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ok, thanks.
I am sure this isnt a problem but to all the people that fear large sells, lots of large buys scare me more, if there isnt an UT after a but of buys... Selling at the bid doesnt seem like dilution to me.
Still here and holding. Slow day all over.
Seems like when he isnt around there isnt buying?
(last post today)
I have (errr will have) a degree in accounting and one in finance. I have an associates (minor) in economics. Plus 3 years of banking experience, and 5 years of financial analysis/market experience! Van sounds like he knows management... Besides we would work as Private equity. We kinda work like a board overseeing management, the only difference is there is no shares, and we have move say in the company. Though they are doing a fine fine job. As a holding company we would be privy to ALL company info, not just public info.
If you are serious and you can get some people together, I have some banking contacts, it is a small 20 branch local bank I was an accounting clerk for in High school. I still maintain contacts with some "bigwigs" there and would talk to them about it. I am not certain how much they would be interested they focus more on mortgage/commercial lending.
Maybe we just secure a commercial loan and form a holding company to buy it. our own little "Private equity" company. :)
There was a large string of buys at the same time when the ask went to .0005 and then almost like I figured, there was a string of sells all at once. My intuition says they are connected since they were back to back, my guess would be the sells were bigger because they scarred more sells.
ALL IN MY OPINION NO PROOF!!!!
14:37:42 .0006 50000
14:34:42 .0005 50000
Looks like it was mirrored, quite a few of these today, not sure what they mean here. This thing trades so odd...
Quite the wall at .0006...
UBSS 0.0006 1 10:21:36
ETRD 0.0006 100 09:16:36
DOMS 0.0006 100 11:07:21
HDSN 0.0006 1 13:07:26
BRGE 0.0006 100 09:33:11
NITE 0.0008 100 08:30:09
I have frequently checked Bridgewater's website (BGRE) and I have no basis for this, but I really do not think it is the company they are selling for. Just a feeling that I am sure a lot of people will disagree with, luckily for me, they have no proof either :)
hmmm not many postings here. I dont own a benz, but hope to get one this year.
That is correct, Oversized lots are not required to be shown, since they usually take place broker to broker or MM and never pass through a specialist. specialists dont even exist for pinksheets.
Its like institutional investors, do you ever see berkshires order to sell 100,000 shares of KO? Only smaller average lots are shown on L2.
In more than one PR they have commented that there will be no R/S. Some posters even believe that would be beneficial, but the CEO has added statements in at least 3 Pr's I can recall that says in the forseeable (this doesnt bind them in the future if it is needed for an exchange move) there will be no R/S.
Many new investors do not read the town hall for DD IMO, most info is obtained from the PR's where it has been stated, it would therefore be redundant to elaborate more on this. Also this response commented to 3 questions, I just noticed I only copied 1... the only one that mentions the R/s
That was on another board in response to me, It could be possible that there is lack of buying because posts like this are made on public MOMO boards. By him responding that to me, it is a form of DD as it could solidify the Co. ideas as it appears some of these "bashers" are trying to unload shares ASAP.
sorry, BB penny heaven
Our friend Peter seems to maintain his ideas that this stock is bad.
Posted by: Peter2004
In reply to: R-money who wrote msg# 1005653 Date: 5/31/2007 10:30:25 AM
Post #
Yes, there are investors inside the company selling at great discounted price and no one want to buy this shit. That is why the price going in to deeep down. Moste likely will reached 0.000000001 soon.
EFGO response on dilution from their town hall section of website:
QUESTION:
This stock is constantly manipulated by profit takers. When do you feel the stock will settle, and assure investors that there will not be a 500 to 1 reversal?
