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interesting how times change...
at one time clint owned all the preferred shares, 50m, which he could vote at 10 for 1...which he did in shoving much garbage down shareholder throats...
now...the LOC gave 50% of those preferred share voting rights to waterloo...
without the support of waterloo, clint has no more leverage than any other shareholder on anything the BOD would/could bring to a vote...
Eternal Image (ETNL)
0.005 ? 0.0 (0.00%)
Volume: 000
Bid Ask Day's Range
0.005 0.015 0.005 - 0.005
Other people must have been doing research too and decided that this was not worth the effort to buy any shares.
pick a day...today, .005...the other day 01.5...
interesting to the buyers that have recently bought at .015 only to see that investment reduced by 2/3's...
as for the 3 employees of EI...3.5m shs at .015 or 3.5m shs at .005...take your pick...
Form 4 Filing date:...................................................................Last Trans. Date........shs held......after 1/7/11 r/s...
12/02/2010...Popravsky, Wallace Nicholas Jr....Common Stock...12/02/2010..........2,374,945........118,747
12/02/2010...Shatter, Donna Marie.....................Common Stock...11/08/2010........41,263,766......2,063,318
12/02/2010...Mytych, Clinton Roy.......................Common Stock...10/29/2010........27,910,609......1,395,530
the following posts stated...
post #201671..."We have gone over this before and Eternal Image does not own the building that they are in and just lease the space."
post #201136..."Can you PROOVE that the city is taxing Eternal Image?? Can you explain exactly what the city is supposed to be taxing them on??"
post #201165..."I read a date in March as the official date when the company would be in arrears. Read it again and see if you don't see the same thing."
and, once again, for your edification...the following info answers these questions/statements...
according to the farmington hills, mi. assessor's office, eternal image filed the 2010 docs showing what the value of the personal property EI wanted assessed and EI set the value at...$199,890...which was assessed at $9,806.19...
EI failed to pay the taxes for 2010 when they were due and to date have been accumulating penalties on the 2010 tax bill at the rate of 1% per month...
EI failed to submit the doc for personal property valuation for 2011 so the farmington hills, mi. assessor's office set the 2011 value of taxable personal property of EI at $248,610...which was assessed at $12,344.23...
EI has failed to pay the taxes for 2011 when they were due and to date have been accumulating penalities on the 2011 tax bill at the rate of 1% per month....
the current year, 2011, info can be found by calling the farmington hills, mi. assessor's office and the preceding years info can be found by calling the oakland county, mi. assessor's office... Eternal Image, Inc. (ETNL)
Detailed Tax Information
Parcel: 22-99-21-288-033
Property Address:
28800 ORCHARD LAKE STE 130
FARMINGTON HILLS, MI 48334
Owner Information:
ETERNAL IMAGE INC, Unit: 22
28800 ORCHARD LAKE STE 130
FARMINGTON HILLS, MI 48334
Taxpayer Information:
SEE OWNER INFORMATION
Today: 3/16/2012
Year/Season... Total Amt... Total Paid...... Last Paid... Total Due
2011, Winter....... $2,845.96... $0.00............unpaid.......$2,845.96
2011, Summer... $9,652.84... $0.00............unpaid.......$9,652.84
2010, Winter....... $2,244.87... $0.00............unpaid.......$2,244.87
2010, Summer... $7,561.32... $0.00............unpaid.......$7,561.32
2009, Winter......... $306.33.......$306.33..... 02/19/2010... $0.00
2009, Summer... $1,119.19... $1,119.19.... 03/02/2010... $0.00
2008, Winter......... $249.00....... $0.00............unpaid......$249.00
2008, Summer..... $888.50....... $888.50..... 09/16/2008... $0.00
2007, Winter......... $230.63....... $230.63..... 12/21/2007... $0.00
2007, Summer..... $721.28....... $721.28..... 08/28/2007... $0.00
...................................................................................................$22,553.99...total unpaid
lol...i think they call her nuckles...
5 fingers...or a funny thumb...
