The only real positive out of the call today was the fact that we got the news that Tsinga is a couple weeks away from being traded. Wonder, I guess we keep wondering? As far as "Stray"Arroy, the name speaks for itself - a great idea in a great market, but they have zero revenues in 2009 and potentially some in 2010. That is not going to get any investors excited at this point in its start up phase. Overall, I am still long and strong. GLTA.
I thought it was a little strange having Stray Arrow on the conference call.I say this because it appears they are just a start up company with out much (if any) revenue.I also liked the CEO's enthusiasm but most investors are looking for revenue and profit numbers that they didn't have. Would have rather had Wonder or Tsingas CEO's updating on their bussiness's as to this will be where EBIG's real value comes from in the near future. It was good to hear that some news on Tsinga should be out within a week or two though.It has been a long wait to get to this point but I believe it will be worth it in the end. I missed part of the call do to the conference call issues with the phone but this is what I got out of it.
1.Wonder still waiting on sec and they do not have a timeline on when sec will decide. 2. Should have some news on Tsinga within a week or two. 3.Stray Arrow will be listed on otc.bb through ipo not reverse merger. They have no revenue for 2009 and may have some by end of 2010. EBIG will have a 12.5% stake in Stray Arrow and will give EBIG shareholders a div. from it. They compete for a market share of about $25 billion but could not say what % of the market they expected to get.( said it would be based on the amount of money they would be able to raise to invest) Expect this market share to increase to $200 billion by 2015.Said that the business was in Chinas high end market where there are more millionaires than anywhere else in the world and increasing daily. Made it seem like there was not alot of if any competion in some of the services they offer. 4.EBIG said they are working on new web site as we speak and should be done within a month.