No. As far as management is concerned, EFGO as an entity has become value-less.
Remember that EFGO owns other shells. According to the fins, we purchased Harbour I and Harbour II from Hugo. They could have just as easily RM'ed GoodLife into one of those shells that has a full complement of available shares. GoodLife becomes a subsidiary, or they could have done a GVHL-type deal, and GoodLife becomes a sister company. Had they done that, this would be an outstanding investment opportunity for the commoner. But no--they didn't do that.
The reason is that EFGO is used up sharewise. Unless they raised the AS, there are no more available shares to dilute with, and no private company would be attracted to it. Of course, the investing public would not support yet another raising of the AS. So, what is there left to do?
Your and my shares HAVE to "go away" relative to the AS in this process. It is most certainly coming.
Now, if you want to argue the point that this is a great opportunity regardless of the share structure, and that your shares will be worth more after the RM/RS than now, that might be true depending on what management does with those newly printed shares.
The problem is that you will still have the same folks involved that issued roughly 10,000,000,000 shares in about 9 months without a single accretive-to-the-bottom-line acquisition. History speaks loudly here. That is the problem with a RS at this level: it is done to "reload" the share printing press.
And I repeat, if it were such a wonderful situation, in the past months leading up to this event, insiders would have been accumulating shares by the billions. Why didn't they?
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