January 17, 2006 - 8:38 AM EST close Email this News Article
CWFG 0.0001 0.00
Today 5d 1m 3m 1y 5y 10y
Commonwealth American Financial Announces the Formation of a Wholly Owned Emergency Services Subsidiary Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) today announced that the Board of Directors has established its Emergency Services Subsidiary. The name of the wholly owned subsidiary is Gulfcoast Emergency Inc.
The Subsidiary's mission is to negotiate contracts with Municipal, City and State Government departments before the 2006 Hurricane season. The corporation is based in Miami, Florida and will bid on emergency type contracts such as, disaster relief, debris removal and logistical services. Contracts will be pre-arranged prior to the disaster so that the execution of contracts will be immediate rather than bidding with several other contractors after severe damage has occurred. A recent quote from the Miami Herald: "`Planning for hurricanes has to be incorporated into South Florida business models,' Nero said. Local economist Tony Villami said so far hurricanes have been a 'hidden cost' of doing business."
The company is also working towards closing on the 56 acres it is in the process of purchasing. Commonwealth expects and projects profits to be approximately $500,000 based on the acquisition price of $19,000 per acre and sales prices expected to be above $30,000 per acre.
Ms. Ryals President and CEO said, "We are experiencing a lot of competition in the current bidding that we have been undertaking. It is therefore imperative that we pre negotiate these type of service contracts months prior to needing such services. It is in the best interest for the company that we secure pre arranged contracts so that our risk in such ventures is minimized. This will give us time to properly complete our due diligence prior to bidding on these contracts."
The Company has established a website http://www.cwfgroup.net and trades under the symbol (Pink Sheets:CWFG).
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.
Commonwealth American Financial Group, Inc., Miami Kristin Mary Ryals, 305-913-7112 Fax: 305-913-4101
Posted by BROOKLYN'S FINEST on :
I THINK IM GONNA TAKE MY LAST $100 IN MY SCOTTRADE ACCOUNT AND BUY 1 MORE MILLION AT .0001. WHO KNOWS IT MIGHT MOVE TO .0002 AFTER 2PM. I ALSO THINK WE SHOULD BE GETTING SOME PR TODAY OR TOMMORROW....JUST FOLLOWING THE PATTERN. IM DIFFENTLY TAKIN ADVANTAGE.
Posted by WarpedMind on :
Why do you think that the price will move after 2 PM? Also, why do you think we're getting a PR today or tomorrow? Do you know something that we don't? Thanks.
Posted by HossTrader on :
Come on, I gambled $2K into this and my 20 mil shares wants this to move as much as anyone does, but follow the pattern? It has been stuck at no bid for weeks!! So far today a whopping $900 worth of stock has changed hands.
It is going to take real news about actual results, and then real volume to make it go. I hope it happens, but blind pumping on day old news aint gonna do it.
Also, we already have a thread.
Posted by BROOKLYN'S FINEST on :
I'VE BEEN DOING A LOT OF HOMEWORK ON A LOT OF COMPANIES AND THIS IS MY OPINON I COULD BE WRONG BUT AT AN ASK PRICE OF .0001 WITH A CHANCE OF A NICE RUN YOU CAN'T BEAT IT. LET'S SAY YOU TAKE THE SAME MONEY YOU WERE GOING TO INVEST IN CWFG AND......OPEN UP AN CD ACCOUNT..... LET IT SIT FOR A YEAR. HOW MUCH MONEY DO YOU THINK YOU CAN MAKE OF IT??? NOW WITH JUST A MILLION SHARE OF CWFG AND LETS SAY IT GETS TO .0005...NOW WITH A $100 YOU JUST FLIPPED IT 5 TIMES. THATZ WHAT IM WAITING FOR BUT GOT JUST A LITTLE BIT MORE SHARE TO CASH IN THOUGH
Posted by HossTrader on :
No argument on that point. But I think it is going to take some time.
Posted by BROOKLYN'S FINEST on :
TRUE HOSSTRADER THAT Y I SAID A YEAR ON THE CD, BUT EVERYTHING YOU DO YOU GOTTA BE ABLE TO TAKE YOUR TIME AND WAIT .
Posted by BROOKLYN'S FINEST on :
SORRY FOR "MAKING A NEW(BETTER) THREAD AND PUMPING(A GOOD) INVEST" WON'T HAPPEN AGAIN!!!
