Share Structure Market Value1 $2,848,801 a/o Aug 26, 2014 Shares Outstanding 211,022,270 a/o Mar 31, 2014 Float 75,018,272 a/o Dec 31, 2013 Authorized Shares 500,000,000 a/o Mar 31, 2014 Par Value 0.001
I want everyone to keep a close eye on $CGRA over the next few weeks. IMO this is it and its time for the company to come to life. Before the commencement of summer, they offered some new details about the company and then went silent. I have enclosed a good amount of due diligence for your reading. IMO the one asset that popped out to me was their dolomite and a piece of press they issued in April:
"We are now fully geared and currently in talks with many agricultural companies to supply them with dolomite. With the boom in the medical cannabis market and the recent legalization of recreational cannabis in some western states, we are positioning ourselves within the infrastructure of the business to provide legalized farming operations and growers with the dolomite needed for their soil enhancement. There are many uses for dolomite within the farming subdivision but to add the use of dolomite as a soil enhancement to legal \\\///[[[cannabis growers]]]\\\///, we are now positioned to aggressively pursue business in that sector and expect business to ramp up at a steady pace as acceptance spreads throughout the United States."
-------------------------------------- Assets From Quarterly filed 8/08/2014: --------------------------------------
---------------------------- CURRENT ASSETS TOTAL $ 8,157,768- June 30, 2014 : ----------------------------
Cash and cash equivalents $ 386- June 30, 2014 $ 1,246- Dec 31, 2013 Accounts receivable 37,846- June 30, 2014 88,393- Dec 31, 2013 Total Current Assets 38,232- June 30, 2014 89,639- Dec 31, 2013 PROPERTY AND EQUIPMENT, net 8,119,536- June 30, 2014 6,261,123- Dec 31, 2013 TOTAL ASSETS $ 8,157,768- June 30, 2014 $ 6,350,762- Dec 31, 2013
Contracting $ 23,523- June 30, 2014 $ 62,437- Dec 31, 2013 $ - $ - Mineral sales 12,728- June 30, 2014 21,144- Dec 31, 2013 - - Oil and gas sales 146,415- June 30, 2014 146,415- Dec 31, 2013
1) CGrowth Capital, Inc. Closes Escrow on Industrial Processing Site 2) CGrowth Capital, Inc. Completes Final Piece to the Puzzle With Wyoming Oil Leases
CGrowth Capital, Inc. Closes Escrow on Industrial Processing Site
Transaction Includes 20-Year Lease on Highly Desirable Minerals
SILVERDALE, WA--(Marketwired - Apr 9, 2014) - CGrowth Capital, Inc. (OTC Pink: CGRA) (PINKSHEETS: CGRA) (the "Company") is pleased to announce that it has closed escrow on a 47 acre industrial processing site in Stevens County, Washington. The property includes three tax parcels with 93,000 sq. ft. of industrial buildings, a 3,000 sq. ft. office, 600,000 sq. ft. of impervious surface, on site water systems, three phase power to all buildings, an evaporation pond and tailings pond, 19 acres of farm field open space for future product testing, and its own rail spur and rail scale house on the property. The Company is already performing specific enhancements and improvements to the property for its operations.
In addition to the industrial site, the Company also closed concurrently on a 20-year Mineral Lease that covers specialty items such as dolomite, terrazzo, silica, and all facets of construction, specialty, and agricultural rock. The lease includes 14 separately identified parcels, over 1,100 acres of land, and an estimated 300,000,000 tons of material. A valuation on the total lease value has yet to be determined.
"We feel like we just drafted a future hall of fame quarterback," stated an ecstatic Bill Wright, CEO of CGrowth Capital, Inc. "We may have a ways to go before we win a championship, but we just picked up a major asset to get us there!"
Mr. Wright continued, "The mineral leases that we acquired include a variety of colored rock and silica, along with the prized white dolomite. Dolomite and calcium carbonate is used in many different market segments, such as paper, polymers, building materials, and life science applications -- including pharmaceuticals and agriculture -- just to name a few. Even prior to closing the transaction we had buyers inquiring and purchasing the products."
"We are now fully geared and currently in talks with many agricultural companies to supply them with dolomite. With the boom in the medical cannabis market and the recent legalization of recreational cannabis in some western states, we are positioning ourselves within the infrastructure of the business to provide legalized farming operations and growers with the dolomite needed for their soil enhancement. There are many uses for dolomite within the farming subdivision but to add the use of dolomite as a soil enhancement to legal cannabis growers, we are now positioned to aggressively pursue business in that sector and expect business to ramp up at a steady pace as acceptance spreads throughout the United States."
The real estate purchase transaction was closed under a wholly owned limited liability company, along with a promissory note secured by a Deed of Trust. The Mineral Lease is based on a royalty payment. The Company pays the Lessor a per ton price for the variety of the assets removed from the quarries. The Mineral Lease requires a minimum royalty payment per year beginning January 1, 2015. <<<<<<<<<<<<<<<<<
CGrowth Capital, Inc. Completes Final Piece to the Puzzle With Wyoming Oil Leases
SILVERDALE, WA--(Marketwired - Apr 21, 2014) - CGrowth Capital, Inc. (OTC Pink: CGRA) (PINKSHEETS: CGRA) (the "Company") is pleased to announce that it has completed a Purchase and Sale Agreement ("PSA") for the remaining ~80% Working Interest in the assets and wells located on the Company's Wyoming oil leases. The acquisition includes 41 wells (some currently producing and some non-producing) along with the associated fixtures, pumps, and tanks for the current field operation on the leases located in the Powder River Basin. The Company closed the PSA through the assumption of certain debts of the seller. The purchase follows the closing of the valuable ground leases, along with the original ~20% Working Interest in a majority of the existing field operations, which occurred during the third quarter of 2013.
The acquisition now provides the Company with control of the field operations, allows them to provide direction and prioritization of the field development, and gives the Company nearly 100% Working Interest in the oil production from the fields. The Company has significantly increased its revenue potential in the field by increasing its overall Working Interest from ~20% to nearly 100%.
"We were not anticipating this opportunity to present itself to us, but when the call came in that the majority Working Interest was available, we delivered again and jumped at the opportunity to provide shareholders with increased assets and revenues," stated Bill Wright, CEO of CGrowth Capital, Inc. "We now have control of what happens in the field, can make a much stronger presentation for funding opportunities, and we will see much greater asset appreciation and revenue realization as the field produces and we prove out reserves."
Mr. Wright continued, "As an example of what this can mean to the Company, we sent a tanker truck out to one of our storage tanks after the weather began to break and the first pull of oil was in excess of 200 barrels. One of the wells, one that is on the list for us to perform service on, produced 30 barrels the day we turned it back on. While it does not guarantee that result every day on every well, it does show that we are moving in the right direction and we have a tremendous revenue opportunity in front of us."
I Luke Trader currently own shares in CGRA and still a buyer and seller. I am not an investment adviser and my posts/emails are my opinion only. At any time I may decide to liquidate my holdings in CGRA.
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