The Golden Lounge

[Mike2112]

May quick try at it..please edit as you see fit...

EFGI sold shares today (most believe for the company) though the ex date is not until Monday. They did an RS (6.5m to 1) a few days ago and have an FS of 3m to 1 with an EX date on 5/23. So in essance those who bought today will get 3m shares for everyone they had. The TA confirmed the RS had taken place (but not the FS) and stated that after there were 3 shareholders in total..A call to the company and they stated the FS was done but it wasn't (hence we know it was them selling). The 3 total shareholders is untrue as evidenced today. They then had a merger PR today that they were intending to sell the FS shares into but jumped the gun so now they will have to deliver all the shares for what was bought today (conservatively around 25,000 shares (times 3million on Monday) since about 90% of the transactions were buys at the ask).