PREMIER ORGANIC FARMS GROUP INC (U-POFG) - News Release Premier Organic Farms Group, Inc. to Acquire Amstar International, Inc.
2006-10-27 12:45 ET - News Release
SCOTTSDALE, Ariz., Oct. 27 /PRNewswire-FirstCall/ -- Premier Organic Farms Group, Inc. announced today the signing of a Definitive Share Exchange Agreement to acquire 100% of the stock of Amstar International, Inc. (Amstar), a Houston, Texas based holding company primarily focused upon the financial and insurance industries. The acquisition results in Amstar's stockholders in control of 96.12% of the company post merger with each Amstar stockholder to receive one share for each share owned in the new company.
Closing is anticipated within the next thirty days and is subject to the conducting of a Fairness Hearing by a court of law in Nevada, its state of origin.
Amstar's major subsidiary is Amstar Mortgage Corporation, a national mortgage banking and brokering company with approximately 750 employees operating in 31 states and the District of Columbia with 146 retail branch offices as of July 13, 2006. Amstar Mortgage Corporation began operations in October 2002 with less than $300,000 in capital, but grew rapidly to close over 1.1 billion dollars in loans for calendar year 2004 and over 2.2 billion dollars in loans for the calendar year 2005. Amstar closed $2,176,657,448 in mortgage loans in fiscal year 2005 with gross revenue for its fiscal year-end, ending September 30, 2005 of $58,592,331 verses $27,563,915 in 2004 and $6,396,052 in 2003. For the 9 month period ending June 30, 2006, Amstar had $37,421,421 in gross revenue and closed over $1,350,202,874 mortgage loans.
Contact: Stanley F. Wilson, President
480-699-0009
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment.
We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
Premier Organic Farms Group, Inc.
CONTACT: Stanley F. Wilson, President of Premier Organic Farms Group, Inc., +1-480-699-0009
Posted by Schwabie on :
NICE.
NEEDS VOLUME.
ARE YOU IN YET PRD?
Today’s Price Performance as of 12:59pm EDT, 10/27/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.05 Last Price 0.03 +112.77% Today’s Change $0.03 Today’s Open 265,000 Above Avg. Today’s Volume
Posted by Prdponce on :
.045 x .055
Posted by Prdponce on :
Amstar's major subsidiary is Amstar Mortgage Corporation, a national mortgage banking and brokering company with approximately 750 employees operating in 31 states and the District of Columbia with 146 retail branch offices as of July 13, 2006. Amstar Mortgage Corporation began operations in October 2002 with less than $300,000 in capital, but grew rapidly to close over 1.1 billion dollars in loans for calendar year 2004 and over 2.2 billion dollars in loans for the calendar year 2005. Amstar closed $2,176,657,448 in mortgage loans in fiscal year 2005 with gross revenue for its fiscal year-end, ending September 30, 2005 of $58,592,331 verses $27,563,915 in 2004 and $6,396,052 in 2003. For the 9 month period ending June 30, 2006, Amstar had $37,421,421 in gross revenue and closed over $1,350,202,874 mortgage loans.
Posted by Schwabie on :
WTF THIS IS HUGE....................
Posted by Schwabie on :
Today’s Price Performance as of 1:04pm EDT, 10/27/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.059 Last Price 0.04 +155.32% Today’s Change $0.03 Today’s Open 344,001 Above Avg. Today’s Volume
Posted by The Phat Man on :
i'm in at .055 ... definitely on the high side, but this does look to be a possible monster play.
Posted by Prdponce on :
yes it is, seems that way
Posted by Prdponce on :
man went the news came out MM.s moved up quick got a partial 5.k at ..027 got some more at ..05
Posted by Schwabie on :
OKAY. I GOT IN AT .05
WE'LL SEE BUT
THIS LOOKS H U G E!
BRING ON THE VOLUME...
419,001 Above Avg. Today’s Volume
Posted by Prdponce on :
yep,,, read above
Posted by Prdponce on :
monstaaaaaaaaaaaaaaaaaaaaaa
Posted by The Phat Man on :
so... why would an organic farming co. buy out a mortgage place? could these be some kind of reverse aquisition? thoughts? thanks
Posted by djg7 on :
Now that was news! I'm in at .06.
Posted by Schwabie on :
BOOOM !
Today’s Price Performance as of 1:13pm EDT, 10/27/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.08 Last Price 0.06 +240.43% Today’s Change $0.03 Today’s Open 443,001 Above Avg. Today’s Volume
Posted by The Phat Man on :
holy cow!!!
Posted by Prdponce on :
yes, Reverse merger
Posted by Schwabie on :
MAN ANOTHER LFZA IN THE MAKING ?
I HOPE SOOOOOOOO !!!
458,001 Above Avg. Today’s Volume
Posted by The Phat Man on :
omfg!!! this might be my first one ever i've gotten in on the ground level of :-) (knocking on wood!)
Posted by Schwabie on :
OMG !!!
Today’s Price Performance as of 1:16pm EDT, 10/27/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.10 Last Price 0.07 +304.26% Today’s Change $0.03 Today’s Open 480,094 Above Avg. Today’s Volume
Posted by Prdponce on :
hehehehee
Posted by IMAKEMONEY on :
Posted by Hitman on :
Man.... too Fast for me :{
Posted by Schwabie on :
OMG !
LOL
Today’s Price Performance as of 1:19pm EDT, 10/27/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.12 Last Price 0.10 +410.64% Today’s Change $0.03 Today’s Open 481,094 Above Avg. Today’s Volume
Posted by Prdponce on :
11 x 12
Posted by Ace of Spades on :
This is CRAZY !!! WoW
Posted by Schwabie on :
VOLUME COMING IN...
COME ON BABY !
19x DAILY MOVING AVERAGE..
513,457 Above Avg. Today’s Volume
Posted by rvenza1 on :
This looks mroe then a one day hold, I mean get your capital out but besides that is everyone going to hold for atleast a day?
Posted by Prdponce on :
12 x 13
Posted by Schwabie on :
Today’s Price Performance as of 1:26pm EDT, 10/27/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.13 Last Price 0.11 +453.19% Today’s Change $0.03 Today’s Open 569,957 Above Avg. Today’s Volume
Posted by djg7 on :
Great find prd! Thanks!
Posted by Prdponce on :
holding this one for a coulple of daysssssssssssssssssssssssssss
Posted by Livinonklendathu on :
This is going to be big big big.
Posted by Schwabie on :
LOL
Today’s Price Performance as of 1:29pm EDT, 10/27/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.14 Last Price 0.12 +495.74% Today’s Change $0.03 Today’s Open 618,957 Above Avg. Today’s Volume
Posted by Prdponce on :
15 x 19 lolololol
Posted by Prdponce on :
DIP DIP
Time to be looking for an entry point if you are not it
Posted by Schwabie on :
BOUNCING !
HERE WE GO AGAIN BREAK THAT .20 THIS TIME !!!
Today’s Price Performance as of 1:42pm EDT, 10/27/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.19 Last Price 0.17 +708.51% Today’s Change $0.03 Today’s Open 801,732 Above Avg. Today’s Volume
Posted by The Phat Man on :
still printing .19 !!! people are understandably gonna take profits. as for me, i'm holding for an LFZA run or bigger. Amstar is too big for this not to fly.
