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I thought the ebay information came out after the 3rd quarter (9/30).
Mid,
How do you come up with PM line being on the market for "four" years? Regardless of what EI has claimed over the past 4 years...wasn't the PM line in a development stage until a few months ago? Won't the 3rd quarter 10Q be the first full quarter of PM caskets.
As for e-bay, most of the products (except AKC) looked very unfinished to me. You can't compare the sale of unfinished products on ebay with sales of finished products in funeral industry catalogues and showrooms. Give me a break!
I have taken care of a couple of funerals and trusts in my family. I never once, and doubt I ever will look for the burial products on E-bay or at Walmart. Maybe others would, but not me.
Funny to read how many people once thought branded products in the funeral industry were an incredible idea and now believe it's not. I believe this idea is the still wave of the future. But it will take time for the industry to change. My wife wants a Louis Vitton liner...even though she's only owned knock-off's...LMAO
Inexperienced management has made MANY mistakes that have held the company back and it is at a very pivotal survival point IMO. I still think they have a shot at pulling it off for the very reason that some think it will fail. They are a design and consulting firm now that has been accepted into the mainstream funeral industry.
EI can get "lean and mean" IF they choose... i.e. cut the cars and the bonuses out. If management still believes in the idea and I think they do...they will focus on expanding their sku's to increase sales. Who cares if they have 1 sku that sells 1000 units, or 1000 sku's that sells 1 unit. EI's expertise has to be with designing products and maintaining "good" licenses now. They just re-signed PM which adds credibility. Vatican...oh well!
EI has shown they can put a high end "major" licensed product on the market...Can anyone posting, bashing, moping here claim that? And yes EI DOES have sales, although not profitable yet. I think most people are posting here because they are still looking for an opportunity to make some money on this...right? Or maybe just here to "kick a dead horse while it's down"???
GLTY...I have a bid in again!
You be the judge. Which collegiate line looks better?
Eternal Image: http://www.cremationurnsdirect.com/?page=caskets
Closest Competition: http://www.collegiatememorials.net/airforce.html
Gator, thanks for posting those numbers. I think it is a good thing that "cost" as a percentage of revenue went down from 76% to 38%. And...Profit as a percentage of revenue increased from 23% to 63%. I guess it all depends on how one "wants" to look at things.
I am disappointed that total revenue declined during that same quarter. But the sku#'s from the original licenses has generally been expanding, except for Vatican. It's been announced that new licenses are forthcoming. PM sales won't show up until 3rd or 4th quarter. More sku#'s and new licenses will hopefully increase revenue as the company moves forward. Time will tell.
As long as they remain OTCBB and fully reporting I am keeping a close eye on this one. I think the pps is primarily down here right now because of the "debt to equity" conversion that took place in Feb/Mar 2009. Many, many millions of shares were given at a value of .002 pps and it drove a lot of investors away. Six months later in Aug/Sept these debt to equity shares start hitting the market. Hasn't been enough volume lately to get over that hump IMO.
A spark could set it off. I'm with Lurker on ETNL...nibbled warily at .004 Want to see what is going on with the "game changer", financing and the product line!! What's the hold up Clint? Stop dangling the carrot in front of my nose and give me something I can sink my teeth into already.
Thanks for providing the correct link. If this is "The" competition I'm not impressed. Website sucks and most pages are "under construction".
They show three ugly wooden urns at comparably high pricing IMO. Caskets look "plain jane" with a logo on the lid lining. Inferior quality IMO.
Very limited product offering for 10 years in business although website says they are "adding new licenses daily"??? What's up with that?
Comparing this company to EI is like comparing a vending machine to a restaurant.
Gator...How do you figure that wwww.collegiatememorials.com is an 8 year company in competition with EI?
This website it is nothing more than a domain name that someone registered and has put up for sale. It is plastered with ads and links to other sites.
.
Mid,
Some people may "shop" for this stuff and EI's products have an artistic flair that some might buy just for the sake of having. But I don't think that is the normal circumstance. I went through this "ordering" experience with both my mother and my grandmother over the past few years.
