Surety Capital Corp. (fka SRYP)

[Renee]

SRYP: 1 - 1,500,000 R/S; shareholders with less than 49,815 pre-split shares will receive nothing; shareholders with more than 49,815 pre-split shares will receive $0.0001003716768 per share.

FINRA deleted symbol:

http://otce.finra.org/DLDeletions

[Moneylender2]

3RD QUARTER EARNINGS

Did you see the 3rd quarter report on Yahoo.com for SRYP?

[bargainhunter65]

I got out too. I can't see how a business that makes $15,000 per year needs 2 Billion shares. Judging from the PR I bet Delaware couldn't find a good reason either. That's why they have to re-incorporate in another state so as to allow them to make this foolish move. Obviously management has no clue on how to create value here. They're just grasping at straws.
This may be a good play to buy and sell on dips and bounces, but certainly not a long term play.
GL.

[ChitownMike]

Well done and thanks

[rosesarefree]

paid 0028 - more than a triple - good luck to you and all here -

[ChitownMike]

Bummer. Hope you sold green at least

[rosesarefree]

I sold my 30K at a penny today. I had not looked for news. It was moving and I sold. Hoping someone makes money from my sale. News from a company with a "Stop Sign". Nice.

[ChitownMike]

Yup. That's huge

[amadeus]

interesting news:

forwardsplit its stock 100for1

[bargainhunter65]

I think this business is done. Hitting new all time lows, No news from management. No more than a shell corp.

[bargainhunter65]

We are at .005
After the 100 - 1 forward split, we will be at .00005
Is this even possible?

[bargainhunter65]

Wow, a whole $2.00 in volume. I'm still waiting to see how a 100-1 forward split will improve shareholder value. Management has not explained the reason for this split.
Makes no sense.

[bargainhunter65]

I think we just saw it today. A $2,000.00 blip before heading to rock bottom. I don't think we will see the share price at this level again.

[kranthikumar]

SRYP is looking great at this level

[DDHOUND]

Have you ever seen the power of a well executed forward split?

[bargainhunter65]

For the life of me, I can not understand what management is thinking. 100 - 1 forward split? There will be 1.6 billion shares outstanding. Apple only has half the outstanding shares and has billions in revenue. SRYP has hardly any revenue.
With 1.6 billion shares SRYP will never go above a penny per share. Next stop .00005. How low can you go?
SRYP should have stated a reason for the split in their PR.
This does not make any sense.

[bargainhunter65]

News is out.

FORT WORTH, TX--(Marketwired - Nov 19, 2013) - Surety Capital Corp. (OTC Pink: SRYP) announces its third quarter ended September 30, 2013 financial results. Surety's Chairman of the Board and CEO Ralph Mendoza stated, "Surety's net income for the quarter was $6,430 a 41% decrease over the same quarter ended September 30, 2012. Surety's gross volume for the nine months is slightly ahead of 2012." Mendoza further stated, "The reason for the decrease in net income is due to hiring salesmen who have yet to reach their potential. We are also pursuing the cemetery and non-Hispanic funeral homes. This is our investment in growing the company and we should realize results within six months. This is the eleventh quarter in a row that Surety has had a net income from its ordinary business operations."

Surety finalized the acquisition of Herrera Financial Company's customer list, web-site, systems and name as of December 31, 2010. Herrera Financial is a leading funeral insurance assignment company operating throughout the United States. Veronica Herrera, the Fort Worth 2012 Hispanic Entrepreneur of the year, established Herrera Financial in 2007 to provide insurance assignment financing primarily for Hispanic funeral homes.

CEO, Chairman Mendoza stated, "The Board of Directors at its meeting voted subject to shareholders' approval that Surety change domiciles to the State of Texas from Delaware and split its stock 100 to 1." There will be a shareholders' meeting but the Board of Directors directly and/or indirectly control more than 50% of the shareholders' votes. Surety Capital Corporation only has 16,520,973 shares outstanding out of an authorized 20,000,000 shares. After the split there will be 1,652,097,300 shares outstanding and 2,000,000,000 shares authorized.

For more details concerning our financial statements, reports and the "Financing Friends Reward Program," please contact either Ralph Mendoza or Dick Abrams at 817.850.9800 or [e-mail].

Market Statement: Some limited information about Surety is contained on the OTC Markets OTCPink website; however the Company does not file reports with the Securities and Exchange Commission or otherwise make current financial or other information publicly available. With a lack of current public information available, anyone considering purchasing or selling the Company shares should carefully consider the risks involved with the lack of having such information.

Forward-Looking Statement
This release contains forward-looking statements that reflect Surety's plans and expectations. In this press release and related comments by Company management, words like "hope," "profit," "leading," "opportunity," "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.

[bargainhunter65]

Wow, six month with no updates. this company is so secretive. They don't even keep their shareholders informed of their progress. Or maybe their is no progress.
Could be a good time to find a new business model if nothing is happening.