Posted by djg7 on :
Setting up for another run.
Posted by portman on :
just read in on it...
deciding if I want in at this point
Posted by Prdponce on :
quote:Originally posted by The Phat Man: still printing .19 !!! people are understandably gonna take profits. as for me, i'm holding for an LFZA run or bigger. Amstar is too big for this not to fly.
yeah looks goodI havent sold a share yet... will hold dont to this one for a little while... those numbers are big
Posted by The Phat Man on :
up 1,000% lol buys are still coming in but not im not chasing
Posted by Prdponce on :
25 x 28
Posted by The Phat Man on :
this is f'n incredible!
Posted by Schwabie on :
Today’s Price Performance as of 1:50pm EDT, 10/27/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.29 Last Price 0.27 +1134.04% Today’s Change $0.03 Today’s Open 955,682 Above Avg. Today’s Volume
Posted by djg7 on :
I ain't complaining getting in at .06.
Posted by hedfe on :
be careful rsi is over 90 this one will probably go down as fast as it goes up
Posted by Hitman on :
Gr8 Pick Guys.... Didnt get in in time... But atleast I know there are still some Gr8 runs..Maybe lots more to come ... WooooooW!
Posted by rvenza1 on :
what a spread all of a sudden
Posted by The Phat Man on :
anyone think we see the .51's today ?
Posted by djg7 on :
MMs dropped the bid to .20 to slow it down.
2 x .20 2 x .28
Posted by Prdponce on :
another dipppppppppppp
Posted by rvenza1 on :
is this exiting time or another dip
Posted by Prdponce on :
nite and USBB and the all at .51
Posted by IMAKEMONEY on :
Posted by Grande on :
OMG someone's gonna get burned. Sad I missed this but man... this is the wild wild west Posted by The Phat Man on :
anyone out yet? that was a big shake
Posted by portman on :
did not fill at .18
Posted by djg7 on :
Bounce back up.
Posted by Prdponce on :
still all in it...
Posted by Schwabie on :
HERE WE GO AGAIN...
BOUNCE BABY BOUNCE !
Posted by The Phat Man on :
me too... hope it keeps running. at this point i should be happy with anything above .10 and not let greed get to me by being stupidly dissappointed if it doesn't hit .50
Posted by djg7 on :
.21 getting hit hard.
Posted by Prdponce on :
need to know the share structure to see the book value ... anyone know the share count
Posted by Schwabie on :
VOLUME COMING IN...
1,199,547 Above Avg. Today’s Volume
Posted by Schwabie on :
LOW O/S !!!
POFG -- Premier Organic Farms Group, Inc. Com ($0.001)
Search for Dun & Bradstreet reports on this company.
Address: 6711 East Camelback Road #17 Scottsdale, AZ 85251 USA
Phone: 480-699-0009
Business Description: The company has one operating subsidiary, Premier Organic Farms Corporation.
Primary State of Incorporation: Nevada
Country of Incorporation: USA
Officers: Stanley F. Wilson, President
Outstanding Shares: 109,790,000 as of 2006-09-27
Estimated Market Cap: 2.58M as of 2006-10-26 (based on Outstanding Shares as of 2006-09-27)
Current Capital Change: shs decreased by 1 for 200 split Ex-Date: Record Date: Pay Date: 2006-04-11
Dividends:
Company Notes: Formerly=U.S. Power Systems, Inc. until 6-06
Transfer Agent: First American Stock Transfer, Phoenix, AZ 85022-6642
Posted by Schwabie on :
WE NEED TO FIND OUT THE FLOAT ?!?
Posted by IMAKEMONEY on :
IM OUT AT .20 GOT FILLED AT .12 AND .13 KEEPING 1,000 SHARES JUST IN CASE, THANKS, Prdponce
Posted by Prdponce on :
your welcome
Posted by portman on :
ok, gonna paper this one...I so need to follow prdponce around....too many good plays missed Posted by Schwabie on :
I'M RIDING FREE.
I'M GOING TO LET IT PLAY OUT.
COULD BE ANOTHER LFZA
FROM .096 WHEN I SAW IT TO .84 !!!
Posted by driver4t4 on :
nubers are great, not riding free yet, wait and see at end of day before getting my capital out and then ride the rest.. Posted by rvenza1 on :
awesome pick prdponce
Posted by Prdponce on :
EOD Should be interesting here.... waitig til them to decide if I sell anything....
Posted by The Phat Man on :
someone needs to paint that .27 ask ! :-)
Posted by Schwabie on :
WHAT I LIKE IS THAT IT MOVES SOOOOOOOOOO EZ !
Posted by BravoFox on :
these MM games are crazy with low floaters. LOL, spread is tightening on the ask though..that's a good sign
Posted by Prdponce on :
nice base here in the.20
Posted by djg7 on :
.24 x .25 looking really good!
Posted by jos_tul on :
Man...this looks like it crash hard...any sec..need to take profit out soon
Posted by Schwabie on :
STRONG BASE AT .20
LOOKS LIKE RUNNING AGAIN...
.24 !
VOLUME STILL COMING
1,613,032 Above Avg. Today’s Volume
Posted by jos_tul on :
900% is too much to miss...Still holding some for 1 more hour and then dumpin it
Posted by djg7 on :
Some profit takers. You can't blame them. Profit is a good thing.
Posted by The Phat Man on :
yeah, they're taking sells at the ask. MMs still need shares.
Posted by Schwabie on :
quote:Originally posted by djg7: Some profit takers. You can't blame them. Profit is a good thing.
OF COURSE. NOTHING WRONG WITH THAT.
PROFIT IS ALWAYS GOOD !
Posted by Schwabie on :
quote:Originally posted by The Phat Man: yeah, they're taking sells at the ask. MMs still need shares.
IMHO THEY NEED SHARES FOR THE NEXT RUN...
WE'LL SEE...
1,750,382 Above Avg. Today’s Volume
Posted by djg7 on :
The shake is on.
Posted by Grande on :
LMAO!
Posted by The Phat Man on :
i'm hanging tough... but it's TOUGH to do!
Posted by Prdponce on :
big time shakeeeeeeeeeeee
Posted by jos_tul on :
Iam 60% out...waiting for any surprise till 3:30 or 3:45
Posted by Schwabie on :
BOUNCE AGAIN...
.18
RUN TO .50 FOR DADDY !
Posted by djg7 on :
EOD should be fun.
Posted by Prdponce on :
here we go,,,,, HOPE FULLY
Posted by jos_tul on :
I think newbies might be scared to death to buy this at this point when it is 644% UP
Posted by Prdponce on :
it is friday also... people wont hold over weekend... and allot of people take Fridya off early... but Monday Should be fun...
Posted by jos_tul on :
Taking remaining 40% out...will buy back later with profits...dont think this is going up now..on a friday as said above...newbies wont buy this at this point...GLTA who are holding
Posted by hbomb on :
Amstar appears to be the real deal. Website looks good...still doing some DD but definitely worth throwing a few bucks at.
