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IMJX
They raised their A/S to 2.5 billion today..This one is done.
Have a good day
Varok
Good Afternoon,
Good PR today..
Folks you haven't even seen the potential yet..Like I mentioned last week,they have prs lined up like boxcars.
Momentum is building..We are gaining nice small daily increases.
Our volume today should top the all time high..This would certainly capture fence sitters and I expect this week to be the best week yet..We should and will close considerably higher then where we are at today..
My target is .02 by the end of the year..
My job for market awareness on CHNW has been concluded and will not post on this thread any longer and now will move to my next pick.
Have a good day
Varok
Yes,but it had less O/S and the services renedered folks getting shares put us where we are today.
However,I think that we can see .02 by Christmas.As a matter of fact, I believe this very strongly considering all that the company presented to us so far..The best prs are coming.
With .02 gives us a market cap of 6 million so I'm being very conservative..I see it going much higher,but .02 is definitely in the cards just on assets alone.
Have a good day
Varok
Hi Stock,
You changed the HOY to .10..lol Yes more reasonable.
No, I think that is stretching it on your .30..However,I do see without much resistance a .05 to .10 in the foreseeable future.
If the O/S pretty much stays where it is will give it a Market Cap of 35 million and with the recent PRs,already the assets are only 2/3 of that and with sales can easily be achieved.
Have a good day
Varok
They need shares.
Watch the bid build higher..
Todays close .005
yes I know.
I know this company very well.
This has .05 written all over it.
Wait for news,it will be out shortly.
Bid is building.
Good Morning,
Great after hour Friday pr.
Expect another one today.
We are ready to rock-n-roll.
Have a good day
Varok
Good Morning,
Glad to see some action and sound constructive debates.
On the part of shares for serves to acquire or formulate their software and IT program is correct..However,The shares given have already factored in as you may have noticed on the current O/S of 350 m.
I don't have a problem with this sort of equity type financing since just from the latest prs it's all going to good use and better this way than Cornell or other really dilutive financing packages that result in millions of shares hitting the market..In this case,the holders have opted to either hold or sell,but it is apparent that the sellers are in small share amounts and probably they continue as all of us have taken a stake as investments.
On with the ban on USA citizens against online funding offshore casinos..The latest after hour pr on the company's program to find a way to maneuver around this is positive and major step..Listen,that law goes in effect in about 9 months,but never confuse that we here in the states will give up online gambling..There will always be a way around this and the company's new potential acquisition is positive in every respect.
The company is still very much undervalued and the current share structure is extremely positive in it's present form..
Also,the dilution and according to the company's buyback program obviously is countering the dilutive effect and this as well is a positive step.
We have a winner here and I am very confidant that this issue will see high pennies..
This is climbing everyday and more MMs are coming onboard..The good thing right now with this issue is the lack of MMs on the bid..Means there are no sellers,but the ask is building,meaning interest in buyers...Eventually more and more MMs will fill this void and the upticks will happen and I suspect it's already started.
Just be fortunate enough that you are in on the ground floor.
See you on the trading floor tomorrow and it will be a good week.Look for positive gains..
Have a good day
Varok
Good Afternoon,
I just sent this stockpick on CHNW to my subscribers.
Feel Free to pass it around..The more exposure the better for all.
Some of you may already own it..
You can view it by clicking the link below.
http://www.waydago.com/stockmarketquarterly_newsletter3.htm
Have a good day
Varok
Pay no attention to this poster.
He/she is up to no good..An absolute basher.Although,when they show up something is up,but never the less a basher.
Check out his posts..He/she picked this one out and has never posted on this issue..
I'm seeing a big move next week..
Have a good day
varok
Huge News!!
This will propel us into pennies..This is really a huge announcement.
Cash Now (CHNW) Exploring Acquisition Viability Of A 3rd party payment processor's assets.
via COMTEX
October 20, 2006
FORT LAUDERDALE, FL, Oct 20, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now) late this afternoon, after the markets closed, announced that it is exploring the viability and sustainability of acquiring a 3rd party payment processor (Processor) assets. In its current format the aforementioned processor is under development with approximately 6 to 7 million dollars in invested and unfinished development costs. This processor is designed to work similar to ibill or other on line processors that process on line credit card settlements for consumer purchases. Cash Now is exploring the feasibility of utilizing the processor in a 2 step format.
