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NXHD news coming soon 7.6 mil float and dtc chill order no new shares are allowed to enter the market
THRI is still at .0001 and has very little volume the past few months.
Keep a close eye on BANI guys!! 1.15x1.25 http://stockcharts.com/h-sc/ui?s=bani
THRI is will be the hot play here soon!
SRGE may be ready to move! Company has just updated its officer listing in the state of NV!
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpSearch.aspx
THRI interesting technology they have! Could be huge!
SRGE year ended is for March 31. Revenue will be about 8 million for the year ended March 31, 2007.
Is that Q2 in June?
AFA,V - Last @ .38 - Up 10% on 2,173,800 shares of trading
http://www.stockscores.com/quickreport.asp?ticker=v.afa
CPP.V - Last @ .57 - Up 14% on 221,000 shares of trading
http://www.stockscores.com/quickreport.asp?ticker=v.cpp
SRGE may move fast once financials come out in June.
LoveAGain, nice chart...
Justa
CHNW churning nicely before .01+
FSMH: HUGE NEWS!Atlantic Syndication Network Enters Into Letter of Intent to Acquire $7.5 Million of FSBO Media Holdings Assets
Atlantic Syndication Network Inc. (OTCBB: ASNI) and FSBO Media Holdings Inc. (PINKSHEETS: FSMH) announced today that they have entered into a Letter of Intent in which Atlantic Syndication Network Inc. will acquire specific businesses and selected assets of FSBO Media Holdings Inc. ASNI plans to purchase 100% of "For Sale by Owner" A/K/A FSBO brand names, certain business licensing rights and trademarks including: "FSBO Web TV," "FSBO HSPN.COM," "FSBO VideoSpectus," "FSBO FN," "By Owner University Training CDs," "Help-U-Build Guide and CD," "RelaxRelax Inc., d/b/a FLV Hosting," "Video Birthdays," "Video Business Cards," "FSBO Travel" and specific domain names to be referenced in the final agreement. ASNI Website - www.asni.tv ; FSBO Website - www.fsbomediaholdings.com
ASNI engages in the development, production, and distribution of television programs, commercials, infomercials, and ancillary products targeting domestic and international distribution. ASNI, having the financial benefit of owning its own state-of-the-art television studio, subsidized its creative team during the last 2 years in the development of high-end, web-based projects to support projected infomercials and website driven sales. Today, the company has defined a number of specific proprietary multi-media infomercial projects for distribution and is able to produce high-end content at considerably less than many of today's producers and production companies.
Kent Wyatt, President and CEO of ASNI, states, "The convergence of television and the internet has been inevitable and the impact this is having on all forms of television and the advertising business is major. The contribution and effect VOD (video on demand) has on the entertainment business via the internet is unbelievable; but, it's even more exciting to know that this technology literally dominos and complements most every form of business through all forms of media. FSBO has definitely demonstrated its ability to take advantage of this technology."
Major TV broadcasters and cable networks have announced a flurry of VOD and online initiatives that appear to have the potential to ultimately change the fundamental nature of TV content distribution business. Both NBC and CBS are moving top prime-time programs to VOD services that allow consumers to time-shift their viewing. ABC is making its entire nightly news program available online, while CBS and NBC are also putting more of their TV news content available via broadband Web access. Warner Bros. is making thousands of full-length TV episodes from its archives available online through AOL. NBC Universal is preparing to offer movies on an internet peer-to-peer file sharing service of the kind used to swap digital songs. TiVo is preparing to offer a new system that enables viewers to capture and download prime time shows onto their iPods for watching on the run. Beyond the TV realm, other media companies are making moves to become online or VOD distributors of TV content. For instance, giant magazine publisher Meredith will be producing its magazine content into video formats for VOD, Yahoo! and the other large internet portals, meanwhile, continues to expand their offering of digital video from a wide array of sources. "Advertising Age News" (December 1, 2005).
Wyatt continues, "Whether it's TV, radio or print, most responsible businesses direct us to their website; and today, media experts such as 'Advertising Age News' are right: VOD is here! ASNI's goal will be to take advantage of its creative and multi-media veterans to further expand and promote these businesses via VOD."