Posted by New_Ventures on :
Hey no swet Brook, BUT PLEASE LAY OFF THE CAPS Posted by OhioMike57 on :
Woah - Brooklyn - if your gonna pump a good investment, why are you pumping this bag 'o garbage?
This thing has about as much chance of going up as the Titanic resurfacing under its own power and finishing its maiden voyage into New York.
You wanna pump something - Take a look at SBJX Now thats one worth a pumping a little bit
Posted by MiniMicroman on :
Holy Cow - I had given up hope of seeing another post on this thing......Hey Brooklyn - I have one question for you - are you like related to Ms. Ryals or what?
This thing has taken more peoples money, than Carter ever did with his liver pills....
Give it a rest......
Like OhioMike57 said, pump a real winner SBJX is gonna hit a grand slam by EOW!!!!!!
Posted by New_Ventures on :
Looks like Hayder & Astrom are getting it together in ICAN and VWKM -- hopefully this is a push to become legit !!!!! If that is the case I am extremely hopefull that we will see this rise as well ---- Maybe Ryals can get CWFG together as well ----- we will see
Posted by DWE on :
CWFG - 20 million and I can wait.
UNQT - 20 million and I can wait.
They'll move alright..... But probably just not right now. I hope I'm wrong though. You never know!
Posted by Otttoman on :
Can we stick with news about CWFG here. Afterall that's what this thread is supposed to cover.
And PS: Good luck with SBJX and it's new blockbuster acquisition farsuperior.com. Between the two of them with their 10 customers they must be taking in at least a grand a month. Check out their websites for yourself and view their current client lists. Nowhere companies going nowhere but out of business IMHO. Go pump your BS picks on another thread.
Posted by eddy on :
Commonwealth American Financial Group to Retire Shares per Previously Announced Buyback Jan 19, 2006 9:14:00 AM Copyright Business Wire 2006 MIAMI--(BUSINESS WIRE)--Jan. 19, 2006--
Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) today announced that the company will retire to the treasury 650,000,000 common shares that were acquired per the company's previously announced buyback plan. The company also announced that they will continue to purchase additional shares to bring the company's worth in line with the market capitalization.
Ms. Ryals President and CEO said, "As we continue to grow our company we will not stand by and endure the under evaluation of our share price. I have strong confidence in our company and believe, given our current prospects our stock is undervalued and I intend to purchase additional shares and retire them to the treasury, in addition to the previous purchase on the open market."
The Company has established a website http://www.cwfgroup.net and trades under the symbol (Pink Sheets:CWFG).
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Source: Commonwealth American Financial Group, Inc.
----------------------------------------------
Posted by evokiosk on :
This PR is more like it!!
Posted by eddy on :
A company that does what they say!!!!!!
Posted by Madge on :
Outstanding news, but this only confirms that they have completed part of the buyback program. We need to see the additional 350,000 shares retired. What is needed now is some positive financial news to come out, generate some high volume interest and move this baby up.
Posted by Otttoman on :
Let's get er done so we can see some increase in the pps. It's been so long since the pps fluctuated that I think it's permanently burn into my screen. Now with some more real estate deals and some govn contracts, and it's lookout 0.0002, here we come. Whaaa-Hooo!
Posted by Winkie on :
figures got tired of sitting on it yesterday and sold
Posted by eddy on :
.0002 ask--
Posted by DQ. on :
650,000 should certainly help. Some day soon we should be very happy that we took a chance here.
Posted by Otttoman on :
Winkie, not to worry, I have a feeling that we'll all be able to buy CWFG at 0.0001 for a long, long ,long time, IMHO. It'll just cost you the brokers fees to get back in.
Posted by eddy on :
.0001x.0002-JEFF bidding
Posted by WarpedMind on :
The PRs a good sign. Let's hope this starts northward.
Posted by Persia on :
Just got in. Gotta love the Ryals woman... Posted by BROOKLYN'S FINEST on :
What did i say.BAM!!
Posted by MiniMicroman on :
Well, obviously, you all have done zero DD on this company. The float is over 9 BILLION shares. I held this thing through the split, and at one point in time had over 35 million shares. This is one of the first stocks I ever bought, and lost over 3k in it. Ms. Ryals has been in the same circles, close to Mr. Damian Guthrie for a long time.If you know anything at all about this company, then I don't need to explain anything about Mr. Guthrie. Do yourselves a huge favor, and verify this information.
Ms. Ryals talks the same kind of crap that Guthrie did. Give it some thought - serious thought - DO NOT take my word forit, it is all a matter of public record.