In the first format Cash Now is exploring is the possibility of implementing the processors good code into its portion of the Trust Vault www.trustvault.com and to change this processor model to become a switch for various transactions. Cash Now is exploring the feasibility of completing the development of the all IP network with no legacy technology that would cater mostly to internet merchants. This format would cater to payday advance customers offering the Cash Now off shore debit card, ATM transactions, and on line transactions exclusively.
In the second format Cash Now is exploring the possibility of using the technology of the processor to imbed it, into the Trust Vault to offer a pay advance service to the on line casino industry patrons, through it's off shore Cash Now services. Although the new bill, signed on October 14, 2006 by US President George Bush, which amongst other things bans Internet gambling; namely the act prohibits Americans from using electronic funds transfers, credit cards, and checks in placing bets with gambling sites worldwide; the bill makes no mention of utilizing loans, or securing credit.
It was not clear how the law would affect a long-running dispute between the United States and the World Trade Organization over US ban on online gambling.
US gamblers make up about one-third of the world's online betters wagering over $637 billion in 2003 alone. Estimates put the value of the American online gaming market around $12 billion in 2005. Worldwide Internet gambling revenue in 2003 was estimated at $5.7 billion on about 1,800 websites, and was projected to triple by 2009, according to the American Gaming Association.
A company spokesman said "As so far as technical issues are concerned we have the capability, and the know how to put this together, we will have to now focus on the logistics of perhaps factoring the casino's receivables, and the legal matters to make this happen".
ABOUT CASH NOW
Cash Now Corporation (CHNW.PK), a pioneer in the Internet payday loan, and check cashing industry is developing the most comprehensive menu of services in the cash advance industry, all centered on the Cash Now brand. For instance, the Cash Next Super Broker concept is taking North America by storm! Our team of highly qualified financial executives know what works, and what it takes to place your loan request! Cash Next is backed by a highly experienced team, delivering blue chip solutions for businesses, and consumers. The company's proven business model includes licensing to corporately operated joint venture locations across the U.S., Canada, Australia, and UK. Cash Now offers a Payday Loan License program, Payday Express; a Payday Loan and Check Cashing License known as Check Express and an Authorized Agent Program for existing retail establishments; as well as a host of related financial services for small and medium-size businesses this includes the Cash Next broker program. Cash Now with its web based and focused outlook has won the Golden Web award in 2001, 2002, 2003 and 2005. In 2005 Profit Guide magazine ranked the Cash Now Group 10th in its list of the 50 fastest growing and most promising emerging companies. In 2005 Cash Now was ranked (#) 44 out of top 1000 fastest growing franchising companies by Entrepreneur guide.
SOURCE Cash Now Corporation
Investor Relations, Cash Now Corporation, Toll Free: 1-888-224-9641 e-mail: cashnowcorp@cashnow.com, http://www.cashnow.com http://www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved
CHNW Share Structure
550 A/S
350 O/S
150 Float
Expect more prs next week.
Have a good day
Varok
NEWS !!
Cash Now (CHNW) Executes Agreement In Principle To Acquire An ATM Network Enterprise And A Factoring Company
via COMTEX
October 20, 2006
FORT LAUDERDALE, FL, Oct 20, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now) today announced that it has executed an agreement in principle to acquire an ATM enterprise business and a factoring company for an undisclosed sum in cash and stock. Over the next couple of weeks Cash Now management and their advisors will be conducting due diligence on both of these 2 separate private companies, for viability, revenue generation and client base. "The ATM business looks extremely attractive to us," says Kevin Price, Cash Now's CEO. He added, "we have been provided with unaudited statements of this company with sales of over 1.5 million dollars in 2005. This company does not collect interchange fees from the processor and those fees could be substantial to Cash Now's bottom line." Interchange fees paid by merchant-acquiring banks to cardholder-issuing banks are in place to cover the cost to convert a charge on a cardholder's card to a cash deposit at the merchant business checking account, including cost factors like billing services, credit and fraud risk, profit, etc. All payment systems utilize Interchange as a key driving component in forging markets. All card products have Interchange: Discover, American Express, Diners, Debit, and even smart cards. Interchange fees are particularly fundamental with charge cards whose balances are paid in full each month. Interchange is important to a payment system because it facilitates growth. Technology advances have made it easier to implement and manage a wide array of specialized Interchange rates and fees by card type and merchant. New indicators built into the system will allow not just by industry segmentation, but merchant segmentation within an industry.
