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I am sure Sam is working as diligently as possible, moving this company in the direction that he feels will lead to long term success. But I do not believe that he is sitting on news rather than releasing it. The cost to Strat by not releasing news is simply too large. Positive news would reduce the cost of capital by increasing the share price and thus reducing the number of shares being diluted to raise capital.
Im sure he is working on many different fronts. I am sure we will hear something soon. But the reality is that none of them are to the point of completion where a press release would be justified. They must still be in the developmental stage. We would have heard about them already. The cost of sitting on the news is just too large.
JMO,
BRRTKS
ditto
agree with you there B.
Time has come to let the shareholders know what is going on. All the dilution. No financials. No news. We have held in for a long time without an update. We dont need an IR firm, dont need Yeggy or whoever, we need an update. It is overdue.
Hopefully he has a briefcase full of good news...
thanks for your thought through insight. you have it figured out. go chat about any of the other stocks you have made money on.
I said maybe the pix with no persons in them. I'm sure they were our own pix.
what a dumbass. lazy. plagerizer. for $2500 a month think they would have done a little better.
eik,
that is a breath of good news. no connection.
I agree. Think they just used the photo. Maybe SPRL used a stock photo for pix with no one in them....
But dont think having JMCP involved would be any positive for us.
and lastly...
These efforts are “opportunistic and time-sensitive deals” often involving distressed situations where other parties have something very valuable they are about to lose entirely or economicly not practical for larger companies.
more info:
CHICAGO--(BUSINESS WIRE)--February 03, 2007
James Monroe Capital Corporation (Pink Sheets:JMCP) has been in
talks with multiple companies regarding possible ventures. Principal
shareholder Taylor Moffitt commented, "I've got a lot of equity tied
up here, and while I'd like something to happen ASAP, we shouldn't
just throw some junk into the company and do it half way. Considering
the assets the company has in ONYI stock and real estate, we don't
understand the low stock price, but we intend to do as much as
possible to maximize value."
The company has been in talks with multiple ethanol and biofuels
companies, a gold mine, resort developers, franchise chains, and
several other possibilities. CEO Chris McGovern said, "Whatever we do,
we have to make sure that it ends up making our stock more valuable
and liquid. A suitable business must meet all of our business ethics
standards, be approved by our financial advisors, and be well-received
by the public. I've been very busy working on paperwork for ONYI, but
I will enjoy being available to devote more energy to help see the success of James Monroe Capital come about as soon as possible, while
still being selective and responsible with our company's future."
Moffitt added, "No matter what happens, Chris and I will remain
shareholders and remain available to help ensure the success of OUR
company."
If we have any contact with this company, Im not sure its a good thing...
KILLEEN, Texas--(BUSINESS WIRE)--April 13, 2007
Frank Love, the president of James Monroe Capital (PINK
SHEETS:JMCP), issued the following statement on his intentions for the
direction of the company.
Love stated, "When I took over this company, it had restricted
shares in Originally New York and some marginal equity properties. The
share price had a bid of "unpriced" and an ask of $0.0001. This meant
that an investor could buy the stock but it would prove to be
difficult to sell it.
I have come up with the following strategy that I will follow.
1) No reverse-splits. In my experience, when reverse-splits occur,
the share price usually falls to the level that the original
reverse-split started from. Shareholders usually never benefit from
this. I will not reverse-split this company since I do not believe it
will benefit the shareholders whose interests I hold paramount.
2) Buy-back. We have billions and billions of shares outstanding.
We will remain on the Pink sheets and will never get institutional
interest if this continues. I intend to buy-back as many shares as I
can at $0.0001 with the revenues generated from our oil deals. In
addition, I will only enter into deals where there is cash flow that
will allow me to do this. This will allow our share price to increase
so that we won't be a sub-penny as well as to provide a bid price with
which investors will have an exit strategy. Our share price should
eventually reflect the assets that we have placed inside of it.
3) Exchanges. Once the buy-back has been completed and our
outstanding share-structure has been drastically reduced, I intend for
us to move to either the AMEX or Nasdaq. In addition, I would like a
dual listing on the AIM or Frankfurt.
Please be patient with both our new management team and myself as
we execute this strategy."