I cut my losses, and have more than made up for them elsewhere. I' really not bashing - just dont want to see anyone, especially newbies get hurt with this stock.
Everything I have stated here is in the public domain, so those of you who want to bash me, feel free, the rest of you who are willing to check out real facts, do some DD and verify that what I have stated here is fact not fiction or bashing....
9 BILLION shares, do you honestly think that the company buying back 650 million is going t ohave ANY REAL IMPACT on this? GET REALITY SOON...
The float increased by 33% after the split - Can anyone with an ounce of thought truly believe that 650 Million shares REALLY have an impact here.
Look its ok to feel bad about an investment that wasn't the best. We all make mistakes. If you go back through the history of this forum, you will find several old threads about this stock. Look at the names of those who posted on them. Do you see anyone from then here now? I think not.
Anyway, like I said, do your own DD on this thing, don't be a leming.
GOOD LUCK TO ALL!!
Posted by Madge on :
Micro, Speak for yourself, there are a number of us who have done our DD and shared it with others. And IMO any company that executes a plan to reduce the OS by 11% is making a move in the right direction. And for everyones information look back at some of the DD we have done on Mrs Ryals. She has a very successful business background and Guthrie is not even in the same league. He "chose" not to move to Miami and remain in his position.
Posted by Otttoman on :
Good post Mini. I'm just hoping for a jump to 2 so I can at least get half my money back on this dog. I bought into some of the pump before the FS, "free shares" and all that, just to see it drop to rock bottom afterwards, and you're right, most of those posters (probably Guthrie himself) are no longer here. I'll probably cut my losses soon and take my meager remains and look for greener pasteurs elsewhere as well. For now, GLTA who remain.
Posted by New_Ventures on :
HOLY SMOKES -- just got on here and saw an ask for .0002 & a buyback PR -- wooooohooooooo
THIS IS HOT.........
Ms. Ryals President and CEO said, "As we continue to grow our company we will not stand by and endure the under evaluation of our share price. I have strong confidence in our company and believe, given our current prospects our stock is undervalued and I intend to purchase additional shares and retire them to the treasury, in addition to the previous purchase on the open market."Ms. Ryals President and CEO said, "As we continue to grow our company we will not stand by and endure the under evaluation of our share price. I have strong confidence in our company and believe, given our current prospects our stock is undervalued and I intend to purchase additional shares and retire them to the treasury, in addition to the previous purchase on the open market."
Posted by New_Ventures on :
quote from MINI.....
"Look its ok to feel bad about an investment that wasn't the best. We all make mistakes. If you go back through the history of this forum, you will find several old threads about this stock. Look at the names of those who posted on them. Do you see anyone from then here now? I think not."
Been in since August myself ----- sorry you lost 3 grand dude but goto raging bulls -- they love to bash
Posted by Rules on :
Yep, I am in with this news and it does look like we are going to move up! For those who sold and are very unhappy.........sorry to hear that! I am still holding my millions just like others here from way back before the split. Needless to say, good news is better than no news!
Posted by Lucas Brachish on :
quote:Originally posted by Otttoman: Good post Mini. I'm just hoping for a jump to 2 so I can at least get half my money back on this dog. I bought into some of the pump before the FS, "free shares" and all that, just to see it drop to rock bottom afterwards, and you're right, most of those posters (probably Guthrie himself) are no longer here. I'll probably cut my losses soon and take my meager remains and look for greener pasteurs elsewhere as well. For now, GLTA who remain.
Yeah, buying a bunch CWFG before the split was probably the worst investment I've ever made (my purchase was based purely on the hype found here on the AllStocks message board; I didn't do enough of my own DD and didn't pay enough attention to the "bashers," who were right).
I've spent months buying more CWFG because the company is always about to "turn things around" and "announce big news" and, oh, yeah, remember all those FEMA/Hurricane rebuilding contracts they were gonna score? However, at least the release some PR on a regular basis now and the new executive seems much more put together than the last one in terms of doing sometihng (anything) with the company. And at least they never did a reverse split, as I feared (at least, not yet).
So I'm still holding. I need to sell at at least 3 to see any green, though.... I don't see that as being too likely right now, since every time this gets to 2 everyone and their mother tries to sell off their shares before it gets a chance to run... But on the other hand, this thing has been ready to run or implode for a long time -- a slow and steady boil of rumors -- and eventually I think something is going to happen sooner or later, one way or the other....
Go CWFG.... make us some money before winter ends... !
