EYI Industries (fka EYII)

[jcrom56]

Of course they are in complete control. They can't make market in an orderly fashion if they aren't in control. If they weren't in control, there would be no trading.

The company is not selling shares. The last insider sale took place on Feb. 25 2005...one year ago. EYII is a fully reporting SB-2 and are required to report insider sales. There have been no filings of insider sales for over a year.

If you are watching level II you will see that there is a pretty good balance between the buyers and sellers right now. Also by watching activity on the various chat boards, you will see a lot of recent interest and new names. The company entered into a standby equity distribution agreement with Cornell Capital several quarters back. A number of shares were issued and placed in escrow against anticipated draw downs. EYI has drawn cash over time to fund the Code Blue venture and Cornell has been issued shares accordingly. The escrowed shares have been part of the "Issued and Outstanding" count all along, but have been added to the public float as Cornell sold. That has disrupted the normal retail side MM activity and driven price down. CEIEC revenues will end the need for further draws on the Cornell equity line and you will see price move up to reflect normal retail/retail market making. The price will reflect the $210 million contract once CEIEC revenues begin.

jc