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I use an online service which I check my employees out with, what does that matter, you said you have the scoop, let’s have it.
Why not post it now? I did a check on him a while back and I posted the outcome, this is somthing we all need to see.
Your statement is:
You said that you reported CGAQ to the SEC in Miami, could it be that they halted trading? If that is true, then this is a possibility why no shares were sold in 2 days.
Why don't you post the link to that post
Did he say he took the job just to get stocks for the use of his name?
Give him a call, its on his website
Let’s set another thing straight. The Banned slots were slots that were located in drug stores, grocery stores, hair salons, pool halls and other places where they did not have a government tax sticker and worse of all, not supervised, so children can play them. The government went after these places with a good cause. The Dominican Republic did not ban imports of slots totally, only illegal ones. As long as the company who wants to import slots applies thru the proper channels and pays the fee’s needed and has a approved casino or betting parlor in the DR. I can imagine if Hard Rock could not Import any more slot machines with the latest and greatest games, they would complain worse than some complain about CGAQ. The Dominican Republic does not want to stop the tourist trade by not letting casinos import slots. There are a few more casinos that are opening now and they will be able to import their slots from the manufactures on the Dominican Republic Ministry of Finance list, remember only 33 to choose from, which GAME BASE is included. One must look at the laws, look at what was posted and come to your conclusions. Do not let others make your decisions. Do your DD. JMHO
Yes it is public, no they don't have to give all their information on everything, they can give you information as an outlook on what is happening, you can't find any company public or not that will disclose the actual discussions between them and a client, they can say their in discussion(s) to their shareholders. Why not just call in your competition and get them in on it also? That’s what could of happened with the track, once the PR came out a competitor(s) could have also put in requests, but of course this is speculation on my behave.
But how can one say it went nowhere? We are not privy to everything that goes on, nothing much came out about it afterwards except this:
160k, I do feel sorry for you. About the racetrack, I do seem to remember that there was a letter in return to CGAQ about that from the DR, it was published sometime ago in one of the PR’s, I don’t remember quite when, but the fact that they answered CGAQ then there was communication between the DR and CGAQ, Also the track officials made a statement, not quite as serious that nothing was going on between them. You and I don’t know what goes on between the lines and closed doors, but that letter proves that something was going on, at the very least. Just did not pan-out I would guess, could be they are still talking who knows?. I guess the SEC would have to use its powers to get the DR government to talk or get them to court, I would doubt that would happen quickly. In my opinion there was action on both parties about the track, hence I also think the PR was not all lies as some stated. JMHO
COPYRIGHT 2012 LIST
Dominican Republic Ministry of Finance site! You can’t deny that! If they were banned then the GAMEBASE would have been removed! What are you trying to pull, you are wrong about this and you can’t let go. What slot machines in question? I see 16 manufacturers on that list, all are SLOT machines! Are all banned because you say so, no I don’t think so.
Ministerio de Hacienda
Copyright © 2012 •Dirección de Casinos y Juegos de Azar
Todo los Derechos Reservados
Desarrollado por: DAR-TEC
Ministry of Finance
Copyright © 2012 • Address of Casinos and Gaming
All Rights Reserved
Powered by: DAR-TEC
Privacy Policy | Contact | Top Original textMinisterio
You are forgetting one fact, if it was 1 dollar or 10 million dollars, the sum=0 gains or loss. Escrow funds held by a lawyer and are private and the lawyer client privilege is in force, how do you or the SEC get passed that?
Could it be one does not know how a escrow account is set up, it could be set up with external funding to back-up a company funding, not recorded on a profit & loss sheet, because it is not a profit or loss. Gee I guess some have never ran a business here.
I noticed the creep up also.
So show me the facts to your statement, on a Dominican Republic website that CGAQ did not pay the fees,Do cars also have to come in parts and assembled by dominicans? How about this, it seems to fit with the Dominican Republic site:
Caribbean Casino and Gaming Corp. Announces Giant Steps Toward the Worldwide Gaming Industry
(February 22, 2011)
MIAMI, FL -- (Marketwire) -- 02/22/11 -- Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ), A certification has been issued from the finance department and casino commission of the Dominican Republic in which grants Alheli, S.R.L, subsidiary of CGAQ, rights for manufacturing and importing the Kiosks named Gamebase ®. With this certification the company can open a manufacturing/assembly plant in the Dominican Republic and with the DR-CAFT (Free trade agreement with USA, Central America and Dominican Republic) export the units to any of these countries with no or very low customs taxes. The company also announces its 50/50 Joint Venture with Global Gaming Labs, S. A. (GGL), proprietors of software that operates the Kiosk for the Gamebase ® project.
