quote:Originally posted by DWE: Madge..... Seems that Ingen Tech is doing okay for now. I had nasty thoughts about CEO Scott Sand when he announced the R/S but it seems that IGTG is doing well so far.
I've got the same tentative feelings about the good news but hopefully CWFG will come around soon too without a R/S to srew it all up.
-------------------- Trust but verify!
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Not to worry, pathetic and unsubstantiated claims like that are only believed by simpletons. The rest of us smart ones knew you were blowing smoke or had simply inhaled too much of it.
But seriously, that can get you in big trouble. Good luck in your investments.
-KNOw3
quote:Originally posted by moomula: Hmmmm......Look guys I was BS'n about talking to an mm. I was trying to lift up this dead beat stock. I am in for 3 million and am getting impatient. So.....I was trying to pump the stock, maybe a little misleading... atleast I am pumping and not dumping. Sorry I am ashamed of myself. Will you all forgive me?
posted
Commonwealth American Financial Announces the Formation of a Wholly Owned Emergency Services Subsidiary Tuesday January 17, 8:30 am ET
MIAMI--(BUSINESS WIRE)--Jan. 17, 2006--Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG - News) today announced that the Board of Directors has established its Emergency Services Subsidiary. The name of the wholly owned subsidiary is Gulfcoast Emergency Inc. ADVERTISEMENT
The Subsidiary's mission is to negotiate contracts with Municipal, City and State Government departments before the 2006 Hurricane season. The corporation is based in Miami, Florida and will bid on emergency type contracts such as, disaster relief, debris removal and logistical services. Contracts will be pre-arranged prior to the disaster so that the execution of contracts will be immediate rather than bidding with several other contractors after severe damage has occurred. A recent quote from the Miami Herald: "`Planning for hurricanes has to be incorporated into South Florida business models,' Nero said. Local economist Tony Villami said so far hurricanes have been a 'hidden cost' of doing business."
The company is also working towards closing on the 56 acres it is in the process of purchasing. Commonwealth expects and projects profits to be approximately $500,000 based on the acquisition price of $19,000 per acre and sales prices expected to be above $30,000 per acre.
Ms. Ryals President and CEO said, "We are experiencing a lot of competition in the current bidding that we have been undertaking. It is therefore imperative that we pre negotiate these type of service contracts months prior to needing such services. It is in the best interest for the company that we secure pre arranged contracts so that our risk in such ventures is minimized. This will give us time to properly complete our due diligence prior to bidding on these contracts."
The Company has established a website http://www.cwfgroup.net and trades under the symbol (Pink Sheets:CWFG - News).
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this just printed pre-market-has to be mistake----looks good though--------Historical Time & Sales Stock Symbol Trade Date Price Range Trade Size Trades per Page Today 1 day ago 2 days ago 3 days ago 4 days ago Min Max Min Max (Max 400)
CWFG(2006/01/17) Time (EST) Volume Price Exchange Bought/Sold Tran/Type Legend 08:56:36 10000 0.01 + OTCEQ_NBB T (F) 08:56:36 10000 0.01 OTCEQ_NBB T (F)
posted
I like the gov't contracts idea. The half-a-mill land deal is lame. I knew they weren't going to develop the land. But why? That's where the real money is at?
A $500,000 land deal is jack... this kind of stuff will do zero to move PPS.
-------------------- Do not boast about tomorrow, for you do not know what a day may bring forth -- Proverbs 27:1
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quote:Originally posted by Team Sleep: I like the gov't contracts idea. The half-a-mill land deal is lame. I knew they weren't going to develop the land. But why? That's where the real money is at?
A $500,000 land deal is jack... this kind of stuff will do zero to move PPS.
Still revenue no matter how you dice it up.
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I understand it's still revenue, but it scares me that they wouldn't develop the land, which could turn that $500,000 into $5,000,000.
Why are they so quick to flip it? Are they in financial trouble and they desperately need the $500,000? Do they not have the financial means or backing to build?
Something doesn't sound right to me, somethings not adding up here...
-------------------- Do not boast about tomorrow, for you do not know what a day may bring forth -- Proverbs 27:1
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quote:Originally posted by Team Sleep: I understand it's still revenue, but it scares me that they wouldn't develop the land, which could turn that $500,000 into $5,000,000.
Why are they so quick to flip it? Are they in financial trouble and they desperately need the $500,000? Do they not have the financial means or backing to build?
Something doesn't sound right to me, somethings not adding up here...
It is a joint venture and possibly a quick buck for them to apply in other areas of their business. What sounds good to us may not be the best option for them. They may need the revenue to keep other ventures moving forward.
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Building something on the land and selling would take awhile. The annual rate of return on assets to do that development would be low or perhaps not as high as buying and flipping. Sort of like trading pennies.
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Well, fron the pr it sounds like we won't be seeing any contracts from the past two hurricanes. And with profits of 1/2 mill, looks like I will be holding this a while, or until something else comes into the works.
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