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so i guess we are years away from seeing MKRO move up?
You are correct, TBG attempted to buy MKRO but from what I have heard is that the Dent's now do not want to cooperate with TBG's auditors and are withholding information that is essential for the purchase to be final.
I thought MKRO was bought last February by TBG Holdings to go into the railroad business. Did that not happen?
John Dent at it again???
There are rumors circulating that John Dent is at it again, once again it seems that his greed and paranoia is preventing the acquisition of MKRO by another entity. In turn preventing all of us stockholders to recoup our investment. That is what we get for supporting Dent & Co and buying into that fiasco called Monkey Rock. It would be nice if John Dent actually decided to do the right thing and just let the company go. If anyone has any additional information or is able to verify some of these details then please post them here.
No, he was never actually affiliated with the company. He was a consultant that was hired by Nissi Mining (Dexter Aspacio) quite a few years ago, Nissi mining then made an unsuccessful bid at acquiring MKRO which unfortunately failed at the 11th hour.
ok...my records indicated this was his last known company...
Unfortunately Parkinson has nothing to do with MKRO so we have no idea why you would post that. The new direction is a leisure Rail Road company, read to the press release.
Craig Parkinson Arizona
Licensed Geologist and Consultant
Parkinson Geologic Services
Post Office Box 3481
Grass Valley CA 95945
Phone 530-432-4048
Email: craig@parkinsongeologic.com
Web: www.parkinsongeologic.com
Another bogus press release?
It's been a month since the latest announcement and no further info. What's happening here? Has anyone heard anything?
MANAGEMENT????????????
Would be nice to hear something from the management team as to what is happening with this company.
Maybe they will take the time to let their shareholders know what is going on, unfortunately this whole thing is starting to look like another Dent era flop.
Interesting action today.
Curious to know who was willing to let go of 18K MKRO shares and even more curious as to who would actually want to buy this dog. Could this be some insider trading going on with the Dents?
It has been months since the latest update from the company. Anxiously awaiting some news. Has anyone out there heard anything?
Have seen that the ask has come down to $0.38 with 8000 shares on offer.
Hoping for some more info on this railroad merger, anybody heard anything or is that another Dent flop?
From what I have been able to piece together, John Dent and his son have once again signed over the company to TBG holdings. TBG apparently was planning on using MKRO to launch a domestic rail service. However from what I know, TBG has yet to actually complete the financials and audits in order to get MKRO current. I have been fishing for info but not catching anything solid.
As far as I can tell NOTHING is HAPPENNING. MKRO management is as elusive as ever. No one knows what is happening and I for one have essentially written off my investment in this disaster.
Has anybody heard what is going on with the Railroad acquisition?
NO RESPONSE FROM MANAGEMENT!
Well folks, it seems that we are in the same boat once again. I have been trying repeatedly to get in touch with the people at TBG that now supposedly control MKRO but unfortunately no one there has the courtesy to return my calls. So it would seem that we are in limbo yet again.
So would I. No one at the company responded to my inquiry.
Any more news?
Has anyone heard any additional news after the press release? Be interesting to see what they are actually planning on doing with MKRO, reverse split, how are they going to handle outstanding financial obligations, etc.
Would like to know more.
As someone working in transportation I was intrigued by the switch into a new railroad company. But looking at the tbgholdings.com investors page it says MKRO is becoming Elite Care Facilities like a convalescent home of some kind. So which one is it? I sent an email to the company asking the question.
"Let's be fair and see what happens."
Why? We all know already what will happen.
Legitimate businesses don't buy dirty Pink Sheet shells with a "STOP! sign in order to launch an enterprise in a new business area.
If you have a viable business model there's simply no reason to do that (except that your gullible marks come with the shell), and about a thousand reasons not to.
You can be sure that Mr. Dent will be lurking malevolently in the background even if this stage of the wash-rinse-repeat cycle requires that he pretends to have stepped down.
Let's be fair and see what happens. The least we can do is give them the benefit of the doubt and see what they are able to do.
We can all also agree that since Monkey Rock took over ComCam that the last thing that this stock has been was a "pump & dump" considering that nothing was ever pumped and nobody sure as hell ever dumped anything.
Another thing that we can agree on that is a positive sign is that Dexter Aspacio and John Dent are not directly involved.