On this matter Mr. Steven Swank, CEO of CGAQ, stated, "This is the beginning of a series of steps in making the Kiosk project a huge stream of revenue. Having the government of the Dominican Republic give us certification opens a world of opportunities for CGAQ, we can have the Gamebase ® in any casino, sport betting operation, clubs, restaurants and any other place that the law permits."
The Gamebase ®, comes with Touch screen, speakers, microphone, bill and credit card acceptor, receipt printer and the software integrates live table games, like black jack, roulette, poker other table games like craps, also has a sports and horse race betting, and a great variety of slot games and bingo.
Mr. Swank also commented, "This type of technology is fully customizable so it is not limited to anything preloaded, we can add any kind of betting games that we wish, and there is no other betting station that can do
Can you give me the information on that fact, do you have inside information??? How do you know?
I don't have to show you anything, its in black and white on a DR official website listed as an approved machine, give me a break, do you think they would list them if they did not pay the fee?
Yes sir, I will retract my statement and follow your investment strategies as of right now, I forgot you have a full half year on me so you can pull your “I’ve been loosing for 3 years” seniority on me. Well I have not lost a bundle here because I only invested in 1 million shares, just enough stock to make me happy if things clicked and enough if I lost not to be too sad.
People come and people go, a new show will arrive and more tickets will be sold. I do not care how or why people invest or not invest, that’s their decision, but I do care when prolix argumentation statements are thrown out without any thought processes or DD behind them. I don’t think that CGAQ did everything right, but as a person who’s been thru almost the same process as far as the Kiosks are concerned; I see where delays are possible and the possibility of growth. That’s the magic word, build growth and they will come. JMHO
Not the people who think they will get rich over night and do wrong investment processes. The most complex thing in this world is a human, takes up to 9 months to develop into a fully working end product, but on the other hand the most simplistic product can take years to build. JMHO
First of all, all I did was look at the PR and researched the Kiosks to see if they were ok to build in the DR, Mr. Swank’s statement turned out to be true, I did find that the Kiosks are accepted by the government period. Now where CGAQ goes from there is anybody’s guess. My guess as an inventor and a US patent holder myself, in fact it was a light show for discos. Someone has to get the kiosks into a patent pending status. I further believe that the design of the outside is CGAQ and the firmware is GGL’s. My patent took from pending to passing 2 years, and another 1.5 years for an amendment, but that’s just a US patent, not a global patent and I did not apply for one. Companies need this protection otherwise a floodgate of these machines will appear on the market. Then you have to get a manufacture to get from prototype to a working machine, and remember there are always glitches that show up at any time, I would estimate from 3-5 months for things to get ironed out before a final product to be finished, don’t forget you have to final test the product, which includes UL, CSA approvals, you can’t sell an electronic product without them in the US and many parts of the world. Since the DR required that these units to be assembled by Dominicans, can we assume that this task will take weeks or months for an assembly line to get into gear, and parts start flowing from the US to the DR. Capital is another issue, either you have a great resource for it or you don’t, I opted out to license out for royalties instead of trying to get an interested party(s) to front costs, this way I made money on every unit that was sold. So as a business person I do know the ropes about how long it takes from idea to finished working, tested and approved product. This is not a short term process! So if one thinks they will be rich in a hurry, this is not the stock to be in. JMHO
Did you miss this? As I posted the Game Base is on the DR goverments website as a approved slot:
http://finance.yahoo.com/news/Caribbean-Casino-Gaming-iw-1733208015.html
MIAMI, FL--(Marketwire -12/20/11)- Caribbean Casino and Gaming Corp. (Pinksheets: CGAQ.PK - News) ("the Company") addressed five key investor issues that have recently come to the attention of CEO Steven Swank.
