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geoly...
If you have so much power then go use it rather than wasting your time bitching on the boards. THAT was my point.
I'm no longer spending time reading the 99% nonsense and whining that is vented on mssg boards. I can't believe that people have nothing better in life going on than to spend as much time as they do posting their unhappiness about things without DOING anything to attempt to bring resolution.
You kids have fun. I have a life and I've done what I need to do to feel comfortable and content with my investment.
Take care.
You all realize that absolutely nothing of any benefit comes of any of this bantering, don't you? Nobody here has any power to have any affect on the actions of the companies, so what is the point of all of this? Here's the bottom line, for those who like simplicity and who don't care to argue...
If you did your DD, or even if you didn't, and you like the prospects then invest and then go about your lives. If you don't like the prospects then move on to something you do like. Unless you're JJ or on the boards of one of these companies then what you have to say really amounts to nothing. If you are JJ or on one of the boards then get the hell out of here and stop posting!
Have a nice day!
And now back to our previously scheduled bantering...
eat...
This has gone on too long. Logic points to agenda, imo. No true shareholder would spend so long posting such doubtful, non-factual nonsense unless they had something to gain from doing so...or something to lose from not.
Hello, btw. :)
JMCP Corp.: (Pink Sheet: JMCP) Frank Love Comments on the Economics of the Joint-Venture with Strat Petroleum
via COMTEX
June 12, 2007
Jun 12, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Frank Love, the President of James Monroe Capital, is pleased to provide an update on the financial viability of the joint-venture with Strat Petroleum for the processing of oil sludge in the Russian Federation.
Our estimates as previously stated are to process 3700 barrels of sludge per day multiplied by 30 days then in a month we could process 111,000 barrels.
We expect recovery of up to 96% of the hydro carbons in the sludge which for some of the richer sludge reservoirs we are pursuing could mean at 75% plus of oil recovery; however for our calculations we will use 50% oil recovery sold at local prices. Therefore, in a month the total revenues in this JV should be at least $1,000,000.
The gross profit expected is approximately 50% giving the JV approximately $500,000 a month of which 40% will belong to James Monroe Capital or $200,000.
PetroLuxus Solution
The real benefit of the PetroLuxus solution is the ability to scale up operations with minimum investment, thus multiplying the monthly cash flows by several hundred percent.
Royalty Trust
James Monroe Capital's share of the monthly cash flow will be placed in the Royalty Trust to pay out as dividend and it also will be used to buy back as much stock as possible at prevailing market prices.
About James Monroe Capital Corporation
James Monroe Capital Corporation is a publicly traded holding company (symbol JMCP) that focuses on acquisitions, start-ups and oil ventures around the globe. The company solicits purchase contracts in the oil sector for stable income to build shareholder value. These efforts are "opportunistic and time-sensitive deals" often involving distressed situations where other parties have something very valuable they are about to lose entirely or economically not practical for larger companies. These are the type of acquisitions or buyouts JMCP will soon be announcing to its shareholders. Over the next 3 to 12 months JMCP shareholders will experience a totally remade James Monroe Capital Corporation focused in the Oil sector, Gold sector and Uranium sector.
http://www.smallcapcenter.com/story.asp?mysection=headlines&mypage=newsalerts.asp&ticker=SPR...
Walker...
I agree with your first sentence and have no problem with the second one. I'd like to ask you to be more careful in regards to your last two sentences. I've seen sooo many posts like this from various posters over the past several years and so far most have been in error.
It'll happen when it happens. Nobody here knows when. What some of us do know to various degrees, depending upon their connections and DD, is that the management of this company is doing and will continue to do their utmost to bring success and profits to all involved when all of the desired and necessary circumstances and events are ready to be made public, be that in June, January '08 or any other time. That is where my confidence lies and why my money is invested.
Take care.
geoly,
I don't recall hearing/reading "two weeks" from Les for anywhere near a year and a half. Granted, I haven't paid that much attention, but it certainly would have my attention if that has been the case.
I don't get discouraged because I'm not seeing any fake champaigne popping. I guess I'm not looking in the same places or reading/hearing from the same sources. No worries though. To each their own. I apologize for my post earlier because this appears to be more of an issue of perception and where one places their attention. Mine is on other things, for the most part, while things with MDMN get worked out on managements time. There isn't anything I can do about it anyway. I guess after having been reading these boards and dealing with so many people for so long I've acquired a tremendous amount of patience.
Take care.
wmo...
I appreciate your sentiments, but I don't understand why anyone would have "huge money in this" when "the only thing (they) see is more BS." It just doesn't make sense to me why those two things would coincide, but then I am a fairly simple individual.
As for the "real question", well that is up to the individual. I'm willing to wait as long as it takes, but then my investment, although fairly significant to me, is not anywhere near what I would call "huge money".
Take care.
So how many times do you run through the cycle of building your expectations and then being let down before you get the lesson and stop expecting them? Anyone with business experience in contract negotiations understands that it is a difficult, time consuming process whereby estimated outcomes just don't hold any weight.
If you are interested in keeping your sanity then I recommend that you keep your eye on the big picture and understand that there is a VERY difficult and time consuming process going on... one involving potentially BILLIONS of dollars, every penny hinging on words that have to be perfectly and clearly presented. Now factor in that you have at least 3 languages that this needs to be done in and you have yourself a recipe for a very long, arduous period of waiting. Some have the ability to envision this and therefore understand and find the patience, and some choose to waste their time at futile venting on internet message boards, wailing and blaming everything they can for their own lack of ability to view this process logically.
