BRUCE CALDWELL RESIGNS from ESSXsport

[Bruce Caldwell]

Sounds to me like the "holding company" ( money ) pulled the "plug" on the pole making, track equipment business. No money - no business. Normally in the business world the warranty on products are as only as good as the parent company, No company - probably no warranty

NO POLE HAS A WARRANTY
They may have a replacment agreement but no vaulting pole has a warranty! PARENT company still there!

We had one of our biggest years ever in the pole business!

Pulling the plug was on the pit business no business as most all bought two years ago when forced too!!LOL

[mcminkz05]

[quote="ESSX"]
Yes the ESSX pole still lives made by the same people in FORT WORTH TX. THANK you for your interests. OUR better pole was kept under wraps due to a wait until the Olympics were over.
quote]

just curious, what is the "better pole" your referring too?

[~jj~]

In order for a company to stay in business they must make a profit. In order to have profit they must have a business plan, and sales. Otherwise the banks and other investors get real nervous.
Thats what makes the world go round.
~jan~

[tim hutzley]

so pretty much all that has changed is the name (GJRI) ?

[Decamouse]

That is only part of the story - this has been going on for a while - being a publicly traded company you could read about it - even when the"consulting fees" and pagent debt are subtracted they still where lossing money - thus not a good investment - just go to GJRI and read about it or even last years Essx public disclosure statements - question is is 5 years about the normal run for this type venture? Seems to be some history here

[Bruce Caldwell]

That is only part of the story - this has been going on for a while - being a publicly traded company you could read about it - even when the"consulting fees" and pagent debt are subtracted they still where lossing money - thus not a good investment - just go to GJRI and read about it or even last years Essx public disclosure statements - question is is 5 years about the normal run for this type venture? Seems to be some history here

YOU are right that is only part of the story Decamouse
5 year run? 1998 to 2004? 8 years
Let me see yes a loss???
The 10K for 2003 shows 1.25 million in revenues for 6 different items sold.
$28,000 loss with a $35,000 depreciation of equipment???

Initial investment $ 25,000 now I own $300,000 in equipment?

That is a gain to me if you take into consideration all of the story.

Public companies are strange as when you issue stock for consulting, or you have a private placement to raise money or for acquiring companies the value of the stock hits the company books as an expense. You add assets but not usually at the same ratio until the assets grows it cannot be realized as a gain.
Another problem that is really unfair in public companies is if you buy something with stock it is like printing money, but the value of the paper is decided by the online trading price and the auditor.
The rule is 5 days before the action and 5 days after the action.
You have to announce the action at a set value in contract and when you do people may buy stock online seeing the future potential of the action and the stock value goes up. The results are the books have to book the stock at the price average 5 days before and 5 days after the announcement.
In most cases the amount you paid for a deal just increased.
Other problems for public companies to become public you must spend at least $300,000 to get there and about 3 years too.

The annual cost of being public is another problem it cost a company minimum
$40,000 a year for auditors required.
$50,000 Securities legal council
$12,000 Stock transfer fees
$12,000 in house CPA fees
$10,000 shareholders filing Edgar fees
$134,000 total

So a public company will spend minimum over $125,000 a year to maintain a public status before they make one dime. The advantages were it was easy to raise money, but new rules have made it very difficult to raise money.
Now an investor must be a credited as they must have $100,000 in assets to participate in an IPO or Private placement. You cannot solicit them without knowing them, or the have to call you up so no cold calls

In the past three years many large companies doing over 30 million a year delisted them selves with the filing of a volunteer 13C FORM allowing them to trade on the picksheets and not require the above minimum fees

One sports company did that in the last 2 months see SSPY

A good investment decamouse? Well that is your opinion
My opinion is
All investments are a risk, so is putting a $1.00 in a slot machine, a scratch off, the lottery, hey taking a stab at a personal record in the pole vault is a risk.

