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.
I highly doubt he can produce anything. Once a liar, always a liar. I've provided INDISPUTABLE PROOF of his lies in my prior posts for all to see!
Actually yes, Trent was very forthcoming and answered many of my questions. I am in a hold and wait pattern for the time being to see if what he says he can produce. I will keep all updated as to my dealings and results with the company....
So did you call any of these liars, I mean Trent and the other management yet Ronda?
Wow, looks like someone is dumping....Anyone seen any nice shots of the Trent?
I most certainly will......
The only number I have tried calling is Tom Blake's number which is (310) 472-4656. Please note Josh Ingle's number that shows up on the latest PR which is (850) 542-6712. The number on their website http://www.concordisinc.com/Pages/Contact.aspx.html is (850) 460-7285.
Let me know what you find out.
Call Trent on his cell phone I am certain he would love to chat, do you have the number?
Nothing is happening with Concordis Group, they are a bunch of liars and fraudsters if you ask me. Not once has this company and Josh Ingle (josh.ingle@concordisgroup.com) ever responded to any of my emails with my questions and the only communication I ever had with Concordis was calling the former CEO Thomas Blake on a couple of occasions who seemed extremely frustrated with Concordis and admitted to me on the phone that management was way in over their head and that he was stepping down as CEO which he did and if you don't believe me refer to post # 1250 that happened way before the recent announcement of the new CEO hire Andrew Fine.
Changes coming to CNGI I hub board , should reflect what is happening more clearly....
Bouncing and Bashers CNGI Chart
CNGI never responds to my email inquiries. Terrible investor relations if you ask me!
From:
Sent: Monday, April 15, 2013 7:31 AM
To: josh.ingle@concordisgroup.com
Subject: RE: Question about today's PR
This is the 4th email that I have sent to you and once again no response. Does anyone answer any investor questions?
From:
Sent: Wednesday, April 10, 2013 12:21 PM
To: josh.ingle@concordisgroup.com
Subject: Question about today's PR
Good afternoon Josh,
Can you answer this simple question. Read this 2011 Concordis PR.
http://www.prnewswire.com/news-releases-test/concordis-group-inc-releases-the-terms-of-purchase-of-advance-underwriting-managers-llc-134667698.html
I notice that the projections for revenue mentioned were approximately 10 million in 2012.
Now let’s go to your 2012 Annual Report.
http://www.otcmarkets.com/financialReportViewer?symbol=CNGI&id=100865
The 2012 revenues are less than $75,000. What happened? This is no where even close to ten million.
BTW, whoever produced that report should have their eyes checked. Very unprofessional as you can’t even get the years right on this annual report. Did you notice the DECEMBER 31, 2012 and 2010 and FOR THE YEARS ENDED DECEMBER 31, 2011 and 2010 on the report ending Dec 31, 2012?
Investors deserve answers.
Malone Bailey LLP confirms they didn't produce the annual reports for Concordis Group as per email below. I was right, no auditor could produce that garbage that Concordis posted in their 2011 and 2012 annual reports listed on OTCMarkets.com.
In the 2011 annual report they couldn't add the liabilities correctly, in the 2012 annual report, they couldn't even write the correct years for which this report was for in the headings. Truly unprofessional and pathetic!
From: Steven Vertucci [mailto:SVertucci@malone-bailey.com]
Sent: Wednesday, April 10, 2013 12:00 PM
To:
Subject: RE: Can you confirm this please
Hi,
We are not associated with the financial statements for 2012 or 2011 that are posted on OTC Markets.
Best regards,
Steven Vertucci, CPA, Partner
10350 Richmond Ave Suite 800
Houston, TX 77042
o: 713.343.4221
c: 713.898.6505
f: 713.343.3421
www.MaloneBailey.com
From:
Sent: Wednesday, April 10, 2013 1:49 PM
To: John Malone
Cc: Allan Dulany; Steven Vertucci; George Qin; Jay Norris
Subject: Can you confirm this please
Good afternoon,
You are listed as the auditor for Concordis Group Inc. in many press releases (hired in Nov 2010) and on the OTCMarkets.com http://www.otcmarkets.com/stock/CNGI/company-info as well.
1) Is this information correct?
