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'tax_man we don't know that
Ameritrade started this whole Fiascal as a lot of us remember. Now as you can see by the posts below Ameritrade is pulling B/S again. Posters say Ameritrade will not allow you to buy but you can sell, Why is that, They are not allowing you to short but you can sell Why is that?
We do not yet know if all the numbers match up with the T/A and the brokerage firms.
IMO Ameritrade wants shareholders to sell all the 144 Certs. WHY so they can get out of the mess they started. They will buy all the 144 certs shares for nothing because people are mad.
This is my opinion.
Now if we hold on to the Certs we may force them and other brokers to raise the SP. We all waited this long why cave into the Brokerages game?
Finally we have some progress being made. It is easy to forget how all this started when a long time as gone by and you are frustrated to boot.
I know some will sell and that is your choice but think about this, why Ameritrade is pulling this B/S.
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Posted by: CashoutflIn reply to: bullionbuyer who wrote msg# 15895 Date:5/18/2007 11:54:03 PMPost # of 15903
I assume they are trying to cover their A--es. They are proably on the hook for millions of dollars.
Posted by: CashoutflIn reply to: Dallas66 who wrote msg# 15881 Date:5/18/2007 3:11:20 PMPost # of 15903
Surprise, surprise. TDA is not taking orders for new opening positions in this stock. Bet you can sell to them?????
Posted by: bullionbuyerIn reply to: Cashoutfl who wrote msg# 15896 Date:5/19/2007 12:00:12 AMPost # of 15903
That is what I think. The pressure is on them now.
Posted by: A FriendIn reply to: tax_man who wrote msg# 15887 Date:5/20/2007 4:27:43 PMPost # of 15903
Tax Man ...
I looked into taking on a NEW PAVC short position, but was informed that short sales on this security were not allowed, as they were unable to borrow the shares. (Wonder why?!) On the subject of shorts, A Friend of mine made a short sell back in May '06, for 1.5M PAIV shares at a .002 price. Following his $3,000 short sell, a series of short squeeze plays followed, making his short position looked rather grim. Especially when the PAIV pps hit .35, which put him on the hook for a big loss. Well, he survived the short squeeze, and the R/S took place, which resulted in a 7,500 PAVC short position. Now that the current PAVC pps has dropped down to .35, he can actually come out of a year long short hold nightmare ... money ahead! What I find amazing about this story is that nobody gave him a chance in hell to come out of ahead. Instead, old S-I-T-S @ .002, will probably come out money ahead of the current bag holders. Hummm ... I wonder how many more long short positions are out there, just waiting to cover cheap?
Simple solution
Keep it to yourself or share it in a Private Message with posters you trust. Simple as that. Thats what I do. A lot of spies are lurking on message boards.
This is the email by Phatmat14@aol.com
Insider Trading is a felony. Receiving material information before all the general public is illegal. These are posts the SEC and NASD would love to see. Cease what you are doing immediately. There are many people monitoring the boards ready to file complaints.
" Hey Brian, I got the email, hope you got mine. This "To the Moon" news for next week is exciting. Michael emailed me about midnight last night with the news. He passed along my message to Garr. Hope all is well." - GoVols1
This is one of a plethora of posts you have made proving your inside information.
Terrible Picture
A matter of taste
stocktrendsetter Agree short sighted posts
If I remember correctly we are in the black per last filing. Wait till the next filing. We are in a Global Economy and that is a fact. China is surpassing everyone and the USA relationship with China is good. We need China and they need the USA. As stated in a PR the 2008 Olympics are coming. Also in a PR it stated that EFGO and http://www.iexpay.cn/footer/contactUs.jsp would share a equal share of 50% on the profits made. Well if we own the China PayPal Company it is 100% not 50%.
Case closed EFGO managemnt has a Plan and I say next week will be positive news.
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Man, people are just ruthless when the price does not go up every day. Esprit got it going on....more so than most public companies....and way more than any pink. They are expanding their presence internationally at an incredible rate. The PR put out by Garr several months agao stated the A/S was increased for acquisitions. Duh! And they are doing just that. Gee, even if the 11 bil a/s was fulling in the O/S, what is would be their market cap? Today, it would be under $6mil. Cheap Cheap Cheap!!!!
Other than IR being overly zealous, nothing that Esprit has done in the past 6 months has been for not. In fact, recent news reflects results of efforts that began in 2006....if you bother to track historic PRs and other events.
This potential M&A with a China company acting the same as an early stage PayPal....with tons of banking connections/partnerships already established, is a coup du jour. This is the best and easiest way to get a foothold in China. To do it otherwise would require huge amount of business and government payoffs based on my understanding of the current corruption. Think about it? A pinky company that is about to own a Chinese PayPal with Olympic 2008 synergy (don't even get me started with Forex)!
Why are people only looking at the present cost instead of the huge upside down the road? Some of the negativity is amazing. Truly amatuerism in the investment world being presented by some of these posters.
People - if you want to trade something....there are thousands of other plays out there. That is how I make my daily paycheck. However, if you want a +1000x payback for a 1-2year hold, then buy and forget about it for awhile.
Bigdogs agree
I think this is very close and on a positive note there were alot of shares yesterday at .0001 and the MMs on the bid didnt budge one bit. THis tells me it was basically short covering which should be about done and next week we move out of this range.
Once this breaks the .0002 it should move towards .0005 pretty quick. I know alot of traders that wont buy this until the volume kicks in and the MMs start falling off the ask like crazy.
I see this happening soon and once it does word will spread quick over the trading boards and this one will move very fast.
Its on a ton of radars waiting for the breakout.
Key is to get in before the masses get on it. Im hoping for .001 within the next few weeks.
Right now it seems a 1000 miles away but once the momentum hits this could hit .001 in a day with the right news.
EFGO was at .0004 the other day and with some great news yesterday closed at .0009. Just goes to show you with the right prs the stock will move bigtime.
Agree Dallas
The SP Sucks in plain English. Not Happy with that.
Bigmoney....don't make the mistake of thinking I'm loyal to Bauer...I'm loyal to the $$$. Bauer has done nothing for me at all...I've never spoken with him. Bauer was brought in to head an "up and coming" business and move us to the amex or nas. I hate to say it, but Hawkins is the one that got us where we were/are value wise with the merger. I think Bauer is the one that initiated the R/S with the hopes of moving to a higher exchange quickly...we see where that went. Once I am in a position to take my money/profits out of this...bauer/hawkins/kwong/APO Health/Paivis will be but a bad dream and lesson well learned.
veloyt The DD on EFGO is simple, at this stage
A investor should
read the Company PR's
check the Company filings
check the town hall forum link above in I-box
read all the I-Box info above
check on info posters here have provided
do a search on the Company officers
IMO EFGO passes and is a GOOOOOOOOOO. BUY and HOLD this one.
CHINA BANK AGREEMENT HUGE NEWS IMO.
Problem is a lot of posters are to lazy to do their own DD.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
garde54
on the same token I could have bought enron or many other now defunct companies or companies that are shells and never going up and lost the money and there are a lot more companies that have gone bye bye over the past 50 years than companies that have become micosofts. It just does not help to say patience and coulda woulda and be millionairs in the making. One still has to do his/her DD make informed decisions and then watch to see if things change from when he/she bought the stock to make it not as presentable as when one first bought in. If things changed for the worse you would see people that have 100's of millions of shares getting out and like wise if things are great with news and known companies envolved and good management where they care about the shareholder then we stick around that simple.
Just got in from the Dentist if flippers
Want to Flip fine IMO we have a winner in management and EFGO. I am very curious as to what the future Divedend will be. IMO the company is just starting its campaign of positive news.
Allinxxl1968 hang in man
Your opinions are appreciated as well as a few others here.
