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Very glad to see the upgrade
Too bad the company did not update the share structure
SAMP Security Details
Share Structure
Market Value1 $260,160 a/o May 20, 2015
Authorized Shares 500,000,000 a/o Dec 31, 2014 (this not current)
Outstanding Shares 325,199,988 a/o Mar 31, 2015 (this is current)
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 7,781,234 a/o Sep 30, 2014 (this is not current) (In fact this is dated before they became USA Restaurant Funding,Inc)
Par Value 0.001
I believe the company should see that such basic information is updated as it changes.
Many potential investors will include OTC site as part of their DD.
The latest quarterly report is for Jan-Mar 2015
That prize fight was May 2, 2015, a full 4 weeks after..ergo no effect on the 10-Q.
The results of that night's income won't be felt until the next 10-Q due 15 August.
Remember that night was mostly reservations only ... and at a very pretty price for groups or individuals, Now if you add in the food and liquor tabs, the restaurant should have cleared well above the $5,600 it cost to run the fight.
10-Q out. Not good. No settlement news.
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=138842
Red House website is just a placeholder
It is a preliminary site, of what it may be.
I would not get too excited about the Red House until their new signage (on building and large outdoor sign on post) was advertising the restaurant.
And at that time I believe some of the friendly posters in the area will update us on the status. They have been doing a good job for us so far.
Thanks for the update ref Attorney letter
I was getting ready to go to bed and saw your post.
I was able to download and print the attorney letter.
I had tried 4 times before, but kept getting file damaged remark.
Like you, I am waiting for the updated list of officers.
They were supposed to be entered in the 10-Q, but as usual, they failed to print the list.
And as I have said before, I hope they update their business license which is also due 5/31/2015. (just to keep things nice and neat)
If you want a REAL..SUCESSFUL company, be picky
USA Restaurant Funding, Inc has proposed big plans...8-9 new restaurants this year. That is a LOT OF money..to be spent and BIG money to be earned.
If they are sloppy now, what will happen in the future?
Carelessness breeds carelessness.
There are a LOT of examples in this updated 10-Q report
I like to think some of my past posts had some influence in this happening.
Many people doing their DD on this company will read, study and evaluate these OTC reports.
MORE COMMENTS TO COME..PAGE BY PAGE.
If you don't like them..ignore me.
Think this operation, if properly handled, can be big and profitable for all.
After all, they posted a income of total sales and cost of goods of $181,842 for the quarter. This could expand to over $725,000 or more for this year.
And they are just getting started
Just printed corrected 10-Q..STILL needs work
There are TWO noticeable additions, both on page 9
FIRST:
3. Related Party Transactions
"This year on April 24, 2015, the company has taken out a Fifty Thousand Dollars loan and is being paid back daily in the amount of Five Hundred and Sixty Two Dollars and Ninety Six Cents."
OKAY:
What are the terms of the loan?
What is the interest being paid?
When will the loan be paid off?
NEXT:
Item 7: Other information
"USA RESTAURANT FUNDING, INC has signed a new location in Colleyville, Texas.
TERMS: 120 MONTHS(10 YEAR LEASE)
LOCATION: 5120 STATE HIGHWAY 121 COLLEYVILLE, TX,76034
DATE OF LEASE SIGNED: APRIL 1, 2015"
OKAY:
How much are the monthly payments?
(signed a new LOCATION and I thought they signed a LEASE)
Gonna read the 10-Q some more
No DD involved..Just a quick scan
A great deal of the errors (?) were carried over from the last filings.
As I had said before, I make hard copies and red-pencil these mistakes
The other filings are a mess and slipshod
Lets start with the 20015 First Quarter report
Page 1..OK
Page 2..CUSIP number different than in Disclosure Guidelines
88248U 100 against 90290r100
Page 3...It list the Number of Share Authorized as 455,522,127
Number of Shares Outstanding as 325,199,988
and these figures are as of March 31, 2015
Pages 4 thru 7 need more study
Page 8..Section 1 b. Description of Business
"LTV Corporation is an asset based or "hard money" lending company to residential and commercial real estate investors....."
This page and Page 9 deal with LTV.
Page 10..
Item 9: Certification
I, L. Scott. as President/Director, of South American Properties, Inc. ("the Company"0 certify that:
1. I have reviewed these unaudited Financial Statements for the Company for the year ended June 30, 2014.
And then at then end of the page Tommy Hoang signed the report as CEO.
