CHICAGO, Feb 03, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) has been in talks with multiple companies regarding possible ventures. Principal shareholder Taylor Moffitt commented, "I've got a lot of equity tied up here, and while I'd like something to happen ASAP, we shouldn't just throw some junk into the company and do it half way. Considering the assets the company has in ONYI stock and real estate, we don't understand the low stock price, but we intend to do as much as possible to maximize value."
The company has been in talks with multiple ethanol and biofuels companies, a gold mine, resort developers, franchise chains, and several other possibilities. CEO Chris McGovern said, "Whatever we do, we have to make sure that it ends up making our stock more valuable and liquid. A suitable business must meet all of our business ethics standards, be approved by our financial advisors, and be well-received by the public. I've been very busy working on paperwork for ONYI, but I will enjoy being available to devote more energy to help see the success of James Monroe Capital come about as soon as possible, while still being selective and responsible with our company's future."
Moffitt added, "No matter what happens, Chris and I will remain shareholders and remain available to help ensure the success of OUR company."
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
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
| IP: Logged |
posted
Wit, I'm suprised you took the time to even type your response. JMCP dosn't seem to care about any share holders.
Posts: 271 | Registered: Jul 2006
| IP: Logged |
posted
becuz if ur vested in this stock you may want to chat with other shareholders - you dont have to if you don't want to!
Posts: 114 | From: St.Pete Florida | Registered: Sep 2005
| IP: Logged |
posted
Yes Andrew this is down and out - The paper you throw in the crapper is about what this stock is worth.I am sure in the not too distant future this will R/S.Its this low for a reason,on an upnote atleast one person is living large off us fools and that's the CEO.
Posts: 1086 | Registered: Oct 2005
| IP: Logged |
posted
yep.... Im still in. I have 4mil shares at .0001 been trying to sell for months..... Stuck with them. I even tried a market order to sell them and AMTD wouldnt allow it.....
Even put them at 500000 sares each at .0001 no takers.... They just wont sell :-}
Posts: 1101 | From: Georgia | Registered: Apr 2006
| IP: Logged |
posted
Funny how Taylor says he cant understand why the pps is so low........jeezzzz. When will they sell this pos and leave us holding the bag AGAIN?
Posts: 1178 | From: Mobile, AL | Registered: Aug 2005
| IP: Logged |
posted
I wonder why we can't sell but on TD Ameritrade they show heavy trade!!!!!!!!!!!!!!!! Yes I know why it just angers me a little.
Posts: 271 | Registered: Jul 2006
| IP: Logged |
posted
JMCP (.0001) Appointing New President and CEO Feb 19, 2007 3:59:00 PM Copyright Business Wire 2007 CHICAGO--(BUSINESS WIRE)--
James Monroe Capital Corporation (Pink Sheets:JMCP) has announced that it is in the process of appointing a new company president and CEO, Frank Love.
All current officers and independent contractors of James Monroe Capital will remain involved with the company. Mr. Love is excited about the projects that James Monroe Capital presently has, and has been in talks with numerous other parties about possible new business to bring to the shareholders.
Principal shareholder Taylor Moffitt said, "After talking with several top notch candidates, Chris McGovern and I feel that Frank Love is in the best possible position to represent our interests as shareholders, and bring value to the table. He has enthusiasm, energy, and has been in talks regarding a handful of deals that Chris and I are very excited about. He agrees with our position of 'no reverse stock splits' and cares about both his reputation and the long-term interests of his shareholders.
CEO Chris McGovern commented, "This is an amazing opportunity to see James Monroe Capital moving forward into a bright future. I believe that Frank Love has the integrity and the determination see growth come to fruition. He is committed to the interests of all long-term shareholders and believes in our vision of the company's future."
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
-------------------- "No nation was ever ruined by trade." Benjamin Franklin Posts: 533 | From: Dooville, Indiana | Registered: Jul 2006
| IP: Logged |
posted
James Monroe Capital in Talks Regarding Oil Deal
Feb 28, 2007 20:37:16 (ET)
CHICAGO, Feb 28, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) is in talks to enter into a joint venture to acquire three licensed oil fields in a foreign country, over 100,000 acres with 11 wells. The fields have been proven to contain reserves of 2 million tons of crude oil. That is 11 million barrels of C1 and 37 million barrels of C2.
The market value of leasing the oil fields is significantly higher than the acquisition cost, and represents the type of deal James Monroe Capital seeks.
Principal shareholder Taylor Moffitt said, "This deal could help to diversify us as shareholders, and could provide something we need: Earnings. That's why we like this. There are a lot of things we could do with only a fraction of the income from that much oil. If Frank Love can close this deal and provide that much value to the company, then we're lucky to have him, and I hope he'll consider doing another deal of this type with us. If Love nails this deal, then his candidacy for the leadership of our company will move from 'in process' to 'done.'"
