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Re: Basser1 post# 182588

Wednesday, 04/07/2010 10:18:42 PM

Wednesday, April 07, 2010 10:18:42 PM

Post# of 202893
· The 5mil reduction of owner-controlled shares is still in the works but it has been delayed due to time constraints related to completing the 2009 Form 10k

Hmmm.... Wasn't the 10K in the works when the 5 million reduction was presented to shareholders in Feb.?

· In order to better position the company for a future financing deal, it was more prudent to issue treasury stock (to maintain their Restrictive nature) for some debt retirement. We do hope that this was the last increase going forward into the summer

Are debt conversions going to go on forever.... In 08 debt to equity was the saving grace for restructuring the company. EI it's 2010...

· Our website will be temporarily taken down in the near future for reconstruction as we seek to greatly improve the Company’s web presence

Get it done. Haven't we heard this before?

· The auditors will have our 10k completed and ready for filing by the April 15th deadline. Contrary to prevalent rumors, we do not anticipate negative feedback and in fact are very bullish about what effect the 2009 Form 10k will have on our stock and EI's corporate image

Good!! Get it filed, pay less attention to prevalent rumors and concentrate on affairs you can address and show the "anticipated" bullish results.
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