RESPONSE:
To be frank, we are mystified. We have made some very significant announcements regarding new business development and agreements with strategic partners.We have completed the 504 capital raise. There is nothing to speak of in terms of additional dilution. We have, in fact, been buying some stock back when the prices get silly – but we intend to use our capital primarily to fund operational costs related to the new divisions ramping up operations. All we can say is that there are investors willing to sell at deep discount prices. We do not control the price per share, and there are no academic requirements to trade stock. That’s why pump and dump schemes are successful. There is a herd mentality that defies logic. Somehow we don’t think our long term investors are interested in that kind of activity.
Our best advice is to tell your friends and associates about EFGO. The more smart investors we have behind the stock, the better. Sometimes it takes a bit of time to sort things out in the market.
In the meantime, we are committed to maintaining transparency to as high a standard as possible without divulging trade secrets or other information that might jeopardize our competitive position in our product/service sectors.
Also News! http://www.guardiannewsngr.com/sunday_magazine/article17
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2007%5C05%5C31....
EFGO response on dilution from their town hall section of website:
QUESTION:
This stock is constantly manipulated by profit takers. When do you feel the stock will settle, and assure investors that there will not be a 500 to 1 reversal?
RESPONSE:
To be frank, we are mystified. We have made some very significant announcements regarding new business development and agreements with strategic partners.We have completed the 504 capital raise. There is nothing to speak of in terms of additional dilution. We have, in fact, been buying some stock back when the prices get silly – but we intend to use our capital primarily to fund operational costs related to the new divisions ramping up operations. All we can say is that there are investors willing to sell at deep discount prices. We do not control the price per share, and there are no academic requirements to trade stock. That’s why pump and dump schemes are successful. There is a herd mentality that defies logic. Somehow we don’t think our long term investors are interested in that kind of activity.
Our best advice is to tell your friends and associates about EFGO. The more smart investors we have behind the stock, the better. Sometimes it takes a bit of time to sort things out in the market.
In the meantime, we are committed to maintaining transparency to as high a standard as possible without divulging trade secrets or other information that might jeopardize our competitive position in our product/service sectors.
Also News! http://www.guardiannewsngr.com/sunday_magazine/article17
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2007%5C05%5C31...
Ask at .0005? they building a wall here?
he posted it on the board...
http://www.investorshub.com/boards/replies.asp?msg=20043775
is that petrit's attempt to short EFGO? 500 shares at the bid?
Let us see it! hahahahahaahahaha. Especially if it works!
oh, like name drop? I hope so, that kinda scuurred me haha.
cause a price drop? That isnt comforting that the PR's will drop price. Are they announcing that they have diluted?
EFGO - another niche market. This is a reallllly good idea. Should do well for them!
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Prepaid Branded Stored Value Card Program For Cruise Line (Press Release)
Las Vegas, NV, May 30, 2007 (Pink Sheets News Service) — LAS VEGAS, NV, May 30, 2007 - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com announced today that it's first credit card branded stored-value debit card program has been secured to service cruise line employees on an international basis.
The cruise line will begin dispersing payroll using the Company's credit card branded stored-value debit card program to its crew members.
Currently, like most international shipping vessels, sailors are paid in cash - typically U.S. dollars - in International Waters. During shore leave, crew members pay exorbitant amounts to change currency in close proximity to their ship, making purchases very expensive. Banking is also problematic and transferring funds to family members is expensive and cumbersome.
Esprit, in conjunction with its strategic partners, offers an effective alternative that will greatly benefit crew members. The cruise ship company will load cash value onto a branded stored value debit card. The card will be accepted wherever MasterCard credit cards are accepted. Additionally, funds can be transferred to family members easily via a card to card transfer.
These stored-value debit cards look like a typical MasterCard, and benefit from the universal acceptance provided by a major credit card. However, they carry a stored-value of cash. There is no credit agreement or monthly billing. The dollar value available is stored on the card, and is depleted as purchases are made. These cards will be accepted at nearly every international destination.
