Allinxxl welcome

glad to see you here, are you invested in PNMS or the PDR's

Panama Article looks good

Regular readers of these Postcards know Panama is one of our favorite tax and residential havens. But if you’re new to IL…Panama offers urban living, Atlantic and Pacific beaches, tropical forests, and coffee-growing highlands. Not only does the country welcome foreign investment and offshore banking with no taxes, but it also provides a host of tax-free benefits and reduced prices on goods and services for foreigners who make their home here.

Panama, with 3 million people in an area the size of South Carolina, has long been the crossroads of the world. Its strategic location as the narrow land link of North and South America allowed President Teddy Roosevelt and the United States government to build one of the technical wonders of the world--the famous Panama Canal, completed in 1914. (When you visit Panama, the Canal is a “must see.”)

Now Panama is working on a $5 billion building project to widen the Panama Canal to increase its capacity. The beginning of the huge project was marked by a ceremony on Sept. 3 attended by Panamanian President Martin Torrijos and foreign dignitaries.

A stand out among current offshore tax havens, Panama combines maximum financial privacy, a long history of judicial enforcement of asset protection-friendly laws, strong anti-money laundering laws, tax exemptions for foreigners and, due to its unique historic relationship with the United States, a high degree of independence from outside pressures, including those from Washington, D.C.

Despite its relatively advanced industrial and financial infrastructure, Panama remains an affordable place to live. A live-in maid earns as little as $150 a month and first-run movies cost $3.75. Unlike much of Central America, Panama boasts a first-class health care system with low costs compared to the United States. A doctor's office visit costs about $15. The European air of the Spanish-speaking country reflects its colonial history, but American influence can be seen in its supermarkets, malls, and currency. (The balboa, fixed at a one-to-one ratio with the U.S. dollar, is the official currency, but only coins are minted--U.S. dollars are used in all transactions.)

My advice: Come to Panama and see for yourself.

Robert E. Bauman JD
Legal Counsel, International Living

Editor’s note: Robert E. Bauman, JD, legal counsel for International Living, is a former member of the U.S. House of Representatives and author of The Offshore Money Manual. No one knows the A-Z of going offshore like Robert Bauman…so we asked him to share everything he knows at the upcoming Ultimate Event, Oct. 24-27. You’ll get an overview on how to profit from offshore opportunities…how to go offshore…and how to obtain dual citizenship and dual passports. To get on the guest list, see: http://www1.internationalliving.com/events/ue1007/ilpost.html.

Mr. Bauman also contributed to International Living’s “Guide to Visas, Citizenship, and Residency--New Opportunities for Privacy, Freedom, and Ease of Travel,” available here.

4Godnwv I have an opinion

I think the people running the PDR Exchange have a World Wide view of what is going on. A Global Economy needs an investment tool.
The PDR Exchange makes sense to me.

I did today

EOM .0002

thanks GoVols

ATTENTION:

Reconranger and I agree that this board has slowly been dying along with our moral, so I'm going to share some info that I've had for a bit, this might get me in trouble, but what the heck.

The China deal is done, or at least one of them. Michael sent me an email and told me that it's happening and that by Christmas we should all be very happy. Well, here is his quote;

"I will tell you that this ASIA deal is happening. It may be a NICE NICE Christmas surprise but its a REAL DEAL! I think it will be sooner then that!"

Want to know why the PPS is at .0001 and .0002? Michael's comments about a certain person, I have XX'ed out the name to protect the guilty;

"I never liked or trusted him. We think he
used one of those deep discount companies to sell his restricted EFGO stock. That drove the price down and they covered. Whose stock they covered with I dont know ? WE JUST DONT KNOW!!! It broke our heart as we work 12 to 18 hour days for this!!!!!!

There are several large EFGO shareholders. XXXXX had the list.

Look, several 500 mm days plus 400 mm days from 4 new market
makers??!! You guys couldnt connect the dots? XXXXX is selling!!!? All Im saying is XXXXX sells and uses someones free trading stock to cover. Stock rebounds back to 0003 or 0005 that investor still has his stock plus all the profit from XXXXX?!! If you look at the history of GVHL you will see that XXXXX pulled the same stunt on GVHL
and reversed the stock in 04!


Stay in touch"


This company will rebound!!! They have lived and learned. They are trying their darndest to make it happen for us and are on the verge of a MAJOR ANNOUNCEMENT!!! Get the 2's while you can, I have bought all that I possible could have and will add ASAP.

Allinxxl thanks for the clarification

On your position. It is good to know your still all in, others have stated otherwise as you know by reading the posts.
**************************************************************
Yes I’m still in EFGO haven’t sold and I added a few more.

I play a bit of pinks and OTCBB I do mostly IPOs (that’s how I got in CHNW – EFGO) I’m more into AMEX and NASDAQ plays.

BTW I noticed several of the EFGO shells (that they claim are not theirs but they do admit to having their finger in the pie) were just lit up in Frankfurt so if EFGO has some interest in them it could be interesting for all of us.

For those of you that are saying “Woooooo how did he know that” ????!!!!! Ummmm I read the Prs that were issued several weeks ago by those companies.

Allinxxl what is your position

are you still holding all your shares and if so what is your average.
Thanks

Distracted Scientist exactly

You Post
"What helps with the logic of my posts is that I generally do not post information that cannot be substantiated."
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23088982

I Agree
All posters have to do is follow all the posts, see who supplies legit info with Links. I would advise all here who really want to know what is transpiring with PNMS and the PDR Exchange to do exactly that.
DS, 4GOD and Cause have provided a wealth of information to help investors here with facts to back them up. A lot of the info is in the I-Box.
IMO There are some here on this board that want to see the PDR Exchange fail for their own selfish reasons.

StockSniper Yes Agreed.

Our market is filled with greed, manipulation and thieves. No company can survive against these odds.
The PDR ex. has the potential to change all that...not only for Panamersa...but for so many other companies now and in the future.
*************************************************************

Could you imagine Companies on the Pink Sheets and elsewhere which have the same problem that PYPR now PNMS are going through due to the corrupt US Market all of a sudden join the foundation!
It is coming IMO!

midas you made the statement

it is all about your credibility as a poster.

Posted by: herbalife13
In reply to: midas716 who wrote msg# 89625
Date:9/20/2007 8:35:35 PM
Post #of 89658

midas this is your answer to

I have 100% conviction that this company knew exactly what they were doing and all of these major blunders were nothing of the sort. These all have been calculated moves and I just do not believe they have the best interests of their shareholders in mind.

Back up your statement above with proof on your serious accusations.
************************************************************

Sorry. IMO.

Edit. doesn't seem like anyone can back up anything with these guys good or bad. Guess you all will keep having to rely on those emails and phone calls.
**********************************************************

Posted by: longlasting7
In reply to: midas716 who wrote msg# 89623
Date:9/20/2007 7:27:16 PM
Post #of 89626

I have 100% conviction that this company knew exactly what they were doing and all of these major blunders were nothing of the sort. These all have been calculated moves and I just do not believe they have the best interests of their shareholders in mind.

Wow. You must know something I don't. Do you have anything to back that up?

Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Signing of Utah PayDay Loan Regional Distributor
via COMTEX

September 21, 2007

LAS VEGAS, Sept 21, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --

Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce that it has signed another new regional licensing agreement of its PayDay Loan Software system to an independent Utah-based company.

Garr Winters, Esprit CEO noted: "While there has been a lot of focus on our opportunities in China, our PayDay loan licensing team is still hard at it doing business as usual. With the summer over, we expect to see more deals in the pipeline of varying sizes as the pace of business accelerates into Fall."

In other news, the Company will be providing updates on progress with the Check 21 processing services from China on the Company's Town Hall forum at its corporate website: www.espritfinancialgroup.com.

About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; and Advanced Electronic Funds Management.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.

SOURCE Esprit Financial Group

Copyright (C) 2007 PR Newswire. All rights reserved

midas this is your answer to

I have 100% conviction that this company knew exactly what they were doing and all of these major blunders were nothing of the sort. These all have been calculated moves and I just do not believe they have the best interests of their shareholders in mind.

Back up your statement above with proof on your serious accusations.
************************************************************

Sorry. IMO.

Edit. doesn't seem like anyone can back up anything with these guys good or bad. Guess you all will keep having to rely on those emails and phone calls.
**********************************************************

Posted by: longlasting7
In reply to: midas716 who wrote msg# 89623
Date:9/20/2007 7:27:16 PM
Post #of 89626

I have 100% conviction that this company knew exactly what they were doing and all of these major blunders were nothing of the sort. These all have been calculated moves and I just do not believe they have the best interests of their shareholders in mind.

Wow. You must know something I don't. Do you have anything to back that up?

midas716 another mistake

In your posting, come on man.
**************************************************************
Clarification on the $300 dollars.

The $300 dollars was the amount they recommended I send to myself from my account to cover the cost of the wire transfer. It was not a setup fee or a fee of any kind. Sorry for the confusion.

BigDogs excellent observation and info

Posted by: Bigdogs
In reply to: breezin_nyc who wrote msg# 65304
Date:9/19/2007 2:21:19 PM
Post #of 65413

breezin

I have communicated with the company a few times and they keep telling me there not selling here.

Most longs know that when the stock was in the .001 area for several months earlier this year it couldnt seem to go any higher. There was alot of speculation that certain MMs were shorting and that hedge funds may have taken a large short position.

My experience with pinkies is that MMs try desperately to get the stocks down to .0001 and that is where they cover. If the bid is .0001/ and ask is .0002 they will do whatever they can to get the ask to .0001 because they know that will scare away a ton of shareholders as they think there will soon be no bid and they should get out while they can recover a portion of there money. They feed off of emotions and fear.

I really think the MMs reached there ultimate target and also covered most of all there shorts and are now going to try to run it towards .001 and will take large positions at .0001 in the near future to make sure they benefit nicely.

Remember MMs are not policed on the pinkies and pretty much can do whatever they want and hedgefunds also play a huge role in this complete corruption scam of shorting pinkies.

Its all speculation on my part but I have dealt with tons of pennies and this is the cycle every year.

Alot of pennies never recover at these levels but EFGO has the assets and cash to make a huge run from here and China is the major key.

I really think in the next 2 weeks we will make a very big move. This is capitulation and that is usually on massive volume.

Good luck to all and Im betting alot that this happens so lets hope we can make a massive run.

EFGO management has stated that they think that if all there assets were broken up and sold off they would be worth .01 - .02. I totally believe that also and think a R/M and or a buyout will happen with a big reduce in share structure from the revenues they have coming in from there businesses in place.

I also got a subtle hint that the company could step in and buy a ton of shares at .0001. Hope it pans out and is announced that would bring alot of confidence back.

The subtle hint was they had a friendly MM at .0001.

SHANGHAI,Sept 19(Reuters)Shares in Bank of Beijing

doubled in their debut on Wednesday, lifted by strong investor interest in new shares and upbeat prospects for the domestic banking sector as the country's economy keeps growing strongly.

Beijing Bank's (601169.SS: Quote, Profile, Research) local-currency A shares opened on the Shanghai Stock Exchange at 23.00 yuan, up 84 percent from their initial public offer price of 12.50 yuan. Analysts had expected the shares to nearly double on their debut.

They rose further to an intraday high of 25 yuan by 0145 GMT, about 15 minutes after trading started.

Shares in the medium-sized Chinese bank's IPO were 125 times oversubscribed, attracting more than $250 billion in funds to a $2 billion sale, setting a record for subscriptions to an IPO in China's domestic market.

Its issue of 1.2 billion A shares, aimed at strengthening its capital base, accounted for 19.27 percent of its expanded capital after the IPO.

"The near-term prospects of China's banking sector are very strong due to the robust economy," said industry analyst Wu Yonggang at Guotai Junan Securities.

"Bank of Beijing will enjoy relatively faster growth among its peers partly because it is located in the Chinese capital and its business will be buoyed by next year's Olympic Games."

Beijing Bank, the third city bank to be listed in China, had a market share of 7.72 percent in deposits and 10.80 percent in loans in the Chinese capital in 2006, respectively in fourth and third place among 15 banks operating in the city, including China's four largest state-run banks.

SURGING STOCKS

China's annual gross domestic product growth surged to 11.9 percent in the second quarter from 11.1 percent in the first three months, putting the economy firmly on course for a fifth straight year of double-digit expansion.

China's banking stocks have surged this year, boosted in addition by the stock market's bull run, appreciation of the yuan <CNY=CFXS>, robust lending growth and rising non-interest income from businesses such as credit card services and wealth management.

Some analysts said they expected Bank of Beijing's earnings to grow more than 30 percent per year on average in the next three years, with growth in 2007 alone exceeding 40 percent.

At its intraday high, Beijing Bank's shares were trading at a price to earnings (PE) ratio of 52 times analysts' estimated 2007 earnings of 0.48 yuan per share.

That was below the forecast PE of Bank of Nanjing (601009.SS: Quote, Profile, Research) and Bank of Ningbo (002142.SZ: Quote, Profile, Research), the first two banks to go public among China's 120 or so city banks, but above the average for listed banks in China's banking sector overall.

Nanjing Bank had a PE ratio of 54 times against its forecast earnings of 0.40 yuan and Ningbo Bank 73 times against 0.34 yuan, based on prices in early trade on Wednesday. The average multiple for all Chinese banks listed on the Shanghai and Shenzhen stock exchanges is around 44 times forecast 2007 earnings, according to Reuters Estimates.

Beijing Bank's biggest single shareholder is Dutch financial services group ING Groep (ING.AS: Quote, Profile, Research), whose stake was diluted by the IPO to 16.07 percent from 19.90 percent. Beijing municipal agencies and Chinese state firms collectively own a larger share of the bank.

($1=7.52 yuan)

((Editing by Edmund Klamann; jianxin.lu@reuters.com; +86 21 6104 1792, fax +86 21 6104 1728)) Keywords: BANKOFBEIJING IPO

(C) Reuters 2007. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nSHA336329

Esprit CEO Garr Winters stated,
"This is an announcement that may well have profound impact on Esprit moving forward. We have been working towards this business milestone for several months

NEWS! rolling out the service to China based clients.


Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Check 21 Live Data Tests in China
Wednesday September 19, 6:00 am ET
LAS VEGAS, Sept. 19 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce that it will begin testing its Check 21 service for the Chinese market. The tests will use live data - processing actual U.S. dollar denominated checks for deposit in China.
ADVERTISEMENT
Based on successful test results, the Company will immediately begin rolling out the service to China based clients. Robert Xu, a consultant to Esprit's Advanced Electronic Funds Management (AEFM) division will be supervising the tests. He departs for China today and will be continuing work on various projects currently in the pipeline, in addition to the Check 21 tests.
Esprit CEO Garr Winters stated,
"This is an announcement that may well have profound impact on Esprit moving forward. We have been working towards this business milestone for several months.
It has taken a little longer to get here than we would have liked, but we are very bullish that the tests will prove the soundness of our strategic approach as well as the capabilities of our Check 21 processors."

Winters added in closing, "As incredible as it may sound, Esprit may well become the first non-banking institution to offer Check 21 services within all of China. As an independent financial services provider, we believe that Esprit is well positioned to work with any number of clients and strategic partners, without delays that may arise in regards to relationships with corresponding U.S. banks."

In the U.S., the number of checks being cleared via the Check 21 process has grown geometrically. On an annualized basis, it is estimated that Check 21 processed transactions account for roughly $13.6 trillion as of July, 2007. (Source: Transactions settled through the Federal Reserve, NCHA and SVPCO with no duplicate counting.)

Esprit will be providing further updates on its Town Hall forum available at www.espritfinancialgroup.com as the project moves forward.

About Esprit Financial Group Inc.
Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division, Forex Trading, and Advanced Electronic Funds Management.

D

Banana Stating ones opinion is not a crime

That depends on how the opinion is intended.
meaning, was the posted opinion slanderous towards a specific person with Ill intent towards that person which caused the person undo harm to his or her character?
***************************************************************
No! Not the posters! We are just stating opinions since we have nothing else. Stating ones opinion is not a crime. Neither is bait and switch, for that matter, It happens all the time with Pink sheet companies, doesn't it? Or is PNMS the only company that used that tactic that you know of?

midas pull out

if you do not like what is happening with the PDR Exchange, you have the opportunity to do so. Try calling IR or e-mail your thoughts to the source instead of trying to get answers on a message board.
"Pedro said that he understands that the system was not fully clarified to everyone, and will return the conveyance to any beneficiary who wants out. Those who do not want to be a member of the Foundation can remain in the US market."

That's the system, and is how they are able to protect and conserve wealth, while maintaining privacy.

**And they have yet to prove that they can/or have done any of the above. So how are they able to do this if they haven't done it yet. The proper wording most likely should have been.

"and is how they will attempt to protect and conserve wealth, while maintaining privacy."

Ultimately, each investor is responsible for their own investment decisions, and should only do what they are comfortable with. However, it is not everyday that common investors are granted access to the investments and investment instruments of the wealthy.

**Again you are stating this as fact like they have already done it. Show me how the have granted me access to investment instruments of the wealthy cause all I see right now is that I no longer have an investment. And from what your saying it's up to Pedro whether I can HAVE it back.

Pedro said that he understands that the system was not fully clarified to everyone, and will return the conveyance to any beneficiary who wants out. Those who do not want to be a member of the Foundation can remain in the US market.

I like what I see

EOM

Nice News Oct 15 is coming

I see a R/M or spin offs of some sort in the near future.

News Out

Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Signing of Florida PayDay Loan Regional Distributor
via COMTEX

September 17, 2007

LAS VEGAS, Sept 17, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --

Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce that it has signed a new licensing agreement of its PayDay Loan Software system to an independent Florida based company.

This is the second new license agreement within the last two weeks.

Garr Winters, Esprit CEO noted, "Our PayDay loan business continues to demonstrate growth and contribute to our financial results. There are additional license contracts in the pipeline under negotiation."

About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division, Forex Trading, Advanced Electronic Funds Management, and Online Structured Debt Resolution.

I Sell Homes Thanks


for the reply on the insurance question.

doubledip why don't you call

the Dallas Office and find out yourself, the contact info is in the I-Box, why do you always have to ask someone, call and find out?
************************************************************
Who is the Foundation member at the Dallas office that receives the certs, forms etc. MT ,Theresa and who else.

PepsiMan on insurance


would the hospitals in Panama honor US insurance companies such as Anthem Blue Cross Blue Shield for coverage of services rendered?
Or lets say Medicare?

livinginstyle thats right why bitch

And post constant negatives, complain to the source. IMO EFGO is building Assets vs liabilities and as stated many times on this board the company needed at least one year to implement its plans. If I remeber correctly this was stated when Garr became CEO which was in Jan of 2007. well Jan 2008 is almost here and Oct 15 2007 is the 3rd Quarter.

Posted by: livinginstyle
In reply to: JoeyClams who wrote msg# 64679
Date:9/15/2007 11:42:56 AM
Post #of 64690

We need to give this company some time to push forward with and achieve their business plan. They are talking like they have important business deals in the works, and I for one am fine with giving them extra time needed to accomplish their goals. The damage is already done. They have diluted our share base to nothing only to claim they are adding share holder value by increasing company worth. I knew they would use all 11 billion once they authorized them. Fine, the dilution is about done. Friday could have been dilution winding down, or shorts covering, or both. What ever it was, they wouldn't give me any at .0001 so I took em at 2.

They have claimed all along there will be no reverse split. They have recently claimed they will not raise the authorized shares above 11 billion. I'm fine with all that. But, they better mean what they say. As far as I'm concerned, to this point, they have not done anything they can be easily sued for. The 11 billion authorized shares gave the company legal rights to those shares whether they said they intended to use them or not. Going forward is another story. If they R/S or raise the authorized above 11 billion we will have grounds for legal action derived from public PR's stating the opposite. I say this based on what my brother, whom is a corporate attorney in Chicago, has told me based on the info I have given him. I also have a personal attorney who takes care of my business and he has confirmed what my brother has stated.

Both attorneys told me it would be foolish to pursue a personal suit due to modern day legal costs which could run into millions. But, a class action suit wouldn't be out of the question as long as the company has enough assets to lure the attorneys to the case. Corporate laws prevent anyone from suing individual company employees or officers. Now, if assets are insufficient to interest attorneys, there is always the chance the SEC or local authorities could pursue criminal charges based on securities fraud. We could put pressure on the SEC to investigate.

So, as for now, we are in the hands of company management whether they are good hands or not. I see so much whining and crying on this board it is just incredible. Everything negative being said on this board right now was being said by me more than 8 months ago. STRONGUS used to delete my posts like crazy. That was the time to listen and get out, not now. We are at the bottom, period! Whining won't do a damn bit of good at this point except drive potential new share holders off and possibly hurt company operations going forward. The damage is done people. If you rode it down then the blame is on you, not this company. As I have stated before, I am in this stock cause I see potential and because I decided to hold this stock for a year minimum. That's why I didn't sell on the way down. Like it or not, circumstances are what they are. You must either have faith and wait or sell and be gone. This board needs to change its attitude or be shut down.

