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Just for the record,I'm not bashing, just trying to make sense of everything that is being said, from garrs statements to the conversations that are going on here. My main question to anyone who has an answer to this is, are we going to become just a shell or are we going to get a new ticker symbol where shorts will have to cover. I think that is a legitamite question seeing how that was posted on town hall. Please help , thankyou
Ok, can anyone please clarify this, this is not speculation this is written on the town hall. It says that efgo will become a shell but then it says we will have a ticker change and if there is a short position people will have to cover before the ticker change. Unless I missed something once you change your ticker you are no longer efgo, just like when efgo changed from chnw to efgo, chnw does not exist it is now efgo. So are we changeing our name and ticker or are we going to become a shell. I'm long on this stock and have been since chnw, but I'm just gettting a little confused with the recent pr's. firerat if your out there can you give me a hand at understanding what garr said on town hall thankyou
Ok, now I'm a little out of my league. I have never been through this before with a stock. So how do you play this.So let's get this straight I keep my 11 million of efgo, I get x amount of shares of goof life, efgo keeps tradeing, at what price, on the pinksheets? With what assets, it sounds like good life will get most of the assets. I'm a little confused, I thought it was just going to be a reverse merger and we would end up with shares of the new company. Also if we keep tradeing as efgo what do we have for assets to keep us at a decent share price, right now with everything we are only at .0003, what will stop us from going back to 0001. I'm just trying to understand what everyone is talking about and saying on the board, if anyone could shed some light on this it would be appreciated. Thankyou and good luck to all
Does that mean we keep tradeing on the pinksheets as efgo?
How can anyone call it diluteing when they issue all of the shares up to the a/s. When you invested in this you new what the a/s was and what the o/s was. So this being a pinksheet stock what would make you think that they would not issue all of there shares to raise money to get there product going. If they do a r/s then I will be upset,but they keep saying that there will be no r/s, they said that they would have a product and they do, as long as they don't do anything studpid like a r/s,hopefully they can get something going with there product. Now if they raised the a/s and continued to sell shares, then I would say they were diluteing, and I don't think they have done that here, if they have then I stand corrected. JMO GLTA
yes , thankyou I out smarted myself again.
The term is Latin and translates to "without partiality." For example, a secondary issue of shares that carry equal rights with existing shares are said to "rank pari passu." I guess it does not indicate the amount of shares, it just states that the shares will be equal in value to what we have now. Thankyou
Yes, and unless I'am wrong, I believe that is what pari passu means.
Sounds to me like we will be able to keep our existing share count when this goes through, and they are going to buy back shares and retire them. That will be unbelievable if it happens that way.
Pari passu is a Latin phrase that means "hand-in-hand" or "at the same time", and by extension also "fairly", "without partiality", commonly used as a Law jargon.
In finance this term refers to two or more loans, bonds or series of preferred stock having equal rights of payment, i.e., having the same level of seniority. For asset management firms, the term denotes an equal allotment of trades to strategically identical funds or managed accounts.
This term is also often used in bankruptcy proceedings where creditors are said to be paid 'pari passu', or each creditor is paid pro rata in accordance with the amount of his claim. Here its meaning is 'equally and without preference'.
Thankyou for your dd. This sounds like it could be very good for glbt. Only two days left till the 5th, I'm starting to get anxious.Oh the anticipation is almost to much to take. Thanks again for the DD. GLTU
That is exactly what I would like to try to do myself. It does not matter how many shares you have. The only thing that matters is if you can make a profit and stay in the game. I could be wrong, I have eight stocks right now that say I'am wrong, but I believe we will make a nice profit on this stock,once we get by everyone who just wants to flip to make a quick buck. This just seems to good to flip right now. I would rather stay in till the end , I've waited about a year now, I can wait a little longer. Thankyou and good luck to you and all here.
Let's hope we start the week off right, only a few hrs to go now.
Let's hope that day rock's the house.
I have read just about every post here today, and even the one thing that nobody can dispute, is that we all feel that the pps is going up from here. And that good things are coming our way. Even the people who are semi bashing own shares and can' deny that we are going higher. glta
even better,either way this week should be interesting. Gltu
I doubt it would be that high, I have no proof, but I doubt it. You could be right, I will be around to find out, will you?
Even at .001 and .002, yes that would be a nice profit for me at 10 million shares, but I still feel that the potential is way more. I'm not pumping at all I have been here for awhile now, and I just feel that with everything they have this can be so much more, and again I'm not saying I won't sell some shares but there is no way that I will give up the bulk of my shares unless it goes up to the point where it's a few hundred grand ,( hey I can dream right)
Let's see ,3 days till Dec,5th. Let's hope we get some action here. GLTA
Why would anyone sell now. This is the real deal this is a real company with 1600 stores and 3 distribution centers. I have 10 million shares nothing compared to some people, but let's look at the facts, first off Garr did what he said he was going to do and delivered,so there is no reason not to believe him when he said that we would be rewared in the short term, going from .0001 to .0004 is not a reward in my opinion. Maybe .005-.01 would be more like it. Will that happen I don't know.
