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CBRP $409 million value and 180 million shares...$2.27 pps
HUGEEEE!
Cambridge Resources Releases Completed Independent Evaluation of the American Pride Energy Properties; Valued at USD $409 Million
Mar 5, 2007 3:40:00 PM
NEW YORK, NY -- (MARKET WIRE) -- 03/05/07 -- Cambridge Resources Corporation (PINKSHEETS: CBRP) (FRANKFURT: M3F) released the completed independent evaluation report by G.A. Engineering with total value of USD $409 million.
According to the independent report, the value determined is based on the probable and recoverable reserves as well as current production and the fair market value of the equipment. The independent report evaluated the following American Pride Energy properties:
-- McGary Adams
-- Jack McLain
-- Sacred Heart Parrish
-- Peak Clements
-- Asher
-- Dixon: (data not complete and not included in the report)
-- Pain Creek
-- Benoist
-- McClosky
-- Rosiclare
-- Kansas Gas Properties (data not complete and not included in the
report)
-- TOTAL EVALUATION: USD $409,011,819
The independent report does not currently include the Dixon property nor does it include the Kansas Gas properties. A revised report will be issued to reflect all properties once the data on the Dixon and the Kansas gas properties are completed and analyzed.
"The independent evaluation on the American Pride Energy Properties is beyond our expectation. The preliminary report only accounted for a few elements, but now with the completed report, we are well on our way to developing our properties," said Mr. Felitsky, President and CEO of Cambridge Resources Corporation. "Now it is our turn and that of our team of experienced professionals to assure that value on the report is transformed into value in the hands of our shareholders," further added Mr. Felitsky.
About Cambridge Resources
Cambridge Resources Corp. is a junior oil and gas producer located in Kansas City and its properties have an estimated 5,000,000 barrels in recoverable reserves, and once the required financing is concluded, the company expects production to grow to 182,500 barrels of oil per year and 219,000 MCF of gas per year. The company projects to generate approximately USD $40 million in Revenue and USD $32 million in Profit within the next 5 years and further exceed these projections with the acquisition of further proven reserves in North America and around the world.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact:
Alex Barta
514-991-2272
abarta@cambridgeresourcescorp.com
I agree...I'll believe it when I see it...and maybe not even
then!
CBRP could explode with tomorrow's news!!!
CBRP bid building and volume picking up...will go soon!!
Bid building at .05
CBRP...gettin' ready!!
CBRP getting ready to run!
Yes...what makes you think this will be a repeat???
When will the squeeze start?? What is the trigger price??
What a maroon...
Cash Now Provides Update on Corporate Activity
Wednesday February 28, 1:34 pm ET
LAS VEGAS, Feb. 28 /PRNewswire-FirstCall/ - As previously reported on February 9th, Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now) is in the process of changing its corporate name to Esprit Financial Group Inc. The corporate transfer agent has advised management that the name change and new CUSIP number should become effective on or about March 15th, 2007.
ADVERTISEMENT
The State of Nevada can levy fees up to a maximum of $35,000.00 to recapitalize a corporation, plus additional fees for other amendments to the Corporation's charter. However, multiple changes can be accomplished at the same time for a single fee.
In light of these changes, the Corporation has also applied for an increase to its Authorized share capital, to 11 billion from the current 5 billion shares. This does not directly increase the public float, or total number of shares currently outstanding.
CEO Garr Winters notes; "It is financially prudent to make this additional change in the amount of authorized stock concurrent with the corporate name change. We have previously announced our intent to acquire additional financial service companies in line with our corporate objectives, and this will allow the Company to fund future acquisitions partly or entirely with stock. We are confident as we pursue these acquisitions, we will continue to add significant value to the Company on behalf of our shareholders, such as the impending launch of our Forex trading service.
Winters added "I would also want to clarify that further to our announcement of February 27th, compensation of both Richard Sciacchetano and myself will be made in the form of restricted class 144 stock in lieu of salary. As noted at that time, the amount of stock issued will be commensurate with the achievement of business milestones and performance of the corporation. As such, senior management will be very focused on creating long-term value for our shareholders, particularly in light of the fact that our compensation will be directly affected by the long-term performance of the Company and its stock value".
Finally, Winters noted that: "We are very excited about the impending launch of our Forex service, and we will continue to keep our shareholders apprised of other significant developments as we progress toward closing other new significant business opportunities".
About Cash Now
Duh.....
Yawn....
Thanks!!
Someone slap that ask!!!
I agree...I am very dubious that the post was actually written by TM
Afew minutes ago it was 12 MIL!!
.11x.15
.07x.25
Neither is Alphatrade! WTF???
From another poster on another IHUB board:
DANS DD From ICON...
