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rtaylor111

01/16/08 6:35 PM

#90265 RE: kraken #90264

I concur.
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KA12

01/16/08 6:45 PM

#90266 RE: kraken #90264

All I have to say is: WOOOOOOOOOO HOOOOOOOOOOOOO


GO EFGO.....GO GOOD LIFE
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Theoriginal7

01/16/08 6:53 PM

#90268 RE: kraken #90264

It is good news. However there are people here who would complain no matter how much the stock is worth.
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PRAE

01/16/08 6:55 PM

#90269 RE: kraken #90264

kraken, the board seems to be suffering from a demand-it-now syndrome. After demanding for so long there seems to be a shock that they got what they demanded!

I'm w/ you though, cautiously optimistic. With each detail that surfaces our prospects look better and better.
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momneedsawinner

01/16/08 8:02 PM

#90285 RE: kraken #90264

This is great! Finally the payoff for our patience :)!
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busytrader

01/17/08 12:11 AM

#90309 RE: kraken #90264

I just read the news. Let me caution everyone by saying that we need to see a real PR concerning the town hall news and then we need to actually see it happen. I sure hope they are right for a change. That gives me a nice little profit overall. Now, if all comes down like reported in town hall, the question is, do we hold or sell? I bet there is an early rush to the door, then a recovery over time. The Goodlife divvy will be a great long-term hold as the company grows.

What about EFGO's share buy back deal? Wonder when that will come down? We could be in for a nice surprise there too. Then, how about Canden's growth? Those shares might also be a great longer-term hold. This is getting interesting, but I have to see the final product before I actually believe it.
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Rasica

01/17/08 12:37 AM

#90314 RE: kraken #90264

I agree, patience has been Golden and the buy-back which began in May 2007 when the pps was deemed silly ($.0006) (Townhall) continues via the sale of assets.....

Assets after the RM with Haorizi/Good Life China presently being sold to TLGP........

"There is nothing to speak of in terms of additional dilution. We have, in fact, been buying some stock back when the prices get silly - but we intend to use our capital primarily to fund operational costs related to the new divisions ramping up operations(as emphasized in Sept 2007 Townhall). All we can say is that there are investors willing to sell at deep discount prices. We do not control the price per share, and there are no academic requirements to trade stock. That's why pump and dump schemes are successful. There is a herd mentality that defies logic. Somehow we don't think our long term investors are interested in that kind of activity."

""All restricted stock issued will be subject to the normal limitations and controls established by the SEC, which, as we understand it, has just been shortened to six months from 1 year, subject to some restrictions. These changes come under Rule 144 as amended November 14th of this year."

http://goodlifechina.com/townhall/?paged=2

"QUESTION: 3. EFGO buyback of GoodLife shares. In response to the earlier Town Hall question “Will Goodlife be buying back shares showing there faith in the new merger?” you responded with “Post-acquisition, EFGO plans to sell off other remaining non-core assets. Plans call for the proceeds received in these subsequent transactions by EFGO to be utilized to buy back shares.”

RESPONSE:


The intent is to use proceeds that are generated by EFGO to buy back EFGO shares
QUESTION:If EFGO and GoodLife will be separate companies how can EFGO buyback shares for GoodLife? Do you mean that EFGO will buy GoodLife shares and hold them for a period of time?

RESPONSE:


Actually, EFGO will buy back shares of EFGO with proceeds from the sales."

Townhall