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but in this case it has been made clear that unless the pps attains somewhere in the .002 - .005 range that Garr get's NO shares at all!
That's good to hear!!
Confirmed with Irwin yesterday was not a buyback.
how can you tell??
volume now over 952 million
I believe they said in townhall that wachovia was initiated or had dealings with jack chang and they are no longer in view (whatever roll they might have played)
But there weren't this many shares left in the A/S. Unless the A/S was raised, all these shares cannot be dilution. That would lead me to believe this is not dilution.
does anyone know or can anyone tell if these are mostly buys/sells?? And who on earth is buying/selling this many shares? any theories??
Good lord, over 883 million shares traded so far according to TDA. Wow!!
company buying back??
I do remember. I guarantee the moment they R/S this is dead in the water. I, like you, still have hope, but a very cautious hope and a growing distrust of management. Seems like they leave out details. They don't seem to outright lie most of the time but they just "forget" to mention things. I'm still holding, really don't have much of a choice at this level. We will see if they can come through. As long as Garr still is only being paid in shares, I'm hopefull this can take off at some point.
didn't ask. don't know. sorry
I agree. I've been hesitant to post it on the board because I knew that it was going to stir the pudding. But, ultimately, I feel everyone here has just as much right to know as I do what he stated.
verify it for yourself. Call or write Michael. That's what he sent me, word for word. I didn't change anything.
EMAIL:
This is a question/email I received last week from Michael. I will leave it up to your interpretation. I also submitted a followup but have never received a response.
I WROTE:
It looks like more dumping today. Is management putting the rest of the A/S on the market? If so, are you planning on a reverse split?
Also, is Garr still just being paid in shares or is he now receiving other compensation?
REPLY:
C'Mon now!!!
Investors were asking and demanding a PR and we issued 2 this week. When we issue PRs we are no good when we do not issue Prs we are no good. How do we win? If and when a reverse split happens we will make sure that there will be plenty of good things to put out to keep the NEW price up. We have more then enough shells in IFGX as assets we have a line of credit in place we are sitting on a good pile of cash and the business is doing fine. Now we will do all we can to reflect that in the price per share.
Is Garr getting paid? No hes not! Read the Pr where it says he gets pay pinned to share value. What was the stock at that time? 0% appreciation well then hes got 0% stock! Why is this hard to accept?
Sorry if I sound a bit snappy but there was a split against putting out any Prs until the reverse (be it 3 -6 or 9 months from now) and then we Pr 3 or 4 or 5 a day to keep the price up if we have to.
We have a good CEO and we should be proud of him. 6 shells Tony! Find 1 pink sheet co with that kind of asset base.
Have a good weekend
Regards
Michael
they just addressed this on town hall
ok, thanks
but I thought 504 shares were still restricted? Are they not?
what does or would that mean jannie?
can or will you share Plleeeeaaaaasssseeeee
how much of that is profit and what would that put the pps at, reasonably?
I look forward to that. Hopefully it's not a fluff PR.
My post to town hall and the answer I received:
Can you tell me what kind of timeframe we are looking at as far as making and executing a decision to be pink certified as you have previously stated would be happening or uplisting to the OTCBB via one of the shells? ,
What exactly are you planning to do in way of an investor awareness campaign and when are you planning to start?
When do you think shareholders will realize the benefits of what you have done as far as purchases and acquisitions with shares rather than cash?
Is Garr still only paid with shares?
Any word on when we will see results on recent negoitations?
What about the cruise line pre paid cards?
Why were the chinese in town the other week and what came of that?
Thanks
ANSWER:
This will be answered in the Town Hall sometime this week.
I can have faith in projections, but not after being lied to. Fool me once....
Thanks for sharing Auntie!!
It appears to me that EFGO is bordering on a lawsuit. If they don't want that, they better make things right quickly.
Do you know if they can legally get away with the whole voting right thing-I mean giving all the voting rights to Zoran and taking it away from the shareholders?
Yep, I'm now ready to admit that they are a bunch of liars (that's right- you too Irwin- I know you're reading this). Only way this comes up is to have amazing deals with lots of revenue $$$ and I mean a lot. That's if they don't lie again and increase the A/S. If they do that you know that that they will soon hit the O/S. Thanks for the lies and deception EFGO.
Thanks for the info. Much appreciated. When we least expect it--BOOM!!
What made you invest in this company?
somebody knows something. Why else would these big buys come in like this???
wonder if it's the same entity or person as last friday??
that's great!!
Please do not speak for me. I do not share that opinion at all.
Most likely that is right.
Early Alert Small Cap Trade Opportunity for Tuesday, September 4, 2007: NLUB Adding Domestic Production and Distributors!
TheSUBWAY.com announces the following stocks to its Action List: Nitro Lube, Inc. (PINKSHEETS: NLUB), E*TRADE FINANCIAL Corporation (NASDAQ: ETFC), AtheroGenics, Inc. (NASDAQ: AGIX), Esprit Financial Group Inc. (PINKSHEETS: EFGO).
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TheSUBWAY.com's Daily Stock Updates:
TheSUBWAY.com, a leader in corporate communications and finance, highlights stocks that are in the news, have traded high volume, or experienced a large change in price in recent sessions. The aforementioned commentary is not meant to be indicative of a "long term" view of any of the companies listed. For more go to http://www.thesubway.com.
All material herein was prepared by CRG Partners, Inc. (CRGP) based upon information believed to be reliable. The information contained herein is not guaranteed by CRGP to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRGP is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.thesubway.com or mentioned herein. CRGP has been compensated by third party shareholders with shares or with cash from the company on behalf of one or more of the companies mentioned in this opinion. CRGP has been compensated thirty million shares for NLUB. CRGP has also purchased four million shares in the open market. CRGP intends to sell its shares. CRGP has sold approximately zero NLUB shares to date. CRGP may sell its shares for less than the target price given in this opinion. In addition to any compensation mentioned above, additional compensation can be equal to ten percent of any newly issued or registered securities of the profiled companies. CRGP and its web site are operated under a license from Capital Research Group, Inc., TheSUBWAY.com Inc. and One Source Solutions Inc. (Licensors) and CRGP is not the agent of any of the Licensors and CRGP is solely responsible for all statements made herein. CRGP's affiliates, officers, directors and employees intend to buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. CRGP will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
Joe Farrar
President
CRG Partners, Inc.
973-332-1366
www.TheSUBWAY.com
Source: Market Wire (September 4, 2007 - 8:06 AM EST)
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It was decided that the cost associated with that is about the same as uplisting to the BB. The company is in the midst of deciding to stay on pinks or go the the BB-per town hall.
Agreed. Be patient and all will be fine.
what's the volume so far?
good point. I agree. No one crazy enough is going to sink that kind of $$$ in this without knowing something.