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.
I see several reasons to spin off a separate entity.
First, if mines are to be located in several countries, it separates risk / liability in 2 distinct companies.
Secondly, the issuance of a dividend, with a future record /ex dividend date, helps support price after an R/S.
Sounds fine to me. Building a revenue base, without promising outrageous figures. But I expect it will only take seconds for the negative segment here to begin slamming this also.
Today's corrected PR, added paragraph:
Currently the wells produce approximately .1 bbls/day, and our goal is to achieve production of at least 1 bbl/day after refurbishment and treatment of the wells. The Joint Venture is targeting the acquisition of about 1000 wells within the next 12 months and once all have been refurbished should be producing on average 30,000 bbls/month or at today's market prices of approximately $60.00/bbl, generate $1,800,000 per month. It will take time and money to build up to this level, but we are confident of achieving these targets.
What if CWRN will partner with Quantum for Phillipines mines, and IMMG will partner with Quantum for mines in a second additional country ? This would be great for us -2 stocks, both mining, and a split risk by operating in 2 countries. And using a pending divi stock to prevent major shorting after the R/S.
The only was a R/S hurts anyone is if the price falls after the R/S. And with a nearly completed annual Reg-D, more news coming, a divi coming, and with a current bid market cap of 500,000 dollars, the risk is low.
For anyone who bought much higher, and has held a long time, I understand the pain, but I think now is the time to average down. I understand the frustration of long term holders, but this is where we are at, and I do believe big things are coming.
Investors Apprentice, I agree with your post.
Share volume since Frank took over does not support any major unrestricted company selling, and many of their shares are preferred. Give this time to develop. It's amazing to me how many current shareholders immediately pounce on new news with the most negative interpretation possible, and with no consideration to other, more positve outcomes.
JMCP could go up several hundred percent, or more, and the negative crew would complain all the way.
Frank thinks out loud, via PR. I personally enjoy hearing about creative future possibilities, even if they are unusual, or not certain.
And I think the switch to M2 Presswire, for PR's, was due to cost. It's not about being "cheap", it's that Frank wants to put out many pr's, sometimes more than 1 per day on separate subjects, and the cost probably adds up. We all get to see them anyway, they are always posted here, on JMCP Ir site, and I get them live via a Comtex news feed. It's just that other sites do not carry M2 Presswire releases, as they are not usually direct comapany news, but 3rd party issued.
Heritage Capital Credit Corporation Postpones Annual Meeting of Shareholders
Business Wire "US Press Releases "
WILMINGTON, Del .--(BUSINESS WIRE)--
Heritage Capital Credit Corporation (the "Company") (OTC Pink Sheets:HCPC) announced today that it will delay its 2006 annual meeting of shareholders until October 18, 2007 . The meeting has been postponed to provide additional time to select new independent board member candidates to present to shareholders for election, and for the Company's independent public accounting firm to complete the audit for the fiscal year ended December 31, 2006 .
Prior to the meeting, the Company intends to distribute its annual report including the Company's 2006 audited financial statements.
An official notice of the annual meeting and proxy statement will be mailed to all shareholders of record by September 30, 2007 .
New web design , audits, marketing firm, possible ending of T trades - looking good here.
Also noticed upcoming events page no longer lists Shareholder meeting info. Since I have not received my proxy info yet, I suspect the meeting date is changing.
No after hours form T trades yet today, although volume was light. Let's see a couple more days.
The extreme fear and negativity displayed by some here today comes as no surprise. Some are actually worried after buying in at much higher levels, but many are just attempting to get longs to sell shares now, or after the R/S - at fire sale prices.
Since the stock currently has a market cap of about $500,000, at the bid, and since market cap is unaffected by the R/S, any per share price drop after the R/S would just magnify the phenomenal buying opportuity we already have today.
Anyone fearful of the future here, sell at the bid, and end your pain. Others will buy the shares.
At times like these, message boards are best ignored, as I am now doing here. Let the dust settle, and wait for good news.
I am in agreement with your post.
I am watching the sizes of daily form T trades, relative to daily volume, for an indication of Reg-D wind down, as well as MM lineup.
