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First Guardian Financial Corporation Announces Joint Venture With European Union Company
Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 04/24/07 --
First Guardian Financial Corporation (PINKSHEETS: FGFC) announces a Joint Venture with REMCO EU, a European Union (EU) Company poised to benefit from Environmental Cleanup and Green Energy Opportunities in Bulgaria , which recently became a Full Member of the European Union (EU). The opportunities for this Bulgarian Company (BC), REMCO EU, a Subsidiary of REMCO B, are huge in the form of leverage from EU Grants for Bulgaria and USA EXIM Bank with an 85% Loan for USA Technology Environment Cleanup Plant making for Ecology (Eco) Friendly Environment with Green Energy by Products. The remaining 15% will be funded by a US Technology Company with its Financial Backers.
FGFC Joint Venture Agreement with REMCO EU, a Subsidiary of REMCO B, calls for Incubation Capital Funding in two stages to launch the BC with the Capital to finalize the Environment Clean up Contracts for Bulgaria and establish an EU Grant along with getting the USA EXIM Bank Loan to implement the Operating Plant in Bulgaria .
Stage 1 Incubation Capital calls for $300,000.00 to $335,000.00 in the next 2 to 6 weeks to get REMCO EU a signed Contract that is already in the process of finalization. REMCO EU has already expended time, effort and Fiscal Resources to bring Contract close to finalization.
Once the Contract is executed for Environmental Cleanup then Stage 2 of the Incubation Capital Funding calls for $600,000.00 to $700,000.00 over a 6 to 7 month period.
Total Incubation Funds over a one year period from FGFC/REMCO EU Launch date of May 1, 2007 , which is the expected date of first installment of Incubation Capital of $300,000.00 to $335,000.00 , and is expected not to exceed $1 Million Dollars .
All use of Incubation Capital Funds will be audited by an Internationally Recognized Accounting Firm. In exchange for the Incubation Capital by FGFC a Joint Venture Agreement has been negotiated with REMCO EU whereby FGFC will participate in Joint Ownership of REMCO EU by having Shares in the REMCO EU Company . FGFC Shares will grow as the Services provided to REMCO EU develop going forward, by bringing FGFC in the Capital Markets and other opportunities to develop Business for REMCO EU. FGFC and its Shareholders will enjoy a significant ROI on this Investment during the Incubation period Capital with Minimal Risks.
I suspect there may be tech difficulties with MM's today. I am seeing a drmamatically reduced # of MM's on some other stocks as well
Because the post by CashM mentioned JMCP.
"Does anyone now how we can go about filing a class action lawsuit against JMCP, ONYI, Chris, and Taylor?"
Lawsuits a big mistake, IMO. It may make everyone feel good, but even if you win, you are not likely to collect anything significant, and you hurt the future chances of JMCP, and also ruin the value / shell value of ONYI.
They lost 111 thousand in the first quarter, so I think that is about the most they would need to raise in Q2, about another 10 million shares at todays prices.
I am not concerned, it has allowed me to buy as low as .009, and will not matter that much when big revenues hit.
I suspect we top out around 200 million shares, or so.
News quote: At funding of approximately $700 million of loans within the second quarter, the Company expects to receive a one-time origination fee income of approximately $35 million and servicing revenue of approximately $234 thousand per month over the 35-year life of the loans
News: Heritage Capital Credit Corporation Posts 1st Quarter Financials With Reduction in Quarterly Losses
Business Wire "US Press Releases "
WILMINGTON, Del .--(BUSINESS WIRE)--
Heritage Capital Credit Corporation (OTC:HCPC) published its first quarter 2007 financial statements, whereby its net loss per share in 2007 was ( $.0006 ), which was less than ( $.0014 ) in 2006.
The first quarter 2007 Financial and Disclosure Statement reflects a first quarter loss of $111 thousand or ( $.0006 ) per share, fully diluted at March 31, 2007 . This is a reduction of $59 thousand from its 2006 first quarter loss of $170 thousand or ( $.0014 ) per share fully diluted at March 2006 .
To cover the costs related to pre-closing loans for the BCLOC Trust Pool 2007-1, to date the company has raised $180,000 from a $1 million Regulation D Offering.
At funding of approximately $700 million of loans within the second quarter, the Company expects to receive a one-time origination fee income of approximately $35 million and servicing revenue of approximately $234 thousand per month over the 35-year life of the loans.
To view the year-end Financial and Disclosure statement, visit www.pinksheets.com.
new PR, all cash - just released
Aurus Convenes Special Board Meeting Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 04/19/07 -- Aurus Corp. (PINKSHEETS: AURC) announces that it has called upon the Board of the Company to a special meeting on April 24, 2007 to study the proposal made to purchase all the outstanding shares for an all cash consideration.
