BB's Stock Haven

[STEPIN]

HCPC I have added @.0002. Have 15million shares now.
News within few days.











MUST LISTEN TO THIS INTERVIEW!!!

http://www.wallst.net/audio/audio.asp?ticker=HCPC&id=3884#profile

About 7 minutes into the interview:

WATCH FOR ONE MILESTONE!!!

DELIVER PACKAGED LOANS FOR FUNDING!!!

INVESTOR RELATIONS CONTACT:
Rick Razzeca, VP Investor Relations
[e-mail]

When will we hear something from the company?
READ THESE 4 POSTS
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25435515
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25366471
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25249867
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25305709

EVEN MORE DD!!! >>> http://investorshub.advfn.com/boards/read_msg.asp?message_id=25335209

How are they going to do this?

http://independentcapitalcreditcorp.com/index.html

Independent Capital Credit Corporation prepares real property and commercial revenue producing assets for funding.
We sell commercial mortgage loans in excess of $500,000 and make the loans available to investors nationwide.

Heritage Capital Credit Corporation
200 West Ninth Street
Suite 300
Wilmington, DE 19801
United States - Map
Phone: [phone]
Fax: [phone]
Website: http://www.heritagecapitalcreditcorp.com
COMPANY PRESS RELEASES
http://www.heritagecapitalcreditcorp.com/id12.html


Heritage Capital Credit Corporation Financial Statements

A pinksheet company with financial statements? NICE!!!

HERE THEY ARE >>> http://www.heritagecapitalcreditcorp.com/id5.html

Heritage Capital Credit Corporation Announces Stock Repurchase Plan
Tuesday October 9, 9:15 am ET

WILMINGTON, Del., Oct. 9 /PRNewswire-FirstCall/ -- Heritage Capital Credit Corporation (OTC: HCPC - News) announced that its board of directors has authorized a plan to buy back stock on the open market over the next year. The Company's plan includes using 35% of its income following each project funding to buy back stock.
The board's sentiment is that the current market price for the stock does not adequately reflect the intrinsic value of the stock and therefore, the Company should take advantage of the low price.

The Company expects to receive a 5% origination fee at the closing and funding of each commercial project. That cash revenue will be used for general and administrative expenses and to repurchase stock. The buy back is expected to reduce the number of shares outstanding, thereby increasing the value of the shares available. Revenues are expected to be generated by year end.

Shareholders have been asking if the Company is planning a stock reverse split. At this time, that is not in the plan. However, in the future it may be considered when a strategy is developed for moving up to a national stock exchange.

Heritage Capital Credit Corporation Announces Plans at Shareholders’ Meeting
Wilmington, DE – October 18, 2007- Heritage Capital Credit Corporation (OTC: HCPC) announced the election of directors and upcoming plans at the Shareholders’ Meeting today.
Prashant J. Patel, James M. Cloud and Gwendolyn C. Johnson were elected as Directors of Heritage. These directors will serve on the Board of Directors until the next Annual Meeting of the Shareholders or until their successors are duly elected and qualified.
Plans and Announcements:
Management of the Company introduced the following plans at the Shareholders’ Meeting. More information about each announcement will be forthcoming in press releases and on the website: www.heritagecapitalcredit.com.
• October 19, 20 and 21, our staff will participate in the Wealth Expo in New York in an effort to appeal to a broader span of institutional investors.
• Heritage expects to fund the first BCLOC, which will allow the Company to start its stock buy back program.
• Heritage is planning to launch a small commercial mortgage product to fund projects ranging from $500,000 to $1.5 million.
• A new commercial loan, named the TR2 Loan, will be rolled out. It is based on an 80% first mortgage and a 20% second mortgage that is flexible and provides an average interest rate that is lower than the current market rate.
• In early 2008, Heritage will introduce a residential mortgage product to answer the sub- prime crisis.
• Heritage will develop an action plan to merge with its conduit lender that will provide the capital infrastructure for launching new business and funding remaining BCLOCs in the pipeline.


