eCarfly, Inc. Begins Preliminary Merger Negotiations with a High Yielding Corporation
Wednesday, November 22, 2006 08:31ET
DALLAS, Nov 22, 2006 (BUSINESS WIRE) -- eCarfly, Inc. (Pink Sheets: ECFL) excitingly announced today that new merger plans are underway. Merger negotiations, although still early, seem to be clearly defined and agreed upon by both companies. Attorneys for both groups will begin the Due Diligence process as early as possible working to gather all information to help in the high level negotiation process. Board members for ECFL will also be looking at a possible reverse split with numbers reaching as high as 500 to 1. Company officials for both teams have expressed their excitement for the public and look forward to sharing the new business venture with all shareholders.
Desmond Milligan, CEO of eCarfly, stated, "Just a few days ago, I was saddened that the merger had fallen through with CompleteAuto and eAutoDrop. Now, I am completely overwhelmed knowing that ECFL has this golden opportunity to re-surface by possibly merging with a company that will create a safe haven for our investors. Saying this, I want the investors of ECFL to understand that my position with the company has always been focused on building a corporation that will create jobs and earn profits allowing investors the opportunity to share in the rewards while never jeopardizing our integrity."
About eCarfly, Inc.
eCarfly, Inc. has closed the Chicago Office and the Plano Office. The corporate office is being re-located to a new area in Dallas, TX and should re-open in the next couple of weeks. The new address and telephone number will be released to the public when the move is completed.
eCarfly provided individuals and automotive dealers a hassle-free and cost-effective alternative to sell their vehicles while reducing to zero traditional costs associated with the vehicle sales process!
eCarfly is currently focusing on new business ventures that will allow for new opportunities for shareholders.
-------------------- " Cash is King " Posts: 1102 | From: NJ | Registered: Mar 2006
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Maybe news coming, volume has been up last 3 days and looking to move up pretty good today, also.
Posts: 782 | From: Warm Southern end of Maine, YA RIGHT!! | Registered: Oct 2006
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I am in. I missed this baby on the drop. DANG IT. And its something I knew for yrs, buy on the drop after bad news. I really need to concentrate
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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Man, I read the news early but the line "Board members for ECFL will also be looking at a possible reverse split with numbers reaching as high as 500 to 1." scared me. I should have known the MMs needed to run it to get rid of their shares before a R/S. Oh well. good luck!
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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Where did you read about a reverse split, squire?
Posts: 782 | From: Warm Southern end of Maine, YA RIGHT!! | Registered: Oct 2006
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Thank you, Average! I felt like an idiot, first time I read it, I didn't notice it, no coffee yet!! LOL!!
Posts: 782 | From: Warm Southern end of Maine, YA RIGHT!! | Registered: Oct 2006
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quote:Originally posted by Average Joe: Up 70% !! Nobody said to fall in love with the stock, just make a profit and get out.
I love the double news. But as you say, I got in at .0065 and out at .090 /,095 30% aint bad. Better than my average losses for the past 2 months. In fact ECFL is my very first profit EVER. I'm learning.
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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I like to see everybody make money. People make the mistake of staying too long with these penny/sub-penny stocks. Get in and get out. 30% one day, 18% another day, it all adds up after a while. Keep an eye on APPI. Have a feeling that its about to pop. Go to the thread on Allstocks. A few people think big news is coming soon !!
-------------------- " Cash is King " Posts: 1102 | From: NJ | Registered: Mar 2006
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quote:Originally posted by Average Joe: I like to see everybody make money. People make the mistake of staying too long with these penny/sub-penny stocks. Get in and get out. 30% one day, 18% another day, it all adds up after a while. Keep an eye on APPI. Have a feeling that its about to pop. Go to the thread on Allstocks. A few people think big news is coming soon !!
hummm very interesting post. This is a very good perspective. Not heard it this way. So if I bought CKEI this morning at .0032, do you suggest if it peaks at .0038 I should sell for a ......15% profit?
Thats too small for me. I'm hanging.
I think I'll have a rule , if the profit is not over 25% AND I don't think the stock will tank, then I'll AT LEAST hold til the next day If my profit is 25%, I can either take some or all.
I need to work up a rule book over the holidays.
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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Hmmmm, I wonder how long it will climb? The million dollar question!!
Posts: 782 | From: Warm Southern end of Maine, YA RIGHT!! | Registered: Oct 2006
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maybe we can break the .02 plateau today!! Good warmup for Friday!!!
Posts: 782 | From: Warm Southern end of Maine, YA RIGHT!! | Registered: Oct 2006
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ECFL Board of Directors Decides against a Reverse Stock Split 11/22/2006 14:36 eCarfly, Inc. (Pink Sheets: ECFL) announced today that the Board of Directors has decided against a reverse stock split. Negotiation of the possible new merger will continue on course.
"I believe that it's in the best interest of our company and to our investors not to engage in a reverse stock split at this time," stated Desmond Milligan, eCarfly, Inc. CEO.
About eCarfly, Inc.
eCarfly, Inc. has closed the Chicago Office and the Plano Office. The corporate office is being re-located to a new area in Dallas, TX and should re-open in the next couple of weeks. The new address and telephone number will be released to the public when the move is completed.
eCarfly provided individuals and automotive dealers a hassle-free and cost-effective alternative to sell their vehicles while reducing to zero traditional costs associated with the vehicle sales process!
eCarfly is currently focusing on new business ventures that will allow for new opportunities for shareholders.
And up, up, & away she goes!!!!!
Posts: 782 | From: Warm Southern end of Maine, YA RIGHT!! | Registered: Oct 2006
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Well I'm confused. I though the decision AGAINST the stock split, which would take up 100 shars and give 1 share, is NOT good news. Then why is the price as you say "and up and away she goes" Shouldn't that be bad news and drive the stock down?
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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Ya, I was thinking the same thing, source!! Still all buys coming in, I am just surprised they haven't raised the ask price yet!!!
Posts: 782 | From: Warm Southern end of Maine, YA RIGHT!! | Registered: Oct 2006
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We might see .022 today, but hopefully Friday she will run a bit higher!!!
Posts: 782 | From: Warm Southern end of Maine, YA RIGHT!! | Registered: Oct 2006
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MM's are NOT selling yet, good sign for it to continue in the green on Friday
Posts: 782 | From: Warm Southern end of Maine, YA RIGHT!! | Registered: Oct 2006
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Ok, source, I am assuming that was your sell order at .022!!
Posts: 782 | From: Warm Southern end of Maine, YA RIGHT!! | Registered: Oct 2006
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