Agreed. Even tough Esprit chose Check21 over IEXPAY, we still will benefit from them joining with Global. I like that. Sort of, having your cake and eating it too.
15% is a very nice interest rate I might add.
Now throw in one of the OTCBB shells we own, and the rest of this year looks more and more interesting IMO.
Besides, we don't know half of what is going on behind the scenes here.
"I think the news was very good. We are getting a 15% return on our monetary investment AND we are getting anywhere from 23% to 40% return on IEXPay. This deal just increased our position in the Chinese market two-fold without having to use stock for a complete acquisition which was the original plan when EFGO discussed purchasing IEXpay for themselves. How is this a losing situation for us? Together, Global and Esprit are going to be forces to be reckoned with in the financial community and Esprit will enjoy the monetary gains from BOTH endeavors. I think we need to look at the big picture. Myself, I think the symbiotic relationship between global and esprit was a very smart move."
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