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More buying today...
Wonder if anything is going on...
What's amazing is this company is valued at almost nothing, and yet still has an operation that is running...
I'm not selling this until it's a profit. And let's just say we've got a ways to go. :-P
LONG AND STRONG!!!
weeeeeeeeeeee!
lol...still here with ya.............
nice............maybee company is coming out with something...
Nice volume today, did anyone get in on the double off .001?
Some added interest here, could something be brewin?
HMMMM
Hydro
When I talked to IR contact last month she said they were still a float but we're going to need to make some changes or win new business to grow the company...
At this price it's worth the gamble with such a small share count *any* news will move this thing quickly.
i may load up some more tomorrow...this could have been an impatient trader..
I talked to the IR lady and the secretary at the main office number a while back...
I have not tried to call in the last couple of weeks...
well today it hit its 52 week low...has anyone been able to call the company?
I'm holding just to be sure, at these levels it's hard to have much more to lose. :-P
I wonder if they are trying to shake out some shares? Could be a sign of good things to come. Or we could have wasted time and cash here!
I will hold my 50K just in case
I think something might be up, someone has been actively trying to drop the price of this stock over the last couple of weeks.
Looks like they were successful today.
I wondering if something is brewing?
Nothing here.
Anyone else?
I've talked to the front desk lady and the investors relations lady.
They are working to get the company back on track. The goal would be eventually up-listing again.
has anyone tried calling company?
SURE IS.........LITTLE BY LITTLE WELL MOVE.........
Nice to log on and see the spike
im right here with ya bud...............
One thing I noticed in the last filing with the SEC...
Percent of Class Represented by Amount in Row (9) 5.37%
Aggregate Amount Beneficially Owned by Each Reporting Person 1,562,500
If you do the math on the number of outstanding shares you get a total that is just shy of 30,000,000.
So let's for sake of argument round it up to 30 million.
30 million X .006 (per share) = $180,000
This starts to look like a very safe play...
If they make money the value of the company goes up.
If they go out of business they become an excellent vehicle to take another company public via reverse merger. Either way it seems to be a win win.
In talking to IR and the company the impression I get is they simply have too much money invested in the company to just walk away and give up on it.
They have about 20 remaining staff and are doing everything in their power to make this thing work.
If they turn the corner this stock goes big time...
They are very focused on keeping the company going and that's why they have fallen out of filing updates.
According to the last filing Zesiger Capital has a stake in the company - http://zesigercapital.com
This is per a filing in February by RS Group.
nice job everyone...dd and ibox looking good~
Great DD so far everyone!
I think it's just a matter of time before interest wakes up in this stock.
A PR could ignite this thing.
With only 30 million shares outstanding the float has to be very very small!
NICE AND THIS NEWS IS FROM APRIL THIS YEAR WEEEEEEEEEEEEEEE
HUGE>>>>>>>>>>AND THERE IS NOTHING DENYING IT.....
I really like this part:
RS Group of Companies will issue to RGA warrants to purchase 2,000,000 shares of RSGC`s common stock at an exercise price of $3.25 per share.
April 25 2007, this is huge info here, appears a vertical merger wnet down unnoticed!
"Today`s announcement provides RS Group of Companies with the balance sheet strength and working capital necessary for the Company to pursue its aggressive business plan. It also provides the Company with the cash needed to complete our previously announced planned acquisition of Canadian Intermediaries Limited ("CIL")," said John Hamilton, CEO of RS Group of Companies, Inc. "CIL is a consistently profitable company with a strong international reputation and excellent relationships within the London and Lloyd`s Market. This acquisition will allow RSGC a vertical integration to wholesale its products through an established and highly regarded distribution network."
Industry News Article
RS Group of Companies, Inc. and Invvision Capital, Inc. Announce Strategic Alliance; Invvision to Market RSGC`s Rent Shield Product to Its Existing Clientele of Several Hundred Thousand Residential Apartment Unit
Business Wire
April 25 2007
RS GROUP OF COMPANIES, INC. (formally RENT SHIELD CORP.) (OTCBB:RSGC), a provider of pass-through risk specialty insurance and reinsurance products, and INVVISION CAPITAL, INC. d/b/a RG America (RGA), (OTCBB:INVA), announced today the execution of strategic alliance.
Under the terms of the 20-year agreement, Invvision Capital will market RS Group of Companies` Rent Shield residential rental guarantee program on a non-exclusive basis in the United States and Canada to RGA`s existing clientele of property managers and apartment owners who collectively own in excess of 450,000 residential apartment units. As part of the agreement, RGA is committing that it will enroll no less than 100,000 residential units in the Rent Shield program by no later than August 6, 2005. During the term of the agreement, RGA has agreed not to market any similar or competing product for residential rental guarantee.
