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It seems that every time that good news is released, the next day we see major selling into dilution. I really hope that this is over. I would hate to see another high volume day with no real price movement.
GL
This is great news. But if the dilution continues, we will see a repeat of today. High volume with no pps movement. I truly hope the dilution is over.
GL
Looks like ANPZ is taking a 50% stake in Wing Nutz. Wing Nutz is a small chain out of Utah. They have about 15 locations. I am not sure how much revenue the generate. This is very interesting indeed.
We are at .005
After the 100 - 1 forward split, we will be at .00005
Is this even possible?
Wow, a whole $2.00 in volume. I'm still waiting to see how a 100-1 forward split will improve shareholder value. Management has not explained the reason for this split.
Makes no sense.
How do you know that this is the bottom? People thought that .20 was the bottom, then .10, now .05. Maybe .02 will be the bottom. Buying this stock is like trying to catch a falling knife.
The last quarterly statement said that if the do any acquisitions, it will dilute the shares. (See below)
they will need to make acquisitions in order to create revenue.
There is definitely potential here.
I will wait till dilution is over and the shares start to stabilize.
Gl
In particular there is no assurance that any such film assets will be acquired or that any stockholder will realize any return on its shares after such a transaction. Any acquisitions completed by the registrant can be expected to have a significant dilutive effect on the percentage of shares held by our current stockholders.
I think we just saw it today. A $2,000.00 blip before heading to rock bottom. I don't think we will see the share price at this level again.
For the life of me, I can not understand what management is thinking. 100 - 1 forward split? There will be 1.6 billion shares outstanding. Apple only has half the outstanding shares and has billions in revenue. SRYP has hardly any revenue.
With 1.6 billion shares SRYP will never go above a penny per share. Next stop .00005. How low can you go?
SRYP should have stated a reason for the split in their PR.
This does not make any sense.
News is out.
FORT WORTH, TX--(Marketwired - Nov 19, 2013) - Surety Capital Corp. (OTC Pink: SRYP) announces its third quarter ended September 30, 2013 financial results. Surety's Chairman of the Board and CEO Ralph Mendoza stated, "Surety's net income for the quarter was $6,430 a 41% decrease over the same quarter ended September 30, 2012. Surety's gross volume for the nine months is slightly ahead of 2012." Mendoza further stated, "The reason for the decrease in net income is due to hiring salesmen who have yet to reach their potential. We are also pursuing the cemetery and non-Hispanic funeral homes. This is our investment in growing the company and we should realize results within six months. This is the eleventh quarter in a row that Surety has had a net income from its ordinary business operations."
Surety finalized the acquisition of Herrera Financial Company's customer list, web-site, systems and name as of December 31, 2010. Herrera Financial is a leading funeral insurance assignment company operating throughout the United States. Veronica Herrera, the Fort Worth 2012 Hispanic Entrepreneur of the year, established Herrera Financial in 2007 to provide insurance assignment financing primarily for Hispanic funeral homes.
CEO, Chairman Mendoza stated, "The Board of Directors at its meeting voted subject to shareholders' approval that Surety change domiciles to the State of Texas from Delaware and split its stock 100 to 1." There will be a shareholders' meeting but the Board of Directors directly and/or indirectly control more than 50% of the shareholders' votes. Surety Capital Corporation only has 16,520,973 shares outstanding out of an authorized 20,000,000 shares. After the split there will be 1,652,097,300 shares outstanding and 2,000,000,000 shares authorized.
For more details concerning our financial statements, reports and the "Financing Friends Reward Program," please contact either Ralph Mendoza or Dick Abrams at 817.850.9800 or dick@sryp.net.
Market Statement: Some limited information about Surety is contained on the OTC Markets OTCPink website; however the Company does not file reports with the Securities and Exchange Commission or otherwise make current financial or other information publicly available. With a lack of current public information available, anyone considering purchasing or selling the Company shares should carefully consider the risks involved with the lack of having such information.
Forward-Looking Statement
This release contains forward-looking statements that reflect Surety's plans and expectations. In this press release and related comments by Company management, words like "hope," "profit," "leading," "opportunity," "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.
Wow, six month with no updates. this company is so secretive. They don't even keep their shareholders informed of their progress. Or maybe their is no progress.
Could be a good time to find a new business model if nothing is happening.
Now they took down the Nocatee Face book page.
Here is an update from the Nocatee store from their facebook page.
What do you make of this?
What are the chances of reopening?
How will this impact revenue for ANPZ going forward?
Big Mystery.
Hi all, a few updates. We did not know we were closing for sure until about noon on Friday. We paid $17,000+ in sales tax the prior week. When we did find out for sure, we requested to stay open for the weekend so that we would have enough money to run payroll. Things have been very tight, but with some organizational changes and other strategies recently implemented, we were feeling very optimistic. I worked for 6 weeks to find an investor or a loan and was successful a few days prior day to closing. As far as communication goes, I have been responding to personal emails and private emails on this site. For those that have tried to reach us by phone, keep trying. I cant say anymore due to pending litigation. We would love to come back!
Here is an update from the Nocatee store from their facebook page.
What do you make of this?
What are the chances of reopening?
How will this impact revenue for ANPZ going forward?
Big Mystery.
Hi all, a few updates. We did not know we were closing for sure until about noon on Friday. We paid $17,000+ in sales tax the prior week. When we did find out for sure, we requested to stay open for the weekend so that we would have enough money to run payroll. Things have been very tight, but with some organizational changes and other strategies recently implemented, we were feeling very optimistic. I worked for 6 weeks to find an investor or a loan and was successful a few days prior day to closing. As far as communication goes, I have been responding to personal emails and private emails on this site. For those that have tried to reach us by phone, keep trying. I cant say anymore due to pending litigation. We would love to come back!
