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Agreed, I support the Company and think they will do the right thing...but I have stuck around for a long time and I support my money more. Its time to produce, lets get this buyout accepted on great terms.
Agree...while foward thinking is great in a company...there shoudl be a lot that has come to fruition based on previous PRs. Time to support those projections with closed deals or future projection will mean NOTHING.
Agree...they have to continue with getting things in order to be audited, but not releasing anything yet until the buyout situation is settled.
They are going to need to verify everything if the offers are rejected. They better be ready. I hope it does not get to that point though, I hope we accept a great offer.
if the company is not sold...the PPS will reflect current contacts not projected contracts. If they have not landed contacts that they said they were planning on getting it will stay low, if they have generated revenue the PPS will go up...its simple. If the Company is not sold the PPS will not adjust to what may happen in the future. Only the buyout offers will reflect that.
I am NOT talking about Jareds audit of the Company...the company making an offer is going to be doing their own independant audit to see if they offer price is appropiate and they should make a official offer on EESO.
As far as Jared auditing EESO, thats a different story...until he turn down the offers there is no real reason to have an audit, if they do turn down the offer then they need to gte audited financials out ASAP to regain trust. Bashers will tear this company apart if they turn down both offers.
I have to agree that they do lack communication skills even though I full heartedly am behind this and know it will be a success.
First, I agree we need more information, however we have to wait for the Company to do their due diligence on EESO. They need to have a planning meeting with their auditors determine a timeline and then they can comunicate to EESO when they will have an official offer by. I estyimate probably 30 days for the buyer's auditor to do a complete audit and issue and opinion on the value of EESO. Don't forget the offer from the second bidder was only given last week. They (the Bidder) are still in the planning phases of this whole process.
Once the official offer date is set, they need to commuicate that to us though. As far as Mark is concerned, I think he could have advised Jared to not put out a couple of PR's when they did, bad timing hurts the Company. Mark is the expert (or should be and has to give detail advice to Jared. We also have to remember though that Mark can only release the details that are given to him. If Jared is tight lipped on something Mark will not be able to release a meaty PR.
As far as Tuesday, Jared is going to continue to be tight lipped. IMO I don't think he will have any information by then, I think it is too soon.
Thanks...I dont know if it is DOW or someother company...but you cannot say it not if you have facts produce them. I believe it is a great offer though for them to wait on accepting the Lees *and others) offer.
No matter if it is DOW or another public US firm, they will use there auditing firm to help in the decision, at least I would asume so.
Does anyone know what public accounting firm audits DOW? They are the ones that would probably do an analysis and audit of EESO to determine if it is worth buying.
Yeah exactly the same unless I am missing something. I think it is interesting how they did this, seems like they want exposure in Canada for some reason. See below:
Canada PR 5/19/09
Enzyme Environmental Solutions, Inc. (PINKSHEETS: EESO) CEO Jared Hochstedler has been granted permission from prospective buyers to release pertinent information in regards to their offer.
This announcement is to summarize and confirm that the original buyout offer was negotiated by LMPC (Loss Prevention Management & Consulting corp.) CEO, Craig Douglass, acting as independent consultant on behalf of private acquisitions partners, Bo & Su Lee, in association with Han Bool Co., LTD, and a conglomerate of additional companies in Southeast Asia which have requested within the collective agreement to remain anonymous at this time. Any conflict of interest regarding Douglass' previous associations with both parties as a supporter was fully disclosed and accepted by all involved.
Bo & Su Lee are involved in projects around the world including their latest U.S. domestic real estate venture, The Star Towers (www.star-towers.com) in Atlanta, GA. The group's original offer to EESO was a complete buyout at .10 per share based on the company's 2,000,000,000 (2B) authorized common shares in the form of cash and stock totaling $200,000,000 (200M). The offer was turned down by CEO Hochstedler with confidence that the company, including its overall potential internationally, was worth significantly more. The prospective buyers agreed to respond with a counter-offer and have done so at a price that Hochstedler wishes to remain confidential at this time.
