posted
Geeezus H!! LMAO! I about fell out of my chair here.. and VERY glad I wasn't drinking my coffee, or it would have been ALL over the screen.. LOL
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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CWFG (BSNS WIRE) Commonwealth American Financial Group Announces the Resignation o Mr. Damien Guthrie as President and CEO Commonwealth American Financial Group Announces the Resignation of Mr. Damien Gu hrie as President and CEO
Business Editors
MIAMI--(BUSINESS WIRE)--Nov. 11, 2005-- Commonwealth American Financial Group, Inc. (Pink Sheets: CWFG) today announced that the Board of Directors has accepted the resignation of Mr. Damien Guthrie as President and CEO. The company with regret has accepted the resignation of Mr. Guthrie and will continue with its stated business plan and objectives. Ms. Kristin Mary Ryals as previously announced has been named President, CEO and COO of the company. Mr. Guthrie will no longer have any affiliation with the company whatsoever. The company will also move the corporate office previously located in Tampa, Florida to Miami, Florida as the company believes the relocation will be better for the business. "The company will continue the business plan established by Mr. Guthrie in a aggressive manner actively pursuing contract bidding, joint ventures and other revenue producing prospects." said Ms. Ryals President & Chief Operating Officer. FORWARD LOOKING STATEMENTS: This information includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel as related to the industry. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this issue.
KEYWORD: NORTH AMERICA FLORIDA UNITED STATES INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING COMMUNICATIONS MARKETING CONSTRU TION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & MP; REAL ESTATE PERSONNEL SOURCE: Commonwealth American Financial Group, Inc.
CONTACT INFORMATION: Commonwealth American Financial Group, Inc. Kristin Mary Ryals, 305-913-7112 Fax 305-913-4101
Posts: 194 | From: N. Ireland | Registered: Nov 2004
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posted
I am sitting on 5 million shares of this based on a tip weeks ago...it only hit .0003 once since I bought it and it was for only an hour or so,is this going anywhere at all before a RS?
Damian Guthrie has been involved with as many as three (possibly more) different companys within the last two years. All have "merged" with other companies in a matter of months. None of them ever showed income.
Damian took over as president and ceo of CWFG, has posted PR's about submiting bids for contracts for rebuilding the devestated gulf coast areas.
None of the contracts have been awarded to CWFG as of yet.
CWFG never showed any income or revenue, and never posted any financial statements in the time that Guthrie was President.
The company offered a forward split when the PPS was around 0.0005. Guthrie stated that this forward split was "for the investors" in appreciation of their support.
Commonwealth does/did in fact have a small office in St. Petersburg, however when a call was placed to a secretary in the same office building, she noted that CWFG does in fact rent that office space, she has never seen anyone in the office, and as far as she knows, there is a small desk and a fax machine in the office. The office does not display the CWFG name on the door. No one has ever seen anyone go in or out of the office, and no one has ever met Mr. Guthrie, as far as she knows.
Mr. Guthrie is in the pinksheet shell business. He owns and maintains http://www.pinksheetshells.com. Until recently, he listed the same phone number and email address at the bottom of the mentioned web page as the one published as the contact information of CWFG. Recently, that information has been removed, and has been replaced by a new *yahoo.com address. Guthrie still owns the web site domain, which is public information.
Initially, CWFG announced the addition of Ms. Ryals to the company, and her postion would be President and COO. That PR never mentioned what role Guthrie would maintain, but his current title was CEO, so it was assumed that Guthrie was still the CEO of CWFG.
Note in that same PR Ms. Ryals statement: "I would like to thank the Board of Directors and my predecessor Mr. Guthrie..."
A follow up PR announced a new, wholly owned subsidiary, however wording in the PR lists Ms. Ryals as "President and CEO".
The next PR announced an agreement to a Joint Venture with NW Capital Partners, LLC. In the opening paragraphs, the joint venture is "subject to all applicable laws and the complete execution of definitive contracts". Note that there was no official statement from NW Capital Partners, LLC.
Note the "definitive contracts" wording.
The most recent PR announces the resignation of Damien Guthrie. Notice the incorrect spelling of "Damien" throughout the PR. This PR now lists Ms. Ryals in the contact information, along with a new phone number.
