MIAMI, Apr 28, 2006 (BUSINESS WIRE) -- Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) announces that Chris McGovern has been appointed the new President of Commonwealth American Financial Group, Inc. Chris McGovern has accepted the resignation of Kristin Mary Ryals, former president and CEO of CWFG. The company also announces that the majority shareholder interest has been purchased.
New Management of the company will be issuing news to the public in the coming days and disclosing their future plans for the company.
and minus 50%
are you in this stock? any other fundamentals?
They finally have a website!
and shares, a lot of shares...
Share Structure Dec 1st 2005.
14 Billion O/S
9.5 Billion Held in Restricted stock by Management 67%
4.5 Billion In Float.
any ideazzz?
About this:
QuoteST. PETERSBURG, Fla., Oct 04, 2005 (BUSINESS WIRE) -- Commonwealth American Financial Group, Inc. (PINK SHEETS: CWMF) announces that the company has received notification from the NASDAQ that the new symbol for Commonwealth American Financial Group is CWFG. The new symbol will become effective 10/3/2005 as of the commencement of trading. Commonwealth American Financial Group has also successfully negotiated to purchase a package of residential mortgage loans from Miami, Fla. The mortgages are short term and yield a 15% return to Commonwealth American Financial Group.
Do you know of a repository of information or news about the company before this date?
New company/management/CEO with a number of good PR's the past few weeks on contracts/aquisitions/lofty goals. The volume has been picking up and the PPS hit .0002 late yesterday after sitting on .0001 forever. News after bell was very good also...CEO wants to be on Nasdaq within a year w/o an R/S. :) May be setting up for a run. ;D
From company's new website. http://www.jamesmonroecapital.com
Dear friends,
Welcome aboard. You are now a part of James Monroe Capital Corporation. Hang on for the ride. For one reason or another, God has brought us together, and I believe that everything happens for a reason. As the servant of the company, it is my duty to benefit you to the utmost of my abilities. It is my duty to protect your investment as the steward of your money. I am not going to do a reverse stock split, and I will do everything in my power to help our company grow in every way. Watch our news updates closely. You are going to participate in buyouts, bargains, leveraged deals, new contracts, and profits not intended for the faint-of-heart.
Our team of deal-makers is experienced, aggressive, and shrewd. Our specialized team members have the strength of youth, the daring of the brave, and the wisdom of nearly 200 combined years leading in corporate America. Like a greyhound was meant to run, each of us were meant to do our part on earth. My part is to make your company grow. I disapprove of pump-and-dump schemes. If you want one of these—look elsewhere. This company is on fire. We are experiencing massive, steady, predictable growth that is real. Our deal-makers have grown their companies by at least twofold every year,... why would they stop now? My faith is in God and my faith is well founded. You will get a square deal if you stick with us.
Proudly,
Chris McGovern
President and CEO
Heard through another board that they may be posting share structure on website this week.
For those of you who have gotten the silent treatment from the old company, I have recieved a personal responses to each and every email I have sent to the new company. They have been courteous and addressed the issues I brought to their attention. I have a good feeling about this new company and CEO. Ryals didn't answer 1 out of at least 10 emails I sent her and she never answered the phone. Good riddance to that one.
Hi
I am glad finally there is going to be some action in this stock. I have been sitting in this for a long time.
If they are going to be listed on NASDQ the share price has to go to at least 1.00! How is that going to happen without a reverse stock split with stock currently at .0001! I wonder.
Will wait for the share structure before loading up.
Lalitha
If we are lucky, they are quietly buying back shares.
I was also thinking a buy back since who in their right mind would be selling now at .0001. It would be to their benefit to buy it back at the cheapest price possible. I certainly hope it's a buy back.
CWFG
30,307,012,880 Total outstanding Shares
50,000,000,000 Authorized Shares
15,267,260,340 Free Trading
15,039,752,540 Restricted Outstanding
Kevin, I don't know about you , but I'm holding large and getting stoked about this comapny. Even with the large O/S. Lets keep our fingers crossed for a buyback. Also looking forward to a shareholder meeting in Costa Rica!?
GLTY
New pics on the website of the Costa Rica site. Make sure you read the comments. Sounds Awesome. Can't wait to visit the finished product.