Posted by Schwabie on :
quote:Originally posted by Prdponce: it is friday also... people wont hold over weekend... and allot of people take Fridya off early... but Monday Should be fun...
YES, MONDAY SHOULD BE LOTS OF FUN...
I'M HOLDING MY FREE SHARES.
Posted by BravoFox on :
No reloading at these levels?
Posted by jos_tul on :
quote:Originally posted by Schwabie:
quote:Originally posted by Prdponce: it is friday also... people wont hold over weekend... and allot of people take Fridya off early... but Monday Should be fun...
YES, MONDAY SHOULD BE LOTS OF FUN...
I'M HOLDING MY FREE SHARES.
Thats a smart way...Dump rest..hold free
Posted by Grande on :
Damn that would have been a nice five bagger if I had got in when Mr. Party Pants called this out.
Oh well... Hey, Party... PM me or something next time you have one of these KUHRAZEE plays! hahaha
Now... UP.. FLY.... ahhh pretty bird... pretty bird...
Posted by The Phat Man on :
well... i didn't get out at .25+ now i'm resigned to hang on in full and enjoy the ride. cusip/ticker change, PR blitz, etc. should be fun :-) an ensuing LFZA run would be very nice
Posted by Grande on :
Err... no PM service available on this board i guess.. /shrug
Posted by driver4t4 on :
with these numbers the end result should be huge, but should have a steay climb to that point
Posted by Schwabie on :
I MUST SAY THOUGH...
NICE VOLUME COMING IN AT THESE LEVELS...
NICE F'ING NUMBERS TOO !!!!!!!!!!!
Volume 3,022,306
Posted by portman on :
ok, had to bite and come in.
Posted by jos_tul on :
L2 shows .12 comin up
Posted by portman on :
yeah yeah aturd's L2's ain't showing the bad boy.
Posted by hbomb on :
I hope POFG doesn't stand for Piece Of F***ing Garbage...LOL!
Posted by doorway63 on :
You think this will make another run b4 eod?
Posted by hbomb on :
quote:Originally posted by doorway63: You think this will make another run b4 eod?
It will run...I'm just not sure which way. Up or down???
Posted by BravoFox on :
Seems like the run is going on now.
Posted by jos_tul on :
waiting to get back around 3:55+ once all flippers are gone...
Posted by hbomb on :
Man this moves fast...
Posted by Prdponce on :
LAST 30 minutes... what is goint to be???
run or bust LOL
Posted by hbomb on :
I'll call .15 EOD
Posted by BravoFox on :
+.20 IMO.
Posted by Schwabie on :
HERE WE GO AGAIN..
.16
RUN FOR DADDY !!!
Posted by djg7 on :
.19 EOD
Posted by The Phat Man on :
i'm guessing most that got in early have already gotten out completely or taken their investment out. so we should be into a new realm of newcomers not eager to sell for a loss or even-ish in the .13 to .16 range. we'll see. 30 mins left!
Posted by Schwabie on :
I CALL .20 EOD
Posted by Schwabie on :
RUNNING... COME ON BABY RUN !
FROM SHAKE AT .12 NOW AT .17 !
GO BABY GO BABY GO !
Posted by Prdponce on :
quote:Originally posted by The Phat Man: i'm guessing most that got in early have already gotten out completely or taken their investment out. so we should be into a new realm of newcomers not eager to sell for a loss or even-ish in the .13 to .16 range. we'll see. 30 mins left!
YEP >>>EOD will tell us which way will go Monday
Posted by BravoFox on :
so far EOD looks pretty good.
Posted by doorway63 on :
I assume amstar is a public taded co. what is the symbol for amstar
Posted by Prdponce on :
quote:Originally posted by doorway63: I assume amstar is a public taded co. what is the symbol for amstar
Private that is why the Merger to a public Co...
Posted by The Phat Man on :
SEEMS inevitable that there would have to be a hefty PR next week.
Posted by jos_tul on :
There comes the profit takers...
Posted by Schwabie on :
quote:Originally posted by The Phat Man: SEEMS inevitable that there would have to be a hefty PR next week.
I AGREE 100 %
I AM RIDING THIS ONE... ANOTHER LFZA IN THE MAKING !
IMHO AS WELL THEY WILL MOST LIKELY FOLLOW UP WITH A PR NEXT WEEK.
Posted by Prdponce on :
they will most likely start a pr blizt ... liked the others .... to keep the momo ...
Posted by driver4t4 on :
funding the account today by wire for monday morning.... Posted by Grande on :
teeheehee
Posted by Prdponce on :
last 5 minutes
Posted by driver4t4 on :
if we get another pr on this soon, TO DA MOON. Posted by BravoFox on :
One final push til monday
Posted by The Phat Man on :
it's gonna be a wild ride. thanks prdponce for the pick!!!
Posted by djg7 on :
I like the way it bounced back EOD.
Posted by hbomb on :
quote:Originally posted by hbomb: I'll call .15 EOD
Damn I'm good...lol I must have ESPN
Posted by Prdponce on :
good close ... should gap Monday... IMO
Posted by djg7 on :
Thanks again prd. You are good hbomb nice call. Be ready for a joy ride next week.
Posted by portman on :
aaaahhhh Monday Posted by The Phat Man on :
monday seems a long ways away about now.
Posted by Livinonklendathu on :
Transfer Agent: First American Stock Transfer, Phoenix, AZ 85022-6642
602-485-1346 T/A is gagged for all companies they handle unless your a company officer.
Posted by cautionupahead on :
Check this out people, the OS count is much lower than believed. Pinksheets dot com has the OS at 109,790,000 on 9/27/2006, but on 9/29/2006 POFG announced a mutual rescission with Premier(a subsidiary) and cancelled 39,000,000 shares that were issued to Premier shareholders. That puts POFG at 70,790,000 shares!!! This thing is about to break a $1, Yeeeehaaaaaawwwwww!!!
Posted by djg7 on :
This is not done yet. I think we see a green week. IMO
Posted by Schwabie on :
WHERE YOU GET THE RESTRICTED SHARES ?
THIS WAS ALL I COULD FIND SINCE I WAS AT WORK AT THAT TIME
WHICH I HAD ALREADY POSTED DURING THE RUN.
I MUST SAY. IT SURE AS HECK DOESN'T SEEM TO BE ALOT OF SHARES OUT.
GOD I SWEAR. I LOVE LOW FLOAT STOCKS !!!
FROM NOW ON THATS WHAT I'M PLAYING...
MADE A KILLING THIS WEEK !!!
THANKS PRD FOR THE PICK. I WAS WITH YOU SINCE YOU FIRST POSTED !
DID I EVER TELL YOU THAT YOU'RE MY HERO.. YOU'RE EVERYTHING I WISH...
OKAY... ENOUGH OF THAT
LMAO
quote:Originally posted by Schwabie: LOW O/S !!!
POFG -- Premier Organic Farms Group, Inc. Com ($0.001)
Search for Dun & Bradstreet reports on this company.
Address: 6711 East Camelback Road #17 Scottsdale, AZ 85251 USA
Phone: 480-699-0009
Business Description: The company has one operating subsidiary, Premier Organic Farms Corporation.
