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Re: Bklynboy56 post# 111607

Tuesday, 04/07/2009 6:00:46 PM

Tuesday, April 07, 2009 6:00:46 PM

Post# of 192568
My experiences as employee of startup companies that struggled is that they WASTE an unbelievable amount of capital. They chew through 10s of millions in just a couple of years by hiring incompetent and extremely expensive professional corporate-ladder climbers with fancy VP and Director titles who only know how to spend money. You will have several of them sitting in meetings all day long (costing 10s of thousands of company money each passing hour) and accomplish absolutely nothing. I've been in a few (thank God) of those meetings as techincal advisor and come away with nothing but disgust for their lack of focus and urgency for success. Most of the decisions made in those meetings are common sense decisions any average joe can make with just a little knowledge about the company and the business. Unbelievably disgusting. Well, that is the prevailing corporate culture of America these days. Take that and multiply by a million and you have the mess we are in today.

Just from what I hear and the photos I've seen regarding EESO, I sense focus and a no-nonsense approach to this company. Perhaps, they are not funded by some private venture capital, but by investors who can take their money out overnight and leave the company flat on its back. This I think is a good thing and a good motivator for companies in general. No free money for you to waste and give to undeserving management do are professionals at doing nothing.

If EESO keeps its feet on the ground and not fall into that spending spree mentality to building a company, they will be successful.

I'm keeping my shares. Not much, just 80k shares, but I plan on buying more in the days to come.

twogiraffe