The proposed acquisition of FSBO assets will be consummated through the issuance of a combination of ASNI's common and preferred stock, and stock options with a total purchase price set at $7.5 million dollars. Upon closing of the proposed transaction, ASNI will select additional management and members to the board of directors to complement and help accelerate the growth of the company.
Steve Bazsuly, President of FSBO Media, said, "The acquisition of FSBO assets by ASNI will definitely benefit each of the company's shareholders. FSBO shareholders will receive a dividend distribution of shares in ASNI and at the same time still own shares in our Pink Sheets company. Presidential Holding, Inc. will be retained by our company and is not part of the asset acquisition." He also added, "The acquisition and financing opportunities as well as the mutual talent and combined effort will open new doors for the future growth of both companies."
The Proposed Transaction is conditional upon both parties' satisfactory completion of the Due Diligence effort, a definitive agreement and approval by all relevant parties involved including the Securities and Exchange Commission.
USNR has been jumping between .20/share and .50/share for the past few weeks. I bought at .30/share, and sold at .50/share about 3 weeks ago, just picked up another 30,000 shares at .20/share, and it should hit .40/share sometime early next week.
SNRN is another good one for flipping, you can pick it up around .18-.20/share right now, and sell it around .22-.24/share same day. Not too shabby for a 20% profit.
CXIA is another one to watch. Pick it up around .13/share today, and it should hit $.17/share by Monday.
CHNW is smokin' hot. Just screemed out of the gate today.
BBAN is moving up again.
MM's don't have any shares. 20dma resistance is broken. Get your shares here. This one is heading for 35+.
UPDA getting alot of buys at .109 : )
SDVI this one could be huge hearing some strong rumors on new coming out next week!! Good time to accumulate here. With the holiday season getting underway this one should rocket IMO!!! Watch it and put it on radars!!!!
http://www.investorshub.com/boards/read_msg.asp?message_id=13183582
Here is one that since Aug 4th is up 80% but is only just getting started. 5 bagger by end of Sept. IMO See why with this detailed DD.
COMPANY BACKGROUND
Cerro Dorado, Inc. ("CDCH" ) is a junior exploration company
that was formed in March 1999 following a 15:1 reverse split, name change
and a new management team taking control of Weather All Manufacturing Corp.
The Company's primary objective is to explore and develop its Lobo /
Solatario - Fortuna de Lampa & Ipun Island claims to the point that a major
mining company will either join Cerro Dorado as a joint venture partner in
further exploration and development, or, make a tender offer for the
Company. In contrast to most junior companies, Cerro Dorado owns its
properties outright, something I believe will prove to be a big plus in
current negotiations with major mining companies.
One of Cerro Dorado's "hidden assets" is its relationship with Sr. Juan
José Quijano, a professor of mining law at Santiago University, and dean of
Chile's law school. He also practices before the Chilean Supreme Court.
Sr. Quijano was appointed by the Peruvian Mining Commission to
re-write Peru's mining laws; previously, Sr. Quijano had led the team that
successfully re-wrote Chile's mining laws and investment codes. I believe
that Sr. Quijano's association with Cerro Dorado provides significant
credibility to CDCH's Chilean operations. With his political, industry and
government connections, I believe that Sr. Quijano's ties to Cerro Dorado
will prove to be invaluable in terms of permitting / developing properties
they now own, as well as getting access to other potentially world-class
projects in Chile and Peru.
The 270-hectare La Fortuna de Lampa ("Fortuna") project is located about 40
km NW of Santiago in the coastal range of Chile at an elevation of
approximately 2,000 meters. Cerro Dorado acquired a 100% interest in the
Fortuna project in April 1999 (subject to a 20% NPI capped at US$5
million).
Fortuna is bordered to the west by Medinah's Alto de Lipangue project,
where a huge (200 by 400 meters, projected to at depth of at least 1,000
meters) gold-copper breccia was recently discovered. Interestingly, the
biggest gold nugget ever recovered in Chile was found on the Fortuna
property - it's currently on display at the mining museum in Santiago.
The area surrounding the Fortuna mine has been exploited since Spanish
conquistador times for both alluvial gold and oxidized portions of the high
grade quartz veins.