I want to make a killing on this thing to but I also think that this, in time is going to be a real stock tradeing on a real exchange( not pinky land). It may go through a r/s but even at that, if it is not that big, maybe a 1 for 100 that would still leave us with a good amount of shares and the price per share would be higher. Also with the expected growth of this company ( 20,000 stores in 5 years we could be in the dollar range in a few years JMO) but like all good things it takes time.
So why would anyone settle for a small gain when we are really on the brink of a company that has real potential, it makes no sense at all. Just for the record if we get up around .01 I would sell some shares maybe a million or so, but there is no way that I'am going to sell the whole lot it would be crazy at this point, I have waited to long for this to happen and the potential is to great to give it all away at such a low pps, This is a real company with real assets, real stores, real customers,real distribution centers, real revenue's, and most important this is a real merger, not just we have entered into talks and they are only talking to us, oh no, this deal is going to be done by December 31, 2007. My point out of this whole long winded post is , anyone who sells at these levels is a fool, JMO, I may eat my words in the end but no matter It is still my opinion. GLTA
Myself,I try to read as many posts as I can and weed out what I don't feel is even close to being real, all you can do, is do as much DD as you can and hope that these pink sheet companies and ceo's do what is right. Only time will tell what can happen with spooz, If everything comes together there is no telling how high the price could go, hopefully they will have enough cash to do what they need to do without diluteing. Gltu
I don't know if that is a picture of your child but me and my wife just got a big kick out of it , thankyou and come on spooz. Glta
It's not bleeding, if we were at 0001 we would be bleeding, We have been hanging tough at these levels for awhile once they come out with some good prs we will head north.
Nice post, good reading. I just hope that they decide to cancel the shares instead of doing the other thing.
Buying pressure is right 1,206,875,135 shares traded. With up volume of 210,890,624 neutral volume 832,480,009 and down volume 163,504,502. average trade size over 2,000,000 Thats alot of trading. Will be interesting to see what we do tommorow, no doubt that the .0001s are in the review mirror with a nice uptrend in the horizon.
Thankyu for your reply, that sounds resonable. Guess we just have to wait and enjoy the ride. All of the longs here deserve it. Glta
Thanks, at least this looks like the real deal.
I guess nobody has tried any of the beer.
I hope not, I like the idea of having millions of shares and this going to a buck. Well its nice to dream, right.
Does anyone know what happens to the shares you own when a company does a reverse merger like this. The merged companies will undergo a name change, including a new ticker symbol and CUSIP number prior to December 31,2007. Just wondering if share structure usually stays the same with our shares staying the same. Thankyou anyone with any insight on this would make me feel alot better, I've been holding for a while and would hate to get screwed now, things are looking up and I would like it to stay that way. Thankyu
You can add me to the list, but what will happen to my ten million shares with the reverse merger. will i still have ten million shares with the new company, they did say we are going to get a new ticker symbol and cusip number. I'm just wondering what will happen to everyones shares. One thing that is nice is that if there are any shorts they will definately have to cover now. Thankyou
All I can say, is firerat, thankyou and you were right. This sounds like it is going to be very important to this companies success and longevity.The news of them getting together with Good Life China sounds to good to be true. I'm not going to get to excited until they make a pr across the wire. Then it will be boom there will be no way that this thing can stay down here. If it does I will find the nearest bridge and, and, well I won't jump but. This could be it, good luck to everyone who stayed here and dealt with all of the bashing and bad news. Thankyou
Thankyou for your reply. If that is true then there will be no reason to do a r/s. Which is great for us. Glta
Cali, thankyou for your insight and advice. One thing that I forget is that the market is ahead of itself.
I have noticed with glbt and the other pinks that I own, the volume is down from what it usually is. Seems very quiet on alot of fronts. Hopefully as Dec.5 gets near volume picks up for the pinks. Thankyou
Hey Cali, I have question for you that maybe a bit off topic and if you have to delete it I understand. Here it goes. You seem like you have been trading for quite some time and I was wondering what you think the next big thing is going to be, we had the dot com boom, we had the oil boom, and we had the housing boom all within in the last ten years, well whats left, or is it all going to fall apart. If oil goes any higher thats it for the u.s. economy,housing is a bust and dropping, and the dot com era is gone, what will be the next big thing. Maybe it will be alternative energy, I don't know just was wondering what you thought. Sorry for the off topic. Thankyou
Anyone here, why are we going backwards. Hopefully we get an update on how the drilling is going soon.
Can someone please tell me whats up with this stock?
Does anyone know how much cash the company has on hand and what the burn rate is. If we can make it to the launch date this will probably make a nice run. I hope they don't do anything that would hurt share holders. Thankyou
Has anyone tried the christmas ale or any of the beer that we sell. I would like to try some, just wondering if anyone else has. Thankyou
Yes, it helps, and it is very smart doing it like that, and I hope everyone here will do similar things when selling. Thankyou for your honesty.