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I'm dreaming, this would be nice,,,,,,,,,
# 1 in Volume on Pinksheets (for companies above .05)
no don't wake me, LOL
Good read, thanks for the reminder.
I'm thinking that is the basic idea. I also think we are talking about, I hope, lots of banks being connect to each other the same way they are in the states(china's banking system is behind). There are also hunderds of thousands of dollars that trade hands from china to the US and back again daily through goverment or private company payments.
This is a follow up email received from IR, earlier email listed below.
Received from IR, edit;took off names and email
Yes, that is correct.
Regards,
Irwin
On 9/19/07, I wrote:
Then, you are telling me that the company did not sell any shares today. Is this correct?
*******************************************************
Received from IR, editted;took off names and email
Dear XXXXX,
We are trying to respond on a timely basis to all questions. We have responded to just about all of the emails received within the last week.
We will often post an answer in Town Hall (particularly for common questions). Any "new" information will also only be disclosed at the town Hall or by Press release.
Today's volume was indeed staggering. It represents well over 10% of the float. Probably closer to 15% or more (I haven't had time to crunch the exact numbers).
Any response has to be pure speculation.
If we come up with any theories that make sense - we will post in the Town Hall.
Sorry I can't be of more help.
Regards,
Irwin
On 9/19/07, wrote:
I have sent several emails to no avail, all come back saying 3-4 days (doesn't happen). As a solid shareholder of almost 130ml shares I would appreciate a response when I email.
Today is crazy, high volume no movement of PPs, Who is selling?
If it were MMs short buying, know one else could buy at .0001, but they have.
If it was accumulation by someone the PPs would have when up.
One of two thing is happening, either the company is selling share yet again after saying they would not or it is some one with a grudge or competitor trying to break the company.
Just another reason to get out of pinkville (the darkside of the market place) and in to BBville, a more respected and less volatile market.
What is happening and what are you doing to fix it.
Thankyou
Sincerely
Recieved from IR, editted;took off names and email
Dear XXXXX,
We are trying to respond on a timely basis to all questions. We have responded to just about all of the emails received within the last week.
We will often post an answer in Town Hall (particularly for common questions). Any "new" information will also only be disclosed at the town Hall or by Press release.
Today's volume was indeed staggering. It represents well over 10% of the float. Probably closer to 15% or more (I haven't had time to crunch the exact numbers).
Any response has to be pure speculation.
If we come up with any theories that make sense - we will post in the Town Hall.
Sorry I can't be of more help.
Regards,
Irwin
On 9/19/07, wrote:
I have sent several emails to no avail, all come back saying 3-4 days (doesn't happen). As a solid shareholder of almost 130ml shares I would appreciate a response when I email.
Today is crazy, high volume no movement of PPs, Who is selling?
If it were MMs short buying, know one else could buy at .0001, but they have.
If it was accumulation by someone the PPs would have when up.
One of two thing is happening, either the company is selling share yet again after saying they would not or it is some one with a grudge or competitor trying to break the company.
Just another reason to get out of pinkville (the darkside of the market place) and in to BBville, a more respected and less volatile market.
What is happening and what are you doing to fix it.
Thankyou
Sincerely
or .001 LOL
Wow, crazy day! bought about 18ml today, put order in for .0002, bought 10ml @ .0001 the rest at .0002.
So who was selling?
If it was MMs short buying, we could not have bought at .0001
If it was someone wanting a big interest, the pps would have went up.
So, IMO, it had to be a company or competitor selling to try and keep it down.
Either way, it can't last too much longer, and if pinks info is correct only 401 shareholders, consolidation is good.
I think the company is selling the shares of stock they raise the float and O/S by. Even though they had implied they went to buy shells.
Or more restricted came into being.
Crazy what ever it was.
Just a thought.
From 9/11/07 Town hall: "We will be providing a quick state of the nation status report ASAP
Define ASAP,
Very Strange all my opinion
If someone was buying up shares in mass PPS should have went up!
If MMs were buying short, getting ready for a run, We probably could not have bought at .0001.
If a company or large shareholder (one with grudge or competitor)selling to keep us down. This would make sense.
One last think, I still believe in the company, info update on pinks.
Trying to please shareholders on info without interfering with business deals.
Your DD is outstanding, both statements false according to recent news.