1. The Slots Parlor is currently sitting empty due to the fact that the machines were deemed to be illegal by the Company and promptly removed. New touch-screen betting kiosks that are now being built in Florida will be shipped in the first quarter of 2012. The Company's license (issued by the DR Casino Commission) stipulates that the Company may import the kiosk parts as long as they are assembled in the DR by Dominicans. "We plan to do just that," stated Swank, adding, "We will then set up the parlor as an operational Sports Betting Room and a sales showroom for the Kiosks." Buyers will be able to see the machines in action and try them out for themselves before purchase while the Company generates income from their operation.
Just a point to some, Game base is listed as an approved slot to be imported by the Dominican Republic Ministry of Finance:
http://www.casinos.gov.do/?inc=santodomingo&def=0
JUEGOS Y MAQUINAS
Listado de Marcas de Maquinas Tragamonedas Homologadas para que puedan ser importada a la República Dominicana
1. IGT
2. Williams
3. Unidesa
4. Bally
5. Atronic
6. Amatic
7. Interblock - Electroncek
8. Alfastreet
9. Ainsworth
10. Aristocrat
11. Unigame
12. Novomatic
13. Volania Six
14. Ruleta Caribe
15. Ruleta KING
16. Konami
17. VLT 1. Evona Electronic
2. IFSA
3. King Multi-Games
4. ETI-VGASS
5. Happy Play Machine
6. Elaut NV
7. Nova WI-FI
8. Gold Club
9. Shuffle Master
10. Kajot
11. Slot Doctor
12. Amaya
13. Bergmann
14. Selton
15. EGT
16. Game Base
In that case, why did you not use a safeguard for your money? This happens here in Penny Land all the time, and I would be foolish if I did not proceed with caution to safeguard my investment. You can’t always judge a book by its cover but one can cover ones bet and minimize losses if played right, and sometimes make gains along the way. Nobody can foresee the future on any stock, and nobody held a gun on ones head to keep the stock. Drag others into a quagmire of spin and deceit from both parties, one can only look at themselves and make decisions on their own, this is true in stocks and life itself. JMHO
I find it very interesting how many did not safeguard their investment in CGAQ, Investing 101, there was an easy solution to most of the problem and it was at their fingertips, it called a stop loss. If this measure was used, one could have realized a gain, break even point, or even a softer loss. That’s my game plan and it has worked for me.
So rattle the troops and shake the swords again for something that was controllable by actions one could have taken as an investor to keep their investment safer. I would not think this would hold up even in pre-court hearings Not a lawyer, JMHO
That was published on 6-2011, old news, CGAQ was not shut down, you have to connect it to CGAQ. I'm glad they took them off the streets and closed bars, it will increase the traffic to CGAQ bar & Disco. Show proof of the connection, BTW Armando Casciati only ownes the land and has no part in CGAQ and this is easly checked in corpwiki updated 5-20-12 not like your outdated post:
http://www.corporationwiki.com/Florida/Bradenton/cgaq-inc/36319614.aspx
I just checked Sosua news, how come not a peep about bars and disco's closing? articles go back to 17 May. If this happend PSD why no news?
http://www.sosuanews.com/index.php
Here are some interesting articles:
http://www.dominicancentral.com/newsarticle/the_dominican_republic_leads_foreign_investment_in_the_caribbean/
http://www.dominicancentral.com/newsarticle/59percent_growth_of_americans_tourist_arrival_in_january-april/
The post was about economics which plays a role in any county and its growth. Not necessary CGAQ, I tried to make that clear. Facts are facts and they are backed up with viewable information, but it seams like you have more than me. Can you post facts with a link about the closings; some here might think it is false information because they don’t have a P.I. BTW I thought you left CGAQ from prior posts. Just back-up your allegations with hard core facts with news links from the DR. I think they would be going after prostitutes in the streets, bars and disco’s to accommodate the influx of tourists that will hit the north coast. Good move DR. . JMHO
Here are some facts:
The Dominican Republic had over 4.3 million visitors that stayed in hotels in 2011, that’s about 1.5 million more stays in the DR to other Caribbean islands.
http://www.onecaribbean.org/content/files/April27StayOverArrivalsYTD2011.pdf
Carnival Cruise lines is building a new port in the Northern part of the DR, where CGAQ is located, that alone will bring about a larger tourist influx to that area.Carnival Cruise Lines owns 10 other cruise lines which include Costa, Princess, Holand America and Seabourn. most ships hold over 2,000 passengers.
