If you have time...Does this sound feesible from a charting stand point? A lot to read for a yes/no...sorry...
ETNL Longs…This is my thought process…read slowly…
Ok let’s start with the news:
The specific number of products that Matthews will repurchase from the Company during a contract year
OK, I know it says per qtr but the point is MATW has guaranteed EI rev every qtr for the next 2 years beginning in a couple months max…This rev is more than enough to give EI positive EPS for the year…
Kicker: EI spends no money on this license except for the yearly fee so the only expenses EI has at this point is basic expenses..THAT does NOT equal $1.5mil…EI is currently doing $250-$300k with the other products without any marketing. That covers salaries and some other utility expenses…If EI pulls $4mil from MATW per year, that’s mostly profit…EI has more than enough for marketing…and ETNL IS GREEN
MATW thinks this will be huge so they want to launch it, killed our PR, blah blah blah…EI has a global contract and is already IN TALKS, which means they could close deal(s) soon, with other countries…
Kicker: If EI is already going to be pos EPS, they have the freedom to make as much or as little as they want to close the deals faster to get them started…if they set these up like the MATW deal, EI collects a check every month, NO expenses….FREE MONEY
form a division with the express purpose of running a new area of the Company's business--the marketing of candle, prayer card, register book, and other ancillary product lines around the world.
Do I have to repeat myself?
Kicker: If EI is already going to be pos EPS, they have the freedom to make as much or as little as they want to close the deals faster to get them started…if they set these up like the MATW deal, EI collects a check every month, NO expenses….FREE MONEY
Unconfirmed SURPISE/Rumor: an LFM lurker told me he spoke to Tony and that EI has 2 new licenses they are about to launch…I KNOW…Apparently the VOF was a “renewal”….If and when I speak to Tony, I tried several times last night and this AM, I will update..Nothing from EI obviously…PITA applying the pressure….How dare they leave us in “limbo”...What a shocker if we have ONLY received the gamechanger so far...LMAO
Rubber meets the road:
How does this translate into the chart…?
DAILY:
Huge “selling” on a Friday...Most would say that is normal…We know there is a shorter and we know we have flippers and at least 1 gamer…We have also NOT heard of any LOC/loan news even after the MATW news…I stated in Feb after the MATW news in response to CND that I no longer think the LOC/loan is needed…WHY HAVEN’T WE HEARD…We know now, if you spoke with Tony, that EI will not screw the shareholder at this point. They want to support us, even stating that in their February 19, 2010 website update…What if they decided NOT to do a LOC/loan because the sharks are circling in chummed water…We all know BANKS SUCK these days…and it’s been MONTHS since we heard anything..It just doesn’t take this long…
Is EI worried we will rebel? Is the share reduction a peace offering? Is a would-be shark NOW STUCK CUZ HE SHORTED AND EI PULLED THE DEAL OUT FROM UNDER HIM???
Is Clint playing all sides against the middle creating a short issue and releasing huge news and the only thing that hasn’t worked is MATW pulled our PR!!?? The lynch pin if you will…Clint got screwed in 2006-2007...payback a bitch?
THIS is what I was thinking yesterday when I asked…WHY 8MIL ABOVE THE PREVIOUS CLOSE on a Friday and lots of selling??? Look at MFI…Look at CMF...They were green this “week”…PSAR just starting upward…ADX shows no increase in selling even on the daily…go ahead, do a daily to verify…We got us a game for shares…..WHY? Someone wants as many shares as possible and will take them EVEN ABOVE A PREVIOUS CLOSE, ON A FRIDAY!!!!
OK, maybe I am too close to it...I love this concept and I love the stock...This is well known…but CMON…above the previous close??? Even us hardened of longs were sitting below waiting for shares from Flipper and Shorty!!! I felt excited and ripped off yesterday…I was “bored” and even posted that to Teamlasvegas when he came on…I WAS WAITING…
So what does all this mean to me?
19. RIGHT OF FIRST REFUSAL Provided Matthews is not in breach of this Letter of Understanding, during the Term hereof, Eternal Image hereby grants to Matthews an exclusive right of first refusal to match the terms and conditions of any offer which Eternal Image may receive and be willing to accept from any third party to acquire substantially all of Eternal Image’s assets or capital stock pursuant to any corporate reorganization method recognized under the Internal Revenue Code, as amended. Specifically, should Eternal Image receive an offer subject to this provision, Eternal Image shall give Matthews written notice of the material terms and conditions contained therein, and Matthews shall have forty (40) days from the date of said notice to agree to consummate a transaction with us on the equivalent terms.
Here is the leap….WHAT IF someone is making a play for EI and has been sitting on bids with us but decided to take everything Friday knowing there would be selling...A high open and any “selling” would leave a red candle and cause the indicators to flip lower, BUT, in actuality it is a condition caused to the chart because of the charts design…IF we close green on Monday, do the indicators flip largely above THURSDAYS CLOSE signaling all those shares were bought, not sold…aside from the fact we all know trades are 1:1 and they obviously were bought…
See, on a chart, if the pps goes down we just label it as selling and a red candle shows…but here we have a red candle but HUGE trading, 1:1 ABOVE a previous close…THESE WERE BOUGHT, not sold IMO…It makes CENTS to me that someone is taking shares, even higher if needed, to make a play on EI…They need stock to buy EI or control EI going into any buyout activity…They know longs are nibbling...
I am going to stop here and let this settle in...Please look it over a few times…poke holes if you can...I think we need Monday to close green to possibly show me I am right…I doubt this will have a negative effect on the gamer if he is reading IHUB (which I honestly doubt) since a buyout would likely be .05 or higher at the minimum thus making these cheap…Let me know what you think...I tried to condense this thought...I hope you see what I am thinking…
AI
