New thread for a new COO, and a POSITIVE outlook for the company.....
Posted by Fairly_New on :
I'll 2nd that -- of course nothing really going on today
Posted by Danny K on :
another thread? CWFG has more threads than an xtra large t-shirt! Posted by JIF on :
Good one!
Yes it does - and more followers and support too.
I'm a big fan and I'm happy to see someone else taking the driver's seat. This tells me that the company has a strong board of directors or stearing committee that is serious about results and doing whatever it takes to get the job done.
So many of these pennies are fake, or lead by a egomaniac who has no accountability.
It's a good time to be in CWFG - IMHO.
Posted by Big Green 1 on :
I started this one at the request of a couple of others from the old thread....
Besides, I wear a XXXL!!!!!!
LOL
Posted by Danny K on :
I am right there with u JIF, i was ready to get out. but i figured i would stay in, maybe the lady in charge will take us up up and away. i am in real long now.
Posted by Danny K on :
quote:Originally posted by Big Green 1: I started this one at the request of a couple of others from the old thread....
Besides, I wear a XXXL!!!!!!
LOL
I know BG, was just givin u a hard time bro!! haha Posted by Big Green 1 on :
Hey guys......
Anyone have the feeling that with a new headhoncho, we may be in for a R/S.....
Guthrie stated in a previous PR that there was NO R/S planned "at this time."
Any thoughts- I'm wondering if now is the time to get as much as possible, and sit tight....
Posted by Rules on :
With new leadership, I am hoping for a stronger company that knows how to generate business and pr's.
Posted by Fairly_New on :
Ha anyone tried to call Guthrie & ask any follow up questions ?? -- Also I think we should have access to the new COO
Posted by Danny K on :
why buy into a RS? I mean the PPS should double, correct? But that puts us at .0002, with the easy chance of falling right back to .0001. I am missing the point of buying into an RS, fill me in. thanks
Posted by Polarbear17 on :
Do i hear .01 soon , maybe before the year is out , sitting holding 1mil at .0001 nowere to go but up from here ..
Posted by Big Green 1 on :
Not suggestingf anything about an R/S Danny - was just wondering outloud about Guthries previous statement......Thats all.
And, IF there was an R/S it doesn't necessarily mean the pps would double, at least I think that's right....
Anyone care to confirm that?
I would very much like to speak with this new gal. The PR still lists Guthrie as the contact, and havibng just thought of this....WHO IS THE BOARD OF DIRECTORS ANYWAY?
Still, I think we have GOOD THINGS headed our way!!!
Posted by Danny K on :
quote:Originally posted by Big Green 1: Any thoughts- I'm wondering if now is the time to get as much as possible, and sit tight....
BG, ^^ thats what threw me off. thinking you were talking about buying into a RS. And i dont know how the PPS works with an RS, i dont think there is a definate answer to the PPS question.?? Excuse my grammer, i am speed typing at work lol
Posted by Big Green 1 on :
'Bout time you went to work for a change.....
ROFL
Posted by Danny K on :
thanks BG, i work mon wed fri thank you very much! lol. Your one to talk about working, haha. tues and thurs, I take off for school and crap.
Posted by amos moses on :
Thanks for the (I hope) positive looking new thread. Has anyone got any background on Ms. COO or what has she done before to get this position?
I am into this with 4.25 Mill. (Not all bought as low as it is today) Naturally I have great hopes that it will increase. Thanks to all who bring NEWS to the sight.
Posted by Rules on :
Stock buyback is the real way to show investors that the company is for real. In return, investors will fund their company so that they can generate more business and revenue.
[ November 07, 2005, 16:11: Message edited by: Rules ]
Posted by shomethamoney on :
I agree Rules, but I think that this lady will make profits and then contemplate what her next move will be. I would hope that she would be more interested in getting the business off the ground than my shares - That's just my opinion. I know that my shares will take off with her efforts. I agree with others - we are going to go up from here.
Posted by Otttoman on :
Glad to see it move to 0.0002 today and hold for a while. At least it's doing something positive for a change. Does anyone know if Ms. Ryals will actually have an office somewhere, or will she just be living in a box somewhere with her cell phone like Guthrie. How come we have a board of directors and a new president but we can't hire a receptionist to answer the phones as if it were a real business? At least hire an answering service and pretend to be a real company. I'm invested in this one since before the forward split (based on some bad advice from this board, IMO, but still my decision/fault) and still don't hold out a lot of faith for this one going anywhere. There must be hundreds of companies bidding on federal money for contracts, and many of them have aleady gotten it and are working I would assume. And there are plenty of financial companies willing to give out short term high interest loans to the contractors who win the bids. I don't see what is going to make this company so special. I'm hoping to get my money back if we ever reach 0.0003 and then like Sky said on the last thread, this one's going to have to head to da moon without me. As you can tell I'm frustrated with this one. If anyone has any positive insight (even rumors at this point) it would be much appreciated. GLTA
Posted by Slippery Wing on :
Well, a very interesting day, to say the least!
Let's hope this trend continues, and we hear more good things from this new addition to the "staff".
I'd also like to see some shares bought back, but I seriously doubt the company has the $$$ to do anything of the sort.
...but a contract could fix that...
-Slip
Posted by Fairly_New on :
I left a message for Guthrie asking for access to our new COO, and an update ---
no response yet of course
Hey Slip why dont you send one of your e-mails, you've said he has responded to you a couple times
Posted by Rules on :
The new CEO is probably Guthrie's girlfriend lol Posted by Slippery Wing on :
I'll send him another one. I've had a few emails back and forth with him, but over the last week, he hasn't sent me anything.
I'll keep yall posted. Good to see that this thing is moving again!
-Slip
Posted by Slippery Wing on :
OK, this is what I sent him. I figure if I get a response on this one, I'll start prodding a bit harder.
-Slip
------------------------------------------------
Mr. Guthrie,
In interest of your recent PR regarding the appointment of Ms. Ryals as the new President and COO of Commonwealth, I have a few questions you might be able to answer.
I believe that this recent PR is good news concerning the growth and status of the company as it grows and tries to move forward. In the PR, Ms. Ryals makes mention that you are her predicesor. I would assume you are still the CEO of the company, correct?
Could you give us a background of Ms. Ryals previous work experience, and how that experience might be applicable to the Commonwealth business plan?
The PR mentions that the company is interested in acquisitions of entities that already hold contracts for development areas. Does this mean you are no longer applying for independent contracts?
All the best, and thank you for your time,
XXXXXX XXXXXXXX
Posted by Jmoove on :
just got home, good end to the day at .0002, heres to some solid buys tomorrow
Posted by Persia on :
Since yesterday, I actually smile when I see that I have shares of CWFG.
Posted by shomethamoney on :
Everyone - I just wanted to share something with you. Look at the news on FCDH. Market advisors intiated a strong buy on these guys for .05 in the short term. They are at .0006 right now. I bought 2.3 mil to average out some of my loss here. I still have 13 mil in CWFG so no I haven't dropped out. I just trying to pass good news along. Check out the news at OTCBB.com. Hope you all the best in your investing.
Posted by Fairly_New on :
Any ideas when the dumping will cease ? -- one big buy at .0001 and then plop
Posted by PhoenixStockMaster on :
Has anyone received news from Guthrie? I emailed him yesterday and have heard nothing from him. I want to know more about Ryals. Who is she and where does she hail from. It seems it's OK news but not good enough to get the stock up. Does this person even exist? I really question Guthrie with all that has been going on. I say if we e-mail and are not getting answers we call for a full investigation of Guthrie and CWFG.
Posted by Mack on :
fairly_new when somwone buys at a lower price then the pps the pps goes down--when someone buys at the ask it goes up...
Posted by Mack on :
fairly_new when somwone buys at a lower price then the pps the pps goes down--when someone buys at the ask it goes up...
Posted by Fairly_New on :
Thanks for the lesson Mack -- LOL
Posted by Mack on :
lol....
Posted by Slippery Wing on :
By the way, all of the shares today have been buys... (insider information!)
Posted by legal1082 on :
What up Mack! I've been out of pocket for a while. How's this one looking?
Posted by Mack on :
when they stop letting buys go through at .0001 it will move up
Posted by Mack on :
hey legal--this one is strating to look better--waiting for contact(pr) to come out
Posted by legal1082 on :
Sounds like a good time to jump in! I need to do some DD, but if your here, I might have to through a couple in the pot for good measure
Posted by Fairly_New on :
need to raise to bid to .0002 Posted by Fairly_New on :
Insider info ? ---- did you buy some more Slip ?
Posted by Slippery Wing on :
Yeah, I sure did, but I wasn't the first one. A guy on another board picked up 7 million before me.
Not sure where the most recent 2.2 million came from, though.
-Slip
Posted by legal1082 on :
Anybody have the web site for this company? I liked what they had to say in the last press release! I think they are in a great market for distressed property. But I don't know much about this company. Can I get a little help?
Posted by Slippery Wing on :
Be careful, I liked the PR, too, but that could just mean that Guthrie's PR writting skills are improving...
This one's still a gamble in my opinion.
-Slip
Posted by legal1082 on :
Thanks! I get excited when someone mentions real estate. Had to slow myself down and take a hard look!
Posted by PhoenixStockMaster on :
Well that's good news, I guess. But even still, who is buying? Guthrie? To make it look good? One never knows. I am still holding the stock hoping that all of this is just a short little nightmare and I will wake up soon and have enough money to build my home in Rome. Hehehe (just probably not from CWFG) I emaild Guthrie again today. Asking why I haven't received a response from him to my last 4 e-mails. I would love to see some background on the COO - and email address to contact her would be nice - a phone number would be better - Hmmmmmm - could we get a social security # and her Driver's license also - this way we can really check her background. HAHAHAHA
Keep on holding - a greener day will come!
Posted by PhoenixStockMaster on :
HAHAHA I believe it!
Posted by Superbee383 on :
LMAO! That was good! Posted by evokiosk on :
i'm also into FCDH for 1m, looks like it might have some potential... (actually just looking for creative ways to balance out from CWFG). still in this for 7.5m waiting for some real figures in the PR to be released.
Posted by Fairly_New on :
was that a buy a .00 ? for 3MIL ?
Posted by Big Green 1 on :
.00 what fairly?
Posted by Fairly_New on :
My time & sales showes a 3MIL buy at .00 12:33 Eastern time
Posted by amos moses on :
I thought this was going to be the NEW & IMPROVED thread. So far from the last few posts this thread ought to be dumped.
IMO The bit about Guthery moving out of country...though intended as a Joke should be reported to the web host as a fraud and purposeful miss information to some unsuspecting people.
Posted by Big Green 1 on :
Amos,
I can pretty much assure you that nobody on this thread so far has intended to mislead or misguide anyone....
Many of us have been riding this one for several months now, and a few are just blowing off some steam....
As for the new and improved part, that was in reference to the company PR... We're all in this together, and I honestly can say, it was in jest, not meant to harm anyone....
