PwrCor Inc. (PWCO)

[MikeyLikesStocks]

Keeping this one in the back pocket. Lets see what develops.

[mufc7]

Renewable energy sector is very much worth a second look.

[MikeyLikesStocks]

News here has potential: PwrCor Now Commercializes its Disruptive Heat-to-Power Technology Breakthrough
Press Release | 10/02/2019
NEW YORK, Oct. 02, 2019 (GLOBE NEWSWIRE) -- PwrCor, Inc. (OTCQB:PWCO), is an advanced technology company focused on clean, renewable energy solutions while reducing the overall cost of energy for power users. Low-grade and ultra-low-grade heat (150-212F), which up until now could only be discarded and wasted, can be cost-effectively utilized to generate electrical power, providing cost savings and improving bottom line performance for corporations globally.

The technology breakthrough exceeds cycle efficiencies of competing conventional power cycles and now enables PwrCor to exploit applications and markets, such as Data Centers, which previously could not effectively utilize their low temperature wasted heat, but now can economically convert that heat into useful power.

Data centers house servers and similar equipment that use enormous amounts of electricity. In the process of powering the performance of the equipment, that electricity is subsequently transformed into large amounts of low-grade heat. In fact, more than 98 percent of electricity used to power the electronic equipment in data centers is shed as wasted low-grade heat energy. Furthermore, additional electricity is required to cool the data center electronics to keep the equipment operating safely and at optimal performance. PwrCor’s technology can now convert the vast amounts of data center heat to electricity positively effecting the bottom line of data center operations by reducing the amount of purchased electricity while reducing cooling requirements and its required power.

Based on a proprietary thermodynamic cycle, PwrCor’s technology breakthrough achieves unparalleled thermal efficiencies for a closed cycle piston engine operating at low temperature. The increase in efficiency gives PwrCor an unprecedented competitive advantage. The efficiency advancements resulted as part of PwrCor’s ongoing research and development program with its exclusive technology partner, a leading internationally recognized research institute.

The work performed, and validated, by the research institute on PwrCor’s power cycle is proprietary and exclusive to PwrCor. The breakthrough has resulted in an engineering enhancement that uniquely keeps heat energy in PwrCor’s thermodynamic cycle, boosting engine efficiency by 33-35%.

As Tom Telegades, CEO of PwrCor, stated, “The engineering enhancement that was developed, and that PwrCor is now exclusively commercializing, is truly an engineering and scientific breakthrough in thermodynamics. At the operating temperatures currently being addressed by PwrCor’s technology, the efficiencies now exceed that of most thermodynamic power cycles, including the Rankine Cycle, used in many applications, as well as the Organic Rankine Cycle used in Waste-Heat-to-Power, Geothermal, and Solar Thermal power applications.”

The advancements afford a substantial increase of the potential maximum cycle efficiency of PwrCor’s proprietary power cycle while also realizing higher actual operating efficiency with its latest engine design. The design enhancements are expected to reduce the overall cost per kW output of the PwrCor engine, and will have little impact to the size of the engine, resulting in significantly greater power output within the same general footprint.

PwrCor is currently engaged in discussions with leading companies in such industries as fuel cells and reciprocating engines, and on additional project initiatives in oil and gas, solar thermal, and data centers, all of which have enormous amounts of wasted ultra-low-grade heat that can now be converted to additional power, contributing to higher profits. The technology cost-effectively converts heat to mechanical power or electricity, and represents a breakthrough for those corporations which can now profit from converting wasted heat into electrical power.

About the PwrCorTM Technology
PwrCorTM engines use proprietary technology that can cost effectively convert ultra-low-grade heat into usable mechanical or electrical energy, opening up an immense market representing hundreds of gigawatts of potential power production. This is wasted energy that previously could not be economically harnessed as usable power by competing technologies. PwrCor's breakthrough technology can change the profile of how energy is created and consumed in markets around the globe, and can be used in place of or in conjunction with almost all existing technologies. PwrCorTM is a completely ‘green’ technology that uses no fossil fuels, does not operate via combustion, has no emissions, and does not process any working fluids that are flammable, harmful to the environment, or costly to replace. PwrCorTM is scalable, modular, and runs relatively silently, all within a small footprint.

About PwrCor, Inc.
PwrCor, Inc., is an advanced technology company that specializes in renewable energy, offering advanced cleantech solutions for the Waste-Heat-to-Power, Geothermal, and Solar Thermal markets, as well as other applicable markets. PwrCor is also focused on energy infrastructure development projects and delivering cleantech energy solutions to commercial and not-for-profit customers. Please visit our website at www.pwrcor.com for additional information.

