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Re: drifterfcrc post# 124503

Thursday, 04/23/2009 11:45:13 AM

Thursday, April 23, 2009 11:45:13 AM

Post# of 192568
I agree with you the buyer that made the offer is buying shares. I am not sure that he is buying the 300m. I think those are restricted in Escrow and I am not sure they could do that legally. Jared stated 900m are in tight hands almost off the market. I believe at least 400m or more are owned by Jared and Allie. Then their is around 400-500M that probably close friends that loaned money, helped get Jared started and etc. That left about 800M shares in the true float. I believe around 300M were probably given to suppliers and service providers to pay for services last yr when they had no money and could not raise any. This is very common for pinkies. These were restricted for 6 mos. So the buyer started to buy them up when they sold in the market to get their payment. I think the first was the 40m market sell back when the stk ran. After that Jared made arrangements with the buyer to absorb these shares the suppliers were selling. No pinkie holds up that well without buyers lined up. So they have taken 300M off the market plus at least another 100-200m of the weak hands. Now this is how I think it will play out. The buyer has a shell on NASD and will give shares to all of the holders of 5% or more of EESO to this new co. They might get a little cash too. We will get mostly cash and probably one share of the new co. for every 1000 or so shares of EESO we hold. It will give the management more control of the co. and it will be on an exchange that can truly represent the growth of the co. to raise capital. If it goes this why it is brillant. Avoid all the whores on Wall Street to pay inflated fees for services that provide no value. This is how I see it playing out. It is not going to cost as much and Jared will take care of the shareholders.