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I never seen a dead horse kicked for so long!
T minus 5 and counting
Homeboy
Don't you find it a little odd that the letter is dated Aug 3 2012,
almost 3 years in to the proceedings.
Facts:
Until the Post article started:
Bills were being paid.
Major advertiser were being added.
Product was going nationwide. (Walmart, Cosco, Walgreens, etc)
New big named partners were being signed. (Marvel, Nick)
Products were being tested and given thumbs up by independent TV news stations.
Products carried on and highly ranked by sales by the number one internet selling company Amazon.
Product did exactly what it said it would do.
The real question here is who is buying and why? What does someone know that we don't.
A product sold?
A reverse merger ?
Close to 10 million shares traded the last to weeks.
Make no predictions and you will never be disappointed,
Just sit back and just enjoy the ride.
They probably thinking they are buying shares in United States Golf Association.
My guess someone entered the wrong symbol and brought the wrong stock. LOL
Or something is happening behind the scenes we don't know about.
Either way, I happy that this thing is still breathing.
Someone liked USGA today.
I know they stopped the day to day operation, but does anyone know if this has any life left? Is Bay still working on saving the company?
My thoughts exactly.
Rich,
A couple of things, giving themselves shares doesn't bother me, in order for them to realize any real dollars from those shares they are going to have to perform.
The five years of not getting an IPO, is going to make it very difficult for them to sell any volume of shares without sending the position to sub pennies.
As I have stated before I stay here only because Wonder and Tsingda are still filing quarterlies with SEC. This process cost money, I don't believe that neither one of these companies would keep the process going if they were not planning to get listed.
I would share your concerns if major dilution has been going on here the last 5 years. But the share structure hasn't changed much.
Using the half empty half full theory, I understand your concerns, but I see those shares offers as management thinks it is close to getting those IPO listed and that they want to make sure that those that help build this company will finally get their pay day for all the work, time and money they invested.
Million shares sold at a penny will on net you Ten thousand dollars. There is only 156 million shares outstanding (per Yahoo), and if the company doesn't perform who is going to buy them.
Been in this a long time, only thing keeping me here is the continuing filings of Wonder and Tsingda. These filing aren't cheap they must really want to get listed really bad.
Don't know when it is going to happen, but as long as Wonder and Tsingda keep filing I believe it is going to happen.
Hopefully, the Eastbridge group will learn from this long drawn out process and pick up a couple of short cuts for future clients.
1/3 of the year is almost up, still no listing. It does weigh on one patience. Yet in their defense the world is in the mits of a long recression/depression, with the end almost insight.
Nothing real to base this on but I think July is going to be very exciting around here. Watch for the fireworks.
Very true, but the number of shares I was refering to was the number of outstanding shares, the court estiminated in the market place. Which was way above what the company stated that were outstanding or even authorized.
That have to come from some place, I am Not Sure of the Source are you.
If so please explain.
Your right I was wrong, Cuomo wasn't the aggressive Attorney General I thought he was. If so SPNG should have been closed down long before it was.
PS
Alien42
Thank you for being such a fan, and having my words of wisdom so excessible at your finger tips. I am honored.
But please explain to me, if noboby believes, why delete my last post?
50 billion - 5 Billion still leave 45 billion unaccounted for.
As Ricky used to say to Lucy
"You got so explainen to do"
Can't blame you there
While I agree that this is a gambler stock I can see how this could be a 10 20 or even 50 bagger one day.
If they can accomplish listing their clients, something that they have not been able to do so far, the value of the company will increase by what ever share price the client is able to hold times the number of shares Eastbridge will recieve for their services.
Hey you never know.
The only thing here, the guy only saw vehicles with the letters USGN. He then looked up USGN on the web and jump to the conclusion it was US Global Nanospace. Mapsands was only mention because he it read off their website.
No way of knowing if the USGN vehicles he saw belongs to our USGN.
There is a USGN.org that develops software.
But one can only hope.