Read my posts bullit, sounds v good to me.
Many here will be supportive.
thx
smithermo, I want to correct one thing in my previous post to you. I re-read the PR, and it looks like the divi stock is just for the CWRN part of the JV, not the full JV. So, we should get the same percentage ownership in the new divi as we currently have in CWRN.
I show an ask of .0002 still, and nite on the bid at .0001, and we have only traded 6 million shares. I do not see this as a DUMP. But, I do expect we will loose the bid prior to the R/S.
Since the J/V is a fifty/fifty deal, whatever percentage of CWRN you own, you should own half that percentage in the divi stock.
The actual number of shaes will depend on the total O/S in the new divi stock. And that is not known yet.
We need to see the divi details to verify current CWRN common holders get a fair deal - that will come later.
I am assumming the divi is being done so people do not short/sell off CWRN after the R/S. Shorters would have to cover the divi, and shareholders should hold for divi record date - but we will see.
I can not say what CWRN will develop on it's own. I agree with you there is not much now. The Mexico properties, Liberia project, if it is still alive. Also, not sure if Jade mineral rights go with the J/V, or stay with CWRN.
I am thinking CWRN holds current market cap after R/S, and value sits in new J/V divi.
If CWRN falls below 5 cents after the R/S, but before the divi record date, I will buy more big time.
We get the divi, and CWRN will be the extra. If post R/S we went to .0001 again, CWRN would have a maket cap of one thousand dollars! Never happen, even as a shell. And the Reg-D is done, or nearly done, so no, or minimal future dilution.
I expect negative board reaction, but it will have no effect on my holdings here.
I like this, with such a low current market cap, I do not see where we can fall much, after an r/s. Also, we get a dividend for the big JV.
This is not being done to dilute. Authorized being lowered way down to 100,000,000.
Our current market cap is only $550,000 at .0001. Market cap is unaffected by a reverse, price up, share count down. How much lower will it likely go ?
And the big revenue will be in the divi stock anyway.
Big News: Quantum JV dividend, and CWRN r/s
IMMG Inc: Cotton & Western Mining, Inc. Reorganizes Equity and Joint Venture.
Jun 12, 2007 (M2 PRESSWIRE via COMTEX) --
RICHMOND, TX: Cotton & Western Mining, Inc. (PINKSHEETS: CWRN). Robert L. Cotton, C.E.O. of Cotton & Western Mining, Inc., announced today that the Board of Directors has finalized the reorganization for CWRN's existing businesses, in addition to the purchase of a separate publicly trading corporation to be used exclusively for the "Cotton & Quantum" Joint Venture. The trading name of the separate public corporation will be International Minerals Mining Group Inc., its trading symbol will be announced in a future press release.
The authorized shares of CRWN have been reduced from the previous 6,000,000,000 to 100,000,000. Of the 100,000,000 authorized, 100,000 CRWN Series A super voting Preferred shares have been authorized and 100,000 are issued and outstanding to three shareholders.
CWRN has received its new CUSIP number - 221737 208 and will be reorganizing its common stock with an imminent 500:1 reverse split. CWRN shareholders of Record Date (to be set) will receive dividend share (s) of International Minerals Mining Group Inc., upon the closing of the completion of the reorganization.
Under the terms and conditions of the Joint Venture agreement, International Minerals Mining Group Inc., is responsible for all mining operations, selection of iron mineral leases to exploit, while Quantum is responsible for all funding and finished product contract sales.
The information is open to CWRN shareholders and the general public. Information that is considered sensitive to Quantum, CWRN and International Minerals Mining Group Inc. that is covered in non-disclosure agreements is being withheld from the general public. Information withheld relates to financial matters and geological data of the selected iron mineral deposits and other proprietary information.
For more information on Cotton & Western Mining, Inc. please visit the company website at: http://www.cottonwestern.com.
About Cotton & Western Mining, Inc.: Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) is a U.S. corporation structured to produce and sell iron ore on a global scale. Currently, the Company is engaged in several mining activities that will provide the Asia Pacific Steel Manufacturing Sector with high grade raw crude iron ore products.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
SOURCE: Cotton & Western Mining, Inc.
