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Spoon feeding for what purpose? At .02? What is to gain?
It was a good PR. Trasparency in giving Gottbetters name and KORE's number and telling anyone with concerns to "call". Nothing to hide. They obviously feel confident with where they are heading and with their progress. Yahoo!
From RB. I think this tells it as it is, or was...
http://ragingbull.lycos.com/mboard/boards.cgi?board=LFWK&read=25986
A lot has been said about the MMs' devious practices. I won't try to go into all that; you can get it elsewhere. But the fact that two of them got together and traded shares at .015 back and forth to create the appearance of a weak market demonstrates that they are willing and able to create their own charts, up to a point. Somebody wanted to make the stock look weaker than it was, in order to get the price down, to induce weak longs to sell--to THEM. To me, this is an indication that they want to buy. It's actually a good sign, as long as longs don't get sucked in and sell their shares cheap to those who want to create panic selling. As for the wide spread, that is the difference between what the MMs want you to think you can sell your shares for and what they are actually worth at the moment. The way things are going, the ask is the only true reflection of the market. Nobody's selling under two cents, and for good reason. We're worth much more than that. -eelfland
Listen up! File here for complaints.
If you think or know that MMs are sticking it to us, then contact the SEC at the link below and fill out the form. Orders not getting filled? Fill out the form. They have a form for that. Am I all wet here? Does this apply to Pinks? Should we do this? You all prolly know more than I do.
http://www.sec.gov/complaint.shtml
SEC Center for Complaints and Enforcement Tips
Through this page you can file a complaint or provide us with tips on potential securities law violations. We welcome hearing from you because your information may alert us to a bad broker or firm, an unfair practice in the securities industry that needs to be changed, or the latest fraud.
How Do I Reach the SEC?
There are several ways to file a complaint:
Complaints - Use one of our online forms to file your complaint electronically.
Tips - Report a potential violation of the securities laws directly to enforcement@sec.gov. Please do not use this email box for general comments or questions.
Spams - Forward investment-related spam e-mails to enforcement@sec.gov.
Questions - Use our "Fast Answers" web page for general questions about the federal securities laws or your investments.
If you do not want to communicate electronically, either print and fill out a form or write us a letter. Our address is: SEC Complaint Center, 100 F Street NE, Washington, D.C. 20549-0213. You can also send a fax to 202-772-9295.
Whistleblower Protection: If you work for a publicly traded company and have been fired, demoted, suspended, threatened, harassed, or discriminated against for reporting a potential shareholder fraud to a supervisor, federal regulator, or member of Congress, then please contact your local OSHA office right away. OSHA is the federal agency that investigates and handles these sorts of "whistleblower" complaints.
What Information Should I Provide?
We can best respond to you if we receive accurate and complete information. Though you are not required to furnish any more information than you wish, critical information for us to completely evaluate your complaint or tip includes:
Your name, mail and email addresses, and telephone numbers.
The name, mail and email addresses, telephone numbers, and website address of any individual or company you mention in the complaint.
If you have a complaint about a security or a securities salesperson, specific details of how, why, and when you were defrauded or encountered problems with investments or your broker or adviser.
What Happens After I Send Information to the SEC?
We thoroughly review and evaluate your information so that we may refer it to the appropriate SEC office. The Office of Investor Education and Assistance will handle certain general questions about the securities laws and complaints relating to financial professionals or a complainant's personal financial matters. The professionals in this office can counsel you regarding possible remedies and may, under appropriate circumstances, approach brokerage firms, advisers or other financial professional concerning matters you have raised.
Attorneys in the Division of Enforcement evaluate information and tips concerning violations of the federal securities laws. It is the general policy of the SEC to conduct its investigations on a confidential basis to preserve the integrity of its investigative process as well as to protect persons against whom unfounded charges may be made or where the SEC determines that enforcement action is not necessary or appropriate.
Subject to the provisions of the Freedom of Information Act, the SEC cannot disclose the existence or non-existence of an investigation and any information gathered unless made a matter of public record in proceedings brought before the SEC or in the courts. You can find information about public enforcement actions on our Web site.
So why you hanging around this board Mick? I hope you find a stock you like better. Buh bye.
I called him last week and he returned my call the next day. Seemed like an intelligent guy, friendly, and forthcoming as much as he could be. Speaking to him helped aleviate my anxiety.
No one is selling. Good sign. The tree has been shaken.
Thanks dshade. Kore deserves to hear from us after that last PR. Thanks for being on it.
Hey dayla. Good to see you and so many others hanging long for LFWK. I just dropped some more funds into my account, so I will be buying more tomorrow. It was not much, but I am putting all I can into Lofty. I also put a sell order in for one other stock I own. I'll buy more LFWK with those funds, too. That is all I can do!! lol. I am holding about 2 million shares. I am not anticipating on selling a single share until we hit .30. This one tries the patience I know. But it's coming.
