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I doubt it’s dilution, more like profit taking. The OS has been the same for a while.
wow, terrible dilution
WOW, almost a 30% day, looks like it finished at .8150 I'll take it! :^)
So EMBI is now Emerald Bioscience inc. The new name and symbol of what was NEMUS Bioscience. It has been on a tear lately, sure hope it continues
Nemus Bioscience, Inc. Changes Name to Emerald Bioscience, Inc. and Provides Update of Recent Research Accomplishments
03/25/2019
Name Change Reflects Company’s Focus on Advancing Cannabinoid-Based Therapeutics as a Member of the Emerald Group
Company to Trade on OTCQB Under Ticker EMBI at Market Open March 25, 2019
LONG BEACH, CA , March 25, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Emerald Bioscience, Inc. (OTCQB: EMBI), a biopharmaceutical company focused on developing bioengineered cannabinoid-based therapeutics to address global medical indications, today announced that it has changed its corporate name from Nemus Bioscience, Inc. to Emerald Bioscience, Inc. The company’s new OTCQB ticker symbol, “EMBI,” will be effective at the market open on March 25, 2019 . The new website for Emerald Bioscience is www.emeraldbio.life .
“Our new name better represents our relationship with the Emerald Group and our common goal to be leaders in advancing cannabinoid science. We have made strong progress in the past year. With our robust pipeline based on our proprietary bioengineered cannabinoid technology, partnerships with leading institutions, and strides in manufacturing, we are committed to developing therapies that will change the lives of patients with significant unmet medical needs,” said Brian Murphy , MD, CEO and Chief Medical Officer of Emerald Bioscience, Inc.
Recent Scientific Advancements
Preclinical data demonstrated NB1111, Emerald Bioscience’s proprietary prodrug of THC (THC-VAL-HS), is statistically superior in lowering intraocular pressure (IOP) compared to the current standard-of-care, latanoprost, for the treatment of glaucoma across multiple timepoints during a seven-day course of repeated dosing using a validated rabbit normotensive ocular model.
Data generated by Glauconix Biosciences, Inc. further validated the mechanism of action of NB1111 in lowering intraocular pressure (IOP), a defining symptom of hypertensive glaucoma. In this study, NB1111 improved fluid outflow across the trabecular meshwork and positively impacted disease markers associated with glaucoma-related fibrosis and inflammation.
Strategic Advancements
Signed an agreement with Pharmaceuticals International Inc. , a contract development manufacturing organization, to develop a sterile eyedrop dosage formulation of NB1111 for human dosing.
Signed an agreement with Noramco, Inc. for the manufacturing and scale-up of Emerald Bioscience’s proprietary analog of cannabidiol (CBD) licensed from the University of Mississippi .
As the company prepares to advance its lead product candidate, NB1111, into a Phase 1b/2a clinical trial for the treatment of glaucoma, this name change allows the company the opportunity to develop a strong and unique global brand that reflects its recent advancements in the rapidly-evolving field of cannabinoid science.
Emerald Bioscience is part of the Emerald Group , which is comprised of a strong network of companies focused on developing pharmaceutical, botanical, and nutraceutical products providing wellness and medical benefits by interacting with the human body’s endocannabinoid system.
Existing shareholders interested in getting an updated statement representing book shares or a revised stock certificate, please email our transfer agent, ClearTrust, LLC , at inbox@cleartrusttransfer.com .
About Emerald Bioscience, Inc.
Emerald Bioscience is a biopharmaceutical company headquartered in Long Beach, California , focused on the discovery, development, and commercialization of bioengineered cannabinoid-based therapeutics for significant unmet medical needs in global markets. With proprietary technology licensed from the University of Mississippi , Emerald is developing novel ways to deliver cannabinoid-based drugs for specific indications with the aim of optimizing the clinical effects of such drugs while limiting potential adverse events. Emerald's strategy is to clinically develop a number of proprietary biosynthetic compounds, alone or in combination with corporate partners.
Emerald Bioscience is part of the Emerald Group , which comprises multiple companies focused on developing pharmaceutical, botanical, and nutraceutical products providing wellness and medical benefits by interacting with the human body’s endocannabinoid system.
For more information, visit www.emeraldbio.life
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements, including statements regarding our product development, business strategy, product branding, timing of clinical trials and
commercialization
Indexes, shares and currencies
Dow- bullish during the whole August.
NASDAQ - nice rise starting from 10:12. Profitable minimum at July 4th-5th. Today - overall rates are high, minimum at 11:45, after 13:10 going up and at 14:25 a new rise.
MSFT - slightly bearish soon, after that touches the sky for just a moment and falls into the mud of the bottom. The recovery would not take long. The situation is caused by the 2nd court warning.
INTC - goes up by July 10th and stays there about 7-8 days. Going long, the only thing would be to wait, until the share will rise in price 3-6 times. Today - rising from 12:16 until 14:26 and at the end of the day.
EUR/USD- will be fluctuating until September. Today- falling from 11:05 until 15:34, and after that streams up to 20:13 (The chart can be tracked on http://www.forexcapital.com/charts.htm).
USD/ZAR- after July 5th the dollar will rise in comparison with ZAR, but it would not last for long.
http://www.aewinvest.strana.de/
aewinvest@strana.de
Gold and Silver
Gold- the price of gold depends on the movements of dollar and right now it will be on its hard way up in NY.
