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Triten,
Are you saying that EESO has exceeded their projections?
Name a couple that they have beaten in the last 1.5 years as you claim if I am reading your post correctly.
Thanks.
Skymark is so useless they have obviously copies their Privacy and Disclaimer documents directly from Undervalued Equities as they forgot to change the name in the Privacy Disclosure.
Check it Out....how completely useless.
Hmmmmm.....sounds like soemthing that happened over at PGYC as well where the "buyer" was proven to have ripped the entire website from someone else.
How pathetic
Doebop,
Can I play too!!
I'll play along....
5,000,000,000 A/S
Lets go a bit further...
Assume it gets maxed and the O/S becomes 5 Billion
Lets also assume they miss their sales projections by 90% and only do $13,600,000 in 2009.
Lets also assume their profit is 10% instead of the expected 50+%.
Now you still have earnings of $1,360,000
That gives you an EPS of .000272
If we trade at a P/E of 10 then we're right back to $0.0027
Heck..... with a P/E of 5 we're back to .00135 cents...
Come on people.... which is more realistic.
That Doebop thinks this company will do 30% net margin on $68 million in sales when they only have one verifiably questionable contract for $12 million and WOWgreen or my thoughts that 10% margin on $14 million is much more likely.
The price is right if not a bit high right now considering there is little to no verifiable info out there.
Huh,
Balihi,
You just said the Jared's financials that he signed off on and presented to you and other shareholders is filled with:
inaccuracy and content not suffient enough to give any shareholder confidence
And you think this is a good thing?
Those financials are a pure work of fiction and I am betting that Jared will be hard pressed to find an audit firm that will give and unqualified opinion at any point in the future given that they need a verifiable starting point for all lines on the financials statement.
Jared just turned down an offer from the great Han Bool et al. Not sure they are going to want to do much business with him given that he told them he just "wants to be friends."
And frankly there is little to nothing to actually tell us how big or small Han Bool actually is.
kenny,
I think he said on CC that they were already in the market. Already sold while SH thoght there were still buyout negotiations ongoing.
I might be wrong on this though.
He has already said that dilution will be for covering the Accounts payable that are squeezing them right now. Not good dilution at all.
And if you think you will look at the financials and see $6 million in the bank account...hahahaha.
Not the audited ones at least...
No the concern is he said 3 weeks ago to make it sound recent because he had just gotten caught in the last few weeks.
He knew the reality was that they had been added mush earlier than that.
Do you think he could not remember when he gave family and friends half of the company?
Jared was saying 20 sales people each doing $1 million of pen sales in 2008. Not even close!
And din't someone say the other day that WOW had 1000 distributors according to their own website and not the 45,000 that people had been using as their basis for EESO sales.
Huge difference on that.
And I see that no one likes to comment on my prediction that 2 billion of the new shares are for Jared to convert his preferred and then sell those into the market for his own profit. The increase had little to do with the growth of the company. 1 billion of the shares are to keep it going utnil he can dump his 2 billion shares personally.
That's how I see it.
Here Balihi,
I have one for you to interpret through your rose colored glasses:
You want an outright LIE - tell me how on Dec 1 you can tell shareholders that "3 weeks or so" ago you issued some amount of shares that can be interpreted as no less than 450,000,000 based on the wording of the Letter to Shareholders on that date and then several months later when you publish your financials which Jared approved and trumpeted as good news it shows that the "or so" part puts the actual issuance as at least 8 weeks prior since his own figures show no shares issued in Q4. Wouldn't 7 weeks or so have been more accurate?
Was it just in Q4 that the transfer agent (now gagged) let someone know that the OS had gone up by 800,000,000 million shares in Q3? Jared refers to the rumours of a share issuance in his Dec 1 Letter and addresses it with what is now proven by his own statements and filings as incredibly inaccurate and misleading (read this as LIE).
He got caught around Dec 1 of issuing massive quantities of shares and then later forgot what he said in the past and now his story does not line up with what he has PRd and filed.
Or do you have a better explanation?