No timeframe estimates or prices are being provided to the public at this time. All emails requesting additional information will be deleted. All past efforts have been "shelved" to focus on this deal, which the company has deemed as "more profitable." A combination of debt and equity may be used to fund the deal, through foreign loans and private placements at market value. No reverse stock splits will 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, IL Chris McGovern, 847-418-3848
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
| IP: Logged |
posted
This caught me a little offguard - they have not done anything in months.I think they will need to get investors a little more excited about this the volume is still low for this kind of PR.
Posts: 1086 | Registered: Oct 2005
| IP: Logged |
posted
James Monroe Capital Closing-in on Oil Deal
Mar 2, 2007 21:08:05 (ET)
CHICAGO, Mar 02, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) has moved from talks to contract negotiations regarding an oil deal which involves over 100,000 acres of land and 11 wells. The deal would be a joint venture, with funds being raised by private placement, and the company will be borrowing against its assets, namely real estate and stock, and will pay off the debt over a period of years. After the debt is paid off, and the company is cash-flowing strongly, most shareholders seem to feel that the ONYI stock should be passed through as another dividend. Present management feels that this is a good idea, but will have to evaluate the situation in the future.
Frank Love has been negotiating the deal, which represents the type of transaction the company eagerly solicits. Love has a lot riding on the deal, if he succeeds in making the company money, the reigns of JMCP will be handed over to him. Love, unlike Moffitt & McGovern, is a fan of the buyback, and has expressed interest in a buyback after the company is making money.
Chris McGovern commented, "We want people to know what we are doing. There's a fine line between keeping people in the dark and appearing to pump our company. We're trying to objectively educate the public as to what we are working on, so that investors can make their own decisions. This oil position could hedge many of us as shareholders who are participating heavily in biofuels already. I like green power, but a profitable deal is a profitable deal. If Frank nails this one, it will be good for us, big time. We don't want anyone to expect it to put a million dollars into their account, but we view it as our little lotto ticket. We might not get it, but if we don't get the deal, at least our stock didn't go down and we can try again. No reverse stock splits will be considered."
The company is experiencing email problems, and hopes to have email again next week. All previous projects have been "shelved" to focus on this project, which has more potential value.
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, IL Chris McGovern, 847-418-3848
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
| IP: Logged |
posted
I don't trust this new venture. I'm not so sure that this is just a plug to get more investment and keep the stock at .0001.
Posts: 271 | Registered: Jul 2006
| IP: Logged |
posted
Hey Yank, if u don't want it sell it, cause I'm buying more. I'm gonna get rich $$$ on this one.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
| IP: Logged |
posted
haha, agree, holding strong and buying more
-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
| IP: Logged |
posted
i have owned this one since september 06, where are you finding the news on this? and do you see a good run on it soon?
-------------------- I wish aliens would come down from space & make me thier pet I would like a bed with my name on it Posts: 89 | Registered: Nov 2006
| IP: Logged |
posted
can't wait now....hahah, days are approaching
-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
| IP: Logged |
posted
CHICAGO, Mar 02, 2007 (BUSINESS WIRE)boneyardjeep Member
Rate Member posted March 05, 2007 03:05 PM -------------------------------------------------------------------------------- i have owned this one since september 06, where are you finding the news on this? and do you see a good run on it soon?
-------------------- I wish aliens would come down from space & make me thier pet I would like a bed with my name on it
posted
CHICAGO -- James Monroe Capital Corporation (Pink Sheets:JMCP) has moved from talks to contract negotiations regarding an oil deal which involves over 100,000 acres of land and 11 wells. The deal would be a joint venture, with funds being raised by private placement, and the company will be borrowing against its assets, namely real estate and stock, and will pay off the debt over a period of years. After the debt is paid off, and the company is cash-flowing strongly, most shareholders seem to feel that the ONYI stock should be passed through as another dividend. Present management feels that this is a good idea, but will have to evaluate the situation in the future.
Frank Love has been negotiating the deal, which represents the type of transaction the company eagerly solicits. Love has a lot riding on the deal, if he succeeds in making the company money, the reigns of JMCP will be handed over to him. Love, unlike Moffitt & McGovern, is a fan of the buyback, and has expressed interest in a buyback after the company is making money.
Chris McGovern commented, “We want people to know what we are doing. There’s a fine line between keeping people in the dark and appearing to pump our company. We’re trying to objectively educate the public as to what we are working on, so that investors can make their own decisions. This oil position could hedge many of us as shareholders who are participating heavily in biofuels already. I like green power, but a profitable deal is a profitable deal. If Frank nails this one, it will be good for us, big time. We don’t want anyone to expect it to put a million dollars into their account, but we view it as our little lotto ticket. We might not get it, but if we don’t get the deal, at least our stock didn’t go down and we can try again. No reverse stock splits will be considered.”
The company is experiencing email problems, and hopes to have email again next week. All previous projects have been “shelved” to focus on this project, which has more potential value
-------------------- Be like Pat Posts: 72 | From: Arizona | Registered: Sep 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Cool]](cool.gif)
![[Eek!]](eek.gif)
