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I hate to say this but I think we've been all but eliminated.
Didn't we just go through a massive RS not all that long ago?These pink are really pathetic.
No there hasn't been R/S, We still have a bit of time to see. Before this train leaves the station.
If the EFGO shareholders get 3 % of the shares of Good Life there is not much to hope for as far as the stock price next year is concerned.[/I]
I find this statement to be misleading, since we have no idea of GoodLife China's share structure or what our cut will be.
From Haorizi (GoodLife's) General Manager.
http://64.233.179.104/translate_c?hl=en&langpair=zh%7Cen&u=http://www.haorizi.com/gsdt/zjlzc.html
Don't know, oops not suppose to say that, ha! It maybe all coincidental timing, just thought it was strange, Let's see who digs up what.
Check this out, looks like someone is working.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25535871
Hmmmmm..What do you think???
Global GVHL Signs Letter of Intent to Acquire Financial Services CompanyDecember 21, 2007 12:13 PM ET
Effective January 1, 2008, the following changes will occur:
A Mortgage Investment Company (MIC) is a specific type of corporate Canadian structure designed specifically for mortgage lending, (primarily residential mortgage lending) in Canada.
http://news.moneycentral.msn.com/category/topicarticle.aspx?feed=PR&Date=20071221&ID=7972364&topic=TOPIC_DIVIDENDS&isub=2
Quest Commences Operations as a Mortgage Investment Corporation and Announces Management Changes
- Quest will commence operating as a Mortgage Investment Corporation ("MIC") as defined under Section 130.1 of the Income Tax Act (Canada);
http://www.marketwire.com/mw/release.do?id=803021
This could be totally wrong!! Just thought it was very interesting
Amen, so nice to have my son home this year, he was in Falluja, Iraq last year for christmas.
Big Thanks And Prayer to all our service men and women. May God Bless you and your families and keep you safe.
Thanks
yes, but what about their payday and forex, both of which they are going to still retain after the goodlife transaction. will these once important divisions be part of the non-core asset sale?
I don't know yet, ooops that's a word no one uses. But as new info comes in I will try and update to board. After all if China goes to a different company it will get its own board.
So like everyone, just handing out waiting on changes.
Good Luck to Everyone!!!
It means that at the bottom of about every company's post they have a Safe Harbor Statement.
The Canden acquisition is contingent upon the completion of the asset sale and up listing of Esprit with China Good Life, which EFGO management expects to complete shortly. EFGO will then move forward with the Canden business unit as the primary operating business.
http://www.forbes.com/prnewswire/feeds/prnewswire/2007/12/18/prnewswire200712180600PR_NEWS_USPR_____TO478.html
Good post Marine, must be current web site, post at bottom is this.
moneylendingbusiness.Com © 2007 | Privacy Policy
It should be noted when reading this post, it full of inaccuracies and misleading statements.
YOU SAID;BOTTOM LINE we have been lied to again.
Hmmm,,,,news said by 12-31, Today is 12-21, Doesn't the date have to past before the above is true? Just don't want anyone miss lead by the inaccurate statement
Hey that was going on back in or around June, I think.
Amen, Top, Just few more days,
That depends on Good Life's A/S, I think?
More Info on translated Haorizi Home page, lots of info and links, Get ready folks, could this be it? Times a coming.
But decide for your self, link below
http://www.google.com/translate?u=http%3A%2F%2Fwww.haorizi.com%2Fgsdt%2Fgsdt.html&langpair=zh%7Cen&hl=en&ie=UTF8
Letter from CEO Jia Dongmei to ShareholdersDear Sir or Madam,
Glad to notice you that Good Life and Esprit officially signed restructuring and listing agreement on Nov.28, 2007. We are now preparing necessary document to relevant authorities. The reverse merger is expected to complete before Jan 1, 2008. At that time, Good Life will obtain a new stock code and CUSIP code and list in US.
It is no doubt that the news is so encouraging! Our experience and team left good impression to Mr. Garr Winters, CEO of Esprit, and his team. Both of us are full of confidence that we can make more opportunities in China and develop our business.
