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So 0-2 on those financials. Last time the accountant was sick, wonder what the excuse this time is? I'm going with "dog ate my financial statements". Looks like belief in EAPH's success is in free fall. I used to say the incredibly incompetent Karla Pepe was no longer in charge and things were turning around under Evan Karris, now I think I was wrong. It's going to take something very big to turn this around. I don't think this announcement of a 3rd product launch in Mexico (which has been talked about for about a year now) will have the impact it was once thought it would have. I don't know, maybe if something crazy happens like this mystery company with 100,000 employees world wide gives EAPH 10million up front... Lot of smoke in their tweets and PR's but the fire never got started.
GLTA
Well surpriiise, surpriiise, Gomer Pyle, I mean Evan Karris, misses the mark again. WOW! slinging it against the wall these days, desperately clinging to 2 cents.
Still waiting for that "Significant Event" the company tweeted about on Nov. 20th, but patience is wearing mighty thin!
GLTA
Agreed, but the CBD could be used from the Hemp to create all kinds of products, right? Especially useful if they can close the iBliss deal once and for all, I would think.
GLTA
This article seems to lend some credibility that it may in fact be possible to grow mmj by simply submitting some paperwork, which Easton says has been submitted. This is in contrast to the old MMPR system that required a more lengthy process that resulted in a license.
https://news.medicalmarijuanainc.com/hemp-restrictions-loosened-canada/
agree/disagree?
How can two people read the same thing and interpret it very differently?
1. No deal until Easton makes payment to iBliss - as off November 28th 2017 the payment had not been made.
2. Terms being renegotiated... if new terms are not agree on deal unravels. During the 4 years I have owned Easton stock there have been many JV/deals announced with companies (michigan, california comes to mind) that never actually happened. At least one resulted in litigation and others just simply faded away and never mentioned again by Easton.
Bottom line the iBliss deal is far from a done deal folks.
GLTA
I said on Tuesday the PR was a nothing burger, let's hope better PR's will follow. The company tweeted "Several Press Releases Pending Approval, One Of Which Considered Significant Event For $EAPH and Shareholders. News Aftr Thanksgiving..." I hope this wasn't the "significant event".
GLTA
I should have added:
1. Why has the company stated for 4 years they were going to do an audit and one hasn't been done yet?
a. Lack of funds to hire a firm to do the audit?
b. Have no intentions of doing an audit and just put it out there every 6 months or so?
c. The firm they hired has one accountant and he/she got sick?
wjb - if you or Easton would fill in these blanks, that would be great!
1. Who is Alliance Group?
a. Address of offices?
b. Phone #
c. Principals names?
d. Website?
e. How is it possible to grow and sell MMJ without a license from the Canadian Government to do so?
2. Who is Windsor Pharmaceuticals?
a. Address of offices?
b. Phone #
c. Principals names?
d. Website?
3. Were can I find anything from Gideon Richter that they are doing business with Easton Pharmaceuticals?
a. On Gideon's website?
b. A statement from a Gideon Richter official in Easton's PR's?
4. iBliss - well we know from Monday's pr this deal is being re-negotiated, so it may or may not happen at this point.
5. 3rd Product launch and partner
a. Who is the company?
b. How much is the initial upfront payment going to be that Easton is waiting on?
c. Why does it take 60 days from the time the deal was closed to do a press release
This is the information that would provide the current stockholders (like me) and potential stockholders the tools they need to stay invested or get invested. Wouldn't you agree?
GLTA
tweet from November 20th, I hope there's more to follow today's PR, as today's was not a "significant event for $EAPH Shareholders"!!
Easton Pharma? @EastonPharma
Several Press Releases Pending Approval, One Of Which Considered Significant Event For $EAPH and Shareholders. News Aftr Thanksgiving...
Wouldn't you say the Bayer theory was debunked by today's PR? They said they are waiting on their initial payment from this 3rd mysterious, no one can know, pharmaceutical from the companies headquarters in Switzerland. Last I checked Bayer was headquartered in Leverkusen, Germany.
Well they said growing wouldn't happen until 3rd or 4th quarter of 2018. They probably think that gives them enough time to apply and successfully obtain a license? Just like they are dragging their feet on Alliance, stalling until paperwork is filed to show a valid company without Evan's name listed as the CEO like Alliance currently shows. That's all I can surmise at this point based on months of their unwillingness to simply provide a link to a valid company named Alliance Group.
