is...Trying to learn the ropes in OTC World is like drinking from a firehose.
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http://www.reuters.com/finance/stocks/MSPC.PK/key-developments/article/3299224
Metrospaces announces acquisition of Property of Tulasi Mandir Luxury Spa & Hotel and Hotel Santo Cristo Projects
Wednesday, 11 Nov 2015 09:57pm EST
Metrospaces:Says the acquisition of property in Tulasi Mandir Hotel and Spa and Hotel Santo Cristo for a combined $500,000.
Metrospaces Issues End of Q3 Shareholder Letter
MIAMI, FL--(Marketwired - Nov 4, 2015) - Metrospaces, Inc. (OTC PINK: MSPC) today issued a letter to shareholders explaining current state of projects.
Guess you should talk to Marketwired.
LETTER TO OUR SHAREHOLDERS
To Metrospaces Inc. Shareholders:
As 2015 continues to develop, our projects continue on our forecasted projection execution dates. 2015 has already been an exciting year for us since Metrospaces became a revenue-generating company, mostly due to the wholesale of grapes and wines from its Ikal Lodge and Winery project. Overall, we continue on the development of our business plan. Of our 2 hotel projects in Venezuela, the Tulasi Mandir hotel has been introduced to Banco de Venezuela for hotel construction loan approval, and our Santo Cristo Hotel in Pariaguan is within a few days of final planning approval.
This year has also been pivotal in our management expertise improvement, in particular since the incorporation of our new CEO Daniel Silva. His expertise has been visible in navigating our Venezuelan projects through construction approval and now construction loan requests. Additionally, we are very happy with our fund raising process so far with Optimize Capital. Even though funding has not closed with any investor up to date, we are in advanced conversations with a few groups, and expect to close on the funding in the next month or so. Total funding for this campaign is $10 million. With these resources, we would be a position to fully complete the Ikal Lodge and Winery project, as well as acquire another 2 projects we are currently negotiating. Certainly, with this funding we have access to quite a few possibilities.
Metrospaces Senior Management
In continuation, here is an update on our projects:
Orinoco Oil Belt Hotel: This is the company's first entrepreneurial hotel project. Metrospaces originally acquired a 1/3 interest in this hotel project, however we are currently negotiating with partners to increase our stake 60%. The project received approval from the Ministry of Tourism, so planning approval and financing are well on track. Currently, the project has been introduced to the City Council and we expect complete planning approval before end of 2015. At that point, we will be approaching 3 of the mayor local banks for total funding. We expect to begin construction in 1Q of 2016. The hotel is a 122-room 4 star business hotel. The hotel looks to take advantage of the vast lack of hotel infrastructure in the Orinoco Oil Belt formation. Here is a link to a presentation:
https://db.tt/MnqmxbTy
Tulasi Mandir Hotel and Spa: The Company has successfully acquired 60% of this project. This is a 28-unit ultra-luxury hotel and villa project located in Coche Island, Venezuela. It is a high-end hotel and spa, aimed at more discerning clients. It will attend an unserved high-end market in Coche Island. We expect to charge $280-$350 per night, and have occupation rates above 70%. The project is currently about 15% executed with full permits in place. All permits have been successfully renewed and we have presented loan applications to Banco Bicentenario, Banco de Venezuela and Banco Provincial BBVA, 3 of Venezuela's main commercial banks. We expect to have loan approval in the next 3 months or so.
https://db.tt/StIPXi3H
El Naranjo Yunga Estates: El Naranjo Yunga Estates project consists of 3000 hectares (7,143 acres) of undeveloped virgin land in the pre-Amazon region, northern Argentina. It will have 32 lots of an average size of 45 hectares (112 acres) giving each owner a real sense of "land ownership" in one of the most beautiful getaway places on earth. Additionally, the property will have an 8-room boutique hotel run and operated by renowned and prestigious luxury boutique hotel operator. This hotel will be made mostly to provide concierge services to the estates, and for guests of our landowners. Each lot is forecasted to be sold for $560,000 for total project revenue of about $18 million in 4 years approximately. Total land and development costs are expected to come in at about $8 million, thus providing and IRR of over 120% and $10 million in EBITDA.