James Monroe Capital Negotiating Acquisition of Taylor Moffitt, LLC
Monday May 22, 8:30 am ET
CHICAGO--(BUSINESS WIRE)--May 22, 2006--Commonwealth American Financial Group, Inc./James Monroe Capital (Pink Sheets:CWFG - News) today announces that it intends to complete the acquisition of Taylor Moffitt, LLC, a real estate investment company. Because of price and ownership, the deal resembles what amounts to a reverse merger.
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Taylor Moffitt, LLC, an Iowa company, presently holds title to 10 properties: six 2-bedroom and three 3-bedroom rentals, and joint ownership of a warehouse building. McGovern and Taylor Forrester Moffitt have yet to decide what will be done with the three vacant properties, and the warehouse. Most likely the warehouse will go to Moffitt, since he stores his personal property there. Incidentally, that personal property includes a Rolls-Royce and convertible Hummers which Moffitt and has used as collateral to borrow money on a 1 year balloon loan at 100% interest from a private party, to invest in James Monroe Capital. Vacant houses will not be rented, but will be liquidated for capital that James Monroe Capital will leverage on a pending deal.
Moffitt commented, "We're planning something big that we have yet to unveil. The equity in Taylor Moffitt, LLC will be leveraged as seed money on a large arbitrage deal with 100% financing. I am really committed now. If James Monroe Capital doesn't succeed, I'm going down with it." The acquisition terms of Taylor Moffitt, LLC should be finalized within one week.
The company has posted pictures of the Punta Uva resort development property on its website, at www.jamesmonroecapital.com.
1.3 billion shares traded today!! after only 10 minutes!!
Huge volume today! Whats up?
Volume is over 2 billion now! I read on another board that when the volume hits 2 billion it show up as negative. Not sure how much, but we're definately over 2 billion. If it hits 4 billion we start back at 0. This is pretty crazy!
The negative volume number is working its way toward 0. I believe we're at almost 3 bil traded today!
bellwetherreport.com: The Bellwether Report continues to track the recent developments surrounding Commonwealth American Financial Group, Inc./James Monroe Capital
May 24, 2006 (M2 PRESSWIRE via COMTEX) -- Commonwealth American Financial Group, Inc./James Monroe Capital (OTCPK:CWFG), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service.
Commonwealth American Financial Group, Inc./James Monroe Capital Commonwealth has initiated a name change to James Monroe Capital Corporation anticipated change should take place within the next couple of weeks, The new company and its officers have chosen a business model of investing in undervalued real estate and businesses that can be acquired at deep discounts and rehabbed for a significant profit or kept in the company's portfolio generating cash flow and profits for the company and its shareholders.
Dr. Julio Jane, partner/developer, inspected the property, negotiated with the seller, and signed a letter of intent on a deal that will buy a $5.5mm (appraised) 31 acre beachfront property in Punta Uva, Costa Rica, for $1.5 mm. Bradford Funding will finance 98% of the initial loan disbursement of $3mm needed to close and begin construction.
James Monroe Capital will own approximately 43% of the corporation which already owns the land. The entire project is estimated to be valued at $20mm when completed 2 years from now. The closing is scheduled to happen in 90 days to allow time for due diligence.
Dr. Jane, who also has an MBA, will be overseeing the $10mm development project, along with Carr Pechtel, Sr., a Costa Rican land baron with an MBA from Harvard.
Yesterday, the company announced that that it intends to complete the acquisition of Taylor Moffitt, LLC, a real estate investment company. Because of price and ownership, the deal resembles what amounts to a reverse merger.
Taylor Moffitt, LLC, an Iowa company, presently holds title to 10 properties: six 2-bedroom and three 3-bedroom rentals, and joint ownership of a warehouse building. McGovern and Taylor Forrester Moffitt have yet to decide what will be done with the three vacant properties, and the warehouse. Most likely the warehouse will go to Moffitt, since he stores his personal property there. Incidentally, that personal property includes a Rolls-Royce and convertible Hummers which Moffitt and has used as collateral to borrow money on a 1 year balloon loan at 100% interest from a private party, to invest in James Monroe Capital. Vacant houses will not be rented, but will be liquidated for capital that James Monroe Capital will leverage on a pending deal.
