status is none of yer' damn business!! :-)
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They are def. stopping any run for AEZS. Any decent pop and they sell into it. May not see a move until they are done selling all shares. Sucks they are doing this with ASCO coming up.
Sounds like a load of BS to me. Why the hell would they enter letters like "B" and "M" instead of the numeric value when selling or buying shares?
SNSS - Price target going into ASCO? Maybe 2 bucks?
Take advantage of this dip if you can is all I can say.
Nice finish on SNSS today.
very nice finish today
waiting on it
About freaking time AF gets called out for his BS.
much appreciated
been trying to find out some info myself on this one. Can;t seem to find when approval date is scheduled. Anyone here know?
that's more like it :)
Anyone know anything about IPCI?
Thanks.
Only 80%?
Thanks, but I did decide to touch it for a bit in the .90's. Not too bad.
APPA opinions. Maybe get a few here and see how the FDA meeting goes, possibly get fast tracked?
Much appreciated. Will wait and see what comes of the meeting with the FDA and how they view the amendments.
Can someone post notes on the conference call for those of us who cannot listen? Would be much appreciated!
Have to wait for the news to find that out.
Much appreciated.
When is approval scheduled. Just starting DD here. THX.
What you guys think about CVM?
Don't you think that the mere mention of FDA and the fast tracking of the LEAPS treatment would have prompted an immediate SEC investigation if it wasn't true?
Share Structure for EXPU:
Outstanding Shares
31,000,000 as of June 2, 2009
Authorized Shares
100,000,000 as of Jan 9, 2009
Float
8,900,000 as of June 2, 2009
Share Structure for EXPU:
Outstanding Shares
31,000,000 as of June 2, 2009
Authorized Shares
100,000,000 as of Jan 9, 2009
Float
8,900,000 as of June 2, 2009
Keep your eye on this one... EXPU has benefitted from the tax credits designed to increase home ownership, low mortgage rates and the ability to help borrowers modify and improve their credit scores. These events have created a “perfect storm” for Expert – in the most positive sense!
Afternoon!!!
EXPU has benefitted from the tax credits designed to increase home ownership, low mortgage rates and the ability to help borrowers modify and improve their credit scores. These events have created a “perfect storm” for Expert – in the most positive sense!
EXPU - Expert Group, Inc. Implements New FHA Condo Lending in South Florida
MIAMI, FL--(Marketwire - June 30, 2009) - Expert Group, Inc. (PINKSHEETS: EXPU) is pleased to announce the great news coming from FHA about FHA Condo loans. As we already know, South Florida is one of the largest markets for condominiums in the U.S.A. As of this week, there are a combined 49,746 condos and town houses on the resale market in the tri-county South Florida region, stretching from West Palm Beach to downtown Miami. That's down from 51,581 about a month ago.
The approval from the Federal Housing Administration, means potential buyers can more easily qualify for a low-down-payment mortgage backed by the FHA -- a highly coveted amenity in this era of tight credit.
Typically, it can take months for the FHA to approve a mortgage on a condo, Fannie Mae and Freddie Mac, the government-controlled mortgage companies, have put in place even tighter guidelines for making condo mortgages. And without government backing, private lenders that offer mortgages for condos require large down payments of 30% or more. But if a building has FHA approval, the borrower can get a mortgage in as little as two weeks. In addition, the buyer can get a down payment as low as 3.5%. (The FHA doesn't make loans but insures lenders against losses on those loans.)
The FHA's growing appeal among developers represents a drastic turnaround from just a few years ago, when condos sold so quickly that few developers bothered with the FHA's time-consuming application process. These days, however, condos are the weakest segment of the housing market. Condo sales in April fell 12.5% from a year ago, compared with a 3.6% decline in sales for single-family homes, according to the National Association of Realtors.
At the end of April, the U.S. had enough condos to absorb 15 months of demand, according to the National Association of Realtors.
