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Is da moon north?
If I remember correctly, they said maybe a 4th qtr audit.
Please buy 14 billion shares tomorrow @ .10
Thank you
China is definately communist. Here is a list of some of the communist run countries.
http://www.k-nect.com/others.php?node_id1=12&relation_id=14&others=1&agree=1&more=1&relsel=1&gclid=CPDLiIG04pACFQU6awodtEYjXQ
Man, you hit it right on the head. Doesn't matter what you, me, or anyone else thinks something is worth. The market determines value, and it is never wrong based on current info at that monent. What an investor needs to determine is whether or not future value[u/] will be more or less than current value. That's how we make or lose money in the market.
No, the market wasn't wrong, it was telling you there wasn't enough investors interested in the stock to move the stock upward. You said it yourself, there wasn't enough interest in the stock to move it no matter if the company was undervalued or not. Was this the markets fault? No the market was right again. All the market does is reflect all current buying and selling. The market is never wrong, IT ONLY REFLECTS WHAT IS HAPPENING NOW! There is always a reason for what the market does, it is never wrong!!
How else will they raise funds other than selling shares? It doesn't matter if the current shares are under valued or not, new shares added to the O/S will always be dilutive to earnings and to the value of shares you hold because those two things are based on the derivative of all shares combined. So if you hold 10,000 shares of a company trading at 1 dollar which has 10 million O/S, your share value is $10,000. Now, if the company announced (or didn't announce) they were diluting (perhaps doing a secondary) another 10 million shares, what does that do? Well for starters, lets sat the company made 2 cents a share last Q. All of a sudden, that 2 cents turns into 1 cent. That makes your shares worth 50 cents.
I rest my case!!
The market is a collective of every one in it. When the market trades a security like EFGO at .0002, it does so by its investors based on current information. It cannot be wrong or it would not exist. Now, if news breaks on Monday which pushes this stock up or down from Fridays close, was Fridays close wrong? No because it was based on Fridays available info.
My point in saying the market is never wrong is the fact that the market says EFGO is worth only .0002 based on current info. If the market is wrong, why is it you can only get some where between .0001/.0002 for your shares. If you are offering your shares for sale at .0005, will they sell if the market says the most they are worth is .0002? Who does that make wrong, you or the market? Just ask Jim Cramer if the market is ever wrong.
I rest my case and that is all I will comment on this subject.
The market can't be wrong, or it wouldn't be what it is. Another words, what you see at that moment is what it truly is.
I hope you are right. But, the problem with going public the way they are is dilution after the initial price is established. If you look at an IPO, that is done differently. Shares are offered privately, pre IPO before the public can buy it. Example, a company is offering 20 million shares privately at $10 a share. Those shares are purchased prior to the stock trading publicly. The company sees 200 million dollars upfront before investment banker fees. The market cap and share structure of that company is known immediately. If the company is considered undervalued based on future earnings when the stock opens publicly, it will rise. Remember, the company's value was raised when it sold the 20 million shares, not counting the previously established value. It will fall if perceived overvalued which usually doesn't happen.
The problem we have here is the money raised to fund company operations is dilutive because no pre trading funds were raised like in the above example. So, where does that leave us? We will probably get screwed in the long run. Again, I have learned some very valuable lessons in pinky land. They will never ever see another fresh dime of my money.
One must look at past history for proable future direction. After all, a tiger cannot change its stripes. One must accept the fact that tigers are man eaters like EFGO management are share holder eaters. One of my favorites was when EFGO planted some one on this board to try and make us think they got a half cent a share offer from some one to buy the company. Talk about low lifes!
Perhaps this company will pull off an upset with this deal, but I will have to see it to believe it. Remember, the market is never wrong. Look at what the market thinks about the recent announcements.
If the company just had one good deal to hang their hat on, a person could garner some faith. But after Chang, IFGX, Forex and all the other so-called great deals that never transpired, how is one to have any faith or hope of better things to come?
As far as Goodlife is concerned, that will probably become a dilution monster. I hate the pinks and have learned very valuable lessons.
I can only hope you are right, but company statements like major news coming has always turned out to be false.
No disrespect intended, but as I see it, this stock will never run. Don't confuse me with a basher or a short either. I am 22 million long. I say what I say because this company has lied and changed directions on us so many times it's stupid, really stupid. Just look at this recent merger for example. How many times has it changed? How clear was the recent announcement? Just what else is this company trying to conceal from us? They should be arreasted and jailed.
If there was more to this company or this deal, don't you think they would want us to know about it? We can all hope for the best, but when a stock you hold needs hope to support it, it is almost always a loser.
Honestly uwlungman, you just have not read and understood the Jan 1 PR at all. I personally do not see how one could misinterpret one paragraph so completely. I will repost and comment on their very clear R/S intention below.
The company said-
["In order to complete these aforementioned transactions, together with the previously announced pending transactions the Company is undergoing a recapitalization process. The first step will see the Company issuing 1 share of Esprit for every 1,000 shares currently outstanding. This will be done by having the Company's Transfer Agent cancel all share certificates currently outstanding, and reissuing new share certificates to provide assurance that the public float accurately reflects the true share position."]