CL
I agree with some of your points "This company came from a spinoff of Providential Holdings corp", and PVH was a complete failure.
and " how many Anerican companies they are bringing public not a one always from foreign countries." Unfortunately this is where the future lies. America's economy is matured one while China's is still in childhood. The opportunity for finding greater growth companies is in China, but what also come with this is the greater chance of failure of those companies.
But I disagree "They are miling you all dry with nothing lies" They may not succeed in what they are trying to accomplish, but they are giving a honest effort. Proof of truth, filing of the SEC doc of their varies clients, raised capital for start up companies, and delivering dividends as promised,
I believe that they are an honest group. Where I have my questions is whether or not they have the expertise enough to make it happen.
Over the last 3 years hundred of Chinese companies have made it to the US market (many shady). Yet EBIG can not bring one to listing.
Some of it is not their fault, face it we are in a depression.
Back to PVH a minute, it was not a complete failure one of they spinoff did have some value EBIG.
Two days left in November, I guess it's not going to happen AGAIN.
The only good thing that keeps me in this position is the fact that they do have the nice paper trail with all those SEC filings.
Looking forward to 2012.
If they have they can prove the revenues it won't matter where they are listed. On QB : SAPGF $63.00, MICF $113.46,BHPLF $42.10 etc.
It's not the exchange that matters it's the company.
Maybe just maybe they will announce the listing.
They get back to me as well, with fluff no substance. Conference calls (not just once several times) that were unprofessionally run.
Reverse splits publicized before showing they can deliver the goods.
Share with the board anything they got back to you on that had any real value or any of there clains (that have value) that has come to fruition?
How many dateline have they met?
How many milestone have they met?
I truly believe that they are good honest hard working people.
I am beginning to doubt they they have the expertise to deliver.
Wonder, was so close, now hardly in the picture. Why? What went wrong? My guess it had to be the paperwork, and who doing the paperwork Eastbridge.
In 5 years have they not come though with any of their promises that has actually brought value to the shareholders.
Why I may have 1000 shares of Tsingda and Wonder, presently they are worthless, with no believable timeline when they will be.
Eastbridge orginally was a dividend stock given by Providential Holdings Inc. A company similar business plan to Eastbridge, if memory serves me right I think it was with Vietnamese companies.
You can check out how most of their dividend shares companies made out. I was given two, Eastbridge which is trading and E-check which over 5 years later has never traded. Also check out Providential Holdings Inc selling price, not awinner.
Giving Eastbrigde the benefit of the doubt do to these poor economic times, you have to wonder why their other companies that have been signed over 1-2 years are not further along in the listing process.
Following this company for several years. Is it just me or did the PRs of the past have substance while the one's over the last 9 months just fluff.
If I missed something please feel free to point it out, but the several months PR seem to be written only to sell stock.
I got to believe that if they really have a way to convert methane to gasoline at a reasonable price one of the gas giants would be all over them.
It's not like MTVG that is making a useable commerical product out of CO2. I can see the giants not really interested.
But CABN, if the tech what they say it is, would fill their tankers. I am sure cheaper than drilling and refining.
Sorry, but it just doesn't add up here.
Do you have the dividend? No.
They have announced several other dividend in the past that have not panned out.
Alpha Green dividend announced 2007. Do you have no.
Arem Pacific dividend announced 2007. Do you have no.
KaiDa, the number one black top paving and engineering company in Jiangsu province. No longer a client.
Part ownership in an Austrailan Wine company. No longer a client.
What is really starting to bother me here, is not the long delay of the two IPOs. But the lack of news and progress of the other 7 clients.
While Tsingda and Wonder wait out the economic storm before doing their IPO.
One would think that several of the other clients Eastbridge claims they are helping to take public, should have by now be at the same stage of SEC filings.
Just because those two are struck in limbo, there is no reason while the others show no real signs of progressing.
This is general information. VYON shareholders might find this interesting. Concerning shock lock http://www.dtcc.com/downloads/legal/imp_notices/2011/dtc/set/0846-11.pdf
Anyone got any feedback from the conference call?
Thanks in advance.
Same here. The stock is worthless anyway might as well hold.
I can not believe they couldn't sell mapsand with all the border problems this country has.
Pat once told me told he felt that he thought the future of this company was in the nanofilters.
