I don't think that this is dillution but that is just my opinion. I believe that this was just a pre-arranged sale from someone either thinning their holdings or maybe closing their position. I can't wait for the new transfer agent to come on board and then we will have a relible way of tracking shares. But for right now it is just a guess by us and your guess is as good as mine.
September 23, 2009 Shareholder Bulletin Dear Shareholders,
Eternal Image will be ushering in a new transfer agent service in the Fourth Quarter.
This new transfer agent has a more open communication policy than our last, and will communicate the Total Authorized Share; Total Issued Share; and Total Outstanding Share numbers per our instructions. More information to follow in the coming weeks. Thank you all for your continued support
"rest assured that any increase of the O/S that is greater than a few percentage points of the total O/S is considered a "material event" and is therefore bound to be disclosed in a Form 8K."
So if it's less then a few percentage points they don't have to file a form 8K. Therefore EI can sell share in a small amount and not have to file any forms.
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