The first modern day mining activities at the Fortuna property occurred
around the turn of the century during which time the mine was worked for
several years; several decades later, in 1941, mining activities started
again, and, over the next 30 years, approximately 2,000 MT ore were mined,
with recovered grades averaging 64 gm Au and 52 gm Ag.
At present, there are over 1,100 meters of underground development on four
levels at Fortuna (about one-third of the development representing drifting
along the Fortuna vein), including six shafts and five chimneys.
Independent geologists and engineers estimate that by re-opening the old
workings that at least 80% of the ore reserves still in place would be available for mining and recovery. The Fortuna mine has a great deal of potential for new resources to be discovered beyond the limits of the existing proven, probable and possible ore blocks.
The vein style gold mineralization at Fortuna occurs in a series of
sub-parallel, fault-hosted quartz veins that strike N-NW and dip fairly
steeply to the northeast. The main vein on the property is called the
Fortuna vein; it can be traced underground and on surface over a total
strike length of about 800 meters, and remains open at depth and along
strike to the south. The mineralized quartz veins are narrow (averaging
about 30 to 50 cm in thickness) but extremely rich.
On the surface, several other veins occur within 5 or 10 meters in the
hanging wall of the main vein and may be splays off of the main structure
or fault-repeated veins. West of the Fortuna vein, at least 5 sub-parallel
veins or vein zones ranging in width from 0.2 to 2 meters have been
identified by A.C.A. Howe.
STRONG INDICATIONS OF WORLD-CLASS Au-Cu BRECCIA PIPE ON CDCH PROPERTY
At the very south end of CDCH's Fortuna property, a low bowl-shaped area
(measuring about 250 by 250 meters) has been identified. Although no
outcrop has been found, the area has a similar surface expression as
Medinah Mining's newly discovered Alto de Lipangue copper-gold breccia
pipe, located about 1.75 km to the southwest.
Drilling at Medinah's Lipangue breccia has returned impressive results. The
discovery hole (L99-03) intercepted 84 meters averaging 1.72 g/t Au, 10.07
g/t Ag and 0.40% Cu. Two step-out drillholes (L99-06 & L99-07) returned
intercepts of 154 meters grading 0.60 g/t Au, 13.7 g/t Ag and 0.39% Cu &
124 meters averaging 0.49 g/t Au, 9.68 g/t Ag and 0.31% Cu, respectively.
There are reports that geophysical surveys now underway on the adjoining
property have traced the Lipangue breccia to a depth of over 1,000 meters.
More importantly, the surveys apparently have discovered two other sizeable
breccia pipes on the Alto de Lipangue plateau - one of which, we believe,
is situated on the southern part of Cerro Dorado's Fortuna property!
Robert Cintis, the author of the A.C.A. Howe report, observed in his report
(p. 50) that "often breccia deposits will occur in clusters and it would
not be unrealistic for additional pipes to occur on the Lipangue plateau."
More importantly, breccia pipes are often indicative of a major intrusive
or porphyry system at depth. The distance between Medinah Mining's Lipangue
breccia and the apparent breccia pipe on Cerro Dorado's property suggests
that a massive Au-Cu porphyry deposit with world-class tonnage potential
may underlie the Lipangue plateau!
A.C.A. HOWE INT'L REPORT SUBSTANTIATES POTENTIAL OF CDCH PROPERTY
Howe Chile Ltda. ("Howe"), part of the A.C.A. Howe International group of
companies, recently issued a geologic report on Cerro Dorado's property.
The report's conclusions and recommendations (pg. 55) were:
(1) "The Fortuna vein....can be traced at least 800 meters along strike,
widening to the south, and based on the previous underground sampling
programs, shows a remarkable continuity in gold values over its 300
meter strike length and 100-meter down-dip extension in the mine."
(2) "...the Fortuna Property could host a significant gold resource, that
it is open to both the south and at depth and that with a minimal
exploration program the potential size of the deposit can be
substantially increased. Other parts of the land position have only
been reviewed on a preliminary basis, or not at all, and should be
further explored, since the potential exists for additional
Fortuna-style veins. Other early-stage targets occur on the property,
such as the possible breccia target in the south that should be
further explored. Howe concurs with these target objectives."