Jack Chang, head of Esprit's Advanced Electronic Funds Management (AEFM) division, noted; "This first contract represents an excellent beginning for our merchant marine stored debit card program. Modern cruise ships often have more crew members than passengers, and the largest ships can accommodate over 3,000 passengers. With several hundred cruise ships worldwide, this represents a attractive market for Esprit".
Chang added; "More importantly, our stored value debit cards represent an ideal solution for the merchant marine market in general. Sailors on cargo ships face the same dilemma as those on cruise ships. According to the 2005 CIA World Factbook, the world total number of merchant ships of 1,000 Gross Register Tons is over 30,000. This represents a very significant market sector where we will enjoy a 'first mover' advantage".
Esprit's AEFM division will also be pursuing market opportunities in other sectors where its payroll debit card solution can be of benefit. Examples include many manufacturing operations with hourly our casual workers, as well as the agricultural sector where migrant workers are employed.
Esprit Financial Group, Inc. is currently featured at AudioStocks, where a profile and other information may be obtained by visiting http://www.audiostocks.com. Additionally, the Company's CEO, Garr Winters, was recently interviewed by Wallst.net which can be reviewed at www.wallst.net/audio/audio.asp?ticker=EFGO&id=3421.
About Esprit Financial Group Inc.
Esprit Financial Group Inc, is a public company engaged in a diversified number of online financial services. These include:
? PayDay Loans: A pioneer in the payday loan industry, the Company licenses comprehensive software solutions to industry participants, under the Cash Now banner at www.cashnow.org .
? Forex: The Company's Forex Trading division offers an innovative low-cost Forex trading service at www.cashnow.com targeted to active day-traders.
? Advanced Electronic Funds Management: This division offers a number of class leading financial services that facilitate a variety of Internet based international electronic funds transfer and cash management solutions.
? Structured Debt Resolution: This division will offer streamlined, cost effective alternative services to facilitate the negotiation of debt settlement online.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
SOURCE Esprit Financial Group Inc.
cashnowcorp@cashnow.com
Investor Relations: 1-954-376-8622
EFGO - another niche market. This is a reallllly good idea. Should do well for them!
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Prepaid Branded Stored Value Card Program For Cruise Line (Press Release)
Las Vegas, NV, May 30, 2007 (Pink Sheets News Service) — LAS VEGAS, NV, May 30, 2007 - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com announced today that it's first credit card branded stored-value debit card program has been secured to service cruise line employees on an international basis.
The cruise line will begin dispersing payroll using the Company's credit card branded stored-value debit card program to its crew members.
Currently, like most international shipping vessels, sailors are paid in cash - typically U.S. dollars - in International Waters. During shore leave, crew members pay exorbitant amounts to change currency in close proximity to their ship, making purchases very expensive. Banking is also problematic and transferring funds to family members is expensive and cumbersome.
Esprit, in conjunction with its strategic partners, offers an effective alternative that will greatly benefit crew members. The cruise ship company will load cash value onto a branded stored value debit card. The card will be accepted wherever MasterCard credit cards are accepted. Additionally, funds can be transferred to family members easily via a card to card transfer.
These stored-value debit cards look like a typical MasterCard, and benefit from the universal acceptance provided by a major credit card. However, they carry a stored-value of cash. There is no credit agreement or monthly billing. The dollar value available is stored on the card, and is depleted as purchases are made. These cards will be accepted at nearly every international destination.
Jack Chang, head of Esprit's Advanced Electronic Funds Management (AEFM) division, noted; "This first contract represents an excellent beginning for our merchant marine stored debit card program. Modern cruise ships often have more crew members than passengers, and the largest ships can accommodate over 3,000 passengers. With several hundred cruise ships worldwide, this represents a attractive market for Esprit".
Chang added; "More importantly, our stored value debit cards represent an ideal solution for the merchant marine market in general. Sailors on cargo ships face the same dilemma as those on cruise ships. According to the 2005 CIA World Factbook, the world total number of merchant ships of 1,000 Gross Register Tons is over 30,000. This represents a very significant market sector where we will enjoy a 'first mover' advantage".