5 24 48
no opinions....everything is based on what is published by EI or their minions.
minimal sales, massive dilution, massive borrowing and massive debt...no successful management qualifications...all found in EI publications...and that about sums it up....
what has kept EI in business to date...sales...nope, borrowing money from money lenders and shareholders...yup, selling billions of shares over the past 5/6 years...yup...
the qualifications of the people running EI should be important to you at this point...
in 2006 and early 2007 having the licensing rights to MLB seemed a no brainer...as time has passed...it has gone from a no brainer to brain dead...
a more important question is...why have MLB urns been unavailable to this point and why they won't be available for another 6 to 8 weeks...i mean, the 10K and 10Q's were going to be out how many months ago???...just how reliable is anything that your boys tell you...
maybe that is reflected in the shares bought yesterday at .015 and the ones bought today at .015 and .010...now trading at .005...
just sayin...
just part oF one's DD when looking into the qualifications of the people running EI...
nick and clint could not make a go of it with Driven Image and to this point have performed quite badly for the shareholders of Eternal Image...could be an image thing...
you state that EI won't be shipping for 6/8 weeks...when EI begins shipping from where will EI be shipping MLB urns...
you seem to omit, twice, that nick was the corporate secretary...
A “Corporate Secretary” is required by state corporation laws for every corporation; he or she is, at the most basic level, the individual who keeps the official records and minutes of the corporation. Corporate by-laws set forth the powers and duties of the Corporate Secretary and other corporate officers. One may think that the Corporate Secretary is merely a combination of scrivener and custodian, but this is not the case in practice. The Corporate Secretary in today's world is a senior corporate officer with wide-ranging responsibilities, who serves as a focal point for communication with and between the board of directors, senior management and the company's shareholders, and who has a key role in the administration of the Board and critical corporate matters. The Corporate Secretary is often a confidante and counselor to the Chief Executive Officer, members of the Board, and other members of senior management, especially on corporate governance matters.
not only putting Driven Image into BK...at the same time clint and nick were whorking their magic at Driven Image...clint and nick were working their magic to put EI...ETIM... together...how did they find the time to run a business for the people paying their salaries...since the business wound up in BK...and Eternal Image became their new ATM...ignore one to further another...
it was only a couple of posts ago....
are you suggesting that EI has a warehouse that they store MLB urns and that EI does the shipping of the urns...????
last i checked the general manager of a business and the corporate secretary of the same business usually have a hand in the running of the business and the business decisions made by the company...hard not to be involved in all facets of the the company business when you are the G.M. and the corp. secretary....
do you have some vettable source that the above is incorrect????
Clint Mytych
From 1999(age 18) to 2002 he was employed by ECA, a manufacturing company, At ECA, he was promoted to the position of Purchasing Director. From 2002 to 2004, he was a General Manager of Driven Image, Inc., one of the largest luxury car rental agencies. Driven Image, Inc. filed for federal bankruptcy protection in March 2004 in the U.S. Bankruptcy Court for the District of Nevada.
Wallace “Nick” Popravsky
Employed as a Specialist at General Electric(from 1994 to 1997), a General Manager of Pinnacle Media(from 1990 to 1994), an Advertising Manager at HH Communications(from 1986 to 1988), and in Advertising Sales at Tribune Newspapers (from 1982 to 1985). In 1987 and 1988, he held a seat on the board of the Information Providers Association. Immediately, prior to June 2003, Mr. Popravsky was employed by Driven Image, Inc. in a sales capacity and as its corporate secretary. That firm filed for bankruptcy protection in March 2004 in the U.S. Bankruptcy Court for the District of Nevada.
5 24 48
Time & Sales
..Price.... Size...Exch...Time
$0.0050 6,177 OTO 02/23
$0.0050 2,500 OTO 02/22 ...traded 198,109 shares over 7 trading days in feb.
$0.0050 1,500 OTO 02/22 ...traded 0 shares over 9 trading days in feb.
$0.0050 750 OTO 02/17
$0.0050 10,000 OTO 02/16
$0.0075 110,800 OTO 02/13
$0.0075 65,382 OTO 02/06
$0.0075 1,000 OTO 02/02
******************************************************************
$0.0075 670 OTO 01/31 ...traded 410,456 shares over 12 trading days in jan.
$0.0075 120,000 OTO 01/31 ...traded 0 shares over 8 trading days in jan.