When asked about the factoring company Mr. Price added "Cash Now is a sub prime lender and this acquisition would open the door for us to service both the B2B and B2C market place. We see factoring as a payday loan transaction for businesses, so it is a natural fit for us" Factoring goes by many names, including invoice discounting, receivables factoring and debtor financing. In simple terms, factoring is a practice wherein one company purchases a debt or invoice from another company. It refers to the acquisition of accounts receivable, which are discounted in order to allow the buyer to make a profit upon collection of monies owed. Factoring transfers ownership of such accounts to another party that then works vigorously to collect the debt.
While factoring may allow the liable party to be relieved of the debt for less than the full amount, it is generally designed to be more beneficial to the factor, or new owner, and the seller of the account than to the debtor. The seller receives working capital, while the buyer is able to make a profit by buying the account for substantially less than what it is worth and then collecting on it. Factoring allows a buyer to purchase such accounts for about 25% to 50% less than what they are actually worth.
ABOUT CASH NOW
Cash Now Corporation (CHNW.PK), a pioneer in the Internet payday loan, and check cashing industry is developing the most comprehensive menu of services in the cash advance industry, all centered on the Cash Now brand. For instance, the Cash Next Super Broker concept is taking North America by storm! Our team of highly qualified financial executives know what works, and what it takes to place your loan request! Cash Next is backed by a highly experienced team, delivering blue chip solutions for businesses, and consumers. The company's proven business model includes licensing to corporately operated joint venture locations across the U.S., Canada, Australia, and UK. Cash Now offers a Payday Loan License program, Payday Express; a Payday Loan and Check Cashing License known as Check Express and an Authorized Agent Program for existing retail establishments; as well as a host of related financial services for small and medium-size businesses this includes the Cash Next broker program. Cash Now with its web based and focused outlook has won the Golden Web award in 2001, 2002, 2003 and 2005. In 2005 Profit Guide magazine ranked the Cash Now Group 10th in its list of the 50 fastest growing and most promising emerging companies. In 2005 Cash Now was ranked (#) 44 out of top 1000 fastest growing franchising companies by Entrepreneur guide.
SOURCE Cash Now Corporation
Kevin Price, Cash Now Corporation, Toll Free: 1-888-224-9641, e-mail: cashnowcorp@cashnow.com, http://www.cashnow.com http://www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved
Good Afternoon,
Patience did payoff on this issue.
Definitely an awesome run today..
I'm out at .0008.
I alerted my members on IMJX at 250 O/S and watched it go to 1 billion O/S and listened to all the whinners..Now you have had your day and hope you have taken profits.
The company has maxed out on the A/S.
This issue you may want to hold Free shares.
This is my next pick "CHNW" and I have targeted this well over a penny and could go to .10 - .25 before the end of the year.Actually people I'm counting on it..
This is one awesome company
My Forum has all the DD and this issue has a low O/S (350m) and the company is buying back shares.
Have a good day
Varok
Good Morning,
The stock is building as we go..This morning a strong open on volume and all buys at the ask of .0035..All 4 mm on the bid are sitting now at .0025 with 5 mm and 3 at .004 on the ask moved up.
I have also addressed the news releases this morning with the company..It appears that PRs are not getting to main financial websites and brokerage houses..I've recommended to the company that they use Businesswire.com..Their current subscriber is M2.com out of the UK and appears is only targeted to certain key markets..They will look into this.