Additionally, RS Group of Companies has appointed RG Restoration, Inc., a wholly-owned subsidiary of RGA, as the exclusive contractor to perform on behalf of RSGC property damage claims adjustments in the United States and Canada. RS Group of Companies will issue to RGA warrants to purchase 2,000,000 shares of RSGC`s common stock at an exercise price of $3.25 per share.
Commenting on the announcement, John Hamilton, CEO of RS Group of Companies, Inc., stated, "This alliance with RGA is an excellent mutual fit for both companies. RGA will be taking our innovative residential rental guarantee program to its existing clientele of owners and operators of several hundred thousand apartment units across the U.S., and we have a capable partner to contract out all future claims adjustment. We anticipate significant traction and uptake of our Rent Shield product over the next 3 months."
"The Rent Shield program is a perfect addition to our group of risk management offerings. It fits well with our commitment to provide value and saving to the multi-family housing market as well as additional income for owners and property managers. We are very optimistic about our expanding relationship with the RSGC organization", said J. E. (Ted) Rea, CEO of RG America.
RS Group of Companies` core product, the RentShield(TM) residential rental guarantee program, (http://www.rentshieldexpress.com):
- Guarantees, without question, to automatically pay the landlord up to six months of rental income in the event of tenant default within 30 days of the due date.
- Pays the landlord up to $10,000 for willful damage by a tenant.
- Eliminates the landlord`s legal, eviction, and administrative collection expenses.
- Pre-qualifies a prospective tenant through background and credit verification within 48 hours of their application.
- Eliminates the need for landlords requiring up-front payment of a security deposit and last month`s rent.
- Provides property owners the online tools that help administer residential rental properties and access other RSGC products and services.
- Provides landlords and tenants online access to listings of vacant properties.
About RS Group of Companies, Inc.
RS Group of Companies, Inc. (http://www.rentshieldcorp.com) has developed and is implementing a strategy to design, structure and sell a broad series of pass-through risk specialty insurance and reinsurance platforms throughout North America. In November 2003, through its wholly owned subsidiaries, the Company introduced its core pass-through risk solution, RentShield(TM) (http://www.rentshieldexpress.com), a residential rental guarantee program being offered to North America`s $300 billion residential real estate rental market. It is estimated that there are over 38 million rental units in the United States and Canada. Rental Guarantee was first developed in Finland to provide surety to residential property developers and is being used as an extremely effective marketing tool in the United Kingdom for the buy-to-let market. It protects investments in the rental units by receiving a guaranteed income on a certain timeline.
About RG America
RG America is a publicly traded company that provides a broad array of fee-based products and services addressing clients` need to control the costs of risk management for their multi-family housing real estate assets. These services include traditional insurance products, loss control and engineering consulting, administration of claims, restoration construction and innovative financial products including those that minimizing business interruption costs. RG America has just introduced our new PropertySMART(SM) program. This is an exciting new product aimed at reducing the costs of property insurance for the multi-family housing industry. The company is based in Dallas, Texas. More information is available at www.rgamerica.com.
Forward-Looking Statement
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", "believe", "intends", estimates" including without limitation, those relating to the Company`s future business prospects, 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.
CHECK THIS OUT:
Industry News Article
RS Group of Companies, Inc. Completes $8.5 Million Equity Financing
Business Wire
April 25 2007
RS GROUP OF COMPANIES, INC. (formally RENT SHIELD CORP.) (OTCBB: RSGC), a provider of pass-through risk specialty insurance and reinsurance products, announced today it has closed on a private placement of equity to institutional and accredited investors yielding gross proceeds of approximately $8,500,000 USD to RS Group of Companies. The placement was substantially over-subscribed as the Company originally sought to raise $5,000,000. Halpern Capital, Inc., acted as the placement agent. The investors who participated in the placement included funds managed by Zesiger Capital Group LLC, Gruber & McBaine Capital Management LLC and Redwood Grove Capital Management LLC. Details of the financing are outlined in the Current Report on Form 8-K that was filed by the Company on Monday, May 3 with the SEC.
"Today`s announcement provides RS Group of Companies with the balance sheet strength and working capital necessary for the Company to pursue its aggressive business plan. It also provides the Company with the cash needed to complete our previously announced planned acquisition of Canadian Intermediaries Limited ("CIL")," said John Hamilton, CEO of RS Group of Companies, Inc. "CIL is a consistently profitable company with a strong international reputation and excellent relationships within the London and Lloyd`s Market. This acquisition will allow RSGC a vertical integration to wholesale its products through an established and highly regarded distribution network."