$0.0075 7,500 OTO 01/30
$0.0090 500 OTO 01/27
$0.0075 507 OTO 01/26
$0.0075 2,500 OTO 01/26
$0.0075 10,025 OTO 01/24
$0.0075 10,000 OTO 01/24
$0.0090 100 OTO 01/23
$0.0150 5,000 OTO 01/23
$0.0150 5,000 OTO 01/23
$0.0075 125 OTO 01/17
$0.0075 1,500 OTO 01/11
$0.0075 2,313 OTO 01/06
$0.0075 635 OTO 01/06
$0.0075 715 OTO 01/06
$0.0150 2,975 OTO 01/05
$0.0075 145,000 OTO 01/05
$0.0075 391 OTO 01/04
$0.0075 95,000 OTO 01/03
*******************************************************************
$0.0075 4,663 OTO 12/30 ...traded 286,502 shares over 15 trading days in dec.
$0.0075 350 OTO 12/30 ...traded 0 shares over 6 trading days in dec.
$0.0075 26,500 OTO 12/30
absolutely agree...
been a very long haul and it is extremely difficult to find accurate DD and to verify what EI has been up too since oct. 1 of 2010...
the truth is clint has been the ceo of EI for nine year...no exaggeration...just the truth...
the truth is ETIM/ETNL has been trading since 2006..no exaggeration...just the truth...
just sayin...
Well we do know that the pps for ETNL won't drop anymore on Monday since the markets will be closed. Now Tuesday might be a completely different story though!
one has to be impressed with today's 1 trade of 750 shares...$3.75 before fees...lol
if all you want to see is an annual report...the 2009 is viewable...
come april EI mgmt will be lacking 2...TWO... annual reports(2010, 2011) and 3...THREE...10Q's...
then in may...the 1st quarter of 2012 will be due...but who's counting...lol
a further example example of the ineptness of clint, nick and donna...
take a look at the EI website and try to find anything to do with the U.S. Marine Corps...none, nada, zilch...
but you do find..."click here to view all our products"
still nothing to do with the U.S. Marine Corps...none, nada, zilch...
oh... but one can find...United States Army...
then click on "United States Army"...anyone see any announcement that EI had acquired the licensing to advertise the U.S. Army...
the "null" trio paid payroll taxes on something they were foregoing???
....................................................................................................Nine Months Ended ................. Nine Months Ended
.................................................December 31, 2007 .................... September 30, 2008 ................. September 30, 2007
........................................Originally Reported ... Restated ... Originally Reported ... Restated ... Originally Reported ... Restated
Salaries .............................. $1,131,091 ......... $288,591 .......... $220,066 ......... $220,066 .......... $231,360 .......... $231,360
Stock Based
Compensation ............................. - ................. $842,500 ........ $4,518,000 ...... $4,518,000 ........ $842,500 .......... $842,500
Payroll Taxes and
Employee Benefits ................. $68,218 ............. $68,218 .......... $62,439 ........... $62,439 ............ $54,527 ........... $54,527
a decline in general economic conditions sure didn't keep clint from rewarding himself and donna and the other idiot... shareholder assets and money...
clint simply sold more shares and when he needed more shares he went to the old standby...r/s...
laughable...for a start up company with no source of income other than selling shares...the big 3 awarded themselves extravagant salaries, ridiculous bonuses, ridiculous perks and this is only for 2006 and 2007...
yup...they had personal bills to pay and they paid them with shareholder money...
"When you sold shares that you had purchased..."...laughable
please give the board examples(plural)of any time clint, nick or donna purchased shares to put into their personal portfolios...you mean the shareholder shares...assets...that clint awarded to himself and his mother and some other idiot...
EXECUTIVE COMPENSATION
The following table sets forth all compensation awarded to, paid to or earned by the following type of executive officers for each of the Company’s last two completed fiscal years: (i) individuals who served as, or acted in the capacity of, the Company’s principal executive officer for the fiscal year ended December 31, 2007; (ii) the Company’s two most highly compensated executive officers, other than the chief executive, who were serving as executive officers at the end of the fiscal year ended December 31, 2007; and (iii) up to two additional individuals for whom disclosure would have been provided but for the fact that the individual was not serving as an executive officer of the Company at the end of the fiscal year ended December 31, 2007 (of which there were none). We refer to these individuals collectively as our named executive officers.
Summary Compensation Table
Name and
Principal Position ... Year.... Salary($) ... Stock Awards($) ... Total($)
Clint Mytych........... 2007 ... 75,000 ........... 347,500 .......... 422,500
President ...............2006 .....75,000 .......... 332,800 .......... 407,800
Donna Shatter....... 2007....... 65,000 ......... 247,500 .......... 312,500 .