The CWFG website has changed, and is now www.cwfgroup.net. On this site, the corporate headquartes has changed from St. Petersburg to Miami. Notice the new address is:
If you do a little digging with this information in mind, you will find a company called Knowledge Protection Company, LLC, with a website at http://www.kprotect.com.
The location of this company and the telephone number is listed as:
In effect, you have a publicly traded pinksheet company formerly run by a guy who sells pinksheet shells, all of a sudden in the same office as an LLC, with the same contact information.
posted
from another board---- Posted by: coinstarz In reply to: Slippery Wing who wrote msg# 361 Date:11/12/2005 12:35:41 AM Post #of 375
Nice summarization Slippery Wing.
I followed your steps and dug deeper. I found some very interesting background behind new CWFG. Knowledge Protection Corporation (KPC) is U.S. sales/installing representative for Optenet, a Spainish software firm (see link below). Eric Schaer, owner of Falcon Capital LLC (Private Equity Investment firm), runs KPC. He has been in computer training business for more than 20 years and has been looking for an opportunity to go to the stock market lately. However, he had trouble with authority to run a public traded company due to a labor lawsuit, then he recruited Ms. Ryals to buyout CWFG from Damian (I should say operate CWFG for Damian...they must have an undertable deal). I believe Mr. Schaer will use CWFG shell to reverse merge with KPC. Since Damian has nothing in asset or contracts, Schaer didn't waste too much money on it (I believe it is less than $1M).
But why Ms. Kristin Mary Ryals? Who is she? She is a a seasoned professional and resident of Florida according to a PR. Actually she is a real estate agent living in Miami. She is an attractive female (single?) and very smart capable individual. I believe she will be much better than Astrom and Damian.
Now let's go back to the stock. IMO, this stock could run up as high as 500 - 2000% depending on how much asset KPC has. The real challenge is that we don't know the true share structure such as O/S and A/S. I hope someone can contact Ms. Ryals and post info here. If you know PRRM, you know what I mean.
November 9, 2005 Commonwealth goes after disaster cleanups Commonwealth American Financial Group Inc. is forming an emergency services division.
The new division will engage in the negotiations of prearranged emergency service contracts with municipal, city and state governments. The contracts will include prepaid fees, which the company says will expedite disaster cleanups.
St. Petersburg-based Commonwealth (PINK SHEETS: CWFG) is also considering additional opportunities either by acquisition or mergers to increase its existing operations such as acquiring a general contracting firm with approved contracts already in place.
"We believe, per the increased yearly damage due to hurricanes and other natural disasters in the communities served by the company that this is a natural fit for the company's operations and will generate another stream of revenue," said Kristen Mary Ryals, president and chief operating officer, in a release.
Commonwealth's mission is to invest in land development projects either as developer, joint venture partner or lender.
posted
Commonwealth American Financial Group Names New President
Commonwealth American Financial Group, Inc.(Pink Sheets: CWFG) today announced that Kristin Mary Ryals has been named President & Chief Operating Officer of Commonwealth American Financial Group Inc.
Ms. Ryals a seasoned professional and resident of Florida, intends to accelerate and modify the existing Commonwealth corporate business plan, which is to invest in distressed or redevelopment projects either as the developer, joint venture partner, or lender and aggressively pursue mezzanine/interim financing commitments from contractors who have won bids already and lack the financial ability to perform/complete said contracts and fast track all of the company's in house bidding processes & pending bids.
The company will also expand its areas of operations to include Florida along with the other hurricane ravaged areas already being served by the company. The company will also aggressively pursue acquisitions or merger partners that compliment the existing business plan in Texas and Louisiana.
The company currently is considering several additional opportunities either by acquisition or mergers to augment its existing operations such as acquiring a general contracting firm with approved contracts already in place, creating an emergency services division or acquiring/merging with sub contracting firms with contracts for services to companies that already have won bids and are ready to go.
'We believe, per the initial estimated monetary damage due to the hurricanes in the communities served by the company that damages could reach several billion dollars, thus we are positioning the company to be a major supplier of services and expertise in these areas. The company over the next several weeks will undergo several divisional changes and form certain new subsidiaries and divisions to enhance the company's objectives and success while maintaining no change in the company's capital structure while enhancing shareholder value,' said Ms. Ryals President & Chief Operating Officer.
