Many of our dear 3 SOF members have asked for daily updates on EYII.OB developments. So I'm adding the stock to the 3 Pennies on Fire Portfolio and I will buy $1,000 of it around today's open.
A lot of information about EYII.OB can be found on the Double or Nothing thread (http://www.3stocksonfire.org/trading/index.php?topic=2327.0) at the $1,000,000 board or at HYRF's thread (http://www.3stocksonfire.org/trading/index.php?topic=2299.0).
Perhaps I will buy some more of EYII.OB because it is just too good to miss at these prices, of course, not forgetting money management rules and the fact that this is a very small penny stock (outside of the 3 Stocks or 3 Pennies Portfolios).
Good luck to those already holding :)
I just want to clarify some points first:
1) This buy recommendation for the 3 Pennies on Fire Portfolio has nothing to do with the $1,000,000 experience.
2) I won't sell this $1,000 of EYII.OB at a double (that would be $0.20, I bought today at $0.10), or even at $0.32 (that's where I'll sell the first $1,000 I bought in a double or nothing strategy).
EYII.OB rose 14% today on volume above average. Volume has been kept up lately, which is great to dry up that supply coming from options and warrants previous holders. I can't wait to see the day when supply vanishes completely from this stock and it will shoot through the roof.
I think it's when, not if, that will happen. It can be tomorrow, it can be this week or a month from now, I don't care, I have a sure thing in my hands and will look to take full advantage of it (I'm thinking of buying trucks of it on the way up).
Good luck to all those holding, but I believe you don't need luck !
Hello David:
Do you think that there will be a capitulation stage when some traders become discouraged and dump their shares - taking the price lower for a short time - before the blast-off - ?
Nb
This may be another 10-bag stock ($1.00 within one year).
We have dig out every details of the company's business, know pretty well about its fundamentals, recent deals and potential revenue, profit as well as the reason why the price has big swings recently.
Not many investors in the market place know better than us. Just hold for long term gain.
Quote from: nberski on October 04, 2005, 06:53:47 PM
Hello David:
Do you think that there will be a capitulation stage when some traders become discouraged and dump their shares - taking the price lower for a short time - before the blast-off - ?
Nb
I guess anything can happen on the short term. AMEP.OB did just that before it took off. EYII.OB might do that, but it can rise immensely almost instantly. So I would not be a seller here to buy lower, that's very risky. I would start buying on a scale up when the stock begins to climb.
Good luck nberski :)
Quote from: shawFund on October 05, 2005, 12:46:01 PM
This may be another 10-bag stock ($1.00 within one year).
We have dig out every details of the company's business, know pretty well about its fundamentals, recent deals and potential revenue, profit as well as the reason why the price has big swings recently.
Not many investors in the market place know better than us. Just hold for long term gain.
I totally agree Shawfund.
Nothing new happened yesterday, let me just leave the updated chart.
To me, the reason EYII has the big swings is that the buyers at the lower prices are just nervous, the price approaches a previous resistance level and the guessing of 'what happens next' hits. It may very well be that some folks are cashing in their 'free shares' and getting paid are a contributing factor. When you compare this thing to HYRF, HYRf has a 2-year story and they actually make something. EYII is a reseller that has not proven its mettle. Once they establish more of a history and that they have a client base in which to sell into, I think the swings will settle.
As far as a capitulation stage, the longer this bases and, to me, that means the news cycle, the more these nervous buyers will protect their profits as the pps creeps downward. The converse to this is that when buyers step in and when good news hits, this has a solid chance of stampeding, history proves that. If EYII shows some significant sales under this new agreement and the overseas offices, the herd may head for the hills!
Thanks for your analysis JKN, I appreciate it, specially on a day where I have nothing new to say about EYII.OB.
There were no developments on the technical or fundamental side today. I will continue holding EYII.OB for th foreseeable future.
Here is the product we are selling
http://cgi.ebay.com/Code-Blue-TM-Water-Filtration-System-L-K-NEW_W0QQitemZ5620197628QQcategoryZ19262QQrdZ1QQcmdZViewItem
In the auction it says you can start selling them as well with your own water filtration business- some MLM mumbo jumbo I'm sure, but I emailed the guy for more info..
At $80 a pitcher and $30 a filter which needs replacing once a month verified by a digital replacement display timer this thing should make lots of folks rich.. The Niche is ultra strong, The Product is ultra strong and now we just need to wait for things to take off
Of course we all would like to see a Bullish Sanpo (http://www.chartfilter.com/candlesticks/bullishcandlesticks2.htm#sanpo)
but does anyone think it will check the 50dma again? (see bottom chart)
I picked up more at .09 today and will load the boat if it tests the 50day. My .02
Here's another good link:
http://www.stockta.com/cgi-bin/analysis.pl?symb=EYII&num1=7&cobrand=&mode=stock
My guess is it won't hit the 50day MV.. HYRF had strong volume and a nice up day and for now EYII will continue to trade with HYRF.. I am looking for a move up(probably a gap up) either Tuesday or Wednesday just observing the chart, IF it stays in pattern with the rounding bottom and the past 4 spike moves.. It appears to me the past week or so pattern is simiilar to when the stock traded before the gap up with that first spike a few months ago...
Currently, the 50dma is .09 and another interesting observation when looking at the chart is that just before each run it dropped just below the 50dma. Rest assured if it drops below .09 I will be picking up more, if only for a trade.
Either way, we agree the time is getting near! ;D
Thanks for your posts, nice link for candlestick pattern information 422fwhp :)
There were no news during the weekend and the chart hasn't changed. I'm aware that the stock can break the ascending trendline and that still wouldn't mean it won't shoot up 5 or 10 fold in the coming weeks, so be careful with technical analysis on this stock ...
Interesting read copied from another board
I agree with you about Cornell. It is not a loan as so many seem to imply. It is a standby equity agreement with shares held in escrow, and Cornell can not touch them unless EYI fails to meet the terms of the agreement should any funds be drawn. Thus far, I can only see that $1,000,000 has been drawn out of $10,000,000 available. So the total number of shares Cornell would seem to be entitled to at this time is 1/10th of whatever is in escrow, and then only in the event EYI does not repay Cornell according the the agreement. The minimum guaranteed income from this first Code Blue contract, in my opinion, will make it unlikely EYI will need to draw much more on the equity agreement.
We know there has been no insider selling because there are no filings to that effect. I understand your concern about possible options out there being converted. I have no idea how many , if any, exist. The stock has been trading as one might expect considering the need to eliminate red ink and pay Cornell back the little that has been drawn. In spite of everything else, it is on the upside of a rounding bottom. It is setting ever increasing bottoms.
Here are some interesting indicators:
http://stockcharts.com/def/servlet/SC.web?c=EYII,uu[m,a]dacayyay[pb50!b200][vc60][iUl14!Lg]&pref=G
The upper indicator is perhaps the best single indicator I can offer you to demonstrate we are in a fairly strong up trend ( aside from the rising bottom curve). The ADX was created to determine if a stock is trading or trending. The indicator draws a line that indicates the strength of a trend, not necessarily it's direction, but it's strength. A reading above about 40 is a strong trend. You can see the ADX has been rising steadily to a strong reading over 40. Look at the two lines, one green (DI+) and ond red (DI-). These lines give you tell you if you are trending up, down or trading. The DI+ crossed above the DI- and riding between 30 and 50 is an upward trend. The ADX above 40 is the strength of the trend.
Now look at the lower indicator, the On Balance Volume. On balance volume is pretty cool the way it was devised. If a stock closes higher than the previous day, the OBV calculates ALL VOLUME that day as buying. If the Close is lower than the previous day, it calculates ALL VOLUME that day as selling. It then draws a line to give you the trend of buying vs. selling...hence,the "On Balance Volume". In the previous spikes you can see buying was balanced almost completely with selling, negating the spike...all but the most recent. Do you see that the On Balance Volume is now sticking closer to the top of the last move up? This tells you selling is losing the long battle with buying... The indicator is trying to help you with your concern about sellers waiting in the wings.
These two indicators are the best I could think of to most directly address your concerns about (1)trend and (2)sellers.
I am not concerned with such short indicators as a 20 DMA because I am not trading the stock. I have moved all my periods out to reflect a longer outlook.
Good luck, what ever you decide,
Thanks for that post fill_the_gap :)
It's interesting, but I will have to investigate a bit more about that Cornell issue.
I would not focus so much on the technical picture at this point, it is perfectly possible for EYII.OB to break down below its ascending trendline, making many bulls discourage and sell, and finally shoot 5 or 10 fold higher.
There were no news or technical developments on Monday's session, I will continue holding EYII.OB for the long term.
David,
Your analysis has been outstanding, I now have a full position in EYII and a higher than usual % of portfolio. Waiting for a lower price on low volume is not worth the risk of a giant bullish move, imho.
Wow ftg, you have some big ones my friend.
I'm over half in right now.
Let's make some money!
Bob
I loaded more at .09 ;)
Good luck and happy trading.
Quote from: fill_the_gap on October 11, 2005, 01:35:27 PM
David,
Your analysis has been outstanding, I now have a full position in EYII and a higher than usual % of portfolio. Waiting for a lower price on low volume is not worth the risk of a giant bullish move, imho.
Thank you, I agree with you fill_the_gap :) Selling now to catch the stock a bit lower, when there won't be much volume, is a risky business when there is so much evidence that this will end up to rise 5 or 10 fold over the coming months.
There were no news or new technical developments, it looks like the company has stopped the press release machine, which is all right.
For EYII, better do some fundamental analysis not TA.
One question about the China's deal:
Minimum purchase 4 mill units with $21 million. That translates to only $5.5 per unit.
Am I right on this?
Quote from: shawFund on October 12, 2005, 11:49:20 AM
For EYII, better do some fundamental analysis not TA.
One question about the China's deal:
Minimum purchase 4 mill units with $21 million. That translates to only $5.5 per unit.
Am I right on this?
Shaw, that is right! the math turns out to $5.25 per unit.
shawFund, what do you mean by unit? The pitcher? The filter? The Code Blue System? (which is the two products combined).
Please make a bigger transcription to get the context. Thank you !
Yesterday EYII.OB made it's 5th touch on the ascending trendline. Maybe it will brake the trendline on the downside, but as I've said in the past, that won't mean anything (but possibly many people will be discouraged and sell).
I'll continue holding, I'm glad volume didn't dry up completely on this. After people who want to get paid for services sell all the shares they have, EYII.OB will sky rocket.
I'll continue holding whatever happens over the short term.
Hi, David:
That is the question I asked. I don't know what they are selling to China in the deal: system? filter? or pitcher?
In the contract, it only mentioned 4 million minimum for a $21 million. That translates to $5.25 per sell.
What is the gross margin for the deal? How much money they can make for the deal?
Anyone can give an analysis on this deal?
China does have a big market for water filtering system.
For one: the apartment I rented installed one such system. I will look at the brand after I arrived at Beijing this weekend.
Hi, David:
Could you please have a look at MBAH.OB?
It is an insurance company and its CEO recently bought 500,000 of its own shares.
Currently it trades at $0.05. Year low $0.025, high $0.39
shawfund, to the best of my knowledge, the initial contract signed with CEIEC is for filters only. Code Blue filters fit into competitor's pitchers! But competitor's filters do not fit into Code Blue pitchers!
Quote from: starfire on October 13, 2005, 03:25:19 PM
shawfund, to the best of my knowledge, the initial contract signed with CEIEC is for filters only. Code Blue filters fit into competitor's pitchers! But competitor's filters do not fit into Code Blue pitchers!
How much they can make for each filter they sell to CEIEC? One dollar (about 20% gross margin)?
Thank you for the message. With this year's low of $0.02, EYII already gained 450% at today's closing price.
Check today's news from HYRF. HYRF net income for 2005 is $18 million+ ($0.52 per share!!!!)
With its price at $1.10, we will see $10 dollars pretty soon.
HYRF has gained 700% from this year's low of $0.14. It will gain another 1000% soon.
So, EYII has a lot of room to gain.
margins for filters is 30% and for pitchers it is 20%.
shaw you may be right about EYII potential but HYRF has outperformed EYII.
I hold 6.66% position in HYRF. Would like to pick up some EYII but waiting for it to move one way or the other.
Quote from: shawFund on October 13, 2005, 11:05:09 AM
Hi, David:
That is the question I asked. I don't know what they are selling to China in the deal: system? filter? or pitcher?
In the contract, it only mentioned 4 million minimum for a $21 million. That translates to $5.25 per sell.
What is the gross margin for the deal? How much money they can make for the deal?
Anyone can give an analysis on this deal?
China does have a big market for water filtering system.
For one: the apartment I rented installed one such system. I will look at the brand after I arrived at Beijing this weekend.
I did that here, I believe it is correct: http://www.3stocksonfire.org/trading/index.php?topic=2327.msg23518#msg23518
Quote from: shawFund on October 13, 2005, 12:12:24 PM
Hi, David:
Could you please have a look at MBAH.OB?
It is an insurance company and its CEO recently bought 500,000 of its own shares.
Currently it trades at $0.05. Year low $0.025, high $0.39
Lol, I'm buying it today for the 3 Pennies on Fire Portfolio ;)
Quote from: starfire on October 13, 2005, 03:25:19 PM
shawfund, to the best of my knowledge, the initial contract signed with CEIEC is for filters only. Code Blue filters fit into competitor's pitchers! But competitor's filters do not fit into Code Blue pitchers!
Do you think so starfire? On the next post I will put the entire agreement between EYII and CEIEC so everyone can look deep into it, searching for answers and clarification. Thank you !
EYII.OB may pick up some momentum from HYRF's press release today. New buyers is what we need to get through the $0.16-$0.19 resistance zone. EYII.OB didn't break the ascending trendline, but that doesn't matter anyway.
Of course I will continue holding the stock !
CHINA AGENCY AGREEMENT
THIS AGREEMENT is made as of the 15 day of September, 2005,
BETWEEN:
ESSENTIALLY YOURS INDUSTRIES (HONG KONG) LIMITED,
a corporation incorporated in Hong Kong, China,
with a place of business at 7865 Edmonds Street,
Burnaby, British Columbia, Canada, V3N 1B9
("EYI")
OF THE FIRST PART
AND:
GUANGZHOU ZHONGDIAN ENTERPRISES (GROUP) CO. LTD. and
CHINA ELECTRONICS IMPORT AND EXPORT SOUTH CHINA
CORPORATION,
corporations incorporated in Guangzhou, China,
with a place of business at 11th Floor, Guangzhou International Electronics
Mansions,
403 Huanshi East Road, Guangzhou, China
("CEIEC")
OF THE SECOND PART
WITNESSES THAT WHEREAS:
A. EYI, through its affiliate, Essentially Yours Industries, Inc., a
Nevada corporation ("EYI Nevada"), has the exclusive worldwide
distribution rights and exclusive network marketing rights with
respect to certain specialty products manufactured for it by Metals &
Arsenic Removal Technology, Inc., which products include a water
filtration system for the removal of, inter alia, nitrates and arsenic
from potable water, known as the "Code Blue Water Filtration
System" ("Code Blue").
B. Guangzhou Zhongdian Enterprises (Group) Co. Ltd. is an affiliated
company with an independent corporate body status under China
Electronics Import and Export South China Corporation, which is in
turn a foreign trade institution in the South China region under China
Electronics Import and Export Parent Corporation;
C. CEIEC and EYI Nevada have entered into a Letter of Intent,
pursuant to which EYI Nevada wishes to grant CEIEC agency rights
to distribute Code Blue and other related products in China, and
CEIEC wishes to act as a distributor of such products, including
Code Blue in China;
D. The parties wish to enter into a formal binding contract in
furtherance of the Letter of Intent;
NOW THEREFORE, for good and valuable consideration exchanged
between the parties, the receipt and sufficiency of which is hereby
acknowledged, the parties agree as follows:
1. Subject to the provisions of this Agreement, EYI hereby grants to
CEIEC the exclusive right to distribute the Code Blue Water
Filtration System in China for a period of two (2) years, and CEIEC
accepts such grant on the terms set out herein. EYI agrees to renew
the term of this agency for consecutive one year terms thereafter,
provided CEIEC purchases a minimum of 4,000,000 Code Blue
Water Filtration Systems in each year commencing 2007.
2. Upon the execution of this Agreement, EYI will issue an Exclusive
Agency Certificate to CEIEC, confirming the grant of agency rights
under this contract.
3. Subject to the provisions of this Agreement, CEIEC commits to
purchase Code Blue in accordance with the following purchase plan:
Purchase Plan
Year 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units Total
2006 100,000 400,000 2,000,000 3,500,000 (filter)item 6,000,000
2007 4,500,000 5,500,000 6,500,000 7,500,000 (filter)item 24,000,000
Total: 30,000,000 Code Blue Water Filtration Systems
4. Subject to paragraph 6 hereof, the agreed price for each Code Blue
Water Filtration System sold by EYI to CEIEC under the Purchase
Plan is as set out in Schedule "A" hereto. Unless otherwise indicated,
all pricing is in US Dollars. CEIEC shall purchase the products at the
agreed price, and agrees that it shall not re-sell the products for less
than the agreed price. All pricing terms under this Agreement are
confidential and shall not be disclosed by CEIEC to third parties.
5. CEIEC may, upon reasonable notice to EYI, increase or, subject to
the provisions of paragraphs 5 and 6 hereof, decrease the number of
units of the Code Blue Water Filtration System that it purchases
under the Purchase Plan, based on its evaluation of market demand
in China.
6. If, in any year, CEIEC purchases fewer than two-thirds of the Code
Blue Water Filtration Systems specified in the Purchase Plan (i.e.
fewer than 4,000,000 in 2006, or fewer than 4,000,000 in 2007), it
will cease to have the exclusive agency rights granted in paragraph 1
hereof, but will continue to be non-exclusive agents of EYI.
7. If, in any year, CEIEC purchases fewer than one-half of the Code
Blue Water Filtration Systems specified in the Purchase Plan (i.e.
fewer than 3,000,000 in 2006, or fewer than 3,000,000 in 2007), EYI
shall be at liberty to adjust the price of the Code Blue Water
Filtration System supplied to CEIEC under the Purchase Plan.
8. CEIEC will commence purchases under the Purchase Plan
commencing in October 2005, and will place purchase orders
quarterly thereafter.
9. All purchase orders shall be issued by CEIEC in writing, in a form to
be supplied by EYI, specifying the number of Code Blue Water
Filtration System units or other EYI products ordered, the price for
each such unit, the shipping costs, the delivery date, and the address
for shipment. The purchase orders shall be signed by EYI and
CEIEC.
10. Upon receipt by EYI of a signed purchase order, and upon CEIEC
making arrangements satisfactory to EYI to assure EYI of payment,
by way of irrevocable documentary letters of credit or escrow
arrangements, EYI will ship the ordered product in accordance with
the purchase order.
11. CEIEC shall inspect the shipped products to ensure that the products
have been received in good order, and in the event of any deficiency
CEIEC shall advise EYI of such deficiency within three (3) business
days of its receipt of the product, failing which the product will be
deemed to have been received in good order.
12. Any and all tradenames and registered trademark belonging to or
licenced to EYI or its affiliates shall remain the property of EYI,
(and where applicable, its affiliates') both during and after the term
of this Agreement, and the use by CEIEC of the tradenames and of
registered trademarks shall only be with EYI's consent, and shall in
no way abrogate EYI's (and where applicable, its affiliates') right and
title in and to the same.
13. In order for the EYI products and Code Blue Water Filtration System
to enter the Chinese market legally for sale and to obtain the Chinese
government's protection of the intellectual property of those
products, EYI shall provide CEIEC with relevant legal documents
about the said products, including, for example:
(a) Patent registration documents for the products,
(b) Government certification documents about the safety of the
products,
(c) Approval documents for legal export and import,
(d) Certificates of origin of the products,
(e) Trademark registrations of the products.
14. EYI shall guarantee the safety of its products to be sold on the
Chinese market and that the packaging specifications shall meet the
product safety standard and packaging standard as required in China.
15. All certificates and documents that EYI supplies to CEIEC shall be
valid legal documents.
16. EYI may make such announcements to its shareholders and the
public market with respect to the business arrangements
contemplated by this Agreement as it deems appropriate, in its sole
discretion.
17. With respect to any issue not covered in this Agreement, any
additional provision or agreement and affiliated document as agreed
upon and signed by both parties, shall have the same legal validity as
this contract.
18. CEIEC may, at its option, and on reasonable written notice to EYI,
assign this contract to its nominee company, to be registered and
approved by the Chinese government, but, notwithstanding such
assignment, CEIEC shall remain an obligant under this Agreement.
19. Subject to paragraph 16, the provisions of this Agreement constitute
confidential information from the perspective of EYI, and CEIEC
shall not, without the prior written consent of EYI, disclose the terms
or conditions of this Agreement to a third party.
20. Any notices required or permitted under this Agreement shall be in
writing and validly given if delivered personally, sent by courier or
sent by fax.
21. This Agreement is governed by the laws of Hong Kong.
22. When signed by the parties, this Agreement shall officially become a
valid and binding legal contract.
EXECUTED by the parties as follows:
Executed in Vancouver, B.C., Canada, by Essentially Yours (Hong Kong)
Limited, this 22nd day of September, 2005:
ESSENTIALLY YOURS (HONG KONG) LIMITED
Per: /s/ Dori O'Neill
_____________________________________
(Authorized Signatory)
Executed in Hong Kong, China, by CEIEC, this 23rd day of September, 2005:
GUANGZHOU ZHONGDIAN ENTERPRISES (GROUP) CO. LTD. and
CHINA ELECTRONICS IMPORT AND EXPORT SOUTH CHINA
CORPORATION
Per: /s/ signed
_____________________________________
(Authorized Signatory)
SCHEDULE "A" TO CHINA AGENCY AGREEMENT
CONFIDENTIAL PRICING SCHEDULE (in US Dollars)
ITEM
DESCRIPTION
PRICE
Filter
The Code Blue Water
Filtration System Water
Filter must contain
technology to remove:
nitrates, nitrites, arsenic
and other contaminants
from tap water. $7.00 per unit
Pitcher
The Code Blue Filtration
System Water Pitcher must
be a unit that is able to fit
the above filter to remove
the contaminants from tap
water. This unit must have
an appropriate reservoir to
hold the filtered water.
This pitcher must come in
a box with Code Blue
branded material. $13.00 per unit
Thanks David! Here is my interpretation, see the the cut and paste below:
"
Purchase Plan
Year 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units Total
2006 100,000 400,000 2,000,000 3,500,000 (filter)item 6,000,000
2007 4,500,000 5,500,000 6,500,000 7,500,000 (filter)item 24,000,000
Total: 30,000,000 Code Blue Water Filtration Systems
"
Note: It says 'filter' in parenthesis (rather than 'pitcher'). However this contract includes pitchers as well. So in reality when they cut a purchase order, theycan specify pitcher &/or filter. Anyways the filters carry a higher margin!!!
Of course everybody can have their own interpretation!
Starfire - the numbers are very well defined but the most important fact of the whole contact is the order not the numbers. No order - no sale - no numbers.... as stated below... we should see an order for hopefully 100,000 units soon... that's the big ??? and that's when this deal solidifies itself as binding. IMO ::)
"CEIEC will commence purchases under the Purchase Plan
commencing in October 2005, and will place purchase orders
quarterly thereafter"
bw, absolutely! Once the P.O is cut for 100,000 units and delivery begins, they are committed to a minimum of 4million units / $21 million.
This is my first post. I have been reading the posts on this board with great interest. I am pretty new to trading especially in penny stocks.
I have a question. From reading the agreement that EYI has with CEIEC, it appears that this agreement is somewhat open ended. By that I mean that CEIEC does not necessarily have to meet the required purchases quarterly or yearly. It appears that they just would lose exclusive rights to distribute the units. Is this the case?
Godis King.. Yes you are correct.. You really need to know the product and have a strong opinion that it will be marketing well by EYII and be successful. I have already made that bet.
As others have stated WALL SHEET says show me the money. And that will be when their is a first purchase order.
Well, the way I look at is EYII got a girlfreind (the Chinese), they fell in love and got engaged (LOI with CEIEC). The marriage went through (the contract). Now its time to consummate the relationship (the first order) and have some chillens (more orders and some profit). ;D
from the RB board - FWIW
Nothing gets the street's attention like revenues. I think yesterday you saw that most people know the difference between an "unrealized gain" and real money.
HYRF has no contract with CEIEC. The contract is between EYI and CEIEC. So there is no penalty clause for HydroFlo. The penalty for CEIEC is the loss of exclusive agency rights in all of China to sell the Code Blue products, should they fail to meet the contracted minimums. If they fail to meet the contract terms, the exclusive agency rights go back to EYI. Part of the terms of the $210 million contract between CEIEC and EYI is the exclusive agency rights to sell in China. So it will be CEIEC doing the selling in China, not EYI. Remember, CEIEC wanted this product the day they saw it. CEIEC is a billion dollar plus Chinese company that imports and sells products throughout China. If anyone knows the Chinese market, it is a company like this. It is CEIEC that wants this product! And keep in mind, CEIEC is run by the Chinese government which is currently faced with an enormous arsenic and nitrates/nitrites drinking water problem.
Eyi is still not out of the gate on this contract. As soon as they begin to report product deliveries and income, then I suspect EYI price will react. EYI does not seem to go overboard in reporting things. The CEIEC contract was reported, and left at that. The Hong Kong office was reported, and left at that. EYI reports things once and when they happen. HYRF has worked over this CEIEC/ EYI contract and I think that frankly, for them, the EYI/CEIEC dog won't hunt any more. That has long been worked into the share price. HYRF will continue it's march as other positive developments are reported.
But the bottom line for HYRF and EYII where Code Blue production and sales are concerned is that CEIEC saw it, wanted exclusive agency rights in China, and signed a 2 year $210,000,000 contract. CEIEC is a Chinese billion + dollar company that makes it's living knowing the Chinese markets.
Nice post Vic666,
I added at .088. When the order and shipments begin, the price will not look back, imho.
EYII is now my # 1 holding as far as percentage of portfolio. Much time and resources have gone into this deal. HYRF and EYII opened China operations. It is just a matter of time for the price to reflect the Contract.
I challenge you to find another stock with such potential to appreciate. Real companies and orders involved. The need for the product is well documented all over the world.
Patience is key.
-Jeff-
lol fill the gap, incidentally, this happens to be my no. ! holding percentage wise too!
I've done quite a bit of DD on this to feel confident enough to hold for a while, as well as buy on the dips like now in the 0.08's and 0.09's.
The PR talked about shipment commencing on Oct. 2005, this month. when news of that hits along with the satisfaction of CEIEC over the shipment, that'll be the key.
not before long, I believe this will take off fast...once those sellers that r holding options (as randolph/ramsburg mentioned) convert, this thing will look much better.
i wanna hold this atleast until April 2006, approx. what do u think?
Vic,
I agree. The appreciation may be fast and fierce. I missed the run selling HYRF too early. Also sold AMEP too early. I will take some profits on the way up while letting most ride for the future. The stock should continue to rise over the long haul with the domestic and international sales beginning. Imagine the residual income from the filter replacements alone.
EYII sales will begin to snowball. No way I am selling to miss this ride.
Let me know the status of the options. Where is the overhead supply coming at this time ?
EYII is a long term company to have in the portfolio. No logical way to time EYII, imho.
I agree with both of you! This is my second largest holding (HYRF is 1st). I also added...at .086, .089, & .09 bringing my overall cost basis to .092 and patiently waiting.
Jody
Well said Vic. As soon as EYII shows some sales, we start up the ladder. If the sales are really good, it goes through the roof. EYII is my 2cd largest holding. I got lucky on HYRF and got a solid 4-bagger, in at .175 and .225, all out at .88, piecing out on the way up. I would have made alot more but I never could get complete fills at .175 and finally got a half position at .20 avg before it started its march. I didn't buy the gap fill, I was expecting it to pierce the gap a wee bit more so I didn't pull the trigger. It filled the gap quickly and well, you know...
If this deal works the way its expected, EYII will be a cash cow. If the sales are through the roof, we can expect at least a HYRF-style move. I'm in at .075, .085, and .095 and I haven't sold a share in all of the spikes. I may begin adding if I move out of some other positions.
Just a hunch but I bet this new Hong Kong office is working on Indonesia. I hope they are also thinking about India.
Quote from: shawFund on October 12, 2005, 11:49:20 AM
For EYII, better do some fundamental analysis not TA.
One question about the China's deal:
Minimum purchase 4 mill units with $21 million. That translates to only $5.5 per unit.
Am I right on this?
Shaw,
Your question is a good one, and I think there is a fundamental problem of EYII issuing press releases that misstates the contract with CEIEC. The full contract is on EDGAR. The fundamentals are (the contract is quoted extensively below):
1. The minimums for exclusivity are:
"If, in any year, CEIEC purchases fewer than two-thirds of the Code Blue Water Filtration Systems specified in the Purchase Plan (i.e. fewer than 4,000,000 in 2006, or fewer than 4,000,000 in 2007), it will cease to have the exclusive agency rights granted in paragraph 1 hereof, but will continue to be non-exclusive agents of EYI."
2. "The agreed price for each Code Blue Water Filtration System ... set out in Schedule 'A.'" The pricing on Schedule A is:
Code Blue Water Filtration System Water Filter--$7.00 per unit
Code Blue Filtration System Water Pitcher--$13.00 per unit
The contract also says that "CEIEC ... agrees that it shall not re-sell the products for less than the agreed price." That price is not stated. Apparently someone thinks that Chinese law allows price fixing. And it might.