Joey you beat me
Link to International Express Payment Corp's (Jiangxi's) website! Very cool...
http://www.iexpay.cn/footer/contactUs.jsp
'moneynmetals glad your fine
I hope a speedy recovery to you.
OK, I see how it goes now. When I was put under this morning we were at .0005 with no news. I wake up this afternoon and we close at .0009 on a volume of 400mil with simply awesome news.
Maybe I should do this more often???? NOT. LOL
This is Shock an awe for sure. Talk about the best medicine. This news makes me feel better then this morphine pump I have hooked up to my arm.
All I can say is WOW. Garr, Jack, and Richard just keeps delivering the goods as promised.
1 Earnings in the black
2 The Huge Deal with Lexis Nexis
3 Now this HUGE HUGE deal in China
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OT:Thanks for the well wishes. Things went as planned. I was looking at about a 50/50 chance of getting my voice back. They are now saying 90!!!
Prayer does work.
Maybe if I chuck a bed pan or two, I will be home by Saturday morning.
I'll try to check back in one more time tonight. I wish I could have been on the board today. The mood had to have been awesome.
Respects and thanks
Bill
AKA moneynmetals
More Positive news coming IMO
May 17, 2007 - 10:43 AM EDT
Paivis Corp. Reports on Corporate Developments and Strategic Objectives
Paivis Corp. (OTCBB: PAVC) reported on its recent corporate developments and ongoing strategic objectives.
As previously announced, the Company has completed its transition to the new transfer agent, Corporate Stock Transfer, Denver, Colorado. The agency has already commenced activities on the Company’s behalf. Management looks forward to pursuing its corporate and operational goals for the benefit of the Corporation its shareholders.
The Company has made solid progress on its business initiatives, including the following:
* Paivis’s products are currently available at 5,500 locations nationwide, an increase of 1,500 since January 2007. The Company is looking to continue expansion of the Company’s distribution channels by rolling out products to a total of 25,000 locations by the end of 2008.
* In 2006, the Company entered into a distribution agreement with a major retail distributor of prepaid products and services in the U.S. The Company continues to pursue additional distribution partnerships and partnerships opportunities.
* Paivis continues to seek and identify potential acquisition targets. In order to complete strategic transactions, the Company will require additional capital.
* The Company reaffirms that it is committed to pursuing listing on the NASDAQ or the American Stock Exchange. The Company will strive to meet the listing requirements, however, there can be no guarantee that any listing application will be approved, or that the Company will meet the listing criteria.
Gregory L. Bauer, President and Chief Executive Officer of Paivis, said: “We remain focused on executing on our strategic goals. Also, we continue looking for expansion opportunities that will provide growth and ultimately increase shareholder value.”
FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the “PLSLRA”) provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. PAIVIS intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause PAIVIS actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in PAIVIS annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov.
Paivis Corp.
Greg Bauer
Chief Executive Officer
Phone: 404-601-2885
www.paivis.com
or
The Investor Relations Group
Investor Relations:
Katrine Winther-Olesen / Emily Hanan
or
Media: Richard Wagner / Mike Graff
Phone: 212-825-3210
Source: Business Wire (May 17, 2007 - 10:43 AM EDT)
News by QuoteMedia
www.quotemedia.com
What We Look For In A Company, sound like EFGO?*
First-Class Management
* Proven Track Record
* Significant Personal Ownership in Business
* Intelligent Allocation of Capital
* Smart Application of Technology to Improve Business and Lower Costs
Strong Financial Condition & Satisfactory Profitability
* Strong Balance Sheet
* Low Cost Structure
* High After-Tax Returns on Capital
* High Quality of Earnings
Strong Competitive Positioning
* Non-Obsolescent Products / Services
* Dominant or Growing Market Share
* Participation in a Growing Market
* Global Presence and Brand Names
In CHINA, Winters added: 'With the 2008 olympics approaching, thanks Mr Chang
If there is any doubt or questions now about EFGO’s mission and goals then you are in denial or an idiot. No wonder the bashers were here.
Esprit Financial Group, Inc. (Pinksheets: EFGO.Pk) Announces Agreement in Principle with International Express Payment Corp. Serving Over 20 Chinese Banking Institutions
LAS VEGAS, NV, May 17 /PRNewswire-FirstCall/ - Esprit Financial Group, Inc. (PINK SHEETS:EFGO.PK) announced today that it has signed an Agreement in Principle with International Express Payment (Jiangxi) Corp. Esprit is to provide advanced electronic funds management services (EM2) to Jiangxi's current customer base and its network of over 20 Chinese-based banks.
Jiangxi operates a proprietary Chinese based 'closed loop payment system' which works similar to a Paypal(TM) type online payment service. Jiangxi, currently has contractual agreements with 21 Chinese based banks, providing internet-enabled payment systems, on their proprietary closed loop payment system. This current closed loop payment system provides services restricted to member banks and merchants whose customers subscribe to Jiangxi system. Currently, services are limited to electronic funds transfer within this closed loop system.
With this new Agreement, Esprit will greatly expand Jiangxi's service capability from a 'closed loop' to an 'open loop' system that can access a much larger pool of international banks and financial institutions. Esprit's Advanced Electronic Funds Management products, particularly EM2 and prepaid branded credit and debit card products greatly add service capabilities in demand by Jiangxi's customers. With Esprit's international financial services capabilities, clients will enjoy a competitive differential advantage versus other China-based 'closed loop' electronic payment providers.
The agreement covers current clients as well as any additional banks that may come on-stream to the current closed loop payment system. The partial list of member banks includes:
- Bank of China
- Bank of Beijing
- Agricultural Bank of China
- ICBC
- China Merchants Bank
- China Everbright Bank
- Industrial Bank Co., Ltd
- China Construction Bank
The agreement specifies that all revenue derived from this agreement will be split on an equal 50%/50% basis between the two parties. Both parties have agreed that this joint project shall commence immediately on execution of the agreement. Forward looking revenue projections for this service shows possible revenue streams on a conservative outlook basis of about 3 million dollars annually to an optimistic outlook of as much as 10 million dollars annually. The evergreen or recurring revenue stream may have a life cycle for as much as 7 to 15 years. We plan on posting our forward looking projections of this joint project in the Town Hall in the near future.
Jack Chang, head of the AEFM division, has said 'Esprit will deploy our proprietary EM2 money transfer system onto Jiangxi's existing 'closed loop' network providing a tremendous improvement in service capabilities. Existing Jiangxi customers will still enjoy all the benefits associated with the current system, but will now have a greatly expanded number of payment and funds transfer capabilities on a truly international basis.
Esprit CEO Garr Winters notes; 'This is the first of many financial contracts which we anticipate signing as the Company moves forward. This demonstrates proof of concept regarding the capabilities of our new AEFM division headed by Jack Chang. Jiangxi has recognized that our capabilities are right at the leading edge of international funds management, and that there is more to be gained by working with us on a joint venture basis than by trying to build an open international funds network themselves'.
Winters added: 'With the 2008 Olympics quickly approaching we realize that time is of the essence. We see a huge opportunity and are eager to tap into this surge of new users. Our agreement calls for a rapid forward implementation of the open loop payment system. Jiangxi has confirmed to the Esprit management that the member banks will start actively promoting the EM2 open loop payment system to their customers and Jiangxi will work with Esprit to market these new service capabilities to Jiangxi's installed customer base.
About International Express Payment (Jiangxi) Corp.
Jiangxi is the leading online payment platform in China. Owned and operated by International Express Payment Corporation, it utilizes and integrates the world leading online technology and banking facilities. 21 major banks in China have signed payment agreements with Jiangxi. The company is dedicated to providing secure and efficient customer services for online payment transaction and has established operational strategic partnerships with these financial institutions offering online payment services. Jiangxi services currently cover over 2.7 billion domestic and international bank cards.
