is...Gone. Didn't like the new changes.
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You're exactly right, I hadn't even noticed that. I'm sure they've sold by now and moved on. If not, we'll be right back were we started from before they showed up. I can't really say I'll be upset because I was very happy accumulating at .0002/3 before all the drama started. Speaking of drama, I see the RCCH board is where it all moved to.
I guess you're right, would just be nice to not have the drama queens around, that's all. Have a good night, bud.
Like I said in my PM's to you, I was much happier before all the drama came to the board and we went from 2 or 3 posts a day to over 400. I know you think there's some positives to it, let's just hope the positives outway the negatives.
I didn't know about and, based on the huge dive this is taking today, neither did a lot of others. True or not, this raises lots of red flags and calls into question the legitimacy of this company.
Anyone who read the last couple pr's would've seen this, which I would assume is part of DD "101". If people are to lazy to go back and read a pr from 2 months ago, they should probably find another way to make money. I also don't understand all the jumping up and down over something that the company clearly stated in a pr. You guys act like the ABC is the only one who mentioned it........one would swear you guys found the body of Jimmy Hoffa or something.
You're welcome.
Yeah, it's what the company was referring to when they released the following PR.
UPDATED: Heritage Capital Credit Corporation in Discussions with 5 of 26 Business Clients
Wilmington, DE - (WORLD STOCK WIRE) - July 30, 2007 -- Heritage Capital Credit Corporation (OTC: HCPC) announced that it is engaged in discussions to refund loan application fees paid by 5 of their 26 Business Clients, in 2004 and 2005, totaling $93,386. The 5 Business Clients have expressed dissatisfaction over the length of time that the Company has taken to consummate their respective financings.
Chairman and CEO, Gwendolyn Johnson stated: “We value our business customers and appreciate their patience over the past three years. Yet, we respect their needs to seek other sources for their business plans for funding in this current credit climate.”
Although the credit markets are getting tighter, the Company believes that by the end of the third quarter of 2007, it should be able to clarify the credit markets’ understanding of risk related to the BCLOC Promissory Notes, which are secured by direct pay insurance contracts.
Right now you have a diluter and a falling share price with no real buying on the ask.
And all the bitching and whining in the world won't change that, will it?
Ahhh, nothing like a good old fashioned "run on the bank". J.P. Morgan would be proud, he organized a few of those against his competitors in his day.
CBI is a little pricey right now but I wouldn't hesitate to buy it on a pull back.
Who in their right mind would claim to have $18,000,000 in the bank when they didn't??? Answer: same person.
Who in there right mind would go against the "Department of Homeland Security", devise a lie such as this doing this all on there own mind you and thinking they could get away with it? unless they were actually duped into believing it truly was a real third party with a real contract through the "Department of Homeland Security" from a third party!
Thanks, Neil. As always I enjoy reading your commentary. I'm with you in thinking that they're not going to r/s this into oblivion. Insiders and family members hold to many shares for that.
Neil,
I'm a little slow today, could you explain in more detail what you meant in the statement below, thanks.
......they may also take other action to revise the share structure post loan deals, to bring it in line with the next stage of their development.
We can only hope that when they came up with the new and rather large A/S amount, they did so assuming that the share price would get this low. I was a little taken back when I seen how much they had raised the A/S, but now I think they may have gone to that extreme to avoid running out of shares and having to do a r/s. You can buy a lot of shares back with a couple $million, especially if you can get an MM to work with you.
Not sure why they would want to "attempt to hide dilutive activity", since the CEO pretty much stated in the shareholder letter that they'd be dituting. She also stated they'd be buying back shares when they received the money from the loans. Will they, who knows? I guess it's better than toxic financing.
I can assure you, little old nobody me had nothing to do with that drop.
Always cracks me up when I see the total revenue for an industry thrown out there, like the POS company in question is going to take a large chunk of it or something. Put big numbers in a release, and they will come! Ummm...well....unless you're MCCY, of course.
You might want to let England, Germany, Australia, etc., know that the housing market is just a "U.S. problem". Some of their major banks are getting rocked for no reason, if it's just a U.S. problem. Maybe you missed the statistic that stated 12% of all subprime loans were made by financial institutions in London?
Wonder how long it will take for the civil case involving the Superbowl program ads to show up?
Fish,
I'm here for moral support.
It is rather unusual for a pink. I'm guessing it was a good faith effort to show shareholders that they're going to start communicating with them on a more personal level. I hope.
I received it as well. It's the same shareholder update/questions & answers that were posted on pinksheets. I was actually pleasantly surprised they mailed it out.
bid - 0007
ask - 0009
Cat,
Look at post #74127, it's taken from the IRS regs.
Wow, I missed those AH trades yesterday, explains why the 6's disappeared so quickly today. Insiders perhaps? Can't see a retail buyer dropping $10,000, but who knows.
Neil,
I know this point was a great relief to me and removed quite a bit of anxiety I had in regards to the company moving forward in this environment. I doubt any of us thought that the latest subprime mess could actually help the company in any way. As always, thanks for your commentary and DD.
Very encouraging is right. Certainly moves me into a whole new comfort zone. The lady sounds like she knows exactly what she's doing, so I'll give her the time to do it.
I must admit, it's a comfortable feeling. LOL
But what a great entry point the bastages gave me @ .91 :o)
His most recent posts were entertaining to say the least. Not exactly the way I'd try to hold on to investors, but hey what do I know.
Hey Serf,
Ever see a signoff like this from a CEO?
Best of Luck
Don't let the door hit you in the ass.
Peter Fiorillo
Neil,
I don't post here often even though I do hold shares, but I wanted to let you know that I really appreciate all the DD you bring to this board. Thank you for your time and effort.
It's straight out of that USXP article you just posted.
Serf, does this qualify for the "stupid quote of the day" prize?
"We are building something and are proud of our losses"
thanks a lot
Pretty good move today with very good volume. Apparently some don't care about the increase in A/S. My thought is they increased it enough that no matter what the pps, they can raise the money they need to fund their loans. You can buy back a lot of shares with $35 million.
I read it, dalcindo. Thanks for your contribution. You still alright with that price target on your chart?
My bad, thought they were restricted.
I'm in total agreement with you. FWIW
By not filing.
Neil,
Have you brought your Mazuma thoughts to the attention of the company? If so, did you get any response? TIA