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FSTH SEC Suspension:
http://www.sec.gov/litigation/suspensions/2013/34-70976.pdf
Order:
http://www.sec.gov/litigation/suspensions/2013/34-70976-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2013/34-70975.pdf
Our CEO, Bobby R. Smith Jr. has asked me to respond to your message asking for an update on the progress of our company.
Four Star Holdings, Inc has completed the acquisition of three companies that are owned or controlled by Bobby R. Smith Jr., (CEO of Four Star Holdings, Inc.) and Fran Mize, (President of Four Star Holdings, Inc.) Our plan calls for the the acquisition of 5 more such companies that are owned or controlled by Bobby and Fran. When this is complete, Four Star Holdings, Inc. will own the 8 companies that comprise Bobby and Fran's land acquisition, land development, home building, and real estate sales activities.
At that time, we will begin a formal PR and IR plan to reintroduce our company to long-term investors.
Currently, we are in the process of securing non-bank financing to execute our 2011 business plan, which includes retirement of the senior debt of the remaining 5 companies so that we can legally transfer title of their assets to the public company.
Sincerely,
Al Rhoney, CFO
Just waiting for it to come back down to my bid, it's acting very stubborn lately.
Many shares were traded in the .30 to .35 range in October 2010, I think we can see that level again.
I think the true value of this company can support a much higher share price.
thinking to change it to 0.19?
Moving on up, nice, I think that's a good bet.
0.08s are going, my shares are on sale @0.15 lol
glta
It will be interesting to see if you get another chance on Monday, today was a very unusual trading day for this stock. Hopes are high for another nice run to double digits...GLTY
not able to get 0.04s, too bad
Get them while they're HOT!!
Didn't you know, it's 200 share block day??
I expect this to turn in the new year, more positive outlook coming.
I'm accumulating slowly with gains from the last run..
hey guys any one out there? this stock seems pretty solid, and is flying under the radar right now; Alabama is one of the few active real estate markets right now, and it has several projects in the works. Has a good relationship with DR horton; Have 100k shares at these levels, will buy more if it dips to a penny. it seems it could potentially be a take over target by one of the big home builders in the area. Insiders own about 90 percent of the company, as long as they dont sell out, this could fly imho. glta
Q just out, and they have acquired some serious assets.
Yeah I spoke on this one before to you. Byers now seeing light of asset value and finance programs coming for them. Def undervalued.
Be ready guys. It will be another run today. Holders can gain profit.
Some news letters are alerting today.
yes over 200% today this one is very thin
1m float here ? im hearing some big newsletter hitting it this week
Nothing. No events. Some news letters promoted this. Good chance for long time holders to make some profit.
What is the driving event today, can you share it?
Four Star Holdings Inc.'s management gives a rebuttal to the testimony by Fed Chairman Bernanke where he said, "The housing market remains 'weak'." His focus was on national trends, but he did not mention any positive trends within certain U.S. sectors, specifically in the Birmingham, Alabama region where housing remains strong.
Among all the indicators discussed, the following five economic reports concur that Four Star is in the right part of the country for real estate development. Also a third party research report by Market Graphics Southeast (http://www.mgsoutheast.com) shows that the Birmingham metropolitan area is anything but weak.
1) In the survey compiled by a California based researcher, Clear Capital (www.clearcapital.com), Birmingham ranks among the nation's highest performing major markets. For the four months ended in June 2010, Birmingham area prices rose 18.2 percent compared to the previous three months. That's the fourth best quarterly boost in the nation. Combined with Birmingham being 3rd in the country in housing starts clearly indicates that Four Star Holdings, Inc.'s target building area is ripe for builders.
2) Similarly, the University of Alabama released a survey of 345 business executives across the state, which is the foundation for the Alabama Business Confidence Index. That survey indicates that the state is in an expansion - after 10 consecutive quarters of contraction. The index reached 51.6, which is up 2.1 points in the second quarter. "Given the successful forecasting history of the index, this should be a good indication that the recovery has taken hold," noted the officials from the University's Center for Business and Economic Research.
3) The St. Clair Times (One of the fastest growing counties near Birmingham) reports that if the U.S. Census Bureau estimates are correct, three St. Clair county municipalities are among the fastest growing in Alabama. Estimates released on the Census Bureau's web site show that Moody, Pell City, and Springville all grew more than 35% in the last 10 years.
4) CNN Money says congratulations to those who live in Birmingham, Alabama because "the housing tornado passed you by."