About Esprit Financial Group Inc.
Esprit Financial Group Inc, is a public company engaged in a diversified number of online financial services.
PayDay Loans: The Company is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. Operations include licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market, under the Cash Now banner www.cashnow.org. The Company also operates www.cashnow.net, which generates leads of consumers looking for payday loans on behalf of our licensees. The company's proven business model comprises operations in the U.S. and Canadian markets as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
Forex: Additionally, the Company's Forex Trading division offers an innovative low-cost online Forex trading service at www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious day traders. All transactions are handled on a streaming pass-through basis. There is no trading desk, and no manipulation of quotes that lag the actual interbank market. Importantly, traders can continue to trade actively even during volatile periods that result from major news events of publishing of market reports.
Advanced Electronic Funds Management: The Company's Advanced Electronic Funds Management (AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduced holdback periods by banking institutions, particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capable of managing multiple bank accounts, remitting funds worldwide and provide banking capabilities to consumers without requiring that they have a bank account.
Structured Debt Resolution: This division will offer services that allow banks, financial institutions and other creditors to invite defaulted clients to negotiate a settlement online, in a neutral and non-confrontational manner, bypassing traditional collection calls and mail delivered notices of default.
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
Source: PR Newswire (May 17, 2007 - 2:30 PM EDT)
News by QuoteMedia
www.quotemedia.com
JustaNewbie read these they may help
Posted by: herbalife13
In reply to: cantwate who wrote msg# 15663
Date:5/9/2007 4:55:23 PM
Post #of 15822
cantwate here is all the info you need on Pavc
8-K April 21 2006 APO definitive agreement
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001144204-06-016747&Type=HTML
8-k May 11 2006 PAVC
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001108017-06-000398&Type=HTML
8-K May 17 2006 APO Health
http://biz.yahoo.com/e/060517/paiv.ob8-k.html
PAIV May 18, 2006 PR on name change
http://biz.yahoo.com/iw/060518/0130191.html
May 22,2006 PR. Paiv info on JPHC Shares
http://biz.yahoo.com/iw/060522/0130744.html
Paivis, Corp. Provides Information Regarding the Exchange and Delivery of Shares as per the Recently Completed Merger With Jupiter Global Holdings, Corp.
Thursday June 29, 2006 6:13 pm ET
http://biz.yahoo.com/iw/060629/0140620.html
August 3, 2006 PR Reverse Split and name change to PAVC
http://biz.yahoo.com/iw/060803/0150746.html
I posted this yesterday a PR is out today
Posted by: herbalife13
In reply to: garde54 who wrote msg# 41459
Date:5/16/2007 12:03:13 PM
Post #of 41724
Pink Sheets Categories
Pink Sheets has created a new categorization system to alert investors about the ability and willingness of individual issuers to provide adequate public disclosure in a timely manner.
Beginning in May 2007, each Pink Sheets quoted security will be put into one of the new categories described below. The categories are based on the level, quality and timeliness of a company's disclosure.
To give companies time to choose which category they would like to be placed in and take the steps necessary to provide the required level of disclosure for that category, Pink Sheets will begin the categorization process by placing a "proposed" label for each security on the Company Info tab of www.pinksheets.com. On August 1, 2007, we will begin to display the category label and a corresponding icon next to the company's trading symbol everywhere it appears on pinksheets.com.
OTCQX
Companies that have substantial operating businesses and provide credible disclosure to the public qualify for the premium tier OTCQX, which commenced trading on March 5th, 2007. For more information on OTCQX, please see www.otcqx.com. Companies listed on OTCQX or International OTCQX will have their premier tier logo displayed in lieu of a label and icon. All Pink Sheets quoted securities of issuers that are not able or willing to meet the high standards of OTCQX will be placed in one of the following categories and labeled as such on www.pinksheets.com effective May 1, 2007.
Disclosure Categories
* SEC Current or Current Information (identified by a Pink Checkmark icon) - Companies in this category will either be 1) registered with the SEC pursuant to 12(g) of the Securities Act and current in all required filings; 2) if not SEC registered, companies will make current information available to the market pursuant to Pink Sheets' Guidelines for Providing Adequate Current Information; or 3) a bank or foreign exchange listed company that makes their periodic reports filed with a regulator or home country exchange available on the Pink Sheets News Service.
* Limited Information (identified by a Yield Sign) - Companies in this category will have, at a minimum, quarterly financial reports prepared in accordance with GAAP, including financial notes, and certified by the CEO and CFO. Such reports will be available to investors either on the SEC's EDGAR system or, if not SEC registered, on Pink Sheets News Service. Financial reports must be dated within the last six months to be included in this category.
* No Information (identified by a Stop Sign) - The company does not make disclosure publicly available, or the available information is older than six months.
* Public Interest Concern (identified by a Skull & Crossbones) - There is a public interest concern associated with this company, which may include a stock spam campaign or known investigation of fraudulent activity committed by the company or insiders. During a spam campaign, companies that are not in the SEC Current or Current Information categories will also have their company's quotes blocked on pinksheets.com.
Category Descriptions:
By placing a label and corresponding icon on each company's quote page, as well as next to the trading symbol everywhere it appears on www.pinksheets.com, investors will be able to quickly determine if a company provides Current Information to the marketplace, if it provides no information, or if it is a Public Interest Concern.
Current Information
This category will be identified by a pink checkmark icon alerting investors that the company has made adequate and current disclosure available to the public. There are three types of companies that may be designated as Current Information providers:
*
Current SEC Filers
o Who is Eligible?
Companies that are registered with the SEC pursuant to 12(g) and are current in their SEC financial reporting requirements.
o What is Required?
Companies must post their disclosure on the SEC's EDGAR system, be current in their filings, and file their quarterly reports (10Q or 10QSB) within 45 days after the quarter ended and file their annual reports (10K or 10KSB) within 90 days after the fiscal year ended. There are no grace periods. No quarterly attorney letter is required.
o How Does A Company Get Included?
No action is required for issuers. Pink Sheets will monitor SEC reporting companies and will determine their status as current or not current. Pink Sheets will remove any security from this category if the issuer does not maintain timely filings.
o How Much Will It Cost?
There are no fees for EDGAR filers.
*
Banks, Insurance Companies and International Exchange Listed Companies
o Who is Eligible?
Non-SEC reporting federal or state regulated banks, insurance companies, and non-U.S. companies listed on a qualified foreign stock exchange.
o What is Required?
Banks and insurance companies must post on pinksheets.com the information they supply to their regulator; foreign issuers must post on pinksheets.com the disclosure that is required of their home country exchange. Disclosure may be in a non-U.S. currency, but it must be clearly labeled, it must be in English, and it must be posted in a timely manner. Pink Sheets, in its sole discretion, will determine if disclosure is posted in a timely manner. Banks and foreign issuers will also have to provide audited annual financials.
No attorney letter is required.
o How Does A Company Get Included?
Companies must Subscribe to OTCIQ.com in order to post required disclosure on pinksheets.com. Pink Sheets will monitor disclosure of banks and international issuers to determine category status.
o How Much Will It Cost?
There is an annual fee of $1500 for OTCIQ.
*
Other non-SEC Filers
o Who is Eligible?
Non SEC-reporting companies quoted on Pink Sheets that are able to conform to Pink Sheets' Guidelines for Providing Adequate Current Information. Companies in bankruptcy proceedings are not eligible.
o What is Required?
1) Disclosure - The company must publish disclosure that complies with Pink Sheets Guidelines for Providing Adequate Current Information (PDF) on the Pink Sheets News Service (available through www.OTCIQ.com).
