quote:Originally posted by madmoney: " 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!!!
sticking it out there like a big fat sore thumb shows that they have a clue of where their goals should be imo. I literally rolled my eyes good to see an improvement but with this share structure they have to know what they're up against.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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FWIW, that's a typo. The math shows .07 per 10K, not per 100K
Either way, what matters is they are already in the black when their revenue streams have barely begin to flow. They will be pulling in millions by the next 1st Q (of course, they won't be pink by then so the "stinky pinky" rule will not have been broken).
P.S. to BooDog: I bet those .0004's are looking pretty good right about now.
-------------------- Me Trade Pretty One Day.
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quote:Originally posted by kermit42: FWIW, that's a typo. The math shows .07 per 10K, not per 100K
Either way, what matters is they are already in the black when their revenue streams have barely begin to flow. They will be pulling in millions by the next 1st Q (of course, they won't be pink by then so the "stinky pinky" rule will not have been broken).
P.S. to BooDog: I bet those .0004's are looking pretty good right about now.
checked that math, could be a typo allright, so the earnings per share would jump to .000007 not .0000007 LOL!! I cant beleive this is a serious play! you guys GOTTA KNOW the ONLY way this will EVER get off the pinks OR reduce the O/S is to R/S the stock!. it`s a no brainer! an R/S is comming, just a matter of time! it may run or it may not but it WILL R/S sooner or later!!! dont get caught holding the bag! GLTA!!
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Thanks for the stock tip mad. lol Whether this is a POS or the greatest thing since sliced bread is really irrelivent to me, all that matters is that I make money and that is what I plan on doing with stock AGAIN. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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Esprit Financial Group, Inc. (EFGO) Announces Plans To Meet Pink Sheets Disclosure Categorization Thursday May 17, 6:00 am ET
LAS VEGAS, May 17 /PRNewswire-FirstCall/ - Esprit Financial Group, Inc. (PINK SHEETS:EFGO.PK - News) announced today that it has begun the process of becoming a Pink Sheets Disclosure Categorization compliant company which Pink Sheets is scheduled to begin in August 2007 http://www.pinksheets.com/about/pr_042407.jsp ADVERTISEMENT
"Esprit management sees this as an opportunity to allow it to have a greater investor audience, further its strategic goals and enhance shareholder value," says Garr Winters, CEO of Esprit. "We have the infrastructure in place to make this move and I believe it is an important step for us to take as we begin to execute the early phase of our strategic business plan. Pink Sheets has instituted this disclosure categorization policy and we want EFGO to be one of the first companies to meet these guidelines. Our legal department has already began compiling relevant data that we will upload to the pink sheet site as soon as it is compiled well ahead of the August 2007 deadline so that this information will be made available to the public and our shareholders."
Esprit has always desired to remain fully reporting, although past circumstance made this impossible with the business interuptions in 2005. The Company has subsequently taken extraordinary steps to remain transaparent in its activities to ensure shareholders and other stakeholders were well informed of the Company's activities.
As Esprit continues to roll-out its new international financial service products, particularly in the Advanced Electronics Funds Management and Forex Trading divisions, Esprit will increase its profile within the financial community, both for financial services as well as retail investors. Becoming fully compliant will reinforce the Company's credibility and enhance its reputation.
This immediate initiative is a first step as far as becoming fully reporting and participating in the top tier of the Pink Sheets OTC market.
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This is wierd... back to 0004x0005 like clockwork, then 0006x0007 a few minutes later.. Maybe some great PR is coming.. Can't explain the jump on this one with no news.
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Out for half of my shares. Let the 500k ride. Hopefully we see this on yahoo finance, and it should go up a bit more. If not, back to 0004x0005 soon imo.
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News for 'EFGO' - (Esprit Financial Group, Inc. (Pinksheets: EFGO.Pk) Announces Agreement in Principle with International Express Payment Corp. Serving Over 20 Chinese Banking Institutions)
LAS VEGAS, NV, May 17, 2007 /PRNewswire-FirstCall via COMTEX/ -- EspritFinancialGroup, Inc. (PINK SHEETS:EFGO.PK) announced today that it has signed an Agreement in Principle with International Express Payment (Jiangxi) Corp.Espritis to provide advanced electronic funds management services (EM2) to Jiangxi's current customer base and its network of over 20 Chinese-based banks.Jiangxi operates a proprietary Chinese based "closed loop payment system" whichworkssimilar to a Paypal(TM) type online payment service. Jiangxi, currently has contractual agreements with 21 Chinese based banks, providinginternet-enabledpayment systems, on their proprietary closed loop payment system. This current closed loop payment system provides services restricted tomemberbanks and merchants whose customers subscribe to Jiangxi system. Currently, services are limited to electronic funds transfer within this closedloopsystem.