2) Did you prepare this annual report period ending Dec 31, 2012 posted on OTCMarkets.com http://www.otcmarkets.com/stock/CNGI/filings as no offense they are riddled with errors. Look at the headings. Not even the correct years are indicated in this report.
Any information would be greatly appreciated.
Thank you.
The liabilities don't add up in 2011 Annual Report either as per post # 1109 that I mentioned months ago. The 2011 Total Liabilities should have been $626,795 in this report. http://www.otcmarkets.com/financialReportViewer?symbol=CNGI&id=85862
At least they corrected these liabilities in the 2012 annual report with no notes of course.
No way any accountant/auditor prepared any of their financials! Would Malone Bailey LLP want to associate themselves with these annual reports and I'd never hire them as they are garbage!
Did you see the carelessness in this years annual report. http://www.otcmarkets.com/financialReportViewer?symbol=CNGI&id=100865 Look at the Heading on Page DECEMBER 31, 2012 and 2010 and on page 2 FOR THE YEARS ENDED DECEMBER 31, 2011 and 2010.
They must have been in a real hurry to produce these amazing results LOL. What a bunch of scammers!
Straight out of former CEOs mouth Trent Sommerville who is still part of this company as Chairman. The higher listing Trent mentions comes at about 1:30 in this interview http://smallcapvoice.com/blog/1-27-11-audio-interview-with-concordis-group-inc-pink-sheets-cngi/ and he states this higher listing would be completed approx. 4 weeks from date of this interview dated Jan 27, 2011 since auditors Malone Bailey were hired in Nov 2011 as per interview and this PR http://www.stockprofiler.us/News/471
Did you see the UNAUDITED financial report for 2012 that they filed on OTCMarkets.com http://www.otcmarkets.com/stock/CNGI/filings
No way any legitimate accountant/auditor produced that garbage in my opinion. Last report the liabilities didn't add up, this report, they can't even put the right years when they are cutting and pasting. The report says DECEMBER 31, 2012 and 2010.
What a joke!
Some more lies in PRs. This one is dated Feb 23, 2011. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2w.GQX8SDow
I'm still waiting for that S-1 registration form. BTW Malone Bailey was hired in January 2010 as per this PR. http://pressrelated.com/press-release-concordis-group-inc-hires-malone-bailey-llp-as-its-sec-audit-firm.html?prm=02&chm=1
Not to mention their website is laughable and links to those very old PRs like these ones don't even work and nothing of value been updated for years on this site http://www.concordisinc.com
For a good laugh listen to this interview dated January 27, 2011 too:
http://smallcapvoice.com/blog/1-27-11-audio-interview-with-concordis-group-inc-pink-sheets-cngi/
Read my posts # 1243 and 1244. I can't believe anything management tells me anymore and I have sold my position.
Where are those 10 million is sales that they mentioned in that acquisition PR? Have you seen the 2012 annual report? The revenues for 2012 were a dismal $74,724. Management has also promised audited financials for over 2 years now and they barely know how to file with OTCMarkets.com and seriously need a lesson on how to do so. I don't think they ever heard of such a thing as a quarterly report or an Attorney Letter with Respect to Current Information that must accompany a financial statement and you wonder why there is a yield sign when you look up CNGI. I am truly disappointed with this stock.
Here are some nice lies in my opinion from the PRs. This PR is dated July 23, 2012.
Hello. Hello. Anyone out there? Is this company still trading.
Hello, all I hear are crickets. Trent you better call 911 and report a missing company.
So Trent was diluting shareholders, good post.
Interesting close for a company that is broke.
This one is over folks. Just spoke to CEO Thomas Blake, he is resigning and mentioned that they don't have the funds to buy anything and company is completely mismanaged. Call him, he will confirm the same info at (310) 472-4656.
CNGI .034 not much as changed, except to say DD this one: http://stockcharts.com/c-sc/sc?s=CNGI&p=d&b=4&g=0&id=p17970548896
CNGI a bottom-play, and possible well rounded short term play: http://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=5524&i=CNGI&pv=recent-symbols&pp=CNGI#&&vs=634950559135583756
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83911097
Possibly another event in the works: http://www.otcmarkets.com/stock/CNGI/company-info
Take time to read FINs/News/ recent posts.
sc
CNGI .0398 up .0108 on 2k_vol .... Evening quikfix, I've been looking around since the spike in volume on 12/14. That was a huge alert on news that day. As you've mentioned: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83464726 things are shaping up so why the stop sign?