In my grandmother's case she had prepaid for everything years ago which included the plot and casket. We were shown several caskets in the "grade" (for lack of a better term) that she had prepaid for. We were offered the opportunity to select from that category or to pay more and upgade to a higher category.
In my mother's case nothing had been arranged ahead of time. She was diagnosed with pancreatic cancer and passed away 30 days later. My brother and I handled everything because my mother was living alone. We viewed it as an opportunity to celebrate her 62 years and also an opportunity to show our respect for the unconditional love that she had given us our entire lives. It was entirely paid for with insurance and inheritance.
I will tell you this...the cost of my mother's funeral WAS NOT an issue. I know this is not going to be the case for everyone, but I am sure there are many many millions more out there like me. Time will tell.
Nice day all!
Congrats on your...ahem, promotion Basser. I haven't posted much because I got tired of all the trash talk. But I'm still holding shares waiting for this idea to grow legs and run.
As for the part about the doors not opening...It would be pretty stupid to say your product will work in a kitchen if the "doors don't open"...don't you think?
From the 2008 10-K...
This increase in loss was primarily related to an increase in Stock based Compensation of $3,675,500 related to compensation to officers, conversion of Notes payable and conversion of certain accounts payable and an increase of $715,606 in Consulting Fees and Commissions related to the Company’s SEC filings.
------------------------------------------------------
Note: The stock compensation is for the most part still in the form of shares that are worth far less now than what was stated in the 10-K.
Where did you find that the cost for ETNL to uplist was $50k?
That probably explains why I keep losing money...LOL..thanks.
Amount might be wrong but the point is the same.
I don't think the stock price is being manipulated that much. MM's can be a pain in the a$$, but I think this is more of correction from the stock being promoted, followed by good PR's leading into a conference call. The pps skyrocketed 1500%+ in a few days. Impressive to watch, but too much, too fast! Five minutes into the converence call the pps tanked, bounced back and has been trending down since then until it finds equilibrium again. More substantial news will take it back up. i.e. WalMart
There is a lot of volume trading on this stock so I don't think that these bigger transfers of shares are impacting pps that much. Most of those seem to be independent of the market trading. I think the slide has more to do with profit taking from shareholders with a green +1500% on their account. So far everyone seems willing to hold at .013.
If people don't get to greedy I think .013 could hold. And I agree, there are more good runs probable and if the .02 wall falls, who knows what is next. But I am keeping in mind that peeps who bought $10k of EXPH at .001 and held would have $5m at .05. In today's economy if I turned $10k into $5m on a pink stock I would be out and if the price went back down I might think about throwing another $10k at it.
Go back and read the message string one more time.
I was specifically referring to the information in yesterday's 10-Q. Since it was announced yesterday I don't really see what it has to do with trading over the the past month. I think the pps fall you are talking about is more connected with the announcement that our transfer agent is self-gagged for all stocks, lack of PR's and that awful 10-K. (By the way, I think they need to change TA's!)
I was referring to the market response today versus yesterday when the 10-Q was released. ETNL did not crash down to .003 as forecast yesterday. In fact it was up 1% for the day...until the last minute bidwhack. That is what I meant by the Market not seeming to mind it that much. Did you see something different with today's trading?
Don't get me wrong...I don't favor dilution and we have paid dearly for that. But the 10-K and 1st quarter 10-Q very clearly shouted out, "We are low on cash!". It also said they would tap the treasury and/or a get line of credit to get through this period of time. If I was that worried they were going to dilute this past quarter I would have sold it all the day after the first quarter 10-Q and the 10-K came out.
How did YOU think they were going to pay the bills last quarter? What do you think their options were...sell shares, line of credit, fold up the tent? I think they can trim much more from the operating budget, and I am growing frustrated with the delays in getting the revenue stream up and going. Then maybe less shares would have been needed in Q-2.
I'm expecting more shares to be sold in Q-3 unless they have secured an awesome LOC already and just didn't tell us yet.