5) This population growth has been fueled by the great business climate in the Birmingham Metropolitan area. All signs point to a growing need for new homes. Indeed, Lawrence Yun, the chief economist at the National Association of Realtors, reported in June 2010 that he predicts a looming housing shortage by the end of 2011.
Fran Mize, President of Four Star Holdings, Inc. - the area's fourth largest home builder - says, "Even though we have a great deal of respect for Mr. Bernanke's achievements during our national time of crisis, those who are making decisions about local markets would do well not to use the same national brush to paint our local markets."
ABOUT CLEAR CAPITAL:
Delivers highly accurate and reliable valuations including Appraisals, Broker Price Opinions, Property Condition Inspections, Value Reconciliations and our powerful Home Data Index.
ABOUT FOUR STAR HOLDINGS, INC.
Four Star Holdings, Inc. (OTCBB:FSTH) is the 4th largest homebuilding company in the Birmingham area. The company operates in four segments, Land Acquisition, Land Development, Structural Community Planning including Homebuilding, and Realty Brokerage Services. The corporation is headquartered in Odenville, Alabama.
The Four Star Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7467
SAFE HARBOR STATEMENT
This Press Release contains or incorporates by reference "Forward-looking statements," including certain information with respect to plans and strategies of Four Star Holdings, Inc. For this purpose, any statements regarding this announcement, which are not purely historical, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including Four Star Holdings, Inc. beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to Four Star Holdings, Inc. as of such date. There are a number of important factors that could cause actual events or actual results of Four Star Holdings, Inc. and its subsidiaries to differ materially from those indicated by such forward-looking statement.
Hi Roach,
Four Star is the 4th largest home-building company in the Birmingham, Alabama, has a very low float and is poised to move much higher with volume. They recently arranged funding, and have plans to promote the company in the near future with the recently retained IR. http://ih.advfn.com/p.php?pid=nmona&article=43909101&symbol=NB^FSTH
Waiting for some public awareness, this was trading in the dollars not long ago.
Thanks for looking roach, hope all is well.
Hey TTR!! What's going on over here?
Four Star Holdings, Inc. Shareholder Update
Today : Thursday 16 September 2010
Click Here for more Four Star Holdings Inc. Common Stock Charts.
Four Star Holdings, Inc. (OTCBB:FSTH) operates as the 4th largest homebuilding company in the Birmingham, Alabama, area; closely competing with D.R. Horton (DHI) and Lennar (LEN) as a fully integrated builder and developer. The company operates in four segments, Land Acquisition, Land Development, Structural Community Planning & Homebuilding, and Realty Brokerage Services. The corporation is headquartered 30 minutes from Birmingham, in Odenville, Alabama.
Officers/Directors Bobby Smith Jr. and Fran Mize have folded in three of their eight businesses into Four Star Holdings, Inc. The acquisitions that are complete are, Ridgefield Development Corp., Twelve Oaks Properties, Inc., and Four Star Realty, LLC., with total appraised assets of $19,500,000 and a net asset value of $6,000,000 (appraised at Fair Market Value). Smith and Mize have stated their intention to acquire their other private companies as audits are completed. Once complete, it is projected that Four Star Holdings, Inc. assets will exceed $78 million with a $43 million net asset value.
The Company has over 5,300 residential building sites in various stages of completion that are available to build on themselves or sell to other builders. Their residential neighborhoods include amenities that are normally found only in more expensive "gated" communities which makes their neighborhoods a more desirable. The anticipated completion of their current residential neighborhoods will be in the next 8-9 years, with forecasts of $90,000,000 in gross sales yearly over the next nine years. The Birmingham metropolitan region ranks as one of the leading business centers in the Southeastern United States and is also one of the largest banking centers in the U.S. In a recent article, Money Magazine claims that despite a poor real estate market and the housing crisis certain markets are expected to show price gains in the following months and years. Birmingham is one of the cities and towns which have been virtually uninjured by the real estate crisis, seemingly insulated to the problems that have plagued the rest of the nation.
Smith and Mize have built to date over 1,100 single family homes, over 30 commercial properties, numerous multifamily projects and one town home complex with a number of projects currently in various stages of construction. Over the past 18 months during the housing crisis, the Company has shown stability in the company's operation. They have seen a large percentage of their Home Building Competitors cease doing over the past several years. This fact, coupled with Four Star's ability to develop their own building lots as opposed to purchasing them from another developer, gives them a significant competitive advantage and bodes well for their future as the housing market begins its turnaround.
http://ih.advfn.com/p.php?pid=nmona&article=44396900&symbol=FSTH
Quarterly Report (10-Q) filed 8/18/2010
http://ih.advfn.com/p.php?pid=nmona&article=44061850&symbol=NB^FSTH
Funding news and promotion to start soon according to the IR.
