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Almost all brokerages clear their trades through DTCC so, if I understand it correctly now, no matter what action the brokers take nothing can happen until the DTCC starts clearing EESO trades again. So what is it that needs to be done to get the DTCC to start clearing EESO trades again? If I were Timothy I would have had the answer to that question before I ever got involved with EESO so it seems very disingenuous on the part of Timothy, at this point, to communicate as though he doesn’t already know the answer. That is unless there is a different agenda going on. GLTA
Do we now own shares of a de facto private company?
If they do not become tradable in the next couple of months then I think that is exactly our collective situation.
Reference Timothy’s statement that he will rely on “private placement” of company securities and share holders to finance the company. IMO
It seems that everyone here, including me, has info and or opinions that when you try to put any of them together they just don’t add up. So what is the problem? I can tell you for sure that as of just a few minutes ago the DTCC has EESO on global lock down still. This info is directly from the risk analysis dept. at AmeriTrade. So what is the solution to the problem? It seems to me that EESO must have some requirements that are not being met or just haven’t taken the necessary step of bringing the DTCC up to speed that the SEC action has been resolved and only EESO can remedy that.
Maybe EESO/Timothy doesn’t want the freeze lifted. What would be the advantage for EESO to have untradeable stock? It sure sounds like EESO isn’t taking any action to resolve the freeze. Why I wonder.
Just 15 minutes ago I finished a conversation with my broker at AmeriTrade. He told me that the DTCC, as of this moment, still has EESO on global lock down. This is not a decision that the DTCC makes. It is a decision that the SEC makes and then tells the DTCC to implement. This is info directly from my broker and is not my opinion so I am making the assumption that it is correct info. I also talked to FINRA and they told me that they show no info on their EESO records that there is any kind of problem.
I am not happy at all about Timothy's answer stating that we should call our brokers to get this taken care of. The SEC initiated this freeze and the SEC is the only one that can unfreeze the stock. This is the responsibility of EESO and Timothy and they damn well better get off their ass and get it taken care of!
On another subject I am interested to see the intentions laid out that mass retail is the choice of direction without any mention of the only products that will make this a success, namely the agriculture and industrial products.
So....combining the crape answer about calling my broker so that I can get this stock trading again (without a doubt a ridiculous answer to the problem as if AmeriTrade is going to follow my instructions) and the new approach to product distribution, somewhat pathetic IMO, I think we are not anywhere close to being out of the woods yet!
I don't want to rain on your parade LongDuck and I want to have the same hopeful feelings that you are expressing but from Timothy's answer I fear that we are seeing the beginning of a new and equally inept approach to the problems that need to be fixed so that we can have some hope of recovery. Don't kid yourself, if lifting the freeze is being presented as the responsibility of the share holders we have just been put on notice of eminent failure. IMO GLTA
Your explanation sounds correct to me. I am trying to confirm the rules and will post as soon as I have a definitive answer. So if you are correct then Timothy needs to get a trading release from the SEC or the trading exchange (OTC). My guess is that the freeze will be lifted in the next month or two. All IMO of course.
Thanks for your explanation. If it is not possible to remedy this situation then why is Timothy going to all the trouble he is going to? There must be a solution to this situation otherwise Timothy would not be wasting his time. Surely the remedy for this circumstance was fully researched before this attempted recovery was started. If the DTCC has the list of beneficial owners then ownership is not questionable for any of the shares. This sounds like a “pay a penalty and move on” kind of situation. There is no doubt that this has happened to some reputable companies when shares were sold prior to their actual sale illegibility date. IMO the next PR will come only after the freeze is resolved.
How is it that the DTCC is stuck? Even the unregistered shares were sold into the market to some investor and were paid for by the investor, right?. There are no shares that have not been paid for by an investor. Please explain how the DTCC is stuck. Thanks.
I have a question. Is it the DTCC that is restricting trading or is it the OTC? Maybe it’s the OTC because they are the organization that gives out trading symbols and controls company status, i.e. current or caveat emptor. The DTCC clears trades based on what is trading in the market place but does the DTCC actually control what is tradable in the market place or is it the OTC. So the question is who controls what is tradable in the market place, the trading exchange or the clearing house?
According to your view then all authorized shares are dilution as well even though they are not in the market as outstanding shares that are tradable. Gosh, then Jared’s and AllieBaba’s shares are dilution too. WRONG.
