posted
Thanks again prd. You are good hbomb nice call. Be ready for a joy ride next week.
Posts: 2309 | From: Minnesota | Registered: Feb 2006
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posted
Check this out people, the OS count is much lower than believed. Pinksheets dot com has the OS at 109,790,000 on 9/27/2006, but on 9/29/2006 POFG announced a mutual rescission with Premier(a subsidiary) and cancelled 39,000,000 shares that were issued to Premier shareholders. That puts POFG at 70,790,000 shares!!! This thing is about to break a $1, Yeeeehaaaaaawwwwww!!!
Posts: 210 | Registered: Aug 2006
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quote:Originally posted by cautionupahead: Check this out people, the OS count is much lower than believed. Pinksheets dot com has the OS at 109,790,000 on 9/27/2006, but on 9/29/2006 POFG announced a mutual rescission with Premier(a subsidiary) and cancelled 39,000,000 shares that were issued to Premier shareholders. That puts POFG at 70,790,000 shares!!! This thing is about to break a $1, Yeeeehaaaaaawwwwww!!!
OMG THIS COULD BE HUMONGOUS...
EVEN IF THE WHOLE O/S IS THE FLOAT...
ITS EXTREMELY LOW O/S REGARDLESS !!!
"POFG is in discussions with several acquisition or business combination candidates and will make further announcements as material events dictate. The POFG board and officers revert back to those in place prior to the Premier acquisition date and the 39,000,000 shares issued to Premier shareholders in that acquisition have been cancelled."
They have a VERY UNIQUE business model that is taking the mortgage industry by storm!
Amstar Mortgage Corporation is a mortgage banker/broker primarily engaged in the business of originating and selling mortgage loans secured by one to four family residences. We operate through a network of retail branches that consist of independently managed retail mortgage branches. All branch managers and their personnel are employees of Amstar Mortgage Corporation.
Amstar Mortgage Corporation is one of the nation’s leading and fastest growing retail branching companies. Each retail branch office is staffed by Amstar employees primarily engaged in marketing and acceptance of mortgage loan applications from the general public. Each branch office is networked to the Company's headquarters through a sequel server database loan origination software (LOS) called Encompass TM which provides all the compliance and documents necessary to process mortgage loan applications in accordance with applicable State and Federal regulations.
Amstar provides administrative support (such as personnel, human resource, bookkeeping and similar services), quality control, lender contract negotiations and development. Each branch office retains the discretion to choose among the more than 300 lenders or Amstar’s own proprietary mortgage programs.
Amstar Mortgage is one of the first mortgage companies to offer various commission-based compensation programs. Amstar's CEO, Howard Wayland, Jr., pioneered this plan in the Mortgage Banking industry and was the one who created the flat payment method of compensation. With our multiple fee program options, our retail branch managers can select a commission payment program that they believe will maximize their retail branch profits. Amstar programs target experienced, qualified loan officers with attractive financial opportunities to establish a branch with limited risk and overhead chargeable to their commissions.
Amstar offers its branch offices the opportunity to place prospective loan applications with Amstar's own Mortgage Banking Department. Through our Mortgage Banking Department, Amstar functions as a correspondent lender with underwriting authority delegated from institutional investors.
Amstar also offers many “value-added” services to our branches. From discounted services through partners like FedEx®, Staples® and Dell®, to a networked loan origination software system managed by Amstar’s IT department, and comprehensive administrative support. Through these relationships and systems, Amstar is able to enhance every branch’s profitability while keeping costs low for the consumer.
Amstar Mortgage Corporation stands proud and inspired by the dream and hard work of its more than 150 branch managers.
Amstar has over 750 employees.
For years, Amstar has built a reputation as a reliable partner to hundreds of mortgage brokers. With unparalleled dedication to serving our branches, and an unrivaled commitment to our customers, Amstar Mortgage brings loyalty and integrity back to the industry. Throughout this site you will find very distinct and original programs, compelling partnerships, and countless value added services, designed with each individually diverse branch in mind. We challenge you to explore, research and discover why Amstar Mortgage is the finest retail branch company you will find. In joining Amstar, we believe you will experience a business with a rare sense of vision, answering the question “Why Amstar?”.
Why AMSTAR?
the amstar advantage
Pay one monthly fee and keep 100% of the commissions! Approved with over 250+ lenders and adding more all the time! No monthly quotas! Freedom to operate with the benefits of the corporation without the pressure of excessive corporate oversight!
