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I think cdnkid10 just does this to up the post count on this board and create a discussion on all the great things about ECGP. He/She/It has consistany stated the same things over and over again that are easily proved wrong, and therefore harmless. If any newb comes to the board, they will see by everyone elses comments that cdnkid10 types useless info.
I really hope Ed is going to have the CC and release financials by year end, like he said he would. If there is another delay, i fear this stock will drop significantly.
ECGP first traded the last week of august and 53k was traded that week
That august number includes FRTL shares so it is very wrong
Who said it was a bad thing, besides cdnkid10?
I have been on the train for a long time and have continously added more and more luggage along the way, but the price is not going up until:
1)financials are released
2)filings needed to uplist are filed
3)broker assisted only trade restriction is lifted
I will still continously buy and recommend this stock to other people, but it is what it is.
Bottom line: The share price will continue to fall until:
1)financials are released
2)filings needed to uplist are filed
cdnkid10 is correct about the selling pressure. There has been alot more buys than sells, but there has been no buying pressure and the few amount of sells have continously knocked the price down.
One reason why the stock price is going down could be the fact that inorder to buy this stock it has to be broker assisted. Once this restriction is lifted there will be more buying.
U r definatly right about that
That does not prove dilution, try again.
The only thing im telling u is that: In the 1 and half months since the shares have been trading freely only 1/3 of the float has been traded total (331k). I know this is a fact and it can be checked for accuracy, now do u know for a fact that the people selling are taking a "lose"? Do u know for a fact that the company is diluting? PLEASE PROVE IT! You make it way to easy to prove how wrong you are over and over again.
Haha nice try cdnkid10, in the 1 and half months since the shares have been trading freely only 1/3 of the float has been traded total (331k). So how can you say there has been dilution? I love proving you wrong time and time again.
If we can get 331k traded in 1 day then this stock price will move significantly.
If ED wants to stop the naked shorting he should just release the financials and get up listed, that should scare them off. On another note, can u short pinksheet stocks?
cdnkid10 Please read: http://www.sec.gov/investor/pubs/rule144.htm
30k volume today!
Hopefully, with the stock price going down after releasing all these PR's, Ed will realize that as long as ECGP is a pinksheet company with a stop sign, his stock price will not go up. I think with the last PR he realizes that he needs to start concentrating on fulfilling the requirements for uplisting. Once Pinksheets.com removes ECGP's stop sign this stock will move up!
I am more interested in some audited financials! I think once the financials are released we will see some movement in the stock price.
Hopefully after i buy on wednesday!
i have never been able to instantly buy this stock, i always just place an order in the morning and it usually gets partially filled throughout the day.
I just transferred money to my acct so i will be buying more on wed, sucks tdameritrade makes u wait that long to buy non-marginable stocks.
14k shares traded today ALL BUYS!!!
U are 100% percent correct, He is definately aware of what is written on this board, and i like that the fact that in his
PR he addressed the major concerns brought up by this board. I also think he knows that a majority of the 1mil float is owned by people who read this board and wants positive posts written about Envit inorder to attract new buyers!
cdnkid10 - Ed put a sentence in the PR just for you!
"At this time no freely trading stock has been issued and no restricted stock has been issued to any friends, family or promoters to date."
NEWS!!!
Envit Announces Ongoing Acquisition Negotiations
Envit Capital Group, Inc., (Envit Capital) -- (PINK SHEETS: ECGP), would like to announce that it is in current negotiations to purchase three other investment firms.
Chairman and CEO of Envit Capital Edward M. Laborio said today, “Deposits are in place to acquire three investment firms that currently combined manage approximately $200 million in assets. Together with our Ohio and Texas branches these small firms that we are acquiring will add to the growth and the revenue generation that we have set our sights on from the very inception of our wealth management division. Detailed information concerning the deals will be released upon completion of the transactions.” Laborio also said, “We will continue to be aggressive in acquiring revenue generating investment firms and believe that over the next twelve months we will dramatically increase the amount of assets we manage, striving closer to our $1 billion goal.” The Board of Directors stated today that it desires to hold off on issuing the initial conference call until ongoing negotiations with outside companies are concluded so that the details about these deals may be included in the conference call and the financials. Furthermore, the Board of Directors added that the company would like to address concerns of dilution. At this time no freely trading stock has been issued and no restricted stock has been issued to any friends, family or promoters to date.
Edward M. Laborio said, “It is important to include the full scope of what we are trying to achieve with Envit Capital rather than rush into an incomplete uninformative conference call just to accommodate an impatient minority. We anticipate being able to issue our financials and have the conference call by year’s end. Our goal is growth, and we intend to be a large presence in the financial services industry in the very near future.” ABOUT ENVIT CAPITAL and its OUTLOOK The Envit Capital Group, Inc., (Envit Capital) is a development stage boutique investment banking, securities and investment management firm that will provide a range of services to a client base that will include business, institutions, and high-net-worth individuals. Its objective is to be active in all three of the following segments: Investment Banking, Trading and Principal Investments, and Asset Management and Securities Services.
Asset Management and Securities Services The Company’s asset management business provides investment advisory services and will offer investment products (primarily through separately managed accounts) and will generate revenues in the form of management and incentive fees. Securities Services will provide generated revenues primarily in the form of commissions or fees from licensed registered representatives servicing clients separate brokerage accounts. Securities Services may provide the following; brokerage services to institutional clients, including hedge funds, pension funds and foundations, and to high-net-worth individuals. The Company currently only offers Investment Advisory services to high-net-worth individuals through Envit Capital Private Wealth Management, LLC and is currently registered with two branch offices in Texas and Ohio. The Company does not currently provide securities services.
