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To: Jeffrey S. Mitchell who wrote (10900)10/2/2005 10:48:41 AM
From: TEDennis  Respond to of 10903
 
There's more than 1 way to skin an investor ...

Note how EACC is generating "additional capital growth". Augment the sales of your product/service by purchasing the property you are leasing, then sell it for a profit. Cool idea! I wonder how many properties they have.

biz.yahoo.com

BTW, check out the recent insider transactions:

26-Sep-05 CLEARMAN, STEPHEN J.
Beneficial Owner (10% or more) 273,560 Indirect Sale at $0.15 per share. $41,034
19-Aug-05 CLEARMAN, STEPHEN J.
Beneficial Owner (10% or more) 1,298,215 Indirect Acquisition (Non Open Market) at $0 per share. N/A


$0 per share? Nice work if you can get it.

TED



To: Jeffrey S. Mitchell who wrote (10900)2/5/2009 7:33:28 PM
From: TEDennis  Read Replies (1) | Respond to of 10903
 
Jeff: re: three years from now EACC will probably implode from a huge scandal and you'll be back to tell I was wrong once again. (g)

Well, I don't know when disaster struck, but they de-registered on Jan 23, 2009.

"eAutoclaims, Inc. (the "Company") has filed a Form 15 today with the Securities and Exchange Commission ("SEC") to voluntarily deregister its common stock. The Company is eligible to deregister because it has fewer than 300 holders of record of its common stock. In filing the Form 15, the Company's obligations to file certain reports and forms with the SEC, including Forms 10-K, 10-Q and 8-K, are immediately suspended. The Company expects that deregistration of its common stock will become effective within 90 days.

The Company is deregistering because it believes that the incremental cost of compliance with the Sarbanes-Oxley Act of 2002 and other public company reporting requirements does not provide a discernable benefit to the Company and is not in the best interests of its shareholders.
"

... snip ...

"As a result of deregistering with the SEC, the Company's common stock will cease to be eligible to trade on the Over-the-Counter Bulletin Board. The Company's securities will continue to be traded over the counter on the Pink Sheets, but the Company can make no assurance that any broker will continue to make a market in the Company's common stock."

The last trade was on Mar 8, 2008 @ $0.04 ... down from $3.00 on Nov 12, 1999.

Your post was in 2000. It's now 2009.

So, it took longer than three years. But the result was the same !!

A long, slow death.

TED