Stock issuance history for newbies (draft)
2-25-08 Due to the small land mass and dense population, Korea and Japan have mandated that all odor producing farm operations become odor free to continue receiving government subsidies which is 70% of the cost of production. Up until now, there has not been a viable solution for this problem and the Company estimates that once fully implemented the Korean market alone is $80 million USD.
Why no Japanese contracts? What are they using?
Why so little from S Korea?
4-08-08 The company would also like to confirm that as of April 8, 2008 the outstanding share count remains at 223,716,398 commons shares issued and outstanding.
5-06-08 Merger with ECO, Inc. the owner of the 35 formulas valued at $50,000 each = $1,750,000.
With all of the new business initiatives and marketing campaign, I want to be open with the shareholders of EESO. Many of the opportunities that are in play require funding. Therefore, I would like to announce that over the next day or so I will be authorizing the issuance of up to 125 million shares that will be used to fund the company efforts and marketing to advance to the next level.
5-16-08 Midwest Distributor for Potencia Energy Drink
I guess sales are sales and enzymes sales are too hard to make.
6-11-08 International Pacific Sales,LTD All sales in western Canada
6-27-08 Vescor deal coming in July for GC2000. Vescor and IBEAM together on this.
7-10 Wipe Out Pens selling!
8-22-08 NO DEAL(BUY OUT) At the end of June 2008 I announced the signing of a letter of intent with VESCOR for the sale of the GC 2000. However, during the discussions and negotiations with VESCOR and with end user companies, it became increasingly clear to me that proceeding down the path I originally planned would have been extremely foolish in the long term planning and growth potential for EESO and our shareholders. Therefore, after careful consideration the Senior management of VESCOR and I have decided instead of selling the process to a larger company and then get a small percentage of the ongoing revenue from the sale of the separation units, we would build the prototype separation unit ourselves instead of selling the rights. This decision while it will slow the project down in the near term, I believe will add greater value to the company in the long term.
After doing additional market research we realized that the GC2000 project has much higher potential than originally thought. In addition, we have developed international and national contacts that have shown interest in seeing a completed prototype. This will allow us to be in charge of the end sales and demand a much larger profit for the technology. Whereas, the initial GC2000 project was being marketed at $7 million, of which EESO would have received 25%, by staying in control of the technology we believe the technology will potentially be worth closer to $30-40 million on an initial payment. Of course I fully intend to structure all future involvement with continued residual income for the life of the project.
During the negotiations it just became clear that we had not fully understood the tremendous value of the GC2000 technology and all of its applications. The estimated cost of the prototype including any additional testing could be up to $900,000 and I anticipate having a working prototype by the end of the year. I am happy to report that even though reasonable financing terms are difficult to obtain, I have negotiated and secured a line of credit up to $700,000. This line of credit will be in the form of an 8% interest only note maturing in one year. Our ability to negotiate these kinds of term shows the strength of our financial situation. The additional capital will be raised as needed, as part of the financing terms I must increase the authorized shares.
1 billion to 2 billion authorized.
Last time he talked about the O/S stock back in May it was 348,716,398 and now the balance of 651,283,602 shares are gone and there will be a debt of $700,000!
10-29-08 Lab testing equipment for GC2000
12-01-08 Cleans Slate with startup investors 200 hundred million and issues 250 hundred million shares to new retailer. Monthly interviews will start.
2-19-09 I am pleased to announce that our board has approved a stock buyback program for 2009 and we have already to date retired 4M shares... to say the least, ...
3-20-09 One week ago today, the prospective buyer deposited approximately 1% of the total purchase price offered into ESCROW as a sign of its good faith to follow through should Hochstedler accept the offer. On the flip side, the buyer requested that EESO release at least 300 Million of its remaining shares on a restricted basis as part of the overall exchange should both parties come to a mutual agreement; So far so good according to Hochstedler, "The buyer -- who we can't name just yet due to confines of our negotiations -- has taken particular interest in our industrial applications and is positioned very well internationally. I think it (the acquisition) could be a win-win for our prospective buyer and EESO shareholders... Further, as far as the shares are concerned, that puts us at about full capacity as we have 2 billion shares authorized... that said, due to recent occurrences with two different transfer agents, I feel it's in the company's, and its shareholders, best interest, to restrict our TA from releasing any share information at this time. Any due diligence can be done by interested parties through the Nevada Secretary of State website or office as this is a delicate negotiation and one I plan to see through to everyone's benefit; not one that during I can subject the company or its share price to with
04-09-09 . I believe that in terms of company growth, this buyer could take the company to new levels with its market reach worldwide. Further research, development and implementation of formula applications could lead to significant increase in company revenue and the prospective buyer has the resources that could facilitate this efficiently. That said, it wouldn't be fair to shareholders who are crucial to our success, to take a buyout offer at .10 a share for common shares. Attractive as it may be at face value, it isn't what we're willing to accept based on what we feel to be the true valuation of the company."
4-??-09 Video clip state no need to increase A/S and no Reverse Split Video is a farse.
7-??-09 Over 2.1 billion shares issued. This last 100 million shares have not been explained. A lot of the past issued shares likewise have not been explained. Less then 2.89 billion shares left to dump.
