To: Mr Metals who wrote (919 ) 3/5/1999 8:30:00 AM From: Rande Is Read Replies (2) | Respond to
TO ALL: . . EYDY looks pretty scammy to me. . .here is how you can tell. . .first thing. . they don't report their finances to the SEC. . .this means they can say whatever they want about money and never have to prove it. Second, it is hard to find info about the company. . . that is not by accident. The company has not been trading long. . .even then, there are only 3 news stories to be found and NO financials whatsoever.This means their distributor dumped them. . . if you have no big name distribution in medical sales. . you sell nothing This number implies that this little company can sell about 4-5 25,000 dollar units PER DAY. . .EVERY DAY. They will be lucky if out of 20 new sales reps, they can get 2 that stay longer than 6 months. . .I have built many sales forces. . .I would be impressed if they sold 1 unit every two weeks. . .giving them 650k of raw revenues. TOTALLY unrealistic number with absolutely no plan on how it will be acheived. We will sell as much stock as possible to stupid people in order to fund our 'activities.' led? in what capacity? Salesman? Akai America, a major Japanese consumer and institutional electronics company, through a growth from Eleven Million Dollars ($11,000,000) to over Seventy Million dollars ($70,000,000) in sales. He has experience in start up companies and In another press release they said their inventions were "the subject of U.S. and several foreign patents". . .this means they have not been issued a patent. . .nor do they have any patents PENDING. Sounds like they have not even applied for one yet. . .sounds like they are trying to raise money to pay an engineer to do the drawings necessary to send an application into the U.S. Patent Office with the proper funds. . but the whole project is still on someones desk. . .meaning it may never get any further than that.
