Replies to post #194557 on Eternal Image Inc (fka ETNLQ)

[Basser1]

There seems to be great effort to get this new R/S done, and quickly.

What's the matter Don? Is the R/S not progessing as fast as you would like???

Let's go over a little time line here ok?

On November 8th it was decided that the R/S was needed.
Was it announced then? Seems to me that if they were in a big rush to get this done then they would have filed the paperwork at that time.

Move on to Dec 2, 2010 when the company filed the PRE14c which announced the intention of the company to R/S and gave details of the ratios that would be used if this event was actually to happen.

If the company was trying to rush this through why would they give investors advance notice? With this advance filing that did not activate the R/S but merely confirmed intent investors were given time to make their decisions as to what to do with their shares.

December 14,2010 and the company has filed the DEF14c definitive action paperwork. Twelve days elapsed between the two filings. Now why would a company that is in a rush to do this R/S let twelve days go between filings? According to the filing the split will not happen before a period of 20 days have elapsed after this was sent to the state of Delaware where Eternal Image is incorporated.

The actions to be taken pursuant to the written consent shall be taken at such future date as determined by the Board of Directors, as evidenced by the filing of the Amendment with the Secretary of State of the State of Delaware, but in no event earlier than the 20th day after this Information Statement is so mailed or furnished.

Since the filing was Dec 14 that puts the R/S going into effect at the very earliest in the first week of January. Now considering the fact that investors will have had well over a month to make their decisions as to hold or sell their shares would you consider this to be some sort of ambush by the company? Could this advance warning of the event actually be considered to be a gesture that the company really does care about their shareholders??

Were any SEC rules broken by this announcement? If not then the only thing that I see that people have a legitimate beef about are the form 4 filings by company officers. Even on the form 4's nobody here really knows if there were any SEC violations or if these were done legally and will carry no penalties.

If this R/S is not moving forward at a pace that suits you maybe a call to the company could be made and they might just go ahead and speed it up some!!!! Oh wait there is that pesky wording in the filing that says that it won't happen before 20 days of the filing.

I guess that people should use the remaining time till this is implemented to make up their minds what they want to do.

JMHO

Basser

[lawrenzo]

it will be interesting to see how quickly clint gives themselves additional shares after the r/s. as it stands today without knowing if the big 3 have sold anymore of their personal shares...

post r/s clint will have.....1,395,530 shs
post r/s donna will have...2,063,188 shs
post r/s nicky will have....0,118,747 shs