Look at it this way, at least there is no foul or offesive language on this thread as there have been on others...
HAVE A GREAT DAY!!!
BG1
Posted by Slippery Wing on :
I'd hate to think that investors actually take information from an annonymous forum as "good DD".
Posted by Fairly_New on :
Has anyone tried Guthrie again today ?
Posted by amos moses on :
Thank you big green for the information and a hardy agreement to the better language. Lets look to a great week ending in the green
Posted by Big Green 1 on :
Copy of the email I sent to Guthrie at 7:10PM 11/8/05 - We'll see if he replies....Keeping lots of things crossed, it's kinda tough on the eyes though...LOL
Mr. Guthrie,
A lot of the stockholders in your company, including myself are pleased with the announcement of your new COO. We would like to know more about this individual in order to feel more comfortable with maintaining our current investments, and the possiblility of additional investments as well.
Also, as the phone number for the company appears to be a cell phone, is there a new number for us to contact her? Perhaps a verifiable bio for her would be provided for us to review.
Additionally, we would like to know if the paperwork for your companies CCR registration has been completed, and the current status of FEMA contracts, anticipated award timing etc...
With the past lack of communication in the form of a PR, I hope you will be understanding of our concerns. Replies to individual emails just are not considered to be verifiable, though are truly appreciated.
Respectfully,
Investor in CWFG Ohio
Posted by dalton05 on :
News for 'CWMF' - (Commonwealth American Financial Announces the Formation of a Wholly Owned Emergency Services Subsidiary)
ST.PETERSBURG, Fla., Nov 09, 2005 (BUSINESS WIRE) -- Commonwealth American Financial Group, Inc. (Pink Sheets: CWFG) today announced that the Board of Directors has approved the formation of a wholly owned Emergency Services Division/Subsidiary.
The company will expand within the area of Emergency Services. The Division/Subsidiary will engage in the negotiations of prearranged service contracts with municipal, city and state governments. These contracts will be fully executed and in force for a period of time with fees to be paid included in advance. For disaster clean up services, theses pre-negotiated contracts will benefit both the government agencies charged with clean up of natural disasters as well as the company as contracts will be in place ready to go without having to bid at the time of the required disaster clean up.
The company currently is also considering several additional opportunities either by acquisition or mergers to increase its existing operations such as acquiring a general contracting firm with approved contracts already in place, division or acquiring/merging with sub contracting firms with contracts for services to companies that already have won bids and are ready to go.
"We believe, per the increased yearly damage due to hurricanes and other natural disasters in the communities served by the company that this is a natural fit for the company's operations and will generate another stream of revenue. The company over the next several weeks and months will undergo several other divisional changes and form certain other new subsidiaries to accelerate the company's objectives and success while maintaining no change in the company's capital structure while striving to enhance shareholder value," said Ms. Ryals President & Chief Executive Officer.
Posted by bmarley5780 on :
another good (small) step for CWFG.
Seems to actually be getting organized now
Posted by Jmoove on :
I think this lady might actually know what shes doing.
Gotta love "no change in the capital structure while striving to enhance shareholder value." I take that to mean still no r/s.
Posted by bmarley5780 on :
Ha - Jmoove- Nice spot, I looked right over it!
Posted by Guthrie on :
Ms. Ryals President & Chief Executive Officer
Not just the COO but the CEO......no more Guthrie!!!
Damn good thing!
Posted by Big Green 1 on :
The only concern I have is in the title of her job... Note the actual title given to her on the 7th.....COO
Now she is the CEO....
I'm not sure if it makes a difference in this company or not, but in a lot of companies, there are 2 positions, one of COO and the other of CEO... I took the following from our old thread...
ST.PETERSBURG, Fla., Nov 07, 2005 (BUSINESS WIRE) -- Commonwealth American Financial Group, Inc.(Pink Sheets: CWFG) today announced that Kristin Mary Ryals has been named President & Chief Operating Officer of Commonwealth American Financial Group Inc.
Posted by Jmoove on :
I hate to say it and risk jinxing us but the chart looks like we might be ready for a pop...
I've already lost a ton on this one...would be REALLY nice to get it back!!
By the way all, I was NOT trying to be negative with my post just above this one....Just wondering if anyone else noticed and had any concerns....
BG1
Posted by Danny K on :
""...in the company's capital structure while striving to enhance shareholder value," said Ms. Ryals President & Chief Executive Officer.""
Is Ms. Ryals President and chief Exec. Officer two different people. Maybe her and MrG said the same thing? This is considering she was COO monday, not CEO?? just a thought, a little play on words? thinking outloud here... But i would rather MrG be out of the picture.
Posted by Danny K on :
quote:Originally posted by Big Green 1: From your mouth to my wallet my friend!!!!
I've already lost a ton on this one...would be REALLY nice to get it back!!
By the way all, I was NOT trying to be negative with my post just above this one....Just wondering if anyone else noticed and had any concerns....
BG1
Thinking the same thing BG, my above post was not meant to be negative also. Just thinking outloud
Posted by Big Green 1 on :
Anyone see any Level 2's - 22MM so far, and Ameritrade doesn't show ANY level 2's....
Posted by PhoenixStockMaster on :
I don't think that anyone really knows whats going on at CWFG. It would be nice if our e-mails were returned. Now, since Guthrie is out - who do we e-mail? Whats the email address? Is there a new phone number to call? Is the number Guthrie's cell? Or, is there actually a land line we can call now? I am in too deep to get out now. But, I would really like some contact information - as I am sure all of you would also. Anybody have any thoughts??
Posted by Delicious on :
he phone # listed at the bottom of the PR for Kristen is the same as Guthries.
Commonwealth American Financial Group, Inc. Kristin Mary Ryals, 786-246-1077 Fax: 727-895-8735
Posted by Slippery Wing on :
Look at the contact info at the bottom of the PR.
New name, but is the phone number the same?
Maybe Guthrie is really out?
-Slip
Posted by Big Green 1 on :
We all need to just relax, and take a deep breath - If this lady is legit, and truly is in charge, it will take some time to get things in order....
We're all in this together, so nobody panic, and start selling at 1...
I say, let's give her a chance, maybe till the end of the year (after all, it's almost the middle of November), and see what happens...
Hopefully Jmoove is right, and a breakout is on the way...
Just my opinion....
Posted by Jmoove on :
the chart is right, but i think it will be a while before we get off of .0001
Posted by Big Green 1 on :
J -
Have you seen L2's for today?
Ameritrade doesn't have any showing....44MM volume so far....Seems kinda strange that no L2's are available....
THANKS!!
Posted by Jmoove on :
.0001x.0002 1x7
it has been .0000x.0001 with HDSN on the ask for most of the morn
Posted by Big Green 1 on :
Cool - THANKS!!
Posted by PhoenixStockMaster on :
kinda quiet on this stock today. I'm hoping everyone is out researching the new COO or CEO whatever she is and whoever she is. I am half tempted to purchase a ticket to St. Petersburg and camp out at the non-existant Suite 911. I think all stockholders should demand more information on who we are to contact and how we are to contact this person. The problem is just that - we can't demand anything - we have no idea how to get in contact with the COO and have been very unsuccessful in receiving any information from Guthrie. Ugggghhhh, frustrated and still holding. Why me? Why me??
Posted by Big Green 1 on :
Just FYI - I called the number, and got Damian Guthries voice mail, did not leave a message though...
Posted by PhoenixStockMaster on :
Ahhh Big - Im in with ya! I know we get a little impatient sometimes. But, so much has happened with this stock over the past month or so - I feel like I have been on a rollercoaster ride, and I am begining to get motion sickness. LOL Really, I feel that the information we are receiving from the CEO (be it Guthrie or the new, Kristen) is not complete. We are given only bits of information. How did CWFG aquire a new CEO. Was it not Guthrie who fathered this company? Why is he out now? Should we not have some background on the new CEO, or at minimum where she has experience in leading this company? Finally, how does the contact (cell) number stay the same under new leadership - unless Guthrie is in some way involved.
Posted by Jmoove on :
might start seeing some volume at 2
Posted by Slippery Wing on :
Yep. Need some buys at 2.
Posted by Big Green 1 on :
65MM - come on baby - move!!!!!!!!!!!!!!!11
Posted by JIF on :
quote:Originally posted by Delicious: he phone # listed at the bottom of the PR for Kristen is the same as Guthries.
Commonwealth American Financial Group, Inc. Kristin Mary Ryals, 786-246-1077 Fax: 727-895-8735
Well, it's her office now.
Posted by JIF on :
guys - just to let you know, I'm trying to sell a little at .0002.
Not because I want out - just because I have no liquidity and Ameritrade is pushing me for a Maintenance Call. It's stupid.
Posted by Big Green 1 on :
That may be true, but the cell phone number is still his.....
I really dont care at this point.....All I want to see is PPS going UP!!!!
Posted by Lu01eg on :
The cell phone may be the property of CWFG and he may have a seperate personal cell phone.
Posted by Big Green 1 on :
Call the number.....It answers Damian Guthrie Voice mail....
Posted by Otttoman on :
Press Release for Commonwealth Amern Finl Gp I Commonwealth American Financial Announces the Formation of a Wholly Owned Emergency Services Subsidiary 11/9/2005 8:30:02 AM
ST.PETERSBURG, Fla., Nov 09, 2005 (BUSINESS WIRE) -- Commonwealth American Financial Group, Inc. (Pink Sheets: CWFG) today announced that the Board of Directors has approved the formation of a wholly owned Emergency Services Division/Subsidiary.
The company will expand within the area of Emergency Services. The Division/Subsidiary will engage in the negotiations of prearranged service contracts with municipal, city and state governments. These contracts will be fully executed and in force for a period of time with fees to be paid included in advance. For disaster clean up services, theses pre-negotiated contracts will benefit both the government agencies charged with clean up of natural disasters as well as the company as contracts will be in place ready to go without having to bid at the time of the required disaster clean up.
The company currently is also considering several additional opportunities either by acquisition or mergers to increase its existing operations such as acquiring a general contracting firm with approved contracts already in place, division or acquiring/merging with sub contracting firms with contracts for services to companies that already have won bids and are ready to go.
"We believe, per the increased yearly damage due to hurricanes and other natural disasters in the communities served by the company that this is a natural fit for the company's operations and will generate another stream of revenue. The company over the next several weeks and months will undergo several other divisional changes and form certain other new subsidiaries to accelerate the company's objectives and success while maintaining no change in the company's capital structure while striving to enhance shareholder value," said Ms. Ryals President & Chief Executive Officer.
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.
SOURCE: Commonwealth American Financial Group, Inc. Commonwealth American Financial Group, Inc. Kristin Mary Ryals, 786-246-1077 Fax: 727-895-8735
Copyright Business Wire 2005
I find it interesting that this company has 2 known employees, no way to reach them by phone or in person, yet is planning on forming all these different divisons. Am I the only one?
