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Unfortunately the value of those shares in your account, while still the same quantity unless they've conducted ANOTHER REVERSE SPLIT, have likely decreased in value.
When those insiders dump 10 Million, 20 Million, 50 Million shares which they've gifted themselves and in turn DUMP them on the free trading market, it hurts those investors who believed that management would do things to increase the value of their stock, instead of diluting it.
And on that note, you really should stop spouting off about management not taking paychecks, because it makes you look foolish. Any intelligent investor can clearly see how they are paying themselves, unfortunately it's at the investors expense.
I still hold 2 worthless shares from the last Reverse Split, left over from a trade when I inadvertently failed to sell all my shares...lol
ETERNAL IMAGE NEW
(Other OTC: ETNL.PK)
Last Trade: 0.00
Trade Time: 1:47PM EDT
Change: Up 0.00 (15.38%)
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: 267,460
Avg Vol (3m): 1,529,500
Market Cap: 2.14M
P/E (ttm): N/A
EPS (ttm): -0.01
Div & Yield: N/A (N/A
Link: http://finance.yahoo.com/q?s=etnl.pk
Uh huh
Perhaps they are here because they've seen what promoters do to the inexperienced trader.
Perhaps they are here because they got shafted by believing the promoters, buying into all the ridiculous "NIBBLE" comments seen for nearly two years.
Perhaps they just don't like liars
Perhaps they don't like con artists
With all that El has pulled on its investors, all the broken promises and unfulfilled commitments, WHY are you still positive? WHY?
My only real concern is that now their financials are unaudited, which would be the key difference to be alarmed with IMO.
While you can claim this is a fact, or that is a fact, you simply can't deny El's symbol is now ETNL.PK. Well I guess you can argue and likely will, but it will just look foolish.
IMO it's much much easier to keep the facade going, if there is some semblance of legitimacy.
Like many who seem to post so-called "facts" here, when in reality there is nothing factual about what they post. Such as those clinging to an LOU, which really amounts to nothing, or some loan when no intelligent lender would even consider it.
The problem seems to be that in this economy nobody is buying into the BS anymore and therefore not willing to wager the money on another Pump & Dump run.
I also think that the reason that traders haven't come back in to push the PPS up again is because the OS is dangerously close to equaling the AS, which will in all eventuality result in yet another Reverse Split.
Yes, it's actually rather amusing watching him spin each and every issue.
Bottom line is that nobody is to blame for where the PPS is except El PERIOD!!!
Could they turn it around? Sure
Could they start being transparent? Sure
Could they stop over-promising and under-delivering? Sure
Will they? Not likely, why should they, why give up their Golden Goose, when they can simply continue milking investors and stringing them along while they Rinse and Repeat.
So while some try desperately to blame those who've actually brought some honesty to the cheer leading convention, it simply doesn't change the fact that El's business model hasn't gone anywhere and likely won't be going anywhere.
If things changed, I'd be the first to congratulate them. However you will NEVER hear any of these so-called supporters ever admit there is anything wrong, everything is always bright and cheery.
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Eternal Image, Inc. (ETNL.PK)
Just sayin
Yes yes, you always need more shares and it's always at a bargain price, we get it.
As for the eventuality of another Reverse Split, I think we'll know soon enough, as soon as the OS finally equals the AS and they no longer have any more room to dilute. Shouldn't be much longer, just be patient and I'm sure you can get shares even cheaper.
Again with the vale message board threats? Come on, it amounts to nothing, scares nobody and considering the company doesn't have enough cash to blow its nose, then I doubt they'd be able to afford legal representation. And even if they did, they'll likely end up using it for defense, rather than going after some silly message board poster.
I'd be careful though, you may just end up pissing off the wrong people and find the SEC starting to take a much closer look at El and all their broken promises and dilution....Just sayin
As for "real investors," I doubt you'll find any here and if you did they'd probably be more likely to thank anyone who may have given them pause. When after hearing (endlessly I'm sure) how great this so-called company is and how they are on the verge of a virtual explosion, only to find that after looking a bit closer and watching the stock trade they realized someone was just full of BS and wearing rose colored glasses, instead of providing a realistic and objective view.