3. There can be a price adjustment of an unspecified amount:
"If, in any year, CEIEC purchases fewer than one-half of the Code Blue Water Filtration Systems specified in the Purchase Plan (i.e. fewer than 3,000,000 in 2006, or fewer than 3,000,000 in 2007), EYI shall be at liberty to adjust the price of the Code Blue Water Filtration System supplied to CEIEC under the Purchase Plan."
4. CEIEC commits to purchase Code Blue in accordance with the following purchase plan:
"Year 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units Total 2006 100,000 400,000 2,000,000 3,500,000 (filter)item 6,000,000 2007 4,500,000 5,500,000 6,500,000 7,500,000 (filter)item 24,000,000 Total: 30,000,000 Code Blue Water Filtration Systems"
Notice that the term "filter" appears in parens twice ... the commitment is to buy the $7 per unit filters. $7 times 30,000,000 units equals the $210,000,000 that is cited as the value of the contract.
5. The purchase requirements are completely illusory:
"CEIEC may, upon reasonable notice to EYI, increase or ... decrease the number of units of the Code Blue Water Filtration System that it purchases under the Purchase Plan, based on its evaluation of market demand in China."
6. The press releases of EYII appear to mix up the requirements to maintain the price and the requirements to maintain exclusivity.
6a. To continue to purchase at the same $7 price, CEIEC must purchase 3 million units at $7 each year. That adds up to the minimum of $21,000,000 that shows up in press releases.
6b. To continue to have exclusivity, CEIEC must purchase 4 million units at $7 each year. That adds up to a minimum of $28,000,000, a number not stated in the press releases.
Some of the above is not the best of news. Like what?:
1. CEIEC has no real minimum purchase requirements.
2. $7 per does not imply a huge profit for EYII. But even if it is $1, that is potentially $30,000,000
3. EYII is not a sophisticated company. There are no excuses for not being able to explain to investors accurately what a contract says. But this point leads to the good news.
The good news is that the press releases do not seem to factor in the sales of the pitchers at $13 a pop. The contract itself is silent about whether EYII will sell or CEIEC will buy any pitchers, but the inclusion of pricing on Schedule A suggests that the parties have discussed supplying pitchers (with no stated minimums) and agreed on a price. EYII could therefore have something that is even better than a $210 million contract, or could have a secondary product to take up some slack if CEIEC does not buy as many filters as anticipated.
What does this mean?
Let's say that all 6 million filters are sold in 2006 at $1 per share profit. Let's say that sales of pitchers are 500,000 at $2 profit. We have $7 million in profits in 2006 which is about 4 cents per share ($7 million divided by 167 million shares outstanding). Obviously, higher margins are more profits. I am just guessing on the profit margin, but 15% for a huge contract to a huge distributor is a pretty decent guess.
Let's say that 2007 is not too optimistic and 24 million filters are sold in 2007 at $1 per share profit. Let's say that sales of pitchers are 2,000,000 at $2 profit. We have $28 million in profits in 2007 which is about 16 cents per share ($28 million divided by 167 million shares outstanding).
All this assumes, of course, that no more shares are issued (300 million are authorized).
If all the above is correct ... 4 cents a share at 10 times earnings would be a 40 cent stock. The other posters who say that those purchase orders need to come in and need to validate the volumes are correct. If throughout 2006 the validation continues, then this could be a really good stock. Hoping from a HYRF reaction may be unrealistic though - and HYRF (I posted there too) has its issues too.
I own a bunch of this one, for good or ill, so good luck to all (or at least to me :D). Dave
Dave,
Are you having second thoughts on EYII.OB because of HYRF? From earliers posts I have read, it appears the EYII is levered to HYRF. I did notice that EYII.OB was down today also.
Your thoughts would be appreciated.
Thanks
No, I have some reservations about HYRF. The initial valuations are based on huge margins on its products, and those are not there. If EYII is selling a filter at $7 and making a profit, HYRF (actually its sub MARTI) is actually making the filter (or having it made) which costs money and selling it to EYII for somewhere south of $7. HYRF's only known business of any substance is the EYII contract which we have been hearing about for a couple of months (with no other business of note mentioned for HYRF) and with HYRF going overboard to try to revalue its entire company based on that one contract. It seems to me that EYII may make as much on the China deal as HYRF, and that one contract does not legitimately turn HYRF from a 20 cent stock to a $2 stock. $1 is too high IMHO. Don't get me wrong - I have made more money on HYRF than any other stock this year, but sitting around thinking it is worth several dollars a share is just not there. When HYRF announces 10 contracts to sell products (and lets face it, if there were more we would know it), then maybe. Bottom line - I think EYII is a good stock at this level. I bought at 13 cents thinking that a double in 6 months was a good bet. HYRF - I am a seller at this level....
Technically todays price action broke out of the first trendline only to confirm a new trend as long as the new ascending trendline doesnt get broken tomorrow by another down day of price action. Its only a matter of time before this one heads to the highlife. This price is a great buying opportunity, i may just have to pick up some more tomorrow morning.
-fousc
I bought in early an 14 and at 9. And I must say I'm a bit more pessimistic than many of you.
The deal simply has no guarantees. The Chinese are smart business people. But not so transparent. And like any culture that's fundamentlly different than ours, we tend to (mistakenly) base our expectations on how we would behave.
Suppose the first order EYI fills, and it might very well be a small exploratory one--suppose it doesn't sell well. It is possible that there will be no future ordrers. True, the exclusivity will be lost, but if the big guy can't sell it, why would another company jump in?
The product becomes tainted. Impossible? If Classic Coke could faill, why not this?
Most of my experience is in the film area. it is not uncommon for one studio for purchase a property though having no expectation of making the film. Just to keep it away from someone else who might. Like a pre-emptive buy. There is certain to be similar chicanery in any area of enterprise. I'm not suggesting this WILL happen, but pointing out that there are so many other things outside of our awareness that can.
If people are commiting large percentages of their portfolio to this company in the belief that it is a sure thing, let's remember to be wary.
Of course I hope I'm wrong, as I so often am. I'll be as happy as anyone else to see EYII take off. Just more surprised.
Prfsr Hal
Great, great posts on this thread :) My special congrats to bigdogs99999 !
EYII.OB broke the ascending trendline, as expected. Discourage is taking place, as expected, and some if not many long term holders are selling now. This will clear the way for the next advance phase, with not much volume, but huge price appreciation.
What's happening with HYRF is actually welcome for EYII shareholders. Maybe people will sell HYRF and buy EYII, because they still want a piece of this Code Blue deal, and HYRF may hide it on one of their subsidiaries - as I see it, and is explained on HYRF's thread by bigdogs99999 and eggman1, revenues and profits may never come to HYRF's shareholders, only by the value increase of their subsidiaries. It is only an asset play, and asset plays are valued by their assets. HYRF's assets valuation is subjective.
Anyway, someone will profit from the deal, and EYII is the best candidate. It also develops businesses in other areas and it is making efforts to sell the Code Blue and other products in other parts of the world, not just the CEIEC China deal.
The fact that the company stopped issuing press releases is a good sign. It probably means everybody that wanted to sell in a hurry to get paid (suppliers) already sold.
I think the stock will spend about a week or two between $0.06 and $0.08 before it takes off to values above $0.50.
I will continue holding EYII.OB, nevermind the chart below.
Considering the amount of DD - the chart - and the information that the first order will be this month - - - This is either about to explode upward - - - or - - - this is by far the most elaborate trap/scam that I have yet bought into.
The true test will be continuing orders according to the agreement ---- but I do not think we will have to wait ---- when the first order materializes at this low volume - - - something is going to happen.
It would be just about impossible to perpetrate such a beautiful scam -----
I am holding a double position at about .115 - - I will pick up more if it goes below .07
Applaud, David for EYII analysis. I am waiting for my XXXL T-shirt though.
Stocky,
EYII and XXXL T-Shirt sounds wonderful !!
8)
cheers
O.
This was my take on EYII.OB, so you see I'm not worried about the recent market action:
QuoteI think the stock will spend about a week or two between $0.06 and $0.08 before it takes off to values above $0.50.
Quote from: nberski on October 18, 2005, 02:09:47 PM
Considering the amount of DD - the chart - and the information that the first order will be this month - - - This is either about to explode upward - - - or - - - this is by far the most elaborate trap/scam that I have yet bought into.
The true test will be continuing orders according to the agreement ---- but I do not think we will have to wait ---- when the first order materializes at this low volume - - - something is going to happen.
It would be just about impossible to perpetrate such a beautiful scam -----
I am holding a double position at about .115 - - I will pick up more if it goes below .07
I agree with nberski and I don't think EYII.OB is a scam. Buying interest, based on fundamentals, met selling interest based on «I want to get paid, now». The recent market action is explained by «oh, this thing didn't go up, I'm totally fad up with it».
In the end, fundamentals reign supreme.
Don't forget AMEP's case, «fundamentals» warranted a much higher price (oil rose everyday but the stock didn't, every rally was met by heavy selling, the stock ultimately broke an ascending support on the downside, and then it shot up 10 fold on not so high volume).
I will continue holding EYII.OB.
(the t-shirt is still being made here in Portugal stocky, don't worry, it will get to you :D)
I'm sure this is a mistake but scottrade was showing eyii trading at .373 (up 397%)!
Of course I was trying to sell but bid/ask were still showing .075/.077 respectively and it would not execute due to it being "too far away from current price" or something like that.
...would have been nice!
Jody
Stocks should fundamentally trade based on future estimates. But each increase is met with overhead selling with EYII.
The fear must be that the deal needs to begin delivery in October. (no news yet on this, but October is not over)
And that the deal is loose in the terms. If the Chinese do not like it, they can get out and just lose the exclusive rights and a small amount of capital on the trial purchase.
The argument above is countered with the fact that EYI and HYRF set up Chinese operations. And HYRF certainly would not go to mass production for the Chinese on a loose deal. So I feel good about the developments in accordance to the deal.
The question is: how do we know how much funding EYI is tapping into with Cornell ?
Since the money stream has not begun, don't they need funding to continue operations ?
Obviously, Cornell liquidated many millions to market. How can we figure how much is left ?
The beauty will be when the cash arrives and financing is out of play.
I added .073. Could not resist the risk-reward. 7 cents was support prior to the deal.
I saw some premarket trading at .085 and .087...i thought this was finally it...so, of course, i bought more at .087...just to see it drop immediately afterwards to the .073 zone...what was that all about....geez!
well, this hopefullly will move up before the end of October...that got me a little irked this morning to be tricked like that ???
good luck to us holders!
julia
Quote from: gmarc66 on October 19, 2005, 01:50:45 PM
<snip> to the .073 zone...what was that all about....geez!
good luck to us holders!
julia
I hope it was just a test of support. I also remember noting that before the last "big" moves it dropped below the 50(MA). I added today. Another good thing to point out is the increasing volume and the fact that today's low is higher than yesterday's low. My gut is saying, "ALL ABOARD!"
Good luck and happy trading.
Good Morning !
Personally, I enjoyed yesterday's volume increase and upside reaction on EYII...
David will not be able to post the regular daily updates today. But he gave me instructions to hold this position on EYII.
I'll just post an updated chart.
Quote from: 422fwhp on October 19, 2005, 11:08:53 AM
I'm sure this is a mistake but scottrade was showing eyii trading at .373 (up 397%)!
Of course I was trying to sell but bid/ask were still showing .075/.077 respectively and it would not execute due to it being "too far away from current price" or something like that.
...would have been nice!
Jody
Glad you mentioned that, I thought my eyes were playing tricks on me...Boy did that get my heart pumping, thought we had another AMEP.....TD :o
Ok... evegeny05 just provided the link for the PRE 14A on the penny stock picking thread form that was just released after market close.
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001275789%252D05%252D000045%252Etxt%26filepath%3D%255C2005%255C10%255C20%255C&symbol=EYII
If anyone can interpret the meaining of this form that would be much appreciated, want to know if this good or bad for the pps.
The stock did well today, was up, so hopefully this is an indicator that its good...right...help.
I just bought more shares yesterday...hope that was the right thing to do.
There is a note in the PRE 14A about increasing the authorized shares?
thanks!
good luck to us holders ;D
julia
Hmmmm
Why would shareholders vote to dilute the value of their shares by bringing more shares into existence?
Who wants to buy some shares tomorow when the possibility exists that they will be diluted soon?
No - I do not see this as good - but I am just a dumb hillbilly.
Maybe it is good and I am wrong ---- HMMMMM
It is bad only if they issue the shares without any increase in revenues i.e if they can bring in another $210M P.O then issuing shares will not hurt! Also like they have stated the A/S is being increased to thwart any hostile takeover!
The only way to find out is to wait for the PRs for POs and any additional business!! Keeping my fingers crossed.
PS. Also note why the PPS has been lingering around 8 cents...it is because they reduced the conversion price of the options to 8 cents! dammit!
If the options were reduced to $.08 then it doesn't make sense for the last two spikes to stall at .17 and .18. ??? And with $.08 options then they could cash them in anytime, right?
Quote from: basonista on October 20, 2005, 07:52:15 PM
If the options were reduced to $.08 then it doesn't make sense for the last two spikes to stall at .17 and .18. ??? And with $.08 options then they could cash them in anytime, right?
If the option were at 19 cents, then conversion will not take place till 30 cents or so!!
starfire, could u please elaborate on what u mean by that ("options at 19 cents means conversion will not take place until 30 cents or so")
also, Ramsburg/Randolph...whats ur take on the form pre 14-A filed on the SEC's website today?
thanks.
when someone exercises options, it is with the intention that the option holder makes money. So if the stock is at 19cents and the option holder execises it, the option holder gets zero monies. All the monies goes to the company. on the other hand if the stock is at 30 cents and the option holder exercises it, out of every 30 cents, 11 cents (minus commission) goes to the option holder.
Starfire....so then that means that I shouldn't be worried because if the options are at .08 then they anticipate the stock going higher?
I'm holding at an average of .105...I don't want to be holding this stock for a long time if tomorrow the pps reacts negatively...I would rather get out for now and take a 20% loss, then have to sit on it for a long while...cant afford to do that...can't afford the loss either, but at least for the time being i could put the money to work for me elsewhere.
How do u think the stock price will react tomorrow to the Pre 14A?
thanks very much
julia
thanks for the reply...so whats ur take on the reduction in option conversion price...sounds like mgmt wants to get rid of all sellers abd option converters so they can start appreciating the pps??
shareholders will be anticipating dilution in the future and hence the PPS will have a downward pressure!! that's the normal tendency! But i will be waiting for the PRs and a possible mgmt explanation for the increae in A/S.
vic, the conversion price was reduced for the options held by Dori. I hope all the conversions are done! Otherwise we will be seeing more conversions as the price increases. this is a penny stock and essentially PPS does not stabilize on the high end but tends to stabilize on the low end!!! So the option holder liquidates as soon as an attractive price level is reached. Keep in mind these guys don't have a whole lot of capital, plus they have to pay rent for office Office/WH space in HK which I am presuming is quite expensive and they have to pay themselves too, something like $20K per month, the 3 of them, CEO, CFO & COO!!!!!
This is from the company's last 10-Q:
State the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest practicable date: 167,803,292 shares of common stock
issued and outstanding as of August 19, 2005.»
So, they had 167,803,292 shares outstanding.
Now they say this:
«Our board of directors has fixed the close of business on October 10,
2005 as the record date for the determination of stockholders entitled
to notice of and to vote at the annual meeting. At the record date,
there were 226,259,804 shares of our common stock issued, outstanding,
and entitled to vote at the annual meeting. Holders of common stock
are entitled to one vote at the annual meeting for each share of common
stock held of record at the record date. There are no separate voting
groups or separate series of stock. There is no cumulative voting in
the election of directors.»
So, between August 19th and October 20th there were 226,259,804-167,803,292=58,455,512 new shares issued and outstanding. The market cap rose 34.8% with the share price doing nothing.
This is a very plausible explanation to why the stock didn't rise, despite all the good news.
So, actually EYII.OB's market cap is 226,259,804*$0.088=$19,910,863 at current PPS.
Now they say the following:
«Our board of directors has determined that it would be in the best interests
of EYI to amend its Articles of Incorporation to increase the number of
authorized shares of common stock from 300,000,000 shares to 1,000,000,000
shares. Each additional share of common stock will have the same rights
and privileges as each share of currently authorized common stock. Our board
of directors believes it is in the best interests of EYI to increase the
number of authorized shares in order to give EYI greater flexibility in
financing its business operations, and to allow EYI to avoid holding further
stockholder meetings to increase its authorized capital to meet its
financing requirements. The shares will be available for issuance by our
board of directors for proper corporate purposes, including but not
limited to, stock dividends, stock splits, acquisitions, financings
and compensation plans. The issuance of additional shares of common
stock could have the effect of diluting earnings per share, voting power
and shareholdings of stockholders. It could also have the effect of making
it more difficult for a third party to acquire control of EYI. We anticipate
issuing additional shares of common stock in connection with future financings
of EYI. We presently do not have any agreement or other arrangement for any
financing involving the issuance of shares of our common stock and there is
no assurance we will enter into any equity financing arrangement. Current
stockholders do not have preemptive rights to subscribe for, purchase or
reserve any shares of the authorized capital stock of EYI.»
So, obviously they plan to sell more shares on the open market to finance themselves. Imagine if they issue the all 1 billion shares, what would the market cap then be at current PPS? It would be 1,000,000,000*$0.08=$80M. This is the worst case scenario and even with this market cap I find the company to be undervalued at this point. And off course, it will probably take some years for them to issue the all 1 billion shares, this is the worst case scenario in terms of financing needs.
We also have this, which is more bad news:
«During the year ended December 31, 2004, our board of directors
approved the re-pricing of: (i) options to purchase 3,200,000 shares
of our common stock granted in favor of Mr. Sargeant, our president
and chief executive officer, on April 30, 2004 at a price of $0.19;
and (ii) options to purchase 3,200,000 shares of our common stock
granted in favor of Mr. O'Neill, our president and chief executive
officer, on April 30, 2004 at a price of $0.19. The option price was
reduced to $0.08 per share in order that the exercise price was more
reflective of the then current trading price of our common stock and
in order to provide a continuing performance incentive. The 6,400,000
options were cancelled on December 27, 2004 and 3,200,000 options were
issued on December 27, 2004 to each of Mr. O'Neill and Mr. Sargeant to
replace their cancelled options. The new options have a $0.08 exercise
price and expire December 27, 2006.»
This tells me that at least they don't expect the PPS to be below $0.08. Or that maybe they want to make bigger profits when the expected rise starts.
I see some people selling on these apparently negative news. Let me rephrase that: these are negative news, but probably they are already pretty much discounted on the share price. This is why the stock didn't shot up 5 or 10 fold after the CEIEC deal. This is the worst case scenario disclosed and the only way is up from here, I believe.
So, I expect some selling because of this, but the stock to hold $0.06-$0.08 and then start a 5 fold rise from those levels, with not so great volume.
Hi David,
In your explanation, you mention 1 trillion shares, did you mean 1 billion. You state that you think the company is still undervalued and believe the stock price could go up 5 fold more. Initially you said you felt it could go up 5 fold or more in a weeks or so, do you still hold this view?
Thanks
Many have sent me messages asking my opinion on EYII and the a/s count going to 1 billion.
I am not a basher and truly wanted EYII to prove the past wrong.
The insiders have more than 51 % ownership, so the Billion Shares does not require any shareholder opinion.
I was excited about the fundamentals and was willing to stick it out with caution. The news confirmed the reasons this company will have trouble being good for shareholders.
The news yesterday does not bode well for the future. EYI does not have cash unless they strike the financing deals. And what will prevent dumping all of the new shares and voting for another billion ? Very difficult to reverse dilution.
Hopefully, you will all be rewarded. This is only one opinion. But history repeats in the market, so my thoughts are from much analysis with Cornell and MLM companies.
I liquidated all of my EYII shares for the following reasons:
- Cornell Capital is known for toxic financing
- Cornell makes money in various ways, they are a hedge fund and get the shares at a discount, thus any price they sell at is cash for them. And Cornell also is paid 12% dividends for many of the deals. Cornell can usually only have a certain % of a company at any given time. So Cornell sells shares and then can get more. Investors (including myself, cringe at the name). They can make money is so many ways at the public expense. They are in to make money and do not wait around for stock appreciation. And as long as EYII balance sheet posts such losses, they will need the financing. Especially with the new China expenses.
- Go back and look at the charts of Cornell financed companies (dilution and reverse splits)
- The Price does not have to appreciate for these people to cash in
- EYII is a Nevada company
- EYII is based out of Canada (no success in the past with this arrangement)
- All of my attempts to call the CEO, etc. were referred to Agora (PR firm)
- Many lawsuits come from weight loss pills and I have never heard of the products before this thread
- The China deal is worth alot (if it works), but the terms are very loose; if the test does not go well, nobody will want it and CEICC only loses the exclusive rights.
- The fears were confirmed that the pps did not rise because insiders and those paid for debt have been dumping shares on any increase. This would be okay if it had an end in site. But now the a/s are more than going to triple.
- A company usually does not authorize shares without the intent to use them
- Whomever gets their hands on the shares can at any time dilute the company
- The market cap is immediately adjusted
- If a 220 million dollar deal is not enough to move it up, people see the writing on the wall
- I gave them a chance with 300 million authorized and will not make the same mistake with 1 Billion.
- EYII was potentially bankrupt prior to the China deal. But the deal has loose guarantees.
- EYII is far from getting enough cash from the deal to eliminate financing (thus more future dillution)
- The deal has money that will trickle in over many years.
- And only a small amount goes to EYII.
The market knows Cornell, does not trust MLM companies and runs from dilution. Period.
Do what you want as this is only one opinion. But my experience with Cornell is playing out as expected. Good luck.
fill_the_gap. You have made many valid points. But in my own personal experience I have recently seen a stock go from .9 cents to 5 cents when the company refinanced from a toxic convertible to a straight convertible. Once it became apparent that the company was heading for positive cash flow much better financing became available, the dilution stopped and before the financing was finalized the share price started rising rapidly. Assuming a base case of $21,000,000 per year in sales and 30% margins for EYII it would seem that EYII would be cash flow positive, better financing would become available and the price will rocket.
Of course China is not the only girl in town. EYII has the best product in the world for table top water filters and a huge potential market since their water filters fit in the competition's water containers.
Further as you know an annuity is more valuable than a one time payment (unless the one time payment is huge). People have to keep buying the filters providing EYII with an annuity. By setting the options exercises price at 8 cents management has already told us that as a base case the price should be much higher. These guys want to make their fortune and will be motivated to get off of Cornell financing as soon as possible. They simply need to show that the sales are starting to come in. This is not guaranteed but likely IMHO.
Agreed. The points make sense. But the pps did not rise in accordance with HYRF and now we know why.
I will evaluate a purchase only if Cornell is out of the picture. Fundamentals do not win when they are invloved. It never makes sense with Cornell. They make money regardless of the price. Very complicated and shady behind the scenes. Someone is getting the shares.
Come on, Cornell is involved with many OTCBB stocks, providing loans. I've seen many stocks which were financed by Cornell sky rocket.
To me this is the final washout and nothing surprising. Of course the company needed money to finance the purchases it has been making from HYRF. As I said, even in the worst case scenario that they issue all of the 1 billion shares, at this PPS the stock is still very undervalued.
I see today's developments as welcome, since they clarify the reason why the stock didn't rise with such good news. Now that everything stinky is out I think the stock will trade between $0.06 and $0.08 for some days and then start climbing to prices above $0.5.
I perfectly understand your selling reasons though.
david,
here's the IR no. in case u wanna talk. I talked with them yesterday and based on the response, decided to hold on...very forthright IMO.
heres the no:
604-759-5000
or try 604-759-5017, then hit zero twice, it'll take you to the operator...ask her for Jennifer and she'll connect you...feel free to leave voice mai and she returns them right away or very soon.
fill_the_gap. As soon as the first quarterly China order comes in the company will be cash flow positive on a quarterly basis, Cornell will be out and the price will rise.
Not true. Work the numbers per quarter with the portion that Actually goes to EYII. And if it were true, they would not try to authorize more than a 200 % increase in Authorized shares.
Please provide examples of Cornell companies that do well over time. The charts tell the story. Feel free to post. I will listen and evaluate if it makes sense.
I personally have been burned by Cornell.
Check into this part of Cornell financing.
- Companies are in dire need of cash and they come to Cornell
- Cornell begins the bleeding out process in the issue of cash to the company
- Cornell uses SEDA (Standby Equity Distribution Agreement)
The deals have NO FLOOR on conversions. Cornell sells to market and makes money regardless. This is their business. They are not in the business for company appreciation.
And Cornell can short against the position !
Cornell is now under much SEC scrutiny. Shareholders lose.
This is just some research after getting burned. Never again with Cornell.
BTW. If you sold today and regret it, buy back. It is around the same price. Just presenting what was found to the group. Nobody that sold got a price much higher than it is now anyway on a sale. Just do not want to be the cause of any sale. Do what you think is best for you.
Is Cornell a public company that SEC would have an interest in their company? If so, what is the ticker symbol.
Thaks
Cornell raised $50M to MOBL in April I think, and look the rise on MOBL shares after that.
I dont see Cornell as a problem, they provide a financing solution, and thats just what it is.
I'm buying tons of EYII on this deep ! 8)
To all,
The board is for opinion. Please do not make decisions based on a post.
EYII may shoot way up, who knows. But we all have been scratching our heads as to why it has not. Now we know more. But the public did not know this before and it did not sustain any rallies.
Either way, the facts about Cornell were presented. And EYII did not move when HYRF shot up 1000 %. Tells us something. Now someone will have 3 times more to sell on any bullish move. Did you not see how fast it would come back down on the recent rallies? Not good. This is not like AMEP. Shares are not running out. They are being added.
I believe the shipment will take place. But this is not much immediate money for EYII. And they spend alot of money. So do your homework.
Just presenting another angle to answer some of the reasons EYII has not followed HYRF.
But never buy based on a post. Evaluate all of the facts and angles then trade the plan.
fill_the_gap. For the quarter ending June 30, 2005 EYII lost $475,000 from continuing operations (they took a hit for another $387 from discontinued operations). Therefore including the Hong Kong office expenses I am assuming they will lose $535,000 per quarter if nothing changes (these are estimates as the company is not providing enough info for more exact numbers). If the first China order comes through for 100,000 units (see below) they will make 30% for filters or $210,000 (based on what has been posted on this site in the past). Further they have a sales force selling the product at a much higher price which should bring in further sales and positive cash flow. If the sales force cannot generate enough to get them to positive cash flow in the first quarter then with the increase in China sales in the second quarter they should be there.
Regarding issuing more shares they are doing what is necessary to survive until the cash flow begins. I do not like dilution but see this as short term bridge financing. Yes there is risk on the downside on this trade (I agree with you that Cornell can hammer a stock price) in the short run but the upside on this company is huge. The managers hold options and I am sure will be lining up alternative financing at better terms as soon as there is an indication that positive cash flow is coming. The sooner the better.
At present levels 10% dilution would raise about $1.6 million or enough for three quarters of negative cash flow. If I sell now I might be able to buy back and save myself a penny a share. But if positive refinancing news or China news or EYII sales force news comes out while I am waiting to buy back in, the stock will likely gap and I will be left in the station waving the train good bye.
For the 58 million shares issued they would have likely obtained about $5,000,000. I trust this was used to pay off debt which as of September 30th was likely $4.5 million (most of which was current liabilities) and buy some inventory. If in fact the $5,000,000 was used to pay off debts we now have a much healthier company from a balance sheet perspective. We will see when the financial statements come out.
I understand your grief from a past bad experience with Cornell and you may ultimately be shown to be right but at these levels this stock is easily a 10 bagger if CEIEC can execute well on the sales side (if they can get to the 2007 4th quarter sales level of 7.5 million units and maintain it as people buy replacement filters every month the after tax income from this deal alone would be roughly $45,000,000 per year). It appears that CEIEC is a large company that should know their market well and be able to execute.
(The above is based on limited published info, estimates and speculation. I believe EYII will do well but it is not guaranteed.)
Purchase Plan
Year 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units Total
2006 100,000 400,000 2,000,000 3,500,000 (filter)item 6,000,000
2007 4,500,000 5,500,000 6,500,000 7,500,000 (filter)item 24,000,000
Total: 30,000,000 Code Blue Water Filtration Systems
If they buy the filter for $7 (see at the bottom for this assumption) EYII makes $7*.3 equals $2.10 per unit. At 100,000 units this equals $700,000 of revenue and $210,000 of cash flow for the first quarter plus what their own sales force sells. It is possible that the sales force can get them to positive cash flow in the first quarter as EYII should make a lot more on sales from their own sales force than they do on the deeply discounted pricing that China gets. Even if the sales force cannot get them to positive cash flow in the first quarter they will likely be close and should be able to get better financing than Cornell, especially if they have already paid off their debt from the equity sales in August and September. The second quarter sales should rise from there as seen in the Purchase plan schedule above.
SCHEDULE "A" TO CHINA AGENCY AGREEMENT
CONFIDENTIAL PRICING SCHEDULE (in US Dollars)
ITEM
DESCRIPTION
PRICE
Filter
The Code Blue Water
Filtration System Water
Filter must contain
technology to remove:
nitrates, nitrites, arsenic
and other contaminants
from tap water. $7.00 per unit
Pitcher
The Code Blue Filtration
System Water Pitcher must
be a unit that is able to fit
the above filter to remove
the contaminants from tap
water. This unit must have
an appropriate reservoir to
hold the filtered water.