I forgot, remember those financials I told you would be filed last Friday, ya well my accountant is sick and my dog ate my homework! This has turned into a circus, imo.
GLTA
So let's break this down...
1. iBliss deal is not done as EAPH has not given them their final payment.
2. No revenue from the Alliance deal as of yet, as the first payment on the $6mil contract to dump trash has not come in yet.
3. Still no announcement of who this 3rd company that is going to sell the products in Mexico and no initial payment has been made to EAPH, any actual information on this has been pushed out until "next month"
4. Still have no idea who Windsor Pharma is, still have no idea who Alliance group is (just an address of the property they own). I'm looking for Corporate address and names of owners.
All in all a big nothing burger! Oh wait the only new information was the address of the property that presumably Alliance Group owns, whoever they are. Need some volume so I can start unwinding 6.5mil shares.
GLTA
I keep searching edgar for the financial filing that they tweeted last week would happen by Friday last week. Nothing there, also I see they deleted the tweet.... I think this news, when and if, it ever comes better be so freakin amazing the pps holds on to 2 cents. If it's more of the same with no verifiable evidence to back up what they say, pps is headed down, imo.
GLTA
Oh Come on Mck. It's November 15th, the company said we would have verifiable information on the Alliance deal in early October and still nothing. Still have no information on Windsor Pharma (I think it's a friends and family of Evan's living in Windsor Ontario). Want to see a letter from the Company hired to do the audit (not EAPH), stating that they have been hired to do the audit,nothing yet. iBliss deal has basically fallen off the face of the earth.
I don't know how the pps is holding on to 2 cents? I'm glad it is, I don't want to lose money and I don't want others to lose money, but if some of these things aren't forthcoming, well let's just say I'm worried!
GLTA
Thanks Dogman. That might explain why EAPH hasn't given the public any additional information on this company?
Mck it doesn't concern you that the company tweeted on Sept 19th that they would disclose information about Alliance in early October and were on the cusp of mid November and still nothing? It concerns me, and the whole issue of Alliance Group changing to Alliance Partners to Toronto based 124123 Ontario Inc. Who is this company? I can't find any of those names on Canadian government websites. If you have found information on who this company is can you post a link? Thanks GLTA
I thought the same thing. If the tweet was "We do not comment on stock price" period the end! No they had to add but... "for you people selling or shorting you are going to be sorry". So much for not commenting on stock price. Bottom line they don't have approval to announce this 3rd product launch and they tweeted in an effort to stop the bleeding.
GLTA
Not buying it, unless they provide credible information, I'm screwed.
If anyone has suggested Bayer buying EAPH, they are uninformed. What is on the table is
the fact that EAPH has exclusive rights to a product in Mexico and Latin America that Bayer sells
in Europe. If Bayer would like to expand into Mexico and Latin America with said product the
path leads right through EAPH. So, a deal where EAPH gets a small percentage of every one sold
is big for EAPH.
Presumably the deal is done with Alliance Group/Partners/124123 Ontario Inc. (whoever they are?), why can't us shareholders get the address of the company and the names of the principals, a link to their website? Is IBliss done or.. it was announced as done several months ago, lately it's still being worked???? 3rd product is 99% done... The point is us shareholders are unable to confirm any of this. The Investor Forum is basically defunct, no answers to these and many more questions materialized there either.
GLTA
Easton Pharma? @EastonPharma Oct 19
CEO, Evan Karras Apologizes, But Final Approval On Press Release Is Still Waiting Approval. News Is Anticipated Within One To 2 Days.
STILL HASN'T HAPPENED
Easton Pharma? @EastonPharma Sep 19
#EAPH Easton Wiil Disclose Address Followed By Pictures Of Alliance Property In Early October. Expecting Postive MMJ News Shortly.
STILL HASN'T HAPPENED
Easton Pharma? @EastonPharma Oct 24
...Easton Can Now Say With 99% Certainty That 3rd Product Launch With Multi-National Drug Company Will Move Forward As Planned.
STILL HASN'T HAPPENED
Still waiting to get information on a company called "Windsor Pharmaceuticals".
I could go on but I'm weary!!!
GLTA
I'm quite sure the post was referring to the deal that is to be announced is with a "large" company, not that EAPH is a "large" company, in case you missed that.
GLTA
Setting expectations and missing them over and over again makes no business sense. What makes good business sense is to say nothing as opposed to setting an expectation and failing to meet it.