But hey, good luck.... Just sayin
Tell me you were joking in this post, you simply can't be serious when you blame "bashers" for where the PPS is today, that's beyond ludicrous.
The PPS is where it is because of El so called managements failure to fulfill any of their promises over the years, conduct a reverse split, then destroy investors already hurt by the Reverse Split by yet again diluting their investment to death.
And I would also add that the most likely cause for the current PPS predicament is a complete and utter lack of results, i.e. sales, after years of promises about this license and that license sure to increase sales drastically, or this market and that market, this location and that location, this convention and that convention, this LOU and that LOU, this loan and that loan.
Bottom line is NOTHING has improved, no matter how much some try to spin things to the contrary. Even the so-called quarterly filings show a complete and utter lack of progress.
This is why the PPS is where it is, it has nothing to do with anyone's comments on some silly message board. If that individual had made the mistake of believing the BS hype we so often read here, it may have actually caused a momentary upward blip in the PPS. However, once another batch of diluted shares hit the market that poor individual would be underwater wondering what the heck happened, because some here can say nothing but wonderfully glowing comments about El and its glorious management.
But hey, you go ahead and blame the individuals posting honest and realistic comments, yup it's all their fault.
Yea, that comment about made me spit up my coffee from laughing. Just how long do they think they can hide behind the guise of El being a start up company, 5yr's, 10yr's, 15yr's, not to mention multiple reverse splits and endless dilution.
Funny thing is the people that didn't get it before are now starting to get it all to well, which is why they don't hold out much hope for seeing their money back.
It's called learning the game and learning the game players.
Well it could be construed true if you consider Reverse Splits and Dilution as progress.
I guess the view from the top of the fence never changes.
Meanwhile it looks like another convention has come and gone, with no sign of El management.
Can't wait to hear from gophie, though I'd not bother posting any details here if I were him, he'll only get attacked and threatened again.
And while you may not care about what market ETNL trades on, you should at least care that they failed to meet a filing deadline and were subsequently delisted.
Good Luck!
Not sure how or why anyone would bother debating this further, it's clear they are no longer an OTCBB stock, just makes those claiming differently look foolish.
I'm also don't understand how anyone can claim this isn't a downgrade, but nothing surprises me much on this board.
It's clear that the OTC markets have developed a Tiered approach, to help add some semblance of legitimacy. But even so, the requirements are still not as stringent as the OTCBB from what I can tell.
Thanks NH
You may be right Don, needless to say there is plenty of room for confusion, unless you listen to the cheerleaders and then everything is just hunky dory.
As for what El posted on their site, doesn't hold much water for me, their track record for honest transparency isn't very impressive IMO.
I wouldn't put much weight in what Lunker states, he was a paid shill for El.
As you can see, nothing he spent hours upon hours droning on about has come to fruition, in fact the stock is right back where it was prior to the Reverse Split and uplisting.
Yup, its once again trading on the Pinks and under no obligation to file AUDITED FINANCIAL's, which given El's propensity for creative writing in their previous filings will ensure the future to get even funnier.
You're absolutely right, I didn't take off my shoes and socks when calculating the pain, sorry...lol
What's that??? Following the Reverse Split, which was kind enough to reduce investors shares by 20%, when the stock began trading at around .02; you're telling me that the LOU and all the other wonderful things that have supposedly gone on since the glorious reverse split and magnificent uplisting, the value of shareholders investments has simply fallen back to where it was prior to the reverse split?
But how can that be, some seem so sure that things are great and spend hours upon hours making sure others think the same thing. Don't these people who so vigorously defend El management have our best interests at heart? These defenders of El management would never simply pretend to be honest investors, while actually being one of those promotional elements who received the ridiculously stupid amount of common shares for loaning the honest hard working folks of El management a few thousand bucks?