DROOY - weak, small rise and soon a fascinating fall. Today - low beginning, peaks at 14:15 (NY) and 14:26.
CDE - going up from July 10th, and soon after that diving fast and deep. She will fall 3 times until the end of year. She will not rise back to the previous price level until the scandal around her will be smothered.
SSRI - will live a good life for many years. This month will go nicely up and before this falls for a few times. Today- rising after 12:30.
MMN (MACMIN LIMITED, Australia) - bullish staring from July 9th. Continuous rise during the whole year.
AOR (AURIONGOLD Ltd, Australia) - bullish from July 10th- rather lingering, but not meaningful.
NCM (NEWCREST MINING Ltd, Australia) - nothing to be afraid of till October- stays on the float, and the rates are going up.
OXR (OXIANA RESOURCES NL, Australia) - the share would not stay high for long, the firm is false and the shares will sink soon.
CRS (CROESUS MINING NL, Australia) - bearish until July 9th and after that going up. Wide range fluctuation until the end of the year, 6 peaks and 13-18 lows.
SRI (SIPA RESOURCES INTERNATIONAL NL, Australia) - a high upsurge in august.
Silver - bearish until July 5th and flies up from July 9th. The price will rise high up by November.
http://www.aewinvest.strana.de/
aewinvest@strana.de
Do you want to know how this company is doing?
Here's an excerpt from the latest 10K
The bottom line:
Net Profits.
The Company realized net profits (after provision for income tax) of $265,537 in
the fiscal year ended September 30, 2001 compared to a net loss of $16,055 for
the year ended September 30, 2000, or $0.02 and ($0.00) per share respectively.
Correction on the last PR...............
It was reported for the second quarter of 2002 and should have said the first quarter...eom
EMB Corporation Announces Record Revenues
via COMTEX
March 5, 2002
HUNTINGTON BEACH, Calif., March 5, 2002 (PRIMEZONE via COMTEX) --
James E. Shipley, President of EMB Corporation (OTCBB:EMBI), (Berlin:EMBI.BE), (Frankfurt:EMBI.F), and (Hamburg: EMBI:EMBI:H), announced today that EMB Corporation achieved record net revenues in its second quarter ended December 31, 2001. Mr. Shipley also announced the restatement of the certain aspects of the financial statements for the fiscal year ended September 30, 2001, that resulted in a marked reduction in the accumulated deficit of the Company.
James E. Shipley, President of EMB, said, 'Revenues for the quarter ended December 31, 2001, were up over 41% to a record $2,286,889. The continued strong performance of our First Guaranty Financial Corporation subsidiary led this growth. We are also very pleased with the expansion of operations of our other subsidiary, American National Mortgage, and expect it to contribute to our growth and profitability in future reporting periods. We expect that the continued growth and profitability of our operating entities, coupled with an anticipated reduction in non-cash expenses at the corporate level will result in overall corporate profitability during the remainder of this fiscal year. At the present time we are in negotiations with other mortgage brokerage companies as possible acquisition candidates however, nothing has been signed and nothing is certain at the moment.'
Mr. Shipley went on to say, 'I am also pleased to announce the restatement of the treatment of the sale of EMB Mortgage Corporation in July 2001, as set forth in our Consolidated Statement of Stockholder's Equity in the Company's amended Annual Report, yields the Company additional equity in excess of $3,000,000, or an increase of $0.18 per share, which is a one-time event.'
To request an investor kit for EMB Corporation, please call Justin Keener at (650) 292-1585, or email EMBI@EquityBroadcast.com.
About EMB Corporation:
EMB Corporation is a financial services holding company, which provides a network to mortgage brokers, both retail and wholesale through our wholly owned mortgage companies, currently including American National Mortgage and First Guaranty Financial Corporation. Mortgages originated by our group of companies may be held temporarily for investment, or may be sold to third parties / financial institutions, or may be secured, packaged, and sold as mortgage backed securities. For further information about the Company please look at our website. http://www.embcorp.net, or http://www.embcorporation.com
A letter from the CEO.....
This email doesn't give a lot of hard facts, but it does give you a little insight into the attitude of the CEO, James Shipley.
This is an excerpt from a discussion about PRs, the cost of PRs and making use of what opportunities become available;
What you understand and have read is true. However, I don't
know
what the California Stock Review has done up to this point. I assume
only
time will tell.
The problem we have at EMB is exposure. The old saying "if a tree falls
in
the forest and no one is there to hear it did it make a noise?" is
exactly
how I feel. We seem to be doing the right things to grow this company,
but
if no one hears about it, does it make a noise? The answer of course is
yes,
it makes a noise, but still if no one else hears it, it does not do the
company any good. Hence, we have to have web sites, news releases, and
hire
others to shout good things about our company. This becomes very
expensive,
and takes a lot of our time and effort that should be used towards
growing
the company. However when you can't get the stock price off the bottom,
it
becomes even more difficult.
We will keep on trucking as they say, and hope for the best at the end
of
each day.
Regards,
Jim Shipley
NEWSLETTER FROM CALIF. STOCK REVIEW....
EMB Corp (EMBI) $0.12
(California Stock Review)
Rod Thompson, President of First Guaranty stated, "After a record year
in
all sectors of our mortgage business, we are pleased to report that
total
fundings for January 2002 of $48 million were 82.5% greater than January
of 2001."
