posted
Posted by: Allinxxl1968 In reply to: ratso1 who wrote msg# 40313 Date:5/14/2007 9:53:44 AM Post #of 40328
I got the same e mail whats the big deal?
cashnowcorp*cashnow.com wrote:
Hi XXXXXXXXXXXX;
We have a new writer on staff and he was told to write a standard “boiler plate PR” that companies issue when they complete the 504 financing. On his own accord he decided to change a few words which just came to our attention now. In summary a 504 rule financing means that the company issues restricted stock that accredited investors can turn into free trading after a certain period of time which they must hold their stock and they must register the stock in their state and only sell it in their state. If you go to the SEC site it explains in detail the process etc. I know the writer wrote "In order to properly fund much of our expansion into new financial products and services, we sold shares under this rule of exemption," . This is not correct. 504 stock can not be sold by the company as there are rules who can buy 504 stock. I know the bashers must be just having one hell of a good time with this one, but we can not do a retraction as eventually this 504 stock will become free trading. The financeers assure us that they are still holding on to that stock as longs.
Lastly, the downward pressure on the stock this past week is not because of this 504 financing. It has come to our attention that it is a large shareholder that has assigned their stock to some quasi hedge fund.
I will ask Garr to post this in the TOWN HALL for everyone’s reference
posted
If this goes to 4cents; I can afford a Mansion in Miami ; ( Nothing wrong in dreaming ) .... Else my few thousand dollars are going to Hell ( not a big deal! )
-------------------- Investment Is Important, but Knowing where to make an Investment in your life makes all Difference
IP: Logged |
posted
looks like eturd is holding at 6. good call on brge kermit~ don't think i'll miss them. ubss must have something besides 1k at .0007 sup wit dat?
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
IP: Logged |
posted
News for 'EFGO' - (Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Listing on the Frankfurt Exchange)
LAS VEGAS, NV, May 15, 2007 /PRNewswire-FirstCall via COMTEX/ -- EspritFinancialGroup Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce that it has obtained its listing on the Frankfurt Exchange. TheCompanyhas been given the ISIN number: US29666R1041 and is trading under the ticker symbol GZW.The move will allow the Company to broaden its base of shareholders by reachingtothe international investment community. Cross-border listing is a proven andeffectivevehicle for increasing demand by overseas retail investors, who currently invest in U.S. equities. In addition, there are very favorable taxlawsfor German investors who invest their own currency and hold securities longer than twelve months.With the continuing expansion of Esprit's field of operations taking on a veryinternationalperspective, this presence will work in a synergistic manner with our anticipated growth in sales from international markets.The Company will be engaging European based Investor Relations professionalswithlocal market experience in promoting awareness of small and micro-cap businesses. Esprit CEO Garr Winters advised, "Our intent is to build the depthofour shareholder base. The best resource for the task is a company with a proven track record building awareness for small and micro-cap clients with duallistingsin the U.S. and Europe. Our financial advisors for the European market have pulled together a short list for our evaluation, with the objective ofbuildingbuy-side demand."
In other Company news, Esprit will be releasing its financial statements todayduringtrading hours. Garr Winters noted, "We had planned to release our quarterlies this morning. However, there has been a slight delay due to someproceduralchanges recently instituted by the Pink Sheets."
About the Frankfurt ExchangeAccording to exchange data at their website, 45 percent of Europe's top 300companieshave their primary listing on the London or Frankfurt exchanges. The Frankfurt Stock Exchange (FWB) is by far the largest of the eight German stockexchanges.It ranks third in the world behind NYSE and NASDAQ. Since the launch of Xetra, its electronic trading platform, it has offered its clients not onlyfloortrading through brokers but also fully-electronic trading facilities, whereby orders from any point in the globe are automatically inputted into theorderbook on the central computer. The FWB was founded over four hundred years ago in 1585. The FWB is operated by Deutsche Borse AG.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 also operates www.cashnow.net, which generates leads of consumers looking forpaydayloans on behalf of our licensees. The company's proven business model comprises operations in the U.S. and Canadian markets as well as several foreignmarkets.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 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 reduce 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 Resolution: 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.
IP: Logged |
News for 'EFGO' - (Esprit Financial Group Inc. (Esprit) (EFGO.PK) Releases Financial Statements for 1st quarter 2007)
LAS VEGAS, May 15, 2007 /PRNewswire-FirstCall via COMTEX/ -- Esprit FinancialGroupInc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com released its quarterly financial statements today.The Company made significant progress in the last quarter of 2007, showing a netprofitof $2,753.00 versus a loss in the previous quarter of $168,409.00, an improvement of over $170,000.00. Income increased by 25% in the current quarter.The net profit includes $40,000.00 in accrued development costs. On an adjustedbasis,profit, excluding planned web development, would be $42,753.00, or about $.07 cents per 100k shares outstanding.With a commitment to running a lean operation, the monthly burn rate (operatingexpenses)has also been reduced by about 28%. Key savings have been achieved in rent & utilities and salaries, wages and benefits partially offset byoutsourcingwebsite development. The savings achieved are in excess of $70,000.00.Cash on hand increased by $523,307.00 from $342,208.00 to $865,515.00, due tocertainrecently announced financing activity and the sale of the Global-Vision company.Importantly, the current revenue run rate is adequate to maintain ongoing operations as an ongoing concern.Esprit CEO Garr Winters commented; "This is a first step for us, as we move theCompanyforward towards our goal of providing a diversified portfolio of Internet enabled financial products and services. The first quarter results donotinclude the revenue streams of any of our new divisions. We do not foresee a major impact on revenue immediately, but do anticipate gradual and significantgrowthof top-line revenue through the rest of the year as the new products and services go live and begin to ramp up to full operation. In short, we have a stable base, and envision continued long-term growth moving forward. Our strongcurrentasset position gives us the ability to execute on our long-term strategic plan without delays".Winters added; "We are currently putting some realistic numbers together on apragmaticbasis to generate revenue targets. This will require some serious analysis, as many of the contracts being developed can have a significant impactonoverall revenue. Realistically, we won't close every deal we're working on.Ourapproach will be to err on the side of caution. We hope to be able to provide more detailed guidance in the near future".The financial statements are available for download at the corporate website ontheTown Hall page http://espritfinancialgroup.com/Forum.html and are currentlyinthe queue to be posted to the Pink Sheets, where they should be publicly available shortly.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 also operates www.cashnow.net, which generates leads of consumers looking forpaydayloans on behalf of our licensees. The company's proven business model comprises operations in the U.S. and Canadian markets as well as several foreignmarkets.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 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 reduce 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 Resolution: 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.
IP: Logged |
posted
" The net profit includes $40,000.00 in accrued development costs. On an adjusted basis,profit, excluding planned web development, would be $42,753.00, or about $.07 cents per 100k shares outstanding." ----- thats .0000007 per share!! WOW! LOL!!!
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Eek!]](eek.gif)
![[Big Grin]](biggrin.gif)
