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I think that the drop off in volume is a good sign...Maybe all the dumping or dilution is over and the next PR that has some backing will mean a bounce in the PPS and now more volume at .0001
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this company is a joke was in it a week and nothing 00000000 they need to buy back some of there shares or its going no where.sucks
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I know what you're saying, vinnie. Lotta peeps trading to make ends meet, too. For sure, this may never be a flipper, but has the potential to be better than a savings account.
These guys want to move up to a bigger exchange quickly, so keep your eye out for at least a small run from time to time .
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Bigfoot, lots of possibilities - all no better than a guess at what they plan to do. Ones we've seen a lot of lately - reverse merger - shell for sale - share buyback - etc. Lots of options, all guesses. Gotta wait and see.
Looks like they came with a plan, so I'm sticking around to stay up to date. No clue if this will move, gotta wait and see about that, too.
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In it's current form, it's going to stay right here - IMO.
Tex, don't make me say it... (jphc) ...it was a .0001 at one time, too. And let's drop that right now, cuz I'm not really sure what it is or will be in the future (jphc, I mean).
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CHICAGO, Jun 09, 2006 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP), recently reported that it now has two resort development projects in Costa Rica. Rainforest Beach(TM) Resort and Casino on the East coast, and a timeshare resort on the West.
The company is pleased to announce that its letter of intent to develop a beachfront property in Guanacoste was accepted in writing by the owner of the project, to partner with James Monroe Capital by providing the land, while the company provides planning and timeshare marketing, which should net the company $5,000,000. The deal is subject to inspection, which is to be done around June 21. There are still negotiations taking place regarding details of the final contract. James Monroe Capital will use someone else's land, 98% financing, and low-cost local labor to highly leverage its assets with very little capital.
This second resort will feature timeshare, which allows the developers to sell the same condo 50 times, one week at a time, for substantially higher profits. The company has experienced timeshare management and real estate developers to supervise the project, which was spearheaded by Dr. Vinton J. Lewis. Lewis is also known for inventing the kiosk for the city of Minneapolis, originally selling McGruff the Crime Dog to the Lions Club, and popularizing the idea of a financial advisor while VP of IDS (now American Express Financial Advisors).
James Monroe Capital CEO Chris McGovern commented, "The two resorts will be different from each other, but the timeshare resort will be a quicker profit center. We can also use the two of them to help add stability to the company. We also hope, in the future, to have the resorts profit from each other, sharing ideas for long-term success and earnings."
About James Monroe Capital Corporation:
The new company ownership and management took over a month and a half ago, and the company had no assets or revenues at that time. Since then, the company has gained income through compliance and marketing contracts with Bradford Funding (www.bradfordfunding.com) and Bradford Mortgage (www.bradfordmortgage.com) in excess of $200,000 per year. Through acquisitions it gained subsidiaries Taylor Moffitt LLC (rental properties) and Northland Home Solutions (high-end homes). It is developing a beachfront luxury resort (Rainforest Beach(TM)) projected to be worth $30,000,000. Rainforest Beach(TM) intends all of its architecture to be dramatic and stunning, designed by Charles Montooth (apprentice of Frank Lloyd Wright) and Floyd Hamblin. The company also intends to feature one original masterpiece of architectural art, and will officially apply and pay fees to the Frank Lloyd Wright Foundation Unbuilt Designs program at the time the construction loan funds. It is also developing an additional, separate, beachfront resort projected to net the company $5,000,000.
The company focuses on acquisitions, start-ups, and real estate. The company has contracts for reliable income and has acquired properties to liquidate as the stable base to fund its otherwise aggressive efforts. These efforts are "opportunistic and time-sensitive deals" often involving distressed situations. More information is available on the company's web site, at www.jamesmonroecapital.com. The company is currently seeking an accounting firm to help with full reporting and audits to document earnings.
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
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Well at least they are starting to combine all of the PR's into one & showing the $$$ they will be earning......
TIMESHARE is HUGE -- I sold it for 5 years and made the company I worked for ALOT of $$$$$ --- they had their own financing at 15.5% -- so not only were they selling weeks for 15K to 20K they had made a killing on the financing as well
Maybe Moffit will do the same, awful lot of issues though --- collections, chargeoffs, etc. -- but as with any property, it can be repoed and sold over --- lol ---I believe Costa Rica will be lease ownership -- 20yrs probably -- I dont think they can be deeded (kind of like in Mexico)
The dues alone will probably be anywhere between $350 and $550 per year (maybe more) depending on the unit and amenities
At 50 weeks per year at $500 per year per 250 units = $6,250,000 PER YEAR ----- all this and it dont even include the sales price of $15,000 per week !