Dilution is putting more shares in the market that tradable. The C share will only be a problem/factor if the company is sold. Eventually we will hopefully have that problem.
I think it is possible that there are some outstanding shares that might be unaccounted for and that is why I floated the idea that EESO might have control of a large block. By large block I mean 200 to 400 million. Any opinions on the 300 million that went into escrow in 2009? Anybody know what happened to them? No one knows for sure either way so I take exception to your opinion, not a fact, that EESO absolutely does not control any of the outstanding shares. Either senario is possible.
Also if a publicly traded company sells shares in a private transaction do they still need to be cleared through the DTCC? That may be the specific reason there is a strong effort to lift the freeze so that some private transactions can take place. Until it’s lifted its possible that no share transactions of any kind can take place. Are there any kinds of company securities EESO could sell, keeping in mind they are a publicly traded company, that would not have to be cleared by any Gov. Agency?
Reasonable and accurate responses are welcome. GLTA
EESO is now officially a marketing company. EESO owns the products and formulas so they can contract out the production. So the question is can EESO/Timothy sell the products? If the past PRs are real/true then it would seem likely that the business can be jump started again. The good part about being a marketing company is that you can run it with virtually no overhead. Of course that makes the profit margins smaller but that’s a good tradeoff because it takes the pressure off of monthly cash demands.
I believe in the products and that is why I invested in the first place. Initially I believed in Jared too but he turned out to be a terrible CEO with the worst decision making skills possible. So here we are with a brand new company that is deep in debt and starting over from square one. I still believe it can work but it is going to be difficult and very slow to come about. Sunshine is a minimum of 18 months away and could be much longer than that.
If the shares start trading in the next few weeks what is their value? Zero business with large debt is not very attractive.
I wonder how many of the outstanding shares are currently controlled by EESO. Maybe EESO has a large block of shares it can sell that are already part of the outstanding share count. I sure hope so because if not that 5 billion authorized will become 5 billion outstanding pretty soon, and that isn’t good! That path can only lead to a RS to restore some semblance of share value to any potential new investors. Appearances you know.
The agricultural business is the only thing that can get EESO back to being a viable investment. All the other products are great but are, from an investment stand point, window dressing. A hand full of good agricultural customers can make this a winner.
I am looking forward to the next PR. It should give us some good clues about Timothy’s approach to righting the ship.
All IMO of course.
I’m sure you make your investment decisions for what you believe are good reasons, just like the rest of us. Although I have to say that personally I would never support a company (or market segment) or a person that I “hated”. The general animosity towards Jared/EESO happened after the stock took a dive and that is when the hate took off. So generally speaking no one really hates Jared/EESO they just hate the fact that they have lost money and don't want to blame themselves. Jared/EESO is just the focal point for the bad feelings and frustration for the decision all of us made to invest in EESO.
I don’t have bad feelings about Jared or EESO and no matter how things turn out it was my decision to be here and I can live with that. It has been a rough ride with EESO but IMO it is going to get a lot better. Obviously, at least for most of us, hind sight is nearly perfect. Having said that it seems unreasonable to blame someone else for my decisions. The funny part is that when the stock price rises and profits are made all/most of the animosity goes away. The most emotional commodity on the planet is money and that’s for sure. IMO you will make a nice profit. GLTY
As of 12-31-2010 there were/are 3,246,015,018 outstanding shares and 320 share holders of record. I don’t think those numbers have changed to date. That means the average EESO share holder is holding 10,143,797 shares each. Can’t be true.
It seems to me that the vast majority of share holders would be holding considerably less shares than 10 million. Probably considerably less than 5 million. My speculation is that most people that bought in early got out either on the way up in early 2009 or on the way down after the run. All people that bought in late and got stuck must have been in the under 1 million range. I can’t imagine that anyone spent large sums on money on EESO after it started running. 5 million shares at .01 is $50,000.00 grand and I am quite certain that no one did anything like that.
So….. It seems to me that there must be a HUGE concentration of shares in very few hands. Who and why? I have some thoughts on this but would rather hear other opinions.
GLTA
IMO the following is a possible scenario.