BigDogs exactly Shorting IMO

NSS articles I just posted explain it all IMO. I think the company has a plan and will execute it.


I was also told

on Friday that the company was not selling at all. Im with Brian on this. This is the market makers positioning themselves and trading shares back and forth to each other with regards to covering there short position they had at much higher prices.

EFGO was in the .001 area for several months and this is when most likely very heavy shorting took place and now several months later that the MMs and hedgefunds have the stock at there price target .0001 there covering out.

I have seen this at least 5 times before with other pinkies to where the MMs and or hedgefunds force this down to .0001 so they can cover and shortly after that the stock moves back up if the company is for real.

All the incentives are there for Garr to get this stock to the point where he can get his stock. So my guess is he has a great plan together the next few months to get this stock to the point to where both him and everyone else can make a nice profit.

Key is to buy low while it appears everyone is selling and sell high when everyone is buying.

I still think .0015 - .003 will hit by Dec.

Call me a optimist but I know what EFGO has in regards to assets and if you break the company up and sell each part of there business there in the company is probably valued around .01.

Shamantiks you notice that

all the posters who start the rumors and opinions never supply any Factual info with links to back up their rumors.
**********************************************************

I just spoke to Panamersa IR, and got answers to a couple nasty rumors that were started here.

1) Is there going to be a Reverse Split?
Answer: There has been no talk to date of a Reverse Split.

2) Has the SEC contacted Panamersa? Is there a problem with them?
Answer: The SEC has NOT contacted Panamersa, and there is no known problem.

Just wanted to clear that up... I thought they were bogus rumors to begin with, but now we know. I know we're all a little bored while we wait, but let's give those creative minds some crayons to play with.

All sounds well behind the scenes - PDR exchange revamp is taking place aggressively, like everyone else I couldn't get a date nailed down. I also asked some additional questions, which I'll post if I get follow up on them, things of interest to us all.

I think we just need to wait another couple weeks or maybe month, and then we'll be able to peek under the hood and see how healthy PDR trading becomes.

mdavid40 Please enlighten us

Exactly!! Who th heck is buying any. ANd how would they since on the website you only have one option of what to buy. I know grade schoolers that could have made a better website then what these guys have out there. What a joke!! Just wait until the Privite investigator finishes up his report on these guys. I will make sure to post all the details!!

EFGO is building Assets IMO

here is a post that I saved it gives a simple explanation to what IMO may be happening with EFGO.
****************************************************************
Post.
My strategy was taken from a well known poster on I-hub. Below is the modified version:

All stocks are Junk!
If you lose money on a stock don't be surprised, sell it immediately, it's junk sell it!
If you make money on a stock, be glad you did, and sell it immediately, it's junk!

The average US worker earns a salary, pays taxes, and he/she gets to spend the rest. They think in terms of income and expense. They don't know the difference in an asset and a liability. Ask 90% of them and they'll tell you that their house is an asset. (Bankers perpetuate this misunderstanding).

The wealthy approach things completely differently. 1st of all they concern themselves with assets vs liabilities. Next, they spend as much income as they can, THEN they are taxed on the rest (hopefully ZERO if they are smart).

I say all of this because, while I have spent months here trying to explain this, I have also personally spoken to wealthy people who grasp the principles of a company building Assets vs Liabilities.

09.10.07 Town Hall


Share Dilution

Posted in Announcements, Investor Relations at 12:42 am by adol77dai51

QUESTION:

Is the Company diluting the stock? Straight up, simple answer please.

RESPONSE:

Yes, the Company has issued additional stock recently. Which will no doubt raise a number of additional questions, answered below.

The key factor is that we have added value to the Company well in excess of the additional stock issued. As will become apparent, the Company is further ahead today than it was before issuing the additional shares. Each day brings us closer to realizing that value.

There will be more announcements in due course. We are still on track to end the year very strongly.

1. Has it driven the stock lower?
2. Why issue more stock?
3. Why has there been no previous disclosure?
4. Why not pay Cash instead of stock?
5. Why focus on another new business area?
6. What is the current outstanding number of shares?

Has it driven the stock lower? We don’t think so, as regulatory requirements stipulate that this stock must be held for a reasonable period of time before it can be sold by the receiving party. As we posted earlier on the Town Hall, we believe it was shares purchased in the last round of 504 stock issued that were being liquidated. We also have to consider the possibility that Jack Chang is selling off all his shares, before any litigation is begun.

Why issue more stock? The Company has acquired additional shell companies, for use in our IFGX.com website. These have become important investments for the Company. Recent negotiations around the world have had an unexpected side benefit. We have been approached by a number of private companies that desire to go public.

We had to evaluate the pros and cons of assisting these companies. The bottom line is that it will bring significant additional revenue into the Company. More importantly, it will help solidify business relationships with potential clients in our lines of business, with whom we are currently in discussion.

IFGX has been on the shelf, and inactive. We had initially acquired a few shell companies for its operations, but had put those on hold pending the final decision whether to up-list or not, as well as possible spin-offs of core divisions as they mature.

This new demand required additional shell companies be available. We also needed to completely revamp the IFGX website, which should now be up early next week.The immediate benefit to the Company is the value of these shells, ranging from $500,000 to $750,000. IFGX now has a total of 4 shells in inventory, all of which can trade on the OTCBB venue.

Why has there been no previous disclosure? As we have advised, on a number of occasions, we cannot always provide real-time information, particularly for negotiations that involve third parties. There is also the very real issue that we need to be sure that any action we announce, and we better be able to execute, particularly after our experience with Jack Chang.

Why not pay Cash instead of stock? Our liquid capital is required for ongoing operations. Many of our core businesses require cash on hand in order to deliver our financial services. As we are focused in a number of financial service areas, we need access to liquid capital.The stock issue brings us to a point where IFGX is ready to roll. This service will generate significant cash flow upon consummation of its first deal, which can then free up additional capital for all operational aspects of the Company.

Why focus on another new business area? There was some trepidation associated with the decision to pursue this avenue. However, we are of the opinion that the benefits are very worthwhile pursuing, both from an income perspective, as well as relationship building with key contacts we wish to develop.

What is the current outstanding number of shares? The total number of outstanding shares has risen to above 10 billion shares issued. This includes financing of the new shell companies, as well as software development etc. The current number of outstanding shares will be posted to the Pink Sheets by Monday.

Permalink Comments
Minaco-Tradex Relationship

Posted in Announcements at 12:41 am by adol77dai51

We have had a lot of requests to explain the nature of our relationship with Minaco-Tradex. As we have previously advised, they are a private company, and are under no obligation to provide a public analysis of their business.