In order for mortgage to be eligible for backing, the FHA requires 51% of units to be sold. While Fannie and Freddie have boosted their requirement to 70%, an FHA official said the agency is open to lowering its threshold out of concern that tighter financing could push the sector into a downward spiral.
More buildings also are eligible for FHA approval after Congress last year boosted loan limits to $417,000 across the country and as high as $729,750 in the most expensive markets. About one-third of all first mortgages are now being originated through the FHA, up from about 2% in 2006. Much of that share has come in markets that were previously shut out by lower loan limits.
Condo buyers also are finding FHA loans may be more affordable, particularly for borrowers with lower credit scores or smaller down payments. In April, Fannie and Freddie began requiring condo buyers without a 25% down payment to pay closing-cost fees equal to 0.75% of their loans, regardless of the borrower's credit score. The FHA, by contrast, doesn't charge higher rates on borrowers who make smaller down payments.
Robert Rico states, "This is huge news for Expert Financing. South Florida is one of the biggest condo markets in the country. We now can market to this multi million dollar Market in our back yard. For the last 2 years, our business has been mainly single family and commercial. We have shied away from condos to do the heavy regulation from our lenders. We will begin immediately a marketing campaign throughout South Florida."
I agree. - EXPU announced the company has generated over $4.7 million dollars in originations for the month of May 2009, with a net income of approximately $100,000.00.
Expert Group, Inc. (EXPU) announced the company has generated over $4.7 million dollars in originations for the month of May 2009, with a net income of approximately $100,000.00.
EXPU - Expert Group, Inc. Implements New FHA Condo Lending in South Florida
MIAMI, FL--(Marketwire - June 30, 2009) - Expert Group, Inc. (PINKSHEETS: EXPU) is pleased to announce the great news coming from FHA about FHA Condo loans. As we already know, South Florida is one of the largest markets for condominiums in the U.S.A. As of this week, there are a combined 49,746 condos and town houses on the resale market in the tri-county South Florida region, stretching from West Palm Beach to downtown Miami. That's down from 51,581 about a month ago.
The approval from the Federal Housing Administration, means potential buyers can more easily qualify for a low-down-payment mortgage backed by the FHA -- a highly coveted amenity in this era of tight credit.
Typically, it can take months for the FHA to approve a mortgage on a condo, Fannie Mae and Freddie Mac, the government-controlled mortgage companies, have put in place even tighter guidelines for making condo mortgages. And without government backing, private lenders that offer mortgages for condos require large down payments of 30% or more. But if a building has FHA approval, the borrower can get a mortgage in as little as two weeks. In addition, the buyer can get a down payment as low as 3.5%. (The FHA doesn't make loans but insures lenders against losses on those loans.)
The FHA's growing appeal among developers represents a drastic turnaround from just a few years ago, when condos sold so quickly that few developers bothered with the FHA's time-consuming application process. These days, however, condos are the weakest segment of the housing market. Condo sales in April fell 12.5% from a year ago, compared with a 3.6% decline in sales for single-family homes, according to the National Association of Realtors.
At the end of April, the U.S. had enough condos to absorb 15 months of demand, according to the National Association of Realtors.
In order for mortgage to be eligible for backing, the FHA requires 51% of units to be sold. While Fannie and Freddie have boosted their requirement to 70%, an FHA official said the agency is open to lowering its threshold out of concern that tighter financing could push the sector into a downward spiral.
More buildings also are eligible for FHA approval after Congress last year boosted loan limits to $417,000 across the country and as high as $729,750 in the most expensive markets. About one-third of all first mortgages are now being originated through the FHA, up from about 2% in 2006. Much of that share has come in markets that were previously shut out by lower loan limits.
Condo buyers also are finding FHA loans may be more affordable, particularly for borrowers with lower credit scores or smaller down payments. In April, Fannie and Freddie began requiring condo buyers without a 25% down payment to pay closing-cost fees equal to 0.75% of their loans, regardless of the borrower's credit score. The FHA, by contrast, doesn't charge higher rates on borrowers who make smaller down payments.