Posted by Jmoove on :
HDSN has closed out his quote on the ask, and kept his bid at .0001, a little buying pressure and we might just see a few more mm's climb onto .0001
Posted by Otttoman on :
At least the price is up to 0.0002. One more tick and I'm outta here. This one will have to go to da moon without me.
Posted by matto on :
runnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn!!!!!!!!!
Posted by Otttoman on :
Back down to 1. What's going on with this.
Posted by Big Green 1 on :
Beats me, but I'm here till at least .005, ofcourse I may be older and totally BALD by then, but I'm hangin....
Posted by Otttoman on :
What the hell is wrong with being Bald? Hair is way over rated. If I wasn't already bald, this stock would sure help speed things up. If it get's to your expected price of 0.005, I can get a great toupee, LOL (if there is such a thing). For now I'll stick with my Mr. Clean look. Has anyone found any dirt on our new President yet?
Posted by johnny14511 on :
theres too many shares for it to go up
Posted by Guthrie on :
The number of shares is not the point....let a good news for the contract(more bids) and the price will jump...even if there is 3000 bil. shares.....
Posted by johnny14511 on :
hey gurthie weres my money ho
Posted by JIF on :
I wonder who wrote that pr and who proofed it.
I love what it says, but I can do without the grammar and spelling issues.
Nice to see them taking a serious possition now and responding as needed. This new chick better get on the ball.
These pr's are great to keep us updated, but REVENUES AND WINS are what we need to get new buyers on the stock!!!!
Posted by Guthrie on :
Look ITGJ in december that's my december pick! they have 3 bil. shares
You'll see...
Posted by Fairly_New on :
Hello everyone
Damn computer was down at work today so I only got to catch a little bit this afternoon....
It was good to see volume over 100 MIL with the new PR ---- I like the aggresive stance they are taking ......
This very well could turn into a real "growth" company....
As always holding tight to my 10 MIL
also....... someone said the chart was looking good.... can someone post a chart to this thread so it showes on the thread, not a link, with all the bells & whistles
Posted by Persia on :
Commonwealth American Financial Group Agrees to Joint Venture with NW Capital Partners, LLC Thursday November 10, 9:05 am ET
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Nov. 10, 2005--Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG - News) today announced that the Board of Directors has approved a Joint Venture project with NW Capital Partners, LLC., subject to all applicable laws and the complete execution of definitive contracts. ADVERTISEMENT
The companies will joint venture on the acquisition of 91 existing units (to be renovated or demolished) and 22 vacant building lots in West Palm Beach City Center, Florida for a cost of approximately $6,000,000 to develop medium and high density housing for an average sales price of $250,000.00 per unit with full financial projections and budgets to be announced.
NW Capital Partners, LLC (the Partners) was formed by the Northwest Communities Development Partnership, Inc. (the CDC) a Florida not-for-profit corporation, the CDC's mission is to use its community stakeholder resources, which includes working relationships with the City of West Palm Beach, land owners and developers-builders to facilitate the revitalization of the Downtown Northwest neighborhood.
"We are honored that NW Capital Partners has chosen our company to participate in this redevelopment project as partners as we believe this opportunity very worth while for the community and very lucrative for the company and its shareholders. The company continues to review other joint venture opportunities and look forward to possible participation in said ventures," said Ms. Ryals President & Chief Operating Officer.
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 manage 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.
Posted by Persia on :
You got to love this Mrs. Ryals... Posted by Jmoove on :
thats what im talking about :-)
Posted by Guthrie on :
Jump! Jump! Jump!
Posted by bmarley5780 on :
BOOOOMMM
about fricken time
Posted by PhoenixStockMaster on :
So are we going to see a spike from this news? Ummm probably not.
Posted by Mack on :
Awesome news!!
Posted by matto on :
Something will happen. there are numbers in this pr not just words. this lady rules!!
Posted by Jmoove on :
91 units x $250,000 = $22,750,000
Posted by Jmoove on :
gonna chew through 2 today hopefully
Posted by matto on :
This is the best part another pr soon. hey one a day works for me!!!!
"full financial projections and budgets to be announced".
Posted by DQ. on :
Sho hope so! I'm ready to see .005.
Posted by Jmoove on :
havent had premarket vol in a while
Posted by matto on :
MM GO AWAY, LET US PLAY!!!!!!!!!!!!!!!!
Posted by bmarley5780 on :
I like this woman!!!
Posted by Persia on :
You're not the only one Marley!
Posted by bmarley5780 on :
hdsn left .0001 real quick on 20 mill vol, JEFF is left on 1 but wont last long, i would think we better go through .0002 today. Even with 9 bill outstanding and 6 mill in revs puts us WELL above .0010, but then again remember the market makes the suitable pps
Posted by Slippery Wing on :
wow! new email address, phone number, address, and all!
Posted by bmarley5780 on :
someone call!!!!
Posted by Jmoove on :
bust through 10 day avg vol in 9 seconds lol
Posted by Slippery Wing on :
Now wonder guthrie didn't answer his emails. He doesn't give a rip any more!
Posted by Jmoove on :
BUMP the ASK!!!
Posted by matto on :
come on pull this train out!!!
Posted by Jmoove on :
cmon JEFF get off that ask!
Posted by Lucas Brachish on :
quote:Originally posted by DQ.: Sho hope so! I'm ready to see .005.
So many people were able to buy in at 0.0001 over the past month I'm seriously concerned that even with news of contracts (if the news ever comes) this stock will still have a tough time making it past 0.0005, much less 0.005 (which would be awesome) .... Because anyone who bought in at 0.0001 will be able to make a nice profit by bolting at 0.0002.
It was really stupid of them (the company or the MMs or whoever did it) to dilute last month at 0.0001 for this reason -- it not only hurts our chances of seeing a higher PPS, it also shows very short-term thinking on their part because if they'd diluted when the price was up they coulda made more money themselves as well (not that dilution is ever a good thing for the stock holders; it's only good for the diluters).
For those of us who have been stuck in this for months and have a higher average PPS, we'll need to see 0.0003 or more just to break even, but how will that happen with all the new profit-takers bailing at 0.0002? Could be rough. And I'm not convinced that there isn't still dilution going on -- here we've got some new PR's and a lot of volume, and yet the price is barely moving. I put out a small sell order at 0.0002 (which would be a big loss for me) as a test of the demand, but even though the PPS keeps bouncing to 0.0002, I'm not getting a nibble on my order... so it's not even a very strong 0.0002 yet...
I'll keep holding, but here's hoping a contract comes through soon and CWFG didn't blow all their PR money on these last couple of announcements -- 'cause otherwise we're gonna have to wait awhile for more PR, which could give the stock a chance to settle back to 0.0001 for good...
If anyone has a more positive analysis, I'm all ears.
Posted by Jmoove on :
Im happy with 3, 4 or 5 :-), im not greedy
Posted by Jmoove on :
HDSN back on .0001, we need ALOT more buying pressure
Posted by Jmoove on :
ok jeff is gone
Posted by JIF on :
I'll put in a buy at .0001. This should help.
But we need new buyers too. This pr is awesome, and finally we are seeing results. I think it's coming soon. IMHO.
Posted by Jmoove on :
and so is HDSN now, jeff and hdsn on the bid 300 signal
1x2 2x7
Posted by Jmoove on :
DOMS just moved to .0011 on the ask, this could get exciting
Posted by Slippery Wing on :
Huge volume. 94 million within first half hour...
Posted by fishfarmer on :
No guts no sausage boys and girls, ROLLEM!!! Posted by Jmoove on :
need some more mms on the bid, thatll take a few solid hits at .0002
Posted by JIF on :
LETS GO!
Posted by Superbee383 on :
quote:Originally posted by JIF: I'll put in a buy at .0001. This should help.
But we need new buyers too. This pr is awesome, and finally we are seeing results. I think it's coming soon. IMHO.
I put in a buy too at .0001. Anyone getting filled?
Posted by Jmoove on :
cmon go for 2, get this thing over the hump :-)
Posted by Doctoall on :
Nope no fill here either Posted by Slippery Wing on :
no trades for last few minutes... still at 94 mil.
Posted by matto on :
I only show 74,938,797 st
Posted by Slippery Wing on :
94,938,797 on Amer Trade
Posted by Jmoove on :
just need a few hits on .0002 to get her rolling
Posted by Slippery Wing on :
there we go, a few more shares traded!
Posted by matto on :
Now lets move bid!!!!
Posted by bmarley5780 on :
.0002 Posted by Big Green 1 on :
97,588,797 - MOVE BABY MOOOOOOOVE!!
Posted by Jmoove on :
really need to have a few more mms jump on that bid, traders still waiting for the ask to drop to 1
Posted by Jmoove on :
the faster Ryals releases details on the project the better
Posted by matto on :
I have a feeling we won't see that .0001 anymore!
Posted by Slippery Wing on :
lets go for 3
Posted by Slippery Wing on :
quote:Originally posted by matto: I have a feeling we won't see that .0001 anymore!
Don't jinx it man!
Posted by matto on :
Sorry your absolutly right> go,go,go,go,go cwfg!
Posted by JIF on :
We're going to get there. Just look at this chart for the last 6 months. It's been there before. And now, the hurricane rebuilding, along with this new news, should be all good things for them.
Posted by Slippery Wing on :
I'm just yankin' your chain man....
Anyone see the L2's on this?
Posted by Guthrie on :
who's selling at 1 ??? please guys sell at least at 2-3
Posted by Superbee383 on :
I just got filled at .0001. with a buy... I never thought it would hit. But trust me.. I don't plan on selling till it at least hits .0005, minimum!
Posted by Jmoove on :
schb on the bid now
Posted by matto on :
wait 1 year then sell for .50.OH I FEEL THE BID IS GOING TO MOOOOOOVE!
Posted by Slippery Wing on :
Gonna be tough to move this one... especially if buys are still going through at 1.
There are people out there who are looking for a quick 100% on their money, so I imagine this will bounce between 1 and 2 for a while...
-Slip
Posted by Jmoove on :
1x2 3x7
Posted by Jmoove on :
cant blame those that bought at 1 for selling at two but if i were them id just sit back and see where this goes bc really they have nothing to risk
Posted by Big Green 1 on :
hey J --
Would you mind explaining what 1x2 and 3x7 mean for those of us who are still trying to figuree it out?
THANKS!!
BG1
Posted by Fairly_New on :
Whoever sells this at .0002 or even .001 are really going to kick themselves later
Posted by Jmoove on :
bid building, doms just joined
1 (bid price)x2 (ask price) 4(# of mms on the bid)x 7(# of mms on the ask)
:-)
Posted by Big Green 1 on :
THANK YOU!!
Posted by Jmoove on :
no prob, sorry for the confusion
Posted by fishfarmer on :
Shakers should be kicking in!!
Posted by Jmoove on :
whys that fish?
