LOL! Thanks. You are right on, but I try not to compare EFGO personalities to those on other boards because the intra-board dramas usually end badly. Particularly when 1 poster really seems to have the ear of management. I have never seen a thread where that did not lead to disaster.
Here's some positives and negatives for me:
1. Positive--lots of action, lots of irons in the fire. If only 1/4 of them work out, we will make some dough. (As I look at this post, I realize my negatives outnumber my positives, but that's only because I get much more specific with my negatives. All the deals--China, Africa, Forex, Cruise ships, payday loans, etc. etc. etc. are lumped together under "lots of irons in the fire")
Negative--management is all over the board. There is an optimum rate of growth and companies that bite off more than they can chew often end up overextended and fall apart.
Conclusion: it might BE best if only 1/4 of them work out. We do well as shareholders and the company becomes more manageable.
2. Positive--Winters and Chang look like real managers, with resumes, experience and histories of success. They freely admit the problems with CHNW before they came aboard. By pinky standards, they have done a great job of keeping their promises.
Negatives--they don't seem to understand just how low on the totem pole pink sheets is in the investor world. Most traders work on the assumption that all companies are scams. They may have been too easy about abandoning the uplisting to the OTCBB. They may be too aggressive about PRing business trips, LOI's, plans, intentions, etc. Many PR's is a sign of a pump & dump.
Negative--11 billion A/S and 8 billion O/S. A great many traders won't touch a company with that many shares out. Runs are tough to manufacture. In this case, a huge number of low-priced shares has allowed a number of traders to amass 9-figure share counts. Any one of these traders can stall a run or tank the stock just by getting bored or hitting their sell price (and where every tick = $10,000+ dollars, you can bail at a fairly low price and make a fortune).
Negative--the pinkies are full of companies touting big contracts with obscure characters in shady places. They're usually lies so when EFGO PRs an Agreement in Principle with an unnamed partner in China or some other part fo the world with a shaky legal system, most pinky players yawn and don't buy.
Result--in the long run, NONE of these negatives matter. Either EFGO performs or it doesn't and performance will be the judge. The market will properly value EFGO...eventually. All of these factors, however, will make the transition from undervalued to properly valued harder.
3. Positive--EFGO showed a profit last quarter and in about a month should release 2nd Q financials showing growing profits. It has a growing asset base including a rumored 6 shell companies and a large interest in Global Vision).
Negative--there is no downside to this. GO EFGO!!
If and when we see results of some of these foreign deals, this company should become much more popular with investors and traders quickly.