This pitcher must come in
a box with Code Blue
branded material. $13.00 per unit
6. If, in any year, CEIEC purchases fewer than two-thirds of the Code
Blue Water Filtration Systems specified in the Purchase Plan (i.e.
fewer than 4,000,000 in 2006, or fewer than 4,000,000 in 2007), it
will cease to have the exclusive agency rights granted in paragraph 1
hereof, but will continue to be non-exclusive agents of EYI.
Rip,
Nice post ! Applaud.
Time will tell.
Like I said. These are cagey business people and not given to transparency and they keep chareholders on a need to know basis. Not when WE need to know but when it suits them to reveal.
Mired in remorse but still holding.
Prfsr Hal
Quote from: Rip on October 21, 2005, 05:55:37 PM
For the 58 million shares issued they would have likely obtained about $5,000,000. I trust this was used to pay off debt which as of September 30th was likely $4.5 million (most of which was current liabilities) and buy some inventory. If in fact the $5,000,000 was used to pay off debts we now have a much healthier company from a balance sheet perspective. We will see when the financial statements come out.
========================================================
It is also assumed that the millions of new shares issued the last quarter were sold to market in order to take care of debt. Should be the case, but not assuming anything at this point.
I specifically e-mailed IR about the (company or debts paid with shares) being sold to market. The reply was that no shares were sold to market or debts paid with shares. So what is the 58 million from?
I had a large stake in the company. The portion that bothers me the most is that they are not predictable. They issued a PR about not having any PR a few weeks ago that send the stock down 40 % !!! And this time, explaining the 58 million was used to pay debt (if the case) would have been more comforting than seeing it on Edgar. Just tact. The timing of the thing was poor without some kind of explanation. Of course, they do not need to justify the share increase. But all a part of building confidence with the shareholders.
Most recently, Agora deletes any posts that do not hype EYII on their board. And all calls to the company go to Agora. Makes sense unless you truly want an answer for questions such as what just happened !!! And also questions about their thoughts on a Reverse Split, etc. Agora gives pat answers and deletes anything that goes beyond a surface question, imho. Why the secrecy, who knows?
EYII has to establish some value with the deal. That assumes the debt is paid down and the Chinese get orders. The deal can be cancelled at any time and exclusive rights is the penalty.
The concept and need is there. Just wish that EYII could communicate more effectively. Shipments are promised in October. So next week may be key.
ftg...u may speak directly to EYII's IR contact, Jennifer. i ain't sure why u keep lamenting that one cannot talk to EYII but only to agora...thats not the case, I've been able to talk with Jennifer, the IR lady for EYII (not agora) anytime I want to.
fill_ the_gap Thanks for the update from IR. I called Jennifer to ask her what was going on with the 58 million shares before posting but was not able to speak to her (she called back when I was not here). Will call her again on Monday. Have a good weekend.
Thanks for the great analysis from fill_the_gap and Rip :)
Let me make a few remarks about EYII.OB:
1) There's no doubt the product (Code Blue) exists and the company has exclusive rights to sell it worldwide for the next 5 years.
2) HYRF.OB rose a lot because of buy orders coming from EYII.OB (HYRF.OB even changed production from a Swiss company to a Chinese one to meet increasing demand).
3) The product bought from HYRF.OB is being sold/will be sold in the near future.
4) Of course, the company needed money to pay HYRF.OB and other expenses, so it looks like it sold shares in the open market (the number of outstanding shares rose from «167,803,292 shares of common stock issued and outstanding as of August 19, 2005» to «226,259,804 shares of our common stock issued, outstanding, on record at October 10, 2005») or it paid debt with the the new 58 million issued. IR didn't explain what were these 58 million new shares for, it would be nice to hear Jennifer on this subject.
5) All bad news is out now. For the near future I see press releases about increasing sales and profits every quarter. I believe the only way is up from this level.
Curiously the stock held $0.072 on close, which is a short term support. Maybe, just maybe, Friday was the final washout and EYII.OB will build its way higher from this low point.
As fill_the_gap says, time will tell. I will continue holding EYII.OB for the foreseeable future.
BURNABY, British Columbia, Oct. 24, 2005 (PRIMEZONE) -- EYI Industries Inc.
("EYI") (OTCBB: EYII), (http://www.StopDrinkingPoison.com), a marketer of
products that promote well-being and a healthy lifestyle, is pleased to announce
that Essentially Yours Industries (Hong Kong) ("EYI HK") President and CEO, Dori
O'Neill, arrived in Hong Kong to meet with top executives, Mr. Yu, Executive
Vice President, and Mr. Zhang Jiang, President and CEO of Guangzhou CEIEC
Enterprise (Group) Co. Ltd. ("CEIEC").
On Wednesday October 19, 2005, Mr. Dori O'Neill personally delivered six units
of the Code Blue(tm) water filtration system to CEIEC for review and testing.
Due to circumstances beyond EYI's control such as national holidays and customs
delays, the delivery of the units was held up. EYI is expecting its initial
order in 6-8 weeks.
The result of this production delay means that the CEIEC can only now begin to
execute the registration process for the Code Blue(tm) water filtration system.
This will also mean that CEIEC will not place their first order in October as
they must wait until the initial registration and testing process has been
completed.
Essentially Yours Industries (Hong Kong) President and CEO, Dori O'Neill
stated, "I had the pleasure of meeting with Mr. Yu and Mr. Zhang Jiang of CEIEC.
We came to an agreement on how we need to proceed with the registration process
and will work together towards having that process completed as soon as
possible." Mr. O'Neill added, "It was absolutely refreshing to see how committed
CEIEC is about the Code Blue project, and we look forward to building a secure
and prosperous relationship with CEIEC."
To view a picture of the meeting held between CEIEC and EYI, please follow the
link provided: http://www.agoracom.com/images/ceiec.jpg
This press release is available on the company's official online investor
relations site for investor commentary, feedback and questions. Investors are
asked to visit the EYI Industries IR hub located at
http://www.agoracom.com/IR/EYI Alternatively, investors can e-mail AGORA
Investor Relations directly at
[email protected] About CEIEC (http://www.ceiec-sc.com)
The CEIEC, located in South China, is the largest exporter and importer of
electronic products in China and was the first Chinese enterprise to establish
sales and cooperative relations with foreign brand name enterprises such as
Hitachi, Sharp, Mitsubishi, Panasonic, Siemens, Casio, Phillips,
Hewlett-Packard, LG and Samsung. Currently, the CEIEC is under the direction of
the Chinese government and has extensive business relations with nearly 100
countries and regions and imports/exports over US$ 1 billion in products every
year.
About EYI (http://www.StopDrinkingPoison.com)
EYI Industries Inc., through our subsidiary Essentially Yours Industries, Inc.
(EYI), markets products that promote health and well-being. Recently, EYI
launched a consumer product that removes arsenic and other contaminates to a
negligible level from drinking water. The portable water filtration product's
name is Code Blue(tm) and is exclusively provided to EYI. In addition, EYI sells
dietary supplements and personal care products. A large portion of our sales are
from CALORAD(r), a liquid protein supplement that has brought weight loss
benefits to our customers. More than 6 million bottles of CALORAD(r) have been
sold since EYI was founded in 1995. Our newest product, PROSOTEINE(r), is
experiencing similar success to CALORAD(r) and bringing our customers the
benefits of a natural energy drink
Though the delay in P.O was a dissappointment, I am still hopeful for a very eventful Thanks Giving! Both Jay and Dori are incented with stocks options that will expire 60 days from 10Oct 2005. I believe EYII is well p[sotioned to close the order by end of November, just in time for Vegas!
What prevents millions more shares from hitting the market with the delay? They flat out lied to me on the phone about No more shares hitting the market over the last quarter. And 58 million are now issued in front of our eyes with hopes of One Billion total soon authorized.
Sure, EYII has a value. But the idea of a multi bagger is sure tainted with the dilution. The delay certainly does not assist investor confidence as it was already on the rocks.
The delay will now push up losses to next quarter and disrupt the numbers moving forward.
Long term it may work. But the lack of shares on the ceiling will not be the reason. Companies that do not tell the truth are not for me. I will not be commenting here very often as my losses are realized and they cannot be trusted. The most recent Agreement is already using ' Holidays ' as an excuse. They did not have Chinese holidays before the Agreement ? ???
interesting comments from Agracom board:
http://www.agoracom.com/nonmemforum/msgreview.asp?id=428256&refid=428254&orig=428254
EYI is not the manufacturing end of this deal. That is HydroFlo's end of the court. How can EYI comment on another company's performance? Let me give you a rundown, as I see it. It is all there in the filings and PR's, you just have to piece the process together.
1.CEIEC can not order until the product is properly registered in China.
2.CEIEC, per the contract, is responsible for getting the registration process complete. That process requires samples from the manufacturer (HYRF). HYRF changed manufacturers somewhere between the LOI and the signing of the contract.
3.CEIEC could not start the registration ball rolling without samples.
4.EYI delivered those samples last week, just as soon as they received them.They can not produce them out of thin air. They must wait for the manufacturer to provide them.
5.Now CEIEC can start the registration process which was delayed because CEIEC just received the samples to accompany the registration process.
6.As soon as the product is legally registered in China, CEIEC will be able to place orders.( I can't imagine they would until the product is registered).
7.CEIEC is runby the Chinese government. The same Chinese government is registering the product...that's good!
Summary:
The delays are caused by the manufacturer, probably due to the fact that it was changed mid stream from WAL to a Chinese company. In any event, as today's PR clearly states, the circumstances are beyond EYI's control. They and CEIEC could not get the product legally registered until they recieved the samples FROM THE MANUFACTURER, ok? It's all there , you just have to see it and put two and two together.
any comments on this statement??
I think the PPS will start picking up steam come November. the PR clearly states that CEIEC is committed to completeing the registration process as soon as possible. I see this as a courting process. To do business with China takes a long time. But with Eliza Fung there this should quicken. The bad news is the obstacles have popped up. But the good news is that that CEIES is moving forward. I am expecting them to wrap up before Dec 2nd!
Although Agora states that EYI is not at fault for the delay. I don't hold them blameless. I am sure it was communicated well in advance that there would be a delay. They could have communicated that to their shareholders much earlier.
Based on how the sec filing was written I knew something was up. In filing they repriced the options and then stated that it would be available to be exercise 60 days from October 10. I was wondering why that was. Now I know why.
The other thing that I find troubling is that the Chinese government has so much control over CEIEC.
I do feel that there can be some success but I feel there are many variables that could cause problems down the road. This penny stock will probably not accelerate as quickly as everyone would like but will probably see some price appreciation in the first half of 2006.
Anyone thoughts?
Quote from: la-onda on October 24, 2005, 02:49:14 PM
interesting comments from Agracom board:
http://www.agoracom.com/nonmemforum/msgreview.asp?id=428256&refid=428254&orig=428254
EYI is not the manufacturing end of this deal. That is HydroFlo's end of the court. How can EYI comment on another company's performance? Let me give you a rundown, as I see it. It is all there in the filings and PR's, you just have to piece the process together.
1.CEIEC can not order until the product is properly registered in China.
2.CEIEC, per the contract, is responsible for getting the registration process complete. That process requires samples from the manufacturer (HYRF). HYRF changed manufacturers somewhere between the LOI and the signing of the contract.
3.CEIEC could not start the registration ball rolling without samples.
4.EYI delivered those samples last week, just as soon as they received them.They can not produce them out of thin air. They must wait for the manufacturer to provide them.
5.Now CEIEC can start the registration process which was delayed because CEIEC just received the samples to accompany the registration process.
6.As soon as the product is legally registered in China, CEIEC will be able to place orders.( I can't imagine they would until the product is registered).
7.CEIEC is runby the Chinese government. The same Chinese government is registering the product...that's good!
Summary:
The delays are caused by the manufacturer, probably due to the fact that it was changed mid stream from WAL to a Chinese company. In any event, as today's PR clearly states, the circumstances are beyond EYI's control. They and CEIEC could not get the product legally registered until they recieved the samples FROM THE MANUFACTURER, ok? It's all there , you just have to see it and put two and two together.
any comments on this statement??
I can't speak for the process of selling a product in China so can't comment on a lot of these items. I do know the process of doing business though. If I were trying to secure new business that had the potential of increasing my inflow of cash as much as the deal with CEIEC does, I would be pulling product out of every orifice available (if you know what I mean ;)) to get it into the customers hands. It is my understanding that both Hydroflo and EYI have already been selling the Code Blue products so product availability isn't an issue. Hell, this stuff is available on Ebay! And they couldn't get it into CEIEC's hands so they can do some paperwork on it?!?
There are always obstacles to doing business - some you know about beforehand and some you don't. It's not like this process that EYI and CEIEC are going through is pioneering in any way. If CEIEC is truly as big as people say then they know what has to be done to do business with a foreign company. Customs delays can certainly happen, especially to a country like China but to use the excuse of national holidays reeks. Unless they take 6 months off per year. ;)
All of this has created great suspicion in my mind causing me to sell out this morning. I will look to promises actually being fulfilled and preconceived plans being implemented as planned before getting back in.
Strike one = dilution
strike two = misinformation ?
strike three = - - - - - - - - fill in the blank_________________
or
Is it a hit?
A ball?
I would even take a bean ball to the head if it would get me on base.
I have a lot of this at .11
Spoke to Jennifer at EYII. She said that for legal reasons she could not disclose specifics about the 58,000,000 shares or how the money was used. But she did say that it has been publicly disclosed that shares issued for the Cornell financing would be put into escrow and Cornell would not get the shares unless and to the extent that EYII uses the financing. She said that all would be disclosed in the November 14th 10Q report.
I asked if the increase to one billion shares was to give the directors 500,000,000 shares and she said absolutely not. She said it is just a financing option if such option is needed in the future.
To conclude I expect that the 58,000,000 went into escrow and some of the Cornell financing has been used to finance operations but significantly less than 58,000,000 shares worth. EYII's payables can be financed in part with cash flow from ongoing sales/receivables. Further 58,000,000 shares at present prices would be worth over $4,000,000. EYII is not burning money at that rate and therefore would have no need to access $4,000,000 of financing.
If management truly believes that the shares are unvalued they will use as little of the financing as possible. This would be consistent with the stock option incentives that management has as well.
I can't see why people are talking of dilution when in reality the A/S has been requested to increase to 1 billion by shareholder approval. Those of you who dissapprove vote against it. Anyways it is not a done deal. Jay owns only 42% and Dori owns less than 1%. And the 1B A/S is subject to share holder approval! If 1 B bothers you, you should be bothered by HYRF's 500million A/S. I am sure quite a few of you invested in HYRF as well. Hmmmmmmm beats me! GLTA
Last I checked they had over 51 percent insider ownership. Someone posted the link last week.
Please explain the large volume selloff on any advance if the 58 million are in escrow.
That would be even worse. Imagine when shares are available to sell. If not the 58 million shares, then why so much selling pressure ? That is not good in itself.
I do not think they are all in escrow but likely a lot is. I expect that Cornell has been hammering the bid with perhaps 10,000,000 shares (which would provide approximately $1,000,000 to EYII for inventory and their ongoing cash deficit of $500k+ per quarter, this is pure speculation, we really need to see the 10Q) but as well there are people who bought this company at a much lower price than us who might want to take profits and there have been planned sales going through by insiders. Within three weeks we will get more answers from the 10Q.
The delay in the process and the woefully inadequate explanation for it is an example of exactly what I've been describing that I feared. There are no straight lines in Chinese business, and when we westerners expect A to lead directly to B, we are always sadly mistaken. We believe our desire to know and our outrage at not knowing will somehow lead to out being better informed. Don't count on it.
I'm still holding my shares but mire and more they feel like a garbage bag tied around my throat.
Prfsr Hal
Found the note below at the Agora website.
<< previous Message Next Message >>
Subject: Message To Shareholders From Jay Sargeant
From AGORAeyii
PostID 428463 On Tuesday, October 25, 2005 (EST) at 4:27:59 PM
--------------------------------------------------------------------------------
Dear EYI Shareholders,
AGORA Investor Relations is pleased to present you with the following message from EYI Industries President and CEO, Mr. Jay Sargeant
We as a Company value our shareholders and as such would like to respond to the many questions we have had with respect to our Schedule 14A enclosing the Proxy Statement materials. The Company is holding its Annual General Meeting on December 2, 2005. At this meeting we are seeking shareholder approval on a proposed increase to the number of our authorized common stock. We are seeking to expand the base of shares to have the freedom to take advantage of narrow time windows with upside potential. It is not our intention to dilute the Company. As stated in our Schedule 14A, we presently do not have any agreement or other arrangement for any financing involving the issuance of shares of our common stock and there is no assurance we will enter into any equity financing arrangement. With the execution of our plans and expansion unfolds, we will use as little of these expanded shares to finance growth as possible.
Regards,
AGORA Investor Relations
We will dilute to our heart's content but we won't call it dilution.
It is getting harder and harder to defend EYII. MY initial thoughts were for the stock to trade between $0.06 and $0.08 for a couple of weeks and then start a rise towards values above $0.50.
It seems impossible now, but I think it is still possible, when those sales and revenues numbers start kicking in. Although there were two bad news in a row, I see good news on the horizon.
I invested $2,000 on this penny stock, $1,000 on the 1 million experience (what a bad start) and $1,000 here in the 3 Pennies on Fire Portfolio.
The $1,000 from the 1 million experience will never be sold (just at $0.32, or never), but here on the 3 Pennies on Fire I have a different responsibility.
I will wait some more time for clarification from the company, in the meantime I'll hold.
David,
Since EYII did not behave as you expected. How soon do think it will be before it the stock price moves up? Or is too hard to figure based on the number of variables that can affect the stock price movement? I believe a lot of people are loosing faith in this stock. I am hanging on although it is painful to watch it drop from .10 to .059 in about two weeks. This is my 3rd penny stock purchase and I was told not to trade penny stocks. I will still hold tight and hope by January 06 the price will have move north considerably.
Thanks
Ya for those of us that bought at .11, well this just stinks, but time will tell. That is why it is so wise to only place 1,000 in on a penny so it can not ruin your portfolio. Both pennies i owned GNBT and AMEP were killing me. went down and down. People bashed them and trashed them. IF i would have stayed i would have 5 bagged both. So I will wait this out. Im going to play my thousand for gains only. no point to sell now for 400 or less.
David Randolph, I defended this company for awhile too ... but I sold my position today and took a bath. 6 cents sucks, but I think it is going lower. You say it is harder to defend. I say impossible at this point. I am not a technician, but the last chart you posted is not pretty. On the fundamental side:
Does it ring true that EYII held up a $200 million deal for over a month because 6 units could not be found to send for testing. The "production delay" excuse does not ring true at all! >:( It was for 6 units. SIX!!! HYRF could have supplied six units long ago - a HYRF press release on September 12 had it donating 5,000 units that week. Someone earlier suggested buying them on ebay. Well they could have. For $420. http://cgi.ebay.com/Code-Blue-Water-Filtration-System-NEW-L-K_W0QQitemZ5627652420QQcategoryZ19262QQrdZ1QQcmdZViewItem
Does it ring true that EYII held up a $200 million deal for over a month because of national holidays? :-X There must be a whole bunch of them that I do not know about and cannot find to cause that long a delay.
The two most obvious answers are the stated reasons were BS or the company is run by idiots. Answer number one is likely. Answer number two has its charm. The investor relations release about "we want the authority to issue an amazing number of shares, but we do not want to dilute the company," ... ... there are so many things wrong, and fishy, and scary about this statement that I do not even know what to say. It is so non-sensical, that number two is my current pick.
This is the worst investment I ever had. Normally I will exit my positions when I have 7% loss. This is the first one I did not.
That is the nature of penny stocks. For every one winner, there will be 2 losers.
Anyway my other wins in semi stocks such as AMD, SSTI, LEXR, ATML, BTUI, AMKR will more than cover this loss. Will stick with it for one year. Just forget it.
Quote from: bigdogs99999 on October 26, 2005, 12:40:27 PM
David Randolph, I defended this company for awhile too ... but I sold my position today and took a bath. 6 cents sucks, but I think it is going lower. You say it is harder to defend. I say impossible at this point. I am not a technician, but the last chart you posted is not pretty. On the fundamental side:
Does it ring true that EYII held up a $200 million deal for over a month because 6 units could not be found to send for testing. The "production delay" excuse does not ring true at all! >:( It was for 6 units. SIX!!! HYRF could have supplied six units long ago - a HYRF press release on September 12 had it donating 5,000 units that week. Someone earlier suggested buying them on ebay. Well they could have. For $420. http://cgi.ebay.com/Code-Blue-Water-Filtration-System-NEW-L-K_W0QQitemZ5627652420QQcategoryZ19262QQrdZ1QQcmdZViewItem
Does it ring true that EYII held up a $200 million deal for over a month because of national holidays? :-X There must be a whole bunch of them that I do not know about and cannot find to cause that long a delay.
The two most obvious answers are the stated reasons were BS or the company is run by idiots. Answer number one is likely. Answer number two has its charm. The investor relations release about "we want the authority to issue an amazing number of shares, but we do not want to dilute the company," ... ... there are so many things wrong, and fishy, and scary about this statement that I do not even know what to say. It is so non-sensical, that number two is my current pick.
Bigdogs....... your premise about the 6 units is not right. It is imperative that when a manufacturer change is made that the products and MFG process from the new manufacturer is certified. That's the reason for the delay!!!
This kind of crap is exactly why I hate pennies. Dilution, delays, and that response from Agora is just plain BS and only makes the situation more obtuse. I managed to get rid of some of my holdings with a slight profit at .072 but I'm still going to take a bath on this one.
Quote from: fill_the_gap on October 24, 2005, 11:28:15 PM
Last I checked they had over 51 percent insider ownership. Someone posted the link last week.
Please explain the large volume selloff on any advance if the 58 million are in escrow.
That would be even worse. Imagine when shares are available to sell. If not the 58 million shares, then why so much selling pressure ? That is not good in itself.
fill the gap, can you show the math on how you got 51%???
the disclosures says
Jay, direct ownership ...... 42%
Dori, direct ownership.......less than 1%
Dori, direct plus indirect....5% plus
all the rest of the folks mentioned including Dori are beneficiariess of the trust held by Jay.
Quote from: starfire on October 26, 2005, 01:19:47 PM
Quote from: bigdogs99999 on October 26, 2005, 12:40:27 PM
Bigdogs....... your premise about the 6 units is not right. It is imperative that when a manufacturer change is made that the products and MFG process from the new manufacturer is certified. That's the reason for the delay!!!
I thought about that ... but it does not fit with HYRF's press releases. On Sept 6, HYRF announced the contract to produce in Shanghai and noted two things: (1) that HYRF had a backlog of orders and (2) the old manufacturer and HYRF terminated their pitcher and filter production contract as of July 27. On Sept 12, HYRF announced that it was donating 5000 water pitchers and filters and planned to ship those units as soon "as units are produced by our Chinese manufacturer." The terminated producer was not Chinese. On Sept 20, HYRF announced that for those 5,000 units, "the first shipment has been sent...." Unless lies were told, on Sept 20 there were pitchers and filters that had been produced by the Chinese manufacturer for HYRF and they were already in a place where shipment could occur. It was one month later before EYII delivered 6 units to China. So, to me, since China is the only real business for either company, either something smells or ineptness reigns.
I found this post on the HYRF thread in penny picking. Will this be causing a further negative effect on the EYII pps as well ?
Quote from: JKN on Today at 02:12:36 PM
HYRF is moving in sympathy with EYII, it is not pretty. Read the threads on EYII for details.
I think HYRF has bigger problems now........ ugh, I hope nobody here is still holding. Can someone please correct me if I am wrong -- the following basically states that HYRF spread misinformation and the independent report is full of lies? See the link below:
http://biz.yahoo.com/iw/051026/099293.html (http://biz.yahoo.com/iw/051026/099293.html)
thanks and good luck to all holders!
julia
Quote from: bigdogs99999 on October 26, 2005, 03:46:39 PM
Quote from: starfire on October 26, 2005, 01:19:47 PM
Quote from: bigdogs99999 on October 26, 2005, 12:40:27 PM
Bigdogs....... your premise about the 6 units is not right. It is imperative that when a manufacturer change is made that the products and MFG process from the new manufacturer is certified. That's the reason for the delay!!!
I thought about that ... but it does not fit with HYRF's press releases. On Sept 6, HYRF announced the contract to produce in Shanghai and noted two things: (1) that HYRF had a backlog of orders and (2) the old manufacturer and HYRF terminated their pitcher and filter production contract as of July 27. On Sept 12, HYRF announced that it was donating 5000 water pitchers and filters and planned to ship those units as soon "as units are produced by our Chinese manufacturer." The terminated producer was not Chinese. On Sept 20, HYRF announced that for those 5,000 units, "the first shipment has been sent...." Unless lies were told, on Sept 20 there were pitchers and filters that had been produced by the Chinese manufacturer for HYRF and they were already in a place where shipment could occur. It was one month later before EYII delivered 6 units to China. So, to me, since China is the only real business for either company, either something smells or ineptness reigns.
Bigdog....... your intrepretation is wrong. Go read the latest PR from HYRF. Goes to show how much anger was embedded in your posts!!!!!!! LOLLOLOLOL.
Hydroflo Corrects and Supplements Prior Releases and Reports
http://biz.yahoo.com/iw/051026/099293.html
Goes to show how miserably all the analysis (in the past) of a BDC was wrong!!!! I will not touch a BDC company ever again! It happened with HYRF, FCCN and no to mention AMEP!!! Why?/ They can hide a lot!!
Quote
Bigdog....... your intrepretation is wrong. Go read the latest PR from HYRF. Goes to show how much anger was embedded in your posts!!!!!!! LOLLOLOLOL.
Hydroflo Corrects and Supplements Prior Releases and Reports
http://biz.yahoo.com/iw/051026/099293.html
Quote
Lol. I gave benefits of the doubt that should not have been given - it was simply a bunch of liars at HYRF (I trashed them last week on that board) and probably the same at EYII. The HYRF correction shows that EYII is a bunch of liars - they are getting all of their product via consignment, thus capital needs via stock issuance should be de minimus. Anyhow, since I have shed myself of this one, I will let you holders march on. Good luck
The number of corrections for prior PRs are incredible. How could HYRF put all this false information out? Are you telling me that they have no people in their company that proofread their PRs and have the PR checked by legal counsel before putting out what appears to be outlandish forecasts and downright lies or am I not understanding something. It seems to me this should be terms for a lawsuit. I just can't believe all these series of PRs were filled with lies to mislead shareholders. If this cause the EYI stock to tumble tomorrow, I guess I will be done with penny stocks for good. I would like to see what EYI has to say tomorrow in conjunction to all the corrections that HYRF has made today.
I believe there is some relationship issue between HYRF and EYI as why this is just coming to the surface just when EYI had told shareholders that the first order was to be in October. There is probably more to this than we will ever know. I think I better sell this stock before I lose all I have invested. I have lost quite a bit already.
I surely do hope that I am wrong about this stock but something is rotten in Denmark (or Canada).
David Randolph, I sure would appreciate your take on this. I do hope you are able to update the pennies before market open. Is this something that can communicated to SEC or do they not get involve with penny stocks?
Thanks
Unfortunately with penny stocks, a lot of the time the company goes bankrupt. But you don't see those charts, because the stock just ceases to exist. Back in '99-2000 I rode GBT (Global Light Telecom, a promising telecom stock laying fiber in the carribean) from $10 down to $0. It is now "GBTI" and has no value and has not traded for a few years, I think.
I rode SVR (Silverleaf resorts) from $10 and sold around $2. It dipped to $0.50 as SVLF. Somehow the company is still alive and now trades as SVL at around $1.50.
My point is, the successful penny stock is the exception, not the rule. The reason you don't see all those stocks that keep going down to $0 is because once they go out of business, they stop being listed/traded. So you never end up seeing those charts. And then it gets easy to get lulled into a false sense of security that all stocks recover eventually, because those are the charts you are looking at all the time..... ;)
I have done my share of overinvesting in pennies in the past, and have gotten burned. I like David's advice where he only puts in about $1000 into any given penny stock. All of them are gambles. I must admit I am overweight in HQSM, but I spend a lot of time smelling around for any signs of fishy-ness (no pun intended, heh), and I still don't feel 100% "secure" with the company (for instance, what is with the 100 million shares outstanding listed on Yahoo, whereas the recent company PR lists 115 million? Things like that are worth checking out...)
Rule with penny stocks: (1) Don't invest any money will want to see again, and (2) If something seems fishy, there is probably bad stuff going down.
With all that said, Penny stocks can be really high reward as well. Just know, there is no "being careful" with Penny stocks, and they disappear/go out of business all the time (and you rarely hear about it).
--Owen
Hmmmm!
dilution --- misinformation ---- ineptitude? ---- What next?
If HYRF implodes EYII could get some collateral damage.
I think most of the bad news is out of the bag and probably priced in today.
Unless the Chinese decide they like to drink dirty water - - - This will be a winner down the road --- somewhat farther down the road than I had planned.
I will hold for now.
Disclaimer =
If I shorted every stock that I went long on -
and covered at my closing $ -
I would be 20% to the good.
I've read the entire text about HYRF.OB misinformation to the public:
http://biz.yahoo.com/iw/051026/099293.html
I don't find anything substantial that I didn't knew already. That's why I've been saying all the time that EYII.OB should have an higher market cap than HYRF.OB.