Posted by Jmoove on :
theres a few people talking about it, but usually until shakerz05 chimes in on it, the group doesnt jump on board
Posted by Danny K on :
fish, allready... we havent even gone anywhere.??
Posted by Jmoove on :
shakerz is a yahoo/ihub group
Posted by Danny K on :
ohh opps.s... nevermind my above post. lol
Posted by Fairly_New on :
quote:Originally posted by Jmoove: theres a few people talking about it, but usually until shakerz05 chimes in on it, the group doesnt jump on board
What you talking about here J
Posted by Slippery Wing on :
Something to think about:
I find it interesting that Guthrie up and off loads his company to someone else, and completely removes himself from the company. All this BEFORE we are supposed to get contracts and make lots of money? Doesn't seem to smart to me!
Could be that CWFG was a shell all along, not a real company. Guthrie finds a buyer for his shell (CWFG), who already has a company, but wants to be listed on the pink sheets. She already has an office, phone number, etc...
Don't know if many of you remember this, but http://www.pinksheetshells.com/ used to have Guthrie's phone number and email address at the bottom of it.
Now it has a Yahoo! address....
Looks like we may have been on to him and he got scared.... ?
Just a thought, though...
-Slip
Posted by Jmoove on :
go to yahoo groups and search for sh akerz and mov erz, a couple people on that group board are talking about cwfg
Posted by Fairly_New on :
I guarantee Guthrie felt the heat from us.
Has anyone contacted Ryals to congratulate her and welcome her aboard ???
Posted by Slippery Wing on :
I agree, Fairly... but that leaves the big question:
If your company was about to get a ton of contracts, why would you sell out?
Posted by Fairly_New on :
I'm sure he took a more of a slient partner approach & untill someone askes Ryals the correct questions we wont know
Posted by shomethamoney on :
Hey Everyone,
Guthrie was scared and he never had any contracts, it was all garbage from him. He didn't even have a clue that his information was incorrect on the CCR website, and he didn't know that his bids would not be accepted becauase his info was incomplete. He did feel the heat, because I let him know personally what we were doing. He got out or is silenced. Wait until the next PR you won't see anything about him ever again. I will be seriously surprised. I think he sold the company to this MS. Ryals and it is for the good. I am holding my shares because she is the only one that has produced positive number PR. I would forget about Guthrie. I'm glad he's not mentioned it makes me feel like there is a legitimate shot at making the money back.
Posted by bmarley5780 on :
Amen
Posted by Slippery Wing on :
Concur, shome
Posted by Otttoman on :
Tring to sell some at 0.0002 to free up some cash. Is anyone having luck selling above 1?
Posted by Superbee383 on :
quote:Originally posted by Otttoman: Tring to sell some at 0.0002 to free up some cash. Is anyone having luck selling above 1?
I haven't/won't try selling at 2. I just bought at 1
Posted by Rules on :
I removed my sell orders. I like the new owner / CEO. The PR's are money and overall I can see true leadership here. I am much happier about the company and I am sure we will gradually start gaining in stock price as the company continues to grow and develop revenue.
Posted by Jmoove on :
hopefully we see some late day volume at 2
Posted by Rules on :
I now believe we are headed up!
Posted by Jmoove on :
i dont have any sell orders in either, Rules is correct (IMHO) its gonna take some time to build steam but when she goes, the chart is def primed for a run
Posted by jellybean on :
Might see .0004 today. There is very good news today with the joint venture in Florida. Good luck everyone. This stock is up in the weeks ahead.
Posted by Big Green 1 on :
.0004?!?!?
Ok Jellybean - what makes you think that?
not that I would mind though....
Posted by Guthrie on :
Take a look!
Company Contact: Kristin Mary Ryals Telephone (305) 913.7112 Fax (305) 913.4101
CORPORATE HEADQUARTERS 1111 Brickell Avenue Suite 1100 Miami, Florida 33131
Is she wearing more than one hat??? Same phone and more...
Big Green--- go to Yahoo.com financial web page and submit Cwfg. Read the news put out today. Also we have a new Ceo Kristin Ryals. More good news in the weeks ahead. Good luck on youy picks.
Posted by Slippery Wing on :
Interesting, isn't it Guthrie
What a great oportunity for Knowledge Protection Company, LLC to buy a pink sheet shell, and then merge with CWFG, then change the name. All so they could get traded on the pink sheets....
Hmmmm.....
Just evidence is all. Could be a good thing?
Posted by bmarley5780 on :
i think he knows. but I think te reason he asked you is b/c the vol is very weak to get to 0004...
Posted by Jmoove on :
would really like to see more news first on the details of the NW partnership, second, more details about the obvious shell fill
Posted by bmarley5780 on :
i dont see her name on that site? where?
Posted by Big Green 1 on :
Jellybean -
Stop posting garbage. Everything on Yahoo, is already known by all of us.
Nothing to indicate a run to 4 anywhere, volume is finally coming back, but IMO nowhere near enough to get us there...
Many of us on this thread have been holdign this for months, waiting patiently for good news, and now it may finally be coming our way.
Hey SLIP -
Keep thinkin positive buddy!!
Posted by Slippery Wing on :
quote:Originally posted by Big Green 1: Hey SLIP -
Keep thinkin positive buddy!!
I know it, man. Tryin, but it's hard to when it appears that you've had wool pulled over your eyes for the last month!
I think this will work itself out in the end, the question being: How long?
It'll be an interesting ride, that's for sure.
Still holdin.
Slip
Posted by Jmoove on :
we need a good 400-500mil vol day in order to see a real surge. At this point bid strength means alot, traders will buy when we get a good solid bid (3 mms out of 10 or so isnt a strong bid, esp at .0001). It will just take time to build the bid strength to support a move above .0002
Posted by bmarley5780 on :
i think he knows. but I think te reason he asked you is b/c the vol is very weak to get to 0004...
Posted by Thirb on :
bmarley- not her name, just phone numbers and address...
Posted by redneck woman on :
I called her number from the PR, there was at least a receptionist taking calls under Commonwealth, but the receptionist said no one Ms Ryals was not in and was unable to ring thru to her voicemail; however, the receptionist offered to try another extension and it went to her voicemail under "Knowledge Protect". I left a message, we'll see if she responds
Posted by Rules on :
Rome wasn't built in a day so when I say up for us, I mean up over the next several months.
Posted by shomethamoney on :
Slip I agree with Jmoove - hang in there. If you think we have waited a long time, go look at some of the other boards of people that have been waiting on some of these. It's taken 6 mo. for some of them to make it out to the light. I hope it doesn't for us, but it will be worth it when it does. The number one thing to remember is that this lady Ryals posted real figures, which we never ever saw from Guthrie anywhere on any company he owned. As for jellybean I understand you may want to post things to feel like you are helping investors, but put your time to better use and a more fulfilling role - go save the whales. Stand out on the beach and tell them why they shouldn't come to close to the shores maybe they will listen to you. Hey you can even go post on QBID conversation and tell them to save themselves from a lost cause. Just please do us a favor and save your time and thoughts and not post.
Posted by JIF on :
quote:Originally posted by Slippery Wing: I agree, Fairly... but that leaves the big question:
If your company was about to get a ton of contracts, why would you sell out?
Look - this company is in a rich part of Florida. And they have huge money which they invest in real estate.
I know some very rich people down there - and I'm telling you, it's a bunch of loaded guys playing with money and the real estate market.
So, JIF, What is your point? My point is this - if you manage a huge portfolio like this one, then you have a very powerful Board of Directors, investors and steering committee members to whom you answer.
My opinion, the guys with the money got serious and through him out. They know that right now is the time for CWFG to make it. And they put someone in the drivers seat that they knew would listen to them about how best to run the organization
And, I'm sure if they were unimpressed with the last CEO's performance, why would they let him continue to run the company going into a real hot time like this one.
JMHO
Posted by Slippery Wing on :
I agree, JIF, but you have to remember that a "Board of Directors" does not necessarily mean much.
You can form a company right now, and you, yourself, can be the President, VP, CEO, and COO, and you can ALSO sit on the Board of Directors, with no one else by your side.
So when I read: "The board of directors has decided..." it makes me smile, because I know that Guthrie was sitting there smiling too...
Posted by Pretorian on :
Guys, Don't want to break the growing optimism but until we have contracts and some SEC documents(i.e: 10Q/8K or even an SB-2)......all this could very well be dust in the wind......yet again!!
'cause if you on Edgard and look for CWFG, there is practically nothing. Which is ultimately why Guthrie managed to get away unscathed, since he never posted anything with the SEC; therefore can't be accused of fraudulent behavior...he just published-clearly-uncerfiable PR to us but not with the SEC.
All that to say, this "new" CEO until she starts publishing on EDGAR,it will be hard to believe anything. That's my opinion.
Posted by JIF on :
Yeah - but this is real estate investing. The CEO isn't using his own money to buy city blocks for redevelopment. He's buying those properties with weath capital provided by some huge whales.
At the end of the day, the money men have all the say in everything. Period.
The CEO is totally powerless if the money men put a freeze on the investment capital.
They through his punk ass out. He was probably an a hole that spent too much time on his speed boat and being pretentious.
Posted by Slippery Wing on :
Hey JIF, do you know what the portfolio looks like? I agree with you, so long as his real estate experience isn't just another lie...
Posted by Jmoove on :
Pretorian, they are a pinksheet company, no reporting requirement. They would have to apply for OTCBB status inorder to report
Posted by Slippery Wing on :
Not accusing you of anything mind you, I just haven't seen his real estate workings...
Posted by JIF on :
I'm not talking about him. Clearly, he's an idiot who was just fired at a time when the company started moving on without him.
I'm referring to their business and their business model based on what the pr says they are planning to invest in, and what is on the web site.
Posted by Slippery Wing on :
OK, I gotcha
Posted by Jmoove on :
bit of dumping going on
Posted by evokiosk on :
i disagree with your opinion
Posted by JIF on :
why?
Posted by Slippery Wing on :
The one other major thing I disagree with on JIF's post is if Guthrie was "running" CWFG as a shell, and really wasn't in the real estate business at all, which I still think is the case.
I think he posted PR's to keep shareholders interested so he could keep the shares trading while he found a buyer for the shell.
He finds a buyer, and then conveniently fades off into the sunset.
So, I would not be surprised if you see a merger/new name, etc in the near future.
Could be a good thing IMO, because if you buy a shell, it would be because you already have a company, but you want to be able to sell shares and generate money that way, but don't want to have to go through the filing process to get listed on the Pinksheets....
JMHO of course....
-Slip
Posted by Jmoove on :
Theres a reason that neither opinion really matters, bc this is the pinks, news and momentum move stock, and thats what we are here for; pps gains, not to "invest" in a company. No need to argue about the "running" of the company
Posted by JIF on :
i have no idea. All I know is that we got good pr and nothing happend. That stinks!
Posted by Slippery Wing on :
Agree with both of you.