Since its establishment in 1998, Good Life has developed with surprising speed. On the Christmas Day in 1998, the first store of Good Day named Unity in Cangzhou opened. It had area of 70 square meters, and accommodated 3300 varieties. With the high praise of customs, its sale achieved 15,000 RMB on the same day, creating the highest gross margin and average benefit of single shop of Hebei industry, which indicated the lucky start of Good Life.
Good Life developed rapidly in these 9 years. Its sale and stores increased with the speed of 95% every year: from 1 store to 1,600; from 5 shareholders to 100; annual sale increased from 30,000,000 RMB to 500,000,000; annual profit increased from 300,000 RMB to 17,000,000; from the first team of 5 people to the management team of 50…So far, we have experienced the joy of sharing success in the progress of growth, the tough revolution of business star up and innovation; the failure of the market management, the advancement of turning passive acceptance to active enterprising. Diligent management, continuous improvement and creation of experience and new mode form the brand culture and value of Good Life. We are so pleased that we made a young, professional and dedicated team with good ability of learning and creating.
During these 9 years, our team led our staff, owners of franchise stores, cooperative suppliers making lots of contributions and achievements in the progress of serving customers, attending social commonweal activities, upgrading the business management and developing franchised stores. We have won highly praise of customers, suppliers, and stores owners. With the support of the government, society and banks, we have established good reputation, obtaining extensive support and praise from public and medias.
We have won a lot of awards from government during the past 9 years:
Member of China Chain & Franchise Association, Enterprise of Franchise Registration
Member unit of Hebei Chain & Franchise Association
First franchise commercial enterprise passed the certification of ISO9000 Quality System
China Famous Commercial Enterprise
China Famous Commercial Service Enterprise
Credit level AA enterprise of Industrial and Commercial Bank of China (ICBC)
Excellent experimental enterprise of “Market Project of Thousands of Villages and Townships” of Ministry of Commerce of PRC
One of the industry leaders of Hebei circulation sector
Demonstration unit of Hebei enterprise informationalization application
The Consumer Creditable Unit of Hebei Province
Demonstration enterprise of Hebei E-Business
Hebei Famous Commercial Enterprise
Most Competitive Enterprise on the Market of Hebei Province
Hebei Famous Commercial Service Enterprise
From 2005 to 2007, Good Life launched the plan of retail franchise stores through E-net in Chinese country, which won encouragement of project of country informationalization, innovation fund, and stores exploitation of Market Project of Thousands of Villages and Townships from China government.
Due to the attention and exploitation it made to country market, Good Life achieved great successful these years. The company makes use of its own brand, marketing mode and management skill to extend chain sites from city to country, forming the development pattern of integration of urban and rural, and the interaction between urban and rural, exploring a path to develop rural market with the feature of Good Life.
According to the developing requirement of market and enterprise, making use of eternal site of supermarket in rural areas, brand influence of multi-year management of chain supermarket, credit advantage, and powerful logistics delivery system, Good Life established rural E-business integrated service platform in 2006 which combined “chain supermarket real net” and “E-business fictitious net”. Since it is the first platform of China rural E-business, the governments pay more attention to it. Therefore, Good Life won many awards as China Famous Commercial Enterprise, Demonstration unit of Hebei enterprise informationalization application, Demonstration enterprise of Hebei E-Business, and Most Competitive Enterprise on the Market of Hebei Province, etc.
Influence of Good Life in rural areas: Good Life is the first retail enterprise that entered in China rural market. Since 1998, it has 9 years’ experience in country and villages in the field of retailing. Good Life has profound understanding of rural market and consumption habit of peasants, and established stable foundation in rural market.
Every franchise store joined Good Life can upgrade its business management, especially in rural area: first, “Good Life” peasant shop makes good demonstration there, and many grocery shops run by couples want to join “Good Life”; second, franchise stores win excellent profit that the average sale is 1,200 RMB per day, and the profit reaches 1,000-3,000 monthly. The sale of all franchise stores joined Good Life increases by more than 50%. For example, one store in Liminju Village of Hejian is a private store before joining, with the daily sale is only hundreds RMB; after joining Good Life, the average sale achieves 3,000 RMB per day. Third, normal peasant shop of “Good Life” has a great variety of goods. It is welcomed by peasants because of the proper price, good reputation and service. Peasants say that “Good Life” bring them good life.