I expect us this week to break .005 by Friday..This company is definitely heading above pennies..The new setup I have recommended for news releases will certainly gave us the exposure which now is very limited..
The company continues to buyback program and with current revenue the need to sell shares will probably not be a factor.
If you noticed in your DD the filings of the Audit report has been made this past May and the current quarterly financials will be made public..
The company is on track to be fully compliant and this as well will go a long way towards shareholders equity.
At the current prospect and all what the company has going for it,I can only surmize that we will be a major player in the lending market..
There is a very good chance that this issue could be trading in the .10 to .25 range before the end of the year.Many factors will determine this and one is the current O/S that connot be to much higher..The other is filing the financials and that is currently being worked on..
For us shareholders,this is a ground floor opportunity at these levels..We have all encountered losses from other issues and in my opinion this issue CHNW can give you back these losses and then some..Take advantage and role into the holiday season with a winner and make 2007 a great start.
Have a good day.
http://www.waydago.com/messageforum/
Varok
Hi ddwalker,
Nice post..I agree on the merits that this company is better situated for revenue growth thus increasing shareholder value.
However,the company came out of a reverse in 2004 and as many companies that do,carry a a high price per share and many settle back,as it did here,but not a problem considering where they are now.
On your #2..No I don't think that the move from Florida and the hurricanes was the reason for share value decline..As stated above this happens out of reverse in many cases and the programs that the company laid out was paid in part through shares for services rendered..These software programers are selling on the market to get back their operating cost..This was explained on formulating their IT software..I believe this to end very soon..As well,The company is primarily an overseas entity,UK and Austrialia and Canada..The move to Florida is their attempt for USA market and their business model required a office in the USA.
On #3..No,these trades are being bought by folks like us..These trades are small and hedgefunds mostly operate offshore will likely rely on the manipulation of naked shorting and because our float and just volume alone being so low, probably isn't that involved..At least not yet..If it is it is on a small scale as just mentioned,but institutions are not interested yet..They may be looking,but the company has to do much in the way of filings and increase share price for these to get onboard.
I agree that we will see pennies in the coming weeks and as long and in my opinion that the O/S stay at these levels, we will be on something big with respect to share price.I think the company has the same intentions.
When a company like this lends money in various lending models and today's PR is the same as the famed "Lending Tree" I'm sure this company will have their books in order and is looking for higher caliber standing..
Thanks again.
Have a good day
Varok
I happen to bring that up..They will look into it..They publish through MM2.com and they feel it works because of the worldwide reach and is targeted in countries they are in and future expansion.
Yes it does and has pennies written all over it..It will happen real soon.
Have a good day
Varok
NEWS !!!
Cash Now Corporation (Symbol: CHNW): Cash Now (CHNW) Announces The Purchase And The Launch Of The Loan Consultant.Com Site
via COMTEX
October 17, 2006
FORT LAUDERDALE, FL, Oct 17, 2006 (M2 PRESSWIRE via COMTEX News Network) --
Cash Now Corporation (CHNW.PK) www.cashnow.com today announced the launch of it's www.loanconsultant.com site. The www.loanconsultant.com site is being marketed to business minded people and entrepreneurs in the mortgage and finance industry who wish to utilize the backoffice developed by the company. The Cash Next site or www.cashnext.com is geared towards the consumers applying for business loans, mortgages and general credit facilities. The Loan Consultant name says it all exclaims Mr. Garr Winter Cash Now's marketing director. It accurately describes what the product does and the services offered. The domain name because of it's name uniqueness receives a high volume of first time visitors already through search engines such as Yahoo and Google according to the company tracking stats. The company plans on running a national advertising campaign in the months of November and December 2006 for underwriters and loan processors who will have the freedom of working from home utilizing the back office technology of the Cash Next system. In addition the company plans on initially hiring several sales representatives and is expecting to begin generating revenue from the Cash Next and Loan Consultant sites and operations in the first quarter of 2007.