First of all the website looks really good, not sure if this is an update from your post? http://www.concordisinc.com/Default.aspx
In regards to the stop sign, and what you posted: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83492425
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83456133
It happens that once in a while a company will draw completely back, then during/after "Concordis Group, Inc. Signs Letter of Intent to Acquire Domestic Insurance Compan"y they may complete this transaction in a different light. I'm not saying RM, but... the value is here, SS is good, and they look as though a bottom is settled in [accumulation recently] so that only 2k popped this to .039 today. http://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=5524&i=CNGI&pv=recent-symbols&pp=CNGI#&&vs=634950086340871445
A excellent set of very high volume days since CNGI 12/14/2012 .0320 1,974,680_volume on that announcement.
According to TA Corporate Stock Transfer, Inc, shares outstanding for Concordis Group Inc. as of 01/15/2013 are 48,322,641. Not too shabby considering in the annual report ending Dec 31, 2011 there were 40,704,600
I'll be looking into this one more tomorrow. Appreciate your last 4 posts.
Concordis Group, Inc. Signs Letter of Intent to Acquire Domestic Insurance Company
7:30a ET December 14, 2012 (PR NewsWire)
Concordis Group, Inc. (OTC Markets: CNGI), a growing financial holding company, announced today that CEO Thomas C. Blake has signed a letter of intent regarding the purchase of Builders Insurance Company (BIC).
Specializing in workers' compensation insurance, BIC is domiciled and admitted to do business in the state of Nevada. Upon completion of the acquisition, Concordis Group intends to continue to expand to lines of coverage in the trucking and healthcare industries. The company expects to collect premiums totaling $10 - $12 MM within the first year.
Mr. Blake stated, "This acquisition lays the foundation for Concordis Group to establish itself as a growth-oriented company in the insurance industry. As previously announced, we have an outstanding offer to purchase a Utah-based insurance company. Concordis is currently reviewing other insurance companies that would enhance future operations and is working diligently to grow our portfolio rapidly."
About Concordis Group, Inc.:
Concordis Group, Inc., is a diversified holding company that provides business insurance solutions through its two wholly-owned subsidiaries: Concordis Insurance SPC (CISPC) and Concordis Capital, Inc. (CCI). CISPC, a Cayman Island corporation, is a captive insurance company that specializes in structuring and managing alternative risk management solutions for mid-market companies. CCI, a Florida corporation, provides captive cell funding for CISPC and other businesses and organizations.
Concordis Group's business strategy is based upon strong organic growth combined with strategic acquisitions of companies in the financial services and insurance industries that create additional synergy, have positive cash-flow, exhibit strong long-term growth potential, and possess highly qualified management teams.
Contact:
Concordis Group, Inc.
Thomas C. Blake
Chief Executive Officer
(310) 472-4656
According to TA Corporate Stock Transfer, Inc, shares outstanding for Concordis Group Inc. as of 01/15/2013 are 48,322,641. Not too shabby considering in the annual report ending Dec 31, 2011 there were 40,704,600.
If CNGI eventually reports 2012 sales and gets their annual (audited would be nice) and quarterly filings in order this thing will pop.
In my opinion, we have a decent company in our hands as they acquired 2 companies since late 2011 as per these PRs with one of the companies having projected 2012 revenues of 10 million (but 3.7 million in projected 2012 revenues is mentioned in the AllPennyStocks link). The only problem is management isn't focusing on reporting any of this which is totally absurd in my opinion. What's the delay or reason for this?
http://www.allpennystocks.com/aps_us/company_spotlights/archives/cngi.asp
http://www.prnewswire.com/news-releases/concordis-group-inc-releases-the-terms-of-purchase-of-advance-underwriting-managers-llc-134667698.html
http://www.prnewswire.com/news-releases/concordis-group-inc-otc-markets-cngi-announces-the-acquisition-of-a-rapidly-growing-equipment-insurance-company-152706175.html
OTCMarkets.com now shows a stop sign for CNGI.
Whatever happened to their July 23, 2012 PR http://www.prnewswire.com/news-releases/concordis-group-inc-files-annual-report-on-otcmarketscom-163400556.html that mentioned “The company also announced Malone Bailey, LLP the firm's SEC auditor is currently working to complete its 2012 quarterly reports in an effort to begin the formal process of up-listing to the OTCBB.”?
