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EFGO is selling/printing into good news, for our own good.
Good link, living. Thanks.
Yes.
It's called naked short selling. Which means selling stocks that the seller doesn't have or didn't even borrow like a regular short seller.
G-d bless America.
Thanks GoVols.
I particularly liked your figuring out what the real pps should be by multiplying current revenue estimates by 15, then dividing by the o/s. Is this a good rule of thumb to use?
I can't come to any other conclusion other than dilution.
But they are printing/selling shares to use as currency in acquiring other companies, as other investors would rather take EFGO stock than dollars. They see the greater value in EFGO future pps than cash.
GoVols, in your experience have you ever invested in a good company that just never can get its pps to reflect it?
Or are you subscribing to the theory that all good companies eventually reflect a good pps.
Ya think?
I would not want EFGO to paint itself into a corner. I am not in favor a saying never.
Re: r/s
What would settle the issue is if management said that there will be no r/s period, not that there is no r/s planned for the "forseeable future."
Not that there is anything wrong with a r/s in the hands of this maangement.
No one should be scared of an r/s with EFGO.
Matter closed.
EFGO is not a pinkie company that pulls a r/s just to re-pump the pps with a new generation of knaive investors.
All its top managers are getting paid in stocks. So they wouldn't do a r/s unless they were confident that this is the best way to make the pps go much higher in proportional value than languishing at the mico levels.
I am not afraid of an r/s with these guys.
A salute to all our brave men and women who serve our great country.
Post of the month, Chud!!!
People, even EFGO has an IR that pushes typical pinkie hype. Why they allow this befuddles me. Pehaps Garr should reign this IR in or replace it.
But you go by the comapany managements' language ,nobody else.
They have delivered what they say and say things responsibley.
It is time some people started behaving like mature NASDAQ or NYSE investers and guage their assessments by what the company says.
If you need quick money for your family vacation or to pay back taxes, then get a loan from a friend/family or put it on the card. But don't get peeved and frustrated that this responsible comapny isn't giving you a quick spike so you can pay off a debt or go to Disneyland.
Grow up!
How much does it cost to get an interview on those dot com IR sites?
GoVols delivers.
EFGO must be selling or printing shares in order to expand the company by purchasing another great company; all for the ultimate good of the shareholders of course. So have some faith.
Alinxx, if you could PM me that post as well that would be fine.
Why would my post of five minutes ago to Alinxx which simply said: "AKA Naked Short Selling, Thanks Alinxx." be deleted?
AKA Naked Short Selling.
Thanks Allinxx
Who cares about the pps.
As long as EFGO keeps giving us good news and they start making money hand over fist, my main concern is not my investment but EFGO doing well even if it is not reflected in the pps.
I AM LONG AND LOYAL, EVEN IF I NEVER MAKE ANY PROFIT.
GO EFGO GO.
Has anyone heard any latest news on who that party is that Garr identified in his PR of 5/15 as causing downward pressure on the pps?
Beer.
Paul, this is another reason why EFGO should,and IMO will r/s. They can't rely on blue collar crackers such as myself (ourselves?) who have no money and are looking for the quick profit.
They need to be at a respectible starting point in the pennies, none of this triple and double zero embarrassment and instablility.
Only big and deep mony support, whose coattails we can ride will achieve the shareholder value we are praying for.
Yeah, I know kraken. Great news indeed. Jack Chang can do no wrong. He is a man whose reputation precedes himself. Governments and companies want to do business with Jack. He must have a pleasant disposition to boot. Don't underestimate personality. We all know deals have been made on chemistry.
EFGO could use an r/s.
This company has so much growth potential, that an r/s won't be used to re-start the pump and dump scenario as with most other pinkies.
A nice r/s to get us to penny land would invite serious investors and we would ramp from there, I am not afraid of an r/s with EFGO.
I believe it will happen in a year or so. I am all for it.
GO EFGO GO. LONGER AND STRONGER THAN EVER!
"for the forseeable future"
Never say never.
Garr said no to a .05 buyout a few months ago. And that was long before any capitalization (i.e. 504s) and all the revenue sources were set up. Yet even someone then saw the raw potential and wanted CHNW. But Garr said no.
How much more so today! .01! I am sure Garr would consider it an insult.
Stated in early Feb. of '07
Stated in early Feb. of '08
I said CHNW will be at .01 by late August. Hope I am right, G-d willing.
LOL!
Welcome aboard eatme...er nasdaq.
Oh brother! Will you two get a room or something?!!
I would like to ask this: In order to get to the next level of investors with much deeper pockets than of current, Alinxx, whose opinion I value, thinks that an r/s will be in order.
Aren't we emerging into a situation where the billions of existing shares can be absorbed by future growth as the contract come in and revenue streams are proven? It sure would be nice to reach our pps goals without an r/s.
This question is for Alinxx, but everyone is free to answer, of course.
MMs probably put a stop to complete disemination so that they can retain and maintain their stranglehold on this stock so they don't end up chasing.
Sucks. But not surprising.
I too am gratefull for G0Vols's DD. It's not his fault.
Yes, the PRs have delivered. I have only positive vibes about the PRs. Although I am a little confused about today's PR. Seems like they are settling in to become model pinkie citizens by signing up for complinat category status when Garr said only a few days ago that they are looking to become an OTCBB compnay by late next year. Can any body square those two PRs? TIA
"We" don't want e-mails. "We" want official PRs that deliver on what was stated, and PRs only.
You make a pinkie look bad not execersing the philisophy of 'do no harm'. Just don't say any hype. They should take a lesson from the state department press agent, he says nothing original, He just loyally re-phrases what his bosses (i.e. Garr) have already said officially.
Garr has said nothing abouts banks, or buybacks or $1.75 pps companies, etc. This all from non PR sources.
I say no more IR crap should be posted any more. It really makes the company look bad.
How about it guys, keep the e-mails to yourself.
Any one else agree?
I am also starting to wonder about the PRs. If Garr said we will be going to OTCBB late this year, why is settling in and becoming a model pinkie citizen by signing up for compliant category status? Am I missing something here?
You mean the same IR that talks about an imminent buyback?
You mean the same IR that talks about an r/m with a company that has a pps of $1.75 which should come out around today?(per GoVols)
You mean the same IR that talks about a great bank deal?
You mean the same IR that said there is absolutely no dilution going on? (per their messenger GoVols).
That's an aweful lot of sunshine being blown up our skirts.
My buy of 225,000 shares @ 0.0005 went through in five seconds today.
Uh, maybe there is talk of o/s, a/s and the dreaded r/s because the pps is 0.0006 inspite of all this great news and accomplishments. Now that's a shame and something for which I have no clue.
Triple zeros! Now that's a shame. But that's the going rate for 11 frickin billion a/s and over 6 billion o/s.
'Should be getting that buyback PR any day now.'
I'll be buying one million more shares tomorrow, G-d willing.
I have no doubt I'll be able to get it for 6 or 7 .
And this is the best PK stock out there. Unbelievable.
Garr's PRs are batting 1000.
His IR e-mails, about .260