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Re: Civicbird post# 184151

Wednesday, 05/19/2010 9:23:10 PM

Wednesday, May 19, 2010 9:23:10 PM

Post# of 202893
"How our PPS is held back at these levels"


more like how our PPS is propped up at these levels.. do you understand how to figure out *valuation* for any publicly held company..

PPS for ETNL for solely speculative purposes should be maybe .0005 and that's strictly for a lotto play hoping for one more run above that level based on hype and dreams..

Brendan, the company has a few hundred dollars in the bank (maybe less), over $4,500,000 in losses last year alone and according to their latest filing needs $1,500,000 just to get them through the rest of this year..

you understand that $1,500,000 is NOT gross revenues/sales but NET profit.. the company is millions upon millions away from ever turning a NET profit.. in order for them to net $1,500,000 they would need to sell around $15,000,000 worth of product in the next six months and that would JUST get them through December..

so let me state again, @.004 the pps is 10++ times higher than it should be for pure speculation just like all other starving companies out there..

oh, and if you think a buyout is possible, you need to understand what EI has to sell.. a few licenses that expire shortly that have proven to be valueless based on sales since their inception 5+ years ago.. it's a dead idea, no one wants these products, no one.. heck even the ones selling on ebay were up to 70% reduction and they still couldn't sell (imo)..

there's NO value to this company, NONE, NADA, ZILCH.. why do you think the CEO has sold 30%+- of his personal holdings the last few months.. you'll soon see more insider form 4 sells, mark this post..

sorry for the reality but look outside a handful of people from this board and you'll find ZERO interest or expectations for this anymore..

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