TheEEStory.com

So, Mike is going long on Eestor?

There are no one backing out - there are some moneylenders(that are already involved in EEstor) that are investing directly into znn and letting znn having their share of EEstor. Only because they are themself buying shares now directly from the company. They "allowed" znn to have those shares in EEstor only if they had a "good" share of the main powercompany - znn. Just wait and see!

Tec wrote:

Its worth noting that had EEstor actually produced some evidence to support their claims theny would have had to beat off potential investors with a stick.

They must have seen this coming, and the fact that they still didn't demonstrate anything whatsoever is a clear indication that they CAN'T because they have nothing to show.

We are nearly at the end game now I think.

You've thought that since you appeared on this board, no?

That said, you may be right in this analysis, though we do not know the identities of the other (presumably three) unnamed entities which had the right to increase their equity holding in EEStor under this ZMC<>EEStor agreement.

Again, I know nothing of Canadian Securities law, but were ZMC a US company, SarbOx would likely come into play with this latest ZMC press release.

As I said in another thread, the best action were this a scam or were Zenn and EEStor close to demise would have been to announce a percentage somewhere between the minimum and maximum. They could have used cash flow problems as an excuse for not going all in after the fact, were this a scam. Just announce percentages and no one would have been the wiser today. What we have seen in the past month is definitely the move of a scam participant

Instead, they go all in and now some people have decided that means that KP is saying something about their belief in EEStor, when the truth is no one even knows if KP had an option to be part of this offering. I've yet to see any proof that they were, other than speculation and rumor. As has been mentioned, KP is not in the habit of elbowing with the riff raff for common shares.

How about ZMC being too timid to ask the right questions and demand real answers?

The interview with the zmc guy said he would go away and find questions to ask (like he didn't know the correct ones to ask himself!!) and then come back and ask the eestor Dick.To me, it sounded like Dick wears the pants in that relationship. Hence, they're still buying Dick's story while other (more intelligent people) are not.

EEnterested - thanks.

Why would they have an investment round in common shares?

Tec wrote:

Its worth noting that had EEstor actually produced some evidence to support their claims theny would have had to beat off potential investors with a stick.

They must have seen this coming, and the fact that they still didn't demonstrate anything whatsoever is a clear indication that they CAN'T because they have nothing to show.

We are nearly at the end game now I think.

And it's also worth noting that they just received an additional $5 million in capital from their first major investor without bringing in any new investors. I'm also sure they saw this coming. We know they delayed the premitivity announcement, so they had a plan for when they wanted to receive this additional capital.

So what would be the need for additional potential investors? Remember, investors want something for their investment. What would DW have to give up to add more investors? And with $5 million in new capital why would he want more investors?

I don't understand why so many people think that KP was part of this round of funding. There is no evidence that KP is one of the three other investors. I am sure that KP's investment in Eestor is totally separate.
Then there is the question of why didn't the other 3 investors up their equity position. Perhaps, these were the original investors in Eestor before the heavy hitters got involved. Maybe they knew DW and believed in his idea
and provided the initial seed money. Possibly they are just average people with limited financial resources who couldn't come with an additional $2,500,000. No matter how good the idea, you just don't walk into a bank and borrow that kind of money.

Just an idea,

Why would Zenn have this press release before their new stock offering, knowing that it would send the stock price way down just before the offering? Unless they have some really good news coming soon... I'm giving them the benefit of the doubt because no one can be that dumb. (I hope)

MrLouMrLou wrote:

Why would Zenn have this press release before their new stock offering, knowing that it would send the stock price way down just before the offering? Unless they have some really good news coming soon... I'm giving them the benefit of the doubt because no one can be that dumb. (I hope)

I don't think Zenn had much choice in the timing of this. EEStor released the permitivity results when they wanted to. We know this because the initial verification testing was done months before it was announced. Zenn then took the time they needed to validate the results. From the verification date, the 30 working day countdown began, taking us to the first week of July. Zenn might have been able to stall till after the weekend, but it wouldn't change the effect on the upcoming share offering.

Dumb or not, I don't think they had control of the timing.

I think the timing has been entirely cooperative between EEStor and Zenn and KP. The second milestone aligned with equipment delivery payments for the back end of the production line which were possibly last to be delivered. These assets are the most expensive and the payments have a component of urgency since the revenue from the equipment delivery helps support the ramp along all supply lines, particularly equipment which doesn't exactly assemble, test, and install itself.

All along I've thought that large finance movement has been related to EEStor payments to vendors. There aren't a lot of other things that force large amounts of capital movement like that.

LOL