TBG Holdings Acquires Monkey Rock to Enter Railroad Industry
Announces Resignation of CEO and Appoints New Management Team
FORT LAUDERDALE, FL, Feb 27, 2013 (MARKETWIRE via COMTEX) -- TBG Holdings Corp. today announced that it has acquired Monkey Rock (OTCQB: MKRO) and will reposition the company to compete in the fast growing and profitable short line and regional freight railroad industry. It also announced that MKRO CEO John Dent has resigned from the company. Mr. Dent has assisted in the transition of Monkey Rock and is excited about the new management team that will be in place to help it move into the rail industry. The TBG management team will immediately work to transform MKRO, which is a fully reporting non-operational entity, into a rail-focused holding company. As part of the transition, the new company will be renamed Continental Rail Corp.
The newly-appointed President of Continental Rail Corp. will be Wayne A. August, a 22-year veteran of the rail industry. Mr. August is an accomplished executive who has successfully coordinated several M&A transactions during his career. Most recently he was employed by Patriot Rail Corp. as Vice President of Corporate Development. At Patriot, he led the acquisition efforts that resulted in the company's growth to one of the leading short line holding companies in the U.S. Prior to that, he was with RailAmerica for 10 years where his last position was Vice President - Corporate Strategy. He started his rail career in 1991 as a management trainee with CSX Corp. He has senior management experience in several areas, including M&A, financial planning, investor relations and strategic planning. Mr. August holds an MBA from Duke University's Fuqua School of Business and a BS in Engineering from the University of Florida.
Alongside Mr. August will be newly-appointed Chief Financial Officer Tim Hart. Mr. Hart has over 30 years of accounting and finance experience, including 10 years with KPMG, one the world's largest international public accounting firms. He also has an accomplished background and a comprehensive understanding of the railroad industry, working with companies such as RailAmerica and Patriot Rail Corp. over the past 25 years. Mr. Hart holds a bachelor's degree in Accountancy, Economics and Business Administration from Thomas More College, and has been a Certified Public Accountant since 1984.
Neil Swartz, Chairman and CEO, said, "We are pleased to have Wayne join Continental Rail Corp. and lead our efforts to acquire short line freight railroads and rail-related businesses. He has a proven track record and the experience to get the job done. Combined with Tim's financial expertise, we have the beginnings of a great management team. I am confident that this transition of MKRO to the fast growing rail industry will be a positive one for all shareholders." More information can be located online at http://www.ContinentalRailCorp.com
About TBG Holdings TBG Holdings Corp. ("TBG") is a financial and business advisory consulting firm that works with public and private companies to bring a sophisticated and efficient approach to structuring their capital while positioning their company for innovative growth. TBG provides a full range of business services which include marketing and sales support, financial advisory, capital formation and accounting to their clients and portfolio companies Global Beverage Solutions Inc, IGSM GROUP, Airborne Security and Protection Services, and Omni Scents.
www.tbgholdings.com
For More Information: Contact: Ken Ninomiya Phone: 1.954.440.4678 Email: Email Contact
SOURCE: TBG Holdings
CONTACT: http://www2.marketwire.com/mw/emailprcntct?id=1CB538AAADA2B660
Copyright 2013 Marketwire, Inc., All rights reserved.
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SUBJECT CODE: Transportation and Logistics:Railroads and Intermodal
http://www.otcmarkets.com/stock/MKRO/news
Let's be frank but realistic.
Any company that purports to buy a dirty - filthy even - shell like MKRO under the cover of a new enterprise has no intention of entering any industry, railroad or aeronautics, pharmaceutical or sports memorabilia.
It's just being set up for another pump and dump, is all.
By now, everybody knows the routine - wash, rinse, repeat.
Interesting move. I contacted Investor Relations to see if I can get anything from them.
Investor Alert!!!!!
It has come to some of our attention that the Dent's along with their new management team have decided NOT TO HONOR any of the restricted shares that have been issued during the last 2 years. This is a huge blow to many of us shareholders who have pumped a lot of money into MKRO. What this means is that we all need to band together and file legal action against MKRO.
Now is the time to stand together, we have more power as a group. Do not let them screw us over. Will post additional info as it comes available.
Downgrade to Pink Non Reporting
Not quite sure what plan the Dent's and their cohorts have in mind but things seem to be taking a turn for the worse for the good old Monkey.
as of this morning MKRO has been downgraded from Pink Reporting to Pink non-reporting status. Not quite sure what this entails for those that have been stuck with this monkey on our back for this long but it might be a good idea to ready ourselves for a possible legal battle.