"This has been an interesting turn of events; and it has been exciting for us to say the least," comments Hochstedler. "The counter-offer is a cash and stock offer that is considerably more attractive than the group's first offer to us. This is a very positive step for EESO and its shareholders. I firmly believe that we have entered into a new stage of growth at Enzyme Environmental and we are not turning their counter-offer down, but we have requested more time on our decision due to a few notable factors: We've had an extensive increase in percentage of unsolicited inquiries and finalized sales in the licensing and private labeling arenas the last few months. Much of the credit for this goes to our new President, Mark Murphy, who has been very active in developing key marketing tools, industrial test kits and implementation of a branded sales force in both domestic and international sectors. In addition, our successes in South Korea, as evidenced by our recent buyout offer, have attracted an additional prospective offer from a globally recognized player in the Commodity Chemicals industry," comments Hochstedler. "It would be foolish not to take the time to evaluate this opportunity. It's not necessarily the size of the buyer that affects our decisions, but rather, exploring every option available to EESO and its shareholders prior to making any final verdict regarding a buyout of any kind, be it partial or complete."
The new prospective offer is pending the corporation's due diligence on Enzyme Environmental Solutions including its product and formula applications in terms of efficacy and marketability. Further, the corporation's pending offer is attached to a confidentiality clause which forbids the release of their name until, and only if, a formal offer is made.
The counter-offer from the Lee's, Han Bool and their affiliates is currently withstanding as-is and Hochstedler will continue "harvesting success in the midst of a situation that will certainly bring additional value to EESO and its shareholders," according to the CEO. "If, for any reason, the second party fails to come through with an offer in a reasonable amount of time, we will be disclosing details regarding the original party's counter-offer and making a decision therein before its expiration. We believe our overall strategy here inevitably puts EESO and its shareholders in a winning position in both the short and long-term."
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.
US Press Release 5/15/09
FORT WAYNE, IN--(Marketwire - May 15, 2009) - Enzyme Environmental Solutions, Inc. (PINKSHEETS: EESO) CEO Jared Hochstedler has been granted permission from prospective buyers to release pertinent information in regards to their offer.
This announcement is to summarize and confirm that the original buyout offer was negotiated by LMPC (Loss Prevention Management & Consulting corp.) CEO, Craig Douglass, acting as independent consultant on behalf of private acquisitions partners, Bo & Su Lee, in association with Han Bool Co., LTD, and a conglomerate of additional companies in Southeast Asia which have requested within the collective agreement to remain anonymous at this time. Any conflict of interest regarding Douglass' previous associations with both parties as a supporter was fully disclosed and accepted by all involved.
Bo & Su Lee are involved in projects around the world including their latest U.S. domestic real estate venture, The Star Towers (www.star-towers.com) in Atlanta, GA. The group's original offer to EESO was a complete buyout at .10 per share based on the company's 2,000,000,000 (2B) authorized common shares in the form of cash and stock totaling $200,000,000 (200M). The offer was turned down by CEO Hochstedler with confidence that the company, including its overall potential internationally, was worth significantly more. The prospective buyers agreed to respond with a counter-offer and have done so at a price that Hochstedler wishes to remain confidential at this time.
"This has been an interesting turn of events; and it has been exciting for us to say the least," comments Hochstedler. "The counter-offer is a cash and stock offer that is considerably more attractive than the group's first offer to us. This is a very positive step for EESO and its shareholders. I firmly believe that we have entered into a new stage of growth at Enzyme Environmental and we are not turning their counter-offer down, but we have requested more time on our decision due to a few notable factors: We've had an extensive increase in percentage of unsolicited inquiries and finalized sales in the licensing and private labeling arenas the last few months. Much of the credit for this goes to our new President, Mark Murphy, who has been very active in developing key marketing tools, industrial test kits and implementation of a branded sales force in both domestic and international sectors. In addition, our successes in South Korea, as evidenced by our recent buyout offer, have attracted an additional prospective offer from a globally recognized player in the Commodity Chemicals industry," comments Hochstedler. "It would be foolish not to take the time to evaluate this opportunity. It's not necessarily the size of the buyer that affects our decisions, but rather, exploring every option available to EESO and its shareholders prior to making any final verdict regarding a buyout of any kind, be it partial or complete."
