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Stockholders’ Equity (Deficit)
The authorized capital stock of the Company as of June 30, 2007 consists of 400,000,000 shares of authorized capital stock, which have been divided into 50,000,000 shares of Preferred Stock, par value $.001 per share, of which no shares of Preferred Stock are issued and outstanding, and 350,000,000 shares of Common Stock, par value $.001 per share, of which 77,549,138 shares are issued and outstanding.
On May 1, 2007, the Company agreed to issue 727,644 shares valued at $0.50 a share for debt settlement of $363,822 to Ludwig Holdings Limited
On May 1, 2007, the Company agreed to issue 116,560 shares valued at $0.50 a share for debt settlement of $58,280 to Tyee Capital Consultants Inc.
On May 1, 2007, the Company agreed to issue 45,026 shares valued at $0.50 a share for debt settlement of $22,513 to Vince Carnovale.
On May 16, 2007, the Company completed a 3 for 1 forward split of its issued and outstanding shares of capital.
On June 30, 2007, the Company issued 49,631,448 shares of Common Stock to the former owners of Trustcash.
On June 30, 2007, the Company completed a private placement raising $500,000 consisting of 500,000 shares of the Company’s stock offered at a purchase price of $1.00 per share.
6. Warrants
The Company issued to Brennecke Partners, LLC a warrant entitling the holder to purchase 6,000,000 shares of the Company’s common stock at an exercise price of $.08333 per share until June 30, 2008. As of June 30, 2007, Brennecke Partners did not exercise these warrants and the warrants were not vested.
On August 17, 2007 further to a disagreement on the terms contemplated in the issuance of the warrants, Brennecke Partners LLC consented to and the company agreed to cancel the warrants.
7. Leases
The Company leases its office facilities under the terms of an operating lease that expired in February 2007 and continues month to month which can be terminated by either party with notice as prescribed in the agreement. The agreement requires minimum rent of $3,475 per month and additional charges for administrative costs.
Rent expense for the three month periods ended June 30, 2007 and 2006, amounted to $13,900 and $9,000, respectively. Rent expense for the six month periods ended June 30, 2007 and 2006, amounted to $24,025 and $13,682, respectively.
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5381676
Ha Ha Your Kidding
HEY POIUY & TAX,
What's your take on these two ( Braden & Soud )?...Jimi.
Great EFGO News
This all coincides with the POW Session we had on Thursday with the info from Allinxx.
No matter what anyone here thinks this PR states a course EFGO is on.
China IMO is Huge and it is why many of us are here.
How many negatives posts will we see about this statement from the PR?
"Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com announced today that its CEO, Garr Winters, will be returning to China next week for high-level negotiations on several business projects.
Mr. Winters stated: "We have negotiations scheduled on a couple of deals related to our IFGX division. Our China consultant Robert Xu has advised us that we are close to achieving agreements in principal to with two specific companies seeking access to public markets."
************************************************************
Esprit Financial Group Inc. (Esprit) (EFGO.PK) CEO Heads Back to China
via COMTEX
October 5, 2007
LAS VEGAS, Oct 05, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com announced today that its CEO, Garr Winters, will be returning to China next week for high-level negotiations on several business projects.
Mr. Winters stated: "We have negotiations scheduled on a couple of deals related to our IFGX division. Our China consultant Robert Xu has advised us that we are close to achieving agreements in principal to with two specific companies seeking access to public markets.
Our local legal counsel has recommended a strategy that can significantly shorten the typical time-frame required to achieve our clients' objectives of accessing public markets outside of China. These two projects will hopefully validate this approach, and we will then be in a position to green light a number of similar projects in the pipeline."
About Esprit Financial Group Inc.
GVHL and EFGO
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Provides $250,000 Mezzanine Financing to Global Vision Holdings, Inc (GVHL)
LAS VEGAS, NV, July 5 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce it has provided $250,000 in funding to Global Vision, which is to assist in finalizing the acquisition of International Express Payment (IEXPay).
The funding is in the form of subordinated debt, and carries an annual interest rate of 15%, payable twice a year beginning Dec 31st, 2007. Debt repayments begin March 31st, 2009 at the rate of $50,000 per quarter in 5 instalments.
Additionally, stock warrants have been granted, under the following terms:
- The lesser of $100,000 worth of stock, the face value of the debt
still outstanding, or 5% of the outstanding stock as of December 31st
each year at a strike price based on the average price per share
traded in the previous 90 days.
- The stock warrants can only be exercised once in a calendar year,
beginning June 30th, 2009.
Esprit CEO Garr Winters announced, 'This is a win-win for both companies. As previously disclosed, Esprit has maintained a 23% interest, in GVHL we maintain the upside opportunity to benefit from the long-term potential we see in GVHL and IEXPay while limiting our financial obligations and exposure. The result is that Esprit keeps both deals in friendly and cooperative hands.'