When I saw those press releases coming out of HYRF.OB, I was a bit perplexed, but since I owned the stock, I obviously didn't want to be a basher, and fundamentals were so positive anyway.
The entire text above is actually pretty positive for EYII, it clarifies its relationship with HYRF. Clearly, all the revenue will come first to EYII, as I've been saying ... then it will pay HYRF.
The new information, which is great for EYII, is that their deal is on a consignment basis (I didn't know this - that's a new fact, very negative for HYRF, but positive for EYII). This way, the Code Blue is only paid to HYRF after EYII sells it and collects the money. So no initial cost for EYII. So, they don't need the money to buy it, they sell it first and pay it later.
I would be very suspicious of this ask from EYII to increase its authorized shares ... OTCBB stocks are really hard, I don't know what kind of influence market makers have on managers and their press releases. Don't they know them in advance?
Me, Ramsburg and a possible new partner of us are thinking, in some time, to take Stocks on Fire LLC public. Of course, an extremely small company at present moment, with revenues of about $75,000 since its inception in April 2005. Anyway, to get this small company to be publicly traded, the first and most important thing that we need is to convince a market maker to make a market for our stock. He does not only make a market, he's in charge of selling it to the public. What kind of guarantees a company needs to give to get that market maker? (there are only about 200 out there).
If I were an experienced market maker and wanted to buy stocks from the public at a low point, what could I do? «Hey, issue a Form with the SEC saying you want to increase the number of authorized shares to 1 billion. This will make people think of dilution and run for the exit. Also say that thing with China is delayed for some stupid reason, more sellers will come. We'll grab some shares to sell much higher.»
This is just speculation, immense speculation, but it makes sense in my head, given the news from HYRF. News from EYII lately are too bad to be true (and they're not actual news, one is an intention and the other is a normal delay, but stated in a way that makes people think they're lying about the all thing). We're starting to say the management are a group of morons. But I say not so fast ... don't forget they have warrants at $0.08 a share. Maybe they're issuing these news so that they, their friends and their market maker get shares now to sell when the revenues and profits good news hit the wires, some months from now.
Read puenthouse post, he says multi baggers like AMEP and others had this same behaviour, a lot of bad news and bashing preceded a 5 fold increase.
I will continue holding EYII.OB and more, I'm thinking of buying HYRF.OB if it goes down a lot in the coming days due to that news ...
I am holding both EYII and HYRF and never sold.
Of course, I only bought 5K for HYRF and 10K for EYII.
Code Blue products seem a real product and good one. The agreement with China is real.
No one is sure how much money will be made from the agreement. But China does have big market for such products. Right now, most residents in China's cities use bottled water.
They no longer drink water directly from public watering system.
But newpapers have many reports recently that the bottled water has many quality problems.
This provides a big market for filtering system.
I will add more shares if HYRF dropped to $0.50 level and EYII dropped to $0.04 (may be 10x shares - 50k for HYRF, 100k for EYII).
HYRF is punished for its misleading. It lost 70% in few minutes and may go back to $0.10.
Will wait until everything is cleared before buying.
EYII may drop to $0.01?
Today's action on HYRF is panic selling.
If you bought at open, and sold at close, this will be a 60% gain. Day trader's dream.
This happends many times. I myself tried several times at open to click the buy botton (for 10K) but did not.
In the following days, the stock may go back to today's low.
It is better to anylyze all the information the company provided to see what is going on before adding position.
One thing is for sure, China's market is for sure. I have no doubt about it.
Quote from: shawFund on October 27, 2005, 11:40:42 AM
Today's action on HYRF is panic selling.
If you bought at open, and sold at close, this will be a 60% gain. Day trader's dream.
This happends many times. I myself tried several times at open to click the buy botton (for 10K) but did not.
In the following days, the stock may go back to today's low.
It is better to anylyze all the information the company provided to see what is going on before adding position.
One thing is for sure, China's market is for sure. I have no doubt about it.
12:00 Noon and HYRF is back to .38 - High for the day with 6M shares traded already.
Based on everything presented:
What do you think the value of HYRF per share is?
Same Question for EYII?
I'm in the bagholder boat along with everyone else, but I'm not in dire straits to sell if there is a real opportunity here.
David,
You may be correct, but:
How can investors believe either of these companies? The PR's were false. And EYII is nothing without HYRF. And the deal they just signed is already ' Delayed '. Couple that with EYII wanting an increase to one billion shares. Along with Cornell's involvement.
How can any investor know that a deal even exists ?
Both companies have issued ammendments to their PR's.
Remember when EYII clarified the Agreement as the prior PR was incorrect ?
Too many companies out there to speculate on people that are caught in a lie.
The opinion is that PR will now be few and far between. Lawsuits are an issue too.
Dennis Mast never made any sense on the phone. He is a walking contradiction.
Some are saying that EYII dumped the 58 million shares while knowing the PR's from HYRF and EYII were incorrect. This could come back to bite them. Millions of dollars were generated knowing the public was being deceived. They even lied to me saying NO shares were sold and the share count remained the same.
Brilliant neg information blitz
Probably MM Manipulation to pick up the shares on the cheap
Same thing as Amep when they announced they may not be up to regulations on their reporting.. Stock tanked- MM's picked up all our shares then the thing caught fire..
Hope thats the case- still 100% invested in this girl, atleast we got action though.. Its a great gamble at this point. just wish I could enter all in at this level
Trunk,
Just be careful. It does not add up. Imagine if the deal was also false ? The delays of 6-8 weeks is not a good sign.
How could HYRF deliver 5,000 units to the Gulf and then have nothing for the Chinese?
Nothing makes sense when 18 press releases are rewritten.
Quote from: TRUNK on October 27, 2005, 03:59:20 PM
Hope thats the case- still 100% invested in this girl, atleast we got action though.. Its a great gamble at this point. just wish I could enter all in at this level
Wow 100% invested in a tiny little penny eh trunk? Thats some risky business your into their. But i hope it works out for you cause then it would be working out for me as well :D. Too bad we all can't find just one solid penny and go all in on it and become rich within a month >:D . Thats just too risky for me. You're either gonna be rich in a month, or broke in a month. Guess it depends on whether you can afford to lose all your investment money.
Anyways, for the technical picture on EYII. Support seems to be holding up at .005. Though im not a religious man myself. I think i'll be praying tonight before i go to sleep for that support to hold ;).
-fousc
Weird action this morning, at least on my TD Waterhouse Quote page. Only 15,000 volume, Bid .053, Ask N/A. Anybody see anything different? 10 minutes into the trading day.
Quote from: David Randolph on October 27, 2005, 07:22:18 AM
***
I would be very suspicious of this ask from EYII to increase its authorized shares ... OTCBB stocks are really hard, I don't know what kind of influence market makers have on managers and their press releases. Don't they know them in advance?
***
If I were an experienced market maker and wanted to buy stocks from the public at a low point, what could I do? «Hey, issue a Form with the SEC saying you want to increase the number of authorized shares to 1 billion. This will make people think of dilution and run for the exit. Also say that thing with China is delayed for some stupid reason, more sellers will come. We'll grab some shares to sell much higher.»
This is just speculation, immense speculation, but it makes sense in my head, given the news from HYRF. News from EYII lately are too bad to be true ***
*** I will continue holding EYII.OB and more, I'm thinking of buying HYRF.OB if it goes down a lot in the coming days due to that news ...
Manipulation and the news can't be that bad - it must be untrue. I have yet to read more convincing reason to sell. Finding 3 pennies "on fire" because they look good technically and fundamentally is investing. Finding a stock "on fire" because of lies and misinformation is, as another poster indicated, playing roulette.
Well looks like my prayers were answered ;D
Quote from: fousc on October 28, 2005, 05:45:03 PM
Well looks like my prayers were answered ;D
Heather Locklear showed up at your front door?
(http://www.bartcop.com/heather_locklear_1.jpg)
;D
i wish heather locklear showed up at my door.
i got arrested tonight and spent about 4 hours in jail that was fun. no joke
.......................................................................fousc
what has happened fousc? ??? ???
haha well me and my room mate polished off a half gallon of barbarosa spiced rum.......so we were pretty toasted. We were going to a halloween party at one of out buddies frat and i was suppose to use this other kids name that was on the party list to get in. Apparently i was too drunk to remember to use his name lol :D . So they decided they werent gonna let me in and being determined to get in cause everyone i just came with got in, i wasnt taking no for an answer haha. By the way i have no memory of anything that happend until i was in jail. But yah i guess i pushed the president of the fraternity up agaisnt a car or something lol so they called the cops. Next thing i knew i was in handcuffs sitting in a cell not knowing why i was there cause i had blacked out haha. Then i had to call my mom to come bail me out from an hour drive away at 3:30 in the morning so she wasnt too happy about that one haha. Anyways, they gave some bs charges: harrassment, disorderly conduct, and tresspassing.
What a waste of a night....................
-fousc
Lol fousc, how old are you? I used to do things like that not long ago, but never got arrested 8)
Now my 2 year old kid doesn't let me go wild in the night ...
Concerning EYII.OB, I think there's a lot of confusion in investor's minds, and that's normal, given the news.
EYII.OB didn't lie (is this right? you know english isn't my mother language), did it? I see HYRF.OB made false press releases (well, not false, they were just trying to push investors to their stock giving away information that was not in context).
I see EYII made two things over the last couple of weeks:
1) It issued negative press releases and SEC statements, but not with facts, just intentions.
2) During the last couple of months, EYII could have made an extremely positive press release, but it didn't. What was that press release?
They could have said «we buy Code Blue from HYRF on a consignment basis. We only have costs after we have revenues. So, there's little risk for us, and huge potential». But they didn't, did they? In fact, EYII left HYRF put the story as the revenues were going to them, that they were the big winners on the deal, bla, bla, bla.
EYII saw HYRF rise from $0.17 to $1.30 while it's share price didn't go nowhere in the entire process. They didn't spoil HYRF's fun, to their own loss.
Why?
1) Because they needed HYRF to produce the Code Blue and HYRF needed money, so they let them do it?
2) Because EYII wasn't worried about its short term share performance?
3) Because, just after the 160% one day rally on August 12, EYII's market maker said: «what the hell are you doing? Before talking so much on that big deal let us accumulate shares at lower prices»?
I don't know why. What I do know is that EYII is an excellent play at this moment, and I'm not saying this because I own shares at higher prices, you know I take a loss when I see one.
Everything is going as expected, when the stock was at $0.10 I said it was probable the stock would break the ascending trendline and trade for some time at the $0.06-$0.08 range, with most people feeling discouraged. Then a rise to values above $0.50 would occur.
I still believe this will be the outcome, in fact, recent news from HYRF make me even more a believer.
Quote from: fousc on October 29, 2005, 03:46:45 PM
haha well me and my room mate polished off a half gallon of barbarosa spiced rum.......so we were pretty toasted. We were going to a halloween party at one of out buddies frat and i was suppose to use this other kids name that was on the party list to get in. Apparently i was too drunk to remember to use his name lol :D . So they decided they werent gonna let me in and being determined to get in cause everyone i just came with got in, i wasnt taking no for an answer haha. By the way i have no memory of anything that happend until i was in jail. But yah i guess i pushed the president of the fraternity up agaisnt a car or something lol so they called the cops. Next thing i knew i was in handcuffs sitting in a cell not knowing why i was there cause i had blacked out haha. Then i had to call my mom to come bail me out from an hour drive away at 3:30 in the morning so she wasnt too happy about that one haha. Anyways, they gave some bs charges: harrassment, disorderly conduct, and tresspassing.
What a waste of a night....................
-fousc
;-)
fousc, remember:
«
You gotta fight for your right to PARTY !!!»
(or something like that from Beasty Boys, I guess?) I was laughting a lot with your story, because it sounded a lot familiar to me... You gotta move to Portugal, where you can be wilder than that and still make the party with no cops >:D
Take care ! ;)
EYII.OB will probably continue trading at the $0.06-$0.08 range for some time. Before the year ends I see it breaking out and make a move to prices above $0.5.
No wishfull thinking here, I expect revenues coming from sales of the Code Blue to be the catalyst, after many confusing and negative news but with not so much relevance to the company's fundamentals overall.
Quote from: Ramsburg on October 31, 2005, 08:24:54 AM
;-)
fousc, remember:
«You gotta fight for your right to PARTY !!!» (or something like that from Beasty Boys, I guess?)
I was laughting a lot with your story, because it sounded a lot familiar to me... You gotta move to Portugal, where you can be wilder than that and still make the party with no cops >:D
Take care ! ;)
haha i'll have to plan trip to portugal ram. Cause boy do i not have much luck when it comes to staying out of trouble with the police around here :-\ .
Anyways here is todays chart for EYII. I see support at .05 and a new ascending trend that was formed on this recent pullback.
-fousc
Interesting read:
http://news.yahoo.com/s/afp/20051101/sc_afp/chinaenvironmentwater_051101041159
Does anyone, besides me, wonder what's to stop the Chinese from making their own "Code Blue" pithers and Filters?
Gee..... it's not like they've never copied any other intellectual properties and produced their own pirated versions ::)
Just something to consider as EYII continues to wallow in the abysss
Thanks for that trendline fousc :)
Thanks for that article capricho, interesting indeed.
Quote from: KCScott on November 01, 2005, 10:33:11 PM
Does anyone, besides me, wonder what's to stop the Chinese from making their own "Code Blue" pithers and Filters?
Gee..... it's not like they've never copied any other intellectual properties and produced their own pirated versions ::)
Just something to consider as EYII continues to wallow in the abysss
It's possible, and I already had bad dreams about it. Although I have a small amount of money in this penny stock (because it is a penny stock), I feel great responsibility with it, since I've been talking bullish about it and it trades down and down.
I have no more bullish things to say about it, I know there are great risks to hold this stock (we don't know if the Code Blue will sell, we may face massive dilution), but with a market cap of $12.6M and possible revenues of $210M over 2006 and 2007, I feel that may be priced in.
I'll continue waiting and holding EYII.OB.
I don't think that they will copy the pitches and filters and make their own.
If they wanted to do so, they can simply buy it from market and do their own research.
They do not need to sign any agreement with US companys at all.
If we hold this stock for one year, it may rebound from this level.
But David is a momentum player and I don't know whether David has the patient to wait for that long.
Right now I am in the same boat with David.
Usually I am willing to hold stock for one year but if the stock lost 7% from buying point, I will sell and look for opportunity to enter position for the same stock later.
That is sell it at $0.93 and buy it back at $0.40 or $0.20.
If David changed his mind to sell, I will take the biggest loss in my life with him.
My belief is that given the gravity of the Chinese water problem, why are we putting so much time and effort and investment opportunity into a penny stock that has a dubious reputation of selling modern day snake oil?
Another way of looking at this 'Chinese Water Play' would be to find solid, reputable companies that are actually contributing to the solution on a scale far greater than EYII which is basically reselling plastic water pitchers with a miracle filter.
Perhaps this means looking beyond consumer products such as Code Blue and focusing on infrastructure--civil engineering, desalination, purification, and the sort.
Just my $.02 worth.
Here's one.....
TTCH.pk
TTCM China Signed Nineteen Contracts Valued at $11.3 Million Dollars
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Oct. 4, 2005--TTCM China, Inc. (Pink Sheets:TTCH), a leading supplier of glass-reinforced plastic pipes, reports that it has signed nineteen contracts with multiple provincial and local government agencies and businesses. The total value of the contracts is worth over $11.03 million dollars.
One of the contracts is for City of Le Qing in Fu Jian Province. TTCM will provide pipelines as well as participating in the construction of upgrading the city's wastewater purification project. The value of this particular contract is worth more than half million dollars, and the project is underway.
TTCM will announce the details of additional contracts over the coming weeks.
About TTCM CHINA
Founded in 1995, TTCM's core business is the production, processing and sales of glass-reinforced plastic pipes wrapped with sand inclusion and glass-reinforced plastic products. Its primary products include various types of regular and high-pressure pipes, fittings, round containers, cooling towers, and fans. The Company is also engaged in the development and production of new high polymer synthetic material.
Yikes!
(http://img.photobucket.com/albums/v11/kcscott/TTCH.png)
Well at least it's showing support around .05-.06.
with over a billion people in China I think there's room for a low cost water filter in a cheezy plastic pitcher
I know EYII.OB is down a lot, but I'm not very worried about it, being worried can't take me anywhere but down.
The stock now needs positive news to attract fresh money, and I'm convinced those news, in terms of revenues and profits, will come over the next quarters.
So I will patiently wait and continue holding the stock, despite a 47% loss on this position (about $470). Moves of this magnitude are to be expected, when penny stocks can fly 200, 300 or even 1000% in a short period of time.
"Be fearful when others are greedy. Be greedy when others are fearful." ;D
Oh so true Irod.
However, easier said than done. If we could only get our mind and emotions to cooperate eh?
Have a GRRRRRREAT DAY !!!
Quote from: David Randolph on October 31, 2005, 07:07:49 AM
Lol fousc, how old are you? I used to do things like that not long ago, but never got arrested 8)
Haha well David if you lived where i live in oregon im sure you would have gotten in trouble plenty of times :D. Being 21 now i thought my troubles were over, guess not :D The authorities around here arn't too friendly >:( They really don't mind handing out citations and arresting kids all day long. For instance this last Saturday the night after i got arrested i went to this huge block party and the cops ended up arresting 19 people at the party, They even got a newspaper article about it!!
Police pelted by post-game party-goers
http://gazettetimes.com/articles/2005/11/01/news/community/tueloc01.txt
By KYLE ODEGARD
Gazette-Times reporter19 arrested for alcohol violations
Some Beaver fans didn't take that homecoming football loss too well.
Corvallis police responded to an out-of-control party that an estimated 700 people attended in the 300 block of Northwest 15th Street on Saturday night, and unruly revelers threw bottles at officers, said Lt. Ron Noble.
"It was a few here and there — enough that we had to be watching," said Noble, the department spokesman. "The crowd wasn't too willing to have us around."
Police arrested 19 people for alcohol violations such as open container and minor in possession, Noble added.
Hundreds of partygoers were drinking outside, near 15th Street and Harrison Boulevard, after Arizona's 29-27 win over Oregon State University.
Officers stood back and took action as partygoers left instead of trying to confront the crowd.
A riot control-type response wasn't necessary, Noble said.
"Pushing to try and break it up would have caused more physical problems. The force wasn't warranted. We were able to sit around and monitor the party," he said.
If there were people being injured during the party or a large amount of property damage, however, officers might have escalated their response.
Officers' presence helped ensure that the party was contained and didn't spill out farther into the city, Noble said.
Benton County Sheriff's Office provided five officers to patrol the party for three hours, from 10 a.m. to 1 p.m., and each was matched up with a Corvallis police officer. Oregon State Police also helped.
Police think they know who sponsored the party and will continue to investigate.
Noble said that officers dodging bottles "doesn't happen that frequently, but it's something we have to deal with ... I've been in those, and it's not the whole crowd. It's one or two people."
There have been times "years ago" officers have been hit by bottles and hurt, he added.
A public alleyway on 15th Street was closed because the party was spilling out into it.
"We would escalate the need for that type of response if there was a large amount of property damage or people getting hurt," Noble said.
Saturday was a busy day for Corvallis police, with 15 calls regarding parties, five fights, a stolen pickup, other disturbances and a second-degree assault case where a man attacked a person with a lawn chair.
At one point, 12 calls were waiting for an officer to respond. "Usually, we might have three or four,
On EYII,
i really have been disappointed with the movement of this one. I'll continue holding as long as it remains above that ascending trendline. Like you David im holding a hefty loss right now at about 46%. Biggest loss ive held since i started trading. I'm almost hoping it drops below that ascending trendline to give me an excuse to sell >:D . Because HQSM and GLIF are looking attractive right now and droopy EYII's got my penny money locked up............
-fousc
Wel there she blows. Break of another ascending trendline. Count me out tomorrow morning.... Ouch 49% loss >:( . well at least it wasn't too big of an investment. Good luck to David and to those who are still holding. today's close at .05 may just be another bounce of that .05 support area. Guess we'll see. I'll be looking to fill a position from the money i have in this one on HQSM or GLIF. Havn't decided yet gotta do a little more research. Anyone have any reccomendations for which one they think would be a safer bet? im leaning towards HQSM's technical pattern as well as earnings comin up and the TV interview.
good luck longs,
-fousc
IF i had something to lose i might join you, but id rather wait for that 50% back the sell it now. No matter what im just going to ignore this red blotch on my account and just wait. just like i did with amep, pyst and all the other damn penny stocks that went down. but they all went up. (most of them) enough anyways were i did better then getting out evertime one went down. a little lower and i would like to buy more. only about 200 $ worth. just so im a little happy when it goes to 6 again
Remember - - the big stockholder meeting is Dec. 2nd.
I have written off this loss and now I am going to hold on until David closes his positions.
I figure that this is a reasonable risk/reward ratio - it can only go down to zero but the upside ------ well ----- how high is up?
Time flys.
I'm still holding. PEnny stocks need time. More time than NASDAQ and the Dow. Beint in these for half a year now, that's what I've learned. (And I think David is willing to do now given GLIF, CNCN etc. ;)) A penny needs news. Ofcourse you can swing trade, but you might just lose out, that's the risk. It can go fast either way.
I never take a bigger position then a $ 1.000,- in penny stock. B/c of the risks involved (think of HYRF and FCCN (thanks Wise....) :'() because information is harder to find. And for the rewards await the news and hope it is the positive news you expected ;).
Holding a little longer and not selling in a rush, paid of for me with INSQ, TYRIA, SAMC and now GZFX, selling them all higher than 3POF did most times just a couple of weeks later :). But in can just as well go the otherway as HYRF shows, where I was too late. On avarage my policy still works and I'm nicely up :)
Amarens
Amarens, that's been my experience as well. I want to add a little to it though...choose your entry points very carefully. I have learned the hard way to never chase a penny, you will end up getting burned...FCCN comes to mind. :'( Its the classic method, buy low sell high, preferably sell the news.
Be quick to take profits. If you miss a move, there is always another play on the horizon.
This has worked for me.
Between GLIF and HQSM I think that HQSM will be the safer play here in penny stock land..
I agree with you guys that pennies sometimes take some waiting. But i dont think EYII is goin anywhere fast. I'll consider filling a position again if i starts to come back up to where abouts i first purchased it at .10. I sold my position today at .05. I think i have better opportunities to make my money back in more volitile stocks at the moment. In the long run i think EYII can make a big move due to its fundamentals, but right now technically its an old man with a bum knee ;). Todays price action managed to close at support of .05 but it jusssssssssst poked through it at one point to say hello to the bottom feeders at .049. I don't believe this to be a good sign technically. I don't like it when stocks talk to the bottom feeders >:D.
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=8682;image)
SEE??
Anyways, good luck to you guys who are still holding. I'll be looking to hop back in once price action makes another bullish move.
-fousc
I received an e-mail from Scottrade for a "proxy vote" as below. EYII wants to increase the number of common stock by 1 billion shares. That would not be good for stockholders! I voted against the directors because of this recommendation. And, against the increase of the numbers of shares. Am I correct in this? Any comments?
John
Proxy Ballot:
DIRECTOR(S):
Directors recommend a vote FOR election of the following nominee(s):
DORI O'NEILL ; JAY SARGEANT .
For all nominees Withhold all nominees For all EXCEPT those selected below:
DORI O'NEILL
JAY SARGEANT
Proposal(s): Please indicate your proposal selections by clicking on the fields below.
02. APPROVAL OF INCREASE OF THE NUMBER OF SHARES OF AUTHORIZED COMMON STOCK TO 1,000,000,000 SHARES
Directors Recommend : FOR
For Against Abstain
i received the same thing from Ameritrade.
i still have a sizable portion of my portfolio in this.
extremely low volume today so far.
any insight from the more experienced people here?
Quote from: john b mcginnis on November 09, 2005, 11:44:46 AM
IEYII wants to increase the number of common stock by 1 billion shares.
John - Big Difference between "By" and "To"
Quote02. APPROVAL OF INCREASE OF THE NUMBER OF SHARES OF AUTHORIZED COMMON STOCK TO 1,000,000,000 SHARES
I think I remember the total outstanding shares were 800,000,000 (I maybe wrong and no energy to look it up) so they are voting to dillute by 25%
Not that any of it really matters since I'm one of these also....
(http://img.photobucket.com/albums/v11/kcscott/EYII.jpg)
Does EYII.OB deserve a daily update?
Haven't heard from David on EYII.OB for days.
Very funny scott, ill give u +1 for that laugh. needed that.
Well i think we all now that if david is willing to sit on something, and oh by the way watch his red increase, he feels VERY strong that it will have better days in the future. Now I dont want to be caught up in this, but I am putting little in each time it drops. Just like i did for BRVO. And once again,with time it will pop its head up for profits. I still have confidence in this one. Im here to make money. EYII is a bank for my $ 2,000 now. i dont want 3% interest, i want 300%. >:D long like donkey kong!!!
I noticed a descending wedge in EYII's price action. I'll be looking to possibly hop back in on an upside breakout of the wedge, if not that, then i'll be looking to fill a position near the prior lows of .021 between april and june.
-fousc
sold EYII(55% loss) & GILF (66& with profit, 33% on average) yesterday, I have bought BIGN for making up my EYII losses
:o
EYI Delivers Initial Samples of Code Blue to CEIEC
Monday October 24, 8:57 am ET
On Wednesday October 19, 2005, Mr. Dori O'Neill personally delivered six units of the Code Blue(tm) water filtration system to CEIEC for review and testing. Due to circumstances beyond EYI's control such as national holidays and customs delays, the delivery of the units was held up. EYI is expecting its initial order in 6-8 week
I see 0.030 as a bottom i may re-enter (sold at 0.090 with small gains)....expect news from the first order in the beginning of december...
Code Blue production
http://www.martiinc.com/codeblueproductionline.htm
So the company in China is producing Code Blue Water Filter Systems. Now we should see an order by end of the month, before the SH meeting.
If you have not sold EYII, it is better to keep it.
One rule: always to put a stop loss after purchase.
But if you missed the chance to sell it at high and it crashed, no need to sell it at bottom.
The stock is nearing its bottom (compared with its high) so continue holding is a good choice.
I clicked the link that shows the HYRF's China production line. HYRF has 9 patens so the code-blue is a unique system and should have a good future.
I will start buying HYRF again after I made a quick 100% return on HYRF's bounce back.
Looks like the company's quarterly report will be late according to their filings under pinksheets.com. If I am reading it correctly, they have an extension of 15 days after the due date. I believe the due date was tomorrow. Does anyone think this could affect the stock price even more?
If I remember correctly for 10Q the extension is 5 days!
You are right. It is 5 days for the 10Q. I misread the filing.
Thanks
Volume picked up a bit today though .05 is acting as strong resistence. Coming close to the point to see which way it is gonna break out of this descending wedge. I got out at .05 and looking to hop back in on a break of the descending trendline.
Good luck everyone
-fousc
how low can it go? That's the 2 million dollar question now.
I will be holding till 2020. Perhaps my kids will enjoy EYII.
Just had to add some comedic relief to the big red Eyii in my portfolio.
Jennifer Trevitt in EYI IR claims a shipment will go out this week.
We will see.
If the China deal remains intact, it may be the time to take another look at HYRF & EYII.
Adding some of both here knowing the risk involved.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check one): Form 10-K Form 20-F Form 11-K X Form 10-Q Form 10-D Form N-SAR
Form N-CSR
For Period Ended: September 30, 2005
Transition Report on Form 10-K
Transition Report on Form 20-F
Transition Report on Form 11-K
Transition Report on Form 10-Q
Transition Report on Form N-SAR
For the Transition Period Ended: ______________________________________
Read Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
PART I - REGISTRANT INFORMATION
EYI INDUSTRIES, INC.
Full Name of Registrant
n/a
Former Name if Applicable
7865 Edmonds Street
Address of Principal Executive Office (Street and Number)
Burnaby, British Columbia CANADA V3N 1B9 City, State and Zip Code
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
X (a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense
X (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q,10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
Management was unable to obtain the business information necessary to complete the preparation of the Company's financial statements for the quarter ended September 30, 2005 and the review of these financial statements by the Company's auditors in time for filing. Such information is required in order to prepare a complete filing. As a result of this delay, the Company is unable to file its quarterly report on Form 10-QSB within the prescribed time period without unreasonable effort or expense. The Company expects to file within the extension period.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification
Steven F.X. O'Neill 604-687-5792
(Name) (Telephone number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed ? If answer is no, identify report(s). Yes X No
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof ? Yes X No
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
EYI INDUSTRIES, INC.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto
duly authorized.
Date: November 14, 2005 By: /s/ Dori O'Neill
--------------------------------------------------------------------------------
End of Filing
Hi Jeff,
We received a shipment today for our US and Canadian customers. Product has already been shipped to China.
Thanks
Jennifer
--------------------------------------------------------------------------------------------------------------------------
Jennifer,
Are you referring to product outside of the 6 units that were delivered ? Or a new shipment to China ?
Will any press be released on the domestic shipment ?
How many came ?
Domestic is good, but we need China news to move forward.
Jennifer Trevitt
Paralegal/Investor Relations Administrator
Essentially Yours Industries, Inc.*
7865 Edmonds Street
Burnaby, BC V3N 1B9
(Phone) 604-759-5031
(Fax) 604-759-5044
* a subsidiary of EYI Industries Inc., a publicly traded company under the symbol EYII.OB
---------------------------------------------------------------------------------------------------------------------------
Jeff, watch for news this week with an update on CEIEC. The units that were sent previously to China were samples.
