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Excellent post and well written I must say. I do hope you share the answer.
garde, have you given up so soon?
LOL. That's funny. I don't necessarily agree with it, but it was good for a laugh. Thanks
The fact that Chang is gone shows me they don't want corruption involved in the business. It takes time to grow a business. It has been stated repeatedly that this is not a quick flip stock.
If you believe the stock is dead then why not move on to something else? You've made it clear you don't have much or any faith in management and you believe they have either mislead or stole from the stockholders.
Thanks for the update! That sounds good. I have figured for a while that it would be later in the year before we start to see some concrete results. I'm willing to wait.
Alright Dolphy, I've got your word marked.
But they have been clear about Chang and told everyone openly about the chance they gave him to fork over the deals on their behalf. If those deals are gone we know why. Things change, people are scammers. But they have been open about that. IMO
The biggest difference to me here is that this company is not PR'ing bogus deals whereas SLJB was. SLJB was colonizing the moon.
I can sympathize with you there on SLJB.
I'm grateful the company keeps us informed by some method. To date, I can't find an outright lie from the company since Garr took over. Are you able to? PR's from now on are for meat and not fluff. IMO
That is not what I'm saying. I'm saying that they didn't lie. They are weighing the options to see which course of action is best. As far as a timeframe goes, I can't answer to that.
They didn't lie. Did you not see the followup in town hall about the possible new course of action? It is just or almost as stringent to qualify for documented status on the pink sheets as it would be to uplist to the OTCBB. This is a change in course of action based on cost vs. reward, not a lie. Good try.
I would love to see actual "proof" at this point where the company has outright lied.
I must honestly say that I personally feel much better about my investment with tonights town hall update and IR responses than I have in a while. Good luck to us all.
what is the incentive for management to r/s now or the near future?
NEW TOWN HALL:
8.24.07Share Buy BackPosted in Investor Relations at 9:19 pm by Chris
QUESTION:
Is EFGO going to use the money on hand to buy back shares?
RESPONSE:
This question has arisen repeatedly. No, the Company is not planning any additional share buyback. We are preserving cash in order to invest in our developing operations. We want liquid capital available, particularly for the Chinese market, to be able to capitalize on new business deals with a minimum of delay should they present themselves.
Permalink Comments
AEFM Division StatusPosted in Investor Relations at 8:56 pm by Andrew Edwards
QUESTION:
From old PRs there were 2 agreements/deals made. Union Bank of Nigeria and
the cruise line. Everyone knows that Chang was working or had a part in
both. We need to know if these are still a go. The company hasn’t said two
words in relation to Chang except the vague reply in Town Hall. This is
totally unacceptable that the company preaches transparency and yet leaves
all of its investors in the dark concerning ongoing operations.
Which of the above deals are still a go?
Why haven’t we been informed which projects have been eliminated due to
Chang’s being let go?
Who is running the electronic funds management division?
Yes some investors complained that the company was issuing too many PRs of
ongoing operations and not just signed contracts, however, the company has
taken this complaint and now using it as a mechanism to buy time whereby it
can go on a fishing expedition hoping to land some other contract while using
the excuse “everything has to be approved by our attorneys” line. You and I
both know that it total horseshit. There were many company events and still
are that are noteworthy of a PR and of interest to shareholders that can be
released without the attorneys review.
Bottom line: The company is quickly losing face with numerous investors and
what was once a stronghold in that the company was transparent and never
failed to meet a deadline is fading to a thing of the past.
RESPONSE:
We cannot act irresponsibly and make statements that could have legal repercussions. These questions are valid, and will be answered in full.We are having a ‘gathering of the clan’ next week. Everyone will be back in town and meeting to catch up on all the developments.We will be updating Town Hall with info on China, Forex and our other projects. There will also probably be news issued from Global-Vision as well. Chang, Union Bank etc. will also be reviewed and updated.What we can say at the moment is that Chang is no longer associated with the Company. We are evaluating the merit of the deals he reportedly negotiated on our behalf.
Robert Xu, Garr Winters and other members of the management team have stepped in to manage the AEFM division. We are particularly pleased with the contributions being made by Robert Xu, some of which cannot yet be announced.