Who knows if they hold the rights to anything anymore.
Hopefully someday the shell will be worth something.
From e-mail by eastbridge today
EastBridge Investment Group_s Client,
Tsingda Education, Obtains Additional pre-IPO Funding
PHOENIX, AZ _ July 26, 2011 -- EastBridge Investment Group (EBIG) (OTC BB: EBIG.OB) (OTCQB: EBIG) announced today that its client, Tsingda Education, has obtained a private equity funding of $13.68 million.
Mr. Keith Wong, CEO of East Bridge, commented, _This is a very positive step before Tsingda_s IPO. The new private equity investor has bought 3,000,000 shares at $4.56 per share. Tsingda now has a pre-IPO market valuation of about $183,000,000. The previous private equity investors paid $1.60 per share in September 2010. We are working diligently with Tsingda to facilitate their IPO work._
EastBridge Investment Group focuses on high-growth companies in Asia , offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in the education, internet, energy, mining and service sectors. To learn more about EastBridge Investment Group go to our web site: www.EbigCorp.com. To receive EBIG_s email alert, send a blank email to info@EbigCorp.com. Join us on Facebook at the following link: http://www.facebook.com/ebigcorp .
Forward-Looking Statements: Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact:
Norm Klein
EastBridge Investment Group Corp.
480-966-2020
480-966-0808 (fax)
nklein@ebigcorp.com
Investor Relations:
Jack Eversull
The Eversull Group, Inc.
972-571-1624
214-469-2361 (fax)
jack@theeversullgroup.com
Well, I am only allowed 3 post, Imagine a dead stock and they still are afraid what people say about it.
WHY?
Unless they are naked
1.5 million shares trade on a company that listed on the grey's, locked and days from be revoked.
Nope, there no shorts here.
Richrichrich
EBIG is at the mercy of their clients. The purpose of their clients using EBIG is to raise money to build THEIR business not EBIG's.
Those clients don't feel now is the proper time to list because of the anti-china environment. Why should they have an IPO and raise only 50-70% of what they could raise if they wait a little longer to do so..
Remember the higher the price the clients get for their stock the more core value EBIG will be worth.
It has taken awhile but as shareholders we are lucky that the company is still in business and moving forward during a period in history where investment money is almost nonexistence.
Be patient and look at the positives two companies our filing with the SEC,others are being signed, clearance has been approved listing, and now it is only up to them when they are going to do it.
What even more disturbing than that, these shareholders have not failed to act as they are paying for several government agencies to make sure that "naked shorting" does not occur.
The failure is not with the shareholders, but those government agencies that fail to do their job.
The question was whether or not there was Criminal Intent here or were they trying to build a company. As it it is almost a foregone conclusion that M&M will be found guilty it will be interesting to see how severe their punishment will be.
In our legal society the level of punishment is dealt out according to criminal intent.
Example, 4 men are killed.
The first is shot by another man who hated him. The killer plans it for months before he kills the victim.
The second, a hunter is accidentally shot by another hunter.
The third, is killed by an escapee from an insane asylum.
The fourth is killed by a man that he was trying to kill.
In each case the result is the same, a man was killed by another. Yet the level of punishment is far different. In the fourth case the act by society is considered justified.
Our legal system hands out various levels of punishment based on intent, remorse and circumstances. No justification or stamp of approval of their action, just curiosity of what their intent was and how the legal system will view it.
The other issue of the post was speculation that IF the SEC did not step in would SPNG have built a legit company. If so would the value of that company be worth more than .28 cents a share.
Just out of curiosity:
"let me put this simply, they stole over $50 Million from shareholders.
How much of that 50 million went to all those sport contracts, launching new products, TV ads, contracts with Nick and Marvel employing 100 Americans.
What they did was completely wrong and illegal, But was it criminal intent or the only way they could raise money to build a company.
The question also remains out there if not for the shut down, and the company allowed to grow would those shareholder be loser to day.
You can use the argument that they were not doing that great of business. Yet they were in Walmart, CVS, Wallgreens etc.
Plus there products were rated by independent news people, with mostly two thumbs up ratings.