in certain posters that bring up real facts about EI then what the company tells us. They have a better track history.
They pretty much have figured EI out to the tee. Thanks for sharing that DD. I hope it gives some of these new potential investor's a heads up or gives them more of a motive to do more DD on their own.
If one was to research EI past, they will come to the same conclusions.
If emerald was mentioned in a filing of EI's, then it's totally on topic. Anything about this company is. To say anything differant is totally an abuse of power and is going to be reported to IHUB.
"I'm curious to know what some of the other truthers think about the recent pump PRs."
It seems busniess as usual to me.
It really doesn't matter what us truthers think, it actually matters what the Investment Community thinks and by the way the PPS and the amouunt of Volume of shares traded are today, it doesn't look good. They are quit aware of EI's Pumps and Dumps. Over 4,500,000 share sold yesterday at .0008.
To much to lose with this scam.
Some have more money to lose then others. Go for it.
LMAO
You would think if this news was so great more people would be buying then selling.
Looks to me like a lot of dumpage going on
0.0008 445000 OTO 14:25:38
0.0008 490000 OTO 14:25:38
0.0008 750000 OTO 14:25:29
0.0008 1000000 OTO 14:24:11
0.0008 16000 OTO 14:24:02
0.0008 5000 OTO 14:23:48
0.0008 5000 OTO 14:23:47
0.0008 5000 OTO 14:23:46
0.0008 5000 OTO 14:23:45
0.0008 5000 OTO 14:23:44
0.0008 5000 OTO 14:23:42
0.0008 1000000 OTO 14:23:41
0.0008 1000000 OTO 14:23:41
4,731,000 SHARES SOLD AT .0008
I WONDER WHY
"I guess it can also be said that the LOC debacle was a pump job and the truthers where correct in their assessment."
SEEMS TO ME, WE'RE MORE RIGHT THEN WRONG.
"Since the New World Gift Company was only established in June of 2010, the following comparative period information does not include information about the new division. As of September 30, 2010, there have been no sales, no revenues, and total operating and administrative expenses of $3,771 (net loss).
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IS THIS KISS THING GOING TO PRODUCE OF THE SAME AMOUNT AND COST US MORE MONEY?
LIKE REMEIRE (OVER SEAS COMPANY). AI WASTED VENTURE
THE ONLINE GIFT SHOP (DIDN'T PAN OUT)
DAVID THE SALESMAN (WAS CALLED TO ACTIVE DUTY AND DIDN'T WORK OUT)
THE BUY BACK OF SHARES (NEVER HAPPENED)
I THINK WHO EVER IS ADVISING THEM NEEDS TO BE FIRED.
It seems by the way of the amount of share Volume(Volume: 1,627,500 ) being traded today since the PR. The news of having a Licensing agreement with KISS is far from being good.
It seems that the investment community doesn't see this as anything but FLUFF.
Now if EI had PR'd a Licensing Agreement with the NFL, then maybe it would make a differance.
The Investment Community is fed up with EI'S lack of business skills and management's direction.
They just wasted money on this PR.
"make us money"
So when did they start sending out Dividend checks. I haven't ever received one.
You mean making them money.
Why wouldn't they tell you? I thought they were very open to their shareholders.
Why does this not surprice me.
Their going to rock all the way down to the grave.
I can't believe this company. The shareholders want Eternal Image to make logical business dissions and they come up with S _ _ t like this.
Do you remember when EI had a online gift shop and they were selling Scull rings.
So I guess this shouldn't surprice anyone.