But here is the reason I think this has a good chance for decent run tomorrow. As CHNW opens as EFGO tomorrow everybody will be able to buy easily as EFGO. Those holding CHNW likely will not be able to sell right away online. Most will have to call in to their Brokers. Just normal procedure for symbol changes with the likes of Scottrade etc. This will cause a lack of supply if volume starts coming in on the new EFGO symbol. Thus creating a run. Where that goes is any bodies guess. No guarantees with these pinks. It's all about supply and demand. The lack of shares available for quick sales can create the run. Just my opinion based on watching these before. So I'm taking my chances. Still holding 1 million free and just bought 1 mil more as soon as the name change was gonna happen for sure and will try to buy another mil tomorrow morning as EFGO!!!!
Good Luck All!
-------------------- Growing old is mandatory!......... Growing up is optional! Posts: 527 | From: Pennsylvania | Registered: Apr 2004
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posted
Very good point binnocent. I was thinking the same thing. I have some powder dry just for this moment. Tomorrow may be a good day. Of course I thought that of bhub too. LOL. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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posted
Esprit Financial Group Inc. (Esprit) (CHNW.PK) Receives New Ticker Symbol Thursday April 12, 3:15 pm ET
LAS VEGAS, April 12 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (CHNW.PK) www.espritfinancialgroup.com is pleased to announce it has received its new ticker symbol from NASD, and will now trade under symbol EFGO. The stock will begin trading under the new ticker symbol beginning tomorrow. In the interim, trades will continue to be executed under the old CHNW ticker. ADVERTISEMENT
The Company has been advised by its transfer agent that enquiries for CHNW.PK will be automatically redirected to the new symbol. However, the Company encourages investors to note the new ticker to ensure they still have access to the latest Company and trading information.
Esprit CEO Garr Winters commented, "Receiving the new ticker symbol took a bit longer than we thought, apparently due to some simple delays in the application process".
Winters added, "The Company is undergoing a renaissance in the truest sense of the word. Our new Forex trading division and Advanced Electronic Fund Management division point to the diversification of electronically delivered financial services. We're expecting significant new revenues from these initiatives over the next several months. Essentially, we're entering a new phase of corporate growth, and the timing of this new symbol could not be any more appropriate".
Shareholders are advised that the switch to the new ticker symbol should not cause any trading interruptions for the stock.
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public company engaged in a diversified number of online financial services.
PayDay Loans: The Company is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. Operations include licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market, under the Cash Now banner. The company's proven business model comprises operations in the U.S. and Canadian markets as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
Forex: Additionally, the Company's Forex Trading division offers an innovative low-cost online Forex trading service at www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious day traders. All transactions are handled on a streaming pass-through basis. There is no trading desk, and no manipulation of quotes that lag the actual interbank market. Importantly, traders can continue to trade actively even during volatile periods that result from major news events of publishing of market reports.
Advanced Electronic Funds Management: The Company's Advanced Electronic Funds Management (AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduced holdback periods by banking institutions, particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capable of managing multiple bank accounts, remitting funds worldwide and provide banking capabilities to consumers without requiring that they have a bank account.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements'. Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
-------------------------------------------------------------------------------- Source: Esprit Financial Group
Posts: 801 | Registered: Nov 2005
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posted
I know where you are coming from TMAM..... Many unforseen twists and turns out here. I try not to hold anything very long. Trade for free shares is my goal! But still no guarantee of not getting stuck..... I was only in CSHD for 3 days and got burned! Bob
-------------------- Growing old is mandatory!......... Growing up is optional! Posts: 527 | From: Pennsylvania | Registered: Apr 2004
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quote:Originally posted by binnocent: I know where you are coming from TMAM..... Many unforseen twists and turns out here. I try not to hold anything very long. Trade for free shares is my goal! But still no guarantee of not getting stuck..... I was only in CSHD for 3 days and got burned! Bob
I think the big difference here is how easy it is to verify everything being said/done. Its not just a bunch of BS that may or may not be true, they are following through and you can see it happening. I'm long on this one.
-------------------- ah poop. Posts: 186 | From: Washington | Registered: Feb 2007
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posted
Invalid, I wasnt saying that efgo was bhub. It isnt in any way. I was saying that I agreed with binocent that this may have a good day tomorrow. I was also saying that I had thought that of another stock and i was wrong. I think it will rise tomorrow. I dont think it will rise on "shorts" having to cover. They have had 2 weeks to do so. I think it will go up because of the name change. If there is any problems with the name change with the brokers then I will be buying more. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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The follow through and value of the company will make it rise, the name change just supports that value the company has and the trust they are building with shareholders.
-------------------- ah poop. Posts: 186 | From: Washington | Registered: Feb 2007
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posted
Ok lets dissect this. Ticker change recently= That usually lights a fire. Board buzz is friggen insane= That usually lights a fire. EOD numbers for CHNW looked poised for a launch. The company isn't valued for much. And tomorrow is Friday the 13th. WTF is goin on here?
I want to know what is attracting other people? Someone help me please. This one just doesn't shine for me until I factor in board hype. What did I miss? Not counting the ticker change. I am still a newb trying to learn this stuff but I see no real logic to follow other than mob mentality. Is this how these stocks work?
-------------------- "There was supposed to be an earth shattering KABOOM!" -Marvin Martian Posts: 21 | From: Newark, OH | Registered: Mar 2007
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quote:Originally posted by dallenp89: Ok lets dissect this. Ticker change recently= That usually lights a fire. Board buzz is friggen insane= That usually lights a fire. EOD numbers for CHNW looked poised for a launch. The company isn't valued for much. And tomorrow is Friday the 13th. WTF is goin on here?
