posted
maybe right but your ignoring the main fact here-the last 4 PRs' have been about their "deals with Essex" and now all of a sudden Dr Jones has decided to stop doing business with them altogether? It will be very interesting to see why he has made this choice.The fact is that something is going on that must not be very good.The stock has been very weak and is on the verge of disaster.I dont get how you can just ignore the facts.............
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posted
That post doesn't make it a fact. But there isn't much to this company yet wether that post is true or not. They talk about buying a couple of companies. Any idea how they would pay for that? Shares maybe? That seems to be the only revenue stream they have right now. Even if they close on the property they don't get any money until they sell it, and that could be months.
I have a fair amount of shares, but I am a sucker for dropping a couple hundred in a 0001 stock. But it will take something amazing to pull this one off the floor.
-------------------- I just want to make enough money to be eccentric.
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posted
I could create a user ID and post anything I wanted to also. It might be true, but don't believe anything good or bad just because it was posted on a bulletin board! LOL
I can state that I am a intensely handsome and svelt god with an entire harem of hot women trying to pull me away from the keyboard as I type, but I wouldn't bet on it being a fact
at least not this time!
-------------------- I just want to make enough money to be eccentric.
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posted
Looks true to me that Essex dropped out, but at this point I don't consider it a bad thing. For all we know maybe Dr Jones didn't like the cut Essex was going to get out of the deals, and left???? Could be that CWFG wasn't happy with Essex and gave them the boot??? We really don't know at this time.
But....the PR indicates CWFG is aquiring the undervalued businesses with the help of Essex. It sounds like Essex finds the company, and CWFG puts up the funding. If Essex has already found the businesses, and CWFG closes on them, then that's just more money for CWFG.
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posted
Dr. Jones ran for his life just like everyone of us should do... he's probably a good, upstanding guy and finally realized there really is now CWFG.
I finally realize that too, that's why I'm bailing out now, but I don't expect to be able to even sell my shares at .0001. I'll never get my sell filled... and if I do, I'll let you know.
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posted
Well, I'm staying in. These guys might suck. And it might be a shady little shop......but what micro penny stock isn't.
And, let's face it, we all play these stocks because we love to watch something (that is really nothing), inexplicably move from .0001 to .0005 without any rhime or reason.
So, while it may be like every other penny stock I own, I'm holding until .0004-.0005.
That's my position on this bee-otch.
-------------------- You can't afford to risk, what you can't afford to loose.
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My curiousity got the better of me and I sent Mr. Allen Jones an email requesting clarification of the above PR and Mr Jones replied with:
============== Mr. Stowe,
1. Please be advised that the statement is valid and was authorized by the board of Directors for Essex Capital Partners, LLC. 2. Essex is not able to continue working with CWFG, due to a difference in investment and management philosophies. 3. While this decision was unilateral, Essex does not presume to know of any affects that this decision will have regarding CWFG’s future plans and decisions. Essex has no members sitting on the CWFG board… nor does any of its directors have financial interest in CWFG.
It is assumed they will need to find another firm capable of assisting them if they want to purchase manufacturing companies.
Finally, please look for another press release and/or posting
Allen Dr. Allen C. Jones, CEO Essex Capital Partners, LLC Member: Turnaround Management Assoc. P.O. Box 2844 Ocala, FL 34478-2844 C: 352-817-0224 F: 352-401-3513 E: DrJones*EssexCP.com www.EssexCP.com ==========================
posted
CWFG is the GREAT SATAN of the pinks... there is no company. They are a shell, a stock mill... this is a farce!
Damien Guthrie and Mark Astrom are still pulling the strings on this scam of a stock. On 11/11/05 Ryals released a press release claiming Guthrie was out of the picture. Don't remember that PR? Here's an excerpt from it:
MIAMI -- 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.
Three weeks ago, the honest Dr. Jones accurately reported having a business lunch with both Ryals and Guthrie. And the word is that Ryals and Astrom are in a relationship.
If you're in CWFG, get out! If you're considering getting in, stay away! This is the Great Satan of stocks!
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posted
It is just a matter of time before the SEC investigates them. They have never actually landed a real deal. False promises and with Dr. Jones not liking what he was seeing is a sure sign that CWFG is not on the up and up. Now people cannot even get out at .0001 which should tell you something!
