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» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » EFGO TO DA MOOOOOOOON (Page 3)

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Author Topic: EFGO TO DA MOOOOOOOON
KaiserSose
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some buying pressure at 0.0014 and IMO we take off ... MM's are keeping a big spread to try to stop trading ... *******s!

go EFGO

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mindspin311
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Just called scottrade. They said the change usually takes place by now. Most likely tomorrow at latest.
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BooDog
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thanks all for the updates!!
figures Scotturd would be last

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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mindspin311
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Just hoping short term peak doesn't come today, and I'm stuck at 001 when scottrade gets this done. Would like to flip a little over at least 0012.
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kermit42
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quote:
Originally posted by ZeroCool:
kermie- can you clarify under what circumstances short's wouldn't cover...unfamiliar. Thank you in advance.

Short covers are very difficult to force. That's why there are so many more anticipated then realized. The 2 ways to force it are a huge MOMO run that drives up the price so that they have to buy back the shares to try and limit their losses and/or some other event such as a dividend issuance that the shorts would be responsible for on their shorted shares.

Absent one of those forcing events (and the MOMO one is particualrly difficult because the shorters can further short into the run), the shorts NEVER have to cover. And most of the time they never are covered.

The most common short issue is the fail to deliver--MMs selling shares the don't have. Technically, they have 13 days to cover, but that can be extended indefinately by shuffling the shorted shares around between market makers.

It's a problem in the stock market as a whole and a huge one on the pink sheets. I've seen passed around a link to some professor who describes how MMs actually, consciously destroy companies by shorting the stock price down to nothing.

Another poster here probably has it saved and can send it to you.

--------------------
Me Trade Pretty One Day.

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tmanfromtexas
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ATD finally crossed over to the dark side. lol. TMAN...

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In the end, trust only yourself when trading stocks.

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Incorrectlogin
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Weird. Scottrade shows a trade sale for 1.57 and now my account is +1.57

I didnt sell anything...something to do with EFGO conversion maybe?

--------------------
ah poop.

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mindspin311
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Or maybe there selling it for us at 1.57 a share [Smile]
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BooDog
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quote:
Originally posted by mindspin311:
Or maybe there selling it for us at 1.57 a share [Smile]

that's what my target is [Wink]

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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Incorrectlogin
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Last trade shows .0012, ask shows .0014

So many mirror trades...

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ah poop.

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HMSD2010
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is it just me or is this awfully reminiscent of the early days of SLJB. I am just glad to be in early on this one. I came in much later on SLJB and I was the one left holding the bag.
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mindspin311
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Scottrade showing my EFGO!! Woohoo!!
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dallenp89
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What happened to the volume here? I seem to recall this being over 1bil back in January and February as CHNW. With the volume in the billions back then this barely moved over the pps it has now. I like all the positive news and hype the same as the next person. You would think the volume would be back to or near a peak wouldn't you? I feel that it is awfully low with all things considered.

Maybe someone has a theory? I certainly don't!

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"There was supposed to be an earth shattering KABOOM!" -Marvin Martian

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BooDog
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If you build it they will come.

shares finally got transferred imo. gotta work out the kinks.

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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ZeroCool
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quote:
Originally posted by kermit42:
quote:
Originally posted by ZeroCool:
kermie- can you clarify under what circumstances short's wouldn't cover...unfamiliar. Thank you in advance.

Short covers are very difficult to force. That's why there are so many more anticipated then realized. The 2 ways to force it are a huge MOMO run that drives up the price so that they have to buy back the shares to try and limit their losses and/or some other event such as a dividend issuance that the shorts would be responsible for on their shorted shares.

Absent one of those forcing events (and the MOMO one is particualrly difficult because the shorters can further short into the run), the shorts NEVER have to cover. And most of the time they never are covered.

The most common short issue is the fail to deliver--MMs selling shares the don't have. Technically, they have 13 days to cover, but that can be extended indefinately by shuffling the shorted shares around between market makers.

It's a problem in the stock market as a whole and a huge one on the pink sheets. I've seen passed around a link to some professor who describes how MMs actually, consciously destroy companies by shorting the stock price down to nothing.

Another poster here probably has it saved and can send it to you.

Thanks kermie- I have that link about FTD's- 20 min long. I appreciate your time in answering- the shuffling past 13 day rule... I didn't know about that.thanks dude!