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If this ever had a bid of .0002 - i think everyone would be selling.I look for many PR's from this and no movement at all - lets just pray for no R/S,no matter what the CEO say's.
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Did everyone see the other PR also? There have been three (3) this week. Here is one more:
James Monroe Capital Announces New $5mm Project
CHICAGO, Jun 07, 2006 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP), has announced that they are working on a second resort development in Costa Rica.
James Monroe Capital will be working on a timeshare resort, on the already popular West coast of Costa Rica, in Guanacoste. Dr. Vinton J. Lewis, independent deal maker, has commented, "Timeshare allows us to sell the same condo 50 times, one week at a time. The profits that can be obtained are substantially higher than a typical development."
Dr. Lewis has brought timeshare expert Bob Johnson to the team, who will head up the development as president of the subsidiary. Johnson said, "We have been approached by multiple land owners who would like us to develop their land. This places us in such a good position, with so many choices. I'm sending one of my guys, Richard Smith, another timeshare expert, down there in mid-June to do some final due diligence on the property which is by far our favorite. We have that property tied up for now."
James Monroe Capital CEO Chris McGovern commented, "The two resorts will be different from each other, but the timeshare resort will be a quicker profit center. We can also use the two of them to help add stability to the company. We also hope, in the future, to have the resorts profit from each other, sharing ideas for long-term success and earnings."
Dr. Lewis wishes to clarify a previous press release. He was not the artist who designed "McGruff," but selected the design for his original pitch to the Lions Club, where he made it happen.
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
-------------------- You can't afford to risk, what you can't afford to loose.
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I honestly believe this stock will pop big. Its just a matter of time. There is much interest in this stock and most of the volume is buys. If you have more buys then sells.....Well, Wont the O/S slowly decrease?
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I really agree with you on that because I think most of the OS has been bought up already.I would not be suprised if the company has already began a large buyback that is near complete.I am sure that they would not want to annouce the buyback until it is done in order to make it look real good,which it will be.In addition if they can close the deal on Costa Rica at about the same time -we should pop hard!This company has already done a 180* in comparision to CWFG!That lady running CWFG was a joke.
You are right that most of the volume has been buys so there is definetly major accumulation happening here.It is just a matter of time before we move.The main question after that is how high can we go and what kind of deals will be in the future?Realistically I think if we can make it to .001 then the next stop will be .01 assuming they continue to create big deals.If they announce some sort of reverse merger and a OTC or NASDAQ listing no telling how high we can go.I think if all of the above is done then we can really expect to see anywhere from .01-.26!!
I truely believe that this may be the chance of a lifetime and this stock will surpass all believers and may be the subpenny stock of a lifetime that will do even better than USXP.This stock may be the best subber ever and will be talked about for years to come.
One of the ways that I see this happeining is through a huge reverse merger.If it happens that way it will be very different from USXP so will not really be easily comparable in the sense that they will merge with another company who is already listed on the NASDAQ or something to that effect.I am not sure that I believe we will run from .0001 -.26 but I think it is highly likely that we will become another company with a higher trading price.(that is why it will not be comparable).people will be gasping if this happens and they will be kicking themselves.Something like this has never been seen before and that is why I think it is so unique.This type of company can create a revolution in subpennys and they way that they are handled.you never really know because the standards of the marketplace are really changing and improving with technology-more people have access to the market and small stocks like this which were practically non-existant years ago when they you had to call a broker or even earlier when there were tons of whites papers used for orders floating around wall street.Business is really changing rapidly and now real small micro cap companies like this are actually having a chance to improve themselves with exposure to investors.We are basically witnessing a new world altogether and this includes the way people buy and trade stocks-and also the opportunities that exist.
My only question is what will happen to our shares if a major merger deal takes place?????? I am not sure that we will have huge amounts of shares.I mean if a company is trading for .25 cents I don't see anyway that they can give us the same amount of shares that we have now due to regulations of OS for a NASDAQ company but you never know -I guess anything is possible.I would imagine that we would be able to make very large sums of money I just don't think we will still have our millions and millions of shares.
Good luck-things will be picking up by the first of July I guarantee! VERY STRONG HOLD!!!!!!!!!!!
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