Much of the proceeds from the Officers’ sale of stock in 2010 were loaned to the Company in one form or another. Sometimes the loans are drawn up on Promissory Notes, but more often than not an Officer simply pays an expense on the Company’s behalf and submits an Expense Report for the Controller to file. Expense Reports are not reflected on a 10Q, so anyone taking a cursory glance at the situation would not be aware of just how much money the Officers’ have willingly put back into Eternal Image.
HOW IS THIS BEING ACCOUNTABLE, TRUST THEM...YA RIGHT.
SO THE OFFICERS SELL STOCK AND FILE FORM 4'S LATE..THEN THEY LOAN THE MONEY TO THE COMPANY, AND I"M SURE CHARGES THEM INTEREST. WHAT A RACKET.
KEEP IN MIND THAT THEY GIVE THEMSELVES SHARE WHENEVER THEY DECIDE TOO. THEY DON'T BUY SHARES LIKE THE NORMAL INVESTOR.
GO GATORS
statements made by me are considered opinions of mine unless those statements are made of facts.
