posted
Could it be a release of the "key banking Resource" or some numbers? What ever it is it needs to be huge.
Posts: 157 | From: pa, usa | Registered: Oct 2006
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posted
What happened to the huge short covering that had to take place ? I have not seen one single stock be able to really force the short positions to cover . I beginning to think I'm on the wrong side of the fence .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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posted
efGOOOOOOOOO- Just to inform those thinking dilution...there is NONE. They are buying back shares in order to shore up financials for the "backers".
If they do become a broker/dealer- this is will be a dream come true for longs.
posted
All buys today, and it's tanking. From 0014 to 0008 2 days later. This really is starting to look like a POS. Hoping for anything to get this back up to 001 bid so I can dump this before it goes right back down despite great news. I don't see anyway how this will do good long term. I get in initially at 001 and nothing but great news since then. It's at 0008x0009 6 weeks later. This occasionally goes up briefly on good news and tanks right back to where it was before. Seems all it's good for is to get it low and flip when it goes up a few points. I have seen nothing at all about this stock that makes me optimistic of the future.
Posts: 263 | Registered: Feb 2007
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posted
I Agree with you Mindspin - I have been trading these stocks for a long time and all the PR's that come out never seems to mention Numbers.That's what this stock needs is for them to tell us what the numbers are because IMHO they can fluff PR us to death but unless they tell us how much they are making or even an est.then this is going to do nothing but go down.Maybe a couple of up days but will settle back down.
Posts: 1086 | Registered: Oct 2005
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posted
I've already made a grand on this....I bought this a few moons ago when it was at .0001....already dumped a million when it was at .0014 and kept a million.....GO GO EFGOOOOOOOOO....and make me more money
-------------------- BINGO BANGO ZINGO ZANGO Posts: 65 | From: RHODE ISLAND | Registered: Nov 2006
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posted
If you don't see the circumstance of this stock- get out now! Then...in July- you can kick yourself in the arse!
But, for those who still have faith- hold on! If you are worried about why it is "tanking"- recognize this; MM's are keeping this down as long as they can- to get more shares. EFGO "IS" buying back shares- they will not release "awesome" news until they have hit there target. Remember- EFGO's share and financial structure was not conducive to the growth they wish to achieve, and the financing they are trying to close.
The following is IMO;
Remember "fluff" pr's are just FYI for shareholder's, and it is building like a shaken soda can. It will explode by end of June.
Take this next statement as you will; "EFGO will be trading above .30 by August"
posted
Press Release Source: Esprit Financial Group
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Open Letter to Shareholders Wednesday April 18, 11:45 am ET
LAS VEGAS, April 18 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com CEO Garr Winters provides update on Corporate activities in open letter to Shareholders;
April 17th was a roller coaster ride, with over 200 million shares traded. The price per share was all over the map. Now that I'm back at the hotel, I wanted to take a few minutes to discuss the status of our plans, and where we are taking this Company.
First and foremost, I think we have developed enough of a track record to establish that we are not selling hype, or creating some "pump and dump" scenario. My compensation, as well as other senior management, is tied to long term performance via restricted shares. Our goal line is still nine months + away, and by that time, we expect to have a rock solid Company with several complimentary revenue streams and bottom line profitability.
We are making prudent and calculated strategic moves to lay a solid foundation for growth. But I know of no business where you can simply 'add water' and instantly have a new business division firing on all cylinders. We are holding the course, and following through diligently on sound business decisions based on potential ROI. Period.
Days like yesterday happen occasionally. There was tremendous volume, and despite extreme downward pressure, the PPS did not cave. It may be traders who wanted to flip stock as soon as the new ticker symbol worked through the system. A significant chunk of restricted stock moved over to free trading. The MMs may or may not be manipulating the market. Frankly, it's not important. Our job is to build a profitable company that will go the distance. One day of crazy trading doesn't change our focus.
Short term PPS can fluctuate at times, but even with a close at .0010, the PPS has increased ten fold in less than three months. So yes, some shareholders may get skittish, and take profits on a day like yesterday. The point is, we are not in business on a day to day basis. Our planning horizon is from 3 months to a year in most of our divisions.
More importantly, we are making excellent progress towards our goals. However, patience is required as we build out the infrastructure and operating procedures for our various divisions.