CONTACT: Cotton & Western Mining, Inc. (a Nevada Corp) (E0256062005-3) Tel: +1 281 232 8410 WWW: http://www.cottonwestern.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)1994-2007 M2 COMMUNICATIONS LTD
I faxed a while back, but was told they no longer did things this way, I would need to contact company. Perhaps I was told wrong, but since the company provides quarterly financials, as well as periodic share total updates on the website, I dropped the issue.
The Reg-D sales are clearly evident if you go to stockcharts.com, and apply the CMF indicator to a HCPC chart. There is a strong dilutive period with the filing date of the Reg-D, and ending late May.
Since June 1, we have gone strongly positive on the CMF, showing accumulation, not dilution.
(go to: Stockcharts.com, choose HCPC, and then go to bottom indicator section, and apply the Chaikin Money Flow indicator)
Also, Buyins.net shows quite a bit of short sales this year, relative to the low public free float. Perhaps there is some covering at these low prices. Quite a few MM's at .007 now.
Bullit, the vast majority of people here know you and Bob are working full tilt to make this happen, and that it will be to all our long term benefit.
Thanks.
Restricted are part of the O/S. Eom.
Gas well revenues need to be added into any annual rev estimates. These were not discussed in today's pr.
As do I. Eom.
This stock must of been massively shorted to handle all this selling, and hold price. They are the ones who really killed this company.
I still believe this has to do with the investigation of Select American, and that this has caused the naked shorts to cover.
From HCPC web site, not sure if this has been posted before:
Please find the below position(s) currently open with the Company.
Open Position(s)
LOAN CLOSING ATTORNEY
To apply for the position(s) please submit your cover letter and resume to:
hr@heritagecapitalcreditcorp.com
302-778-1023 (Fax)
I have been watching trading volumes as well. Imo, it is possible we are continuing to see major short covering. ACMG still on Reg Sho list, and perhaps the problems at Select American are making the shorts nervous about any illegal shares dumped over past year.
Unfortunately, we may be getting our short covering too late, for it to help ACMG get proper valuation aand funding.
I did not get any enjoyment whatsoever posting these thoughts about Siam deal collapse. I was in this stock from the first week it came public, accumulated over the year, and really believed in Alex, and the potential here.
I still believe in Alex as a person, but the company is really on thin ice. I wonder if the USSE deal could be revived ?
Once I decided to accept the Siam deal as dead, I also accepted the idea that the dividend will not happen. And without the lure of a dividend, I saw no reason to hold-I sold just about all last week, and will be out today.
If news hits, I expect the price to be low enough where I can buy back in, even if I must pay a bit more.
The risks were too many for me:
ACMG out of cash: employees working from home, unpaid taxes, corporate lawyer gone, Evgeny suing for wages.
Alex's silence: inexcusable, will hurt us long term, even with news.
Patent's not on file anywhere, no matter who's name we look up. And possible patent lawsuit - especially if we start to succeed.
SEC / Ontario SEC risks: Select American issues, and possible investigation of ACMG for Siam PR's, and Alex's disappearance. Select American will absolutely put a regulatory spotlight on every aspect of ACMG, especially now - with Alex's odd behavior.
Pending due date to meet contract needs with A.M. Absolutely no way he can get a plant up now, without another extension. If A.M. deal is real, there can be no way they could keep agreeing to extensions. If they do extend again, I must wonder how real they are.
A bankruptcy filing is possible, but I expect Alex is trying hard, and we will hear nothing until after the upcoming SEA Biofuel Conference. After that, I suspect Alex may surface, and update our condition.
BP Changes. Seems to me the Siam deal has fallen apart, and they changed the 1 statement which spoke about something done and definite - building acquired.
The rest of the plan, including investment needed, and proforma, is about possibilities, and a future hoped for.
When I re-read the plan today, it seemed the changed sentance was the only part which could get him in legal trouble, everything else is hypothetical, and forward looking.
Neither do I, no pop up on Pinksheets. Also no report of any JMCP spam on any spam tracking web site.
IR web site confirms news story, it's accurate.
Way too much panic here. I expected the date likely to change, and it did. We are not going down in price, and if the company performs, we go up.
