posted
does anyone know the O/S shares on this, pink sheets says NA , just wondered, i know they had a forward split awhile back 1 for 2, and now has a new CEO , the last one worked wonders and sh*t blunders like the one before her. looking for a hotdog stand lol thats a good one.
Posts: 535 | From: muskegon, michigan | Registered: Jul 2005
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posted
I think if we see more buys in bulk like that, then someone knows something and news could come -- once that happens then the regular buyers come in & off to the races.....
posted
This company changes Presidents like most people change socks. And who was Chris "appointed" by anyway, there's no one else in the company to do the appointing. I guess you get to appoint yourself president and take over the company office (i.e., the corner phone booth), control the corporate finances (a roll of quarters for the phone), and use all the company assets (the leased Ford Escort). What ever happened to all the land and development deals going on with this company? I think this company has been a scam from the start, and we've all been had. Can't wait until I can sell my shares and get the hell away from this one.
Posts: 170 | Registered: Jul 2005
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posted
just got off today. adding more to BKMP GLTY
-------------------- Remeber! 99% of penney stocks are scams, but with only that 1% you can be rich Posts: 436 | From: University of Sounthern California | Registered: May 2005
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posted
well Damn OTTO plenty of buys today ---- go ahead and sell on market --- good ridence
Oh and by the way The shares were sold so Mcgovern could be the owner now and not just a CEO which means he "appointed himself"
Posts: 1343 | Registered: Nov 2005
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Commonwealth American Financial Group Announces Name Change 5/2/2006 10:23:01 AM
CHICAGO, May 02, 2006 (BUSINESS WIRE) -- Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) will be changing its name to James Monroe Capital Corporation. The company CEO, Chris McGovern, commented that there will be no reverse stock splits, and that as soon as the corporate attorney has finished the paperwork for the name change, more good changes will follow. The company website, www.jamesmonroecapital.com is scheduled to be finished soon.
his press release contains certain forward-looking statements (Statements) within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These Statements involve factors that may cause actual results to differ, including, without limits, the company's limited operating history and history of losses, the inability to obtain further funding, the inability to raise acceptable capital, the inability to compete well in the marketplace, the inability to complete the proposed acquisition and other risks that could cause actual results to differ materially from those contained in the company's projections or Statements. All Statements in this press release are based on information available to the company as of the above date, and the company undertakes no obligation to update Statements to reflect events or circumstances occurring after the above date. This press release is not an offer of any securities for sale.
SOURCE: Commonwealth American Financial Group, Inc. Commonwealth American Financial Group, Inc. Chris McGovern, 847-418-3848
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Commonwealth American Financial Group, Inc. (symbol CWFG) has undergone a friendly takeover. CWFG president Kristen Riles has turned over the helm to Chris McGovern, who was appointed by the new shareholder majority. McGovern came to the Midwest from Boeing, where it was his job to save the company money by restructuring processes and cutting costs. McGovern has also been the Sr. Vice President of an insurance company, an entrepreneur, and a loan officer. His diverse experience has given him insight into what makes a business thrive or dive. CWFG could not afford to pay him what he was asking, and he negotiated a straight-commission pay schedule, with an un-disclosed amount of company stock. McGovern commented “You can’t get rich on a salary. The only way to make real money is if you participate in the risk/reward equation. I’ll make a lot more money this way, because I’m paid what I’m truly worth, and I now have a “dream team” of experienced professionals on my team. I’ll be able to see my net worth go up with my performance. If I don’t make the company money, I starve. And believe you me, I am not planning on going hungry.” McGovern is holding his stock. The name isn’t all that’s new, the entire direction and philosophy of the company is new. Watch the press releases for more news. “You’re going to like it.” Says McGovern.
Annual Shareholder Meeting Pending but not yet finalized. This year’s meeting will either be within driving distance (Chicagoland) or somewhere warm and fun, such as near a company-owned timeshare resort development that has yet to be realized. The meeting will take place in the 4th quarter and all shareholders are invited.
Posts: 1343 | Registered: Nov 2005
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Welcome aboard. You are now a part of James Monroe Capital Corporation. Hang on for the ride. For one reason or another, God has brought us together, and I believe that everything happens for a reason. As the servant of the company, it is my duty to benefit you to the utmost of my abilities. It is my duty to protect your investment as the steward of your money. I am not going to do a reverse stock split, and I will do everything in my power to help our company grow in every way. Watch our news updates closely. You are going to participate in buyouts, bargains, leveraged deals, new contracts, and profits not intended for the faint-of-heart.
Our team of deal-makers is experienced, aggressive, and shrewd. Our specialized team members have the strength of youth, the daring of the brave, and the wisdom of nearly 200 combined years leading in corporate America. Like a greyhound was meant to run, each of us were meant to do our part on earth. My part is to make your company grow. I disapprove of pump-and-dump schemes. If you want one of these—look elsewhere. This company is on fire. We are experiencing massive, steady, predictable growth that is real. Our deal-makers have grown their companies by at least twofold every year,… why would they stop now? My faith is in God and my faith is well founded. You will get a square deal if you stick with us.
