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exactly xnycen. guys like midwest who dont even own this stock or care about it just come in her and try and scare people off. this isnt going any lower so unless the company goes bankrupt, everyone should get rewarded well in the future for their patience
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Looking at only the charts gives you half the picture in this case. With new management we will have our answer soon enough to how effective they are in changing this company's outlook. I personally like an agressive team they have already started to move with the next ethanol plant in mind. The new management is where my money is.
-------------------- "You will do foolish things, but do them with enthusiasm." Colette
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James Monroe Capital / Eagle Installation Nearing Merger Closing Business Editors / Energy Writers
CHICAGO--(BUSINESS WIRE)--Aug. 18, 2006-- James Monroe Capital Corporation (Pink Sheets:JMCP) is closing-in on the acquisition of a manufacturing company, Eagle Installation, Incorporated.
The target acquisition, Eagle Installation, had 65 employees in multiple states, and revenues approaching $2 million last year. The company owns piles of industrial tools and manufacturing equipment, which could be used by Diversified Ethanol for manufacturing plants. Eagle Installation's owner, John Newby, has been offered a directorship and a position in charge of all fabrication and manufacturing for Diversified Ethanol. The company is intended to become part of Diversified Ethanol, and to work exclusively on Diversified Ethanol projects.
Diversified's CEO Taylor Moffitt said, "This acquisition won't just give us trucks, trailers, fuel tanks, welders, real estate, fork lifts, and fabrication tools ... it will give us the talent of John Newby, the greatest asset. With Newby's experience and leadership on our team, Diversified Ethanol can catapult into massive action. Newby can get us into production fast. He knows what he's doing."
Moffitt is negotiating the deal, which involves a mixture of cash and stock. JMCP CEO Chris McGovern has already written the check in anticipation of the pending closing.
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.
KEYWORD: NORTH AMERICA ILLINOIS UNITED STATES INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY MANUFACTURING ENGINEERING MERGER/ACQUISITION SOURCE: James Monroe Capital Corporation
CONTACT INFORMATION: James Monroe Capital Corporation, Northbrook, IL Chris McGovern, 847-418-3848
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quote:Originally posted by JIF: That's a step! I'm not sure why volume isn't much higher. Maybe because it's the dead of August and everyone is at the beach.
It's not the beach...too close to school...June and July are the beach months. Everyone is getting ready for school to start.
Your volume is low because they are not dumping shares as much any more.
These guys have projects in the works. They need to show significant movement and revenue from those projects before you have any real hope of this one moving. Then they need to couple that with an effort to buy back shares.
You have too many people here how are waiting to dump at .0002. Until you have that resolved this one is going no where.
I do have some play in here and yes a dump at .0002. I have done it more than once...it is rare and hard to do. I heep a little bit in this stock so I keep my eye on it. It is a company that I like what it is doing so far but still has not proven it can come through with the goods....yet.
-------------------- - "Pay it Forward"
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Ethanol to power cars, sponsor race in Iowa Ethanol to power cars, sponsor race in Iowa
By Associated Press August 17, 2006 Corn-based ethanol will power Indy cars when they race next year at the new Iowa Speedway, and an Iowa corn promotions group will help finance one of the speedway's biggest races, track officials said this week.
Former NASCAR champion Rusty Wallace and Indy Racing League driver Jeff Simmons were at the Iowa State Fair in Des Moines on Tuesday to announce that the Iowa Corn Promotions Board will sponsor the Iowa Corn Indy 250 on June 24.
"It makes so much sense to have these race cars running on ethanol, a fuel that we don't have to go overseas to get, a fuel that is better for the environment and a fuel that makes some big-time horsepower," Wallace said. "It's really great for racing, for Iowa Speedway, and for the many folks here in Iowa who make their living growing corn."
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The Indy Racing League announced early this month that IndyCar and Indy Pro Series races will be held at the new 7/8-mile track in Newton next June. The track was designed by Wallace and features gradually banked turns.