2) Attorney Letter - The company must publish a quarterly letter from an attorney stating that the issuer's disclosure constitutes "adequate current public information" concerning the Securities and the Issuer and "is available" within the meaning of Rule 144(c)(2) under the Securities Act, (ii) includes all of the information that a broker-dealer would be required to obtain from the Issuer to publish a quotation for the Securities under Rule 15c2-11 under the Securities Exchange Act of 1934 (the "Exchange Act"), (iii) complies as to form with the Pink Sheets Guidelines for Providing Adequate Current Information. The letter must also identify the person responsible for the preparation of the financial statements and state that the attorney has personally met with management and the majority of the directors of the Issuer to discuss the Information. For more information on the Attorney Letter, see Pink Sheets Guidelines for Attorney Letters with Respect to Adequate Current Information (PDF).
3) Transfer Agent - The company must have an SEC registered transfer agent.
o How Does A Company Get Included?
Companies must Subscribe to OTCIQ.com in order to post required disclosure on pinksheets.com. Pink Sheets will verify that a current attorney letter regarding completeness of disclosure has been posted within 45 days after each quarter ended and within 90 days after each fiscal year ended. If such letters have not been posted, companies will be placed into the "Limited Information" or "No Information" categories.
o How Much Will It Cost?
There is an annual fee of $1500 for OTCIQ. There is an additional annual fee of $1500 to process the quarterly attorney letters.
Limited Information
This category will be identified by a Yield icon displayed next to the company's trading symbol everywhere it appears on pinksheets.com to alerting investors that the company has made efforts in the past 6 months to provide adequate and current disclosure available to the public.
* Which Companies Get This Label?
Economically distressed or bankrupt companies quoted on Pink Sheets that have posted some information in the last six months, either through the SEC's EDGAR system or through the Pink Sheets news Service (available through OTCIQ.com), but whose disclosure is not current or complete. Also, companies that are making an effort to provide adequate current information and have posted disclosure in the last six months but have not yet met the minimum requirements for the Adequate Current Information category. For non-SEC filers, at a minimum, quarterly financial reports prepared in accordance with GAAP, including financial notes and management certification, for a period within the last six months must be provided.
Companies in bankruptcy should post substantive filings (including monthly financial operations reports) made with the bankruptcy court on pinksheets.com in a timely manner.
* How Does A Company Get Out of This Category?
SEC-registered companies must become current in their disclosure as posted on the SEC's EDGAR system. Non-SEC reporting companies must meet Pink Sheets' Guidelines for Providing Adequate Current Information (PDF) and publish a letter in the Pink Sheets News Service (available through OTCIQ.com) from an attorney stating the completeness and adequacy of the company's current disclosure.
* How Much Will It Cost?
There is an annual fee of $1500 for OTCIQ.
No Information
Companies deemed to have no information will have a Stop sign displayed on their quote page on pinksheets.com with a notice to investors that adequate current information is not available to the public and that the company has not made any attempt to make disclosure available to the public in over six months.
* Which Companies Get This Label?
Speculative, distressed, or thinly traded companies quoted on Pink Sheets that have not posted any information in over six months, either through the SEC's EDGAR system or on the Pink Sheets News Service (available through www.OTCIQ.com).
Companies in bankruptcy should post substantive filings (including monthly financial operations reports) made with the bankruptcy court on pinksheets.com in a timely manner.
* How Does A Company Get Out of This Category?
SEC-registered companies must become current in their disclosure as posted on the SEC's EDGAR system. Non-SEC reporting companies must publish 1) disclosure that complies with Pink Sheets Guidelines for Providing Adequate Current Information (PDF) on the Pink Sheets News Service (available through www.OTCIQ.com) and 2) a letter from an attorney stating the completeness and adequacy of the company's current disclosure. Or, if a company posts some disclosure on EDGAR or on OTCIQ but does not yet meet the requirements of the SEC Current or Current Information categories, the company may be placed in the Limited Information Category.
Public Interest Concern
For stocks with unsolicited spam, questionable promotion or other public-interest concerns, a Skull and Crossbones icon will be displayed next to the company's trading symbol everywhere it appears on pinksheets.com. If there is no current information available for a company that is the subject of unsolicited spam, the company's quotes will also be blocked.
* How Does A Company Get Out of This Category?
A company may be removed from this category once it meets the qualifications for the Current Information category and Pink Sheets is satisfied that there is no longer a public interest concern. In order to make this determination, Pink Sheets may require the issuer to provide additional information
As a quotation, disclosure, and trading venue driven by OTC market trading demand instead of the traditional exchange listing process, we believe categorizing securities by their level of disclosure will greatly enhance the capital formation process.
Related Information
* Press Release - Nov. 6, 2006
* Pink Sheets Guidelines for Providing Adequate Current Information (PDF)
* Pink Sheets Guidelines for Attorney Letters with Respect to Adequate Current Information. (PDF)
* Subscribe to OTCIQ.com
For further information on these new categories, please contact our Issuer Services Department at 212.896.4420 or by email at issuerservices@pinksheets.com.
Good post Moneynmetals
There are much more important issues. Lets move on.
Posted by: moneynmetals
In reply to: kraken who wrote msg# 41605
Date:5/16/2007 7:08:54 PM
Post #of 41643
Kraken, I guess since we put the O/S, A/S question to rest, they need something else to worry about.
It just baffles me to now end, that with all of the great news we have had this month, we don't read more posts regarding how Esprit continues to deliver.
Let's go over what we have had so far this month
1. Earnings in the black. On just 3 revenue streams!!
2. We found out that cashnext.com and loanconsultant.com, are both holdings of Esprit. Loanconlsultants works like a Lendingtree.com.GREAT NEWS
3. Lexis Nexis partnership. Huge Deal!
I don't think everyone understands how big this affiliation will end up being for us.
4. Eurpean Forex Platform nearing implementation.As promised
5. Frankfurt Exchange.As promised
6. Pending OTCBB Merger/Buyout pending with a paypal type company. This will be HUGE if and when it hits.
7. We also expect to hear soon of a deal that will tie us in with a major bank.
OK, you get my point. Everything is moving along here, and at very nice pace I might add. Is everything going perfectly? No, of course not. To expect perfection like many here do, is just plain unrealistic.
It's ashamed that with all of this great news, we still are talking O/S, A/S, and now again the Dreaded R/S.
Why is this? I have absolutely no clue.
Respects
MNM
I post my opinions, nothing more.
Reverse Triangular Merger
What does it Mean? When the subsidiary of the acquiring corporation merges with the target firm. In this case, the subsidiary's equity merges with the target firm's stock. As a result of the merger, the target would become a wholly-owned subsidiary of the acquirer and shareholders of the target would get shares of the acquirer.
Investopedia Says... This form of acquisition is often used for regulatory reasons.
DaddyCoopDogg also the Company will save up to
$300.000 in fees to uplist by doing a Reverse Merger.
****************************************************
reverse merger - in the sense that with an acquisition it can still take 1 -2 years to be uplisted, where as with a reverse merger it can take 2 weeks, (though usually a little longer than that). Blockbuster is an example of a company that uplisted through a reverse merger - it's a pretty common practice to uplist quickly.
causeimdaddydamnit OK will Do
EOM
Volume 192.81 m Opinions Why
We stayed at. 0006.
Pink Sheets Categories
Pink Sheets has created a new categorization system to alert investors about the ability and willingness of individual issuers to provide adequate public disclosure in a timely manner.
Beginning in May 2007, each Pink Sheets quoted security will be put into one of the new categories described below. The categories are based on the level, quality and timeliness of a company's disclosure.