Proudly, Chris McGovern President and CEO
Posts: 1343 | Registered: Nov 2005
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posted
James Monroe Capital Corporation 707 Skokie Boulevard, Suite 600 Northbrook, IL 60062
847-418-3848 info*jamesmonroecapital.com
Thank you for your interest in James Monroe Capital Corporation. We appreciate your eagerness to learn more about our company. Due to competitors and others seeking inside information, we maintain our communication with the public through official communications such as press releases and through our website. Like other successful holding companies, if questioned about any matter, the reply is “no comment.” We hope this is not an inconvenience to you, but our first priority is protecting the security and interests of the shareholders. Please visit our site often for new information!
If you have a tip on a hot deal that you think we may be interested in pursuing, please email it to: info*jamesmonroecapital.com
Posts: 1343 | Registered: Nov 2005
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1. Shareholders are partners. We view the company as a means to an end, allowing individual shareholders to own assets which are rare and unusual investments that are not generally available to the public.
2. We are in this together. All controlling managers own and keep James Monroe Capital stock. “We sleep in the bed we make.”
3. Our businesses must generate exceptional profits. We weed out “opportunistic” situations, distressed deals, and unusual bargains. To do this, we end up making a lot of offers to companies and individuals which are rejected… but due to the law of large numbers, “even a blind squirrel finds a nut once in a while.” If we make a hundred acquisition offers, and we only get two deals, but they are violently profitable, then we are very, very happy. We are here to “strike oil,” reinvest, and do it again.
4. Our businesses must have a future. A buggy-whip company might have been a good thing 100 years ago, but we want to make sure it will be making money tomorrow.
5. Our businesses must be safe. A former Indy 500 winner once said, “In order to finish first, one must first finish.”
6. Long term, we want to see our average rate of gain, in intrinsic company value, from a per-share perspective.
7. Accounting consequences do not influence our operating and capital-allocating decisions. A $10 earning that is non-reportable is better than a $5 reportable earning.
8. We expose our equity to very minimal debt, and only take on debt when it comes to highly leveraging new acquisitions where there is very little risk on our part—and that debt is one of two types: short term debt which is paid off very quickly (such as arbitrage financing), or long term fixed rate debt which provides cash flow from an investment which grows in value much faster than the interest rate being paid.
9. Despite the fact that we insist on buying everything at the “opportunistic” bargain price, we will not diversify by acquiring businesses at regular prices that ignore the long-term financial consequences to our shareholders. We are here to “strike oil”, not to earn 15%. We believe that over-diversification waters-down profits.
10. We don’t sell our companies. We buy into excellent companies at bargain prices, and keep them for long-term profits.
11. We will only issue stock when we receive MORE in business value than what we give. This applies to everything, including mergers, public stock offerings, stock-for-debt swaps, stock options,… everything. Any stock issuance is going to result in a gain for all shareholders by way of a bigger, better James Monroe Capital.
12. We will be open in our reporting to you, explaining the good, the bad, and the ugly when it comes to evaluating acquisition value. If we were you, that is what we would want. We owe it to you to be transparent about what we are doing.
13. Despite the fact that we are open, we only communicate through our website and through press releases. Competitors and others who seek inside information have shaped our “no comment” policy. Competitors and others who seek inside information will be politely referred to our website, especially since we like to see our managers working, not stopping to chat.
14. To the extent possible, we would like each James Monroe Capital shareholder to record a gain or loss in market value during a period of ownership that is proportional to the gain or loss in per-share intrinsic value recorded by the company during that holding period. For this to occur, intrinsic value and the market price of a James Monroe Capital share would need to remain constant, and by our preferences at 1-to-1. So we would like to see James Monroe Capital’s stock price at a FAIR level, not a HIGH or LOW level. Obviously, we can’t control James Monroe Capital’s price. But by our policies and communications, we can encourage informed, rational behavior by owners that, in turn, will tend to produce a stock price that is also rational. Whether the price is fair, high, or low, we believe that our business ethics will help James Monroe Capital enjoy the best prospect of attracting long-term investors who seek to profit from the progress of the company rather than from the investment mistakes of their partners.
Posts: 1343 | Registered: Nov 2005
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posted
I really hope it's a real company now and not a Ryals lookalike...
Posts: 1364 | From: Somebody from Europe | Registered: Sep 2005
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posted
More Fluff, Fluff, Fluff and then some BS on top. I like the part about the deal makers growing their companies by at leat two-fold every year. All they need now is $4 in revenues to reach that goal. And don't give me any BS about getting out if you don't like it. I'm not budging until I at least get my initial investment back, and as a shareholder I have every right to express my opinions as we all do. At least we're getting some news, and I guess with this company fluff news is better than no news. Hopefully they can back up what they're saying with results. We'll see. At this point McGovern just sounds like the other thousands of Trump want-a-bes that run these small companies. I'll hold on for a little while longer to see where this goes as it can't go much lower. Hopefully this will turn around someday for those of us who go busted after the FS.
Posts: 170 | Registered: Jul 2005
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posted
McGovern can't be any worse than the last one, iam going to give him a chance to move this up.
Posts: 535 | From: muskegon, michigan | Registered: Jul 2005
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