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Me? Sure that wasn't MC1?
Are you Kidding me? This is the companies idea of "very positive developments"? The tweet said upcoming PR(s) (as in plural more than one). Let's hope the next one says something positive that hasn't been said 4 times before.
JMO
By definition the MM exists to create a market for the underlying security. When there are buyers and no sellers the MM, which maintains an inventory of the underlying security, becomes the seller. When there are sellers and no buyers the MM becomes the buyer.
Let's face it this company doesn't have any good will or investors interested in them; therefore, the buyer can only be the MM. I've thought about taking the time to compile all the PR's over the last 2 years, and show how not one has become a reality. They once said they had funding from an investment firm in NYC, now they're selling 1.6 billion shares of stock. They increased the AS to 3billion under cover, until someone did the research to pull the information from a website in Wyoming (where they are incorporated). They filed to sell the 1.6billion shares on a day the markets were closed in the US (again, shady behavior). On march 2nd they said they had "positive news for us next week on financing". Well next week was 5 weeks ago. New CEO has never addressed the shareholders, and clearly has no friends with money lining up to invest in his new company. I could go on, but to what purpose?
JMO
I kick myself in the ass everyday, but thanks for piling on.
The MM is happy to buy a gazillion shares (1.6B is what the company wants to sell) at .003 and sell at .004, while the rest of us are looking for .04. Of course once there's 2.6B shares OS (1 billion now and 1.6 billion being sold) a price of .04 would mean a market cap of 104million (like that's ever going to happen, not!). We're screwed here, this will never see 9 cents again until after a reverse split at some point down the road.
Quite a bummer, actually. They just couldn't execute on any of the deals they entered into and now with no money in the coffers they're selling 1.6billion shares. Current shareholders are the losers.
JMO
Consider this. The MM is buying the stock the company is dumping, not new investors. Should the stock try and make a run in a couple months the MM will then dump their shares on new investors and effectively stop the run. So a double whammy first the company dumping and then the MM dumping.
JMO
What's not funny is how many times EAPH has been close to a major breakthrough over the past two years and have failed for one reason or another. This shareholder is skeptical, until I see one meaningful business endeavor come to fruition. I'm still of the opinion the cancer drug deal in Mexico is much much bigger than the female products in Mexico, and the information on that front has stopped much like the MJ information has been non-existent.
JMO
SHARE STRUCTURE
3 BILLION SHARES AUTHORIZED
1 BILLION SHARES OUTSTANDING
FILING ON MARCH 25, 2016 TO SELL 1.66 BILLION SHARES BETWEEN NOW AND DECEMBER 31, 2016
I know, but I'm one of those 198 shareholders holding on to a sliver of hope however small that sliver may be. I wish there were 10,198 shareholders and there were interest in this stock, of course if they executed on, I don't know, let's say 10% of what they say they are going to do, things could get better.
JMO
In other words the company doesn't "lie" to the public, it's just that the information is scattered about and the public has to look a lot a places and connect the dots do understand whats going on. For example a while back it was reported that they raised their authorized shares to 3 billion. The company didn't tell the public in a press release but the information was public if you looked for it and found it. This information was disputed by some, but clearly the authorized shares were in fact raised to 3 billion otherwise they couldn't have filed on March 25th to sell 1.6 billion shares because that would have exceeded the authorized shares prior to the increase to 3 billion that was reported on this board. It's the old shell game, you have to follow the ball if you can.
JMO
That was in reference to the tweet they sent out on March 2nd stating they would have positive financing updates the following week. Well it's now April 19th no update on positive financial news and a filing on March 25th in which they report they are selling 1.6 billion shares to raise 5 million bucks. You have to connect the dot's with these penny stocks.
JMO
LMAO, It's not an assumption. I posted the link to the SEC filing dated March 25th 2016. Please take a few minutes and read it.
