livinginstyle thats right why bitch
And post constant negatives, complain to the source. IMO EFGO is building Assets vs liabilities and as stated many times on this board the company needed at least one year to implement its plans. If I remeber correctly this was stated when Garr became CEO which was in Jan of 2007. well Jan 2008 is almost here and Oct 15 2007 is the 3rd Quarter.
Posted by: livinginstyle
In reply to: JoeyClams who wrote msg# 64679
Date:9/15/2007 11:42:56 AM
Post #of 64690
We need to give this company some time to push forward with and achieve their business plan. They are talking like they have important business deals in the works, and I for one am fine with giving them extra time needed to accomplish their goals. The damage is already done. They have diluted our share base to nothing only to claim they are adding share holder value by increasing company worth. I knew they would use all 11 billion once they authorized them. Fine, the dilution is about done. Friday could have been dilution winding down, or shorts covering, or both. What ever it was, they wouldn't give me any at .0001 so I took em at 2.
They have claimed all along there will be no reverse split. They have recently claimed they will not raise the authorized shares above 11 billion. I'm fine with all that. But, they better mean what they say. As far as I'm concerned, to this point, they have not done anything they can be easily sued for. The 11 billion authorized shares gave the company legal rights to those shares whether they said they intended to use them or not. Going forward is another story. If they R/S or raise the authorized above 11 billion we will have grounds for legal action derived from public PR's stating the opposite. I say this based on what my brother, whom is a corporate attorney in Chicago, has told me based on the info I have given him. I also have a personal attorney who takes care of my business and he has confirmed what my brother has stated.
Both attorneys told me it would be foolish to pursue a personal suit due to modern day legal costs which could run into millions. But, a class action suit wouldn't be out of the question as long as the company has enough assets to lure the attorneys to the case. Corporate laws prevent anyone from suing individual company employees or officers. Now, if assets are insufficient to interest attorneys, there is always the chance the SEC or local authorities could pursue criminal charges based on securities fraud. We could put pressure on the SEC to investigate.
So, as for now, we are in the hands of company management whether they are good hands or not. I see so much whining and crying on this board it is just incredible. Everything negative being said on this board right now was being said by me more than 8 months ago. STRONGUS used to delete my posts like crazy. That was the time to listen and get out, not now. We are at the bottom, period! Whining won't do a damn bit of good at this point except drive potential new share holders off and possibly hurt company operations going forward. The damage is done people. If you rode it down then the blame is on you, not this company. As I have stated before, I am in this stock cause I see potential and because I decided to hold this stock for a year minimum. That's why I didn't sell on the way down. Like it or not, circumstances are what they are. You must either have faith and wait or sell and be gone. This board needs to change its attitude or be shut down.