Clearly this can't be, clearly this is not back to where it was prior to the last reverse split, it just can't be, can it?
But how can this be, there is supposedly such grandiose events that have taken place in the past 3 years, isn't there?
How can people not believe, it boggles the mind. I mean they have said such wonderful things in the slew of PR's they've released, aren't all those things real, didn't they happen, aren't they being transparent and honest?
Hmmm
Thanks Lawrenzo, nice to get some clarity without all the cheerleading and spin.
Ah, well can they make it anymore confusing...lol Must be a government run agency no doubt
I could have sworn someone was saying how they were going to be buying a couple hundred thousand shares today???
Perhaps that individual meant he was selling a few hundred thousand shares, cuz that's pretty much all we've seen today.
Since ETNL appears to be a Pinksheet stock again, I wonder if they'll bother even filing financial's anymore.
And if they stop doing that, which certainly didn't seem very accurate anyways, I can only guess what new shenanigans they'll try pulling. All of which will be soon followed by another Reverse Split I'm sure.
Yes, Etrade has it listed "ETNL: Pink OTC Markets Inc" also, but I'm sure some will tell us that this is clearly a mistake...lol
At this point though, nothing would surprise me.
Beats me, I got confused when I saw Etrade not showing a bid or ask into the close yesterday. Well at least its not halted or trading on the grays, yet anyways.
Does look like many are very apprehensive and not simply willing to take the company's word from some silly website update. I'd say it's probably for good reason too, since they've often stated things that either weren't true, or never came to fruition.
Never a dull moment, even when nobody is buying the stock...lol
You can have all the opinions you'd like, it doesn't dismiss or alter the facts that El is NOT in compliance and has therefore lost its ability to be quoted.
This is NOT a debatable issue, even though I'm sure you'll still try to convince others that it's somehow not El's fault.
But the fact is it's El that's not in compliance, it's not FIRNA that's not in compliance, or anyone else you try and blame.
Spin it however you'd like, unlike an LOC that doesn't mean much of anything, or a loan that simply hasn't happened, this is a VIOLATION of Rule 15c2-11, which means that someone is NOT complying with an SEC requirement.
You can try and blame it on FIRNA, or Santy Clause, but the fact is that ETNL no longer has Market Makers quoting it and will be like any other stock that does not have MM support, it will be trading on the grays.
Good Luck
Sorry, that's a pretty weak and vague summary of Rule 15c2-11 and not even close to what it pertains. This rule was designed to prevent fraud, so there may very well be much uglier things to break.
Rule 15c-211 was designed to allow non-reporting public company's securities to be quoted on the National Association of Securities Dealers' ("NASD") Over-the-Counter Bulletin Board ("OTCBB") by filing some simple disclosures.
Now, companies seeking to obtain a quote on the NASD OTCBB must be required to file reports with the Securities and Exchange Commission ("SEC"). Under Section 15 of the Securities Exchange Act of 1934 (the "Act"), as amended, a company who has filed a registered offering with the SEC, such as an SB-1 or SB-2 registration statement is required to file reports for one year. A company which files a Form 10 or Form 10SB (for small business issuers) becomes a reporting company under Section 12g of the Act and must file reports. To be eligible for a quotation of its securities, the company's market maker must file a Form 211 with the NASD, the company must have sufficient free trading stock in its public float to allow Rule 15c2-11.
Perhaps you didn't bother to read the Deletion notice, but I'll help you out.
Dl Date Symbol Company Name
10/6/2010 ETNL Eternal Image Inc New Common Stock
Effective Date/Comments
10/6/2010 Failure to comply with Rule 15c2-11
http://www.otcbb.com/asp/dailylist_search.asp?SearchSymbolForm=TRUE&OTCBB=OTCBB&searchby=symbol&searchfor=etnl&searchwith=Starting&image1.x=32&image1.y=10
But hey, feel free to tell people that you spoke with the company and they said everything is just fine, nothing to worry about.
I just wanted to see how long some would continue to say how great things were, regardless of whether they've been moved to the grays or not.