Safe Harbor Forward-Looking Statement
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve unknown risks and uncertainties that may individually or mutually impact the matters herein described for a variety of reasons that are outside the control of the Company, including, but not limited to, its ability to raise sufficient financing to implement its growth strategy, and its ability to successfully develop and commercialize its proprietary products. Readers are cautioned not to place undue reliance on these forward-looking statements as actual results could differ materially from the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the Company's most recent reports on Forms 10-K, 10-Q, 8-K, Schedule 14A and other filings made with the SEC. Copies of these reports are available from the SEC's website, www.sec.gov, or without charge from the Company. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results could differ materially from those anticipated in these forward-looking statements, if new information becomes available in the future.

Company Contact:
Thomas Telegades, CEO
212-796-4097
[e-mail]

Source: PwrCor, Inc.

[mufc7]

Yes seems like its quite well put together.

[MikeyLikesStocks]

Looks like we could be getting ready to run.

[MikeyLikesStocks]

The bones of this deal are looking pretty solid.

[mufc7]

Interesting sector here. "PwrCor, Inc., is an advanced technology company that specializes in renewable energy, offering advanced cleantech solutions for the Waste-Heat-to-Power, Geothermal, and Solar Thermal markets, as well as other applicable markets."

[Garbage2Gucci]

PWCO is OTCQB tier. strong starting point.

[Garbage2Gucci]

This seems like its just waking up.

[Garbage2Gucci]

The very best plays are the ones you get in on early.

[Garbage2Gucci]

Buzzing to see the open tommorow

[Garbage2Gucci]

I've been in on some lurative plays that started just like this.

[mufc7]

Hidden gem here. Some big whales accumulating.

[Garbage2Gucci]

Promising close here. I'm liking the way this chart is forming up.

[DOKU1]

Really want to see that spread tighten up.

[PowerBull]

First comes volume then comes price.

[PowerBull]

This is very much an undiscovered gem.

[DOKU1]

Potential to become a sweet runner here

[PowerBull]

Hoping we get some news from corporate soon.

[DOKU1]

This should be a nice multi bagger from here.

[PowerBull]

Still very oversold and underrated.

[DOKU1]

Fair to say anything under a buck here is a steal.

[DOKU1]

Next big development we see this go to $1.50.

[PowerBull]

Definition of a hidden gem here.

[DOKU1]

Massive potential in renewable energy sector.

[Let's Roll]

$PWCO - New article out on the company! https://www.privateequitymarkets.us/newsletter/pwco-disruptive-heat-to-power-conversion-technology

[Finditdotcom]

PwrCor, Inc.’s Disruptive Heat-to-Power Technology now Filed for Patent Protection in Fifty Countries

https://finance.yahoo.com/news/pwrcor-inc-disruptive-heat-power-142013776.html

[Renee]

CSEI: effective March 29,2017 Receivable Acquisition and Management Corporation, CSEI, will change to PwrCor Inc., PWCO:

http://otce.finra.org/DLSymbolNameChanges

[Quintessence]

Could be moving on a PR released yesterday.

https://globenewswire.com/news-release/2017/01/04/903241/0/en/CSE-Selected-for-Clean-Energy-Project.html

[Quintessence]

I don't know, but wow - quite a move today. Unfortunately I'm holding any shares...

[buxmaker]

What is up with CSEI? It is on fire today.

[Quintessence]

Good morning CSEI. Anyone still in or watching CSEI? It caught me eye as a low floater, but not a lot of volume. What's the story here? Thanks.

[stocktrademan]

$CSEI recent news/filings

bullish

## source: finance.yahoo.com

Mon, 18 Aug 2014 20:44:47 GMT ~ RECEIVABLE ACQUISITION & MANAGEMENT CORP Files SEC form 10-Q, Quarterly Report


read full: http://biz.yahoo.com/e/140818/csei10-q.html
*********************************************************

Wed, 02 Jul 2014 18:25:00 GMT ~ RECEIVABLE ACQUISITION & MANAGEMENT CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Change in Di


read full: http://biz.yahoo.com/e/140702/csei8-k.html
*********************************************************

Thu, 29 May 2014 17:04:10 GMT ~ RECEIVABLE ACQUISITION & MANAGEMENT CORP Financials


read full: http://finance.yahoo.com/q/is?s=csei
*********************************************************

Tue, 20 May 2014 15:03:40 GMT ~ RECEIVABLE ACQUISITION & MANAGEMENT CORP Files SEC form 10-Q, Quarterly Report


read full: http://biz.yahoo.com/e/140520/csei10-q.html
*********************************************************

