Consumers Financial Corp. (CNSF)

[ash111]

that's a commitment, isn't it?

[ash111]

does anyone know somthing?

[ihogan]

so is this thing done?

[jonzz128]

i cant get any info whatsoever.. sooo happy tho because i had a grand in it, the day b4 it stopped trading!!!! luckily i sold 900 worth so now im only out.. $99.70

[ash111]

is there nothing to do but to wait?

[ash111]

i dont know what to think anymore

[jonzz128]

is this all done?

[ash111]

.."we implement our business strategy while bringing added value to our shareholders," stated David Dalton, CEO of Consumers Financial Corporation"..

when, where?

[jonzz128]

nothing ash..... havent had time to call sec.....tried to buy more but scottrade said noo

[ash111]

someone know whay is going on?

[ash111]

what?

[G_F_K]

I have a jawdropping amount of shares. This was a pretty easy stock to play around with. I look forward to it's return.

I believe that what happened today was some idiot probably had a Market Order set and someone else had a GTC buy at the floor. Lucky him/her. If you look it was only 8K shares and if you traded any volume with this one you know that 8K doesn't effect this one...50K-100K does.

[GlassCrasher]

I don't know, I didn't even know it was suspended, I have 5000 shares at .04 LOL! I'll be happy if I can get $100 for this garbage

[G_F_K]

Not Good at All! What's Going On Here? My value is .0001
I can't find any news. Anyone know what's happening here?

[G_F_K]

I had been using SPNG as a litmus test of sorts to see what would happen. They are trading again whereas we are still halted and we were stopped before SPNG was.

Has anyone called them to see what is going on?

[ash111]

"Over the next several weeks, Consumers Financial Corporation will be evaluating acquisition candidates... I look forward to bringing Consumers Financial Corporation into its new chapter of growth and success," stated David Dalton, Chairman and CEO of Consumers Financial Corporation, Inc.

i am still waiting.

[ash111]

agree, we have to wait, last year it ran to 1$,same float then as now.

[di4]

I do have a few, not enough to hurt too bad if it doesn't trade again... but of course I'm sure we'd all like to see something positive happen here.

[G_F_K]

Well we are way past the decision date. Don't know if you have any shares in this or not but I'd love to know what the companies next course of action is.

[di4]

Anyone have any info here?

[SammyTheBull]

Technically, it's only suspended. But what happens after the suspension is that they lose their sponsoring market maker. The company then has to gather all kinds of information and find a new market maker that'll file the Form 211. It's not easy and takes time. In the mean time, it goes to the greysheets.

I don't know anything about this company. Just saw the suspension and took a look to see if anyone's in it. Apparently whatever info or news has gone out, the Sec doesn't believe it. Plus they're years behind on their filings.

Good luck to you.

[G_F_K]

So why do they even bother mentioning an Oct 12th reprieve? I believe this caught everyone, including CNSF, off guard. There was no sell off before this occurred and they even put out some PR's the day this happened. Strangest thing I've seen yet for a company that's in business and, from all data put forth, looks to be moving ahead.

[SammyTheBull]

re: "what goes down next from this point forward"

After the suspension, it goes directly to the greysheets. It won't have a quote (no bid, no ask) and trades are purely matched by price. Unfortunately you'll most likely lose your entire investment.

"Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule."

That means the company must file a new Form 211 with a market maker before being quoted again. Market makers rarely accept it after a suspension. Either way, it'll take months.

GLTY

[ash111]

i see bia&ask. will it open today?

[ash111]

will open at october 12,2009 at 11:59pm. is that true?

http://www.sec.gov/litigation/suspensions/2009/34-60728-o.pdf

[ash111]

3 pr's today, it will run hard.
http://www.otcbb.com/asp/Info_Center.asp

[ash111]

suspend for up to ten trading days http://www.sec.gov/litigation/suspensions.shtml

[ash111]

but this co. havent filed with the sec since 2005 it's not a bid deal

[ash111]

i saw co that havent filed with the sec since 2001 so what?

[ash111]

I THINK IT'S NOT A BIG DEAL,it will take some days and we will se it trading again

[phildirt]

I never saw it coming either.

[G_F_K]

Trading to resume Oct 12th. I never saw this one coming and that's saying a mouth full bc I'm in so many fly by night shady outfits that I never thought I'd read this from a company that is actually still in business and conducting PR's.

Anybody been through this before? If so please tell your story on what goes down next from this point forward. Thanks

[jonzz128]

this means the sec doesnt believe their recent news of aquisitions and such... also because they havent filed with the sec since 2005 they pretty much have been red flagged.. luckily i only have 100 bucks in it

[ash111]

WHAT DOES IT MEEN? GOOD OR BAD?

