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On the plus side, another GLCC-type deal would be welcome. On the downside, what Chinese company would make a deal like that after watching Good Life buy shares at .70 and then watch it fall to sub-penny before rising?
And on the absurd side, what's up with this?
"The resolution for a split off agreement, and a merger with the Chinese based company was unanimously passed by MONA board of Directors 5-1, in favor."
Umm, can I borrow a dictionary, please?
I stand corrected... 1.20 was the ask. Cool. I'd be all for a higher initial PPS!
Tiger, that was on one purchase well over the ask. Figure it's .70.
That said, it's hard to make this into bad news, although if anyone can do it, it's people on this board! I'm cautiously optimistic, figuring I'll have 6K of a stock that should have buying pressure (Chinese, especially) that could easily equal the selling pressure of flippers and those who want to get out quickly.
Not all that enthusiastic about my monarc shares right now, but who knows? This was worth waiting for.
Interesting... but what about this? (from PR dated Dec. 3, when they announced the uplist to a fully reporting pinksheet):
>>In order to execute the reverse merger with Haorizi, it was necessary to set up a Special Purpose Company (SPC), as previously announced, due to the Chinese regulatory environment. The regulations related to SPCs mandates that the Company can only begin trading as a Pink Sheet company, and preclude uplisting to an OTCBB or major exchange.
If it is an uplisting to OTCBB, I wonder if there's another piece of the puzzle coming???
Patience, people!
This news from today is better than we could have hoped for. I myself had given up hope and was just ready to sell if I ever got the chance @ .0002. Now I have good reason to stay long again, and it simply doesn't matter if it runs today or not, or if the MMs try to hold the stock down. R/M coming, long-term growth, actual revenue projections for once. There are major reasons for new investors to come in and this thing will happen. Don't freak if it doesn't happen today. That helps no one.
Long and strong since January!
Bill
You can also include me. I haven't been online for a while, but I have 6 mil, my mother has 6 mil, and my brother has 660,000. So put me down as controling 12.6 million.
For what it's worth, I'm a small holder who used to post and doesn't anymore. And I still am holding on to all my shares as are my family members. I have 6 mil, and my family holds about 6.5 mil.
I was a little pissed about the Chang thing, because in reality his involvement was one of the things that got me interested. When he left and everybody started saying he didn't matter I thought that was pretty disingenuous. But whatever... I still like EFGO's potential and plan to hold well into 2008.
Allinxxl$$,
I also want to read your theory! Second request...
Thanks in advance,
Bill
bkbilly@aol.com
Alinxxl$$:
Would love to see your theory.
Thanks in advance!
bkbilly@aol.com
Yeah, something isn't right about the IR guy telling you they are selling at 7 to fund the business. Either it's incredibly unprofessional, or illegal. Not sure which.
I gotta say, I've been holding for five months and have no intention of selling but I'm very unimpressed with the last month or so for EFGO. This ATM PR is just another thing to take them away from the many revenue streams they already have and I don't think it makes them a more desireable company. I mean, how big is this staff? Do they really need to stretch themselves thinner?
I'm holding because I believe that several of their revenue streams will work and in the long run make lots of money. But all this branching out and unprofessional talk of selling shares after they said they wouldn't has me pretty pissed off.
I have no reason to believe we're taking off any time soon. The pinks are clearly manipulated by MMs and anyone who has been watching for a while who is being honest with themselves should probably feel the same way. This is a horrible stock to flip, but a pretty decent lotto pick for a long term major gain.
I'm looking forward to 2008 at this point. Maybe 2009.
IMO, anyway.
bkbilly@aol.com
thanks, GoVols!
Bill
My e-trade bid-ask is empty at 9:43, with a "last trade" showing at .001. What's up with that?
Dolphy, I know this has been tough for you and I feel your pain. You just want to get back to where you bought in. But keep in mind how much worse this could be. People get caught in scams and lose their money; you're NOT in a scam, just in a stock that's taking a while to show its true value. I 100% believe your patience will pay off.
