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JMCP Acquisitions corp is already part of JMCP trading symbol. The agreement also details where the extra 50 billion shares went, restricted I would think, to complete this agreement:
From merger agreement posted to Florida Sec State website, (guess they forgot to use spell check):
STOCK PURCHASE AND RECAPITALIZATION AGREEMENT
This Agreement this 30Lh day of March, 2007 by and
among JMCP
ACQUISITION CORP., a Florida corporation and wholly
owned subsidiaiy of Parent
(“Buyer”); JAMES MONROE CAPITAL CORP., a Delaware
corporation (“Parent”); and
WALES HOLDING CORPORATION., a Florida corporation (the
“Company”).
But Pr also said: "James Monroe Capital Corp. a 10 for 1 forward split of its common shares with a pay date of September 17, 2007."
Pr sems to say: JMCP Acquisitions corp ceo announces James Monroe common stock will fwd split.
It specified James Monroe Capital. So, It looke to be our public stock, not the acquisition corp. Checking for authorized changes should help on this question
Jim, I agree. Pink companies are clueless when performing splits and dividends, however their creativity in designing them continually amamzes me, like PAIM, for instance.
Thanks for the CSJJ info.
CSJJ pr sounded like they chose not to do a fwd split, rather than being forced not to do it. I do see DTC issues mentioned, but seems it may have been their choice ?
I see it was a much larger fwd, 150 to 1, and, was there a change in CEO during the period up to effective date ?
Coastal Holdings, Inc. (PINKSHEETS: CSJJ), today announced that it has cancelled the planned 150 for 1 forward split of the Company's common stock. Newly appointed CFO Yves C. Renaud recommended the cancellation to the Board of Directors, which was subsequently approved after analyzing Coastal Holdings' capital structure and the technical reasons provided by the Depository Trust Company (DTC). The Forward Split was deemed not to be in the best interests of the Company's shareholders.
How long ago was the one you spoke about, which was not allowed ? And, was it a pink, or OTC-BB ?
If not allowed, do you think it be done by issuing 9 extra dividend shares instead ?
Yes, Financials are 6 month, period ending 3/31/07. From Buzz website, period ending got dropped on newswire:
Buzz P&L
Unaudited, prepared by Weng Liu Accountant:
For the 6 Months Ended 30/6/07 in USD
Additional, new Buzz Update from website:
Buzz Updates
Next Friday Buzz will update the Market in relation to
1. Software Development
2. Hardware Development
3. Military Contracts
4. Infrastructure Contracts
5. New Developments
6. Corporate Contracts
This will be done along with the release of new features/products, there will be a PR however most of the information will be contained on site. Further Financial Information will also be released.
I really prefer this style of PR from GRCO. Direct, and to the point, without a lot of flowery language. I hope this style remains going forward.
Buzz Corporate Update - Factors relevant to the financial accounts
Buzz Technologies Inc. (Buzz) has seen a rapid growth in IT/infrastructure, contract and management work in which we have supplied hardware, construction, software and management. Regionally, demands for such services are high and Asian economies remain very strong. We have instigated an online registration process to build our distributorship network and expect this area to remain our prime income source for some time.
Our online presence is growing at the increased rate. Buzz now offers search, travel, shopping, games, communities, advertising and business services, VoIP and more. This constitutes our retail division.
Whilst it is uncommon for American companies to maintain such diverse interest in Asia it is the norm as seen in two of Hong Kong largest companies; Hutchison Whampoa Limited and Sun Hung Kai Properties. We intend to maintain this diversity, this will be well received by Hong Kong investors as we get closer to listing there in 2008.
Buzz has been very active in supplying services as a venture capitalist in Asia and will extend that to a global operation in the near future. We offer to take equity in projects in exchange for IT services in the project under acceptable conditions.
Posted by 12buzz at 7:01 AM in Buzz, Buzz
These Pink Sheet ratings mean little to me. The 3 main categories, Red, Yellow, and Green all equate to: no financials, unaudited, or for green, audited financials. The entire reason companies are on the Pinks is the exception from financial reporting, so it should be of no surprise that the vast majority have red stop signs.