Primary State of Incorporation: Nevada
Country of Incorporation: USA
Officers: Stanley F. Wilson, President
Outstanding Shares: 109,790,000 as of 2006-09-27
Estimated Market Cap: 2.58M as of 2006-10-26 (based on Outstanding Shares as of 2006-09-27)
Current Capital Change: shs decreased by 1 for 200 split Ex-Date: Record Date: Pay Date: 2006-04-11
Dividends:
Company Notes: Formerly=U.S. Power Systems, Inc. until 6-06
Transfer Agent: First American Stock Transfer, Phoenix, AZ 85022-6642
Posted by Schwabie on :
quote:Originally posted by cautionupahead: Check this out people, the OS count is much lower than believed. Pinksheets dot com has the OS at 109,790,000 on 9/27/2006, but on 9/29/2006 POFG announced a mutual rescission with Premier(a subsidiary) and cancelled 39,000,000 shares that were issued to Premier shareholders. That puts POFG at 70,790,000 shares!!! This thing is about to break a $1, Yeeeehaaaaaawwwwww!!!
OMG THIS COULD BE HUMONGOUS...
EVEN IF THE WHOLE O/S IS THE FLOAT...
ITS EXTREMELY LOW O/S REGARDLESS !!!
"POFG is in discussions with several acquisition or business combination candidates and will make further announcements as material events dictate. The POFG board and officers revert back to those in place prior to the Premier acquisition date and the 39,000,000 shares issued to Premier shareholders in that acquisition have been cancelled."
They have a VERY UNIQUE business model that is taking the mortgage industry by storm!
Amstar Mortgage Corporation is a mortgage banker/broker primarily engaged in the business of originating and selling mortgage loans secured by one to four family residences. We operate through a network of retail branches that consist of independently managed retail mortgage branches. All branch managers and their personnel are employees of Amstar Mortgage Corporation.
Amstar Mortgage Corporation is one of the nation’s leading and fastest growing retail branching companies. Each retail branch office is staffed by Amstar employees primarily engaged in marketing and acceptance of mortgage loan applications from the general public. Each branch office is networked to the Company's headquarters through a sequel server database loan origination software (LOS) called Encompass TM which provides all the compliance and documents necessary to process mortgage loan applications in accordance with applicable State and Federal regulations.
Amstar provides administrative support (such as personnel, human resource, bookkeeping and similar services), quality control, lender contract negotiations and development. Each branch office retains the discretion to choose among the more than 300 lenders or Amstar’s own proprietary mortgage programs.
Amstar Mortgage is one of the first mortgage companies to offer various commission-based compensation programs. Amstar's CEO, Howard Wayland, Jr., pioneered this plan in the Mortgage Banking industry and was the one who created the flat payment method of compensation. With our multiple fee program options, our retail branch managers can select a commission payment program that they believe will maximize their retail branch profits. Amstar programs target experienced, qualified loan officers with attractive financial opportunities to establish a branch with limited risk and overhead chargeable to their commissions.
Amstar offers its branch offices the opportunity to place prospective loan applications with Amstar's own Mortgage Banking Department. Through our Mortgage Banking Department, Amstar functions as a correspondent lender with underwriting authority delegated from institutional investors.
Amstar also offers many “value-added” services to our branches. From discounted services through partners like FedEx®, Staples® and Dell®, to a networked loan origination software system managed by Amstar’s IT department, and comprehensive administrative support. Through these relationships and systems, Amstar is able to enhance every branch’s profitability while keeping costs low for the consumer.
Amstar Mortgage Corporation stands proud and inspired by the dream and hard work of its more than 150 branch managers.
Amstar has over 750 employees.
For years, Amstar has built a reputation as a reliable partner to hundreds of mortgage brokers. With unparalleled dedication to serving our branches, and an unrivaled commitment to our customers, Amstar Mortgage brings loyalty and integrity back to the industry. Throughout this site you will find very distinct and original programs, compelling partnerships, and countless value added services, designed with each individually diverse branch in mind. We challenge you to explore, research and discover why Amstar Mortgage is the finest retail branch company you will find. In joining Amstar, we believe you will experience a business with a rare sense of vision, answering the question “Why Amstar?”.
Why AMSTAR?
the amstar advantage
Pay one monthly fee and keep 100% of the commissions! Approved with over 250+ lenders and adding more all the time! No monthly quotas! Freedom to operate with the benefits of the corporation without the pressure of excessive corporate oversight!
Loan Officers with as little as 2 years experience can start their own branch and earn more! Insurance benefits available! Multi-state lending! FHA, VA, rural development and reverse mortgage capabilities! Multiple programs to fit your needs! Flexibility to change programs after 6 months! Operate as a banker or broker! Profit shared incentives for the loans you use Amstar as the lender! No first right of refusal! You determine the split with your Loan Officers! Commercial lending! Discount prices on services you need! Just check out these great Amstar partners listed above...
Posted by Schwabie on :
THEY ARE DOING EXCELLENT DD UP IN IHUB..
I BROUGHT THEIR POSTS AS WELL AS THEIR SIGN ON SO THEY GET CREDIT.
cautionupahead, I LIKE YOUR ANALISIS UP IN IHUB.
COULD YOU POST YOUR INFO HERE AS WELL ?
TIA !
IHUB POSTS:
________________________________________________
Posted by: pkripper In reply to: A deleted message Date:10/27/2006 4:14:35 PM Post #of 42
look at this for amstar stock info page? coming soon!!
Posted by: pkripper In reply to: Lieutenant who wrote msg# 36 Date:10/27/2006 9:19:33 PM Post #of 42
no, just the opposite. it is not currently publicly traded so there is no public stock price per say. But to have this page up could indicate it will be soon. There are a couple of other pages on their site that are under construction or "coming soon". this is IMO. and I am invested. I also worry about the too good to be true analysis, this is the pink sheets. Amstar looks legit to me, and from pofg sept.29 news. http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5 Cpr%5C2006%5C09%5C29...
It appears as a nice shell to move into the public market. glty.
_________________________________________________ Posted by: pkripper In reply to: inoutbackin who wrote msg# 33 Date:10/27/2006 8:22:07 PM Post #of 42
from 2004 debt in right column, that is 2 years old. I can't find much more for dd
_________________________________________________ Posted by: analyzethis In reply to: wrongjoe who wrote msg# 27 Date:10/27/2006 7:28:01 PM Post #of 42
Good analysis. But your numbers are a little low!! Mortgage Industry stats for the mortgage industry are at:
As you can see below as an industry the P/E is 14.1!!
Market Capitalization: 84B Price / Earnings: 14.1 Price / Book: 2.0 Net Profit Margin (mrq): 11.5% Price To Free Cash Flow (mrq): 1745.9 Return on Equity: 7.2% Total Debt / Equity: 19.5 Dividend Yield: 3.5%
Anything I say here is just my reasoned opinion.
________________________________________________
Posted by: wrongjoe In reply to: pkripper who wrote msg# 19 Date:10/27/2006 6:35:21 PM Post #of 42
That depends on what the profit margin is and how fast they will become a reporting company.