Moffitt commented, "We're planning something big that we have yet to unveil. The equity in Taylor Moffitt, LLC will be leveraged as seed money on a large arbitrage deal with 100% financing. I am really committed now. If James Monroe Capital doesn't succeed, I'm going down with it." The acquisition terms of Taylor Moffitt, LLC should be finalized within one week.
Following this announcement, Commonwealth American Financial Group, Inc./James Monroe Capital has traded down 50.00% as this company consistently trades back and forth between $0.0001 and $0.0002, on unbelievable volume of over 510 million shares. The BWR Research Team will continue to track the developments surrounding Commonwealth American Financial Group, Inc./James Monroe Capital and many other exciting companies.
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Who knows if this is for real??? I'm in for the ride. Fully loaded at .0001, let her rip! Good luck to all and do your own DD!!!!!!!!
One thing for sure, we need to see more jump on board. It'll probably take a move to the OTC to get things moving. They don't seem to mind filling us in about everything, so I predict that will happen soon. I know for a fact that there are a few larger holders of 100 million or more shares. I don't know how they can get the price moving high enough to move to the NASDAQ if people have tight grips. They couldn't possibly buy enough back and retire the shares without giving up too much control. I guess they could do a company name and symbol change and a stock "swap" instead of a R/S . Just a thought. GLTA
I am new to pink sheets and, curious about it, I just looked up the thread with the latest post in this forum.
If I got it right, with CWFG.PK the lowest acceptable bid and ask is $0.001, and the next step is $0.002, with nothing in between. The chart for the past month shows trading on some days at $0.001 only, on other days between $0.001 and $0.002. Does this mean that in recent days it was possible to buy the stock at $0.001, for example 50 million shares, and sell them at $0.002 within one or two days?
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=21690;image)
Maestro, I am assuming you meant .0001 and .0002 instead of .001 and .002. I hold quite a few shares and have been ablt to partially fill a sell at .0002 in the past couple of weeks. About 5.5 million sold. It has been slow going. Won't be a quick double just yet. Still a good long play as far as I am concerned. GLTY
Tank you, Jmont. You're right, I got confused with all those zeros. I put in a limit order for some CWFG now, getting those zeros right this time.
Commonwealth American Financial Group/James Monroe Capital Closes Acquisition of Taylor Moffitt, LLC
Friday May 26, 8:30 am ET
CHICAGO--(BUSINESS WIRE)--May 26, 2006--Commonwealth American Financial Group, Inc.(Pink Sheets:CWFG - News) has successfully closed a deal to acquire Taylor Moffitt, LLC, a real estate investment company.
Taylor Moffitt, LLC, an Iowa company now owned by James Monroe Capital, holds title to 9 properties: six 2-bedroom and three 3-bedroom rentals. A 10th property, a warehouse, was not included in the deal. It was decided that the 3 vacant houses will not be rented, but 2 will be liquidated for capital that James Monroe Capital will leverage on a pending deal. One other vacant property, which is in poor condition, was, according to Moffitt, "unfairly" tax-assessed at nearly 14 times what the company paid for it. "Because we could never sell it for anywhere near that much, it is slated to be donated to a charity for an advantageous tax deduction." The properties are presently generating monthly income, but any properties that go vacant will be liquidated.
McGovern commented, "We have no intent of keeping these long-term. For now, the income is strong and they help the bottom line on our balance sheet, but they will be used as a stepping stone to greater things."
James Monroe Capital CEO, Chris McGovern and independent deal-maker Taylor Moffitt will both be interviewed by WallSt.net next week.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact:
Commonwealth American Financial Group, Northbrook
Chris McGovern, 847-418-3848
Source: Commonwealth American Financial Group
Looks like a new symbol on Tuesday
http://www.otcbb.com/asp/dailylist_search.asp?DirectSymbol=CWFG&OTCBB=False
Daily List Search
OTHER-OTC / PORTAL SYSTEM CHANGES
NAME/SYMBOL CHANGES
DL DATE DATE OLD SYMBOL/NAME NEW SYMBOL/NAME
05/26/2006 05/30/2006 CWFG Commonwealth American Financial Group, Inc. New Common Stock JMCP James Monroe Capital Corporation Common Stock
James Monroe Capital Resort Development Announcement
Thursday June 1, 8:30 am ET
CHICAGO--(BUSINESS WIRE)--June 1, 2006--James Monroe Capital Corporation (Pink Sheets:JMCP - News), has announced that its Resort Development could now be worth upwards of $30mm when complete. The increase comes because the development has been given the honor of being able to build an original Frank Lloyd Wright building.
