Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
JRIV added to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
JRIV: inactive security. FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
JRIV SEC Suspension because of questions regarding the adequacy and accuracy of information about the company.
https://www.sec.gov/litigation/suspensions/2021/34-91170.pdf
Order:
https://www.sec.gov/litigation/suspensions/2021/34-91170-o.pdf
Hi itsthebox1,
Did you ever find out the answer to your question? We have been trying to reach someone at the company but can't get a hold of anyone.
Any information you (or anyone) have about James River Holding would be appreciated.
Karen
Could of bought .06 and sold .10 maybe its a spiteful person doing that just to go against me.lol
Yes I am weary of touching a co that just goes dark. Could be 7 years 10 years or will be revoked before that time. Yeah I remember watching this the past long while and I remember a larger sized ask at .30 like 30k or more and never being touched. The bid just was at .06 or so and never really rose. For some reason I didnt like it bc didnt want to pay .30 bc no one else would either.
Yeah the company is now defunct, I guess this is essentially a shell now that will get liquidated with the other assets of the company. Probably be years before anything happens with this, if ever, might just be one of those that goes dark and is never heard from again.
The one good thing though is that very few shares were ever traded of this, if I recall correctly no more then a couple thousand, so it could be appealing to someone who wanted to utilize this again someday.
I had high hopes for this, it had real promise but got FUBAR-ed, especially after they lost the Walmart contract, personally I don't think I'd touch it now as your money will sit stagnate for ages IMO.
Im glad I read your post. Thought about buying some today when the ask finally lowered but now I can see this is a BK co.
Yeah what a complete disaster, I'm glad I never picked up any shares of this, I dodged a bullet there....phew.
Kiss of death - FORM 15
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
JAMES RIVER HOLDING CORPORATION
(Exact Name of Registrant as Specified in its Charter)
It's been disappointing to say the least. This is a real and promising company yet the lack of publicity and liquidity is absolutely killing it.
They obviously want it to start trading in the .30's, and they don't want to budge, however, problem is the few folks who know about it aren't willing to pay that.
Not that the company isn't worth it but again it all comes back to liquidity. If someone slapped the ask at .30 a year ago they would still be stuck in this today with no way out other than taking a huge haircut. There would be absolutely no way to even sell and get your initial investment back. There aren't many in the penny stock community willing to let their money sit in a totally & completely illiquid stock for years.
They need to let some shares go cheaper and just get it trading for now. Once folks get some shares in their hands then perhaps the word will slowly start spreading but something has to give.
Either hire an IR/PR company who knows how to get your company some exposure, let some shares go cheap and start getting on folks scanners or better yet....both....lol.
No idea, honestly I'm more concerned about the lack of liquidity here, there are Chinese scam companies and zombie tickers that get more volume then this.
They desperately need a PR firm that understands how to get the word out about this company, nothing too 'promotional' though.
Wonder what happened to the 4 acquisitions they had in the pipeline?
You know it's funny you always see people complain that there are no real or legit companies on the OTC or they can't find any that are real and I guess that's true to a degree.
However, whenever I do run across one that is 100% real and legit, like JRIV, they are usually illiquid and get little to no interest from investors.
JRIV needs a spark to get this trading or investors are not going to touch it, you would think just being real and legit would be enough but unfortunately it's not.
I'm not saying I think the company should run some sort of stock promotion, no way, that would only solve the liquidity issue in the short term after that no one would ever take it seriously again. However, it couldn't hurt for them to name drop their relationship with ....Walmart....in their next PR, that would surely get some folks attentions.
IMO management probably did not mention their Walmart contracts in PR's because they did not want to look like they were 'pumping' but JRIV desperately needs a break and that might provide it, I don't really see anything wrong with it.
Beyond the fact that this company has clients like Walmart and Tractor Supply Co this also has sort of an intangible factor of being an intensely religious owned company.
James River is essentially the Chick-fil-A of the asphalt/real estate industry, so I could potentially see this attracting many christian investors IMO.
Of course that's assuming the word ever even gets out on this one that is, right now it's ridiculously illiquid and that huge spread isn't helping matters any.
It's been almost a year since I've started following this one and we have had a grand total of what 25K shares traded total in that time, for a company who's clients include Walmart, Tractor Supply Co and Murphy USA. Might be time to start thinking about kicking Hanover Elite to the curb as they are not getting it done, not even close.........in fact it's a disgrace.
Getting bored waiting for this one to start trading, Barry needs to let a few go and get some action going. There is a lot of potential here, it's exceedingly difficult for penny stock companies to do business with Walmart and PaveCare is their go-to asphalt company for many of their locations, so the potential is there but it's just so incredibly illiquid. Granted a 1.5m float is tiny but this should still be seeing more activity then this.
They posted the presentation from the NIBA Investment Conference today, sounds like this company has a promising future. Four new acquisitions in the pipeline with $30M combined sales. PaveCare is already a top asphalt contractor for Walmart and Tractor Supply Co and Murphy USA are also interested in their services for their locations as well.
http://ir.jrholdings.com/presentations/view/64/niba-investment-conference
I have no shares here either, been on the bid for months but have not gotten anything as of yet, for that matter there has never been any real volume to speak either though, just a couple test buys here and there.
