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10-Q is supposed to be out this week. Revenue is one of the shareholders major concerns. Less than $400k/year in previous gross revenue. Lets see what the first quarter 10-Q shows. Keep in mind that manufacturing and distribution was all revamped at the end of 2008 and the PM line just came out. I anticipate revenue growth starting in 2009 and would be satisfied with a solid $250k/quarter by EOY.
My other concern is the O/S. With revenue growth I believe this stock could easily trade 1000% higher than it is today even with O/S of 600m shares. Other stocks are doing it right now. But EI must reassure shareholders that another R/S isn't in the works.
FLIPPERS...you should be loading up at .01 As soon as the 10-Q is filed this week the uplist requirements will be satisfied. It can't be worse than the 10-K. The panic selling and the anger selling is about over. You know EI is sitting on PR's. Don't miss your next 80% pop.
5* We have different perspectives but that is ok. I don't think EI would spend $700k plus to uplist and make themselves transparent if they were running a scam. But I will admit that was one ugly 10-K. Preparing that form must have felt like "going to Sunday confession". I'm still holding, flippers are still flipping and life is good!
I'm not pleased with that and I have stated it. But the point is the notes are gone right?
Ok, Mr. Super Hero....Who only provides accurate informtion.
Explain why you would point out all of the note holders from the 10-K with the word "ouch", but fail to add that it also says in the 10-K that half of that debt is already paid off?
Isn't that the same thing you accuse EI of doing. Half truths, lies?
No, I would be the second!
You mean like a super hero or something?
I'm not doubting there is revenue but the question was, "Is it keeping up with expenses?" I don't think that will happen in 2009.
It doesn't need to happen in 2009 if EI shows responsible progress towards balancing the books. I would like to see steady revenue increases from $400k/year to $400k/quarter by EOY. We should have a feel before Friday.
Mid, Do I think revenue is keeping up with expenses right now...No way. Do I believe it can...Yes. Do I believe it will...Someday. Will it be in my lifetime...Hope so!
I can't recall, and I'm too lazy to look it up, but what products were there to drive revenue in 2007? AKC?, Cat Fancier?, was there anything else? In 2008 the line of MLB urns was expanding, but I don't think all of the teams were out by EOY. The MLB caskets came out at the very end of 2008. David (sales) was out for all of 2008. EI reorganized their manufacturing capabilities and distribution networks too late in the year to reflect on the 10-K. They just added the PM caskets in 2009. The 2009 10-Q's are the key don't you think? That is where you will get your answers...I can only guess.
We need to flush the toilet one more time. All you fence sitters should sell off tomorrow and drive the pps down to .003 so I can buy in at the same price they gave their "family and friend" investors.
There was information released that the MLB license was renewed.
Some panic selling. And some PO'd selling.
I agree ypsi. Clint has plenty of room to pull a rabbit out of his hat and make the shareholders smile again. If he wants to that is.
I'm still waiting to see, so far. Been at 001 before. Knew what I was getting into when I bought a pinky.
Lurker, we have traded with this share structure for a couple of months and seen pps go up nearly 90% in the last month before the 10-K frustrated longs and the 90% evaporated in three days.
But all that debt EI just converted to equity hasn't started to trade yet. And according to someone's earlier post the 100m+ shares were given at 003 pps to pay off that debt. We have 100m of those shares to deal with in the coming months and a new O/S of 600m+ to do it in. And the company announced in the 10-K they are planning to sell more shares and/or take on new debt to continue operating.
Gives new meaning to the word "Long" doesn't it. I don't mind holding and even purchasing more shares if EI corporate will show me how they plan (with details) to operate for the next 12 months without excessive dilution followed by another R/S. Oh yeah, and they need to ungag the TA, start filing on time and show revenue growth in the 10-Q's for the remainder of this year.
I'm not nearly ready to throw in the towel either. EI has put a lot of expense into this uplist. If ALL they wanted to run was a stock scam they wouldn't do that. The uplist will make it harder to run a stock scam not easier. That part is not a question for me. But that doesn't mean that they aren't capable of building a legit company so carelessly that they ultimately break the backs of the intial shareholders and then keep hitting the reset button until they have the share structure they want.
Bigger question now is can corporate grow and run this company or not? We've surmised all along that the company was on sound footing and the stock pps would follow. The 10-K wasn't pretty and I did not expect it to be. Much of the losses stated in the 10-K were from exec bonuses in the form of stock that hasn't been cashed in yet. Corporate gave the 3 principals almost 200 million shares. Some of that could go back into the treasury as a show of good faith. They can adjust the voting structure easy enough.
I'm trying to focus on what the true bottom line costs of running this business are including reasonable operating expenditures, salaries and benefits for the current financial shape. If EI execs are going to behave in 2009 like AIG execs did then Sparks made an excellent decision today because many more shares will have to be issued to pay for it and the R/S will be coming. Not unlike the way our government is running right now.
If EI corporate tightens their belt I believe they are capable of generating enough revenue by EOY to offet the basic necessary operating expenses without another R/S. I think EI corporate is capable of doing what is necessary, but I'm unsure if they are willing. All I'm asking for now is a financial plan with some tangible details!