http://www.dominicantoday.com/dr/tourism/2012/1/27/42465/Puerto-Plata-US650M-Carnival-cruise-port-full-steam-ahead
Now lets compare Islands that have cruise ships visiting their ports every week, Look at the volume of booked rooms to the volume of cruise ship visitors, The Bahamas had a decline in booked rooms, 1,341,871, a -2.1 deficit over 2011, but grew 9.4 percent in cruise ship passengers. I would think that the Dominican Republic with its 4,306,431 booked rooms +4.4% and 347,914 cruise ship passengers at -1.3 percent, these numbers will fly into a much needed gain in tourists and cruise ship passengers once the Carnival Cruise Lines opens its port in the north. If you are a seasoned traveler you will understand my next sentence, you use a cruise to sample areas you would like to see, and if you like the sample you get from a cruise you will return to that area and stay on an extended vacation. BTW cruise ships here in FT. Lauderdale go on trips to the Bahamas each week and stay in port 2 full days, it’s a little further to travel to the DR, about 750 NM from Miami, but a 4 day cruise would cure that issue. Carnival is investing in the DR for profit and I guess they had their DD done for them, and they made their choice of putting the dock in the north side of the island, CGAQ’s side instead of the Santo Domingo (the capital) coastal area.
http://www.onecaribbean.org/content/files/27April2011Arrivals2011.pdf
Now I know this is all numbers to some, but the more information about the country one can understand, the more one can understand the potential these facts can play into CGAQ’s future. The more tourists mean more customers, more jobs and more expendable cash in the country. JMHO
Here is the correct link to the SEC, only 735 cases last year
http://www.sec.gov./news/newsroom/images/enfstats.pdf
There are thousands of companies traded on all exchanges, I would guess only about 1 to 2% investigated. JMHO
Sorry I posted the wrong link, will post other
You are correct, here is the Data from complaints compiled from the SEC:
http://www.sec.gov/eeoinfo/nofeardata.htm
I don't see any outrageous complaint numbers. JMHO
How much time did it take the SEC to go after the big banks, like I said funny stuff, the can't even arrest any of them and it's been longer than CGAQ?
He's the man with a real PHD, 2 masters, I think he is taking CGAQ stock for payment because he see's potential here, but the main factor is he can see more than we can as investors. Why discredit the man before he starts. Gee PSD do you have a PHD and 2 masters in securities market? Did you have high positions in Price-Waterhouse, Mitsubishi banking or any securities firm; give lectures at $550 bucks per person (see prior posts).
I will give him a chance to change things around; I too have been here 2.5 years, my first post here was 10/13/2010. Don’t be afraid of changes, I had stop gaps placed with my investment with CGAQ, so I did not take a huge loss here, some have lost because they had grandiose visions, and busted because they did not put in any stopgaps, now only see any move the company makes is bad, but some still see this is something to stick around and see what happens. JMHO
Let's put a face with Frank Leiber, It seems to me he is a very heavy hitter with a boat load of credentials, if we need to pay him an arm for his services, CGAQ may get legs to run on.
http://pages.stern.nyu.edu/~sternfin/fleiber/public_html/index.htm
Militaryman1 read posts 38631 & 39090 this will give you all the understanding you need, form your own opinion. Good move CGAQ, I see Frank Leiber has a big background in IT and finance, did Mr. Swank bring him in because the Kiosks are just too big for him to handle?
Pictures of The Arena Del Cibao Dr. Oscar Gobaira for the CGAQ fight, I think George Sr and George (Monk)III will pack the house!
Here's some pictures and video of Gran Arena del Cibao Doctor Oscar Gobaira:
http://en.wikipedia.org/wiki/Gran_Arena_del_Cibao
http://mibahia.net/?p=108293
http://agente123.blogspot.com/2010/04/baloncesto-superior-de-santiago.html
You Tube packed house Video of the arena, gives the inside view of the arena.
THIS IS HIS SON, GEORGE IS THE TRAINER, 15 WINS NO LOSSES 14 BY KO!! NOT A SHABBY RECORD! YES GEORGE WILL ATTRACT A HEAVY CROWD!