"We have also renewed our primary warehousing credit facility of $50
million, which enables us to comfortably close up to $75 - $80 million
of
residential mortgages per month. Our goals for 2002 are $650 million in
closed loans, and to continue to expand our net profit to gross revenue
ratio over last year's strong profits.''
(Come on, admit it. Yes it's a $0.12 stock, but you've got to be
impressed.)
The Company also announced that it has released an updated version of
its
Website with many new features at http://www.embcorp.net and
http://www.embcorporation.com.
Mr. Shipley noted, "I would encourage everyone that is interested in EMB
Corporation to visit our new website. We have a great new look with
several new features. It is interesting to note that we have had in
excess
of 133,000 visitors to our site since August 19, 2001, for an average of
approximately 25,000 per month.''
EMB Corporation recently reported earnings of $0.02 per share for Fiscal
2001, in addition to a $2,000,000 equity financing agreement with
Paramount Financial Group.
To request an investor kit for EMB Corporation, please call Justin
Keener
at (650) 292-1585, or email EMBI@EquityBroadcast.com.
http://biz.yahoo.com/pz/020226/24305.html
====================================================
NEWS....NEWS
EMB Corporation Announces Record Production and Revenues for Subsidiary First Guaranty Financial
via COMTEX
February 26, 2002
HUNTINGTON BEACH, Calif., Feb. 26, 2002 (PRIMEZONE via COMTEX) --
James E. Shipley, President of EMB Corporation (OTCBB:EMBI) (Berlin:EMBI. BE), (Frankfurt:EMBI.F) and (Hamburg:EMBI.H) today announced that its wholly owned subsidiary, First Guaranty Financial Corporation, had a record month for January 2002 that exceeded projections in originations, fundings, revenues and profits. First Guaranty Financial Corporation, http://www.fgflend.com, headquartered in Santa Ana, California, is a multi-state wholesale mortgage lender that has a winning strategy in the vastly competitive field of mortgage banking.
Rod Thompson, President of First Guaranty stated, 'After a record year in all sectors of our mortgage business, we are pleased to report that total fundings for January 2002 of $48 million were 82.5% greater than January of 2001. We have also renewed our primary warehousing credit facility of $50 million, which enables us to comfortably close up to $75 - $80 million of residential mortgages per month. Our goals for 2002 are $650 million in closed loans, and to continue to expand our net profit to gross revenue ratio over last year's strong profits.'
James Shipley, President of EMB added, 'EMB's formula for success is in place, and our strategy is to continue to assist FGFC with national growth, advertising and increased technology through additional acquisitions, and or mergers, that are presently in negotiations or under review.'
The Company also announced that it has released an updated version of its Website with many new features at http://www.embcorp.net and http://www.embcorporation.com. Mr. Shipley noted, 'I would encourage everyone that is interested in EMB Corporation to visit our new website. We have a great new look with several new features. It is interesting to note that we have had in excess of 133,000 visitors to our site since August 19, 2001, for an average of approximately 25,000 per month.'
EMB Corporation recently reported earnings of $0.02 per share for Fiscal 2001, in addition to a $2,000,000 equity financing agreement with Paramount Financial Group.
To request an investor kit for EMB Corporation, please call Justin Keener at (650) 292-1585, or email EMBI@EquityBroadcast.com.
Is this stock underpriced?..You be the judge.
This is from the 10KSB40/A, filed 2/19/02:
Net Profits.
The Company realized net profits (after provision for income tax) of $265,537 in the fiscal year ended September 30, 2001 compared to a net loss of $16,055 for the year ended September 30, 2000, or $0.02 and ($0.00) per share respectively.
The AS is only 30M
The OS is only 16.7M
Their wholly owned subsidiary, First Guaranty Financial Corp. has declared a 224% increase in business over 2000
In November, they received 2-million dollars in financing, to be used for expansion and acquisitions....
Free Investor Kit.......
see why this is truly an underpriced stock......
Several pages of information is available in a nicely wrapped folder.........
Send emai to;
Justin Keener
EMBI@EquityBroadcast.com
California Stock Review Adds EMB Corp. to its Watch List
via COMTEX
February 12, 2002
HUNTINGTON BEACH, Calif., Feb. 12, 2002 (PRIMEZONE via COMTEX) --
James E. Shipley, President of EMB Corporation (OTCBB:EMBI), (Berlin:EMBI.BE), (Frankfurt:EMBI.F), and (Hamburg:EMBI: EMBI:H), announced today that EMB Corp. has been added to the California Stock Review, an investment newsletter specializing in California-based publicly traded companies.
The California Stock Review is a newly launched publication of the Internet PR Group, a highly regarded investment research and investor relations firm, located in Beverly Hills, CA, which additionally publishes the Internet Stock Review. The Internet Stock Review, which was launched in December of 1998, has enjoyed great success since inception, including during 2001 with its top ten picks registering gains in excess of 177 percent, on average.
According to the Internet Stock Review, its top ten picks for 2001 included Datastand Technology (OTCBB:DATT) up 566%, Digital River (Nasdaq:DRIV) up 300%, Aptimus (Nasdaq:APTM) up 200%, Delano Tech (Nasdaq:DTEC) up 178%, eUniverse (Nasdaq:EUNI) up 155%, Aptimus II (APTM) up 104%, Conolog (Nasdaq:CNLG) up 72%, Cross Media Marketing (AMEX:XMM) up 71%, Marketwatch.com (Nasdaq:MKTW) up 66% and Airspan Networks (Nasdaq:AIRN) up 62%.