Heritage Capital Credit Corporation Describes BCLOC
Friday October 19, 3:04 pm ET

WILMINGTON, Del., Oct. 19 /PRNewswire-FirstCall/ -- Heritage Capital Credit Corporation (Pink Sheets: HCPC - News) responded to questions at its Annual Shareholders' Meeting held on October 18, 2007. The number one key question that continues to be asked is "What is the BCLOC and how does it work?"
To address this question and to fully describe the BCLOC in plain language, the following is a comparison of the BCLOC with other lender funding.

In this example, Jane Doe has a business plan and wishes to acquire a commercial asset project (an office building, shopping center, hotel, apartment building, etc.) -- in this case an office building with a price tag of $10 million.

The Other Lender Route will necessitate finding a bank or other lender who qualifies her for a loan of perhaps 80% of the commercial asset project, with a down payment of 20% from Jane's pocket. She will need the services of a real estate lawyer.

What can go wrong after funding? Jane could face default and lose her 20% down payment along with her asset because of insufficient income from the project over several months' time or because of problems with her business plan, and may need to secure a second mortgage to secure cash flow for the project and to make payments on the first loan. Even so, bankruptcy is always a possibility.

The Heritage BCLOC route will never involve bankruptcy and does not require Jane to post 20% down. Rough spots in cash flow from tenants need not sink Jane's business plan. Here's how it works:

Jane's part: Jane provides Heritage with a letter of agreement showing she has worked out details of the purchase with the seller. Jane pays whatever legal fees, etc., are involved with this part of the process. She also provides Heritage with a business plan for operation of the asset and a signed agreement to acquire the commercial asset project. She will need the services of a securities lawyer with experience in real estate.

The role of Heritage: Once Heritage receives the signed agreement to acquire the commercial asset project and the business plan, Heritage will conduct due diligence of the project and if satisfactory, then:


1. Heritage sets up a special limited-purpose corporation for Jane,
controlled by a bank trustee. Heritage delivers the due diligence
materials with all the corporate documents to the investors to raise
money on behalf of this corporation to purchase the asset.

2. Jane's corporation signs a promissory note and acquires the asset with
the funds from the investors. Some of the proceeds from the note fund
an interest bearing corporate account (the CEA) that belongs to the
corporation. The CEA's sole purpose is to support payments on the note
in the event that the cash flow from tenants cannot do so.

3. Heritage greatly reduces the possibility of legal default by arranging
a guaranty contract for the corporation for the purpose of guaranteeing
the payments on the note in the event of an economic downturn or
unexpected consequences related to Jane's business plan. (In technical
terms, wrapping the BCLOC with a guaranty contract reduces the risk of
legal default on the note. Heritage uses proprietary software to
forecast the amount of time remaining until the CEA would conceivably
be depleted, during which time the corporation could continue in spite
of adverse circumstances.)

4. What if Jane is sued? She has no legal liability. Her corporation with
its CEA balance will suffer no loss as it is part of a trust estate,
pledged to the trust. State and federal courts have upheld this
situation.

5. How does Jane feel about all of this? She can withdraw funds according
to certain guidelines. Jane has no out of pocket costs for her
building's operating expenses. In time the note is paid-off and Jane
has choices, either to collapse the corporation's trust or to continue
on with it, with all the advantages of a corporation (debit card, tax
advantages, company car, stock passed on to her kids, etc.)

Meanwhile Jane can take cash out of her corporation within certain
guidelines related to her project's profitability. Eventually Jane owns
her corporation free and clear, including the asset and whatever
remains of the CEA.


Regarding the initial 21 clients who came to Heritage in 2004 and 2005, they provided a business plan and signed contracts for funding. Heritage is still waiting for signed agreements to acquire commercial asset projects, as required in Jane's part. Although none of the clients have been funded, some of them plan to honor their contracts and finish the application process to receive funding. Others do not.


Heritage Capital Credit Corporation (Ticker: HCPC)

Key points:

• Company: HCPC went public through a reverse merger in 2004.

• Business: Provision of loans (asset-backed) to borrowers, with the required finance raised by HCPC through the sale of securities to institutional investors.

The BCLOC loan product incorporates a credit enhancement feature, which not only guarantees repayments, but also gives the borrower the ability to build cash/ equity during the life of the loan. Institutional investors are also reassured with this credit enhancement feature as it protects their investment, ensuring the repayments of their principal investment plus interest (see Section B below for further details).