Esprit's AEFM division will also be pursuing market opportunities in other sectors where its payroll debit card solution can be of benefit. Examples include many manufacturing operations with hourly our casual workers, as well as the agricultural sector where migrant workers are employed.
Esprit Financial Group, Inc. is currently featured at AudioStocks, where a profile and other information may be obtained by visiting http://www.audiostocks.com. Additionally, the Company's CEO, Garr Winters, was recently interviewed by Wallst.net which can be reviewed at www.wallst.net/audio/audio.asp?ticker=EFGO&id=3421.
About Esprit Financial Group Inc.
Esprit Financial Group Inc, is a public company engaged in a diversified number of online financial services. These include:
? PayDay Loans: A pioneer in the payday loan industry, the Company licenses comprehensive software solutions to industry participants, under the Cash Now banner at www.cashnow.org .
? Forex: The Company's Forex Trading division offers an innovative low-cost Forex trading service at www.cashnow.com targeted to active day-traders.
? Advanced Electronic Funds Management: This division offers a number of class leading financial services that facilitate a variety of Internet based international electronic funds transfer and cash management solutions.
? Structured Debt Resolution: This division will offer streamlined, cost effective alternative services to facilitate the negotiation of debt settlement online.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
SOURCE Esprit Financial Group Inc.
cashnowcorp@cashnow.com
Investor Relations: 1-954-376-8622
No offense to Gail as I own it also, but if PAIM can hit the .0006's and higher so can we. They do not have proof of their gold, they have an float at least 2 times ours, a huge O/s and A/s and don't forget all the debentures and divi that are convertable staggard over the next few years.
We just need the right frequency to break the chains.
people making sure it closes at the ask... heh
I don't mean that, I mean L2, I dont have l2 for pinksheets. I just wanted to know who is at what price.
With how many people that were bid whacking and sitting with buys at .0005, I am suprised more people aren't getting filled. I expected a bunch of volume with this B/A spread.
Can anyone break down MM locations for me please? TIA
What are you talking about? The company doesnt sell at the bid? this is people dumping, the company uses a market maker, dilution would take place as people by at the ask.
Because sells are going through at the bid, I think people are selling out of impatience...
Looks like lots of pink sheets down today... interesting.
EFGO another bank deal, moving the financial empire to Africa!
Esprit Financial Group, Inc. (Pinksheets: EFGO.Pk) Announces Agreement in Principle with Union Bank of Nigeria (Press Release)
Las Vegas, NV, May 29, 2007 (Pink Sheets News Service) — LAS VEGAS, NV, May 29 - Esprit Financial Group, Inc. (PINK SHEETS:EFGO.PK) announced today that the executive committee of one of Africa's largest banking institutions, Union Bank of Nigeria, have given provisional approval for dialogue to move towards contractual agreements for the implementation of a new issuing payment platform.
Esprit's Advanced Electronic Funds Management (AEFM) division will be providing merchant account services, stored value credit and debit cards and international funds clearing services as part of its EM2 service capabilities in conjunction with its credit card financial services supplier, Credit Card Solutions UK Ltd (CCS).
Esprit's AEFM division head Jack Chang will program manage the implementation for Union Bank. It is anticipated that this project could go live as early as the third quarter of this year.
The agreement calls for Esprit to deliver an initial 100,000 stored value cards by August, 2007.
Jack Chang, head of the AEFM division, noted; "We have always maintained that there is a tremendous pent-up demand for advanced electronic funds management services in less developed countries internationally. This is especially true in the African and South American regions. Africa is experiencing a major growth surge, and financial institutions are rapidly adopting new technologies to broaden their service capabilities to attract new customers and cross-sell new services to existing ones. There is strong demand for electronic payment services in the region and continual strengthening of the internet and ATM backbone across both urban and rural areas".
