posted
James Monroe Capital Resort Inspection: 'Go' Wednesday June 28, 8:30 am ET
CHICAGO--(BUSINESS WIRE)--June 28, 2006--James Monroe Capital Corporation (Pink Sheets:JMCP - News) has completed due diligence on a property in Guanacosta, Costa Rica, for a timeshare resort. ADVERTISEMENT
The effort in Guanacosta was subject to a property inspection, and after having inspected the property, JMCP execs say the project is a go. The company reports that some other oceanfront timeshare resorts in Guanacosta were sold out. One exec said, "We couldn't get a tour while we were there. This is good news for a company considering building a timeshare resort in the area. We also found that the frenzy of development on the West coast of Costa Rica is largely American, and the new international airport (LIR) already has more and more flights per day coming in to the growing area." The property is in an undisclosed location on the Pacific coastline.
JMCP also brought in independent timeshare experts from the Cayman Islands for an opinion. They said, "It is secluded and breathtaking, with hills, trees, sand, and big ocean views everywhere. This is the type of development that ought to have a helicopter to go with its elegant front gates and its high-end clientele. The fact that other timeshare resorts were sold out really impressed us."
Total costs for the project have not been finalized, but the attorney for the project commented that total costs to build may be in the neighborhood of $40,000,000, plus land. JMCP is presently slated to own 9% of the project, which it has conservatively projected to net the company $5,000,000 over a two year period. Low cost local labor help keep the costs down, and the deal is to be aggressively leveraged. According to collected data about comparable sales of condos in the area, the entire completed development would be worth around $90,000,000 if sold as condos--however, timeshare is preferred, which is more profitable and provides residual income from maintenance fees.
Negotiations have stepped up to the next level, and a final word on the project is expected within the next 30 days
Posts: 1364 | From: Somebody from Europe | Registered: Sep 2005
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posted
Wow, that's good news. I was waiting to hear about the inspection. I'm glad it's over.
Now we can look forward to the following:
Final word on the project Building plan and contractor finalization ground breaking ribbon cutting first condo sales ongoing revenues and quarterly reports
-------------------- You can't afford to risk, what you can't afford to loose. Posts: 2422 | From: dc | Registered: Jun 2005
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posted
This one is dead in the water for months and ain't goin' nowhere. Dump it Mr. MM/
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
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I dunno if I would go as far as to say that is is dead for a few months-these things can just pop out of the blue one day and surprise everyone-all it takes is a good PR and sometimes not even that much-if you don't like it,take a hike!
Posts: 295 | Registered: Feb 2006
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yea I know right- it must be time by now!I have been waiting patiently with this stock for almost a year now and I would like to see some return on my investment.Our time must be getting near by now! Posts: 295 | Registered: Feb 2006
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I am not sure that this stock will ever move. It has changed hands three times in the past year and we have yet to see any movment from .0001. Maybe the occasional .0002 but only for a second or so. Now, I am not saying this stock is dead . . . not at all. I do think that we, the stockholders, really need to push for better PR's. It looks to me as if they are concerned with how much money they can get from us - - when it should be the other way around. I have emailed all three CEO's, Guthrie, Ryals, and Chris and I have never received a reply from any of them. How odd! I am still holding and praying that this will move enough that I can make a little green.
Posts: 166 | From: Phoenix, AZ | Registered: Jul 2005
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Just for kicks I picked up 1-mil. shares of this thing * .0001 a few weeks ago on all the PR. If it runs to a penny GREAT!!! If it falls off the cliff I'm out beer & gas money for the week. The MM's must have my IP number and they're only waiting for me to dump it before they run it up. That said, I'll hang on to it just for spite.
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
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posted
James Monroe Capital Corporation Establishes New Subsidiary Devoted Solely to the Ethanol Industry
Jul 6, 2006 08:30:38 (ET)
CHICAGO, Jul 06, 2006 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) today announced it has established a new subsidiary devoted solely to the ethanol industry.
The name of the subsidiary that has been established is Diversified Ethanol, the new subsidiary will act as a holding company investing or joint venturing in ethanol/bio fuels related products and services.
The newly formed subsidiary/company has plans to set up its headquarters in the ethanol heartland of Iowa, as management believes Iowa will afford extraordinary exposure and opportunities for Diversified Ethanol.
Taylor Moffitt will be the CEO of the new company and oversee the initial growth stages. Moffitt said, "As gasoline prices continue to remain high with no end in sight, this is a perfect time for us to enter the alternative fuel sector such as ethanol. The demand for ethanol is growing by leaps and bounds and we intent to participate in a big way with this exciting industry. Bio fuels are renewable, and burn clean, and the biggest appeal we see is solid earnings potential."
More information about the project will be available on the company's new web site, www.DiversifiedEthanol.com . The web site is under construction, and will be fully functional by the end of July.
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
James Monroe Capital Corporation, Northbrook Chris McGovern, 847-418-3848
Posts: 711 | Registered: Feb 2006
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when is this going to start moving? great PR after great PR...IMHO this will be very good shortly. how can it not be it is either a gold mine mid-to-long term or it is a complete scam I believe it is a gold mine
--------------------------------------------------------- James Monroe Capital Corporation Establishes New Subsidiary Devoted Solely to the Ethanol Industry Business Wire - July 06, 2006 08:30
CHICAGO, Jul 06, 2006 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) today announced it has established a new subsidiary devoted solely to the ethanol industry.