Posted by evokiosk on :
i have a plan ,...
someone should try to take the new CEO out on a hot date and smooooooth talk her into doing some big business. then she'll be like, "ewwww i luv those shareholders and i want to bump the PPS up to .01"
this plan cannot fail,... just remember to bring flowers.
=)
Posted by Jmoove on :
the interesting thing is that Jeff, HDSN and SCHB were the ones that have sold shares at 1 and before the f/s at 2 and 3 when no other mm was selling. Couple that with the 300 sig, i think we'll see that once they get thier fill of .0001 shares this will move much easier (at all in this case)
Posted by jellybean on :
Big Green--- I am sorry that I offended your intelligence. If you stop bashing stocks maybe they will go up for everyone. Watch out for the SEC. I promise not to post anything more on this board. Good luck everyone on these lousy penny stocks which this board promotes.
Posted by Fairly_New on :
se ya Jelly
Posted by Thirb on :
Maybe jellybean is a real jellybean....bye bye
Posted by evokiosk on :
how did jellybean get a star? I used to have 12 stars but then they sent me an e-mail saying I was too good at this stuff and took them all away.
200 mil vol and stuck at .0001,...
e-trade also has 0.0000 for the ask and the bid
Posted by Big Green 1 on :
Thats ok Evo - I just gave ya 3 just cause man, you been hangin with us for awhile now!!!
I don't think Jellybean meant any harm, she (at least I think Jellybean is a she, would a guy have a handle like that?)is probably a newbie, and perhaps got a little excited.....At least I hope thats why she said .004
Either that or a REALLY BAD pumper!!!!! LOL
Here's to a BRIGHT GREEN FUTURE with CWFG!!!!
Posted by Jmoove on :
I would almost guarantee a PR tomorrow or Monday with projections, this lady moves fast ;-)
Posted by Big Green 1 on :
J -
Hey brother - have you been able to find out any details on this gal? I tried to google her, but cam up empty handed. Also tried whos who in american business, but came up empty there as well.
Thanks!!
Posted by evokiosk on :
thanks BG!!
Posted by Jmoove on :
ill do some real poking around tomorrow, in all seriousness though i really could care less who she is as long as the pps moves :-)
Posted by Lu01eg on :
I'm thinking it would be nice if this was Kristin Mary Ryals's sister (emergency management director Leigh Anne Ryals).
Posted by eddy on :
good volume today
Posted by Lucas Brachish on :
Good company, bad company, high volume, low volume -- whatever it is, we're not going to see an upward shift in PPS so long as people can still buy at .0001. The fact that sales are going through at that rate on a high volume day during a week when we've gotten some semi-decent PR shot our way is really bad ... We shoulda seen .0003 or .0004 and settled at .0003 or .0002 today, I think, if all was well. From there some good contract-related PR woulda shot it up like a rocket and no PR for a few weeks woulda dragged it back down... But if people keep buying and selling at .0001 this week, well, all I can say is: We have to have some contracts come through or this one will be dead for a while and hard to revive. I'm just crossing my fingers that this new COO/CEO or whatever doesn't pull a RS on us .... But even if she doesn't, she may want to raise more capital by selling more shares, which means more dilution.... But let's hope that's not the case. Contracts, contracts, contracts...
Posted by dalton05 on :
News for 'CWMF' - (www.****************: Market Gainer initiates coverage for Commonwealth American Financial Group Incorporated)
Nov 11, 2005 (M2 PRESSWIRE via COMTEX) -- Market Gainer, the fastest growing online financial newsletter, focuses on identifying companies that for various reasons have not performed well. These companies are trading down on the day but the decrease in share price may not necessarily make them a poor prospect for investment. In many instances the fundamentals of a company could still be solid.
Market Gainer seeks to inform its subscribers of the details surrounding the decrease in value of Commonwealth American Financial Group, Inc. (OTCPK:CWCG), a company that invests in land development projects either as developer, joint venture partner, or lender.
Share prices took a fall this morning, and continued to decline, as shares dropped 50 percent, trading at $.0001, down $.0001 from yesterday's close, and forcing an exchange of 125 million shares.
Commonwealth American Financial Group, Inc. today announced that the Board of Directors has approved a Joint Venture project with NW Capital Partners, LLC., subject to all applicable laws and the complete execution of definitive contracts.
The companies will joint venture on the acquisition of 91 existing units to be renovated or demolished, and 22 vacant building lots, in West Palm Beach City Center, Florida for a cost of approximately six million dollars in order to develop medium and high density housing for an average sales price of 250 thousand dollars per unit. Full financial projections and budgets are yet to be announced.
NW Capital Partners was formed by the Northwest Communities Development Partnership, a Florida not-for-profit corporation whose mission is to use its community stakeholder resources to facilitate the revitalization of the Downtown Northwest neighborhood.
"We are honored that NW Capital Partners has chosen our company to.............
To view the full Market Gainer report on Commonwealth American Financial Group Incorporated, please visit www.**************** for a complimentary subscription to the newest and most exciting online financial newsletter on the market. No Credit Card information needed.
The Financial Information and Financial Content provided by **************** is for informational purposes only and should not be used or construed as an offer to sell, a solicitation of an offer to buy, or endorsement, recommendations, or sponsorship of any company or security by ****************. You acknowledge and agree that any request for information is unsolicited and shall neither constitute nor be construed as investment advice by **************** to you. It is strongly recommended that you seek outside advice from a qualified securities professional prior to making any securities investment. **************** does not provide or guarantee any legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or informational source.
Posted by eddy on :
one great point is-it held the .0001 bid yesterday-never did get the rest of my order filled, just a partial yesterday morning-that is a good sign-jmo
Posted by Thirb on :
Finally!
MIAMI, Nov 11, 2005 (BUSINESS WIRE) -- Commonwealth American Financial Group, Inc. (Pink Sheets: CWFG) today announced that the Board of Directors has accepted the resignation of Mr. Damien Guthrie as President and CEO.
The company with regret has accepted the resignation of Mr. Guthrie and will continue with its stated business plan and objectives. Ms. Kristin Mary Ryals as previously announced has been named President, CEO and COO of the company. Mr. Guthrie will no longer have any affiliation with the company whatsoever.
The company will also move the corporate office previously located in Tampa, Florida to Miami, Florida as the company believes the relocation will be better for the business.
"The company will continue the business plan established by Mr. Guthrie in a aggressive manner actively pursuing contract bidding, joint ventures and other revenue producing prospects." said Ms. Ryals President & Chief Operating Officer.
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 manage 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.
SOURCE: Commonwealth American Financial Group, Inc.
CONTACT: Commonwealth American Financial Group, Inc. Kristin Mary Ryals, 305-913-7112 Fax 305-913-4101
Posted by eddy on :
thanks!
Posted by JIF on :
why would they move to Miami?
How long does all of that take? How big is the office? These changes, although they appear to be "activity" are sometimes counterproductive.
I hope they focus on winning the FEMA contracts, etc, and not focus on packing boxes and shipping crapppp to Miami.
Posted by Jmoove on :
The move is to Ms. Ryals office, effective immediately. This is probably the reason that nothing was in the office at the previous location (i doubt much would have been there anyway besides a phone and fax). Check out: www. kp rotect. com to see the new office site. Lets see some good bid build up today!
Posted by Danny K on :
now thats news!! i like this chick, I might be the first to try and date her... hahaha
lets get a good bid support, we only made it to 3 MMs on bid yesterday right J?
Posted by Jmoove on :
we had 4 for a while, but yeah ended (and still have) 3 mms on the bid, we get to 5 or 6 we will start seeing some good pressure for mms to start moving off of 2 imo
Posted by JIF on :
that would be grrrrrrr8
Posted by beergas on :
So what's up with k protect? Just some service. g/l with nice news. RE is one field chicks can do well in. Esp in NYC & FLA.
quote:Originally posted by Jmoove: The move is to Ms. Ryals office, effective immediately. This is probably the reason that nothing was in the office at the previous location (i doubt much would have been there anyway besides a phone and fax). Check out: www. kp rotect. com to see the new office site. Lets see some good bid build up today!
Posted by Rules on :
Yes, $10 here we come Posted by JIF on :
Kprotect (Knowledge Protection Company) is in the Brickel Avenue building.
Jmoove - is this the building they are moving into? It looks like a really nice building.
Posted by evokiosk on :
the building could be a stock photo or any photo off of google image search that their web designer found.... i know from experience. =)
Posted by Jmoove on :
.0010 would be great at this point, thats a cool $20 grand or so for me :-)
Posted by Danny K on :
anyone tried some old fasion guesstimate projections for the re-development project?
Heres my shot at it, could be wayyyy off like we all know. But she says they are developing it, not building. So i take that termanology litereally, but we wont know for sure till she says so in BOLD letters.lol
250,000/4 = 62,500 sale price per lot
deduct:
24,000 per lot development cost 25,000 land acq. cost
________________________
13,500 profit per lot
92+22=114 total lots, this is obviously redeveloping at the same UPA.
114 X 13,500= 1,539,000
-300,000 for contingencys
profit speculation: 1,239,000 (remember guys, this is based my guesses. with out land cost, ac., UPA, ect its hard to make a rock solid guess. but this is just working backwards with what i have) But she also mentioned high density, if that is the case, expect land acquisition cost would drop dramatically.
anyone have some input??
Posted by JIF on :
I agree with Jmoove on this. I could see .001 if we get a couple of solid pr's in the near future.
Nothing like solid revenue on the books to establish a fair market value.
Posted by Slippery Wing on :
Here's my guess. The next PR we see will be titled something like:
"Unfortunately, CWFG did not win any contracts, and therefore the JV is null and void..."
(You might see that one, but I doubt it, as you rarely see a negative PR)
Then after that...
"CWFG is proud to announce a merger agreement with Knowledge Protection Company"
And then after that....
"The new focus of the new company is to..."
I see it coming...
Just my opinion.
-Slip
Posted by eddy on :
from another board------------------- Posted by: coinstarz In reply to: jgbuz who wrote msg# 350 Date:11/11/2005 9:58:39 AM Post #of 355
This is a good news. Guthrie is Astrom's man. His resignation will boost the PPS.
Northwest Communities Development Partnership, Inc. is legit company. Check www.sunbiz.org.
"In the business world, the rearview mirror is always clearer than the windshield." - Warren Buffett
NORTHWEST COMMUNITIES DEVELOPMENT PARTNERSHIP, INC.
Posted by Big Green 1 on :
Noplace to go but UP from here on in!!!!
Posted by Rules on :
Boys and Girls, I do beleive we are going up. I would personally like to thank..........oh wait, that is a little too fast I am not selling any time soon. It is just great to see our company boot the crappy CEO Guthrie and put into place a real CEO along with a real company with soon to be real profits.
Posted by JIF on :
Somebody buy at .0002. Let's shake these mm's off and get this thing rolling!
Posted by Rules on :
Come on .0003!