According to their website, they had about 58 million in revs for fiscal year 2005, but only 37 million in revs for 3 quarters of 2006 - which would seem to indicate this year will be worse than the previous year, unless Q4 is real big for them, as it can be for a lot of companies. Let's assume for 2006 they'll have 50 million in revs at a 10% profit margin (good standard to use if you have no idea). That's 5 million in profits for 2006.
$5,000,000 divided by 110,000,000 shares = .045 EPS. With a conservative P/E of 10 that's .45.
That's assuming reduced revenues from the previous year and no future growth - in other words, that should be the MINIMUM valuation. I would expect this to go higher than that rather quickly, especially if the company plans to be reporting out of the gate or very soon thereafter. Nonreporting companies are usually heavily discounted for the added uncertainty.
Hm. Wish I had caught this one before the close of market... _______________________________________________
Posted by: analyzethis In reply to: None Date:10/27/2006 3:08:09 PM Post #of 42
NEW DD: POFG: about amstar --------------------------------------------------------------------------------
Amstar Mortgage Corporation is a mortgage banker/broker primarily engaged in the business of originating and selling mortgage loans secured by one to four family residences. We operate through a network of retail branches that consist of independently managed retail mortgage branches. All branch managers and their personnel are employees of Amstar Mortgage Corporation.
Amstar Mortgage Corporation is one of the nation’s leading and fastest growing retail branching companies. Each retail branch office is staffed by Amstar employees primarily engaged in marketing and acceptance of mortgage loan applications from the general public. Each branch office is networked to the Company's headquarters through a sequel server database loan origination software (LOS) called Encompass TM which provides all the compliance and documents necessary to process mortgage loan applications in accordance with applicable State and Federal regulations.
Amstar provides administrative support (such as personnel, human resource, bookkeeping and similar services), quality control, lender contract negotiations and development. Each branch office retains the discretion to choose among the more than 300 lenders or Amstar’s own proprietary mortgage programs.
Amstar Mortgage is one of the first mortgage companies to offer various commission-based compensation programs. Amstar's CEO, Howard Wayland, Jr., pioneered this plan in the Mortgage Banking industry and was the one who created the flat payment method of compensation. With our multiple fee program options, our retail branch managers can select a commission payment program that they believe will maximize their retail branch profits. Amstar programs target experienced, qualified loan officers with attractive financial opportunities to establish a branch with limited risk and overhead chargeable to their commissions.
Amstar offers its branch offices the opportunity to place prospective loan applications with Amstar's own Mortgage Banking Department. Through our Mortgage Banking Department, Amstar functions as a correspondent lender with underwriting authority delegated from institutional investors.
Amstar also offers many “value-added” services to our branches. From discounted services through partners like FedEx®, Staples® and Dell®, to a networked loan origination software system managed by Amstar’s IT department, and comprehensive administrative support. Through these relationships and systems, Amstar is able to enhance every branch’s profitability while keeping costs low for the consumer.
Amstar Mortgage Corporation stands proud and inspired by the dream and hard work of its more than 150 branch managers.
Anything I say here is just my reasoned opinion.
________________________________________________
Posted by cautionupahead on :
Check this out. Based on the first 9 months of revenues Amstar should do $50 million in revs this year(or more). Multiply that by the industry average of 11.5% profit margin. That's $5,750,000 in profits for 2006.
$5,750,000 divided by 71,000,000 shares=0.08 EPS $0.08 X P/E of 14(industry average) = $1.12 Price per share.
Right now it's at $0.15 and worth $1.12, can you say Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Posted by Schwabie on :
quote:Originally posted by cautionupahead: Check this out. Based on the first 9 months of revenues Amstar should do $50 million in revs this year(or more). Multiply that by the industry average of 11.5% profit margin. That's $5,750,000 in profits for 2006.
$5,750,000 divided by 71,000,000 shares=0.08 EPS $0.08 X P/E of 14(industry average) = $1.12 Price per share.
Right now it's at $0.15 and worth $1.12, can you say Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
THANKS cautionupahead .
IT MAKES SENSE TO ME.
I LIKE THE NUMBERS ON THE PR.
I LIKE RISK VS REWARD HERE ! COULD PULL A LFZA !
FROM .096 TO .84 !
PERSONALLY, I CAN'T WAIT TO SEE WHAT HAPPENS NEXT WEEK !
WITH SUCH A LOW FLOAT I MAY BUY MORE IF THE MM'S TRY TO SHAKE IT...
NUMBER 4 MOST ACTIVE BOARD ON IHUB !
THERE MUST BE SOMTHING GOING ON !
Posted by Schwabie on :
IHUB POSTS:
_________________________________________________
Posted by: analyzethis In reply to: None Date:10/28/2006 11:10:05 AM Post #of 51
Amstar Mortgage Corporation Profile Founded in 1991, Allied Home Mortgage Capital Corporation (AHMCC)is the largest privately held mortgage banker/mortgage broker in the United States. Allied Home Mortgage Capital is based in Houston, Texas and has hundreds of offices throughout the U.S.
Allied Home Mortgage Capital Corporation funds billions of dollars of mortgaged every year. In some months they handles as many as 12,000 loans per month.
In 2003 and 2004, Allied Home Mortgage Capital Corporation was named one of "The Top 25 Tech-Savvy Lending Firms" by Mortgage Technology magazine.
Amstar Mortgage Corporation: Summary Amstar Mortgage Corporation is a HUD-approved lender (US Department of Housing and Urban Development).
Amstar Mortgage Corporation serves borrowers in the following states: Alabama • Arkansas • California • Colorado • Connecticut • Delaware • District of Columbia • Florida • Georgia • Illinois • Indiana • Iowa • Kansas • Kentucky • Louisiana • Maryland • Massachusetts • Michigan • Minnesota • Mississippi • Missouri • Nebraska • Nevada • New Hampshire • New Jersey • New York • North Carolina • Ohio • Oklahoma • Oregon • Pennsylvania • Rhode Island • South Carolina • South Dakota • Tennessee • Texas • Vermont • Virginia • Washington • West Virginia • Wyoming
Anything I say here is just my reasoned opinion.
_________________________________________________
Posted by: analyzethis In reply to: None Date:10/28/2006 11:12:12 AM Post #of 51
Over 69,000 google hits for Amstar Mortgage. WOW! Lots of brokers use them and they are VERY HIGHLY rated by them. You should read some of what the brokers say about them!
_________________________________________________
Posted by cautionupahead on :
I bet we see a $1 PPS within a week. Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Posted by cautionupahead on :
We already have our first basher on IHub, even though the board was just started yesterday, LOL. It usually takes a while before the bashers move in, so my guess is one of the MMs is short. I made a post calling out this basher(which was deleted for some reason)and she replied within one minute of me posting. Now who hangs out on Ihub all day and night on a Saturday but a paid basher trying to manipulate Mondays action, LOL. These guys aren't even good at what they do, they could try being a little less obvious if you ask me. Bob
Posted by Schwabie on :
THERE YOU HAVE IT FOLKS !!!!
COULD BE THE NEXT LFZA...