Got tire of waiting on 1s, bought approx 15ml @.0002, only mms or select group getting 1s imo
The company has made many changes on the pink sheet info page. company officers, Business Description, share structure, etc.
Only 401 on shareholders, does this include all or just the ones on float?
And 2, Does anyone think they are trying to get the checkmark or uplisted ?
I said, I think what they're trying to say is, there will be no reverse split of any kind at this time. (No reduction in the shares you hold, at least by the company.)
This was my response to the previous post. This was about their posting on TH.
()= Your the only one that can effect your shares by selling or adding.
Sorry, hope that helps.
I wonder, how long the testing will be? And when does it actually start, if he leaving today for China. Will they even get the test started this week.
Good part it is finally here and if, if, if, (sorry) all goes though, it will open up a lot of opportunities. Be first and China banks not having to merge or be in contract with other American banks.
Time will tell..............
This would also reduce Garr's shares and the money, I believe is going to be in quantity owned.
Good morning, I think what they're trying to say is, there will be no reverse split of any kind at this time. (No reduction in the shares you hold, at least by the company.)
Las Vegas, NV, Jul 9, 2007 (Pink Sheets News Service) — LAS VEGAS, NV, July 9, 2007 - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com announced the resignation of Richard Sciacchetano due to health reasons.
Mr. Sciacchetano had been heading up the Company's Forex Trading division. He recently fell ill with a serious heart condition, and required hospitalization for several weeks in Toronto. Richard had returned to his home in Florida to recuperate. Given the serious nature of his illness, he has advised Esprit CEO Garr Winters that he can no longer fulfill his corporate obligations without further endangering his health. Peter Presland will take over the entire management of the Forex division in his stead.
Garr Winters announced; "Richard has indicated that he is willing to stay on an advisor and a consultant to the company however he will not be involved in the day to day operation of the business. It is an extremely unfortunate set of circumstances. "We wish Richard the very best and speedy recovery".
From TH, all I can find.
07.25.07
Garr Winters’ Shareholder Update
Forex Division:
On the Foreign Exchange division, we are making steady progress. We have had some management changes recently. Due to health reasons, Richard Sciacchetano, head of our Forex division, has not been able to head the division on a full-time basis. He will however, continue as a consultant and an advisor in a reduced capacity as he continues to recuperate. In the meantime, Peter Presland has taken over the management of the Forex division in his stead, and we continue to move forward.
I think alot of the same paperwork is used in uplisting also, although I don't believe is will happen at this time.
I believe so.
Is it possible? no it could be, could it? We're going to get our Data inline.
Maybe checkmark?
Also from pink page; rewording of Business Description
Esprit Financial Group is a diversified financial services company. The Company licenses payday loan and check-cashing software to independent PayDay Loan businesses. The company has recently branched out to develop new business divisions that include Forex Trading and Advanced Electronic Funds Transfer. The Company also offers corporate financing solutions through its website at www.IFGX.com.
Second time in last couple weeks. The company info page changed on Officers.
Company Officers
Garr C. Winters, CEO, President
Peter Presland, Dir.
Keith Roberts, CFO
Richard Sciacchetano, Vice President
Was just,
Garr C. Winters, CEO, President
Keith Roberts, CFO
09.18.07 Reverse Split - Follow-upPosted
in Investor Relations at 4:46 pm by adol77dai51
QUESTION:
You just posted that there are no plans to do a reverse split. Then say that doesn’t mean never. Does never mean not tomorrow but next week?
RESPONSE:
As stated there are no plans to do a reverse merger. However, we know enough to ‘never say never’. Is it possible? Anything is possible, but this is highly improbable within the foreseeable future, unless there is some very major opportunity that would require such a move. So, in the absence of any very large business developments, which will be appropriately disclosed should the time come, there will not be a reverse split.
Both from T.H.
We will be providing a quick state of the nation status report ASAP. (shortly)
We expect to make significant announcements shortly. But shortly can mean next week, or in 2 months.
All were answers on T.H. 9/11/07
We are trying our damnest to accommodate. But we can’t manufacture news. Just know that there are a lot of deals getting closer and closer to completion. Informal status reports out shortly.