It's all about soul
It's all about faith and a deeper devotion
It's all about soul
'Cause under the love is a stronger emotion
She's got to be strong
'Cause so many things getting out of control
Should drive her away
So why does she stay?
It's all about soul
- Billy Joel
Hey, I heard it on the radio. Do you have soul, and faith? I do. And patience. ;o)
GLTA
banch, I did post on RB that news was coming. My post was before the release. That was all I could say, and really all I knew was that a PR was coming. Granted, it was not a powerhouse PR. Anyway, it does go to my credibility. Call Preston and ask if he spoke to a guy name Kevin in Phoenix. I don't make chit up. Anyway, for the sake of not compromising any future contact I might have with anyone up there, I will refrain from posting anything. Suggest you all do your own DD. I get more satisfaction that way, personally. Have a great weekend all.
I don't make things up. RB is a sewer. My point in saying this now is that YOU too can do your own DD. I suggest you do.
I spoke to Preston at Kore this morning. He was very affable, and gave me a few minutes. LFWK hired Kore in January. Kore will be coming out with a new web site in the future, not that it matters much (hate to say "near future", I know how we all are with dates). Anyway, he says all is on track. It just takes time. Suggest you all do your own DD. If you feel that uncomfortable, then sell and shut the F up. The rest of us will be here for the uplist. It's an easy 20 bagger if you have patience. If not, like I said, sell. Ta da! It's that easy. It really is.
Oh, and hugs and kisses Marion. Now go play in traffic.
O.k, buh bye.
HEEEEEEEEE HAAAAAAAAAAWWW could mean....
1. She's not pregnant!!
2. I got the last beer in the fridge!!
3. My rifle is as sexy as Shania Twain!!
4. Hillary Clinton is moving to Canada!!
or...
5. LFWK is gonna kick ass!!
Oh, and thanks for the GREEN!!
Great post USC. What you say makes perfect sense to me. I am enjoying the thought of them needing shares. But I have actually planned for one final purchase tomorrow. I have freed up a little bit of money, and will top off my accumulation with another 100K shares.
GLTA
I'm getting old Lofty, lets go!
GLTA
Nice USC Cowboy. I hope you get there. For me, I will quit my job, and begin a new career, after I sloth around for a year. Lol.
Thanks for shopping LFWK! lol
Got LFWK? Gotta pay to get some now.
I read that, too, but that was for the beginning of 2006. I think what they did was reassessed and raised the prices. Anyway, I called and it is active. Almost all are sold out.
Ambrose: For more information, call the CityLiving Team at 615-383-6964 or email CityLivingTeam@villagerealestate.com. For recorded information, call 1-800-679-4346 x 2013.
Of course its for real.
I know its just a random comment, but that is the thing. Why make such a statement?
http://www.villagerealestate.com/cms/page1126.cfm#ambrose
http://www.villagerealestate.com/cms/index.cfm?group_id=2128
http://www.villagerealestate.com/cms/page1128.cfm
I surely would not put my money into something that I did not believe in, or research. I think if anyone does, then he'd be a fool.
GLTA
And....Estimated value $50 million
From respected McGraw-Hill Construction......
http://southcentral.construction.com/news/tn/archive/2006/02.asp
Check out this web story, and then the web site below to Village Real Estate that I have added. Village Real Estate is the firm marketing the units for Loftwerks. This is real folks. And most of the Ambrose Lofts have sold!! And they have sold for higher prices than Dennis had quoted in this story. .02-.03? I think not! I maintain that this is seriously undervalued, IMO, given all of their recent projects in the news. 10-year veteran with a successful career. I have no doubts.
Detroiter has lofty goals for Ambrose
By Don Mooradian, dmooradian@nashvillecitypaper.com
April 29, 2005
Yet another older building in the middle of downtown Nashville is being turned into living space, this time by a man moving here from Detroit.
Dennis Ammerman and his company, LoftWerks Inc., which has converted at least half a dozen older buildings in the Motor City into living spaces, will spend about $1.5 million to do the same at Music City’s Ambrose Building, at 162 Fourth Ave. N. near Church Street.
The top two floors of the four-story structure will be converted into 20 for-sale condominiums ranging in size from 700 square feet to 1,400 square feet.
Initial sales pricing for the units is estimated at about $130,000 to $275,000.
Ammerman and Los Angeles business partner Charles Loveman will spearhead the project, teaming up with two unnamed Nashvillians who own the building as Ambrose Associates. The architect is Eric Powers of the Franklin-based Innovations Group.
