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We have to be careful here:
-someone wanted out big time on the close
-5/8 price at .45 and in 11/06 price at .30
-Paid for research report upgraded to speculative buy with target of $1.00 cost them $33,000 for 2 reports
-many news releases to pump up stock from .60 to 2.00
-claim about hiring a law firm to stop shorters both naked and otherwise (happens everyday and unfortunately is legal)
-April 18 10-KSB showed that net loss increased from -4 cents to -6 cents
-sub prime market is a terrible place to be right now
-3 for 1 stock split to happen this week. Lots of uncertainty as to why you would split a sub $1 stock
I'm guessing this is one of their reasons for splitting also.
MortgageBrokers.com has exhibited the attributes of an attractive investment vehicle for capital appreciation; however, a
negative aspect for MortgageBrokers.com is its current listing on the OTC Bulletin Board and the lack of visible trade and
volume information. During the month of November, MortgageBrokers.com traded 177,995 shares, for an average daily
volume of approximately 10,000 shares per day. In November, there were seven market makers in MortgageBrokers.com,
with the largest market maker trading 35% of the volume, the second largest trading 33%, the third and fourth market
makers trading approximately 11% of the volume, and the remaining three market makers trading 19% of the volume. The
market makers increased to 15 in the month of December 2006. It is estimated that the public float available for the
trading of MortgageBrokers.com is approximately 6 million shares.
http://www.mortgagebrokers.com./_assets/pdf/mbkr_report_011607.pdf
now on eturd
THOMSON
Number of Analysts included in the consensus 1 Analyst included in the consensus. The average consensus recommendation is 2.00
Sure you have to worry somewhat here it is the otc. But, as you/I did, it can make us some money. IMO. I think I'l be keeping the freebies and playing the dips.GLTY
MortgageBrokers.com Signs New Revenue Licensing Agreement with Sergio Barboza and Associates Worth an Estimated CAD$50 Million in Mortgage Origination
BusinessWire - May 17, 2007 7:30 AM ET
Related Quotes
Symbol Last Chg
MBKR Trade 0.74 0.00
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MortgageBrokers.com Holdings Inc. (OTC BB: MBKR) announced today that it has signed an exclusive revenue licensing agreement with veteran mortgage specialist, Sergio Barboza and Associates led by Mr. Sergio Barboza formerly of Royal Bank of Canada. Mr. Barboza and his team are expected to generate in excess of CAD$50 million in mortgage origination for 2007. This figure is based on the individual financial history of Mr. Barboza and the current financial trends affecting the markets in which they operate. Sergio Barboza and Associates will operate exclusively under the MortgageBrokers.com brand and share a percentage of their net profits with the Company.
This news follows a series of press releases from MortgageBrokers.com announcing the signing of revenue sharing agreements with numerous mortgage brokerages and individuals that will continue to generate revenue for the company.
Mr. Barboza will be servicing the Greater Toronto Area, the largest metropolitan city in Canada and will be participating in the RE/MAX co-location program. The strategic alliance partnership between MortgageBrokers.com and RE/MAX allows the company the opportunity to access up to an estimated CAD$32 billion in real estate sales transactions for 2007.
"Mr. Barboza is an important addition to our team, and this sends a definite alert to the industry that our business model and strategic alliance partnerships are strong incentives that attract quality mortgage brokers," said Alex Haditaghi Founder and CEO of MortgageBrokers.com.
"Leaving the confines of a large financial institution to join in the vision of MortgageBrokers.com was an easy decision," said Mr. Barboza, Business Partner. "Aligning yourself with a real estate brand like RE/MAX and to those closest to customer referrals is the future direction of the industry, I am pleased to be part of it," continued Mr. Barboza.
