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Re: DD-214 post# 83092

Monday, 09/20/2010 12:12:44 AM

Monday, September 20, 2010 12:12:44 AM

Post# of 103340
I think it will be announced that a shareholder
has a controlling interest of the company..If that turns out to be Mr. Kendrick and he is also announced as the new CEO so much the better..I saw where someone said very few people are behind the company now..I would totally disagree as the volume of shares recently traded have not come near the AS and as indicated by several posts here are mostly shares bought and sold short term..In other words the same shares are just going back and forth through short term traders..while the longs are buying on the dips and holding..Which still means the majority of shares are being held..Since there is so much more interest now and more posts to go with that interest..I would say that many want the pps to go lower so that they can buy more shares to trade quickly with..I believe that the number shares traded daily speak for themselves..even on a day when 100 million are traded..those being sold are being bought..Just because a handful of posters on this board are negative against the company doesn't mean that all investors are negative..In fact I have seen new posters here saying negatives that have never posted before..Makes you wonder why the sudden interest??

To each their own..but transparency started last week whether anyone wants to believe it or not and by all indications..considering what was in the filing..the company didn't need to post them at all..They are still an elective reporting company and they could have gone on forever not posting anything..As we move forward..I bet we see more filings..

Try out this scenario..

Come Jan 1st or before one sharholder files that he has a majority of the shares and they are restricted..regardless of what has been said or what anyone believes..that would take out over half of the shares the company has for trading and even more with others holding restricted shares as we did hear that form 3's would be filed..That would inject a very strong feeling to all investors that at least the controlling investor believes that the company is worth much more..Just a scenario..but compared to someone saying the company still isn't being transparent..it's a wash..

I have presented my check list for all to see and I will be keeping score..Traders can only use past filings and nine month old filings for that matter..for a short while..until new ones appear..I expect we will see 1st quarter 2010 quickly and from all indications from what was said..which by the way could have been held back..it will not be that great either..

"Sales were considerably lower than the company expected due to order delays, cancelations, and a sharp drop in sales for the months of July and August (2009). 2008, 2009, and YTD 2010 have been difficult for the company in terms of unpredictable sales"..

On a side note..My take from what was updated to us..is that etc might have several retailers intially close to home..

"The Company anticipates retail availability of etc. brand products within 15 business days. Initial retailers will feature vanities in a variety of premium designer paints and glazed finishes."

Since Mr. Kendrick talks in terms of retailers..I would say that some smaller companies are also lined up..

Later in the same update..

"The company overviewed its 2010 sales / financial plan. Funds were raised this year in anticipation of continued introduction of the etc. brand to commercial customers, and the planned introduction of etc. to over 100 retail locations by year end 2010."

To me that speaks to the big box store as it doesn't mention retailers but to over 100 locations..

Now unless Mr. Kendrick has already been on his horse to just about every small retailer around their area..that number would be not only hard to get but hard to find..I would love to see a company like LOWES..HD or Mennards announced first..but I think that is still coming before the end of the year to represent the over 100 locations..If they annouce a big box store withing 15 days..I won't be sad at all..

Again to any that attended the shareholder meeting..I would like to know if the two from SC were there..or the landlord or CM?? For that matter I would like to know how many shareholders attended that were not a part of the company and what context the number of over 1 billion shares represented was extracted from..TIA...veno


To each their own..do your own DD..and the longs win here..All others are non shareholders or flippers..