As for the Black Caveot symbol, it seems to be used for non-reporting companies spammed, even if long ago, and even if done by outside sources. Then Pink sheets, an ego driven private for profit company, puts all types of financial demands on the company, to recover form the outside spam stigma, and to get the Black symbol changed.
Pink sheets is trying to push companies to a OTC-BB like level, the QX, where they have audited financials, but still avoid most Sarb-Ox costs. And Pink Sheets gets much bigger annual fees for this.
Just another creative game on the Pinks.
Good to see some progress. Perhaps these 2 directors have just purchased large blocks of restricted reg-d shares, and thereby were given board seats. Some fresh, outside energy should be very good for HCPC.
The current appointments of finance, and communications abilities will be helpful. HCPC mgmt seems to understand finance well, but they need to do a better job explaining what they do, and the progress they are making.
I Agree Oakleaf. This stock will only go up with real performance. But if they do perform, even the smallest amount, it will greatly exceed it's current $ 500,000 market cap.
I realize many who post here have been in this stock a long time, and bought at dramatically higher levels. I have other stocks where the same thing happened to me. All I can say is that risk-reward needs to be analyzed at today's price.
Big volume (fake) trade this morning, now deleted:
On some volume stats for today, I am seeing a 1,200,000 share trade this morning, but it now shows up as a deleted, T Trade in TradeStation, which provides very detailed time and sales data.
Along with 2 mirrior 145,000 share trades at exactly same price, probably passing same shares back and forth.
I think mm's are tyring to create fake volume, to get interest in the stock
JMCP new in process webpage link:
http://www.jmcpacquisitions.com-a.googlepages.com/home
JMCP News Story released today:
JMCP Corp.: JMCP Corp.: (Pink Sheet: JMCP) Re-issues Information on Stripper Wells.
Aug 02, 2007 (M2 PRESSWIRE via COMTEX) --
JMCP Corp. James Monroe Capital (JMCP) President Frank Love, is pleased to provide additional information on a Joint Venture for the enhanced oil recovery of Stripper Wells.
"We have signed this joint venture about a 3 months ago. The joint venture partner wants to remain anonymous for now since they are in the process of purchasing stripper wells for us to add our enhanced oil-recovery techniques so as to produce more oil from the existing wells. This should also produce immediate cash flow for James Monroe Capital.
The stripper wells, often known as marginal wells before 1960, often produce less than 10 barrels per day. However, they are economic necessity for the United States since they produce more than 17% of all the oil produced onshore in this country.
The existing mature oil fields that will be acquired and then the enhancement process added, will result in increased production ranging from 300% to 1000%. The portfolio of oil properties that can be acquired will provide ample opportunities for us to apply our techniques. We anticipate getting interest from other owners of stripper-wells once our success is documented.
I will be announcing details once the stripper wells have been acquired and our Joint Venture Partner gives us permission to reveal their identity".
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
CONTACT: Frank Love e-mail: frank.love@jmcpacquisitions.com WWW: http://www.jmcpacquisitions.com-a.googlepages.com/home
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)1994-2007 M2 COMMUNICATIONS LTD
How do you suggest we get out ? Eom.
ONYI (GRCO) legal pr:
Greenbelt Resources Corporation Comments on Current Events
EAGLE GROVE, Iowa, Jul 31, 2007 (BUSINESS WIRE) --
Greenbelt Resources Corporation (Pink Sheets:GRCO) wishes to publicly acknowledge the exciting news that possible wrongdoing against the company is being officially investigated.
Greenbelt Resources Corporation is anxious for the investigation to conclude with stiff penalties for the offenders. The company states that shareholders deserve to have a full explanation, but it won't come from the company. The company is not interested in stooping to a public debate, especially in light of the nature of what the authorities may be revealing about the other party. The company believes it is best to avoid potentially expensive public debate and let a judge tell the world what happened. Greenbelt Resources Corporation wants vindication, and justice. The company states that it will continue to cooperate with the authorities and provide any information that may be helpful to bring about justice.