ABOUT CASH NOW
Cash Now Corporation (CHNW.PK), a pioneer in the Internet payday loan, and check cashing industry is developing the most comprehensive menu of services in the cash advance industry, all centered on the Cash Now brand. For instance, the Cash Next Super Broker concept is taking North America by storm! Our team of highly qualified financial executives know what works, and what it takes to place your loan request! Cash Next is backed by a highly experienced team, delivering blue chip solutions for businesses, and consumers. The company's proven business model includes licensing to corporately operated joint venture locations across the U.S., Canada, Australia, and UK. Cash Now offers a Payday Loan License program, Payday Express; a Payday Loan and Check Cashing License known as Check Express and an Authorized Agent Program for existing retail establishments; as well as a host of related financial services for small and medium-size businesses that includes the Cash Next broker program. Cash Now with its web based and focused outlook has won the Golden Web award in 2001, 2002, 2003 and 2005. In 2005 Profit Guide magazine ranked the Cash Now Group 10th in its list of the 50 fastest growing and most promising emerging companies. In 2005 Cash Now was ranked # 44 out of top 1000 fastest growing franchising companies by Entrepreneur guide.
CONTACT: Kevin Price, Cash Now Corporation Tel: +1 888 224 9641 e-mail: cashnowcorp@cashnow.com WWW: http://www.cashnow.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
If you have been watching level II it clearly indicates that shares are in short supply..Trades are going through in small volume..
If you mms want shares just raise the bid..I'm sure somebody will let you have them..I'm not selling until above a penny and probably well above that..
In my opinion this is about to blow and all it takes is one super pr.
Hi evil,
No problem need to keep info accurate..
Also expect a pr today..Content unknown..Appears the company has prs lined up like boxcars..lol
This is going to be one exciting issue.
Have a good day
Varok
Hi Folks,
I was on the phone with the company just now and this is incorrect.
The correct count is below..
A/S 550 million
O/S 350 million
Float 150 million
Have a good day
Varok
Thumbs
As of 10/13
550 A/S
350 O/S
150 Float
Company has been buying back shares so this may be lower.
Have a good day
Varok
Hi Dolphy,
I'm not surprised and I've been doing this a long time..
It really doesn't matter on news this or that..MMs don't follow news..This venue is a manipulated arena where the MMs control the game..
You predication is correct and I will say that we will probably see .005 by the end of the week..
You say why? Well it's all in the pressure..Today's trading was evident of this.
See when the MMs get in to their trading desks in the morning they will see buys and sells stacking up,but when it dries up they will do what they always do and put pressure on the bid..If the buying is heavy they will continue to raise the bid and ask accordingly..At times,what is called a headfake,is when volume precedes expectation and they have no recourse but let it go,but have the need to let it settle back and this usually occurs between 10:30Am and 11.30Am,give or take..This usually happens on great news and volume goes through the roof.Keep in mind they make it on the spread so it doesn't matter to them..If they are short and need to cover then they will allow a run until they see the volume dropping off and then the real game begins when they target the bid and drop it to a point that just scares the hell of newbies that continue to hold,but day traders and flippers are gone..Now,you are part and belong with one of the many bagholders.
It really is more involved than this,but you get the point.
Also never buy at the open..Wait at least a half hour to see which way it goes,but it can continue,but all issues will drop back..
This venue is taken up by professional traders and flippers that only care about profit in terms of % and result in a major shift.
Welcome to the pinks.
Have a good day
varok
Hi fresno,
So have I and .003 is my average.
Have a good day
Varok
Good Afternoon,
Things are building quite nicely with respect to MMs.
Great PR and as the company stated for USA entry "our vigorous and aggressive marketing campaign into both Canada and USA markets will give us a competitive edge".
Just watch this issue explode.
Notice the buys .003 all in red and small trades..Shares are hard to get and in short supply..I've been adding at this level and will continue.
We will see pennies and I believe it will happen very shortly..
Sell your losers and buy this issue and expect gains of 300% to 700%.
Have a good day
Varok
Notice the trades are mirror trades..Good indication..
Finally!!
The MMs are building on the ask..For this issue to move we need MM buildup and it's starting.
It's as well nice to see only 2 mm on the bid..There are just no sellers and buyers are getting broken trades.No shares available..