Wed, 07 May 2014 17:48:41 GMT ~ RECEIVABLE ACQUISITION & MANAGEMENT CORP Files SEC form 10-K, Annual Report


read full: http://biz.yahoo.com/e/140507/csei10-k.html
*********************************************************


$CSEI charts



basic chart ## source: eoddata.com



$CSEI company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/CSEI/company-info
Ticker: $CSEI
OTC Market Place: OTCQB
CIK code: 0000733337
Company name: Receivable Acquisition & Management Corp.
Company website: http://www.cseindustries.com
Incorporated In: DE, USA

Business Description: Energy services and consulting. Project management and/or development of energy and/or clean-tech projects. Sales of energy efficiency equipment.


$CSEI share structure

## source: otcmarkets.com

Market Value: $11,849,338 a/o Aug 21, 2014
Shares Outstanding: 197,488,959 a/o Jul 31, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.001
$CSEI extra dd links

Company name: Receivable Acquisition & Management Corp.
Company website: http://www.cseindustries.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/CSEI/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/CSEI/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=CSEI+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=CSEI+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=CSEI+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/CSEI/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/CSEI/news - http://finance.yahoo.com/q/h?s=CSEI+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/CSEI/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/CSEI/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/CSEI/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/CSEI/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/CSEI/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/CSEI/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/CSEI/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/CSEI/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=CSEI+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/CSEI
DTCC (dtcc.com): http://search2.dtcc.com/?q=Receivable+Acquisition+%26+Management+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Receivable+Acquisition+%26+Management+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Receivable+Acquisition+%26+Management+Corp.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.cseindustries.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.cseindustries.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.cseindustries.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/CSEI/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/CSEI
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/CSEI/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/CSEI/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/CSEI/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000733337&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/CSEI/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/CSEI/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/CSEI/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/CSEI/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=CSEI&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=CSEI
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/CSEI/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=CSEI+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=CSEI+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=CSEI
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=CSEI
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=CSEI+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/CSEI/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=CSEI+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/CSEI.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=CSEI
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/CSEI/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/CSEI/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/CSEI/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/CSEI/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/CSEI
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/CSEI
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/CSEI:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=CSEI
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=CSEI



$CSEI DD Notes ~ http://www.ddnotesmaker.com/CSEI

[kranthikumar]

CSEI is getting attansion and momentum

[Renee]

RCVA changed to CSEI:

http://www.otcbb.com/asp/dailylist_detail.asp?d=10/31/2013&mkt_ctg=NON-OTCBB

[SuperC]

RCVA http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83274740&txt2find=rcva

.009/.07 now

http://investorshub.advfn.com/boards/msgsearch.aspx?searchstr=rcva

[coffee37]

wake up everybody this thing is getting some action!!!!!!!!!!!

[10 bagger]

RCVA.. $0.015.. I-Box Updated..

RECEIVABLE ACQUISITION AND MANAGEMENT CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

ASSETS
December 31,
2010 September 30,
2010

CURRENT ASSETS
Cash $ 173,819 $ 186,401
Employee Advances 7,250 -
Finance receivables - short term 14,947 18,923

Total current assets 196,016 205,324

OTHER ASSETS
Finance receivables - long-term 29,893 38,418

Total other assets 29,893 38,418

TOTAL ASSETS $ 225,909 $ 243,742


LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
Accrued and other expenses $ 36,002 $ 41,481

Total current liabilities 36,002 41,481

COMMITMENT & CONTINGENCIES

STOCKHOLDERS' EQUITY
Preferred stock, par value $10 per share;
10,000,000 shares authorized in 2010 and 2009 and 0 shares
issued and outstanding at December 31, 2010 and
September 30, 2010, respectively - -
Common stock, par value $.001 per share;
325,000,000 shares authorized in 2010 and 2009
and 17,748,896 and 16,802,896 shares issued and
outstanding at December 31, 2010 and September 30, 2010, respectively 17,749 16,803
Stock subscription receivable (345 ) -
Additional paid-in capital 657,797 651,648
Accumulated deficit (485,294 ) (466,190 )
189,907 202,261

Less: Cost of treasury stock, 1,070,000 shares - -

Total stockholders' equity 189,907 202,261

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 225,909 $ 243,742





The accompanying notes are an integral part of these condensed consolidated financial statements.


