How many are averaging down?
How many are waiting to buy in at lower levels?
How many are hanging on hoping for a rebound to 5 pennies?
Start asking yourself if there are such a thing as a stock scam.
Yes there are and EESO appears to be a pinkie stock scam.
Why do I say this?
All the original investors got paid per Jared.
Jared was owed over 2 million for his years prior to forming EESO.
Granted his $775,000 for four years is not a lot but why should he get paid when he was running Eagle Promotion, doing volunteer work and other non business work. It is his word that he is honest and was working during those past years on the 35 formulas that he sold to us for $50,000 each ($1,750,000).
Remember he got his formulas from ESI when he left them. That is a lot of money for developing something that I am not clear what it was. Oh a big lie, that is it. Tell them a lie and move on as this is logical. No public company could do this but a 100% controlled company can do whatever it wants.
Now Jared gets back pay for nothing and gets to sell us the formulas he got as a parting gift from ESI! Total cost is $2,525,000 plus the debt ECO brought over when it was merged into EESO. Details of course are not available. Accounting is so detail and Jared is not a detail kind of guy, my fellow American, God-blessed investor. He likes to use the gimmicks of the symbolism and avoid honesty. His bible lessons never taught him the value of the truth.
Jared's pretense of being a business man is a joke, he is a con man and will forever be marked as such for the rest of his life. His family will bear his shame and he will end up a discarded nobody after the courts are through with him.
No more deals will be made as his stock will crumble into the trips very soon. He will lose the farm (mortgage bal. under $200,000) and the equipment ($750,000 UCC loan) if he can not sell more stock. The other seven million in liabilities as reported in the Q4 need to be paid from somewhere.
Will the public buy more stock without any proof of financial soundness? Remember they are greedy too! Yes they will buy more stock so Jared can sell his three billion shares but the price is the only question. How soon does he need his money? How fast will the PPS go down? Only he and the public will know. I expect the .003 to be gone and the .002s on their way today.
What about the Preferred stock valued at $6,836,362? Will this ever be accounted for by lazy investors who do not understand what this stuff is all about? Almost 7 million dollars is claimed to be Jared's and friends money. That is over twice as much as the stock holders. Do they get their money first since they are preferred?
Watch out as the truth sinks in ever so slowly.
AI