Not sure the industrial side will serve them taht well either as that woudl be who has alrready stiffed them from Q3 08.
And with turing down the Lee's )supposed) offer, I would not be too hopeful for the contracts they were supposed to be negotiating and already had.
How good is the $12 million contract now that the person who made the intros has been rejected.
IMO, one of the most roubling things that Jaed released recently is that his preferreds are convertible into common shares at 1000 to 1.
That means that Jared (preferred owners) own 2 billion common shares.
What did they pay for those preferreds? By my best guess, nothng other than vending in the formulas which THEY chose to value at $50,000 each - was there an independent valuation of them on the way in - doubtful. You as shareholders decided to gift Jared half of the company for his formulas which are not patented nor are they truly special IMO.
Of course Jared needed to raise the AS. There were no shares for him to convert his preferred into if he did not. Will they be restricted when he converts. No one knows and restriction in pinkie land might be counted in hours rather than months.
So, Jared has not taken a salary to this point. No big deal, either he had lots of cash going in or he has sold some shares or taken out cash for some part of the formulas.
AND he knows he has 2 billion shares (or whatever amount of the preferreds are his that he can dump inot the market for cash. AT .006 that is $12 million dollars in his pocket (and out of longs pockets) - none of that cash goes to the company it all goes to him.
Was teh 3 billion AS increase for the good of the company when likey only 1 billion is for the company and 2 billion is for Jared and the other pref holder (who may hold 1 preferred share but may be there to make it look like Jared does not own them all.)
Think about it...in my opinion this increase if primarily is for Jared and not the company.
Is that true.
So they can convert into 2 billion common at any point in time and be dumped by Jared for his own personal gain?
and if anyone believes he has not intention of converting...remember he did not intend to raise the AS.
Boombox,
You said:
re is not an increase in shares. its only been approved. those shares HAVE NOT been issued.
May I correct that as saying:
re is not an increase in shares. its only been approved. those shares HAD NOT been issued according to Jared (do you believe him or not) as of last night (but as of right now and in the next few days or weeks - who knows).
Ants - WOWGreen only has 1000 distributors - people on here were generating numbers based on 45,000 of them.
BIG DIFFERENCE if 1000 is the true number or even close to it. The McDonalds contract may actually have more revenue than WOWGreen (LOL).
No, Jared is working in the best interest of shareholders.
Preferred shareholders!
Cain,
Jareds letter to shareholders dated Dec 1 contained lies about timing of issued shares.
His unaudited financials that he put out a few months ago were filled with lies IMO since there were numbers that were obviously improperly rounded in them to even thousands of dollars to get them to add up.
And let's not even get into the fact that shareholders paid him millions of dollars for his secret formulas. These are not the KFC recipe or the Coke Formula - they are enzyme blends that are not that special.
Running out of posts for the day but feel free to go back through my posting history and look at some of the dissecting of the financials statements. I tried to ask sensible questions to point out inconsistencies a while ago.
Tony,
You will wait to get the word from Jared???
Is that because he has been the bastion of truth in this all along?
To those who think you can wait for a bounce or you may as well hold on and see what happens because you have lost most of your money - the next bounce may be from here to the grey sheets where 000's are pretty much a certainty.
JARED JUST BOUGHT A BRAND NEW MERCEDES. THAT MOFO DON'T NEED TO RAISE THE A/S.
Pure speculation on this but I have been asking one of you to find out what the conversion privileges of the Preferreds was all along as that line in the Financials kept heading way up. Would not surprise me if the increase in AS was so taht Jared could convert his preferreds at (let's say 1000 to 1) and then sell all those shares to you and walk away with quite a few Mercedes and then have the company declare Bankruptcy since they can not pay their invoices.
I am guessing that Bill White's new company will endup supplying WOWGreen by the end of this incestuous affair.
Jared said he wasn't going to increase the A/S?
He also said 136 million in sales in 2009. Believe that one as well?
Best thing that can happen here is to have this go to 0.0001 before he can get the added 3 billion shares into the float so he can only raise $300,000 with this. Justice would be served.
must have my chart upside down. Does not look like a bounce to me.