[bargainhunter65]

Q2 should be out soon. It seems that the profit margins for their business model are very slim. they need to find a way to expand this business or find something new.
GL

[fourseasons]

Hmmm....16,320,973 shares outstanding.....

Q1 2013 net income was $12,005 ($0.001 per share) a 19.6% increase over the same quarter ended March 31, 2012.....

"Our acquisition of Herrera Financial Company has proven to be very successful."

Can things get much worse????

Will they ever get better????

For anyone besides Richard and Ralph that is...

[bargainhunter65]

New quarterly update should be out soon?

[bargainhunter65]

News Is finally out!!!
Keep it coming.

FORT WORTH, Texas, May 8, 2013 /PRNewswire/ -- Surety Capital Corp. (SRYP.PK) announces its first quarter ended March 31, 2013 financial results. Surety's Chairman of the Board and CEO Ralph Mendoza stated, "Surety's net income for the quarter was $12,005 ($0.001 per share) a 19.6% increase over the same quarter ended March 31, 2012. This is the ninth quarter in a row that Surety has had a net income from its ordinary business operations and had an increase in its quarterly net income. Our acquisition of Herrera Financial Company has proven to be very successful."

Surety finalized the acquisition of Herrera Financial Company's customer list, web-site, systems and name as of December 31, 2010. Herrera Financial is a leading funeral insurance assignment company operating throughout the United States. Veronica Herrera, the Fort Worth 2012 Hispanic Entrepreneur of the year, established Herrera Financial in 2007 to provide insurance assignment financing primarily for Hispanic funeral homes.

CEO, Chairman Mendoza stated, "Surety has heavily advertised its services to the Latino funeral homes and cemeteries during the quarter and has hired a full time sales person to increase its business." Mendoza further stated that, "Surety is looking into a possible acquisition in the near future."

Surety Capital Corporation only has 16,320,973 shares outstanding.

[bargainhunter65]

this must be wallstreets best kept secret. A profitable company that does not tell anyone.

[Moneylender2]

We are in business and profitable. We mailed information to our shareholders several months ago and intend to have a press release when 1st quarter earnings are available, sometime in April.

[bargainhunter65]

WOW, a whole 100 shares traded today. Does anyone know if this company is still in business? There has been no news for almost a year now.

[bargainhunter65]

Todays drop in price validates the need for this company to keep the public more infomed of its progress. As long as SRYP remains quiet; I would expect the price to continue to fall.
GL.

[Moneylender2]

Then you should get a copy of the letter sent to shareholders and that should help you.

[bargainhunter65]

As a non-shareholder and potential investor; this does not help me or other potential investors at all.

[Moneylender2]

PLUS IT COST ALMOST $5,000. PER YEAR TO JOIN THE OTC TO GET A YIELD SIGN. NOT WORTH THE MONEY.

[Moneylender2]

FINANCIAL INFORMATION WAS SENT DIRECTLY TO ALL SHAREHOLDERS WITHIN THE PAST 2 WEEKS.

[bargainhunter65]

Well the stop sign is back at OTC Markets. Silence is never good. We are way overdue for an update from the company.

[Pennybuster]

yes it very rarely gets attention.

[otcbargains]

Profitable annual report posted. Looks like this one doesn't get much attention.

[Pennybuster]

solid news here,

[jebbatch]

news !! Surety Capital Corp. Announces 2011 Second Quarter Earnings

[DHANA]

going by their actions since takeover of this post bk shell, this company may never put market friendly pr's and pump their stock. any pink sheet company in such a situation might have made otc current status, released some pumped up pr's and made some working capital by selling some shares. but SRYP never did that.

we have to wait until their business succeed and they make filings, 8-k's , qty and annual filings. so the bet here is buy now when the pps is low and wait for long term capital gains.

[bargainhunter4]

Not much volume.
I'm going to hold off on buying until they decide what they are going to do in regard to the reverse split statement in there last filing.
gl

[DHANA]

SRYP didn't PR'd the last two and important news/filings through major news wires. Also they intend to keep number of shareholders below 300. these two facts are enough proof that they don't want to pump up their stock by paid promotion or by other means. any penny/pink sheet stock with low share structure that doesn't pump and and dump the shares will become a good investment in long run.

[DHANA]

the most important thing here is that SRYP did not increase the AS and officers etc were all given shares (100k each) already. possibility of dilution is nil. any possible minor RS to eliminate the minor shareholders may not affect the common shareholders. i would prefer a "TENDER OFFER" than even a minor RS, thou.

[DHANA]

eliminating people owning 1 to 500 shares, 500 shares at today's pps of o.o4 works out to just $20, so they may offer cash for them. they may not effect RS, even if they do, it will affect everyone, including the directors who were issued just 100k shares. what they might do is
-pay cash for those holding less than 500 (OR)
-effect an RS and then later after sometime effect a FS

[bargainhunter4]

The only thing that is a bit concerning to me was the following statement from this filing. I sounds like they may be considering a reverse split.