We will be providing a quick state of the nation status report ASAP. (shortly)
As a Company in growth stage, these business units will develop at different paces. Not all will be winners. We have to remain lean and responsive as a Company to take advantage of excellent opportunities as they arise, assuming they fit into our core competencies and overall vision. We will increase focus on those financial service products that are showing the most success, and de-prioritize those that are having trouble getting traction in the market place. So yes, there will be setbacks
We are pushing hard on getting business done! We can’t always release all of the news everyone would love to hear. We are making excellent progress in a number of areas. We expect to make significant announcements shortly. But shortly can mean next week, or in 2 months.
I’ve been away a few days. I see they’ve changed a few things on the company Info. Page on pinksheets.
Company Officers
Garr C. Winters, CEO, President
Keith Roberts, CFO
Outstanding Shares
10,296,000,000 as of Sep 4, 2007
Authorized Shares
11,000,000,000 as of May 7, 2007
Number of Share Holders of Record
500 as of May 7, 2007
Float
4,400,000,000 as of May 7, 2007 (imo not correct, because as restricted come off restriction they are add to the float, And several times the company said the sell on high volume days were probably just that.)
Just a motivational suggestion, Another pink did it. You want to be a player in the financial world, global, Then go big!
Just sent this in on T.H., I will let you all know, if I get a response.
I see where XXXXXXX XXXX.pk has been running and investor awareness campaign for the last couple weeks, which includes a full page ad in the USA Today daily paper. Their stock has went from approx. $1.25 to $2.75. This has obviously work for them.
Is this the kind of full out exposure you are going to do? And when will this campaign start.
I think that's something they have said they might do in the future with some of their divisions, but only after they pick up enough rev to stand alone.
On the other hand, with 11ml O/S, we need ALL the revenue we can get.
What is this word you call, sanity?
Obviously I don’t know this one, because I been called insane a lot lately. LOL
I think so IMO eom
Livinginstyle correct again. Just 1BL to go
TH#3
09.10.07 Share Dilution
Posted in Announcements,
Investor Relations at 12:42 am by adol77dai51
QUESTION:
Is the Company diluting the stock? Straight up, simple answer please.
RESPONSE:
Yes, the Company has issued additional stock recently. Which will no doubt raise a number of additional questions, answered below.
The key factor is that we have added value to the Company well in excess of the additional stock issued. As will become apparent, the Company is further ahead today than it was before issuing the additional shares. Each day brings us closer to realizing that value.
There will be more announcements in due course. We are still on track to end the year very strongly.
Has it driven the stock lower?
Why issue more stock?
Why has there been no previous disclosure?
Why not pay Cash instead of stock?
Why focus on another new business area?
What is the current outstanding number of shares?
Has it driven the stock lower? We don’t think so, as regulatory requirements stipulate that this stock must be held for a reasonable period of time before it can be sold by the receiving party. As we posted earlier on the Town Hall, we believe it was shares purchased in the last round of 504 stock issued that were being liquidated. We also have to consider the possibility that Jack Chang is selling off all his shares, before any litigation is begun.
Why issue more stock? The Company has acquired additional shell companies, for use in our IFGX.com website. These have become important investments for the Company. Recent negotiations around the world have had an unexpected side benefit. We have been approached by a number of private companies that desire to go public.
We had to evaluate the pros and cons of assisting these companies. The bottom line is that it will bring significant additional revenue into the Company. More importantly, it will help solidify business relationships with potential clients in our lines of business, with whom we are currently in discussion.
IFGX has been on the shelf, and inactive. We had initially acquired a few shell companies for its operations, but had put those on hold pending the final decision whether to up-list or not, as well as possible spin-offs of core divisions as they mature.
This new demand required additional shell companies be available. We also needed to completely revamp the IFGX website, which should now be up early next week.The immediate benefit to the Company is the value of these shells, ranging from $500,000 to $750,000. IFGX now has a total of 4 shells in inventory, all of which can trade on the OTCBB venue.
Why has there been no previous disclosure? As we have advised, on a number of occasions, we cannot always provide real-time information, particularly for negotiations that involve third parties. There is also the very real issue that we need to be sure that any action we announce, and we better be able to execute, particularly after our experience with Jack Chang.
Why not pay Cash instead of stock? Our liquid capital is required for ongoing operations. Many of our core businesses require cash on hand in order to deliver our financial services. As we are focused in a number of financial service areas, we need access to liquid capital.The stock issue brings us to a point where IFGX is ready to roll. This service will generate significant cash flow upon consummation of its first deal, which can then free up additional capital for all operational aspects of the Company.