Operations ............2006....... 65,000 ......... 247,000 .......... 312,500
V.P., Operations
Wallace “Nick” .......2007...... 65,000 .......... 247,500 .......... 312,500
Popravsky, VP, ......2006...... 65,000 ........... 78,500 .......... 143,500
Sales/Marketing
*****ETERNAL IMAGE SHARE STRUCTURE:
1st Quarter 10Q will end 03/31/12 - to be filed by 05/15/2012
Capital Stock.....150,000,000
Common A/S.....100,000,000
Preferred A/S.....50,000,000
O/S..................36,743,621 as of 1/16/12
4th Quarter 10K ended 12/31/11 - yet to be filed
Capital Stock.....150,000,000
Common A/S.....100,000,000
Preferred A/S.....50,000,000
O/S..................36,743,621 as of 4/6/11
3rd Quarter 10Q ended 09/30/11 - yet to be filed
Capital Stock.....150,000,000
Common A/S.....100,000,000
Preferred A/S.....50,000,000
O/S..................36,743,621 as of 4/6/11
2nd Quarter 10Q ended 06/30/11 - yet to be filed
Capital Stock.....150,000,000
Common A/S.....100,000,000
Preferred A/S.....50,000,000
O/S..................36,743,621 as of 4/6/11
1st Quarter 10Q ended 03/31/11 - yet to be filed
Capital Stock.....150,000,000
Common A/S.....100,000,000
Preferred A/S.....50,000,000
O/S*..................35,493,573 as of 3/31/11
*Effective January 07, 2011, Eternal Image effected a 1 to 20 reverse split
...*O/S on 01/06/2011(pre 1 for 20 r/s)...709,870,131
4th Quarter 10K ended 12/31/10 - yet to be filed
Capital Stock.....800,000,000
Common A/S.....750,000,000
Preferred A/S.....50,000,000
O/S..................709,870,131
3rd Quarter 10Q ended 09/30/10 - filed 11/22/10
Capital Stock.....800,000,000
Common A/S.....750,000,000
Preferred A/S.....50,000,000
O/S..................714,604,135
2nd Quarter 10Q ended 06/30/10 - filed 8/23/10
Capital Stock.....800,000,000
Common A/S.....750,000,000
Preferred A/S.....50,000,000
O/S..................713,527,877
1st Quarter 10Q ended 03/31/10 - filed 5/24/10
Capital Stock.....800,000,000
Common A/S.....750,000,000
Preferred A/S.....50,000,000
O/S..................697,112,618
4th Quarter 10K ended 12/31/09 - filed 4/16/10
Capital Stock.....800,000,000
Common A/S.....750,000,000
Preferred A/S.....50,000,000
O/S..................672,386,666
3rd Quarter 10Q ended 9/30/09 - filed 11/23/09
Capital Stock.....800,000,000
Common A/S.....750,000,000
Preferred A/S.....50,000,000
O/S..................678,202,924
2nd Quarter 10Q ended 6/30/09 - filed 8/13/09
Capital Stock.....800,000,000
Common A/S.....750,000,000
Preferred A/S.....50,000,000
O/S..................647,673,512
1st Quarter 10Q ended 3/31/09 - filed 6/30/09
Capital Stock.....800,000,000
Common A/S.....750,000,000
Preferred A/S.....50,000,000
O/S..................610,049,475
2008 10K ended 12/31/08 - filed 6/10/09
Capital Stock.....800,000,000
Common A/S.....750,000,000
Preferred A/S.....50,000,000
O/S..................476,114,477
On February 12, 2009, a Certificate of Amendment to the Articles of Incorporation was filed with the State of Delaware amending the number of authorized outstanding shares of common and preferred stock. The total number of shares of all classes of stock the corporation is authorized to issue is 800,000,000. This amount consists of 750,000,000 shares of Common Stock par value $.001, and 50,000,000 shares of Preferred Stock par value $.001.
as of 03/31/2008:
Capital Stock.....750,000,000
Common A/S.....530,000,000
Preferred A/S.....220,000,000
O/S..................380,244,044
as of 1/16/2008:
Capital Stock.....750,000,000
Common A/S.....530,000,000
Preferred A/S.....220,000,000
O/S*................169,975,072
Effective January 16, 2008, Eternal Image effected a 1 to 20 reverse split
...*O/S on 1/15/2008(pre 1 for 20 r/s)...3,399,501,440
as of 1/15/2008: from Form SB-2
Capital Stock...5,800,000,000
Preferred A/S...1,925,000,000
O/S................3,399,501,440
*****HOW EI ARRIVED AT CURRENT SHARE STRUCTURE:
1/14/2009 Eternal Image has 530,000,000 shares of common stock authorized, of which 476,114,477 shares are issued and outstanding as of the Record Date, and 220,000,000 shares of preferred stock authorized, 50,000,000 of which are issued and outstanding as of the record date.