Robert Rico states, "This is huge news for Expert Financing. South Florida is one of the biggest condo markets in the country. We now can market to this multi million dollar Market in our back yard. For the last 2 years, our business has been mainly single family and commercial. We have shied away from condos to do the heavy regulation from our lenders. We will begin immediately a marketing campaign throughout South Florida."
Sure is, expansion to more locations and reduction in the SS means they are serious about moving forward as a respectable company IMO.
News would be good!!!
Sure are, especially with the plan of opening 4 more locations. Mr. Figueroa should be able to helop with that and trainingn the new employees needed for the new locations from his past exp.
Ineed, I think they made a very smart move bringing on someone with Mr. Figueroa exp.
LOL, I tell you what. I wish more companies would dilute like this.
MIAMI, FL, Jun 19, 2009 (MARKETWIRE via COMTEX) -- Expert Group, Inc. (PINKSHEETS: EXPU) is pleased to announce that the company has refiled with the state of Nevada to reduce its Authorize to 100,000,000 (One hundred million). The change will become effective within 1 (one) week.
The Company's Corporate Structure is:
100 Million Authorized
32 Million Issued
And a Float of Approximately 10 Million
Here is the Share Structure for EXPU:
Outstanding Shares
31,000,000 as of June 2, 2009
Authorized Shares
100,000,000 as of Jan 9, 2009
Float
8,900,000 as of June 2, 2009
EXPU refiled with the state of Nevada to reduce its Authorize to 100,000,000.
Company's Corporate Structure is:
100 Million Authorized
32 Million Issued
And a Float of Approximately 10 Million
The Company's Board restates that there will be NO reverse or forward split of any sort in 2009.
Robert Rico (C.E.O.) states, "We are fully committed in branding Expert as a household name for all of your residential and commercial lending needs. We have expanded our processing department to be able to facilitate the increase in applications. Our plan to increase retail mortgage application is:
"Expand our services by opening multiple locations primarily in Miami-Dade County; such locations will be a community bank type of storefront in highly populated areas. We plan to open 4 new locations and expand to over 400 originators. In today's market place, there is a great environment to create an infrastructure to be the leader in retail mortgage lending, taking the opportunity created by the government's assistance to banks with funds to make loans more readily available. Expert is working on creating the proper scenario to brand itself as the 'go-to firm for all your real estate lending needs.'"
EXPU - New President of Sales - Andrew Figueroa. Former US Navy Specialist and Veteran Loan originator, Andrew has originated over 100 Million dollars in mortgages in his career. Mr. Figueroa brings over a decade of sales training and Management experience to Expert Group. With our aggressive growth strategy, Andrew's professionalism and experience allows Expert to forge ahead with our expansions.
Mr. Figueroa will be responsible for recruitment and training originators, coordinating weekly sales meetings, distributing our abundance of leads, and expanding our Realtor relationship programs. He will also be instrumental in implementing our lender presentations to our originators, execute Expert's marketing efforts and will actualize our involvement in borrower education events.
Andrew Figueroa is proud to state, "With my wealth of experience and success, I fortunately had the opportunity to work for a much larger and established company. However, after meeting with Robert Rico and learning about Expert Group and Robert's vision for growth, I felt I had to take this excellent growth opportunity. I share in Robert's vision for the future of Expert Group, Inc. and I see the unique advantage they have to become a National Mortgage Company. I believe Robert has surrounded himself with a wonderful and professional staff and I am excited to become a part of the team."
Before joining Expert Group, Inc. he held Manager Position for 1st Continental Mortgage where he was responsible for the day to day operations. Training, the originators, lead management and evaluation of loan process from start to finish. Mr. Figueroa holds Bachelor's in Organizational Leadership from Chapman University in Orange, California.
Robert Rico states, "Effective Immediately Andrew has joined the Expert Family Mr. Figueroa will assist in our expansion plan of opening new offices and recruiting new originators. He is our new President of Sales and will implement an aggressive growth strategy. I am enthralled that Andrew Figueroa has agreed to become our new President of Sales."