https://db.tt/lXwggoal
Ikal Lodge and Winery: Ikal Lodge and Winery is a 75-hectare wine based hotel and vacation home project, located in Mendoza, Argentina. The amazing project consists of a 25-master suite luxury hotel, a world-class winery and 29 luxury villas that will be sold under fractional ownership. Total revenue from the sale of the villas is expected to be at approximately $100 million, with and EBITDA of about 45%. Metrospaces has executed and LOI to acquire the project. We are in advanced negotiations with 3 potential investors to put up 100 financing. We expect to close on this funding before end of 2015. For more information, please see: www.ikal1150.com
https://db.tt/0OyHd3ZM
JV Agreement with Prohotels of Argentina: In its refocusing of the company's business plan to hotel development, Metrospaces has executed a JV Agreement with Prohotels (http://www.prohotels.com/). This partnership gears itself perfectly with the company's development and financing skills. This agreement calls for the development of 4 new hotels in the coming 3 years. It is a testament to our business plan execution.
Other Projects: The Company will continue to make a strong focus on building a chain of hotels, aimed at niche markets. In particular, we are looking at the possible acquisition of a 100% interest in another lot in the Orinoco Oil Belt region. Additionally, we are in talks to acquire 2 operating hotels.
Again, we want to thank all our new shareholders for taking an interest in our story and have given us the chance to be where we are at! We will continue to work very hard to make your investment in our company a success, and have very high expectations for 2015 and beyond!
About Metrospaces:
Metrospaces www.metrospaces.net is a publicly traded real estate investment and Development Company which acquires land, designs, builds, and develops then resells condominiums and Luxury High-End Hotels, principally in urban areas of Latin America. The company's current projects are located in Buenos Aires, Argentina, and Caracas, Venezuela.
Six years ago Metrospaces shareholders saw a unique opportunity to participate in several exciting property markets around the world. Through their worldwide network of highly recognized real estate entrepreneurs, the company was able to capitalize on unique real estate development opportunities. Since inception the company has leveraged those relationships along with extensive financial expertise and transformed excellence by results.
Metrospaces is a boutique real estate development company, a product of the alliance of Metrospace shareholders, along with an elite group of real estate professionals and entrepreneurs located around the world. Company shareholders have extensive careers in real estate financing worldwide, and have funded projects both in the Americas and across Europe valued in excess of US $350 Million.
Metrospaces' majority shareholders have partnered with Investors on Elite properties including The London BLVGARI 5 Star Hotel, and are currently involved in negotiations for the development of several Elite luxury properties in South America.
Among Metrospace partners are Architects, Real Estate Developers, Agents and Attorneys of the highest standing, with extensive experience in the global property market.
Metrospaces was originally founded by company President Oscar Brito.
Relevant Links:
http://metrospaces.net/
http://www.prohotels.com/
http://www.ikal1150.com
Appreciate you Interests/Hobby...can't go wrong with those 3. Sorry about the L last night...we are due for a solid W soon...I hope.
Slam
We have ALL been there at some point.
The very best of luck to you in your future trades.
Slam
FYI FROM
EmpoweredNews World News Summary Helping You Stay Informed
"Portable Generator market 2015 to grow at a CAGR of 7.92% Forecast to 2019."
Key Vendors
Briggs & Stratton Corp.
Cummins Inc.
Eaton Corp.
Generac Holdings Inc.
Honda Motor Co. Ltd.
Kohler Co.
Yamaha Motor Co. Ltd.
Other Prominent Vendors
Caterpillar
Champion Power Equipment
Dresser-Rand
GE
Honeywell International
Mi-T-M
MTU Onsite Energy
Multiquip
Perkins
Pramac
Powerdyne International
Scott's Emergency Lighting & Power Generation
Technotronic Industries
TECO-Westinghouse Motor
Wacker Neuson
Wartsila
Winco
Some loading before Q3 fins I doth ponder.
Slam
I'm good with that:):):):)
I can't validate the comments below...this was posted on another board yesterday.
"• 16 hours ago Flag
GREAT NEWS WOW...