Posted by Big Green 1 on :
Rules,
That was funny.....
A long list of thank you is in order soon, at least I think so...
Posted by shomethamoney on :
I left Guthrie a message on his phone that just because he left the company doesn't let him off the hook from false representation. I love to see crack heads like him sweat. I am going to drive him all the way back to Australia if possible. I will get my money's worth out of this guy I can promise you that.
Posted by JIF on :
hAHAHA. I wonder if any of these CEOs ever get stalkers or muggers out of this.
I mean, good lord, some crazy dude looses his shirt on one of these boards, then tracks down the Guthrie and burns down his house or keys his car, or something.
Hahahaaaaaaahaa.
I would hate to be the CEO of a failed penny stock.
Posted by JIF on :
It looks like we're back to .0001. We'll probably flirt with .0002 about 5 times today.
up 100%, down 100%. Makes me ill to watch it.
Posted by Fairly_New on :
I would like to see Ryals do a share buyback ---- anyone hear from her yet ?????
Posted by Slippery Wing on :
That would be a step in the right direction, Fairly, but I think it'll be a while before she does that.
It'd do wonders for the share price!
Posted by shomethamoney on :
Jif there are other ways of getting a person than physical violence. I don't know where you come from it sounds like a bad part of town. I am talking about OTC and the law. It's one thing for a company to lose money, it's another thing for a person to lie to get people to invest. That is called stealing if you haven't heard. There are laws against what Guthrie has done and he is about to find out. Any person can be tracked down by investigation and law. It may take some time, but when I think about all of the money he has used from good people on this board it helps drive me. You may fight with guns and knives but I prefer the law and court. This is definitely not my retirement, but with all the money that he could be subject to, that in itself could be a good paycheck for me as well as others.
Posted by JIF on :
let's go.
Posted by RookieTrader on :
Hello,
I was looking over some of the post on CWFG and there seems to be several different opinions. The last is that this stock is on its way up. I can see the potential and the cost of getting in with a significant amount of share is very low. It seems to me that the benefit of the stock taking off greatly out weighs the risk of losing money. My plan of attack is to invest a small amount and wait it out. I was wondering if that is the approach that any of you are taking. I am very new to buying stocks and I don't want to get started off on the wrong foot.
Thanks
Posted by Slippery Wing on :
Good plan, rookie.
Look at it this way, invest at 0.0001. NO HIGHER. Every up tick in the price per share means you have earned your money back that many times over.
If the pps is at 0.0003, you've made 300% on your money.
The real question becomes: How long will it take to get there?
That's what we're all in limbo of.
If you're a true newbie, I suggest staying away from this one. Cut your teeth on an OTC stock. As you have read in this board, there are some shenanegans going on in Pinkie world.
-Slip
Posted by TalonSin on :
My spider sense is tingling...
(New CEO comes in and calls for a RS to fix the PPS. It was Guthrie who said no RS and now he is gone.)
I pray I'm wrong and maybe I'm just having a bad day but it is possible...
Posted by JIF on :
quote:Originally posted by shomethamoney: Jif there are other ways of getting a person than physical violence. I don't know where you come from it sounds like a bad part of town. I am talking about OTC and the law. It's one thing for a company to lose money, it's another thing for a person to lie to get people to invest. That is called stealing if you haven't heard. There are laws against what Guthrie has done and he is about to find out. Any person can be tracked down by investigation and law. It may take some time, but when I think about all of the money he has used from good people on this board it helps drive me. You may fight with guns and knives but I prefer the law and court. This is definitely not my retirement, but with all the money that he could be subject to, that in itself could be a good paycheck for me as well as others.
I'll sign a class action law suit. Just show me where to put my pen.
Posted by JIF on :
quote:Originally posted by TalonSin: My spider sense is tingling...
(New CEO comes in and calls for a RS to fix the PPS. It was Guthrie who said no RS and now he is gone.)
I pray I'm wrong and maybe I'm just having a bad day but it is possible...
Don't jynx us man!
Posted by Rules on :
quote:Originally posted by Big Green 1: Rules,
That was funny.....
A long list of thank you is in order soon, at least I think so...
Cool, you can thank me in shares. You could either send me $10 or give me 3 million shares of CWFG as that is about the same Posted by Polarbear17 on :
To Newbie . i too am new at this ,so i decided to invest $100 and pick up 1mil shares at .0001.My advice just sit back and watch the ride closely. As soon as it pops get out .Looking for a run of about .0005 on his one with news of contracts . One thing you have to have is an exit point, or your toast .
Posted by JIF on :
we're going to uptick to .0002 right now.
Posted by Rules on :
quote:Originally posted by JIF: we're going to uptick to .0002 right now.
I have noticed that we are moving into .0002 territory easier now. That is a good sign as .0001 is getting eaten up.
Posted by Jmoove on :
The bid is .0001 the only place for buys to go is .0002
Posted by Slippery Wing on :
A bit lighter volume at this point today compared to yesterday. Not by much, though.
Posted by Thirb on :
You'll know how I feel today!!
Posted by Superbee383 on :
Geeezus H!! LMAO! I about fell out of my chair here.. and VERY glad I wasn't drinking my coffee, or it would have been ALL over the screen.. LOL
Posted by Fairly_New on :
BUY BUY BUY
Posted by agrimac on :
CWFG
Posted by agrimac on :
CWFG (BSNS WIRE) Commonwealth American Financial Group Announces the Resignation o Mr. Damien Guthrie as President and CEO Commonwealth American Financial Group Announces the Resignation of Mr. Damien Gu hrie as President and CEO
Business Editors
MIAMI--(BUSINESS WIRE)--Nov. 11, 2005-- Commonwealth American Financial Group, Inc. (Pink Sheets: CWFG) today announced that the Board of Directors has accepted the resignation of Mr. Damien Guthrie as President and CEO. The company with regret has accepted the resignation of Mr. Guthrie and will continue with its stated business plan and objectives. Ms. Kristin Mary Ryals as previously announced has been named President, CEO and COO of the company. Mr. Guthrie will no longer have any affiliation with the company whatsoever. The company will also move the corporate office previously located in Tampa, Florida to Miami, Florida as the company believes the relocation will be better for the business. "The company will continue the business plan established by Mr. Guthrie in a aggressive manner actively pursuing contract bidding, joint ventures and other revenue producing prospects." said Ms. Ryals President & Chief Operating Officer. 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 manage 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.
KEYWORD: NORTH AMERICA FLORIDA UNITED STATES INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING COMMUNICATIONS MARKETING CONSTRU TION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & MP; REAL ESTATE PERSONNEL SOURCE: Commonwealth American Financial Group, Inc.
CONTACT INFORMATION: Commonwealth American Financial Group, Inc. Kristin Mary Ryals, 305-913-7112 Fax 305-913-4101
Posted by JIF on :
lunch time always slow.
Posted by Thirb on :
it's a strong 2 now...
Posted by eddy on :
looking great for the coming weeks!
Posted by QuestSolver on :
I am sitting on 5 million shares of this based on a tip weeks ago...it only hit .0003 once since I bought it and it was for only an hour or so,is this going anywhere at all before a RS?
Posted by Slippery Wing on :
That's a good question, Quest.
Who knows where the stock is going from here, or what direction the company is going in.
I'll post a rundown of the DD I've done...
-Slip
Posted by Slippery Wing on :
Here are some facts.
Damian Guthrie has been involved with as many as three (possibly more) different companys within the last two years. All have "merged" with other companies in a matter of months. None of them ever showed income.
Damian took over as president and ceo of CWFG, has posted PR's about submiting bids for contracts for rebuilding the devestated gulf coast areas.
None of the contracts have been awarded to CWFG as of yet.
CWFG never showed any income or revenue, and never posted any financial statements in the time that Guthrie was President.
The company offered a forward split when the PPS was around 0.0005. Guthrie stated that this forward split was "for the investors" in appreciation of their support.
Commonwealth does/did in fact have a small office in St. Petersburg, however when a call was placed to a secretary in the same office building, she noted that CWFG does in fact rent that office space, she has never seen anyone in the office, and as far as she knows, there is a small desk and a fax machine in the office. The office does not display the CWFG name on the door. No one has ever seen anyone go in or out of the office, and no one has ever met Mr. Guthrie, as far as she knows.
Mr. Guthrie is in the pinksheet shell business. He owns and maintains http://www.pinksheetshells.com. Until recently, he listed the same phone number and email address at the bottom of the mentioned web page as the one published as the contact information of CWFG. Recently, that information has been removed, and has been replaced by a new *yahoo.com address. Guthrie still owns the web site domain, which is public information.
Initially, CWFG announced the addition of Ms. Ryals to the company, and her postion would be President and COO. That PR never mentioned what role Guthrie would maintain, but his current title was CEO, so it was assumed that Guthrie was still the CEO of CWFG.
Note in that same PR Ms. Ryals statement: "I would like to thank the Board of Directors and my predecessor Mr. Guthrie..."
A follow up PR announced a new, wholly owned subsidiary, however wording in the PR lists Ms. Ryals as "President and CEO".
The next PR announced an agreement to a Joint Venture with NW Capital Partners, LLC. In the opening paragraphs, the joint venture is "subject to all applicable laws and the complete execution of definitive contracts". Note that there was no official statement from NW Capital Partners, LLC.
Note the "definitive contracts" wording.
The most recent PR announces the resignation of Damien Guthrie. Notice the incorrect spelling of "Damien" throughout the PR. This PR now lists Ms. Ryals in the contact information, along with a new phone number.
The CWFG website has changed, and is now www.cwfgroup.net. On this site, the corporate headquartes has changed from St. Petersburg to Miami. Notice the new address is:
If you do a little digging with this information in mind, you will find a company called Knowledge Protection Company, LLC, with a website at http://www.kprotect.com.
The location of this company and the telephone number is listed as:
In effect, you have a publicly traded pinksheet company formerly run by a guy who sells pinksheet shells, all of a sudden in the same office as an LLC, with the same contact information.
Use this information as you wish.
-Slippery Wing
Posted by eddy on :
from another board---- Posted by: coinstarz In reply to: Slippery Wing who wrote msg# 361 Date:11/12/2005 12:35:41 AM Post #of 375
Nice summarization Slippery Wing.
I followed your steps and dug deeper. I found some very interesting background behind new CWFG. Knowledge Protection Corporation (KPC) is U.S. sales/installing representative for Optenet, a Spainish software firm (see link below). Eric Schaer, owner of Falcon Capital LLC (Private Equity Investment firm), runs KPC. He has been in computer training business for more than 20 years and has been looking for an opportunity to go to the stock market lately. However, he had trouble with authority to run a public traded company due to a labor lawsuit, then he recruited Ms. Ryals to buyout CWFG from Damian (I should say operate CWFG for Damian...they must have an undertable deal). I believe Mr. Schaer will use CWFG shell to reverse merge with KPC. Since Damian has nothing in asset or contracts, Schaer didn't waste too much money on it (I believe it is less than $1M).