I am going to assume that it is not possible for EESO management to get the stock unfrozen. Not that Timothy is not trying because I think he is. But because of overall circumstances he will not be able to do it. At least not any time in the near future. So I looked at the documents released to the OTC and I found the share certificate and details thereof to be the most interesting reading. IMO it is possible that we will get share certificates for our shares and become share holders in what is a de facto private company. Which also means that the only way Timothy can raise money is by throwing it into the pot himself OR by selling chunks of shares privately OR using shares to facilitate business deals. IMO this is not so bad because it most likely means that any dilution that goes on will most likely have a positive effect for EESO. Selling chunks of shares privately means that the buyers are going to be very well informed and are making an investment as opposed to rolling the dice and the money will not be going into Timothy’s pocket, If Timothy puts his own money in all the better for obvious reasons. Using shares to facilitate business means there is business and that can only be good.
I know it is still possible to trade with Fidelity and maybe BAC but it is so minimal it is a non factor. Also if we receive certificates for our shares, if I understand it correctly, it might then be possible for us to transfer the stock share certificates to any broker that would be willing to accept the certificates. This might sound farfetched but IMO it is a distinct possibility. BTW if this does happen do not accuse me of being Timothy or Jared or whoever. I am just making a logic based guess. Here’s hoping the future holds something good for the long suffering longs! GLTA
I have taken an extensive look at stocks that trade on the OTC and none of them are able to generate a stock price that rises and becomes stable at a new higher price per share level. They always fall back because the number of outstanding shares is so large and the price per share is so low that it becomes almost impossible for long term investors to overcome the flippers and MMs. IMO the only way this is going to turn into a real investment is if EESO does what is required to move up to the OTCBB level. I do not know the exact requirements to move up to OTCBB but that is, at a minimum, what has to happen for EESO to be “a real investment”. If somehow the stock price takes another run without upgrading to OTCBB then I will bail out too. I would rather hold this puppy for 2 or 3 more years but if company management is not serious enough to drive this thing to the next level then we should all take the money and move on. BTW I feel certain that there will be another run but I am waiting to see if Timothy is going to take the proper steps in the proper order that will stabilize the share price at a new higher level.
IMO there is a different kind of investor that trades in the OTCBB and combined with the requirements to be there that is why the stocks there are more stable and more likely to move on to the major exchanges. The steps required to move up to OTCBB should be taken without any fanfare so as to not be the specific reason for a run-up but rather should be announced at the same time with any good news about business deals or growth of the company. In that way a new higher share price will attract investors instead of flippers. So if Timothy is smart he will hold information close to the vest and do things in the proper order so that the results will be positive, stable, and long term. If he does things properly we will be very frustrated and pissed off because we are not getting enough news. So what else is new! But anyway our only choice now is to hold and wait and see what happens. The next run is a ways off so sit back, relax, contemplate that wild turkey, and wait to see what kind of news pops up first. Then it’s decision time. All IMO of course.
Today’s documents make for interesting reading. Sounds like there is no money, no inventory, no equipment, no customers, and no specific business plan other than an immediate need to raise money. Either the money is already lined up or Timothy is going to lots of trouble for nothing because even if it is released for trading even the smallest amount of DD would keep any sane person from buying this stock. SEC, no money, and no sales = RED FLAG! So maybe the money is already lined up. I'm looking forward to the next PR. It should be very interesting!
BTW Why is there no agriculture or industrial products listed in “the products list”?
Item XVI Management’s Discussion and Analysis or Plan of Operation
The Company has recently settled an action with the Securities and
Exchange Commission with regard to actions taken by past management.
The Company neither admitted nor denied the allegations that it violated
the registration requirements of Section 5 of the Securities Act of 1933, as
amended. No current officers or directors of the Company were part of
management when the alleged violations occurred.
Management intends to restart production and distribution of the
company’s environmentally friendly cleaning products. The Company
ceased production due to a lack of capital and former management’s
concentration on the action taken by the SEC. Management believes that
its customers will be interested in buying its products again.
The Company will rely on funds from its management and shareholders
during the next 12 months or until sales resume. Management intends to
seek outside funding through lines or private placements of the company’s
securities.
The Company does not presently have any assurances that capital will be
raised to carry out its Business plan.
WG may very well be gone and if not gone yet IMO it is headed strongly in that direction. Maybe WG will achieve zombie status and be tremendously unsuccessful for a prolonged period of time. Unfortunately AllieBaba will not suffer any of the consequences because he is a Teflon SB. Whatever happens to WG, after the law suites are settled, is a non factor for EESO. I have said many times that the consumer products are just window dressing. If EESO is going to be successful it will be because of the agricultural and industrial products. One good agricultural deal would be equal to manny many years of consumer sales IMO.