To give companies time to choose which category they would like to be placed in and take the steps necessary to provide the required level of disclosure for that category, Pink Sheets will begin the categorization process by placing a "proposed" label for each security on the Company Info tab of www.pinksheets.com. On August 1, 2007, we will begin to display the category label and a corresponding icon next to the company's trading symbol everywhere it appears on pinksheets.com.
OTCQX
Companies that have substantial operating businesses and provide credible disclosure to the public qualify for the premium tier OTCQX, which commenced trading on March 5th, 2007. For more information on OTCQX, please see www.otcqx.com. Companies listed on OTCQX or International OTCQX will have their premier tier logo displayed in lieu of a label and icon. All Pink Sheets quoted securities of issuers that are not able or willing to meet the high standards of OTCQX will be placed in one of the following categories and labeled as such on www.pinksheets.com effective May 1, 2007.
Disclosure Categories
* SEC Current or Current Information (identified by a Pink Checkmark icon) - Companies in this category will either be 1) registered with the SEC pursuant to 12(g) of the Securities Act and current in all required filings; 2) if not SEC registered, companies will make current information available to the market pursuant to Pink Sheets' Guidelines for Providing Adequate Current Information; or 3) a bank or foreign exchange listed company that makes their periodic reports filed with a regulator or home country exchange available on the Pink Sheets News Service.
* Limited Information (identified by a Yield Sign) - Companies in this category will have, at a minimum, quarterly financial reports prepared in accordance with GAAP, including financial notes, and certified by the CEO and CFO. Such reports will be available to investors either on the SEC's EDGAR system or, if not SEC registered, on Pink Sheets News Service. Financial reports must be dated within the last six months to be included in this category.
* No Information (identified by a Stop Sign) - The company does not make disclosure publicly available, or the available information is older than six months.
* Public Interest Concern (identified by a Skull & Crossbones) - There is a public interest concern associated with this company, which may include a stock spam campaign or known investigation of fraudulent activity committed by the company or insiders. During a spam campaign, companies that are not in the SEC Current or Current Information categories will also have their company's quotes blocked on pinksheets.com.
Category Descriptions:
By placing a label and corresponding icon on each company's quote page, as well as next to the trading symbol everywhere it appears on www.pinksheets.com, investors will be able to quickly determine if a company provides Current Information to the marketplace, if it provides no information, or if it is a Public Interest Concern.
Current Information
This category will be identified by a pink checkmark icon alerting investors that the company has made adequate and current disclosure available to the public. There are three types of companies that may be designated as Current Information providers:
*
Current SEC Filers
o Who is Eligible?
Companies that are registered with the SEC pursuant to 12(g) and are current in their SEC financial reporting requirements.
o What is Required?
Companies must post their disclosure on the SEC's EDGAR system, be current in their filings, and file their quarterly reports (10Q or 10QSB) within 45 days after the quarter ended and file their annual reports (10K or 10KSB) within 90 days after the fiscal year ended. There are no grace periods. No quarterly attorney letter is required.
o How Does A Company Get Included?
No action is required for issuers. Pink Sheets will monitor SEC reporting companies and will determine their status as current or not current. Pink Sheets will remove any security from this category if the issuer does not maintain timely filings.
o How Much Will It Cost?
There are no fees for EDGAR filers.
*
Banks, Insurance Companies and International Exchange Listed Companies
o Who is Eligible?
Non-SEC reporting federal or state regulated banks, insurance companies, and non-U.S. companies listed on a qualified foreign stock exchange.
o What is Required?
Banks and insurance companies must post on pinksheets.com the information they supply to their regulator; foreign issuers must post on pinksheets.com the disclosure that is required of their home country exchange. Disclosure may be in a non-U.S. currency, but it must be clearly labeled, it must be in English, and it must be posted in a timely manner. Pink Sheets, in its sole discretion, will determine if disclosure is posted in a timely manner. Banks and foreign issuers will also have to provide audited annual financials.
No attorney letter is required.
o How Does A Company Get Included?
Companies must Subscribe to OTCIQ.com in order to post required disclosure on pinksheets.com. Pink Sheets will monitor disclosure of banks and international issuers to determine category status.
o How Much Will It Cost?
There is an annual fee of $1500 for OTCIQ.
*
Other non-SEC Filers
o Who is Eligible?
Non SEC-reporting companies quoted on Pink Sheets that are able to conform to Pink Sheets' Guidelines for Providing Adequate Current Information. Companies in bankruptcy proceedings are not eligible.
o What is Required?
1) Disclosure - The company must publish disclosure that complies with Pink Sheets Guidelines for Providing Adequate Current Information (PDF) on the Pink Sheets News Service (available through www.OTCIQ.com).
2) Attorney Letter - The company must publish a quarterly letter from an attorney stating that the issuer's disclosure constitutes "adequate current public information" concerning the Securities and the Issuer and "is available" within the meaning of Rule 144(c)(2) under the Securities Act, (ii) includes all of the information that a broker-dealer would be required to obtain from the Issuer to publish a quotation for the Securities under Rule 15c2-11 under the Securities Exchange Act of 1934 (the "Exchange Act"), (iii) complies as to form with the Pink Sheets Guidelines for Providing Adequate Current Information. The letter must also identify the person responsible for the preparation of the financial statements and state that the attorney has personally met with management and the majority of the directors of the Issuer to discuss the Information. For more information on the Attorney Letter, see Pink Sheets Guidelines for Attorney Letters with Respect to Adequate Current Information (PDF).
3) Transfer Agent - The company must have an SEC registered transfer agent.
o How Does A Company Get Included?
Companies must Subscribe to OTCIQ.com in order to post required disclosure on pinksheets.com. Pink Sheets will verify that a current attorney letter regarding completeness of disclosure has been posted within 45 days after each quarter ended and within 90 days after each fiscal year ended. If such letters have not been posted, companies will be placed into the "Limited Information" or "No Information" categories.
o How Much Will It Cost?
There is an annual fee of $1500 for OTCIQ. There is an additional annual fee of $1500 to process the quarterly attorney letters.
Limited Information
This category will be identified by a Yield icon displayed next to the company's trading symbol everywhere it appears on pinksheets.com to alerting investors that the company has made efforts in the past 6 months to provide adequate and current disclosure available to the public.
* Which Companies Get This Label?
Economically distressed or bankrupt companies quoted on Pink Sheets that have posted some information in the last six months, either through the SEC's EDGAR system or through the Pink Sheets news Service (available through OTCIQ.com), but whose disclosure is not current or complete. Also, companies that are making an effort to provide adequate current information and have posted disclosure in the last six months but have not yet met the minimum requirements for the Adequate Current Information category. For non-SEC filers, at a minimum, quarterly financial reports prepared in accordance with GAAP, including financial notes and management certification, for a period within the last six months must be provided.
Companies in bankruptcy should post substantive filings (including monthly financial operations reports) made with the bankruptcy court on pinksheets.com in a timely manner.
* How Does A Company Get Out of This Category?
SEC-registered companies must become current in their disclosure as posted on the SEC's EDGAR system. Non-SEC reporting companies must meet Pink Sheets' Guidelines for Providing Adequate Current Information (PDF) and publish a letter in the Pink Sheets News Service (available through OTCIQ.com) from an attorney stating the completeness and adequacy of the company's current disclosure.
* How Much Will It Cost?
There is an annual fee of $1500 for OTCIQ.
No Information
Companies deemed to have no information will have a Stop sign displayed on their quote page on pinksheets.com with a notice to investors that adequate current information is not available to the public and that the company has not made any attempt to make disclosure available to the public in over six months.
* Which Companies Get This Label?
Speculative, distressed, or thinly traded companies quoted on Pink Sheets that have not posted any information in over six months, either through the SEC's EDGAR system or on the Pink Sheets News Service (available through www.OTCIQ.com).
Companies in bankruptcy should post substantive filings (including monthly financial operations reports) made with the bankruptcy court on pinksheets.com in a timely manner.
* How Does A Company Get Out of This Category?
SEC-registered companies must become current in their disclosure as posted on the SEC's EDGAR system. Non-SEC reporting companies must publish 1) disclosure that complies with Pink Sheets Guidelines for Providing Adequate Current Information (PDF) on the Pink Sheets News Service (available through www.OTCIQ.com) and 2) a letter from an attorney stating the completeness and adequacy of the company's current disclosure. Or, if a company posts some disclosure on EDGAR or on OTCIQ but does not yet meet the requirements of the SEC Current or Current Information categories, the company may be placed in the Limited Information Category.
Public Interest Concern
For stocks with unsolicited spam, questionable promotion or other public-interest concerns, a Skull and Crossbones icon will be displayed next to the company's trading symbol everywhere it appears on pinksheets.com. If there is no current information available for a company that is the subject of unsolicited spam, the company's quotes will also be blocked.
* How Does A Company Get Out of This Category?
A company may be removed from this category once it meets the qualifications for the Current Information category and Pink Sheets is satisfied that there is no longer a public interest concern. In order to make this determination, Pink Sheets may require the issuer to provide additional information
As a quotation, disclosure, and trading venue driven by OTC market trading demand instead of the traditional exchange listing process, we believe categorizing securities by their level of disclosure will greatly enhance the capital formation process.
Related Information
* Press Release - Nov. 6, 2006
* Pink Sheets Guidelines for Providing Adequate Current Information (PDF)
* Pink Sheets Guidelines for Attorney Letters with Respect to Adequate Current Information. (PDF)
* Subscribe to OTCIQ.com
For further information on these new categories, please contact our Issuer Services Department at 212.896.4420 or by email at issuerservices@pinksheets.com.
Pink Sheets to Begin Rollout of Disclosure Categorization Starting May 2007
Pink Sheets Categories
New York, NY - April 24, 2007 - Pink Sheets, LLC announced today that in May 2007 it will begin the process of categorizing issuers quoted on Pink Sheets based on a company's willingness to provide adequate public disclosure to the marketplace. Initially, each company will be assigned a proposed category, which will be indicated on their Company Info page in the Quotes & News section of www.pinksheets.com. Beginning August 1, 2007, all companies will be assigned a final category and a corresponding icon which will be displayed next to the company's symbol everywhere it appears on pinksheets.com.
All Pink Sheets companies will be placed in either the OTCQX premium tiers (companies must apply to be included) or will be assigned a disclosure category by Pink Sheets, as follows:
OTCQX Premium tiers
PremierQX - The highest tier for U.S. companies. Must meet the continuing financial requirements of Nasdaq Capital Market, provide credible disclosure to the marketplace, and nominate a Designated Advisor for Disclosure (DAD).
PrimeQX - Must have ongoing business operations, a $.25 (cents) initial bid price, provide credible disclosure to the marketplace, and nominate a DAD.
International OTCQX Premium Tiers
International PremierQX - The highest tier for international companies. Must meet the financial requirements of the NYSE's Worldwide Listing standards, be listed on a qualified international stock exchange, provide home country disclosure to U.S. investors in English, and nominate a Principle American Liaison (PAL).
International PrimeQX - Must be listed on a qualified international stock exchange, provide home country disclosure to U.S. investors in English, and nominate a PAL.
Disclosure Categories
Current Information (icon: Pink Checkmark) - Must either be registered with the SEC pursuant to 12(g) of the Exchange Act and current in all electronic filings posted on the SEC's EDGAR system, OR if not registered with the SEC, must meet Pink Sheets Guidelines for Providing Adequate Current Information, confirmed by a quarterly letter from an attorney, all of which must be posted on the Pink Sheets News Service and displayed on pinksheets.com (*- exceptions below). Disclosure is deemed to be current if it is posted within 120 days of the fiscal year ended (annual reports) and within 60 days of the quarter ended (quarterly reports) and interim material events should be disclosed on a timely basis.
* *Banks and Financial Institutions - Companies that report to federal or state banking regulators or to insurance commissions will be placed in the Current Information category if they post onto Pink Sheets News Service the same information they supply to their regulator (for example, to the FDIC), in a timely manner. An attorney letter is not required.
* *Foreign Private Issuers - Non-U.S. companies that do not furnish electronic reports on the SEC's EDGAR system that are listed on a qualified international stock exchange will be placed in the Current Information category if they post onto Pink Sheets News Service the same disclosure they supply to their home country exchange and to their shareholders, in a timely manner. The disclosure must be in English. No attorney letter is required.
Limited Information (icon: Yield Sign) - SEC registered companies must have posted some disclosure on the SEC's Edgar system within the last six months. Non-SEC reporting companies must have, at a minimum, quarterly financial reports prepared in accordance with GAAP, including financial notes, and certifications by the CEO and CFO and not less than six months old, posted either on Pink Sheets News Service.
No Information (icon: Stop Sign) - The company does not make disclosure publicly available, or its available disclosure is older than six months.
Caveat Emptor/Buyer Beware (icon: Skull & Crossbones) - There is a public interest concern associated with this company, which may include a stock spam campaign or other questions concerning the security or issuer. During a spam campaign, companies that have not, at a minimum, qualified for the Current Information category will also have their company's quotes blocked on pinksheets.com.
More information on the category rollout, including Pink Sheets Guidelines for Providing Adequate Current Information and Attorney Letter Guidelines verifying Current Information, is available on http://www.pinksheets.com/otcguide/categories.jsp.
About Pink Sheets, LLC
Pink Sheets, LLC is the leading provider of services, software and financial information for the over-the-counter (OTC) securities markets. Its electronic quotation, trading and disclosure services enhance the efficiency of OTC trading, provide better executions for OTC investors and improve the capital formation process for OTC issuers. For more information, visit the Pink Sheets website at www.pinksheets.com.
This is GREAT NEWS IMO in the BLACK. MONEY coming in Thank You Mr Winters and EFGO Management.
"net profit of $2,753.00 versus a loss
in the previous quarter of $168,409.00, an improvement of over
$170,000.00. Income increased by 25% in the current quarter."
This is GREAT NEWS IMO in the BLACK. MONEY coming in thankyou Mr Winters and EFGO Management.
May 15, 2007 - 1:30 PM EDT
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Releases Financial Statements for 1st quarter 2007
LAS VEGAS, May 15 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com released its quarterly financial statements today.
The Company made significant progress in the last quarter of 2007, showing a net profit of $2,753.00 versus a loss in the previous quarter of $168,409.00, an improvement of over $170,000.00. Income increased by 25% in the current quarter.
The net profit includes $40,000.00 in accrued development costs. On an adjusted basis, profit, excluding planned web development, would be $42,753.00, or about $.07 cents per 100k shares outstanding.
With a commitment to running a lean operation, the monthly burn rate (operating expenses) has also been reduced by about 28%. Key savings have been achieved in rent & utilities and salaries, wages and benefits partially offset by outsourcing website development. The savings achieved are in excess of $70,000.00.
Cash on hand increased by $523,307.00 from $342,208.00 to $865,515.00, due to certain recently announced financing activity and the sale of the Global-Vision company.
Importantly, the current revenue run rate is adequate to maintain ongoing operations as an ongoing concern.
Esprit CEO Garr Winters commented; 'This is a first step for us, as we move the Company forward towards our goal of providing a diversified portfolio of Internet enabled financial products and services. The first quarter results do not include the revenue streams of any of our new divisions. We do not foresee a major impact on revenue immediately, but do anticipate gradual and significant growth of top-line revenue through the rest of the year as the new products and services go live and begin to ramp up to full operation. In short, we have a stable base, and envision continued long-term growth moving forward. Our strong current asset position gives us the ability to execute on our long-term strategic plan without delays'.