Not too impressed with current management and CEO so far (feel free to contact CEO Thomas C. Blake at 310-472-4656), but I think that outdated website of http://www.concordisinc.com might become http://www.concordisgroup.com in the future. Take a look below.
Registered through: GoDaddy.com, LLC (http://www.godaddy.com)
Domain Name: CONCORDISINC.COM
Created on: 20-Jan-09
Expires on: 20-Jan-14
Last Updated on: 13-Jan-12
Registrant:
Concordis Group, Inc.
42 Business Centre Drive
Suite 203
Miramar Beach, Florida 32550
United States
Administrative Contact:
Ingle, Josh Josh.Ingle@concordisgroup.com
Concordis Group, Inc.
42 Business Centre Drive
Suite 203
Miramar Beach, Florida 32550
United States
+1.8503371493
Technical Contact:
Ingle, Josh Josh.Ingle@concordisgroup.com
Concordis Group, Inc.
42 Business Centre Drive
Suite 203
Miramar Beach, Florida 32550
United States
+1.8503371493
Domain servers in listed order:
NS25.DOMAINCONTROL.COM
NS26.DOMAINCONTROL.COM
CNGI .03 630k vs 34k_vol 10day average. 18x the average 10 day volume and only up 7%, a very good sign.
Didn't catch the action today, but will be watching at the Open.
If the MMGroup set this up right along with an exciting L2/Time_Sales a decent run may be in progress early.
News on the 14th, then kinda quiet: http://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=5524&i=CNGI&pv=recent-symbols&pp=CNGI#&&vs=634932837550265877 another sign of a possible good run.
Best,
sc
Nice 100 share paint job at $0.03. Lots of volume today...interesting.
RrrrrRoller coaster
$CNGI great news today! Nice volume day!
Nice news out this morning for CNGI, I like getting the updates!
$CNGI +.003 looking good on strong news!
CNGI ASK is thin, slow and steady buying...
CNGI boom, promo by several groups this morning.
CNGI news is out!
Concordis Group, Inc. Signs Letter of Intent to Acquire Domestic Insurance Company
DESTIN, Fla., Dec. 14, 2012 /PRNewswire/ -- Concordis Group, Inc. (OTC Markets: CNGI), a growing financial holding company, announced today that CEO Thomas C. Blake has signed a letter of intent regarding the purchase of Builders Insurance Company (BIC).
Specializing in workers' compensation insurance, BIC is domiciled and admitted to do business in the state of Nevada. Upon completion of the acquisition, Concordis Group intends to continue to expand to lines of coverage in the trucking and healthcare industries. The company expects to collect premiums totaling $10 - $12 MM within the first year.
Mr. Blake stated, "This acquisition lays the foundation for Concordis Group to establish itself as a growth-oriented company in the insurance industry. As previously announced, we have an outstanding offer to purchase a Utah-based insurance company. Concordis is currently reviewing other insurance companies that would enhance future operations and is working diligently to grow our portfolio rapidly."
news looks hot bud!!
CNGI
CNGI ~ construction insurance
$CNGI We pride ourselves on being very easy to work with and we try to make it as simple as possible for our brokers and insureds to use our products and services. We don’t waste our client’s valuable time and quickly and honestly assess potential captive members. Concordis works exclusively with select insurance brokers and agents in the United States. We believe strongly in the value of the broker/client relationship and believe that the brokers are essential in helping the insured captive members manage their investment. Collaborative efforts on the part of the broker, client, and Concordis working as a team provide successful results for all.
$CNGI The plans are designed to minimize volatility due to large claims or the unpredictable frequency of smaller claims.
$CNGI Concordis captives allow for the individual members to profit from controlling their predictable claims.
Business Description
Company is in the financial services industry and owns Concordis Capital, Inc., and Concordis Insurance SPC.
CNGI
$CNGI Concordis has created a group captive model that is designed to minimize volatility to the member insureds while creating optimal returns on their investment. Concordis group captives are a far cry from self-insurance. They are well-designed member owned reinsurance companies that are written on A+ or A rated licensed insurance company paper.
Followers
|
19
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
1329
|
Created
|
11/13/08
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |