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uwlungman

01/05/08 7:25 PM

#87981 RE: busytrader #87931

busytrader. We are also told that we get to keep...
our EFGO shares. That's what makes this a simple stock dividend. We are receiving a stock dividend of one share Good Life (new company) for every 1,000 shares of EFGO that we own. From my understanding, our EFGO holding has not been changed at this point. We may get a reverse split later when EFGO is converted to Monarc but we haven't been told that yet. I am not trying to mislead anyone. I just saying that the Good Life transaction is nothing more than a simple stock dividend where we receive 1 share in Good Life for every 1,000 shares of EFGO that we own. There is no r/s involved at the formation of Good Life. A possible r/s may come later but we really don't know at this point.
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WillyBoyXXX

01/07/08 12:54 AM

#88111 RE: busytrader #87931

busytrader - your problem is you seem to think this "misinterpretation" you refer to, regarding the 1:1000 RS of EFGO's OS, is an honest misunderstanding of what is, as you point out, pretty darn clear.

In fact, there is nothing 'honest' about the confusion that has been bubbling over the past couple days. It is, on the contrary, the last gasp effort of those scrambling to exchange their worthless bag of EFGO with the next fool in line - and there is always another in line.