POST FROM IHUB :
_________________________________________________
Posted by: jaffet012 In reply to: emulwa who wrote msg# 69 Date:10/29/2006 11:58:01 AM Post #of 70
MUST READ:::: NEW DD::: MERGER CONFIRMED>... hi. everyone. i am sorry for posting this late... i was in jail here in IHUB.
i have some MAJOR news for all POFG holders and future holders.
please read carefully.
On friday after PR... i went to the amstar website and chated with 2 different agents.
below my conversation with one of them....
As you know friday the R/M was announced and that afternoon these people at (online customer support) did not know about any mergers....
READ BELOW... -------------------------------------------- Your session reference number is 158101218 You is amstar a private company? Gabe entered chat session You hi gabe Gabe not sure... Gabe Why do you ask? You because my understanding is that your company is being aquired You are you aware of that? Gabe My position is to give information about our service, We are a large mortgage company with multiple branches nation wide. You excellent, well i am just informing you about the situation. You closing of the deal will be with in 30 days You and yes your company is al You a large one.... for the 9 month period ending june 30 2006... Amstar had over 37 million in gross revenue.. and closed over 1.3 billion in mortgage loans You anyway... ill give you a link so you can read and confirm what i have toled you You http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BEF34B54C%2D3581%2D4713% 2DB6D3%2DC60385B2866.... Gabe Do you own any shares? You of the aquiring company... yes You not of Amstar You Do you have any Amstar shares? Gabe will now.. You jaja.. You is amstar Publicly traded???? Gabe Congratulations!!! You Thank you. Gabe talk to you soon You ok. You good luck to you all You in amstar Gabe God Bless! You thank you
-------------------------------------------------
In my second conversation the gentleman still could not confirm the PR.... but he did help me because he gave me corporates phone number....
I called corporate after hours they were closed, but somehow i managed to get somebody in the accounting department.
BELOW A SUMMARY OF MY CONVERSATION WITH THE ACCOUNTING DEPARTMENT REP.
First i asked him if Amstar was a private or public company... He said it was a private company, therefore it was not publicly traded.
I asked him if it was true that Amstar had signed a definate agreement to be merge with POFG...
and he said yes that they had signed that agreement today (FRIDAY.) He confirmed it....
I then asked him about the terms, but he said he couldn't disclose that information, but i was welcomed to call the CEO monday...
It was a short conversation, but he did infact CONFIRM the POFG was going to aquire Amstar....
There you have it.... if you have any question please email them to me..... becuase i am limited here on IHUB.
any questions please email me to jaffetmendoza*hotmail.com
Good Luck All J12 www.myspace.com/jaffet12 PLEASE FEEL FREE TO REPOST THIS... Investors need to here this.
Posted by IMAKEMONEY on :
YOU PUMPER!!! LMAO Posted by Schwabie on :
Posted by hbomb on :
quote:Originally posted by Schwabie: THERE YOU HAVE IT FOLKS !!!!
COULD BE THE NEXT LFZA...
POST FROM IHUB :
_________________________________________________
Posted by: jaffet012 In reply to: emulwa who wrote msg# 69 Date:10/29/2006 11:58:01 AM Post #of 70
MUST READ:::: NEW DD::: MERGER CONFIRMED>... hi. everyone. i am sorry for posting this late... i was in jail here in IHUB.
i have some MAJOR news for all POFG holders and future holders.
please read carefully.
On friday after PR... i went to the amstar website and chated with 2 different agents.
below my conversation with one of them....
As you know friday the R/M was announced and that afternoon these people at (online customer support) did not know about any mergers....
READ BELOW... -------------------------------------------- Your session reference number is 158101218 You is amstar a private company? Gabe entered chat session You hi gabe Gabe not sure... Gabe Why do you ask? You because my understanding is that your company is being aquired You are you aware of that? Gabe My position is to give information about our service, We are a large mortgage company with multiple branches nation wide. You excellent, well i am just informing you about the situation. You closing of the deal will be with in 30 days You and yes your company is al You a large one.... for the 9 month period ending june 30 2006... Amstar had over 37 million in gross revenue.. and closed over 1.3 billion in mortgage loans You anyway... ill give you a link so you can read and confirm what i have toled you You http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BEF34B54C%2D3581%2D4713% 2DB6D3%2DC60385B2866.... Gabe Do you own any shares? You of the aquiring company... yes You not of Amstar You Do you have any Amstar shares? Gabe will now.. You jaja.. You is amstar Publicly traded???? Gabe Congratulations!!! You Thank you. Gabe talk to you soon You ok. You good luck to you all You in amstar Gabe God Bless! You thank you
-------------------------------------------------
In my second conversation the gentleman still could not confirm the PR.... but he did help me because he gave me corporates phone number....
I called corporate after hours they were closed, but somehow i managed to get somebody in the accounting department.
BELOW A SUMMARY OF MY CONVERSATION WITH THE ACCOUNTING DEPARTMENT REP.
First i asked him if Amstar was a private or public company... He said it was a private company, therefore it was not publicly traded.
I asked him if it was true that Amstar had signed a definate agreement to be merge with POFG...
and he said yes that they had signed that agreement today (FRIDAY.) He confirmed it....
I then asked him about the terms, but he said he couldn't disclose that information, but i was welcomed to call the CEO monday...
It was a short conversation, but he did infact CONFIRM the POFG was going to aquire Amstar....
There you have it.... if you have any question please email them to me..... becuase i am limited here on IHUB.
any questions please email me to jaffetmendoza*hotmail.com
Good Luck All J12 www.myspace.com/jaffet12 PLEASE FEEL FREE TO REPOST THIS... Investors need to here this.
No offense but this post tells me nothing more than I already knew... Posted by Schwabie on :
I KNOW.
BUT ADMIT IT,
IT LOOKS PRETTY DOESN'T IT
LMAO
Posted by Hitman on :
Schwabie....Your post about how to send pictures got removed... You said Click on FULL REPLY BUTTON then Click image ect. However I am not sure what the internet link is.... I would be glad to e-mail the 5 Pictures of BEST JETS owned by PBLS to you if you would like to popst them on that thread.... Just up to you You can send your e-mail address to me at MuComposer at Yahoo dot com if you like.... and I will e-mail them to you for posting
Posted by cautionupahead on :
Check out this chart, this thing was above $1 four months ago and the situation then was nowhere near as good as it is today.(for some reason stockcharts hasn't updated to represent the action from Friday) http://stockcharts.com/h-sc/ui?s=POFG&p=W&b=5&g=0&id=p43012979315 Posted by cautionupahead on :
POFG went as high as $1.65 in July!!!
Posted by cautionupahead on :
Looking over the past 2 years this thing has gone over $2 and past $1 on many occasions, this week could be the week!!! Yeeeeeeeeeeeeeeeeehhhhhhhhhhhhhhhhhhhhhaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
Posted by Schwabie on :
quote:Originally posted by Hitman: Schwabie....Your post about how to send pictures got removed... You said Click on FULL REPLY BUTTON then Click image ect. However I am not sure what the internet link is.... I would be glad to e-mail the 5 Pictures of BEST JETS owned by PBLS to you if you would like to popst them on that thread.... Just up to you You can send your e-mail address to me at MuComposer at Yahoo dot com if you like.... and I will e-mail them to you for posting
I EMAILED YOU.
quote:Originally posted by cautionupahead: Check out this chart, this thing was above $1 four months ago and the situation then was nowhere near as good as it is today.(for some reason stockcharts hasn't updated to represent the action from Friday) http://stockcharts.com/h-sc/ui?s=POFG&p=W&b=5&g=0&id=p43012979315
YES, 2 YEARS AGO THIS WAS OVER $2 AND HELD AT THAT PRICE TOO.