With this new Agreement, Esprit will greatly expand Jiangxi's service capabilityfroma 'closed loop' to an 'open loop' system that can access a much larger poolofinternational banks and financial institutions. Esprit's Advanced ElectronicFundsManagement products, particularly EM2 and prepaid branded credit and debit card products greatly add service capabilities in demand by Jiangxi's customers.WithEsprit's international financial services capabilities, clients will enjoy a competitive differential advantage versus other China-based 'closed loop'electronicpayment providers.
The agreement covers current clients as well as any additional banks that maycomeon-stream to the current closed loop payment system. The partial list of member banks includes: - Bank of China
- Bank of Beijing - Agricultural Bank of China
- ICBC - China Merchants Bank
- China Everbright Bank - Industrial Bank Co., Ltd
- China Construction BankThe agreement specifies that all revenue derived from this agreement will bespliton an equal 50%/50% basis between the two parties. Both parties have agreed that this joint project shall commence immediately on execution of theagreement.Forward looking revenue projections for this service shows possible revenue streams on a conservative outlook basis of about 3 million dollarsannuallyto an optimistic outlook of as much as 10 million dollars annually. The evergreen or recurring revenue stream may have a life cycle for as much as 7 to15years. We plan on posting our forward looking projections of this joint project in the Town Hall in the near future.Jack Chang, head of the AEFM division, has said "Esprit will deploy our proprietary EM2 money transfer system onto Jiangxi's existing 'closed loop'networkproviding a tremendous improvement in service capabilities. Existing Jiangxi customers will still enjoy all the benefits associated with the currentsystem,but will now have a greatly expanded number of payment and funds transfer capabilities on a truly international basis.Esprit CEO Garr Winters notes; "This is the first of many financial contractswhichwe anticipate signing as the Company moves forward. This demonstrates proof of concept regarding the capabilities of our new AEFM division headed byJackChang. Jiangxi has recognized that our capabilities are right at the leading edge of international funds management, and that there is more to begainedby working with us on a joint venture basis than by trying to build an open international funds network themselves".Winters added: "With the 2008 Olympics quickly approaching we realize that timeisof the essence. We see a huge opportunity and are eager to tap into this surge of new users. Our agreement calls for a rapid forward implementation oftheopen loop payment system. Jiangxi has confirmed to the Esprit management that the member banks will start actively promoting the EM2 open loop paymentsystemto their customers and Jiangxi will work with Esprit to market these new service capabilities to Jiangxi's installed customer base.About International Express Payment (Jiangxi) Corp.
Jiangxi is the leading online payment platform in China. Owned and operated byInternationalExpress Payment Corporation, it utilizes and integrates the world leading online technology and banking facilities. 21 major banks in China havesignedpayment agreements with Jiangxi. The company is dedicated to providing secure and efficient customer services for online payment transaction and hasestablishedoperational strategic partnerships with these financial institutions offering online payment services. Jiangxi services currently cover over 2.7billiondomestic and international bank cards.
About Esprit Financial Group Inc.Esprit Financial Group Inc, is a public company engaged in a diversified numberofonline 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 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 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.
Safe Harbor StatementInformation in this press release may contain 'forward-looking statements.'Statementsdescribing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, includingthefinancial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated.Forward-lookingstatements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Actof1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to theabilityto close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels ofcompetition,technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodicreportsfiled with the regulatory authorities.
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Well went back to 0004x0005 after better than expected earnings (I don't think anyone expected profit) so it wouldn't surprise me for this to head back down next few days, but maybe this jump sticks. Hoping for the best.
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If this doens't run like wildfire in the next few days, then there's massive shorting or dilution going on. Even with this share structure, EFGO has no business being a triple zero stock.
-------------------- Me Trade Pretty One Day.
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Just got back in to see this information. It is posted on TDA. Quite the nice way to end the day. I wish I would have bought more at 5. Oh well. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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Does anyone know where to find the information on afterhour trades? ie. the letter codes that are printed along with the trades that occur afterhours. There were several trades with EFGO that had an 'F' after the trades. Any help would be appreciated. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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"F" = Filtered (probable error) ???? --- "T" = After hours trade whose high, low, and last sale are not used in updating trade history, though volume may be. ??? --- I have a " T(f) " legend after those trades. see above definitions from Etrade
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good to see an improvement but with this share structure they have to know what they're up against.
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Wish i would have caught this back at .0001!!
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Maybe this is finally on it's way to the moon, or at least the 2nd floor ;-)
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