Winters added; 'We are currently putting some realistic numbers together on a pragmatic basis to generate revenue targets. This will require some serious analysis, as many of the contracts being developed can have a significant impact on overall revenue. Realistically, we won't close every deal we're working on. Our approach will be to err on the side of caution. We hope to be able to provide more detailed guidance in the near future'.
The financial statements are available for download at the corporate website on the Town Hall page http://espritfinancialgroup.com/Forum.html and are currently in the queue to be posted to the Pink Sheets, where they should be publicly available shortly.
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public company engaged in a diversified number of online financial services.
PayDay Loans: The Company is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. Operations include licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market, under the Cash Now banner www.cashnow.org. The Company also operates www.cashnow.net, which generates leads of consumers looking for payday loans on behalf of our licensees. The company's proven business model comprises operations in the U.S. and Canadian markets as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
Forex: Additionally, the Company's Forex Trading division offers an innovative low-cost online Forex trading service at www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious day traders. All transactions are handled on a streaming pass-through basis. There is no trading desk, and no manipulation of quotes that lag the actual interbank market. Importantly, traders can continue to trade actively even during volatile periods that result from major news events of publishing of market reports.
Advanced Electronic Funds Management: The Company's Advanced Electronic Funds Management (AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduce holdback periods by banking institutions, particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capable of managing multiple bank accounts, remitting funds worldwide and provide banking capabilities to consumers without requiring that they have a bank account.
Structured Debt Resolution: This division will offer services that allow banks, financial institutions and other creditors to invite defaulted clients to negotiate a settlement online, in a neutral and non-confrontational manner, bypassing traditional collection calls and mail delivered notices of default.
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
Source: PR Newswire (May 15, 2007 - 1:30 PM EDT)
News by QuoteMedia
www.quotemedia.com
stockpicker1 Bookmarked thanks
Posted by: stockpicker1
In reply to: None
Date:5/15/2007 10:26:54 AM
Post #of 41040
Vols-I'll post the whole response from IR.
Hi there, here is an email i received from IR late last nite. You may have received some of the same information also. Things starting to look good and looks like the otc coming along quicker that they thought according to IR. Take care.
Regards,
Mike
Hi Michael;
Here's a response to your 504 questions. It appears with >> as I kept fwd the response to many others. Re other questions yes our cash situation is great and you will see that in the statements due tomorrow that we will file. As you can tell its 930 pm and we are still at it here so yes we are dedicated and committed to this. OTCBB is going better then planed in my view. The 504s were done in the 0009 and 0012 range. Since we are a non reporting issuer there is no FORM 4 per say that is completed however the brokers check the NASD database for insider trades. I can tell you that Since January of 2007 no insiders have sold any stock and in 2006 only the x CEO Kevin Price sold about $40,000 in 2006 as he used those funds to cover the various travels etc. There is talk or open discussions is of managers or insiders buying as much as 1 billion shares. Some of these guys have that kind of money that is about $600,000 at today's close. So yes they are buying how much they bought so far I do not know but when they buy they get flagged and when they sell they have to file another doc.
Here's the letter I sent to others re the writers screw up this morning FYI
>>> We have a new writer on staff and he was told to write a standard
>>> "boiler plate PR" that companies issue when they complete the 504
>>> financing. On his own accord he decided to change a few words which
>>> just came to our attention now. In summary a 504 rule financing means
>>> that the company issues restricted stock that accredited investors can
>>> turn into free trading after a certain period of time which they must
>>> hold their stock and they must register the stock in their state and
>>> only sell it in their state. If you go to the SEC site it explains in
>>> detail the process etc. I know the writer wrote "In order to properly
>>> fund much of our expansion into new financial products and services,
>>> we sold shares under this rule of exemption," . This is not correct.
>>> 504 stock can not be sold by the company as there are rules who can
>>> buy 504 stock. I know the bashers must be just having one hell of a
>>> good time with this one, but we can not do a retraction as eventually
>>> this 504 stock will become free trading. The financeers assure us that
>>> they are still holding on to that stock as longs.
>>>
>>> The above has nothing to do with the buy back. One has nothing to do
>>> with the other.
>>>
>>> Lastly, the downward pressure on the stock this past week is not
>>> because of this 504 financing. It has come to our attention that it is
>>> a large shareholder that has assigned their stock to some quasi hedge
>>> fund.
>>>
>>> I will ask Garr to post this in the TOWN HALL for everyone's reference
>>>
>>> Regards
At 05:13 PM 5/14/2007, you wrote:
Dear Sir or Madam,
Congrats on the dedicated work. I purchased shares on 2/27/07 and also May of 2007. Regarding the pr today would you be able to elaborate on a few questions please.
1) Regarding the 504 how many shares were sold? and what is the restricted time frame if any on these shares?
2) How long will you be able to fund your operations with these, otherwise what was the reason for the 504 Sales?
3) Is there a time frame for the merging with an otc company? I believe in what your company is trying to accomplish, but for getting more serious/long-term investors I believe this needs to be done ASAP, since pinks so much manipulation can happen between CEO's and investors, etc..
4) How long do you figure for the launching of the UK Forex site?
5) You have stated that you did a buyback of shares and not can you elaborate as to what was with the 504 sale?
6) I have heard that a Form 4 was filed that the CEO, CFO, ex CEO were looking to purchase sharess in the open market. Is there any truth to this matter?
I appreciate your time once again in answering these questions and looking forward to the finanicals coming out tomorrow and espically the next few quarters when the growth starts to show.
Sincerely,
Michael
If you use charts EFGO looks good
If we cross the 50 MDA it would be nice.
Accumalation good.
Money Flow good.
RSI good.
http://stockcharts.com/h-sc/ui?s=EFGO&p=D&b=5&g=0&id=p76812686948
klausi not me I have been here for a while
management of EFGO is puting things togeather.
Things are clicking and a lot of good PR's are on the way with very positive news.
If we get a OTC.OB Company what is to stop EFGO in doing a reverse mergaer.
Also if we get a OTC.OB Company it is ours and I am sure we get to participate in some way. Maybe a share for shares dividend.
**************************************************************
maybe stupid thought, but what about selling now and get in cheaper after financial release...
'klausi 0006 and 0007
Esprit will be releasing its financial statements today during trading hours. Garr Winters noted, 'We
May 15, 2007 - 6:00 AM EDT
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Listing on the Frankfurt Exchange
LAS VEGAS, NV, May 15 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce that it has obtained its listing on the Frankfurt Exchange. The Company has been given the ISIN number: US29666R1041 and is trading under the ticker symbol GZW.
The move will allow the Company to broaden its base of shareholders by reaching to the international investment community. Cross-border listing is a proven and effective vehicle for increasing demand by overseas retail investors, who currently invest in U.S. equities. In addition, there are very favorable tax laws for German investors who invest their own currency and hold securities longer than twelve months.
With the continuing expansion of Esprit's field of operations taking on a very international perspective, this presence will work in a synergistic manner with our anticipated growth in sales from international markets.
The Company will be engaging European based Investor Relations professionals with local market experience in promoting awareness of small and micro-cap businesses. Esprit CEO Garr Winters advised, 'Our intent is to build the depth of our shareholder base. The best resource for the task is a company with a proven track record building awareness for small and micro-cap clients with dual listings in the U.S. and Europe. Our financial advisors for the European market have pulled together a short list for our evaluation, with the objective of building buy-side demand.'
In other Company news, Esprit will be releasing its financial statements today during trading hours. Garr Winters noted, 'We had planned to release our quarterlies this morning. However, there has been a slight delay due to some procedural changes recently instituted by the Pink Sheets.'
