Eternal Image Inc (fka ETNLQ)

[Calfire]

Thanks Lawrenzo...

What I will factor into my analysis is to distinguish between how many of those treasury shares in 2009 were used to pay off debt from starting the company vs. how many were used for everything else in 2009 (i.e. growing the business or just getting by). I need to peel the layers of that onion back a little more to see what "I" need to know. Those details involving the use of treasury shares last year will be in the next 10k.

If 100's of millions of shares were used to pay down debt in Feb/Mar 09 (which we know took place)...and here we are in March 2010 with that same amount of paid off debt showing back up on the books...then I would say yes...there is a legitimate concern that a similar use of treasury shares could occur again in 2010 or 2011 and that of course could chew right through everything that remains. If debt has remained the same or gone down then I draw other conclusions.

There is no doubt the company created a lot of debt getting to this point. Waiting for next 10k to get the better picture. I also need to know more about how this new approach to rolling out licenses is going to work...how much is "our" profit margin going to be in these deals?