BK is very possible IMO if they have not collected any of their receivables yet and they are out of shares to print for cash.
Buyer then comes in and picks up the carcass - most likely Allie does this to secure his supply in the future and there is nothing left for common shareholders in this case.
Anyone have a current grasp on accounts receivable and accounts payable?
Okay Razor,
How much of the $9 million in sales had been collected by year end?
How much has been collected by now?
Simple questions that will show you your true margin. I challenge you to answer them.
Razor,
They can claim to have made money off that 9 million when I see the cash in the bank account from those who owe them that money - until then that $9 million was sold at a negative margin.
Most of it is over 90 days in arrears at end of December and given that Jared has said that they have been slow at collecting receivables, I believe that much of it is now 210 days in arrears. So what is your profit when you ship the product and eat the cost and then do not get paid????
Private label and licensing are not huge margin business. it takes alot of product to cover off the fixed costs. The first few million may be needed each month to cover fixed costs etc. They are nto sold at a loss, they are sold at a profit but that profit does not cover the fixed costs of running the business.
Razor,
If you believe a word of what is in those financials then the company is in even more trouble than you think.
How much of those millions of sales had actually given EESO their payments by the end of the year.
EESO shipped lots of product apparently and not one customer actually paid them. And the margin on that is what?
And the financials do not even add up at the end of the day....
Lots of discrepancies in them and lots of rounding in numbers that should not be rounded - those financials are pure fiction. Took me about 60 seconds to figure that out.
The deal is likely structured so that EESO will make good money when WOWGreen gets big but EESO has alot of fixed costs to cover so if WOW only does $1 million a month in licensing fees to EESO, the bottom line is not likely pretty.
If jared believed Allie when he said $1 billion in sales in 18 months and worked his numbers off of that - then the profit is not likely there at these lower numbers.
Shred,
EESO makes revenue. We have yet to see if Jared structured the deal properly to ensure that EESO makes a profit.
Given that it would be he and Allie in the room structuring the contract, I am guessing that Allie's business experience and acumen would win out.
Let's take a closer look at Intradevco: the company that was the lead in the Press Release.
Current sales are $40 million.
Total Products represented = 70.
Average sales per product = $570,000
Now you know that even if Jared got them to add all 12 of the EESO products AND they instantly achieved average status (being real generous on both counts) that means only $7 million extra sales at Intradevco so likely closer to $4 million at EESO and less than that if on a licensing agreement rather than a sales contract.
But, as Jared said (and I laughed when I read this part):
"The gentlemen met with a handful of companies that service a large portion of the South American marketplace. Included is Intradevco SA which is like, "The South American Proctor & Gamble," according to Hochstedler."
Ummm, no Jared, wouldn't P&G South America actually be the South American Proctor and Gamble? You know, the one whose peruvian operations alone did over $150 million in 2003.
To say that they met with the South American P&G is akin to saying that they went to Canada and met with a local burger joint and then PR that they met with the Canadian McDonalds. (But we will never see this in a PR from them as they already have that huge contract with McDonalds so no benefit in name-dropping that one anymore.)
These PRs continue to be amateurish and funny beyond belief - or at least my belief and are comic relief for me. And this board IMO continues to prove PT Barnum right!
Welcome back Leo...good to see you here even if you are licking wounds.
Nice to be able to watch and NOT worry.
Philnic451 - good work on getting some spies. My comments are in bold.
Ok, I have had a very busy day and I have employed the following people to help "spy" on EESO:
1) Kelli - she is a local girl scout who is going to go in there to sell cookies. The cookie boxes have cameras in them and should provide live footage inside the building once sold.
If Kelli is any good at selling cookies she may reach 136 milion before EESO does.
2) Tom - A homeless man who has agreed to relocate from under the Wells Street bridge to Hueganard Road for a case of whisky. He will attempt to count the number of employees who enter the building everyday. I bought him a calculator to help with his job.