It is very concerning that a flagship location has abruptly closed without any warning. Is this the only location that has closed? Both customers and investors are losing confidence because ANPZ is not responding with information.
GL
Q2 should be out soon. It seems that the profit margins for their business model are very slim. they need to find a way to expand this business or find something new.
GL
I also use the paper in my office. It is going to take three things to get this train moving. Revenue, Revenue, Revenue.
Hopefully We'll see an announcement soon. Otherwise, I expect more of the same.
GL
Hi, Does anyone have any thoughts on the 8K that came out today?
tia
New quarterly update should be out soon?
this bank is still bleeding $$. Once they get it under control, this thing should fly. Very low amount of shares outstanding.
GL
I liked things better when we had low volume and were in the high two's. If they come out with another positive PR, we may be in the one's. These peanut thinkers are very frustrating. I will continue to hold long and strong.
GL
It's getting back down to my buy-in range. I am currently holding 50,000 shares at .12. I had a feeling it would drop again before this rocket ship takes off. I will be buying more anywhere under .12.
GL
I think Broke-noob is right. We'll see .12-.13 before this takes off. I will still continue to buy on the dips. This one has a lot of potential.
Gl.
News Is finally out!!!
Keep it coming.
FORT WORTH, Texas, May 8, 2013 /PRNewswire/ -- Surety Capital Corp. (SRYP.PK) announces its first quarter ended March 31, 2013 financial results. Surety's Chairman of the Board and CEO Ralph Mendoza stated, "Surety's net income for the quarter was $12,005 ($0.001 per share) a 19.6% increase over the same quarter ended March 31, 2012. This is the ninth quarter in a row that Surety has had a net income from its ordinary business operations and had an increase in its quarterly net income. Our acquisition of Herrera Financial Company has proven to be very successful."
Surety finalized the acquisition of Herrera Financial Company's customer list, web-site, systems and name as of December 31, 2010. Herrera Financial is a leading funeral insurance assignment company operating throughout the United States. Veronica Herrera, the Fort Worth 2012 Hispanic Entrepreneur of the year, established Herrera Financial in 2007 to provide insurance assignment financing primarily for Hispanic funeral homes.
CEO, Chairman Mendoza stated, "Surety has heavily advertised its services to the Latino funeral homes and cemeteries during the quarter and has hired a full time sales person to increase its business." Mendoza further stated that, "Surety is looking into a possible acquisition in the near future."
Surety Capital Corporation only has 16,320,973 shares outstanding.
this must be wallstreets best kept secret. A profitable company that does not tell anyone.
It looks like the spread is tightening. This is a good sign.
Was .31 - .60 now at .40 - .50
My only concern is possible dilution as stated in the latest filing.
Our current cash resources will not be sufficient to sustain our operations for the next 12 months. We will need to obtain additional cash resources within the next 12 months to enable us to pay our ongoing costs and expenses as they are incurred and finance the growth of our business. We intend to obtain these funds through internally generated cash flows from operating activities, proceeds from the issuance of equity securities and proceeds from the exercise of outstanding warrants. The issuance of additional equity would result in dilution to our existing shareholders. We have not made arrangements to obtain additional financing and we can provide no assurance that additional financing will be available in an amount or on terms acceptable to us, if at all. If we are unable to obtain additional funds when they are needed or if such funds cannot be obtained on terms favorable to us, we may be unable to execute upon our business plan or pay our costs and expenses as they are incurred, which could have a material, adverse effect on our business, financial condition and results of operations, our ability to execute our business plan, and in the extreme case, discontinue operations
I got the Sugar Paper that I ordered from Ecopaper on Amazon. Looks great. Now all we need is a positive earnings announcement to get the share price moving.
GL
WOW, a whole 100 shares traded today. Does anyone know if this company is still in business? There has been no news for almost a year now.
Thank you OBA, I did not see it when I searched for it. I have placed my order. Gotta support our company.:)
I checked out Ecopaper on Amazon. I see all the products except for the sugar paper. I will buy some when it is added.
Still waiting for earnings. This will be the news that will truly move the share price.
Is that an increase in shares?
Todays drop in price validates the need for this company to keep the public more infomed of its progress. As long as SRYP remains quiet; I would expect the price to continue to fall.
GL.
As a non-shareholder and potential investor; this does not help me or other potential investors at all.
The government at any time could auction off their share of PCBS to a private investor. This could greatly dilute the share structure. It was most recently done with other banks in the same region. See link below.
Also PCBS is supposed to be paying a dividend to the Government on the TARP money. They have not been paying this dividend. I will put this one on my watch list. Volume has increased over the past week or two. Maybe there is something here.
GL.
http://www.bizjournals.com/charlotte/blog/bank_notes/2012/11/treasury-takes-a-loss-on-bailouts-of.html?ana=yfcpc
Well the stop sign is back at OTC Markets. Silence is never good. We are way overdue for an update from the company.
I agree, any positive news should help the share price at this point. I have been holding SGDH for almost two years. I am a long term investor and see a lot of potential here.
SGDH and SRYP are my two biggest holdings. Both are legit businesses with a very low float and trade in the same price range.
Good luck to all.
West Side Bank is not part of SRYP.
They were a FORMER subsidiary of SRYP, but were sold to First Graham in 2008.
This is a shell company that is looking for a new start with Herrara.
GL
Is this an SGDH product?
http://shop.truegreenonline.com/Treeless-100-Recycled-Copy-Paper-1-Ream-2454.htm
Sounds good, I will see if I can get the company that I work for to buy reams of SGDH Paper.
GLTA
This stock looks good. Has anyone actually purchased some paper from them? If so, how is it?
tia