From town hall:
QUESTION:
I’ve contacted you before, a couple of weeks ago I believe and with the release of news, all is well. I am wondering where this report that is supposed to address many of our questions is supposed to be coming out. The share price is dropping on what seems to be good news, day after day. What could possibly be happening? With the 504d released, there couldn’t possibly be dilution, could there?
Thanks in advance for your time,
QUESTION:
Any idea what’s with the selloff today even after the big news? Is the
company giving out more shares in part of some other deal?
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.
