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I can wait, we'll show a steady climb as this deal gets clearer (and the Chinese start to buy) ...ka-ching, ka-ching, ka-ching.
We'll only own 10% of the company, but 90% will be "locked-up".
Ka-ching, Ka-ching, Ka-ching....here comes .0003
Ka-ching, Ka-ching, Ka-ching....slowly gobbling up the .0002's.
Almost out of .0002's --- get 'em while u can.
I don't mind dilution in this case.
10% of Good Life China is worth far more than 100% of the old EFGO!
Buy Buy Buy
Asia Pacific Enterprises owns 100% of Good Life.
EFGO owns 100% of Asia Pacific Enterprises.
Good Life received $5 million and shares of EFGO to enter into this transaction.
We don't know:
1. How many shares it took to raise $5 million.
2. How many shares Good Life received.
Therefore the question of the day is --- what % do the original owners of EFGO now hold in the "new" EFGO?
My guess is a little less than 10%.
No one can answer the question until we first verify how many shares were outstanding prior to all this. (Company has announced they are working on this.)
So, how much is a little less than 10% worth? My current estimate is $.002. As Good Life expands the value grows to $.05.
So, should you buy today at $.0002??? YESSS!
Will the market reflect this value today? No, but that's a good thing.
Take your Christmas money and buy EFGO!!!
Congrats Mr. Winters --- China is the play for 2008 and we're a part of it.
To da moon my friends, we will all be handsomely rewarded for our patience and we should be buying with both hands today at this level!!!
PR needs to tell us about step 2 and 3, so far only step 1.
GARR --- UPDATE TODAY PLEASE!!!! --- thanks buddy. PM
Confusing part is that in the same PR, Garr says ---
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.
Perhaps Garr should give us an update today, since the two statements were somewhat contradictory...
Garr says --- 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.
Here's the key part --- 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.'
Today was "Boxing Day" in Canada, so I didn't expect any news.
So when do we hear the big news? Thursday? Friday? Monday? Or do we have to wait until next year.
I predict we hear on Friday and the deal will close on Monday.
Should be good enough news to kick the stock price up to .0015! (and we ain't stoppin' there)
Last chance to get in at .0003
Good luck longs!!
Sshhhh! We're supposed to be quiet!
Quiet period --- time to turn off the computer and come back next week.
I predict all is done by Dec 20. See ya at $.009!!!!!
Looks like we can't expect much until we trade on a real market....
Thanks for the insight Bigdogs! Longs will be rewarded (and it looks like very soon)
My favorite part of today's PR:
"The Canden acquisition is contingent upon the completion of the asset sale and uplisting of Esprit with China Good Life, which EFGO management expects to complete in the next several business days."
Don't worry we'll break .0004 today.
Deal will be announced in next few days!!!!!
Time for some buying guys!!!!!
Who cares how the market reacts, we KNOW that they are creating value.
Bullish board members should be buying 10 million shares at a time --- $3,000 a pop, that's a steal!!!!
Good Life deal will be completed this week.
EFGO will continue to have value.
2 for 1 pre-Christmas bargain!!!
I predict $.0012 this week ---- we get to $.009 before Christmas!
Write it down.
My advice to you kids is to take your lunch money down to your broker and buy EFGO!!!!!
Love it!
It's a "twofer" - we get shares in 2 speculative plays for the price of 1 --- gotta love it.
Both EFGO and Good Life TODAMOOOOON!
Way to go managment --- let's git 'er done!
In my opinion it is time to step up!
I challenge everyone on the Board to get up to 110 million shares in EFGO --- roughly 1% of the old shell and 0.1% of the new Good Life.
I think we'll be rewarded on both sides of that equation, especially since only 10% of Good Life will be float for the first 6 months.
You should be pleased the prioe is not running on us --- more time for us to buy --- I'm up to 69.5 million shares (verifiable), anyone else in this deep yet?
True --- woudl have been better off without today's PR.
Garr needs to give us a little more info...YA THINK????
He's scramblin' but he'll win in the end.
GO EFGO GO
Somebody start the wave.
Hopefully when they say Dec 31st they are really aiming for Dec 14th --- I can't take uncertainty through the Holidays.
I don't think volume has slowed up, I think volume has stacked up and MM's having trouble unstacking it.
I say "MM's" loosely here.
31 minutes since last trade --- boy those MM's are really trying to work this one out so they win.
Reverse Merger since the large guy (Good Life) becomes the small guy (EFGO securities).
Interesting that this new wrinkle has emerged on merging into another shell --- the reason the Chinese came along was for our listing status and now we have to go out and arrange a deal to get the "correct" listing status.
A bit messy, but still a heck of deal if we can pull it off!
I still expect to see a 10X move in December, with the possibility for more as it gets crazy.
EFGO pays $5 million.
EFGO becomes Good Life.
Share split 10% EFGO/90% Good Life
Since we had to raise $5 million, existing shareholders may be only half of the 10%, since the new money would get half.
Share split 5% old EFGO/ 5% new money/ 90% Good Life.
So what is 5% of Good Life worth? Based on this transaction it's worth $2.5 million divided by 11 billion shares = .000227.
So in the immediate run we've gained no value.
However, what will 5% of Good Life be worth in 2 or 3 years? That's the homerun.
And, in the shortrun by uplisting, and switching CUSIP's there should be a short squeeze.
