Eternal Image Inc (fka ETNLQ)

[lawrenzo]

amazing how people want to perpetuate the myth that the uplisting cost a lot of money...it didn't cost anything. if it had, money attached to the process would have been noted in the 10K filings...there is nothing in the 10K filings regarding the cost of the uplisting.

time and effort??? that is what they get paid to do as the only executives of EI...and i might note, GREATLY OVERPAID...example from pg 9 of the 2008 10K...

We currently lease two company cars. One is on a pre-paid lease in the amount of $33,921 for 24 months; the other is on an operating-lease with monthly payments of $1,836.

plus $2k per month per executive as a car allowance...over $100k per year just in these 2 items...

no products or money to get them out of the gate but they sure had shares to squander and boy did they squander...example from pg 10 of the 2008 10K...

Recent Sales (Issuances) of Unregistered Securities

We issued the following equity securities during the fiscal year ended December 31, 2008 that were not registered under the Securities Act of 1933, as amended:

·25,000,000 shares of preferred stock were issued to Mr. Clint Mytych for executive compensation valued at $500,000.

·145,000,000 shares of common stock were issued for executive compensation valued at $4,018,000.

·30,052,540 shares of common stock were issued for other fees and services valued at $952,463.

·1,545,400 shares of common stock were issued for interest valued at $30,908.

·1,170,945 shares of common stock were issued for cash of $12,500.

·32,500,000 shares of common stock were issued for a loan repayment with beneficial conversion feature. Of this amount, 32,500,000 was applied to repayment of the loan, and 1,545,400 was applied to interest expense. The amount of the beneficial conversion, $650,000, was charged to operations. The value of these shares was determined by dividing the conversion amount by the conversion price as stated in the note document. In addition, the consultants retained to complete the transaction 20,407,540 on the date of conversion valued at $714,264, which was charged to operations.

and what did this get shareholders??? from pg 29 of 2008 10K...

Advertising and Marketing expenses for the years ended December 31, 2008 and 2007 were $485,986 and $487,332 respectively.

and the irony of all this??? EI is the same company today as in 2008. same licenses, same lack of sales, same inept management, same debt structure, same pot of gold at the end of the rainbow puffery, r/s in 2008 because a/s maxed and r/s in 2011 because a/s maxed...

after the 2008 r/s EI mgmt gave themselves 25% of the remaining treasury stock, 145,000,000 shs... after the up coming 2011 r/s will history repeat itself with EI mgmt giving themselves 17,000,000 shs...