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October 23, 2006 12:30 PM ET
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Related Quotes
Sym. Price Chg.
ECFL Trade
News 0.019 -0.0015
eCarfly, Inc. Announces the Signing of the ``Plan of Merger`` With CompleteAuto and eAutoDrop
October 16, 2006 06:00:14 (ET)
DALLAS, Oct 16, 2006 (BUSINESS WIRE) -- eCarfly, Inc. (Pink Sheets:ECFL) today announced the "Plan of Merger" between eCarfly, Inc., CompleteAuto, Inc., and eAutoDrop, Inc. has been signed. Now that "Plan of Merger" has been signed, Articles of the Merger have to be filled with the Florida Secretary of State as well as the Minnesota Secretary of State. After receiving the returned file stamped copies from the states of Minnesota and Florida, and proper notification to the shareholders has been issued, the merger will be consummated.
Desmond Milligan, CEO of eCarfly stated, "I'm very excited this merger is finally in the closing. eCarfly can now begin to show actual revenues to our shareholders as well as generating new business." Desmond Milligan further stated, "Our plan to move from the Pinks to the Bulletin Board is right around the corner."
About Complete Auto:
Founded in 2004, CompleteAuto is headquartered in Orlando, FL and is proud to have been selected by eBay, Inc. as a joint marketer. Currently there are agreements in place between eBay, Inc. and CompleteAuto. CompleteAuto offers eAutoDrop Center licensing agreements only to licensed dealerships to assist private consumers with the sale of their vehicles on eBay Motors.
About eCarfly, Inc.
eCarfly provides individuals and automotive dealers a hassle-free and cost-effective alternative to sell their vehicles while reducing to zero traditional costs associated with the vehicle sales process! With the knowledge, experience, and understanding of the automotive industry, eCarfly knows exactly what works and what doesn't. eCarfly is currently focusing on online vehicle auctions, industrial equipment, aircraft, personal watercraft auctions, and partnerships with companies and private individuals interested in selling their personal vehicles.
Disclaimer
Matters discussed in this press release are "forward-looking statements." Statements describing company objectives are forward looking. Company's plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the company and market evaluations of its stock, which could cause actual results to differ materially from those anticipated.
SOURCE: eCarfly, Inc.
eCarfly, Inc., Dallas
Desmond Milligan, 214-292-6622
1-877-322-7359
info@completeauto.com
Copyright Business Wire 2006
can you cut and paste that into here. I couldn't find it on the link you sent. Thanks Rheddle.
Good point Rheddle!
I thought Desmond said it was 220 million? 1.2 billion seems a bit high... are all these shares authorized and outstanding and available for trade or are they just the total amount authorized but not available for trade?
Based on your last post, can we draw any conclusions on ecfl?
That could be the total number of shares authorized. The total number of shares outstanding and available for trade could be much less... not sure though!
Rheddle did you talk to desmond yesterday? Did he say that we would get a press release this Monday?
this puppy is going to PR... and fly!
Tech essentials... lets get your analysis for the day!
agreed! it should be an interesting day....
STEEL CAT can you sell me 25k of shares at .019 please. thanks i have an order in.
anyone heard from desmond lately... ??? want to know progress on this merger!
they are moving to eautodrop... they also are starting a new one called autodropoff.com
RHEDDLE -
THIS THING IS FLYING!!!! sorry for the caps...
See rheddle's due dilligence posts, they are a page or so back... look around 11 pm last night. jump in high lets get this thing ticking up!
Kewlman you drinking the Koolaid buddy... lol... mixed with a little vodka tonight....
I would like something in writing too...! It will come though we just have to be patient
Thanks for that! i really enjoy you doing this everyday!
I like it guys keep up the DD! It assures us this thing is moving forward!!! YES!!!!!!!!!!!!!!!!!!!!!!!!!
anyone know what is up with ecarfly.com's website... are they just moving to eautodrops...
Exactly... we are in pennyland where everyday is like ONE YEAR.. LOL
techssentials... that was great. I am just getting into the world of trying to understand the technical analysis behind stock buying.. i have bought a few books. I consider myself pretty good at understanding Company fundementals... that is why i picked ECFL... but making money on penny's you really have to have both down to come out ahead. i think on news of revenues and finalization of the merger the trends will reverse upward! that is of course just my opinion....... waiting very patiently to see that happen!
Another thought...
I think the reason the stock is not trading higher on the news of a pending merger is two fold:
1. The merger has been drawn out for a long time... especially in penny stock world timeframes...
2. This is a pennystock ... the risk premium goes way up on these things bc of the lack of required public reporting.....
The flip side to this is that when the news is finalized... the gains on the upside will be much larger.