The IndyCar Series used a 10 percent ethanol blend this year in its cars and plans to run on 100 percent ethanol next year. Wallace predicted other racing associations will likely follow the Indy series in using ethanol.
"It's something that I think that all the racing series around the country will start catching on to," he said. "When you think about it, you really sit back and go, 'Why doesn't everybody run on it?'"
"Next year running 100 percent ethanol, I think is going to give us that chance to really show the performance aspects of it in a real exciting way to all of the fans here," Simmons said.
The Ethanol Promotion and Information Council is a primary sponsor for Simmons' car.
The inaugural Indy race at the banked oval track in Newton _ about 25 miles east of Des Moines _ will be televised on ABC.
To think this is just a start for Ethanol!!!
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new to this board, been holding jmcp, now im just waiting for the convention next month, hopfully they could work something else, such as buyback program..!!
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The 116 N. Commercial address on the shareholder's meeting press release was a typho according to this e-mail I received from Chris...
quote: To: replay 2x <replay2x*_ _ _ _.com> CC: Subject: RE: Shareholder's Meeting... Date: Fri, 18 Aug 2006 07:25:31 -0700 Return-Path: <info*jamesmonroecapital.com> Delivered-To: replay2x:_ _ _ _ _ _ Received: (qmail 1552 invoked by uid 0); 18 Aug 2006 14:25:38 -0000 X-Ob-Received: from unknown (192.168.8.145) by mta1-8.us4.outblaze.com; 18 Aug 2006 14:25:38 -0000 Received: from smtpout14-02.prod.mesa1.secureserver.net (smtpout14-02.prod.mesa1.secureserver.net [68.178.232.8]) by spf12.us4.outblaze.com (Postfix) with SMTP id A396025984D for <replay2x*_ _ _ _ _ _.com>; Fri, 18 Aug 2006 14:25:33 +0000 (GMT) Received: (qmail 9983 invoked from network); 18 Aug 2006 14:25:31 -0000 Received: from unknown (HELO webmail12.prod.mesa1.secureserver.net) (64.202.189.49) by smtpout14-02.prod.mesa1.secureserver.net with SMTP; 18 Aug 2006 14:25:31 -0000 Received: (qmail 24655 invoked by uid 99); 18 Aug 2006 14:25:31 -0000 Message-Id: <20060818072531.889fa440e2e131d59c62efb05301cd06.0 e753e89a7.wbe*email.secureserver.net> Mime-Version: 1.0 Content-Type: TEXT/html; CHARSET=US-ASCII User-Agent: Web-Based Email 4.6.0 X-Originating-Ip: x.x.x.x
Replay, Yes, unfortunately, that was a type-o on the press release, and the correct address is 216 N Commercial. Thank you for writing and we will be happy to see you at the meeting!
Chris
-------- Original Message -------- Subject: Shareholder's Meeting... From: "replay 2x" <replay2x*_ _ _ _ > Date: Wed, August 16, 2006 7:12 am To: info*jamesmonroecapital.com
To whom it may concern,
I am a shareholder and would like to attend the shareholder's meeting as posted in your press release. However, I am unable to find 116 N. Commercial on Google Maps. As stated on the press release, 116 N. Commercial was acquired from the Eagle Grove School District. When I look at the map, I see no Eagle School Grove owned properties on 116, but I do see a properties owned by the school district on 216 N. Commercial. Was the address on the shareholder's metting press release a typho? Please advise so I may plan ahead.
posted
I posted the shareholder's meeting address issue back on page 24 and on the JMCP thread over at HSM. Nobody cared, got no response...LOL.
For the sake of the shareholders that don't read the JMCP boards, I hope JMCP updates their website with the correct info or inform the shareholders during registration. If not, you'll have a bunch of lost JMCP shareholders driving up and down Commercial.
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quote:Originally posted by billysmith: have questions for JMCP??? -shareholder questions . . 4)who originally owned Northland Home Solutions and how many properties do they actually own .