[rbtree]

Prepare for grey sheet hell, where this will resume trading in 10 days, no bid/ask...

[scion]

In the Matter of Consumers Financial Corporation, Respondent.

SECURITIES EXCHANGE ACT OF 1934 Release No. 60729 / September 29, 2009

ADMINISTRATIVE PROCEEDING File No. 3-13628
In the Matter of
Consumers Financial Corporation,
Respondent.

ORDER INSTITUTING ADMINISTRATIVE PROCEEDINGS AND NOTICE OF HEARING PURSUANT TO SECTION 12(j) OF THE SECURITIES EXCHANGE ACT OF 1934
I.
The Securities and Exchange Commission ("Commission") deems it necessary and appropriate for the protection of investors that public administrative proceedings be, and hereby are, instituted pursuant to Section 12(j) of the Securities Exchange Act of 1934 ("Exchange Act") against Consumers Financial Corporation ("CFC").

II.
After an investigation, the Division of Enforcement alleges that:

A. RESPONDENT

1. Consumers Financial Corporation (CIK No. 0000100320) is a dually- registered Pennsylvania and Nevada corporation with a principal place of business in Cedarhurst, New York. Its common stock, symbol CNSF, is registered with the Commission pursuant to Section 12(g) of the Exchange Act. As of August 19, 2009, the company's stock was quoted on the Pink Sheets, operated by Pink OTC Markets Inc. ("Pink Sheets"), had nine market makers, and was eligible for the "piggyback" exception under Rule 15c2-11(f)(3) of the Exchange Act.

B. DELINQUENT PERIODIC FILINGS

2. CFC is delinquent in its periodic filings with the Commission and has repeatedly failed to meet its obligation to file timely reports, having not filed any periodic or other required reports since it filed, on March 23, 2007, a Form 10-KSB for the year ended December 31, 2005.

3. Section 13(a) of the Exchange Act and the rules promulgated thereunder require issuers of securities registered pursuant to Section 12 of the Exchange Act to file with the Commission current and accurate information in periodic reports, even if the registration is voluntary under Section 12(g). Specifically, Rule 13a-1 requires issuers to file annual reports (Forms 10-K or 10-KSB), and Rule 13a-13 requires issuers to file quarterly reports (Forms 10-Q or 10-QSB).

4. As a result of the foregoing, CFC failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder.

III.
In view of the allegations made by the Division of Enforcement, the Commission deems it necessary and appropriate for the protection of investors that public administrative proceedings be instituted to determine:

A. Whether the allegations contained in Section II. are true and, in connection therewith, to afford CFC an opportunity to establish any defenses to such allegations; and,

B. Whether it is necessary and appropriate for the protection of investors to suspend, for a period not exceeding twelve months, or revoke the registration of each class of securities of CFC identified in Section II. and registered pursuant to Section 12 of the Exchange Act.

IV.
IT IS HEREBY ORDERED that a public hearing for the purpose of taking evidence on the questions set forth in Section III. hereof shall be convened at a time and place to be fixed, and before an Administrative Law Judge to be designated by further order as provided by Rule 110 of the Commission's Rules of Practice [17 C.F.R. § 201.110].

IT IS HEREBY FURTHER ORDERED that CFC shall file an Answer to the allegations contained in this Order within ten (10) days after service of this Order, as provided by Rule 220(b) of the Commission's Rules of Practice [17 C.F.R. § 201.220(b)].

If CFC fails to file the directed Answers, or fails to appear at a hearing after being duly notified, CFC may be deemed in default and the proceedings may be determined against it upon consideration of this Order, the allegations of which may be deemed to be true as provided by Rules 155(a), 220(f), 221(f), and 310 of the Commission's Rules of Practice [17 C.F.R. §§ 201.155(a), 201.220(f), 201.221(f), and 201.310].

This Order shall be served forthwith upon CFC personally or by certified or Express Mail, or by other means of verifiable delivery.

IT IS FURTHER ORDERED that the Administrative Law Judge shall issue an initial decision no later than 120 days from the date of service of this Order, pursuant to Rule 360(a)(2) of the Commission's Rules of Practice [17 C.F.R. § 201.360(a)(2)].

In the absence of an appropriate waiver, no officer or employee of the Commission engaged in the performance of investigative or prosecuting functions in this or any factually related proceeding will be permitted to participate or advise in the decision of this matter, except as witness or counsel in proceedings held pursuant to notice. Since this proceeding is not "rule making" within the meaning of Section 551 of the Administrative Procedure Act, it is not deemed subject to the provisions of Section 553 delaying the effective date of any final Commission action.