(3) "The Fortuna Property area should be evaluated for small tonnage, high
grade, vein-style gold mineralization and large bulk-tonnage mineable
copper-gold breccia style mineralization..."
:k MORE FOUND;
A new breccia occurrence has been mapped and sampled between the 1,300 to 1,700-meter elevations.
Salt Lake City, Utah – March 14, 2006 . . . Management of Cerro Dorado, Inc. is pleased to report encouraging results from the recently completed examination on the company’s Lobo Solitario property, Region 5 Chile.
The recent 14-day field program was designed to follow-up and budget a new Phase I, 2006 exploration program. This follow-up program was recommended in the A.C.A. Howe report by Robert Cinits P.Geo., in 1999.
The addition of new claims to the north, east and south of the original property has changed the proposed exploration program due to a better regional geological understanding of the property including the new breccia.
The new breccia is now considered to be similar to the main Gordon breccia that Medinah drilled from 1998 to 2001 on the adjacent property, about 3 kilometers to the southwest.
The addition of the new ground substantially expands the present land holdings and was added to fit with a porphyry-style geological model.”
ALSO PART OF CDCH:
IPUN ISLAND GOLD PROJECT (CHILE)
On June 23rd,1999 Cerro Dorado issued 600,000 restricted shares to acquire a
60% interest in the Ipun Island project, located 400 km south of Puerto
Mont, Chile. Medinah Gold, Inc. (a private company) holds the remaining 40%
interest in the project.
Ipun Island, approximately 10 km long and 19 km wide, hosts large areas of
gold-bearing placer sands covering major sections of the shoreline and
inland dunes; bedrock-hosted gold deposits are presumed to be the source of
the placers. The island has a mild climate, and the property can be
accessed and worked year-round.
A preliminary evaluation by Ralph Bonham suggests that with a modest amount
of additional exploration work, Ipun Island might be developed as a
small-scale, low cost placer operation, generating sufficient cash flow to
fund a comprehensive exploration program that would assess the island's
placer and lode potential (for both gold and PGE's).
Cerro Dorado has deferred work on Ipun Island for the time being, electing
to concentrate on its Fortuna property.
:L My main reasons for Investing in CDCH:
(1) Tight Share Structure - we estimate that there are about 130 million
unrestricted shares of CDCH, of which most IMO are in "friendly hands". It should also be noted, there are only 128 current registered share owners.
(2) Major News of JV Expected Shortly –Since Aug 4th, 2006 this stock has gone up 80% in anticipation of this. There is clear proof the constorium of majors wants both properties and both are attached at the hip. Due to more recent finds they wanted to increase the size of their claims and they have. From lastest news release from CDCH:
“Recent discoveries include finding of a major mineralized breccia pipe. This discovery could pale in size to the suspected gold/copper porphyry located at depth. These discoveries have recently prompted Cerro Dorado, Inc. to more then double the size of our claim blocks.
A joint venture agreement, with a consortium of major mining companies, may be concluded shortly. (AGM is set for Sept. 23, 2006) Cerro Dorado, Inc. will update as needed. Major mining companies have been doing work of their own on the property as of October of last year. Recent satellite photos show that their work is indeed extensive: http://cerrodorado.com/projects/”
From the Medinah newsletter dated March 14th 2006 2nd to bottom paragraph
“The addition of the new claims more than doubles the present Medinah land holdings and expands the exploration play for Medinah Minerals, Inc., and adjacent Cerro Dorado Inc.’s company projects. This regional package, with its numerous mapped and drilled mineral targets, would now fit a porphyry-style geological model”.
From Cerro Dorado Web site: “"In addition, we want to inform you that Mr. Bruce Turner has been working on behalf of Cerro Dorado shareholders. Mr. Turner is taking on a very prominent role in assisting the company to continue to move forward with funding matters, contractual negotiations, finalization of infrastructure issues, and joint venturing implementations relative to the Lobo Solitario property."
Bruce Turner is involved with Joint Venture on behalf of both CDCH and MDMN. Here is a little about him.
