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no - but the interest off that money is income...
I can't find the financials yet, though, they aren't on Pinksheets.com yet. I want to see the financials, before I go crazy, but it is good news. Anyone actually seen the fianancials yet, other than just what they outlined in the PR??
I want to look at the financials first - I'm sure it was from the sell of stock...that's not a long-term solution...but it is good news.
ya - we actually made a profit!!
ya - I guess that's why I'm looking more toward Q2 financials for good signs as opposed to Q1. I still think there are things that we can gleen from these financials, but I don't think they will be all that pretty.
I don't think we'll have broken even, I think it'll be a loss, but how much of a loss, and how much of that spending is "one-time" costs will really factor in a lot to how the financials read. For a company that was trading @ .0004, to expect profits is a bit naive and optomistic...However, I'd be interested to see if we have gotten ANY revenue from the Forex platform yet...things like that will be good indicators to what the future holds.
I'm out of money...I've bought all that I can @ prices way above these prices...I'm just saying that without L2's you dont' have the whole picture and even with L2's you don't see a lot. I think there is a line of people selling @ .0006, When my couple sell, then I know it's about to step up to .0007.
I've got some for sell @ .0006 to test the market and they haven't sold in the last hour. I think the price is about to really rise...
that is kinda what I was hoping/thinking. If they could raise about 1 million, then we should be alright and it could keep us going for another 9 months. By that point, wee should really be self-sufficent.
things are starting to heat up again, which sure makes me happy. This could be a good stock after all. I'll be honest with you, I don't think anyone was surprised with the dilution news, I mean, the stock had to dropping for a reason. I'm glad to finally know they are out of stock and now have cash in hand. I didn't sell on the drop, because I'm still believing that in 1 year, my shares will be worth a heckva lot more than they are right now. honestly, I thought they might have to do this. they only had limited cash reserves when I looked @ the year-end financials, and it takes about 250 - 300k a quarter to keep them a float until these revenue streams kick in. I think this could be the last dilution that has to take place and it will be our product lines that bring in the revenue in the future. I'd be interested to know how much cash the raised through the stock sell, because if it is enough to run the company for 6-9 months, I think that should put us in good shape.
to the moon baby!! :) This stock is going to the moon!!!
BJT - you are a marked man...
7.2 Mil
absolutely,
I'm posting some still, but with Harvey's intestine surgury it really put me back a week or so. My kids have been sick too, Sarah had a ballet recital last weekend, and this week I'm just trying to catch up from all the time I missed last week at work. I'm around, but I haven't had much to say with EFGO taking a dive recently. I've posted some questions on the town hall page of EFGO and I'm really just waiting for a statement on the O/S. I guess I'm wondering how we could have dipped so much without some dilution, but I've been wrong before. The news about the profit made off of the sell of Global was really cool. I guess with it still sitting @ .0007 I'm just going to hang on to it for a while and let it climb back out. I went back into work tonight and I'll be there all weekend too, so I'm just kinda keeping caught up, at arms-length, until next week probably as I get caught up. Lily and Liberty are still sick so...I'm just being a dad this week, which is fine by me. Hospital bills have been pretty amazing this year, plus I have to pay for a birth in September, so I won't be able to add any more money to my trading account anytime soon...just using what I have in EFGO. I do think this is the quiet before the storm and we are prime for another big run. Heck, everyday we top the active post list (EFGO Board) and it's always on the hot list - I think a lot of people are watching it. I'm still around, I just don't have much to say this week.
I prefer it, thought I think it was thrown together too quickly, probably as a knee jerk reaction. It could be cleaned up a bit and be more user friendly, but I prefer the "town hall" method. I think it's MUCH more professional and it keeps information specific and less rumors floating around. Plus, shareholders feel like they can ask questions, which I think brings a lot more confidence in a company...just my thoughts from what I've experienced. btw, I've noticed several of you guys submitting questions on there - brian w, etc.
how can you have a cost basis under .0001?
I guess that explains what "flavor" the green M&M's are: Pythagareus flavor - my favorite!
I did find these MM's on Allstocks.com - maybe it's MM names:
PETR
PITT
PLAT
It explains why the might have been named after a weed in your backyard...or a snake.
:)
I think it was Pythagareus - a person's name..."What a beatiful little boy, let's name him...Pythagareus...yes, that's perfect!!"
.0008
45 M shares traded - another low volume day. Soon the price should go back up. I don't think anyone wants to sell @ these levels.
Ya - I'm not saying I buy the biotech explanation hook-line-and-sinker. I think several factors are all going on @ once. Additionally, I think new money is waiting to see what the O/S are with the new quarter financials before they invest, because they are spooked by the re-trace.
I do still think they have an enormous amount of potential as a company and anyone who will be around in 1 year will have made a VERY nice profit.
It's been stated that the mentioned shareholder thought the company was going in a different direction (biotech) and got scared and sold everything. It seems that we learned this after the fact and I thought I read that the company was working to see if the billion share stockholder would buy back in, now that he knows the company is NOT going in the direction of biotech. So, it's not like we aren't pursuing him and saying - hey man - you got bad information so come on back. A 1 billion share buy back would sure put some life back into the stock. I'm just saying, you can't treat this stock like a 1-time buy and then dump a few days later. I'm long and I think anyone who's around for 6 months - 1 year will be VERY pleased with the outcome.