By the Commission.
Elizabeth M. Murphy Secretary


http://www.sec.gov/litigation/admin/2009/34-60729.pdf

[scion]

Trading Suspension 34-60728 Sep. 29, 2009 Consumers Financial Corporation
http://www.sec.gov/litigation/suspensions/2009/34-60728.pdf

See also Order
http://www.sec.gov/litigation/suspensions/2009/34-60728-o.pdf

http://www.sec.gov/litigation/suspensions.shtml

[ash111]

news out-Consumers Financial Corporation Appoints Experienced GPS Sales Executive to Head the Sales and Marketing for Universal Tracking Technologies, Inc. Subsidiary

FORT WAYNE, Ind., Sept 29, 2009 /PRNewswire-FirstCall via COMTEX/ -- Consumers Financial Corporation, Inc. (Other OTC: CNSF) is pleased to announce the appointment of Nick Muratore as Vice President of Sales. Mr. Muratore was a co-founder of Universal Tracking Technologies, Inc. (UTTI), which is now a wholly-owned subsidiary of the company. Mr. Muratore's innovative and visionary approach to providing asset and fleet tracking solutions allowed UTTI to become one of the early pioneers in passive GPS technology with the introduction of one of the first passive GPS systems with automatic download capacity to market 10 years ago. His sales and product knowledge has played a major role in developing the subsidiary's product line, which has generated over $6,000,000 in revenue since its inception in 1999.
In the last 10 years, UTTI has built up a customer base of approximately 600 customers, who are utilizing the company's hardware and software solutions. Some of UTTI's customers include Culligan Water, Frito Lay, Pepsi Bottling Company, Copper Eagle Patrol & Security, Palm Springs Unified School District, and the Houston Food Bank, amongst others.

Prior to co-founding UTTI, Mr. Muratore was National Sales Manager for the largest 220 MHz Logic Trunk Radio (LTR) company directing a full time sales staff of 50 Sales Representatives. "We are proud to have Nick join UTTI as Vice President of Sales assure continuity and the sales momentum that he has created over the last 10 years," stated Robert Dalton, President of Universal Tracking Technologies, Inc.

About Consumers Financial Corporation, Inc.:

Consumers Financial Corporation, through its wholly owned subsidiary Universal Tracking Technologies, Inc., offers the most comprehensive solutions in fleet management systems. The Company's GPS tracking solutions can be used by practically any business that utilizes employee-driven vehicles. Utilizing GPS for a variety of fleet monitoring products and software, Universal Tracking Technologies provides management systems for a wide range of markets, including: construction, delivery services, emergency services, limousines, messenger services, municipalities, taxis, towing and trucking. Universal Tracking Technologies has the ability to serve a variety of needs; whether it is managing a fleet of hundreds, simply checking-up on a few problem drivers or providing a tracking tool for clientele. Consumers Financial Corporation is focused on developing and marketing Universal Tracking Technologies solutions, as well as acquiring and developing synergistic companies that provide location based service products and cutting edge solutions for asset tracking and logistics.

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

[ash111]

news Research Reports: cnsf- interseting more and more Research co.

http://finance.yahoo.com/q/rr?s=CNSF.PK&t=

[ash111]

evry day someone is buying about 50-100k, it's a matter of time till it will run.

[G_F_K]

Big Buy of 100K and some little ones are now trickling in. Nice!

[ash111]

cnsf- IT'S SO THIN. when investors will get more attention, this will run hard.

[phildirt]

More news:


Consumers Financial Corporation Appoints Experienced Technology Expert to the Company's Board of Directors

FORT WAYNE, Ind., Sept. 23 /PRNewswire-FirstCall/ -- Consumers Financial Corporation, Inc. (OTC Pink Sheets: CNSF - News) is pleased to announce the appointment of Robert Dalton to the Board of Directors. Robert Dalton is currently serving as President of Universal Tracking Technologies, Inc., the Company's wholly-owned subsidiary. Mr. Dalton has played a major role in the development of the Universal Tracking Technologies product line, which has generated nearly $6,000,000 in revenue since its inception. Over the last 10 years, Universal Tracking Technologies has built up a customer base of approximately 600 customers, who are utilizing the company's hardware and software solutions. Universal Tracking Technologies customers include companies such as Culligan Water, Prudential Overall Supply, Jefferson Parish in Louisiana, Palm Springs Unified School District, and multiple metropolitan Food Banks.

