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Not if the booty can't be shared with the rest of management.
I will tell you the after some DD, I have found possibilities of selling only the prefered shares for a huge gain, while the common shares are not on the equation.
I like the way you phrased your inquiry, very civilized and polite. Thanks.
Good googling itlogic.
Is it possible for a publicly traded company, kind of like what EFGO passes itself for, to sold for a huge profit to a third party and only the interest holding the prefered shares gets the wind fall? In other words, if EFGO was sold for $100,000,000, is it possible for only Minaco to rake it in while the pps of the common shareholder goes relatively unchanged? TIA
You meant to say this is not EVEN a quick flip stock.
IR BS:
They slipped up a few weeks ago and told the truth when they infered a trial period has to come before any deal.
Now they are back on the BS course by saying 60 days to a deal itself. Good going mahlb, your question threw out a 60 day figure and wouldn't you know it, it just happens to be a 60 day figure in the response. Isn't life easy!
Also EFGO is a publicly traded ( and I use the term as losely as it gets) company that is privately owned in a de facto sense buy Minaico.
Minaico, if you are listening, please extricate us from this slime by committing some slimey tricks. None of us are investors anymore, we are all opportunists. Thanks for the opportunity. It's strange how I am beseaching the very party who couldn't care less about the common shareholder to save us. No other recourse. I wish I could follow Chang around and shadow his dealings. I could have made out big. GVHL was 0.0001 and went to 0.03. But we were duped into siding with the white hats. Or so perceived as white hats.
GoVols, if you could only bottle the gulability of your IR correspondence. Now that's a stock I would buy. Plenty of people still willing to guzzle the Kool-Aid. Including myself.
I canelled my sell order for 50M. Can you believe how crazy I must be.
My reasoning is to be completely unreasonable. I am HOPING EFGO management can pull off some illegal activity that shoots this stock to 0.002. I am hoping it has something to do with those nasty shells. They certainly aren't going to raise the pps through successful contracts. Who wants to sign ATM or check 21 deals with a 0.0001 - 0.0002 POS? Besides, their "first to market" window is up. Chang was first to market and is laughing all the way to bank at the bunch of losers EFGO management is.
GO EFGO GO. Do your shyster act. Get some poor sap to buy your shells without really selling to them. The only way this company is going to raise our pps is through the black market, very black.
GO EFGO GO!!!
Hey money, adar7 here.
Good to "recognize" a friendly face.
Licking my wounds from the E--O shock. Hoping and praying for some miracle, as are you I would imagine.
Do we dare take a chance on another stock with a glaring warning notice on pinksheets.com?
I am impressed about the staying power once SPZI reached the penny range from the double zeros. But $450,000,000 a year in projected earnings??!!. And that's if they get only a 1% share of the market.! Wondering what your take is on that? I also am impressed that SPZI does not have to be "first to market" with a product or service that is not original in order to realize earnings. Paul and co. are on the verge of introducing something no one else has, and there seems to be some serious interest in it. GLTY!
I notice Stratey posts here as well. We all need to band together and give each other support after during these trying times at E--O.
62367 was not deleted. But if don't want to answer the question, so be it. Thanks for definition and source a red herring.
What's a red herring?
Take care Rasica. And thanks for answering my question on post 62,367.
How did you get ouy at 2? I have been waiting for two days.
Why the change of heart? You posted your intent to get out if they did not get CheckMark within the stated 2-3 weeks? I should have taken your advice even if you didn't.
I wish. That wasn't my sale that went through.
Serious accummulation eh? Yeah right...0.0001
Moot point now: 0.0001!
In case you don't know the pps at 0.0002 means that the sale will only go through at 0.0001. A pps of 0.0003 means that the sale will go through at 0.0002. Aint no way the pps is gonna hit 0.0004 in order for me to sell at 0.0003. Maybe in December. By then I hope to have made some scratch flipping on other stocks, then come back here to, G-d willing, take advantage of a management pump before their restrictions are lifted in Jan. '08.
"essentially a one-way deal" for the shareholders. Management will have none of that.
They are using all of us right in front of our faces with such language. All they care about is the company (i.e. future salaries, inside arrangements.)
Accummulation, maybe. But once this POS hits 0.0003, I have programmed 50M to be sold @ 0.0002. Everyone has been warned. I hope the MMs will allow me my sale to go through for that price. Friggin hostage takers.
I may return around December to see if Garr pumps this POS to position himself for '08 when his restrictions are lifted.
Hey GSSSMITH. Adar7 here from your EFGO days. UGH. DO you plan to get back in the game over there?
That's an insult to Tony. All IRs are scum.
Any of you longs plan to cash out tommorrow?
If not, what is your target pps?
A CEO is actually shrinking the A/S because he wants to maintain shareholder value. Somebody pinch me.
BYW, when was the last r/s and was Matt the CEO at the time?
TIA
Yep, as we all know, Garr says he plans to have alot more money by Jan. '08. There is no way even the biggest optomist among us can say this will come from the pps. His "alot more money" will come from his salary which begins in '08.
Just like you say Wolf, " the higher the monkey climbs, the more it shows its butt." Well, EFGO's profits are climbing and it will continue to show its butt to us shareholders. They will (have) used us like a used hanky. The company will get better, the pps will not have anything to show for it.
Trying to unload at 2. No go, yet.
Closed at no gain. No surprise here. I expect a close of 0.015 tommorrow, maybe 0.014.
Point well taken, goldogzz. The diference between that wonderful Feb day and now is, oh about 4.5 billion extra shares. Aint no way it's gonna happen again with all this extra weight. And they gave a direct no to a buyback.
For those of you who own businesses and supervise others, how rare is it for someone to so easily screw the pants off of you for millions like Chang did to Garr. Garr's giving out carte blanche to people strikes me as knaive as all get out for someone of his experience and caliber.
Correct answer, Garde. They are saying this PO, uh, to da moon stock is worth 0.0001!!!!!!!!!! AT BEST!
Were you trying to answer my question? Why won't my sales @ 0.0002 through?
mhalb, I would love to sell you my 49M @ 0.0002, but they are not going through. Why is that?
I can't get rid of these for 0.0002. Have been trying for six hours. Not one share sold. Doesn't anybody want these for 0.0002!?
I will say this about Stevie boy. He does file on time.
Post of the week, frankie. You seem to be one of the few that's grounded and realistic. While others will soon get frustrated and are scratching their heads about why this pinkie didn't behave according to their NASDAQ sensibilities, we will have taken advantage of the foresight of selling before management does the right thing and raise more capital and fund expansion through shareholder devaluation.
SLON is on the verge of an OTC upgrade plus unprecedented revenues from the books, plus expansion into multi-media delivery of his anchor book. This is BIG news that our Stevie boy will definately sell into. He is only human. This is new territory for him as well. He will sell into good news. Sell now investors. The inkling of what will happen has been shown today. Sell now and sop up the cheapies (0.004) for the next run up to about 0.009.
I just was able to sell some at 2. Just before the pps returned to 2.
We are at 3 now but Charles Schwab won't let me sell at even 2. Did any one try a test sell of a few hundred shares at 2 and failed?
Oh kindo, my dear child.
The feeling is mutual, Captain. GLTY, GLTA