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Frank Lloyd Wright has been called America's greatest architect. When he died, there were some designs that had not been built. Architect Charles Montooth, of Montooth & Hamblin, was Wright's apprentice from 1945 until the time of his death. Montooth will be overseeing the project the same way he supervised the construction of some of Wright's other original designs. Montooth & Hamblin will be designing the rest of the Resort, which will be "not on the land, but of the land," in true Wright style. Architect Floyd Hamblin commented: "Its pretty inspiring. I am incredibly enthusiastic about the opportunity to work with such natural beauty, and create something that will reflect that natural beauty and grace the landscape." Elements of the Montooth & Hamblin design will include open-air showers, rooftop planters, exterior rooms without walls, and dramatic, serene shapes.
James Monroe Capital CEO Chris McGovern said, "Having an original Frank Lloyd Wright on our resort is a lot like getting an original Picasso painting. It's a piece of art, and our target market loves it. Its construction will attract international attention to our resort, Rainforest Beach(TM), and we will be able to charge premium rates because the rare nature of the architecture will bring tourists from all over the world. This sort of project doesn't happen very often."
James Monroe Capital Announces New Talent
By BusinessWire
Last Update: 6/5/2006 9:36:05 AM Data provided by
CHICAGO, Jun 05, 2006 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP), has announced that new marketing talent, Dr. Vinton J. Lewis, has joined the team as an independent deal maker.
Several of Dr. Lewis' projects are well known. Dr. Lewis developed the concept of a kiosk for the City of Minneapolis, Minnesota. Dr. Lewis came up with McGruff the Crime Dog who says, "Take a bite out of crime." Perhaps one of the best feathers in his hat is this: the very concept of Fee-Based Financial Planning was his baby. It was the former VP, Dr. Lewis who popularized financial advisors for the old IDS (AKA American Express Financial Advisors). Today it has become an industry standard.
Dr. Lewis has scheduled James Monroe Capital meetings in Minneapolis this week. He commented, "This project is a once in a lifetime opportunity. With the calculated, opportunistic deals we have, and the financial leverage for added power, the potential for growth is phenomenal--very unique. I'm excited to be a part of the team. We're making progress already on a company which will be a new subsidiary of James Monroe Capital.
James Monroe Capital CEO Chris McGovern said, "We're very lucky to work with someone like Vint. He really pushes us to think bigger and bite off more, and he knows how to make things happen."
James Monroe Capital Announces New $5mm Project
Wednesday June 7, 9:54 am ET
CHICAGO--(BUSINESS WIRE)--June 7, 2006--James Monroe Capital Corporation (Pink Sheets:JMCP - News), has announced that they are working on a second resort development in Costa Rica.
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James Monroe Capital will be working on a timeshare resort, on the already popular West coast of Costa Rica, in Guanacoste. Dr. Vinton J. Lewis, independent deal maker, has commented, "Timeshare allows us to sell the same condo 50 times, one week at a time. The profits that can be obtained are substantially higher than a typical development."
Dr. Lewis has brought timeshare expert Bob Johnson to the team, who will head up the development as president of the subsidiary. Johnson said, "We have been approached by multiple land owners who would like us to develop their land. This places us in such a good position, with so many choices. I'm sending one of my guys, Richard Smith, another timeshare expert, down there in mid-June to do some final due diligence on the property which is by far our favorite. We have that property tied up for now."
James Monroe Capital CEO Chris McGovern commented, "The two resorts will be different from each other, but the timeshare resort will be a quicker profit center. We can also use the two of them to help add stability to the company. We also hope, in the future, to have the resorts profit from each other, sharing ideas for long-term success and earnings."
Dr. Lewis wishes to clarify a previous press release. He was not the artist who designed "McGruff," but selected the design for his original pitch to the Lions Club, where he made it happen.
