It was also one of their goals for 2006 and 2007 per the info on their page.

Here's to guessing it'll be one of their goals for 2009!

They are in the midst of uplisting...


Where did this info come from?

Brilliant close there. Love it. What a great stock!

** IMGW .0007x.0009....sour;)

Howard, in all honesty, doesn't it make you raise an eyebrow that they waited until the final day after the market closed to tell everyone? Obviously they have known for a while that it was going to be delayed.

Maybe the FBI and the SEC saw the '06 and '07 audits and requested the '05 audit as well?

Hotel Resort II

$672,093,000

Status:

Closed March 13, 2008

Funding is expected to be delayed on or before May 30, 2008.

Note: The Company and the Customer have bagholders in common

So they tell you this:

"If you have any comments regarding information on our web page you may mail your comments to us at the address at the bottom this page or you may e-mail your comments to us using the link below. However, due to the limited number of corporate office personnel, we are unable to respond directly."

and then respond like this:

"Because we are a public company we are careful not to respond to individual emails..."

This is stuff for Rowan and Martin.

If this runs to $1.00, it will be a $16,000,000,000 company!

Being honest? They tacked 2005 onto the audit to justify the delay!

People here have determined that the GSR is for sale. The $672,000,000 loan is closed. How can the two match up?

Nice to see they've updated many pages, but didn't take the time to update the share structure.

(must be an oversight)

Anyone notice the R/S in 2004?

http://www.heritagecapitalcreditcorp.com/sitebuildercontent/sitebuilderfiles/march31200615c211.pdf

(page 3)

Nice for them to release the PR at May 30, 2008 4:31:00 PM.

Predictably tardy.

I am claiming Ed is a crook. Outside of his SEC problems,

"In 1990, Ed Johnson was convicted of misapplying funds when he was CEO of a bank."

http://abclocal.go.com/wtvd/story?section=triangle&id=5545386

They didn't PR the big loan. They put it on their website.

Raise the A/S, PR the audits, sell the remaining shares, R/S?

If they raised the A/S, does that mean that they have maxed out the previous amount? The last update in March said 7+ billion O/S with 10B A/S. I wonder if/when they dump the remaining 2+B onto unsuspecting investors.

Not when you still have the possible big loan to fund and the possible audit to release! They have set it up nicely. I expect a PR claiming delays but all looking good while the dump however remaining shares they have into the market...then R/S.

Wouldn't the auditors be doing the audit, not the three people who work for the company?

Someone spoke with the secretary yesterday and she informed him they were delayed but they were 'working diligently' to get it done. While it's not cold hard proof by any means, it's not even remotely close to being unbelievable, either.

It's not really a big deal. I don't think anyone expected them to be done on time anyway.

Now, the funding for the $672,000,000 to start should have been started by today. A delay in that wouldn't be the best of news.

Did it take him 14 years?

"Company History

The Company was organized in 1994 for the purpose of starting a bank..."

.0001 x .0002 still?

I can't believe this hasn't gone to no bid yet. Who would want to buy a part of this disaster?

No proof that loan has closed. I have seen no official documents. All I've seen is a webpage that claims it is closed.

Considering the audit has been delayed, I can't even give them credit for that.

Doesn't Carol's convicted criminal husband run Cremel? If so, I believe the SEC banned him from being involved with a publicly traded company.

I've heard of a T/A being gagged, but never the PR guy!

I don't think they ever planned on buying back shares. My guess is that they know exactly how to attract stuckholders and this is one of the ways. At first they said they would use 35% of revenues from deals. Then they changed it to "up to" 35%. Then they added SIX BILLION SHARES.

It's the same with the reverse split talk. They said they had no intention of doing "at this time". It made people feel comfortable buying these shares.

Look back over the months and see the buyback talk. It was relentless for quite a while. Hopefully this latest increase is the nail in the coffin of that stupidity.

MILO MONEY, a well respected poster here, called Sunbiz yesterday and found out they've increased the A/S by SIX BILLION.

The info provided by the company hasn't been updated since March.

Go figure.

If there were some people looking for a $672,000,000 loan, do you think they'd go here to get it?

http://i86.photobucket.com/albums/k101/weatherbill/000_1179.jpg

Here's something that really makes me laugh. Keep in mind, a lot of things about these pictures make me laugh, but I just noticed this one. Look who is in Suite 103. Maybe Carol, Rick, Ryan, the gravel voiced secretary and the criminal could have just gone there instead of taking all of our time and money?

http://i86.photobucket.com/albums/k101/weatherbill/000_1176.jpg


(Big thanks to Weatherbill for making the trip and providing the photos)

Sure, it could be a backup plan. It could also be because they saw how much money they stole from investors in the two billion share traded days and want to see if they can do it again...and again.

Of course they did. There are plenty of people who are dying to dump this POS company and move on to something that can make them money.

Why is this company awful?


Promises without action? Check

No updates? Check

16,000,000,000 A/S? Check

Convicted criminals involved? Check

Headed for no bid? probably

Why would they raise the A/S by SIX BILLION if they planned on buying back shares?

.0001 x .0002?


Silly me. I thought the 3's would look cheap by now!

Of course the party is over. People have been waiting for months and months for info on the funding of some ridiculous loan and audits. The day before they're both supposed to be kicked into action, the A/S goes up by 62%.

People are in such shock, some are suggesting that a R/S would be a good thing and that adding SIX BILLION SHARES is a good thing.

This crappy company hasn't updated it's shareholders in many months. The share structure has been updated since March and the T/A is gagged. How can anything good happen here?

Sure is quiet around here. What happened to the 4's coming soon? What happened to going to the moon? What happened to the party in Reno?

Has reality set in?

What happened to uplisting in 2006?

People have been claiming buys posted as sells for quite a while. Now that buys are showing up, they are actually buys?

I expect extreme dilution and then a reverse split after the insiders dump all their shares.