Bruce Turner’s background is replete with accolades as to his education and expertise in all aspects of mining, with emphasis in the country of Chile. He graduated with an Engineering Degree from the University of British Columbia in 1974. He then matriculated in advanced studies at Harvard University. Bruce Turner began his Mining Engineer career with BHP-Billiton in 1976, holding various positions with BHP including the Presidency of BHP’s Hidden Miner project in Chile’s Atacama Desert. This project, the Minera Escondida Limitada mine, is one of the largest copper producers in the world. In June 2004, Mr. Turner was awarded an Honorary Doctorate of Technology Degree (D. Technology-Hon), from the British Columbia Institute of Technology for his outstanding vision and commitment to the development of mining trades and technical training of Chilean mining workers. Mr. Turner is an exemplary individual who is well known and respected throughout the Mining community of companies.
Dated Aug. 9th, 2006
“The results of the recently completed work have indicated that an area of the southern part of the claims is an excellent target for further exploration work. Mapping has shown this area to be covered with a large number of quartz and molybdenum structures. Local sampling of this quartz has shown it to contain up to 6-to10 g/t gold.
The IP/Resistivity survey over this area has shown a strong, widespread zone of high resistivity (interpreted as silicification) and a co incident high polarization (interpreted as the presence of sulphides). This area constitutes an impressive target zone given the presence of strong gold and base metal mineralization at the Fortuna Mine and Gordon Breccia. The new Cerro Dorado, Inc. Breccia to the north and the Lipangue Breccia, the Dos Marias Property, and the past producing molybdenum properties (acquired in late 2005 by Medinah) requires more detailed geophysics surveys included in the new budget.
The results of the CSAMT survey, however, have located discrete zones of apparent resistivity that are interpreted as being zones of silicification, possibly gold mineralized. These represent secondary targets of possible high-grade gold mineralization, some of which will be tested as part of the program to investigate the area to the south covered by the IP/Resistivity grid.
Cerro Dorado, Inc. will survey, detail map and sample the new Breccia to establish strike, dip and plunge of the structure in order to place future drill holes for reserve calculations. Significant values were obtained from the new zones approaching 3% copper with molly and gold values.
The Board of Directors of Cerro Dorado has had written communications from Juan Jose Quijano as of July 14, 2006. The letter established that negotiations with several major mining companies in Chile are progressing in a positive manner. Meetings are still ongoing as of this date, with a goal of concluding a working joint venture”.
(3) I did not post this. However, if you play connect the dots one could assume since Turner is involved this would make since. If I was turner I would use my closest contacts in the mining industry since I have faith in them and visa versa.
Jump to msg. #
“Elrac The copper mine Turner developed and ran in
Chile, Minera Escondida Limitada the largest copper
mine in the world, is owned by a consortium made up of
57.5% by BHP out of Austraila, 30% by Rio Tinto, a
British company that owns Kennicott, 10% by JECO, I
believe that Mitsubishi is part of that and the last
2.5% by International Financial Corporation. I think
that the make up of Medinahs deal will have similar
players as this copper mine does. With that many
international companies having to determine how the
monies and work will be divided takes a lot of work
and time. When that many lawyers are involved they can
tie things up for months as we have seen. Do not be
suprised if Turner is more than a consultant to
Medinah and Cerro when this deal is completed, as well
as others from the major partner.”
Also consider this… if you were a major, before JV with some minor companies like CDCH and MDMN you would look at the geo reports and results done under chain of custody. However, you would also do your own DD and take your own samples, have them analyzed. If the property was worth something you would negotiate a joint venture or buyout. The majors found what they wanted or they would have walked away long ago instead they have been building new roads.
(4) A.C.A. Howe Report Verifies Property Potential - Cerro Dorado's
Fortuna property received a resounding "thumbs-up" from
A.C.A. Howe, a prestigious international mining consulting firm. This
very bullish report provides significant credibility and verifies the
world-class potential of the Fortuna project.
(5) Large Breccia Pipe Reportedly Identified on Cerro Dorado's Property -
geophysical surveys have reportedly verified the existence of a large breccia pipe on the southern edge of the Fortuna project that had been previously identified by A.C.A. Howe. The surface dimensions of the breccia are approximately 250 meters by 250 meters; no word on how deep the Cerro Dorado breccia extends but the Lipangue breccia, less than 2 km away, has reportedly been traced to
1,000+ meters.
