I know how you feel. I once believed whole heartly myself in the company. I was a Mod at one time, but got tired of sugar coating everything and trying to protect EI by any means.
With the Officers selling like they did when they knew of a R/S coming, is just totally Criminal and just plain wrong.
Also them (EI's Officers) telling on their latest filing that they haven't recieved a pay check since 2008, while they've been selling stock that they gave themselves is also totally wrong, making them thousands. ALL THEY WERE TRYING TO DO WAS MAKE THE INVESTORS THINK THEY'VE BEEN WORKING FOR FREE.
THE SEC HAS RULES FOR INSIDERS SELLING. THEY MUST REPORT THOSE SALES WITHIN 2 DAY'S OF THE TRANSACTION. NOT WAIT 5-6 MONTHS, LIKE SOME OF THE OFFICERS DID.
IF THE SHAREHOLDERS KNEW OF THESE SALES AT THE TIME THEY ACTUALLY HAPPENED THEN THEY WOULD HAVE ACTED ACCORDING WITH THEIR TRADING.
(EXAMPLE)
IF THE OFFICERS ARE BUYING BEFORE THE FINANCIAL COME OUT FOR THE 3RD QUARTER AND THEY'VE FILED A FORM 4 WITH THE SEC. THIS MIGHT TELL THE AVERAGE INVESTOR THAT THIS IS A GOOD SIGN AND THEY MIGHT WANT TO DO THE SAME. OR IF THEY SEE THEM SELL BEFORE THE EVENT, THE INVESTOR MIGHT FEEL THE FINANCIALS AREN'T ANY GOOD AND THIS MAY CAUSE THE INVESTOR TO SELL.
CREDIABLITY IS TOTALLY GONE.
GO GATORS
statements made by me are considered opinions of mine unless those statements are made of facts.
