posted
bellwetherreport.com: The Bellwether Report continues to track the recent developments surrounding Commonwealth American Financial Group, Inc./James Monroe Capital
May 24, 2006 (M2 PRESSWIRE via COMTEX) -- Commonwealth American Financial Group, Inc./James Monroe Capital (OTCPK:CWFG), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service.
Commonwealth American Financial Group, Inc./James Monroe Capital Commonwealth has initiated a name change to James Monroe Capital Corporation anticipated change should take place within the next couple of weeks, The new company and its officers have chosen a business model of investing in undervalued real estate and businesses that can be acquired at deep discounts and rehabbed for a significant profit or kept in the company's portfolio generating cash flow and profits for the company and its shareholders.
Dr. Julio Jane, partner/developer, inspected the property, negotiated with the seller, and signed a letter of intent on a deal that will buy a $5.5mm (appraised) 31 acre beachfront property in Punta Uva, Costa Rica, for $1.5 mm. Bradford Funding will finance 98% of the initial loan disbursement of $3mm needed to close and begin construction.
James Monroe Capital will own approximately 43% of the corporation which already owns the land. The entire project is estimated to be valued at $20mm when completed 2 years from now. The closing is scheduled to happen in 90 days to allow time for due diligence.
Dr. Jane, who also has an MBA, will be overseeing the $10mm development project, along with Carr Pechtel, Sr., a Costa Rican land baron with an MBA from Harvard.
Yesterday, the company announced that that it intends to complete the acquisition of Taylor Moffitt, LLC, a real estate investment company. Because of price and ownership, the deal resembles what amounts to a reverse merger.
Taylor Moffitt, LLC, an Iowa company, presently holds title to 10 properties: six 2-bedroom and three 3-bedroom rentals, and joint ownership of a warehouse building. McGovern and Taylor Forrester Moffitt have yet to decide what will be done with the three vacant properties, and the warehouse. Most likely the warehouse will go to Moffitt, since he stores his personal property there. Incidentally, that personal property includes a Rolls-Royce and convertible Hummers which Moffitt and has used as collateral to borrow money on a 1 year balloon loan at 100% interest from a private party, to invest in James Monroe Capital. Vacant houses will not be rented, but will be liquidated for capital that James Monroe Capital will leverage on a pending deal.
Moffitt commented, "We're planning something big that we have yet to unveil. The equity in Taylor Moffitt, LLC will be leveraged as seed money on a large arbitrage deal with 100% financing. I am really committed now. If James Monroe Capital doesn't succeed, I'm going down with it." The acquisition terms of Taylor Moffitt, LLC should be finalized within one week.
Following this announcement, Commonwealth American Financial Group, Inc./James Monroe Capital has traded down 50.00% as this company consistently trades back and forth between $0.0001 and $0.0002, on unbelievable volume of over 510 million shares. The BWR Research Team will continue to track the developments surrounding Commonwealth American Financial Group, Inc./James Monroe Capital and many other exciting companies.
To review research on small cap companies Commonwealth American Financial Group, Inc./James Monroe Capital, as well as many more exciting articles we encourage you to visit www.bellwetherreport.com. You can find these reports under the "Today's Articles" section. No credit Card Needed!!
The Bellwether Report will continue to research all of the markets to bring you exciting opportunities!! If you are interested in receiving more information on these small or large cap opportunities as well as other features of our site, feel free to sign up for a complimentary subscription to the #1 online investment tool www.bellwetherreport.com.
Companies looking to advertise with Bellwether Report should email jlee*bellwetherreport.com with the subject line (Advertising).
All material herein was prepared by the Bellwetherreport.com, (Bellwether) based upon information believed to be reliable. The information contained herein is not guaranteed by Bellwether to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Bellwether is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter.
Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. Bellwether may receive compensation in cash or shares from independent third parties or from the companies mentioned.
Bellwether's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value.
Bellwether will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Bellwether undertakes no obligation to update such statements.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
Posts: 173 | From: Chicago, IL | Registered: Nov 2005
| IP: Logged |
posted
Anyone know what the volume is up to? I dont have anything thats displaying correctly.
Posts: 24 | From: Chicago IL | Registered: Dec 2005
| IP: Logged |
posted
I think when someone posted that they are company shares is probably right (hopefully to be liquidated). Who would be in a rush to sell? The price is .0001. If theres a downside here tell me now. I can probably sit at a board meeting as it stands.
Posts: 90 | From: NJ | Registered: May 2006
| IP: Logged |
posted
I think people are just getting out because the stock market overall has had a horrible 10 days. So, people may be shifting money around to take advantage of undervalued stocks on the bigger exchanges.
-------------------- You can't afford to risk, what you can't afford to loose. Posts: 2422 | From: dc | Registered: Jun 2005
| IP: Logged |
posted
I hope that people are starting to take notice of the NEW CWFG and doing just like we are.....buying in and hoping for the best. I just pray that we dont have a R/S.
Posts: 1178 | From: Mobile, AL | Registered: Aug 2005
| IP: Logged |
posted
McGovern and his officers have quite a following (3.1 billion volume today). If things were going to get better this is how it would start.
Posts: 90 | From: NJ | Registered: May 2006
| IP: Logged |
posted
ther is no way they can cover this kind of volume, if this thing was ever to hit .0003 and take sells this company would crash for sure........ no way no how, unless a r/s is in the works. i just dont see it.........
-------------------- GOD BLESS AMERICA, THE UNION, AND ALL OF OUR VETERANS!!!!!!! Posts: 464 | From: ILLINOIS | Registered: Feb 2006
| IP: Logged |
posted
Can anybody offer an accurate, reliable, final close for today (5/24/06)?