No - I'm saying that we should stop our little pittly fighting using the EFGO board. If you have a problem with someone or an off-topic discussion then you should private message someone. that is a general rule of most message boards - SOT - stay on topic. that's what I interpreted BJT as saying and I was agreeing with. Too often, false information gets dissiminated across this board and it takes weeks to undo it...where as one simple private message could have eliminated it in the first place.
I am saying, that the BIG investor DID NOT know what he was doing and that by unloading such a HUGE stake of shares that it drove the price down. How often does someone unload 1 Billion shares?? Pretty rare. I doubt it will happen again and so in the future, the price should rise. I was saying, let's stop our in-fighting and lets focus on a future that's bright with all of us making a lot of money...thank you New York and goodnight!
I think he's talking about an investor that unloaded 1 billion shares (not all in one day, but over an extended period of time), which is what drove the price down from .0014 to .0007 - or somewhere around there. It means that people who are holding now are holding long. It means that the price was artificially driven down through a "one-time" event which would not be repeated and so the price should go back up soon. I mean, how often does 1 billion shares get unloaded into the market - I think we absorbed it VERY WELL considering. Blue skies ahead!
BJT - cleaning house and taking names!!!
for what it's worth - I agree with BJT and just want to say that this guys knows what he's talking about and is a LARGE investor in EFGO. When I loose a few thousand dollars on EFGO - he looses a LOT more.
So I've been taking care of Harvey - what happened with EFGO today? Any ideas...I'm sure it's just short-term volatility...but I'm still surprised that we have stayed down at these levels...
btw, CIVX is on the HOT! list of IHUB, not that that means anything, but maybe it'll get the word out and bring some more activity around here once things start picking up!! Every little bit helps...
I could handle that trend...Even though it's only volume of 500 shares, it still makes my account look a lot better. :)
Psychological effect is always nice, whether it's reality or not...
Did anyone else have trouble with Bloomfield Investment Club L2's today. I couldn't get logged in. I'm trying to log-in wireless from a coffee shop, since my kid just had surgury @ Vanderbilt Children's Hospital, but Everything else, including my brokerage firm, worked fine. btw, say a prayer for my 14 month old. He's doing well - just a few days of recovery left and then we get to go home. EFGO seemed like it had a pretty non-eventful day, and obviously, that's the least of my worries right now. Thanks-all!
I'm in the same boat...My kid just had surgury @ Vanderbilt Children's hpspital - so I'm totally out of touch. Looks good for EVSA, though, not too sure about the spread or the .0005 sell. Probably just a random sell out of fear...Happy Trading.
you are going to have to play it by ear - this joker is about to do a 300 to 1 split - which might actually help you out. They may round your shares up when they convert them...I'm not really sure how it's going to react to the merger...
It is a good example and I do like the current price uptrend - but the numbers are tricky with that chart - they also implemented a 275 to 1 share consolidation, which askews the share price. It's still a profitable R/M, but everything has to be taken in context...
ya - but usually, you wait for the buying pressure afterward to confirm it. Monday will tell - if the buying pressure is there - definitely, but right now it just means it hit a place of resistence between buyers and sellers. We'll see who will win out - but honestly - .0008, how could people not be buying?? I guess I'm just biased...
Interesting update from EFGO - about Reverse mergers, etc.
http://www.investorshub.com/boards/read_msg.asp?message_id=18986628
That's logical and if I've learned anything is that logically, I can loose a lot of money. I'm not saying the individual I was refering to (who shall remain nameless) really thought it was worth less than .0008. I think like anyone else, he was trying to make a quick buck...start screaming fire in most boards and a lot of people will sell quickly and then look at it and see if there is smoke. Maybe it worked, maybe it didn't, but I don't think anyone had any real data to support share dilution - they might have been upset, or calculated, but either way, it seems from all streams of information that dilution is not going on. We were at this level 2 weeks ago and no one was screaming dilution...let's just see it as a good buying opportunity.
UBSS is the AX again, we'll see if he lets us up for air. He's been running the AX for a few weeks now.
I think they missed the run up, so they were trying to drive it the other way so they could scoop up cheap shares...everyone is trying to make a buck, one way or the other...
Interesting info from EFGO related to O/S - It seems they did buy some back and put in an escrow account - actually the numbers of O/S was better than I thought...
http://www.investorshub.com/boards/read_msg.asp?message_id=18983311
MOMO - actually means MOmentum MOver - it means stock(s) that through sheer buying influx, causes great momentum and price to rise above resistence points and really create major profit making opportunity. In it's purest state, it can mean stocks that move either up OR down, where money could be made on Shorting huge momentum dives. Since shorting is restricted by most/all brokerage firms for PK stocks this low, then most people in PK land are only concerned with MOMOs that are going up! We see it a lot - a stock with have a trickle of volume, and then with either incredible news, short squeeze, etc, then it receives an enormous amount of buying pressure through enormous volume pushing the price up dramatically...
If this joker goes to .0002, then I am getting a second mortgage out on my house and buying this thing - hold me to it, and no it won't drop to .0002 - what's the rationale behind that - there hasn't been any disappointing news??
Hold me to it - I'll go in with a couple of you guys - we'll raise 1 Million dollars and we will OWN the freakin' company buying up all the outstanding shares...