Other than as described in response to Item 8 above, SR'{P docs not anticipate any stock splits, dividends, mergers, acquisitions, spin offs or reorganizations. It has considered the possibility of eliminating many of its small shareholders (people owning 1 to 500 shares) through several means including, reverse stock split and tender offer. No decision has been reached regarding if, when or how such reduction of shareholders will occur The purpose of any such action would be to bring the number of SRYP shareholders below 300.[/b]

[DHANA]

'CPM', did you see today's filing by SRYP?
I went through it and found good. its unfortunate that there is no buying.

This looks really a good stock to own for long time benefits. they maintained the AS at 20m, the OS and Float numbers are great. The only bad thing is the company did not PR'd this and the earlier news through newswires.
penny stocks investors fall for pumped up stocks only. they don't see through.

[DHANA]

Share Structure
Market Value1 $489,629 a/o May 18, 2011
Shares Outstanding 16,320,973 a/o May 02, 2011
Float 7.2m a/o May 02, 2011
Authorized Shares 20,000,000 a/o May 02, 2011
Par Value 0.01
All officers hold 9.2m (56.11%)

immediate Abrams Family owns or controls directly or indirectly at least 8,396,317 shares.
SRYP has offered common stDck for services rendered during the past two years as follows:

Ralph Mendoza 100,000 shares
Marcus J'vIarsden, Jr. 100,000 shares
Tim Rasa 100,000 shares Julie
Martinez Abrams 100,000 shares
The stock issued to each person above was for their becoming a director ofSRYP.
(100,000 shares in todays price of 0.03 is just $3000. How much is Two years of their service is worth?)

Veronica Herrera was issued 100,000 shares in exchange for an employment agreement she executed with SRYP) to operate HFC.

Stock issued to RNAT
Richard N. Abrams Trust ("RNAT") was issued 3,000,000 shares for its sale to SRYP of Herrera Financial Company's name, customer's list, trade secrets, sales literature, procedures, website, www.herreratlnanciaI.net. goodwill and a $400,000 line of credit. (If we fix a price for all these at say $1m, then the shares are worth $33.33)

[DHANA]

SRYP HUGE NEWS/OTC FILING TODAY

May 31, 2011 Quarterly Report - SURETY FINANCIAL DATA FOR THE QUARTER ENDED MARCH 31, 2011

http://www.otcmarkets.com/stock/SRYP/financials

Qtr fin 03-31-2011
------------------------------------
-has line of credit $400,000

AS 20m
OS 16.4m
F 7.2m

All officers hold 9.2m (56.11%)

immediate Abrams Family owns or controls directly or indirectly at least 8,396,317 shares.

[bargainhunter4]

Thank you DHANA,
Their reply did not have much substance.
I hope that they can better explain the incentive plan that they are offering. It seems a bit silly to give away a few cents worth of shares to attack more customers.
In addition, they need to become current with the financials and remove the stop sign from OTC market.
This will attract more investors.
gl.

[DHANA]

see below my mail to the company and the reply i got from them:

From: DHANABAL ATHUNAMPILLAI [mailto:[e-mail]]
Sent: Thursday, May 19, 2011 9:25 AM
To: [e-mail]
Subject: SRYP Shareholder



Dick,

I am a shareholder of SRYP and would like to congratulate you and your team for your great work. Today's news about the “Friends Reward Program” is awesome. However it did not hit major news wires. It looks like you just made the postings in otcmarkets. Can you please make sure this great news hits all major newswires? Also can you please let me know when the company intends to file the financials, 10-Q and 8-K's.

Thank you

--
Dhanabal

reply from the company:

On Thu, May 19, 2011 at 9:37 AM, Dick Abrams <[e-mail]> wrote:

We are working on it.

Thanks

Dick Abrams

817.850.9800 x 140

817.732.4445 fax

817.675.7000 cell

[bargainhunter4]

Do you know if they are planning to bring their financials current?

[DHANA]

may be the company is valuating the shares at much higher pps. if you consider the company operates on a 10% margin and they offer a 5% cash back on the margin which comes about 0.5% of the sales procedds and in that case the pps comes about a (0.005*5000=25). we need to wait for their complete filing.

[bargainhunter4]

I am wanting to understand this proposal.
If I were to do $50,000.00 worth of business with SRYP; they would give me 10 shares of stock that is worth about .20 cents. In addition, these shares are restricted and can not be sold for at least one year.
Is this correct?
If so, I do not see what is so positive about this concept.
Please help me understand.
Thank you.

[DHANA]

today i mailed to [e-mail] and got a reply from Dick immediately. He said that they are working on the filings as of now.

looks like a new website sryp.net is under construction. Go SRYP

http://dnstree.com/net/sryp/

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