(6) Potential for Multi-Billion Ton Porphyry Deposit at Depth - an added
bonus for CDCH is that Medinah Mining's Lipangue breccia is trending
towards Cerro's property and that a new breccia zone appears to be
present on CDCH's property. The alteration patters found and confirmed
at Lipangue are also apparent on Cerro Dorado's property. Geologists
theorize that the parent intrusive to the CDCH and MDHM breccia pipes
that run SW to NE across the Lipangue plateau (towards and onto Cerro
Dorado's ground) may underlie the entire mountain at depth - leading
to the possibility of a very large bulk tonnage gold-copper porphyry
deposit.
(7) Very favorable mining laws for foreign investors in Chile:
http://www.holanda-paisesbajos.cl/corinnefiles/Chilean%20Mining1.pdf
I hope this helps. I have shares in both MDMN and CDCH. I believe CDCH is the better play. Like everyone I am human and make mistakes so do your own DD. This is done to the best of my knowledge. Good luck to everyone!
Have a great day!
More posts on CDCH and H.I.S. board!
DOIG 1.42 hod another small oil and gas play following BQI higher.
INXR at .0004 next week may be time it moves!
RCVA here is why you should get some:
http://www.prudentpennyprofit.com/
Rumored news i'm hearing out sometime today or tommorow Radar!!!!
Receivable Acquisition & Management Corporation (OTCBB:RCVA - http://finance.yahoo.com/q?s=RCVA.OB)
Receivable Acquisition & Management Corporation (OTCBB:RCVA) recently announced that it has entered into a letter of intent with an multi-billion dollar investment fund to set up a joint venture to finance acquisitions of performing, sub-performing and non-performing consumer and commercial receivables in the U.S. and abroad.
Max Khan, Receivable Acquisition & Management Corporation's CEO, said, "We have been seeking a financing partner for the past several months and we are excited about the opportunity to set up a joint venture with a major fund. The contemplated joint venture will become a funding source for portfolio acquisitions in the U.S and abroad. More importantly, we believe this will allow us to scale up our purchases and compete for larger transactions requiring $5 million to $25 million in investment." The transaction is subject negotiation, finalizing due diligence and execution of a definitive joint venture agreement of which we cannot provide any guarantee. The letter of intent contemplates setting up a new investment company that will purchase and own the assets. The Company expects to establish this investment company within 90 days from the first transaction assuming the satisfactory completion of due diligence and the finalizing of a definitive joint venture agreement.
About Receivable Acquisition & Management Corporation: Receivable Acquisition & Management Corporation (OTCBB:RCVA) specializes in the acquisition and liquidation of performing, sub-performing and non-performing receivables in the U.S. and abroad. The Company outsources all its collections to specialist agencies in the U.S. and abroad. Additional information, is at www.ramcoglobal.com
CHDT hod looking real good here hope to see .10 soon
Thats for sure... My guess is that STTC sits here for some more accumulation before its next leg. Company is not a flash in the pan.. Listed on Frankfurt traded 1million shares today on their exchange. Keep this one on our radar for next week. Once I see some uptickage Im gonna be adding.... ; )
Got in even earlier and loving it. It’s going up and that only means $$$.
STTC is sweet been in since .045 adding all the way gonna get ready to watch this sucker close today... Look at all the volume.. sniff sniff, smelling roses all these fillings with the form 4.... weeeeeeeeeeeee can some one else say yippppyyyy poppa gonna buy a new pair of dance shoes! ;)
STTC chart alert!! This could jet past .10 very soon keep a very close eye on it last major run was into the .30's!!!
CHDT up a little in this ugly opening. Should be news coming soon on the roofing tiles.
BCLC blue sky breakout here folks!! Watch mdys and mggv next as well. Charts are shweeeeet!!!
DTGP building nicely. Accumulation going on before next move up. Chart showing a lot of room to move up. Huge in demand product line http://www.dolltech.com/products.htm
FAA cert rumored within 2 weeks. Will expand their reach to include airlines, private planes, military aircraft and more. Their oxygen reducing tank product could be used in racecars and other vehicles, storage tanks and more. HUGE market potential.