You didn't miss anything. EI said the Q was completed and merely waiting to plug in the 10-K numbers. Guess that will take another week. I thought that was why we hired a controller, to get this stuff done.
Stalling for something IMO...probably looking for some sort of financing they can announce to keep operating through this year. The K makes them sound broke last Jan 1st but we are already six months into 2009. Money must be coming from somewhere.
Nice job Lurker...I agree with all those points.
But what really irks me are the excessive executive bonuses. Not earned at this point in time IMO. $1m split 3 ways might have been appropriate, but $4m+?
There may be a total of 3600 shareholders but EI is catering to 118 right now. How long do they think that little group can float their boat? Time to be real is now, with the uplist. If Clint wants help from the other 3482 shareholders he needs to come up with a big olive branch and I doubt the 10-Q is it or we would have already seen it.
I think the three principals should...
1) Retire or return about 110m shares to the treasury to reduce O/S back to the neighborhood of 500m.
2) Get the books financially healthy before taking multi-million dollar bonuses in the future.
3) Stop converting debt to equity at 1/3 value. You have transferred that debt to the long term investor who will have to wait for their return until another 200m shares are churned.
4)Take better care of your shareholders, we can help you get rich by driving the pps up. Use some of your money to build the company.
That is exactly the same place I am at!
You should start communicating with us Clint. If I get ripped off by an R/S I could easily turn into a PITA_GATOR!!
Thanks Dancy!
The uplist will start the clock ticking with filings, PR's, etc. With transparency all will be seen as we go forward. The results of toxic financing and executive perks are damaging ETNL and EI. More dilution and fiscal irresponsibility will destroy it. I encourage everyone to let the company know that. Let the clock start ticking (uplist), let the PR's start, let the filings come, see what EI has to say and let play resume.
I think we should send EI corporate a message and ask for a shareholder conference call with the Board. Together we could craft a simple statement, take a poll on it and forward the statement and poll results through Tony. We could attempt to state the shares represented, it might be an impressive number. Lurker, would you be willing to represent the shareholders in negotiating an agendized shareholder conference call through Tony? Or a "GoTo" meeting if they have visual aids. I'll chip in for the cost. The shareholders here deserve that.
IMO EI and ETNL are going to fly or die together over the next 12 to 18 months. Excellent idea, tremendous potential. No doubt about the products taking off someday IMO. But it could be after the licenses, designs, patents, etc are all sold off to Batesville or someone else. I'm not sure what that would mean to ETNL shareholders.
To a couple of posters. You can decide if it applies to you or not...
I don't mind if you accurately (truthfully?) point out and comment on your concerns with the 10-K, 10-Q, PR's, executive perks, etc. I would like to hear those opinions. But comments that skew the truth (good or bad) do nothing to help the current situation. Everyone here should know what a company can potentially do to share structure. Blatant misrepresentation towards the negative that helps to drive the pps down further only hurts the other shareholders and appears to be for your own personal greed. It means nothing to EI.
I know, I know, I know...EI doesn't need any help to drive down the pps, so how about you stop giving it to them with half truths and outright lies. That is not balance, that is greed. BACK IT UP, or SHUT IT UP!!!
How did you come up with that figure (down 50%)? The close two days ago was .018.... We were at .0125 around the time of this post.
Is it a lie or a mistake?
Posted by: fivestar Date: Friday, June 12, 2009 1:23:11 PM
In reply to: Lurker from Mars who wrote msg# 168760 Post # of 168798
try down 50% from 2 days ago..
Thanks,
I noticed in the 10-K that a lot of those debts were converted to equity in mid January. That's when the PR's started rolling out again and that's when the P&D happened. ETNL peaked around Feb 1st.
Sounds a little shady to me, but the good news is that you could be right. Those shares could have started trading months ago. The pps was recovering nicely until everyone saw the new O/S figure.
What I did like was that Waterloo converted a $50k loan into equity. Someone believes!
Lurker, has it been determined if all of the recent increase in O/S was connected to the debt payoff?
It's a bit greedy considering the company's financial health. I think they should give some shares back.
Oh yes, I read it.
It's very clear the company has limited cash on hand and that it is time for EI to put up or shut up. Uplist needs be completed. Quiet period needs to end. Revenues need to start trending up. Stock will follow.
Nope...you didn't say it. It was said to you.
I believe the 10-K. The website needs some work. Apparently they are not spending much money on that.
Do you believe that stating there are only 118 investors is "telling it straight"?
Are you going to start up with that spin again? I was just beginning to enjoy the peace and quiet! LOL
------------
Posted by: LC-GATOR Date: Thursday, June 11, 2009 6:48:14 PM
In reply to: dffhogs who wrote msg# 168568 Post # of 168627
Amazing how things come true. The writing has been on the wall for a long time. Clint and crew has been milking this thing for a long, long time.
118 share holders. Everyone here knows its closer to 3600
Stick around, it's going to get worse. You've been saying that for a long, long time and you haven't been right yet
What stuck out to me was the decline in urn sales. What's a few hundred urns mean? What stuck out to me was the casket sales and the record that was set in December 2008.
What is the truth here.