About the Frankfurt Exchange
According to exchange data at their website, 45 percent of Europe's top 300 companies have their primary listing on the London or Frankfurt exchanges. The Frankfurt Stock Exchange (FWB) is by far the largest of the eight German stock exchanges. It ranks third in the world behind NYSE and NASDAQ. Since the launch of Xetra, its electronic trading platform, it has offered its clients not only floor trading through brokers but also fully-electronic trading facilities, whereby orders from any point in the globe are automatically inputted into the order book on the central computer. The FWB was founded over four hundred years ago in 1585. The FWB is operated by Deutsche Borse AG.
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public company engaged in a diversified number of online financial services.
PayDay Loans: The Company is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. Operations include licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market, under the Cash Now banner www.cashnow.org. The Company also operates www.cashnow.net, which generates leads of consumers looking for payday loans on behalf of our licensees. The company's proven business model comprises operations in the U.S. and Canadian markets as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
Forex: Additionally, the Company's Forex Trading division offers an innovative low-cost online Forex trading service at www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious day traders. All transactions are handled on a streaming pass-through basis. There is no trading desk, and no manipulation of quotes that lag the actual interbank market. Importantly, traders can continue to trade actively even during volatile periods that result from major news events of publishing of market reports.
Advanced Electronic Funds Management: The Company's Advanced Electronic Funds Management (AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduce holdback periods by banking institutions, particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capable of managing multiple bank accounts, remitting funds worldwide and provide banking capabilities to consumers without requiring that they have a bank account.
Structured Debt Resolution: This division will offer services that allow banks, financial institutions and other creditors to invite defaulted clients to negotiate a settlement online, in a neutral and non-confrontational manner, bypassing traditional collection calls and mail delivered notices of default.
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
Source: PR Newswire (May 15, 2007 - 6:00 AM EDT)
News by QuoteMedia
www.quotemedia.com
'Allinxxl1968 I posted this a while back.
IMO a R/S would be a good way for EFGO.
Opinions please
Posted by: herbalife13
In reply to: chud03 who wrote msg# 38263
Date:5/5/2007 10:52:33 AM
Post #of 38432
chud03 IMO the Name change and Cusip Change
Did very little to get the shorts to cover as was stated in the below interview by Mr Winters. Also IMO the stock is still being shorted and I do not think the Shorts really care even with the forex coming on line.
They are corrupt period. As long as the Company is a Pink or even an OTC.OB Company the corrupt MM's will short the companies stock.
The only way for EFGO to help resolve this problem is to move to a higher exchange. Like the Amex, Nasd, or NYSE.
How can this be done? One way is through a Reverse Merger with an already company on one of those exchanges.
Another way is to build your market cap through a Reverse Split.
Now a lot of posters will say no to this but if the Company can acheive a move to the NASD, AMEX or NYSE it is surly worth looking into IMO. We have to get off the Pinks and the OTC.OB is not the answer.
We need a higher exchange period.
I beleive in the EFGO management and I am sure they would welcome discussion on this matter.
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Posted by: chud03
In reply to: None
Date:5/5/2007 7:02:45 AM
Post #of 38264
Companys to make you wealthy in the future. Exerpt from Motly fool. 4 qualitys to look for when investing.---Again, we believe that tomorrow's big winners will start off:
Small.
Led by a dedicated founder.
Fiscally conservative.
Profiting from a wide market opportunity.
I think it's done Allinxxl
"Many lenders that fund 504 type financing want to see this type of business development or “skin in the game” before they do any sort of financing."
I say the financials show a break even or a small profit!
I’m just curious what others think. It be nice to compare notes tomorrow as we climb towards 0008’s!
When I called a while back the IR said “the damn financials would look a heck of allot better if we didn’t spend so much on these techies and all the developments” I was trying to get AMAP info from him and he was tight lipped but did say “probably enough to show a PPS earning” I don’t think fractions can be issued in a PPS earning so it was probably something decent.
Its obvious that Winters is sold on the debt resolution and payday software while Chang is bullish on the EM2 and Sachhatano on the Forex and Cash Next.
That comment to me means that they made profits and have rolled it back in the business.
Many lenders that fund 504 type financing want to see this type of business development or “skin in the game” before they do any sort of financing.
Skin in the game shows that they are committed to their business.
moneynmetals I agree 100%
thus far management has been honest and forthcoming. I still beleive the Company has a lot going for it. Enough said for now. Funny I asked a question on the town Forum last night in regards to this.
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Soooo, this is the PR the company believes will give the pps the boost it needs.
All I know is, I have saved a half a dozen emails from IR saying that WE ARE NOT SELLING.
We better see a PR this week as promised, with the updated O/S, A/S, current float, and amount of shares bought back/ retired.
I will hold off with final judgement until then.
Good luck today everyone
MNM
Quarterly due this week
End of Quarter was March.
Positive things to come soon IMO.
Dallas on the share structure PAVC
from what notes I found the original A/S was 25 billion. Due to the R/S we went to A/S 125 million which includes all the restricted shares. The R/S was done on the total A/S not the O/S.
Around 25 million O/S is what I have noted at the time of the R/S. The Float is low but not sure of that number.
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Friend, from what I can figure...we have an O/S of around 30m and a float of around 18m - 20m with an A/S of 125m...anyone have more accurate numbers? I'm not positive on these by any stretch.
Press Release Source: Paivis, Corp.
Paivis, Corp. Announces Effective Date of Reverse Split and New Ticker Symbol -- PAVC
Thursday August 3, 2006 5:23 pm ET
ATLANTA, GA--(MARKET WIRE)--Aug 3, 2006 -- Paivis, Corp. ("PAIVIS" or the "Company") (OTC BB:PAIV.OB - News) today announces and effective Friday, August 4, 2006, Paivis will have a new ticker symbol, (OTC BB:PAVC.OB - News) and the consolidation ratio for the Company's planned reverse split will be 200 to 1, also with an effective date of August 4, 2006.
ADVERTISEMENT
click here
As part of the consolidation, on a 200 to 1 basis, the authorized common stock of the Company has changed from 25,000,000,000 shares to 125,000,000 shares.
There will be no fractional shares issued under the consolidation; therefore all fractional shares will be rounded up the next whole share. Also, any shareholder holding less than 100 shares post split shall be rounded up to 100 shares.
For additional information please contact the Company or its transfer agent Executive Registrar & Transfer, Inc. 3615 South Huron Street, Suite 104 Englewood, CO 80110 Ph. 303-783-9055.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. PAIVIS intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause PAIVIS actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in PAIVIS annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov.
Contact:
For more PAIVIS information please contact:
Paivis Shareholder Services
Phone: 800-963-6471
Source: Paivis, Corp.
Stop the PR's to many, let the Company run it's business
We have a Town Hall Forum thats enough. Unless something is of extreme importance then PR it. IMO the Town Hall Forum should be a more secure site so that only shareholders could view the forum.
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can somebody please bug the IR to find out what next week's PR's may have in store especially with the coming numbers due.
Allinxxl1968 Thanks
It is not a link it is a paid service database available to all accredited shareholders.
If you call your broker they can do a search. It may take a few days to show up as on 1 database it only shows Price selling in December and nothing else and on the other it shows that info plus the insiders management who are looking to pick up free trading shares.
'Allinxxl1968 is there a link
To insiders buying, I am not happy with the SP. Dam crooked MM's
WE need large investor as a Bank
That will open eyes
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We need a boost in volume to buy these guys out. A catalyst if you will, A PR or a darn good quarterly.
'GoVols1' Done
EOM
Thats it your reported you had your chance
To post facts with links. not slander someone with no facts.