This is interesting, but quiet. The name change, move up from greys, and indications that more filings are forthcoming are all good signs.
As for the P&D claims, I'm not really seeing it but I could be wrong. About 300K+ were traded in two days, a fairly insignificant percentage of the last known share count. Since then, very little action. If that was a P&D, it was a fairly half-assed effort. In addition, these guys didn't sell into that run:
Barney A. Richmond, Director, President & CEO
4,750,000 shares
Richard C. Turner, Director, Treasurer & CFO
4,500,000 shares
Sherry L. Cherrix
33,200,000 shares
American Capital Holdings, Inc.
79,892,019 shares
(CIK#: 0001288012 CEO is Barney, CFO is Turner)
United States Financial Group, Inc.
13,600,000 shares
(CIK#: 0001045830 Nothing but S-1 filings from 1998)
What I would need to see here (and what I'm looking for) are several things:
1. News of who this group is affiliated with, especially in regards to the Assurance Group that is mentioned in the Ibox. Are there any plans in the works or is it just a shell looking for an R/M?
2. A TA that is ungagged. Maybe I'm not turning over the right rocks, but I don't see a TA listed at all.
3. Updated filings. The most recent are 6/08. The NT 10K is a start, but there are two years of information that need to be filled in. In fact, Barney and Turner have a LOT of paperwork that they need to get caught up on.
4. Since I do have a starter position here, all of that released at once along with huge contract announcements.
Ok, number 4 is wishful thinking, but I still want to see the other three.