Management mode of Good Life brings profit increase: The management mode of profit of Good Life is consisted by three main businesses: logistics service, business management, and E-business operation service.
Logistics: At present, Good Life has three logistics and distribution centers, with the total area of the centers is 90,000 square meters, 20 trucks, average varieties sending out reach 7,000 per day, separately take charge of the goods supply for stores in Beijing, Shijiazhuang, and Cangzhou. The logistics center adopts commission distribution service, that is, supplier commission logistics center to store goods and distribute goods to stores, and terminal store makes order from the net, pays for goods directly to account of supplier. After supplier’s confirmation, the distribution center will send goods to terminal store. Peasants’ shops distribute goods once every 2 days, and stores in village and town distribute goods once per day. Service fee the company charges for suppliers is 3-5% of distribution expense per year. Compared with original logistics mode, the company reduces more than 3% distribution cost for suppliers. Moreover, through the logistics center of Good Life, suppliers can obtain stable sale market and income, which is also the reason why the logistics service win praise of suppliers. Recently Good Life intends to construct more complete logistics system. Regarding Beijing, Tianjin, and Hebei as the center area, the logistics center may achieve 19 in three years, and extend to the whole country. They will use more advanced system of automatic selection and distribution to improve supply efficiency further.
Business management: With the advantage of store network entering and serving rural area, Good Life directly develops the purchase and sale of agricultural products and sideline products, and provides agricultural production property, fertilizer and other projects. This direct service reduces the supply chain and brings obvious profit. With in the vast market, Good Life vigorously develops business as brand making, exploration and business management, in order to bring alternant and different service to all member stores and peasants members, as diverse native product, special product, diverse goods, proper price for supply, all kinds of products. The service can not only win satisfaction and loyalty of customers, but also strengthen franchise stores’ ability of acquiring profit and competition, bringing more benefit to Good Life in the same time.
E-business operation service: E-business B2B trade platform of Good Life can support stable and high efficiency information system of E-business management and service for real store net, logistics and suppliers; provide excellent service for suppliers, franchise stores, and logistics members, and meanwhile win profit.
Expensive rural market:
China has 950,000,000 rural populations that take 75% of the total population of the country, which provides good opportunity for the construction of supermarket chain. However, the truth that people living dispersedly in most areas influences the collection of business net and the exploration of supermarket chain. In a way, rural market, especially market which regards villages as supply target, is not developed. The particularity of rural population makes the “whole-big, part-small” feature in rural market. The bigger the income and purchase ability of customers are, the higher the turn over of supermarkets. Due to this rule, there are two aspects reflected on the peasants’ income: On one hand, peasants’ income continuously increases every year. The average net income increases from 500 RMB in 1985 to 3,587 RMB in 2006. On the other hand, the increase range of peasants’ income is low. From 1997 to 2003, the extent of average net income keeps below 5%, and the real extent reached 6.2% in 2005, and 7.4% in 2006. Compared with the real extent 9.6% in 2005 and 10.4% in 2006 of urban residents, the income extent of peasants is smaller.
In 2005, the Ministry of Commerce of PRC launched Supermarket Chain Construction Project of Thousands of Villages and Townships, intending to establish 250,000 standard commodity supermarkets in 70% towns and 25% natural villages of the whole country within 3 years. The old market will be changed into the new strategic area for franchise through the powerful support of government. Good Life will also keep developing in such a market.
Looking forward to the future:We plan to open 20,000 stores in Beijing, Tianjin and Hebei area with in 3-5 years, realize 30,000,000,000 RMB deal of commodity, agricultural production and property supply online per year, invest to establish 19 new logistics distribution centers, and finish daily business 100,000,000 RMB of E-business B2B with the market covering Beijing, Tianjin, Hebei, and Shandong. On the basis of such big business service operation network, we will realize our three main businesses step by step, establish system that combines real net and fictitious net of “Good Life franchise stores” + “Good Life E-business platform + new logistics distribution”, and collects services of E-business, franchise management and logistics distribution to rural area, and gradually extend to other service fields as science and technology information, finance, credit of small sum, insurance agricultural futures and so on.