GLTA
What's amazing is last Thursday the company tweeted an apology for not having a press release which they said would be out by last Thursday. In the tweet they said the press release would be out "within one or 2 days". Yesterday was two business days, today is three. SO... at this point the press release (the company said was coming twice, still does not exist). These guys just can't stop setting expectations and failing to meet them!
GLTA
Can we keep the left wing (not job) politics off the board please.
GLTA
one to two days!! lmao that's means next week and I bet it won't be Monday. Bracing myself for selloff. The company simply cannot dispute the things we read on this board from the detractors, which pushes people to believe the worst. Someone posted this on the company's investor forum, and answers to these questions continue to go unanswered.
1. Who is Windsor Pharma?
2. Who is Alliance Group/Partners/Ontario 1124123?
3. What’s going on with iBliss?
4. What’s going on with 3rd product launch?
5. What’s going on with cancer drugs?
6. Why is Easton or Alliance group (or whoever they are) listed as licensed to grow MJ in Canada?
7. Where’s revenue from iBliss, company announced the deal was closed months ago?
8. Where are revenues from the two products already launched in Mexico?
9. For 4 years the company has said it is hiring a 3rd party to audit the books, do you need phone numbers of these companies?
See my previous post
Theee things will make this a .25 cent stock:
1. We get more info on Alliance Group & we see their name or eastons on the health Canada
List of licensed growers
2. They announce this third deal with presumably bayer
3. They file audited financials
There's some other stuff like what's going on with iBliss, but those are the big three for me.
GLTA
gosox, I cannot answer your first question. No mention of health canada approval in the PR. Also, we still lack information on Alliance Group itself. As for your 2nd question, EAPH received final agreement paperwork from multi-national pharma (speculated as being Bayer) on Sept 20th. So, that's 3 weeks ago. EAPH needed to sign it send it back and they tweeted this morning that the announcement was imminent. That tweet tells me EAPH accepted the terms offered and did not go back for anymore changes.
GLTA
Let's start with, I think we all can agree EAPH owns the rights to sell "VS-Sense" in Mexico and Latin America. Now read this below.
"VagiSense (VS-Sense): is the current brand name of the BV (Bacterial Vaginosis) patented diagnostic test, and is the same product Bayer Pharmaceuticals had licensed and launched in late 2015 in Europe under its brand, Canestest. Prestige Distribution is currently selling in the US under its brand, Monistat, with multi-million dollars in sales and growing."
Hope this helps people understand the connection between VS-Sense/Canestest/Monistat and why the notion that Bayer would like to sell VS-Sense under whatever name they choose is far from a stretch.
GLTA
Rumor going around that Bayer will be announcing that they will soon be selling Monistat in Mexico and Latin America, and to do so they had to sign a deal with a small Pharma in Canada, Easton, who held the rights to the product in this part of the world.
GLTA
Sounds like EAPH made a great deal on property for the cost of back taxes and there's a 6 million
dollar contract in hand to dump trash. The trash will be good fertilizer and cutdown on the
MJ stink! Good deal all around!
"After Several Months, #EAPH Easton Receives Final Agreement For Review From Multi-National Pharma Company For Third Product Launch."
What this means is that Easton has the final agreement in their hands to review. It does not say they have accepted it or rejected it, it says they have it to review. Does that help?
The PR says the get 50% of the 8million contract Alliance is signing.
OMG! Reading the posts on this board is like watching CNN, MSNBC, ABC, and CBS talk about the Trump presidency. So many false statements and accusations, it's time to turn off IHub like I turned off those so called "news" organizations.
GLTA
Little guys running for the door ahead of news. I get it. I've watched this company for 3 years and they would put out a message that news was coming and then when the news hit it was anti-climatic and stock dropped. What happens when the news hits one of these times and the stock runs to 20 cents? Those little guys will be chasing and kicking themselves in the ass they didn't stay in to see the news.
GLTA
Looks like the "big guys" are buying in big quantities! I just learned earlier today the big guys didn't get big by doing making stupid decisions. Looks like things are starting to move here.
GO EAPH!!!!
Great News! EAPH just keeps building a solid foundation one brick at a time. The revenue and profits that will follow will drive PPS higher and make lot's of shareholders very happy...
GO EAPH!!!
Great news from EAPH today, things are looking good going forward. Again...blahhh haaahhaaa!!!!
GLTA