P.S. I also think they need professional help with running a publicly traded company.
Huge dump...LOL That sale barely generated enough cash to make my mortgage payment for this month. Wow!
Some would like to have it both ways. Will point out over and over again a $4m loss in 2008 connected to shares issued to officers. Then bash the officers for issuing themselves the shares...OK, I get that when the company has struggled.
But the rest of the truth is that it was a paper loss and the vast majority of those shares are still in the hands of the officers today. As the officers held those shares they have watched them drop in value by 400% just like the rest of us.
Oh I forgot, to mention EI can R/S us, issue themselves more shares and start over. Now we have moved from half truths to out and out speculation. All spoken in the name of "balance". BS IMO.
Right...they gave themselves 144m shares in the company...and for the most part they have held those shares.
Then they purposefully trashed the company and drove the pps down 500% so they can make those shares worthless. Come on...What else have you got? You are wearing out that soap box. LOL
BTW...We do agree that management has made a mess out of things over the last year. I'm waiting to see if they can clean it up.
DO NOT TELL ME WHAT I MEAN BY MY POSTS
Lurker, I think you are right. EI handled this 10-Q and investor update much better than some previous.
The line about the company doing a good enough job hurting the pps is old and weak. You just pointed out in your previous post that people consider the discussions here when making purchases. I believe you are correct.
You pointed out and complained about what you call pumpers encouraging people to buy. Are you saying there are no bashers here encouraging people to sell?
When someone comes here claiming to provide needed balance to the discussion it is total BS most of the time. The company has certainly provided ammo for the downward pps. The bashers make it even worse IMO. That's all I'm saying.
You can't have it both ways. Either pumping and bashing affect the pps or they don't affect the pps. Which is it?
I don't know why people were so surprised by some dilution in this 10-Q. The 10-K and 10-Q said they would need to tap the treasury while the line of credit was being secured.
Not that I like it, but it was not unexpected and seems somewhat inconsequential to me when looking at the "bigger" picture of overall revenue and expense. I would rather EI go ahead and issue $30k worth of shares than borrow another $30k with 300% toxic financing.
The market doesn't seem to be troubled by this amount of dilution with this company. Down 3% on a Friday. Yesterday peeps were predicting air drops down to .003. Market has been open 5 hours. Where is the mass exodus? I think the weak stomachs cashed out and left already.
You forgot to mention the bashers that also use this Board here to serve their own selfish purposes.
Yes, it was paid off in March with restricted shares at a value of .012. Six months restriction ends next month. Waterloo is down 60% right now if you want to call that "paid off"
I think they are partnering up. Wait and see if PR's don't roll out in September and the price pushes back up to .0125 so Waterloo can actually be "paid off".
Would you have given a $50k loan at 0% and converted that to restricted shares given the circumstances last March if you weren't in bed with the borrower in some way.
I still have my long shares for now. I'm not adding more long shares until I am certain the company can dig out of it's current debt without going BK or R/S on my butt. EI execs lived high on the hog before the cake was fully baked. They are paying for it now. It should have been the other way around. I'm holding out hope. I still think EI has a good idea that will permeate the funeral industry far and wide over the next 20 years.
If I had another $1000 I could see buying some flipping shares of ETNL right now. I have done enough DD on the company I would be willing to take that risk. Problem is a lot more people are playing that game right now.
I think there are some good pps runs left and it doesn't take much for pps to double or triple from here.
Enjoy the weekend RJ!
Yes, the "Game Changer"...I'm holding on for that one too. Although I must admit the words "Game Changer" are both exciting and scary at the same time for some crazy reason...LOL
I am only suspecting it involves Waterloo because of their $50k (0%) loan to EI in mid December 2008. An industry palyer doesn't give EI a $50k loan at 0% interest if something isn't cooking in the kitchen IMO. EI says they have been working on this game changer since the start of 2009...hmmmm
So if you like to speculate...what kind of arrangement could EI make with Waterloo that will benefit us as investors? That is what has been going through my mind.