Here's all you really need to do to find the patience with this process: Ask yourself if you've done enough DD to KNOW that these deals are occurring, or is this all just a big pink sheet scam? When you feel confident that you have that answer then you will know the appropriate actions to take for yourself.
In case you can't figure it out the choices are: A) Sell, either because your DD proves to you that something here smells or because you have not yet done the DD required to be a responsible, comfortable investor or B) patiently await the pending windfall and in the meantime pat yourself on the back often for having the awareness, good fortune and smarts to have gotten yourself into this investment well before the scrambling masses.
I choose "B".
Take care.
dwb...Nice post, thank you. Smart man too! Take care.
I wholeheartedly agree and am very pleased to be reading this from you!!!
Thanks Brent. Nice to see you!
Take care.
Rich
slice: I actually don't know. My friend set everything up for me so I don't know the first thing about how to create the type of forum I had. I know you can go to yahoo and start up a forum, as well as other sites, but the problem with those is that you have varying levels of control.
Rich
Thanks slice,
...but no thanks. I don't have the personality or the desire to do that again. Unlike a lot of people who have unpleasant experiences they choose to repeat, I tend to get the message pretty quickly and move on so as to not repeat the same pain again. 98% of the members of that forum were GREAT, but that other 2% really made it a miserable experience for me that I am unwilling to risk repeating.
Take care.
Thanks slice8...
As for forums, as you know I've been there, done that. The best, most convenient forum there is is a phone, something that anyone with an agenda is certainly not going to take part in. Much more effective than an iggy button.
Take care.
Rich
Well, that's enough time wasted here today. Although it did help to reinforce a little more how ignorance is most definitely not bliss.
Have fun kiddies.
Velvet isn't responsible for sharing any of his DD here. I certainly hope he doesn't share it with you. So far you fall under my "stupid" category, although definitely on the "agenda" suspicion list with only 3 posts all with the same tone.
Personally, I have hoped for some time that Velvet would completely abandon this board because any intelligent person has already realized that he's probably the best and easiest way to get info on Strat.
Smart, successful people look for easy ways to get what they want by seeing opportunities and building relationships with those who have the knowledge that they want to have, not by attacking them.
So easy and yet seemingly so difficult for so many to understand!
Velvet: See my last post. em
Velvet,
Why waste your time and efforts on someone who so clearly isn't interested in being logical and is more and more appearing to have some sort of agenda?
There is only one reason for HONEST people to use investment message boards and that is for exchanging information in order to find ANSWERS to questions. Those that do nothing but continually raise questions without doing anything to find answers are either lazy, stupid or have ulterior motives.
The nice thing for me is that I don't have to figure out which of these a poster is because they're all equally useless and not worthy of the attention of anyone who doesn't need any more BS in their lives than they already have.
Have a nice day!
Rich
I wasn't at all worried Aggie. Take care.
Profitchaser: I saw your PM to me. I don't have the ability to respond with a PM, so I'll say thank you here.
Take care.
Rich
If you saw my post as a bash then that's all I need to know.
Take care.
Aggie... The real reality of the situation is that you don't know what Sam is doing and so you think the worst. This is understandable and many people do it, but the reality is also that you are letting yourself down by doing such. I've asked this many, many times before and never gotten an answer but I'll ask it again...
Why, oh why, would anyone invest one dollar into a pinky stock unless they felt VERY strongly about the potential for success of the company and that the CEO and other management was worth the investment?
There are many ways of DD. I did mine and my money is very long & very strong here, so I must have done something right. To others who own stock and don't feel likewise, perhaps you need to do something about that. Only you know that answer.
Take care.
Rich
Mutual funds are a riot! em
rickj....
It's such a shame that the logic and intelligence you share here is wasted on so many who just don't have what it takes to even begin to comprehend it.
Rich
2007-05-20 2:50:00 PM
Thought this was interesting/relative:
http://www.bloomberg.com/apps/news?pid=20601087&sid=ar3AV9dAWPoc&refer=home
Nice David. em
If one doesn't feel trust for the people that they are invested in then they certainly shouldn't be invested in them.
imo
Good riddance. em
I heard the number $19.95. They're working out a deal with Ronco... half cash/half Chia Pets.
wmo...perhaps you should go back and see who my post was in response to and then unbundle your panties...unless, of course, you post on Ihub with more than one alias!?
I have a difficult time believing that any shareholder would think for a moment that management wouldn't be feeling AT LEAST as stressed out over all of this as any shareholder would be. What do you think they are doing over there... boozing it up and having slumber parties???
I know what one of those investors is saying...
I wish I had the cash to buy at least a million more shares!
Rich
Just my opinion but can't you guys just share info about SPRL and leave the pissing contest at the door? Getting a bit too off topic in here.
Rich
Greenbullz: Excellent post with which I share similar feelings!
Why continue to respond to someone who does not share the same views, bashes the company and its CEO and is obviously emotionally attached to an opinion that is unfounded by any direct communication with anyone who has any facts regarding his complaints???
Perhaps people closer to the deal CAN'T buy any more for risk of insider trading?
Man you are really boring!
Nice post velvet, but I wouldn't delete any of this guys posts. I would save them in case he is found to be involved in any sort of underhanded or even illegal activity.
JMO
Rich
Sounds pretty weak to me. Someone you claim to know in the business won't go into details about why he won't do business with Strat sounds peculiar to me, to say the least. Why the need for secrecy? Smells fishy...imo.
Hi Kcim. Thanks, but I'm still in Hawaii til Thurs. Yeah, I know... life is rough!
Take care.
Rich