West -- not only is he not laying down for Belmont and is actively fighting the nonsense of it -- it sounds like he is going after the sleazey former employee(s).

Oneinamillion -- Your hard work and dedication are certainly appreciated on this board. Unfortunately, we have been spoiled by all you do and it will become more obvious after you step down. Get some rest for a change and good luck with your next chapter. Keep posting and let us know the next opportunities you find. Thank you.

Murph not polished? Jared tried polished with that Sales Manager they had. Disaster. Former pastor? Hucakabee was a former pastor before being Govenor of Arkansas -- turned out to be a decent manager. Sure looks and sounds like a huge improvement in personnel.

"Observation/emotion should have had you out at the MA200 break." Exactly, couldn't agree more. But facts and accessability keep me in and I'm getting more at these sale prices. Thanks for the help!

Seedseller - Nice observation and thanks for reminding us of the leming mentality of following emotions -- following nameless, faceless people that can sway us more than facts and proven people many have actually met face-to-face. Interesting indeed.

Thanks for sharing your e-mail. I'm holding -- and lowered my buy order to take advantage of this new "sale."

"they will come out swinging tomorrow, just watch." I hope so, I have a big (for me!) buy order in for $.010 -- almost got it at the end of the day, so maybe they will shake some weak ones out for me. TIA for their efforts to give more gift shares...

Stop with the audit questions. If he's planning on selling by July why spend $50,000 for an audit? The selling price is based on future value not past value. They'll do their own DD to satisfy themselves about relevant past and future values.

If you don't believe it will be sold, then the audit will become meaningful at that point. Maybe that is why he's been using a 3Q time frame.

Enron had audited financials and they are lower than we are! And the list goes on and on. The PPS and the buyout are based on future expectations, not audited historical information -- especially for such a new company.

If the buyout doesn't go through, audits will be necessary. But to spend $50,000 now for an audit when you're selling out doesn't make any sense at all.

Admin said Interview Room 2 is also available for the CC -- so I guess that means it'll be open to 200

Be prepared today. Based on the chatter on these boards, it sounds like there is a good chance the first PR we see this week will be about contracts. While most are eagerly awaiting news on the buyout, this news will disappoint (in light of the expected buyout news) and thus we can expect a fall in the price as a result. That (IMO) will be the last best chance to buy shares at these bargains.

There were a lot of shares bought all the way up to .05 so there should be resistance on the way there. But after that, it will rocket. And if the big news is as big as many of us think, the resistance won't be much resistance.

Of course, buyer beware -- but sideliner/seller be much more aware! I'm looking forward to an exciting week and it could begin this morning...

Mluna02 said the first PR may be about contracts and not the buyout. If so, the price will probably drop since so many are expecting a huge buyout PR. Don't get shaken out of your shares if that happens. Better news will follow! Enjoy the week -- full of astounding surprises... (IMO)

Scottraders - Be sure to place your 'stink bids' in today because if there is a huge increase in volume they will restrict you to having to place new orders through the office.

Following is a previous reminder on this board:

Posted by: jimstr Date: Wednesday, April 29, 2009 7:45:40 AM
In reply to: sirkirt who wrote msg# 105499 Post # of 130146

For all Scottrade customers:
I feel a re-post is warranted with the expected increase in buying pressure volume coming soon. Nothing more frustrating than chasing a stock run only to find out you have to call your order in unexpectedly

Scott Trade has some auto trip feature that goes into effect every time we have a "out of the Blue high volume day" that cause them to restrict EESO and requires you to call your local branch. There's no charge, just the hassle of having to call them. Because this happens from time to time, have them put in a buy order for a 100 shares with no expiration date and bid price very low. Once the orders in the system, your able to go in and modify the order. (Someone else came up with this idea, but it works)
Kirt

Legion - A purchaser is going to do their own DD whether audited financials exist or not. They will do their own verification of the key historical financial information as well as forward looking material that is not reflected in the financials. Audited financials is a non-issue for the purchaser.

Drifter - if I might add the scams I've been burned by also did not have production, shipping, observable product, production facilities, expansion of facilities... -- all great promises of these things.

Razor - that is my guess as well. That is how Jared will "reward the longs." The weak hands and flippers sold out cheaply to the prospective buyer and less shares are required at the actual buyout. I don't know how acquiring shares is regulated by the SEC, but I think there is a requirement to report once you acquire more than 5% or some threshold like that. Perhaps the reporting requirement is to be made within so many days -- which could correspond with the buyout announcement. Guess we'll find out more in the next week or so...

mluna -- we're not worthy! You nailed this move. Are YOU the buyer?! Thanks for sharing your crystal ball.

Would a Happy Meal be more appropriate?

mluna -- I've got my popcorn and Coke and sitting in front of my monitor getting ready to watch the fireworks! Should start anytime, eh? I'm locked and loaded!

I'm with Scottrade and it shows my ACMG is up $857 on the day.

OT -- I'm playing with EESO now. It is about .015 and some news is due at anytime to drive it up (okay, perhaps down). At least they have a real mfg. facility and are shipping product. But like all pinks -- huge promises! I need something to hit to recoup from this disaster.

Good luck and thanks for keeping the lights on over here. I know it is lonely!

