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i would assume that people are looking at the company's past, and waiting. Sure it is nice to see something happening...but a 30,000 purchase isnt going to make a company with a lot of stock out there move just yet! BUT everything he has planned I think will. as the new CEO brings new stuff on board it will start to move...it has to!
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News for 'CWMF' - (Commonwealth American Financial Group Sold Real Estate Purchase Agreement)
CHICAGO, May 09, 2006 (BUSINESS WIRE) -- Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) announced that the purchase agreement recently signed is being sold for a profit of $24,000.
The bank building, originally purchased from an estate, will be sold to the current tenant. "A $24,000 profit isn't bad for an hour's worth of work," commented company president, Chris McGovern, "but that's just a small deal."
McGovern is presently negotiating a big deal, the acquisition of a company which specializes in this sort of business, and expects to know if a merger or other deal may happen by the end of next week.
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.
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If anyone is thinking of buying, now is the time ---- why do you think Mcgovern told us he could have a "BIG" deal finalized by the end of next week
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