posted
heavy manipulation i think. people waiting till everything clears up. how does a stock go down to .0011 from .0013 with buys?? .0012 get in now before its .002!
posted
MM Manipulation. Newness didnt wear off. 3 days is all the MM have to cover (from what I've been told) then the explosion will happen. Seeing a couple mirror trades...
posted
IMO- symbol change won't be much of a deal- maybe draw new attention. Shorts have probably already covered- they have had plenty of time. Not to say it won't be shorted on the small run next week caused by new interest. But mostly everybody is frontloaded on this one, I think.
The longs are waiting for finacials- projected earnings, buy back, uplisting, etc. then .01.
posted
Finished green again. .0012 GO EFGO! If there isnt any shorts then why are teh MM holding this back? They take it down on buys and are doing mirror trades. Somethings going on, just glad we finished up.
Im long. Waiting for financials, uplisting ect. then $1.00!!
posted
Zero, it's been my experience (or I overheard it somewhere, one of those) that shorts don't cover when you think they will. They won't cover when the price is low and they have the chance like a normal person would because they are banking that they will never have to cover at all.
They have to be forced, almost at gun point.
Also to be considered is that every single holder of an underperforming stock thinks there's millions of shorted shares and they are being manipulated and held down.
If Garr is what his fans think he is, this stock will do fine with or without a short squeeze.
-------------------- Me Trade Pretty One Day.
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posted
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Garr Winters and Jack Chang Meeting in Texas
LAS VEGAS, April 13 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation - CHNW.PK) www.espritfinancialgroup.com advises that Esprit CEO Garr Winters and Jack Chang, head of the Company's Advanced Electronic Funds Management (AEFM) division will be meeting in Texas, beginning Monday, April 16th, 2007. The two executives will have a busy schedule over the first half of the week, closing the Global-Vision purchase, as well as meeting with key banks who will be providing back-end services for some of the electronic funds management products. This includes 'Cash Now 21' check clearing services and stored value card products. Mr. Winters noted that, "By mid-week, we expect to have put in place key banking resources to support some of our key international funds transfer products. Once that is accomplished, we will be in a position to close some of the outstanding deals for these services, and would expect to announce some Agreements in Principle and Letters of Intent for new business by the end of April. These are new business contracts that have not previously been announced or discussed, in keeping with our desire to be conservative in our projections and announcements". Mr. Winters added, "We don't want to let our enthusiasm get the better of us, but I feel comfortable saying that the AEFM division will be ramping up activity within a 30-45 day time frame. We have literally had some potential clients pushing pretty hard to turn on the switch to become fully operational. With our new ticker symbol in place, the clock starts ticking as of now. Jack Chang has been very busy behind the scenes, and has positioned this new division in a very able manner. Leveraging our corporate resources, Jack is ready to hit the ground running, as soon as all the i's are dotted and t's crossed". 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 www.cashnow.org . 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. Structured Debt Settlement: This division will offer services that allow banks, financial institutions and other creditors to invite defaulted clients to negotiate a settlement online, in a neutral and non-confrontational manner, bypassing traditional collection calls and mail delivered notices of default. 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
Allstocks.com's Bulletin Board: Today's Active TopicsApril 12, 2007 14:41. QUOTE: ----- Originally posted by cottonjim: Shouldn't someone be starting a "EFGO TOOO THE MOOOOOOOOOOOON" thread or something ... www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_daily.html - 38k - Apr 12, 2007 - Cached - Similar pages
posted
Anyone else not able to sell there shares under scottrade? it shows up as CHNW# on my scottrade page and says # means unable to sell. Anyone talk to them and find out when we'll be able to sell? Not planning on selling right away, but would just like to have the option available.
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posted
Anyone else not able to sell there shares under scottrade? mine was like that too.read somewhere/ monday or later. no definite answer. will call tomorrow.
posted
Press Release Source: Esprit Financial Group
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Completion of Global-Vision Purchase Monday April 16, 6:00 am ET
LAS VEGAS, NV, April 16 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation - CHNW.PK) www.espritfinancialgroup.com is pleased to announce all of the contractual conditions and obligations for the acquisition of Global Vision are now complete, and Esprit now has operational control of the Company.
Mr. Garr Winters noted that; "The last remaining obligations of the purchase agreement have now been fulfilled. All parties have signed off on all of the required documents and we are now in legal control of the Company. The last administrative step of ratifying the agreement in court is a formality that will be taken care of in due course.
Now that the acquisition is complete, Jack Chang and I will be meeting in Texas later today to set up the banking relationships that Jack has developed on our behalf. We anticipate that matters will proceed quickly, and hope to have these initial relationships formalized within several days."
Winters added; "Esprit is acquiring all of the intellectual properties, processes and services that have been developed within Global Vision. We are most specifically interested in the key services that have been identified to date, including;
- Check 21 processing. - EM2 electronic funds management and international transfer capabilities. - International stored value debit cards and branded prepaid Visa cards."
There also appears to be some additional service capabilities that have recently been developed of interest to Esprit. Mr. Winters and Mr. Chang will be discussing these over the next week or so. Esprit anticipates making one or two additional announcements on these services as appropriate.
Winters further notes; "Esprit will also retain non-exclusive license rights on all of the additional intellectual properties that may not be immediately of interest to us in our core business sectors. These may be spun off with the remaining shell Company, or may be sold separately to third parties. We will be working with Jack to determine the best course of action."
The spin-off of Global Vision will require completion of additional financial and legal filings to bring the corporate records into full SEC compliance, and we have retained consultants to complete this work. We anticipate that it may take several months to complete this process, and prepare the corporate shell for sale in a Reverse Takeover or similar transaction.
Mr. Chang advised; "This is an exciting point in time. There have been a number of business contracts that we at Global Vision simply did not have the resources to close. Now that the acquisition is complete, Esprit brings those much needed resources, and I am quite optimistic about the opportunity to begin closing some of these deals in a relatively short time frame. Garr and I will have a busy week, to say the least."
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 www.cashnow.org. 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 reduce 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.
Structured Debt Settlement: This division will offer services that allow banks, financial institutions and other creditors to invite defaulted clients to negotiate a settlement online, in a neutral and non-confrontational manner, bypassing traditional collection calls and mail delivered notices of default.
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.
-------------------- "There was supposed to be an earth shattering KABOOM!" -Marvin Martian
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quote:Originally posted by kermit42: Zero, it's been my experience (or I overheard it somewhere, one of those) that shorts don't cover when you think they will. They won't cover when the price is low and they have the chance like a normal person would because they are banking that they will never have to cover at all.
They have to be forced, almost at gun point.
Also to be considered is that every single holder of an underperforming stock thinks there's millions of shorted shares and they are being manipulated and held down.
If Garr is what his fans think he is, this stock will do fine with or without a short squeeze.
kermie- can you clarify under what circumstances short's wouldn't cover...unfamiliar. Thank you in advance.
posted
Any of you guys notice the difference in LEVEL II? UBSS with his unlimited size has moved the ask from 0013 to 002.
Only 1 MM at 0013 and the next is at 002. This could be huge.
I have watched the level II on this one for quite some time. Before the ticker change the spread was always an uptick away and now the spread is huge. Trying to slow down the volume maybe.
I think this change in level II is telling us something here and I think the PPS will go up soon.
posted
Like they always do. I dont understand that one. They leave 1 at ask and before it should go up, more MM come back to ask.
Manipulation.
Anyone know whats up with the bids going through at 12 in blue(Scottrade T&S) then the ask goes to .0012 a bunch of buys, another blue 12 and then ask at .0013 again...???
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