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NEWS OUT; Business Editors
ATLANTA--(BUSINESS WIRE)--May 17, 2006--
Silver Screen Studios, Inc. (OTCBB:SSSU),
www.silverscreenstudiogroup.com, is updating its restructuring
progress with details on its mergers and acquisition initiatives.
Merger and Acquisition Initiatives:
We are implementing our mergers and acquisition initiatives to
increase shareholder value by the formation of an investment
subsidiary, Global 1 Investment Corporation, which will be used to
fund and spin off companies that are seeking to gain a publicly
traded profile with a distribution of a portion of the retained
equity as a dividend to our shareholder base. Global 1 will be
capitalized via a stock swap equity infusion of capital, the details
which are currently being finalized. Once capitalized and operational,
a dividend will be declared and a pink sheet listing will be sought.
Entertainment Business Unit:
We have reached a tentative agreement with a joint venture partner
in the entertainment industry that we will finance and produce several
projects with. A joint venture agreement and letter of intent is being
negotiated and should be reached shortly.
NEWS OUT,"LOI" to purchase a resort development in Costa Rica. According to the PR they gotta build it first. GEEEZ
Commonwealth American Financial Group/James Monroe Capital Purchasing Resort Development
E-mail | Print | | Disable live quotes Last Update: 8:30 AM ET May 16, 2006
CHICAGO, May 16, 2006 (BUSINESS WIRE) -- Commonwealth American Financial Group, Inc./James Monroe Capital (Pink Sheets:CWFG) today announced that the company intends to purchase a resort development project.
Dr. Julio Jane, partner/developer, inspected the property, negotiated with the seller, and signed a letter of intent on a deal that will buy a $5.5mm (appraised) 31 acre beachfront property in Punta Uva, Costa Rica, for $1.5 mm. Bradford Funding will finance 98% of the initial loan disbursement of $3mm needed to close and begin construction.
James Monroe Capital will own approximately 43% of the corporation which already owns the land. The entire project is estimated to be valued at $20mm when completed 2 years from now. The closing is scheduled to happen in 90 days to allow time for due diligence.
Dr. Jane, who also has an MBA, will be overseeing the $10mm development project, along with Carr Pechtel, Sr., a Costa Rican land baron with an MBA from Harvard.
Dr. Jane said, "This is the most beautiful beach on the Caribbean coast of Costa Rica. The rainforest is lush and cool. We saw monkeys there, a coral reef, and all kinds of wildlife. It even adjoins a national reserve which can never be developed. Our resort will give people the opportunity to experience nature without hurting it."
Photographs taken of the property will be posted on the company website, at www.jamesmonroecapital.com within the week. Please note corrected phone number below.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: Commonwealth American Financial Group
Commonwealth American Financial Group Chris McGovern, 847-418-3848 Copyright Business Wire 2006
chartinator, do it again please, didn't post.
art he dissapeared this morning, I couldn't find him anywhere in my level 2's
our dark cloud CLYP is back .0039 again.
Update; CLYP has left the building, hes not even on the bid,lol..
To raise money, how about from the proceeds from the previous movie(s). were they not profitable enough to fund the next? (all that I can) is rated @ 4 stars they had to make some money off of that. no?
Thanks junkmasterg.eom
Any idea when the PR for the movie say it in russian will come out as completed? would that have any effect on the PPS? I think perhaps a small effect.
rebelgirl, neither one @ this time eom.
Irish,I see that CLYP is still on the ask starting @.0009 #4 inline, of course this can change in an instant.
I have not really ever seen him before & I don't see him on any other stocks I am watching, WNMI,AAGM,PHOX,PLNI. who are non diluters rite now, & the diluters I think are DDSI,QBID, GZFX,BKMP, I don't see him on either.
Is he that new just trying to break into the business & all he has going on is diluted shares? So in a sense when he is done he (should,might) just disappear all together? Could you assume this to be correct? just curious.
irish you still selling at the end of the week?
Irishbull, you wrote;
I got some cheap shares but will bail if I don't see some improvement this week.
You might want to think about next week as Thursdays & fridays are usually down days for the pennies, Daytraders bailing out IMO. GLTY.
cableguy.
rebelgirl,.0007x5 .0008x3 CLYP just moved from 3rd to 2nd in line. they just changed it on me when I clicked submit post, my computer is running slow again today *&%#^ it ,LOL.
now its .0007x2 & .0008x4 @ 3:29 pm
masterfridge, I see a 500,000 order went through at 13:13:23 for .0008 but no color indicator then @ 13:17:47 I see a 3,222,222, for .0007 with a red arrow, my arrows seem to only change direction when there is an opposite order went through, buy,sell,buy,sell
CLYP has been on the ask again since 14:10:54 bastage moves when he feels like it,LOL...
