posted
is it possible we see a reverse merger after the dilution is done?
the market cap on this company should go to $5million , right?
i have held a few million in my novelty portfolio since february at .0001, and just trying to get a feel if i should continue to hold or bail before u can't sell if no significant news comes after this volume increase we've had....
posted
Ohio...You have been holding since feb 06 when Ryals was incharge and dragging the stock down when the stock went to .00 and now we have someone that at the very least has some good ideas about the company and you want to know if you should BAIL OUT...You know what, maybe you should and take Portman with you...
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quote:Originally posted by Opforce3000: Ohio...You have been holding since feb 06 when Ryals was incharge and dragging the stock down when the stock went to .00 and now we have someone that at the very least has some good ideas about the company and you want to know if you should BAIL OUT...You know what, maybe you should and take Portman with you...
quote:Originally posted by Opforce3000: Ohio...You have been holding since feb 06 when Ryals was incharge and dragging the stock down when the stock went to .00 and now we have someone that at the very least has some good ideas about the company and you want to know if you should BAIL OUT...You know what, maybe you should and take Portman with you...
Hey now...I like this company!
-------------------- - "Pay it Forward"
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posted
James Monroe Capital General Progress Report
Business Wire - August 02, 2006 08:30
CHICAGO, Aug 02, 2006 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) reports on the headway being made on various projects.
Dr. Julio Jane will soon be traveling to Costa Rica to inspect an additional property, and to have agreements translated into Spanish for legal recording. Dr. Jane commented, "Everything in Costa Rica is slow compared to here in the US. I hope to nail these down within a few days. We've been in talks with several new property owners wishing to have someone develop their land, some of which may be worth considering. We're at a point now where we can be very selective. This gives us a clear advantage. I'm ready to move down there to supervise our projects and begin breaking ground ASAP."
Bradford Funding has been in preliminary talks with a party wishing to place $100 million through its Central American lending platform during the first year, with projected increases. James Monroe Capital's contract with Bradford provides the company with a portion of all monies earned, which is 70% of the gross fees payable to Bradford from outside business. Central American loans to American citizens yield much more spread than normal A paper loans, so with a one point spread, JMCP could stand to take $700,000 for the first year, but could get zero out of the deal if it doesn't materialize.
Northland Home Solutions is nearing the renovation of a 4 bedroom, 3 bath house that has a 3 stall garage, with tile and solid mahogany walls in the foyer. The company intends to liquidate all inventory and reinvest assets elsewhere.
CEO Chris McGovern commented, "I wish to re-affirm my commitment not to do a reverse stock split. 99% of the reverse stock splits I've seen have been bad for micro-cap pink sheet companies. The majority of my own net worth is in this company, and 'I eat my own cooking.' Someday, when we are no longer a micro-cap company, we may choose to revisit my policy. When that day comes, we'll all be celebrating. Until that happens, no reverse splits will even be considered."
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
posted
Seems like they have several potential good things in the works. I was happy to read about the reverse split not happening any time soon.
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