Monday, March 21, 2011 3:07:45 PM
This is a NEW EFLN what happen in the past is just that the past. You can continue to hold onto the past if you like. However, this NEW EFLN is new with new management, new asset, new board of directors, now money, new direction and the old guard is out. Money generating assets will be place in the NEW EFLN and by the end of the year; at the present rate of transfer, we should see between 30 and 40 million in new money generating assets. No, spin just the facts.
After my research, I found nothing that would chance my mind on the contrary EAFN is stronger then I expected. I and any one else holding are going to make quite a bit of money form EAFN. EAFN is the White Knight no bogeyman.
I know the IPO would allow EAFN to offer a credit line to EFLN however, I am hoping that EAFN’s IPO will not happen and they deicide to fold EAFN into EFLN. If they are trying to raise $18 per at offering I wonder what the valued of EFLN would be if they decided to merge?
Time will tell
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