Replies to post #154340 on Enzyme Environmental Solutions Inc (EESO)

[Gastrodamas]

Everything leased including the employees. makes for a great escape. wow Green same thing, if things fail it makes for a great escape. Worked for a siding and window company for ten years off and on when work slowed i turned to this company to fill the gaps. ERIE construction. They did the same thing rent or lease with sub-contract work. One day they had an office with 6-8 contract salesman and the next day all were gone. Left hundreds of un-happy customers. Owners made a killing.

[fringe_remnant]

What Did they Buy All That Stuff With?

Do you now if it is owned, leased, liened or in hawk? I doubt it.

Looked like a lot of second hand crap to me being offloaded. I have seen many setups like that all over the rust belt. All little companies trying their best to make hair gel and deodorant for flea markets.

The pumping just never stops. And you have no history on iHub.

fringe

[wEaReLeGiOn]

According to Jerry, EESO is making payments


on the fork-lift, so I wouldn't be jumping to many a conclusion over equipment ownership. Getting 10cents on the dollar for used equipment is the norm. That's why accountants depreciate all equipment on a yearly basis.

ESSO has goose eggs for assets. The enzyme formulas are worthless, and can only be a value-added asset in an accounting ledger.


I would not say no assets just there equipment alone has to be in the hundreds of thousands not to mention. Each unique enzyme solution does have monitary value. So no value would be an understatement.