So scream away, it's meaningless.
What are the chances that AURC management has been duped by a fake buyout offer ?
They arleady PR'd that the buyer was shorting the stock to convince them to sell. What if the offer was just anotther way to short more shares, at a higher price, then pull the deal, and cover when it crashes.
I also find it interesting that ACMG, another Midland Baring / past Select American stock also got a buyout offer at the same time, and now the ACMG ceo has disappeared, in search of funds after his buyout most likely collapsed.
Both are still on the Reg Sho Short list.
Both stocks were Midland IPO's
Both have mysterious buyers, at the same time
Both used Select American, who seems to have incredible creativity at constructing unusual ways to trash a stock, without company knowledge.
I have had long term positions in both stocks, and am pretty much out of both at this time. If the above is true, I do believe it would present a great AURC buying opportunity after the fall, as I still believe in the Asset's, and prduction. But I also believe management is not very capable, and could be easily fooled.
Any thoughts ?
Current market cap is under 600 thousand dollars.
Message from IR Site today:
Commentary:
JMCPCorp shareholders had a surprise Friday. JMCPCorp released a press release extending the "date of record' for the Royalty Trust to the end of June. Current shareholders can take this as a positive news release and or be negative. I think this was a great choice Frank Love made. This allows more time for a large group of shareholders to open new accounts or what ever it takes for them to purchase shares. The problem everyone has had are brokerage firms not allowing JMCP purchase online or by calling in orders. Yes I understand some were mad calling names on message boards but phantom posters on message boards absolutely don't dictate to JMCPCorp what and when to do press releases etc. Mr. Love has more on the table involving JMCPCorp then in the entire history of the company. Mr. Love took over the company four months ago and was handed a company with NO assets, now he is announcing deals on the table some very close to completion. Now previous company shareholders have a great chance to make a decent return where with the old company they had no chance. Over the next two to three months shareholders should see what Frank has accomplished in the last four months.
Understand everyone and shareholders, I cant address anything unless it is previously released to the public. Many want me to hang myself addressing questions that have not yet been made public information through a press release. I am sorry everyone is just going to have to wait like everyone else to read about their questions answered within press releases by JMCPCorp. Also keep in the front of your mind investors are investing in the future success of a stock trading at no bid by .0001. Many like this risk and many want to make a killing ASAP. It doesn't work this way so please allow Mr. Love to build the infrastructure and as investors react to what they read in press releases the price might possible follow moving slowly higher. Share price is not the primary concern, it's building a real company, not pie in the sky promises. The old JMCP gave pie in the sky promises now lets all see how Mr. Love's performance will be over the next few months as you read about his performance in press releases.
Thank you,
Harold Engel
Chinook Investor Relations Group LLC
I suspect this is MM's dumping inventory they got by buying at .0001, or that they traded with each other back when bob was diluting. They probably paid .0001
The volumes were drying up, and they may have feared they would get stuck, at least for a while.
I also think there is some .0001 MM share swapping going on, as most of the MM's that were at the bid this morning are not retail MM's. Big volumes can be created when MM's sell back and forth to each other, at the same .0001 price.
Anyway, A/S has not changed, and I doubt anyone is naked shorting at these levels. So, just look at it as a gift, to be able to buy here. I did.
authorized unchanged, not company selling. Eom
What if Siam tricked Alex. Alex pr's the deal, and meanwhile, Siam is selling short into the run's. They keep leading him on, then they pull out of the deal, and they are the ones buying since, to cover.
The Siam investor group could of really been the people shorting him to death all along. They hear about the USSE deal, and ramp up their offer, to prevent having to cover high.
We already know many Select American companies were scammed by people thinking big, finding out of the box ways to fraud investors.
Imo, Alex could be tricked in this way. It would explain his embarassment and going silent, the buying and price action, and the continued listing of ACMG on the naked short list.
It also explains the current situation without me believing Alex scammed us. I still believe Alex is a good man.
Who knows... just a wild theory
My friends are in the infomercial business, they make a lot of money
Reg Sho, yes
Perhaps NSS covering, due to SAT investigations ? eom.