Winters added, 'We had hoped to develop synergies between the two companies to develop complementary financial services within the incredibly attractive Chinese market. We have now made arrangements to share resources such as the costs of travel, China-based operations, and some daily operations. We saw this as a natural fit that Esprit provide this interim funding to accelerate the growth of both companies.'
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
Source: PR Newswire (July 5, 2007 - 7:00 AM EST)
News by QuoteMedia
www.quotemedia.com
GVHL and EFGO
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Provides $250,000 Mezzanine Financing to Global Vision Holdings, Inc (GVHL)
LAS VEGAS, NV, July 5 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce it has provided $250,000 in funding to Global Vision, which is to assist in finalizing the acquisition of International Express Payment (IEXPay).
The funding is in the form of subordinated debt, and carries an annual interest rate of 15%, payable twice a year beginning Dec 31st, 2007. Debt repayments begin March 31st, 2009 at the rate of $50,000 per quarter in 5 instalments.
Additionally, stock warrants have been granted, under the following terms:
- The lesser of $100,000 worth of stock, the face value of the debt
still outstanding, or 5% of the outstanding stock as of December 31st
each year at a strike price based on the average price per share
traded in the previous 90 days.
- The stock warrants can only be exercised once in a calendar year,
beginning June 30th, 2009.
Esprit CEO Garr Winters announced, 'This is a win-win for both companies. As previously disclosed, Esprit has maintained a 23% interest, in GVHL we maintain the upside opportunity to benefit from the long-term potential we see in GVHL and IEXPay while limiting our financial obligations and exposure. The result is that Esprit keeps both deals in friendly and cooperative hands.'
Winters added, 'We had hoped to develop synergies between the two companies to develop complementary financial services within the incredibly attractive Chinese market. We have now made arrangements to share resources such as the costs of travel, China-based operations, and some daily operations. We saw this as a natural fit that Esprit provide this interim funding to accelerate the growth of both companies.'
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
Source: PR Newswire (July 5, 2007 - 7:00 AM EST)
News by QuoteMedia
www.quotemedia.com
**********************************************************
about 23.67 % of global......
Press Release
Release date: March 20, 2007
Global Vision Launches New Generation of Solutions at Interphex NY
Montreal, Quebec. April 24-26, 2007 -- Global Vision, the leader in automated proofreading solutions for the pharmaceutical industry will be demonstrating its new generation of solutions at Interphex New York from April 24-26th, 2007. Located at booth 3237, Global Vision will be giving live demonstrations on how to prevent copy and artwork related errors on medical packaging and critical documents.
The latest versions of Digital-Page and Docu-Proof will be unveiled at Interphex NY. "Our solutions are designed to eliminate the risk of errors and give you peace of mind during your proofreading process. At Interphex NY, we'll be demonstrating how our technologies can secure the accuracy of your printed packaging materials," says Reuben Malz, President of Global Vision.
Docu-Proof automatically compares files for textual differences and is well suited for the inspection of contracts, publications, artwork, inserts, and manuscripts. The software compares files in like and unlike formats, which allows you to verify inserts or other types of artwork to unformatted text files.
Digital-Page compares both graphical and textual elements between files of various image formats. Detailed accountability is attainable with its extensive reporting feature that documents all changes, thereby decreasing the chances of errors. Digital-Page can detect differences such as color differences, font changes, location changes and dropped or added text.
With the recent European mandate for Braille on medical cartons, Global Vision has also integrated Braille inspection capabilities into all its solutions. All systems meet FDA 21 CFR Part 11 and EMEA requirements.
All solutions will be available for demonstrations at booth #3237 during Interphex NY from April 24-26th, 2007. For more information, visit www.globalvisioninc.com or contact info@globalvisioninc.com.
About Global Vision
Global Vision provides automated proofreading solutions that enable organizations to achieve unprecedented content integrity. Companies from around world rely on Global Vision to help them reduce the risk of textual or artwork errors from occurring throughout their workflow. Headquartered in Montreal, Canada, Global Vision has worldwide representation.
Global Vision led the migration from manual proofreading to automation - gaining an unmatched reputation for vision and technology along the way. For over a decade, Global Vision has helped clients increase inspection accuracy, speed, productivity, and process efficiencies. More information is available at www.globalvisioninc.com
EFGO and NSS
IMO this is happenig with EFGO we hold 60% of the float per BigDogs last count.
104 Ihubbers holding 3.560 billion shares. This accounts for approximately 60 percent of the float.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23437637
Senator Bennett discusses NSShttp://www.senate.gov/~bennett/press/record.cfm?id=279519
Forbes Naked Short Article, read this
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22652725
Prime Broker’s Defense; The SEC Made Us Do It - July 24, 2007
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22652874
There is a loophole in the system where MMs can short stocks
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22541041
Bigdogs can you explain illegal shares are trading
Do you have a link that explains this?
