posted
when the PPS gets to .0003 you will be able to sell at .0002-it is as simple as that-nothing in between!
Posts: 295 | Registered: Feb 2006
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posted
it can't be dilution, because they're restricted, it's over 1 billion so far on volume, i think we're moving toward .0002 on bid soon
-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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posted
It looks as they some shares are beginning to sell at .0002?If this happens we will not see 2 billion shares traded but it will be much better for us.I would rather have 1 billion traded at .0002 than 2 billion at .0001!
Posts: 295 | Registered: Feb 2006
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38,307,012,880 Total Outstanding 50,000,000,000 Authorized 18,267,260,340 Free Trade 20,039,752,540 Restricted
So there's still room for almost 12 bil new shares.
And they already diluted heavily between the switch from CWFG to JMCP and June 19th.
So it wouln't surprise me if they would extend their OS to the limit.
Indeed, I hope they don't, I'm in this since nine months or so, and I think it's time we finally begin seeing some rewards. Posts: 399 | From: Dubai | UAE | Registered: Sep 2005
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posted
black, thanks for your info, i hope not too, this should be the time for us to see some good uptick....
-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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posted
Hmpf, back to .0001, but 500 mio went through in no time, and still counting...
Posts: 399 | From: Dubai | UAE | Registered: Sep 2005
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posted
ALMOST 2 BILLION....0001 bid's going down!!
-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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posted
oh well, next few days is just going to be as interesting as what happened to any other stocks like paim, paiv, fhal, i think jmcp's day is very close, we're holding a bomb, that is going to explode any time soon!!!
-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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posted
Diversified Ethanol CEO Taylor Moffitt: ``Small Plants Will Fill a Big Need''
Jul 27, 2006 08:30:58 (ET)
CHICAGO, Jul 27, 2006 (BUSINESS WIRE) -- Diversified Ethanol, a division of James Monroe Capital Corporation (Pink Sheets:JMCP) has announced that it is going to use its first ethanol plant as a demo model with the intent to manufacture small, upgradeable ethanol plants for middle America.
With all of the interest the company generated with its unusual scaled-down approach at getting into the ethanol industry, a group of investors have asked that the company manufacture these plants for the national market, starting with them of course. Now company will be starting a waiting list for its low-cost ethanol plants, and expects to be able to construct them rapidly after the first plant is under way. The plants will be very adaptable, and share a common floor plan and parts for low-cost future maintenance. Target markets to purchase the small ethanol plants include large-scale farming operations, convenience store chains, and the investors wishing to own their own 24 hour ethanol plants who are unable to come up with the hefty down payment required to build a 50 to 100 million gallon per year plant.
The company is now lining up vendors, buying tanks, and is in talks with a handful of experienced subcontractors and engineers who have their own designs, and new twists on proven designs. Moffitt said, "Diversified has not yet decided which ethanol engineering team will get to participate, but whichever team we decide to work with, they will be very busy will be providing an expandable, entry-level product that can grow with the customer and is very cost-effective. People have been asking when we will be producing ethanol, we've already done that in tests, but our best estimate is that we would like to begin test runs in the plant by the end of August, and begin 24-hour production by the end of September. After everything has been optimized, we will at that time begin the next plant expansions to double capacity. With a good workflow, it will be almost as easy to build ten stripping/reflux columns as it is to custom build one. With the price quotes we received from some of the over-worked existing contractors out there, we realized that this market is booming and we couldn't find anyone else ready to fill the need for small turn-key plants."
For now, potential customers wishing to purchase an ethanol plant should email info*jamesmonroecapital.com with the subject titled "Ethanol Plants." Qualified customers will receive a guaranteed plant, and should be prepared to pay a non-refundable $10,000 reservation fee. The entry-level plant, with no frills, is roughly estimated to cost $400,000 and will produce 100,000 gallons per year. The larger the plant, the more cost effective it will be.
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: James Monroe Capital Corporation
James Monroe Capital Corporation, Northbrook Chris McGovern, 847-418-3848
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