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posted
This is the only stock this past year that I lost my rear on. I kept holding and holding thinking things would turnaround. I held out hope even though the signs were pointing that something was not right. Still, thinking I had nothing to lose, I kept the faith. Then after reading the good message from Dr. Jones stating Guthrie was pulling the strings, it become obvious that we were scammed. Look at all the shell stocks that Guthrie created and take a good look at where they are today. All are at the bottom with no trading volume or they no longer exist. I just hate being suckered!!!!!!!!!!!! If you want a CEO with a solid performance then you should seriously consider adding HMSC to your portfolio as a long term hold. I'm liking HISC right now but I don't know what the future holds as the merger has yet to be announced. GLTA
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I don't know what to say. The only positive I have is that, maybe they realized that buying manufacturing companies was too different from their core (real estate) business.
I mean, these guys are in business to invest in real estate and to provide financing.
I've always said that they are getting way outside their comfort zone if they try to get into other businesses (like owning and operating a manufacturing company).
-------------------- You can't afford to risk, what you can't afford to loose.
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posted
I am not too upset, as my average is almost 0001. I can't help but throw a little at the bottom feeders when they still have some volume. But now the volume seems to be drying up too. News might perk it up a little bit, but it will take a miracle to move off of where it is now.
-------------------- I just want to make enough money to be eccentric.
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posted
Even when this satanic stock moves to .0002 you still can't get your sell order filled at .0001. It's going to have to move to at least .0003 or .0004 to get our sells at .0001 filled.
This is like being trapped in a cage in Merv Griffin's basement - twisted, very scary, and completely unpredictible.
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posted
What kills me is that when I look at what my business could do investing in real estate with the kind of capital that they have raised from selling shares.... It would be so easy to make real revenues. I need to go public.
And about the Merv Griffin's basement. I am not sure I would share that little nightmare with others! LOL
-------------------- I just want to make enough money to be eccentric.
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posted
I just put an SOS call into Kristin Ryals...she wasn't there of course...left a message with her secretary....we'll see if she calls back
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quote:Originally posted by ohio_trader: I just put an SOS call into Kristin Ryals...she wasn't there of course...left a message with her secretary....we'll see if she calls back
posted
(BSNS WIRE) Commonwealth American Financial Group, Inc. Updates Current Ventu es Commonwealth American Financial Group, Inc. Updates Current Ventures
Business Editors
MIAMI--(BUSINESS WIRE)--April 11, 2006-- Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) announces that a decision has been made by the board of directors of Commonwealth American Financial Group, Inc. and Essex Capital Partners, LLC to terminate their Joint Venture Agreement. The company further announces that Hawkesbury River Funding of Texas, a subsidiary has ceased to tender offers for hurricane related construction projects as they were unsuccessful in bidding on reconstruction contracts in New Orleans and surrounding areas. The company further announces that the Joint Venture with NW Partners, LLC has been cancelled by Commonwealth as the purchase and sales contract deadlines were not met. CWFG website is http://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.
KEYWORD: NORTH AMERICA FLORIDA UNITED STATES INDUSTRY KEYWORD: MANUFACTURING PROFESSIONAL SERVICES FINANCE CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL E TATE CONTRACT/AGREEMENT SOURCE: Commonwealth American Financial Group
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posted
Commonwealth American Financial Group, Inc. Updates Current Ventures Apr 11, 2006 3:54:00 PM Copyright Business Wire 2006 MIAMI--(BUSINESS WIRE)--April 11, 2006--
Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) announces that a decision has been made by the board of directors of Commonwealth American Financial Group, Inc. and Essex Capital Partners, LLC to terminate their Joint Venture Agreement.
The company further announces that Hawkesbury River Funding of Texas, a subsidiary has ceased to tender offers for hurricane related construction projects as they were unsuccessful in bidding on reconstruction contracts in New Orleans and surrounding areas.
The company further announces that the Joint Venture with NW Partners, LLC has been cancelled by Commonwealth as the purchase and sales contract deadlines were not met.
CWFG website is http://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
---------------------------------------------- Commonwealth American Financial Group Miami Kristin Mary Ryals 305-913-7112 Fax: 305-913-4101
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posted
is this the 56 acre deal? The company further announces that the Joint Venture with NW Partners, LLC has been cancelled by Commonwealth as the purchase and sales contract deadlines were not met.
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quote:Originally posted by HossTrader: What kills me is that when I look at what my business could do investing in real estate with the kind of capital that they have raised from selling shares.... It would be so easy to make real revenues. I need to go public.
And about the Merv Griffin's basement. I am not sure I would share that little nightmare with others! LOL
Well, take your company to the pinks. What's it take to get listed? It can't be that difficult. There is so much money to be made in real estate, it's hard to imagine a LEGITIMATE real estate company not being able to have a good PPS.
And when Merv Griffin really wants to torture you, he ties you to a toilet and makes you watch a continuous stream of CWFG's historical T/S...
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