About Esprit Financial Group Inc.
Ok, see where the company says-["The first step will see the Company issuing 1 share of Esprit for every 1,000 shares currently outstanding. This will be done by having the Company's Transfer Agent cancel all share certificates currently outstanding, and reissuing new share certificates to provide assurance that the public float accurately reflects the true share position."]
The part where it says-"the Company's Transfer Agent will cancel all share certificates currently outstanding means current EFGO shares will be canceled. They are attempting to do this so the socalled shorts will get burned. The new share structure will then be recapitalized to total 1 for every 1000 shares that were outstanding. That clearly means a 1/1000 R/S! This is not hard to understand at all. Please stop trying to confuse everyone.
Evening everyone. I can't read this board during the day because I'm an on the road sales person for Felpro gaskets just outside Chicago. That being said, I am wondering if anyone has tried to contact this company since the announcement on Tuesday? Are they talking to investors at all? Have they said when we get our new ticker and cusip yet? Has there been any info at all?
TIA
So, where does that leave the value of our shares. I mean, it has to be a lot higher based on Goodlife's market value which should based on revenue, profit and growth, correct?
Maybe sometimes. What about the PR that changed on Goodlife website after Itilogic commented on it?
If it aint, I'll eat my 22 million shares for supper. Oh yes, soon to be 22,000 but I'll take that.
I saw a poster on this board post an email from this company that there was a management change coming over a year ago, pre 2007. Immediately, the stock saw big volume and spiked up. That information had not been made public yet. To answer your question, yes, what is said on this board can and does affect this stock.
I'd say you are 1000-1% right, lol!
Could you PM me the entire thing unedited? It would be appreciated.
tia
No question, we are the proud owners of Goodlife which breaks down to G R E A T - F U T U R E
:O)
This one is worth a repost. It is from earlier in the day by my friend Living.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25661044
If it only opens at a dime, it will not reflect any of the new company assets. It should open at over a dollar. If it opens lower, it will be a great buying opportunity. Remember, opening at a dollar only gives Goodlife a market cap of 11 million. Goodlife is worth much more than that.
Where do you see 14 billion shares? That is unclear. What company was that for? It was said EFGO did no longer exist. But here we are as Goodlife now. We won't know what the AS will be till the new ticker and cusip is issued. Way too much speculation. The new company will dilute, but how much is the question. Remember, the new company will be worth a lot more with only 11 million outstanding and its current asset base. Dilution may not hurt as bad as it did with EFGO.
I don't agree. Not much will happen until we either get a short squeeze or until the RS is complete. After the RS is complete and based on 11 million outstanding, we could see a share price in the dollars range. After all, this is a huge growth company with big profits.
Welcome back, I'm sure you were missed greatly. Since you've been gone our updates on the secretaries nails are almost non existent, lol. :)
As far as EFGO goes, I really think we have a true winner here. Many facts are yet to be revealed.
chud, did you buy back in? I wasn't posting back when you owned this stock but I was jealous of you owning over 100 million shares, lol!
If there are any significant short positions here, they will have to cover before Dec. 31st due to ticker and cusip change. Myself, I would guess shorts would have covered by now. Bottom line is this, things are coming to a head very fast. In less than 20 trading days we should be in real good shape as far as all the info being released to us. This stock will run hard.
President's message out this week. Perhaps tomorrow morning. That will shed some light. Maybe insiders bought last Monday after news release. 1.2 billion traded last Monday could mean many things. We will eventually find out all the "GREAT" news. Bashers and shorts are really getting desperate now. I can smell the sweat in their posts.
Feeling secure in your investment? As far as the additional shares are concerned, if momo hits share count won't matter.
Everything seems to lose a little during translation. I have a feeling that the meaning isn't NASDAQ, but rather NASDAQ OTCBB. But, if it is the NASDAQ, look at what Force Protection did after a R/S and a NASDAQ listing. It was pennies before the R/S and $30 after uplisting.
Did you see this part,
The financier Group CEO GarrWinters told reporters that they will advance into 5 million US dollars acquisition of good days 10% stake in the one-year period after their good day's total investment will reach 40 million US dollars.
Sounds like EFGO is financing 5 million, but with in a year Good Life will invest 40 million in something. But what does it mean?
Yes, for a 100% gain I must add.
Then why did Krifcher invest almost $100K in this stock? People with that kind of money don't just throw it away. He must know something. We'll see won't we. As far as insiders buying shares, that's a good question. Perhaps they will further down the road.
Greetings all. Does anyone know why this Ronald Nathan Krifcher invested almost 100K in this stock? Does anyone here know the man?
Bigdogs, you can add my 22 million to your share count.
Greetings everyone. Could someone tell me when earnings are due out?
tia
I agree with you herb. Nothing we can do till 3rd qtr, so why bitch. As Living said, we are at the bottom. I think we will slowly go up from here.
GSSSMITH
You may post it anywhere you like.