Loan Officers with as little as 2 years experience can start their own branch and earn more! Insurance benefits available! Multi-state lending! FHA, VA, rural development and reverse mortgage capabilities! Multiple programs to fit your needs! Flexibility to change programs after 6 months! Operate as a banker or broker! Profit shared incentives for the loans you use Amstar as the lender! No first right of refusal! You determine the split with your Loan Officers! Commercial lending! Discount prices on services you need! Just check out these great Amstar partners listed above...
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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Posted by: pkripper In reply to: Lieutenant who wrote msg# 36 Date:10/27/2006 9:19:33 PM Post #of 42
no, just the opposite. it is not currently publicly traded so there is no public stock price per say. But to have this page up could indicate it will be soon. There are a couple of other pages on their site that are under construction or "coming soon". this is IMO. and I am invested. I also worry about the too good to be true analysis, this is the pink sheets. Amstar looks legit to me, and from pofg sept.29 news. http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5 Cpr%5C2006%5C09%5C29...
It appears as a nice shell to move into the public market. glty.
_________________________________________________ Posted by: pkripper In reply to: inoutbackin who wrote msg# 33 Date:10/27/2006 8:22:07 PM Post #of 42
from 2004 debt in right column, that is 2 years old. I can't find much more for dd
_________________________________________________ Posted by: analyzethis In reply to: wrongjoe who wrote msg# 27 Date:10/27/2006 7:28:01 PM Post #of 42
Good analysis. But your numbers are a little low!! Mortgage Industry stats for the mortgage industry are at:
As you can see below as an industry the P/E is 14.1!!
Market Capitalization: 84B Price / Earnings: 14.1 Price / Book: 2.0 Net Profit Margin (mrq): 11.5% Price To Free Cash Flow (mrq): 1745.9 Return on Equity: 7.2% Total Debt / Equity: 19.5 Dividend Yield: 3.5%
Anything I say here is just my reasoned opinion.
________________________________________________
Posted by: wrongjoe In reply to: pkripper who wrote msg# 19 Date:10/27/2006 6:35:21 PM Post #of 42
That depends on what the profit margin is and how fast they will become a reporting company.
According to their website, they had about 58 million in revs for fiscal year 2005, but only 37 million in revs for 3 quarters of 2006 - which would seem to indicate this year will be worse than the previous year, unless Q4 is real big for them, as it can be for a lot of companies. Let's assume for 2006 they'll have 50 million in revs at a 10% profit margin (good standard to use if you have no idea). That's 5 million in profits for 2006.
$5,000,000 divided by 110,000,000 shares = .045 EPS. With a conservative P/E of 10 that's .45.
That's assuming reduced revenues from the previous year and no future growth - in other words, that should be the MINIMUM valuation. I would expect this to go higher than that rather quickly, especially if the company plans to be reporting out of the gate or very soon thereafter. Nonreporting companies are usually heavily discounted for the added uncertainty.
Hm. Wish I had caught this one before the close of market... _______________________________________________
Posted by: analyzethis In reply to: None Date:10/27/2006 3:08:09 PM Post #of 42
NEW DD: POFG: about amstar --------------------------------------------------------------------------------
Amstar Mortgage Corporation is a mortgage banker/broker primarily engaged in the business of originating and selling mortgage loans secured by one to four family residences. We operate through a network of retail branches that consist of independently managed retail mortgage branches. All branch managers and their personnel are employees of Amstar Mortgage Corporation.
Amstar Mortgage Corporation is one of the nation’s leading and fastest growing retail branching companies. Each retail branch office is staffed by Amstar employees primarily engaged in marketing and acceptance of mortgage loan applications from the general public. Each branch office is networked to the Company's headquarters through a sequel server database loan origination software (LOS) called Encompass TM which provides all the compliance and documents necessary to process mortgage loan applications in accordance with applicable State and Federal regulations.
Amstar provides administrative support (such as personnel, human resource, bookkeeping and similar services), quality control, lender contract negotiations and development. Each branch office retains the discretion to choose among the more than 300 lenders or Amstar’s own proprietary mortgage programs.
Amstar Mortgage is one of the first mortgage companies to offer various commission-based compensation programs. Amstar's CEO, Howard Wayland, Jr., pioneered this plan in the Mortgage Banking industry and was the one who created the flat payment method of compensation. With our multiple fee program options, our retail branch managers can select a commission payment program that they believe will maximize their retail branch profits. Amstar programs target experienced, qualified loan officers with attractive financial opportunities to establish a branch with limited risk and overhead chargeable to their commissions.