In addition, they plan to introduce three new loans shortly:

1. A small commercial mortgage product to fund projects ranging from $500,000 to $1.5 million.
2. A new commercial loan, named the TR2 Loan, will be rolled out. It is based on an 80% first mortgage and a 20% second mortgage that is flexible and provides an average interest rate that is lower than the current market rate.
3. A residential mortgage product to answer the sub- prime crisis.

• Earnings Projections:

Funding from an institutional investor has now been secured, for the purchase of $300 million of BCLOC Trust notes. It is likely that this funding source will now finance substantially in excess of the above-mentioned figure.

The company has an additional $400 million + in BCLOC loans that it also plans to finance in the future. This will be subject to additional funds being raised through the selling of additional BCLOC Promissory notes to an institutional investor. The total value of loans financed would then be over $700 million. Estimated pre-tax earnings have been stated by the company (in the interview on WallSt.net on 21st September 2007) as $0.08 pre-tax EPS, equating to $0.05 net EPS. This will need to be adjusted depending on any subsequent changes to the share structure from that date.

• Proposed merger with Conduit Lender:

At the shareholders meeting on 18th October 2007, Heritage stated that it will develop an action plan to merge with its conduit lender that will provide the capital infrastructure for launching new business and funding remaining BCLOCs in the pipeline.

• Uplisting Plans: The company plans to become fully reporting in 2008 and uplist, initially, to the OTCQX.

• Company Funding: Directors/ major shareholders have invested significant quantities of their own money into the company, in exchange for shares, to finance the development of HCPC over the last 4 years ( c.$3 million). As a result of this, the need for equity financing/ dilution has been reduced.

• Management: The senior management team consists of former GMAC Mortgage staff. This group has over 50 years experience in mortgage financing (see website for resumes).

• Institutional Investors

The Mazuma Corporation received 33.5 million shares of common stock issued as a result of the recent Private Placement Memorandum (PPM) by the company/ RegD Offering.

TJ Management Group, LLC received 28,200,677 shares of common stock issued as a result of the recent Private Placement Memorandum (PPM) by the company/ RegD Offering.


Business of Heritage: Special Purpose Entities (SPE's) and the Securitisation Markets

The following document summarises the business model that HCPC has adopted.

The Diagram in Appendix D provides a good visual overview of the structure/ process.

http://www.isda.org/speeches/pdf/SPV-Discussion-Piece-Final-Feb01.pdf

In addition, the following link contains a useful comparison of BCLOC loans vs the more conventional CMBS loans and is located on the company's affiliate company website: First Independent Financial Group:

http://www.firstindependentfinancialgroup.com/id6.html

Other useful websites explaining Securitization and Credit Enhancement as follows:

http://en.wikipedia.org/wiki/Securitization
http://en.wikipedia.org/wiki/Credit_enhancement

The finance for the loans (called 'BCLOC loans’) is raised by selling securities (called 'BCLOC Promissory notes') to institutional investors/ investment banks. The securities are issued by the BCLOC Trust, a Special Purpose Entity or SPE, set up by HCPC. The BCLOC Promissory notes have a credit rating of 'AAA'. A credit rating measures credit worthiness, the ability to pay back a loan, and affects the interest rate applied to loans. Generally, a security with a higher risk rating provides a higher rate of return for the investor. More information on the credit rating process is provided in the following links:

http://en.wikipedia.org/wiki/Credit_rating_agency
http://en.wikipedia.org/wiki/Nationally_Recognized_Statistical_Rating_Organization
http://en.wikipedia.org/wiki/Fitch_Ratings

Company Structure (refer to website for further details)

1. Commercial Mortgage Lending Segment

Subsidiary: Independent Capital Credit Corporation. Responsible for obtaining and closing the BCLOC Loan obligations ( Website: http://independentcapitalcreditcorp.com/ )

2. Capital Markets Segment

3. Credit Provider Segment

4. Proprietary Technology Segment


Company Financial Statements

http://www.heritagecapitalcreditcorp.com/id5.html

http://www.pinksheets.com/quote/quote.jsp?symbol=hcpc

The company intends to list on the OTCQX market tier offered by Pink Sheets LLC (see PR of Tuesday April 10, 2007). One of the criteria for this is preparation and submission of quarterly and annual audited financials. The current time-frame for this is by the end of 2007.

http://www.otcqx.com/otcqx/home

PR March 16, 2006 - Pink Sheets, LLC
Pink Sheets Introduces OTCQX -- A New Premium Listing Service for OTC Securities

http://www.pinksheets.com/about/pr_031606.jsp


SEC Filings

http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001390699&owner=include&c....