WE'LL SEE. I BOUGHT FRONT ROW TICKETS.
I WOULDN'T MISS IT FOR THE WORLD !
Posted by Hitman on :
Schwabie.... The 5 pictures i sent go on the PBLS thread.... You probably knew that already, just cking thanks 4 ur help..
Posted by Schwabie on :
quote:Originally posted by Hitman: Schwabie.... The 5 pictures i sent go on the PBLS thread.... You probably knew that already, just cking thanks 4 ur help..
DONE.
Posted by jos_tul on :
From IHUB
Posted by: emulwa In reply to: analyzethis who wrote msg# 55 Date:10/28/2006 10:43:33 PM Post #of 75
Acquisitions and reverse mergers have always been good IMO. But let me ask you a question? Why does the courts have to approve this one, rather than the SEC, which normally analyzes such acquisitions. It looks to me like the SEC said No, and that's why they are going to court. Why would they go to court if there is a regulatory body that monitors such acquisitions? IMO beware until you get confirmation from the company being acquired.
Posted by cautionupahead on :
Jos-Probably due to creditors that have to okay the deal. Happens all the time
Posted by Prdponce on :
starting to gap this early already
.16 x .17
I would not be surprise if it opens in the .20 this morning and there is a nice base there.... hopefully would not drop below that if it does open in that area...IMO
Posted by sunny on :
This looks very nice! Congrats to those in...Ponce good find!
Posted by atthebank on :
yes thank you prdponce, should majorly be green all day, lets see this baby walk up for next couple day's, got in friday, not a lot but enough to make some nice green. a pr this moring and "to da moon". Posted by djg7 on :
Uptick on ask .165 x .17. Looks like a lot of steam in this one.
Posted by djg7 on :
.17 x .18.
Posted by Schwabie on :
20,OOO VOLUME PRE MARKET
Posted by Schwabie on :
Today’s Price Performance as of 9:30am EST, 10/30/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.19 Last Price 0.04 +26.67% Today’s Change $0.18 Today’s Open 38,930 Above Avg. Today’s Volume
Posted by hbomb on :
Waaaaaay down.....
Posted by hedfe on :
mms took it down to .11/.12 starting to rebound but rsi is still way overbought-still in the 80's
Posted by cautionupahead on :
I found an answer as to why they have to get a court decision. The SEC prefers acquisitions to be looked at by the courts. Here's why . http://www.sec.gov/interps/legal/slbcf3.txt Posted by The Green Demon on :
quote:Originally posted by hedfe: mms took it down to .11/.12 starting to rebound but rsi is still way overbought-still in the 80's
Looks like it will touch .10's today
Posted by IMAKEMONEY on :
Posted by The Green Demon on :
quote:Originally posted by IMAKEMONEY:
????
Posted by jos_tul on :
Posted by: atout In reply to: None Date:10/30/2006 1:39:13 PM Post #of 117
posting on behalf of emulwa with permission via email:
Date: Oct 30, 2006 12:57 PM Subject: I spoke to the Amstar Mortgage International
I spoke to the Amstar Mortgage International IR Officer (Michael Mayland) and he confirmed to me that the Premier Organic Farms Group, Inc (POFG) press release was genuine. It is true that they have signed a a Definitive Share Exchange Agreement to acquire 100% of the stock of Amstar International, Inc. I could not post it on IHUB because I have limited posts per day and I ran out of my 15 freebee posts. He also said that closing is anticipated within the next thirty days and is subject to the conducting of a Fairness Hearing by a court of law in Nevada. Before approval, the court or authorized governmental entity must hold a hearing to approve the fairness of the terms and conditions of the transaction. A governmental entity must be expressly authorized by law to hold the hearing, although it is not necessary that the law require the hearing. The fairness hearing must be open to everyone who is proposed to be issued securities in the exchange. Its is just a formal procedure that has to be followed when there I an acquisition, as par the SEC regulation I am just a curious investor and that’s why I had to rebut all you guys until I had a confirmation from Amstar, which I did this morning Monday, October 30, 2006.
Posted by Schwabie on :
WTF HAPPENED HERE..
I LEAVE YOU GUYS FOR THE DAY AND THIS IS WHAT I COME HOME TO...?
ITS COOL. I'M WAITING FOR NEXT PR. I LIKE IT !
LMAO
Today’s Price Performance as of 10/30/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.12 Last Price 0.03 -20.00% Today’s Change $0.18 Today’s Open 2,633,041 Above Avg. Today’s Volume
Posted by The Phat Man on :
schwabie... as for me... i got in so pleasantly early that i'm willing to wait for a number of things: 1. PR blitz 2. SEC filings 3. cusip change 4. 1st bottom rebound (seemingly inevitable) 5. death by association with greed.
:-)
Posted by Schwabie on :
quote:Originally posted by The Phat Man: schwabie... as for me... i got in so pleasantly early that i'm willing to wait for a number of things: 1. PR blitz 2. SEC filings 3. cusip change 4. 1st bottom rebound (seemingly inevitable) 5. death by association with greed.
:-)
SAME HERE...
I'M WAITIN... ITS FREE SHARES
Posted by The Green Demon on :
I am getting in when this thing hits .055. Should happen today
Posted by The Phat Man on :
10/31/2006 13:41 EST Definitive Agreement Terms Announced Between Premier Organic Farms, Inc. and Amstar International, Inc.
SCOTTSDALE, Ariz., Oct. 31 /PRNewswire-FirstCall/ -- Premier Organic Farms Group, Inc. (OTC Pink Sheets: POFG) announced terms of the Definitive Share Exchange Agreement to acquire 100% of the outstanding shares of common stock of Amstar International, Inc. (Amstar), a Houston, Texas based holding company primarily focused upon the mortgage banking and broker industry.
Under the terms of the Definitive Agreement, current Amstar stockholders will receive shares of POFG totaling 96.12% of the total outstanding shares post merger. The Company expects to conduct a 1 for 80 reverse stock split and an issuance of new shares to current Amstar stockholders on a one share for each Amstar share to reach this percentage. After the transaction is consummated, approximately 19,312,000 shares of common voting stock will be issued and outstanding in the Company. The Companies expect to have a hearing to determine the fairness of the transaction under Section 3(a)10 of the Securities Act by submitting to a hearing in the courts of Nevada. This agreement is subject to a favorable response in this hearing for Amstar stockholders.
Howard Wayland Jr., the President and CEO of Amstar, stated that this transaction is intended to create liquidity for Amstar shareholders and give Amstar better options at raising capital as a public company. After the merger is completed, Amstar will keep all the current Amstar officers, directors and the management team for the company.
