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CWMF - reconstruction hurricane play plus Forward Split soon

Started by eduardvs, September 14, 2005, 10:40:39 PM

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eduardvs

All news from yesterday - Wednesday the 28th

Commonwealth American Financial Group to Apply for Contracts Above $25,000
http://biz.yahoo.com/bw/050928/285520.html?.v=1


No Changes in forward split -
http://biz.yahoo.com/bw/050928/285620.html?.v=1


I'm in, this is super cheap and we're getting a free dividend of shares

runforthedoor


I'm waiting for my free shares here  ;D especially since it's standing still....needs some good news to go with the share give away to cause a runup.  ;D

runforthedoor


I even bought a few million more at .0003 today just for fun.  ;D

eduardvs

So did I, just another mill @ .0003

I figure this -

Think of this - You buy $300 of CWMF pre-split = 1,000,000

Divide that by 100 = 10000
Multiply that by 50 = 500,000

So your total shares = 1,500,000

So to get to even, you only need .0002 which is .0001 above the lowest possible price  without the stock totally disappearing and .0001 below the current .0003.

I would think this is a good entry if anything or anytime, but that's just me.

I'm in 8.2 mill shares soon to be 12.3 mill post split. Avg pre split was .0005, avg post split is around .00033 about.

Hoping for some awesome news here sometime

runforthedoor


  Exactly...downside risk w/low price and split make it attractive to me also..one good PR about some storm related revenue coming in and it may make a little run....post split w/a PR, this stock might have a one billion share volume day...that will be fun to watch.  ;D

runforthedoor


  For everyone who bought this stock...and are wondering about the FS and free shares, here's a link to some info...ex date is 10-03-05 and the symbol will change to CWFG.  ;)

  http://www.otcbb.com/asp/dividend.asp?sym_id=cwmf








lalitha0

Time for action!

Press Release Source: Commonwealth American Financial Group, Inc.


Commonwealth American Financial Group Announces Buy-Back of Its Common Stock of 1 Billion Shares
Thursday December 1, 2:32 pm ET

MIAMI--(BUSINESS WIRE)--Dec. 1, 2005--Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG - News) announced today that the Board of Directors has approved a buyback of its common stock on the open market. The Board also approved that the company will purchase up to 1 billion shares of its common stock. The planned buyback is subject to all applicable laws.

The Board Members also acknowledged that stock purchased from the buy-back program would be retired to the treasury and would not be issued again. The Board also reiterates that no reverse split is planned for the company.

Ms. Ryals, President and CEO, said: "We believe the price of our stock is well below what we believe to be fair market value for our company currently. We will continue to grow our business while enhancing shareholder value."

The mission of Commonwealth American Financial Group, Inc. is to invest in land development projects either as developer, joint venture partner, or lender and create mezzanine-financing opportunities. The company will also grow by acquiring subsidiaries in related fields such as construction, real estate brokerage-appraisal-management, in Florida, Texas and Louisiana.

The Company has established a website http://www.cwmf.net and trades under the symbol (Pink Sheets:CWFG - News).

FORWARD LOOKING STATEMENTS: This information includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to mange growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel as related to the industry. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this issue.

Contact:
Commonwealth American Financial Group, Inc., Miami
Kristin Mary Ryals, 305-913-7112, Fax 305-913-4101

--------------------------------------------------------------------------------
Source: Commonwealth American Financial Group, Inc.

More news in yahoo finance, check it out.

Lalitha

lalitha0