But why Ms. Kristin Mary Ryals? Who is she? She is a a seasoned professional and resident of Florida according to a PR. Actually she is a real estate agent living in Miami. She is an attractive female (single?) and very smart capable individual. I believe she will be much better than Astrom and Damian.
Now let's go back to the stock. IMO, this stock could run up as high as 500 - 2000% depending on how much asset KPC has. The real challenge is that we don't know the true share structure such as O/S and A/S. I hope someone can contact Ms. Ryals and post info here. If you know PRRM, you know what I mean.
"In the business world, the rearview mirror is always clearer than the windshield." - Warren Buffett
Peace!
C-Starz
Posted by Lu01eg on :
Tampa Bay Business Journal
November 9, 2005 Commonwealth goes after disaster cleanups Commonwealth American Financial Group Inc. is forming an emergency services division.
The new division will engage in the negotiations of prearranged emergency service contracts with municipal, city and state governments. The contracts will include prepaid fees, which the company says will expedite disaster cleanups.
St. Petersburg-based Commonwealth (PINK SHEETS: CWFG) is also considering additional opportunities either by acquisition or mergers to increase its existing operations such as acquiring a general contracting firm with approved contracts already in place.
"We believe, per the increased yearly damage due to hurricanes and other natural disasters in the communities served by the company that this is a natural fit for the company's operations and will generate another stream of revenue," said Kristen Mary Ryals, president and chief operating officer, in a release.
Commonwealth's mission is to invest in land development projects either as developer, joint venture partner or lender.
Commonwealth American Financial Group Names New President
Commonwealth American Financial Group, Inc.(Pink Sheets: CWFG) today announced that Kristin Mary Ryals has been named President & Chief Operating Officer of Commonwealth American Financial Group Inc.
Ms. Ryals a seasoned professional and resident of Florida, intends to accelerate and modify the existing Commonwealth corporate business plan, which is to invest in distressed or redevelopment projects either as the developer, joint venture partner, or lender and aggressively pursue mezzanine/interim financing commitments from contractors who have won bids already and lack the financial ability to perform/complete said contracts and fast track all of the company's in house bidding processes & pending bids.
The company will also expand its areas of operations to include Florida along with the other hurricane ravaged areas already being served by the company. The company will also aggressively pursue acquisitions or merger partners that compliment the existing business plan in Texas and Louisiana.
The company currently is considering several additional opportunities either by acquisition or mergers to augment its existing operations such as acquiring a general contracting firm with approved contracts already in place, creating an emergency services division or acquiring/merging with sub contracting firms with contracts for services to companies that already have won bids and are ready to go.
'We believe, per the initial estimated monetary damage due to the hurricanes in the communities served by the company that damages could reach several billion dollars, thus we are positioning the company to be a major supplier of services and expertise in these areas. The company over the next several weeks will undergo several divisional changes and form certain new subsidiaries and divisions to enhance the company's objectives and success while maintaining no change in the company's capital structure while enhancing shareholder value,' said Ms. Ryals President & Chief Operating Officer.
'I would like to thank the Board of Directors and my predecessor Mr. Guthrie for the opportunity to serve in this capacity for a company that I believe is positioned to be a major force in the industry and community it serves, I look forward to the future of the company and its challenges/successes as we build our company, I am proud to be a part of it,' said Ms. Kristin Mary Ryals.
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.
Contacts
Commonwealth American Financial Group, Inc. Damian Guthrie, 786-246-1077 Fax: 727-895-8735
ok--who bought 15 dollars worth*.0001??
Posted by bmarley5780 on :
added one more to the bid thou!?
0001x0002
4*8
Posted by Mack on :
must be polar buying again--he must have gotten his paycheck again???lmao!!!!
Posted by toomuch on :
really dont understand why someone sells at 0.0001!!!!
Posted by Waymore on :
Theres only two reasons that i can think of,either they lost hope in the stock and or they want to free up money.
Posted by Superbee383 on :
quote:Originally posted by Mack: must be polar buying again--he must have gotten his paycheck again???lmao!!!!
That wasn't called for...
Posted by Polarbear17 on :
Thanks Superbee383 , as for every one else , i resent that remark. I'm in sitting her with 1 mill shares waiting for news like every one else, Hope to see .0005 soon with news then i'm out .
Posted by Superbee383 on :
I'm hoping for that .0005 soon too! And higher with any luck! :-)
Posted by PhoenixStockMaster on :
Hmmmm. Wonder if we are going to get any news about contracts that were forthcoming with Guthrie. Thank God he is gone. I feel so much better about this stock now.
Posted by PhoenixStockMaster on :
btw holding 4.5 mil and praying for .01
Posted by Otttoman on :
quote:Originally posted by toomuch: really dont understand why someone sells at 0.0001!!!!
It's simple. To free up some cash to trade in something that's not in the dumper and has some potential for growth. This stock is virtually impossible to sell at 0.0002, and has done nothing since the FS despite the PRs and all the talk about contracts and value. I've just about had it with this company, and if it means taking a loss at 1 to move on, well that's just the way it is. Way too many shares and no money coming in means this is going to stay a dog for a long time. All this just IMHO. I'll probably try to stay in long enough to recoup to break even, but have no hopes beyond that.
Posted by Jmoove on :
I must say I sold about half my position today, I've got a real bad feeling a r/s is coming real soon, the past couple prs are nice but they are market "gut-checkers", meaning that if the pps doesn't move mgmnt knows that something needs to be done, still holding some for a miracle though
Posted by Mack on :
lots of selling now....
Posted by Jmoove on :
didnt think id cause a sell off, geeze lol I still have almost 10 mill of this
Posted by eddy on :
everyone sell-I will buy what I can-thanks to those that sold to me-
Posted by Polarbear17 on :
Ok Jmoove i sell you my 1 mill shares at .0003 if you want them , cant afoord to sell for less than that sorry need to see the green..
Posted by toomuch on :
ok, so i sell at .0003 my 9 mill so i will see the green too. lol
Posted by JIF on :
who is trying to sell at .0001? That's the reason we're not moving - too many shares available at .0001.
Whoever has open sell orders at .0001 - close them!
IMHO this will help us move higher.
Posted by johnny14511 on :
even tough people from here close them is not gonna make a difference
Posted by toomuch on :
well.....till everybody sell at .0001 we'll have to wait to see green on our account!!! hope all panic seller disapear soon !!! very tired to wait for something that might never happen!
Posted by Lucas Brachish on :
A lot of volume still happening for a stock that isn't lifting above the floor... I'm really concerned we're still seeing dillution and not just panic sells. People who were panicking should've finished selling last week. Anybody got a line on this?
If CWFG was a shell and this other company bought CWFG so they could get listed, what are the odds that the PPS will improve when the new company merges into CWFG -- and what are the odds that this will only cause more panic and/or the new company will start another round of dillution? Is anyone still actually hoping that we'll see contract news?
I've almost averaged down to 3 on this one, but CWFG has stopped making much sense to me. Good news -- anyone?
Posted by eddy on :
most of the time mm HDSN is the diluter for most companies on the pinksheets-he had been on the bid of .0001 with 3 other mm's the last few trading days-jmo-dilution is over, just people sold flat yesterday to move on to something else-jmo-G/L
Posted by champel on :
yesterdays (11/14/05) volume was about half the 22 day average volume
Posted by shomethamoney on :
New information that I have sent out to stockpatrol.com. I will continue to find out a means of bringing Damian Guthrie to justice. Slippery, I would suggest you and others to express your concerns to stockpatrol.com as well. They say that they will follow up on tips. I read an article from them in USA today.
Here is the email that I sent to them.
From: xxxxx Sent: Tuesday, November 15, 2005 7:55 AM To: 'tips*stockpatrol.com' Subject: Damian Guthrie - CWFG
To whom it may concern,
I bought into a company without doing the just research needed, after a while I came to find out that a Damian Guthrie who was the supposed president of this company was putting out information that was misleading and what I believe became a lie in the end.
1) Damian Guthrie has been involved in three companies that I know of and could get research on. None of the companies ever showed profit. Guthrie always used words in his PR's as looking into, negotiating, planning on. I called and confronted him while in the company that I was in, he would not answer to his PR's of anything coming out of his PR's. He could not answer as to why none of his companies were going to the bottom fast. He would change the name of the company and name himself president. He would state in the PR's that the company had named him president of the company, like there were people that actually worked for the company. I came to find out through other investors and my own research that he has been the only one in any of his companies. (I want to make a quick addition right hear to make a foundation of why I am coming to you. Damian Guthrie also does Equestrian jumping as a sport. I and others feel that we have been used to support this endeavor through his false PR's and fake companies).
2) Damian Guthrie put out a PR that he had submitted bids for gov't contracts through FEMA. When I called him about his CCR number that is needed he put out a PR statement saying that he had one. When I went to the website it showed that his application was not complete because of missing information. The individual continued to put out PR's about submitting bids in the millions of dollars which enticed more innocent investors, because the stock was at an all time low of .0003 - to .0001. I called him again about the missing information. He acted as though he had no idea that his application was missing information. I asked him how he wouldn't know it was missing, because he would have to have a number to submit bids for contracts. He got upset and told me that he was spending serious time trying to get contracts.
3) On his website Damian Guthrie listed an auditor up in New Jersey. After researching and finding the companies phone number, I called the company and they had never heard of Damian Guthrie. I called and confronted Damian about this and he said that he had spent 10's of thousands of dollars through the company, but he could never produce any records to myself or other investors.
4) Guthrie's next move was to sell the shell to a Ms. Ryals in Florida and Guthrie abandoned the company all together. He never had anything it was all false because nothing could ever be shown from his PR statements.
After confronting him several times with the above statements and emailing him several times. Guthrie's final move was just as I described in the 4th detail above.
Is there anyway to bring this man to justice or is this legal? Please do any research or ask any questions because myself and others were lured into this company by the PR's from this individual.
Posted by evokiosk on :
just wondering, (newbie question)...
who controls the bid/ask for a stock? is it the company (CWFG) or another entity?
wouldn't the pps go up with they raised the buy to .0003 and people bought it but kept the sell at .0001 until it picked up some steam?
Posted by Lucas Brachish on :
evokiosk,
The Market Makers and the insiders (the company itself or the stockholders of the company) will often attempt to control the bid, ask, and PPS -- and with penny stocks controlling that stuff is relatively easy to do in comparison to the big stocks, and insider trading can be harder to regulate, while stock dillution (creating extra shares and releasing them into the market) can be hard to track.
All those things effect the bid, ask, and PPS .... but in an ideal market situation, the bid, ask, and PPS are controlled only by the people actually trading the stock, and the ups and downs of the PPS are due solely to demand (which in turn is based on research, the company stats, PR, rumours, etc.)
