Replies to post #153449 on Eternal Image Inc (fka ETNLQ)

[Teamlasvegas]

Convertible Promissory Note



We have filed this registration statement in connection with the shares of our common stock underlying the October 10, 2007 $650,000 Convertible Promissory Note that we issued to North Atlantic Resources, Limited (the “North Atlantic Note”). We had agreed with the lender, North Atlantic, to give it the option to have the shares into which the note can be converted covered by a registration statement filed with the US Securities and Exchange Commission. In addition, the North Atlantic Note provides: for interest of 20% per annum, an option to convert up to the principal amount plus accrued interest into shares of common stock at the rate of one share for every $.002 of principal and accrued interest annum being converted, and a due date of principal and all interest of February 28, 2008. On January 18, 2008, the lender, North Atlantic, exercised its option to convert the principal and interest into shares of our common stock. The total amount of the principal and accrued interest on the conversion date was $680,908.00 which was converted into to 54,452,940 shares of our common stock which is being registered in the registration statement of which this prospectus is a part.

[Lurker from Mars]

I think it will take them months to sell those if not the better part of a year...if they sell them all...Remember, they are only offerred, they are not "have to sell" shares.

For all we know they will hold till $2....It was stated that way as they are due to be unrestricted IMO...No doubt some will be sold to get some money back.

At worst, 140 new shareholders buying 1 mil shares ea and its all gone for good....