I called ICON at 212-730-0030 and spoke to a lady by the name of Karen to inquiry about the ICON and DANS deal. Karen informed me that the person who is responsible for the deal is a guy by the name of Joseph Teklits out of Connecticut whom works under their section called Integrated Corporate Relations. She gave me his email and the phone number of 203-682-8258 to call him. I got through the second time around.
I ask him about the deal being a buyout. I told him that I don’t see the deal as be a buyout, but instead as if ICON was just buying their product, being the intellectual property, which means that DANS would not merge into them or cease to exist, but instead enjoy the huge purchase because it would be listed as Revenues on the Balance Sheet of DANS. I stated that this would help them out tremendously and he agreed. Although he said that he did not know exactly what their total debt was, he agreed that this should help get them out of any debt and some extra because it will be listed as Revenues on their Balance Sheet.
I asked him about the outstanding shares (OS) for DANS. I asked him if it was still unchanged from their last SEC filing of 68,948,000 shares. Joseph stated that their OS is still the same and that he expects for it to remain the same.
He informed me that the $70 million will be cash and that the contingent payment for $15 million would probably be in stock. He said that DANS can either exchange the stock for cash to give the $15 million to its shareholders or give the $15 million worth of ICON stock to us DANS shareholders as a stock dividend. He stated that such would be up to the company.
Consider this from DANS as a worse case scenario assuming they had half of the cash being given to them as debt; $35 million.
(Revenues – Expenses) ÷ OS = EPS
($70,000,000 - $35,000,000) ÷ 68,948,000 = EPS
$35,000,000 ÷ 68,948,000 = EPS
.5076 = EPS
With using an extremely conservative PE Ratio of 12 and we can easily be fundamentally trading at:
.5076 x 12 = $6.91
Now keep in mind that the above share price guestination is only taking under consideration the $70 million and the the $15 million contingent payment to be given to us in either cash or shares of ICON.
From another IHUB board:
DANS DD From ICON...
I called ICON at 212-730-0030 and spoke to a lady by the name of Karen to inquiry about the ICON and DANS deal. Karen informed me that the person who is responsible for the deal is a guy by the name of Joseph Teklits out of Connecticut whom works under their section called Integrated Corporate Relations. She gave me his email and the phone number of 203-682-8258 to call him. I got through the second time around.
I ask him about the deal being a buyout. I told him that I don’t see the deal as be a buyout, but instead as if ICON was just buying their product, being the intellectual property, which means that DANS would not merge into them or cease to exist, but instead enjoy the huge purchase because it would be listed as Revenues on the Balance Sheet of DANS. I stated that this would help them out tremendously and he agreed. Although he said that he did not know exactly what their total debt was, he agreed that this should help get them out of any debt and some extra because it will be listed as Revenues on their Balance Sheet.
I asked him about the outstanding shares (OS) for DANS. I asked him if it was still unchanged from their last SEC filing of 68,948,000 shares. Joseph stated that their OS is still the same and that he expects for it to remain the same.
He informed me that the $70 million will be cash and that the contingent payment for $15 million would probably be in stock. He said that DANS can either exchange the stock for cash to give the $15 million to its shareholders or give the $15 million worth of ICON stock to us DANS shareholders as a stock dividend. He stated that such would be up to the company.
Consider this from DANS as a worse case scenario assuming they had half of the cash being given to them as debt; $35 million.
(Revenues – Expenses) ÷ OS = EPS
($70,000,000 - $35,000,000) ÷ 68,948,000 = EPS
$35,000,000 ÷ 68,948,000 = EPS
.5076 = EPS
With using an extremely conservative PE Ratio of 12 and we can easily be fundamentally trading at:
.5076 x 12 = $6.91
Now keep in mind that the above share price guestination is only taking under consideration the $70 million and the the $15 million contingent payment to be given to us in either cash or shares of ICON.
.14x.18 2x2 no trades in over 20 mins...bad day today
.20x.25 gapping down
.22x.29 is the realtime Alphatrade L2
.22x.29 1x2 May not gap at all
DANS...ask getting POUNDED
DANS O/S 68,000,000 Float about 1/2 that...with $70 mil buyout this should hit $1.00 easily
Yep...HUGEEEEE POS
Yep...what morons are selling at .0001???
What's the news?? Alphatrade shows no news at all...
CCNG Running into EOD .001x.0011
.0001x.0002 6x2
Printing 3's again. Got a few million at 2
GDKI...good volume today...hearing big things soon
Check out GDKI .14 now hearing big things soon...FWIW
Look to bounce off of .0008
Glad I loaded the boat yesterday at .0006!!!
.0008x.0009 2x1