The revenue sharing arrangement between the various suppliers calls for Esprit to receive 1/3rd of net revenues generated through this contract.
Esprit CEO Garr Winters commented; "We're obviously pleased as punch to make this announcement. Things are ramping up fairly quickly in our AEFM division. This contract confirms our business model to go after international markets as a top priority.
Garr added; "Jack is an absolute first rate resource, and we are fortunate indeed to have him onboard. Now that he has the solid financial backing and a management team that can provide marketing and sales support, we're putting the 'pedal to the metal' to close new deals on an accelerated basis. There are a number of exploratory contract discussions that have been ripening slowly and quietly in the background. We're now ready to start harvesting this "low-hanging fruit". ".
In other Company news, Winters explained; "Just so that there is no confusion, this is a separate and unrelated contract from the Chinese Jiangxi deal announced on May 17th, 2007. The due diligence process is taking somewhat longer than originally anticipated. This is actually a good sign, as there is a lot more value in the Jiangxi than we expected. We should be in a position to make our final determination in the next 30 to 45 days on this important transaction.
About Union Bank of Nigeria:
Union Bank of Nigeria Plc http://www.unionbankng.com was established in 1917 as a Colonial Bank with its first branch in Lagos. Today, Union Bank remains one of the best capitalized banks in Nigeria. It has the largest shareholders' funds of N100.500 billion and operates through 379 network of branches that are well spread across the country, all of which are on-line, real time.
Today, the Bank is a leading regional bank in sub-Sahara Africa in terms of its diverse investments across the globe. A glance at the Bank's financial summary reveals its solidity. As at 31st March, 2006, the Bank's gross earnings was was N66.576 billion; profit before tax was N 13.536 billion; total assets was N 667.766 billion; and shareholders' fund was N 100.500 billion.
About Credit Card Solutions UK Ltd
Credit Card Solutions UK Ltd (CCS) (www.creditcardsolutionsuk.com) is a consultancy firm which since early 2005 has been consulting in the area of prepaid debit implementation strategies specifically across the Europe, Middle East and African (EMEA) region, expanding into Asia Pacific and Latin America during 2006. By developing relationships with issuing banks and transaction processors CCS guides its corporate clientele to the most appropriate product offering based on a detailed requirements assessment process and guidance by an internal financial advisory counsel.
About Esprit Financial Group Inc.
EFGO another bank deal, moving the financial empire to Africa!
Esprit Financial Group, Inc. (Pinksheets: EFGO.Pk) Announces Agreement in Principle with Union Bank of Nigeria (Press Release)
Las Vegas, NV, May 29, 2007 (Pink Sheets News Service) — LAS VEGAS, NV, May 29 - Esprit Financial Group, Inc. (PINK SHEETS:EFGO.PK) announced today that the executive committee of one of Africa's largest banking institutions, Union Bank of Nigeria, have given provisional approval for dialogue to move towards contractual agreements for the implementation of a new issuing payment platform.
Esprit's Advanced Electronic Funds Management (AEFM) division will be providing merchant account services, stored value credit and debit cards and international funds clearing services as part of its EM2 service capabilities in conjunction with its credit card financial services supplier, Credit Card Solutions UK Ltd (CCS).
Esprit's AEFM division head Jack Chang will program manage the implementation for Union Bank. It is anticipated that this project could go live as early as the third quarter of this year.
The agreement calls for Esprit to deliver an initial 100,000 stored value cards by August, 2007.
Jack Chang, head of the AEFM division, noted; "We have always maintained that there is a tremendous pent-up demand for advanced electronic funds management services in less developed countries internationally. This is especially true in the African and South American regions. Africa is experiencing a major growth surge, and financial institutions are rapidly adopting new technologies to broaden their service capabilities to attract new customers and cross-sell new services to existing ones. There is strong demand for electronic payment services in the region and continual strengthening of the internet and ATM backbone across both urban and rural areas".
