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Won't happen within the next two years. By then everyone, other than Clint, will own 80% less in shares. Middle of 2011 will not happen. Not just, JMHO, just fact. It will be at least a year before "approval". Send me a pm and I'll bet you.
You can buy mine for .10. Send me a message.
ETNLD will open at .014 on Monday. No-one will be able to sell at .10. I wish my portfolio was up $4000 based on the .10 close but that is wishful thinking. Wait and see. JMHO.
Yes, employees have been selling. Lots!!
When does the first "brick" happen?. This is good comedy!!
I will answer that. I will say "great, I hope ETNL is now moving in the right direction and the future pps reflects it".
Now, what are you going to say if the 500 casket sales don't come to fruition?
GO ETNL rah, rah.
Actually it says "our SEC counsel". Nowhere does it say they conferred with the counsel of the SEC. Heck, I could be their SEC counsel.
Do they also realize that the reason most people aren't selling is because they are already down 90-98%. I've got $20k invested that is worth $315. Why would I even think about selling? What's another $315 loss. Don't give me the average down line. (I would be down more money if I followed that concept). Also, don't assume I'm not disappointed, I am very disappointed. It's actually gotten to the point that I really don't care about the remaining $315. Good luck with your future purchases; however, they won't be from me. I'm going down with a 100% loss, come heck or high water!!
Still believe?
No I don't agree!!!
I own a new car dealership that does over 30 Million dollars a year in sales. I know, and any person that I employ knows, what sales are. It's posted every day (car sales and service). It doesn't take an audit to figure out whether the facts are true or not. My financial statement is final by the the 10th of the following month, but I already know from day to day operations what the results will be. I'm sure ETNL knows what their results are, the day after the end of the month. So, yes, they should know the a/s. despite an audit.
Frank,
Your dogs have the same look my wife gave me when I told her about my investment in ETNL. "WTF were you thinking" was the look!!
Look on the bright side. Matthews is going to buy 2000 caskets!!
How could one possibly "be down less money"? The percentage of loss would be less but the money loss would be more!! The price is as low as it has ever been, so how could someone be down less money unless you bought below this price?
I'd say the pace is very controlled. No pace at all!!
Reality just set in for someone!! They had to buy a Thanksgiving turkey. Sold shares to do it. Looks like sox and deoderant for X-mas.
Or, you could be like me and down 95% from my original investment. Why sell? Only five more percent and I'm down to a 100% loss. Don't give me the averaging down scenerio either. Means more of a loss just less percentage of the investment.
Good thing it was good news. Only went down 8% today.
No more ridiculus than Basser1 playing the 100% return card. Eventually he will be right.
I bet you can get all you want. Don't just hope. It will happen if you want.
And if they don't lend money ($5M LOC), after DD, the business model is "no good". So far, no-one has loaned money!!
Actually it was a 1 for 20 split, so the value would be $8.
If potential investors are basing their investments on conversations from this board, they deserve what they get. I would hope that a message board is not the only DD an investor would do.
No. I don't agree.
5M LOC
My suggestion with the LOC is to put a casket and urn in every major funeral home, on consignment. If the the casket or urn is there, people would be more inclined to buy it. Once the casket or urn is purchased, you replace it with another consignment. If funeral homes haven't sold the casket or urn within six months then pick it up and move it to funeral homes that have numerous sales. JMHO
Doesn't make ETNL marketing very smart. I think that's what you ment to say.
They better be concerend about the mom and pops. Most funeral homes are mom and pops!!
How much do you want to bet? They've all been here for more than fifty years and not using ETNL won't bankrupt them. This gets more comical every day. How much is the bet?
I live in this town and own stock. Why wouldn't the funeral home?
On another note, I have talked to the three funeral homes in my home town (population 16,000) and not one of them has heard of ETNL.
Nobody knows the profit margin (true or not true?). Even if all 2000 casket's are sold, which will not happen in one quarter, the profit margin dictates the PPS. With 780M outstanding shares, it takes a lot of profit to move the PPS. If you can't see that, you are not thinking with commen sense. One year ago IKAG and Lurker were calling me an idiot for not "averaging down". If I had listened to their advice I would be down more money than I am now. My percentage of loss would be less but my loss would be more. ETNL needs to reduce OS shares and produce income to move the PPS. If the financial industry thought this was really going to happen the PPS wouldn't be at .0042. This is fact, but according to the chearleaders here. I must put JHMO.
I'm not saying it's not good enough. Non-one knows the profit margin, so sales are irrelevent until you know the profit. If you divide reported "net profit" by 780M shares, you don't get much. Am I missing something here. If I make $50,000 a year, am I worth $8M assuming no other income? Please buy me.
What has the quarterly income been in the last two years? Not much. So, yes, they are hanging their hat on Matthews.
ETNL is hanging their hat on the Matthews deal. If I'm a banker, I'm asking, where is your income coming from? Right now it's Matthews. That's the business plan. For those of you that think that the LOC is based on something else, your're wrong. No Matthews deal, no LOC. I would think that the projected Matthews income has something to do with future sales. JMHO.
Due diligence. In real estate when a big commercial company puts a contract on a prime piece of real estate. They are given 90-270 days to due their due diligence. They will do traffic counts, income median, unemployment status, ability to hire qualified personnel and how many businessess similar to them in the area etc. I would think with a LOC the bank would be looking at a business plan (Matthews), previous sales (?), income potential, profit margin, businessess in same market and what they are doing profit wise etc. They will do this and make a decision on whether they feel as if they will get their 5M back. That is due diligence. I it will not be a quick process. JMHO
I won't feel bad at all for not buying more shares. Averaging down just lowers your cost base percentage it doesn't lower your loss. It actually increases your loss if the price goes down. I'm glad I didn't "nibble". I'm satisfied with the amount of shares I have, but terribly disappointed in the PPS. If the investing community was as convinced as you are about Matthews and the LOC, the price wouldn't be where it is now. JMHO.
I would love for all this to come to fruition. However, right now, this is still talk nothing confirmed. P.S., I guess they still plan to retire those 5M shares!