BTW Judy, I greatly appreciate your efforts to bring accurate information to this board. If the rest of us posted with the same level of integrity as you this would be a much better board!!! GLTA
I’m getting a little impatient myself. IMO the next PR we get will be about trading restrictions being removed. And I still think that the WG situation has to be resolved with the result publicly announced before anything more, good or bad, can be PRed.
So….IMO the next PR will not happen until both the trading restrictions and the WG situation are resolved. Even if WG is the new owner and the suits are being dropped the law suit resolution must be publicly announced. WG and EESO have until the end of May to resolve this out of court. BTW If the company/products are real, and IMO they are, I think Jared is still and will continue to be the majority owner. If I were him I would never walk away from something with so much potential. GLTA
I hope your speculation is correct because that would be very good for the longs.
Is it possible that when the EESO information finally starts to flow we will be able to see the exact ownership structure? Is there any way to confirm the conversion rate for preferred A and B shares? We know 10 million B shares are issued, how many A shares are issued and what are their significance. GLTA
If the conversion rate is 1000 to 1 that would give Jared 10 billion shares. If the conversion rate is 100 to 1 then your senario is possible.
IMO…Anyone that Jared paid shares to already sold them during the last run-up. He hasn’t paid shares to anyone in a longtime.
There are certainly going to be volatile trading days and weeks ahead because many share owners will get nervous and bail out when they can break even or get close to breaking even. IMO the next few months will see a few minor runs followed by dumps by the flippers. The next “real run” will start after verifiable business/profit information is released. Again IMO that should be sometime early next year. As I recall the business for EESO is the strongest in the 3rd and 4th quarter. A release of positive info early next year will start the momentum for a gradually and consistently increasing share price. GLTA
Here’s my prediction. But first I’ll address the replies that will accuse me of pumping or mental imbalance. Of course I could be wrong and of course EESO may not ever amount to much of anything. The funny thing is I will admit that things could go very badly but the dark side will never admit that it is possible that things could go very well. Tells you something doesn’t it.
Having said that it is my opinion that in 12 to 18 months EESO will be at $0.05 per share or better and will be trading in a tight range because there will be audited financial info that will easily support the $0.05 price per share. I also believe that the share price will continue upward because of business growth. Keep in mind that in order to easily support a $0.05 price per share, and I do mean easily support, the company needs to be at approximately a 10 million dollar profit level. A 10 million dollar profit could be achieved in one deal on the agricultural products. Remember the 12 million dollar deal to clean up one reservoir in Korea. Remember the profit margins that were discussed publicly by the company. IMO EESO is finally going to live up to the potential we all invested in to begin with. GLTA
There is still one fly in the ointment, WG. I’m not sure in what order things need to happen for EESO’s best advantage. As I recall late may is the next deadline for the out of court resolution for the suit(s) between EESO and WG. It doesn’t make any sense that anything good can happen for EESO until the WG thing is settled. Even if WG were the new owner a settlement would have to be reached first before any other forward movement could occur. Anybody thinks differently please respond. I am interested in alternate opinions. GLTA
Somewhere there is a list of steps that must be followed by EESO in order to get the trading restrictions lifted. I have spoken to all 3 brokerages I do business with and none of the brokers I spoke with could tell me what it takes to get this done. So…..IMO there must be complete, accurate, and audited financial info and share structure info and company ownership/management info presented to the DTCC. This info should allow the DTCC to clear up any questions/info they currently have that is keeping them in lock down mode. This is simple logic. I know logic doesn’t always apply but in this circumstance I think it will.