On December 9, 2003, RSGC announced it had signed a letter of intent to purchase the assets of Canadian Intermediaries Limited of Toronto, Canada. Under the terms of the agreement, RS Group of Companies, Inc. will acquire the assets and all rights of CIL for $5 million in a combination of stock and cash. The acquisition is expected to add a minimum of $25 million in revenues and $1.75 million in EBITDA for RSGC over the next 12 months. CIL is an affiliated company of RSGC. RS Group of Companies` core product, the RentShield(TM) residential rental guarantee program, (http://www.rentshieldexpress.com):
- Guarantees, without question, to automatically pay the landlord up to six months of rental income in the event of tenant default within 30 days of the due date.
- Pays the landlord up to $10,000 for willful damage by a tenant.
- Eliminates the landlord`s legal, eviction, and administrative collection expenses.
- Pre-qualifies a prospective tenant through background and credit verification within 48 hours of their application.
- Eliminates the need for landlords requiring up-front payment of a security deposit and last month`s rent.
- Provides property owners online tools that help administer residential rental properties and access other RSGC products and services.
- Provides landlords and tenants online access to listings of vacant properties.
About Halpern Capital
Halpern Capital, Inc is an "idea driven" sell-side equity research and investment banking boutique involved in facilitating management restructuring, private placement and leverage buyouts. Halpern Capital founded by Baruch Halpern, has its offices in Florida and associates in New York, California, Virginia and Massachusetts. The firm brings a flexible and focused approach to the private placement in public entity (PIPE) market, offering a wide range of banking services on a selective basis. Halpern Capital, Inc. has completed over $300 million in financing over the last few years. Halpern Capital, Inc. is a NASD registered broker dealer. Additional information can be found at (www.halperncapital.com)
About RS Group of Companies, Inc.
RS Group of Companies, Inc. (http://www.rentshieldcorp.com) has developed and is implementing a strategy to design, structure and sell a broad series of pass-through risk specialty insurance and reinsurance platforms throughout North America. In November 2003, through its wholly owned subsidiaries, the Company introduced its core pass-through risk solution, RentShield(TM) (http://www.rentshieldexpress.com), a residential rental guarantee program being offered to North America`s $300 billion residential real estate rental market. It is estimated that there are over 38 million rental units in the United States and Canada. Rental Guarantee was first developed in Finland to provide surety to residential property developers and is being used as an extremely effective marketing tool in the United Kingdom for the buy-to-let market. It protects investments in the rental units by receiving a guaranteed income on a certain timeline.
Forward-Looking Statement
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", "believe", "intends", estimates" including without limitation, those relating to the Company`s future business prospects, 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.
NICE.........WAY UNDERVALUED AND DEFINATLY A HOLD ON TO STOCK...
RSGC a little of my DD:
02/13/07 SC 13G A statement of beneficial ownership of common stock by certain persons
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
GMCM is a registered investment advisor whose clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the Stock. Gruber & McBaine are the Managers, controlling persons and portfolio managers of GMCM. No individual clients holdings of the Stock are more than five percent of the outstanding Stock
Item 6 Ownership of More than Five Percent on Behalf of Another Person
02/13/07 SC 13G/A An amendment to the SC 13G filing 1
Clients for whom ZCG acts as investment adviser may withdraw
dividends or the proceeds of sales from the accounts managed by
ZCG. No single client account owns more than 5% of the class of
securities.
Zesiger Capital Group LLC is a money management firm committed to maximizing total returns on assets under management.
RS Group of Companies, Inc. (the "Company") is a holding company for an integrated group of insurance and finance-related businesses and affinity program managers. The Company has developed and is implementing a strategy to design, structure and sell a broad series of pass-through risk, specialty insurance backed and reinsurance platform products throughout North America.
Canadian Intermediaries Limited (CIL)
CIL is a Lloyd's of London Coverholder, which is a person authorized by Lloyd's to accept or to issue insurance documents evidencing the acceptance of risks on behalf of Lloyd's underwriting agents. CIL provides us the ability to specialize in `hard-to-place' liability insurance and credit insurance.
For the three months ended March 31, 2006 and 2005, revenue from insurance underwriting premiums amounted to approximately $4.1 million and $3.6 million , respectively. For the three months ended March 31, 2006 and 2005, approximately 86% and 96% of our underwriting insurance premiums were generated under a
coverholder agreement with Lloyd's of London.