JMO
MJ & Cancer Drugs. The two things this company had going for it and not a single update on either front for some time now. As a result the share price sits at half penny give or take 10% on any given day. I'm not clapping when it's up 8% and I'm not whining when it's down 8%, I'm waiting for 5 cents or share or it stops trading!
JMO
Here's a theory. What you refer to as "Mr. Market" is the company trickling shares into the market and shareholders buying them to dollar cost average down to limit their losses.
JMO
That's what I thought. The first two sentences of the filing states the 1.6 Billion shares will be sold by March 31, 2016. But you have to read on.... You don't have to read the whole thing, just fast forward to page 6, there you will find the "offering period". You see they have until December 31st 2016 to sell the 1.6 billion shares. Back on March 2nd they tweeted they had positive financing news to tell us about the week of March 7th. Well that news never happened. I can only assume the investor(s) they thought they had lined up have walked away, and now they will be dumping 1.6 billion shares to raise money to fund their efforts (paychecks).
JMO
And please sticky the March 31, 2016 filing with the SEC to sell an
additional 1.6 billion shares, for a total of 2.6 billion shares soon to be outstanding.
Thanks
Non-Issue? Let's do some basic math shall we?
Let's be crazy and assume EAPH could achieve a 25million dollar market cap. Back when I bought the stock there were 250million shares outstanding.
market cap/shares outstanding = share price
25million / 250million = .10 a share
Based on the filing on March 25th, we know now that there are just shy of 1billion shares outstanding and 1.6billion more they are going to sell.
again
market cap / shares outstanding = share price
25millon / 2.5billon = .01 a share
That's an issue for this shareholder!
JMO
considering the filing on March 25th was to sell 1.6billion shares, it's a slow start.
Jmo
Yes and wouldn't it be nice if EAPH would simply communicate with the shareholders and tell us where all these deals stand? We shouldn't have to go to Amfil to find out. EAPH is hiding from it's shareholders. I thought they had a fiduciary responsibility to shareholders, yes I'm certain I read that somewhere.
JMO
Good information, if correct? I'm not a CPA but if you have an asset that is an investment, you list it on the balance sheet as such, not:
"Paid to and owed from Amfil Technologies $50,000"
Why does Amfil owe EAPH $50,000 if Amfil gave them stock for their investment? Something doesn't add up here.
JMO
I have no doubt EAPH gave AMfil $50k, MMI $140k, and MDRM $50k, but all of these deals have failed. The only one they have publicly acknowledged is MMI. I doubt they would have publicly said the MMI deal failed if not for MMI's tweets to that affect. For whatever reason (we'll never know) the company was either taken by these other companies or EAPH themselves were to blame for the failed deals. They are suing MMI according to the filing so we'll know who was to blame on that deal. This is just three deals btw. They PR'd many others one that comes to mind was a purchase of a dispensary in Michigan. I could go on, but I think we all see the pattern.
On March 2nd the company tweeted that the following week they would disclose financing initiative the following week, it's now April 5th. When you don't do what you say you are going to do, you lose credibility!
JMO
You are under the impression that EAPH still has a deal with Amfil, right? Well their balance sheets lists as assets all their failed attempts to enter the MMJ market as "paid to and due from" something I've never seen on a balance sheet. In any case they say they gave Amfil 50k and Amfil owes them back 50k. Also, Amfil has revenue and if EAPH still owned a part of them they would also have revenue, I see a big goose egg on their income statement.
So good for Amfil, means nothing for EAPH sadly.
JMO
Page 50 of the filing "As of February 1, 2016, an aggregate of 932,728,571 shares of our common stock were issued and outstanding. As of February 1, 2016, there are 198 shareholders of record based on information provided by our transfer agent."
The filing itself:
Issuer: Easton Pharmaceuticals Inc., a Wyoming corporation.
Security Offered: Shares of Common Stock, par value $0.0001
Price per Share: $0.003
Minimum Offering: None.
Maximum Offering: $5,000,000 (1,666,666,666 Shares)
Minimum Investment: None.
