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Last Post: 5/24/2016 12:28:54 PM - Followers: 26 - Board type: Free - Posts Today: 0
Jacobs & Company
300 Summers Street
Suite 970
Charleston, WV 25301

Telephone: (304) 342-3535
Fax: (304) 342-9726
Mutual Fund Telephone: (877) 560-6823

John M. Jacobs: President and Principal Portfolio Manager

Robert J. Kenney: Vice President and Assistant Portfolio Manager

Acquisition 8-K filed 12-6-07...


On December 3, 2007, the Registrant entered into an agreement (the "December 3 Agreement") with National Indemnity Company ("National Indemnity") to purchase all of the outstanding shares of Unione Italiana Insurance Company of America ("Unione") for a purchase price of $2.75 million plus the surplus of Unione on the date of closing (the "Acquisition"). Unione is a New York corporation with insurance licenses in 26 states. Except for the December 3 Agreement, Registrant has no contractual or other relationship with National Indemnity or Unione.

Prior to closing, Unione will seek to obtain a Certificate of Authority from the Commonwealth of Kentucky and a listing as an Authorized Surety on Federal Bonds, and National Indemnity will enter into a reinsurance agreement with Unione under which National Indemnity will reinsure all liabilities of Unione under contracts of insurance and reinsurance arising prior to closing. Among other conditions, closing is subject to applicable regulatory approvals, including approval by the New York Superintendent of Insurance. Either party may terminate the December 3 Agreement if closing does not take place on or prior to June 30, 2008.

The parties contemplate entering into a definitive stock purchase agreement with respect to the Acquisition that will supersede their December 3 Agreement. A copy of the December 3 Agreement is included in this Current Report on Form 8-K as Exhibit 10.1. The foregoing summary of the December 3 Agreement is qualified in all respects by the copy of the December 3 Agreement attached hereto, which is incorporated herein by reference.

Acquisition 8-K filed 12-18-07...


On December 14, 2007, the Registrant entered into an agreement (the "December 14 Agreement") with Reclamation Surety Holding Company, Inc. ("RSH") to acquire by merger (the "Merger") all of the business and assets of RSH, including the stock of RSH's subsidiaries, Cumberland Surety, Inc. ("Cumberland") and NewBridge Services, Inc. ("NewBridge"), for a purchase price of $3,400,000, less certain indebtedness of RSH (the "Merger Consideration"). The Merger Consideration is payable in stock of the Registrant or, at the election of certain non-employee shareholders, cash. Currently, NewBridge performs certain surety underwriting services for a subsidiary of Registrant, First Surety Corporation.

Among other conditions, closing is subject to, and will take place following, the closing by the Registrant of an equity financing. Either party may terminate the December 14 Agreement if closing does not take place on or prior to June 30, 2008.

The parties contemplate entering into a definitive agreement with respect to the Merger that will supersede their December 14 Agreement. Upon the execution of the definitive agreement, the Registrant has agreed to make a nonrefundable deposit of $50,000 for the benefit of the RSH shareholders, which amount will be applied toward the Merger Consideration at closing.

link to all filings:

Common shares outstanding per 10-Q's...

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date:

157,122,836 common shares as of October 12, 2007.

156,997,837 common shares as of April 2, 2007.

156,897,836 common shares as of January 5, 2007.

156,437,837 common shares as of October 13, 2006.