We're looking good here folks.
See you above in pennies...I expect this to happen SOON!!!!
Have a good day
Varok
Good Morning (Saturday)
This past week I have recommended CHNW to our members.
What I find unique about this issue is the business model that can really make a difference in generating revenue and share price.
I normally don't consider revenue a huge issue with respect to pinksheet stocks. The share structure always out paces what can result in a decent market cap through a lacking share price and never seems to gain in shareholder value other than a run that lasts a few days.
CHNW has a very reasonable O/S (350m) and the company is wanting to lower this via a buyback that is currently underway.Yes they are buying back shares..This is rare in pinksheet issues that a company even considers a buyback at these levels..So,you have a company that can potentially generate huge revenue and with a lower O/S can only result in higher share price.
This buyback only leads me to believe the company is eying for a higher exchange and would like to bring in institutions and is presently working to gain in shareholder value.
The trading in the last few days denotes at the close a huge buy of one trade of 5million or more..The spread between the bid and ask is not tight and only leads me to think that there is a certain amount of covering..The current price is the bottom and is a great entry..I think we are on the verge of a major shift to the upside and this could very easy move into pennies.At the current price our market cap is 1,000,000...When you consider the business model and this issue is worldwide in lending and instant cash centers makes for a huge projection for revenue..Just 5 million in revenue can give us a share price .015 and if the company continues to buyback shares will only cause a squeeze on shorty..As well,the company has received the NOBO list idea and would definitely go a long way if they implement.
We cannot control NSS which is very prevailing in this market,but with the current buyback and if the NOBO list gets attention this certainly will gain in major shareholder value..Dilution is always a major problem and this issue appears not party to this and the buyback is evident of that.
Now don't take this part very serious,but it's just for fun..Take a look at this website and link on it and view what they predict for this issue in the coming week and forward.
http://www.stocktargets.com/cgi-bin/ticker.pl?command=chnw.pk
Have a good day
Varok
My sentiments exactly.
Higher exchange will happen.
Have a good day
Varok
Good Afternoon,
CHNW share structure update
550 A/S
350 O/S
150 Float
These are the numbers as of today.
Expect more prs next week.
I'm really optimistic about the revenue generating business for this company.It will go a long way in share price.
350m x .003 = current Market Cap of 1,050,000
In my opinion undervalued.
I'm adding today..
Have a good day
Varok
Folks I've been follow this one for the last week and I like what I read.
I have entered my first buy today at and around .003 which is now my average.
In my opinion and reason for my entry today was the company had a intermediate run that has now settled back and feel today's range was an opportunity for buying.
Have a good day
http://www.waydago.com/messageforum/
Varok
I just can't believe some of the posters on this thread anymore.
All I read now is whinning and carping because the price is not where you all want it to be..
We try to post that the O/S is the same and hasn't changed,but we continue to get negative comments from some of you that it is dilution..
You fail to understand the real root of the problem and much of what we experienced is MM manipulation.
Company releases a decent PR and you all still are not happy.
It's obvious many of you have positioned yourself in this issue with investment capital retraints.
The company is not obligated to satisfy ROI on your timeline.
Yes I didn't like the silence from the company,but today they have answered many of our requests and you still complain.
That's it for me on this thread folks..
Have a good day
Varok
Folks!!
No Changes on the O/S today 10-11.
Numbers the same as yesterday.
Have a good day
Varok
Wrong!!
This is an indication that unexpected news today caused a major shift in buys which put pressure on them with many entries at .0005..The MMs didn't want to show once again that they were under pressure..They were in cover mode and in my opinion why they took it down.
These are makeup balancing trades which would normally show during the day,but pressure and fear that it would go higher thus covering at a much higher position.So they fooled us once again and took it down.
Have a good day
Varok
Just curious?? Anybody been able to get shares at .0004? So far I'm not getting filled..
Well that would be so nice,but I will take .005 to start with.lol
Yes that seems about right..Most of us are online traders thus keeping our shares in street name.Ameritrade,etrade,scot etc.
Yeah I remember that and just went nowhere..