The Authorized Shares Amendment will be implemented by filing the Certificate of Amendment of Articles of Incorporation with the Secretary of State of Delaware (the “Certificate of Amendment”). Under federal securities laws, the Certificate of Amendment will not be effective until at least 20 days after the furnishing (by regular mail and/or alternative distribution) of this Information Statement. Once Eternal Image files the Certificate of Amendment, Eternal Image will have (i) 750,000,000 shares of authorized shares of Common Stock, of which 273,885,523 will be available for future issuances; and (ii) 50,000,000 shares of authorized Preferred Stock all of which are currently outstanding.
The Board believes that it is advisable and in the best interests of Eternal Image to have available additional authorized but unissued shares of common stock in an amount adequate to provide for Eternal Image’s future needs. The unissued shares of Common Stock will be available for issuance from time to time as may be deemed advisable or required for various purposes, including the issuance of shares in connection with future financing or acquisition transactions and/or to possibly issue shares of common stock to existing noteholders of the Company who have indicated an interest to convert the debt into equity.
On January 14, 2009, the Chief Executive Officer and Chairman of the Board of Directors of Eternal Image, Inc. (the "Company"), Clint Mytych returned to treasury 170,000,000 shares of the Company's preferred stock, $0.001 stock ("Preferred Stock") that he held. As a result, he now owns 50,000,000 shares of the Preferred Stock. The Preferred Stock is convertible into common stock at a rate of 1 to 1, and has voting rights equal to that of common stock.
On February 12, 2009, a Certificate of Amendment to the Articles of Incorporation was filed with the State of Delaware amending the number of authorized outstanding shares of common and preferred stock. The total number of shares of all classes of stock the corporation is authorized to issue is 800,000,000. This amount consists of 750,000,000 shares of Common Stock par value $.001, and 50,000,000 shares of Preferred Stock par value $.001.
On February 12, 2009, the Company amended its certificate of incorporation by filing a Certificate of Designation of Voting Non-Convertible Preferred Stock of Eternal Image, Inc. (the “Certificate of Designation”). As a result, the holder of the Company’s common stock became subject to the rights and preferences of this series of preferred stock. The filing of this Certificate of Designation was approved and authorized by the Company’s Board of Directors on February 12, 2009. A copy of the Company’s Certificate of Designations which was effective on February 12, 2009, is attached as Exhibit 3.2 to this report, and the following summary of rights and preferences is qualified in all respects by the text of the Certificate of Designation, which is incorporated by reference in this Item 3.02.
* There are not conversion rights attached to Voting Non-Convertible Preferred Stock of Eternal Image, Inc.
* The holders of Voting Non-Convertible Preferred Stock are entitled to dividends on the basis of one share of Voting Non-Convertible Preferred Stock equals 10 shares of Common Stock.
* Upon any liquidation, dissolution or winding up of the Corporation, the holder of shares of Voting Non-Convertible Preferred Stock shall be entitled to receive an aggregate distribution amount per share, subject to the provision for adjustment hereinafter set forth, equal to 10 times the aggregate amount to be distributed per share to holders of shares of Common Stock
* The holder of one share of the Voting Non-Convertible Preferred Stock shall have voting rights on all matters presented to shareholder equal to 10 shares of common stock.
All 50,000,000 shares of Voting Non-Convertible Preferred Stock are issued and outstanding and held by the Company’s Chief Executive Officer and Chairman of the Board of Directors, Clint Mytych. The aforementioned super voting rights have been designated to Mr. Mytych’s preferred stock in an attempt to restore his control position as it existed prior to the occurrence of events reported in the Company’s Current Report on Form 8-K filed on January 16, 2009 and incorporated by reference herein.
a little info on Pembina..