However, we have requested that they make an exception, and they have graciously provided some insight into their interests in Esprit. We have reprinted their email in its entirety.

from Investor Offices <minacotradex@yahoo.co.uk> hide details 8:27 pm (14 minutes ago)
to espritfinancialgroup@gmail.com
date Sep 9, 2007 8:27 PM
subject Interest in Esprit Financial Group
signed-by yahoo.co.uk


Dear Garr,

Further to your request of last week, we are responding with an outline of our corporate relationship with Esprit. As you know, we prefer to conduct our business in private, but in light of the furor that seems to have erupted around this issue, we are making an exception in this case.

You should know that I visited the Investors Hub discussion board, and was shocked at the negative speculation surrounding your activities. I tried to intervene with some third party assurances, and was quickly ejected by whoever manages this website. I guess they have no concept that we may be in a different time zone 6 hours ahead of you, and we don’t normally conduct business on a Saturday morning. In any case, I hope that this official response may help calm the waters. Please feel free to post it on your Town Hall. As an aside, I think that the level of transparency you have committed to is more trouble than its worth.

To Whom it May Concern;

Minaco-Tradex is a private Company that provides merchant banking services for emerging growth companies. We have had an informal relationship with Cash Now / Esprit Financial Group since it was initially founded, and we are very familiar with the initial success of the Company in the PayDay Loan industry.With the in-house Internet expertise of the Company, we have occasionally called on Esprit for assistance registering websites, and e-mail marketing initiatives.When Cash Now suffered an extreme setback after the head office was rendered inoperable by the hurricanes during the summer of 2005, we provided interim financial assistance to allow the company to survive.

More recently, Esprit’s diversification into other financial services has attracted our attention. We have been in discussions with Esprit regarding growth opportunities in China. In addition, and of greater interest to our core business, are the opportunities within Esprit’s IFGX business portal, and the need for merchant banking services to assist a number of private companies identified by Esprit seeking to go public in North America or Europe.

On review of the capital requirements needed to move forward in China and the IFGX projects, it became obvious that there was a need for liquid capital to be made available to Esprit for bridge funding and short-term capital requirements to execute against Esprit’s corporate growth strategy.

In addition to providing a line of credit to Esprit, we also anticipate providing merchant banking services for Esprit’s in support of a number of deals Esprit has in development to assist private companies going public in North America and Europe.

This strategic alliance will bring together the necessary resources to successfully meet the needs of currently identified projects, and in anticipation of additional deals that are in the very early stages of development.

Regards,

Zoran

Permalink Comments
Jack Chang Follow-up

Posted in Announcements at 12:27 am by adol77dai51

Esprit will be pursuing appropriate legal action against Jack Chang in regards to his actions while head of Esprit’s Advanced Electronic Funds Management (AEFM) division.Specifically, we will be looking for compensation in regards to written commitments made to Esprit regarding the provision of Check 21 and prepaid Visa/Mastercard from third parties, as well as his actions in regards to the previously announced business deals with the Union Bank of Nigeria and provisioning of payroll services for cruise line employees.The Company will be removing him as an officer of Esprit at the earliest opportunity.At this point, Esprit will also contact the appropriate parties to evaluate Esprit’s legal standing with regards to the Union Bank of Nigeria and service providers associated with the cruise line payroll project.

It should be noted that the Company has repeatedly tried to contact Mr. Chang by phone, mail and e-mail. Mr. Chang has failed to respond to any of these communications in any fashion.

Permalink Comments

REED198 I think

something good is about to happen for us EFGO shareholders, also Oct is the 3rd Quarter and I expect a Good filing.
************************************************************

Well, hopefully some news will be posted today or tomorrow to give all of us some insight into the resent dealing with the Chinese and others. Have a good day all!

issar0 finally a formative post

Panamersa is NOT founded to help us the US citizen, Pedro's charter is to help Panama and its Citizens and investors. PNMS is one of eventually 100's of companies consolidated into the foundation. So yes it should be that way. HQ will run the show. For Panama, again not for you, pnms or the US. Secondly, if you provide the certs into the foundation, you have a system defaulted to pay .01 - .012 current price of valuation. Its entered that way at the start. Panama price not US. with the gaurantee(yes have to wait) will get 2cent to 4cents pending the option. This will happen and the investors (Not flippers) will get the incredible return.

PNMS is involved and MT due to stroke of luck in my opinion. Pedro would have skipped over PNMS but needed to build a segment which MT can help do. MT stepped up to work with Pedro and be part of a Panama endevor and helping the PNMS shareholders at the same time. Very Smart decisions he has made lately.( My opinion by DD.),

Don't wait on the US market to drive the value up. Naked Short selling and crookedness keeps stocks like these down forever. taking advantage of the Panama exchange is a gift and one should not complain but be thankful in penny stock land...

your price again is already given when you get your account on the exchange. Sure feels better to see the value of .01 - .012. Next step is to wait let them build this system and then fully understand the optins available once it opens up.

If you don't like it. then ignore the incredible gift presented and move on. The others taking the chance will eventually be further along than 10 years of penny stock flipping. Nothing in penny stock is a guarentee. we know that but our risk to reward is the highest here than any other penny stock I've seen. my opinion.

Bottom line, MT is capitalizing on a a unique situation and time is needed to reap the benefits. give them time. its not simple to put in this type of system. it will actually take a year in my opinion to get it fully stable and operating as it should.

Prime Broker’s Defense; The SEC Made Us Do It - July 24, 2007

Dave Patch

As first reported last week, the case of Overstock.com v. Wall Street Prime Brokers has progressed to the next phase of trial after Judge John Munter of the Superior Court of California; County of San Francisco denied the defendants motion for dismissal. Court transcripts of the hearing are now available to the public and it appears Wall Street’s most prestigious firms will be rallying around a common defense.

Don't blame us, the SEC made us do it.

In the court transcripts it was Merrill Lynch Attorney James E. Lyons, Esg. of Skadden, Arps, Slate, Meagher & Flom who plead the case for the defendants and opined on several occasions that the activities of the prime brokerage firms were based on what the SEC has allowed them to do over the years. From the trading of unlimited quantities of naked shorts to the lack of compliance to existing settlement rules, the industries limited interpretation of recent SEC comments, and the lack of regulatory enforcement justified whatever actions the firms engaged in.

Under a twisted arrangement of half truths Lyons informed the Judge that "Reg SHO doesn't say you can't have a fail to deliver and even an intentional fail to deliver, and the SEC has said even naked short sales can provide benefits to the marketplace." Lyons limiting his definitions of intentional fails to deliver and naked shorts to only those legal trades he wishes to discuss leaving out the illegal trades the SEC has openly voiced concern over. Trades only a member of Wall Street can participate in by representing either the buy side, sell side, or both sides of the executed trade.

Lyons courtroom bait and switch denied the very existence of the SEC commentary imbedded in the 2003 SHO proposal where the SEC identified that "Naked short selling can have a number of negative effects on the market, particularly when the fails to deliver persist for an extended period of time and result in a significantly large unfulfilled delivery obligation at the clearing agency where trades are settled." With the SEC following up those remarks by saying that "naked short sellers enjoy greater leverage than if they were required to borrow securities and deliver within a reasonable time period, and they may use this additional leverage to engage in trading activities that deliberately depress the price of a security."