MMs desperate for shares as they are drying up fast. Double prints can only go on so long with the MMs exchanging shares back and forth to each other.
At some point the shares will have to be accountable.
As we get close to Ihubbers owning around 80 percent I will be pressing EFGO hard to see if there is anyway we can get our shares certified and have EFGO use the evidence as proof that the float is gone. NO different then a cert recall except its a public position recall with proof of ownership without taking your shares out of the market.
No doubt in my mind that the float is gone and illegal shares are trading with the counts backing up the reality of it all.
Time will tell but if this is ever proven then all ???? will break loose with corruption at all levels.
Everything was positive last night
And everything with EFGO is lining up, proof with links were posted here last night by Allinxx. If you read the EFGO PR's and TownHall you may see what is happening at EFGO.
A lot of posters here have done so, obviously you have not.
***************************************************************
No doom and gloom in any of my posts. Just a little suspicion maybe. Im looking for something real in what was posted last night. Again I see a TON of potential but nothing as BIG as I thought we were going to see
Another honest poster Statey
thats what I am about can you say the same? By the way the last post was directed to roltide not you.
Your friend can answer for himself?
************************************************************
herbaife joined in Jan 2007.
Another?
Allinxxl posted all positives
Last night with Links to prove his finds.
Yet the same posters and a couple more now have joined the negative Doom and Gloom campaign against EFGO.
Posted by: herbalife13
In reply to: None
Date:10/4/2007 9:20:37 PM
Post #of 68550
HUGO RUBIO Director EMERALD CAPITAL GROUP, CORP.
HUGO RUBIO President EMERALD CAPITAL GROUP, CORP.
HUGO RUBIO Treasurer EMERALD CAPITAL GROUP, CORP.
HUGO RUBIO Secretary ESPRIT FINANCIAL GROUP INC
HUGO RUBIO Treasurer ESPRIT FINANCIAL GROUP INC
HUGO RUBIO Director MAGNA BIOPHARMA, INC.
HUGO RUBIO President MAGNA BIOPHARMA, INC.
HUGO RUBIO Treasurer MAGNA BIOPHARMA, INC.
HUGO RUBIO Director CASH NOW NETWORX INC
HUGO RUBIO Director ADVANCED FOREX MARKETS BY CASH NOW
HUGO RUBIO Treasurer ADVANCED FOREX MARKETS BY CASH NOW
HUGO RUBIO Secretary RENU USA BIOCHEM INC
HUGO RUBIO Director HARBOUR TWO CORP.
HUGO RUBIO President HARBOUR TWO CORP.
HUGO RUBIO Secretary HARBOUR TWO CORP.
HUGO RUBIO Treasurer HARBOUR TWO CORP.
HUGO RUBIO Director HARBOUR ONE CORP.
HUGO RUBIO President HARBOUR ONE CORP.
HUGO RUBIO Secretary HARBOUR ONE CORP.
HUGO RUBIO Treasurer HARBOUR ONE CORP.
HUGO I RUBIO President ESPRIT FINANCIAL GROUP INC
1
roltide1 joined Sept 27, 2007
Another?
http://investorshub.advfn.com/boards/profile.asp?User=110256
Spin Offs
The way shells are sold is the (the buyer) pays so much in cash ($50,000 to $ 300,000) and vends in his company and the side that sold the shell retains a % of the stock in the new company.
Assets building for EFGO
HUGO RUBIO Director EMERALD CAPITAL GROUP, CORP.
HUGO RUBIO President EMERALD CAPITAL GROUP, CORP.
HUGO RUBIO Treasurer EMERALD CAPITAL GROUP, CORP.
HUGO RUBIO Secretary ESPRIT FINANCIAL GROUP INC
HUGO RUBIO Treasurer ESPRIT FINANCIAL GROUP INC
HUGO RUBIO Director MAGNA BIOPHARMA, INC.
HUGO RUBIO President MAGNA BIOPHARMA, INC.
HUGO RUBIO Treasurer MAGNA BIOPHARMA, INC.
HUGO RUBIO Director CASH NOW NETWORX INC
HUGO RUBIO Director ADVANCED FOREX MARKETS BY CASH NOW
HUGO RUBIO Treasurer ADVANCED FOREX MARKETS BY CASH NOW
HUGO RUBIO Secretary RENU USA BIOCHEM INC
HUGO RUBIO Director HARBOUR TWO CORP.
HUGO RUBIO President HARBOUR TWO CORP.
HUGO RUBIO Secretary HARBOUR TWO CORP.
HUGO RUBIO Treasurer HARBOUR TWO CORP.
