posted
9mil is diluting by cwfg....We have seem more than usual in the past couple days. Volume is up due to dilution. We should get passed this though.
-------------------- Hurry up and wait.
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quote:Originally posted by heynow: 9mil is diluting by cwfg....We have seem more than usual in the past couple days. Volume is up due to dilution. We should get passed this though.
come on!!! find something else....
-------------------- dont drink and drive!!!
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posted
9 mil is the largest sized block that can be traded in the system. So if you buy 10 million, it will show up as a 9 mil and a 1 mil transaction.
Often when someone is dumping shares you will see a huge list of 9's followed by a closing trade.
ie. 100 million 11 trades of 9 million followed by a 1 million trade
-------------------- I just want to make enough money to be eccentric.
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Im all in with CWFG...Just trying to make sense of it all. My comments are not going to affect the outcome of this stock. What Im saying that the recent increase in volume is misleading. Yeah the Volume was up over 300mill but most of it was dilution. I aslo think the PR that came out was meant to keep us around for a while before the real PR comes out...Im in the mortgage banking industry commercial and residential and I can almost say 100% that they are not closing on 2/10/2006. You will usually have delays even in bigger firms such as CWFG...This puppy will run but I dont think it will for a few weeks.
-------------------- Hurry up and wait.
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posted
Commonwealth American Financial Group Announces Update on 56 Acre Land Acquisition Feb 10, 2006 9:17:00 AM Copyright Business Wire 2006 MIAMI--(BUSINESS WIRE)--Feb. 10, 2006--
Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) announced today that the closing date for the acquisition for a 56 acre parcel of land in North Central Florida has been extended. The seller has been unable to provide clean title to the 56 acres and is in the process of obtaining clean title to the property. The Contract has been rescheduled to close 30 days after obtaining clear title. Commonwealth also announces that we have two pre signed sales contracts for 40% of the land. The pre sales contracts will take affect upon the seller providing clean title.
Ms. Ryals, President and CEO, said: "We still anticipate closing on the property within the first quarter of this year and remain on track to develop the land within our projected timelines. We have been informed by the seller that clean title should be attainable within the next few weeks. Accordingly we will keep shareholders aware of the new contract dates and closing period. We have several other properties under review currently and will be aggressively pursuing these development opportunities in the coming months."
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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posted
We'll have to wait another couple of weeks for this move. But hey, she's mentioned 2 sales contracts pre-signed which is very nice imo.
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posted
I'm a little nieve to real estate stuff, but from having bought many cars in the past, isn't the issue of a "clean" title the first thing you deal with when you are making a purchase?
Why wouldn't they have known this and resolved this? If it only takes a few weeks, like she said, they had plenty of "few weeks" to get the title cleared and to close by the promised date of 2/10/06.
This is Real Estate 101 stuff!
-------------------- Do not boast about tomorrow, for you do not know what a day may bring forth -- Proverbs 27:1
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posted
man go out of town for a day and see 350 MIL in dumps yesterday and a delay on the land ---- TITLE should have not taken this long, this disturbs me -- but on the flipside -- she is claiming to have a good chunk sold
posted
I have experience in this and actually Clean Title can mean a variety of things, and no it doesnt have to be settled before the purchase and sales agreement is signed. In the contract to buy/sell the buyer usually puts conditions in the contract to be met at closing. The condition of clean title is usually one of those issues that is stated to be resolved by/on the closing date (if time is of the essence then it kills the deal if not met). If time is not of the essense (as it rarely is in commercial real estate contracts because who wants to spend all the money getting ready for the deal just to have a condition precedent cause the deal to fail) then clean title/other conditions are usually granted extensions in 30 day increments.
-------------------- 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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posted
I am holding for a future run.What are we going to do sell for .0001.I am supporting the new CEO she took this company over at the bottom and these things take time so instead of bashing her why don't we show some confidence in her and maybe in the not to distance future we will all benefit from her hard work.GLTA
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posted
I hate to right sometimes but this was expected in my eyes. Clearing title can take anywhere from a couple weeks to a few months depending on what is on Title...They could have mulitpe leins which is to be expected. Small or Large judgements but in any case this is very Normal...Im in and staying in. Good luck
-------------------- Hurry up and wait.
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posted
You never know what can happen,all it takes is just the right PR and these can go way up or do nothing.I like to gamble so i am keeping my money on this.
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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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I mean, even if they close today, the PR may not come until next week.![[Big Grin]](biggrin.gif)