Wall Street ultimately failed to honor the concessions the SEC provided them in the 2005 release of SHO leading the SEC to quickly respond with new reforms only 2 years later. Chairman Cox, in his opening remarks to the 2007 changes revealed "Changes to our short selling rules we consider today are aimed squarely at abusive short-selling and market manipulation - and promoting fair, efficient, and orderly markets."

Those changes introduced by the Commission included the elimination of the controversial grandfather clause used almost extensively by market makers and member firms to sell these unlimited naked shorts into the public markets, doing so with great financial advantage. The industry ultimately abused the privilege provided and the SEC responded to the abuse. In rare form, the Prime Brokers continued to show little remorse for their actions again blaming company financials for the intentional fails executed into the market as if the two can ever be directly related.

Lyons: "They have both [Novastar and Overstock] reported dreadful financial performance and they have a terrible outlook for the future. It's no wonder their stock prices declined, and it's no wonder that people have engaged in short selling activity."

Did I miss a law somewhere? Where in our securities laws or rules does it say that it is acceptable to abuse, using illegal trading practices, a struggling company? I even have to question where Lyons received his analyst training to accurately depict the future outlooks of either public company. I thought Mr. Lyons was just one of those high priced ambulance chasers we all speak so highly of.

Lyons could not even keep his lines of reasoning straight as one minute he was arguing that the fails in these companies were related to legal naked shorts associated with market making activities. I must point out that in a collapsing stock there is no need for bona fide market making as the stock already has an imbalance on the sell side. And then in the next breath Lyons appears to be linking the fails to short sellers taking advantage of the poor fundamentals in the company. To that argument, Prime Brokers cannot legally execute orders for short selling clients where the intention is to fail the trade. Such trades would be in violation of SEC Rule 15c6-1 which demands 3-day settlement on trades.. Either way, his clients are involved.

Lyons really minces his words however when he summarizes on how intentional fails to deliver and naked short sales are good for the market place.

A good analogy to the Lyons propaganda would be to take the medicinal belief that "a glass of wine a day is healthy for you" and expand it to a grander scale leading to such conclusions that "binge drinking is a healthy habit if you just stick to drinking wine." Luckily the Judge did not take a sip from the Kool-Aid, or wine, Lyons was serving up.

Lost by Lyons in his translation are the scales of moderation vs. abusive levels. Even the SEC has been drawn to the conclusion that binge trading of sales that result in settlement failures is not healthy for our markets and could be used to manipulate the securities involved.

While Lyons portrayal to the courts that naked shorting is standard industry practice, the SEC and SRO rules do not follow such lines of reasoning and each has placed extreme limits on the use of intentional fails to deliver (naked shorts). Those limited exceptions apply to bona fide market making activities when necessary to create liquidity and are totally off limits to any retail or institutional client not registered as a market maker in a particular issue.

The bona fide market making exemption, in itself carries limitations in that these naked shorts used to create liquidity are to be temporary and would require that the market maker demonstrate a patterns of equilibrium in representing both the buy side and sell side of a market. Sell side only market making is not market making.

NASD Rule 5100 offers guidance on market making citing that "Disproportionate short selling in a market making account to effectuate such strategies will be viewed by the Association as inappropriate activity that does not represent bona fide market making and would therefore be in violation."

Thus where market making activities may have been responsible for the persistence of failures equal to and exceeding threshold levels for a period of no less than 18 trade days, 8 days of qualification to reach threshold level and 10 days of failure thereafter, there can be nothing legal about such activities. Eighteen trade days have never been considered a temporary measurement of time.

The only other option would be that those naked shorts were not market making failures, which would make them illegal except under some extreme and unusual circumstance. Such responsibility for the illegal trades would fall upon those responsible for the execution and timely close out of the failed trade.

By my read of Lyons commentary the Industry misinterpreted SHO and came to their own conclusion that the grandfather clause allowed market makers to short hard-to-borrow stocks without fear they would have to close out losing positions. As soon as the SEC recognized that the members were abusing the clause reforms were being drafted to stop the abuse.

‘Without fear they would have to close out losing positions.’ When did Wall Street become a riskless operation?

Ultimately, the case of Overstock.com v. Wall Street Prime Brokers will be settled in a Superior court in the state of California where the SEC will have no jurisdiction and little influence over the Judge and Jury who will be presented the facts in the case.

What will be interesting when those days come upon us will be how quickly and easily the Attorneys for Wall Street will throw the SEC under the bus after all these years of the SEC protecting these firms’ illegal actions. It will be fun to watch the SEC feel the pain that so many investors have felt over these past decades. Usually it is the investing public thrown under the bus by the SEC and now turn around will be fun to watch.

Neither the SEC nor the Prime Brokers will have a place to hide.

In December 2005 the General Counsel to Bear Stearns admitted in a conference call that "For the past few years we have been hearing from many different regulators regarding their concerns about the increase in the level of fails that they are seeing. They believe, and they have stated on numerous occasions, that one of the primary causes of the high level of fails was that various participants in the short sale process, prime brokers, executing brokers, clients, were not following already established rules."

This week these same Prime Brokers identified above spoke before a state Superior Court Judge and demanded a dismissal on the grounds that they did no wrong because the SEC has never taken an enforcement action against them. It was never about legal or illegal, it was about what the SEC has identified as acceptable behavior by these firms, legal or otherwise.

Request for comment from the Commission Staff at SEC was denied. The Chairman and his staff have seen the documents but have once again gone into silent mode as if possibly they have something of significance to hide.

A full copy of the transcripts will be located at www.investigatethesec.com soon so continue to check out the site for the link.

Later, Stockgate Today will discuss how market makers have and will continue to manipulate our markets through the use of abusive and intentional naked short selling when close out requirements come calling on losing positions.

Forbes Naked Short Article, read this

all you douters.

http://www.forbes. com/business/ 2006/04/13/ naked-shorts- lawsuit-cx_ lm_0413naked. html?partner= rss

Financial Services
Naked Shorts
Liz Moyer, 04.13.06, 3:35 PM ET

New York - Wall Street is circling the wagons after the first of what
could be multiple lawsuits against several big firms over collusion in
the prime brokerage business.

Late Wednesday, Electronic Trading Group filed suit against 11 firms
and unnamed individuals in Manhattan federal court, accusing them of
"anti-competitive" conduct and "conspiracy" in setting excessive fees
and controlling the securities-lending market.

ETG, an institutional trading firm, was acquired in October by
Schonfeld Group, a proprietary and retail trading operation. But by
Thursday, Schonfeld representatives were already trying to distance
themselves from the suit.

"We want nothing to do with this," says Schonfeld President Andrew
Fishman.

Howard Jahre, who used to be one of ETG's biggest investors, is
believed to be the individual behind Wednesday's lawsuit, which
targets Bank of America (nyse: BAC - news - people ), Bank of New York
(nyse: BK - news - people ), Bear Stearns Cos. (nyse: BSC - news -
people ), Citigroup (nyse: C - news - people ), Credit Suisse (nyse:
CSR - news - people ), Deutsche Bank (nyse: DB - news - people ),
Goldman Sachs Group (nyse: GS - news - people ), Lehman Brothers
(nyse: LEH - news - people ), Merrill Lynch (nyse: MER - news - people
), Morgan Stanley (nyse: MS - news - people ) and UBS (nyse: UBS -
news - people ). Jahre now runs an entity called Hedge Fund Capital
Partners, though a call to his New York office went unreturned.