Fingers crossed we do not have to go that far.
I am neither a senior nor in public assistance. I didn't work much last two years.I am holding a restricted stock certificate. All I can do now is to wait and see what Dent going to do, I guess.
Thank you guys for all your responses.
Still does not answer my main questions though.
Are you holding a restricted stock certificate or did you buy open market? If you invested through an actual broker and own free trading shares then you can in essence sell whenever you want (if you offer them cheap enough there might be some takers out there) If you are holding restricted paper then there is a chance that you might lose all of it. It all depends on what Dent tries to do with the shell and what the buyers choose to do with it. There is a chance that they might block the conversion of some of the restricted stock that has been issued or they might reverse the stock significantly reducing the value of your stock.
Only time will tell what is going to happen.
Seeing that you are apparently low-income, I will assume that either you are elderly or on some form of public assistance.
If you are elderly contact your State Dept of Aging (Name might be different) and ask for them to help you work through this.
If you are on public assistance, try to locate a Legal Aid office.
I invested into Nissi mining in March 2011 through someone I know. I even didn't know there was any time we could sell our stock. I have been waiting last one year and 10 months to sell some of my stock,but I don't remember there was the time people could sell their stocks.
There were always legal issues around this company. I waited and waited hoping that all the problem the company had would be resolved.
I don't need a tax credit.All I made last year was less than $9000 which is tax free. I just want to get some money back.
Unfortunately I do not know anyone who has even been able to talk to Dent for over a year. The best we can tell is MKRO has no assets, has outstanding debts, and its financial records are in a shamble.
Because of the financila records situation, and its non-reporting status MKRO even has very limited value if any as a shell.
Depending on how and when you made the investment, might make a difference, but the only thing I can tell you is to check with either a tax professional or Security attorney. Dpending on the situation, etc, you may be able to claim a capital gains loss or some other form of deduction from your taxes.
If you pay to have your taxes done, it will not cost much or very little to explain the situation to your tax preparer and see what he says. Even the people at H&R Block etc can give you a little bit of general advice on what the tax consequences might be for a given senario.
Everyone's situation is different. In my case I checked in mid-Nov, and while I made a profit in the market last year, the carry-over capital gains lost from prior yeRA PLUS A CAPITAL gains loss on settlement of my parents estate, indicate for me not to sell last year. However without the loss, selling last year would have been advantageous from a tax standpoint.
Need to be a little more specific. How did you invest? who did you invest with? What stock do you own? How many shares do you have?
I just joined in this message board today so that I can post.
Can anybody let me know what's going on with this company ? I invested over $10000. I would like to know what I am supposed to do now. Any advise?
I guess selling the shell would make the most sense for Mr. Dent as a business man (which he is) -making business decisions that would put cash in his pocket. If he does try for that (just speculating here) it may take some time to find a good company to take over that would benifit him the most. Maybe sooner - maybe later...
imo
NO VOTE OF CONFIDENCE IN DENT & MKRO
My post had nothing to do with the impending fiscal cliff, it had to do with the fact that the company is now once again under the miss-management of John Dent and his son. It has been several months now since they took the reins again and there has been no word on what they plan on doing.
They have also been ignoring all their debtors and have been coming up with excuses as to why they REFUSE to pay their OFFICIAL DEBTS.
Therefore I have a vote of no confidence to the future of MKRO and possibly foresee several lawsuits emerging in the new year against John Dent and Monkey Rock Group Inc.
While I totally agree with jamarketing, before blindly dumping here I advise everyone to decide from a tax standpoint if selling now or after January 1st is best for them. Currently you could use the loss to offset gains for this gains for this year and even carrry-over $3000 in losses to offfset future gains in the market. BUT as we all know Congress writes the tax law and it changes constantly so I would not bet on the carry-over feature to present in the future.
If you have questions on your tax situation, please check with a tax professional. I am not a tax professional, and the statement above is solely my understanding of the current rules and not intended for particular advice to any individual or group.
DUMP IT
I am in the process of dumping all my MKRO stock, it is obvious that nothing is going to happen with this company and when it does you can almost bet on it that the stock is going to get reversed, therefore I say get out now while you can.
Never met him personally but he does seem to be knowledgeable about his profession and always polite and professional on the phone.
Is Craig a good guy.
Old News!
Appreciate you posting that but it is all old news.