The successful merger with Esprit establishes a fast financing channel for the management and development of the company and the development of rural logistics trade. Good Life is the representative of China northern rural area. Therefore, that you choose to invest in Good Life means you invest in China rural market. We believe that the special mode of E-business Good Life selects to serves rural market has vast developing space. In next 5 years, Good Life will still establish and strengthen the retail marketing and logistics system that face rural area. Regarding suppliers and retailers of rapid consumable as service targets, integrated service system of combination of B2B E-business trade platform, logistics, and retail terminals as operation mode, Good Life will provide more products and excellent service for customers in urban and rural areas, and create the biggest integrated service system that is consisted by retail net chain based on E-business B2B and logistics. The cooperation between Good Life and Esprit is a good start. Esprit can bring new management concept, business mode, advanced managing skill and international experience to Good Life on the management and service to rural area, accelerating the development of the company.
In the end, I want to express my gratitude to all shareholders for your trust ad support. Our target is continuously developing our business and searching for new opportunities to create new value for shareholders. We believe the future of Good Life will be much better.
Jia Dongmei CEO
December 18, 2007
NEWS>>>>>>>>>>>>>>>>>
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Forward Guidance For Canden Financial Group Inc.
TORONTO, Dec. 18 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (EFGO.PK) www.espritfinancialgroup.com is pleased to announce forward guidance for Canden Financial Group Inc. (Canden). Canden is in a pre-acquisition stage to join the EFGO soon after EFGO vends out its current assets to a reporting issuer, as per previous news announcements. Canden provides financing services related to the rental or lease of specialized beverage control solutions for the hotel and hospitality industries, on behalf of a Denmark manufacturer with which Canden is associated. This includes advanced beverage dispenser tracking systems that monitor, report and provide inventory control over beverage dispensing in a restaurant or bar environment.
In announcing the update, Canden's President and CEO Steen Elgaard stated, 'We are currently a self-sustaining company, and debt free. We see ourselves off to a solid start in Fiscal 2008, under the EFGO banner with our current guaranteed revenue coming in much higher than anticipated. We anticipate a solid but stable growth that will end the fiscal year revenue of approximately $900,000.00 with a potential growth beyond $5 million in revenue for the fiscal year 2009, maintaining net profits in the range of approximately 27 to 28%. To date, two contracts are signed with distributors in Canada and USA. The distributors market and sell POS and calculation, profit and control systems directly to restaurants and bars across Canada and USA, and we have distribution channels in place to ship systems direct to clients. Restaurants have the benefit of getting equipment financed, and build the rental cost into their hard earned cash-flow part of their operation. With a unique and specialized rental model, Canden is positioned as a very attractive financing business with growth in the area of 30 - 50% per year. We are currently exploring various financing proposals and options that will enable this growth sustainability, and different ways that this rapid growth will reflect into our future share price, without dilution of our equity.'
The Canden acquisition is contingent upon the completion of the asset sale and up listing of Esprit with China Good Life, which EFGO management expects to complete shortly. EFGO will then move forward with the Canden business unit as the primary operating business.
In other company news, Esprit CEO Mr. Garr Winters added, 'I wish to take this opportunity to update our shareholders on the status on the asset sale and the up listing of Esprit with China Good Life. We are on schedule to finalize the transaction as planned and as announced previously, that being on or before December 31, 2007. The unprecedented news coverage received in China in Hebei Province, plus the radio and news print of the EFGO merger with Goodlife, has brought on exceptional interest from China, the Chinese community, and different entrepreneurs all across USA, Germany, Canada and the west. This in itself has presented the EFGO management a very unique opportunity. We have been contacted by several already trading, and reporting issuers offering, the up listing of Esprit assets with China Good Life into their entities. Some of these offers have indeed caught our attention, and we wish to take a time out or a day or so to examine all offers and all available options to us before making the final decision. We feel that to simply ignore these proposals would not be in the best interest of all concerned, and unfair to our shareholders. If the Christmas holidays were not upon us, it probably would not be necessary to make this announcement. The matter is compounded by the fact that our legal and corporate advisors will be operating on a holiday schedule from Dec. 21, 2007, to January 3rd, 2008. Again, our skeptics should not read into this as anything more than the message is, that being that we wish to examine all the available options, and to choose the best option that will benefit all concerned.'