Thanks
Jennifer
Jennifer Trevitt
Paralegal/Investor Relations Administrator
Essentially Yours Industries, Inc.*
7865 Edmonds Street
Burnaby, BC V3N 1B9
(Phone) 604-759-5031
(Fax) 604-759-5044
* a subsidiary of EYI Industries Inc., a publicly traded company under the symbol EYII.OB
EYII still in a losing battle.........Though the highs since the first day it broke through the .05 support have been at the front line duking it out with the now resistence of .05 everyday since the support breakdown. I think its possible that the resistence of .05 could be broken tomorrow if not by the end of the week. Though i wouldn't mind to see it drop a little bit lower so i could get a better position. No offense to the ones still holding this one still ;). I already got out at .05 with a 49% loss. So i would like to get back in lower than what i sold it at >:D. Also this could just be another bounce of the descending wedge wich got up close and personal with todays price action.
-fousc
The battle continues.................. Price action up with a high today of .049 which made a small breach of the top of the wedge and once again battleing that .05 resistence though it failed once again to drop back down to close within the wedge......Still waiting for that perfect entry ;D
-fousc
Let us know when u find it Fousc :D...i may want to re-enter too...but, how do u know when the low..is the final bottom...what if it dips into the .03's?
thanks...great work! ;D
julia
Hey julia,
A little bit more insight for you and everyone else ;D
-fousc
I'll be waiting on that All-time low... ;)
Thanks Fousc...yes..will watch to see how far it will drop.
Just a little advice Fousc..your charts are great! :D...but, maybe it's me....that blue writing is hard to read....maybe light/med green or orange...just a humbe suggestion :)
thanks!
julia
Quote from: gmarc66 on November 17, 2005, 12:07:01 AM
Thanks Fousc...yes..will watch to see how far it will drop.
Just a little advice Fousc..your charts are great! :D...but, maybe it's me....that blue writing is hard to read....maybe light/med green or orange...just a humbe suggestion :)
thanks!
julia
Thanks for the advice Julia. Blue is just the default color so thats what i typically use. Orange sounds like a good color to me :) I'll make the changes in my future charts. And its not just you lol, i noticed it too, I just figured it was my horrible eye sight ;)
-fousc
Hows this? 8) i think i like the green better.... what ya'll think?
Thanks for all the technical analysis fousc :)
You know how things can change in just one trading day for penny stocks. I found the link a 3 SOF Member left quite interesting, with photos of the Code Blue production process in China:
http://www.martiinc.com/codeblueproductionline.htm
The product is being produced. According to one of fill_the_gap's posts (thanks for your information, very useful :)), the product is just about to start being sold.
Everything is going as planned and expected.
The one thing that is not acting as expected is the share price. But as I said in the beginning, everything can change with a news day. I see positive news in the near future for EYII.OB and that will attract fresh new buyers for this penny stock.
So, I will continue holding, despite a 55% loss.
EYI Hong Kong Management Meet with CEIEC Top Executives
Burnaby, British Columbia CANADA, November 17, 2005 - EYI Industries Inc. (EYII - OTCBB), (''EYI'') (http://www.StopDrinkingPoison.com ), a marketer of products that promote well-being and a healthy lifestyle, is pleased to announce that Essentially Yours Industries (Hong Kong) (''EYI HK''), President and CEO, Dori O'Neill, and a senior EYI Consultant met with top executives of Guangzhou CEIEC Enterprise (Group) Co. Ltd. (''CEIEC'').
On Saturday November 12, 2005, Mr. Dori O'Neill and a senior EYI Consultant, met with 5 CEIEC senior executives including Mr. Zhang Jiang, President and CEO, Mr. Yu, Executive Vice President and Mr. He Bing Gui, Vice General Manager. The purpose of their meeting was to further discuss the marketing strategy for the Code Blue(tm) portable water filtration system in order to ensure successful penetration into the Asian market. CEIEC is currently proceeding with the Code Blue dual trade mark registration and ensuring that all products meet the requirements for sales in China.
Over the next 5-6 weeks, a senior EYI Consultant will be traveling throughout Southern China to assist in educating the staff and regional managers of CEIEC on the features and benefits of Code Blue(tm).
EYI has also hired C&E Translation & Advertising Inc. to translate www.codebluewater.com into Mandarin and Cantonese. EYI is currently preparing to launch the translated Code Blue(tm) website which will then be linked to CEIEC's website.
Essentially Yours Industries (Hong Kong) President and CEO, Dori O'Neill stated, ''We are truly honored that CEIEC has given us permission to link directly to the CEIEC website. We are the first vendor to have been afforded such an honor. We are very pleased with the progress that we have made to date with CEIEC and are looking forward to a successful partnership.''
Well, Jennifer was true to he word and the news release came out (thanks for that Jeff).
For sure it is moving in the right direction, local dialect web, linked into CEIEC website, local salesforce training, Chinese registration in process.
At some point soon (and that is the unknown) EYII will find a bottom reverse and then reflect a real value to this long term business partnership they are building with CEIEC.
I am holding and adding some on that basis.
Good luck
Fousc...the green looks great! nice and easy to read....and my favourite color ;D
great job as usual! ;D
thanks very much
julia
Quote from: fousc on October 29, 2005, 03:46:45 PM
haha well me and my room mate polished off a half gallon of barbarosa spiced rum.......so we were pretty toasted. We were going to a halloween party at one of out buddies frat and i was suppose to use this other kids name that was on the party list to get in. Apparently i was too drunk to remember to use his name lol :D . So they decided they werent gonna let me in and being determined to get in cause everyone i just came with got in, i wasnt taking no for an answer haha. By the way i have no memory of anything that happend until i was in jail. But yah i guess i pushed the president of the fraternity up agaisnt a car or something lol so they called the cops. Next thing i knew i was in handcuffs sitting in a cell not knowing why i was there cause i had blacked out haha. Then i had to call my mom to come bail me out from an hour drive away at 3:30 in the morning so she wasnt too happy about that one haha. Anyways, they gave some bs charges: harrassment, disorderly conduct, and tresspassing.
What a waste of a night....................
-fousc
So yah i just got back from court for this today.....$1300 in fines!!!!!! yipeeeeeeeee!!! what a waste of my god damn money......... I suppose i shall drink heavily tonight >:D
EYII still battling at .05 with the highs of the last 7 trading sessions. Though price action still didnt manage to breakout of that descending wedge.
Still watching, Still waiting, Like a lion crouched in the savanah, waiting for the perfect moment. ;D
But not my worst loss ever, I am humbled to say. I am down 97 % on QBID, a gay and lesbian TV network. I am neither, gay, lesbian nor for that matter a TV network. But the venture seemed like a good probability. Also I could feel like a bigshot buying 50,000 shares of something. (at 1.5/ cents) It's now worth .0000 I don't know what. Hoping EYII doesn't repeat this.
David is right. Pennies move by bags. However, if you see general market action then pennies are at the moment out of favor and to me thats because you can make good money in other stocks with considerably less risk.
I have noticed that pennies do good when the market is at the end of aging bull rally or flat.
I have a failed love relationship with EYII. But same was with AMEP and rest you guys all know. Goodluck to all those who are holding. I may start a small position just to be in part with you guys. :)
stocky i applaud you.
cause you know?
id like a donut as well................................. ;D
Link:
http://www.agoracom.com/nonmemforum/msgreview.asp?id=432655&refid=0&orig=432655
HAL, please read my last QBID post. Do not worry my freind. and it has not gone under .0004. How are you 97% loss? did you get it at its high? Anyways. These pennies are not going to die like many do. so just forget about them until that one day you come in and say "damn how do i have so much in my portfolio" Be that lion in the saharah, but close your eyes, and go to sleep for a while. No point selling these now anyways so that is the only other option. down 97, dang.... but serioulsy good news, go read my post.
QuoteI am down 97 % on QBID, a gay and lesbian TV network. I am neither, gay, lesbian nor for that matter a TV network.
LOL :D
I remember QBID being touted to me when it was at a 1.5 cents. Glad I avoided. There was an article in USA Today a week ago (Fri 11/11 I think) about pink sheets. After reading that, I will probably never buy a pink again. Have only bought one pink in my life - HSYN - and took a 60% loss. Luckily only took a 1/3 position since it was purely speculative.
I think we have here some problem with "approvement time" of this
product by chinese authorities , like FDA in US. It may take much time.
:-\
Best,
Vova
Looks like a bottom has formed around .041. Price action finally had an upside breakout of that descending wedge on just slightly abover average volume. Though im not too impressed with the candle formed today being that it closed below the open. Im fully invested right now but may be liquidating some of my other positions tomorrow to fill a position back in this one near the close.
good luck
-fousc
FYI ;)
Form 10QSB for EYI INDUSTRIES INC.
--------------------------------------------------------------------------------
21-Nov-2005
Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.
FORWARD LOOKING STATEMENTS
The information in this discussion contains forward-looking statements. These forward-looking statements involve risks and uncertainties, including statements regarding EYI's capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential" or "continue", the negative of such terms or other comparable terminology. Actual events or results may differ materially. In evaluating these statements, you should consider various factors, including the risks outlined in the Risk Factors section below, and, from time to time, in other reports we file with the Securities and Exchange Commission (the "SEC"). These factors may cause our actual results to differ materially from any forward-looking statement.
OVERVIEW
We are in the business of selling, marketing, and distributing a product line consisting of approximately 24 nutritional products in two categories, dietary supplements and personal care products. Our most successful product is Calorad, a liquid collagen-based dietary supplement presently available on the market. These products are marketed through a network marketing program in which IBAs (Independent Business Associates) purchase products for resale to retail customers as well as for their own personal use. We have a list of over 380,000 IBAs, of which approximately 9,100 we consider "active". An "active" IBA is one who purchased our products within the preceding 12 months. Over 1,300 of these IBAs are considered "very active". A "very active" IBA is one who is on our automatic Auto-ship Program and is current with their annual administration fee. Our Auto-ship Program allows our IBAs to set up a reoccurring order that is automatically shipped to them each month.
The IBAs in our network are encouraged to recruit interested people to become new distributors of our products. New IBAs are placed beneath the recruiting IBA in the "network" and are referred to as being in that IBA's "down-line" organization. Our marketing plan is designed to provide incentives for IBAs to build, maintain and motivate an organization of recruited distributors in their down-line organization to maximize their earning potential. IBAs generate income by purchasing our products at wholesale prices and reselling them at retail prices. IBAs also earn commissions on product purchases generated by their down-line organization.
On an ongoing basis we review our product line for duplication and sales trends and make adjustments accordingly. As of September 30, 2005, our product line consisted of: (i) 18 dietary supplement products; and (ii) 6 personal care products consisting primarily of cosmetic and skin care products. Our products are primarily manufactured by Nutri-Diem, Inc., a related party, and sold by us under a license and distribution agreement with Nutri-Diem. Certain of our own products are manufactured for us by third party manufacturers pursuant to formulations developed for us. Our products are sold to our IBAs located in the United States and Canada.
We believe that our network marketing system is suited to marketing dietary supplement and personal care products, because sales of such products are strengthened by ongoing personal contact between IBAs and their customers. We also believe that our network marketing system appeals to a broad cross-section of people, particularly those looking to supplement family income or who are seeking part-time work. IBAs are given the opportunity, through our sponsored events and training sessions, to network with other distributors, develop selling skills and establish personal goals. We supplement monetary incentives with other forms of recognition, in order to motivate IBAs.
Recent Corporate Developments
We experienced the following significant developments since the completion of our last fiscal quarter ended June 30, 2005:
1. On August 28, 2005 we incorporated a wholly owned subsidiary, EYI HK. The EYI HK office consists of the entire 15th floor in a centrally located building at No. 1 Minden Avenue, Tsim Sha Tsui, Kowloon. The office is intended to be used to service distributors and provide a product pick up depot for Code Blue(tm), Calorad(r), Prosoteine(r) and the newest EYI product, Calorad Cream. The new office will also play a role in supporting the sales, distribution and logistics of the CEIEC agency agreement. In connection with opening our new office in Hong Kong, on September 28, 2005 EYI HK entered into a Lease with Dombas Estates Limited for the lease of office space located at Nos. 1-3, 15th Floor of No. 1 Minden Avenue, Tsim Sha Tsui, Kowloon. The lease is for a two year term at a monthly rent of approximately $3,500 USD (HK$22,920).
2. On September 23, 2005, EYI HK entered into an agency agreement (the "Agency Agreement") with Guangzhou Zhongdian Enterprises (Group) Co. Ltd. ("GZE") and China Electronics Import and Export South China Corporation ("CEIEC"). Pursuant to the terms of the Agency Agreement, EYI HK granted to CEIEC and its wholly owned subsidiary GZE, the exclusive right to distribute EYI's Code BlueTM water filtration systems (the "Water Filtration Systems") in China for a period of two years subject to, among other things, the following conditions: (i) CEIEC purchasing a minimum of 4,000,000 Water Filtration Systems in each year commencing in 2006; (ii) EYI HK issuing an exclusive agency certificate to CEIEC confirming the grant of agency rights; (iii)EYI HK guaranteeing the safety of its products to be sold on the Chinese market and that the packaging specifications will meet the product safety standard and packaging standards as required in China; (iv) CEIEC committing to the purchase (the "Purchase Plan"): of the amount of Water Filtration Systems outlined in the following purchase plan; (v) If, in any year CEIEC purchases fewer than 4,000,000 Water Filtration Systems in the Purchase Plan it will cease to have the exclusive agency rights to the Water Filtration Systems but continue to be non-exclusive agents of EYI HK; (vi) If, in any year CEIEC purchases fewer than one-half of the Water Filtration Systems in the Purchase Plan, EYI HK may at its option adjust the price of the Water Filtration Systems supplied to CEIEC under the Purchase Plan; and (vii) CEIEC agree to obtain all required regulatory approvals in China relating to the marketing and distribution of the Water Filtration Systems. Pursuant to the terms of the Agency Agreement, CEIEC reserves the right, upon reasonable notice to EYI HK, to increase, or decrease the number of Water Filtration System units that it purchases under the Purchase Plan, based on its evaluation of market demand in China, and agreed to commence purchases under the Purchase Plan in October 2005, and place subsequent purchase orders on a quarterly basis. The parties agreed that CEIEC may upon reasonable notice to EYI HK, assign its interest in the Agency Agreement to its nominee company, but remains a party to the agreement notwithstanding any such assignment.
3. EYI HK entered into a Logistics Management Agreement dated September 1, 2005 with All In One Global Logistics Ltd. to provide international freight, warehousing and distribution services in Hong Kong for a period of two years.
4. On September 1, 2005, EYI entered into an agreement for legal services with M. Ali Lakhani Personal Law Corporation (the "Contractor") to provide EYI and its subsidiaries with certain legal services in exchange for a monthly fee of US$8,000 and a one time issuance of 500,000 restricted shares of our common stock to the Contractor or its nominee, pursuant to Regulation S of the Securities Act of 1933. The contract is on a month-to-month basis.
5. We entered into an investor relations agreement (the "IR Agreement") dated as of July 28, 2005 with AGORA Investor Relations Corp. ("Agora"), a private company incorporated under the laws of Ontario, Canada. Pursuant to the terms of the agreement Agora agreed to provide certain services including marketing, branding and investor communications services, in consideration of which we agreed to: (i) pay Agora a fee of $2,500 per month commencing August 1, 2005; and
(ii) issue to Agora warrants to be registered by us to purchase 350,000 shares of our common stock exercisable at a price of $0.06 per share and vesting over a twelve month period. The Agreement is for an initial term of August 1, 2005 to July 31, 2006 and is renewable at EYI's option for an additional term of 12 months under the same terms and conditions. On October 5, 2005 we amended the IR Agreement with Agora. The IR Agreement was amended to provide for the issuance of 250,000 restricted shares of our common stock in place of the warrants to be received by Agora initially under the IR Agreement. The shares were issued pursuant to Regulation S of the Securities Act of 1933 and Canadian National Instrument 45-106 on the basis that Agora is an accredited investor.
We intend over the next twelve months to undertake the following:
New Product Introduction. In May 2005, we entered into a 5 year exclusive Reseller Agreement with Metals & Arsenic Removal Technology, Inc ("MARTI"). The Reseller Agreement offers EYI exclusive network marketing rights of a reformulated version of the MARTI products. The MARTI units are a portable water filtration product that have been tested in an EPA accredited laboratory and tests concluded that the filtration unit effectively treats and removes arsenic from water supplies. In June 2005, we initiated our pre-launch program for the MARTI products, now named Code Blue(TM). Shipments of this product began in August 2005.
International Sales. We see international sales as a key component for our growth in the next 5 years. During our second quarter of fiscal 2004, we entered into a joint venture agreement (the "JV Agreement") with World Wide Buyers' Club Inc. ("WWBC") and Supra Group, Inc. ("Supra Group"), dated as of May 28, 2004, for the purpose of jointly marketing and distributing our products through the existing Supra Group distribution system in the Latin American countries identified in the JV Agreement and the products of Supra Group using the existing EYI distribution system to residents in the U.S. We believe Supra Group has significant international experience, expertise and contacts and that this alliance will assist in our ability to expand into Spanish-speaking countries.
Over the next twelve months we intend to expand our operations into the Asian market. In June 2005, we secured the consulting services of Ms. Eliza Fung who will primarily assist in the entry and development of EYI into the Asian market. In August 2005 we incorporated a new company, Essentially Yours Industries (Hong Kong) Limited and in September 2005 we opened an office in Hong Kong. The office is intended to be used to service distributors and provide a product pick up depot for Code Blue(TM), Calorad(R), Prosoteine(R) and the newest EYI product, Calorad Cream. The new office will also play a role in supporting the sales, distribution and logistics of the CEIEC agency agreement.
Network Support. We intend to expand the marketing of our Calorad product by internet direct and the distribution network. We also intend to support the growth and expansion of the Sales Communication department. Their success is measured on the number of inactive IBAs who, through the efforts of the Sales Communication department, become current with their membership fees and purchase our products. As the revenues generated by this department grow, we intend to add additional staff. Also, over the next twelve months we intend to promote our Autoship Program by offering one or more of the following: initial incentives, purchase discounts, and long-term commitment rewards. We believe that our automated ordering system supports on-going sales.
RESULTS OF OPERATIONS
Third Quarter and Nine Months Summary
Third Quarter Ended September 30 Nine Months Ended September 30
----------------------------------------- -----------------------------------------
2005 2004 Percentage 2005 2004 Percentage
Increase / Increase /
(Decrease) (Decrease)
Revenue $1,335,963 $1,349,170 (0.98%) $3,850,246 $4,769,608 (19.28%)
Cost of Goods Sold $ 350,188 $ 249,634 40.28% $ 840,125 $ 956,567 (12.17%)
Gross Profit before commission $ 985,775 $1,099,536 (10.35%) $3,010,121 $3,813,041 (21.06%)
expense
Commission expense $ 513,449 $ 545,747 (5.92%) $1,435,911 $2,000,401 (28.22%)
Gross Profit $ 472,326 $ 553,789 (14.71%) $1,574,210 $1,812,640 (13.15%)
Gross Profit Margin 35.35% 41.05% (13.87%) 40.89% 38.0% 7.58%
Revenues
During the three months ended September 30, 2005 we had total revenues of $1,335,963 as compared to revenues of $1,349,170 for the same period in 2004 which represents a decline of $13,207 or 1%. The year-to-date results for 2005 compared with 2004 indicate a revenue decline of $919,362 or 19%. The decrease in our revenues can be primarily attributed to the following factors:
o Our inability to attract new IBA's
o Lack of IBA participation in our auto-ship program
o our inability to fund marketing initiatives and programs that may promote growth within new markets and existing ones
Gross Profit
During the three months ended September 30, 2005 as compared to the same period in 2004, we had gross profits of $472,326 and $553,789 respectively. This represents a decline of $81,463 or 15%. The year-to-date results for 2005 compared with 2004 indicate that the gross profit has declined $238,430 or 13%. The decline in our gross profit is primarily attributed to our decreased sales.
Expenses
Operating expenses:
The following table summarizes operating expenditures for the periods indicated:
Operating Expenses
------------------------------------------- ------------------------------------------------
Third Quarter Ended September 30 Nine Months Ended September 30
------------------------------------------- ------------------------------------------------
Percentage Percentage
2005 2004 Increase / 2005 2004 Increase /
(Decrease) (Decrease)
Consulting fees $ 273,026 $ 318,095 (14.17%) $ 751,836 $ 823,989 (8.76%)
Legal and professional $ 107,333 $ 104,129 3.08% $ 254,090 $ 270,503 (6.07%)
Customer service $ 9,771 $ 84,636 (88.46%) $ 161,776 $ 303,720 (46.74%)
Finance and administration $ 299,735 $1,166,046 (74.29%) $ 663,216 $1,591,332 (58.32%)
Sales and marketing $ 42,569 $ 108,790 (60.87%) $ 47,560 $ 144,599 (67.11%)
Telecommunications $ 118,881 $ 178,818 (33.52%) $ 361,139 $ 391,885 (2.89%)
Wages and benefits $ 252,095 $ 293,409 (14.08%) $ 995,247 $ 780,078 27.58%
Warehouse expense $ 66,220 $ 20,766 218.89% $ 128,066 $ 185,640 (31.01%)
Operating Expenses $1,169,630 $2,274,689 (48.58%) $3,362,927 $4,471,746 (24.80%)
We incurred operating expenses in the amount of $1,169,630 during the three months ended September 30, 2005, compared to $2,274,689 for the three months ended September 30, 2004. The following explains the most significant changes for the periods presented:
Consulting fees - For the three months ended September 30, 2005, consulting fees totaled $273,026 as compared to $318,095 for the three months ended September 30, 2004. The net difference of $45,069 is primarily attributed to the expense of vested options accrued during September 2004 quarter.
Customer Service - For the three months ended September 30, 2005, customer services fees totaled $9,771 and represented 1% of our total operating expenditures, as compared to $84,636 or 4% of the total operating expenditures for the three months ended September 30, 2004. These expenditures represent the services provided by EYI Corp. pursuant to the terms of their management agreement with our subsidiary Essentially Yours Industries, Inc. ("EYII"). EYII has since acquired its own employee base to support the services that were previously provided by EYI.
Finance and administration - For the three months ended September 30, 2005, finance and administration fees totaled $299,735 and represented 26% of our total operating expenditures, as compared to $1,166,046 or 51% of the total operating expenditures for the three months ended September 30, 2004. During the quarter ended September 30, 2004, EYI expensed approximately $1,078,000 for vested stock options. During the quarter ended September 30, 2005, EYI expensed $150,000 for financing fees.
Sales & Marketing The Sales and Marketing expenses for the three and nine months ended September 30, 2005 were $42,569 and $47,560 respectively. During the third quarter, the Company increased its marketing budget to accommodate the marketing of the new Code Blue product and to create marketing tools for the Asian market.
Wages and benefits - For the three months ended September 30, 2005, wages and benefits totaled $252,095 and represented 22% of our total operating expenditures, as compared to $293,409 or 13% of the total operating expenditures for the three months ended September 30, 2004. The decline is directly related to the reduction of staff in an effort to conserve cash flow.
FINANCIAL CONDITION
Cash and Working Capital
---------------------------------------------------------------------
Percentage
At September 30, At December 31, 2004 Increase /
2005 2004 (Decrease)
Current Assets $848,740 $1,228,714 (31%)
Current Liabilities $3,122,995 $1,853,252 69%
Working Capital (Deficit) ($2,274,255) ($624,538) (264%)
We had cash of $9,946 as at September 30, 2005, compared with cash of $0 as at December 31, 2004. We had a working capital deficit at September 30, 2005 and December 31, 2004 of $2,274,255 and $624,538 respectively. The increase to our working capital deficit was primarily attributed to the increases in our trade payables, related party payables and the Cornell Capital loan.
Liabilities
---------------------------------------------------------------------
Percentage
At September 30, At December 31, Increase /
2005 2004 (Decrease)
Accounts Payable and Accrued
Liabilities $1,493,496 $1,141,001 31%
Accounts Payable-Related Parties $695,003 $159,455 336%
Convertible Debt-Related Party, Net
Of Discount $0 $379,724 (100%)
Interest payable, convertible debt $0 $10,616 (100%)
Loan Payable, Cornell $844,496 $0 100%
We had an increase of 31% in Accounts Payable and Accrued Liabilities during the three months which represents the increase in unpaid trade payables. We also experienced a 336% increase in Accounts Payable-Related Parties which is due to the increase in unpaid wages of two of our officers and an increase in the amount owed to EYI. During the September 2005 quarter, EYI fully retired the debentures. Also during this quarter, EYI entered into a loan for $1,000,000 with Cornell Capital with weekly repayment dates.
Cash Used in Operating Activities
Cash used in operating activities for the nine months ended September 30, 2005 was $733,168 compared to $682,512 for the comparative period in 2004, representing an increase of $50,656 or 7%.
Cash Provided by Financing Activities
We have continued to finance our business primarily through private placement sales of our common stock, exercises of stock options, short term loans, conversion of accrued liabilities into stock and through increases in our accrued liabilities and accounts payable. Cash provided by financing activities for the nine months ended September 30, 2005 was $694,044, compared to $660,701 for the nine months ended September 30, 2004.
Financing Requirements
Our consolidated interim financial statements included with this Quarterly Report on Form 10-QSB have been prepared assuming that we will continue as a going concern. As shown in the accompanying financial statements, we had negative working capital of approximately $2,274,255 and an accumulated deficit of approximately $9,481,000 incurred through September 30, 2005.
Our current sources of working capital are sufficient to satisfy our anticipated current working capital needs. In the event we do not receive further financing from our arrangements with Cornell, we will be required to seek additional financing to fully implement our business plan. We may not be able to obtain additional working capital on acceptable terms, or at all. Accordingly, there is substantial doubt about our ability to continue as a going concern. We anticipate that any additional financing would be through the sales of our common or preferred stock or placement of convertible debt.
We presently do not have any arrangements in place for the sale of any of our securities and there is no assurance that we will be able to raise any additional capital that we require to continue operations. In the event that we are unable to raise additional financing on acceptable terms, then we may have to scale back our plan of operations and operating expenditures. We anticipate that we will continue to incur losses until such time as the revenues we are able to generate from sales and licensing of our products exceed our increased operating expenses. We base this expectation in part on the expectation that we will incur increased operating expenses in completing our stated plan of operations and there is no assurance that we will generate revenues that exceed these expenses.
OFF-BALANCE SHEET ARRANGEMENTS
We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.
Critical Accounting Policies
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results may differ from those estimates.
Our management routinely makes judgments and estimates about the effects of matters that are inherently uncertain. As the number of variables and assumptions affecting the probable future resolution of the uncertainties increase, these judgments become even more subjective and complex. We have identified certain accounting policies, described below, that are the most important to the portrayal of our current financial condition and results of operations.
Accounts Receivable and Bad Debts
We estimate bad debts utilizing the allowance method, based upon past experience and current market conditions. At March 31, 2005 and December 31, 2004, we recorded allowances of $19,853 and $16,321 to cover accounts receivable balances over 60 days.
Inventory
We record inventories at the lower of cost or market on a first-in, first-out basis. Our product inventory is reviewed each month and also when the re-order of the product is necessary. On a monthly basis, our inventory is reviewed based on the expiration of our existing inventory. Product that has a shelf-life of less than 60 days is written off or discounted. A re-order review consists of an evaluation of our current monthly sales volume of the product, cost of product, shelf-life of the product, and the manufacturers minimum purchase requirement which all determine the overall potential profitability or loss of re-ordering. If the re-order of the product has an assessed loss, then the recommendation to management is to remove the product from the product line.
Restricted Cash
Restricted cash includes deposits held in a reserve account in the amount of $100,370 and $100,248 at March 31, 2005 and December 31, 2004 respectively. Such deposits are required by the bank as protection against unfunded charge backs and returns of credit card transactions.
Revenue Recognition
We are in the business of selling nutritional products in two categories:
dietary supplements and personal care products. Sales of personal care products represent less than 5% of the overall revenue and therefore are not classified separately in the financial statements. We recognized revenue from product sales when the products are shipped and title passes to customer. Administrative fees charged to the Independent Business Associates are included in the gross sales and amounted $41,096 and $67,500 for the three months ended March 31, 2005 and March 31, 2004 respectively.
http://biz.yahoo.com/e/051121/eyii.ob10qsb.html
Jeez, I didnt think it looked THAT bad. took a big hit today. it has to triple from here for me to break even, yet i bought a little more. I guess i'll never learn.Any other suckers/dreamers/prognosticators still holding?
Bob
i'm still in,in fact i had a buy order at .03 that wasn't filled. we'll make money on this,if not this year,then next.
I am still holding too. It might go down to 2-3 cents in next a few days/weeks. I will buy more if they goes down more.
Looks like the possibility of price action heading back to the all time low of .021 isnt too far out of the question afterall.
Price action made a downside breakout of the wedge on heavy volume. Looks like momma bears back from vacation and shes pissed :o
-fousc
China must order Blue Code right now. News from CNN 11/22/2005
Water cutoff sparks China panic
http://edition.cnn.com/2005/WORLD/asiapcf/11/22/china.water/index.html
Heck -
I took Davids word to the wise and liquidated all the pennys cept some HQSM and the EYII -
Not much left to loose in the EYII - but I have this moment of brilliant thought where I see network marketing of blue clean water pitchers by a lot of industriious - enthusiastic - motivated Chinamen - making money and cleaning up the drinking water.