Here's a link to another message board that has more discussion and info surrounding James Monroe Capital Corporation.
http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/8/t/022083/p/5.html
JMCP interview on Wallst.net
These guys are on the ball!
There have been a lot of PR's since my last post.
http://www.jamesmonroecapital.com/index-2.html
This one is about to take off. Get on board while you still can at .0001. >:D
Dividend to be payed in ONYI from JMCP. Just a matter of time before this runs. JMCP just keeps the good news coming.
Massive volume!
James Monroe Capital Enters into Talks with an Oil Company For a Possible Joint Venture
KILLEEN, Texas, May 03, 2007 (BUSINESS WIRE) --
Frank Love, the president of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce that James Monroe Capital has entered into talks with an oil company that has up to $270 million dollars of unrefined crude. The value of this inventory has not been realized due to two factors.
Firstly, the oil company needed financing to obtain the processing equipment to be placed at the various sites where this inventory sits. This will be one of the terms that James Monroe Capital may have to fulfill. In addition, this may help shareholders understand the reason behind acquiring a gold asset.
Secondly, the oil company needed the technical expertise through a solution in obtaining the oil from its present state. Frank Love states, "We are based in Texas (The Big Oil Patch) and with my knowledge and that of my contacts, we have helped to obtain the solution to this Company's rather complex problem."
Details will be announced in the very near future once the deal has been finalized.
Frank Love states, "This is an extremely exciting time for James Monroe Capital, its Subsidiary and its Loyal Shareholders. We could potentially have significant revenues."
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: James Monroe Capital Corp.
;D ;D
JMCP Acquisition Inc. Completes Acquisition of Gold Company
KILLEEN, Texas--(BUSINESS WIRE)--Frank Love, the President of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce that JMCP Acquisition Inc. has purchased Wales Holding Corporation, the parent company owning, Wales Gold Mining Ltd. The merger is complete pending approval of the Florida Certificate of Merger, expected momentarily. Wales is the Ghanaian-based company referred to in the previous press release dated April 26th, 2007. Wales is an owner in the mineral rights of the 23 square kilometer WD concession along the Ashanti belt.
The Ashanti Belt hosts some of the largest mines in the world, which include the Abbosso, Tarkwa, and Iduaprim mines. These mines have produced millions of ounces of gold.
WD has a world-renowned geologist heading up operations, and frequently outsources a team of highly respected geologists. WD is currently undergoing a 43-101 compliancy through SRK to further verify its positive results.
Frank Love states, "This acquisition by James Monroe Capital brings us one step closer in realizing our goal of finalizing our joint-venture with an oil company. At this time I do not want shareholders calling the company or myself. We are extremely busy and will not reveal any inside information. I will reveal additional information through further press-releases."
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
May 22, 2007 - 2:10 PM EDT
James Monroe Capital Enters into Talks with Suitor for Wales Holding Corporation
Frank Love, President of James Monroe Capital Corp. (Pink Sheets:JMCP), is pleased to announce that he has entered into talks with a suitor for Wales Holding Corporation. The directors of James Monroe Capital are defining a strategy with which to get the most benefit for all of the shareholders. The mining company is willing to wait for James Monroe Capital to finish its financing before it takes possession of the property.
Frank Love states, "If we accept their offer, our shareholders will receive shares in this mining company. The mining company has other assets other than our property. Specifically, they have an alluvial property located in South America that is extremely attractive and will be revenue-producing almost immediately. In addition, they are in the process of acquiring undervalued uranium assets that will make their company asset-rich. My advisors have shown me numerous reports that the price for uranium should grow exponentially in the next decade as demand for it increases due to China and India's growth as well as due to the deterioration of the environment.
"This sale will also allow our Ghanaian mine to get financed and be put into full-production and their management team can focus on that whilst ours could focus on the oil projects. We will want some executives that we have worked with in the past to be appointed as directors in the company so our interests will be protected. No decision has been made as of yet but we will keep shareholders updated.
"On another note, I am pleased to announce that I am receiving numerous calls from European Institutions that are interested in our stock. In addition, many want to have deeper discussions about them buying a larger equity position in our company. Based on the assets that we have presently and the expected revenues from our oil deals, this amount could become quite substantial."
This stock is about to move in my opinion. I believe a pr on the details of the royalty trust will move this for sure.