James Monroe Capital Corporation: 6 Month Investor Relation Contract @ $2500 per month. In addition 2% of the preferred stock already issued with a non-dilutive clause.
So Chimnook is at a minimum an investor relations firm...
Everyone should read the disclaimer.
well at least one picture is the same. either there is a connection with the JV or plagerism..
good find.
alive and kickin, thanks
I did notice the 420,000 share trade after the close. Looks like a bit more dilution still in the works. I still believe that method to be the cheapest form of financing for SPRL at this stage.
Thank you for your continuous updates. They are appreciated by the vast majority.
half would be excellent. But even if it is significantly less than half, that is still light years ahead of anything SPRL has ever had.
and if the recent dilution has been used to expand the production at the current site, or used to form other JVs at different sites, look at the potential where we could be headed.
maybe the releasing of previous financials is a non-event because there was nothing concrete to show, and was in a completely different environment than we are currently operating in. maybe the past is completely irrelevant to the present and future.
mindless wandering... BRRTKS
I have been in SPRL longer than most, with exception of Richagain and Velvet plus some others.
You need to keep in mind that SPRL does not own the 80M in sludge. The joint ventures own the sludge. That is a big difference. And the SPRL investment in the JV was in itself a partnership. Just keep those in mind all I'm getting at.
We need the dilution to cease, or at least a PR showing us what is being done with the dilution proceeds. I have stated before, that dilution is a good thing--shows that Sam is busy making deals. The shares are issued to raise capital for expansion, new JVs, etc... It is not done to pay hydro bills at the office or line his pockets.
We need PRs with updates. We need financials, audited or not.
We are certainly on better standing than we ever have before IMO.
There are many of us in that position that loaded up even before the share price run up to .30+ and who have added all the way back down.
If you look at the series of news releases, we are in better shape now than we were before. We have real revenues on a real JV project. Hopefully more JVs tocome. The first one was the one to prove that a JV could work in the specific field. The next ones will be the ones that deliver returns.
anyone out there speak to sam recently? I have a call in, but don't like to be a pain. will try again tomorrow or tuesday.
BRRTKS
and we have seen this many times before...
I have seen too many headfakes on this stock to get overly excited. The fact that I did not add to my position at .005 could indicate we are finally moving higher.... :)
But I am hopeful something will happen soon.
I have been in as long as you, and currently down over 80K. At some point in here I have to protect my investment and avg down significantly. My avg is still north of .06.... not .006.
But I am not so sure the stock price can rebound as fast as you think. There are plenty of flippers here below .02 that will bail with a 200-500% return. The whole number of shareholders in not an exact science. I seem to remember a clarification of how they reach that number from the old board.
Whatever the case, any news could take us higher from here, dont think .03-.05 is out of the realms of possibilities. But back to where I bot some shares....oh my gosh....might be a reach until everything is in place, ie: more than a year from now...
Just my opinion...
If it does not go lower, it will be the first time out of about 400 times where I thought it couldn't go lower and yet did...
The afterhours trade of 940,000 shares is another indication that the dilution continies. There is no reason to believe that it will stop on any given day. If anything, it may increase as more shares are needed issued to raise the same amount of capital. If Sam had any real news, he would have released it by now; price would rise and he could issue fewer shares. News will come when there is news to report.
As for SPRL being real or a sham, if the stock rebounds it will have been real, if it continues to slide with continued issuance of hundreds of millions of shares (not just several million), then it will have been a sham. Gut check time fellas.
thank you velvet
BRR
Sure I worry about dilution. But at this point, it is the cheapest form of raising capital. It may well be the only way at this stage in development.
Sam could throw out all sorts of hype, but that is all for short term swings, not long term gain. And there has to be legal, as well as moral, implications in releasing news prior to agreements being made.
As for returning to hihger share prices with the issuance of even 200 million shares, in the long run, if things go the way Sam has planned, the share price will rebound. I never believed the $1, $3, AMEX listing crap. That was all spin. It is a long road.
Please reread my previous post on building foundations.
SPRL will either be a home run or fade away. If you have the conviction and patience, you stay. If not, get out. Dealing with Russians, technology, etc.. is a long term game.
Now financials, that is another story that I am more concerned with than share price or outstanding shares...
exactly what I thought about the dilution velvet. good news.
