161 shareholders estimated to be holding 5.110 billion shares that believe in EFGO going forward.
Around 240 shareholders unaccounted for.
In other words the float in my opinion looks to be dried up and most likely underwater.
All shares will have to be accounted for before the merger is completed by the transfer agent. In other words the MMs and brokerage firms need to make sure all the shares match up exactly to the DTC counts that the transfer agent will match up.
Strong hands going forward will help to take this stock to much higher levels as the volume should drop significantly with most holding. Wont take much volume to break through resistance levels with most of the float staying on the sidelines waiting for EFGO to close the current deals on the table.
Its all about patience now and not letting the MMs and Shorts use our shares against us. At these basement prices the downside is 1 or 2 ticks at the most and the upside is infinite.
The value of the deals currently announced with Goodlife and Camden are not reflected in the share price at all in my opinion and once they do become valued where they should be tremendous upside. Looking for a 5-10 bagger in the next few weeks to few months myself. Hopefully EFGO will take care of business and take us there.
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