CEO Robert Johnson said, "While we're all very happy to see the good news of past relationships being investigated, and while we look forward to being publicly vindicated, we will not focus on looking back but rather focus on our area of expertise and on the future of our company's growth. Many exciting things are taking place currently in the company and regular news releases will be forthcoming in the weeks ahead."
Funny here. Everyone has been pounding away for months to get rid of Willy, and now that he is gone, everyone sounds nervous it means something bad about Frank.
Agreed. I added a lot today also.
Big Picture. Once the first set of loans close, be it 500 million, or 740 million, the template will be in place. Then they can crank out a massive number of loans quickly.
We are just crawling to deal one, and I agree the credit rating is probably the holdup. But once it's all in place, this company could explode in value.
Although we have significant risk, the potential reward is many orders of magnitude greater.
Absolutely, agree 100%. Company should use RebelGirl next time as a call moderator.
One of the biggest problems here is their choice of conference call provider. I sell conference calling, and there are many superior platforms to help control this type of chaos.
All participants should be muted during a call
Participant questions need to be opened up 1 at a time, if at all.
Allowing investors to bash openly together on a company call is crazy
No echo should be heard
Why is CEO calling in on regular public number
Etc, Etc....
HCPC .0009 x .001 up 100% bid building
We seem to be recovering this morning. Eom.
Cash on hand end of 1st quarter was around $80,000. During second quarter, they raised about $200,000 from Reg-D sales,
but at the end of current, 2nd quarter, they only had $15,000 cash.
So they used up about $260,000 in current quarter. Imo, they will need either quick revenues, or significant dilution in current quarter, to stay alive.
They do seem to be working at reducing expenses, financials state they recently negotiated a office rent reduction, and CEO takes pay in shares.
Raising authorized to 1.5 billion is not a good sign for us, but we need to know the purpose. Hopefully, now that the news is out, the company will put out a PR, explaining the purpose, and it's near term financial outlook
Scottrade is not Penson. Penson clears for many small penny brokers. Scottrade has not shown up yet.
Penson shares hit for me today.
Agreed. I am not being avoided. They are just busy, and I was not overly persistant. I'll definitely post results after the call
Called twice, but missed him. Have not tried lately, but will. The office gave me his home office number also.
I think I heard all servers are not tied in, but would be again soon, and then rank will be much improved.
Fauzie was not selling, I was. Sold shares from my taxable acct to book a tax loss, to help offset other gains. Hopefully, price stays low, and I can buy back in 30 days.
Sorry, typo, meant five.
I am not going to argue the point any further. It is what it is, and as I said, out of my control. Just unfortunate. I would think a five (corrected) figure lawsuit would deter any R/M or regular merger candidate. It taints the company.
To me, it's not a question of who hurt who, it's deciding the most effective action at this point in time.
The MD group needs to balance how much cash they think they can actually end up collecting from the lawsuit, versus the way it hurts company prospects, dealmaking, and share price, along with lawsuit costs of time and money.
Obviously, the decision they make will be whatever they percieve as their best interests, which may or may not be the same as ours.
Imo, our share price, and merger prospects would improve dramatically with a dropped lawsuit. But, it's out of my control.
Perhaps now is the time to consider dropping the lawsuit. It was effective when filed, but now seems counter-productive.
Tying company hands, making shell worthless for a new R/M, and if company dies, and goes away, you may get a moral victory, but nothing else.
Agreed, but imo, the lawsuit will prevent that, as well as any type of merger, acquisition via stock etc.
Annualized EPS = .037
The 5.2 million profit was for 6 months only. For P/E calculations, full year is used, so we can pro-rate at 10.4 million.
That puts annualized EPS at .037 And the company is growing aggressively. We could easily break .05 EPS for 2007
And the stock is at .016
Perhaps one of the moderators could update the board symbol to CWRM ?