posted
My understanding is everyone gets 15 shares for every 100 on August 31st and then another 50 shares on September 30th. How can you go wrong getting 65 shares for every 100 you have at this price!
-------------------- If you made money, it was a good trade Posts: 453 | From: Cleveland, Ohio | Registered: Apr 2005
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posted
I believe we will be receiving 50 shs for every 100 as of sept 30. But yea.. I agree that at such a low price, there's not much to lose.. I really believe that this will make me lots and lots of $$$
ST. PETERSBURG, Fla., Aug 22, 2005 (BUSINESS WIRE) -- All mentions of the date September 31 should say September 30.
The corrected release reads:
COMMONWEALTH AMERICAN FINANCIAL CORP. ANNOUNCES REVISION AND INCREASE OF FORWARD SHARE SPLIT
Commonwealth American Financial Group, Inc. (Pink Sheets:CWMF) announces that the Board of Directors of Commonwealth American Financial Group, Inc. have voted to revise the forward split of the outstanding shares of the Common Stock to fifty(50) new shares for every one hundred(100) shares of common stock held on September 30, 2005. To the individual shareholders, this action means that all shareholders of record on September 30, 2005 will receive an additional 50 shares of common stock for every 100 shares they own. The shares received will not be in addition to the extra 15 shares announced on July 27, it is a change and increase of the shares to be received from 15 to 50 new shares. In addition the record date has been changed from August 31 to September 30, 2005.
Damian Guthrie, President said, "We want to thank our shareholders for their tremendous interest in the company." The mission of Commonwealth American Financial Corp. is to invest in land development projects either as developer, joint venture partner, lender or create mezzanine financing opportunities. The company will also grow by acquiring subsidiaries in related fields: construction, real estate brokerage-appraisal-management, in Tampa, St Petersburg, Orlando, Miami, and Ft. Meyers.
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.
quote:Originally posted by TalonSin: My understanding is everyone gets 15 shares for every 100 on August 31st and then another 50 shares on September 30th. How can you go wrong getting 65 shares for every 100 you have at this price!
posted
1.5 mill just went through at 1, did you get filled jif?
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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posted
Great.. i am down 50%...lol.. but.. it'll.. bounce right back... and be back at square one.. hopefully bounce back to .0005..
Posts: 208 | Registered: Aug 2005
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posted
I have 2 mill in at .0001 now that will bring me up to 3 mill. But, whats going on with this? We need some good PR to start bringing this up a little. It really has been sitting stale. Any recent news? (Other than the free shares) I'm still in but it looks like this might crap out. Has me a little worried.
Posts: 166 | From: Phoenix, AZ | Registered: Jul 2005
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posted
Vol. at 99,000?? Thats kinda low don't you think? With the free shares offering - I would think this owuld be moving right along esp. at .0001
Posts: 166 | From: Phoenix, AZ | Registered: Jul 2005
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posted
doesn't get any cheaper than this and no way this doesn't go up as the split date gets closer..wish i had some funds available to buy more Posts: 289 | From: Atlanta | Registered: Jul 2005
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posted
Hmmmm, well just went back up to .0002 looks like I wont get my 2 mill at .0001 . We will see. I use WellFargo Brokerage - at times they are a little slow in getting confirmations. So we will see. Have my fingers crossed and rosary clutched. Amen!
Posts: 166 | From: Phoenix, AZ | Registered: Jul 2005
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posted
yeah I figured it wouldn't stay there long...oh well nothing wrong with getting in at .0002 hope it stays this low a few more days
Posts: 289 | From: Atlanta | Registered: Jul 2005
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posted
I own over 9 mil shares of these guys. I am wondering about the company though. It seems that one man is doing everything. I have only found Mr. Guthrie to be working at this company. Does anyone else no more about this company?
posted
CWMF - chart update..good job guys holding several Mill still..anyone selling here not very bright IMO Extremely oversold and STO turning now! ;0) Posts: 836 | From: Atlanta | Registered: Aug 2004
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-------------------- siggy: 'the poorest way to help the poor is to be poor' / jmichael1974 (yahoo) Posts: 836 | From: Atlanta | Registered: Aug 2004
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posted
lol Jif..yeah thats a serious chart...you could make some serious dough just playing this between .0001 and .0002 if it keeps this up hahaha...50% back and forth
Posts: 289 | From: Atlanta | Registered: Jul 2005
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posted
Yeah if you could ever get a buy in at .0001. I've had 2mil in since 09:30 this morning.
Posts: 113 | From: New England | Registered: Jul 2005
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