And yes, they already have market penetration happening with tv networks like HGTV, FOX, CBS, Discovery and more - http://biz.yahoo.com/prnews/060726/sfw064.html?.v=67 with the Home Shopping Group
ETLC
News coming tuesday, but make sure u stay for the big news next week! Huge play coming guys!
First Guardian Financial Corporation Agrees to Acquire Another 50 Million Common Share Block from Its Predecessors, Thus Reducing the Outstanding Restricted Shares to Less Than 20 Million & Commences Buyback Program
7/11/2006 8:44:42 AM
NEW YORK, Jul 11, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (Pink Sheets: FGFC) today announced that it has agreed to acquire another block of 50 million outstanding restricted common shares & commences its previously announced buyback program.
The Company keeping with its stated commitment to reduce its share structure has reached an agreement to acquire another block of 50 Million Restricted Common Shares from the previous management, with this purchase the company's authorized shares will be reduced to 102 Million.
The company now after completing this purchase of 50 million restricted shares coupled with the previous purchase and retirement of 48 million restricted shares will now focus on its stated buyback program to further reduce its authorized and outstanding shares even further.
"The company keeping with its stated objective of reducing the number of authorized and outstanding shares is extremely pleased to have been able to reach this agreement to acquire this block of 50 million shares and now will focus on buying back additional shares on the open market and retiring them to the company's treasury," stated Abraham Rosenman, President of First Guardian Financial Corporation. Mr. Rosenman also stated, "When the entire buyback program is completed the company expects to have no more than 50 million shares authorized and approximately no more than 35 million shares in the public float thus creating the appropriate shareholder/investor value as we proceed to applying for listing on the OTCBB."
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests and provides financing for its own portfolio in small to mid sized businesses nationally. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: First Guardian Financial Corporation
First Guardian Financial Corporation
Investor Relations, 212-572-4823
Fax: 212-572-6499
Investor.relations@guardianfinancialcorp.com
www.guardianfinancialcorp.com
Copyright Business Wire 2006
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JMCP enters ethanol business
James Monroe Capital Corporation Establishes New Subsidiary Devoted
Solely to the Ethanol Industry
Thursday July 6, 8:30 am ET
(Watch the volume here. The 10-d average is only 24M, and with oil
over $75 you might see something like this take off)
http://biz.yahoo.com/bw/060706/20060706005131.html?.v=1
CHICAGO--(BUSINESS WIRE)--July 6, 2006--James Monroe Capital
Corporation (Pink Sheets:JMCP - News) today announced it has
established a new subsidiary devoted solely to the ethanol industry.
ADVERTISEMENT
The name of the subsidiary that has been established is Diversified
Ethanol, the new subsidiary will act as a holding company investing
or joint venturing in ethanol/bio fuels related products and
services.
The newly formed subsidiary/company has plans to set up its
headquarters in the ethanol heartland of Iowa, as management
believes Iowa will afford extraordinary exposure and opportunities
for Diversified Ethanol.
Taylor Moffitt will be the CEO of the new company and oversee the
initial growth stages. Moffitt said, "As gasoline prices continue to
remain high with no end in sight, this is a perfect time for us to
enter the alternative fuel sector such as ethanol. The demand for
ethanol is growing by leaps and bounds and we intent to participate
in a big way with this exciting industry. Bio fuels are renewable,
and burn clean, and the biggest appeal we see is solid earnings
potential."
More information about the project will be available on the
company's new web site, www.DiversifiedEthanol.com. The web site is
under construction, and will be fully functional by the end of July.
BKMP up 22%, US Carrier coming, bargain prices ending
Imagine what it will do when volume and PR returns, .01 within weeks!
http://www.investorshub.com/boards/read_msg.asp?message_id=11865870
BKMP up 22%, US Carrier coming, bargain prices ending
Imagine what it will do when volume and PR returns, .01 within weeks!
http://www.investorshub.com/boards/read_msg.asp?message_id=11865870
Thats what I am thinking too. Can't go to much lower from .0003
yep, I actually like INXR, may start to run after the holiday imo.
INXR current price only at .0003 Here is some information listed about them.
http://www.thenewssvc.com/INXR020906.html
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