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Saturday, January 05, 2008 11:34:18 AM
The company said-
["In order to complete these aforementioned transactions, together with the previously announced pending transactions the Company is undergoing a recapitalization process. The first step will see the Company issuing 1 share of Esprit for every 1,000 shares currently outstanding. This will be done by having the Company's Transfer Agent cancel all share certificates currently outstanding, and reissuing new share certificates to provide assurance that the public float accurately reflects the true share position."]
About Esprit Financial Group Inc.
Ok, see where the company says-["The first step will see the Company issuing 1 share of Esprit for every 1,000 shares currently outstanding. This will be done by having the Company's Transfer Agent cancel all share certificates currently outstanding, and reissuing new share certificates to provide assurance that the public float accurately reflects the true share position."]
The part where it says-"the Company's Transfer Agent will cancel all share certificates currently outstanding means current EFGO shares will be canceled. They are attempting to do this so the socalled shorts will get burned. The new share structure will then be recapitalized to total 1 for every 1000 shares that were outstanding. That clearly means a 1/1000 R/S! This is not hard to understand at all. Please stop trying to confuse everyone.
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