Wouldn't you expect flipping to taper off as pps goes up?
Seems like the career stock flippers would prefer to operate down around the penny and sub penny range where 25% to 50% swings in one day are not uncommon. They will have to hold the stock much longer to make the same profits as the pps ticks up.
But the last few days isn't all flipping IMO...some flipping, some selling, some profit taking, some pps correction...
Someone was smart enough to buy a million shares today. All those that have been holding out for .003 are going to miss out IMO.
The 10-K and ongoing quiet period shook most loose that were going to bail. This 10-Q did not contain surprises although I was disappointed with the total revenue figures for Q-2.
The tires are going to fall off if revenue does not start to show sustained steady growth that can attract decent financing. I am afraid to see what a LOC would look like with the current financials.
I think the pps is still correcting from the hysteria and hype leading up to that last conference call. That was a major momo driven P&D if there ever was one.
So you have a ton of people that traded EXPH shares at .002 or lower for a year and are suddenly up 1000% plus in a matter of days. They can start selling a portion of those shares to recoup their original investment and end up with essentially what are "free" shares for the long term.
It's a real company doing real business and making some profit now so pps should stabilize and go up again once the dust settles from that huge run. Until then I think pps will be a little volatile between .01 and .02, unless more good news comes. I wouldn't be too concerned right now if you did not enter above .02
Plus it is a Friday!
Didn't they add a full time controller? Wouldn't that make it 5 employees?
TLV that amounts to $36k right now. I guess you could call that a hill of beans. Not much more than that though.
Thank you for pointing that out Basser. I have always felt the company can succeed if Clint and crew trim the fat from the operating budget. There is still plenty more to trim if they are willing.
Precious moments line probably won't show up until Q3 results.
I'm optimistic about the game changing relationship. I don't think this has to do with the line of credit. Still betting on Waterloo, just not sure what kind of change it would be.
They are holding PR's back for something soon IMO. I think the game changer involves Waterloo. They bought in for $50k in December 2008 at 0% interest.
Waterloo agreed to convert their debt to equity in March 2009...4,000,000 shares @.012...should become unrestricted in September 2009.
I think PR's are coming hot and heavy in a few weeks and unless the game changer is very juicy I see a massive flip between .01 and .015. Such goes the life of any stock trading at around .01 or less.
Current dumping could also be people nervous about the 10-Q
You may be right 5*. I sold some interest in ETNL so I could flip em on that cabinet company. Talk about something that could use some "balance" to protect new investors. I may have to make that a mission or something.
But for now am happy flipping those for 50% every week and I am still holding lots of long shares in ETNL. Doesn't take very much to generate 1000% profit from this level as we all have seen.
I think the company is doing pretty good...don't get me wrong.
What I am talking about is inherent with the price range EXPH currently trades in....and the fact that many people make a living taking profit from the market at the expense of new investors. I've been on the short end of that myself.
As long as EXPH keeps swinging back and forth so much it will be attrative to flippers, especially since it is now trending up don't you think. There has been a little too much pump from the bulls and not quite enough reality check. Look at what happened 5 minutes into the conference call.
Stop hyping it so much and let it trade on it's own merits. Then you will have the stable pps growth the longs are seeking.
Flippers loading up in .016's for another 25% profit at .02 IMO
If no PR's there will be sub .016's available next week.
That's funny...you think this is one seller.
EXPH will flip at .02 for awhile, or lower if Wal Mart contract doesn't pan out.
GATOR...since you seem to be so passionate and follow this so close...can you tell me the approximate cash value of all the shares Clint reported sold in 2009?
I think the Form-4 you are talking about now was only for about $700. Hardly seems worth typing in ALL CAPS!
I don't care about coniving anymore...as long as I get to be a part of it.
EXACTLY...meanwhile I'm flipping the crap out of theirs.
Don't waste your time Bee...
I think for some there is an agenda here and that is to shake shareholders loose from ETNL and lure them over to "that other company" with the pps that languished for so long.