2
--------------------------------------------------------------------------------





RECEIVABLE ACQUISITION AND MANAGEMENT CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
FOR THE THREE MONTHS ENDED DECEMBER 31, 2010 AND 2009

2010 2009


REVENUES
Financing income $ 9,801 $ 53,920
Service income and other 187 2,800
Total revenues 9,988 56,720

COSTS AND EXPENSES
Selling, general and administrative 29,157 74,590
Impairment of receivables - -
Total costs and expenses 29,157 74,590

INCOME (LOSS) FROM OPERATIONS (19,169 ) (17,870 )

OTHER INCOME (EXPENSES)
Interest income 65 121
Total other income (expenses) 65 121
0

NET INCOME (LOSS) APPLICABLE TO COMMON STOCK $ (19,104 ) $ (17,749 )

INCOME (LOSS) PER COMMON SHARE, BASIC $ (0.00 ) $ (0.00 )

INCOME (LOSS)PER COMMON SHARE, FULLY DILUTED $ (0.00 ) $ (0.00 )

WEIGHTED AVERAGE SHARES OUTSTANDING, BASIC 17,646,200 16,052,896

WEIGHTED AVERAGE SHARES OUTSTANDING, DILUTED 17,646,200 16,052,896

[10 bagger]

RCVA.. $0.015..

I hope so as I have bought almost 400K at around this level.. $0.0186 Ave.. It's a clean shell and I thought on several occasions there was a merger.. All FAILED but this is the first time I have seen stock come out below $0.04.. hankhank

[russo123]

Well, hopefully this is the start of more from these guys. I would love to see more developments announced from what they started.

[10 bagger]

RCVA.. $0.01

FORM 8-K


--------------------------------------------------------------------------------

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 9, 2011

RECEIVABLE ACQUISITION & MANAGEMENT CORPORATION
(Exact name of registrant as specified in its charter)


Delaware 001-09370 13-3186327
(State or other jurisdiction
of incorporation) (Commission File Number) (IRS Employer
Identification No.)


2 Executive Drive, Suite 630 Fort Lee, NJ 07024
(Address of principal executive offices and Zip Code)


Registrant's telephone number, including area code: [phone]


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)



o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)



o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))



o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




--------------------------------------------------------------------------------



Item 4.01 Changes In Registrant's Certifying Accountant.

Previous independent registered public accounting firm


On February 7, 2011 (the “Dismissal Date”), Receivable Acquisition & Management Corporation (the “Company”) advised Friedman LLP (the “Former Auditor”) that it was dismissed as the Company’s independent registered public accounting firm. The decision to dismiss the Former Auditor as the Company’s independent registered public accounting firm was approved by the Company’s Board of Directors on February 7, 2011. The reports of the Former Auditor on the Company’s financial statements for the years ended September 30, 2010 and 2009 did not contain an adverse opinion or disclaimer of opinion, and such reports were not qualified or modified as to uncertainty, audit scope, or accounting principle.


During the years ended September 30, 2010 and 2009, and through the Dismissal Date, the Company has not had any disagreements with the Former Auditor on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the Former Auditor’s satisfaction, would have caused them to make reference thereto in their reports on the Company’s consolidated financial statements for such years.


During the years ended September 30, 2010 and 2009, and through the Dismissal Date, there were no reportable events, as defined in Item 304(a)(1)(v) of Regulation S-K.


The Company has requested that Former Auditor furnish it with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements. A copy of this letter is attached hereto to this Form 8K as Exhibit 16.0

New independent registered public accounting firm


On February 9, 2011 (the “Engagement Date”), the Company engaged Silberstein Ungar PLLC (“New Auditor”) as its independent registered public accounting firm for the Company’s fiscal year ended September 30, 2011. The decision to engage the New Auditor as the Company’s independent registered public accounting firm was approved by the Company’s Board of Directors.


During the two most recent fiscal years and through the Engagement Date, the Company has not consulted with the New Auditor regarding either:

? application of accounting principles to any specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report was provided to the Company nor oral advice was provided that the New Auditor concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or

? any matter that was either the subject of a disagreement (as defined in Regulation S-K, Item 304(a)(1)(iv) and the related instructions) or reportable event (as defined in Regulation S-K, Item 304(a)(1)(v)).

Item 9.01 Financial Statements and Exhibits.


(a) Financial statements of businesses acquired.

Not applicable


(b) Pro forma financial information.

Not applicable

(c) Shell company transactions.

Not applicable

(d) Exhibits





--------------------------------------------------------------------------------



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Receivable Acquisition & Management Corporation

Date: February 9, 2011 By: /s/ Max Khan
Max Khan
Chief Executive Officer




--------------------------------------------------------------------------------



EXHIBIT INDEX


Exhibit
No. Description
16.0 Notification letter of Friedman LLP




--------------------------------------------------------------------------------







February 7, 2011


Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549-7561

File Number 001-09370

Dear Sirs/Madams:

We have read Item 4.01 of Receivable Acquisition & Management Corporation Form 8-K dated February 7, 2011 and we agree with the statements made concerning our firm.