HUGO RUBIO Director HARBOUR ONE CORP.
HUGO RUBIO President HARBOUR ONE CORP.
HUGO RUBIO Secretary HARBOUR ONE CORP.
HUGO RUBIO Treasurer HARBOUR ONE CORP.
HUGO I RUBIO President ESPRIT FINANCIAL GROUP INC
Allinxxl Thanks
Appreciated
Currently Emerald is exploring the possibility of an acquisition of a China salt mine operations with substantial revenue and operations through its consultant firm.
SEC FILINGS:
During that time period as aforementioned we also filed with the SEC to become a reporting issuer.
http://www.sec.gov/search/search.htm (search for Multimod)
Our last filing with the SEC was on October 26, 2005
http://www.otcbb.com/
We also applied for and obtained a trading symbol “MMOD”.
The “fully reporting issuer status” became cost prohibitive for the company. The company abandoned the fully reporting issuer status and by default was listed on the Gray market.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=mmod
In August 2007 the company retained the consulting services of IFGX and began it’s quest to obtain a listing on the Frankfurt Germany exchange. In September 2007 Emerald filed the prospectus in Germany and obtained the dual listing on the Frankfurt Exchange. In addition, Emerald also retained IFGX consulting services for other matters relating to it’s FrankfurtGermany launch.
Emerald is currently exploring the possibility of obtaining a dual listing on the OTCBB and bringing it’s filings to date to be a fully reporting issuer again. It is the managements understanding that the MMOD symbol will be decommissioned after a new symbol is obtained.
Share Structure:
Authorized 250,000,000
Outstanding 62,740,000
Float 25,400,000
Beneficial Ownership (greater then 5%)
Roytor & Co
IFGX
Hugo Rubio
Consulting Firm
IFGX
Europe:
Suite #10
First Floor
Central Chambers The Broadway
Ealing London
W52N6
UK, Europe
Tel.: ++44 (0) 207 851 4577
Canada:
157 Adelaide Street West
Suite #710
TorontoOntario
M5H 4E7
Canada
Toll Free:1-888-224-9641
Local Line:1-416-915-7565
Corporate Milestones
October 2007 Company secures a position in Termawood
September 2006 Company obtains listing on the Frankfurt Exchange
August, 2007 name change from Multimod Investments Inc to Emerald Capital Group Inc.
November 2006 Emerald obtains interest Tango Café.
May 2006 Company obtains interest in Bayern Industries.
December 2005 Company obtains interest in Argentinean Olive Producing Subsidiary
September 2005 Company obtains interest in Organic Farming.
THE FUTURE
Currently Emerald is exploring the possibility of an acquisition of a China salt mine operations with substantial revenue and operations through its consultant firm.
HUGO RUBIO Director EMERALD CAPITAL GROUP, CORP.
HUGO RUBIO President EMERALD CAPITAL GROUP, CORP.
HUGO RUBIO Treasurer EMERALD CAPITAL GROUP, CORP.
HUGO RUBIO Secretary ESPRIT FINANCIAL GROUP INC
HUGO RUBIO Treasurer ESPRIT FINANCIAL GROUP INC
HUGO RUBIO Director MAGNA BIOPHARMA, INC.
HUGO RUBIO President MAGNA BIOPHARMA, INC.
HUGO RUBIO Treasurer MAGNA BIOPHARMA, INC.
HUGO RUBIO Director CASH NOW NETWORX INC
HUGO RUBIO Director ADVANCED FOREX MARKETS BY CASH NOW
HUGO RUBIO Treasurer ADVANCED FOREX MARKETS BY CASH NOW
HUGO RUBIO Secretary RENU USA BIOCHEM INC
HUGO RUBIO Director HARBOUR TWO CORP.
HUGO RUBIO President HARBOUR TWO CORP.
HUGO RUBIO Secretary HARBOUR TWO CORP.
HUGO RUBIO Treasurer HARBOUR TWO CORP.
HUGO RUBIO Director HARBOUR ONE CORP.
HUGO RUBIO President HARBOUR ONE CORP.
HUGO RUBIO Secretary HARBOUR ONE CORP.
HUGO RUBIO Treasurer HARBOUR ONE CORP.
HUGO I RUBIO President ESPRIT FINANCIAL GROUP INC
1
President, Secretarey and treasurer of EFGO
Hugo Rubio
21 Shells
28million in uncovered assets means
we should be at .003 right now without a PE Ratio
Ha Ha Ha
Yeah right
*******************************************************
I swear on my life I AM NOT!!
Hello all
EFGoVols nice update at TownHall
I like it.
***********************************************************
Town Hall Update;
PLEASE ADDRESS ALL OF THESE QUESTIONS AND CONCERNS–IT IS CRITICAL
Is this latest town hall posting the way that Garr intends to get his $$$ while
the shareholders get left holding the bag?? Now it appears Garr has all the
voting rights while the common shareholders have no say? Is this the case?