Florida Department of State, Division of Corporations: Filings

http://www.sunbiz.org

Search under 'Document Searches' which lead to the tab 'Corporation/Trademark/LLC/LP' and then tab 'Inquire by Entity Name.' Then type in 'Heritage Capital Credit Corporation'. The relevant filing page will then come up automatically.


Share structure

http://www.heritagecapitalcreditcorp.com/id15.html
As of December 31, 2007

Authorized Shares: 6,000,000,000
Outstanding Shares: Approximately 4,000,000,000
Float: Approximately 2,700,000,000

At this time, no shares have been repurchased by the Company and no shares have been sold by any officers or directors of the Company.



Additional Notes:

Information on share structure/ holdings updated on company website.

Insiders + family members with holdings +institutional investors: Combined total of these shares 55% of OS shares.


TA Info:

Interwest Transfer Company, Inc.
1981 East Murray Holladay Road, Suite 100
P.O. Box 17136
Salt Lake City, Ut 84117

Phone: [phone]
Fax: [phone]

Website: http://www.interwesttc.com/default.asp

DD and Key Posts

1. Company Valuation/ EPS Estimates

A. Part One

http://www.investorshub.com/boards/read_msg.asp?message_id=17691559

http://www.investorshub.com/boards/read_msg.asp?message_id=17691779

B. Part Two

http://www.investorshub.com/boards/read_msg.asp?message_id=19091053

http://www.investorshub.com/boards/read_msg.asp?message_id=19227681

2. Share Structure Analysis

Changes from 31st December 2005 to 31st December 2006 and Financial Investment in HCPC Business Development by Directors and Major Shareholders.

http://www.investorshub.com/boards/read_msg.asp?message_id=18103449

Changes from 31st December 2006 to 19th April 2007

http://www.investorshub.com/boards/read_msg.asp?message_id=19093983

Changes from 19th April 2007 to 30th June 2007

http://investorshub.advfn.com/boards/read_msg.asp?message_id=21927526

3. Further DD (Thanks Neil!): Insiders, Major Shareholders, RegD Financing and Company Plans

http://investorshub.advfn.com/boards/read_msg.asp?message_id=22942667

http://investorshub.advfn.com/boards/read_msg.asp?message_id=22943308

http://investorshub.advfn.com/boards/read_msg.asp?message_id=22945791

4. Proposal to become a (Community) Bank

http://investorshub.advfn.com/boards/read_msg.asp?message_id=22980023

http://investorshub.advfn.com/boards/read_msg.asp?message_id=22479066

5. PR Firm Gregory FCA: Appointment currently on hold until funding secured

http://investorshub.advfn.com/boards/read_msg.asp?Message_id=22841709&txt2find=gregory

6. CEO Interview with Wall St.net on 20th September 2007: Notes

http://investorshub.advfn.com/boards/read_msg.asp?message_id=23057408

7. Funding Source for Loans and Conduit Lender (Proposed Merger Partner for HCPC): Notes

http://investorshub.advfn.com/boards/read_msg.asp?message_id=23621245

http://investorshub.advfn.com/boards/read_msg.asp?message_id=23621607

http://investorshub.advfn.com/boards/read_msg.asp?message_id=23622391

http://investorshub.advfn.com/boards/read_msg.asp?message_id=23821096

http://investorshub.advfn.com/boards/read_msg.asp?message_id=23821414

http://investorshub.advfn.com/boards/read_msg.asp?message_id=23821579

http://investorshub.advfn.com/boards/read_msg.asp?message_id=23821725

http://investorshub.advfn.com/boards/read_msg.asp?message_id=23857147

http://investorshub.advfn.com/boards/read_msg.asp?message_id=23857689