1) Bad market?
2) Bad management dicisons?
3) Market doesn't care for the products.
4) Sales manager called to duty in Iraq for 2008.
5) Company announced in early 2008 they would be concentrating their efforts on uplisting the stock and restructuring their manufacturing and distribution side. It was made perfectly clear that sales were not going to be the #1 priority for 2008.
One thing for sure. This company has been losing 2-7 million a year with only about $275,000 in sales. It's a start-up company in an expensive game. I will give you that EI got off to a very slow and rocky start, but there has also been very good progress in the last 8 months with new products coming to the market that have excellent potential. These will have little if any impact on the 2008 financials. The 10-Q's in 2009 are going to tell which direction this company is headed. Last years 10-K is a good foundation for measuring the company's progress and potential for success.
These numbers spell BIG TROUBLE. I don't know about you but I wasn't expecting much better results for this 10-K. You should watch the 2009 10-Q's. They should be timely from here on out with the new controller.
The days are numbered before ETNL see's .000. You've been saying that for a long time too. Cheer up! More bargain prices for both of us.
Good Luck. GLTY
Those are both very good!
You can't take out "reflect" because it goes well with the company name "Images". I really like the slogan overall, but the word "products" is a little dry.
It's a branding concept and it has to work for everything. Why not add one word..."Designer products that reflect a life well lived."
EI worked on this over the weekend. This is the week...right!
10K, 10Q, Uplist, PR, PR, PR...All on the same day...LOL
Wow...someone is munching, forget about nibbling.
Obviously TLV, I am seeking more knowlegde in the area of investing. Keep in mind I am thinking long term and not interested in flipping. So help me understand your point of view.
I've heard the arguments about the gagged TA. Tell me why I should be so concerned today? Maybe this was a gagged pink stock in the past, I don't know. I don't see the advantage for a cash strapped EI to go through all of the expense and effort to become fully reporting and uplist to OTCBB if they wanted to remain a gagged pink stock? Have you read the posts about what it takes to get this far?
I don't think EI's strategy is to make their fortune by ripping off the investors. If I owned this company I think I could make far more money by designing and licensing branded urns and caskets, and then getting the biggest players in the industry to manufacture and distribute them for me. I would just come up with ideas, negotiate the license, design the products, collect the revenue and watch the pps go up. As the revenue stream grows I would strategically reinvest it back into the business by expanding the product line further until I couldn't go anymore. To me the potential is staggering. Someday, maybe 20 years from now, I could see 50% or more of the urn market as branded products, maybe 25% or more for caskets. That's the generation that's up next.
Some people think this is a hallucination caused by drinking kool aid. But, I just think the concept is so good that EI might not be the only company doing this in the future. Didn't I read a post sometime back that EI is turning big time players away (Marvel Comics)? But we sure do hav'e a good head start and the EI products so far are kick ass. Have you looked at them? Far more interesting than calling the transfer agent IMO. I'm satisfied with the numbers posted in the Ibox.
I think some people are too hung up on the past. To me what is more important at this stage of growth is to get those 2008 revenue numbers for a baseline, so we can evaluate the company's progress through 2009. The second half of 2009 is starting to look promising with the PM line don't you think?
Yeah TLV, I gave up on all the others. But still accumulating ETNL.
Up pretty good today for a simple website message and relatively low volume..don't you think? When the revenue starts flowing from the PM line you'll wish those 25k shares of mine were yours..LMAOATWTTB
Nice call on ETNL today, TLV...
P J IMO You Will Fill @ .0099 By EOD.
According to Tony, 10k audit and uplist are being worked on simultaneously and 10k is supposed to be out this week...
From: Tony Fazio <cambridgeir@comcast.net>
Subject: Re: Three year investor
To: "MS" < -------@calfire.org>
Date: Tuesday, April 21, 2009, 2:31 PM
Dear ----:
Thank you for your ongoing interest and please know we are doing everything we can do finalize the current 10K audit and simultaneously meet all regulatory requirements for ultimate uplisting.
Nicely stated!
According to Tony, 10k audit and uplist are being worked on simultaneously...
From: Tony Fazio <cambridgeir@comcast.net>
Subject: Re: Three year investor
To: "MS" < -------@calfire.org>
Date: Tuesday, April 21, 2009, 2:31 PM
Dear ----:
Thank you for your ongoing interest and please know we are doing everything we can do finalize the current 10K audit and simultaneously meet all regulatory requirements for ultimate uplisting.
These are busy, hectic days in a very difficult economic environment and we remain focused on building the business and improving our position in the marketplace.
We hope to share some very positive news in the coming days!
Stay tuned,
Best Regards,
Tony Fazio
Investor Relations
DRMVZ...That is the ticket! Start moving product without getting buried in debt and the stock pps will follow...No doubt about that.
Thanks Lurker...Should have known better than to fall for more of that "negative spin".
Maybe I should pick up a few more of these bargain shares. I'm feeling an uplist is coming by EOW.
Thanks Bee!
When you say they have been gagged...what has the transfer agent not said, that they are required to say?
I'm not familiar with the reporting rules governing the transfer agent. I would like to learn more details if something has been hidden.