Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Eternal Image, Inc. (ETNL.PK) Yahoo! Finance
.0020 3,130,000
Oh the humanity
It simply looks like El was either planning to unload some stock, or assist one of the Third Party investors unload some of their stock.
SEC weeds out 202 questionable stocks this year Updated 8/27/2010 1:03 SUSPENDED COMPANIES So far this year the SEC has suspended 202 stocks, putting 2010 on pace to beat 2009's record number of suspensions. Sources: Securities and Exchange Commission, USA TODAY research By Matt Krantz, USA TODAY Regulators are stepping up efforts to weed out some of the smallest and most questionable publicly traded companies. Hoping to prevent investors from being misled by companies with big promises but little financial information, the Securities and Exchange Commission suspended trading in 202 stocks this year, already topping the 183 stocks that were suspended through the end of the third quarter of 2009. The SEC suspended a record 234 companies for all of 2009, a level that will be easily surpassed this year at the current clip. Suspensions are way up from the 183 and 98 in 2008 and 2007, respectively, a USA TODAY analysis of SEC data shows. "We've seen an uptick in suspensions," says Tim Ryan of the Pink OTC Markets, which operates the Pink Sheets, where many of the suspended stocks trade. The SEC is "more proactive about it." Shell companies — firms with little or no assets or operations — continue to attract regulators' attention because they are easy targets for manipulation by stock promoters. There are 3,123 shell companies trading, up from 2,577 at the start of 2010, 2,719 in January 2009 and 2,289 in 2008, says AuditAnalytics.com. Rising suspensions show the SEC is trying to: •Stop problems before they get bigger. The SEC can suspend trading in stocks if the companies provide false or misleading information or lack current information. Suspensions can be the start of more investigation and are a way for the SEC to stop alleged scams early, says Maureen O'Hara, professor at Cornell. •Leverage its focus on a specific type of policing. As the SEC develops the ability to identify and suspend companies, it's easier to repeat the process, says Jonathan Macey, professor of law at Yale. •Get relatively easy regulatory wins. Many of the companies being suspended are nothing more than a post office box and a ticker symbol. The SEC can shut these down, and protect investors from being tricked, with little worry of prolonged legal battles, Macey says. The SEC's push to stop questionable stocks is helpful for investors who have trouble separating real companies from phony ones as long as they have a stock symbol, O'Hara says. Some worry, though, that poorly informed investors will still get tangled up in shell-company scams. "Even if the SEC could clean out all these companies ... (gullible) investors will find something else to throw their money at," Macey says.
http://www.usatoday.com/money/markets/2010-08-24-delist24_ST_N.htm
Another fine Stock Promoter (AKA Awareness Marketing Professional) bites the dust.
Seattle Times is at the doorstep...
http://seattletimes.nwsource.com/html/businesstechnology/2011202733_sundaybuzz28.html
Penny stock falls
despite campaign
Cascadia Investments, a Tacoma-based penny-stock company, has been championed for a year by a website that claims it can organize traders to "lock up" all available shares in a company and cause its price to go through the roof.
Instead, this past week the stock went through the floor.
Cascadia shares (traded as CDIV on the over-the-counter market) fell 49 percent to 7 cents on Thursday, capping a drop that's taken them from 70 cents in April.
Three other stocks touted by the same site also plunged Thursday, losing from 24 to 81 percent. Cascadia fell 18 percent more Friday, on 13 times the usual volume.
That hasn't shaken the faith of Edward Watkins, of Annapolis, Md., an Air Force employee on the East Coast who bought Cascadia shares with other followers of the Monk's Den website.
"I myself am still 100% in," he e-mailed late Thursday.
Cascadia itself is insubstantial, to put it charitably. A visit to the company's headquarters last February found a dingy, one-room office marked only by a yellow sign indicating Cascade's previous endeavor, real estate. "The cheapest rentals," it read.
Its financial statements, which are not audited or filed with regulators, show that for the three months ended June 30 it had a mere $361 in revenue and $24,076 in expenses.
CEO Nazir Maherali, a former denizen of British Columbia's breeding ground for speculative stocks, says Cascadia is building a portfolio of "tour de force" game applications for the iPhone and iPad.
But the handful of 99-cent games it recently introduced have overwhelmingly negative user reviews.
Even at 7 cents apiece, its 207 million shares imply a market value of $14 million.
None of that concerns the coterie of CDIV believers like Watkins.
Egged on by Monk's Den and its financial guru, Jerry Williams, they've banked on the theory that their group can buy up all the freely trading shares of CDIV.
Then, the story goes, short-sellers who've bet against the stock will have to pay dearly to obtain the shares needed to cover their obligations.
"It really doesn't matter what the company does," a Monk's Den leader under the screen name Lone Grey wrote last fall on the InvestorsHub website, which has accumulated an astonishing 158,000 posts cheerleading for CDIV. "While I feel Cascadia is fundamentally sound and will grow nicely, take a peek at what we did with two worthless companies."