About MortgageBrokers.com
MortgageBrokers.com is an online lead generator and mortgage brand specializing in the mortgage brokerage sector. The Company is dedicated to re-branding the over 40,000 small and medium mortgage broker (SME) firms in North America while providing these entities scalability through a centralized shared services platform. MortgageBrokers.com is designed to facilitate continued ownership for these SME brokers while they work under the umbrella of one globally recognized brand. The Company provides centralized services in the areas of payroll and accounting, compliance, marketing, technology, HR and lead generation to afford our brokers improved access to potential customers through strategic alliances and partnerships. MortgageBrokers.com also provides its national team the opportunity to leverage origination with lending institutions, establish higher referral fees from lenders, and give its team members the ability to earn ownership in a publicly-traded entity with the goal of an eventual career exit strategy.
Further information can be found at www.mortgagebrokers.com.
About RE/MAX
RE/MAX is Canada's leading real estate organization with CAD$32 billion in sales and over 15,600 sales associates in more than 610 independently-owned and operated offices. The RE/MAX franchise network, now in its 33rd year of consecutive growth, is a global real estate system operating in over 62 countries. More than 6,000 independently-owned offices engage over 114,000 member sales associates who lead the industry in professional designations, experience and production, while providing real estate services in residential, commercial, referral, relocation and asset management.
Cautionary Note Regarding Forward-Looking Statements
Statements included in this press release, which are not historical in nature, are intended to be, and are hereby identified as 'Forward-Looking Statements' for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward-Looking Statements may be identified by words including 'anticipate,' 'await,' 'envision,' 'foresee,' 'aim at,' 'plans,' 'believe,' 'intends,' 'estimates,' 'expects' and 'projects' including without limitation, those relating to the company's future business prospects, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward-Looking Statements. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations. www.sec.gov
SOURCE: MortgageBrokers.com Holdings Inc.
Cervelle Group
Investor Relations:
Rob Karbowsky, 407-475-9966
info@thecervellegroup.com
or
Public Relations:
David Donlin, 407-475-9966
info@thecervellegroup.com
i don't know about this one today. too many fishy things going on here.
The researcgh reports are used to pump the stock up but if it wasnt for the research report I wouldnt have found the stock. Unlike some companies they so far have accomplished what they have set out to do. I do thing that they can back off of these paid pumps and let business speak for itself now. I guess thats the point of the 3 for 1 split to increase long share holder positions.
you are right! Thank you!
The reason for the stock split from my understanding is that the company’s business model is that mortgages brokers and agents are encouraged to purchase shares of the company thus increasing long share holder value and giving mortgage brokers a chance to invest in a company that they are help making successful. This has never been done before by any company that I know of. Thus if MBKR.OB plan's are for all agents affiliated with them to be stock holders, the stock's float is too small to accomplish this. Hence the 3 for 1 stock split. It is a well documented fact also that after a stock split the price of that stock usually increases. If you do your DD and read the article all this was explained in it.
JMO
willy....good post: thanks. glty
Here is what worries me:
-stock is up over 100% since Thursday morning
-too many news releases to pump up stock from .60 to 2.00
-claim about hiring a law firm to stop shorters both naked and otherwise (happens everyday and unfortunately is legal)
-April 18 10-KSB showed that net loss increased from -4 cents to -6 cents
-Paid for research report upgraded to speculative buy with target of $1.00 (we were almost there)
-sub prime market is a terrible place to be right now
-3 for 1 stock split. Whoever heard of someone doing this to $1 stock? The key is to stay above $1, not below
When I didnt see the 10-Q's bright & early this morning, I knew this would creep down. I'll just wait for this to level out then dive back in.
MORTGAGEBROKERS.COM HOLDINGS, INC. files Form NT 10-Q, Notification of Late Filing
Watch in the morning, should be good!!
td ameritrade is the same way.
I tried to get an awnswer but it could be many reasons.
One thing for sure is "REMAX" and "Wells Fargo" would not do business with any bunk business!
i have a scottrade account and it sais no orders online are accepted any ideas why?
I believe this is exactly what we need after such a fast incline, consolidation. Just so we close even or green. The ma 100 is at .93 for support and the 50dma is at 1.06 for res. imo
That should jumpstart the week.
