You ask for it, you got it: **UPDATE**
Much bigger update coming in the next week or two. Eastern Asteria and BnetTV have been busy at work. As I said a few months ago, the dividend would happen and it did. It shows the company's willingness to give the shareholders back the stake in BnetTV. A commitment they intend to see through- this was just a taste. In one form or another, EATR is going to give their loyal shareholders the rewards coming from bnetTV. And yes it will be worth the wait.
With over a 35% stake in BnetTV-- Eastern Asteria and their shareholders stand to do very well when BnetTV makes their big move. Remember, this company BnetTV is 10 yrs in the making. The value of EATR, because of their ownership stake in Bnet is directly correlated to the value of BnetTV.
BnetTV, which all of us now own a stake in, is working to be a liquid, publicly traded stock on the NYSE in the next 6 months. This is no easy task, and BnetTV has some of the brightest minds working towards this goal. As BnetTV's value becomes more evident, Eastern Asteria will most likely decide to repurchase their shares and take a bigger stake in BnetTV.
Accusations that the company is running the stock to sell it are unfounded. No new stock has been issued- the float is the same. There is no insider stock that is available for sale. Anyway, why would an insider dump shares at these prices (when they're not issuing new ones), which would diminish their stake in BnetTV which is worth 10 fold the current trading price of EATR? Soon to be 20 fold, maybe 50 fold. If anything, as BnetTV's value becomes more transparent, they will be looking to buy the stock, not sell it.
Remember, this is no easy time for BnetTV. BnetTV is covering mobile events all around the world. Working on acquisitions, private placement memorandums, compliance questions, etc- all has to coincide with them running a company day to day. This is why, it has taken a little time. There will be some very cool announcements coming from BnetTV shortly. I will have a very good update for you guys soon.... For all you naysayers that swore that there would be no dividend, pls- go away now. This fall will be filled with very good news about BnetTV, and I'm going to bring it to you. Don't worry about EATR's stock price. If you own EATR, you'll own BnetTV, and that will more then make up for the current share price.