I doubt a buyback. McGovern would have released a press release detailing a buyback.
Some folks who have held long are dumping this biznatch. I'm not. I'm holding on to my last 5 million of this sh*t. I WILL make money on this biznatch.
-------------------- The more weedsmoke I puff the more dangerous... Posts: 122 | From: West of Nashville | Registered: Apr 2006
| IP: Logged |
Commonwealth American Financial Group, Inc./James Monroe Capital has traded very flat today however with no recent corporate developments continues to trade at a high level, keeping investors interested. Currently trading at $0.0001, on volume of already 1.3 billion, this company is flat compared to yesterdays close, but with the right news we could see this company surge to new levels. This company obviously has many eyes waiting for their next move and with the recent change in some business plans, this company is primed for success. The BWR Research Team will continue to track the developments surrounding Commonwealth American Financial Group, Inc./James Monroe Capital and many other exciting companies.
Posts: 1343 | Registered: Nov 2005
| IP: Logged |
posted
Commonwealth American Financial Group/James Monroe Capital Closes Acquisition of Taylor Moffitt, LLC Friday May 26, 8:30 am ET
CHICAGO--(BUSINESS WIRE)--May 26, 2006--Commonwealth American Financial Group, Inc.(Pink Sheets:CWFG - News) has successfully closed a deal to acquire Taylor Moffitt, LLC, a real estate investment company.
Taylor Moffitt, LLC, an Iowa company now owned by James Monroe Capital, holds title to 9 properties: six 2-bedroom and three 3-bedroom rentals. A 10th property, a warehouse, was not included in the deal. It was decided that the 3 vacant houses will not be rented, but 2 will be liquidated for capital that James Monroe Capital will leverage on a pending deal. One other vacant property, which is in poor condition, was, according to Moffitt, "unfairly" tax-assessed at nearly 14 times what the company paid for it. "Because we could never sell it for anywhere near that much, it is slated to be donated to a charity for an advantageous tax deduction." The properties are presently generating monthly income, but any properties that go vacant will be liquidated.
McGovern commented, "We have no intent of keeping these long-term. For now, the income is strong and they help the bottom line on our balance sheet, but they will be used as a stepping stone to greater things."
James Monroe Capital CEO, Chris McGovern and independent deal-maker Taylor Moffitt will both be interviewed by WallSt.net 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.
Contact:
Commonwealth American Financial Group, Northbrook Chris McGovern, 847-418-3848
Source: Commonwealth American Financial Group
Posts: 15 | From: PA | Registered: Mar 2006
| IP: Logged |
quote:Originally posted by New_Ventures: James Monroe Capital CEO, Chris McGovern and independent deal-maker Taylor Moffitt will both be interviewed by WallSt.net next week.
This should get a little attention
That would be ideal. I still have faith in this stock.
Posts: 711 | Registered: Feb 2006
| IP: Logged |
OTCBB Daily List Other-OTC / Portal / PPS Daily List
SECURITY ADDITIONS Updated Symbol Company Name Effective Date/Comments 13:39 GKIN General Kinetics Incorporated Common Stock 05/30/2006 From BB (GKINE) ** SECURITY DELETIONS Updated Symbol Company Name Effective Date/Comments 13:39 ASMXF Asiamatrix Ltd (Sing) Ordinary Shares 05/30/2006 Security No Longer Exists 13:39 DBCKF Daibeck Advanced Materials Co Ltd Ordinary Shares 05/30/2006 Security No Longer Exists ** 13:39 QTXB QuantRx Biomedical Corporation Common Stock 05/30/2006 Added to OTCBB (QTXB) ** SYMBOL CHANGES Updated Date Old Symbol New Symbol Name Comment 13:39 05/30/2006 ASAB AABB Asia Broadband Inc Common Stock ** 13:39 05/30/2006 HMINF HNLMF Hinterland Metals Inc. Ordinary Shares (Canada) ** NAME/SYMBOL CHANGES Updated Date Old Symbol Old Name New Symbol New Name Comment 13:39 05/30/2006 ADVV Advantage Technologies, Inc. Common Stock EXPH Expo Holding, Inc. Common Stock 1-250 R/S ** 13:39 05/30/2006 BHWJ Beverly Hills Weight Loss and Wellness, Inc. New Common Stock CVSS Cardiovascular Sciences, Inc. Common Stock 1-5 R/S ** 13:39 05/30/2006 CWFG Commonwealth American Financial Group, Inc. New Common Stock JMCP James Monroe Capital Corporation Common Stock ** 13:39 05/30/2006 ICRT ICR Systems, Inc. New Common Stock RDXH Redux Holdings, Inc. Common Stock ** 13:39 05/30/2006 PVLVF Pacific Stratus Energy Ltd Ordinary Shares (Canada) PSELF Pacific Stratus Energy Ltd. New Ordinary Shares (Canada) 1-10 R/S ** 13:39 05/30/2006 SRGX Strategy X, Inc. Common Stock SGXI Strategy X, Inc. New Common Stock 1-125 R/S **
And I'm thrilled what these teamed-up "gangsters" will give us in the near future.
Oh, I'm already so long into this, not much left and I will celebrate my first year with CWFG/JMCP. lol
Posts: 399 | From: Dubai | UAE | Registered: Sep 2005
| IP: Logged |
posted
CWFG's website is http://cwfgroup.net and trades under the symbol (pink sheets:CWFG).
Maybe this was posted already but look at the blue shaded area. Are these companies part of cwfg?
Posts: 90 | From: NJ | Registered: May 2006
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Wink]](wink.gif)