Pembina's common shares are listed on the TSX under the symbol PPL. Our 5.75 percent convertible debentures, which mature on November 30, 2020, are listed under the symbol PPL.DB.C. (From 1997 to October 2010, our corporation was wholly-owned by Pembina Pipeline Income Fund. The income fund's trust units were traded on the TSX under the symbol PIF.UN and it's debentures were listed under the symbol PIF.DB.B).
Proposed Acquisition of Provident Energy Ltd.
Pembina announced on January 16, 2012 that it has entered into an agreement with Provident Energy Ltd. (TSX: PVE, PVE.DB.E, PVE.DB.F, NYSE: PVX) ("Provident") (the "Arrangement Agreement") for Pembina to acquire all of the issued and outstanding common shares of Provident by way of a plan of arrangement under the Business Corporations Act (Alberta) to create an integrated company that will be a leading player in the North American energy infrastructure sector.
http://www.pembina.com/pembina/webcms.nsf/AllDoc/AC6A447189958CE1872577810060171B?OpenDocument
when one looks at EI's numbers...not a lot of people have "purchased product" from eternal image...at all... unless you count the shares people have purchased thru the EI share ATM...
going into the 6th year of having some type of product available EI mgmt has reported they have sold a total of 3624 items...
this number represents urns, caskets, medallions, vault covers, etc...
this number represents mlb, akc, cfc, vatican, precious moments, star trek, NWG, matthews, etc...
and of that total that everyone who has ever purchased product from EI, 3624, 1605 urns were purchased in 2007...
...some alternate universe...lol
*************************************************************************************************
*************************************************************************************************
..........UNITS SOLD and SALES/COST: 2010 quarters, previous years totals...
......found in filings......
Units Sold: the 12 months of 2012 and previous years
........................................For the three months ended:....................
......................12/31/12......9/30/12......6/30/12......3/31/12......
Caskets.................xx..............xx...............xx................xx..........
Urns......................xx.............xxx.............xxx..............xxx..........
Medallions.............xx................x.................x.................x...........
Vault Covers...........x...............xx...............xx.................x..........
Total.....................xxx.............xxx.............xxx..............xxx..........
......................12/31/11......9/30/11......6/30/11......3/31/11......
Caskets.................xx..............xx...............xx................xx..........
Urns......................xx.............xxx.............xxx..............xxx..........
Medallions.............xx................x.................x.................x...........
Vault Covers...........x...............xx...............xx.................x..........
Total.....................xxx.............xxx.............xxx..............xxx..........
........................................For the three months ended:....................
......................12/31/10......9/30/10......6/30/10......3/31/10......
Caskets.................xx..............34...............26................23..........
Urns......................xx.............167.............137..............126..........
Medallions.............xx................1.................8.................2...........
Vault Covers...........x...............21...............10.................0..........
Total.....................xxx.............223.............181..............151..........
.......................Fiscal Year Ended December 31:
......................12/31/11......12/31/10......12/31/09......12/31/08......12/31/07
Caskets...............xx................xx................129...............46...................0
Urns.....................xx................xx................401.............818................1,605
Medallions............xx................xx.................51.............19......................0
Vault Covers..........xx................xx..................0................0......................0
Total......................xx................xx................581.............883................1,605
*************************************************************************************************
*************************************************************************************************
Sales/Cost: the 12 months of 2010 and previous years
........................................For the three months ended:.........
..........................12/31/2010......9/30/2010......6/30/2010......3/31/2010........
Sales.....................$xxxxxx.........$89,346........$56,611.........$51,966.......
Cost/Goods Sold....$xxxxxx..........$56,839.........$44,053........$33,281.......
Gross Profit..............$xxxxx.........$32,507.........$12,558........$18,685.........
..................................Fiscal Year Ended December 31:..........
..........................12/31/2010........12/31/2009......12/31/2008......12/31/2007.....
Sales.....................$xxxxxx............$330,399.........$250,902........$309,147
Sold........................$xxxxxx............$228,013.........$605,410........$253,307
Gross Profit..............$xxxxx.............$102,386........($354,508).......$55,840
*************************************************************************************************
*************************************************************************************************
..............................Operating Expenses:
...........the 12 months of 2010 and previous years:
........................................For the three months ended:..........................
............................12/31/2010.....9/30/2010.....6/30/2010.....3/31/2010.........
Operating exp.........$xxxxxxx.....$167,709.......$175,865.....$172,698.......
