the fact they take from treasury and add to o/s is mandated by being a fully reporting company. since 6/1 they have issued 61m shares...not for finra.
in the 1st quarter EI issued shares valued at $69,269(7m shares) for stock based compensation. not for finra...
2nd quarter EI issued shares valued at $47,269(5m shares) for stock based compensation. not for finra...
3rd quarter EI issued shares valued at $47,269(5m shares) for stock based compensation. not for finra...
1st quarter 10Q states, "During the quarter ended March 31, 2009, the company converted $835,750 of Notes Payable to 221,414,409 shares of Common Stock for varying share prices ranging between $.01 to $.02. These non-cash conversions resulted in a loss of $2,887,987, and represent the excess value of the stock issued at market prices over the outstanding debt and accrued interest on the date of issuance."
nothing published by EI in the above conversion of notes to shares notes being associated with finra uplisting expenses...and all these notes existed in 2008
this quick glance accounts for 282m shares...
you have 300m shares going to finra....how did EI pay their suppliers, monthly expenses, salaries, royalties, etc, etc,? not with revenue from sales...
AI