Of the entire 35 stocks added to the Watch List in 2001 (closed and/or open at year end), 71% gained in value and the overall percentage gain of all picks was 50.7%.
The Internet PR Group is one of the nation's leading investment firms, specializing in creating market awareness programs for publicly traded companies involved in the Internet, restaurant, gaming & entertainment industries. It also publishes three industry specific newsletters.
Editor Roland Perry stated, 'We're excited to launch the California Stock Review, which is in line with our policy to provide industry and/or geographic specific coverage to the markets and we're pleased to have added EMB Corp to the Watch List.'
Mr. Perry continued, 'EMB Corp. is the first company which we will be covering in the California Stock Review. After reporting a record year of over $540 million in funded loan production, record revenues in excess of $9 million and profitability, EMB subsidiary First Guaranty Financial Corp. saw consistent growing demands for its mortgage products in all sectors. We expect the Company to continue to perform well, as it strives to reach its 2002 goal of $650 million in fundings and we are pleased to help the Company tell its story to our broad base of investors. We are equally excited about its recently announced $2 million financing with Paramount Financial Group, Inc.'
To request an investor kit for EMB Corporation, please call Justin Keener at (650) 292-1585, or email EMBI@EquityBroadcast.com.
NEWS....Feb.7........
February 7, 2002
James E. Shipley, president of EMB Corp. announced that EMB
Corp. has received the initial investment funds arising from a private
placement of its preferred and common stock with Paramount Financial
Group Inc.
Shipley stated: 'On November 12, 2001, we announced that we had
retained the services of Paramount Financial Group Inc. to assist EMB
in raising capital for the company. We are pleased to announce that we
have received the first tranche of an anticipated $1,000,000 that
Paramount has agreed to invest by means of its purchase of the
company's Preferred Stock. Upon receipt of the full $1,000,000,
Paramount will receive 1,000,000 shares of EMB's Series D Preferred
Stock.
'Additionally, in a separate private placement, Paramount has also
agreed to acquire 1,000,000 shares of the company's restricted Common
Stock at $1.00 per share for an additional $1,000,000, for a total of
$2,000,000.'
Shipley continued: 'We anticipated from the beginning that this
relationship would lead to EMB acquiring new investment capital and it
has. We intend to use the proceeds to expand the operations of our two
operating subsidiaries, First Guaranty Financial Corporation and
American National Mortgage, in order to maximize their profit
potential. Any new capital investment in EMB could also allow us to
continue our search for other companies, which, if acquired, would
compliment our current business plan.'
As part of the agreements by and between Paramount and EMB,
Douglas G. Gregg, president of Paramount Financial Group Inc., will be
appointed to the board of directors at its next scheduled meeting
NEWS......NEWS
EMB CORPORATION ANNOUNCES RECORD REVENUES AND EARNINGS FOR SUBSIDIARY FIRST GUARANTY FINANCIAL
Huntington Beach, CA - January 28, 2002 - James E. Shipley, President of EMB Corporation (OTCBB: EMBI) (Berlin: EMBI. BE), (Frankfurt: EMBI.F), and (Hamburg: EMBI.H) announced today that its wholly owned subsidiary, First Guaranty Financial Corporation, had a record year for 2001 that exceeded projections in originations, fundings, revenues and profits. First Guaranty Financial Corporation, (http://www.fgflend.com), headquartered in Santa Ana, California, is a multi-state wholesale mortgage lender that has a winning strategy in the vastly competitive field of mortgage banking.
Mr. Rod Thompson, President of First Guaranty said, “After a record year of over $540 million in funded loan production, applications exceeding 3000 originated, and underwritten, record revenues in excess of $9 million and profitable, First Guaranty saw consistent growing demands for its mortgage products in all sectors. This represents more than a 224% increase over calendar year 2000.” Mr. Thompson went on to say, “We hit both ends of the housing spectrum as our products are very centered in the purchase market place. However, one of the keys to our success is the Super Jumbo Loans we offer up to $4.0 million on custom homes. We have seen a very broad demand for our interest only products tied to the Libor index. Our goals for 2002 is to fund $650 million and continue to expand our net profit to gross revenue ratio over last year’s strong profits. We have added some new key personnel and expect demand for our mortgage products to remain robust throughout 2002.”
James Shipley, President of EMB said, “We are very proud of the excellent job Mr. Thompson and all those associated with First Guaranty have done, and continue to do.” Mr. Shipley went on to say; “Technology for valuation of property, underwriting automation, and the entry of foreign capital into the U.S. markets will continue to provide an environment where well managed mortgage lenders can thrive. EMB’s formula for success is in place, and our strategy is to continue to assist FGFC with national growth, advertising, and increased technology through additional acquisitions, and or mergers, that are presently in negotiations or under review.”
There might be some chartists who can factor in potential profit taking when charting price movement.
I find that very difficult.
After the fact, it's obvious that profit taking is driving the price back down and the charts show;
mild support at .15
major support at .12
If there is some bad news and the price is driven through the .12 support level, it could drop all the way back to the .06 area....but, I think that would have to be pretty bad news..:)
On a personal note, I've owned this stock for over two years and was actively involved until about nine months or a year ago.
Before then, some bad decisions were made by management and some management changes took place.
It got so bad that the company was operating out of some farm in Oklahoma.