Amstar offers its branch offices the opportunity to place prospective loan applications with Amstar's own Mortgage Banking Department. Through our Mortgage Banking Department, Amstar functions as a correspondent lender with underwriting authority delegated from institutional investors.
Amstar also offers many “value-added” services to our branches. From discounted services through partners like FedEx®, Staples® and Dell®, to a networked loan origination software system managed by Amstar’s IT department, and comprehensive administrative support. Through these relationships and systems, Amstar is able to enhance every branch’s profitability while keeping costs low for the consumer.
Amstar Mortgage Corporation stands proud and inspired by the dream and hard work of its more than 150 branch managers.
Anything I say here is just my reasoned opinion.
________________________________________________
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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posted
Check this out. Based on the first 9 months of revenues Amstar should do $50 million in revs this year(or more). Multiply that by the industry average of 11.5% profit margin. That's $5,750,000 in profits for 2006.
$5,750,000 divided by 71,000,000 shares=0.08 EPS $0.08 X P/E of 14(industry average) = $1.12 Price per share.
Right now it's at $0.15 and worth $1.12, can you say Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Posts: 210 | Registered: Aug 2006
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quote:Originally posted by cautionupahead: Check this out. Based on the first 9 months of revenues Amstar should do $50 million in revs this year(or more). Multiply that by the industry average of 11.5% profit margin. That's $5,750,000 in profits for 2006.
$5,750,000 divided by 71,000,000 shares=0.08 EPS $0.08 X P/E of 14(industry average) = $1.12 Price per share.
Right now it's at $0.15 and worth $1.12, can you say Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
THANKS cautionupahead .
IT MAKES SENSE TO ME.
I LIKE THE NUMBERS ON THE PR.
I LIKE RISK VS REWARD HERE ! COULD PULL A LFZA !
FROM .096 TO .84 !
PERSONALLY, I CAN'T WAIT TO SEE WHAT HAPPENS NEXT WEEK !
WITH SUCH A LOW FLOAT I MAY BUY MORE IF THE MM'S TRY TO SHAKE IT...
NUMBER 4 MOST ACTIVE BOARD ON IHUB !
THERE MUST BE SOMTHING GOING ON !
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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Posted by: analyzethis In reply to: None Date:10/28/2006 11:10:05 AM Post #of 51
Amstar Mortgage Corporation Profile Founded in 1991, Allied Home Mortgage Capital Corporation (AHMCC)is the largest privately held mortgage banker/mortgage broker in the United States. Allied Home Mortgage Capital is based in Houston, Texas and has hundreds of offices throughout the U.S.
Allied Home Mortgage Capital Corporation funds billions of dollars of mortgaged every year. In some months they handles as many as 12,000 loans per month.
In 2003 and 2004, Allied Home Mortgage Capital Corporation was named one of "The Top 25 Tech-Savvy Lending Firms" by Mortgage Technology magazine.
Amstar Mortgage Corporation: Summary Amstar Mortgage Corporation is a HUD-approved lender (US Department of Housing and Urban Development).
Amstar Mortgage Corporation serves borrowers in the following states: Alabama • Arkansas • California • Colorado • Connecticut • Delaware • District of Columbia • Florida • Georgia • Illinois • Indiana • Iowa • Kansas • Kentucky • Louisiana • Maryland • Massachusetts • Michigan • Minnesota • Mississippi • Missouri • Nebraska • Nevada • New Hampshire • New Jersey • New York • North Carolina • Ohio • Oklahoma • Oregon • Pennsylvania • Rhode Island • South Carolina • South Dakota • Tennessee • Texas • Vermont • Virginia • Washington • West Virginia • Wyoming
Anything I say here is just my reasoned opinion.