06/09/06 10QSB Quarterly report filed by small businesses 2
PROPOSED MERGER
On December 31, 2005, the Company entered into a letter agreement (the "Agreement") with SII, pursuant to which the Company confirmed its intent to enter into a merger transaction. In such transaction, the Company will merge with and into SII or an affiliate, subsidiary or successor entity thereof (the "Merger Entity"), whereby the Merger Entity would be the surviving entity in the merger (the "Merger").
On January 20, 2006, we announced that by definitive merger agreement the Company and Strategy entered into a letter agreement stating that we would merge with and into Strategy or an affiliate, subsidiary or successor entity thereof, had agreed to merge effective December 31, 2005.
Dashwood, Brewer & Phipps Ltd. (Dashwood)
We own 49% of the issued share capital of Dashwood, a Lloyd's Insurance Broker in London, England. The investment in Dashwood is carried at equity, adjusted for the Company's proportionate share of Dashwood's undistributed earnings or losses.
Results of Operations
Three Months Ended March 31, 2006 and 2005
Summary
Revenues for 2006 were $4,094,374 compared to $3,617,069 for 2005.
Gross profit for 2006 was $410,463 compared to $319,373 for 2005.
Liquidity and Capital Resources
At March 31, 2006, we had cash and cash equivalents of $1,054,019, an increase of $565,604 from the cash and cash equivalents balance of $488,415 at December 31, 2005.
IBOX UPDATED..GOOD WORK GUYS EXCELLENT DD YOU BOTH HAVE DONE..LET ME KNOW IF ANYTHING IS MISSING..
do it up odiaz
Excellent!
I got a call back from IR at the company and she left me a nice voicemail.
She seemed willing to be very helpful.
I will call her back on Monday.
In her voicemail she did confirm speaking with someone earlier.
This company seems to be very willing to talk to investors.
That's a fantastic sign.
I think we have a great opportunity here and it's just beginning to unfold.
IM GONNA DO UP THE IBOX REAL NICE LATER ON TODAY..
Your right regaurding the TA.
"Seems as though the TA isn't responding to Hydro's fax."
Getting any information at all from the transfer agent has been a deadend so far.
Hydro
After looking at their product line, RS Group is a company that is seeking revenue from a niche market where property owners and property management companies can truly benefit. Seems to me there would be a large customer base for such insurance.
I've looked around to find similar companies offering the same deal and haven’t come up with much. They have a very good business plan.
BTW I agree, the ibox needs some attention.
Hydro
Knowing that are in fact still in business is important. They're just behind on their filings.
They have an interesting group of product offerings listed on their website.
Perhaps we should start building a profile for them in the ibox?
So 30m OS @ .007 is only a $210k cap. Shells are worth at least $500k for a reference point...
I talked to IR person today.
She was very informative and as accommodating as could be asked. She had recently visited the RS Group and gave me a general breakdown of thier current state. We discussed the current direction of the company where she said management has had to make some difficult cut backs with staff and the company is currently in a "coasting" state. We talked about the future direction of the company as it relates to new business and from what I could understand, management is currently at a point where the main revenue producing products that have kept the them in business so far, are in need of further funding or they are in need of more new large accounts to survive. She assured me that management is having meetings and is currently aggressively seeking the funding needed to move forward. She said the management staff is very "passionate" about thier business. IMO once they do get funding, investors will be looking at a whole new level of PPS.
We also talked about the current SEC filing status. This is where the company is in desperate need of help as they are currently one year behind in filing. If and when they get up to date with the filings, and with more funding of course, the RS Group will seek reinstatement to the OTCBB and get off the pinks.
The available information regarding OS and related company info can be found at www.pinksheets.com. According to the DD I have done so far, the OS is around 30mil.
RSGC is definitely a buy a hold at this point for me. I'd like to see if they could pull it together and get this PPS up. At this point it has great bottom play potential.
GLTA
Hydro
I also emailed -
Patti Cooke
Wellington-Cooke Corporate Services
1543 Bayview Ave., Suite 409
Toronto, ON
M4G 3B5
416-464-7484
pcooke@wellington-cooke.com
Who is listed as an IR contact on the website.
I'll try to give her a follow up call in a little bit to see if I can get any information out of her.
On my radar also!
Just added a board mark GLTA!
Thanks JC, I'm interested to see what she has to say. Heck, ask her if she knows the OS count and date she checked it. Seems as though the TA isn't responding to Hydro's fax.
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