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Saturday, January 30, 2010 11:35:53 AM
Well, this is something that we will have to wait and see. You could either believe (1) that the issue with the SEC is huge and will shut this company down (which many have obviously believed already and sold their shares based on this assumption, forcing the share price down to .0003 (which it now sits at about a five-bagger from this point)); or (2) that the SEC issue will not crush this company and this issue will be resolved, and that the company will come out of this.
Place your bets on whichever you believe is more likely. I personally (right or wrong) am betting on scenario (2) based on a number of factors, not the least of which is that the stock is STILL TRADING! If this was a total and obvious scam, the SEC would have taken swift action to halt trading, which the SEC has the power to do. The SEC would not allow this to continue to trade, putting MORE people at risk. Based on this (and other factors), I believe this will be cleared up. But again, this is just my opinion - it could be correct or it could be wrong. Make your bets accordingly, but the press release just issued seems to support my bet because, once again, it seems very risky for EESO to issue a press release like this if this were a total scam.
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