This is all my opinion of course, take it for what you will.
Thanks Misterbet glad to be here! EOM
I 100% agree it did NOT sound ominous! He sounded like a guy who worked in tech... and that was it..
I have talked to jeff roman before last week when desmond was in florida. he told me on the phone that the deal was pretty much finalized... that was last week. then a press release came out this week saying that a plan of merger papers had been signed.
i am going to be dancing in a field of daises when all the idiots sell off their shares at a rock bottom price to me and this thing sky rockets.
According to the last update they are still on track.
Oct 16, 2006 (M2 PRESSWIRE via COMTEX) -- Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Today's activity on the Nasdaq exchange has brought eCarfly, Inc (OTCPK:ECFL) to the attention of our research team. Our goal is to create a community of international investors who consistently and effectively capitalize on the enormous gains the small-cap Canadian and American exchanges offer.
eCarfly, Inc. (Pink Sheets:ECFL - News) today announced the "Plan of Merger" between eCarfly, Inc., CompleteAuto, Inc., and eAutoDrop, Inc. has been signed. Now that "Plan of Merger" has been signed, Articles of the Merger have to be filled with the Florida Secretary of State as well as the Minnesota Secretary of State. After receiving the returned file stamped copies from the states of Minnesota and Florida, and proper notification to the shareholders has been issued, the merger will be consummated.
Desmond Milligan, CEO of eCarfly stated, "I'm very excited this merger is finally in the closing. eCarfly can now begin to show actual revenues to our shareholders as well as generating new business." Desmond Milligan further stated, "Our plan to move from the Pinks to the Bulletin Board is right around the corner."
The guy you talked to was from "tech support" .... he doesn't know anything. he told me the same thing that it was pending due dillgence... that is probably the same thing he is told to say every night since last week... LOL!
calm down..."PLAN OF MERGER" papers have been filed. they are working on getting the deal done and finalized by next week that is what the press release said. they have come this far do you really think that in the last seconds the deal just fell through...
i work with company's who merge all the time and this process is extremely lengthy... it takes a long time to get everything finalized...
so just hang in there... the news will come shortly that this thing is a 100% done DEAL.
due diligence i.e. research
I was hoping to pan that work off.... LOL! ok i will look into this.. just didn't want to duplicate efforts.
Has anybody actually called the courthouses to confirm that the paperwork is being filed for these mergers... any DD going on in this court???
We should think about doing this.
Also anyone call the Company's regarding the merger, share buyback, websites being updated?? We need Desmond to answer some questions.
YES! I set a buy order in at the beginning of the day at .019.. I guessed that would be around the low today... I was pretty darn close to right! Added 50k shares up to 170K... lets let it ride!!!!
thanks for that!
what does RSI mean... i don't understand this?
Steelcat that was good advise. Time will test this Company and I do think they have a solid business model that can grow at a low cost over time and generate good income. So lets all hold and be rich in 2 years... in the grand scheme... not that long to wait.
Rheddle I could not have said it more perfectly. GREAT POST@!
we all have to just relax.... this thing is going to edge back to the .03's tomorrow. life is long guys.... company's sometimes take a while to materialize... and so do stock prices... we have to wait for things, wait for a prospectus on revenues. wait for financials... wait for the merger to go 100% through... all these things affect the pps... lets be patient.. we are in very low now... as low as it will probably go.. could go lower.. then just buy more. I sort of agree with tech essentials, once the stock changes ticker symbols we will see a HUGE SQUEEZE.... .18 is what I am predicting. But that is just my opinion. If I could flash everyone forward just one or two months... i think we will all be pleased... actually i think we will all be reletively pleased by this friday. relax, enjoy the game!! this is fun! you can't have great highs without some lows along the way. thats why its the stock market!!!
Rheddle -
Thanks for that update! Great work on calling and finding out that information. I think it is actually good that it will take a week to get more information. We are all so impatient in this world and want to get rich now! I think this stock has great long term potential. I am in at .028ish.. and to me that is a safe place to be given that this Company is new and has great potential. It will go up and down and bounce around. May even spike to .10... but it will take a few months for this thing to truly lift off... and when it does watch out. I feel bad for the people who can't hang on.
yeah, I am buying the crap out of it in the morning... this thing is like a crouching tiger ready to pounce on .10. The great thing is I don't get very excited about the days highs and lows. I am actually planning on holding all my shares for 5 years. I think the stockprice will be $7-9 by then. And I will sell out and be a millionaire. that was my goal... by age 35!!! perfect timing... thanks ecfl!
Any thoughts on today, the future?
well, i think it will rebound hardcore tomorrow!! keep the faith.. .06 by weeks end!