Offering Period: The Offering will commence on [ ], 2016, and will close upon the earlier of (1) the sale of the Shares with an aggregate sales price of $5,000,000, or (2) December 31, 2016.
1.6 billion shares being sold to raise up to $5mil. according to the filing on March 2nd and the amended filing on March 25th (Good Friday, a holiday guess they thought no one would see it).
So there was already roughly 1billion shares outstanding and now there will be 2.6billion shares outstanding. When I first bought into this company a little over two years ago there were 250million shares outstanding. This was one of the things that I was attracted to. Now their share structure looks like the rest of the MJ market stocks (and Easton isn't even in the MJ market as far as I can tell). Oh well, ,I'll wait and see if I can sell into a couple runs and pack my bags and move on from these guys.
JMO
If anyone follows Evan Karris on twitter, find out why he left EAPH in less than 6 months. Thanks.
Where is Evan Karras? The filing with the SEC on March 1st of 2016, lists Carla Pepe as the CEO. After two years, I am really starting to get nervous about my investment in this company.
JMO
This is the 3rd PR since June 18th on the same deal with the same information in it. This one tries to do a little pumping on potential revenue, that's the only new information I see, am I missing something?
That is your opinion. I'm hoping you are wrong. Time will tell, as they say.
GLTY
You said there was no mention of MM. I was simply pointing out that there was. If you are looking for a formal response the MM tweets, well I for one would rather wait and let the new guy figure out the plan of action and then tell us what that plan is as opposed to the people that got us to where we are.
At a minimum, and I suppose it may be wishful thinking but I won't have to see messages about the CEO/Restaurant manager. The new guy will be fleeced on these message boards in no time I'm sure, but for now he has a window of opportunity to right the ship. We'll see.
Good question. Let's hope this new guy comes in and saves the deals worth saving and walks from the ones that are not worth pursuing.
Hint: stay focused and read all the way to the end.
No sure why I bother, but read the entire PR if you want to see something about MM. Good luck you need it.
Anyone else losing their patience?
November 13, 2104 - Company announces they have retained an accounting firm to audit 2013 and 2014 financial statements.
March 31, 2015 they file a notice of late filing, stating they would file 2014 annual financials on April 7, 2015.
So let's see the accounting firm has has FIVE (5) months to audit the 2014 numbers. Of course we can assume they didn't start on 2014 until January 1, 2015, in which case they have had THREE (3) months to audit the numbers.
I'm getting concerned over the stalling of this filing. In addition they now are not keeping their word with a governing agency. They said April 7, what happened?
GLTA
Hmmm... Not sure I agree with your assessment, but to each his own. I do see volume picking up and it's now ticked into the green.
There were two tweets. The second was about revenue, but I like the first one.
"#EAPH EASTON WILL SOON DEMONSTRATE IT CAN MAKE STRONG PARTNERSHIPS WITH STRONG INTERNATIONAL COMPANYS TO BRING IN GROWING REVENUE STREAMS"
Does this mean there is some merit to the Mylan rumor or someone like Mylan????
GLTA
If the company is getting inquiries about this Sierra World Equity rumor and it is not true, and management is of the utmost integrity, why not tell shareholders? I'm not saying pay for a formal PR, just a simple tweet debunking the rumor.
There's only two conclusions I can come up with:
1. Management is not of the utmost integrity and wants to allow the rumor to linger for a bit to see if it can drive some upward movement in the PPS.
or 2. There is some validity to the rumor and saying nothing is in order until a final agreement is reached.
Let's hope for #2.
GLTA
I am simply astounded by people. Could the new CEO of FIT# be anymore clear, "they are an energy drink company". Cen Biotech and Bill Chabaan (the MJ side of the business) are being spun off, they are out of the MJ business. Now maybe once Cen Biotech is spun off Bill try and get listed and then people can again follow the drama that is Bill Chabaan and Cen Biotech.
The PR says "Fiscal Year 2015", let's not get ahead of ourselves. Great news for sure!
GLTA