Or, at least let us break even... Posted by MiniMicroman on :
Madge-
Point of fact - Guthrie WAS in Florida. He and Ms. Ryals boyfriend have been involved in many shell scam in the past. Point of fact - Mr. Guthrie is currently under investigation by the SEC for ....wait for it......Securities Fraud.
It is public record that his ring of friends have all been in trouble in the past. I dont knnow for fact- but Mr. Guthrie is rumored to have fled back to Australia once the facts came out about the FEMA contracts not being true.
Look it's all public record. I dont know where or how or who provided you DD, but wherever, however or whoever, led you down the wrong path.
He used Katrina as a stall tactic to keep people invested. In fact, Ms. Ryals even commentd on the ongoing FEMA negotiations when she was first "appointed" to CEO of the company. The required FEMA paperwork was never completed, and, there has been no mention of it since. These new "wholy owned subsidiaries" are the same kind of crap that Guthrie tried months ago - Hawkesbury River was one of them, supposedly located in Hawkesbury Texas.... Not one person was ever able to locate the supposed office there.
If you're going to state fact, make sure it is fact not fiction. Guthrie was in fact in Florida. In fact, Guthrie is under investigation. In fact, Ms. Ryals and her boyfriend have been involved with Guthrie in the past, and no matter how hard they try to cover their tracks, they always get found out.
Public record is a wonderful thing. Next time, take advantage of it, before you try and pump garbage. I wish I had before I got suckered in on this one.
By the way - one more thing Madge - 11% of 9 BILLION is going to do what for the PPS - raise it 11%? Even on a good day thats .00022 - and how many days can you SELL CWFG at 0002?
Besides, I dont know any brokers that you can sell with 5 behind the decimal point....
Just thought I'd give you and some other newbies some real DD to chew on.
Posted by Rules on :
quote:Originally posted by MiniMicroman: Madge-
Point of fact - Guthrie WAS in Florida. He and Ms. Ryals boyfriend have been involved in many shell scam in the past. Point of fact - Mr. Guthrie is currently under investigation by the SEC for ....wait for it......Securities Fraud.
It is public record that his ring of friends have all been in trouble in the past. I dont knnow for fact- but Mr. Guthrie is rumored to have fled back to Australia once the facts came out about the FEMA contracts not being true.
Look it's all public record. I dont know where or how or who provided you DD, but wherever, however or whoever, led you down the wrong path.
He used Katrina as a stall tactic to keep people invested. In fact, Ms. Ryals even commentd on the ongoing FEMA negotiations when she was first "appointed" to CEO of the company. The required FEMA paperwork was never completed, and, there has been no mention of it since. These new "wholy owned subsidiaries" are the same kind of crap that Guthrie tried months ago - Hawkesbury River was one of them, supposedly located in Hawkesbury Texas.... Not one person was ever able to locate the supposed office there.
If you're going to state fact, make sure it is fact not fiction. Guthrie was in fact in Florida. In fact, Guthrie is under investigation. In fact, Ms. Ryals and her boyfriend have been involved with Guthrie in the past, and no matter how hard they try to cover their tracks, they always get found out.
Public record is a wonderful thing. Next time, take advantage of it, before you try and pump garbage. I wish I had before I got suckered in on this one.
By the way - one more thing Madge - 11% of 9 BILLION is going to do what for the PPS - raise it 11%? Even on a good day thats .00022 - and how many days can you SELL CWFG at 0002?
Besides, I dont know any brokers that you can sell with 5 behind the decimal point....
Just thought I'd give you and some other newbies some real DD to chew on.
I agree.........I am selling right now and taking my loss too Posted by mudshark on :
[QUOTE]Originally posted by MiniMicroman:
- and how many days can you SELL CWFG at 0002?
Zeeeero!
I've been trying to sell this oinker for over 2 months now at .0002
Posted by Rules on :
quote:Originally posted by mudshark: [QUOTE]Originally posted by MiniMicroman:
- and how many days can you SELL CWFG at 0002?
Zeeeero!
I've been trying to sell this oinker for over 2 months now at .0002
I have been trying to sell at .0009 so maybe that was my problem Posted by KNOw3 on :
No way this company is legit. Thanks to everyone with the courage to post their real opinions about this stinker.
Hope you all have a great year in your investments. I exited at a loss.
-KNOw3
Posted by New_Ventures on :
quote:Originally posted by KNOw3: No way this company is legit. Thanks to everyone with the courage to post their real opinions about this stinker.
