Adar7, unfortunately, I think you are right. The only thing up their sleeve is illegitimacy.
I think the only flash in the pan they have left is a possible deal in China concearning fund transfers and quicker settling times. Hence, the purchase of the illusive Check 21 China.
It all was making a little sense until I asked myself what the name Check 21 China meant. Check 21 is a policy passed in USA legislature, it has nothing to do with China or any other country than America. Now, if Check 21 China was actually a US based company I might understand. But, apparently it is a sister company of IEXPay, which is actually Canadian. Besides, when our couterparts in Germany watching their level II quotes on the Frankfurt exchange saw that Check 21 China PR, they probably had no idea what Check 21 was, unless they were up to speed on American banking. It is as if they just put two hot buzz words in the financial system, Check 21 + China, to get us American investors all buy buy buy happy.
Yes, I know it is just a name, but at this point, its all we know about Check 21 China. If EFGO ownes that entity know, I don't see how a PR explaining what it is could hurt any deals in China.
To add to it all, breeze posted that article about the new policy in China for better fund trasfers and settlement times. So now I am guessing they have their own system to use in their own banks. So what service is EFGO going to provide that China can't provide for themselves?
So with all they have said they had up their sleeve, what you posted is all I see left. I know it doesn't make you feel any better about your investment, but thanks for the honesty. Now, EFGO put those For Sale signs up on whatever remaining shells you own so the PPS can have one last moment of glory and your investors can get some money back.
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