BTW Every time there is a new positive post or a new positive fact that is released to the public THERE WILL BE a group that will totally warp it into a doomsday scenario with negative spin. The pattern is that something positive appears on the board and then one poster will post 3 or 4 times back to back with reasons why the positive info is wrong…crazy…pumping…on and on. Then when the situation picks up some really positive momentum the group will try to dominate the board by back to back to back posts from multiple posters that totally demean any and all positive info. I could tell you now who is going to do this but then this post would be deleted ASAP. Probably will be deleted anyway. GLTA
Bama is correct and bbob is wrong. I wonder why EESO was cleared for trading for such a long period of time when EESO had never come close to meeting "the membership" criteria? Is this intentionally misleading???? The formula continues, a pince of fact mixed with a pound of negative spin. GLTA
IMO…This is all about complete information and transparency. When EESO becomes fully transparent and all information…..ALL INFORMATION….is given to the OTC and DTCC then the restrictions will be removed. Accurate and complete info regarding share structure, ownership, and financials will be required before anything happens. If in fact there are new owners they must have been smart enough to know what was going to be required before they made any deal to take over the company. The good news is, IMO, this situation can be cleared up only by bringing the company completely current in its reporting status. We may not like everything we find out but at least we will know what the real situation is. All IMO of course. GLTA
The next PR, in March would be nice, will have to address the trading restrictions. No point in addressing anything else until the trading restrictions are solved. IMO
Yesterday I called the transfer agent listed on the OTC EESO info. The woman I spoke with said that she cannot give out any info at any time no matter what, period. At the end of our conversation she did say that "the CEO is working very hard to correct the problems". For what it's worth. GLTA
Yo Long, let them make fun. We are going to have the last laugh and, more importantly, THE MONEY! GLTY GLTA
As things get better for EESO the 15 post limit will be exercised by all the SESB's that want EESO to fail. Follow the increase in anti EESO posts and you will learn who not to listen too. An intensity increase from the dark side is a very good sign. IMO
What will it take for EESO to trade higher? 2cents….3 cents….5 cents…..10 cents…?
I am interested in all opinions as too what it will take for any of these levels to be achieved. If you think EESO is going to fail and never have an increasing share price then you don’t need to answer this post cause that is not the question I am asking. The question is "what will it take for EESO to reach the above mentioned levels". More specifically at what profit level (with audited financials) could the above share prices be realisticly attained? All answers to the question I am asking are welcome. TIA GLTA
I sent an email to our new CEO today and below is his quick response.
Re: EESO
From: Mr. Timothy Jay Bredemeyer <tjb@enzymeclean.com>Add to Contacts
To: xxxxxxxxx
--------------------------------------------------------------------------------
xxxxxxxxx,
Disclosure will be coming soon. I am working very hard on getting the trading hold removed as well as updating corporate information and obtaining current reporting status on OTC Markets. Over the next weeks, there will be updates regarding the company via press release.
Thanks!
Timothy J. Bredemeyer | Chief Executive Officer
Enzyme Environmental Solutions, Inc. (EESO.PK)
875 North Michigan Avenue Suite 3100 | Chicago, IL 60611
office: (312) 794-7786 | fax: (312) 794-7801
I don’t mind being patient as long as the EESO management is doing a good job of communicating. This long silence has been EXTREMELY FRUSTRATING!!!!!!!!!!
The new CEO is going to experience a sh** storm no matter what he does. If he gives out positive and accurate info about the business then he will be called a liar, cheat, scum bag, pinky scam artist….on and on. That is because there are some that want EESO to fail no matter what. If he then produces audited financials that support his communications of positive info then the auditor will be called the same nasty names as the CEO. No way to win on the message board. Silence from the new CEO will get the same name calling reaction. The only win will be with rising stock price. Already he is taking a load of crap because he comes from a background that is unrelated to the EESO product category. He has already been belittled about the incorrect use of one word.
Some of the most successful CEOs on the planet became successful by moving into a company situation that was totally unfamiliar in terms of product, and many of them can’t spell for **it and/or choose the incorrect word time after time. I don’t care if he can spell. I care about his integrity and his abilities. It is my sincere hope that he has a very thick skin and is smart enough to ignore the personal attacks that are already starting. If he can do that then the longs will most likely get the level of communication that we deserve. Here’s hoping that he is smart and tough! IMO GLTA
It’s an interesting theory. I posted before that I think there is a convoluted deal going on behind the scenes with EESO. If there is any real value in the company, and I believe there is, I don’t see how Jared could get anything even approaching a fair price at this time. So if the value is there then there could be some kind of deal that gives control to another party without actually consummating the purchase at this time. Jared could certainly assign his voting rights for his shares to another party, with conditions to protect Jared, without selling them right now. Then there could be an agreement in place for a buyout of Jared’s preferred shares at a price that is tied to a business level and a time frame because anyone wanting to buy Jared’s shares would also want to be protected from loss until the company actually proves its value from verifiable performance.
IMO we will get a better feel for things after EESO regains current status with the OTC because the info required to become current will tell us a good bit more than we know right now.