There's no 1302 NE FIRST ST (Northland's Home Office) listed below...
My guess...page 16 (Wright County only)
quote:Originally posted by Replay2x:
quote:CHICAGO, May 11, 2006 (BUSINESS WIRE) -- Commonwealth American Financial Group, Inc./James Monroe Capital (Pink Sheets:CWFG) today announced that they have successfully finalized negotiations to acquire Northland Home Solutions, LLC.....
About Northland Home Solutions, LLC:
Northland Home Solutions, LLC of Iowa is in the renovation/rehabilitation of real estate business, the company acquires bank foreclosures and distressed properties in select/desirable locations at below market value then renovates/rehabs them and then put them back on the market for sale at a significant profit. The company currently has an inventory of high-end residential properties in various stages of completion.
Found 2 Northland Home Solutions, LLC. properties in Wright County. Total current value for both properties is $127,000. Maybe the "high-end" residential properties were already sold or located outside Wright County?
posted
Total current value for both properties is $127,000. Maybe the "high-end" residential properties were already sold or located outside Wright County?
Nahh it MUST be Marvin Luther KING sunz crib!
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Diversified Ethanol a Division of James Monroe Capital Closes On New Facility Acquisition
By BusinessWire Last Update: 8/22/2006 8:30:03 AM Data provided by
CHICAGO, Aug 22, 2006 (BUSINESS WIRE) -- Diversified Ethanol, a division of James Monroe Capital Corporation (Pink Sheets: JMCP), has slammed through the acquisition of its new corporate headquarters and ethanol production building as of Monday evening, and received a permit from the city.
The company's new building, located at 216 N. Commercial (please note correct address), in Eagle Grove, Iowa, will be the home for offices, engineering, sales, and a demo unit ethanol plant which will serve for R&D as well as production of ethanol. As-is photos of the brick building are available on the company website, at www.diversifiedethanol.com/album.
Monday evening, James Monroe Capital's CEO Chris McGovern represented James Monroe Capital at a public school board meeting. "There was another offer on the table, and the meeting had some very heated discussions. Dr. Moffitt abstained from voting to avoid a conflict of interest, but at the end of the meeting, they signed, and this building now belongs to all of the James Monroe Capital Shareholders. I am pleased to report: it's ours."
Meanwhile, at a city council meeting Monday night, Diversified Ethanol president Taylor Moffitt spoke for the JMCP shareholders and the city council voted in favor of awarding a special use permit to the company, thus finalizing all stipulations of the purchase contract. Insurance, utilities, and phone service will be transferred on Tuesday prior to the company moving office equipment into the building.
Moffitt said, "Now that we have a permanent address, as soon as we have it registered with the SEC, all Northland Home Solutions and Taylor Moffitt LLC properties will be titled over to James Monroe Capital as the agreements stated. Tomorrow we order the new "Diversified Ethanol" signage, which will proudly hang on this building for a long time. Our projections show at least a 50-point profit margin in designing, building, supplying, and providing training for these plants, in addition to having income from many of them long-term. Today is a significant day for all of us as a company. One engineer told us that based on requests he's had for small plants, he thinks we will build these plants in the thousands, but it all starts with this one plant. As the stewards of the shareholders' assets, we will continue to focus on aggressive company growth."
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.
quote:Originally posted by smalltime: Monday evening, James Monroe Capital's CEO Chris McGovern represented James Monroe Capital at a public school board meeting. "There was another offer on the table, and the meeting had some very heated discussions. Dr. Moffitt abstained from voting to avoid a conflict of interest, but at the end of the meeting, they signed, and this building now belongs to all of the James Monroe Capital Shareholders. I am pleased to report: it's ours."
Um, maybe this is a dumb question or I'm missing something... but why does JMCP need representation at a public school board meeting???
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Up to 0.0002 and holding. Once this company starts producing ethanol, along with its numerous other investment properties, this pps is going to fly, IMHO. Out patience should pay off soon with this one. Rock On!
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