I'm down in Texas working with Jack Chang to set up relationships with partners that know and value the quality of his credentials. His network provides access to excellent suppliers and strategic partners with whom we can pick up a phone and begin discussing business on a credible basis without extensive due diligence regarding our Company. Does that translate to instant revenue - absolutely not. If shareholders are expecting an announcement that we have locked up a multi-million dollar deal within the next week or so, that's a little naive. Major deals do not happen that quickly.
Is there a reason that we are not sharing names and revenue projections at this stage? Absolutely. We are committed to a transparent program to keep our shareholders in the loop, but never in a foolhardy or unrealistic manner. We are holding back information on programs until they become real, and have a strong likelihood of success. In the short term, that means putting business relationship in place on the strategic partner/supplier side. As far as whether there are business contracts waiting to close once our business foundation is properly completed, I can only say that we have very interested parties pushing us to become fully operational so that we can handle their business.
But, and this is important, rushing through the process prematurely does not serve any of our stakeholder interests. A slap dash agreement just to put numbers on the board is not good business. We want long term customers. We want referrals. We want an excellent reputation in our chosen business sectors. In short - we are building credibility. We do what we say, we say what we do.
As most of our shareholders know, we have tried to be very transparent since I came on board in January of this year. We have been very busy beavers broadening our product and service portfolio into strategic, complimentary areas. There has been a lot of information to share, but perhaps some unrealistic expectations have taken root.
So, a quick recap:
Our Payday Loan division: There are new license agreements being negotiated for multiple locations, from previously announced Japanese clients to smaller domestic multi-store locations. Software is being revamped, and will be redesigned to handle foreign currencies with ease, opening up many new international markets.
The Forex division is young. Yet our website is fully functional. We are waiting for a couple of software modifications (mods) before rolling out mirror sites, with the next one ready to be released as of this date. Once completed, we will begin an online and offline marketing programs to generate traffic and new accounts. There are plans to diversify vertically, but these need some discussion and additional strategic analysis. Forex trading is in a very dramatic phase of change. We will be careful to proceed in the best way possible, after due analysis of options and negotiations with potential acquisitions or development of our own resources.
The AEFM division is very new, having just completed all of the requisite conditions for the acquisition. Jack and I are wasting no time putting key relationships in place to support the various products and services. I will be able to provide a better time line and expectations after the round of meetings this week. What I can say is that Jack can pick up the phone and get through to anyone we have needed to talk to. This tremendous amount of credibility and Goodwill is not reflected in our financials at this stage. The value of being able to skip through the first 6 months of back and forth, is the difference between a market leader versus second or third in with a 'me too' product.
Our structured debt settlement services have garnered interest from several serious potential accounts. At this point, there's nothing to report in terms of revenue. We are going to redevelop our software platform to accommodate this type of transaction, and must still develop rate cards and billing policies. We're a couple of months from beta testing. Do we feel we have a winner? Emphatically! Timing of new revenue streams - not likely for another 120 days.
We will continue to provide information, even if there are no revenue numbers or projections we can comfortably share. Let's remember that when Xerox invented the photocopier, they considered the market so small and highly specialized that it was hardly worth the bother. We can project impressive numbers all we like. It may keep investors excited - but not for long. As I mentioned in the beginning, we are holding the course. We feel we are doing the right things to build true shareholder value. I'm prepared to have my performance judged in the longer term, when we provide realistic projections that we deliver in the real world.
A final word of thanks to the entire management and support team that have been putting in long hours to make things happen. I am very proud of this team of high-quality individuals, who put aside the usual petty office politics, and work extremely well as a team focused on results.
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.
-------------------- "Man who excels at putting worm on hook is Master Baiter" Posts: 678 | From: Boise, Idaho | Registered: Nov 2005
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posted
Considering what the T&S shows and volume, and if there is no dilution aside from the restricted shares being unrestricted, I say MM Manipulation all the way.
Everything considered, this should be higher based on company value if pinks were ever to be based on that.
-------------------- ah poop. Posts: 186 | From: Washington | Registered: Feb 2007
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posted
Secrets, secrets...but look on the bright side- if those restricted shares just became free trading- I wouldn't think they would sell off when EFGO is poised to explode.IMO
They put out lots of PRs. Share buyback Forex trading CuSiP Name change Working with NYSE company Management paid in stock World of warcraft No dilution by company(stated in pr anyway) OTCBB future uplisting through acquisition(stated in pr)
And the Negatives...
Restricted shares are possibly in the market MM Manipulation I like peanuts
This seems worth going long with the trust they attempt to build. The only reason people are weary of this now is the lack of PPS increase. Everything done, the PPS should be higher and so you have to wonder why it isnt.