--------------------
nn

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dalton05
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News for 'CHNW' - (Esprit Financial Group Inc. (Esprit) (EFGO.PK)
Announces Intention to open Hong Kong Office)


LAS VEGAS, NV, April 17, 2007 /PRNewswire-FirstCall via COMTEX/ -- EspritFinancialGroup Inc. (ESPRIT) (formerly Cash Now Corporation - CHNW.PK)
www.espritfinancialgroup.com is pleased to announce it will be opening a
branchofficein Hong Kong. This will provide a local presence in Asia, as Esprit
prepares to rollout an Asian Forex website in the mid-term. It will also
providelocalsupport for some of the electronic funds management services from the
newly established Advanced Electronics Funds Management (AEFM) division
headedbyJack Chang.

Jack Chang, head of the AEFM division is quoted as saying; "We have had
someinitialcontact with potential financial institutions that can see the business
case for some of our products, such as the EM2 funds management and
transfersystems.While it is still very early in the game, we hope to develop some
strategic relationships with which to introduce these products to the
Asianmarket".About Esprit Financial Group Inc.

Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public
companyengagedin a diversified number of online financial services.

PayDay Loans: The Company is a pioneer in the payday loan industry, andcontinuesto develop the most comprehensive menu of services in the cash advance
industry and will retain the Cash Now brand for many of these services.Operationsinclude licensing of a comprehensive suite of Internet-based payday
loan and check cashing software and private label back end office systems
forthesub 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 aswellas several foreign markets. Additionally, the Company's website is the
mostadvancedpayday-lending portal, offering key insight to clients and potential
clients alike.Forex: Additionally, the Company's Forex Trading division offers an
innovativelow-costonline Forex trading service at www.cashnow.com. The Company acts as an
Introducing Broker for Advanced Markets, Inc., and is targeted to serious
daytraders.All transactions are handled on a streaming pass-through basis. There
is no trading desk, and no manipulation of quotes that lag the actual
interbankmarket.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
FundsManagement(AEFM) division offers Cash Now Check 21 - an advanced checking
clearing service that can significantly reduced holdback periods by
bankinginstitutions,particularly valuable for international markets. Its EM2
(Electronic Money Management System) product is a comprehensive e-wallet
capableofmanaging multiple bank accounts, remitting funds worldwide and provide
banking capabilities to consumers without requiring that they have a bankaccount.Structured Debt Settlement: This division will offer services that allow
banks,financialinstitutions and other creditors to invite defaulted clients to
negotiate a settlement online, in a neutral and non-confrontational
manner,bypassingtraditional collection calls and mail delivered notices of default.

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BooDog
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Reposted. Thought they didn't proof read it. Check your word wrap and justification dalton05.

Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Intention to open Hong Kong Office
Tuesday April 17, 7:31 am ET

LAS VEGAS, NV, April 17 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation - CHNW.PK) www.espritfinancialgroup.com is pleased to announce it will be opening a branch office in Hong Kong. This will provide a local presence in Asia, as Esprit prepares to rollout an Asian Forex website in the mid-term. It will also provide local support for some of the electronic funds management services from the newly established Advanced Electronics Funds Management (AEFM) division headed by Jack Chang.

Jack Chang, head of the AEFM division is quoted as saying; "We have had some initial contact with potential financial institutions that can see the business case for some of our products, such as the EM2 funds management and transfer systems. While it is still very early in the game, we hope to develop some strategic relationships with which to introduce these products to the Asian market".

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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CashCowDave
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going WORLD WIDE Clyde..Great News!
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dalton05
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B/A .0009 - .001
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dalton05
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Down 25% so far - what happened to the to da moon with the name change.
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Incorrectlogin
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Great News...price drops...time to buy more.

--------------------
ah poop.

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Incorrectlogin
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EFGO change finally went through and maybe lots of people are selling? Some people say dilution. Would dilution make sense if the company plans to buy back several hundred million shares?

--------------------
ah poop.

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BooDog
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picks up my buy i'll be quadroupled

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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Incorrectlogin
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I think I'm going to have to deposit money I dont have to buy more hopefully before it goes back up. Then I have to hope the money doenst come out of the bank before payday.

The investors are definetly showing to be very resiliant against the MM and manipulation tactics. GO EFGO GO!

--------------------
ah poop.

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BooDog
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A LOT of covering going on that's for sure.