Mr. Grancharoff, vice president, states, 'The president asked that I attend a special meeting of the Board to study and voice our opinion as directors on the offer that was submitted. The shareholders shall be notified of both the details of the offer as well as our recommendations. The conclusion shall be announced on April 24, 2007 at the closing of the market.'
About Aurus Corporation
Aurus Corporation is a publicly traded mining holding company with several precious metal properties with over 5 million ounces in gold reserves, trading under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to continue to acquire proven gold and other precious metal reserves in Russia and other emerging countries and operate its mines through joint ventures and/or partnerships.
Contact:
Jeremy Krause
Managing Director
Business Development Consultants, LLC
1-858-384-0294
Bullit, has the company completed its share selling ?
SFNN - plus ALL "earnings" are debt forgiveness. They actually are still losing several milllion plus per year.
You seem to be correct. I just reviewed a personal 1040, and all tax credits, including the residential energy credit, apply directly to reduce tax owed (as opposed to itemized deductions which reduce adjusted income), but the amount does not result in a payment to the filer. It stops at zero.
I will check with my accountant, and see if it is the same for the fuel credit, for corporations.
Assuming so, it would be incorrect to list it in the way it was on the spreadsheet.
technically, we do not make Biodiesel. How specific is this definition. We make a biofuel for power.
If there were just minimal taxes owed, would the credit result in a net payment to USSE, or would it just zero out the tax bill and stop there ?
I agree the BTU issue is of utmost importance. I wish the company would address it head on.
USSE profit spreadsheet link seems to have 1 huge item, a one dollar per gallon tax credit. Is that part accurate, and if so, if no tax is owed, does it create a tax payment to USSE ?
Seems to be an Excise tax credit
http://vermontfuel.com/server/biodieselrules_1204.pdf
Also, as of now, seems to expire in 2008
Pretty sure shares held in brokeage accounts are typically held in street name, meaning brokers name. So, many shareholders show up as one
he was brought in after QBID collapse. eom
I check several spam lists daily to monitor which penny symbols are being spammed, started doing this when SEC halted the 35. I go to Spamnation, and SpamQwoter
Midland Baring is not connected to ACMG anymore.
From Friday's PR...eom
how do you think they will handle the buyback ?
Fugeguy, I am in complete agreement with you about the CMKX effect. From here on out, if I am posting, I am just going to ignore the posts, and change subject, and post about current JMCP topics.
I am mainly interested in the potential of any new deal to generate at least 100,000 dollars free cash per month, or so. This would allow them to buyback 1 billion shares per month.
once we get a bid, we can all decide for ourselves whether to stay in it, or leave at break even.
I have held since the day Chris Mcgovern first took over, It will not be a quick flip for me, just stuck in JMCP longer than hoped.
I understand your wishes to be treated fairly and honestly by management. Unfortunately, it is a rare occurance in the pinks.
I also do not want to see the board decay into a CMXK drama. If that is the case, I will just avoid this board entirely.
I am hoping to give the new project a chance, since we are at rock bottom price, no bid and without Frank, dead in the water. Anyone else would R/S this, and then we might as well throw our shares in the trash.
Most likely Taylor took back some near worthless assets, in turn for cancelling some debt or shares of his, or preferreds etc.
I think we just need to stay calm, let this roll for a while, and see what we get.
All this CMKX stuff is not really significant to me. All I want is JMCP to get enough free cash flow to buyback a bunch of shares at .0001 from the float, and get us a bid, and a little motion. That is it.
I do not expect this to be in the S&P 500 in the near future, and I am not spending my time studying the life history of our CEO, or imersing myself in the drama of other past penny failures. Buy at .0001, and sell at .0002 or .0003 - good enough.
People cert their shares voluntarily, to try to prevent shorting, often encouraged by management. But you can not easily sell, and the MM's can just naked short anyway. Imo, it's a waste of time, unless the company is depending on share price to raise cash to operate.
If ACMG has not been honest with us, we loose anyway. If, as I believe, they have told us the truth about the SIAM deal, certing will not matter - the company does not need to care about share price to fund growth throuh dilution - they have their investment money now. So, the shorts can do no long term damage to the company.
And eventually, with revenues, earnings, and financials, the company will begin to be valued on fundamentals, and any shorts will have covered anyway.
I still hold all my ACMG shares, flipped a few during the run, but bought them all back, plus more, prior to the divi record date.
I have been in ACMG for just about a year now. Often, I sell other stocks into a run, but I am going to see this one through, where ever it lands a year or 2 from now. For richer or poorer.
Thanks. I appreciate the comment.
I agree, a bid price would be great.
If I was running the show, I would not of either. It's out there with S.O.S., and I am sure they knew we would find out and post it. But we do not have to announce it to the world, we are pink for a reason. Especially the A/S. I have rarely seen a PR form anyone announcing a A/S increase. Usually it is announced when an acquisition is announced. And it would seem more pr's are to come, let's see what they tell us.