As we have previously committed to publicly, we will be as transparent as possible. If we have not made disclosures on certain items, there are reasons that override this policy.
We will update these issues as soon as we can. Some can be covered next week, others will take a bit longer.
Overall, we are staying the course and corporate strategy as previously outlined. The main exception is putting the Structured Debt Resolution division, which we have announced is on hold.
nah, just a few days.
as long as they follow thru with the responses and answer the questions this week, then I'm fine with that. I understand in the world of business everything can't be done at the snap of my fingers.
absolutely
My email and response from Irwin today:
Can you confirm that EFGO is not diluting and also maybe a
general timeframe when shareholders might see some signed deals PR'd
or
any possible buyback PR'd (i. e. 6 weeks or 6 months etc...). Still
no reverse split?
Thanks
ANSWER
We will be posting responses to most of these questions on Town Hall this week. We are not ready to issue PRs at this point. I can confirm there is a lot on the go. We have to respect confidentiality of clients and strategic partners until things are pretty much locked down.
Regards,
Irwin
What would it mean if esprit owned minaco-tradex and not just the domain name in anyones opinion?
Why don't you call and get an update for everyone
416-619-0397 or the cell at 954-376-8622
Someone needed CASH NOW so they could grab a candy bar with the cool .60 they just raked in.
Oh ok, that makes me feel a little better.
GoVols,
Have you had any trouble communicating with IR? I sent an email on the 14th and they responded in a few hours. I sent a more difficult email asking about diluting again (which was either ignored or missed somehow in the first response), any possible buyback, general timeframe on signed deals, and confirming no reverse split. I have sent this email 3 times now with no response. Normally I get an email that tells me they will contact me within 72 hours. No such email this time. What are your thoughts or anyone else for that matter. I'm fixing to call soon.
Exactly. All this needs is time.
For what it's worth, here is an email response I received from IR on the same day financials were released. Nothing earth shattering here:
As you are probably well aware by now, we have issued our 2nd quarter results today, with what we feel are some very good numbers.
You are correct in pointing out that the number of press releases has dreceased markedly. There are 2 reasons for this.
First, we are in the 'sweating the details' phase of some of our projects as we get ready to ramp up operations,
Second, we have had some negative experiences when we disclosed information regarding our negotations with third parties, and many of our shareholders contacted these third parties independantly to conduct 'due diligence'. This resulting deluge of questions has sometimes interfered with our ongoing discussions.
I hope this answers your questions.
Best regards,
Irwin
There will be somewhat fewer press releases as a result, but this does not mean that there is less happening.
I love it! It produces patience which so many of us are in great need of. I can wait a long long time if need be.
That'll be fine although I might have to wait in line and all since business is boomin' ;)
Lets see now....hmmmm.....oh could it be your friend and mine Mr. Gary Rennie????
Do I win a prize? Maybe a Sulja keychain?? LOL
Sally, I've been around here a long, long time well back in the early days of LFWK which is seemingly well before you were here or Airys/Scorpio's board for that matter. Too long in fact. I've been optomistic and hopeful that this is just a big misunderstanding and that things will just somehow work out. I along with many others here took the big hit last November and have held since then. I suppose tomorrow we quite possibly will find some factual info for sure and I fear my investment will be worth nothing at that point. My last post was a joke that I scrounged up from the deep corners of my memory to the admirable days of chiphldr and all that he had to offer us sheep. I apologize to those who might have taken offense to it as it might bring up some bitter memories.
chiphldr's new multi million dollar house in florida is where I would look. LOL
didn't they say a 2 or 3 week delay in becoming pink certified or am I mistaken. If so then it shouldn't be long, right?
way to go Dolphy. Nice grab.
Thanks Garde
can anyone tell me if IR's number is in the U.S. or Canada??
can anyone tell me why alinxxl was banned?
I have over 23 million now and will hold until this thing explodes. It's just a matter of time. By the way, Wachovia is the 4th largest bank in the nation for anyone who is interested.
Picked up over another million shares. I locked and loaded now.