I would like to continue, but I have to attend a Field and Track
Awards Supper for my grandson
be back later
Has anyone downloaded the Attorney Letter?
When I try all I get is a notice" the file is damaged and could not be repaired"
SAMP is NOT up to date
I looking at the OTC profile for SAMP on my second monitor and its STILL Listed as Limited Information
Why don't lobo, Beach Bum and clynel
arrange to meet at a time agreeable to all at the Pho House and try to settle this between them?
I do not mean they should have a duel or anything...
just a friendly get-to-gather and see if they can agree as to what they see and what is really happening there.
They file, but usually late
Publish Date Report Title Period End Date Status
May 15, 2015 Notification of Late Filing Mar 31, 2015 Active
Apr 15, 2015 Annual Report- Annual Report 2014 Dec 31, 2014 Active
Mar 31, 2015 Notification of Late Filing- Annual Report 2014 Dec 31, 2014 Active
Nov 19, 2014 Quarterly Report Sept 30, 2014 Active
Nov 14, 2014 Notification of Late Filing Sept 30, 2014 Active
Aug 19, 2014 Quarterly Report Jun 30, 2014 Active
Aug 14, 2014 Notification of Late Filing- Q2 2014 Jun 30, 2014 Active
May 20, 2014 Quarterly Report- Period Ending March 31st, 2014 Mar 31, 2014 Active
May 15, 2014 Notification of Late Filing Mar 31, 2014 Active
May 1, 2014 Attorney Letter with Respect to Current Information Dec 31, 2013 Active
http://www.otcmarkets.com/stock/EVRM/filings
Often this info is available on OTC site
But it is not now.
In fact, OTC has issued the red caution sign to SAMP for Limited Information
http://www.otcmarkets.com/stock/SAMP/profile
But, these questions may be answered IF SAMP publishes the 2015 1st Quarter 10-Q report due tomorrow ( next Wednesday if they decide to release late)
10-Q for 1st Quarter due Friday..May 15
But I'm guessing they will file late..May 20th
Can not find USA Auto Business Funding file.
Could you please post a link to that filing ?
I am very interested in that $10,00 downpayment SAMP made
About Skylane Motorsports
Is Skylane Motorsports the same company as Skylane Auto Haus??
They both have the same address..3215 Skylane Drive #120, Carrollton, TX
The Motorsports photos you posted today show Skylane Auto Haus displayed on the face of the building.
But it seem Motorsports does auto/engine upgrades/customizing,
https://www.facebook.com/SkylaneMotorsports/timeline?ref=page_internal
but no auto sales, which is a large part of Auto Haus business.
http://skylaneautohaus.com/#
So if Auto Haus changed to Motorsports, when did this happen ??
TIA CB
I thought SAMP elected to purchase Skylane Auto Haus
You got 3 minutes to paint the tape!!
Are you saying the O/S can be greater than the A/S??
But it was 400M before they raised it to 2 Billion
So the rise to 2B and then the lowering of the the A/S to 500M looked like a ploy to hide a 100 M increase (400M to 500M)
Like I said, you gotta watch these guys.
O/S is NOT 101 million shares
you were looking at a report for the period ended Sept 30, 2014.
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=133271
The latest company report list the O/S as 142 million as of 12/31/14.
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=133230
And the OTC site also list the 142 m figure
http://www.otcmarkets.com/stock/SAMP/profile
You got to watch these guys..their report filing abilities are somewhat lacking.
Thank you, BeachBum
I have heard of Whois but have never seen it use before.
I have DL NetToolset and have been experimenting with it.
This program will be very useful to me from now on.
Again may I say, glad to have you on the board.
cb
Red House Cajun Seafood Lease
Just who is leasing this Red House Location??
SAMP PR says they are.
Article says the Red House is.
http://realestate.dmagazine.com/2015/04/lease-red-house-cajun-seafood-restaurant/
Now THAT will bring them in !!!!!
Want to say THANKS for the photos
you posted Friday morning.
Its really nice to have eyes in the area.
You and sultan77 are both assest in your williness to take the effort to go to the new location and share your findings with us.
Keep up the good work. I think your pix played a major role in the action today..
I know I added today.
cb
Know of only one SAMP restaurant open now
Pho House Far North Dallas
18020 N. Dallas Pkwy
Dallas, TX
The Colleyville location will be the next (2nd) location
Red House
5120 State Highway 121
Colleyville, Texas
If you have knowledge of other SAMP restaurants, would you please post their addresses.