Today, they have turned around and are producing on their promises, but, IMO, the past will come back to haunt them for some time.
The older investors don't have faith in the company, but as new investors come into the fold, things will change....for the better.
But, that will take time.
Meanwhile, the price is making momo moves and some money can be made......
as usual.....JMHO
Today's run..by the charts......
The run started at .16 and hit major resistance at .25
After it breaks through that, the next resistance is .30
Then, IMO, we could see another .10+ run at least......
Look'n good folks!!!!
EMB Corp. Reports Earnings of Two Cents Per Share
Updated: Wednesday, January 23, 2002 09:02 AM ET
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Jan. 23, 2002--James E. Shipley, president of EMB Corp. (OTCBB:EMBI)(Berlin:EMBI.BE) (Frankfurt:EMBI.F)(Hamburg:EMBI.H) today announced that EMB earned two cents per share for fiscal 2001 as reported in the recently filed 10-K.
Shipley said: "We are very pleased to report that the company made $0.02 per share for the fiscal year ending September 30, 2001. We still have a long way to go, and a lot of clean-up yet to do, however; we are very proud of the excellent job Rod Thompson and his entire staff at First Guaranty has done, along with Bill Parker and his staff at American National."
Shipley went on to say, "We are projecting an even better year for fiscal 2002, with more acquisitions, mergers, and growing only as permitted."
Check out this financial sheet.....VERY impressive!
http://biz.yahoo.com/fin/l/e/embi.ob.html
With the charts, the financials after the last acquisition, and the possibility of the ENNT dividend shares being issued, we may be seeing the beginning of a run through April.
Too many good things are happening for that not to be a consideration......
of course.....JMHO
As the charts see it......
From a high of .45 a month ago, the price has been on a downward trek.
On Jan 10, it appears to have bottomed at .12 and for the last week it's been predominately buying...
currently .16 with a good chance of a gap up tomorrow....
10KSB40 FILED.....
http://www.freeedgar.com/search/ViewFilings.asp?CIK=1017797&Directory=1050502&Year=02&SE...
If this link doesn't work, just go to freeedgar.com..
Today's news in email form.......
EMB Corporation (OTC-BB: EMBI)
announced that it completed the acquisition of First Guaranty Financial
Corp
What is EMB Corporation?
EMB Corporation (OTCBB: EMBI) is a financial services holding company,
which
provides a network to mortgage brokers, both retail and wholesale
through its
wholly owned mortgage companies, currently including American National
Mortgage, and First Guaranty Financial Corp. Mortgages originated by its
group of companies may be held temporarily for investment, or may be
sold to
third parties/financial institutions, or may be secured, packaged, and
sold
as mortgage backed securities. The Company will be expanded through the
acquisition of specific business-related companies that are well
established
in the industry to better serve its client base. Current acquisitions
are
American National Mortgage and First Guaranty Financial Corporation.
American
National Mortgage is a multi-state mortgage lender that specializes in
Home
Loan Programs from FHA to jumbo conventional up to $1 million. First
Guaranty
Financial Corporation is a wholesale and mortgage banker and broker
doing
business in fourteen states, at present time. The Company also intends
to
make capital investments in other financial holding companies that will
provide additional ancillary services to EMB. Through these wholly owned
subsidiaries, the Company will engage in business activities serving the
residential mortgage lending industry, real estate industry, etc.
Consumers
are served on a retail basis, while mortgage brokers are served on a
wholesale basis. In addition, because each Company's acquisition will
be
synergistic with the other, they will contribute to the Company's
overall
goal to maintain the Company's position as a key player, if not one of
the
leaders in the financial services business for the 21st Century. The
Company
also intends to look at mergers and acquisitions in other areas of
business
that might enhance shareholder's equity, such as the healthcare and
technology fields.
Financial Information
The Company's proforma for total mortgage fundings for fiscal 2002 is
approximately US$50 million a month or $600 million for the year. The
Company
envisions that 82% of its revenues will emanate from the wholesale
business
and that its retail mortgage lending business will generate the
remaining
18%. The Company is projecting revenues of approximately $8,000,000 from
mortgage banking and brokerage alone. They can project a net profit on
$600
million of new business with $8 million of revenues to be approximately
$800,000 or approximately $0.04 cents per share earnings based on
approximately 20,000,000 shares issued and outstanding and fully diluted
at
that time. This does not include any projections from other companies
that we
may acquire during the year. They anticipate that in the first three
years of
operation the Company will focus in acquisitions and in opening new
markets,
with expansion and consolidation of all of its operations during the
subsequent years.
EMB Corporation Stock Information
Symbol: EMBI
Exchange: OTC:BB
Shares Outstanding: 16,000,000
Float (Estimated): 3,600,000
52 Week Range: $0.02 - $0.44
For more information, read on or visit:
www.embcorp.net
Recent Developments
EMB Corporation's Subsidiary First Guaranty Financial Corporation
Exceeds
2001 Projections
HUNTINGTON BEACH, Calif., Dec. 5, 2001 (PRIMEZONE via COMTEX) -- James
E.
Shipley, President of EMB Corporation (OTCBB:EMBI) announced today that
its
wholly owned subsidiary, First Guaranty Financial Corporation, is having
a
record year for 2001 and has exceeded projections in originations,
fundings,
revenues and profits. First Guaranty Financial Corporation,
(http://www.mailstimulator.com/ies/link.php?id=748), headquartered in
Santa Ana, California, is a
multi-state wholesale mortgage lender that has a winning strategy in the
vastly competitive field of mortgage banking.