According to many previous posts on this board the only broker that is facilitating trades on EESO at this time is Fidelity. So if you have an account with Fidelity you can buy or sell EESO. I have accounts with E*TRADE, Ameritrade, and Zecco and none of them are allowing buys or sells. FYI GLTA
As frustrating as it is all we can do is wait. All the DD and info is a good thing and I for one am very appreciative of the efforts by the people that are trying to keep all of us accurately informed!
But here’s the thing…...EESO is in no man’s land and is not going to return from zombie status until a few things happen. Stock released and trading again…...full transparency……consistent and accurate communication from the company too investors...restored confidence in the company management.... verifiable and profitable sales.
IMO all of these things can happen but it’s going to take quite a bit more time. So the longs will have to exercise maximum patience to come out of this on the plus side. I think we are talking about a time frame that is not measured in months. Minimum of one year and could be two. IMO GLTA
If “going green” is dead then we are all dead people walking. Of course it’s not dead and neither is EESO. Talk about being out of touch with reality, holy cow! Even the political aholes that are fighting the green movement know that it is the only thing that will save our one and only planet. The number one major problem with politicians as well as investors is short sightedness! Everywhere in the world, except in the good old USA, the green movement has great momentum. The politicians are fighting it for short term personal gain. By protecting the companies that stand to lose the most from the green movement they will receive huge bribes. It’s funny, the general population has elected people that don’t give a s#^t about them and will, for short term personal gain, let the planet go to hell.
In the not too distant future the most important thing to know, by far, about someone running for elected office will be their policy on environmental issues. Where we are now…. Picture a ship that is sinking and is about half under water and protruding out of the water at a 45 degree angle. Now picture our elected officials standing on the remaining dry deck talking about which direction to sail the ship. Stupid is a totally inadequate word to describe this situation. IMO GLTA
Yo BBob, as I said, in a year ALL SHARE HOLDERS PAST AND PRESENT can join in a class action without losing any legal opportunities. All share holders past and present would be… let me see now… oh yea that would be ALL share holders. Why would you want to say I don’t care about all share holders? Sounds like a personal attack to me. You are wrong.
Of course if the point is specifically too, as soon as possible, hurt current share holders and hurt any possibility of a recovery by EESO then by all means go ahead with the legal action. A recent post pointed out quite correctly what the results of a class action will be. So the only real results of a class action would be to hurt current share holders and EESO. I have seen posts about this for a long time but no one seems to want to step up to the plate. I think that’s because everyone realizes it is a total waste of time and money. A class action suit is much more of a pipe dream than is an EESO recovery. GLTA
I agree. It seems counterproductive to go after a class action at this time. In a year or less we will know with reasonable certainty if this was a total scam. At that time the statute of limitations will not have come into effect so we could still go after anyone considered a key player in the game. IMO any legal action now will kill any chance of recovery. Regardless of what anyone’s opinion is about scam or no scam no one has conclusive proof of either view at this time. Making decisions based on emotions is absolutely a big mistake. Give this situation some time to become clearer. If in one year the situation is still basically the same as it is now I will join in the suit and throw in some money for legal expenses. But don’t do it now and kill any chance of recovery. Waiting one year hurts no one and any legal action anyone wants to take is still available. Acting now just totally screws anyone still holding shares. I would hate to think that anyone would take this action knowing how many people will lose out at the 100% level on their stock. Bottom line is that a class action at this time will hurt share holders much more than it will hurt anyone that is named in the suit. This is my opinion but it is also a fact!
I completely understand the frustration. I feel it too. But is now a good time to file suit against Jared or EESO? He was given lenient payment terms by the SEC because of his financial situation which would indicate that there isn’t much to accomplish by winning a legal suit. And the SEC is absolutely first in line for Jared’s assets. It would feel great to nail someone that screwed the share holders but at what cost and what reward? I am willing to wait and see how the SEC pays out the disgorgement and also to see if anything positive is going to happen with EESO’s business. We have a much better chance of recovering some money from the SEC payout then from a class action suit against Jared or EESO IMO. A suit now is just putting a round in the other foot IMO.
At some point I would be willing to kick in a couple of bucks too but not until I am totally convinced that this is a scam. As of now that is not how I see things. We have waited this long so why not give it another year to see where it goes. I just don’t see any positive effect for share holders from a suit AND on the off chance that EESO could make positive business progress AND another possible run up in the share price, would a pending class action kill those possibilities? I'm willing to be patient for now. All IMO of course.