Robert Dalton graduated from California State University Northridge where he received a Bachelor of Science degree in Computer Science in 1990 and was named to the Dean's List. Mr. Dalton has held various Information Technology positions for companies such as Litton Industries and Wyle Laboratories, along with product and project management positions in the Information Technology sector for companies such as DVR and J.D. Power & Associates. Mr. Dalton left the corporate world in 1999 and co-founded Universal Tracking Technologies, Inc, where he was able to utilize his expertise to design and develop the company's logistics hardware platforms, which are based on GPS satellite and cellular telecommunication networks, as well as led the creation of the company's desktop turn-key GPS tracking system from software development through hardware integration, and onto customer deployment.

"We are proud to have Robert Dalton join the Company's Board of Directors and to have his direction as we implement our business strategy while bringing added value to our shareholders," stated David Dalton, CEO of Consumers Financial Corporation

About Consumers Financial Corporation, Inc.:

Consumers Financial Corporation, through its wholly owned subsidiary Universal Tracking Technologies, Inc. (www.universaltracking.com), offers the most comprehensive solutions in fleet management systems. The Company's GPS tracking solutions can be used by practically any business that utilizes employee-driven vehicles. Utilizing GPS for a variety of fleet monitoring products and software, Universal Tracking Technologies provides management systems for a wide range of markets, including: construction, delivery services, emergency services, limousines, messenger services, municipalities, taxis, towing and trucking. Universal Tracking Technologies has the ability to serve a variety of needs; whether it is managing a fleet of hundreds, simply checking-up on a few problem drivers or providing a tracking tool for clientele. Consumers Financial Corporation is focused on developing and marketing Universal Tracking Technologies solutions, as well as acquiring and developing synergistic companies that provide location based service products and cutting edge solutions for asset tracking and logistics.

[ash111]

what i know is that semms very promising movement

[phildirt]

Acquisition news!

Consumers Financial Corporation Completes Acquisition of Merging Growth GPS Technology Company

FORT WAYNE, Ind., Sept. 21 /PRNewswire-FirstCall/ -- Consumers Financial Corporation, Inc. (OTC PK: CNSF) is pleased to announce that the Company has completed the acquisition of Universal Tracking Technologies, Inc. for $200,000 of the Consumers Financial Corporation's restricted shares at $0.05 per share. Universal Tracking Technologies, Inc. is a corporation that produces, markets and sells products and services based on its GPS technology to businesses across the United States. Robert Dalton will remain as President of Universal Tracking Technologies, Inc. Consumers Financial Corporation will begin the process for a name and symbol change to better reflect the Company's business model.

Since 1999, Universal Tracking Technologies, Inc. has offered the most comprehensive solutions in fleet management systems. The company's GPS tracking solutions can be used by practically any business that utilizes employee-driven vehicles. Utilizing GPS for a variety of fleet monitoring products and software, Universal Tracking Technologies provides management systems for a wide range of markets, including: construction, delivery services, emergency services, limousines, messenger services, municipalities, taxis, towing and trucking. Universal Tracking Technologies has the ability to serve a variety of needs; whether it is managing a fleet of hundreds, simply checking-up on a few problem drivers or providing a tracking tool for clientele. Some of the company's customers include Culligen Water, Copper Eagle Patrol & Security, Palm Springs Unified School District, and the Houston Food Bank, amongst others.

"Being part of Consumer Financial Corporation will enable Universal Tracking Technologies to expand our product offering, as well as increase our customer base," stated Robert Dalton, President of Universal Tracking Technologies, Inc.

"The acquisition of Universal Tracking Technologies has an established product line and revenue stream and is a major step in helping Consumer Financial Corporation fulfill our business plan while bringing added value to our shareholders," stated David Dalton, CEO of Consumers Financial Corporation.

For more information on Universal Tracking Technologies, Inc., please visit http://www.universaltracking.com.

[was GoldenDD]

any idea what the pps will be after acquisition is anounced?

[farside]

Well when you take in my share cost before they reverse split this on us, the cost was $15 per share, now after the reverse split i have 6 shares at a value of 0.19¢ Total. Guess they reversed it at around 469 to 1. This company really knows how to look out for its share holders. Yet another Wall street tarnished dream.

[SupaMario910]

CNSF getting some attention this weekend. Friday showed us how easily this moves with buying pressure. Hopefully, next week is the BIG bounce!

[Crazy Money]

No surprise

[ANTADOG]

Bought in around 0.03, now we have seen it moves on volume, news will come and this could really soar imo of course, ANT