Sincerely,



Friedman LLP


FLLP:rs
HG-2011:02:07:SEC:Ltr:Receivable:Acquisition

[russo123]

Hank... I appreciate your intent but I've been doing this a long time now, and I don't believe I need you to save me some money. And yes you have irritated some here, myself included. You may have been here the longest, but that doesn't mean others may not have a different way of looking at things then you.

Yes the stock is lower now, but as I said, I believe it will depend on the Agility deal. I'm completely making up these numbers, but what if the deal is so attractive , that RCVA opens at 0.50 (Let's all be clear, I am absolutely not saying it will!) after the deal is announced (if it ever is). How will your interjecting into this help anyone? You basically pushed everyone away. I know you pushed me away. Maybe I would've bought some at 0.15. (I did not). But I had no desire to follow your rantings.

I'm not an IHUB expert but I much prefer reading posts from people that have something to add to the discussion, and then make my own decisions. I don't think it's as important where the stock is at any time. I believe it's way more important how much you can buy at levels, if and when someone decideds to buy. If there isn't much for sale down here, what difference does it make?

[10 bagger]

RCVA..$0.0358

It is now back to the level if anything will happen is a good risk/reward buy should/could be made here ..

Just bought 11/26/10 11:02 AM EST Buy 18883 RCVA Executed @ $0.0358 Details | Edit

I think I might of irritated a few for being so negative about the price before when it was 4X higher but I hope I saved a few some money.. I will continue to buy at this level.. hank

------------------------------------------

10 bagger Share Monday, October 25, 2010 12:41:44 PM
Re: 10 bagger post# 98 Post # of 183

RCVA.. $0.155

This letter seems to have no distribution... If there was payment or shares given by the company,, it seems to be/it was a total waste of shareholders funds.. Thats my IMO.. Except for 2388 shares I was the volume today.. Let's see 2388 X $0.155 equals $37.01 plus Comm.. W0W...

In the body of the letter where the following appears "We make an effort of only recommending small cap stocks that have actual real business plans and revenues with the prospect of those revenues sky rocketing."... Could they at least give the size of the company being acquired along with an address and the number of employees.. Since they tout that they know the business plan it must be public knowlwdge and I just can't find it.. hank

"At TODAYSSMALLCAPTIP.COM our staff spends grueling amounts of hours and days researching our small cap tips. We make an effort of only recommending small cap stocks that have actual real business plans and revenues with the prospect of those revenues sky rocketing. We will never recommend to you stocks that just have a dream and pray with no actual results like so many other Newsletters do. "

[papou114]

good morning, folks.

[10 bagger]

In Reply to 'PennyStockMania' on 'Receivable Acquisition & Management Corp. (RCVA)'

"As you say the merger could be big so there is no reason to entice people NOT to buy, just a tad hypocrticial dont ya think?"

Would you feel the same way if they issued 200,000,000 shares for the deal.. It could be big but what will it be on a per share Basis.. That is what I posted.. Read into my post what you must but the fact is that until we know the number of shares issued we will know little about present shareholders participation in the deal and what % they own.. hank

[papou114]

Sure hoping so.....it was nice to see 70k shares traded, thats for sure.

[PennyStockMania]

This should move easily from these PPS, closing the Agility aqusition will be huge imo.

[PennyStockMania]

I am just an old OTC trader that hates touts and paid for PR firms that tout.. The merger could be big but until we find out if they give away million's of shares there is no reason to entice people to get into the stock..

As you say the merger could be big so there is no reason to entice people NOT to buy, just a tad hypocrticial dont ya think?

[papou114]

New MM at .12

[russo123]

I tell ya what, I won't try to figure you out if you don't misrepresent my posts in one of yours.

Again, I never told anyone to buy this stock. And you have every right to sell your shares at whatever price you want, just as anyone has a right to buy shares at any price they want.

How bought we make a deal. Noone will complain about your sales if you don't complain about people expressing an opinion of a stock that's different then yours. If people think the stock is cheap at 0.15, they should be allowed to say that without you jumping all over them.

If someone thinks it should be sold at 0.13, they should be able to say that too. Every opinion should be accepted. Even if it's different then yours.

I re-iterate, I personally believe it is too soon to buy the stock now, at any price, until we know more about the Agility deal. I would rather pay up, and know what I'm buying, then take a chance now and have the LOI fall apart.

That's my opinion. Doesn't mean I'm right. And anyone is free to think differently if they choose.