I own 10 million shares and I paid for mine a lot at $.001 and some at $.50 and the value is $.12 today so my investment portfolio looks strong as GJRI can only go one way now as it gains companies.
The next one will be www.wallst.com CORRECTION www.wallst.net

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products; delays in testing and evaluation of products; and other risks detailed in the Company's information package available upon request from the Company.
keep on pitching I will hit them all back

[Decamouse]

No doubt about talents in marketing and spin. So you said you bought the Essx name and equipment yet you say you left Essx and will now have a new greatest thing since sliced bread. Why would someone get ride of such potential? New name of new company but same pole name? Is the new company going to sit on the ASTM Task force? Is this the trickle down from when you where replaced as CEO a few months ago?

2004-1998=8? not according to math I learned! Also list is .085 on web - but these are just a few in a long line of minor glitches in reality

[Bruce Caldwell]

No doubt about talents in marketing and spin. So you said you bought the Essx name and equipment yet you say you left Essx and will now have a new greatest thing since sliced bread. Why would someone get ride of such potential? New name of new company but same pole name? Is the new company going to sit on the ASTM Task force? Is this the trickle down from when you where replaced as CEO a few months ago?

Reality and the future


The newest thing since sliced bread LOL was held back until after the Olympics yes?

The Olympic rule is a product must be used in a major competition is it 1 year or 2 years before the Olympics to be accepted? I am not sure if the rule has changed?
I think you have misunderstood! sorry?
I left Giant Jr Investments Corp formerly Essxsport Corp. a Nevada corporation and Essxsport Inc. a Texas corporation their wholly owned subsidiary.
To form a new private company name to be announced Friday at 4:00 on here

Which will Manufacturer and distribute ESSX poles and Manufacture Catapole sold and distributed by PORTaPIT

Giant Jr Investments Corp. formerly ESSXsport Corp. Use to be mine as majority shareholder, as you sell shares the dilution becomes that 512 shareholders own the company. The company is qualified to be a (BDC) Business Development Corp.
This was the goal all along to bring it to this level.
It took time and money to do so. To become public initially it is faster if you have an actual company making revenues. Some do not have this and it takes them longer.

Now that it is, it can stand on its own without revenues other than those when stock is bought and resold for profit.

An investment company owns a company till it can stand on its own then it is sold off.
Any one who has a JR company and needs development might be an acquisition candidate for GJRI.

www.giantjr.com

The animation is cute in the left top corner at this site it is worth looking at.
Site is not complete yet.

[tim hutzley]

thats pretty wicked cool. So the next time I buy poles from you they will be the ones that are better than bread?

[~jj~]

Wow! I had not idea all that was possible. Sounds like the investors took it in the shorts. Not only did they lose all the equipment, but also the brand name, and the stock, additionally they still seem to carry the liability.
Mr Caldwell must have read Donald Trump's book.
I still want to know where the sales are. Companies can't function with out sales.
~jj~

[Bruce Caldwell]

Wow! I had not idea all that was possible. Sounds like the investors took it in the shorts. Not only did they lose all the equipment, but also the brand name, and the stock, additionally they still seem to carry the liability.
Mr Caldwell must have read Donald Trump's book.
I still want to know where the sales are. Companies can't function with out sales.
~jj~

Am I getting pounced on by each of the gill Boys one at a time you guys taking turns???? LOL

SORRY You do not have to have sales to be a business who told you that ???

You can have a business that has assets that generate more assets which could be called revenues.
Beside the company did $418,000 in sales the first three quarters??? oN poles and misc custom stuff.

The shareholders have 1/3 of MBH and other stock in other companies being reported this past quarter. When I bought the equipment I forgave more in value in money owed to me so the company and the shareholders came out in the good by over 30% Plus ther value of the stock is 10 times the value average the past two years!
PLus I waved my serverance Golden parachute clause that required the company to pay me 299% of last years salary if I resigned or step down as a director??? How about them apples?? Investors got to keep their shorts lol

All you guys know me and that is not what I am about and you know it!!!

[PVJunkie]

Bruce, no one is "pouncing"..........we are just curious. If you dont like the questions, dont reply. This was a big move for you. You left a co. that you believe will continue to grow to strike out on your own again. No offense but WHY??