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Current Price
Bid Ask Day's Range
#752   JFGI ready to run. website looks amazing funnyG986 05/24/16 12:28:54 PM
#751   JFGi moving today! HallaDurg 05/24/16 12:19:30 PM
#750   Adding some .003s JFGI will have its day. HallaDurg 11/04/15 10:49:01 AM
#749   Surprised not to see more volume, we should HallaDurg 08/17/15 02:10:59 PM
#748   yeah, JFGI very positive news to me. Considering funnyG986 08/17/15 12:38:51 PM
#747   JFGI Merger HDOGTX 08/17/15 12:36:28 PM
#746   JFGI very positive 8K imo. funnyG986 08/17/15 12:19:04 PM
#745   JFGI likes to run to .02 HallaDurg 08/17/15 12:17:53 PM
#744   JFGI 0.0048 8K OUT funnyG986 08/17/15 12:16:08 PM
#743   JFGI .0036 due for a damn bounce! HallaDurg 07/29/15 11:31:37 AM
#742   Thoughts on 10K? 2 MIL market cap VS HallaDurg 01/17/15 02:42:48 AM
#741   Thoughts on JFGI 10K ChitownMike? HallaDurg 01/17/15 02:41:13 AM
#740   Is it finally alive....? Doc18 01/16/15 07:33:45 PM
#739   10K Out - JFGI HUGELY UNDERAVLUED HallaDurg 01/16/15 05:35:51 PM
#738   Did you see the news on JFGI???? Jahvik 10/20/14 01:55:46 PM
#737   Some poor guy just bought a mil at 5!! Jahvik 09/17/14 10:04:05 AM
#736   Def need some patiece Jahvik 08/25/14 04:42:55 PM
#735   Patiently waiting and adding what's given. When news Fugu 08/21/14 01:53:51 PM
#734   It'll be quite until news hits ChitownMike 08/05/14 02:02:55 PM
#733   Sure got quiet here, bid still holding. Hopefully Sobek 08/05/14 01:57:17 PM
#732   This is why I originally got in. From ChitownMike 08/03/14 11:44:02 AM
#731   Great point. Nobody in a rush to sell. ChitownMike 08/03/14 11:36:28 AM
#730   Oh yeah, I remember the millions of shares Sobek 08/03/14 11:07:54 AM
#729   Also was encouraging to see that 1mil bid HallaDurg 08/02/14 10:54:31 PM
#728   Two things we know; they are getting current ChitownMike 08/02/14 10:18:54 PM
#727   Excellent point. They mention working with AXA ( Sobek 08/02/14 10:12:27 PM
#726   Merger. No way you're going through all that ChitownMike 08/02/14 09:47:56 PM
#725   The first 8-K sounds like JFGI fired their Sobek 08/02/14 09:42:16 PM
#724   I think you're right ChitownMike 08/02/14 06:39:21 PM
#723   Looks like company catching up the filings to Sobek 08/02/14 06:08:15 PM
#722   Nice! Anything good? ChitownMike 08/01/14 11:40:56 AM
#721   JFGI - 8-K's Out! Chrion Capital 08/01/14 11:39:57 AM
#720   8k just droped Traderlife 08/01/14 09:48:59 AM
#719   News or someone(s) trying to load IMO ChitownMike 08/01/14 09:43:27 AM
#718   Heavy volume this morning whats up? JFGI HallaDurg 08/01/14 09:38:18 AM
#717   Ouch it is!..thin both ways..down now..up tommorrow..lets see. Nadendla 07/31/14 12:45:43 AM
#716   Ouch. 28s?!? HallaDurg 07/29/14 01:19:23 AM
#715   Rookie move wacking the bid when there is Jahvik 07/24/14 10:41:45 AM
#714   JFGI - Yep!!! Will be rocking in No Time! Chrion Capital 07/22/14 10:56:55 AM
#713   PR will hit when least expected ..Multiple pennies Nadendla 07/22/14 10:05:57 AM
#712   JFGI - Yep Agreed. Once a PR HITS. Chrion Capital 07/22/14 07:28:50 AM
#711   Shows that..Selling is totally dried..and when that happens..Buying Nadendla 07/17/14 10:00:54 PM
#710   Back to zero volume Jahvik 07/17/14 02:02:17 PM
#709   Recent news will be followed by more news..the Nadendla 07/16/14 11:22:09 PM
#708   JFGI: Level 2 Screenshot - Big Bidder at .009 Chrion Capital 07/16/14 03:29:45 PM
#707   Nice sized bid at .009 Jahvik 07/16/14 03:18:19 PM
#706   Okey-dokey Jahvik 07/16/14 02:56:10 PM
#705   Agreed. ChitownMike 07/16/14 02:55:05 PM
#704   Yup..Bidding already started and pretty soon the asks Nadendla 07/16/14 02:54:21 PM
#703   what did not make sense is ..when somebody Nadendla 07/16/14 02:52:55 PM