The name of the subsidiary that has been established is Diversified Ethanol, the new subsidiary will act as a holding company investing or joint venturing in ethanol/bio fuels related products and services.
The newly formed subsidiary/company has plans to set up its headquarters in the ethanol heartland of Iowa, as management believes Iowa will afford extraordinary exposure and opportunities for Diversified Ethanol.
Taylor Moffitt will be the CEO of the new company and oversee the initial growth stages. Moffitt said, "As gasoline prices continue to remain high with no end in sight, this is a perfect time for us to enter the alternative fuel sector such as ethanol. The demand for ethanol is growing by leaps and bounds and we intent to participate in a big way with this exciting industry. Bio fuels are renewable, and burn clean, and the biggest appeal we see is solid earnings potential."
More information about the project will be available on the company's new web site, www.DiversifiedEthanol.com. The web site is under construction, and will be fully functional by the end of July.
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
James Monroe Capital Corporation, Northbrook Chris McGovern, 847-418-3848
Copyright Business Wire 2006 ----------------------------------------------------------
Posts: 1307 | From: Pittsburgh, PA | Registered: Jun 2006
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I really like the design of Diversified Ethanol's website. Much more visually appealing than James Monroe's, IMO.
Posts: 14 | From: Metro DC, USA | Registered: May 2006
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posted
Everyone has to admit with as many hands in the cookie jar here that something is about to explode
We havnt even been at this for 3 months yet
07/06/06 Establishes New Subsidiary 06/28/06 James Monroe Capital Resort Inspection: 'Go' 06/16/06 Announces affiliate program 06/14/06 Interview with WallSt.net Available 06/13/06 Comments on the Frank Lloyd Wright Foundation 06/09/06 Doubles Resort Developments 06/07/06 Announces second resort 06/05/06 Announces New Talent 06/01/06 Resort Development Announcement 05/26/06 Successfully closed a deal to acquire Taylor Moffitt, LLC 05/24/06 Bellwether Report continues to track CWFG 05/23/06 OTCPicks.com: Pre-Market Stocks to Watch for Monday, May 23rd, PAIV, HYEG, PDSC, FCYI, CWFG, EQBM 05/22/06 Negotiating Acquisition of Taylor Moffitt, LLC 05/18/06 Bellwether Report Begins Due-Diligence 05/18/06 James Monroe Capital Resort Update 05/16/06 Announces resort intentions 05/11/06 Acquired Northland 05/10/06 Negotiations to Acquire Northland 05/09/06 Sold Real Estate 05/09/06 Acquired Real Estate 05/08/06 New Contract Announcement 05/04/06 New Contract Announcement 05/02/06 New Company Name 04/28/06 Takeover Announcement
Posts: 1343 | Registered: Nov 2005
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posted
ask at .0002, lets all get ready to double our value! (would be nice to get a whole lot more than that of course)
Posts: 132 | From: SC | Registered: Apr 2006
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Good excerpt from another board .............................
The Diversified Ethanol web site is under construction, and will be fully functional by the end of July.
Ethanol and Iowa: 1. In Iowa, Ethanol is produced from corn at 21 state-of-the-art facilities. 2. Nearly 425 million bushels of Iowa corn are processed annually into ethanol. When new plants come on line, purchases will rise another 361 million bushels annually. 3. More than 14,750 Iowa jobs are affected by ethanol, including 2,550 directly related to ethanol production. 4. The Iowa ethanol plants will created a total of 5,134 new jobs in the state's economy. 5. Ethanol demand boosts Iowa's state and local tax receipts by $16 million -- the biggest increase of the top 10 corn-growing states. 6. Iowa's 21 ethanol facilities have the capacity to produce 1.1 billion gallons of ethanol, which will use approximately 425 million bushels of corn annually. 7. Today, Iowa 's ethanol industry has the capacity to produce 1.1 billion gallons, annually. Four privately owned wet mills account for 445 million gallons of this capacity. Seventeen farmer-owned or cooperative dry mills, constructed since 1996, can provide over 700 million gallons each year. Also, more farmer-owned or cooperative dry mills are under construction and scheduled to begin operation during the next year. These 8 plants will be capable of producing 1.6 billion gallons of ethanol each year. 8. $156 million in additional farm income will be generated by Iowa's farmer-owned ethanol plants, providing a 7 cent per bushel increase in corn prices. 9. When all Iowa ethanol plants are considered, Iowa has the processing capacity to manufacture nearly 1.66 billion gallons of ethanol. In 2005, 1.211 billion gallons of ethanol-blended fuel were sold in Iowa, a 135 million-gallon increase over the previous year. 10. In 2005, 75% of all gasoline sold in Iowa was a 10% ethanol blend.
Ask is sitting at .0002, and will be printing today.
Slow and steady accumulation until I am sure all shares are soaked up.
Looking for another deal maker to become CEO of a planned mining subsidiary in August.
Posts: 1343 | Registered: Nov 2005
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posted
for a lark I bought another couple hundred K shares at ask, but it didn't show, just hand an easy 20 bucks to some MM probably.
Posts: 132 | From: SC | Registered: Apr 2006
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