Eternal Image Inc (fka ETNLQ)

[Basser1]

Furthermore, including preferred voting shares held by our president, insiders have a total of 73.60% of the voting shares (common and preferred) outstanding. These shareholders are able to exercise significant control over all matters requiring shareholder approval, including the election of directors and approval of significant corporate transactions

I'm wondering what is so detrimental for the people who started this company to own a majority of the shares and to control decisions and approval of significant corporate transactions.

If I were the one who started a business I would certainly want to have enough shares to control the direction and decisions made affecting my company. Question: If you start a business who would you want to be the one in control and majority ownership?

"This could delay or prevent an outside party from acquiring or merging with us even if our other shareholders wanted it to occur."

All this says is that this prevents the company from being a hostile takeover target. It also means that Clint has no intention of selling this company. IMHO!!!!

Basser