Well clearly some here know what's actually going on with El, but they've been paid/compensated to promote the company regardless of what it may do to anyone else.
So I wouldn't expect anything but praise from these types of individuals, complete lack of objectivity, or willingness to accept reality.
Just like El's so called management, they don't really care about investors/shareholders, they are paid to do a job and that's what they do, just like El's purpose is to use/dupe investors out of their money, they'll say and do whatever is necessary to either keep them holding on, or worse buying more.
I mean doesn't it seem a bit coincidental that we've been truthing about the LOC and the likelihood of it coming to fruition was slim to none for over a month now and then all of a sudden the company releases a ridiculous update, in hopes of getting off the hook?
Trust me, it's no coincidence and there never was any chance of getting this loan. I just think El and their representatives were hoping that providing this update would give their representatives some sort of ammunition to "Keep Hope Alive."
Unfortunately this is exactly what we expected them to do, I'm just surprised it took this long to do it. I guess they've realized, through feedback from their reps, that simply not talking about the LOC again and hoping it would disappear, like all their previous empty promises, just wasn't going to work anymore.
I thing by Friday this will be knocking on .0010 and if they decide the jig is up all together, they'll pull the plug on the remaining 35M shares and start preparing for the next approach.
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