The new prospective offer is pending the corporation's due diligence on Enzyme Environmental Solutions including its product and formula applications in terms of efficacy and marketability. Further, the corporation's pending offer is attached to a confidentiality clause which forbids the release of their name until, and only if, a formal offer is made.
The counter-offer from the Lee's, Han Bool and their affiliates is currently withstanding as-is and Hochstedler will continue "harvesting success in the midst of a situation that will certainly bring additional value to EESO and its shareholders," according to the CEO. "If, for any reason, the second party fails to come through with an offer in a reasonable amount of time, we will be disclosing details regarding the original party's counter-offer and making a decision therein before its expiration. We believe our overall strategy here inevitably puts EESO and its shareholders in a winning position in both the short and long-term."
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.
Its the same release...please explain...I just want to know your logic.
I agree, bashers and MM's are in control of this stock right now. Why would they re-release the same PR in Canada, are they trying to get more buyers involved. Interesting IMO.
Why Tuesday? This Tuesday or next?
Its the same PR
Where did you find this PR its not on Yahoo or Quotestream...please let me know.
How do you know that Kolon is a bidder...just looked at last PR.
The new prospective offer is pending the corporation's due diligence on Enzyme Environmental Solutions including its product and formula applications in terms of efficacy and marketability. Further, the corporation's pending offer is attached to a confidentiality clause which forbids the release of their name until, and only if, a formal offer is made.
This seems good but we have to wait for the formal 2nd offer. I hope they update us soon on the timeframe!
Good Luck to all the longs.
Stay stong everyone...this is NOT a scam!!! I think this is going to be very exciting...the only thing I wish they had done was put a time frame on how long they would wait for th other offer.
What longs are still here...lets speak up so people on this board know! I am hanging in!
Ok, not a scam, but should have given some wort of time period, very vague. They need to keep a cloase eye on this.
This will turn out to be good news, have fun bashers...in the end you will be proved wrong!
The name is huge, however a good buyout is a good buyout. I hope for the best! Just had to check in to see if anything happened. ok I am going to stop looking.
Good Luck to everyone...it's time!
Jared Please, thats all I have to say! Hopefully we have a good day.
Well, the day ended I held onto every share. Been here long lets all hope for good new tomorrow. Good luck to everyone tomorrow...don't know if I can watch. This has been a long year or so...I hope it pays off tomorrow. Good night everyone.
I am long and bought it down pretty low over a year ago, but I want to see this increase not go down to some of the low points.
I do not think I am going to watch...I think I will trow up if he rejects it and may pull the trigger and sell. I have been here for a long time, but one can only take so much.
To me we are stuck down low unless he sells the company or we move to a higher exchange. Staying on the pinks is a death sentence even though EESO deserves a he!! of a lot more.
Might be part of a buyout...he may keep the position as a VP of this department of the company that is buying EESO out.
I agree...I think it would have been better to not PR anything today than PR this Contact...at least until after he accepts or rejects the contract. Then he can start PR ing all contracts he has.
It is great don't get me wrong, but I think it was bad timing and bashers will use it to say he is pumping before he turns down a contract. Which is not true, just not needed.
He would kill it if he was lying...he is NOT and has NOT.
However, he has a big responcibility ahead of him to PR this ABSOLUTELY right if he decides to NOT accept the offer.
I know he has many Contracts that he has not told us about yet, I look forward to hearing details about them all. I think we have a gold mine here, however I don't understand why he would pick this one to PR today and especially the day before a possible buyout. Every contracts counts and I believe him when he says he has a lot that he will be releasing. This one seems small though to release now, why not one of the huge contracts?