BRR
there is not enough money to go around for financing new deals. Financing new deals takes partners and hundreds of thousands of dollars. It is not even close. There is a partner in SNU and there is a partner in the SPRL portion of SNU.
But any revenue is a start. It is proof that the business plan works, and makes it easier to find partners for the next JV. SPRL has the knowledge, has the skill, has the contacts, they donot have the cash.....yet.....to finance JVs.
That will come after the footings I was speaking of earlier are done.
As for dilution. I hope it is NOT over. That is the only means of financing for Sam for the next several months at least. There is not enough revenue coming in to finance additional deals. Not only is issuing shares the cheapest form of financing for the company, it is probably the only means at this point.
The fact that new shares are being issued is NOT bad news in the least. It is good news. Something is going on. The shares are financing something.
What we need is updates, filings and real results. The payoff on SPRL is down the road, not immediate. We are still working on the foundation of the structure, digging the footings. The house will come later. And hopefuly they are digging footings for a very large house. That is why I am still here...
even market cal is a terribly difficult platform to analyze for a pink sheet stock that is not a fully reporting company, no financials, no breakdown of partnerships/joint ventures, etc...
that is just the reality with investing in pink sheet stocks. they are not bound to the same disciplines that listed securities are. They are volatile and subject to huge percentage price swings, manipulation, naked shorting, rumor and lies...
Sam is the only one with the keys to make things better. And he has his own agenda.
I agree. I thought there was a limit at .oo7. But seeing 556,000 shares go off at .0067 means that is not the case.
The dip in price means that Sam will have to issue more shares to raise whatever capital he is needing. And the fact that he is willing to issue those shares at lower and lower levels is not a good sign. Think I will leave it there.
If this afternoon's trading does not scare the crap out of us, I dont know what will.
We will need some answers from the company here soon. I am not sure we can hold these levels much longer. there are just too many new shares being issued.
The after hours dilution has been absorbed so far, but I'm not sure how long we can keep seeing that. I, for one, have enough shares until I hear something from the company.
There is a big difference between "make" and net.
You are also discounting in your math that SPRL is in a joint venture for the Bashkorstan site. We do not know what percentage of the SNU joint venture is SPRLs. Then also, SPRL has a joint venture that was put together for the investment in the SNU joint venture. You are failing to take that into account as well.
There will have to be several more sites up and running before there is any significant bottom line. It is a long term plan. It will take time to get any return at all.
I own over a million shares with cost basis still above .07
Im in for the long haul, those who are not need to get out. There may be short term swings, but the real payoff is down the road.
Rick,
All valid points. Think most of us here are on the same page with regards to releasing of audited or unaudited financials.
Issuing new shares with the stock price this low is a big hit for the company. Cost of funding would be significantly reduced with a release of even unaudited financials IMO.
Which is why I feel there must be a deeper problem with the financials sitting on Sam's computer. And that problem has nothing to do with making or losing money. There are few if any companies in the stage of development that SPRL is in that are making money.
Financials = Credibility = Higher Share Price
If the audited financials are done, why not release them? We have been told they are on Sam's computer. By not releasing them, all they are doing is promoting suspicion and doubt. Without audited financials, SPRL is like thousands of other penny stocks. Audited financials seperate SPRL from the other trash out there. They offer respectability and trust and belief. Credibility in a pink stock!
I do not disagree with your argument about making money first, but then why have they been working on them for 2 years and commenting on delays and stamps, etc. Why would they have even started the process if they did not feel that audited financials were in order???
I think the simple answer is that Sam thinks it more important to work on current and next deals rather than financials. Both are important, both are necessary.
I also agree with your assertion that he will have to issue more and more shares as the price declines. he is certainly in a tight spot to say the least.
But then again, he has the ability to issue many many shares to keep business/deals going forward.
There must be something more holding back the financial reporting. Otherwise it would be too easy to release them without a "stamp" or whatever.
Financials NEED to be released. I have been saying that for months.
more sellers than buyers
Ease up on the all buys posts... seems everytime you post one, sells start coming in...
510,000 trade .008 those are sells. and maybe the 200,000 at .0085 are sells as well.
Just kidding of course, but last couple times you have mentioned it, sells have come in...
bid is .0085 now. think last couple prints were sells. Also explains why the .008 is not going to get hit...
until the below market print after the close...