No, this is not accurate at all. The original intent of the retricted stock he was to receive was based on the concept that his shares would increase in value once he retired from the Company at the end of December. However, this only works if he leaves the Company and is no longer an insider. If he continues to be classified an insider, he can only sell a fraction of his stock at a time, which essentially means he has gone without salary for a year, and can’t sell the stock he received ion lieu of cash. Yes… we are spilling the beans. He may not immediately ride off into the sunset on Dec. 31st. He will comment on this in his President’s messageg - probably published next week.He has not yet received any preferred stock.
He is only going to receive a portion of the preferred stock issued to Minaco-Tradex based on achieving business milestones, and that is nowhere near most or all of it. We think this shows an incredible amount of good faith on the part of Mr. Winters and Minaco-Tradex.
It now shows that Garr isn’t getting paid based on performance as was stated all along. Garr now has a blank check and the shareholders have a very reasonable
potential to be screwed over.
There is no blank check. In fact, this means his common stock will not hit the market in January. The amount and value of his stock he will recieve is still very much tied to performance, and comes out of prefered shares already issued. We fail to understand how this puts shareholders at a disadvantage
The fact that Minaco is transferring ownership to Garr shows there is no deal where if EFGO pays the loan then they get there shares back as indicated before. Was the credit line ever even used??
Minaco is not transferring ownership of Esprit. The line of credit has not yet been drawn down on. There is no ‘palace coup’ in the works. In fact, this is a very public demonstration of Minaco’s good faith in Esprit. They are interested in participating in business opportunities with Esprit and have no desire to manage or run the Company. All parties want to ensure the Company has the financial resources needed to take full advantage of the current deals in the pipeline, many of which are not yet ready to be announced. The same covenants apply to the entire class of preferreds, and the parties are proceeding on a good faith basis to encourage Mr. Winters’ continued involvement in the Company beyond the year-end.
Why is Minaco giving up the only assurance for the payback of the loan? Remember that is why the shares were created in the first place. Can you answer that one?????
Minaco is not giving away all their shares to Garr. He will receive a portion of their holding, and Minaco is showing good faith based on the continued forward progress the Company is achieving.
What is the motive or true intentions here?? Looks like something shady for the shareholders to me. Is the plan to reverse common shares and increase preferred??
We trust that the explanations above satisfy your deisre to understand the ‘true intentions’ of this action. This does not affect our position regarding a reverse split (no reverse split unless required as part of a major business development), and there is no intention to issue additional preferreds for the foreseeable future.
Please, I’m not trying to sound rude or mean but I am now deeply
deeply concerned and will be furious is something underhanded is being done. I,
as a legitimate shareholder just want honest answers and not to be screwed over.
Hopefully, you are now reassured regarding all of your concerns. Thank you for voicing your questions, and giving us the opportunity to carify these actions to all of our shareholders.
highwayman32 Yep
You have been here as long as I have, I like the direction I am seeing in the Company.
Don't forget Garr stated one year is what he needed to achieve what he wants to.
Garr became CEO Jan 2007.
Almost there,EFGO is in the black, in China on the
EFGO Nite Train on the trail to $$$$$$$$.
************************************************************
Posted by: highwayman32
In reply to: RJ Trotts who wrote msg# 90 Date:8/29/2006 3:21:18 PM
Post #of 67980
Well, as long as you are here, did you take a look?
I think it's much "less" risky than the other play :)
When you get a chance, take a look at their website.
Unless it get's dilluted to death (sound familiar) I think it has a good shot at pps appreciation
LMAO........little bit of truth in that post......HUH?
notice the date...........
I Have been here 10 months and
can tell you BigDogs has also been here as he states. From the CHNW Days.
***************************************************************
Been in this stock since January so going on around 9 months.
Also this is not a pump. Its logical that the more shares the board owns and the less flipping and daytrading and the more time for the company to come through the more everyone benefits including yourself.
Guess you dont understand that and dont appreciate what others do to help others benefit.
Good Posts breezin, BigDogs and EVols
Assets,Contracts, Revenues, equals exposure and SP increase
**********************************************************
Posted by: breezin_nyc
In reply to: Bigdogs who wrote msg# 67866
Date:10/3/2007 11:42:30 PM
Post #of 67933
I think you nailed it.
If there can be the combination of Minaco, EFGO and the China company then this stock gets really interesting as there will be some Big money with all the assets combined that could totally take this to another level share price wise.
I agree that a combination makes sense.
1. Minaco-Tradex - with Esprit's help - is sounding more and more like a boutique investment bank instead of purely a merchant bank.