The suit, filed on behalf of ETG by Entwistle & Cappucci, comes as
another plaintiff's firm, Milberg Weiss Bershad & Schulman, is
investigating pricing in the prime brokerage business. Milberg is also
preparing to bring its own class-action suit against the prime brokers
on behalf of hedge funds, which also believe they are being
overcharged or charged for services not provided. Earlier this week, a
partner at the firm would not comment on the timing of any lawsuit.

Prime brokerage is the business of catering to hedge funds,
particularly lending securities to funds so they can execute their
trading strategies. Securities lending generates about $10 billion in
fees annually for Wall Street, according to research from Vodia Group,
yet its pricing structure is a complete mystery to most observers.

But institutional firms like Schonfeld depend heavily on the services
of Wall Street and are unlikely to want to risk damaging those ties by
flinging around accusations of price collusion.

Nevertheless, lawyers not connected with either the Entwistle or
Milberg firms say the issue of pricing and the mechanics of the
securities-lending business are ripe for investigation.

One of the thorniest issues, and one which is addressed in the suit
filed Wednesday, is the phenomenon known as naked short-selling and
the prime brokers' hands in it.

In regular short-selling, the trader borrows shares for a fee from his
prime broker and sells them, hoping to buy them back later at a lower
price and reap the profit on the difference. But the prime broker has
to locate the shares, which then have to "deliver" or be given to the
trader before the sale is executed.

Sometimes, especially with illiquid or highly shorted stocks, there is
an imbalance, and the shares "fail to deliver." If the trader executes
the short sale without possession of the shares, that is known as
naked short-selling.

Hedge funds have grumbled for years about paying high fees for
hard-to-locate stocks only to find that they were never delivered,
even after the trade was executed. The crux of Wednesday's lawsuit
isn't that naked short-selling is bad, it is that traders are being
taken advantage of by a vast conspiracy among the prime brokers to
keep up this façade of phantom trading while charging high fees for no
service.

"Defendants effectively operated in a tag-team fashion--rotating in
the roles of prime broker, clearing agent or counterparty that enabled
the short sale transaction to go forward without the expectation of
delivery," the complaint says.

Representatives of the banks named as plaintiffs in the suit either
had no comment or did not return calls seeking comment. A Citi
spokeswoman said, "We believe the suit is without merit."

The complaint does not name money damages for ETG, but it does put the
time period from April 2000 to the present. The complaint also doesn't
mention specific short sales for which ETG was charged a fee but the
shares were not delivered.

The U.S. Securities and Exchange Commission has been studying the
issue of naked short-selling and even instituted new regulations in
January 2005 that require the stock exchanges to report stocks that
routinely fail-to-deliver. Companies like Martha Stewart Living
Omnimedia (nyse: MSO - news - people ) and Overstock.com (nasdaq: OSTK
- news - people ) have been on the so-called SHO list practically
since the beginning. Overstock.com Chief Executive Patrick Byrne has
tried to put a spotlight on naked short-selling.

Attorneys not connected with the Entwistle or Milberg firms say the
suits could potentially hit Wall Street for billions of dollars if the
accusations of collusion and unfair pricing can convince a jury that
damages are warranted.

And the issue could attract the attention of state and federal
regulators, as hedge funds increasingly manage money for pensions and
other institutions who manage money for ordinary investors.

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Links on NSS CMKX

Re: Financial Terrorism (Naked Shorting) Links...
«

http://cmkxunitedfo rum.proboards70. com/index. cgi?board= linksnss

http://cmkxunitedfo rum.proboards70. com/index. cgi?board= none
http://marketreform .proboards46. com/index. cgi
http://www.cfrn. net/investigates /
http://www.thesanit ycheck.com
http://www.investig atethesec. com/index1. php
http://www.faulking truth.com
http://www.ncans. net/



Financial Terrorism (Naked Shorting) Links...
«

Please visit these links that are helping with

The "War on Financial Terrorism" in the United States of America and
World Financial Markets ...

http://www.investig atethesec. com/

http://www.ncans. net/index. htm

http://www.faulking truth.com/

COMPANY USXP files with SEC

Heres what USXP has gone thru with the Sec
«

http://www.usxp. com/secmemoinop. pdf

From CEO of Overstock.com: Must SEE, Must HEAR}
«

From CEO of Overstock.com: Must SEE, Must Hear: Patrick Byrne's
Animated Slide Presentation ON NSS

This is a great presentation on naked short selling, ex-clearing and
the DTC...

Patrick Byrne's animated slide show part 1.
http://www.business jive.com/ nss/darkside. html

Patrick Byrne's animated slide show part 2.
http://www.business jive.com/ nss2/darkside2. html

Patrick Byrne's Dark Side of the Looking Glass :: Part III
http://www.business jive.com/ nss3/darkside3. html

------------ --------- --------- --------- --------- --------- -
Eagletech Communications Sues 40 - Financial Firms, Market Makers,
Brokers, & Individuals

Charging Fraud & Conspiracy - Common Law Fraud, Civil Conspiracy,
Conversion and Violation of the Rico Act Are Alleged in a Scheme to
Manipulate the Company's Stock
November 13, 2001 9:46 AM

FORT LAUDERDALE, Fla.--Eagletech Communications Inc. (OTC Bulletin
Board: EATC - news) a wholesale provider of next generation enhanced
telecom services to carriers today announced that it has filed suit in
the Florida 11th Circuit Court against a total of over 40 defendants,
including: Salomon Smith Barney, and six of its present or former
NY-Wall Street area office high level executives, certain market
makers, including Knight Securities, Schwab Capital Markets, and
Thompson Kernaghan, certain broker/dealers including, Oscar Gruss &
Son, Liss Financial, and National Securities, certain investment
banking firms including, The Paradigm Group, Valley Forge Securities
(formerly Bryn Mawr Investment Group), alter- ego corporations,
Trinity Technology Management Incorporated, Lloyds Bahamas Securities
LTD., former Eagletech CEO Robert Dobbs, and key individuals, Randall
S. Goulding, John P. Dorocki, and John Serubo, among others. Eagletech
is represented in this action by attorney firms O'Quinn, Laminack &
Pirtle, of Houston, Texas, Christian Wukoson Smith & Jewell, also of
Houston, Texas, and Arthur W. Tifford P.A., of Miami, Florida. The
suit alleges among other things, that during the period from February
1999 through the present, the defendants, working in concert,
orchestrated ``Pump & Dump'' then ``Toxic Convertible or Death
Spiral'' schemes, reneged on subsequent funding commitments, and
illegally manipulated the stock by an organized campaign of short
selling to depress the price. This has resulted in the alleged bilking
of at least $100 million dollars in market capitalization from the
company's stock and ultimately from the pockets of its common
shareholders, the attempted ``takeover'' of 95% of the company's stock
and the attempted ``stealing'' of its valuable patented technology.