I recon that this might take a little time becausin lead arsenic is kinda like microbe killer - it affects the brain - like wood alcohol sort of - ya know what I mean? and EYII might drop down to about .00? - - BUT NO NEED TO GIT ALL HANG DOG ABOUT IT.
Disclamer = I know about China mostly from eaten at Mr. Woo's China Garden and animal shelter - I asked Woo and he won't drink bad water.
/
Hello,
Sold EYII.OB @ $0.034
(Please read David's last article: «Current General Market Overview (http://www.3stocksonfire.org/trading/index.php?topic=3785.0)» for details)
best regards !
Did everyone sell their EYII? Is there no recovery of the pps in site? No run anticipated?
In Davids thread where he says why he sold off all the pennies, he said:
I've been watching the homepage and seeing the penny stock portfolio heading down, and EYII.OB is not letting me sleep, even though I have little money in it, it's not about the money, it is that I was dead wrong and didn't correct the mistake !!!!
Does everyone still agree that EYII does not have a very promising future in terms of its pps rising from these lows?
And advice appreciated :D
thanks very much
and good luck to all
julia
I did not sell off my pennies with David. I don't see the use in taking a loss now and then buying them again in a couple of weeks when everybody perceives the Bull market to be over :P. In case of GZFX f.i. I'm happy I did not and followed my own instinct. Pennies need more time!
So I also held on to EYII. I've said I'm going all the way now. Either I lose it all ($ 1.000,-) or still gain nicely ???. We'll see. I'm down 60%.
I don't think TA's are of any use at the moment. EYII needs some results and as long as those are not there it won't go up significantly is my believe.
Amarens
I am afraid to say that eyii might be heading lower because of the lawsuit filed against Hydroflo late Wednesday. Check the headlines under Yahoo - http://biz.yahoo.com/iw/051123/0102240.html.
I wonder if EYII has a backup plan if HYRF is forced out of business. If not this could be bad. I do not want to be overly pessimistic. I was not able to see David's plan to sell all the pennies on Wednesday. I just hope EYII does not go lower but I am afraid it might. For those of you still holding EYII, what are your thoughts on this lawsuit against Hydroflo? If EYI does not have a backup plan, this deal with CEIEC could go bust.
Guys, put on your seat belts. Dont even think about selling if you only have 1,000 in it. I have more, but that is beside the point. This is the reason to only put 1,000 in it. so it does not make you cry when its down 50% or more. Fellows, penny stocks go down 75% and go up 200% often so stop worrying. once they start talking reverse splits, then its ok to worry, but for now, the only thing you will need is time.
For the love of god, look at its past, Its been here before. and it likes to shoot up 200% quarterly. So stop already. sell for a 65% loss or just forget about this one awhile. it might go to .02 sure, just forget about this one for a while. IF and when its back at .15 you wont care if you bought this at .02 or .06 just having this guy green will be nice. Fasten Up.
We appear to be approaching the low of 5 months back. Good reentry point ?
I'm still in. Taking a beating! All i have in is $1,100 invested @ .11 and .09. I'm holding. I'd love having a $1,100 invested at this level.
I'm taking a HUGE beating. Volume has been fairly small recently yet it's being driven down. Can anyone explain this other than the obligatory "thats pennyland for you". There was even a huge story about a chemical spill in china and it just slides further. Help me Obi Wan your our only hope.
Bob
I would love to add more, but honsetly I would wait. Its going down down down. Why buy and see red from the start. Like i said, hold tight. if it hits 2 then i might even add more, but i dont think i can stomach that % in 1 penny stock. But this is not the first time i had to wait out a penny. and like i said when it is at 15 cents it really wont matter if you bought it at 2 or 5. and it will go up again later then sooner so dont worry to much. If you look it has some spead bumbs to over come, time will tell.
Quote from: puenthouse on November 29, 2005, 01:55:32 PM
I would love to add more, but honsetly I would wait. Its going down down down.
I agree with puenthouse (applauds). Never buy against the trend. Wait for a reversal, then buy. EYII is really taking a beating, Im happy i got out at .05 ;D.
Though price action is approaching the all time low at .021 and an entry point could be upon us in the near future. The descending trendline is still yet to be broken and im still watching closely to possibly fill a new position. Today was an ugly UGLY day for EYII. A solid retracement on heavy volume which suggests that price action is going to continue to head south. Lets see how that .021 all time low holds up for support.
RSI dropped below 30 back in late april when it hit the all time low and it has dropped back below 30 now while approaching the .021 area. A good entry point could be a break of the descending trendline along with a upward cross of 30 of RSI.
Good luck to all who are still holding through this mess :-X
-fousc
I also got burned in EYII... bought @ .10 sold @ .0850 ;) ...so lucky i got out (that's the good thing if you got trading plan (cut the loss) ;)
Now, i'm here again in EYII..hoping to get my money back with interest :D
Good job fousc :D (APPLAUD)
Heck:
I know a lot about taking losses - a investor can buy at 10 or 2 and still loose 100% either way. But - - this don't look like the time to be closing out - - -
I ran into Mr. Woo down at the animal shelter getting a bag of cats - and I asked him -- Woo --- do you like dirty water ----? --- and Woo said ===== No! No rike.
ok.. I guess what AMEP taught us about bailing hasn't stuck.. I hope you all are making the same mistake again by dumping all your shares at the nastiest low imaginable.. but now that the despair and hopelessness seems to have set in to some sort of culmination point I wouldn't be the least bit surprised to see this thing take off to 15 cents or more now that everybody seems to have passed on their shares. Not much different then AMEP?
Hey the little bugger was even Up 23% today.. not much to write home about when I'm 100% invested at an avg of just over 10 cents a share, but you got to start somehwere? right ;D
CodeBlueWater website translation complete. CEIEC link provided!!!
http://www.codebluewater.com/chinese/index.html
any one lucky enought to buy at in the low 2's and make a little money of this wing wong stock. Trunk, did i read that correctly? you are 100% in this guy?
Jeez, I just what to make people feel a bit better if they are sweating on EYII (or in fact looking for an entry). Shareholder meeting is Dec 2nd I believe so something will happen to the stock price as a result of that I am sure, also the order news timeframe is in mid Dec or so that will also come into play.
What is a Kangaroo Tail pattern: http://www.bwts.com.au/download/redir/200007.pdf
Nice analysis Aussie, I can always count on you to throw in that weekly chart analysis ;D (applauds). Gotta love those kangaroo tails! Dr. Alexander Elder the author of "Trading for a LIving" and "Come into My trading Room" was a big fan of them as well, As well as weekly charts. Im curious do you trade with his triple screen system?
For Daily chart analysis i stated the other day that a good entry point may be a break of the descending trendline and a cross back of above 30 on RSI could be a good entry point. Both of those situations just occured and along with Aussietraders weekly analysis and the bullish kangaroo tail, which is basically another term for a hammer candlestick, this is looking to be a pretty nice entry point IMO :).
Good luck fellow traders!
-fousc
hey guys! i am back at 0.036...lets see what happens ! something is cooking... :o
Bought more today doubled down. We have a bid!
Chasing it all morning. Holding tight till .15. Sooooo
happy it's green.
just FYI:
http://www.codebluewater.com/chinese/index.html
:o
congrats to all new investors >:D
no money left today for reinvestment :'(
i wanted so bad to get more money in yesterday at .025 just to bring my avg. down, oh well,
at least i can take the barrel of the revolver out of my mouth and use it for typing again.
Lets keep this train rolling right on through breakeven county on right on to greensville.
bob
if only i would have followed my own reccomendation i would have been up 50% by now............................... Oh well.
Good luck everyone!! :D
Ya...i missed it to...i had a buy order in at .033 and then thought...hmmm..what if its just trying to fake me out...let me wait a bit more, as it still may turn and actually hit the .021 low...but instead, i just kept seeing it inch up....darn it! ;D
So, Fousc...where is it going...is it too late?...perhaps it really is going on a long northbound trip ??? Or am i just too hopeful? :) Fousc! I can't believe you didn't get in...you pretty much called it!...you have your exorbitant jail bills to pay off ;D
I have to give Supergeek an applause...because all his comments make me laugh everytime when sometimes you feel like crying :)...you're hilarious :D ;D
Quote from: supergeek on December 01, 2005, 04:24:56 PM
i wanted so bad to get more money in yesterday at .025 just to bring my avg. down, oh well,
at least i can take the barrel of the revolver out of my mouth and use it for typing again.
Lets keep this train rolling right on through breakeven county on right on to greensville.
bob
Good job to all those that got in below or just above .03 zone! Nice! And good luck to all those who are still holding their bags...i hope it gets there soon for you all :)
Oh..and an applause for Fousc to for making a nice call ;D
thanks
julia
Well cheers, i hope this is it. But for all you guys that were pulling your hair out early this week, here is your exit strategy. Something is going down, well up in the stock sence. Im not trying to act like i have a clue what this company is doing, but with this stock, just look at its history. Lets sit back and let this take us up. Like i said, as long as it is green we will all be happy.
Well with all the attetion about the polluted drinking water there should be plenty of hype in the near future.
In fact I read in today's local newspaper where there is now a second chemical spill at a different location in china , this spill happened several days ago but since the media is more controlled in china they decided to wait a couple of days to release the news so that they could take measures to control the situation I guess so people wouln't panic.
Im looking for a target of .10 minimum ; - )
congrats to all in EYII. But, do be careful... what is that saying? even a dead cat will bounce if you throw it off a 20-story building... or something like that (of course it isn't true, I've tried it... heh, as one of my cats rests on my lap). I'm not saying it will go back down, but be careful about using an argument of "it was up before, it will be up again." This may be the case with most stocks which still have charts (!) but there are plenty you don't see that didn't go up again. Burned once, ok. Burned twice, not good. [Hopefully recent EYII holders won't be burned twice] Burned 3 times - time to start thinking - maybe there is a reason it is burning you.
Heck:
Whats dead cats got to do with it ----- Chinese --- is that it?
Kung-Pow Meow?
Cats don't bounce when dropped from 200 feet - they make a dent in the dirt.
I asked Mr. Woo about Eyii -- I said Woo ---- look at this Eyii ---- 3 cents ---- are you sure your not liking to drink dirty water-- or what? ----- and Woo said ---- Get Rost you Rooser --- I seen Woo has a cement pond out back of his house ------ with real clean water ----
So I bought more at .032
-----
Are they still planning to authorize a total of one Billion shares this week ? 700 million new shares.
.064!
Going up! I hope it maintains util i am even at .08
thanks eyii yesterday in 0.036; out today 0.055 = 53% gain ......thanks aussie and fousc for their important work!!! applaud (head up fousc it happened to me before)
had to take profits....didnt take 2x100% profit in sept/okt.. with eyii..got small winnings so i learned to take profits...as long we got no news good or bad i want to be on the safe side.
Nice work--53% in less than 24 hrs.
Hope you kept a little, it looks like we're
just leaving the station. Can't blame you
for taking profits. Turn and burn EYII, holding
tight, MM appears to be out of juice on the sell side.
We'll see. Any news?
Wow that was a quick ride. everyone still on? did we lose any of you guys that did not buckle up?
Ya had to sell some for profits too. Buying this sucker down worked out this time. GOt to take the knife out of my hand. It was scary when it was getting close to .02. but as long as it has not broke records, it still had a stopping point.
Nberski, you crack my ass up. You are a redneck genius.
Are they really diluting this company this week?
Well one has to keep some in this stock. Even if it goes down, we know this is a chart stock, history is repeating itself, and yes even if this stock is a dead cat, the cat will bounce a couple of times. Go long and forget this stock, buy on the down and sell on the way
Heck:
I was keeping a close watch - --- watching real close ---- keeping still ----
Just watchen ---- I swear I saw a million share order slime through at about a minute after everything got quiet around 16:01 ------ Did anybody see that ---- or do I have to talk to Clem about his quality control on the adult refreshments.
it was on a down tick too.
Shucks: Puenthouse - thanks for the compliment -- don't hurt yourself laughing or nuthing.
and a very big Thank you to you for your service - - - and that is for sure --- my boy Jake spent 14 months over in Iraq = on the ground sort of = in the triangle = got back.
If anything happens to you - I am gonna be ----- pissed! So watch it. If you see anything in the road that looks funny ----- shoot the hell out of it ----- we ain't gonna run out of bullets.
Gods Speed Puenthouse
QuoteQuoting Nberski: I swear I saw a million share order slime through at about a minute after everything got quiet around 16:01 ------ Did anybody see that
Date Time Price Bid Ask Volume
12/02/05 16:04:49 0.054 0.051 0.053 1,050,000
Here is that transaction, don't know what to make of it, price went through above Ask price, which means nothing really as it was transacted after the close.
I guess Monday we will find out some more.
Triangle? You mean the Sunni one? ANyways I dont see the big deal in the 50,000 $ order? why are you guys discussing it? what is the issue? hey, isnt this alot better then last friday ;)
Pennies, got to hate er, love em
Heck:
I guess Clem's cider is not tainted after all.
Good or not ----- I don't know ----- but the time ----- and the size relative to the days volume ---- and this being the day of the big powwow ----- ....... sets me to thinking ----------------------------------------------------------------------------- * somebody bought a whole bunch of shares and that is good.
Sunni ---- yep ---- lived in a big old mig hanger ---- flight engineer on a Chinook ==== real good mechanic - yep --------------------------------------------------------------------- ha!
bolted one of Sadam's lounge chairs on the tailgate for a gunner to sit on ---- tacky green velvet lounge chair out of the Sadam airport but it looked pretty sporty for sure.
I had the control panel out of a mig 21 hooked up in my buick.
--------------------------------------------------------------------------------
Well guys I've been looking over eyii this weekend, including all the post and charts. I think we might get our pop. The stock gapped Friday from the previous close. A small gap, but would it be hard from here to fill back down to .047 at the open then burn this baby higher? The strong Resistance looks like .072, .095ish-10. Major Resistance at .16, .19.
The moves from the previous lows to their tops averages close to .085 cents. Add this to a previous low of .024 and we get up to .11 give or take a few pts. Still a double from these levels.
Additionally I think that options and free shares have been reduced and or converted (the old amep argument). The decision to expand the authorized shares doesn't necessarily mean dilution of the float (short term). Insiders still have majority stake, right?
I feel like I'm rambling (border line pumping), but after such a long and systematic shake out, all the skepticism, all the smoke and mirrors, I believe there is a deal. It is possible that it turns out even better in future for eyii than anyone can expect. Code blue is one product, one deal, albeit a big one. There may be a window here for a big gain before they decide how they are going to allocate more shares.
So, if anyone feels like adding TA or opinion, please. I especially like FOUSC's charts. Anyway my plan tomorrow is to add more with a limit at .047, with the intention to sell that position with a double.
« Last Edit: Today at 03:10:01 PM by shipdaddymac » Report to moderator 67.121.224.99
Heck:
It turned cold here ---- and eyii went down -----
I was not about to bother Mr. Woo for a while - but - I was going to town for a load of chicken feed - passing by the Humane Society - when I seen it -------- Woo -------
-----------EATING YELLOW SNOW !! ----------------------- Yes.
I said - Woo - eating yellow snow ain't clean - and Woo said --- not rellow snow ---- remon ice --- you crod hopper!
So - Eyii is still O.K. for me.
POP alright, hope some of you guys got to shed some of those shares FRI. Stay the course!!!GL
Puenthouse
EEwww that was stinky. Guess I need to pay more attention to support
levels, .037 was a much better buy than my .047. Nice hit to my account, but fortunately Nvax and Hqsm are performing better today balancing out the equation. Gotta see it to believe it today. Another intraday gap the other way, right after I got filled. Smells like mm manipulation, or a dead kitty. Still have my shares though, sittin on a 45% loss. Doesn't pay to be zealous. Day isn't over.
I got the shaft today too. Liked the way it looked on a come back so placed limit oder @ .049. It was trading around .053, hoped for small pull back then resume upward move. Left computer for 30 min came back trading for .0333 @ 10:30. No execution so tried to cancel order. Came back rejected, but never got confirmation of buy. It had movedback up to .045, still no confirm either way. At 3:55 call my branch mgr Scottrade he'd check out his trading floor said no trade. Later 4:01 came back bought @ .049.
I agree mm playing games.
Just hope in long run turns out to be a good buy........luck to all and MERRY CHRISTMAS & HAPPY NEW YEAR.....TD ???
I feel your pain. It's gappy. There is definitely some kind of supply/demand imbalance in this price range. Eyii could have run to fast for the mm. It could be the mm needs the supply, sure seemed like there was enough buying interest. My chart looked like mostly buying today (could be wrong). And- what's up with that big trade at the end (covering? or new money?), how bout' your fill after hours (crowded order book?, missed fill?, convenience?)? My last trade on my ecn showed .042, but the level 2 ask was at .038. Things are not what they seem, more smoke and mirrors. GL
fyi:
;)
http://www.agoracom.com/nonmemforum/msgreview.asp?id=435526&refid=0&orig=435526
Dear EYI Investors,
EYI Industries (EYII – OTC:BB), (http://www.stopdrinkingpoison.com /) in conjunction with AGORA Investor Relations, is pleased to present EYI investors with this latest corporate update. Within this corporate update for EYI, we will be giving you an in-depth look at the following topics:
• Contaminated Water in China
• What is Arsenic?
• Health Effects
EYI Industries Inc., through their subsidiary Essentially Yours Industries, Inc. (EYI), markets products that promote health and well-being. Recently, EYI launched a consumer product that removes Arsenic and other contaminates to a negligible level from drinking water. The portable water filtration product's name is Code Blue™ and is exclusively provided to EYI. In addition, EYI sells dietary supplements and personal care products. A large portion of their sales are from CALORAD®, a liquid protein supplement that has brought weight loss benefits to their customers. More than six million bottles of CALORAD® have been sold since EYI was founded in 1995. Their newest product, PROSOTEINE, is experiencing similar success to CALORAD® and bringing their customers the benefits of a natural Energy drink.
CONTAMINATED WATER IN CHINA:
Over half of the population of China consumes water that fails to meet minimum quality standards, and China has several times the rate of liver and gastric cancers as India, according to a new study by the World Resources Institute.
In the last 40 years China has transformed itself from a rural economy to an industrial giant with a significant presence in the world economy. This rapid transformation has fuelled economic growth that easily outpaces that of most developing countries. China's rapid economic development has exerted a significant toll on its natural resource base, particularly water resources. Inadequate investments in basic water supply and treatment infrastructure have resulted in widespread water pollution. In China today approximately 700 million people--over half the population--consume drinking water contaminated with levels of arsenic, nitrates, animal and human waste that do not meet minimum drinking water quality standards.
A study says it will cost billions of dollars for cities in China to upgrade their water treatment systems to meet tougher new standards. China's new drinking water standards, launched in June, increase the number of forbidden water pollutants from 35 to 101.
Some 700 million people are drinking unsafe or harmful water because more than 70 percent of China's rivers and lakes are polluted
China aims to bring the quality of tap water up to par with European drinking water standards in the next couple of years.
WHAT IS ARSENIC?
Arsenic poisoning is more often thought of as a topic for a mystery novel, but it is a grim part of our global reality. All across the world there are over one hundred million people slowly being poisoned by their only available water source. Most recent and devastating problems with contaminated well water were identified in India. Arsenic tainted water can be found in as far reaching places as Thailand, Japan, Australia, The United Kingdom, Inner Mongolia, Hungary, Chile, China, Argentina, Taiwan, Ghana, Mexico, Philippines, New Zealand, and Canada. This is not only a problem for distant lands, contaminated water occurs in the United States as well, in areas such as California, Washington, and Oregon.
Arsenic is a naturally occurring element in the earth's crust. Pure arsenic is a gray-colored metal, but is rare in the environment. Arsenic is usually found combined with one or more other elements such as oxygen, chlorine, and sulfur. In combination, such arsenic is referred to as inorganic arsenic. Arsenic combined with carbon and hydrogen is referred to as organic arsenic. The organic forms are usually less toxic than the inorganic forms.
HEALTH EFFECTS
Large doses of inorganic arsenic can cause death. Arsenic is a known poison and a known carcinogen that has been shown to cause skin and lung cancer. It also may damage a developing fetus and should be handled as a potential teratogenic agent (causing developmental malformations), as some arsenic compounds are known teratogens.
Oral exposure to inorganic arsenic can cause digestive tract pain, nausea, vomiting, diarrhea, decreased production of red and white blood cells, abnormal heart function, blood vessel damage, liver and/or kidney injury, and impaired nerve function, causing a ''pins and needles'' effect in the feet and hands. Oral exposure to inorganic arsenic can also cause a pattern of skin abnormalities, including the appearance of dark and light spots on the skin, and small ''corns'' on the palms, soles, and trunk, which may ultimately progress to skin cancer. In addition, arsenic ingestion is reported to increase the risk of cancer inside the body, especially in the liver, bladder, kidney, and lung.
Skin contact with arsenic can cause burning, itching and a rash. Breathing arsenic can irritate the nose and throat; eye contact can cause red, watery eyes and irritation. Long-term exposure can cause an ulcer or hole in the ''bone'' dividing the inner nose, hoarseness, and sore eyes.
CONCLUSION
EYI has recently entered into an agreement for the sale of an undisclosed number of Patented Code Blue(TM) Water Filtration Systems over a 2-year period in China. China's large rural population and poor infrastructure in those outlying regions have created a huge demand for the Code Blue(TM) system which will facilitate the removal of harmful toxins from water, making it safe for human consumption.
If you would like to provide commentary or pose questions related to this interview, you may do so now by linking to it on the EYI Industries Investor Discussion Forum at http://www.agoracom.com Alternatively, you can e-mail your questions directly to AGORA Investor Relations at
[email protected] For more information about EYI Industries Inc., please visit the following web sites:
Corporate Web Site: http://www.StopDrinkingPoison.com
Investor Relations Web Site http://www.agoracom.com
Yours truly,
AGORA Investor Relations Corp.
Heck:
"Corporate up-date " ------ ?
That read more like a playbill for a medical freak show - - - - I got passing grades in reading you know -- I would be lliking to read about how they plan to market the water filter - - and snake oils ------
- - get network marketing going in China and --- wow ---kung-pow-meow --- look out!
Now -- about the medical freak show -- talking about internal medicine and the ill --- yet subtle effects of arsenic poisoning --- AINT GONNA DO IT !
They need to get Little Fuzzy Hatfield - - - - Cleetus Hatfield's boy --- as a poster child --- ---- with his lip fungus ------ we will get something going....
I will be thinking ....... . . . . .
Hehe, he said lip fungus! Awfully quiet today. Stock saying, hmm hmm hmm,
nothing going on here. mmmm k.
Daily and 5 day
daily
Today's finish gives a bullish signal. If it trades up tomorrow, it will be higher lows and that will mean a new bull reversal.
Keep a close eye on it.
Thanx Shawfund,
Some of us need some positive thinking from others.
A slow steady rise to .041 would be nice.
10 days chart
it seems we are moving up on the trendline if we hold today i will re enter ;)
Here's the purchase Plan again
Fiscal 2006 (US$42,000,000)
---------------------------
Q1 = US$700,000
Q2 = US$2,800,000
Q3 = US$14,000,000
Q4 = US$24,500,000
Fiscal 2007 (US$168,000,000)
----------------------------
Q1 = US$31,500,000
Q2 = US$38,500,000
Q3 = US$45,500,000
Q4 = US$52,500,000
Bottom still held. Did your trend line? Shaw? ket?
EYII FACT SHEET:
http://www.agoracom.com/brokerfactsheet/eyiibfs12.pdf
;)
Eyii jumped into plus in the last seconds mm manipulation with 5000 shares:) We also jumped back on the trendline....mm tactics...0.037 looks good
daily
Heck:
I was thinking again ......... ..
Then I started pondering
I wonder --- The "corporate update" was a disertation of malidies caused be drinking bad water. And the Chinese internet page is a big scary poison sign - so How is Code Blue and
the other beneficial suppliments gonna be marketed - in China.
Is it gonna be a traveling medicine show - with freaks and all OR
Is it gonna be a network marketing system maybe with something like tupperware parties.
Or is it gonna be like the POPIELD POCKET FISHERMAN like RONCO products used to be.
Maybe is it gonna be like the George Forman grill only with some Kung Fue guy
Or some as yet unknown exotic ancient Chinese martial art TV infomercial.
Have the Chinese discovered network marketing - because if they are new to this - we could be sitting on a gold mine.
Eyii is just fermenting now ( hope it is a good batch) - - - waiting for news ---- the true test will be the second order.
All by mysellllf. I wanna be all by my sellllf.
Darkest before the Dawn?
Nice Long Doji--possible bottom-
I have a little EYII, why sell now your not by yourself
Quote from: shipman on December 14, 2005, 09:34:14 PM
Nice Long Doji--possible bottom-
Thats actually a bullish reversal hammer candle shipman ;) Could be a rally today?
-fousc
It sure feels like the long road to China. By the way, Fousc, nice pick on the contest board good luck bro. Just want to say I like keeping up with your work, it's gonna pay off, if it already hasn't. I appreciate the input. Intraday not too promising as of 13:26. If this thing does reverse, could be set for another golden cross. The chart above shows the iron cross happening. But if it does reverse and another golden cross is imminent, we're talkin parabola........Gotta go, late.
http://biz.yahoo.com/pz/051024/88401.html
www.ceiec-sc.com
This smells fishy
I send a e-mail to Ceiec what happened is:
This is an automatically generated Delivery Status Notification.
Delivery to the following recipients failed.
[email protected] There are many other ceiec websites in the web....
http://www.ceiec.com/english/index.asp
Email:
[email protected] (e-mail adress ending different, strange) ???
I'm out ---too painful--Chinese water torture should be the name of this stock. .....I'll think about buying back if we can get some confirmation of trend reversal. It sure looks like an exhaustion, I know I am, but I can't be sure with the TA on this puppy. I will be monitoring closely.
Looks like I was premature as usual. Right after that sell the stock gets a bid. Makes me wonder if the mm watches this board. Luckily the position I sold was small. My .047 position was a 53% loss. Looks promising for Monday. I'm not totally out but dizzy, almost sick.
News on the PO needed, and this pig might fly.
2 Million shares were bought 10 min. before the close :o
Monday will be interesting
TA: Hammer was formed today:
http://www.stockta.com/cgi-bin/analysis.pl?symb=EYII&num1=1&cobrand=windchart&mode=stock
&
http://otcbbtrader.com/portal/goto.dll?cat=1100&ticker=eyii
regards
Oliver
To Monday
Quote from: la-onda on December 16, 2005, 04:36:06 PM
TA: Hammer was formed today:
http://www.stockta.com/cgi-bin/analysis.pl?symb=EYII&num1=1&cobrand=windchart&mode=stock
&
http://otcbbtrader.com/portal/goto.dll?cat=1100&ticker=eyii
regards
Oliver
A hammer was also formed on wednesday though was followed by a retracement. We'll see if this second hammer does the trick ;) For more info on candlestick patterns www.candlesticker.com (http://www.candlesticker.com) is a great free site. I myself just starting researching candlestick patterns, Soon to read "The Candle stick Course" by Steve Nison. Though i have to wait until the 25th to start reading it, as its a xmas gift from my mommy :D
And by the way La-Onda, thanks for the link to www.otcbbtrader.com (http://www.otcbbtrader.com) its a really cool site(applauds). I use www.allpennystocks.com (http://www.allpennystocks.com) and www.smallcapcenter.com (http://www.smallcapcenter.com) to research my OTCBB's. Glad to ad a 3rd resource :D
Price action formed another little baby descending wedge, breakout on monday in light of that low reliability hammer candle? We'll see, volume was back up today.
-fousc
Another good site for pennies: http://www.purepennies.com/otcbb_news.shtml
...and candlesticks: http://www.chartfilter.com/candlesticks/candlesticks2.htm
I added more at .027
Aren't we supposed to start seeing some orders in Dec?
Jody
Not a bad day. No piggies
LOOKS LIKE EYII is still alive :) Newsletter from 16 dezember!
http://www.eyibusiness.com/ee/EE16-12-05.pdf
2005-12-21 08:00:59
EYI Ships Code Blue Units >
BURNABY, British Columbia, Dec. 21, 2005 (PRIMEZONE) -- EYI Industries Inc.
("EYI") (OTCBB:EYII), (http://www.StopDrinkingPoison.com), a marketer of
products that promote well-being and a healthy lifestyle, is pleased to announce
that it has commenced shipment of 6,000 Code Blue water filtration units,
consisting of pitchers and filters to its distributors and customers in the
United States. An additional 1,000 Code Blue water filtration units will be
shipped to Canada for our Canadian distributors and customers.
The EYI sales team has secured orders for approximately $490,000.00 worth of
Code Blue systems at manufacturer's retail value. The units were merchandised
and branded, including both a custom designed Code Blue pitcher, patented
arsenic removal filter and a counter to monitor the correct use and replacement
of the filter, training inserts and Convenience Auto-Ship forms.
CEO and President, Mr. Jay Sargeant stated, "This is a truly exciting moment.
The pre-market testing of both the product's marketability and customer
satisfaction has been incredible. Our distribution channel and customer base
loved the test Code Blue units and we anticipate they will be very pleased with
the finished units." Mr. Sargeant continued to say, "Many who used the test
units found them simple, convenient and cost effective. Our sales team is ready
to expand the market in the months ahead. We continue to see the repeat filter
sales as the jewel in the crown of this Code Blue marketing campaign."
