quote:Originally posted by WarpedMind: I'd buy some right now... but this non-movement is giving me second thoughts.
Screw it, I'm gonna take the risk for another mill. It's worth risking $100-$200 IMO. As long as they re-release this news, we should be good.
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(BSNS WIRE) Commonwealth American Financial Group Signs Definitive Agreement ith NW Capital Partners, LLC Commonwealth American Financial Group Signs Definitive Agreement With NW Capital Partners, LLC
Business Editors / Real Estate Writers
MIAMI--(BUSINESS WIRE)--Dec. 12, 2005-- Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) announces that they have signed a definitive agreement with NW Partners LLC to purchase and develop 91 existing and 22 vacant lots in West Palm Beach, FL. The agreement establishes the contractual arrangements between the corporations. The project consists of 91 existing units (to be renovated or demolished) and 22 vacant building lots in the Northwest District of Downtown West Palm Beach, Florida. The approximate cost to purchase the existing units and lots is $7,500,000. The plan is to purchase and develop medium and high density housing with starting sales price of $250,000 per unit. The development will consist of single family homes, condominiums and retail commercial. NW Capital Partners, LLC (the Partners) was formed by the Northwest Communities Development Partnership, Inc. (the CDC) a Florida not-for-profit corporation. The CDC's mission is to use its community stakeholder resources, which includes working relationships with the City of West Palm Beach, land owners and developers-builders to facilitate the revitalization of the Downtown Northwest neighborhood. Kristin Mary Ryals CEO said, "We are excited about this venture because there is huge demand in downtown West Palm Beach and these properties are the next properties to be developed in the downtown West Palm Beach redevelopment plan. The location of the properties adjoins City Place and others." See links: http://www.cityplace.com/
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quote:Originally posted by WarpedMind: Anyone think I have a chance of buying this at .0001?
I've got a buy for a mill at 1. I'll let you know what happens but this time I'm going through scottrade and not schwab so not sure how lucky I'll get.
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quote:Originally posted by New_Ventures: HEY GOOFBALLS, HOW DO YOU EXPECT IT TO RUN WHEN YOUR SITTIN ON BID ???????? .0002 is where its at
That's the thing, it's not going to run if the majority of investors can't even see the PR on their respective wires. So I'm just trying to take advantage of the situation. My small mil order won't keep this from running.
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The news still is not on all wires. I'm hopin this runs today. If we get a little run today this stock could skyrocket. Ryals is doing a great job as CEO. We could have used her 4 months ago. Still holdin 4.5 mil
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I agree kevin. Why would you even consider selling at the bottom when it is obvious that CWFG is going to run. even if only to .0004. Depending on the amount you have invested that could be a nice chunk of pocket change
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How can a company, that's valued $2.8 Mio, purchase over 100 lots for $7.5 Mio to develop and sell them for over $25 Mio fall back to be valued $1.4Mio again?
Wait, I'll grab my AK47 to pump my legs with lead, this would make as much sense as what's happening with CWFG today!
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quote:Originally posted by so uh wheres ma money: does anyone else have trouble w/ ameritrade today, particularly with streamer?
Streamer on Scottrade is flaky today also. I'm looking to get out of Scottrade. Anyone have any suggestions on a good broker for penny stocks? Choicetrade doesn't look bad. Any thoughts?
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