Peace.
I agree with livinginstyle on this.
We claim this stock isn't a typical pink, but then we focus on it like we're flipping. This is so clearly a company that is building something great for the future, but for now, the price seems stuck. I feel better when I think about the long term value rather than the daily fluctuations.
Will it be exciting, the day this thing finally takes off? Absolutely! But in the grand scheme of things, now that we know Garr's projection is 18-24 months out, why do we care so much about the stock's daily movements? Unless we're looking to flip.
Maybe if we stop treating this like a pink, trying to manipulate the price by painting at the close and making small buys at bid, we'll watch the stock slowly begin to increase in value. EFGO will increase in value in a good way when we attract more long-term, NASDAQ and AMEX-type investors. I personally am not interested anymore in attracting people who will jump on and jump off.
JMO... Have a good day, fellow EFGOers!
The one thing I will say is that if there is selling @.0005, that's a little strange because no one who has held from the .0002 and .0003 days would be selling now. Why would we hold three or four months and then sell low? Doesn't make sense.
I don't know what's up, but it seems a little simplistic to say it's flippers. Unless it's flippers on crack.
Your spelling is excused because it seems you're from another country (it is protect, not portact). But please, if you want me to take you seriously in your bashing, learn how to use a comma.
>>I want to portact people, because this company is nothing, the ceo is selling shares,<<
EFGO - Just announced that it will purchase iexpay, the leading Chinese online payment system. This is Chinese paypal, bought by a pink! Flip all you want, this sucker is going to move. But if you're looking for a cheap company to own long term, this is IT.
It does sound like this company is the Chinese Paypal, and for a little background, consider that Ebay bought Paypal in a $1.3 billion stock deal in 2002.
There is INCREDIBLE room for growth with this purchase. The Chinese market is EXACTLY where a company like this would want to be. Given the bank connections already in place, there's no reason why iexpay won't have similar revenue looking into the future.
I could not care less where the price is today or whether we jump up today. If people want to get in on this investment at the bottom, welcome. If not, I have no doubt in the world that others will take their place. If not this week, then down the road a bit. In due time we're going to be very wealthy people. God Bless EFGO!
Bill
Please thank Michael for all of us. The PR today was really as impressive as he said it would be.
Of all the days for me to have made fun of the term "Shock & Awe"!
We'll at least I'll admit I was wrong. Thank you EFGO! We've been waiting for this and again I'm believing that it's just the tip of the iceberg.
Long and Strong and will never say another thing about the IR guy again!
Bill
Man, I really hope they come through! There have been so many promises about this sort of PR in my four months here, and while this is obviously a good play long term, I'm skeptical now about this term. Is "Man bites dog" their new buzz term for "Shock & Awe"? LOL.
GoVols, by the way I really appreciate all your D&D and your contact with IR. Thanks...
Bill
One comment from a disgruntled long:
If the company doesn't want us to be frustrated as shareholders, I strongly suggest they stop sending emails for people to post about "done deals" and "shock & awe" PRs. Because when the promised PR turns out to be about uplisting in the pinks, no wonder some less committed shareholders are selling. I wouldn't dare, but I'm not that surprised if our PPS is down today.
Long and strong still, but c'mon, stop with the hype machine, IR guy!
If it is true, what does it mean?
I mean, it sounds great! But what would happen? Would we exchange our shares for those of the OTCBB co.?
Anyone have experience with this? TIA
Lexis-Nexis is huge in academics and journalism. Very much a proven big company. I wasn't aware of their financial services but this is a big partnership for EFGO.
Hate to make you do more than you already have, but I'd love a look...
bkbilly@aol.com
6 million since January.
TIA!
Bill
Just wanted to say bye for now, from the board, NOT the stock. I've been watching and posting on this board for more than three months and while it's been fun, I need a break from all the daily drama. The Town Hall gives me another place to get company news.
Hope everyone stays with this great company, and maybe I'll catch you all in a few months.