And, after that the float should be very low, so any good news from Good Life should move this stock significantly!
Amazing how quickly stocks can go from under valued to over valued --- and that's a good thing in sub-penny land.
Your view of China is about 15 years old --- you should get on a plane and get a sense of what is going on over there.
The world will see this summer during the Olympics.
Read Americanbulls.com----
EFGO
ESPRIT FINANCIAL GROUP INC
Daily Commentary
A bullish pattern has developed and a BUY-IF alert is issued today. The task is now to confirm the validity of this bullish pattern. We will guide you through this process but the prime star of this game is nobody but you. First you must do your homework. A good starting point may be to keep an eye on after-hours and futures trading to get preliminary hints about the direction of the market. Related news, events, economic data, and the world stock markets should also be closely followed prior to confirmation session.
There are three possible cases of confirmation. You have to follow the next session carefully to check if these cases will hold or not:
The market opens with an upward gap, signaling a bullish sentiment in the first case. Your benchmark will be the opening price. If the prices stay over the benchmark, go long. Any white candlestick with an upward gap is a valid confirmation criterion.
In the second case, the market opens at a level, equal to or below the previous day’s close. The benchmark is that closing price. If prices during the session stay over the benchmark, go long. Any white candlestick closing above the previous day’s close is the second confirmation criterion.
If, however, in both cases, the prices during the session start coming below the benchmark, avoid buying. Sell if you feel a definite tendency in prices to close the day below the benchmark.
The third case of confirmation is rarely observed. The market opens with a big downward gap suggesting a very bearish day, and the day ends with a long white candlestick, but still closing below the previous day’s close. However, such a day satisfies the third confirmation criterion and in this case the closing price of the long white candlestick will be taken as the price of confirmation.
If one of the three confirmation criteria is not fulfilled, or in case of a black candlestick or a doji on the confirmation day, the BUY-IF alert remains valid, however without confirmation and the three confirmation criteria are then sought in the following day. The only exception is the long black candlestick. Any long black candlestick following a BUY-IF alert makes it (the signal) void and invalid.
We do not suggest any new short positions given the bullish alert. The short sellers should consider covering their positions if the market confirms the BUY-IF signal. Otherwise, existing short positions should be carried.
182 posts to the EFGO board on a sleepy Sunday --- I think we are starting to get some peoples attention.
Buy EFGO with both hands!
Tell your friends, call the in-laws, sell the dog, take out a subprime mortgage --- it's one of those rare ones that come along only a couple times per year.
Predictions? I'm looking for $0.009 in December ---30X from Friday's close.
Love it!
I own 69 million shares --- add me to the list.
Cost me $21,000 --- at $.009 they'll be worth $621,000.
What a great Christmas this will be!
Part 2:
Today a Doji was formed. This shows indecision about the direction of the market and it represents a tug-of-war between buyers and sellers.
The last two candlesticks formed a Bullish Harami Cross Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.
American Bulls:
ESPRIT FINANCIAL GROUP INC
Daily Commentary
A bullish pattern has developed and a BUY-IF alert is issued today. The task is now to confirm the validity of this bullish pattern. We will guide you through this process but the prime star of this game is nobody but you. First you must do your homework. A good starting point may be to keep an eye on after-hours and futures trading to get preliminary hints about the direction of the market. Related news, events, economic data, and the world stock markets should also be closely followed prior to confirmation session.
There are three possible cases of confirmation. You have to follow the next session carefully to check if these cases will hold or not:
The market opens with an upward gap, signaling a bullish sentiment in the first case. Your benchmark will be the opening price. If the prices stay over the benchmark, go long. Any white candlestick with an upward gap is a valid confirmation criterion.
In the second case, the market opens at a level, equal to or below the previous day’s close. The benchmark is that closing price. If prices during the session stay over the benchmark, go long. Any white candlestick closing above the previous day’s close is the second confirmation criterion.
If, however, in both cases, the prices during the session start coming below the benchmark, avoid buying. Sell if you feel a definite tendency in prices to close the day below the benchmark.
The third case of confirmation is rarely observed. The market opens with a big downward gap suggesting a very bearish day, and the day ends with a long white candlestick, but still closing below the previous day’s close. However, such a day satisfies the third confirmation criterion and in this case the closing price of the long white candlestick will be taken as the price of confirmation.
If one of the three confirmation criteria is not fulfilled, or in case of a black candlestick or a doji on the confirmation day, the BUY-IF alert remains valid, however without confirmation and the three confirmation criteria are then sought in the following day. The only exception is the long black candlestick. Any long black candlestick following a BUY-IF alert makes it (the signal) void and invalid.
We do not suggest any new short positions given the bullish alert. The short sellers should consider covering their positions if the market confirms the BUY-IF signal. Otherwise, existing short positions should be carried.
.0003 --- soon we will move a decimal point!!!
I'd take .003 OR should I wait until .03?
C'mon guys, you know you should be buying here. Why go through all this pain, and not participate in the gains in a major way.
Be negative if you want, but what's the point?
Risk/reward at this level is too good to pass up imho.
Time to buy ---- I'm believe!
My Dec 31 target remains .0021 --- 7X from here.
Watch tomorrow --- my funds cleared.
Just wait until we list on the China stock exchange --- oh my! this will be the good life.
I can wait.
CBAY worthy of a $25,000 wager?
Not much downside at this point, and maybe worth a quarter million by Christmas?