'I would like to thank the Board of Directors and my predecessor Mr. Guthrie for the opportunity to serve in this capacity for a company that I believe is positioned to be a major force in the industry and community it serves, I look forward to the future of the company and its challenges/successes as we build our company, I am proud to be a part of it,' said Ms. Kristin Mary Ryals.
FORWARD LOOKING STATEMENTS: This information includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to mange growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel as related to the industry. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this issue.
Contacts
Commonwealth American Financial Group, Inc. Damian Guthrie, 786-246-1077 Fax: 727-895-8735
posted
really dont understand why someone sells at 0.0001!!!!
-------------------- thanks to all GZFX panic seller!!! Take a look at CWFG....did I mention ITGJ ? Posts: 216 | From: my mother!! | Registered: Nov 2005
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posted
Theres only two reasons that i can think of,either they lost hope in the stock and or they want to free up money.
Posts: 5 | From: PA | Registered: Sep 2005
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quote:Originally posted by Mack: must be polar buying again--he must have gotten his paycheck again???lmao!!!!
That wasn't called for...
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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posted
Thanks Superbee383 , as for every one else , i resent that remark. I'm in sitting her with 1 mill shares waiting for news like every one else, Hope to see .0005 soon with news then i'm out .
Posts: 181 | From: Quebec | Registered: Aug 2005
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posted
I'm hoping for that .0005 soon too! And higher with any luck! :-)
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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posted
Hmmmm. Wonder if we are going to get any news about contracts that were forthcoming with Guthrie. Thank God he is gone. I feel so much better about this stock now.
Posts: 166 | From: Phoenix, AZ | Registered: Jul 2005
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quote:Originally posted by toomuch: really dont understand why someone sells at 0.0001!!!!
It's simple. To free up some cash to trade in something that's not in the dumper and has some potential for growth. This stock is virtually impossible to sell at 0.0002, and has done nothing since the FS despite the PRs and all the talk about contracts and value. I've just about had it with this company, and if it means taking a loss at 1 to move on, well that's just the way it is. Way too many shares and no money coming in means this is going to stay a dog for a long time. All this just IMHO. I'll probably try to stay in long enough to recoup to break even, but have no hopes beyond that.
Posts: 170 | Registered: Jul 2005
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posted
I must say I sold about half my position today, I've got a real bad feeling a r/s is coming real soon, the past couple prs are nice but they are market "gut-checkers", meaning that if the pps doesn't move mgmnt knows that something needs to be done, still holding some for a miracle though
-------------------- 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
didnt think id cause a sell off, geeze lol I still have almost 10 mill of this
-------------------- 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
Ok Jmoove i sell you my 1 mill shares at .0003 if you want them , cant afoord to sell for less than that sorry need to see the green..
Posts: 181 | From: Quebec | Registered: Aug 2005
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posted
ok, so i sell at .0003 my 9 mill so i will see the green too. lol
-------------------- thanks to all GZFX panic seller!!! Take a look at CWFG....did I mention ITGJ ? Posts: 216 | From: my mother!! | Registered: Nov 2005
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posted
well.....till everybody sell at .0001 we'll have to wait to see green on our account!!! hope all panic seller disapear soon !!! very tired to wait for something that might never happen!
-------------------- thanks to all GZFX panic seller!!! Take a look at CWFG....did I mention ITGJ ? Posts: 216 | From: my mother!! | Registered: Nov 2005
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posted
A lot of volume still happening for a stock that isn't lifting above the floor... I'm really concerned we're still seeing dillution and not just panic sells. People who were panicking should've finished selling last week. Anybody got a line on this?
If CWFG was a shell and this other company bought CWFG so they could get listed, what are the odds that the PPS will improve when the new company merges into CWFG -- and what are the odds that this will only cause more panic and/or the new company will start another round of dillution? Is anyone still actually hoping that we'll see contract news?
I've almost averaged down to 3 on this one, but CWFG has stopped making much sense to me. Good news -- anyone?
Posts: 249 | From: NYC | Registered: Sep 2005
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posted
most of the time mm HDSN is the diluter for most companies on the pinksheets-he had been on the bid of .0001 with 3 other mm's the last few trading days-jmo-dilution is over, just people sold flat yesterday to move on to something else-jmo-G/L
Posts: 3056 | Registered: Feb 2005
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