About Esprit Financial Group Inc.
News...where's the news....LOL
Agree, that what makes this company worth getting in to. She has great logistics in place and a proven track record. All she has to do is multiply it. Oh and one other small (HA! LARGE) detail, she has the Government on her side. Look at the news she got and they too want her to succeed.
Again where was this, I missed this PR too.
and distribute their common stock to each willing store owner or as an incentive ...restricted at that
Where do you get the 90% - 10%, I have not seen the percent of shares efgo will recieve anywhere. I may be missing a note, email, PR, please provide.
First, EFGO shares and Good life China shares will be two different companies, post merger/acquire/asset sales(whew)Good life China will have it's own share structure and we will get prorated shares depending on the percent of worth the merger from our side brought to the table, Then that percent would be taken in to the total O/S (GoodLife China) and that would be the amount of shares we would get. The that amount would be divided by our O/S (probably 11bl)and that would be the percent of Good life China shares you get for each of your EFGO shares. (But you keep all EFGO shares)
This is all speculative, but is basically the way it works.
Well, hopefully we will all know in a few days, and we'll be happy!!!
IMO!!!
Some spot on news would be good today, to take this to .0004 going into the weekend. :~)
Only 11 days of trading left to gitter done..........
I guess this answer my question;
We anticipate our shareholders will be very pleased to retain EFGO shares as we move forward with Canden, in addition to the shares they will receive once Good Life is vended in to the fully reporting issuer.
So there is no R/S, we just get a ratio of GoodLife China shares to our holdings in EFGO
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=RGJNV.story&STORY=/www/story/12-10-2007/0004719442&EDATE=Dec+10,+2007
There is no change in price if there is no sale that day.
What are these, this is all they have in their fillings
SEC Filings Form Type Received
1-A/A May 1, 2007 1.2 KB
1-A/A Jan 12, 2007 1.2 KB
1-A/A Sep 12, 2006 1.1 KB
1-A Aug 31, 2006 1.1 KB
Empty shell's trades; Oviously this shell is trading a .70, but there is no value here. So if this happens to be the shell we use, our shares structure should not change by much, if at all.
Date Open High Low Close Volume
12/12/07 0.70 0.70 0.70 0.70 100
-12/7/07 0.70 0.70 0.70 0.70 2,809
11/14/07 0.70 0.70 0.70 0.70 172
-11/7/07 0.70 0.70 0.70 0.70 100
10/17/07 0.85 0.85 0.85 0.85 3,500
-9/13/07 0.85 0.85 0.85 0.85 4,342
-9/12/07 1.01 1.01 1.01 1.01 3,525
--9/7/07 1.20 1.50 0.70 1.20 12,500
No volume, no assets, It's only trading there because noone is trading it. Givin so trades it would fly south...........If they merges us into to that at that price, we will come crashing down. If they use it just to move us with split, OK
Itlogic, that the way I read it too.
And it's possibly the other shell needed, if we will be 2 companies.
Look at this, it's on pinks under GVHL fillings.
Supplemental Information - Global Name Change Dec 10, 2007
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=gvhl
13 Trading days left in the year. Goooooooooo Garr!!!!
Same corrupted message in several places on the boards I see.
Look at the ban list 14 people inculding myself for defending myself against the most corrupt company on the pinksheets.
This is incorrect, Most were ban, because of opposing veiws. Sorry I like facts.
Did I see more new names? Who's? Who?
Wife! that's a good one..........Yeah me too :~(