When he finishes, could you have Tom leave the calculator for Jared so that his numbers might finally add up!
3) Fred the Farmer - Fred has pigs and he is going to collect their poooo and deposit it around the EESO building for the next couple of weeks until it stinks. Hopefully EESO will poor some enzymes on it and we can get free samples.
Will be interesting to see if the smell is more noticable than that already emanating from the PRs and CCs that have come from the EESO building.
4) Bob the tow truck driver. He is going to "accidently" tow away Jared's car and try to retrieve any important documents left in the vehicle.
Like his script from the last CC. "I do not have in front of me." - Repeat as often as necessary while Mark rustles paper near microphone to simulate bad connection.
5) Sherry the Travel Agent. She is going to track every plane ticket purchased by any EESO employee so that we can follow them to every country they go to verify these "phony trips" they have been talking about
Likely only tickets are to Area 51 in Nevada desert which still has stage set from phony moon walk - Jared could claim they have sold to every continent on earth and now are working on galactical green dominance. I suspect a PR quoting meeting with Man on the Moon in near future.
Inforcash,
Take a look at the financials that jared has provided and then tell us what button you are pushing.
I know which one I pushed after about 60 seconds of reading through them.
Need cash to do a stock buyback and the last financials show the company as being low on cash and the news on collecting receivables has not been good.
I am "astounded" that you are waiting. Does that mean I can go home?
That is a great question. The only way there can be a true bounce to this is if there are new buyers into the stock. So far what I see is alot of people who bought much higher averaging down and supporting it as best they can but the number of posts lately that say I am all in, etc suggest that the buying support may be absent no matter what the PRs say.
I think it more likely that there are market maker moves up that are brief and designed for the to unload what they bought earlier in the day.
Any move back up will depend on whether or not EESO can find a way to attract new investors into the company and I am thinking that few current shareholders are running out to tell their friends about this great ocmpany like they were a month or two ago.
I see this dwindling away for a while and then maybe another run closer to WOWGreen world launch as the distributors would make a great new set of shareholders if they are not already here.
NewEESOBeliever,
You say you do not see where he has lied that it is all just accusations.
What do you call saying on Dec 1, 2008 that you issued shares 3 weeks ago or so to various parties that would bring your OS to about 1.7 billion.
Then, in releasing your Financials Statements for the second half of 2008 (some time in early 2009) you show that as of September 30, 2008 you already had 1.7 billion shares OS.
Given that this date is 9 weeks prior to December 1 do you think that 3 weeks or so is as accurate as you would want your CEO to be or did he come up with that response as an answer to shareholders who just caught him increasing the OS 3 weeks or so ago at that time.
If not a LIE, what do you call this?
Oh, and there are far more "lies" and/or troubling truths in the financials from last year if you care to look at them.
Yes, and if it pops to $20.00 you make
$19,990,000 real fast.
Oh look, a monkey just flew out of my butt.
Even more reason to clam up and say that you either do not have that info in front of you or can not discuss it.
I think that Bubba may have a new girlfriend soon.
Agreed. Especially on the SEC part which would fluster most peole who thought that safe harbor etc would back them up in court and now think they may have crossed a line or two.
Safe harbor is only good if a reasonable person can be seen as drawing those conclusions from the facts and figures that are in front of them at that time.
IF Jared has been a little too wild and loose with his projections he is likely quite scared now and not willing to go on record with any projections.
So Drift,
You clearly believe that Jared lies to you and others about the O/S but still seem to trust him on the PRs and buyout etc....
Fool me once, shame on you.
Fool me twice, shame on me.
There are other proven lies in this one so the count is not one anymore. Check the Dec 1 letter to shareholders versus the timing of the actual release of shares. On dec 1 Jared said he released shares 3 weeks ago. In his financials that he sent out a few months later those shares were clearly in the O/S at least 9 weeks prior. Reality is that SH caught him releasing shares 3 weeks prior to Dec 1 but he had moved them to family and friends much earlier than that.
I think he cares about the preferred shareholders!
Common? Not so much.