I think our time will come --- I'm not sure what the O/S are for USXP or what the float was but CWFG can make the same run -- after holding for so long then out of nowhere the company reaches .0085
What we have to our advantage that USXP didnt is that a good chunck of the float is already owned (IMO) and we are still at .0001 - .0002 -- plenty of room for this to run ... What we need is a BILLION shares traded in a single day like USXP
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Commonwealth American Financial Group Announces Update to Shareholders Feb 8, 2006 9:32:00 AM Copyright Business Wire 2006 MIAMI--(BUSINESS WIRE)--Feb. 8, 2006--
Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) announces progress on the current company developments and the business plan. President Kristin Mary Ryals made the following comments for release today.
Ms. Ryals, President and CEO, said: "I would like to take this opportunity to reinforce to our shareholders the current and future outlook for Commonwealth American Financial Group, Inc. We have successfully to date retired 650 million shares to the company treasury through our buyback and will continue to retire purchased stock. We have several mortgages earning revenue throughout the Florida real estate market and anticipate that by the end of the 1st quarter have a further $500,000 invested in mortgages. We have successfully established our Hurricane Relief Corporation that has established offices in Texas and Florida. Gulfcoast Emergency Inc.'s mission is to bid on prearranged contracts with local municipalities in preparation for the Hurricane season. We are actively looking to acquire a real estate related firm that has well established history and financials that can reinforce the core business plan and provide the company with a consistent revenue stream in conjunction with our other business operations currently. We are currently under contract to purchase and develop 56 acres of land in North Central Florida. I believe that with the current business plan and developments under contract that Commonwealth will be successful in its business plan and will continue to grow aggressively in the 1st quarter of this year."
The mission of Commonwealth American Financial Group, Inc. is to invest in land development projects either as developer, joint venture partner, or lender and create mezzanine-financing opportunities. The company will also grow by acquiring subsidiaries in related fields such as construction, real estate brokerage-appraisal-management, in Florida, Texas and Louisiana.
The Company has established a website http://www.cwfgroup.net and trades under the symbol (Pink Sheets:CWFG).
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.
---------------------------------------------- Commonwealth American Financial Group Inc. Miami Kristin Mary Ryals 305-913-7112 Fax: 305-913-4101
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We have several mortgages earning revenue throughout the Florida real estate market and anticipate that by the end of the 1st quarter have a further $500,000 invested in mortgages.
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i do like what she said (( We have successfully to date retired 650 million shares to the company treasury through our buyback and will continue to retire purchased stock.))
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Maybe not. I thought about it also when I saw the volume spike, but I also hope that the company isn't in bad enough shape that $10K (minus mm's cut) is going to help out a lot LOL If so, dilution isn't our only concern!!
-------------------- I just want to make enough money to be eccentric.
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-------------------- 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.
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