Wells Fargo Financial Corporation Canada and MortgageBrokers.com Inc. Form a Strategic Partnership
PR Newswire "US Press Releases "
ONTARIO, NY, May 14 /PRNewswire-FirstCall/ - Wells Fargo Financial Corporation Canada and MortgageBrokers.com Holdings Inc. (OTC BB: MBKR) said they entered into a strategic partnership alliance through which Wells Fargo Financial Canada will provide dedicated resources and exclusive financial products for MortgageBrokers.com to generate greater mortgage volumes for both companies.
"We view this new relationship as a win for both organizations and most importantly the customer," said Richard P. Valade, President, Wells Fargo Financial Canada. "The affiliation further develops our exposure in the market and supports our continued growth plan helping us secure our reputation as one of the premier providers of non-conforming mortgage solutions for Canadian consumers."
"This partnership will contribute towards increasing our mortgage volume at reduced origination cost as well as further expand our strategic position in the mortgage origination market, and we are excited to have Wells Fargo Financial, a market leader in alternate mortgage financing solutions, work with MortgageBrokers.com to provide these unique solutions," said Alex Haditaghi, Chairman and CEO of MortgageBrokers.com Holdings Inc.
Wells Fargo Financial Corporation Canada, headquartered in Mississauga, Ontario, is part of Wells Fargo & Company (NYSE: WFC), a $4.50 billion (Cdn) corporation and a leading national provider of financial products and services, including mortgage financing and personal loans to Canadian customers. It offers retail financing programs to national and local retailers through 165 stores in all ten provinces, a network of more than 3,400 merchants and 2,700 team members across Canada. More information about Wells Fargo Financial Corporation Canada is available at www.wellsfargofinancial.ca.
Wells Fargo & Company (NYSE: WFC) is a diversified financial services company with $486 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 6,000 stores and the internet (wellsfargo.com) across North America and internationally. Wells Fargo Bank, N.A. is the only bank in the U.S., and one of only two banks worldwide, to have the highest credit rating from both Moody's Investors Service, "Aaa," and Standard & Poor's Ratings Services, "AAA"
About MortgageBrokers.com
-------------------------
MortgageBrokers.com is an online lead generator and mortgage brand specializing in the mortgage brokerage sector. The Company is dedicated to re-branding the over 40,000 small and medium mortgage broker (SME) firms in North America while providing these entities scalability through a centralized shared services platform. MortgageBrokers.com is designed to facilitate continued ownership for these SME brokers while they work under the umbrella of one globally recognized brand. The Company provides centralized services in the areas of payroll and accounting, compliance, marketing, technology, HR and lead generation to afford our brokers improved access to potential customers through strategic alliances and partnerships. MortgageBrokers.com also provides its national team the opportunity to leverage origination with lending institutions, establish higher referral fees from lenders, and give its team members the ability to earn ownership in a publicly-traded entity with the goal of an eventual career exit strategy.
Cautionary Note Regarding Forward-Looking Statements
----------------------------------------------------
Statements included in this press release, which are not historical in nature, are intended to be, and are hereby identified as 'Forward-Looking Statements' for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward-Looking Statements may be identified by words including 'anticipate,' 'await,' 'envision,' 'foresee,' 'aim at,' 'plans,' 'believe,' 'intends,' 'estimates,' 'expects' and 'projects' including without limitation, those relating to the company's future business prospects, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward-Looking Statements. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations. www.sec.gov.
For further information:
Cervelle Group
Investor Relations:
Rob Karbowsky
(407) 475-9966
info@thecervellegroup.com
Public Relations:
David Donlin
(407) 475-9966
info@thecervellegroup.com
SOURCE MortgageBrokers.com Inc.
Buy Confirmed americanbulls.com
Today a White Opening Marubozu was formed. This shows that the day opened and then the prices continued to go up all day long without coming below the opening level thus forming a long white body, however prices did not close at the high of the day and thus they created an upper shadow.
http://americanbulls.com/StockPage.asp?CompanyTicker=MBKR&MarketTicker=OTC&TYP=S
They may be trying to fix this with the forward split... from their market research report.