Why focus on another new business area? There was some trepidation associated with the decision to pursue this avenue. However, we are of the opinion that the benefits are very worthwhile pursuing, both from an income perspective, as well as relationship building with key contacts we wish to develop.
What is the current outstanding number of shares? The total number of outstanding shares has risen to above 10 billion shares issued. This includes financing of the new shell companies, as well as software development etc. The current number of outstanding shares will be posted to the Pink Sheets by Monday.
Town hall update 2
09.10.07 Minaco-Tradex Relationship
Posted in Announcements at 12:41 am
by adol77dai51
We have had a lot of requests to explain the nature of our relationship with Minaco-Tradex. As we have previously advised, they are a private company, and are under no obligation to provide a public analysis of their business.
However, we have requested that they make an exception, and they have graciously provided some insight into their interests in Esprit. We have reprinted their email in its entirety.
from Investor Offices <minacotradex@yahoo.co.uk> hide details 8:27 pm (14 minutes ago)
to espritfinancialgroup@gmail.com
date Sep 9, 2007 8:27 PM
subject Interest in Esprit Financial Group
signed-by yahoo.co.uk
Dear Garr,Further to your request of last week, we are responding with an outline of our corporate relationship with Esprit. As you know, we prefer to conduct our business in private, but in light of the furor that seems to have erupted around this issue, we are making an exception in this case.You should know that I visited the Investors Hub discussion board, and was shocked at the negative speculation surrounding your activities. I tried to intervene with some third party assurances, and was quickly ejected by whoever manages this website. I guess they have no concept that we may be in a different time zone 6 hours ahead of you, and we don’t normally conduct business on a Saturday morning.
In any case, I hope that this official response may help calm the waters. Please feel free to post it on your Town Hall. As an aside, I think that the level of transparency you have committed to is more trouble than its worth.
To Whom it May Concern;Minaco-Tradex is a private Company that provides merchant banking services for emerging growth companies.
We have had an informal relationship with Cash Now / Esprit Financial Group since it was initially founded, and we are very familiar with the initial success of the Company in the PayDay Loan industry.
With the in-house Internet expertise of the Company, we have occasionally called on Esprit for assistance registering websites, and e-mail marketing initiatives.
When Cash Now suffered an extreme setback after the head office was rendered inoperable by the hurricanes during the summer of 2005, we provided interim financial assistance to allow the company to survive.
More recently, Esprit’s diversification into other financial services has attracted our attention. We have been in discussions with Esprit regarding growth opportunities in China. In addition, and of greater interest to our core business, are the opportunities within Esprit’s IFGX business portal, and the need for merchant banking services to assist a number of private companies identified by Esprit seeking to go public in North America or Europe.
On review of the capital requirements needed to move forward in China and the IFGX projects, it became obvious that there was a need for liquid capital to be made available to Esprit for bridge funding and short-term capital requirements to execute against Esprit’s corporate growth strategy.
In addition to providing a line of credit to Esprit, we also anticipate providing merchant banking services for Esprit’s in support of a number of deals Esprit has in development to assist private companies going public in North America and Europe.
This strategic alliance will bring together the necessary resources to successfully meet the needs of currently identified projects, and in anticipation of additional deals that are in the very early stages of development.
Regards,
Zoran
Town Hall update.
09.10.07 Jack Chang Follow-up
Posted in Announcements at 12:27 am
by adol77dai51
Esprit will be pursuing appropriate legal action against Jack Chang in regards to his actions while head of Esprit’s Advanced Electronic Funds Management (AEFM) division.Specifically, we will be looking for compensation in regards to written commitments made to Esprit regarding the provision of Check 21 and prepaid Visa/Mastercard from third parties, as well as his actions in regards to the previously announced business deals with the Union Bank of Nigeria and provisioning of payroll services for cruise line employees.The Company will be removing him as an officer of Esprit at the earliest opportunity.At this point, Esprit will also contact the appropriate parties to evaluate Esprit’s legal standing with regards to the Union Bank of Nigeria and service providers associated with the cruise line payroll project.
It should be noted that the Company has repeatedly tried to contact Mr. Chang by phone, mail and e-mail. Mr. Chang has failed to respond to any of these communications in any fashion.
Remember the praise. Have you ever done something nice for someone, only to hear them complain about the way you did it.
How much is enough?
I thought the saying was
"No good deed, goes unpunish" LOL