Mr. Rod Thompson, President of First Guaranty said, "Total fundings for
calendar year 2001 will exceed $540 million representing more than a
224%
increase over calendar year 2000." Mr. Thompson went on to say, "More
importantly the company will exhibit strong net earnings for the fiscal
year
ended September 30, 2001, based on gross revenues in excess of
approximately
$9 million instead of our projected $8 million for the period. We have
added
some new key personnel and expect demand for our mortgage products to
remain
robust throughout 2002."
James Shipley, President of EMB said, "We are very proud of the
excellent job
Mr. Thompson and all those associated with First Guaranty have done, and
continue to do." Mr. Shipley went on to say, "Technology for valuation
of
property, underwriting automation, and the entry of foreign capital into
the
U.S. markets will continue to provide an environment where well managed
mortgage lenders can thrive. EMB's formula for success is in place, and
our
strategy is to continue to assist FGFC with national growth,
advertising, and
increased technology through additional acquisitions, and/or mergers,
that
are presently in negotiations or under review."
EMB Corporation Releases October Results for First Guaranty Financial
Corporation
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Nov. 8, 2001--James E.
Shipley,
President of EMB Corp. (OTC BB:EMBI) today announced that its wholly
owned
subsidiary, First Guaranty Financial Corp., had a record month for
October,
and is having a record year in originations, fundings, and profits.
First Guaranty Financial Corp.,
(http://www.mailstimulator.com/ies/link.php?id=748), with headquarters
in Santa Ana, Calif., is a multi-state wholesale mortgage lender that
has a
winning strategy in the vastly competitive field of mortgage banking.
Rod Thompson, President of First Guaranty said: "Total residential
mortgage
fundings for the month of October exceeded $50 million for the 4th month
this
year. This represents a 242% increase over October 2000 with a dramatic
increase in profits for the same period. Record funding numbers and
volume do
not always equate to profits. However, First Guaranty is extremely
focused
and maintains a tight reign on costs of production and personnel which
does
equate to profits."
Thompson went on to say: "I recently attended the National Mortgage
Banking
Conference in Toronto, where most lenders were extremely bullish for
2002
despite the September tragedies and national corporate layoffs. Housing
values are strong, rates are at an all time low, and leverage is
tremendous.
"I believe that there has never been a better time to buy a home, or a
second
home, or an investment property. Whether a borrower is buying their 1st
home
with FHA financing, a move up home with 100% financing to $685,000, or
an
ultimate luxury home for 3 or 4 million dollars, FGFC offers ultra
competitive rates and service."
Shipley said: "We are very proud of the excellent job Mr. Thompson and
all
those associated with First Guaranty have done, and continue to do."
Shipley
went on to say: "Technology for valuation of property, underwriting
automation, and the entry of foreign capital into the U.S. markets will
continue to provide an environment where well managed mortgage lenders
can
thrive.
"EMB's formula for success is in place, and our strategy is to continue
to
assist FGFC with national growth, advertising, and increased technology
through additional acquisitions, and or mergers, that are presently in
negotiations or under review."
EMB Corporation Purchases First Guaranty Financial Corporation
HUNTINGTON BEACH, Calif., Oct 9, 2001 (BUSINESS WIRE) -- James E.
Shipley,
president of EMB Corp. (OTCBB:EMBI) today announced that it completed
the
acquisition of First Guaranty Financial Corp.
First Guaranty Financial, is a leading midsize mortgage
banking/brokerage
company originating loans through both wholesale and retail production
efforts, while doing business in 14 states, is well managed and
profitable.
Rod Thompson, president of First Guaranty said, "The company is well
suited
to perform satisfactorily in any mortgage climate as their production is
comprised of both entry level FHA borrowers as well as luxury home
buyers
with individual loans to $4 million."He further stated, "As of September
30,
2001, First Guaranty funded approximately $490 million in new mortgage
loans
for fiscal 2001, an increase of approximately 205% over fiscal 2000. Our
net
profit before taxes for fiscal 2001 is approximately $400,000 based on
gross
revenues of approximately $8 million for the period.
"Current record low interest rates based on the Federal Reserve cuts
should
fuel the mortgage loan business in general with even higher fundings,
higher
revenues, and higher profits for fiscal 2002. Our projections for fiscal
2002
starting October 1, 2001 is to fund approximately $600 to $650 million
with
solid progressive growth. We are looking forward to joining the new EMB
management team."Shipley said: "FGFC is a specialist in government-type
loans
and is Fannie Mae and HUD approved Service Provider, with direct
underwriting
capabilities. Rod Thompson, president of First Guaranty, will be elected
to
the board of directors of the EMB Corporation at its next scheduled
meeting.
"Shipley went on to say: "Current management of EMB is aggressively
pursuing
an acquisition plan that fits our new corporate direction, which is
becoming
a financial services holding company utilizing the latest in technology.
The
acquisition of First Guaranty fits our growth strategy and met our
criteria
as a business operating profitably with experienced management, and will
be a
great addition to the EMB companies."
The above news release's contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1934, including the
statements concerning expected results for the balance of the year and
expected store maturities. The statements are based on assumptions about
the
future, which are subject to risks and uncertainties, such as
competitive
conditions in retail, changes in consumer confidence, and normal
business
uncertainty. Actual results could differ materially.
