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Thursday, December 06, 2007 8:47:18 PM
From T/H 12-3
Additionally, if the uplisting proceeds as desired, EFGO will becomes a shell company, and can also be sold to third parties.
It is the intention of EFGO management to use the proceeds from these asset dispositions to buy back shares of EFGO and retire them to treasury.
From T/H 12-6
Esprit shareholders will participate directly in the growth of Good Life, and their existing share of EFGO will not change. In other words, in addition to your current share holdings, you will receive additional stock in the new Good Life fully reporting Pink Sheet Company.
How does this work
You will continue to hold your stock in EFGO without any changes resulting from the acquisition of Esprit’s assets by the fully reporting Pink Sheet Company.In addition, there will be a distribution of shares in the new fully reporting Pink Sheet Company in proportion to your current holdings. As the share structure of the new Company will be different than Esprit’s, these shares will be issued as a percentage of your current holdings in Esprit.
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