Thats all I have to say for now.
-------------------- ah poop. Posts: 186 | From: Washington | Registered: Feb 2007
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posted
"This seems worth going long with the trust they attempt to build. The only reason people are weary of this now is the lack of PPS increase. Everything done, the PPS should be higher and so you have to wonder why it isnt."
I'm not surprised it isn't running. a lot of the new money hit right after the symbol change, now imo everyone took profits and covered. to be expexted after such a short but major ride. Todays pr put everything back in perspective. my buys are untouched waiting for a dip. holding at this pps is healthy imo. mm's will have this moving soon enough imo.
-------------------- 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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Whats with the spread on this thing? Why would a .0008x.0011 spread prevent buying? It would prevent me from selling because i wouldnt want to sell at 8 if the ask is 11
(Impulsory Disclosure! Position-Long; ST Rating-Strong Buy; LT Rating-Strong Buy)
-------------------- ah poop. Posts: 186 | From: Washington | Registered: Feb 2007
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posted
my bad, I was looking at a post from a different day, so now your just a serial offender, LMAO.
quote:Originally posted by cottonjim: Stocktrader22, did someone pee in your wheaties this morning? You are in some kind of mood today all over the boards
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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quote:Originally posted by CashCowDave: A great adding opportunity here at .0009!
Still???
-------------------- 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
give the pr machine a break and let the rumors start pushing a lil.
-------------------- 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 cottonjim: my bad, I was looking at a post from a different day, so now your just a serial offender, LMAO.
quote:Originally posted by cottonjim: Stocktrader22, did someone pee in your wheaties this morning? You are in some kind of mood today all over the boards
boo hoo...just calling it how i see it...any company that PR's something every day and has 5 billion O/S is a POS.
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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posted
If all you look at are the number of PRs and O/S then thats all youll ever see. If you ever want to make loads of money, the trick is to find a company with value (EFGO) and go long. As the company grows the stock will follow. Most Pinks are POS and only good for flipping but like the lottery, someone is bound to win in the millions playing the game. Just need to wait. Play something else while your waiting to alleviate the impatience. It will take about 9+ months to see it grow because financials are quarterly. The CEO could bs all he wants in the PRs to pump the stock price but it doesnt create trust or value in the company. This CEO cares about the company and not the flippers, thats why this stock will start soaring as the financials start coming out with good revenues.
Ignore your pinkland thinking, it will betray you with EFGO. These are the levels at which you want to stock up on!
But as always, you might kick yourself later either way you go. JMHO.
GO efgo go...?
GO EFGO!
-------------------- ah poop. Posts: 186 | From: Washington | Registered: Feb 2007
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quote:Originally posted by stocktrader22: LOL...people invest in what they want, more times then not you will lose going long on these..
Folks...he is right on the money with this one. I learned quite alot over the past year that it is very risky to go long in pennyland. Take your profits...however I do hold shares here, but it is a risk I am willing to take. As far as anything else goes here in pennyland, do what you think is best for you. Be very careful though...Just look at PLYCF and INXR...What happened with those?? I took my profits when they ran, and re-invested and then lost money because of it. JMO...of course.
quote:Originally posted by stocktrader22: LOL...people invest in what they want, more times then not you will lose going long on these..
Folks...he is right on the money with this one. I learned quite alot over the past year that it is very risky to go long in pennyland. Take your profits...however I do hold shares here, but it is a risk I am willing to take. As far as anything else goes here in pennyland, do what you think is best for you. Be very careful though...Just look at PLYCF and INXR...What happened with those?? I took my profits when they ran, and re-invested and then lost money because of it. JMO...of course.
Just a word of advice, if you have the capital stick with nasdaq/amex small caps...and trade pinks/ob's that you are familiar with in terms of the company and the trading patterns.
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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posted
[/qb][/QUOTE]Just a word of advice, if you have the capital stick with nasdaq/amex small caps...and trade pinks/ob's that you are familiar with in terms of the company and the trading patterns. [/QB][/QUOTE]
Ditto. You are a good trader ST22...I have watched many of your plays and you are very well trained in these matters and I think people here that don't give you the respect you deserve should think again..and follow your leads. I know I have, even though i haven't invested in most of them, I definately think I should start. JMO of course.