I see since then orders all must be sells as the red arrow started @ 13:53:38 sell order
14:59:38 600,000
14:58:12 393,166
14:43:58 777,143
14:43:58 222,857
14:17:25 400,000
13:53:49 2,500,000
13:53:38 2,500,000
thanks masterfridge,eom
art2gecko, I see that very good then, we may be going up.
I just looked @ the charts the williams is trending up not saying a whole lot but its up.
masterfridge, how can you tell the T&S? Do you count all trades with a calculator? I have level 2's also but if a green arrow dosen't show up as a buy I can only assume that from 11:59:55 all trades have been sells thats where I have a red arrow pointing down, but the bid is at .0007 do you have another indicator that I don't have?? I use microcaptrade, I see that CLYP is on the ask @.0008 do you think he is still diluting? Who do you have for level 2's? TIA.
Art2gecko he's ready for tomorrow this should be interesting.
I think thats why the reverse split is so damn high, they want the O/S to be low enough to be able to dilute again. Bastages. >>>KEEL HULL<<<>>>KEEL HULL<<<>>>KEEL HULL<<< the whole damn lot of them.
Hey Skunks you in this one to,lol geeez their killing us. See ya.
havenots,Good move, you've got mail. eom
Actually Skunks you got mail 4got I had that ,LOL... hope to see you there. :)
Hi Skunks how are you I will Private message you today also about charts if you are interested.
thehavenots I will private message you today @ 4:00 eastern time about charts will you be available?
ok thanks man, eom
DK, I still got that noose. lol,,eom
goldengoose, do they show time & sales I have microcaotrade they even have a red arrow for sells & a green arrow for buys? Although they are expensive I think its worth it $119.95 month, also there news releases are exceptional they show all news releases @ your price & volume levels, not just what you pick & choose, how much is your service?
we do not show after hours trades though.
bonedaddy77, a lot of traders go by just volume. I like to go by trades & volume. I think thats more important as we have had 301 trades today so far today leads me to believe that this puppy is on the minds of traders everywhere. we will reach the .002's just when is the question & if we get good news trades will be well into the thousands very good sign. GLTA.
I have thought about Alphatrade but there news system is only based on the symbols you enter into it, however Microcaptrade's news system lets you see all news articles in the pennies at your price discretion, they don't have real time charts yet but they have told me its coming.
May just happen Mango12 lets keep our fingers crossed hope he can do it he is our only last chance here, it takes time to pull strings especially when the chips are down. I will give him as long as it takes the gay games are in July we have untill then at least.
Thanks I know I have Etrade, however you have to have pro etrade don't you? I am not at that trading level anymore had it once. Still trying but no cigar yet,,,LOL,,,
Mango12, I disagree true Fan is going to have to pull a lot of strings, but to be a pessimist about it, is a looser mentality (not bashing you) true we have all lost a lot of loot and to think the fat lady has sang is a normal reaction but we have to be optimist here, I think the longer it takes for Fan to put out news the better, it shows at least he is really trying this thing has been under water for a long time, just the fact that he took it under his wing shows he thinks it has potential.
Remember Frank said he would not do a R/S, if Fan was Frank I believe the R/S would have already been announced, not to say that it won't happen, but I believe he is doing his best.GLTA, even you Willie.
Thanks charlatan will do,GLTA.
thehavenots, sorry for me to just tell you, you wouldn't understand. Look at the charts your self & tell me what you see?
GLTY.
http://stockcharts.com/h-sc/ui
moneyman, thats exactly why the PPS hasen't gone up on the letter of intent, Bonar has a reputation of (shall we say non truths), traders are waiting on the filings. Anyother company with a somewhat honest CEO the PPS would have doubled if not tripled on that PR.
buyondips, I say the charts say we come down tomorrow without news. And no I'm not ready to buy back in yet. What say you?
buyondips,thats NUTS.this is manipulation pure & simple for the newbies I'm a firm believer in the charts YES even for pennies.
morning money who do you use for level 2's I have microcaptrade & mine looks just like bob41's list to a "T" GLTY.