$EBIG Issues Second PR In 2 Days!
July 27th, 2010 at 9:29 am Posted by The Dean
If you’ve been coming to class, and have been paying particular attention to The Dean’s fifth-ever Ivy League Stock Pick, Eastbridge Investment Group (OTC: EBIG), you’d know the company’s client, AREM Pacific Corp. signed a definitive agreement to acquire AlloyTec, a yacht builder, yesterday.
This morning, however, $EBIG announced even bigger news. $EBIG‘s client, Wonder Education Group, has filed an amended registration statement with the SEC.
The company’s Chairman, Mr. Xie Chungui, commented, “We anticipate clearance from the SEC in the near future and will quickly complete the application process to list on a U.S. stock exchange.”
This means that one of $EBIG‘s many clients could become a public company soon! The Dean believes this is a big event for both $EBIG and their client, Wonder Education Group, especially because $EBIG typically has 10% to 25% stock ownership of their client companies.
When the client company goes public, and $EBIG cashes in, shareholders of record would receive a dividend. In the case of Wonder Education Group, $EBIG shareholders as of July 31, 2009, would be entitled to receive such a dividend.
$EBIG has more than half a dozen other clients making their way to become publicly traded companies in the U.S. Although the first ship may have sailed a year ago, The Dean thinks there’s plenty of luxury yachts left to be built by $EBIG.
Read more about $EBIG‘s Massive Market Potential HERE.
Disclosure: The Dean has been compensated 300,000 restricted shares by Eastbridge Investment Group Corp (EBIG) to provide communication services for the company. These shares cannot be sold until January 2, 2011.
