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Re: GIBBER post# 123820

Wednesday, 04/22/2009 5:39:37 PM

Wednesday, April 22, 2009 5:39:37 PM

Post# of 192568
I think you may have hit the nail on the head. All you have to do is look at the unaudited B/S for Q2, 3 and 4. The A/R and A/P reveals a very tight cash flow. IMO-Things are not very good in EESO land. Listen to the CC. Jared was very shakey on some questions. Particuly the questions regarding receivables and the question regarding the Korean visit:

-DOW was not the only company represented during the Korean testing
-Actually it was a DOW Korea that was present
-Actually it was a Korean subsidiary of DOW
-Actually it was a Korean company that has worked with DOW

I have worked with many bankers in the past. If a small business owner walked in with financials like EESO's, they would be laughed out of the bank. Audited or not. Bad economy or not. Anyway, CEO's do some foolish things when they are under pressure. Hopefully, EESO's CEO will seek some advice from someone with knowledge before he puts another false and misleading PR out.