This press release is available on the company's official online investor
relations site for investor commentary, feedback and questions. Investors are
asked to visit the EYI Industries IR Hub located at
http://www.agoracom.com/IR/EYI . Alternatively, investors can e-mail AGORA
Investor Relations directly at
[email protected].
if I use level II to watch EYII, I saw a lot of MMs are playing EYII. does anyone know why MMs want to play this kind of penny stock?
thanks
:)
Nice volume but the PPS slid consistantly from the early morning high. Anyone have any thoughts? Is this a good entry point? Thanks in advance.
My disgruntled thoughts on this is that there is no good entry point. I regret having bought in when I did, and now having lost 80%, can only hope for a minor miracle and be glad I did not invest heavily.
Prfsr Hal
Dead Money!! Stay Away. Be very afraid. How's That?
And im back in :D
Filled a position today at .026 with 54k shares. Im hoping not to see it drop below .26 again. Its up after hours another 1.8% on a whoppin million shares. Great news that they shipped out their code blue products, Though pps hasn't reflected to well in light of the.
TA:
Price action seem to be shaping up fairly nicely creating a symmetrical triangle and a short term bullish trend reversal has formed as well, and better yet, volume has been picked back up. I'd like to see that trend line hold up which stands at .0262 for tuesday.
-fousc
great decision fousc...i am also back in since this week....:)
this penny stock has a weekly newsletter ! (show me another penny that is doing this)
www.eyibusiness.com/ee/EE16-12-05.pdf
www.eyibusiness.com/ee/EE23-12-05.pdf
Watch the commercial video of code blue and the radio spots. Sounds and looks professional.
www.stopdrinkingpoison.com
Watch this pictures of code blue and whats written on the package for example "made in china" and so on :
It s a slow homepage so wait a bit until the code blue pictures are loaded. First you see houses wait a bit to see the posted pictures of code blue
www.mountain-properties.net/
A post from jcrom from another board:
A couple things to think about...
First, the Shares Issued and Outstanding, FULLY DILUTED, have not changed since David first profiled EYII. The shares escrowed for Cornell have always been included in the Issued and Outstanding. The contract amounts and the share count have NOT changed.
Second, CEIEC will be the exclusive wholesale supplier to every retail entity in China. EVERY RETAILER IN CHINA. And CEIEC has made a very sucessful living by knowing the Chinese market. CEIEC is the FIFTH LARGEST COMPANY in China. CEIEC wants this product.If you do a little research into the size and scope of retail sales in China, you will be as excited as I am.
Third, EYI Hong Kong is setting up shop and preparing to re-introduce it's other health related products to China which, it is my understanding, were once hugely popular there. But this us not related to CEIEC's exclusive agency rights regarding Code Blue. This is another completely different facet of EYI's presence in China.
Fourth, Jay has previously mentioned that EYI is looking to enter markets in other countries in the region. This has been in their business plan for quite some time. You can read it in the previous 10Q. Also, Jay mentioned it in a recent Agoracom interview.
Cornell will be out of the picture as soon as EYI starts receiving CEIEC revenues and has the means to take out Cornell with cash.
This thing is going to happen...I am completely convinced of that.
Good chances to get the CEIEC contract eom. Product registrations and modifications take place at the moment in china. (Agreement was signed in late september)
To the Chart:
0.025 is the bottom line....watch last year when we were in the same region....intraday this could drop more. I ll be ready....this might drop intraday to scare people ....history could repeat...as it many times happens in the stock market. Soon as the news hit this will rock...this is my theory we will see if i am right.
Merry Christmas :o ;D :D ;) >:D
Looks like your theory is correct so far today ket. According to FOUSC's chart this thing could play out till the 9th or so of January. For anyone who isn't in already I would exercise caution, nibble maybe, but wait for the pps to cross the descending trend line on fousc's symetrical triangle above.
Could somebody tell me what the market cap is now, or the shares o/s, I forget. I need something to compare projected revenue to. If I can I'll look it up later, but if anyone off the top of their head could post, it would save a little time tonight after work. Ciao
I thought I would repost this. It answered my question (bad memory) and then some....again.
bigdogs99999
Honours Member
Trader
Rating: 14
Offline
Posts: 62
Make money - I need chow!
Re: EYII.OB deserves a daily update
« Reply #41 on: October 17, 2005, 02:48:19 PM »
--------------------------------------------------------------------------------
Quote from: shawFund on October 12, 2005, 11:49:20 AM
For EYII, better do some fundamental analysis not TA.
One question about the China's deal:
Minimum purchase 4 mill units with $21 million. That translates to only $5.5 per unit.
Am I right on this?
Shaw,
Your question is a good one, and I think there is a fundamental problem of EYII issuing press releases that misstates the contract with CEIEC. The full contract is on EDGAR. The fundamentals are (the contract is quoted extensively below):
1. The minimums for exclusivity are:
"If, in any year, CEIEC purchases fewer than two-thirds of the Code Blue Water Filtration Systems specified in the Purchase Plan (i.e. fewer than 4,000,000 in 2006, or fewer than 4,000,000 in 2007), it will cease to have the exclusive agency rights granted in paragraph 1 hereof, but will continue to be non-exclusive agents of EYI."
2. "The agreed price for each Code Blue Water Filtration System ... set out in Schedule 'A.'" The pricing on Schedule A is:
Code Blue Water Filtration System Water Filter--$7.00 per unit
Code Blue Filtration System Water Pitcher--$13.00 per unit
The contract also says that "CEIEC ... agrees that it shall not re-sell the products for less than the agreed price." That price is not stated. Apparently someone thinks that Chinese law allows price fixing. And it might.
3. There can be a price adjustment of an unspecified amount:
"If, in any year, CEIEC purchases fewer than one-half of the Code Blue Water Filtration Systems specified in the Purchase Plan (i.e. fewer than 3,000,000 in 2006, or fewer than 3,000,000 in 2007), EYI shall be at liberty to adjust the price of the Code Blue Water Filtration System supplied to CEIEC under the Purchase Plan."
4. CEIEC commits to purchase Code Blue in accordance with the following purchase plan:
"Year 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units Total 2006 100,000 400,000 2,000,000 3,500,000 (filter)item 6,000,000 2007 4,500,000 5,500,000 6,500,000 7,500,000 (filter)item 24,000,000 Total: 30,000,000 Code Blue Water Filtration Systems"
Notice that the term "filter" appears in parens twice ... the commitment is to buy the $7 per unit filters. $7 times 30,000,000 units equals the $210,000,000 that is cited as the value of the contract.
5. The purchase requirements are completely illusory:
"CEIEC may, upon reasonable notice to EYI, increase or ... decrease the number of units of the Code Blue Water Filtration System that it purchases under the Purchase Plan, based on its evaluation of market demand in China."
6. The press releases of EYII appear to mix up the requirements to maintain the price and the requirements to maintain exclusivity.
6a. To continue to purchase at the same $7 price, CEIEC must purchase 3 million units at $7 each year. That adds up to the minimum of $21,000,000 that shows up in press releases.
6b. To continue to have exclusivity, CEIEC must purchase 4 million units at $7 each year. That adds up to a minimum of $28,000,000, a number not stated in the press releases.
Some of the above is not the best of news. Like what?:
1. CEIEC has no real minimum purchase requirements.
2. $7 per does not imply a huge profit for EYII. But even if it is $1, that is potentially $30,000,000
3. EYII is not a sophisticated company. There are no excuses for not being able to explain to investors accurately what a contract says. But this point leads to the good news.
The good news is that the press releases do not seem to factor in the sales of the pitchers at $13 a pop. The contract itself is silent about whether EYII will sell or CEIEC will buy any pitchers, but the inclusion of pricing on Schedule A suggests that the parties have discussed supplying pitchers (with no stated minimums) and agreed on a price. EYII could therefore have something that is even better than a $210 million contract, or could have a secondary product to take up some slack if CEIEC does not buy as many filters as anticipated.
What does this mean?
Let's say that all 6 million filters are sold in 2006 at $1 per share profit. Let's say that sales of pitchers are 500,000 at $2 profit. We have $7 million in profits in 2006 which is about 4 cents per share ($7 million divided by 167 million shares outstanding). Obviously, higher margins are more profits. I am just guessing on the profit margin, but 15% for a huge contract to a huge distributor is a pretty decent guess.
Let's say that 2007 is not too optimistic and 24 million filters are sold in 2007 at $1 per share profit. Let's say that sales of pitchers are 2,000,000 at $2 profit. We have $28 million in profits in 2007 which is about 16 cents per share ($28 million divided by 167 million shares outstanding).
All this assumes, of course, that no more shares are issued (300 million are authorized).
If all the above is correct ... 4 cents a share at 10 times earnings would be a 40 cent stock. The other posters who say that those purchase orders need to come in and need to validate the volumes are correct. If throughout 2006 the validation continues, then this could be a really good stock. Hoping from a HYRF reaction may be unrealistic though - and HYRF (I posted there too) has its issues too.
I own a bunch of this one, for good or ill, so good luck to all (or at least to me ). Dave
« Last Edit: October 17, 2005, 03:52:54 PM by bigdogs99999 » Report to moderator Logged
EYI Announces Replacement of Initial Shipment of Code Blue Filters
Wednesday December 28, 8:00 am ET
BURNABY, British Columbia, Dec. 28, 2005 (PRIMEZONE) -- EYI Industries Inc. (``EYI'') (OTC BB:EYII.OB - News), (http://www.StopDrinkingPoison.com), a marketer of products that promote well-being and a healthy lifestyle, announces that the initial shipment of 3,078 Code Blue filters delivered by Metals & Arsenic Removal Technology, Inc. in September 2005 do not meet EYI product specifications. EYI intends to replace all of these initial Code Blue filters commencing in January 2006.
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit the EYI Industries IR Hub located at http://www.agoracom.com/IR/EYI . Alternatively, investors can e-mail AGORA Investor Relations directly at
[email protected].
About EYI (http://www.StopDrinkingPoison.com)
EYI Industries Inc., through our subsidiary Essentially Yours Industries, Inc. (EYI), markets products that promote health and well-being. Recently, EYI launched a consumer product that removes Arsenic and other contaminates to a negligible level from drinking water. The portable water filtration product's name is Code Blue(tm) and is exclusively provided to EYI. In addition, EYI sells dietary supplements and personal care products. A large portion of our sales are from CALORAD(r), a liquid protein supplement that has brought weight loss benefits to our customers. More than six million bottles of CALORAD(r) have been sold since EYI was founded in 1995. Our newest product, PROSOTEINE(r), is experiencing similar success to CALORAD(r) and bringing our customers the benefits of a natural Energy drink.
EYI markets its products through an extensive network of Independent Business Associates. Our sales force is staffed by knowledgeable, experienced men and women and supported by our comprehensive training programs.
The EYI Industries Inc. logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=2202
This press release contains forward-looking statements, particularly as related to, among other things, EYI's product purchase agreements and EYI's business strategy. The words or phrases ``would be,'' ``will allow,'' ``intends to,'' ``may result,'' ``are expected to,'' ``will continue,'' ``anticipates,'' ``expects,'' ``estimate,'' ``project,'' ``indicate,'' ``could,'' ``potentially,'' ``should,'' ``believe,'' ``considers'' or similar expressions are intended to identify ``forward-looking statements.'' Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause EYI's actual results, performance or achievements, or developments in its industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the enforceability of its product purchase contracts in foreign countries, the performance of EYI's staff, management, financing, competition, EYI's ability to implement or manage its expansion strategy, general economic conditions and other factors that are detailed in EYI's Annual Report on Form 10-KSB and on documents EYI files from time-to-time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. EYI cautions readers not to place undue reliance on such statements. EYI does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from the EYI's expectations and estimates.
Contact:
EYI Industries Inc.
Investor Relations
Jennifer Trevitt
(604) 759-5017
[email protected] AGORA Investor Relations
[email protected] http://www.agoracom.com/IR/EYI
--------------------------------------------------------------------------------
http://www.stockta.com/cgi-bin/analysis.pl?symb=EYII&num1=5&cobrand=&mode=stock
Homing Pigeon was formed yesterday!
Homing Pigeon = http://www.investopedia.com/terms/b/bullishhomingpigeon.asp
Not good news...bid is at 0.0255 we might test 0.025 today..
Shipman,
Though I like being quoted, I bailed on EYII several weeks ago. The stench from HYRF was too much for me, and EYII and HYRF are too linked together as the mornings news about product not meeting standard shows. If you still hold, good luck ... I could not stand the pain.
Dave
im thinking about bailing today as well. Im not liking the looks of things here..........
-fousc
Thanks Big dog,
I appreciate your skepticism. I feel it came out in your post. Your post seemed to be the most thought thru speculation, and I thought it might be prudent to repost your thoughts. Thanks for understanding, and I didn't think you were still holding anyway. Looks like we're in need of more than luck here, maybe a prayer.
Could this be the doji we've been waiting for? who knows?
so far we matched 6 months low today that was 0.023. Any thoughts ?
Level 2 showed much buyers at 0.023... . So many mm at 0.02 at the bid....some one explain ? Meantime we recovered.
Thank you for your inquiry. The first batch of filters delivered in August and early September did not fully meet EYI's product specifications in that they didn't properly remove enough of all of the contaminants MARTI said they would remove. Unfortunately, we can not comment any further.
Regards,
AGORA Investor Relations
Well today wasnt too pretty. The symmetrical triangle had a close slightly below the ascending trendline though formed a hammer candlestick wich is a low reliability bullish reversal pattern.
The low of today was met by resitence of the low that was formed on 11/29/05 just before the last rally, as well it retested the top of the descending trendline that price action recently broke through yesterday.
Hopefully tomorrow things will shape up a bit better and bounce off this low like it did on 11/29. If it doesnt. Count me out.
Good luck everyone
-fousc
EYII should attempt to recover with some magnitude either Friday 12/30 or Tuesday 1/03. If it does not, then I am lost on this one.. The potential of CODE BLUE still looks very positive to me and if we get the initial PO that we all want we will have multi-bagger here..
I am looking for a close above .033 (that tells me we have seen the bottom) to add to my position..
My patience is running thin...
This came out today from AGORA (hold the shares eom) :)
Dear EYI shareholders,
In our continuing pro-active efforts to keep investors apprised of the most relevant and timely information on EYI Industries and its target markets, AGORA is pleased to present you with this latest Industry Report which demonstrates the need for a product such as the Code Blue™ water filtration system throughout many parts of China.
In the last 40 years China has transformed itself from a rural economy to an industrial giant with a significant presence in the world economy. This rapid transformation has fuelled economic growth that easily outpaces that of most developing countries. China's rapid economic development has exerted a significant toll on its natural resource base, particularly water resources. Inadequate investments in basic water supply and treatment infrastructure have resulted in widespread water pollution.
In China today approximately 300 million rural residents, one-third of the rural population, consume drinking water contaminated with high levels of arsenic, nitrates, animal and human waste that do not meet minimum drinking water quality standards.
This is momentous as EYI has recently entered into an agreement for the sale of an undisclosed number of Patented Code Blue(TM) Water Filtration Systems over a 2-year period in China. China's large rural population and poor infrastructure in those outlying regions have created a huge demand for the Code Blue(TM) system which will facilitate the removal of harmful toxins from water, making it safe for human consumption.
Regards,
AGORA Investor Relations
To read the entire article, please use the following link:
http://www.shanghaidaily.com/art/2005/12/29/232272/One_third_of_rural_residents_drink_unsafe_water.htm
ABOUT 300 million rural residents, one-third of the rural population, drink unsafe water, a senior official said yesterday.
Of those people, 63 million drink water with too much fluorine, 2 million drink water with arsenic, 38 million drink bitter and salty water, another 190 million drink water with harmful substances and 11 million people in snail fever-affected areas also drink unsafe water, the official said.
Furthermore, close to 22 million people in 318 cities have reported water shortages annually in the past five years due to droughts, said E Jingping, vice minister of water resources. He was attending a national conference on flood control and drought relief in Chengdu, capital of Sichuan Province.
''It's the top priority of our drought relief work to ensure safe drinking water and safeguard people's health,'' said E, also secretary-general of the State Flood Control and Drought Relief Headquarters.
--------------------------------------------------------------------------------
422-- Chinese water torture. Patience..... No use selling today. It could still play out. We're with ya. In deep. I don't think anyone is hurting more than me. This could be my worst investment ever, or maybe just for 05'. Anyway I feel the anxiety as well. Have a great New Year everybody. Don't drink to much Fousc....Ha Ha. See Ya Tues.
Sold today at my entry price of .026, Just losing 20 bux for comissions 8).
Im not liking the way the chart is shaping up here. I may be back in for a 3rd time :o later on down the road if i see something bullish in the chart or some good news comes out to speculate on.
Good luck everyone.
-fousc
For everybody who is still holding this stock:
I do believe that the stock has hit the bottom and be patient. If you have one year time frame, you should see 100% gain from here sometime next year.
For one I am still holding about $500 worth of EYII.OB stock now and I have the patient to hold it for one year or see it double ($0.50).
The weekly newsletter was out yesterday
http://www.eyibusiness.com/ee/EE30-12-05.pdf
My rating hold
Heck:
Shawfund ? Do you mean you expect it to double from .025 to a nickle.
Or do you expect to see .50 -
I do not know about .50 - - .50 is possible - but I expect more than a nickle.
Quote from: nberski on December 31, 2005, 10:11:46 AM
Heck:
Shawfund ? Do you mean you expect it to double from .025 to a nickle.
Or do you expect to see .50 -
I do not know about .50 - - .50 is possible - but I expect more than a nickle.
Sorry, I mean from 0.025 -> 0.05 - 100% gain, not 0.50.
0.50 would be 2000% gain.
just fyi:
Thank you for your inquiry. As per EYI management, please find the correct fundamentals below:
Total Shares Outstanding (fully diluted)
227,149,703
Restricted
130,476,204
Free Trading
94,740,574
Public Float
14,162,492
Regards,
AGORA Investor Relations
http://www.agoracom.com/nonmemforum/msgreview.asp?id=440135&refid=440057&orig=440057
Thanx La Onda--
Looks good 14 mill float this thing is soooooo oversold. I'm starting to sell some other winners. Ready to lock and load if this thing so much as twitches. Yeah right! zzzzzzzzzzzzz zzzzzzzzzz zzzzzzzzzz. Great info though.
what s the difference between free trading and public float ?
I can't believe I bought more. I guess it is just too tempting at these prices.
Go Longs!
going down again... ??? ::)
we might test the year and all time low that is 0.021 (i will buy more maybe)
Thank you for your inquiry. Our understanding is that ''free trading'', is often stock held by insiders not subject to restriction.
The ''public float'', is the portion of a company's outstanding shares that is in the hands of public investors, as opposed to company officers, directors, or controlling-interest investors.
Regards,
AGORA Investor Relations
New products !
http://www.eyibusiness.com/ee/EE06-01-06.pdf
I lost more money with EYII than any other stock in 2005.
Bought some today at .0221 to hold.
If they could just ship something to China !
-Jeff-
going up! ;D
reversal starting today ...off bottom....buy rumor sell the news...i own some shares :) :D :D :D :D :D :o :o :o
I tried to post last night but the site was down. I interpreted a tweezer bottom(yorikiri) yesterday. Short term bullish. Let's get it started up. I own a few sheets too. He he he he. :D Another pick that's just for the followers of this board (for now) >:D SVSE is about to breakout off the bottom. I'm confident on this one, so heed. 8) be cool accumulate, I should say radar it, then we'll let the rest of the boards in on it. Maybe tomorrow. DYDD
Thar she blows!!!!! :o :o
OUT FREAKIN' STANDING ;D ;D ;D
apparently no news - just double bottom?
or some other technicals -
what are your targets;
maybe david will be able to sell at .36 after all :o
nice day!
Nine one day gain (>20%).
Hope that it is not an one day thing.
So patient will get paid.
Not the first but definitely one of the most important requirement to get good return from investing is patient.
Overtrade will kill your return. Buy low and hold for one year or at least 100% gain!!
Only need to make one trade per year to get 100% return.
Got out at .03 yesterday. These people sure can make excuses. The ' Chinese Holiday ' excuse was the worst. And they said 6-8 weeks to engage the Agreement. My I suggest not trusting management. May buy again for a trade only in lower 2's. 30% pops come before news each time. -Jeff-
I didn t like the news.... >:( >:( Sold all shares....uff
It's like they are presenting unsavory news that they have known about for a month. Just when this pig starts to get off the ground. Trying to hold it down or what. I'm not biting. I think it's just another ploy.
From today's news, iyesterday's move may be one day thing and will return to $0.215 level.
But I did not sell since I only invested $500.
May be I should sell it and buy $1,000 on the next dive.
Wild ride today.. lightened up, watched fall, then bounce...Wow. Gnaaarly. Looks as if there's a new sheriff in town, and he owns EYII.
over eleven mio shares traded and a deep red candle.....puhhh
Change of recent trading pattern on Friday. Cornell shares may all be but sold. PO is still out there.. Looks like 50% downside from .02 cts.. mega upside to me.
madge,i agree. i've been buying all the way down to .02. if, it goes to .01, i'll buy more. way more upside at this point. as always,we shall see. soxguy
seems like there is still plenty of time for this one to find its bottom. To me .01 doesn't seem out of the question and could be worth a few dollars in at that time. Until then it seems like we'll be watching a slow burn till some worthwhile news surfaces.
But friday's action looked good, on good volume
if they can deliver something to CEIEC it could be the start of the reversal
with huge possibilities.
but i dont like this cornell stuff, and i dont understand it very well either
gl
???
Probably 0.02 support ???
;D :o
UP 20% - EYII
The following should be a good news. A sales and marketing guru was recruited by the company:
EYI Industries Inc. Announces New Associate
Friday January 27, 9:09 am ET
BURNABY, British Columbia, Jan. 27, 2006 (PRIMEZONE) -- EYI Industries Inc. (``EYI'') (OTC BB:EYII.OB - News) (http://www.StopDrinkingPoison.com), a marketer of products that promote well-being and a healthy lifestyle, is pleased to announce that Lou Prescott has joined both its sales and marketing team and its prestigious Executive Council committee. Mr. Prescott has had success in marketing water filtration. While with National Safety Associates, he built a team of over 12,000 distributors who sold an estimated $65,000,000 in water filtration systems in a three-year period. Mr. Prescott was a member of a select group of distributors and trainers whose expertise in marketing water filtration systems was unparalleled.
In 1991, Mr. Prescott joined a newly created network marketing division of the Rexall-Sundown family of companies, which went public on NASDAQ in 1993. He became president and CEO and guided the organization to 25,000 distributors at the rate of 2,000 a month with estimated company sales of $25,000,000-$30,000,000 in the third year.
Mr. Prescott has continued to build and consult to successful sales organizations and now believes that the EYI business opportunity and the Code Blue water filter is the perfect platform from which to create another sales organization.
Lou Prescott comments, ``I know water, the size of the clean water market and the scope of the EYI business opportunity. The Code Blue system and the taste of the water are incomparable in my opinion. I love the tiered compensation structure with commissions, built-in bonuses for performance and the ongoing filter sale built through the convenience auto-ship program. With my powerful contacts here in North America and Asia, this should be very exciting.''
According to Jay Sargeant, the CEO and President of EYI, this is a key moment. Jay Sargeant stated, ``It is rare to find an asset like Mr. Prescott. He has talent in sales team development, corporate affairs and marketing. When you add his background and contacts in marketing water filtration systems, you have a person who can bring value to our business and Code Blue marketing.''Orange
I bought EYII last week and will add more. As Mr. Prescott joined the company, we will certainly see its future revenue growth.
Hi !
EYII-Many dealers have lost money for this action, I too (15К.)
I hope, that 0.02 it is support and from here EYII will go upwards, last 2 weeks the action goes on ascending.
I have bought till 0.02 and I think a little to earn.
Good luck.
As EYII hired a new sales and marketing guru, it is possible for the EYII to directly enter the Chinese market not through third party, similar to what DELL, HP, IBM have been doing.
They can build a distribution network in China directly and quickly to sell its products.
They only signed a letter of content, not a contract with CEIEC.
It seems to me that the CEIEC is not making its every effort to market EYII products in China.
Actually, EYII itself is a marketing company. It does not need to hire another marketing company to sell its products in China.
China's market is quite open, many big foreign companies have set up its sale's office in China and did very well.
China's market and need for water filtering system is huge. If EYII can property and quickly enter China's market, I fully believe that EYII will see its share price having big gains quickly.
Seems to have bottomed out. I like the volume in the last month. I will probably take a nibble this week.
I think the title of this thread is silly. "EYII deserves a daily update"? Does a stock that's fallen 85% in 4 months really deserve anything? Other than our mockery and disdain that is? ???
GLTA and GO EYII!
:o
;D :o
EYII - UP 30%
http://www.eyibusiness.com/ee/EE03-02-06.pdf
In addition to filters, pitches, they are going to sell CodeBlue bottled water.
Big market in USA.
The stock is only $0.03 per share.
It is going to be fun to own this stock for long term.
conference call at thursdayzzz
could be a nice week!
Feb 18 - HONG KONG OFFICE open ceremony.
They should build their own distribution network in China to directly sell their products.
No need to reply on third party. It is not that difficult as thought.
Dear EYII Shareholders,
Thank you all for your inquiries regarding certification of the Code Blue water filtration system. We are pleased to provide you with the following response from EYI Management.
There are no requirements for certification when selling through a network such as EYI, however; it would be different in a retail environment. EYI is planning to obtain WQA certification in the very near future. In addition, EYI are going through the certification process in China.
Please feel free to visit the Water Quality Association website using the following link: http://www.wqa.org /
Regards,
AGORACOM Investor Relations
QuoteSeems to have bottomed out. I like the volume in the last month. I will probably take a nibble this week.
Great timing, I bought this morning! EYII is really rocking today!! $-)
Been watching an ascending triangle form on EYII the past couple of weeks and had to jump in with today's breakout on high volume. It's about time EYII came to life again! ;D GLTA
Already gained 137% on EYII within 4 days. Gained 105% today.
I don't know whether it can break-out $0.055 resistance, the previous high.
May be, I should sell half at $0.50-$0.55 and let the other half run because the half already covered all the cost for my investment on EYII.
But most likely, the stock may trade well above $0.055.
Last time when it bounced back to $0.055, it is a short lived bounce during its downtrend.
This time the stock has reversed to uptrend after it tested its bottom.
It may have some profit taking at $0.055 price level but will continue its run until $0.10.
That will be 500% return.
Let us find out.
I just sent an e-mail to its CEO asking him the company's China strategy, why don't we sell our products by ourself not through third party.
I fully believe that we will have a great success if we build a distribution network in China to make our sales directly.
Lucas does it again with his Sunday pick(you should start your own Sunday Pick thread), last week adzr, this week eyii, although ive been holding the eyii bag for a while. it was nice to cut those losses in half today. another day like today and ill be back to even. Your other pick for sunday came up a bit short, I told you Seattle will be struck down by the bird flu virus.
Bob
:o
Quote from: supergeek on February 06, 2006, 04:21:00 PM
Lucas does it again with his Sunday pick(you should start your own Sunday Pick thread), last week adzr, this week eyii
Thanks Bob! Yeah I'm pretty proud of going 2 for 2 on 2-baggers! Last Monday picked ADZR, up 270% the next day. Then last night picked EYII, up 105% today. WOW!!! $-)
My agent is flying to Lisbon today to meet with David Randolph to negotiate a long-term contract. If they can't come to terms, DR will probably use the franchise tag on me. ;D
QuoteYour other pick for sunday came up a bit short, I told you Seattle will be struck down by the bird flu virus.
Yes, you were right about that. And if by "bird flu" you meant the referees, than you were really right!
Quote from: shawFund on February 06, 2006, 12:37:17 PM
It is going to be fun to own this stock for long term.
I'll take "Things I Never thought I'd hear Shawfund say" for $1,000, Alex
(http://www.jeopardyinfo.com/AlexFramed.JPG)
Like a few of us here, I'm a long term Baghold....... errr... Investor.
I kept it on the portfolio, so I would see it every day, just to remind me, to never, ever, ever under any circumstance buy a freaking penny stock again.
Of course I also swore to Never say Never again, too and we see how well that's worked out.
lol kscott
Good one, I got a good chuckle. BTW, I believe that's the "daily double".
I'd really like to see this pig base in this range and set us up for a push to +.10. I hope that the PR machine is set up to deliver over the next two weeks so we ramp up to the Grand Opening in HK.
Sold EYII at .04. Bummer I was hoping for a lot more when I bought yesterday at .03 :-\ I don't like today's action and if it closes at this level it's going to be a buttplug candlestick. Bearish. A record 30M+ shares traded and it can't close in the green?? >:(
Sold half of my holdings at $0.055 - my trailing stop today.
Will not let the profit slipped away. 170% gain in 4 days.
The profit more than covered all the expenses of my investment in EYII.
So, will hold the other half for long term.
Hi !
Resistance - 0.048
Resistance - 0.065
Support - 0.038
Support - 0.032
If it is broken by 0.032 I sell from 60 % benefit. :o ::)
Dear EYI shareholders,
In our continuing pro-active efforts to keep investors apprised of the most relevant and timely information on EYI Industries and its target markets, AGORACOM is pleased to present you with this latest Industry Report which demonstrates the need for a product such as the Code Blue™ water filtration system throughout many parts of China.