Town Hall: "Esprit’s diversification into other financial services has attracted our attention. We have been in discussions with Esprit regarding growth opportunities in China. In addition, and of greater interest to our core business, are the opportunities within Esprit’s IFGX business portal, and the need for merchant banking services to assist a number of private companies identified by Esprit seeking to go public in North America or Europe.
2. Garr & Co. have undoubtedly opened Minaco's eyes as to the enormous possibilities and huge demand for Chinese companies to go public.
Forbes, 2006: "... total market cap of all Chinese stocks (including those traded in Hong Kong) today is only 35% of GDP, far from the international average of 85%."
The Economist, Sep 2007: "... only a small proportion of Chinese companies are listed on the stock exchange and those that are rely mainly on internal finance. Only 10% of total financing for investment this year has come from equities."
3. Chinese company sees this as perfect timing with the right foreign partners.
(Last Sat.) 2007-09-29: China Investment Corporation (CIC), the country's $200 billion sovereign wealth fund, formally started operation today as policymakers seek to diversify its $1.41 trillion worth foreign exchange reserves. It said it will focus its overseas investments mainly on portfolio of financial products.
Aug 15, 2007: No more limitations on retaining profits.
BEIJING - China on Monday scrapped rules requiring companies to convert part of their current-account foreign exchange holdings into yuan.
Previously companies were allowed to retain foreign exchanges that were equivalent to 80% of their revenues in the previous year, plus 50% of their expenditures. The rest had to be sold to the state under the mandatory foreign exchange settlement regime.
The new rules, effective immediately, will help companies use and manage their foreign exchanges better ... The move will ease pressure on the country's foreign exchange reserves, which continue to pile up ... The new rules may make it easier for some companies to invest overseas.
This could get interesting (understatement).
All IMO / GLTA
I Am Confident with my Holdings
IN The PDR Exchage
***********************************************************
Once the exchnage is up and money starts flowing in and out of the exchange this is a whole new story. I beleive we will se this very soon.
brian The EFGO Nite Train is ready and
You have the Engineer seat, all aboard for the $$$$$$$ trail.
refreshments and pillows are extra. WHY?
LOL
****************************************************************
and to your other point, there are those of us who have asked the direct questions (and been on the phone over an hour each time) and have gotten the direct answer. i have made the $.10 per minute phone calls to ir in canada and china on my cell and home phone and i have asked the questions that i have had, and even ones the board has had. have you? i have every email i have ever sent in and recieved.
if anyone who is complaining cannot say the same thing, then please by all means take your questions right to efgo. even if anyone posts the answer, it wouldnt be correct. call the ir department, call management. thats what their there for.
if not, then sit back and enjoy the ride. refreshments and pillows are extra.
Captskip Good Job and
Get it ONNNNNNNNNNN
Captskip Got a few more
at .0002 The EFGO Nite Train ready for departure!
***********************************************************
Right, load that night train with SCANNERS to CHINA!!!
lol.
GLTUA!!
ALL IMO
96 shareholders holding 3.369 billion shares
NICE! Lets Rock! The Nite Train is ready for destination $$$$$$
Update
96 shareholders holding 3.369 billion shares. Thats 55 percent of the current float which is around 6 billion from last estimate. The key is to hold most shares for several months to reduce the volatility in the stock and to give EFGO the time needed to complete contracts. Less shares traded when News hits the easier it will be to move to higher levels and the harder it will be for shorts to cover with minimal selling. Common sense
Thanks for the counts and good luck to all.
CEO's Message on Company Operations
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Releases CEO's Message on Company Operations
LAS VEGAS, July 25 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com announced today that it will publish a business update from CEO Garr Winters at 9:30 AM today. The full text will be available on the Company's popular Town Hall forum. The message can be reviewed at: http://cashnow.com/espritfinancialgroup/
Winters provides a perspective on major developments regarding the Company's recent merger and acquisition activity, as well as a high level perspective on Esprit's strategy moving forward for its four operating divisions.
Highlights include aggressive initiatives in developing advanced financial services in the Chinese market, the Company's unfolding strategy and progress being made by its Forex trading division, as well as ongoing operations of its core PayDay loan licensing division.
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
Source: PR Newswire (July 25, 2007 - 8:30 AM EST)
News by QuoteMedia
2nd Quarter Financial Statements
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Releases 2nd Quarter Financial Statements
LAS VEGAS, NV, Aug. 14 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce that it has released its second quarter financial results. Revenues for the period increased to over $300,000, while operating profit increased significantly to $110,827.00 versus $2,753 the previous period.
Total net profit surpassed the $250,000 mark.
The financial statements can be viewed on the Pink Sheets at http://www.pinksheets.com/pink/quote/quote.jsp?symbol=efgo#getFilings
Additional management discussion is available at the Company's on-line Town Hall forum, and can be viewed at http://cashnow.com/espritfinancialgroup/
About Esprit Financial Group Inc.
Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Online Structured Debt Resolution.
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
Source: PR Newswire (August 14, 2007 - 10:59 AM EST)
News by QuoteMedia
www.quotemedia.com
retained the services of a Chinese law firm
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Retains Chinese Law Firm for Upcoming Projects
LAS VEGAS, Sept. 24 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com has retained the services of a Chinese law firm with recognized expertise in a number of areas including securities, Chinese corporate law as well as Chinese and International finance.
In addition to representing China-based clients in international matters, the firm represents many companies in the U.S. and Europe working in China.
The firm has extensive knowledge of the often complex Chinese regulations with regards to international business, including securities law, joint ventures, Mergers and Acquisitions, Reverse Mergers and related services. Importantly, the specific lawyer retained works in both Chinese and English, providing a vital bridge to minimize the risk of unintentional misunderstanding arising in negotiations.
Esprit CEO Garr Winters commented: 'We feel that it is prudent to retain local counsel at this juncture. A number of projects in negotiation will require local legal expertise in regards to Chinese regulations, and to ensure deals are properly structured moving forward. These projects will be announced as appropriate as they come to fruition.'
Winters added: 'We anticipate the need for a local law firm to provide due diligence investigations, issuing legal opinion regarding Chinese law, drafting and/or examining documents involving Chinese law, submission of legal documents to relevant government departments, and looking further down the road, designing and structuring merger plans as appropriate.'
About Esprit Financial Group Inc.
Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Specialized Investment Banking and Financial Advisory Services.
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
Source: PR Newswire (September 24, 2007 - 5:00 AM EST)
News by QuoteMedia
www.quotemedia.com
garde54 about 23.67 % of global......
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Provides $250,000 Mezzanine Financing to Global Vision Holdings, Inc (GVHL)
LAS VEGAS, NV, July 5 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce it has provided $250,000 in funding to Global Vision, which is to assist in finalizing the acquisition of International Express Payment (IEXPay).
The funding is in the form of subordinated debt, and carries an annual interest rate of 15%, payable twice a year beginning Dec 31st, 2007. Debt repayments begin March 31st, 2009 at the rate of $50,000 per quarter in 5 instalments.
Additionally, stock warrants have been granted, under the following terms:
- The lesser of $100,000 worth of stock, the face value of the debt
still outstanding, or 5% of the outstanding stock as of December 31st
each year at a strike price based on the average price per share
traded in the previous 90 days.
- The stock warrants can only be exercised once in a calendar year,
beginning June 30th, 2009.
Esprit CEO Garr Winters announced, 'This is a win-win for both companies. As previously disclosed, Esprit has maintained a 23% interest, in GVHL we maintain the upside opportunity to benefit from the long-term potential we see in GVHL and IEXPay while limiting our financial obligations and exposure. The result is that Esprit keeps both deals in friendly and cooperative hands.'
Winters added, 'We had hoped to develop synergies between the two companies to develop complementary financial services within the incredibly attractive Chinese market. We have now made arrangements to share resources such as the costs of travel, China-based operations, and some daily operations. We saw this as a natural fit that Esprit provide this interim funding to accelerate the growth of both companies.'
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
Source: PR Newswire (July 5, 2007 - 7:00 AM EST)
News by QuoteMedia
www.quotemedia.com
**********************************************************
about 23.67 % of global......
Press Release
Release date: March 20, 2007
Global Vision Launches New Generation of Solutions at Interphex NY
Montreal, Quebec. April 24-26, 2007 -- Global Vision, the leader in automated proofreading solutions for the pharmaceutical industry will be demonstrating its new generation of solutions at Interphex New York from April 24-26th, 2007. Located at booth 3237, Global Vision will be giving live demonstrations on how to prevent copy and artwork related errors on medical packaging and critical documents.
The latest versions of Digital-Page and Docu-Proof will be unveiled at Interphex NY. "Our solutions are designed to eliminate the risk of errors and give you peace of mind during your proofreading process. At Interphex NY, we'll be demonstrating how our technologies can secure the accuracy of your printed packaging materials," says Reuben Malz, President of Global Vision.
Docu-Proof automatically compares files for textual differences and is well suited for the inspection of contracts, publications, artwork, inserts, and manuscripts. The software compares files in like and unlike formats, which allows you to verify inserts or other types of artwork to unformatted text files.
Digital-Page compares both graphical and textual elements between files of various image formats. Detailed accountability is attainable with its extensive reporting feature that documents all changes, thereby decreasing the chances of errors. Digital-Page can detect differences such as color differences, font changes, location changes and dropped or added text.
With the recent European mandate for Braille on medical cartons, Global Vision has also integrated Braille inspection capabilities into all its solutions. All systems meet FDA 21 CFR Part 11 and EMEA requirements.