_________________________________________________
Posted by: analyzethis In reply to: None Date:10/28/2006 11:12:12 AM Post #of 51
Over 69,000 google hits for Amstar Mortgage. WOW! Lots of brokers use them and they are VERY HIGHLY rated by them. You should read some of what the brokers say about them!
posted
I bet we see a $1 PPS within a week. Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Posts: 210 | Registered: Aug 2006
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posted
We already have our first basher on IHub, even though the board was just started yesterday, LOL. It usually takes a while before the bashers move in, so my guess is one of the MMs is short. I made a post calling out this basher(which was deleted for some reason)and she replied within one minute of me posting. Now who hangs out on Ihub all day and night on a Saturday but a paid basher trying to manipulate Mondays action, LOL. These guys aren't even good at what they do, they could try being a little less obvious if you ask me. Bob
Posts: 210 | Registered: Aug 2006
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Posted by: jaffet012 In reply to: emulwa who wrote msg# 69 Date:10/29/2006 11:58:01 AM Post #of 70
MUST READ:::: NEW DD::: MERGER CONFIRMED>... hi. everyone. i am sorry for posting this late... i was in jail here in IHUB.
i have some MAJOR news for all POFG holders and future holders.
please read carefully.
On friday after PR... i went to the amstar website and chated with 2 different agents.
below my conversation with one of them....
As you know friday the R/M was announced and that afternoon these people at (online customer support) did not know about any mergers....
READ BELOW... -------------------------------------------- Your session reference number is 158101218 You is amstar a private company? Gabe entered chat session You hi gabe Gabe not sure... Gabe Why do you ask? You because my understanding is that your company is being aquired You are you aware of that? Gabe My position is to give information about our service, We are a large mortgage company with multiple branches nation wide. You excellent, well i am just informing you about the situation. You closing of the deal will be with in 30 days You and yes your company is al You a large one.... for the 9 month period ending june 30 2006... Amstar had over 37 million in gross revenue.. and closed over 1.3 billion in mortgage loans You anyway... ill give you a link so you can read and confirm what i have toled you You http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BEF34B54C%2D3581%2D4713% 2DB6D3%2DC60385B2866.... Gabe Do you own any shares? You of the aquiring company... yes You not of Amstar You Do you have any Amstar shares? Gabe will now.. You jaja.. You is amstar Publicly traded???? Gabe Congratulations!!! You Thank you. Gabe talk to you soon You ok. You good luck to you all You in amstar Gabe God Bless! You thank you
-------------------------------------------------
In my second conversation the gentleman still could not confirm the PR.... but he did help me because he gave me corporates phone number....
I called corporate after hours they were closed, but somehow i managed to get somebody in the accounting department.
BELOW A SUMMARY OF MY CONVERSATION WITH THE ACCOUNTING DEPARTMENT REP.
First i asked him if Amstar was a private or public company... He said it was a private company, therefore it was not publicly traded.
I asked him if it was true that Amstar had signed a definate agreement to be merge with POFG...
and he said yes that they had signed that agreement today (FRIDAY.) He confirmed it....
I then asked him about the terms, but he said he couldn't disclose that information, but i was welcomed to call the CEO monday...
It was a short conversation, but he did infact CONFIRM the POFG was going to aquire Amstar....
There you have it.... if you have any question please email them to me..... becuase i am limited here on IHUB.
any questions please email me to jaffetmendoza*hotmail.com
Good Luck All J12 www.myspace.com/jaffet12 PLEASE FEEL FREE TO REPOST THIS... Investors need to here this.
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
| IP: Logged |
quote:Originally posted by Schwabie: THERE YOU HAVE IT FOLKS !!!!
COULD BE THE NEXT LFZA...
POST FROM IHUB :
_________________________________________________
Posted by: jaffet012 In reply to: emulwa who wrote msg# 69 Date:10/29/2006 11:58:01 AM Post #of 70
MUST READ:::: NEW DD::: MERGER CONFIRMED>... hi. everyone. i am sorry for posting this late... i was in jail here in IHUB.
i have some MAJOR news for all POFG holders and future holders.
please read carefully.
On friday after PR... i went to the amstar website and chated with 2 different agents.
below my conversation with one of them....
As you know friday the R/M was announced and that afternoon these people at (online customer support) did not know about any mergers....
READ BELOW... -------------------------------------------- Your session reference number is 158101218 You is amstar a private company? Gabe entered chat session You hi gabe Gabe not sure... Gabe Why do you ask? You because my understanding is that your company is being aquired You are you aware of that? Gabe My position is to give information about our service, We are a large mortgage company with multiple branches nation wide. You excellent, well i am just informing you about the situation. You closing of the deal will be with in 30 days You and yes your company is al You a large one.... for the 9 month period ending june 30 2006... Amstar had over 37 million in gross revenue.. and closed over 1.3 billion in mortgage loans You anyway... ill give you a link so you can read and confirm what i have toled you You http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BEF34B54C%2D3581%2D4713% 2DB6D3%2DC60385B2866.... Gabe Do you own any shares? You of the aquiring company... yes You not of Amstar You Do you have any Amstar shares? Gabe will now.. You jaja.. You is amstar Publicly traded???? Gabe Congratulations!!! You Thank you. Gabe talk to you soon You ok. You good luck to you all You in amstar Gabe God Bless! You thank you
-------------------------------------------------
In my second conversation the gentleman still could not confirm the PR.... but he did help me because he gave me corporates phone number....