Amstar's major subsidiary is Amstar Mortgage Corporation, a National mortgage banking and brokering company. Amstar currently employs approximately 700 persons and is licensed to operate in 31 states and the District of Columbia through approximately 140 retail branch offices throughout the nation. Amstar Mortgage Corporation is approved to originate FHA, VA Rural Development loans along with conventional and sub-prime mortgage loans. It is approved to sell loans to over 250+ Banks, Insurance Companies, Mortgage Bankers and mortgage investors throughout the nation.
Amstar Mortgage Corporation began operations in October 2002 with less than $300,000 in capital, but grew rapidly to close over 1.1 billion dollars in loans for calendar year 2004 and over 2.2 billion dollars in loans for the calendar year 2005. Amstar closed $2,176,657,448 in mortgage loans in fiscal year 2005 with gross revenue for its fiscal year-end period ending September 30, 2005 of $58,592,331 verses $27,563,915 in 2004 and $6,396,052 in 2003. For the 9 month period ending June 30, 2006, Amstar closed approximately $1,350,202,874 mortgage loans.
For information about Amstar International, Inc. please contact our Public Information Officer, Michael Wayland at 281.481.9040 Ext 132 or e-mail him at PIO*amstarmtg.com
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10- KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward- looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and POFG undertakes no obligation to update such statements.
SOURCE Premier Organic Farms Group, Inc.
CONTACT: Michael Wayland, Public Information Officer of Amstar International, Inc., +1-281-481-9040, ext. 132, or PIO*amstarmtg.com Web site: http://www.premierorganicfarms.com Posted by driver4t4 on :
POFG -- Premier Organic Farms Group, Inc. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Definitive Agreement Terms Announced Between Premier Organic Farms, Inc. and Amstar International, Inc.
SCOTTSDALE, Ariz., Oct 31, 2006 /PRNewswire-FirstCall via COMTEX/ -- Premier Organic Farms Group, Inc. (OTC Pink Sheets: POFG) announced terms of the Definitive Share Exchange Agreement to acquire 100% of the outstanding shares of common stock of Amstar International, Inc. (Amstar), a Houston, Texas based holding company primarily focused upon the mortgage banking and broker industry. Under the terms of the Definitive Agreement, current Amstar stockholders will receive shares of POFG totaling 96.12% of the total outstanding shares post merger. The Company expects to conduct a 1 for 80 reverse stock split and an issuance of new shares to current Amstar stockholders on a one share for each Amstar share to reach this percentage. After the transaction is consummated, approximately 19,312,000 shares of common voting stock will be issued and outstanding in the Company. The Companies expect to have a hearing to determine the fairness of the transaction under Section 3(a)10 of the Securities Act by submitting to a hearing in the courts of Nevada. This agreement is subject to a favorable response in this hearing for Amstar stockholders.
Howard Wayland Jr., the President and CEO of Amstar, stated that this transaction is intended to create liquidity for Amstar shareholders and give Amstar better options at raising capital as a public company. After the merger is completed, Amstar will keep all the current Amstar officers, directors and the management team for the company.
Amstar's major subsidiary is Amstar Mortgage Corporation, a National mortgage banking and brokering company. Amstar currently employs approximately 700 persons and is licensed to operate in 31 states and the District of Columbia through approximately 140 retail branch offices throughout the nation. Amstar Mortgage Corporation is approved to originate FHA, VA Rural Development loans along with conventional and sub-prime mortgage loans. It is approved to sell loans to over 250+ Banks, Insurance Companies, Mortgage Bankers and mortgage investors throughout the nation.
Amstar Mortgage Corporation began operations in October 2002 with less than $300,000 in capital, but grew rapidly to close over 1.1 billion dollars in loans for calendar year 2004 and over 2.2 billion dollars in loans for the calendar year 2005. Amstar closed $2,176,657,448 in mortgage loans in fiscal year 2005 with gross revenue for its fiscal year-end period ending September 30, 2005 of $58,592,331 verses $27,563,915 in 2004 and $6,396,052 in 2003. For the 9 month period ending June 30, 2006, Amstar closed approximately $1,350,202,874 mortgage loans.
For information about Amstar International, Inc. please contact our Public Information Officer, Michael Wayland at 281.481.9040 Ext 132 or e-mail him at PIO*amstarmtg.com
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10- KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward- looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and POFG undertakes no obligation to update such statements.
SOURCE Premier Organic Farms Group, Inc.
CONTACT: Michael Wayland, Public Information Officer of Amstar International, Inc., +1-281-481-9040, ext. 132, or PIO*amstarmtg.com
well, not looking so good to me, hope i am just looking at this wrong, any ideas??
Posted by KublaKhan on :
quote:Originally posted by The Green Demon: I am getting in when this thing hits .055. Should happen today
Did you get in?
Posted by The Green Demon on :
quote:Originally posted by KublaKhan:
quote:Originally posted by The Green Demon: I am getting in when this thing hits .055. Should happen today
Did you get in?
You bet, got in even a little lower then expected...
Posted by The Green Demon on :
hoping that this will gap tomorrow to .055 and run early morning
Posted by hbomb on :
This stock is toast...POFG shareholders will be screwed by 80:1 R/S prior to 1:1 stock swap with Amstar. Totally bogus and really going to hurt a lot of POFG shareholders who saw R/S as a way to get cheap shares of a good company.
Posted by djg7 on :
This is a bagholder. 80:1 R/S! We're screwed.
Posted by realtor548 on :
I got out today with 10% lost. I DID SCARE R/S. R/S is BAD and very BAD !!!! You will lose all your money. May sure you get out as soon as possible.
Posted by Grande on :
teeheehee
Posted by djg7 on :
I dumped a bunch yesterday and made 100% profit.
You can bet I'll dump the rest tomorrow if it is possible. This one is fried.
Posted by OILDOG on :
You shoulda read the info on yahoo. Three business models...this year. U.S. Power Systems (no power,no systems) reverse split April '06 Premier Organic Farms (cancelled 39 mil shares on THOSE people) raising tilapia Now merger with Amstar (mortgage),pinkys trading spit with pinkys. fishy (pun intended) Amstars CEO, Wayland, had "problems" in Arkansas in his previous incarnation. Of course, he was away at Baptist Seminary school,and wasnt......responsible. So,why the surprise?
Posted by The Green Demon on :
quote:Originally posted by djg7: I dumped a bunch yesterday and made 100% profit.
You can bet I'll dump the rest tomorrow if it is possible. This one is fried.
I think that this will pop tomorrow. I bought in at an average of about .044 and hope to get 30 to 40% out of it real quick. We will see
Posted by The Phat Man on :
green... i can't be sure, but my estimates place the relative PPS vs. the R/S and earnings of incoming amstar to be around .03 not gonna go into it, cuz don't have time or patience to write it all out. but that's just my estimates. thus, be careful. it definitely may pop off a bounce and readying itself for some kind of reduced double-neck sell, but it should be about right where the pps is now or lower for the r/s to make sense.
Posted by The Green Demon on :
well I got out yesterday when it didn't gap up in the morning. Took a 10% loss, but once again this thing is looking attractive. I will be back in at .02 or on a good run
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