MortgageBrokers.com has exhibited the attributes of an attractive investment vehicle for capital appreciation; however, a
negative aspect for MortgageBrokers.com is its current listing on the OTC Bulletin Board and the lack of visible trade and
volume information. During the month of November, MortgageBrokers.com traded 177,995 shares, for an average daily
volume of approximately 10,000 shares per day. In November, there were seven market makers in MortgageBrokers.com,
with the largest market maker trading 35% of the volume, the second largest trading 33%, the third and fourth market
makers trading approximately 11% of the volume, and the remaining three market makers trading 19% of the volume. The
market makers increased to 15 in the month of December 2006. It is estimated that the public float available for the
trading of MortgageBrokers.com is approximately 6 million shares.
Taking all this into consideration, our initial rating for MortgageBrokers.com is a Strong Speculative Buy and we are
assigning a 12-month price target of $1.50 per share. At that price, MortgageBrokers.com would be selling at a 2.5 Market
Cap to projected 2007 revenue and a 7.5 price earnings ratio, based on our projected FY 2007 EPS of $0.20 per share.
Good luck man. I'll take 80% in one week anyday. There are too many unanswered questions about splitting a 90 cent stock. I am afraid you may see the shorters come back Monday. A safer bet is at the .50 range where it was on Thursday.
GLTA
Bring on the 10-QSB MAY 15th!!!
Pretty soon we will see why the shorts were dieing to get out even at the high .80's. I hope he was hinting at something here.
"Investors should be chomping at the bit for a look at MBKR's upcoming 10-QSB, due on May 15, 2007, considering its fiscal 2007 revenue projections of $40 million. Haditaghi told Market News First he expects double-digit growth in revenues, and the quarterly results will be released by the May 15 deadline. Only time and 10-Q's will tell if MBKR is on pace for a tenfold revenue increase."
From the MN1.com interview
now theyre going to suck up some shares from some more weak holders. i still think we can close at or near the high.
total game theyre playing
boy the mm's put the hold on this .8998 ask, c'mon!! Let's fly!!
You might be right, I'm in. At the ask of course.
Well if you knew how small the float is you wouldnt ask that question.
I took my profits and will jump back in when it pulls back to .60
Big question in everyones mind is why would you split a penny stock.
mms are certainly happy to take shares from people who want to get out. they just absorbed about 70k shares at .80 this is a very good sign.
Will I wont get a chance to listen..so somebody well have to please do a recap.
true, or maybe people are waiting on interview
The MM's are holding it down in the low 80's because if it goes any higher they cant cover...EVERYONE BUY BUY BUY!!!!!!!!!!
Check this morning's news....there is a change regarding surrendering shares to the transfer agent/etc/etc
A mandatory share exchange will be required to effect this forward split, therefore shareholders of the record date will be required to surrender their shares to the company's transfer agent for re-issuance. The split will be payable on surrender of shares.
What does this mean??
I am buying a ton of this tomorrow. There will be a massive short squeeze if the market if up. Tomorrows close will be .80
Dose anyone know when the next quarterly report should come out...giving their progress it should be big.
I have been watching RHWC for a long time also
all though the business is slightly different. It is clear to me MBKR has better management IMO.
its turning...this thing was shorted heavy from low 2's all the way down...we should be back over a buck within a few days...I see this as a 5 buck stock within a few monthes...glta...
News out. Rated speculative buy. Target $1.00. Unfortunately it's a paid for research report but research co. says it's 'objective'.
I am gonna buy shares ones this thing bottoms out. If not before the stock split. I think it has to much potential to stay down for long.
hope you're right kemosabe...I'm one of the idiots that bought around 2 bux...been crying today...
Here's some info that might belong in the Ibox. It's from the duplicate board for this stock:
MORTGAGEBROKERS.COM
Corporate Story:
MortgageBrokers.com is a fast-growing mortgage brokerage and technology corporation dedicated to re-branding the over 40,000 small and medium mortgage broker (SME) firms in North America and offering these entities scalability through a centralized shared services platform.
MortgageBrokers.com's strategy is based on a vision of combining small and medium enterprise (SME) brokerages into a scalable, operating entity that can better compete in the industry under one recognizable brand. The prime objective is to improve the economic performance of the combined companies through the reduction of operating costs, the expansion of a national brand, the diversification of mortgage product lines and greater
investment in technology.
MortgageBrokers.com believes that the mortgage broker industry will suffer a in high interest rate environment unless they can streamline their overhead and increase their overall revenues. Mortgagebrokers.com allows these SME brokers to continue owning their own business while taking advantage of working under one recognizable brand; taking advantage of centralized services such as payroll and accounting, compliance, marketing, technology, human resources and recruitment, lead generation; improving access to the customer through strategic alliance partnerships; leveraging our national teams origination with lenders to establish higher referral fess from lenders; and, as creating the ability to earn ownership in a publicly-traded entity for their eventual career exit strategy.
Management Team
ALEX HADITAGHI
CEO & CHAIRMAN
DONG LEE
Vice President, Operations
MATTHEW LAVERTY
Vice President Production Eastern Canada
DAVID MERCER
Vice President Production Western Canada
SCOTT MACKENZIE
Vice President Atlantic Canada
MICHAEL BARTA
Vice-President Sales
ROBERT HYDE
Vice-President, Finance & Adm
MortgageBrokers.com Holdings Inc. News
Mon, Mar 19, 2007
9:02 AM Mortgage and Housing Market Going Strong North of the Border announces MortgageBrokers.com - PR Newswire
9:00 AM Mortgage and Housing Market Going Strong North of the Border announces MortgageBrokers.com - Canada NewsWire
Wed, Feb 28, 2007
9:08 AM MortgageBrokers.com Selects Filogix Expert as its Exclusive Point of Sale System - PR Newswire
9:08 AM MortgageBrokers.com Selects Filogix Expert as its Exclusive Point of Sale System - Canada NewsWire
Wed, Feb 14, 2007
7:01 AM MortgageBrokers.com Nominated for Best Newcomer National Brokerage and Internet Presence at 2007 CMP Canadian Mortgage Awards Gala - PR Newswire
7:00 AM MortgageBrokers.com Nominated for Best Newcomer National Brokerage and Internet Presence at 2007 CMP Canadian Mortgage Awards Gala - Canada NewsWire
Tue, Feb 13, 2007
9:00 AM MortgageBrokers.com unique program to change "You eat what you kill" attitude - PR Newswire
9:00 AM MortgageBrokers.com unique program to change "You eat what you kill" attitude - Canada NewsWire
Thu, Jan 25, 2007
8:03 AM Dong Lee, Vice President of Operations for MortgageBrokers.com Holdings Inc., Featured in an Audio Interview at SmallCapVoice.com - Business Wire
Mon, Jan 08, 2007
8:45 AM MortgageBrokers.com Provides 2007 Business Outlook - Canada NewsWire
Corporate Contacts
Investor Relations
Investors Stock daily
Mr. Jody Janson
Harro East Building
400 Andrews Street Suite 617
Rochester, NY 14604
Ph: 585-232-5440
Fax: 585-232-5457
http://www.istockdaily.com
Transfer Agent
Securities Transfer Corporation
2591 Dallas Parkway Suite 102
Frisco, TX 75034
General Information: (469) 633-0101
Fax: (469) 633-0088
www.stctransfer.com
Accountants and Auditors
SF Partnership, LLP
The Madison Centre
4950 Yonge Street, Suite 400
Toronto, Ontario Canada
M2N 6K1
t: (416) 250-1212
f:(416) 250-1225
www.sfgroup.ca
SEC Lawyers
Anslow & Jaclin, LLP
195 Route 9 South, Suite 204
Manapalan, NJ 07726
t: (732) 409-1212
f: (732) 577-1188
www.anslowlaw.com
Intellectual Property Lawyers
Bereskin and Parr
Scotia Plaza
40 King Street West, 40th floor
Toronto, Ontario, Canada
M5H 3Y2
t: 416.364.7311
f: 416.361.1398
www.bereskinparr.com
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