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I just have a feeling about this one, I think those who are patient will not miss out. The DD to to great to pass up here, and the 90% ownership of the o/s by mgmt sold me on it.
I have a hard time believing people will sell this down to trip zeros, kind of nuts, nobody selling at 006, we'll see.
you see people selling?
the CUSIP # changing seems to indicate that, but who knows.
I think it will be sooner, could be next week, next month, could be in 3 years. who knows, I just think it will payoff nicely down the road.
haha, trust the DD my friend, patience really will payoff imo. anyone want to sell me their shares?
It will not see triple zeros ever again...haha sorry
*PMG is nothing like this stock
agreed, double zeros I can live with, there is a wall on the bid at 008, I'll be ready to buy down there.
trip zeros? haha
There wont be an R/S, wouldn't make any sense whatsoever, and I don't see them hurting the stock for pointless reasons. Remember, Gale has been involved in a massive R/M before.
patience will pay. When there is volume, there is no resistance, and it moves on air.
DMWK is going to be big.....
DMWK, CUSIP # changed, Merger completed, no R/S! mgmt owns 90% of o/s.
DMWK, Merger completed CUSIP # changed, No R/s, mgmt owns 90% of o/s. Has gone unnoticed so far.
DMWK, Merger Complete. No R/s, multi million Revs, mgmt owns 90% of o/s. Boom Roasted.
DMWK, Merger completed, Mgmt owns 90% of o/s, no R/S. DD is compelling.
Yes, The fact that mgmt owns 90% which means no r/s, and the things that will unfold here....patience will payoff here imo.
Obviously there is a little more to it than that, they are obviously working behind the scenes to get things moving, remember this shell has had no volume for some time, things just starting to heat up here.
Everything I have seen has indicated this is a hidden gem, people aren't seeing the DD. What convinced me most was the IR saying the company is not interested in recapitalization, which means no R/S. If indeed there is no R/S, it is only a matter of time before this thing literally explodes.
DMWK- The DD is compelling. Looking at a 5-10 bagger easily imo.
As of yesterday, the CUSIP had changed, its a good sign....
DD Compilation post:
It's time we get this thing noticed:
PPS: Chart is above resistance, the sky is the limit, imo.
Share Structure:
Shares Outstanding: 374,480,602
Float: 43,518,500
Authorized Shares: 500,000,000
M.A.GALES&,CO has a CUSIP # and Diversified Mortgage no longer does that means M.A.GALES is now DMWK as of (5/19/2011)
"DMWK- announced the purchase of in excess of 90% of the outstanding capital stock of Diversified Mortgage Workout Corporation (OTCPK: DMWK), a public entity company that is currently traded on the Pink Sheets. The acquired Company's listing is Depository Trust Company ("DTC") compliant with six market makers and approximately 350 shareholders. " March 22, 2010.
IR has confirmed:
-No plans at this time to recapitalize the share structure of DMWK, this means- No plans for Reverse Split.
-Planning to uplist and become fully reporting after the reverse merger is finalized.
-Michael Gales (CEO) has done a successful startup R/M before with AIRI.
IR CONTACT INFO: Jordan Darrow (631-367-1866) http://www.darrowir.com/contact_us.php
Website: http://magalesco.com/
Management:
Michael Gales (CEO) was involved with GLDS. An R/m back in 06 that ran to $2 bucks. 52 wk range, GLDS, run from $.10-$2.25. Michael A. Gales, RIA – Chairman & Chief Executive Officer; Over 35 years as corporate executive, investment banker and entrepeneur. Has formed publicly traded holding company in aerospace industry previously, and chaired four publicly traded companies.
04/18/2011 M.A.GALES&CO.,INC. an acquisition, holding, management and consolidation company in the energy, industrial and chemical systems and services industries, today announced the [appointment of Gerald Habib to its Advisory Board. As a member of the Advisory Board and drawing on a lengthy career as [an operational executive for leading chemical companies around the world], Mr. Habib will provide advice and expertise in chemical and related industries to M.A.Gales&Co.,Inc.’s executive team.
Mr. Habib’s appointment complements the prior selection of Mark I. Wagner, Ph.D. to the Company’s Advisory Board. Dr. Wagner’s career has focused on research and development of chemical and related products from initiation through [post-commercialization for some of the world’s most prominent companies]. The collective talents of these Advisory Board members will be brought to bear most prominently for Gales’ Chemical Systems and Services Group activities.
“We welcome Mr. Habib to our Advisory Board and look forward to benefitting from his expertise in chemical company operations as we set our sights on the pursuit of acquisition targets in the chemical manufacturing and related service industries,” said Michael A. Gales, Chairman and Chief Executive Officer of M.A.GALES&CO.,INC. [“We are well on our way toward acquiring severalcompanies for our Gales Energy Services Group]. With the [Energy division’s progression well under way], we are [actively putting in place strategies and resources]for the advancement of our planned Industrial Systems and Services and our Chemical Systems and Services Groups. Mr. Habib’s appointment to our Advisory Board along with our executive management team represents a group of industry veterans who are leveraging their business relationships and acumen for the furtherance of our mission as an acquisition, management services, holding and consolidation company.”