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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5times1
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picked some up at .0009, lets go efgo
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BooDog
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Esprit Financial Group Inc. (Esprit) (EFGO.PK) To Expand Presence in Forex Trading
Tuesday April 17, 2:03 pm ET


LAS VEGAS, NV, April 17 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com has made a strategic decision to create additional vertical integration for its Forex division, headed by Richard Sciacchetano. The Company is looking for the Forex division to become one of the major pillars in its electronic financial products portfolio, after recently launching its Forex Website as an Introducing Broker for Advanced Markets.
Mr. Sciacchetano noted that, "In order to fully realize the potential gross margins from the forex trading sector, we will need to go beyond the introducing broker role, and become a broker-dealer and/or FCM, as well as registering with the NFA. The window of opportunity is here, and we believe we can expand our products service capabilities to capture a greater percentage of the revenue stream from retail Forex trading."

Garr Winters, Esprit CEO noted that, "We have senior management consensus that this is one of the core businesses that best fit our model. Over the next month or two, we will be evaluating potential entry approaches to deepen our service capabilities. We have several options available:


- Purchase a broker-dealer with Forex expertise
- Acquisition of a Company such as our strategic partner Advanced
Markets that is already established with a licensed trading platform
and the requisite credentials as an FCM and member of the NFA.
- Build our own broker-dealer capabilities through strategic hires into
the division."

Winters added, "At this point, we are leaning to one of the latter two strategies, which provide a much better return on investment than the outright purchase of a dealer-broker. Initial discussions have been initiated in a serious manner, although it will take a while to agree to general terms and ultimately perform the due diligence required before choosing one of the strategic options and subsequently closing a deal. While I am in Texas with Jack Chang, Richard will be moving forward on the Forex front. Once the whole team is all back from the various business trips, this week we will sit down in a more structured environment and evaluate the options in front of us, and re-prioritize the different projects. My time with Jack will allow us to develop some clearer time lines for rollout of the AEFM division services. We will also report back on some of the new opportunities within the original Payday Loan division."

Additionally, Winters added, "Things have been going at break-neck speed over the last couple of months. Once we are all back at Head Office, we will meet as a group, establishing timelines and priorities over the number of initiatives recently announced. To a certain extent, this will be driven by the concept of harvesting 'low hanging fruit', and lock up some contracts that will demonstrate the best potential for short term revenue. There may be some additional surprises in terms of new product service capabilities within our core business sectors, but this will be driven by rigorous analysis and due diligence."

On a closing note, Winters added, "We are consistent in our focus on building shareholder value. I as well as some of our senior manages intend to see our stock compensation increase dramatically through the year."

Winters summarized: "Simply put, our target has not shifted. We have specifically identified business deals pending, and we are putting the necessary service capabilities in place to handle these products as soon as possible. Shareholders will need to show some patience as we put these contracts together. We will continue to distribute timely information in a transparent manner to the best of our abilities."

continued...
http://biz.yahoo.com/prnews/070417/to293.html?.v=46

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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mindspin311
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18 of last 20 orders were buys. Don't know why this isn't going back up to 11 or 12
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Incorrectlogin
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Strange trading going on. I actually hope they keep the price down until tomorow. I want to get more at this price.


Anyone noticing the 9998 and 9988 and other odd trades? Possible MM signals?
The MMs keep letting buys go through at bid. The AH 1m at 9 was a buy not sell.

--------------------
ah poop.

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mindspin311
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Hating scottrade right now. Wanted to flip half of this at 0012. Have other stocks I want to get. Let's hope this gets back up to 0011x0012 or so tomorrow. Let the rest ride longterm.
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Incorrectlogin
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My scottrade finally updated everything to EFGO. I think it depends on the last time you bought it. Half of mine was converted yesterday and then the rest in the amount I last bought changed today. It will go back up tommorow and possibly higher IMO.

--------------------
ah poop.

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CashCowDave
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EFGO..I'm am holding all and accumulating more...

because I'm VERY curious as how the banking 'backer'
meetings in Texas are going these past few days..

http://biz.yahoo.com/prnews/070413/to217.html?.v=42

could be some VERY MEATY PR's next few days!

excerpt:
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".

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BooDog
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my strategy also Cash.

good luck.

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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tmanfromtexas
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Well, they must have closed shop. There was no PR this morning. lol. TMAN...

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In the end, trust only yourself when trading stocks.

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bobcat88
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According to IHUB there is supposed to be some huge news this PM.

--------------------
"Man who excels at putting worm on hook is Master Baiter"

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