We've known about the preferreds for years... at least since the o/s was in the 300 million range. Jared referenced them previously and if you bothered to look through the financial statements you would see the equity allocated to the preferreds... It's all there, and I remember bringing this subject up a year ago yet nobody payed any attention. If anyone seriously thought that Jared did not own the controlling interest in EESO from day one they should not be investing.
I think you have a point though, the only way common shareholders would have to be paid is if the management did not own controlling interest.... But they DO... and they HAVE... so either Jared is 100% deceptive, or some idiot wanted to throw away 200 million dollars!!!! LOL I'd love to hear Jared's explanation to that one, but of course it will never get asked and I will never receive an email response. Ah, ain't this fun?
You can look at the release 4/30/08 and see the then 1 million shares Preferred B (convertible with voting rights)also the first quarter of 2008 is included with I/S and BS.
I believe the $1.4 million payable to consultants is Jared's claim along with the $775,000 in accrued officer salary and loans from shareholder $122,000. Total due Jared then was $2,346,908 with interest accruing most likely.
Jared is for himself only. I suspect with all the money he repaid himself he has bought a new house as they are cheap now. JMHO
Anyone notice that he does not even explain the selling of the additional 100 million shares? The prior sales of stock were explained but he knows there is no logical explanation he can say like "We are losing money and I (WE) need to stay afloat until we become successful and bring value to the shareholders". Does any Jared supporter know what he did with the proceeds of the last 100 million stock sale?
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