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Been a long time coming, hopefully EFGO gets some proper valuation going forward, and they keep the printing press off for a while...
The buying stalled, I don't think we have taken out any MM's at .0009 yet.
Is it suppose to hit other news wire services? or just the pinksheets.com service? Did they not talk about this in one of the e-mails?
EFGO News about to cross wires... huge bank deal.
http://www.pinksheets.com/pdfservlet?id=10742
Q1 they were in the black, finished selling 504 shares that are restricted. Chart is way oversold... Volume is rushing in!
What a horrible day for excitement, I am sitting in my office at school trying to study this horrible horrible calculus for my final tomorrow I have to pass.
Or, If I do not pass, this thing needs to hit $1, so I can be a millionaire, unless some of you want to donate some $$$ to me for a nice tax break!
trade of 933300 @ .0005 @ 16:37
With all the 7's going through this morning, this has to be a shake attempt. It doesn't make sense otherwise.
OT: All the fast money is trying to get in on AURC to ride the buyout run. Nice stock, I bought it at .06 about 2 years ago rode it to .40 and down it goes to the .10 again... impressive. Hopefully we can get some influx from that money...I guess online buys are being restricted.
down .10 today, what a mess man... They had some potential too. That is the game we play.
EFGO showed a profit yesturday, they just need to get their shares in order. I think they will in time. Also rumor of a R/M taking place soon to go to OTC BB.
OT Thanks!! They almost hired me for the summer, but needed someone they can hire full time within a year. I am just starting my junior year this fall, so I just have to wait a bit.
Had any good plays that made up for the ADNL fiasco? what a mess that was...
OT: I have been pretty good, makin some $$ again here.
Job is good, I will be an analyst for a small institutional investment advisor specializing in small cap equities this fall... I am super excited!
Hey Nettles How have you been?
following the Wings this season? Nice 5-0 shut out last night in anaheim!
I have been here since about then. There was a lot of stuff going on with the former CEO lots of trips that never got followed up, they had less potential and were not near as transparent.
valid point, I am still at work so I calculated the monthly accrual not quarterly... silly me. Also they said these numbers do not include Cash now australia, perhaps they got some cash injection form this. You are probably right to "worry" I am just trying some different answers, as we are unsure.
sans the possibility of fraud their financials look relatively decent, Like I have said, I expect expenses to be much smaller once there are no more acquisitions, start-up websites, and the majority of promotion/advertising is done and we have a decent client base.
I wonder if the accrural of wages in stock is included in the 27k of salary wages and benefits, the stock is just armotized and included as the value when issued. I believe the stock was issued and set aside as compensation.
due to timing issues, consolidated financial statements do not include earnings from cash now australia, but they will be included as adjustments next quarter (note 1)
a few things I noticed after d/l financials from the town hall.
cost of sales is 22% of total sales... very nice.
Also expenses need to be minimized, though it is impressive they covered all costs with revenue. I did notice a lot of the expenses were associated with items that may not be needed again (web development, lots of legal and accounting probably for acquisitions) One thing I would like to know, what is Promotion and entertainment... All in all I imagine that these expenses will be greatly reduced by years end.
will post more when I finish other statements.
Dont think that effects profit and doesnt show on income statement, see equity statement and cashflow statement...
Weird, they must be mixing with other orders. I thought things seems a little oddly slow...
there is a 500k print @ .0007
for how much? last .0006 trade was 10 minutes ago.
We just have to get passed everyones buy/sell orders at 6, at least a few printed on the 7's
Cool, thanks. I am not quite on the up and up with foreign markets...
that is interesting if that is true, if they were using U.S. traded shares, the foreign bank would need to hold there shares, there should have been significant buying by the foreign German bank. They must hold our shares then issue a derivitave off of that... Therefore the price in Germany will be tied to actions of the company, since the amount of shares held by the bank remain in the bank, it isnt really a matter of supply and demand since it is tecnhically a seperate issue. Do we know for certain we have ADR status, is there an equivalent in Germany since I doubt they use an AMERICAN depository receipt... lol
Lots of action in the L2 today... some uncertainty I think.
ooooh .004, I thought 3 or 4 meant dollars... haha
EFGO board is most read board on Ihub, by almost double (check the Hot! section)
Also we have a .0006 print for 3 mill shares.
There is the .0006 UT
Most read board this morning by a loooooongshot!
Please not that reg D of SEC rule 504 does state private placement of restricted shares. The e-mail does add up with regulation.
IMO if they play this right, it only hurts traders. Not investors... Dilution or financing as it should be called isnt the silver bullet it is made to be. If it causes revenue and growth, considering the high profit margins we should see enough profit to buy back shares... I Hope.
all you have to do is decide whether you are trading or investing in the Co.
317 boardmarks new record! Hopefully we get a bit of a bounce, and then some good news to sustain it.
15th is tuesday :)
I know I work at scottrade :) but thanks for posting that.
He is right by default, he was right before he even started posting. Hind sight is 20/20... Let me tune into a sporting event halfway through and start pointing out which team is losing and say they have a poor chance of coming from behind to win.
He has no credability in my book...
