Saturday, May 19, 2007 10:23:22 AM
If I remember correctly we are in the black per last filing. Wait till the next filing. We are in a Global Economy and that is a fact. China is surpassing everyone and the USA relationship with China is good. We need China and they need the USA. As stated in a PR the 2008 Olympics are coming. Also in a PR it stated that EFGO and http://www.iexpay.cn/footer/contactUs.jsp would share a equal share of 50% on the profits made. Well if we own the China PayPal Company it is 100% not 50%.
Case closed EFGO managemnt has a Plan and I say next week will be positive news.
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Man, people are just ruthless when the price does not go up every day. Esprit got it going on....more so than most public companies....and way more than any pink. They are expanding their presence internationally at an incredible rate. The PR put out by Garr several months agao stated the A/S was increased for acquisitions. Duh! And they are doing just that. Gee, even if the 11 bil a/s was fulling in the O/S, what is would be their market cap? Today, it would be under $6mil. Cheap Cheap Cheap!!!!
Other than IR being overly zealous, nothing that Esprit has done in the past 6 months has been for not. In fact, recent news reflects results of efforts that began in 2006....if you bother to track historic PRs and other events.
This potential M&A with a China company acting the same as an early stage PayPal....with tons of banking connections/partnerships already established, is a coup du jour. This is the best and easiest way to get a foothold in China. To do it otherwise would require huge amount of business and government payoffs based on my understanding of the current corruption. Think about it? A pinky company that is about to own a Chinese PayPal with Olympic 2008 synergy (don't even get me started with Forex)!
Why are people only looking at the present cost instead of the huge upside down the road? Some of the negativity is amazing. Truly amatuerism in the investment world being presented by some of these posters.
People - if you want to trade something....there are thousands of other plays out there. That is how I make my daily paycheck. However, if you want a +1000x payback for a 1-2year hold, then buy and forget about it for awhile.
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