Are you going to start up with that spin again? I was just beginning to enjoy the peace and quiet! LOL
------------
Posted by: LC-GATOR Date: Thursday, June 11, 2009 6:48:14 PM
In reply to: dffhogs who wrote msg# 168568 Post # of 168627
Amazing how things come true. The writing has been on the wall for a long time. Clint and crew has been milking this thing for a long, long time.
118 share holders. Everyone here knows its closer to 3600
Stick around, it's going to get worse. You've been saying that for a long, long time and you haven't been right yet
What stuck out to me was the decline in urn sales. What's a few hundred urns mean? What stuck out to me was the casket sales and the record that was set in December 2008.
What is the truth here.
1) Bad market?
2) Bad management dicisons?
3) Market doesn't care for the products.
4) Sales manager called to duty in Iraq for 2008.
5) Company announced in early 2008 they would be concentrating their efforts on uplisting the stock and restructuring their manufacturing and distribution side. It was made perfectly clear that sales were not going to be the #1 priority for 2008.
One thing for sure. This company has been losing 2-7 million a year with only about $275,000 in sales. It's a start-up company in an expensive game. I will give you that EI got off to a very slow and rocky start, but there has also been very good progress in the last 8 months with new products coming to the market that have excellent potential. These will have little if any impact on the 2008 financials. The 10-Q's in 2009 are going to tell which direction this company is headed. Last years 10-K is a good foundation for measuring the company's progress and potential for success.
These numbers spell BIG TROUBLE. I don't know about you but I wasn't expecting much better results for this 10-K. You should watch the 2009 10-Q's. They should be timely from here on out with the new controller.
The days are numbered before ETNL see's .000. You've been saying that for a long time too. Cheer up! More bargain prices for both of us.
Good Luck. GLTY
AI