Similar to one back in December. Maybe someone is trying to keep their quarterly results in line with something. Makes me look good for the day with all my worthless shares jumping up.

Purdue -- I don't think intangible assets can be valued up after they are put on the books. You are describing a method for establishing the initial entry if they were acquired through issuance of closely held stock or some other exchange where the value is not objectively determined. Also, discounted cash flows is one way you can use to determine if the intangible should be written down (impaired.) In EESO's case this is an example of where the financial statements will not reflect the true value of the company.

No more dips? I was greedy and was waiting on .01 to buy more. I had the truck fueled and the beeping had started, but it turned so quickly I didn't get a chance to load up extra cheap. Will I get a second chance or was that it?

I'm long and bought some more at these distressed prices today. I have been merely responding to "muscle" about the finanaical statements. Since I perceive him to be a basher I didn't want to respond directly to his posts.

The value of the formulas will be reflected in the stock price -- and will not show up on the audited financial statements. Goodwill and the cost of the formulas are based on purchased amounts and not what they are currently worth. Market value and audited financial statements are usually not the same. The stock price will reflect value in the market place and that is what we are investing in if we expect the pps to be less than the true value. That is why we believe buying at .017 is a great opportunity since we will sell for many times that when the value of the formula, contracts, cash flow, pallets of finished product being shipped, unique products that meet the needs of customers, etc. are factored in. That is why someone offered .10 and why Jared rejected that price. That is why we are holding expecting significant gains. All I am pointing out is that audited financial statements are different than stock value. One is looking backward at historical costs and the other is looking foward to potential.

Those are just the accounting rules. That is what dictates how the financial statements (audit) will be prepared. The stock price is a forward predictor of value and should reflect expected value of all kinds of things -- the formulas, the contracts, the cash flow, the unique product meeting needs of eager users, etc. And that is why we are here -- not the historical financial statements. The audit will verify historical information and the systems the company uses to record transactions, but will not "verify" a valid stock price. It legimitizes the assets and the liabilities of the company. There have been some erroneous information in the postings the past few days about the financial statements and I wanted to clear a couple of them up.

The formulas were purchased? I thought Jared developed them. If purchased, they could only be written down in the financial statements if they are determined to be of less value than what they were purchased for -- not up. That's just the way it is. They may be "valued up" as reflected in the stock price -- but not in the financial statements.

Goodwill and Formula Values. There is no goodwill in the financials unless EESO has purchased another company for more than the fair market value of the net assets acquired. That is the only way goodwill gets recorded. The formulas would ONLY appear on the Balance Sheet if they were purchased -- not if they were internally developed. All these comments about goodwill and formula valuations are just wrong. If these were on the balance sheet as a result of the above, they could only be written down from there if the value goes down -- never up. Accounting is very clear in this area. So, audit or not, I don't expect to see either on the balance sheet unless they were purchased. End of story.

Concerning Scottrade, I tried to buy when volume spiked over 100M, and received the message I need to call my local office. I did, they executied the trade for the Internet commission rate and that was that. It was lifted a day or 2 later.

They also have a restriction on money deposited into the account about not allowing purchases of stocks less than $4 for a few days. I have a "margin account" and still am subject that that hold. If I sell another stock, those funds are immediately available to purchase under $4 stocks.

Understanding these nusances, I still like Scottrade a lot.

65,000 -- I'm new and been accumulating over the past month.

One more petty correction -- it is Bays, not Bay. May as well treat him with the respect he deserves. He used to have a CPA firm in Albany.

What do you see in DEEP? That news looks about as bad as it could be. Are their assets worth more in liquidation than the share price? Doesn't look like much is left to bounce off of. I own no shares -- just curious as to your thinking.

150,000 -- not counting the dividend - LOL

I used to live near Albany and the Albany Journal is a joke of a paper. It is local equivalent of National Enquirer. It should be read as entertainment and not news as they sell papers by making outrageous claims. Please, consider the source.

Why no details in either PR? No purchase price, debt assumption, dilution, etc. I've been in since $.88 so I sure want this thing to fly and am hoping the news is as good as it sounds, but would like to know about financing, capital structure after the deal, etc.

Does anyone know what the terms are supposed to be? Stock swap, assumption of Thursh's debt, new debt, etc.?

I saw that right after it happened and tried to sell immediately for the same price. Scottrade told me it was too far away from the bid/ask so I knew it was someone's goof. But I tried! That is my fear everytime I pull the trigger -- that I screw up my limit price. My account looked good for a few minutes as the value reflected that price.

One confirmed order -- guess that explains the take-off in the stock today! Thanks!

I bought some more shares (75,000) at the close on the bid (.0036) so I figure I probably paid for a new, cheap copier or at least some office supplies. They must be issuing stock to pay their vendors till the cash flow becomes steady.

Cramer had a nice little video piece on coal yesterday, so maybe we'll get caught up in a favored sector about time the production really gets going. Still looking for a big fall coal season for us. Good luck and may patience pay off...

Iseem -- Don't forget -- you can buy them at a discount directly from Pete. He's got a million share certificate to sell you. And if you want more (or less), Hubluv might be interested as well.

Wasn't there a large purchase at the end of yesterday also? 100,000 shares today... Someone is still buying...