Administrative............$xxxxx........$19,194.......$16,009........$12,227.........
Deprec. and amort.....$xxxxxx........$7,302........$7,302..........$7,302.......
Total operat exp......$xxxxxxx......$194,205.....$199,176.......$192,227......
........................................Fiscal Year Ended December 31:
............................12/31/2010.......12/31/2009.......12/31/2008.......12/31/2007
Operating exp.........$xxxxxxx..........$1,478,056.....$6,888,393.....$2,278,461
Administrative............$xxxxx............$135,198........$158,334........$139,696
Deprec. and amort.....$xxxxxx..........$5,079..........$33,847...........$8,865
Total operat exp......$xxxxxxx........$1,618,333.....$7,080,574.....$2,427,022
*************************************************************************************************
*************************************************************************************************
...........................................12/31/2010......9/30/2010.......6/30/2010.......3/31/2010.......
Accounts Payable &
Accrued Expenses.............$xxxxxxxxx....$1,643,325....$1,498,588.......$1,376,919 .....
Notes Payable,
Current Portion.....................$xxxxxxx.......$457,110........$443,065..........$417,559.......
.........................................12/31/2010.......12/31/2009.....12/31/2008.........
Accounts Payable &
Accrued Expenses.............$xxxxxxxxx.....$1,301,346.......$838,177
Notes Payable,
Current Portion.....................$xxxxxxx.......$452,947.......$1,005,536
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.............................12/31/2010.....9/30/2010.....6/30/2010.....3/31/2010..........
Salaries..................$xxxxxx.........$51,250..........$51,272......$51,250.........
Stock Based
Compensation..........$xxxxxx............$0..................$0..............$0...........
.............................12/31/2010........12/31/2009.....12/31/2008.....12/31/2007
Salaries..................$xxxxxx.............$174,256........$304,584........$288,591
Stock Based
Compensation..........$xxxxxx.........$211,076......$4,518,000.......$842,500
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the following questions were asked...
post #201136..."Can you PROOVE that the city is taxing Eternal Image?? Can you explain exactly what the city is supposed to be taxing them on??"
post #201165..."I read a date in March as the official date when the company would be in arrears. Read it again and see if you don't see the same thing."
for your edification...the following info answers these questions/statements...
according to the farmington hills, mi. assessor's office, eternal image filed the 2010 docs showing what the value of the personal property EI wanted assessed and EI set the value at...$199,890...which was assessed at $9,806.19...
EI failed to pay the taxes for 2010 when they were due and to date have been accumulating penalties on the 2010 tax bill at the rate of 1% per month...
EI failed to submit the doc for personal property valuation for 2011 so the farmington hills, mi. assessor's office set the 2011 value of taxable personal property of EI at $248,610...which was assessed at $12,344.23...
EI has failed to pay the taxes for 2011 when they were due and to date have been accumulating penalities on the 2011 tax bill at the rate of 1% per month....
the current year, 2011, info can be found by calling the farmington hills, mi. assessor's office and the preceding years info can be found by calling the oakland county, mi. assessor's office... Eternal Image, Inc. (ETNL) Stock Trading Info:
according to the farmington hills, mi. assessor's office, eternal image filed the 2010 docs showing what the value of the personal property EI wanted assessed and EI set the value at...$199,890...which was assessed at $9,806.19...
EI failed to pay the taxes for 2010 when they were due and to date have been accumulating penalties on the 2010 tax bill at the rate of 1% per month...
EI failed to submit the doc for personal property valuation for 2011 so the farmington hills, mi. assessor's office set the 2011 value of taxable personal property of EI at $248,610...which was assessed at $12,344.23...
EI has failed to pay the taxes for 2011 when they were due and to date have been accumulating penalities on the 2011 tax bill at the rate of 1% per month....
the current year, 2011, info can be found by calling the farmington hills, mi. assessor's office and the preceding years info can be found by calling the oakland county, mi. assessor's office...
the doc names EI as the owner of personal property at their unit(#22) ...doesn't matter where EI has their assets and inventory if they report the valuation based on a farmington hills address...
the last filing shows EI valuing inventory at about $500,000 retail...what they show for assessment purposes would be closer to EI's cost...
nothing to prove...the doc is all the proof one needs...showing the taxes owed by and specifically naming eternal image...
you left out inventory...floor tax on unsold inventory is a great revenue source for many cities and counties...