Eternal Image Inc (fka ETNLQ)

[DD-214]

for the still believers that ETNL ever had a *real* chance to obtain the now infamous LOC, read and digest this very carefully..

here's a company that had around $1k in the bank (per latest filing) yet it was their choice NOT to put up almost $1 million in interest and fees and also deposit another $ MILLION as security prior to closing the LOC.. my question is.. where do you think ETNL would come up with almost $2 MILLION most of which would be cash up front in order to close this much touted LOC? see how ludicrous this whole smoke n' mirror scam loan was that they used as a carrot for almost a year just to suck more folks into believing their was actually a possibility..


"After spending months honoring the due diligence requests from the potential funding source, they returned to us with terms demanding interest be paid up front totaling more than $500k on a $5mm loan, plus another $400k in miscellaneous fees. And they asked us to place $1 million liquid funds into an escrow account of their choosing"