All solutions will be available for demonstrations at booth #3237 during Interphex NY from April 24-26th, 2007. For more information, visit www.globalvisioninc.com or contact info@globalvisioninc.com.
About Global Vision
Global Vision provides automated proofreading solutions that enable organizations to achieve unprecedented content integrity. Companies from around world rely on Global Vision to help them reduce the risk of textual or artwork errors from occurring throughout their workflow. Headquartered in Montreal, Canada, Global Vision has worldwide representation.
Global Vision led the migration from manual proofreading to automation - gaining an unmatched reputation for vision and technology along the way. For over a decade, Global Vision has helped clients increase inspection accuracy, speed, productivity, and process efficiencies. More information is available at www.globalvisioninc.com
Float is disappearing
Latest update for what Ihubbers hold
89 Shareholders holding 3.3 billion shares. Thats 55 percent of the float.
Wonder what the other 310 hold of the 400 shareholders that seem to have positions. (Float looks to be drying up on the sell side with most holding).
Its common sense that the less shares being flipped and holding to give the company the time to close the deals on the table will help everyone involved going forward as the price starts to breakout and has less resistance on the way up except the shorts who need our shares to cover with.
Let me know if anyone has added
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I Feel Good, not James Brown but
The EFGO Freight Night Train, all aboard for the ride of a lifetime.
*************************************************************
This response from IR confirms some of Allinxxl's claims as they knew what I was talking about.
Hey Guys, would you specify which U.S. bank approved the China operations?////////////
No. Once we're up and running, we'll put out a press release.
What type of equipment are you shipping to China?////////////
Check 21 scanners.
I know that you haven't be specific about the number of operations(count) of the company, but would you tell me the number(count) of operations that have not yet been disclosed?/////////
Afraid not. Patience.
Hey Irwin, you never gave me your opinion on the PPS over the next year. : )//////////////
Could you ask any more difficult questions to answer. LOL.
My personal opinion on the PPS is that we'd like to get into pennies territory. However, we can't put a reasonable target on it. Some of the deals in China could change the order of magnitude of our business operations. But its not a done deal until the papers are signed and the money is in the bank.
trepid one day closer to BOOOOOOM
Posted by: trepid
In reply to: Dougtexas who wrote msg# 67401
Date:10/1/2007 6:21:22 PM
Post #of 67415
10 days is when the testing with the Chinese bank(s) is to be completed. A couple weeks is when they hope to 'seal the deal'.
The email from Irwin to Mhallb stated:
'At the least, we expect to have completed successful tests of Check 21, and be able to start rolling it out once Golden Holiday Week is over.'
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23313807
That means they expect testing to be completed next week which is what we were led to expect. So once the testing is completed maybe they plan on first having a trial period to see how the Check 21 processing goes at the bank(s) (ie. to let them see if they like it and can benefit from it), and if it goes well, hopefully a signed deal will follow a few weeks later.
That's my take on it.
Reed This is a eye catching statement
I am comfortable that we will make some significant breakthroughs in the coming months. Actions speak louder than words. I am confident that our actions in the next couple of months will dispel any negative rumours and silence the bashers once and for all”.
- Garr Winters
**************************************************************
FROM TOWN HALL, GARR RESPONDS
10.01.07Holding Our SharesPosted in Investor Relations at 9:43 pm by thamsgt
COMMENT:
As the company may already know, we (shareholders) have a good and respectable way to communicate with each other on a daily basis. Right now we are collectively trying to account for the amount of shares many of us hold on the Investor Hub. We think we can hold tight on the short selling many of us believe is going on. As you know MM’s don’t give a darn if they drive the PPS into R/S since they eventually come out on top. I would like this comment to be posted on town hall so we can further account for the shares we hold. Yes we know the numbers will not be accurate but the intention is to beat the MM’s at there own game. “BIGdogs” who’s heading this count has done this several times already, it will pay off as long as the company doesn’t screw us on this. We would like to know how Garr feels about it………..sorry IR we really need the big guy to help us out on the issue. you have my email address so please ask him if he’ll join the fight.
Thanks
RESPONSE:
“I think that shareholders who have been following our announcements and business progress will see that we have been consistently working towards our goal of becoming a diversified web-enabled financial services company. That is not to say there haven’t been some setbacks. However, these have been more than offset by new opportunities our team has been working on.Although it would be nice to be able to paper deals in a couple of weeks, the reality is that negotiations take as much time as needed to get to signatures on the bottom line. As they say, close only counts in horseshoes.I am comfortable that we will make some significant breakthroughs in the coming months. Actions speak louder than words. I am confident that our actions in the next couple of months will dispel any negative rumours and silence the bashers once and for all”.
- Garr Winters