He went on to describe scenarios where "a group of disciplined investors" bought up all the freely trading shares of companies and supposedly drove up the price short-sellers had to pay.
In Cascadia's case, CEO Maherali said in an April interview that 147 million of its shares were restricted; that means the float, or freely trading shares, is about 50 million. The official website for the OTC market indicates the float is only 23 million.
Whatever the correct number is, subscribers to the float lockup theory presume that none of the restricted stock is being sold by the unidentified people who own it.
That's a big leap of faith. And it runs counter to numerous examples of penny-stock insiders profiting while their companies' shares are temporarily lifted by one story or another.
But sometimes faith is unshakable. "Eventually this will work," wrote one poster on a CDIV message board early Friday. "I'm not worried."
Hey NH, nope doesn't surprise me in the least. What surprises me is that they've not opened up the spigot yet, but mark my words, as in the past any upward rise caused by a PR has ALWAYS been followed by an even bigger decline, once the selling/dumping/dilution kicks in.
Yes, that was about as vague as a PR can get...lol I suppose that's so they can't actually be liable for purposely misleading investors or blatantly lying.
I've not called the TA recently, but last time we checked there was still around 30 Million left to dilute.
Problem is investors seem to be fully aware of the game being played here and unwilling to jump in to heavily, especially with another Reverse Split seemingly imminent.
Did you read that Fluff PR??? That has to be the most ridiculous PR I've seen from El yet, no substance whatsoever.
Unfortunately, if you recall this same type of event seems to happen every time the company unloads another round of dilution and the pps falls to new lows.
I'd be willing to bet things get pretty ugly next week
Some times it's just easier to throw nonsense against the wall and see if any of it sticks.
Fortunately this kind of misinformation and spin just won't work any more and El will either have to come clean and tell investors what's REALLY going on, or continue playing the stock game and leaving investors to drowned while they profit off their backs.
Doubtful, especially seeing that support was broken on Friday. Then next round of dilution will likely send the pps down to test .0010 range.
Watching the EIGH, CDIV & GRNO debacle unfold has been funny.
It will heartwarming to see the SEC step in and start issuing indictments, just like they did with the SpongeTech con artists.
Though I'm hoping to see a lot more aggressive action get focused on these sleazy promotional groups.
There marketing awareness campaigns are simply vaguely disguised Pump & Dumps.
Some just never learn though, they always have to figure it all out the hard way.
Ya know what gave me a chuckle today was seeing a SpongeTech car wash sponge being sold at Food Lion.
Wonder who's getting the proceeds from the sale of their remaining products, or if it just goes to the creditors?
I just submitted Spongetech for entry into this site's Con Artist Hall of Infamy http://www.thehallofinfamy.org/index.php
But I'd disagree with your Monked moniker, as these poor investors were Soaped, but they're basically cast from the same mold.
I don't know if it is going to be the "End," it will probably more correctly be a New Chapter in a different direction.
Kind of like actor in a stage play, changing costumes for the next scene.
Breaking the .0025 support on a Friday is not a good omen at all...lol
If some start jumping ship, it could get ugly fast. But the real problem is that nobody is buying into the whole Matthews LOU nonsense any more. And the fact they weren't represented at yet another NFDA convention only lends more credence to things are winding down to an inevitable end quickly IMO.
Although it started a few years ago, I think the actual beginning of the end was when they lost the website. They tried a few other attempts to help with the sale of shares, like the LOU and the mythical $5M loan, but the fact is nothing works anymore, because nobody believes a word they say.
But you have to applaud the cheerleader's efforts, they've maintained the facade faithfully, even in the face of irrefutable proof. Though I would assume that such loyalty isn't done for free, clearly they wormed something out of the deal, whether it having been Free Trading Stock (which El practically gave away gladly), or cash, you can be sure this kind of blind support was not free.
Yes, it's obvious to the honest investors, it's only the promoters who seem to have such trouble seeing things as they really are.
I can't wait to see how they spin the next Reverse Split as being beneficial to shareholders.
But mark my words, you're going to see it happen and the wait won't be to long from the looks of it.
I mean seeing that it's finally broken support, that "Other Shoe" is just dangling by the PINKy toe and about ready to drop to the floor.
Stop that, you know better...lol
I see one of the promotional groups finally paid UDHC a visit. How did you make out on this go-round?
I think we'll know when its imminent, we'll see the Death Rattle, when they dilute the last little bit of remaining common stock and equal AS / OS.
Sad part is that it is likely going to break below .0025 when that happens, unless they can get another promotion going. But there just aren't that many shares left for them to pay off another promotional team, so even if they did it would end up being the "B Team" and likely not amount to much of anything.