For instance, let's say I'm trying to sell CWFG at .0003 and others are trying to sell at higher prices... those are the ASK prices. Then, if you're trying to buy at .0001 and someone else is trying to buy at .0002, those are the BID prices. Whatever the stock actually sells for is the PPS.
Usually the PPS ends up being right in between the bid and ask, but if demand is low the PPS will follow the bid prices down, while if demand is high the bidders will have to follow the ask prices up. That's what people mean when the say "the sellers control the price" or "the buyers control the price."
What you see on normal stock-reporting tickers/software is just the basic bid -- either the lowest ask/highest bid or an average bid and average ask or the most common bid and ask, depending on the situation and the platform that you're getting the data from and how frequently the info is being updated. However, if you have access to Level Two data (what people call L2s or LII's), then you can see the full bid-ask breakdown, which will give you a better idea of where the stock might go (if a lot of people are bidding low, the stock might be headed down, but if a lot of people are asking for high numbers, then the stock might go up).
With CWFG, because the hoped-for contracts never came, and because of dillution, and because of the forward split (which I think was used to cover up some dillution), and because of the rumours now going around that the company was never anything more than a shell company run by a scam artist, and because so many people were able to buy at such a low PPS over the last couple of months... We're now in a bit of a pickle. But so long as the company does not pull a reverse split on us, it can't get any worse -- so that's good. And the new owner might be awesome, so that would be good. My only current fear is that the new owners of the company will continue to dillute or will pull a reverse split (the last CEO said "no reverse split", but we don't know yet whether the new CEO will stick to that). However, if the new owners are more honest than the last owner, release some frequent PR to keep us up to date on company activities, make even a little bit of money, and don't reverse split, this will be a good stock once again.
quote:Originally posted by evokiosk: just wondering, (newbie question)...who controls the bid/ask for a stock? is it the company (CWFG) or another entity? wouldn't the pps go up with they raised the buy to .0003 and people bought it but kept the sell at .0001 until it picked up some steam?
[ November 15, 2005, 11:59: Message edited by: Lucas Brachish ]
Posted by shomethamoney on :
Here is the reply that I just received from stockpatrol.com about Damian Guthrie. I want to see this scam artist pay dearly.
From: Editor [mailto:editor*stockpatrol.com] Sent: Tuesday, November 15, 2005 10:13 AM To: XXXX Subject: Re: Damian Guthrie - CWFG
Thank you for the information. We will explore the facts further.
Posted by toomuch on :
i think we should talk about the future of cwfg rather than the past, so i suggest to start a new topic for the guthrie's case.
Posted by Big Green 1 on :
Man oh man,
I go away for a couple of days, and you guys turn my thread into a dumping ground....
No more negativity, we play the hand we have been dealt, and move on!!
HAVE A GREAT GREEN DAY TOMORROW!!
Posted by Rules on :
It makes no sense to dump the stock now at .0001 if ones believes a R/S would be coming. If it is announced, it could actually move this stock higher giving many time to get off if that is what they choose. I'm sitting on several mill myself but I refuse to unload at this basement price.
Posted by Otttoman on :
quote:Originally posted by Rules: It makes no sense to dump the stock now at .0001 if ones believes a R/S would be coming. If it is announced, it could actually move this stock higher giving many time to get off if that is what they choose. I'm sitting on several mill myself but I refuse to unload at this basement price.
A RS will just give the MMs more room to drive this back to 0.0001, IMO. First it was the FS that was going to cause a rise (which didn't happen), now its the RS (which I doubt will help either). I'm cutting my losses and getting out at the first sign of a Rs before I lose even more. This comapny needed contracts and revenues and leadership. That's the only thing that's going to drive this higher, IMO.
Posted by evokiosk on :
Thanks Lucas Brachish. That posting was very informative and I appriciate it.
Has anyone been able to speak with the new CEO/COO? Just wondering.
Posted by JIF on :
Morning gents. I'm afraid we may see .0001 today........oh, wait, we're already there! LOL.
Well, it can't get any worse, only place to go from here is up, I suppose.
Posted by toomuch on :
not a lot of sale at .0001 this morning......maybe we'll see .0002 or .0003 togay.
Posted by JIF on :
WOULDN'T THAT BE SWELL.
Posted by BenHouston on :
sometimes you need to swallow your pride and take a loss, .0001 is next to nothing, if it drops down any further you've lost 100% of your investment
Posted by Lucas Brachish on :
quote:Originally posted by Otttoman: A RS will just give the MMs more room to drive this back to 0.0001, IMO. First it was the FS that was going to cause a rise (which didn't happen), now its the RS (which I doubt will help either). I'm cutting my losses and getting out at the first sign of a RS before I lose even more. This comapny needed contracts and revenues and leadership. That's the only thing that's going to drive this higher, IMO.
My opinion exactly. And let me be clear that I'm NOT bashing CWFG. I just see this as being the biggest danger we face. The idea that was floating around before the FS was that a split would drive the value up, and a lot of people got badly burned waiting around for the split to happen, only to find out that the split was poisonous. I rode the split through as well, but that was because I believed (wrongly) that big contract announcements were imminent and would drive up the value of the stocks regardless of any splits.
But let's not fool ourselves:
A reverse split, like a forward split, only causes positive momentum when the company is is doing well and there's excitement around the stock ALREADY. And with penny stocks, there's really not much reason for either RS's or FS's, except as a way to cover-up dilution of various sorts; so one should always be wary of penny splits.
There are plenty of exceptions to the above, of course. But If CWFG were to RS -- and right now there's NO REASON to believe that they will RS soon, so don't panic -- but if they did do an RS, no stock holder will make money. Instead, it will be just like the FS we saw with CWFG earlier: trading will be limited or nonexistent until the new stock symbol and new numbers go through and settle, and by the time it's all said and done everyone will end up with less shares but a total stock ownership of equal value to what they started with pre-split -- but then, unless contracts and profit are announced, we'll see the PPS driven back down to .0001. Since the RS leaves everyone with less stock (but an equal total $$ value), a RS that resulted in a .0001 all over again would mean significant losses even for people who were lucky enough to buy this stock at .0001 before the split. For those of us who bought in at a higher PPS, it will be a complete wipe out that makes the current deep red look like kids play.
The only way we can realistically talk positive about CWFG is to make sure the company knows that the stock holders do not want to see a reverse split, that we do not want to see more dilution, and that we do want to learn more about the company. We might be ignored, but it's the best we can do right now. If CWFG starts to send out some good PR, starts making money, and doesn't split, we could quickly see a nice turnaround and plenty of $$. But so far we have little to go on, either way....
Posted by andrew on :
Listen Guys. I really dont think a reverse split is coming. I think Guthrie did not know how to get things done. This new pres. has not been sitting around twittleing her thumbs. She is out there pounding the pavement making thisngs happen. Contracts most likely will be assessed and disclosed this week or early next week. Keep your heads up. Patience grasshopper. Posted by matto on :
has anyone tried to contact our new leader?
Posted by kptmoe on :
there is definitely going to have to be another name and symbol change with new ownership
Posted by Rules on :
quote:Originally posted by kptmoe: there is definitely going to have to be another name and symbol change with new ownership
I hope not as this will only cause the stock to go down. Oh wait, you can't go down into the negative. Wait a sec, yes you can as my stock in this company has been negative for a long time now. Posted by Polarbear17 on :
Didn't we just have a name and symbol change with the f/s. The only place for this to go is up sorry folks . Sitting with 1 mil at .0001 cant lose , as soon as contracts are anounced with in the next two weeks as m sources tell me. were hitting .0009 and i'm out.
Posted by Lucas Brachish on :
Polar, If you're sources are right and we get contracts and go to .0009 without another split... Well, I'll be your dedicated fanboy, that's for sure. Contracts and a .0009 would be so, so, so very sweet right now.... Hope your sources have some good info there. CWFG shareholders are due for some good news after the last few months.
Has anybody spoken to the new CEO or looked into the Miami offices more?
quote:Originally posted by Polarbear17: Didn't we just have a name and symbol change with the f/s. The only place for this to go is up sorry folks . Sitting with 1 mil at .0001 cant lose , as soon as contracts are anounced with in the next two weeks as m sources tell me. were hitting .0009 and i'm out.
Posted by toomuch on :
still no volume today....maybe we'll see it moving up if everybody refuse to sell at .0001
Posted by New_Ventures on :
After no volume (NO SELLING OR DUMPING) has there been any changes in L2's today ?
Posted by Mack on :
POLAR--does that mean that if it does hit .0009 that your gonna take us all out to mickyd's for lunch with your huge profit?? lol!!!!
Posted by Polarbear17 on :
No Mack it means that 50% of ther profit goes in a money market fund the other gets reinvested in some other Penny stock to do it again. We all have to start some were and to me profits a profit no mater how big or small.
Posted by andrew on :
I'll drink to that Polar. Heres to being single, seeing double, doing threesomes, and having multiples.
Posted by Superbee383 on :
I'm with you on that Polar! :-)
Posted by evokiosk on :
YEAH POLAR! (except leave some left over to super-size it) j/k
Posted by toomuch on :
what will happen today? someone have L2 for it? is there some ask at .0002?
Posted by ScottP on :
Does anyone think this stock will be moving any time soon, kinda sitting dead right now.
Posted by Rules on :
quote:Originally posted by ScottP: Does anyone think this stock will be moving any time soon, kinda sitting dead right now.
Unfortunately, this may be our final resting place. Be prepared to sit for a while as I don't think we really have anything in the works to move us back up anytime soon.
Posted by eddy on :
about our new CEO-from another board--------------------------- Posted by: coinstarz In reply to: Slippery Wing who wrote msg# 361 Date:11/12/2005 12:35:41 AM Post #of 397
Nice summarization Slippery Wing.
I followed your steps and dug deeper. I found some very interesting background behind new CWFG. Knowledge Protection Corporation (KPC) is U.S. sales/installing representative for Optenet, a Spainish software firm (see link below). Eric Schaer, owner of Falcon Capital LLC (Private Equity Investment firm), runs KPC. He has been in computer training business for more than 20 years and has been looking for an opportunity to go to the stock market lately. However, he had trouble with authority to run a public traded company due to a labor lawsuit, then he recruited Ms. Ryals to buyout CWFG from Damian (I should say operate CWFG for Damian...they must have an undertable deal). I believe Mr. Schaer will use CWFG shell to reverse merge with KPC. Since Damian has nothing in asset or contracts, Schaer didn't waste too much money on it (I believe it is less than $1M).
But why Ms. Kristin Mary Ryals? Who is she? She is a a seasoned professional and resident of Florida according to a PR. Actually she is a real estate agent living in Miami. She is an attractive female (single?) and very smart capable individual. I believe she will be much better than Astrom and Damian.
Now let's go back to the stock. IMO, this stock could run up as high as 500 - 2000% depending on how much asset KPC has. The real challenge is that we don't know the true share structure such as O/S and A/S. I hope someone can contact Ms. Ryals and post info here. If you know PRRM, you know what I mean.
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