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egX Group is developing the egX, a global securities marketplace designed for the listing and trading of real estate securities and related financial products.

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Message: Re: When do you think the first trade on egX Canada will take place?

Jan 03, 2008 07:27AM

thanks for the honest reply. As for your assertion that I was insulting, well, you may have taken it as such but that was not my intent - just an observation and my take on what has occurred. If you choose to be insulted by that well that's your perogative. I see the move away from the other site by the longs as leaving it in the hands of bashers who don't even own any shares. As anyone can see by your answers there is great reason for uncertainty and some fear as the sp is now well below what most paid for their shares and Leo apparently feels that it perfectly alright to stoke the fire by continuing to sell shares. As well, when I asked where the money would come from and you said "likely a large pp" but with the shares selling below .20 and falling what would the pp price be and how much dilution (plenty I bet) if they can get anyone to buy in at this point without some very convincing news and with the prospect of Leo continuing to sell lower than every last pp. The company answer was "Future operations are also dependent on the Company’s ability to raise sufficient capital in a timely fashion through share offerings, debt, or profitable operations to support current and future expenditures. " I'm feeling less confident and the lack of news and Leo's actions aren't helping. As you can see there are damn few answers for all those questions.


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