Gerald A. Habib is a seasoned [executive and independent director for several companies] with diversified technical, financial and business experience. Most recently, he had been the Chief Operating Officer of TCI Companies until its sale to a strategic acquirer. Earlier, [he had been Director of Worldwide Planning and Business Development for a $1 billion]specialty chemicals division of NL Chemicals. His operational and technical experience, spanning over 30 years, is highlighted by the [ability to take technology and products to market ]utilizing internal sales and marketing, licensing, business development partnering, joint venture formation, and mergers and acquisitions in the areas of process engineering and sales of chemicals, polymers and related industrial products.
Mr. Habib received his B.S. in Chemical Engineering from City College, NY and Masters of Business Administration (MBA) in Corporate Finance from New York University.
Laurence S. (Larry) Rosenblatt - Vice Chairman, Director, President & Chief Operating Officer; BSE, Civil Engineering, MSSM, Management Science, CFP
35 years experience in energy industry management. Executive in international project development, negotiation, and operations. http://magalesco.com...senblatt-CV.pdf
Eli S. Lustgarten - Director; BSEE, MSEE, MBA
Wall Street career in industrial manufacturing and technology sector. Six-time WSJ all star; often seen on CNBC and Bloomberg. http://magalesco.com...stgarten-CV.pdf
Louis A. Alifano - Executive Vice President & Chief Financial Officer; BA, Accounting, MBA, CPA
Over 30 years experience particularly in financial controls, corporate governance, and SEC reporting. http://magalesco.com.../Alifano-CV.pdf
Ronald E. Blum - President, Industrial Systems & Services Division; 40 years experience in oversight and management of capital investment projects in the energy and infrastructure fields. Top executive positions held in Operations, Marketing and Sales. http://magalesco.com...mes/Blum-CV.pdf
Robert A. Daniels - General Manager, International Technology Transfer & Licensing
Over 30 years in licensing and implementation of cutting edge technology applications in diverse industries on an international basis; such as medical supplies, military, and industrial applications.http://magalesco.com.../Daniels-CV.pdf
Advisory Board Personnel:
Mark I. Wagner, Ph.D. - Ph.D. in Organic and Organometallic Chemistry
Constantine George Soras, Ph.D. - MA and PhD in Economics
Edwin Mendlinger - 40 years in investment banking, transaction development and deal structuring.
MG (USA Ret) Ira A. (Jim) Hunt, Jr. - USMA '45, 35 years of business development, management advisory, Board service and entrepreneurial experience post retirement from active service.
CHART: http://stockcharts.com/h-sc/ui?s=DMWK&p=D&b=5&g=0&id=p78456155946
In my opinion, this stock is primed for a major breakout. There are clearly things going on behind the scenes and I think it's only a matter of time before things start to come to light. Sitting in the .01 range, I think it offers a great opportunity for a multi-bagger.
Idk if I have seen this posted anywhere, worth a look see....
WHITE PLAINS, N.Y., Aug 15 /PRNewswire-FirstCall/ -- Diversified Mortgage Workout Corporation (Pink Sheets: DMWK) today announced that they have received investment commitments of $20,000,000 dollars from a foreign (Dubai) private investment group very interested in the company's business logic.
The company will utilize these funds to take control of at least 100,000,000 dollars worth of sub-prime mortgages discounted at 20 percent on the dollar, the company's staff will review all offers and acquire the portfolio with the best return on investment.
"We are very excited about this investment as it is only the beginning, our staff will evaluate each and every offer for the best opportunities, as it is well known we are the leaders in the field of acquiring discounted mortgages," said Victoria Forlenza President & COO.
heavy resistance in the 1.1's, if we can break that it could start really moving.
Don't listen to Scars projections....hahaha, he is literally wrong everytime. This ran to the mid 3 cent range last run in feb.
I like the share structure a lot. Trying for that penny break. hopefully we can surge past resistance this time.
im not.
its only a matter of time.
if you are going to sell, you sell on the ask on a run, stupids.
haha, nothing new to find, there doesn't need to be, the DD is very very good. this stock is very cheap.
low volume move down, if you want to sell down here, thanks for the cheapies. haha
selling at 009 would be retarded. hahaha. jmo.
MOBI DICK is more like it! haha
yes, check out the DD on the board, CEO was involved in R/M a few years back that exploded to multi dollars.
I guess I dont understand, im glad I sold in multi dollar land then since I dont belong here If I dont understand whats going on.
GLTY
hahaha, there is no argument. What he said is perfectly logical, the value of the acquisition was at 6 cents, and that absolutely does matter. How can you say it doesn't matter? If the value of the acquisition was at $2 I'll bet it would matter wouldn't it? my god.
then maybe you need glasses? because those numbers are right there on the first page.....
No, it's not a technicality. The bottom line is, if the acquisition was so HUGE! why has the PPS dropped from $2.50 to .$71 in a few days?
The answer can be found here....
"The value of the acquisition.
No way in hell was a 2.4 million dollar acquisition going to bring buyers into a stock with a market cap over 100 million.
They also made the acquisition at .06 per share!!!!"
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