Three hundred million people, out of a population of 1.3 billion people, are drinking contaminated water every day, and 190 million people drink water that makes them physically ill. Code Blue is an international provider of water treatment solutions, treating water for residential customers. Code Blue builds and markets filtration and treatment systems to remove harmful contaminants like arsenic, elements, and compounds from potable water.
This is momentous as EYI has recently entered into an agreement for the sale of an undisclosed number of Patented Code Blue(TM) Water Filtration Systems over a 2-year period in China. China's large rural population and poor infrastructure in those outlying regions have created a huge demand for the Code Blue(TM) system which will facilitate the removal of harmful toxins from water, making it safe for human consumption.
Regards,
AGORACOM Investor Relations
To read the entire article, please use the following link:
http://www.bloomberg.com/apps/news?pid=10000080&sid=ase2UW2CDWWg&refer=asia
China faces massive environmental challenges, especially in providing clean water, that threaten its economic growth, said Elizabeth Economy, director for Asia Studies at the Council on Foreign Relations in New York.
''China faces an incredible environmental challenge on virtually every front,'' said Economy, author of ''The River Runs Black: The Environmental Challenges to China's Future,'' in a Bloomberg Radio interview yesterday.
China's gross domestic product has grown sixfold from 1984 to 2004, and the world's most populous nation has had the fastest- growing economy in Asia for the past 20 years, according to the World Bank. Economic growth was 9.5 percent in the first half of 2005 and is projected at 8 percent this year. Increasing demand for energy to fuel that growth is straining China's environment
I have a feeling that the stock will not return to $0.02 this time.
Pulled back and then will resume its uptrend. $0.10 will be the short term goal.
Let us find out whether my observation is correct.
Support - 0.032
If it is broken by 0.032 I sell from 60 % benefit :o
If today EYII does not break 0.032, within the next few days EYII will probably try to break 0.048 and 0.065 (only my opinion)
T.A- ;D
;) ::)
Quote from: shawFund on February 07, 2006, 06:30:26 PM
Sold half of my holdings at $0.055 - my trailing stop today.
Will not let the profit slipped away. 170% gain in 4 days.
The profit more than covered all the expenses of my investment in EYII.
So, will hold the other half for long term.
The stock rose 25% today. So, it has higher lows and should break out $0.065 pretty soon.
I am looking for my first 500% return ;D!!!
I was surprised to see it get above .04 and stay there. I am still of the belief that Tuesday's buttplug candlestick will plug the price and keep it below .05. But EYII may surprise me again. Good luck with your quest for the 6-bagger Shaw! I'm still looking for my first 300% return. She's out there somewhere.
Well closing at HOD makes me very happy again. I really think there is some upcoming events that are going to really help the stock price. Once again I am looking to cover my in position around the .06 range. I will be riding the free shares for a bit. I am way to heavy in this stock ATM anyways. If this dips to subpenny with my free shares I could care less. The risk/return on this is more then worth it. Especially if I am not technically paying ;). Lets make some cash tomorrow >:D
I'm looking at EYII weekly chart as I think what we are seeing here is a true volume backed reversal of the recent downtrend. The past 5 weeks have seen fantastic increase in volume as bottom fishers and bargain hunters have stepped up to the plate and helped the bottom of around $0.02 hold. That huge vol (72M this week with still 1 day to go) is also weeding out the bag holders and bringing in fresh traders with decent gains in their pockets. Also those that just sold and made a tidy 100% profit will be keen to jump back in if momo continues thus adding more fuel to the fire.
In my view the 50sma zone of $0.05 needs to crack and if volume maintains it will, that will set up a potential run to the upper bollinger band $0.10. MACD Histo is about to cross the centre zero line and last 2 times that has happened EYII went on to $0.19 / $0.18 from similar depressed levels. If EYII get some sort of PR or clarification (in the positive of course) as to their China deal well this can only help. This is all my opinion based on the chart, somethimes I'm right sometimes I'm very wrong ;)
Bullish Engulfing yesterday, friday market reation will be interesting.
totally agree with your analysis aussietrader :D
cheers
Oliver
Yesterday EYII has not broken 0.032, I do not think that EYII it will break 0.032 within the next few days. Now EYII tries to break 0.048 if it will be broken 0.048 следуещие resistance 0.064 and 0.1.
TA- ;D
Good luck.
hi,
looks like it will see .032 before it sees .05
Good game before closing and the price 0.041 $ - I the optimist, my following level of support 0.038 if EYII breaks 0.038, I sell (is bought at 0.02). :o
FYI Guys, next week will be huge as of 4:08pm >:D Someone bought a 2million share block after hours for .0418. I can not begin to imagine how many MMs were cleared out. I expect massive moves early Monday. Glad I left myself overextended in this position !!
:o
I have removed my limit sell orders I had lined up to bank on. That last big buy block has me wondering what is in the works. Someone just bought $84K of a penny stock. That is so risky that someone must know something I sure as hell don't. I am looking forward to next weeks action on this guy.
I'm with ya Wax. I saw the 2,000,000 share trade AH. I just don't know if it was a clearing or some kind of lid. We'll see. My intuition tells me it's a good sign. The original sell price here on SOF was like .32 set by David. I'll have to double check that on the EYII double or nothing board. Could happen--soon. Anyway best of luck. Ship 8)
The recent 300% gain is due to two reasons:
1. the hiring a sales and marketing guru;
2. the scheduled openning of their Hong Kong's office in Feb 18.
It is most likely that some day this year, the stock will be > $0.10 or $0.18.
If they can start shipping filter to China next month, the stock will also be pushed up.
Patience will win.
http://www.eyibusiness.com/ee/EE10-02-06.pdf
Check their latest news:
http://www.eyibusiness/ee/EE10-02-06.pdf
02-18-2006 opening creamery sold out.
Yeah I am excited for this stock next week. Something big is bubbling. I however can see this bouncing down off the .10 range. Not so much due to technical but mental resistance. You figure 100K shares bought at the .02 -.03 range will net you 10K. Of course that is just my look at it. I will probably unload and reload on the dip again. I can see myself playing this stock 5 or 6 times.
I do not love such charts, but I continue to hold EYII if it is broken by 0.038 I sell. (only my opinion)
Last Friday's high of $0.395 should be an error.
Or at least someone typed the wrong number when he/she placed a buy order (wanted to buy at $0.0395 but typed $0.395).
No one is so stupid to pay 1,000% more than current bid/ask price to buy a stock.
But the stock gained 22% so far and $0.10 should be this week target.
Let us find out.
Hi !
0.395 $ is a mistake and chart now looks perfectly!
it is new chart from stockcharts.com
;) ;D :o
Ahhh another 1 mil block traded after hours. Something is bubbling. I am going to lighten up around 6 and ride the rest 10+.
Dealers in indecision. ???
probably 0.04 - the new basis/support. ::)
The stock is definitely in uptrend and if I am not wrong, the short term target wil be $0.10 in few months of time.
If they start shipping filters to China, the stock will get big push.
Ha! She's showing life.. I'm Still 100% invested in eyii.ob at an avg of around .10.. haven't checked the share price in a few months.. Still needs to double from here for my breakeven point though.. but I won't sell there.. I'm waiting for the real double bagger at .20 cents before I sell. I'll check back in again in 2 months.. I don't need the money so I'll wait
I think EYII even without news will go on the north, to break 0.064 $ and above - look at this flag.
Т.А ;) ::)
Judging by recent actions this should blast and hold through 5 tomorrow. Almost like the good ole mms propped it up for it near close.
Hello:
I have been babysitting this position - I bought enough at .018 and .02 to bring my composit down from .12 to .05 so I am about to break even. Now I am happy to have the oversize position.
I will not sell any for a while - I think David will get his .32 when the purchase orders begin to add up. This might be sooner rather than later - but - it is just a matter of time.
The charts look great. CEIC looks good. I do not know how high EYII can go on happy talk and big plans but when the substantial numbers come in - very high - very very high.
If it dips again I will buy more.
Good trading to all
I think tomorrow will be a very large run. I plan on dumping after the big run and re-entering once again as it consolidates. This will be my 3rd play on this stock in a little under 2 weeks. I think I have milked at least a 200%+ gain on it. I am coming for vengance after doing my -8% stop on ptsh today at .0069. Just to have it hit .02+ near close. I screwed myself out of thousands upon thousands upon.... $$$ today. These cursed BB stocks ;-)
EYII is going to break-out anytime.
My guess is it pings off of .06 today.. or at latest tomorrow. Hopefully it can break the wall that will be set up for it.
Next Push this AM will surely see .06. At that point I will be exiting stage left >:D
On chart EYII it is visible two tops 0.063 and 0.064, I think the next attempt will break 0.064 is successful, is similar EYII today will break 0.05 and will go within the next few days on the north (only my opinion) :o
It looks that the stock will break-out the $0.065 top and push to $0.10.
I like the chart pattern. It is uptrend and gradualy traded up and thus has built a solid fundation to make it higher.
Looked at last few days, whenever the stock went down, big buyers rushed in and make higher lows.
This ascending trendline will bring the stock to $0.10 or higher.
Hold it at least to $0.10. Patient will win.
I am looking at 500% gain even 1000% gain.
I know water filters and green water has big future.
What I want to know is how come if EYII is blowing up, HYRF isn't budging - do you think it is still to do with overhanging lawsuits etc.?
But then again, when HYRF blew up, EYII did almost nothing... puzzles the hell out of me. Presumably there must be some kind of PR from one of them sometime soon???
I believe a large/first PO of a contract and Cornell getting out of the picture is the rumor.
Quote from: ScottishTrader on February 15, 2006, 07:55:49 PM
What I want to know is how come if EYII is blowing up, HYRF isn't budging - do you think it is still to do with overhanging lawsuits etc.?
But then again, when HYRF blew up, EYII did almost nothing... puzzles the hell out of me. Presumably there must be some kind of PR from one of them sometime soon???
I bet there will be some PRs at some point just probably not too many from HYRF. I have been watching the HYRF action also and expect it to move at some point (probably when EYII announces some orders). I'm sure HYRF will be careful with what they say from now on and won't release anything until they have an order or legal contract in hand. It's tough to judge with the penny stocks but I don't see any reason EYII can't make it back up to it's previous levels around .18. Just look at all this volume compared to the last couple of spikes - it's amazing!
The chart is really a thing of beauty. I'm sorry the short term chart is so busy but you can see the bullishness of this move in the volume and broken levels of resistance. Man, if EYII could duplicate HYRF's move over $1.00! ::) Well, I can wish can't I? ;D
Load them up Friday on any dip for sure. I agree there is no way a PR or two won't be released early-mid next week.
I think EYII leaves the bottom triangle and will not break 0.05 $ in the near future, today game on small volume and closing in 0.052 inspire me optimism. ;) >:D
I would love to load on any dip tomorrow. I was hoping for a .048-.05 range fill but as you can see above it is highly doubtful. Using its past resistance as support. Next week is going to be nice for this guy.
I wonderered this morning if we would see some volatility today. PPS action shows some folks are nervous and ready to dump at the first sign of trouble. Solid support stepped in to eat up the nrevey supply, that's good. This thing is like a coiled spring. News will likely pop this thing up to .1 and hopefully, beyond. No good news next week and this thing goes back to .025. Could very well be a wild ride next week.
Man, I missed that shake out this morning! >:( Would have been beautiful to pick some up around the bottom. :)
Quote from: basonista on February 17, 2006, 10:42:45 AM
Man, I missed that shake out this morning! >:( Would have been beautiful to pick some up around the bottom. :)
I missed too :'( I started to seach what is the reason, any bad news?... and missed 0.4 .... very sad..., but, unfortunately, it seems to me we will return to the bottom in the nearest future.
100% agree with with JKN: "No good news next week and this thing goes back to .025. Could very well be a wild ride next week."
Unfortunately EYII has broken 0.048, (I have sold). >:(
Parabolic SAR --It will be broken (only my opinion) >:(
If there will arrive good news probably I shall play. >:D
Glad I got out when I did. Hehe I moved my dream fill from .049 to .039 now. MMs shaking them out proper on this one. Anyways looking for a further dip Tues and then I strike. 3rd time is a charm or in my case another bag or two.
Yes - a dip next week unless some substantial news comes first.
This will go higher sooner rather than later - I mean in the next couple of months.
So I do not see any big danger in buying around this level.
The CEIC exec would not be presenting at this show unless they know the deal is for real.
We have seen how fast this can move so I am babysitting it.
WAX - I think you have it all wrong. Although some might have thought buying Friday before news comes would yield a run, it isn't always true.
I think having the markets closed monday will allow sufficient time for EYI to get a PR together regarding the results of the Banquet/Grand opening in HK.
Meanwhile, if there TRULY were any big shots there from other countries, and "IF" they were impressed, them and they're mothers will be buying next week and we'll run like the wind.
I think its all adding up well for a run to previous highs. First news from the 18th G.opening, then the registration update or P.O. ITs geting close to registration time, i hope the PPS starts to reflect that.
good luck, i've been holdign since August looking for the BIG ONE :)
I'm still holding too. It's been this long. I can wait a little longer. Wax "heavens to mercatroid" .039, good luck.
I have played this stock 3 times over the past month. I can guarantee you I have made WAY more $$$ then if I was just riding it out. I don't play the ups and downs on a stock as predictable as this. Good luck I will be striking again when I feel it is time.
Quote from: raab on February 18, 2006, 03:33:37 PM
WAX - I think you have it all wrong. Although some might have thought buying Friday before news comes would yield a run, it isn't always true.
I think having the markets closed monday will allow sufficient time for EYI to get a PR together regarding the results of the Banquet/Grand opening in HK.
Meanwhile, if there TRULY were any big shots there from other countries, and "IF" they were impressed, them and they're mothers will be buying next week and we'll run like the wind.
I think its all adding up well for a run to previous highs. First news from the 18th G.opening, then the registration update or P.O. ITs geting close to registration time, i hope the PPS starts to reflect that.
good luck, i've been holdign since August looking for the BIG ONE :)
UBSS whacking bid premarket.... Looks like a push down to .042. Time to load em up!
Hi!
I today come back and I buy EYII, 0.04 excellent support.
T.A - ::)
Hmm... 3 eyii threads going here. OK, I'll post on this one. I agree with you evgeny, .04 has turned into nice support. I bought back in before the close on Tuesday based on that support, the 3 black crows formation and after I discovered that .04 is also the 50% fib level of the last move and we had a nice bounce off of it.
Looks like we are moving up an ascending triangle (my favorite!) with the 200ma still looking ominous as resistance. A pick up in volume would be nice but I won't complain about an up move on light volume. ;)
newsletter out; lots of interesting details from conference:
http://www.eyibusiness.com/ee/EE24-02-06.pdf
In contact with potential persons who are interested to represent EYII in Philipines...
cheers
O.
0.045 $ support
T.A - ::)
EYI Industries (EYII – OTC:BB), (http://www.stopdrinkingpoison.com /) in conjunction with AGORACOM Investor Relations, is pleased to present EYI investors with this latest corporate update. Within this corporate update for EYI, we will be giving you an in-depth look at the following topics:
• What is Arsenic?
• Contaminated Water in China
• Health Effects
EYI Industries Inc., through their subsidiary Essentially Yours Industries, Inc. (EYI), markets products that promote health and well-being. Recently, EYI launched a consumer product that removes Arsenic and other contaminates to a negligible level from drinking water. The portable water filtration product's name is Code Blue™ and is exclusively provided to EYI. In addition, EYI sells dietary supplements and personal care products. A large portion of their sales are from CALORAD®, a liquid protein supplement that has brought weight loss benefits to their customers. More than six million bottles of CALORAD® have been sold since EYI was founded in 1995. Their newest product, PROSOTEINE, is experiencing similar success to CALORAD® and bringing their customers the benefits of a natural Energy drink.
WHAT IS ARSENIC?
Arsenic poisoning is more often thought of as a topic for a mystery novel, but it is a grim part of our global reality. All across the world there are over one hundred million people slowly being poisoned by their only available water source. Most recent and devastating problems with contaminated well water were identified in India. Arsenic tainted water can be found in as far reaching places as Thailand, Japan, Australia, The United Kingdom, Inner Mongolia, Hungary, Chile, China, Argentina, Taiwan, Ghana, Mexico, Philippines, New Zealand, and Canada. This is not only a problem for distant lands, contaminated water occurs in the United States as well, in areas such as California, Washington, and Oregon.
Arsenic is a naturally occurring element in the earth's crust. Pure arsenic is a gray-colored metal, but is rare in the environment. Arsenic is usually found combined with one or more other elements such as oxygen, chlorine, and sulfur. In combination, such arsenic is referred to as inorganic arsenic. Arsenic combined with carbon and hydrogen is referred to as organic arsenic. The organic forms are usually less toxic than the inorganic forms.
CONTAMINATED WATER IN CHINA:
Over half of the population of China consumes water that fails to meet minimum quality standards, and China has several times the rate of liver and gastric cancers as India, according to a new study by the World Resources Institute.
In the last 40 years China has transformed itself from a rural economy to an industrial giant with a significant presence in the world economy. This rapid transformation has fuelled economic growth that easily outpaces that of most developing countries. China's rapid economic development has exerted a significant toll on its natural resource base, particularly water resources. Inadequate investments in basic water supply and treatment infrastructure have resulted in widespread water pollution. In China today approximately 700 million people--over half the population--consume drinking water contaminated with levels of arsenic, nitrates, animal and human waste that do not meet minimum drinking water quality standards.
A study says it will cost billions of dollars for cities in China to upgrade their water treatment systems to meet tougher new standards. China's new drinking water standards, launched in June, increase the number of forbidden water pollutants from 35 to 101.
Some 700 million people are drinking unsafe or harmful water because more than 70 percent of China's rivers and lakes are polluted
China aims to bring the quality of tap water up to par with European drinking water standards in the next couple of years.
HEALTH EFFECTS
Large doses of inorganic arsenic can cause death. Arsenic is a known poison and a known carcinogen that has been shown to cause skin and lung cancer. It also may damage a developing fetus and should be handled as a potential teratogenic agent (causing developmental malformations), as some arsenic compounds are known teratogens.
Oral exposure to inorganic arsenic can cause digestive tract pain, nausea, vomiting, diarrhea, decreased production of red and white blood cells, abnormal heart function, blood vessel damage, liver and/or kidney injury, and impaired nerve function, causing a ''pins and needles'' effect in the feet and hands. Oral exposure to inorganic arsenic can also cause a pattern of skin abnormalities, including the appearance of dark and light spots on the skin, and small ''corns'' on the palms, soles, and trunk, which may ultimately progress to skin cancer. In addition, arsenic ingestion is reported to increase the risk of cancer inside the body, especially in the liver, bladder, kidney, and lung.
Skin contact with arsenic can cause burning, itching and a rash. Breathing arsenic can irritate the nose and throat; eye contact can cause red, watery eyes and irritation. Long-term exposure can cause an ulcer or hole in the ''bone'' dividing the inner nose, hoarseness, and sore eyes.
CONCLUSION
EYI has recently entered into an agreement for the sale of an undisclosed number of Patented Code Blue(TM) Water Filtration Systems over a 2-year period in China. China's large rural population and poor infrastructure in those outlying regions have created a huge demand for the Code Blue(TM) system which will facilitate the removal of harmful toxins from water, making it safe for human consumption.
If you would like to provide commentary or pose questions related to this interview, you may do so now by linking to it on the EYI Industries Investor Discussion Forum at http://www.agoracom.com Alternatively, you can e-mail your questions directly to AGORACOM Investor Relations at
[email protected] For more information about EYI Industries Inc., please visit the following web sites:
Corporate Web Site: http://www.StopDrinkingPoison.com
Investor Relations Web Site http://www.agoracom.com
Yours truly,
AGORACOM Investor Relations Corp.
Hi
Easy volume the last some days, support 0.04 resistance 0.05. ???
If EYII 0.04 I break sell from 12 % loss. :(
(only my opinion)
Hi
I understand 0.004 it is a mistake >:(, but I do not love such chart. :-[
I'm not liking it much either. This has turned into a weak play. I'm with you in if .04 doesn't hold, I'm out.
RADAR ALERT> looks like it's moving up. short term breakout
I should clarify--15min break--looks good on my 60 min. also--needs to clear 4 then 44 then 57 for a daily
i entered today earlier at 0.0343...it looks like a reversal :)
Good luck on it bro. I hope you make a butt load of muhla. Kinda stalled for a minute or two. I think it's going up hard if we clear 4 8)
shipman the chart looks nice :)
looks like a double bottom and cup with handle (on weekly basis)
Need's just a few deep pockets to run the MM's out. It looks good to me. Frickin supply though. They don't want a rocket to get away without them.
I buy tomorrow EYII if will not be high at opening (only my opinion) ::)
I'm with you too... ;D
I'm ready for a BWC tomorrow!
This is a pullback on low volume. I bought more at 0.033....Level2 the MM want shares....
Possible G-pattern play? ???
I'm locked and LOADED!
Good luck all...laterz...Jody
level2 shaping up arca puts bid up strongly....i am smelling 0.039 for tomorrow or tonight ....rumor that news should come about the code blue registration in china by end march with the quarter results....i am with eyii :) if volume comes in we are fast back to 0.060.
Hyrf shows strengh too up today on good volume...
Chart looks good...if we break 0.038...then she will fly
the point is that EYII is very close to releasing the news and financials. as a trader, this is a good time for us $$$$. Speculative buying will be nice for the next couple of weeks.
Check this out. Options strike price at .2 with a due date at 04/05/06, .08 due at 12/27/06. Set my GTC order at .19. ::)
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*Keay Donna
--------------------------------------------------------------------------------
(Last) (First) (Middle)
11483 94TH AVENUE
--------------------------------------------------------------------------------
(Street)DELTA A1 V4C 3R3
--------------------------------------------------------------------------------
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EYI INDUSTRIES INC. [eyii] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable) Director 10% Owner
Officer (give title below) X Other (specify below)
CFO of Subsidiary
3. Date of Earliest Transaction (Month/Day/Year)
03/16/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
common shares 1,381,572 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date
(Month/Day/Year) 7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
non qualified stock options $ 0.2 04/05/2004 04/05/2006 common shares 600,000 600,000 D
non qualified stock options $ 0.08 12/27/2004 12/27/2006 common shares 200,000 200,000 D
Explanation of Responses:
/s/ Donna Keay 03/17/2006
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applaud shipman ;D
I'm new to this sort of options experience. Have you guys found that this will have some influence on stock price in other situations? As I'm sure you all know, EYII approached .20 a couple of times last year but failed to reach it. Do you expect this time to be different because of the expiration date?
I think the hype begins....i am in with 349 000 pieces of shares 0.034. I am sure i sell all into a hype in the next 2 weeks prior the expected news concerning ceiec :)
concerning the options basonista; i found this on other boards:
Only two scenarios I can think of...
Notice the 3 Form 4's have something in common. Their exersizing deadlines are getting close, and most of the pricing options are between .02 and .11. However, there is no "intent" listed on whether it is a transfer, selling, buying, or just change of shares.
Optomistic take on this? P.R. the registration, and Approved China deal with $$$ numbers. Watch the PPS skyrocket. They then exersize their right to sell shares, making a boatload of money, insuring now they can not only set pretty making all of Asia clean drinking water, but get Marti in a good financial and sound state, and sell the rest of the world all the bottles and filters they want...
Or...Sell all their shares based on the rise of the PPS due to the China deal getting close to the 31st, only to find out the deal fell though, but EYI walks away with millions of hype money. Hoping its the former, but dont really trust any company anymore...
Guess we'll see...
They are just filing necessary forms prior to the big sell after the big rise. Wait and see. They're getting their ducks in a row. They wouldn't all be selling due to the deal falling through. That makes no sense. The CFO knows pinstripes and bars would be next. This is the time to buy. It's a sign.
http://www.eyibusiness.com/ee/EE17-03-06.pdf
Technical Indicators are good. Reserse head-and-shoulder?
I am still holding 50K shares and will not sell until $0.10.
Good thing takes time to get.
Bought earlier at $0.020, sold half at $0.055 and still hold half position.
Here is the chart
3 x Form 4 were filled on March 16
http://www.pinksheets.com/quote/filings.jsp?symbol=eyii
http://www.sec.gov/Archives/edgar/data/1104120/000127463306000001/xslF345X02/primary_doc.xml
Form 4
Definition 1.
A document required by the SEC and the appropriate stock exchange to announce changes in the holdings of directors, officers, and shareholders owning 10% or more of the company's outstanding stock.
Definition 2.
A report filed by directors, officers, or owners of more than ten percent of public companies with the Securities and Exchange Commission. The report contains information on planned purchases and sales of certain equity securities. The form also contains information on the reporting person''s relationship to the company.
Definition 3.
The form required by the SEC for a change in the holdings of an individual owning 10% or more of the outstanding stock or in the holdings of a company officer.
10ksb is out. Kinda depressing to read, but still holding in anticipation of PO
NEWS! TERMINATION AGREEMENT WITH CORNELL
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
April 3, 2006
__________________________________________________
Date of Report (Date of earliest event reported)
EYI INDUSTRIES, INC.
_____________________________________________________
(Exact name of registrant as specified in its charter)
NEVADA
(State or other jurisdiction of incorporation)
000-29803
(Commission File Number)
88-0407078
(IRS Employer Identification No.)
7865 Edmonds Street, Burnaby, BC Canada
(Address of principal executive offices)
V3N 1B9
(Zip Code)
604-759-5031
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Check the appropriate box below if the Form 8-K filing is intended to
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____ Written communications pursuant to Rule 425 under the
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____ Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
____ Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
____ Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.02 Termination of a Material Definitive Agreement
On April 3, 2006 we entered into a Termination Agreement with
Cornell Capital Partners, L.P. attached hereto as Exhibit 10.1.
ITEM 9.01 Financial Statements and Exhibits.
(d) Exhibits
10.1 Termination Agreement dated April 3, 2006
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
EYI INDUSTRIES, INC.
Date: April 4, 2006
By: /s/ Jay Sargeant
Jay Sargeant
President and CEO
TERMINATION AGREEMENT
THIS TERMINATION AGREEMENT (the "Agreement") is made and entered into
effective as of April 3, 2006, by and between EYI INDUSTRIES, INC. a
Nevada Corporation (the "Company"), and CORNELL CAPITAL PARTNERS, LP,
a Delaware limited partnership (the "Investor").
Recitals:
WHEREAS, the Company and the Investor entered into a Standby Equity
Distribution Agreement (the "Standby Equity Distribution Agreement");
a Registration Rights Agreement (the "Registration Rights Agreement")
and an Escrow Agreement all of which are dated as of May 13, 2005
(the "Escrow Agreement"). (Collectively, the Standby Equity Distribution
Agreement, the Registration Rights Agreement, and the Escrow Agreement are
referred to herein as the "Transaction Documents."
NOW, THEREFORE, in consideration of the promises and the mutual promises,
conditions and covenants contained herein and in the Transaction Documents
and other good and valuable consideration, receipt of which is hereby
acknowledged, the parties hereto agree as follows:
1. Termination. Each of the parties to this Agreement hereby terminates
the Transaction Documents and the respective rights and obligations contained
therein. As a result of this provision, none of the parties shall have any
rights or obligations under or with respect to the Transaction Documents.
IN WITNESS WHEREOF, the parties have signed and delivered this Termination
Agreement on the date first set forth above.
EYI INDUSTRIES, INC.
By: /s/ Jay Sargeant
Name: Jay Sargeant
Title: President and CEO
CORNELL CAPITAL PARTNERS, LP
By: Yorkville Advisors, LLC
Its: General Partner
By: /s/ Mark Angelo
Name: Mark A. Angelo
Title: Portfolio Manager
can this be interpreted as positive news relative to the p/s? we shall see...soxguy
So far so good. It's up 25% at .0430 right now...let's see it can hold...volume good too
The more important news market is waiting is on China government's decision whether allows the water filter products to sell in China's market.
The samples will be examined in March, based on previous news release.
If there is no further delay, we will hear from the news pretty soon.
If we hear green news, the stock will be flying.
Insider buys from the Chief operating officer recently:
http://finance.yahoo.com/q/it?s=EYII.OB
(something cooking?)
Chart:
- Possible double bottom
- MACD and MACD Hist very bullish
- Trendline breakout soon?
i am loading up..as i get them 14% cheaper than the chief operating officer did....i get in calmly...
ket: are you bought 3 milloin shares at the end? ;) nice!
Quote from: winner919 on August 15, 2006, 12:56:31 AM
ket: are you bought 3 milloin shares at the end? ;) nice!
hi winner...it wasn t me :) i bought earlier.......but not 3 million shares.....this 3 million shares were not bought on the open market i think...
it was afterhours so it did not affect the price...quite clever....who was it??? that is the question... :o
After Hours Trading
8/14/2006 4:08:00 PM Last:
0.0081 Change:
+0.0001 Volume:
3,250,000
page 2 of the newsletter sounds good.
http://www.eyibusiness.com/ee/EE11-08-06.pdf
chart update
mm shake out today but closed unchanged
tommorow will be interesting
The Bullish Dragonfly Doji Pattern is a more bullish signal than a Bullish Hammer Pattern. Its reliability is also higher than the Bullish Hammer Pattern.
However, a confirmation of the trend reversal implied by this pattern by either a white candlestick, a large gap up or a higher close on the next trading day is still suggested, to be on the safe side.
CEO buys $106,000 worth of stock...
http://www.form4oracle.com/insider?cik=0001275789
Also, a recent (Oct. 27) interview with the CEO on Agoracom's site...
http://www.agoracom.com/ir/eyi/
Looks like EYII cranking up again... anyone heard any news?