Two restaurants, Subway and Chili Burrito, will remain on the first floor of the building, where a dentist office also is being constructed.
Ammerman said a 1,600-square-foot sales and marketing office for LoftWerks will also be on the first floor.
“It’s a great-looking old building,” he said of the structure.
A portion of the front of the building will be reworked toward a style more appropriate for the original design of the building, Ammerman said.
“Our reason for doing this kind of work is not only to make money; we love these kinds of old buildings,” he said.
Ammerman said Ambrose will offer “a mix of what lofts are all about.”
Some of those elements, he said, will include exposed brick walls and large, exposed wooden beams. In addition, there will be roof decks, balconies and an atrium in the back of the building. The basement will be used mainly for storage.
Nashville architect Rob Cochran, who has worked on a number of renovations and restorations of older buildings, will be consulting on the job.
Cochran said the building was constructed between 1890 and 1910. During the late 1920s and for a while after that, it housed a printing company. Most recently, it provided offices for an insurance company.
The challenge, Cochran said, is to take a building that is about 100 years old and turn it into something appealing for 21st-century usage.
“Assuming the historic integrity of the buildings are maintained, this is a great adaptive reuse,” he said. “It’s a great thing for Nashville.”
The builder is Shaub Construction Co. Inc., with Village Real Estate Services to handle marketing and sales.
Copywright 2000-2004, The City Paper LLC.
http://www.villagerealestate.com/cms/page1126.cfm#ambrose
The beginnings...
MULTIFAMILY NEWS
Urban Infill
Loftwerks Goes Public To Fuel Expansion
By Angela C. Allen, Associate Editor
SEPTEMBER 01, 2005 -- Nashville—An ambitious developer who jumpstarted his career by renovating historic buildings in Detroit has decided the time is right to take his urban-infill company public— betting that Wall Street investors will share his belief that the future is bright for owners of multifamily locations in downtown settings.
Dennis Ammerman, founder and CEO of 10-year old Loftwerks Inc., said he's offering stock in his company to public investors to raise capital and to "get a broader base for expanding the company."
"It gives us more options," said Ammerman of the IPO, completed in June. "We're excited to enter the public arena as a means to raise awareness about our projects and increase Loftwerks' capitalization options. The ever-increasing market for urban lofts is so compelling, we simply couldn't refuse the benefits of a public-market vehicle—and the sometimes trying process now appears to be worth the effort."
The company recently relocated from Detroit to the capital of country music where work is already underway on its next project: The Ambrose Building, a century-old landmark on Fourth Ave. in the heart of downtown Nashville.
The proceeds from the IPO will help fuel Loftwerks further expansion plans: Ammerman said the company plans to explore opportunities in other Southern markets, namely Chattanooga, Tenn.; Charlotte, N. C.; Lexington and Louisville, Ky.; and Birmingham, Ala. among others.
He added that the company has future plans to expand its brand into a line of furniture and is exploring an urban-lifestyle TV show.
Andrew DeVries, company director and chief consultant for the IPO, said the future for the newly public Loftwerks looks solid as the company's track record and a trend toward regentrification in urban areas will draw investors.
"There's a ground swell in the whole country for urban renewal," said DeVries.
"Our strategy is very sound," added Ammerman.
As of mid-August, Loftwerks (OTC: LFWK) was trading at 23 cents a share (with a 20-cent 52-week low and a 40-cent high). Trading in the stock was small, with an average daily volume of 17,100 shares trading hands.
Loft-y Strategy
So what is the company's recipe for urban-infill success?
During the last decade, Loftwerks has made a name for itself in Detroit, acquiring undervalued and aging buildings in distressed urban markets and transforming them into elegant, high-end residences with lasting value.
Ammerman said he looks for pre-War buildings that are "structurally sound with historic character" constructed in the early 1900s to 1940s.
"We like to go in and buy those buildings before everybody wakes up so we're ahead of the curve," he said. "We might buy it at $4 or $5 a square foot and later [after his development draws others into the neighborhood,] nearby properties might command $40 to $50 a square foot."
Ammerman said part of his winning formula includes leaving in rich architectural details such as the exposed brick, steel and masonry that distinguish historic structures.
Nifty Nashville Project
Loftwerks acquired The Ambrose Building in Nashville for just over $2 million dollars and is spending approximately $3 million to convert the building to luxury loft-style condos.
Ammerman and Loftwerks board member Charles Loveman, a former Los Angeles city planner, will spearhead the project along with Nashville-based building owners, Ambrose Associates.
Architect Eric Powers of Innovations Group and architect Rob Cochran will jointly work on the project. Cochran and Powers plan to try and retain as much of the buildings' turn-of-the-century flavor as possible while adding modern conveniences and renovations.