I want to know what is attracting other people? Someone help me please. This one just doesn't shine for me until I factor in board hype. What did I miss? Not counting the ticker change. I am still a newb trying to learn this stuff but I see no real logic to follow other than mob mentality. Is this how these stocks work?
I invite you to read some posts at ihub ... you will see EFGO has a lot going on:
- share buy back announcement (around 1 billion, maybe more, I personally think 1.5 to 2 billion IMO) - revenue streams from many divisions (check PR's) - frankfurt listing - japan, china, europe, africa, ... deals - merger with OTCBB company - upcoming financials - backing support from major bank(s) - ... all the stuff I forgot to mention
Posts: 801 | Registered: Nov 2005
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posted
AWESOME EFG0 (formerly CHNW) news this morning.. Esprit Financial Group Inc. (Esprit) (EFGO.PK) Sells Its Position in Mono Bank Friday April 13, 6:00 am ET
LAS VEGAS, April 13 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation - CHNW.PK) www.espritfinancialgroup.com announced that it has sold its position in Mono Bank PLC http://www.monobankplc.com a UK based investment bank.
Garr Winters, Esprit's CEO said, "The previous management originally anticipated that a small new bank such as Mono Bank could be used to offer back-end services for some of the new products being offered by Esprit, such as international funds clearing and the Forex currency exchange business. The acquisition of Global-Vision, and particularly the addition of Jack Chang to the Esprit management team, has made this relationship redundant."
Winters added, "Jack Chang is extremely well-respected in the Financial Institution sector, and brings a strong network of relationships that can better serve our interests. As head of the Company's Advanced Electronic Funds Transfer division, Mr. Chang is expanding Esprit's USA based banking relationships. He is also bringing new relationships to the Company with offshore banks currently providing back-office support for leading edge products such as the proprietary EM2 service, that facilitates a wide variety of international funds transfers."
Esprit plans to use the proceeds of the sale of Mono, as well as the previously announced sale of Global Vision, to retire corporate debt and partly to fund a share buy back program. These two separate dispositions could represent a share buyback of as much as several hundred million shares.
Mr. Winters concluded, "It is our aspiration to tighten the float in the long run, while we continue to build shareholder value through the recently launched financial services divisions which are highly complementary to our original core business and expertise."
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public company engaged in a diversified number of online financial services.
PayDay Loans: The Company is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. Operations include licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market, under the Cash Now banner. The company's proven business model comprises operations in the U.S. and Canadian markets as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
Forex: Additionally, the Company's Forex Trading division offers an innovative low-cost online Forex trading service at www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious day traders. All transactions are handled on a streaming pass-through basis. There is no trading desk, and no manipulation of quotes that lag the actual interbank market. Importantly, traders can continue to trade actively even during volatile periods that result from major news events of publishing of market reports.
Advanced Electronic Funds Management: The Company's Advanced Electronic Funds Management (AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduced holdback periods by banking institutions, particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capable of managing multiple bank accounts, remitting funds worldwide and provide banking capabilities to consumers without requiring that they have a bank account.
Posts: 134 | Registered: Dec 2006
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posted
thats what i like to see. Esprit plans to use the proceeds of the sale of Mono, as well as the previously announced sale of Global Vision, to retire corporate debt and partly to fund a share buy back program.
Posts: 157 | From: pa, usa | Registered: Oct 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by thesource: Buy the crap out of it !!!
pumper!!!
j/k
I already did!!
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Anyone having issues with the name change and your stock broker? Scottrade still shows CHNW with yesterdays price...unable to accept sell order, at least online as far as I know.
-------------------- ah poop. Posts: 186 | From: Washington | Registered: Feb 2007
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posted
Yahoo finance shows Market Cap at 755.96K, but when it was CHNW I thought I remember it being about 4.9M. Anyone else see that or am I mistaken?
-------------------- ah poop. Posts: 186 | From: Washington | Registered: Feb 2007
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quote:Originally posted by Invaliderror: Anyone having issues with the name change and your stock broker? Scottrade still shows CHNW with yesterdays price...unable to accept sell order, at least online as far as I know.
Converting your shares, has to clear the dtc via the ta. not sure how long it takes. could be hours or days. call your broker and tell 'em to step on it. every chance you can harass scottrade i would. lol
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
"Yahoo finance shows Market Cap at 755.96K, but when it was CHNW I thought I remember it being about 4.9M. Anyone else see that or am I mistaken?"
I see it as well. The previous market cap was 4.9m. I checked pinksheets and no update has been done. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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quote:Originally posted by tmanfromtexas: "Yahoo finance shows Market Cap at 755.96K, but when it was CHNW I thought I remember it being about 4.9M. Anyone else see that or am I mistaken?"
I see it as well. The previous market cap was 4.9m. I checked pinksheets and no update has been done. TMAN...
when all the transfers are completed we should get a better picture imo. kinda in limbo.... at least i think that makes sense.
wait... it *is* Friday the 13th AHHHHHHHH!!!!!!!
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
bid/ask is diff., volume for chnw is more than double that of efgo, last trade price is diff., all according to TDAmer. it's like they're two completely seperate stocks. am newb, can anyone shed some light for me please?
Posts: 24 | From: Bradenton, Fl. | Registered: Feb 2007
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posted
Its showing yesterdays info for CHNW. Name change is going to take a while for the shares to transfer over to EFGO before they update the info on the site. Something like that.
-------------------- ah poop. Posts: 186 | From: Washington | Registered: Feb 2007
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