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Hi Guys,Just got home.Buyout news.Now that is interesting for sure.I noticed the pr stated it would be good for shareholders.Any thoughts??
Enzyme Environmental Solutions Receives Letter of Intent for Buyout
FORT WAYNE, IN -- (Marketwire) -- 03/20/09 -- The promise of news from South Korea has attracted positive attention to Enzyme Environmental Solutions (PINKSHEETS: EESO) as of late for its products and formulas, including the food and garbage applications inherent to the FG-500. One company has taken particular interest in EESO and came to CEO Jared Hochstedler recently with an offer to purchase the company in its entirety.
One week ago today, the prospective buyer deposited approximately 1% of the total purchase price offered into ESCROW as a sign of its good faith to follow through should Hochstedler accept the offer. On the flip side, the buyer requested that EESO release at least 300 Million of its remaining shares on a restricted basis as part of the overall exchange should both parties come to a mutual agreement; So far so good according to Hochstedler, "The buyer -- who we can't name just yet due to confines of our negotiations -- has taken particular interest in our industrial applications and is positioned very well internationally. I think it (the acquisition) could be a win-win for our prospective buyer and EESO shareholders... Further, as far as the shares are concerned, that puts us at about full capacity as we have 2 billion shares authorized... that said, due to recent occurrences with two different transfer agents, I feel it's in the company's, and its shareholders, best interest, to restrict our TA from releasing any share information at this time. Any due diligence can be done by interested parties through the Nevada Secretary of State website or office as this is a delicate negotiation and one I plan to see through to everyone's benefit; not one that during I can subject the company or its share price to with unnecessary volatility."
The buyer, a U.S. domiciled entity with an interest in progressive green technology, feels the timing is right for this deal, as its principal officer states, "I feel that Enzyme Environmental Solutions is on the cusp of an ever-progressing movement in a world where everyone is going green and carbon credits, not oil, are the new hot-topic commodity talk. It's a sign of the times and these formulas and their applications are effective and efficient. With their (EESO) agreements already in place and the interest from South Korea and even U.S. domestic hog farmers, etc., I think the time is right for a mutually attractive transaction in which we can continue to take this company to the next level."
Details to come on the progress of the negotiations. In the meantime, Hochstedler and staff are organizing notes from the recent South Korea trip for further company updates within the next few days.
Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
Contact:
Newbauer Media Relations
Email: mark@enzymeconsultants.com
I am with you maine.Resistence is right where we are at and then .025/.03 technically.Signed contracts then??Villanova guy here.Early scare tonight.Your Uconn looks good to at least the elite 8.Bob :))
Don't know which way she goes right now.You know when they mention BK(not the burgers)lol they swing.Bob :))
Yes Million,I am a little pre-occupied with March Madness this time of year.Shows how much I am worried about anything with eeso.lol Bob :))
On watch(trade/bounce)Eddie Bauer ebhi:http://www.dailyfinance.com/2009/03/19/eddie-bauer-flirts-with-bankruptcy-without-new-debt-deal/
On watch(trade):Eddie Bauer EBHI.http://www.dailyfinance.com/2009/03/19/eddie-bauer-flirts-with-bankruptcy-without-new-debt-deal/
Impressed eom.Bob :))
Correct Maui,Everyone needs something.The deal makers would not want shares for the future if we were not the real deal.All any investor has to ask themselves is why would they want shares(most likley restricted)if they did not see future value.Thats about it.Bob :))
Congrats Skill,Never ceases to amaze me how people/investors fail see a company being born.Too much reading boards.Lottery tickets are the only way to get rich overnight and we know the odds of that.Buy low and hold in companies that might have a future.I saw might because in the last few years many so called excellent investments on the big boards by so called excellent analysts cost good people millions.Happy here and letting it play out.Bob :))
Thats funny Ion,Similar too 24.lol Bob :))
My thoughts exactly maine man.
You mean the same old dribble that has been beaten to death a zillion times.Thanks Bob :))
I was on the road today and just got in.Was that .0105 print real or a bad print?Congrats to anyone who picked up any down their.Don't feel like reading all the posts.I have the people market that make sense(LOL)Closed fine.Thanks Bob :))
I am with you on that Quinn.Bob :))
Yes we are and the shift was a very intelligent move.To break into the big chains shelf space is costly.The big boys pay a lot of $$$ to have those prime spots.The competition is fierce and changes constantly.Even if you got the shelf space for a few months.It does not guarantee we would be able to keep it.Our current marketing strategies with wowgreen/governments will be much more stable for revenues now and looking forward.Bob :))
Hey Million,Looks like everything is going well over in South Korea based on the Th3 post.Very Good.Bob :))Making this brief. Having technical difficulties posting. Somehow this one worked!
Test results BLEW AWAY EVERYONE!! The officials were wowed by EESO's hog odour remediation product!!! The farmer was blow away! The Lees loved it! This is going to rock the EAST!!!!!! An effective, affordable solution to their massive problem over here. And we're invested in the company that has that solution. Don't let ANYONE tell you EESO is anything but solid, ground-breaking and a gold mine. I'm thrilled to have been a part of all of this!! And Jared and ABCDEFG are the ones to take this thing forward into this exciting territory!
Sorry I can't give a lot of detail now but we're here and it's happening here -- what an experience to witness all of this first hand. I was excited before, but I am ELATED now! This company is going to ROCK soon, guys!!!
Did I mention that yesterday's results were FREAKING AWESOME!! It was unbelievable what power the enzymes had in such a short time.
Jared and ABCDEFG are in a meeting with the Lees right now. They are being very careful about what I hear and what I cannot hear. When sensitive info needs to be discussed, I am elsewhere, true to their promise.
We have to head back to the hog farm in the next few minutes. We will be checking odour levels since yesterday's enzyme application and these should have dropped even further since yesterday.
Take care and thanks for the messages,everyone. Just wish I could respond. I have a ton of pictures but have to reduce file size to upload. The delay will be worth the wait, I promise!!
Cheers,
Thurston.
You got me,Have a Great week.
Good night Irene~
Sissellza,Try Old forge pizza lol Bob :))
Nice nite.Bob:))
Same here:The Kinks~Lola~
I have to get you up to Scranton next year for the party.
We are close in age.Break time for me(hehe).Be back.You could go to sleep.Theirs always another day.
That is toooo funny.Night. Bob :)))
You are sleepy.Watch my pendulum go back and forth.Goodnight
AC/DC~Back in Black~
Go to bed Brad.Call it a night.lol Bob :))
I see your Irish eyes are shining.
Go to bed.I want to be the last one standing.My Irish necklaces only last so long.Lol
Stop it.You are posting mt kryptonite.
LOL.Hick
LOL,Just saw some idiot driving down the road with his door open.Crazy times.Bob :))
Hey light,Been running for 2 days straight with my biz and all the Irish celebration in my area today.Close to sleep but I love music.No,I really love music except country.lol Bob :))
Night,INXS~Mystify~
REO~Time for me to fly~
Now thats one I wouldn't think of.
REO Speedwagon~Time for me to fly~
Amen never got the airplay for obvious reasons.Politics and the big news stations show the public what they want.
Not one of my favorites.Sorry.Try this Kid Rock~Amen~
Irish is Irish and thats about it.