I called corporate after hours they were closed, but somehow i managed to get somebody in the accounting department.
BELOW A SUMMARY OF MY CONVERSATION WITH THE ACCOUNTING DEPARTMENT REP.
First i asked him if Amstar was a private or public company... He said it was a private company, therefore it was not publicly traded.
I asked him if it was true that Amstar had signed a definate agreement to be merge with POFG...
and he said yes that they had signed that agreement today (FRIDAY.) He confirmed it....
I then asked him about the terms, but he said he couldn't disclose that information, but i was welcomed to call the CEO monday...
It was a short conversation, but he did infact CONFIRM the POFG was going to aquire Amstar....
There you have it.... if you have any question please email them to me..... becuase i am limited here on IHUB.
any questions please email me to jaffetmendoza*hotmail.com
Good Luck All J12 www.myspace.com/jaffet12 PLEASE FEEL FREE TO REPOST THIS... Investors need to here this.
No offense but this post tells me nothing more than I already knew... Posts: 632 | From: Midwest | Registered: Aug 2005
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posted
Schwabie....Your post about how to send pictures got removed... You said Click on FULL REPLY BUTTON then Click image ect. However I am not sure what the internet link is.... I would be glad to e-mail the 5 Pictures of BEST JETS owned by PBLS to you if you would like to popst them on that thread.... Just up to you You can send your e-mail address to me at MuComposer at Yahoo dot com if you like.... and I will e-mail them to you for posting
Posts: 1101 | From: Georgia | Registered: Apr 2006
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posted
Check out this chart, this thing was above $1 four months ago and the situation then was nowhere near as good as it is today.(for some reason stockcharts hasn't updated to represent the action from Friday) http://stockcharts.com/h-sc/ui?s=POFG&p=W&b=5&g=0&id=p43012979315Posts: 210 | Registered: Aug 2006
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posted
Looking over the past 2 years this thing has gone over $2 and past $1 on many occasions, this week could be the week!!! Yeeeeeeeeeeeeeeeeehhhhhhhhhhhhhhhhhhhhhaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
Posts: 210 | Registered: Aug 2006
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quote:Originally posted by Hitman: Schwabie....Your post about how to send pictures got removed... You said Click on FULL REPLY BUTTON then Click image ect. However I am not sure what the internet link is.... I would be glad to e-mail the 5 Pictures of BEST JETS owned by PBLS to you if you would like to popst them on that thread.... Just up to you You can send your e-mail address to me at MuComposer at Yahoo dot com if you like.... and I will e-mail them to you for posting
I EMAILED YOU.
quote:Originally posted by cautionupahead: Check out this chart, this thing was above $1 four months ago and the situation then was nowhere near as good as it is today.(for some reason stockcharts hasn't updated to represent the action from Friday) http://stockcharts.com/h-sc/ui?s=POFG&p=W&b=5&g=0&id=p43012979315
posted
Schwabie.... The 5 pictures i sent go on the PBLS thread.... You probably knew that already, just cking thanks 4 ur help..
Posts: 1101 | From: Georgia | Registered: Apr 2006
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quote:Originally posted by Hitman: Schwabie.... The 5 pictures i sent go on the PBLS thread.... You probably knew that already, just cking thanks 4 ur help..
DONE.
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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Posted by: emulwa In reply to: analyzethis who wrote msg# 55 Date:10/28/2006 10:43:33 PM Post #of 75
Acquisitions and reverse mergers have always been good IMO. But let me ask you a question? Why does the courts have to approve this one, rather than the SEC, which normally analyzes such acquisitions. It looks to me like the SEC said No, and that's why they are going to court. Why would they go to court if there is a regulatory body that monitors such acquisitions? IMO beware until you get confirmation from the company being acquired.
Posts: 461 | Registered: Jul 2006
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I would not be surprise if it opens in the .20 this morning and there is a nice base there.... hopefully would not drop below that if it does open in that area...IMO
Posts: 5120 | Registered: Jun 2004
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