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kraken

01/03/08 12:30 PM

#87406 RE: ratso1 #87404

The fact is that Good Life does not seem like a struggling company. In fact...it seems they have a proven track record and if growth continues... and they expand into neighboring provinces...i see exponential growth. If you add EFGO assets in the mix such as ATM sales and service fees plus their backnet that could be some great revenues. Add to that offering micro loans. Also...one should not discount the effect of Frankfurt traders jumping on board. But most importantly...with a population as large as China has...if even a small portion of Chinese investors jump on board... with only 100 million shares the float could be effectively sucked up in short order. Imagine, 800 or 1000 (or more)shareholders of record instead of 400. Looks ok from my house.
GO EFGO GO!!!
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silentscope

01/03/08 1:25 PM

#87422 RE: ratso1 #87404

Yes, all this is possible. My numbers are based on current information, and yes, it is limited. I have confidence in new management. That is why I'm holding strong. You're numbers are strickly specualtive and based on a world of possibilities. It only makes for good discourse. They may be typical and based on real world experience, but certainly offer me no impetus to sell. My excercise was not futile, but rather a very accurate attempt to see what our position is as the current information stands. Of course, time will tell if these number go up or down. I made no attempt to pretty them up or dumb them down.

The 30% that you mention of the new share treasury that they could take for themselves would not be dilution when based on my numbers. And if I were them, I would take more. Your other numbers, who knows? (Which I understand is your point! and as I stated, all very possible.) But i believe this company is very savy and don't intend to just give themselves away.

For the company to expand, additional financing may be required. They certainly want to access capital markets, and have stated these intentions (otherwise they wouldn't be here). But keep in mind, an American dollar goes a lot further in China. Therefore, I honestly don't see an over abundance of dilution occuring. And yes, I can put a valuation on this stock with current information. I have to, otherwise I would never buy and may even be even tempted to sell.

I consider myself fortunate, I bought at .0002 and yes, I haven't been here as long as some others. Perhaps, I should've waited for post adjustment to buy, who knows. But as a long term investment, I feel very confortable. Apparently, this china company has been around for a while, and it appears they've done very well without us (based on my limited information). I certanly think they can continue to do just as well in the future.

Truely, I have no new information to offer. I can shed no light on a reg D offering, a 505, or a convertible. I can only say that I have seen these financial structures do wonders for a company, and that I have also seen these structures drive a stock into the ground. A convertible can certain over dilute a stock that is already on its way down.

Typically, and in my real world experience, for a company with no tangible assets or with debt far in excess of their assets, these vehicles are last ditch attemps to save a company from demise. But for growing companies, they can do wonders! Which type of company do we have here, I'm affraid I don't have enough information (again, your point and it's true) But I'm willing to speculate here and now that we have the latter.

Definatly my last post. Again GLTYA