The suit asks for compensatory damages, rescission of agreements, the
return of millions of dollars in illegally converted property, treble
damages, attorneys' fees, establishment of a constructive trust, and
the right to plead punitive damages. A separate action against these
defendants by the common shareholders is also contemplated.

"Most companies that have suffered this fate, are so financially
weakened by the organized attacks on their stock, that they have
little choice but to turn their companies over to these people, who
after the takeover offer jobs and new funding, usually the same
funding they once denied the company," stated Rod Young, Co-founder,
President and CEO of Eagletech. "We are the exception. We will not
accept this brand of financial terrorism. We will rebuild this company!"

According to Young, "Timely, best describes Eagletech's patented
technology that delivers next-gen enhanced services to carriers
without having to purchase next-gen switches. With the current telecom
capital implosion well under way, billions in redundant capital
expenditures could be preserved, by extending the function of existing
switches with Eagletech's technology. The company's mission is to
forge ahead, re-capitalize, establish new strategic relationships, and
return the value that has been stolen from the shareholders. Eagletech
is open for business!"

Lead council for Eagletech is John O'Quinn of O'Quinn, Laminack &
Pirtle. Mr. O'Quinn was also the lead counsel for the State of Texas
in the $16.5 billion settlement against the tobacco industry and is
rated as one of the top ten plaintiffs counsel in the United States.
He has obtained verdicts and settlements exceeding $25 billion in his
career. Florida counsel, Arthur Tifford recently won a judgment in a
similar "Toxic Convertible" - "Death Spiral" case totaling $389
million. ITIS dba Litidex, a wholly owned subsidiary of ITIS, Inc.,
formerly Internet Law Library (OTC Bulletin Board: ITII - news) has
been retained by the law firms to handle litigation support.

Mr. O'Quinn stated, "We filed this lawsuit based upon an investigation
of the financing and of the principals and associates involved. It is
our opinion that our client and its shareholders, like many others,
have been victimized and damaged by predatory financing schemes
involving numerous market makers and others designed to enrich the
financiers to the ruination of the companies financed. When the
financiers recognize tremendous potential in a company the scheme also
includes the takeover of those companies. Our firm is committed to
litigate this matter to a successful conclusion, regardless of the
number of parties ultimately named, the time involved or the expenses
we must incur or advance, for our clients." Gary M. Riebschalger of
the firm said, "The damage done to small companies and the people who
work for them is outrageous. These arrogant, selfish financiers who
use offshore devices and fraudulent schemes to enrich themselves at
the expense of the people must stop. We will expose them and their
'fat cat' buddies to the bright light of justice."

Eagletech Communications, Inc. is traded on the (OTC Bulletin Board:
EATC - news). Eagletech owns two patents on technology which allows
its Unified Communications/ Virtual PBX product to enhance the service
offering of the existing installed base of billions of dollars worth
of carrier telephone switches without carriers having to invest in
next- generation switching platforms. The Eagletech UC/VPBX with a low
barrier to entry, when coupled with a smart-build strategy, and
utilizing next-gen MPLS broadband technology will permit future
product offerings such as pure-play ASP services, and strategic
partnering in both voice services and data services. For more
information visit www.eagletech1. com for a test drive.

This press release contains forward-looking statements. The words
"estimate", "possible" and "seeking" and similar expressions identify
forward-looking statements, which speak only as to the date of the
statement was made. The Company undertakes no obligation to publicly
update or revise any forward- looking statements, whether because of
new information, future events, or otherwise. Forward-looking
statements are inherently subject to risks and uncertainties, some of
which cannot be predicted, or quantified. Future events and actual
results could differ materially from those set forth in,contemplated
by, or underlying the forward-looking statements. The risks and
uncertainties to which forward-looking statements are subject include,
but are not limited to, the effect of government regulation,
competition and other material risks.

Contact:

Noble House of Boston, Casselberry, Fla.
Art Batson, 888/217-2553
Fax 407/339-4826

SOURCE Eagletech Communications, Inc.

http://www.eagletec h1.com/prn1113. html

Banana read the I-Box

plenty of informative facts with links are there for everyone to read.
*************************************************************
Well, you may also have noticed that very few if any facts are being posted by the company officially and what they do give out behind closed doors (e-mails and phone calls)is directed at a select few. Doesn't that make you wonder a bit?The articles provided by the MODS are a wonderfull diversion, but do not provide what shareholders really want to know. IMO

Without verfiable public updates through press releases from Mike and Pedro, we have no information to post to back up or disprove the opinions.

I noticed that causeimdaddydamnit,

4God and distracted scientist posts facts with articles and links to back up what they state about PNMS and the PDR Exchange.
While others here post just opinions post after post.

Senator Bennett discusses NSS

http://www.senate.gov/~bennett/press/record.cfm?id=279519

mdavid40 it is NSS

just an example I used how it happens.

ElisComing Senator Bennett discusses NSS

Look familar

http://www.senate.gov/~bennett/press/record.cfm?id=279519

stealth321 try this

The stock holdings of LFWK insiders currently exceed the number of outstanding shares

LoftWerks, Inc. Fires Back: Vows Aggressive Strides to Complete Sulja Merger and Achieve Shareholder Confidence
Monday March 6, 10:00 am ET


NASHVILLE, TN--(MARKET WIRE)--Mar 6, 2006 -- LoftWerk's (Other OTC:LFWK.PK - News) CEO Dennis Ammerman reiterated today that anyone planning to flout LFWK stock in a shorting position would do so while bearing the full brunt of every available resource aimed to render them mute. "The small exchanges are plagued by this ludicrous and even perilous frenzy of negative influence," said Ammerman. "They've made a mistake this time; one that will cost them a great deal, and open the door to companies that rely solely on public market funding to reclaim their rightful roles of benefactor and driving force of true and accountable shareholder value."
The stock holdings of LFWK insiders currently exceed the number of outstanding shares that the company has issued to date. CEO Dennis Ammerman reiterates, "We must work to squeeze these people out of the way. We will work harder and smarter to put this behind us permanently, and get on with the business of growing businesses and not mounds of stock certificates.

"We are not sure how LFWK stock trades tens of millions of shares each day when our own insiders own millions of shares more than the outstanding shares issued; however, our focus must remain that of commercial viability and not equity market predilections if we are to truly benefit our shareholders and complete the merger with Sulja Bros. Building Supplies, LTD., the primary distribution arm of Consultech Construction Management, Inc. Midwest operations, as planned," said Ammerman.

Sulja Brothers will serve as the centralized and primary distributor of materials for all future projects. A twenty-four year old business, Sulja Bros. has achieved steadily increasing revenues since its inception and now averages over $30M annually. The company also currently has assets totaling more than $25M. It is projected that once Sulja Bros. settles into its new role, revenues could reach the $200M+ within twenty-four months. The increased inventory alone could place the company's assets at over $125M.

Opinion post
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There is a loophole in the system where MMs can short stocks up to a infinite amount and never have to cover. This is why the sho list is useless because it doesnt include Market makers who do most of the shorting themselves
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