Thank you
Which 50% can YOU PROVE are FALSE??
SAMP's Nevada Business License expires 5/31/2015
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=iRePBNV%252fD2iSW7kmN6aHIg%253d%253d
That's just 34 days from today.
Thank you, sultan77.
Old management is not gone...yet
Loretta Higgins, the old CFO of Nexus Energy Services Inc
still has an active role in this company and the "ghost" of the old companies remains.
She is currently listed as:
Secretary
Treasurer
Director.
I should had not used "absolutely nothing"
I have well marked-up hard copies of ALL the PRs , as well as of the Quarterly Reports.
It was a previous restaurant..MAC's
I would like to hear from someone local
who has visited/driven by who would report on the new restaurant's progress.
Look in the windows...look for signs about the hour...is the building marked in any way...does that HUGH sign outside on the pole proclaim the RED HOUSE restaurant..etc.
I would hope if anyone does check this out that they would take photos and post them.
If you follow the time-line for this restaurant thru their PRs
Dallas, TX -- March 12, 2015 -- InvestorsHub NewsWire -- USA Restaurant Funding, Inc., (OTCPK: SAMP), is pleased to announce that negotiations are being finalized on the deal for one of the two new Pho House locations
Notice in the next PR the restaurant went from a Pho House to a Cajun style seafood operation
DALLAS, TX -- April 8, 2015 -- InvestorsHub NewsWire -- USA Restaurant Funding, Inc. (OTCPK: SAMP) announces that it has fully executed a property lease to open its new “Red House” Cajun Seafood Restaurant. The address for the new restaurant remains at 5120 State Highway 121 Colleyville, Texas 76034 ...
And notice the use of "its Red House". I infer that USA Restaurant Funding will OWN the operation. But who knows ??
The deal was not finalized until April 18, and this is just 3 weeks after that!!
So I seriously doubt that the Red House is open yet.
And we know absolutely nothing about the arrangements to acquire or finance the restaurant.
So I do not expect to see a PR soon saying the new location is open for business.
That is the same one I linked to
https://twitter.com/PhoHouseDallas
Did you notice their address in the upper left corner of the home page??
? "5301 Alpha Rd Dallas, Tx 75240"
They moved from that address in December as announced in their PR of December 01, 2014
http://ih.advfn.com/p.php?pid=nmona&article=64619974
They are not exactly current or up to date, are they??
Just checked Twitter
This is the ONLY Twitter post for the 24th
"Pho House Dallas @PhoHouseDallas · Apr 24
I posted a new photo to Facebook http://fb.me/43FX6Nst5 "
https://twitter.com/PhoHouseDallash
Please give link for that report (eom)
That Report is for Quarter ending September 30, 2014
Quarterly Reports are due 45 days after the quarter ends. In this case, it was due 14 November 2014.
This Report was published 25 February 2015.
Hardly what one would call timely.
2015 1st Quarter Report due 15 May 2015
Plus the fact that they do not seem to be able to write a report.
In that last report I referenced, look on page 3, Item 1:
They correctly name the issuer as USA RESTAURANT FUNDING, INC
Yet in Item 2 they are giving information on South American Properties, Inc
And you may find in enlightening to see
Number of Shares Authorized...142,368,027
Number of shares Outstanding..500,000,000
An I won't even go into their very creative Balance Sheet, Statement of Operations, Statement of Stockholder's Equity, or Statement of Cash Flow
They discuss loans with without giving the amounts, terms, from whom, etc.
And what are the details about the purchase of the car dealership, what is our stake, how are we paying for it, what is our control status in this business??
Just had to get this off my chest.
I have a small buy order in, but will hold off buying more until the 1st Quarter Report come out.
*****Ernie, please check your report dates
This is what you checked:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=133271
2014
Third Quarter Report
Financial Statements and Notes for the Quarter Ended September 30, 2014
Also note on the bottom of page the company is listed as:
South American Properties, Inc
k/n/a LTV Funding Corporation
*****Here is what I checked
Financial Statements and Notes for the Quarter Ended December 31, 2014
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=133231
See page 4:
Check Total Assets...$154,284.55
Annd if you check on my report bottom of page 1 it says
USA RESTAURANT FUNDING, Inc
This is the first report with the current company name on it