I had some time off today and had my lunch break in lot next to coates and saw and truck delv, what looked look a large generator to rear garage door ,best new in sme time , also a lot of people about a lot more activity then I have seen before ... I am happy also I took pics with my cell if anyone wants to see "
Best of luck to all of you,
Slam
"Portable Generator market 2015 to grow at a CAGR of 7.92% Forecast to 2019".
"Other Prominent Vendors"
...Powerdyne International
http://empowerednews.net/portable-generator-market-2015-to-grow-at-a-cagr-of-7-92-forecast-to-2019/1855289/
Slam
LOL...made me think of hiding under the makeshift tent (blanket)with my brother and a flashlight...saying shhhhhh don't tell mom we're reading the comic books...
Live well my friends...life is way tooooo short.
Slam
Lol...thats sneaky...i wont tell...extra shhhhh.
WHERE DID EVERYBODY GO??????
#31 on BB and the market isn't open yet...that's fun.
Best of luck to all,
Slam
Thanks for that post EdwardNY. Very interesting/promising reading. I noticed Coates was mentioned as well.
Best of luck,
Slam
"Global Portable Gas Generator Market 2015-2019" Published
www.digitaljournal.com/pr/2651440
"The key players in the Global Portable Gas Generator Market are Briggs & Stratton, Cummins, Eaton, Generac Holdings, Honda Motor, Kohler and Yamaha Motor while other prominent vendors include Caterpillar, Champion Power Equipment, Dresser-Rand, GE, Honeywell International, Mi-T-M, MTU Onsite Energy, Multiquip, Perkins, Powerdyne International, Pramac, Scott's Emergency Lighting & Power Generation, Technotronic Industries, TECO-Westinghouse Motor, Wacker Neuson, Wartsila and Winco"
Any update on the "ask" volume?
With all "due" respect. You will notice that I seldom post. That being said...I am more than happy to keep my communication private...but I thought the purpose of this board was to share relevant information. If you don't feel my post was relevant please ignore it. Additionally, your comment regarding live/die in sin could be considered as threatening. BTW my God reigns!
Wishing you the best,
Slam
Sorry M1...I was responding to a previous post that seemed to suggest that Jack going to China was a "change in plan".
"I am getting the feeling that manufacturing in the U.S. is off the table after he sent Jack to China again."
Sorry that I don't have this at my fingertips...but there was a PR recently that stated "Coates" would be making a trip "back" to China. The PR did not state a date (that I can recall).
Best of luck to all.
Slam
Coates International, Ltd. Announces Cummins to Ship First 250 KW Natural Gas Electric Power Generator Set to Its Plant Headquarters in New Jersey
Marketwired
August 19, 2015: 07:00 AM ET
Coates International, Ltd. (OTC PINK: COTE) (the "Company") is pleased to announce that the first 250 KW industrial natural gas Cummins generator set is to be delivered to the company in New Jersey within ninety days or sooner.
The Company's President and CEO, Mr. George G. Coates, comments: "This 250 KW Cummins generator set will be tested under full load in its original state. After testing is completed, it will be inspected and dismantled and then retrofitted with the Coates Spherical Rotary Valve System (CSRV®) and retested to complete the A & B comparison steady state tests. All 2,700 parts and components that are removed from the engine will be on display. These parts will be replaced by two CSRV assembly shafts that utilize no engine oil."
There can be no assurance that the Company will be successful in any of its endeavors.
Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Please see our filings with the Securities and Exchange Commission. Our public filings with the SEC may be viewed and printed on the website maintained by the SEC at http://www.sec
Don't know if this holds any water??? Two quotes I read last night:
“drove by sat. Seen nothing.drove by Sunday seen three over seas containers creates in parking lot. It must be time$$$$$$!!.”
“3 yen-sets per container plus parts? Or 4 per container.
Waiting is such sweet anticipation”
Best of luck to all of you.
Slam
I sent a message to MSPC. In an effort to maintain full disclosure, the short communication is listed below:
On Thu, Aug 6, 2015 at 1:47 PM, slam4202 wrote:
Respectfully.
Would you comment regarding the status of the reverse split? If the r/s has been canceled it would be beneficial to announce the status. Many investors (including me) have stock that can’t be traded. If, on the other hand the r/s is still pending it would be good of you to state that fact as well.