I hope the offer is amazing and he accepts tomorrow. If they do not accept it, they will need to put out the most PERFECT PR ever. If they don’t the bashers are going to kill the PPS, and it will take for a little while. It will take a lot to bring the PPS back up. I believe in this Company and the PPS should be way higher, but they are a Pinky and will suffer the consequences of the stigma giving to Pinky companies. This is a huge test for EESO and Jared how they handle this if they turn it down.
I trust you Jared...just do this right for all the shareholders, please!
I think EESO should take the deal as long as it does not screw the shareholders over. The buyer should have to pay out each share not be able to do a r/s. The offer needs to be over 20 cents and I think that is reasonable.
http://finance.yahoo.com/news/Enzyme-Environmental-iw-15216479.html
Press Release Source: Enzyme Environmental Solutions, Inc.
Enzyme Environmental Solutions Promotes From Within to Facilitate Business Expansion
EESO Hires President to Work With Partners Internationally, Assemble Domestic Sales Force
On Tuesday May 12, 2009, 11:24 am EDT
Buzz up! Print.Related:Enzyme Environmental Solutions, Inc.
FORT WAYNE, IN--(MARKET WIRE)--May 12, 2009 -- Enzyme Environmental Solutions (Other OTC:EESO.PK - News) CEO, Jared Hochstedler, announced this morning that Mark Murphy, current VP of Operations, has been promoted to President of the company, effective immediately. "The promotion was inevitable," states Hochstedler, "Murph has proven himself an integral part of our success on all fronts of the business the past two months. His role with us has evolved beyond that which his formal title suggests and our accomplishments of late can be directly tied to his hard work and attention to detail."
Related Quotes
Symbol Price Change
EESO.PK 0.0155 -0.0023
{"s" : "eeso.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Mark Murphy has spent the last two months streamlining operations with EESO's exclusive retail partner, evaluating plant operations and laying the foundation for a larger domestic sales team on the commercial/industrial side. In addition, he's maximizing potential in the international arena with the development of robust marketing materials and industrial test kits featuring various formula applications for potential and existing customers. The company's new President commented today on implementation of the domestic sales team: "EESO is in the process of adding 18 new independent distributors in 11 states to market the commercial products and formula applications in the agriculture, manufacturing, food service, medical, oil and municipal sectors."
Murphy is currently seeking a qualified candidate for VP of Sales who can lead that team as he takes on more responsibility in expanding the company's workforce and overall capabilities. "I am both excited and grateful for this new opportunity. EESO is uniquely poised to make a significant impact in the universal cause to help our country and the world become a safer, cleaner place for our children to live. We receive inquiries almost daily from people who have a new application idea for our products, want to help market our product or want to use our product in the manufacture of their products. It is truly exciting to a part of something that has so much interest, momentum and potential."
Hochstedler went on to say, "Murph has been a great addition to our company and will do a great job handling all day-to-day operations. This will allow me to spend more time developing new applications as well as new clients both domestically and internationally. Next week I will be traveling to Peru to meet with many new potential customers. We also have a pending buyout which needs my significant attention in regards to decisions I need to make in the best interest of our company. It has been my passion from the ground up to build an enterprise strong in EESO, and reward its shareholders as we move forth, one way or the other. I couldn't do this without a capable partner like Mark Murphy accompanying me at the helm." The company will be updating shareholders with details on the prospective buyout this Friday, May 15th.
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.
thats a good point
Hey Million...anyword on which way the news will go?
Anyone have a link for that story?
really? what is your source?
Do your sourses say whether it is accepted or not accepted??? Hoping my long term dedication to EESO will pay off.
what setting would you say are wring and happens on multiple computers...that is not good if this is even happening to 25% of the customers.
can you tell me why the changes to their website do not show up until I clear my cookies and internet files. for example i changed the greeting on my distributor contact page and not until i cleared the internet data did the changes appear. is this a programming error.
WRONG go to the site you just gave me but clear your cookies and everything else first then click on retail shoppers shop here...it show wholesale and retail prices now...again does not make sense...this change happened today...
in addition why do you need to clear internet data to see changes to their site, do they need to change something?