Eternal Image, Inc. (ETNL.PK)
Yahoo! Finance
ETERNAL IMAGE NEW
(Other OTC: ETNL.PK)
Last Trade: 0.00
Trade Time: 11:16AM EDT
Change: Down 0.00 (3.85%)
Prev Close: 0.00
Open: 0.00
Bid: N/A
Ask: N/A
1y Target Est: N/A
Day's Range: 0.00 - 0.00
52wk Range: 0.00 - 0.03
Volume: 148,569
Avg Vol (3m): 1,529,500
Market Cap: 1.78M
P/E (ttm): N/A
EPS (ttm): -0.01
Div & Yield: N/A (N/A)
Link: http://finance.yahoo.com/q?s=etnl.pk
Maybe El had the dates mixed up, or went to Brazil to expand their global marketplace.
Sure, yea, that's it
How long ago was the 5 Million share retirement supposed to happen? LoL
What you have to realize is that even if they purchased 5 million shares of common stock at some point, they'd not actually retire it, they'd simply sit on it until they needed some cash and then sell it again most likely.
For an actual common stock retirement, you'd want to see the AS reduced, which you'll never see happen here, not without yet another Reverse Split (which shouldn't be to much longer IMO).
Has .0004 thinned at all?
Eternal Image, Inc. (ETNL.PK)
Yahoo! Finance
Dow Down 0.23% Nasdaq Down 0.28%
Thu, Oct 14, 2010, 2:21PM EDT - U.S. Markets close in 1hr 39mins
12:32PM EDT: 0.00 Down 0.00 (10.00%)
Eternal Image, Inc. (ETNL.PK)
More On ETNL.PK
Link: http://finance.yahoo.com/q?s=etnl.pk
Back at ya Lawrenzo, it's good to see others not letting the same falsehoods get told over and over again.
It's time for investors to keep the El Koolaid in check, until management actually does something right and for investors, instead of simply living of their backs on their money.
Stringing people along with this failed venture, or that broken promise, has taken its toll on far to many investors. They seem to think that if they simply keep quiet about it and don't ever bring it up again, then investors will just forget about it and wait for the next carrot to get dangled in front of them.
Of course it doesn't help when you have promoters telling people how wonderful things are day in and day out. Just doesn't seem like a very good way to make a living, but I guess there's no shortage of those lacking morality and ethics in these markets. One just has to follow the SEC to see the endless stream of indictments rolling out day in and day out, as they attempt to clean up these markets.
Ah that pesky little Step 1, which always seems to be magically left out of some posters rhetoric.
If one removed the Rose Colored glasses and woke up to what kind of games transpire in these crooked markets, they'd easily be able to see that the LOU amounts to absolutely NOTHING, unless El can afford to pay for Step 1.
And if they even planned to try and generate the funds necessary, which I doubt they would, then it is only going to come at the expense of shareholders yet again. They would have to sell a WHOLE LOT of stock to pay for Step 1...lol
Obviously you're confused, an LOU is an Letter of UNDERSTANDING, NOT COMMITMENT.
Therefore, there actually is NO CONTRACT in place, or there would at least be an LOC, which there IS NOT..
Eternal Image, Inc. (ETNL.PK)
Yahoo! Finance
Dow Down 0.23% Nasdaq Down 0.28%
Thu, Oct 14, 2010, 1:56PM EDT - U.S. Markets close in 2hrs 4mins
12:32PM EDT: 0.00 Down 0.00 (10.00%)
Eternal Image, Inc. (ETNL.PK)
More On ETNL.PK
Quotes
Link: http://finance.yahoo.com/q?s=etnl.pk
What the heck??? I didn't think it made sense, but then why did it show up as a recent post??
I sure didn't go digging back through your post's until I was surprised by the sudden "About Face" in attitude.
Seeing the 2008 date now I can see you're in fact correct and for that I apologize, but still don't understand why it was reposted as new.
Oh well, thanks for the drive-by conversation...lol
I suppose it really depends on what the real "business" is. I mean if its simply using a failing company to generate stock sales, while grossly overpaying management, then I'd have to say they are a complete success IMO.
As far as the baseball analogy, I'd have to say that management has scored consistently, gifting and selling stock, using the Reverse Split Rinse & Repeat game plan.
Unfortunately it's always been at the shareholders expense and yet the cheer leaders are still here doing the wave for management, you just can't make this stuff up...lol
So the way I see the scoreboard, it's
Management - No Hits, Infinite Errors, Infinite Stolen Bases & Millions of Runs of $$$ into their pockets
Investors - No Hits, No Runs and the only Errors were believing in management and listening to the cheer leaders and promoters.
Just gotta ask, even though I can guess the answer. Are those Financial statements being posted audited?
I'll add another simple one to ponder, is the Transfer Agent gagged?
Yahoo! Finance
Oct 13: 0.00 0.00 (0.00%)
Eternal Image, Inc. (ETNL.PK)
Link: http://finance.yahoo.com/q?s=etnl.pk
What was even funnier was the statement about them putting money back into the company...lol
Of course there's nothing to show that they've done that and nobody really believes that they did, but the same people just keep throwing more and more factless dung at the wall hoping something will stick.