"The challenge is taking a building over 100 years old and turning it into something appealing and functional to the level of efficiency demanded by 21st century usage, while simultaneously preserving the historic integrity and cultural influences of the building's origin," noted Cochran.
Hee hee Jimmy. Good stuff. I don't know how anyone can feel any differently, when you have reputable company, upon reputable company, upon reputable company invloved in this. I pretty much bet the farm on this one. That is how much I believe that this is going to take off. A buddy at work told me about this when it was sub-penny, and I laughed it off. I didn't even care to look into it. Each week he would pop into my office and tell me about a new PR, and what Dennis had to say. FINALLY, I started reading up on the company. I was won over instantly! I did my DD, and I can say, I love this friggin company. And when Dennis brought in Sulja, and Consultech got involved, and Gotbetter, etc..etc.. I just kept buying more. There are no shortage of pinkies out there, with 4-5-6 billion shares O/S, and no earnings. Maybe others would feel comfortable with those numbers/odds. I for one like that the company holds the majority of the 500 million shares, and that this company is earning money, and each entity involved in this firm has been in business for years. I for one cannot imagine why anyone cannot see that this is at least a .30 stock. We'll get to .50 and even 1.00. I don't dare get locked out by flipping, so I am holding. I have flipped other stocks, and in the end, I always get screwed. I have picked many winners in the past...had I held them. So I am comfortable with my ability to spot the real deal, and IMO..this is it. GLTA!!
I use Scottrade, which it seems people like. I think they are pretty good. Good luck Spock!
I got filled for 100,000 shares @ .029 this morning
I smell deep-fried short cakes.
Fair enough. What they tell us is that Dennis is still part of the team, no matter. He brings skills in rehab and local knowledge to the table that Sulja values, while Sulja brings materials and Consultech brings finance that Dennnis values, etc..etc..It's a winning team that all seek to benefit from each others strengths, IMO. In the quote below, Dennis says "OUR new ventures" He is there, and in a big way. The merger allows Dennis to do what he does best, while he now has support for management and everything else. Anyway, we all know this, errrr, well...most of us do. Lol.
NASHVILLE, TN--(MARKET WIRE)--Apr 18, 2006 -- LoftWerks, Inc. (Other OTC:LFWK.PK - News) today announced that the planned resignation of CEO Dennis Ammerman had been accepted pursuant to its merger plans and reorganization concept. Mr. Ammerman will relinquish day-to-day control of operations immediately, and be succeeded by new CEO Steve Sulja. "I am happy to hand things off to such a capable leader," said Ammerman. "I believe that Steve will ably handle the post-merger challenges and opportunities that will arise for our new ventures," he said.
Ha! Ha! Marion, you are as transparent as single-ply toilet paper!
Right on h2omdO!! This is the truth.
Thanks KG4. I just came on to catch up and to try and learn something, and I couldn't figure out what several people were talking about. SSTY? Some other stock? 100 billion shares? Link, to link to link to try and figure it out. I am lost on this chat board. Did not want to spend 15 minutes trying to decipher what news is about SSTY and what is news about someone else's other interest. Anyway, a timely message. And fair to everyone. Thanks again.
Correct bourg. Reputable people. Good history of doing business all around. This also shows no dilution of the shares as others suggested. We are indeed looking good.
Everything is going to be done by the book. As they move to a higher exchange, it's do or die. They have too much invested in this, too. We ARE going to a higher, fully reporting exchange. Two weeks and counting. The auditing firm is in place and doing their thing. Major contracts announced and business by Dennis has been in play as usual. Sulja and Consultech are the icing on the cake. I think if earnings were anything but positive, they would not take such a high profile approach. Be forced to report their earnings if earnings were crap? I think not. Should be a positive score, IMO. They want control of their stock as much as we do. They know they are a .20, .30, .50 stock, and they will show us why. Sit back and enjoy the blast-off!
That was fun. Let's do it again tomorrow.
That's the Old stuff Marion...but, shhhhhh...don't tell anyone!! Talk about being selective. You are the King! Errr, or Queen.
Marion..you are good at uniting this board like no one can! Your negativity and obvious negative bias really rallys fellow LFWK investors to post all of the good DD they can find. I learn 10x more good stuff everytime you post some negative slant. Keep up the good work! Ha! ha! ha! ha! Oh, and I assume if you own any LFWK, you'll be selling first thing Monday morning. Might as well end your misery now!!. No sense sticking around for a 20 bagger. Ha! ha! ha!
Staying Long. Staying Strong. Forest through the trees. Peace.
It is coming together. Monkeys need not apply.