If they PR an acquisition, they may tell us the number issued for it, or they may not. I think they should.
But, it's amazing that pink traders are always thrilled when a company does an acquisition, and devastated when they hear shares were issued. They go hand in hand.
We are at dead bottom in price. I little PR enthusiasm is fine with me.
Here is what I want to see:
Take 1 or 2 tubes, and have an outside certified firm get them up to full speed, and run them non-stop for a week. Count the total bushel's in, total heat used to produce reaction, total cost of catalyst, and the total fuel, ash, and gas out.
Then report back on grade of fuel, and all inputs and outputs. I do not know why USSE has not done this. Their stock would be over 1 dollar if this turned out well. Why fool around with rambling conf calls, investor visits, alternate web sites, mergers with others etc etc.
Just prove input and output, independantly verified, and this is a done deal.
We have become totally dependant on the current price of soybeans, fertilizer, and fuel. Early on, with a reduced price per bushell of soybeans, that was not the case.
And according to my figures, 200 tubes would need around 5% or more of the US soybean crop. We will not get this many low grade soybeans. We will be buying market pricing.
Best case scenario, this investment now hinges on not having minor problems with fuel price, soybean prices, ash pricing, yield output, and heat/btu input cost.
Just a much different risk-reward scenario to me.
I have been a USSE shareholder, but I must admit I can not get around the BTU argument. It has bothered me also, from day 1. I have yet to read anything which allows me to understand how you can get way more BTU's out than exist in the feed crop.
Something is missing. Either more energy/btu's are input, or we get less out.
Also,if we just make minor adjustments to output: if we were to get 4.5 gallons vs 5, and we used .5 or more gallons to heat tubes, we net 4 gallons max. And if we only get 10 or 11 cents per pound fertilizer/ash instead of 13-15 cents, and we subtract other overhead, we do not make money.
It has led me to doubt the efficacy of any process which turns high value food crops into energy.
One more point about SBSH being the possible MM for buyback.. SBSH is Citigroup. It makes perferct sense that the international SIAM would choose them, or someone like UBSS, rather than a smaller junky pink MM.
Good question. I have considered that, and wondered why they did the divi so soon. Several possibilities...JUST GUESSES.
I expect the divi to be restricted, and perhaps OTC-BB. So they would not worry about that part, tiny tradable float if restricted. And by passing the record divi date, they knew they could buy back original ACMG pink shares super cheap.
Another possibility. THIS IS JUST A WILD IDEA: Pink traders are always confused by divi dates. In the regualr markets, most likely including the OTC-BB, the NASD sets an ex-dividend date. That is the date, after which, you can sell and keep your dividend, otherwise it goes to the person you sold shares to. And, it is well after the record date. In the pinks, the record date is often used by itself, rules are never followed, and everyone just does whatever they want.
What if ACMG intends to have NASD set an ex-divi date, and follow the rules, something rarely done in pinks. SIAM buys back super cheap, with everyone selling under assumption they will get a divi anyway, but in the end the sellers loose their divi to SIAM by selling to early. And SIAM buys at super bargain prices.
Who Knows ?
If in fact a major float buyback is occurring, and they need to get long term holders to sell, why would they want to give us any confidence boosting signal at all ? It would be totally counter-productive.
Asummming Dr. C is the man I think he is, he would not lie to us. But I also think he is burned out on penny flippers, shorters, and the whole pink scene. Just read the FAQ comments on his web site, and past emails saying it was a mistake to start pink.
So, his only choice, given the buyback pressures from new owners, is to go silent, The missed MN1 interview could of been for the same reason. If he called to postpone, no selling panic. So, you go silent. And it occurred right after the divi record date, when buyers are done buying, and sellers will have the momentum.
If we are to get anything going here, we need to trade something for an oil share. It was obvious the A/S had to go up. Why else would someone give us a revenue producing asset, how can we expect someone will give us an oilfiled for nothing ?
I want to see the increase mostly as restricted, traded for a share in a new deal(s). Then use cashflow to buyback float, and we go up, or at least have a bid and can sell.
I expect some to be sold into market for operating cash, but I hope that number to be limited. If we can create a company with a 20 million dollar market cap, or more, we are way up, and can get out well.
At least since the day after the divi record date, SBSH has been parket at the bid. I did not watch as close before that. Every so often NITE, or another MM jumps ahead of them, and then they will reduce the spread to a trivial amount just to be number one on the bid again.
I watched it all day for several days now, and you can see exactly what SBSH is doing to keep price down, and yet buy as much as possible. The only way to buy 3/4 of the float is on panic, which gets long term holders to dump. Otherwise, in a rising market, you might have to pay way way more to get them to unload. A small buyback you can do on price rises, but not 3/4 of the float. You need long termers to dump strongly held shares, and that is what we are seeing here - doubt and selling by longs.