Peace!
Bill
Yes, thanks for posting.
I'm going to go against the grain and say I actually miss the forward thinking PRs. I know everyone was saying they don't help, but one of the things I most liked about this company was the transparency and knowing what they were working on more frequently.
Obviously I wouldn't mind a "done deal" PR, but until one is ready I'd be happy to keep getting updates.
That's just me I guess.
Please go away... you have no idea what you're talking about.
My objection has never been with posting information on the site, so long as it is legal. I was one of the first people to sound off after yesterday's email and my problem was that the email's Michael sent seemed unprofessional.
We're all adults and can make our own decisions. But if the company is taking a temporary hit, I think they can look at the communication issues and it seems to start and end with that guy.
If this company is going to run with the big boys, they need to act like it and these emails have been the first thing that didn't seem right. If I had a company that I was trying to grow into a multi-million dollar entity, I would be really careful about how my communications were perceived by the public. That's just me, though.
Well said.
I have to agree with stocktrendsetter... This Michael, whether he is speaking for the company or himself, is not helping IMO. I thought that Town Forum idea was a good one. Instead we get these very unprofessional e-mails in which the news may or may not be disseminated beyond the moderators?
These communications Friday to today are the first things in three months of owning this stock that I'm not satisfied with. I'd love to see them get a town forum site up. If I were a new investor, these unofficial email replies would not make me want to invest.
Just my two cents. I want this company to succeed and will stick out these little blips no problem.
Chud,
are you any more clear than I am about the OTCBB comment? He seemed to be saying in one place that they are still looking at a merger with one of two companies, and then lower said we'd still be on pinksheets at the end of the year. Ideas on this?
TIA
Plenty of good things in that e-mail, and continued reason for optimism.
Was a little surprised by this, though: >>We expect to be listed on the Pink Sheets and Frankfurt exchanges by the end of this year. With all of the other business developments and demands on management time, we have put seeking an OTCBB listing on the back burner for now. We may pursue that course next year.<<
Wasn't the talk of a merger with an OTCBB company (just two days ago) about going to the higher exchange?
6 million @ avg 0.0003 for me
5 million @ avg 0.0014 for my mother
600,000 @ avg 0.0014 for my brother
all holding until 2008 at least.
If you go back and look at my posts, you'll notice I've never said anything negative about CHNW/EFGO in the three months I've been a shareholder.
That said, I don't get this buyback info. How can a buyback be "in friendly hands?" Doesn't a buyback mean the company buys stock back to take them out of the O/S? And when Michael says it can't be PRd, haven't we been expecting the buyback to be PRd for awhile now?
Confused. And for what it's worth, why is a company's IR person indignant when someone comments about his grammar in an email that reflects the company? I stood up for him last week when people were saying stuff about his grammar, but he should be aware, when he sends an email that he says can be posted to shareholders UNEDITED, that it reflects poorly on the company no matter what the reason for it is.
Anyway, Long and Strong as always. I love what this company is doing but if we're going to play with the big boys, let's show some professionalism!
I hear ya about the poor spelling and grammar. Believe me, I'm actually an editor so I get it. But with so many e-mails being written quickly these days using new technology, I'm used to seeing bad spelling and punctuation. So no, I don't think it was fake.
There's no proof and it's not a done deal, but according to an email from IR, they are working on it. Post 34465.
Check out post 34465
http://www.investorshub.com/boards/read_msg.asp?message_id=18986628
Moneynmetals posted an e-mail from IR.
That would be so crazy I can't even imagine how fast I'd be quitting my job!
>>If we are sucessul in closing these OTCBB companys the exchange of stock for 1 EFGO share for the OTCBB share will be a true schock and awe REWARD!<<
OK, so to be clear: In a merger with an OTCBB company, how would it work? It couldn't be that there would be a 1-to-1 exchange for a stock trading at $1.50, right? Some kind of r/s?
Any thoughts? Excited to read that but want to make sure I get it.