Hope you all have a great year in your investments. I exited at a loss.
-KNOw3
GOOD GO AWAY IF YOU DONT WANT TO BE IN CWFG
Posted by Rules on :
quote:Originally posted by KNOw3: No way this company is legit. Thanks to everyone with the courage to post their real opinions about this stinker.
Hope you all have a great year in your investments. I exited at a loss.
-KNOw3
What is funny is I am willing to bet all the above bashers including this one is the SAME person......lol! Talk about a disgruntled person who is upset they sold before the stock moves up. Sorry you are unable to buy it at .0001 right now for the flip. There is always .0002 you know???
Posted by eddy on :
you have to give it time, QBID was at .0001 for months before it ran to .028-
Posted by Rules on :
Seriously, I have a feeling that we are going to start moving up slowly but surely as the company continues to look for ways to get the PPS up now.
Posted by Madge on :
Sometimes you just gotta laugh..
Okay for those newbies to the CWFG thread here are some true facts.
1) Damian Guthrie desired to stay in Tampa when the company HQ moved to Miami and CWFG placed him in charge of the new Emergency Services Division/Subsidiary. (Ref: Tampa Bay Business Journal 11 Nov 05) 2) Mrs. Ryals worked as a consultant at Best Practices LLC from 2000 to 2003. As such, she worked with very well established businesses to improve. (Ref: Best Practices archives) 3) The PRs released have been less fluff and more routine then ever. (ref: CWFG archives) 4) Mrs. Ryals has made statements to perform in press releases and backed them up with follow through action. Unlike Guthrie who promised nothing and gave nothing.
If anyone has something other than opinion to refute these facts, please feel free to present your argument.
Posted by Persia on :
Why is it that every time a "better" PR comes out, this board is full of bashers who were never here before?
Posted by Madge on :
Sometimes you just gotta laugh..
Okay for those newbies to the CWFG thread here are some true facts.
1) Damian Guthrie desired to stay in Tampa when the company HQ moved to Miami and CWFG placed him in charge of the new Emergency Services Division/Subsidiary. (Ref: Tampa Bay Business Journal 11 Nov 05) 2) Mrs. Ryals worked as a consultant at Best Practices LLC from 2000 to 2003. As such, she worked with very well established businesses to improve. (Ref: Best Practices archives) 3) The PRs released have been less fluff and more routine then ever. (ref: CWFG archives) 4) Mrs. Ryals has made statements to perform in press releases and backed them up with follow through action. Unlike Guthrie who promised nothing and gave nothing.
If anyone has something other than opinion to refute these facts, please feel free to present your argument.
Posted by Persia on :
By the way, 8 billion o/s for a pinky is not much bro.
Posted by bpvalet on :
new press release out
Commonwealth American Financial Group to Retire Shares per Previously Announced Buyback Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) today announced that the company will retire to the treasury 650,000,000 common shares that were acquired per the company's previously announced buyback plan. The company also announced that they will continue to purchase additional shares to bring the company's worth in line with the market capitalization.
Ms. Ryals President and CEO said, "As we continue to grow our company we will not stand by and endure the under evaluation of our share price. I have strong confidence in our company and believe, given our current prospects our stock is undervalued and I intend to purchase additional shares and retire them to the treasury, in addition to the previous purchase on the open market."
The Company has established a website http://www.cwfgroup.net and trades under the symbol (Pink Sheets:CWFG).
Posted by Madge on :
quote:Originally posted by Persia: Why is it that every time a "better" PR comes out, this board is full of bashers who were never here before?
Because they lost out and are bitter, got discredited for being true bashers so had to change identities, or just do not have anything better.
Posted by eddy on :
quote:Originally posted by Persia: By the way, 8 billion o/s for a pinky is not much bro.
yes, CMKX had 500 billion and went to .0011-QBID had arond 5-7 billion and went to .028
Posted by Rules on :
The funny thing is that 8 billion shares could disappear in only a few days of heavy trading if something big was to make the stock soar.
Posted by New_Ventures on :
quote:Originally posted by eddy:
quote:Originally posted by Persia: By the way, 8 billion o/s for a pinky is not much bro.
yes, CMKX had 500 billion and went to .0011-QBID had arond 5-7 billion and went to .028
GREAT POST EDDY
Posted by Persia on :
Thanks Ventures... Posted by evokiosk on :
seriously consider...
*** CKEI ***
that's my pick if i had to pick one!
just trying to help those of us who lost in CWFG make a little back. =)
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