Investment Banking Envit Capital will look to provide a range of investment banking services to financial institutions, investment funds, and individuals. These activities may include advisory assignments with respect to mergers and acquisitions. Other activities may include public offerings and private placements of a range of securities and other financial instruments, including common and preferred stock, convertible and exchangeable securities, investment-grade debt, high-yield debt, sovereign and emerging market debt. Envit Capital currently does not participate in any Investment Banking services.
Principal Investments Principal Investments division will aspire to facilitate transactions with a group of corporations, financial institutions, investment funds, and individuals. The firm will look to take positions through trading and investing in a broad array of multi-strategies in such investments as equity, debt, currencies, commodities and derivatives and real estate. Envit Capital will make principal investments directly and through funds that it raises and manages.
Interesting... This could turn out to be a very profitable relationship for ECGP shareholders
haha im pretty sure i have already discussed the fact that there is no dilution with you. Actually it was 2 days ago did you forget already? Please go back and read all the posts on 10/28/08 if you have forgotten.
According to otcbb.com's "knobias headlines" it looks like 2 websites are starting to pump ECGP. Pennyperformers.com and Standoutstocks.com, so trading could get interesting in the next couple of days.
10k bought and only 5k sold, always a good thing to have more buys than sells.
Good news is better than no news, but i still need to see some financials and a CC.
alpamare: You should do your math again mastaflash stated .024 split adjusted which means if you bought shares before june 26th u paid .0008 per share.
Prove it!
Brokers are not going to front shares of restricted (unregistered) stock with an unknown unrestricted date and to prove me wrong find me a broker who will! Even when the shares become unrestricted there are, rule 144 volume limits:
1) Only a limited number of shares may be sold during any three-month period. You can sell the larger amount of either: 1% of the total outstanding shares of the class being sold or the average reported weekly trading volume for the last four weeks, if the class is listed on a stock exchange or Nasdaq. (Stocks quoted on the OTC Bulletin Board and Pink Sheets use only the 1% measure.)
Also please read Rainmakers post again (#7460)
The good part for all of you is the only way those shares Ed sold can ever become free trading is 12 months after Ed gets you fully reporting. So it will be a long time before those shares see the light of day. New rule 144 regarding former shells. Any shares issued are restricted until Company is fully reporting for 12 months. So figure 6 months for Ed to get you fully reporting another 12 months for the 1 year hold. you're looking 18 months until those shares become free trading.
Rule 144 regarding former shells....
Meets all of the following conditions: 1) it has ceased being a shell company, 2) it is now subject to all Exchange Act reporting obligations, 3) it has filed ALL Exchange Act reports during the preceding 12 months, and 4) at least 90 days have elapsed from the time the issuer files “Form 10 Information” reflecting that the company has ceased to be a shell company, before any securities can be sold (restrictions removed) under Rule 144.
The issuer of the securities that was formerly a reporting or non-reporting
shell company has ceased to be a shell company;
• The issuer of the securities is subject to the reporting requirements of
Section 13 or 15(d) of the Exchange Act;
• The issuer of the securities has filed all reports and material required to be
filed under Section 13 or 15(d) of the Exchange Act, as applicable.
Form 10 type information with the Commission reflecting its status as an
entity that is not a shell company.
At least one year has elapsed from the time that the issuer filed current financials
One Caveat to the above, if Ed files an S1 registration statement and registers those shares and clears comments from the SEC and has the S1 declared effective by SEC, those shares would become free trading after the S1 is declared effective. Either way he has to get you fully reporting and uplisted to otcbb or higher.
Please read this again, especially the words in bold: Envit Capital Group, Inc. has SOLD approximately 6,000,000 Class B Common restricted shares and approximately 1,500,000 Class A Preferred shares of Envit Capital, LLC under the securities act of 1933 and in association with Regulation D and Rule 144. These shares will be EXCHANGED for restricted Envit Capital Group, Inc. stock in the very near future. The current outstanding structure of 1,015,097 shares WILL NOT BE DILUTED until these restrictions are lifted in adherence with Rule 144. Currently no shares have been issued to any promoters, investor relations companies and family or friends of executives from Envit Capital.
Sources:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ecgp
http://biz.yahoo.com/bw/080825/20080825005524.html?.v=1
Gladly: Envit Capital Group, Inc. has SOLD approximately 6,000,000 Class B Common restricted shares and approximately 1,500,000 Class A Preferred shares of Envit Capital, LLC under the securities act of 1933 and in association with Regulation D and Rule 144. These shares will be EXCHANGED for restricted Envit Capital Group, Inc. stock in the very near future. The current outstanding structure of 1,015,097 shares WILL NOT BE DILUTED until these restrictions are lifted in adherence with Rule 144. Currently no shares have been issued to any promoters, investor relations companies and family or friends of executives from Envit Capital.
Sources:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ecgp
http://biz.yahoo.com/bw/080825/20080825005524.html?.v=1
Please provide proof that these shares were handed out as gifts.
Thats just NITE being NITE. Happens all the time.
This is the highest volume we have had in 2 1/2 weeks and its only 10:40am.