This is not only scottrade policy, but SEC regulation. It is in all the brokerage agreements you signed when you opened your accounts.
However limit orders do show in the specialist books for every stock, so seeing a line-up for a large amount of shares at higher prices does send a message to market makers. They have to ability to ignore them, but they do notice it. At scottrade a broker must place a limit that is well above the market price however.
thanks, I'm at work, the big board is slidding so I am busy and multi-tasking ;)
in the interview winters said due to their structure, their margins are large, and the low burn rate will cause revenues to increase with profit increasing as well.
I too enjoyed the interview, and agree with all he said. I also want to point out he said "in the most conservative notion, we will be a 100 times bigger company and quite different than originally thought when it was founded". Not to mention he hardly spoke of jack chans doings, it was very broad, I think it is going to be quite a journey from here!
EFGO NEWS!!!! CEO Interview!!!! Big things happening here, all buys this morning, chart is ripe!
EFGO Esprit Financial Group Inc. Announces Engagement of Audiostocks.com
Tuesday May 8, 6:00 am ET
LAS VEGAS, NV, May 8 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (Esprit) (Pink Sheets: EFGO - News) today announced the engagement of Audiostocks.com, an internet-based publishing platform designed to create, catalogue, distribute and make functional, fact-based corporate business news and financial content. Esprit Financial Group's Audiostocks.com corporate webpage will be published at http://www.audiostocks.com within the next couple of days.
To its growing community of small cap and micro-cap investors, AudioStocks disseminates news, corporate profiles, interviews and links to source materials as a means to facilitate and streamline the cumbersome task of performing due diligence on publicly-traded companies. Additionally, the AudioStocks platform assists companies in garnering the attention of the diverse audience of current and potential investors, vendors, and institutions.
AudioStocks does not duplicate traditional broadcast efforts (which increasingly yield slower results with poor - or worse yet, unverifiable - metrics). Rather, via results-oriented narrowcasting techniques, AudioStocks delivers quantified, high-quality outcomes and helps fortify traditional marketing communications efforts.
"We are excited to announce our partnership with Audiostocks.com. With the recent launch of our Forex Trading division, Advanced Electronic Funds division and the upcoming launch of the Structured Debt Resolution division, we feel that it is appropriate to create broader awareness of Esprit's activities. There are many small and micro-cap investors for whom Esprit is not on the radar screen. Certainly there are a lot of potential investors who are not aware of our significant achievements in diversifying our portfolio of Internet enabled financial services in recent months. Audiostocks.com has an extensive audience of investors which it reaches via its website and permission based emails. We are confident that they can get the message out regarding our the underlying value in our Company," stated Garr Winters, CEO of Esprit Financial Group Inc.
"We are pleased to feature Esprit Financial Group Inc," stated Luis Leung, Director of AudioStocks. "Their family of Financial Services provides a unique blend of products for its target market, while simultaneously facilitating that service by means of quality network systems, allowing clients access to those services via Internet. This makes them a natural company of interest to our listeners that regularly seek and research small, internet-based companies."
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public company engaged in a diversified number of online financial services.
PayDay Loans: The Company is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. Operations include licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market, under the Cash Now banner www.cashnow.org. The Company also operates www.cashnow.net, which generates leads of consumers looking for payday loans on behalf of our licensees. The company's proven business model comprises operations in the U.S. and Canadian markets as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
Forex: Additionally, the Company's Forex Trading division offers an innovative low-cost online Forex trading service at www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious day traders. All transactions are handled on a streaming pass-through basis. There is no trading desk, and no manipulation of quotes that lag the actual interbank market. Importantly, traders can continue to trade actively even during volatile periods that result from major news events of publishing of market reports.
Advanced Electronic Funds Management: The Company's Advanced Electronic Funds Management (AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduce holdback periods by banking institutions, particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capable of managing multiple bank accounts, remitting funds worldwide and provide banking capabilities to consumers without requiring that they have a bank account.
Structured Debt Settlement: This division will offer services that allow banks, financial institutions and other creditors to invite defaulted clients to negotiate a settlement online, in a neutral and non-confrontational manner, bypassing traditional collection calls and mail delivered notices of default.
About AudioStocks.com
AudioStocks.com is an Internet-based publishing platform designed to create, catalogue, distribute and make functional, financial content and data related to that content. AudioStocks.com solutions generate rich media exposure for public and private companies, industry groups and investment professionals through the AudioStocks.com proprietary software platform. AudioStocks.com software is primarily used to: (1) facilitate executive and company participation in industry and event-based roundtables and conferences; (2) create and distribute audio-based content related to a particular private or public company or an industry in which a company conducts business; (3) append interview-related and other rich media content to traditional press releases; and (4) for registered investment professionals only, to add interview-based audio content to financial research. AudioStocks.com content is distributed to millions of individuals online and over 30,000 financial professionals, including North American and international buy-side analysts, investment research professionals and portfolio managers. All content is copyrighted to protect licensing partners.
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
Huge buys coming in early.
OT: Anyone in "The Industry" know anyone that works for Susquehanna International Group, LLP, they are a trading and market making firm. Thanks guys.