Replies to post #10862 on James Monroe Capital Corp (JMON)

[Kyoshi]

Cash, further thoughts...

I assume preferred shares were used to get the deals. But we are starting with nothing. They had to use something. And I much prefer them to use preferred shares to common, given the way penny traders evaluate those 2 classes differently. The only other option would be a reverse split.

And if Frank does not succeed this time, I doubt there will be another person taking over the shell after him, without a reverse split. The share structure will be un-workable. And then we will all have a near total loss.

So, I can accept some flamboyant pr language, and a bit of pumping, to get us out of the cellar, and in motion. I want more dividends from JMCP, to minimize my holding risk. Longer term, I totally agree with you, and want to see a transition to having actual results propel the stock, not a lot of pumps.

[PENNIEStoSTACKS]

4) Suddenly they are selling assets (wales) they don't even have

Have you ever flipped a property that you don't own outright?

If not its done by locking up the property with a small down payment and then finding a buyer before closing and flipping it to them.

Same thing appears to be going on here, that could be how the financing for the Oil deal will come together. JMO