Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You've kind of hit on some of the things that we haven't quite figured out, we're still working on the DD together. Checking if we can find any pattern in the way HCPC has done things in the past and how they might handle coming events...
I have the same. If this is as good as they say, it should be enough.
With the audit, HCPC will be showing that they are for real. Who wants an audit...unless you already know what its going to say. IMO it could help solidify there position in this market.
The part about using interest that is generated monthly to use for buybacks?
Yes, The state ID number is the same and the address is the same.
Must be patient, must be patient....
Doesn't all the paperwork have to go through HCPC? That means revenues to me.
IMO, a new way of doing their business. A niche no one else has.
The audit, a tease of an interview with Carol and now reverse merger RELM into MERL?
My head is spinning, what a Friday!
Will it all come together?
MERL is ...MRLE
RELM is not currently traded.
I can't wait to see what Monday brings!!!
Web based? Could that mean structured for.....residential?
Who's going to start a MRLE board?
The audit should help with uplisting I would think. Everybody over at W 9th St. knows what everybody elses financials are.
Merge before uplist or uplist before merge?
Twelve more days to get shares at .0001!
If you don't got'em, buy'em.
ITW Illinois Tool Works
They were short-term investors for 1300 Market with GE Capital
IHOB, is that a ticker symbol?
The info I've seen shows loan closings from 1995 when they merged with the Florida Heritage Capital Credit Corp.
I agree. I think the buyback was ongoing (the 500k lots that we saw), their lease is up at 200 9th St. so they have to move. Might as well buy a building (218 9th St?) to hold all of our subsidiaries. Make the consolidation/building purchase through a small increase in shares and have the pain over all at once. They cleared their plate for growth. IMO...
DD it's dinner menu and wine list, because we're going to be eating there one day!
Wouldn't the OS have to increase to allow for conversion of preferred shares? Wouldn't that "take some off the table"?
Loss Per Common Share:
The Company has adopted Financial Accounting Standards Board (FASB) Statement No. 128, "Earnings per Share". The Statement establishes standards for computing and presenting earnings per share (EPS). It replaced the presentation of primary EPS with a presentation of basic EPS and also requires dual presentation of basic and diluted EPS on the face of the income statement. The statement was retroactively applied to the prior loss per share but did not have any effect. Basic loss per share was computed by dividing the Company's net loss by the weighted average number of common shares outstanding during the period. There is no presentation of diluted loss per share as the effect of common stock options, warrants and convertible debt amount are anti-dilutive.
I think this is going just the way "ole" Rick is wanting it to go...
Richard "Rick" L. Razzeca,
Vice President, Capital Markets
In this position, Mr. Razzeca oversees the relationships with Capital Markets Consultants; Institutional Investors, Market Makers and Vendors.
If the preferred shares are issued, then converted to dollars worth of common, wouldn't that be taking shares out of the OS? And if so, wouldn't that be a buyback in a non-buyback sort of way? That way it wouldn't damage the share structure?
Well said!!
It looks to me like they're building their corporate base.
Another great post for us to build on.
This post is one of the reasons new investors climb on board with this stock. Full, clear explanations of HCPC product, it's structure and it's intent. How can an investor not see the value of this/these companies!
Great post...again!
This just filed by Mr. Beebe...
http://www.secinfo.com/d1Aad2.te.htm
Don't know if this is bad or good.
So RELM, a sister company of Heritage, holds (owns) 1300 Market Street as well as Grand Sierra Resort!
Incredible...
What, another night of incredible DD? Absolutely!!
Hats off to you guys!
I find this address for them but haven't confirmed it as new.
218 West 9th Street, Wilmington, DE 19801
It's down the street from their other address.
Is any of this new? Or are all the loans put together in a more concise manner, easier for people to read. I know about the hotel but just haven't added everything up I guess.
RELM’s has signed a purchase contract to acquire a 68,000 square foot office building, and signed a letter of intent to acquire a 27-story 1995 room hotel which is conditioned upon financing. Both projects have received letters of interest for financing totaling [$585,000,000] from a commonly controlled company, and an independent third part lender providing up to [$175,500,000] in short term financing. RELM has received a Letter of Interest from a commonly controlled company for approximately $1 billion in long term financing over the next 12 months to fund acquisitions.
Well folks , my order for 2.3m got filled at .0003. I've done my part.
Totally....like I'm adding...like in the AM, you know...
dude...
About employees-
First Independent Financial has all the employees it needs:
First Equity Growth Trust ("FEGT")
Heritage Capital Credit Corporation
Independent Capital Credit Corporation
Independent Capital Investment Corporation
Access Channel
Why load up a new venture, HCPC, with anybody other than what they need to get started. IMO consolidation of subsidiaries will happen after everybody gets their feet on the ground.
Thanks for the reminder no19one88, and thanks for the original post stervc.
Thanks for the follow-up. Helps me with my DD.
cash,
Here is what I've found regarding Mainsource:
http://www.marketwire.com/mw/release.do?id=826035
If you would, please verify that they are talking about the same company. They have the same symbol, FIFG, but spelled differently in the PR.
Yes, the list of companies owned by MainSource included banks. I'm sorry the story/link in my post has been pulled. I'll try to locate another source for the PR.
Dated 02/27/08:
MainSource Financial Group and First Independent Financial Group, Inc. Announce Definitive Agreement
http://app.quotemedia.com/quotetools/popups/story.jsp
Old info? I know First Independent owns Heritage:
http://firstifg.com/id10.html
More insight as to how these companies are going to fit together? MainSource is a holding company and owns "banks".