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What ? No fluff to pump the dump ? But . . . but we NEED fluff :(
Yes come on folks we can do it !! Drop your bids, and if you hold, sell below the bid and get something for your shares, better than zero! Drive it to zero as quick as you can, hurry time is of the essence. I am not a licensed broker, so please be aware that all past, present and future comments are all my own opinion. But guess what, I have been calling this pretty damn good if I say so myself.
It looks like there was a 504 if you believe this post from Nov 2.
Posted by: legalegaltx
In reply to: None Date:11/2/2006 12:03:59 PM
Post #of 22288
email from clint:
From : Clint Mytych <clintm@eternalimage.net>
Sent : Thursday, November 2, 2006 4:34 PM
To : jenna webbwitch <webbwitch@hotmail.com>
Subject : Re: Eternal Image Website Inquiry
| | | Inbox
Eternal Image is not selling shares...we havent recieved funding from issued 504 shares in over a month. The firm that took the 504 shares may be selling a little today, but that is nothing that Eternal Image control.
Clint
(checks calendar) Its a year after the initial 504 filing. But they did file another paper REGDEX so its hard knowing just where things stand now. Noticed that Parliament never answered the 504 question directly ? Maybe there never was a 504.
Pretty much agreed, though they can only raise $1 million per year using the 504 method. More of this should become more apparent when the audit is released. Hopefully these guys have a handle on how fast they can afford to expand.
Flipper, there as no such thing as a 'line' on the pinksheets. It doesn't work that way. Don't ask me how I know, just find out from someone else who knows.
It looks like this is being pumped and IMO likely massive dilition will bury this issue under a penny.
H.O.G. what value did this board EVER have ?
I could try to explain it but go here -
http://www.pubcowhitepapers.com/whitepapers/paper/convertible-securities---death-spiral
Personally I would be disappointed if they went this route, expecially with Parliament on board. But the share price and trading action looks to me like that is what is happening.
You have to wonder if some kind of toxic convertible is in place beyond the 504 financing. And T/A is gagged because they don't know when the converting is going to end. The lower the price the more shares are converted. IMO as long as we see CLYP on the ask ANYWHERE ANYTIME it means more toxic shares have yet to enter the market. They need to buy out the convertible right now if possible, if it exists. It might even be holding up the audit.
The U.S. Trustee is not at liberty to discuss the case, and referred me to Mr. Miller, stay tuned.
Well hopefully MJ is doing ok, even if it hasn't been making any difference so far. With MJ there is hope.
True that really was a toxic stock - anyway, does anyone know how MJ is doing ? Has he had his surgery yet ?
There are a few others but Goofy did it for me . . .
I still can't shake that mental image of Goofy getting dumped in the hole . . . lol
Actually thats pretty good, its just that people are only now getting a perspective as to what we have here. Its going to be too slow moving for some people here. Remeber that Clint and company have been at this for 4 years now have this is where they are today.
Yep unfortunatley - I call it a Dart Chart Fart. Another one.
Right call them the Corpses !
Not really a question, but more a request for the company to PR the highlights of the cc or just make a progress report. That should help things get kicked in the right direction.
They have until Feb 20 to r/s I believe in order for them to beat their old record of the shortest time in between reverse splits in the history of Wall Steet, 215 years. Yes it is the all time record and they are on pace to break it.
s8 filed for 3.2 million shares. This is going hard toilet - I am a watcher and not a buyer at this time. If these guys were smart they would have cooked up some news or something to sell these shares into. But I guess not. Do they have anything going on ?
Question to anyone who bought recently -
How did you hear of this stock ?
Did you know they came off a reverse split ?
Did you think this was a new issue ? Why ?
Probably all those automated sharebuilder programs and employee stock purchase programs that nobody is paying attention to . . .
Yes they are making excellent progress towards breaking their old record between reverse splits of 2 months, 5 days I believe. It is important to sell at or under the bid otherwise you may never get filled. Remember if you are holding this stock you are in competition with others who are desparate to sell.
Stocky - yes markets closed for MLK.
I know they were pumping dilution in this company in one of the stock chat rooms last week. I am not sure if certain parties were compensated either directly or indirectly for pumping the stock. Big problems if they were and did not disclose it.
Hope you guys are getting out with anything you can as it will soon be in Joeys pocket. Its food for his baby. Yank it out of her mouth.
BKMP is run by a well known diluter, reverse splitter, worthless dividend spinner, Sandy Winick. But it looked like he and BKMP was on the cusp of success when Ryan was killed in a tragic accident. I don't think Clint and his crew are of the same mold as Sandy, though.
hey pfrenz, hope things are going well. I misread the bottom here at .0030 but added a ton more at .0012 and .0014 - I like whats happening here and these guys chances pretty good if they can manage their expansion well. They need to get some cash flow going, if they havent already.
Theres our .0013 - I knew some wobbly kneed weakling would cave in. Lets go.
No they need a permit. There is some kind of problem and nobodys talking.
LOL he is showing 0, hmmm . . . hope he isn't off somewhere reloading.
The market maker CLYP better log out and not come back for the rest of the day.
There you are getting it. Now if everyone dropped their bid the dumpimg will be forced to occur at a lower level, the danger being the a/s will max our and someone will have to go to the trouble of increasing it. .0010 on the horizon. Not that we would get there necessarily, but it is on the horizon.
Our Good Ship Ebeneezer Spooz, still adirft in the doldrums on the Pink Sea now 10 months, has had all its leather eaten by the skeletal crew in their effort to survive. Fortunately its been raining day and night for the last 2 months so water is not a problem . . .
You can write and argue gamesayingly but you don't know what is up, down, sideways, where you are, were, going, or even which side of your toast you should butter IMO. Ignored. Don't let me bother you. Carry on.
Whoops !! Chemistry 102. You were doing ok for a while.
Update - my apologies for the long gap without an update, hope everyone had a great Holiday Season this year.
The bankruptcy case was converted to Chapter 7 on 10/31/06, Creditors Proof of Claim due by 3/14/07, Government Proof of Claim due 4/30/07. I will attempt to gather more information from the trustee(s) and various legal counsel assigned to the case. The price of the common stock fluctuates between .0005 and .0020 and continues to trade, and I suspect it will until the Chapter 7 is finally discharged. I am researching any current legal action being taken against R.E. McDonald and will advise. If anybody out there has anything please feel free to chime in.
Trustee
George L. Miller
1628 John F. Kennedy Blvd.
Suite 950
Philadelphia, PA 19103
215-561-0950
Email: gmiller@millercoffeytate.com
U.S. Trustee
United States Trustee
844 King Street, room 2207
Lockbox #35
Wilmington, DE 19899-0035
302-573-6491
Glad to see someone awake around here . . .
Thats about it - all I can see of that guy is someone sitting on the toilet, doubled over and squirting. Nothing else there.
Signing off this board, does not look like WOLV will ever become investment material again. Sorry to say that, good luck in all your future evdeavors.