BB's Stock Haven

[R-money]

EFGO response on dilution from their town hall section of website:
QUESTION:

This stock is constantly manipulated by profit takers. When do you feel the stock will settle, and assure investors that there will not be a 500 to 1 reversal?

RESPONSE:

To be frank, we are mystified. We have made some very significant announcements regarding new business development and agreements with strategic partners.We have completed the 504 capital raise. There is nothing to speak of in terms of additional dilution. We have, in fact, been buying some stock back when the prices get silly – but we intend to use our capital primarily to fund operational costs related to the new divisions ramping up operations. All we can say is that there are investors willing to sell at deep discount prices. We do not control the price per share, and there are no academic requirements to trade stock. That’s why pump and dump schemes are successful. There is a herd mentality that defies logic. Somehow we don’t think our long term investors are interested in that kind of activity.

Our best advice is to tell your friends and associates about EFGO. The more smart investors we have behind the stock, the better. Sometimes it takes a bit of time to sort things out in the market.

In the meantime, we are committed to maintaining transparency to as high a standard as possible without divulging trade secrets or other information that might jeopardize our competitive position in our product/service sectors.


Also News! http://www.guardiannewsngr.com/sunday_magazine/article17


http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2007%5C05%5C31....