Mission Statement
The Company's mission is to provide a network of financial services,
which
provide practical, yet innovative new scientific technology that
improves and
expedites the real estate mortgage lending process for mortgage/real
estate
brokers, credit unions, small banks, and individual users. It is also
the
company's intention to provide financing and/or purchase other business
that
are or can be profitable that may not be related to the mortgage or real
estate business, but will enhance shareholder equity.
Business Activities
The business activities of the Company will incorporate new scientific
technology to provide a service network to mortgage retail lenders and
ultimately to mortgage brokers throughout the country. Mortgages
originated
by the Company may be held temporarily for investment, or may be sold to
third parties/financial institutions, or may be secured and sold as
mortgage-backed securities. In addition to solidifying its residential
mortgage banking service business, the Company will, in an orderly and
organized fashion, launch several divisions including a REIT for both
residential and commercial properties, wholesale and retail mortgage
lending
services along with title insurance and escrow services, as well as
other
ancillary financial services. The Company's proprietary ASP will allow
its
clients to provide services seven days a week so that mortgage brokers
and
retail mortgage lenders always have on-line access to current interest
rates
and fees, all of which may be downloaded at any time to any computer
utilized
by the client. Similarly the status of loans being processed or
underwritten
would be able to be determined at any time from the client's terminals
that
originate the application. The borrower, or his/her agent, at any remote
site
will be able to utilize the Company's financial services network to
connect
with escrow, title insurance companies, credit correction and reporting
agencies, and other ancillary services that may become available.
Marketing and Sales Activities
Through its well-organized plan for marketing and sales activities the
Company has the opportunity to become a key player in the mortgage real
estate lending industry. Specific sales and marketing activity include:
Solidifying the Company's mortgage business through geographic market
expansions. Initial focus includes growing and expanding targeted
markets
(mortgage brokers, real estate brokers and credit unions) in already
established geographic areas of the state of California and subsequently
the
nation. To solidify newly initiated commercial mortgage business. To
subsequently begin operations on the Company's title insurance business
for
closings related to mortgage products. To acquire additional
mortgage-related companies that will improve and enhance the Company's
revenues over the long range. To also acquire additional ancillary
financial
services companies that can improve and enhance the Company's revenues.
To
invest in other financial services companies that will enhance the
shareholder equity of the company.
Management
James E. Shipley, President and CEO Due to his 30+ years of experience
and
knowledge of the real estate industry and in both retail and wholesale
mortgage lending businesses, the Company will be unique in its ability
to
recognize the many advantages that innovative technology can provide to
the
industry. He also has the ability to make tough decisions, with
excellent
communication and people's skills, and can successfully negotiate and
acquire
other companies that could enhance shareholder's equity.
Rod Thompson, President of First Guaranty Financial Corporation
William R. Parker, CEO and President of Saddleback Investments Services,
Inc.
d.b.a. American National Mortgage
Anthony John A. Bryan Jr., Senior Managing Director of Investment
Banking at
Global Transitions, LLC
John B. LaRue, Senior Managing Director of The Watley Group, LLC
Investment Opportunity
EMBI is an incredibly undervalued stock. Don't miss this one!
For more information visit:
www.embcorp.net
husker, I've searched several sites for any article with that statement in it and could find none.
First, There is no date on it, but it's at least six months old and, if it ever existed, is probably deleted by now.
Second, because it's so old, it shows nothing about the newest acquisitions, especially First Guarantee Financial Corp.
Their business has increased 242% over a year ago and, due mostly to them, EMB is projecting revenue of over 8-million.
Currently, we are seeing profit taking, which is pushing the price back down.
IMO, the lower it gets the better the profit potential is when it moves back up.
I think I found that at www.clearstation.com try EMBI and look under news articles. On clearstation I am user Cornhusker. I'm not sure but between there, here and msn moneycentral I forget once in awhile where I find things.
husker, Do you have any links for that information?
The only thing I could find was EMB saying that an unauthorized email was sent out by "someone" other than EMB.
Where did you find that info please?
If you found it on the EMB website, pleae post a link to it.
TIA
I saw this on another site, how does in play in?
Thanks
EMB Corporation is engaged in the business of mortgage banking through its subsidiary, Saddleback Investment Services, Inc., doing business as American National Mortgage. For the 9 months ended 6/30/01, revenues totalled $0, vs. $44K. Net loss from continuing operations totalled $3.8M, up from $1.1M. Results reflect the absence of any revenue generating operation and $1.8M loss in equity investment. http://www.embcorp.net
Correction re; shareholder DOR-ENNT...
I just received a second email from James Shipley, CEO:
One correction on the date for a person to be a shareholder of record to get the ENNT stock dividend. It was May 31, 2000, not March 31. Sorry for the mistake.
Those who were shareholders of EMBI on that date, are still entitled to the ENNT dividend.(one share of ENNT for every four shares of EMBI), regardles of if they own them now or not and, hopefully, by next April, the wheels can be set in motion to make that happen.
Email from James Shipley, Dec 20,2001....
Here is a complete and unedited response to my request for information from the company.
I am in receipt of your e-mail dated 12/19/01, and want to thank you for your interest in EMB. I will also attempt to answer your questions to the best of my ability.
1. Press Releases: I do not have an archive of the press releases from the past. When we took the company back over in August, we only have what has been published since that time. If you have the past six months of press releases, you probably have more than we do at this time.