Just a word of advice, if you have the capital stick with nasdaq/amex small caps...and trade pinks/ob's that you are familiar with in terms of the company and the trading patterns. [/QB][/QUOTE]
Ditto. You are a good trader ST22...I have watched many of your plays and you are very well trained in these matters and I think people here that don't give you the respect you deserve should think again..and follow your leads. I know I have, even though i haven't invested in most of them, I definately think I should start. JMO of course. [/QB][/QUOTE]
I appreciate it. I've been around here for a while, and I think people are just starting to catch on that even though I'm not perfect in my trading, I often have very low risk/high reward stocks that I invest in. I was a heavy penny trader, and made tons of money off of SLJB just to lose it on CSHD...but I have learned many lessons of dilution, corruption, lack of promises, false PR's, etc from these OB's and pinks. I do still trade pinks and OB's but on a lot smaller frequency, and only on ones Im very confident in. Sometimes for a quick daytrade Ill throw some $$ in for the hell of it if im bored. But pay attention to the hot stocks free for all section, thats where I put most of my picks. I'm not here to brag but out of my nasdaq/amex/otcbb stocks lately, I'd say 75% or more have been winners.
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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Just a word of advice, if you have the capital stick with nasdaq/amex small caps...and trade pinks/ob's that you are familiar with in terms of the company and the trading patterns.
Ditto. You are a good trader ST22...I have watched many of your plays and you are very well trained in these matters and I think people here that don't give you the respect you deserve should think again..and follow your leads. I know I have, even though i haven't invested in most of them, I definately think I should start. JMO of course. [/QB][/QUOTE]
I appreciate it. I've been around here for a while, and I think people are just starting to catch on that even though I'm not perfect in my trading, I often have very low risk/high reward stocks that I invest in. I was a heavy penny trader, and made tons of money off of SLJB just to lose it on CSHD...but I have learned many lessons of dilution, corruption, lack of promises, false PR's, etc from these OB's and pinks. I do still trade pinks and OB's but on a lot smaller frequency, and only on ones Im very confident in. Sometimes for a quick daytrade Ill throw some $$ in for the hell of it if im bored. But pay attention to the hot stocks free for all section, thats where I put most of my picks. I'm not here to brag but out of my nasdaq/amex/otcbb stocks lately, I'd say 75% or more have been winners. [/QB][/QUOTE]
No sweat...I don't have much capital unfortunately but I do love this game. I wanted to pick up where a buddy of mine left off after he died in the 911 attacks when he was working for Cantor Fitz. We used to play music together in New Orleans back in the 90's...unfortunately I didn't find out till just recently...so I put down my gig bag..settled down with my girl and started trading. I work as a chef fulltime, so the money isn't all that great...so it is hard to take substantial risks on the pinks and OTC...I guess from now on...considering your risk factors are very low...I may start piggy backing your trades if that is alright with you of course.
Just a word of advice, if you have the capital stick with nasdaq/amex small caps...and trade pinks/ob's that you are familiar with in terms of the company and the trading patterns.
Ditto. You are a good trader ST22...I have watched many of your plays and you are very well trained in these matters and I think people here that don't give you the respect you deserve should think again..and follow your leads. I know I have, even though i haven't invested in most of them, I definately think I should start. JMO of course.
I appreciate it. I've been around here for a while, and I think people are just starting to catch on that even though I'm not perfect in my trading, I often have very low risk/high reward stocks that I invest in. I was a heavy penny trader, and made tons of money off of SLJB just to lose it on CSHD...but I have learned many lessons of dilution, corruption, lack of promises, false PR's, etc from these OB's and pinks. I do still trade pinks and OB's but on a lot smaller frequency, and only on ones Im very confident in. Sometimes for a quick daytrade Ill throw some $$ in for the hell of it if im bored. But pay attention to the hot stocks free for all section, thats where I put most of my picks. I'm not here to brag but out of my nasdaq/amex/otcbb stocks lately, I'd say 75% or more have been winners. [/QB][/QUOTE]
No sweat...I don't have much capital unfortunately but I do love this game. I wanted to pick up where a buddy of mine left off after he died in the 911 attacks when he was working for Cantor Fitz. We used to play music together in New Orleans back in the 90's...unfortunately I didn't find out till just recently...so I put down my gig bag..settled down with my girl and started trading. I work as a chef fulltime, so the money isn't all that great...so it is hard to take substantial risks on the pinks and OTC...I guess from now on...considering your risk factors are very low...I may start piggy backing your trades if that is alright with you of course. [/QB][/QUOTE]
of course, i put picks here so we can all make money, but remember to read my disclaimer, this is for entertainment purposes, im not your stock broker...PM me on ones that interest you.
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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