Dexter Aspacio and his Nissi mining claims have gone elsewhere since they did not want to deal with the Dents, hence the company is currently without a service or product and is just floundering.
Craig Parkinson the geologist has nothing to do with the company anymore.
Apparently MKRO is working on getting its financials and audits completed but we can not say for sure since the Dents do not keep anyone apprised of the situation.
The only thing that is certain is that there has been complete silence from the MKRO board/executives even on the topics of trying to obtain or workout payment options on long outstanding debts.
Company is delinquent in its filings. 10-Q 3-31-2011 was last filing.
Item 1.02 Termination of a Material Definitive Agreement
The Company, Monkey Rock Group, Inc. (“Monkey Rock”) has terminated the Share Purchase Agreement (the “Purchase Agreement”) dated June 23, 2011 that was entered into with Nissi Group Incorporated (“Nissi Group”), a Hawaiian corporation and certain Monkey Rock Group shareholders, wherein Monkey Rock agreed to exchange 90,000,000 shares of newly issued shares of Monkey Rock in exchanged for 100% of the Common and Preferred stock of Nissi Group and which resulted in a change of control. The Purchase Agreement provided that the Purchase Price was to be paid, by the payment of outstanding obligations of the Company, which were outlined in the Purchase Agreement and that the Company and Nissi Group would file consolidated financials as was required.
The Company and Nissi Group entered into a Settlement Agreement and Release dated July 26, 2012 (the “Settlement Agreement”) wherein, the parties have agreed that it is in the best interest of both companies to unwind the transaction entered into under the Purchase Agreement because all of the Purchase Price has not been paid and the auditors have indicated that the consolidated audit cannot be completed without significant time and expense, if at all. The inability to complete the audits has resulted in the Company being delinquent in its filing obligations.
The parties have indicated that they still desire to pursue the business plan that was represented by the initial Purchase Agreement, however, any such transaction will have to be structured in such a way as to enable the Company to meet its filings obligations.
Item 5.01 Change in Control
(a) Pursuant to a Settlement Agreement, adopted by the unanimous consent of the Board of Directors and by written approval of a majority of the issued and outstanding shares of the Registrant and by the board of directors of Nissi Group, Nissi’s shareholders will return all of the shares issued under the Purchase Agreement, and the Company will return all of Nissi’s shares. In addition, certain consultants that received shares of the Company have agreed to terminate their consulting agreements and return a portion of the shares they received back to the Company’s treasury.
Following the Closing of the Settlement Agreement, Monkey Rock, shall have a total of 86,421,148 shares issued and outstanding.
(b) The following table contains information regarding the shareholder ownership of Monkey Rock , its directors and executive officers and those persons or entities who beneficially own more than 5% of Monkey Rock ’s shares post closing:
Name Amount of Stock
Beneficially owned (1) Percent of Common Stock
Beneficially Owned
John Dent
Matthew Dent
Jereoen Riedel
Donna Mallion
35,655,059
10,000,000
4,550,000
6,100,000
41.2%
11.18%
5.26%
7.05%
All Directors and executive officers as a group
1 person
35,655,059
41.2%
(1) Based upon 86,421,148 outstanding shares of common stock, following the Closing and the return of shares from Nissi Group's shareholders and the Consultants.
Craig Parkinson Arizona
Licensed Geologist and Consultant
Parkinson Geologic Services
Post Office Box 3481
Grass Valley CA 95945
Phone 530-432-4048
Email: craig@parkinsongeologic.com
Web: www.parkinsongeologic.com
What is happening with MKRO?
Now that the company has reverted back to it's old ownership it seems that it has completely stagnated. There has been no news, we now know that Aspacio has sold his claims to another company so there is no hope of acquiring those particular mining claims and unfortunately the MKRO executives do not have a solid plan of action for the future of MKRO. Some serious concerns are arising here especially for those of us that have outstanding loans with the company that continue to go unpaid.
Thank you Kookie, maybe i should have gone in detail.
The shares that you own, are they restricted or are they with your broker in trading account?
How many shares are in your possession and looking to get rid of?
Also if they are restricted, how did you get the certificate, how was it issued to you and by whom?
The free market value is currently $0.10/Share
He is asking "how many shares are you trying to sell?" and whether it is free selling shares (i.e. able to be sold on the market). According to my information, the current open market bid price for MKRO is $0.10/share.
Restricted? Is there an offer?
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