Best of all regards,
Here is the response from MSPC:
We will be addressing our shareholders in the next few days regarding the R/S and status of our current and future projects. We appreciate you as a shareholder and we are confident that our company will continue to grow and create shareholder value. Please, have a little more patience, as we are working very hard for Metrospaces.
Regards,
IR Department
Thanks KLEM. Anyone have some thoughts on this???
Best of luck to all.
Nice piece of DD Beari!!! Thanks for the post.
Best of luck to all.
Really GREAT POST. I suggest you periodically re-post this for newer investors. Understanding the game helps all of us make better decisions...and also identify "bashers".
Best of luck to all.
Slam4202
The IHUB "IGNORE" option on the left side of the profile page works just like a can of Raid...no matter how many "ant2s" show up...lol
Best of luck to all...
A company does not report on R&D activities. I think this is the case here. Any major manufacturer will not tip their hand in PR's when looking for the next "big thing". As a rule they will not mention this type of activity until a "major" agreement has been inked.
Best of luck QE123...you ask great questions.
WALL TOWNSHIP, NJ--(Marketwired - Aug 6, 2015) - Coates International, Ltd. (OTC PINK: COTE) (the "Company") is pleased to announce that the S-1 Registration became effective on August 4, 2015. Shares of common stock registered can now be sold to obtain new working capital under an equity purchase agreement for up to $20,000,000. This should provide the company with the ability to ramp-up production of CSRV products for shipment to our customers.
•Delayed deliveries and modifications to certain production parts and components have prolonged our shipping schedule for our first shipment of Gen Sets.
•Industrial Coates CSRV generators are operating every week at the New Jersey plant under load steady state. Testing and inspection is being carried out.
•Quality control inspection is vitally important at this time prior to delivery of these products to our customers.
•Back-up support will be required by our customers worldwide. We plan to address this by entering into service contracts with our customers.
•At the Coates headquarters and plant in New Jersey USA, manufacturing of industrial natural gas CSRV generators has started and products are being produced now.
•Business plan for Coates operations in China has been completed in dual languages. The next visit to China by Coates management is being planned for September 2015.
•A Coates CSRV industrial natural gas generator set is operating in China for demonstration and testing purposes. All test runs have been successful.
Company President and CEO, Mr. George J. Coates, comments: "As a result of the hard work and efforts of our employees and business partners, I am now highly confident that the Company will succeed with its business plans. At this time we are committed to press forward even harder. Our small staff and management are to be commended for their extensive efforts and our various suppliers in the USA that are producing our parts and components have played an important role in getting us to this point. The Company is now planning to recruit additional staff for its production operations."
IHUB is better than a reality show...I just hit the magic IGNORE button on the left side of the profile and "POOF"...no more popococo while watching this show...lololol.
Have a great day!!!
IMO the "Effectiveness" is a positive sign that COTE is in-line with the SEC's rules and regulations. I searched some "old" boards to see if there was any impact after the filing gained SEC approval. I found that there was both an up-tick in PPS and volume.
Best of luck.
Here is another link to the news update:
http://money.cnn.com/news/newsfeeds/articles/prnewswire/CG71553.htm
There is a really nice feature on IHUB. When you view a member's profile there is an option on the left side that says IGNORE. It really works great for filtering out unwanted posters. It WILL remove the clutter "brother" from any board.
Good luck to all!!!!
They are probably at GENCON in Indianapolis:)
Mjersey...nice to have you so close. Keep the "eye in the sky" comments coming. It is fun to hear from you. Best of luck.
Don't post much...but I read a lot. Deception for the sake of personal gain has its' own price tag. That price is too high for me. My hat is off to all of you that really make a solid attempt to share your knowledge (with a little fun included) for the benefit of others.
Best regards,
Slam4202
WARWICK, RI, Jul 30, 2015 (Marketwired via COMTEX) -- Powerdyne International, Inc. (otc pink:PWDY) announced today that as of Wednesday, July 29, 2015 all of its convertible debt has been eliminated from its books.
I get a kick from the satire on this Board...really over the top...lol