The revenue sharing arrangement between the various suppliers calls for Esprit to receive 1/3rd of net revenues generated through this contract.
Esprit CEO Garr Winters commented; "We're obviously pleased as punch to make this announcement. Things are ramping up fairly quickly in our AEFM division. This contract confirms our business model to go after international markets as a top priority.
Garr added; "Jack is an absolute first rate resource, and we are fortunate indeed to have him onboard. Now that he has the solid financial backing and a management team that can provide marketing and sales support, we're putting the 'pedal to the metal' to close new deals on an accelerated basis. There are a number of exploratory contract discussions that have been ripening slowly and quietly in the background. We're now ready to start harvesting this "low-hanging fruit". ".
In other Company news, Winters explained; "Just so that there is no confusion, this is a separate and unrelated contract from the Chinese Jiangxi deal announced on May 17th, 2007. The due diligence process is taking somewhat longer than originally anticipated. This is actually a good sign, as there is a lot more value in the Jiangxi than we expected. We should be in a position to make our final determination in the next 30 to 45 days on this important transaction.
About Union Bank of Nigeria:
Union Bank of Nigeria Plc http://www.unionbankng.com was established in 1917 as a Colonial Bank with its first branch in Lagos. Today, Union Bank remains one of the best capitalized banks in Nigeria. It has the largest shareholders' funds of N100.500 billion and operates through 379 network of branches that are well spread across the country, all of which are on-line, real time.
Today, the Bank is a leading regional bank in sub-Sahara Africa in terms of its diverse investments across the globe. A glance at the Bank's financial summary reveals its solidity. As at 31st March, 2006, the Bank's gross earnings was was N66.576 billion; profit before tax was N 13.536 billion; total assets was N 667.766 billion; and shareholders' fund was N 100.500 billion.
About Credit Card Solutions UK Ltd
Credit Card Solutions UK Ltd (CCS) (www.creditcardsolutionsuk.com) is a consultancy firm which since early 2005 has been consulting in the area of prepaid debit implementation strategies specifically across the Europe, Middle East and African (EMEA) region, expanding into Asia Pacific and Latin America during 2006. By developing relationships with issuing banks and transaction processors CCS guides its corporate clientele to the most appropriate product offering based on a detailed requirements assessment process and guidance by an internal financial advisory counsel.
About Esprit Financial Group Inc.
Sloooow day.
BUCA looks interesting here. Could bounce a little, analysts seem to like it.
Still waiting on update from EFGO on the acquisition and other revenue projections etc. Accum/Dis still way way up.
I think the Co. Will modify the share structure when it becomes a full grown company and doesn't need the shares for the reason publicly traded companies were invented... growth financing!
They didnt mention anything about canada, but did mention the financials did NOT include information for cash now australia, which has been in operation for a while I believe.
Read his back posts, he seemed to like it, until a few on the boards shot him down. Joeyclams argued with them, oh well trading is a zero sum game, we need losers also, otherwise we cannot win :)
Actually the Pr said As Monday May 21 2007 is a Federal holiday in Canada, and Esprit will not have an opportunity to seek external due diligence of this purchase with Canadian governing bodies, Esprit management foresees that further guidance regarding this acquisition and discussions will not be forthcoming until at least the middle of next week.
This means BEST CASE SCENARIO. As others have noted (keep in mind this is big news as it could potentially double revenue from this project) maybe management made the EXECUTIVE decission in best interest of the SHAREHOLDERS and release the news AFTER the long holiday weekend. As we saw a sell of yesturday most traders were clearing their books and prepping for a slow day/weekend.
Eventually there will be a demand for shares that have been accumulated, and if people hold out on selling, it will be like shaking chamagne and popping the cork, the pressure causes the cork to knock out the weird guy that always stands on the wall and hovers around the girls creeping them out. (in our case the flippers that got shaken out of their shares)
Basically even if people dont like the news, from a chart standpoint we are still on a roooooooll.