2. Reverse Split: When new management took over EMB in 2000, they did a reverse of 1 for 15. That is accurate number.
3. Stock Dividend: The stock dividend was 1 share of ENNT for each 4 shares of EMBI that a shareholder owned on March 31, 2000. The 7.5 million shares of stock of ENNT was issued to EMB, and is being held in trust for the benefit of the shareholders by our attorney, Mr. Randolf Katz, of Bryan Cave LLP, in Irvine California. ENNT filed an SB-2 Registration Statement sometime in 2000 to register the stock for distribution to the EMB shareholders. After several comment letters with questions etc., from the SEC, management of ENNT decided to withdraw the SB-2 Registration Statement, and reorganize the company. According to our attorney, we cannot distribute the stock to the shareholders without SEC approval, or until such time EMB would have held the stock long enough to distribute the stock legally by meeting all the rules and regulations of the SEC. At the present time, we have to wait until after April 1, 2002 at which time we will see what our options are, and hopefully we can legally meet all the rules required to distribute the stock to those shareholders that were shareholders of record on March 31, 2000. The transfer agent has that list available for us when we need it. It is not a dead issue by any means, and I will do everything I can to make sure the shareholders get what was promised.
4. Shareholders: You do not have to be a shareholder today to get the dividend that was announced in the year 2000, only a shareholder of record as of March 31, 2000.
5. Information: As for keeping you informed on what is going on with the distribution of the ENNT shares, and EMB in general, the answer is yes, of course, I will be more than happy to put your e-mail address on our EMB e-mail list, and keep you informed along with the public at large when anything does happen, or when there is anything to say about EMB.
I do appreciate your interest in the company, especially keeping people posted about the facts, not hearsay, or in some cases, people just being absolutely wrong about everything. We are doing our best to bring this company back to life, and I can tell you it is not an easy road to travel. I understand and can certainly sympathize with people when things don't go the way they would have wanted them to go, and some cases lose money on the stock or stocks they have purchased. I will tell you that we have certainly made our share of mistakes, and hopefully will not make the same mistakes twice.
We will be filing our September 30, 2001, 10-K audited statements on or before January 15, 2002. It will look better than 2000, but we still have a long way to go. We are expecting to show a strong recovery for the fiscal year 2002. Of course, bear in mind, the over all economy will have a lot to do with the results of EMB for fiscal 2002, and all we can do is our best, keep making acquisitions, mergers, and try to bring about shareholder equity and value.
A lot of companies in the same business as EMB vanished from the scene over the past couple of years, with some filing bankruptcy. So, I suppose we can and should be thankful that EMB is still around, giving it the old college try, and always keeping a good thought. I can only promise you one thing, and that is, that I will do the very best I can, with full honest disclosure at all times.
I hope I have been able to answer all your questions satisfactorily, and if I can be of any further help, please do not hesitate to call on me. In the meantime, please accept my wishes for a very Merry Christmas, a Happy New Year, and a successful profitable 2002.
James E. Shipley, President
EMB Corporation
There is a wealth of information available on this company, as you can see from the intro,(sorry about the length, but you can hide it if you desire.)
On December 17,2001, Mr. Shipley was interviewed.
To read a copy of that, go to;
http://www.streetiq.com
click on Q and A Transcripts....
Welcome to the EMBI board.
I hold a small position in this company.
It was a bit larger...:) before the R/S and before the company almost disappeared from the facr of the earth.
Now, it appears it's coming back and now may be a great bottom fishing opportunity.
About a year or so ago, this company declared a stock dividend, of ENNT shares for EMBI shareholders.
It never happened.
Here are some statements from Mr. Shipley about that;
Dec 13,2001
For what it is worth (from Mr.Shipley)
I emailed some questions to equitybroadcast.com about their interview with Mr. Shipley. These are the answers that I got back from him. ( Equitybroadcast forwarded my questions to him).
Mr. xxxx: Equity Broadcast forwarded a copy of your e-mail to me. First, I would like to thank you for your inquiry, and I will attempt to bring you up to date.
1. EquityBroadcast did not ask me any questions about the ENNT stock or distribution. This was an interview on the new direction of EMB, why, and how. It was not discussed at all.
2. When I was in charge in the past, we did a transaction for the EMB shareholders that we thought was a good one at the time. The ENNT stock for the shareholders of EMB, which amounts to 7.5 million is being held by our attorney, in trust. ENNT filed a registration statement sometime in the year 2000, and withdrew the filing in April 2001, I think. There were several reasons they gave for withdrawing the registration statement, mainly the cost, and constant delays with questions from the SEC, etc.
3. It is my understanding from our attorneys, that after April 1, 2002, EMB will find out exactly what we can do with the stock from ENNT and we are hoping that we will be able to distribute it sometime after that date. It will be up to what the SEC rules and regulations say we can and cannot do.
In summary, the stock is still there for all the shareholders, and I am doing my best to bring EMB back from where it was. So far, we have had some success, and we are planning on having more in the future. I know there are plenty of shareholders that are not happy, and many have written there own opinions about everything, and most of them are simply not factual, and have no basis for what has been written. Please feel free to contact me at any time, and I will certainly fill you in on anything that I know, and can legally say and do.
Again, thank you for your inquiry.
James E. Shipley, President
EMB Corporation
These statements were sent to a poster on another message board.
My thanks to cabowabo55.
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