Yeah im ready to roll. lets pump this thing monday and make some money
Get your shares mich?
Who's holding out for .32 and who's bidding .25?, I really want some more at .15 or below!
I would suggest getting more shares Monday before you let people know about this breakout. I would rather buy at .30 then at $1 or 2.
well some got at .20, it's time to roll! hehe
Guess I need to up my bid, only got a few..the .15's were mine.
Here comes the breakout boys....can't wait for Monday. Im setting my sell order at $2.
Chart looks very thin.. I am thinking of grabbing a small starter position too.
Thinking of jumping in here, what brought this to it's knees? TIA
Chart looks great for a reversal.
Hello everyone from CPN, We are in!!
Yes we believe this stock will do well and we are starting in on a campaign. This may be the last time you see the stock this low so I suggest you take advantage of this time frame.
nice, we need it to break so it goes back above 1.45..
couple nice hits on fsth..
Let's see if we can make something happen here today. $1.1 is unreal. Bring FSTH back up to $1.4s
quiet quiet quiet here for now
still banking on it..:)
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Four Star Holdings, Inc. (OTCBB:FSTH), operates as the 4th largest homebuilding company in the Birmingham, Alabama area, closely competing with D.R. Horton (NYSE:DHI), Hovnanian Enterprises, Inc (NYSE:HOV) and HPH Homes, LLC as a fully integrated builder and developer. The company operates in three segments, Land Development, Structural Community Planning including Homebuilding, and Realty Brokerage Services. The corporation is headquartered in Odenville, Alabama.
Four Star Holdings Inc.
785 NE 83rd Terrace
Miami, FL 33138
Phone: (786) 554-2771
As of March 31, 2010
Authorized Shares: 100 million
Outstanding Shares: 8 million
Float: 1.45 million
Latest Form 10Q: www.otcmarkets.com/edgar/GetFilingHtml
The company has acquired two private entities, Ridgefield Development Corp., founded 2002 by Bobby Smith, Jr. and Fran Mize and Four Star Realty, founded in 2006 by Fran Mize and Bobby Smith, Jr. Both companies combined have an appraisal of a "Fair Market Value" of approx $10.5 million. Future acquisitions are intended to be rolled in as audits are completed that are quickly expected to exceed $70 million with a $35 million debt service. The Company has over 5,300 building sites in the region with an average of $176,500 per unit sales which is anticipated to be completed in the next 8-9 years. This forecasts the company to average roughly $104,000,000 in gross sales yearly over the next nine years.
The companies have built to date over 1,100 single family homes, over 30 commercial properties, numerous multifamily projects and one town home complex with a number of projects currently in various stages of construction. Over the past 18 months during the housing crisis, the Company has shown stability of the company's operation and holdings; they have seen 60% of their Home Building Competitors dwindle due to over leveraging and higher than normal carrying cost of inventory. This is due to the Company's conservative inventory levels giving it the ability to sell homes at a better than average sale price compared to its competitors. Four Star Holdings’ goal is to be recognized “as a primary source of building lots” in Alabama, at a time when there aren’t many other companies developing lots.
The Company's building region ranks as one of the leading business centers in the Southeastern United States and is also one of the largest banking centers in the U.S. Money Magazine claims that despite a poor real estate market and the housing crisis certain markets are expected to show price gains in the following months and years. Birmingham is one of the cities and towns which have been virtually uninjured by the economy, seemingly immune to the foreclosures that have plagued the rest of the nation. Along with the National Builder Association indicators, Birmingham has dramatic rise in multifamily starts, staging the Company's region number 3 compared to the rest of the country.
According to the Alabama Center for Real Estate's monthly home sales report, the total number of homes sold during the month of March showed a 49% increase over sales from February and a 14% increase over February of the previous year.
Fran Mize
PRESIDENT
Bobby Smith Jr
CHIEF EXECUTIVE OFFICER
Four Star, based in Odenville, Ala., was incorporated in the fourth quarter of 2009, and is a combination of several other companies that it acquired on March 31: Ridgefield Development Corporation and Four Star Realty. Both of those firms were founded, in 2002 and 2006, by Fran Mize and Bobby Smith Jr., who are Four Star Holdings’ president and CEO, respectively.
Mize and Smith have worked together for 12 years. Fran Mize as a real estate agent and Bobby Smith Jr. as a second-generation home builder. Four Star Investment, the holding company’s home building entity, is an offshoot of Smith’s previous company, B&B Contractors
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