posted
This stock is bound to get some play as the end of the month nears. Giving 15 shares for every 100 shares owned is sweet! That alone is worth grabbing for the free shares and then using that to keep on the stock for the long term money maker. I see upside from here as it is a bottom bounce if you look at the chart.
Commonwealth American Financial Corp. Clarifies Forward Split Announcement Thursday July 28, 12:20 pm ET
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--July 28, 2005--Commonwealth American Financial Corp. (Pink Sheets:CWMF - News) announced yesterday that the Board of Directors of Commonwealth American Financial Group, Inc. had voted to forward split the outstanding shares of the Common Stock at a ratio of fifteen (15) shares for every one hundred (100) shares of common stock held on August 31, 2005. The company has received several inquiries regarding some confusion pertaining to this announcement, the company would like to clarify that all shareholders of record on August 31, 2005 will receive an additional 15 shares of common stock for every 100 shares they own.
"We apologize for any confusion this may have caused and would like to thank our current and future shareholders for their understanding in this matter," said Damian Guthrie, President.
Commonwealth American Financial Corp. will invest in land development projects either as developer, joint venture partner, and lender or provide mezzanine financing opportunities. The company will also grow by mergers or acquisitions in related industries.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
-------------------------------------------------------------------------------- Contact: Commonwealth American Financial Corp., St. Petersburg Damian Guthrie, 786-246-1077 Fax: 727-895-8735
[ August 18, 2005, 12:07: Message edited by: Rules ]
Posts: 1254 | Registered: Aug 2005
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posted
The interesting thing is the companies stock was .30 recently and has been driven down for no reason. Any positive PR or company news is going to fly it up with no problem in my opinion. Nice find by whoever recommended it in one of the threads here.
Posts: 1254 | Registered: Aug 2005
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posted
For those who are wondering it is now at .0002 any uptick is going to lead to chasing which will drive it up.
Posts: 1254 | Registered: Aug 2005
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I got in yesterday at .0003 Guess it was not the bottom lol. Here is the chart: http://stockcharts.com/def/servlet/SC.web?c=cwmf More volume in last two days than in the past couple of weeks combined and all but two look like buys.. Rules, do you happen to know the os and as...thanks in advance... I should have asked for some advice from the trusted allstocks crew before jumping in, but yeah live and learn
Posts: 47 | From: Western New York | Registered: Mar 2005
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quote:Originally posted by porterhallpi: I got in yesterday at .0003 Guess it was not the bottom lol. Here is the chart: http://stockcharts.com/def/servlet/SC.web?c=cwmf More volume in last two days than in the past couple of weeks combined and all but two look like buys.. Rules, do you happen to know the os and as...thanks in advance... I should have asked for some advice from the trusted allstocks crew before jumping in, but yeah live and learn
I haven't checked but this is a pure speculation trade in my book. Bottom line is that it is at bottom and with being given 15 shares for every 100 you own is going to help eat up the float for an upside. I only bought a million shares so that is about 150,000 free shares! Going to buy more and sit on this one for the upside.
Posts: 1254 | Registered: Aug 2005
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posted
This could be a fun stock to watch. it's cheap and offers free shares at the end of month. With the slowing economy this stock could see pretty good action in the near future. I usually only buy stock that has a good product. but at these prices this could be a deal.
-------------------- Better lucky than good grandpa Posts: 37 | From: dorr michigan 49323 | Registered: Jun 2004
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Does anyone have any more information on this stock ? RSI is at 14 and with a 15 for 100 forward split in a couple of weeks something is bound to happen . any dd is appreciated.
-------------------- Better lucky than good grandpa Posts: 37 | From: dorr michigan 49323 | Registered: Jun 2004
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Hopfully I can get in Monday for 1mil sh. I placed the order today after close. Keeping my fingers crossed.
But, does anyone have a link for more information on this stock. I couldnt find a graph anywhere.
Posts: 166 | From: Phoenix, AZ | Registered: Jul 2005
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ok..i read that it will split shares somewhere around aug 31st but is that really gonna make this fly? Hm..anyone know why this one fell like crazy? i hope it doesnt drop out.
-------------------- One day.....One hope.... Posts: 61 | From: CA | Registered: Aug 2005
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quote:Originally posted by grandpa: Does anyone have any more information on this stock ? RSI is at 14 and with a 15 for 100 forward split in a couple of weeks something is bound to happen . any dd is appreciated.
Business Description: CWMF is a financial company that provides finance to corporate clients for short terms at high interest rates. Our clients are developers, builders, real estate firms and corporations in need of mezzanine financing.
State of Incorporation: DE Year of Incorporation 1954
Officers: Damian Guthrie, Pres.
Outstanding Shares: Not Available
Estimated Market Cap: Not Available
Current Capital Change:
Dividends:
Company Notes: Formerly=Argus Resources, Inc. until 4-05 Formerly=1st Global Petroleum Group, Inc. until 5-05
Transfer Agent: United Stock Transfer, Inc., Englewood, CO 80110
Posts: 5120 | Registered: Jun 2004
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Thanks Prdponce for the DD. I think this stock is going to fly based on the extremely high volume, the upcoming free shares that the company is giving which will help eat up some of the float. The company has already put out a one million dollar loan so they are going to start seeing interest off of that coming back in. There is no reason why the stock fell as they are just getting underway with the new business. Plus, they just opened a new office in Florida so that they can start directing business in that part of the country. The stock is at rock bottom so there is no where to go but up in my opinion but as with all things in life, nothing is for certain as it is just my opinion. I like the looks of the company and the new direction they are going. Plus they have the capital to make it work!
Posts: 1254 | Registered: Aug 2005
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Wow, this sounds like an excellent find... who wouldn't want to buy a stock that is about to forward split. I am going to get a million...and it even if the pps holds...the split will cover my commissions:) i'm in as of monday morning!
Posts: 416 | From: ME | Registered: Aug 2005
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Started a thread on the Hot Stocks post to spread awareness. I think that this stock could benefit everyone, so if you have any good or bad info that could help out our fellow allstocker's than post it over there too:) GLTYA!!!
Posts: 416 | From: ME | Registered: Aug 2005
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posted
I am new to this whole stock trading thing so bare with me... when looking at the chart for cwmf why does it only go back as far as june? and is it normal for a company to announce a forward split so far in advance. how does this benefit the company? wouldnt it cost them millions of free stocks?
-------------------- win some loose some but never know unless you buy. Posts: 11 | From: Vegas | Registered: Aug 2005
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Hope this helps! Copy of a RB post I just found!
By: stars99 19 Aug 2005, 04:27 PM EDT Msg. 8 of 9 Jump to msg. # Why?
because this is PRRM all over again. This is the former management of PRRM that stock sank to .0001 over a year ago and is still at .0001 . As for Mr Guthrie, formerly corporate Mortgage solutions and back doing business with the Astroms again with this new company. How ? Look who the 1 million dollar loan went to. Yes a tv station and yes an ASTROM. Its all a scam like the last time.
Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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so what does this mean? is this not worth buying, even with the free shares at the end of the month?
Posts: 242 | Registered: Aug 2005
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Free shares are free shares in my opinion so I don't care what the company does! They just changed the deal to 50 free shares for every 100 shares owned on Sept. 30.
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