This is just starting out, it seems as though they want it to start in the .30's but they are going to have a hard time finding folks to slap the ask with such a massive spread.
Personally I think they should let some cheepies go to the early birds and get some action going on it...lol.
yep saw that.. interesting.. i wondered what would happen if the .35 ask was eaten
is it a deal (?)
we will see.
fwiw: i have no position here
More news out today, it sounds as though PaveCare just signed a big deal with Wally World.
http://app.efcg.net/uploads/advisory/JRIV_PAVECARE_June_12_2013.pdf
News Out, would be nice to see them let some shares go here and get this thing finally started trading.
http://app.efcg.net/pressrelease/NewsRelease.asp?NewsID=3178
The pcaob hit them hard. They laid off partners and closed their Chinese audit practice.
And very legit too IMO. I believe they were the first ones to expose the whole Chinese RM 'cooked book' scams a couple years back.
They're expensive.
According to the 8K filed Friday the company is now using MaloneBailey, LLP as their new accounting firm.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9343541
According to OTC Markets they are utilizing
Stan J.H. Lee, CPA
Auditor
2160 North Central Road
Suite 203
Fort Lee, NJ, 07024
619-623-7799
ONE TO WATCH – JAMES RIVER HOLDINGS CORPORATION (OTCQB: JRIV)
Hanover|Elite is pleased to introduce James River Holdings Corporation (OTCBB: JRIV), one of our valued, new clients. The attached fact sheet endeavors to provide greater insight and perspective on the Company's business plan centered on growing their portfolio of diversified, profitable, entrepreneurial businesses operating in mature markets.
Through strict financial discipline, rigorous analysis and valuation, and a refusal to overpay for acquisitions, James River's proven management team sets targets, monitors performance and concentrates on resource allocation and portfolio management to help optimize growth, profitability and shareholder value.
Current portfolio companies include Springfield Property Management, which owns and manages 217 residential rental properties in Missouri (96% occupancy) and provides turnkey property management solutions to other commercial and residential property owners; and PaveCare, a company specializing in commercial pavement repair and parking lot maintenance services, mainly to big-box retailers
To view the full fact sheet, please click on the link directly below; or to receive a complete investor kit on James River Holdings and/or to be added to the Company's email database, please contact Hanover|Elite at 407-585-1080 or via email at JRIV@hanoverelite.com. Thank you!
Please click on the link below to view:
http://app.efcg.net/uploads/advisory/James_River_Holdings_Corporation_Corporate_Fact_Sheet.pdf
James River Holdings Corporation
Headquartered in Springfield, Missouri, James River Holdings Corporation is a diversified holding company engaged in acquiring controlling interests in established companies operating high growth, entrepreneurial businesses in mature markets. Current portfolio companies include Springfield Property Management, which owns and manages 217 residential rental properties in Missouri and provides turnkey property management solutions to other commercial and residential property owners; and PaveCare, a company specializing in commercial pavement repair and parking lot maintenance services mainly to big-box retailers. For more information, please visit www.jrholdings.com.
For more information on James River Holdings Corporation please contact Hanover|Elite at 407-585-1080 or via email at JRIV@hanoverelite.com.
Professional Regards,
HANOVER|ELITE
407-585-1080
No not yet but I'll see if I can find out this week.
GM Bro
Any idea when this would start trading.
Thx
Thanks for the update, 10Q was out yesterday, really doesn't look too bad IMO, especially since they just started bringing in revenue from those 216($18M worth)residences they acquired.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8924646
I received a couple e-mails from the ceo...........the stock will trade right after the first of January!
I hear ya.......I watch the new board page to find up-starts and such, could be a great time to get into this one, not sure what will be the bid here when it does start trading, I'm sure it won't be at.0001 however! GLTY
Not really sure when it suppose to start trading, just found this one the other day so still haven't really done much DD or contacted the company yet, it's on my list to do eventually though.
I just called the company in regards to trading the stock......the guy I spoke to didn't know, he was a real estate guy. When is it expected to trade? TIA
Yeah your right according to his bio he has/had the most successful "We Buy Ugly Houses" franchise out of 300 franchises.
Though it does not trade now this could be an interesting one keep an eye on.
http://www.gsrealtors.com/about-us.php
http://www.jbarrywatts.com/biography.php
http://www.jbarrywatts.com/
http://www.linkedin.com/in/jbarrywatts
http://www.gigsalad.com/j_barry_watts_springfield
this looks very promising,the CEO is the same guy that owns the "We buy ugly houses franchises" With the way the real estate properties are depressed this could not be a better time for this one. SS is at about 50 million I believe........Might have to pick-up a small position!
On watch here after an interesting 8K
http://www.jrholdings.com/
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8853634
Followers
|
5
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
42
|
Created
|
11/15/12
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |