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Eastern Company EML

The Eastern Company manages industrial businesses that design, manufacture and sell engineered solutions to industrial markets. The Company has one reportable segment: Engineered Solutions. The Engineered Solutions segment provides engineered solutions to support its customers needs in the commercial transportation and logistics markets. It designs, manufactures, and markets a diverse product line of custom and standard vehicular and industrial hardware, including turnkey returnable packaging solutions, access and security hardware, mirrors, and mirror-cameras. It offers a standard product line of rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles, among other products. Its subsidiary, Velvac Holdings Inc. is a designer and manufacturer of proprietary vision technology for original equipment manufacturers (OEMs) and aftermarket applications, and a provider of aftermarket components to the heavy-duty truck market in North America.


NDAQ:EML - Post by User

Post by opuzon Nov 13, 2008 4:33pm
638 Views
Post# 15584617

ECOMETALS PROXY..5 to 1 reverse split

ECOMETALS PROXY..5 to 1 reverse splitEcometals has send out a PROXY ...On Dec 3 of this year shareholders will have to vote if they agree to
a 5 to 1 reverse split...it will be passed  if shareholders vote for it....
The new Equador Mining law is coming out very soon...ECOMETALS WILL drill 400 meters from Aurelian
Gold discovery...ECOMETALS WILL  SELL VERY SOON Manganeese stockpile that is ready to be shipped in Brasil..just waiting for
export license to sell it...THIS PROXY THAT IS BEING PROPOSED ON DEC 3 WILL DILLUTE EXISTING SHAREHOLDERS  ..SHRINKING THE SHARE STRUCTURE AT THIS JUNCTURE LOOKS LIKE A SET UP
FOR PRIVATE PLACEMENT AHEAD OF BONANZA RESULTS ON RIO ZARZA SINCE NEW MINING LAW IS COMING OUT IN EQUADOR OR SELLING STOCKPILE OF MANGANEESE SITTING IN PORT READY TO BE SHIPPED..
ALL NEEDED IS EXPORT LICENSE..AND NOW THEY  SEND OUT A PROXY ON 5 TO 1 REVERSE  SPLIT THAT WILL BE DECIDED AROUND DEC OF THIS YEAR..YOU CAN ALSO VOTE IN THE PROXY IF YOU WANT TO KEEP
SAME DIRECTORS ....ALL DEPENDS IF YOU FEEL THEY HAVE DONE A GOOD JOB..............
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