quote:Originally posted by PCola77: Oh, and I like "JMCP is rocking now" the best. Assuming it means "rocking back and forth between no bid and a bid of .0001 and putting everyone to sleep in the process."
I'm still waiting on your facts to disprove JMCP intention. As things are slowly coming together and reality is setting in on the legitimacy of this company, you seem to be standing more and more alone in your pitiful bashing. Things I have been saying about this company are now beginning to come to light such as the dividend payout in the R. Trust or we will soon see .0002. Every thing I have been saying has been based on PRs released by JMCP and not my own creations. So, you need to cool it down a little before you look end up looking like a total idiot, but then that's probably the purpose of your bashing ID anyway.
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Hey TopRob stick to your guns. It's still a free country and we have a right to our opinion. It seems to me most of talk on this is to pump up stocks. Only half of it is good info. Good luck on making your million on this one. I'm trying to get there myself.
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I'll start with these points and I have a few e-mails out to various different directions, and I'll let you know if I get any worthwhile info.
1) You claimed Frank will be buying back as many shares at .0001 as he can. If that is the case, how did the bid drop off to non-existant today? Did he already buy "all that he could"? If so, the company is in worse shape that I thought.
2) The price is .0001. I'd be interested to see if you could find one single stock, in the hostory of the market, that has gone from .0001 to $5. Hell, even $1.
The problem is, you're so ridiculous it's like arguing with a 3 year old. You can know without a doubt that you're correct, and the 3 year old will argue with you vigorously just because they don't know any better.
3) You keep asking me for facts, but what "facts" do you have? Anyone who's done this for more than a couple of days realizes that PRs from pinksheet companies are worth LESS than the paper they're written on. So let's see some financials, filings, anything that shows that they are making money and not just dumping shares to people like you.
As for Yankee, I like that you're sticking up for my right to say what I am saying. Oh, what's that, you just want freedom for pumpers, not "bashers"?
quote:Originally posted by TopRob: I'm still waiting on your facts to disprove JMCP intention.
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Okay Rob, how 'bout this, I sent an e-mail to the company this morning and have yet to receive a response. Since you seem to be heavily invested in this company, I'd assume you want to know as much as you can, so how about you try to find out the current share structure, A/S, O/S, and float. I'd be interested if they have diluted at all recently. As you know, if a company states that they are going to buy back shares when they are, in fact, diluting, you know you're dealing with a dishonest company and need to put anything that they say under the microscope.
How about this for a deal, if we both find that they've been diluting, you admit that the company is misleading investors, and that I am right, and if we find that they have not diluted, then I'll admit that the company could head north if they follow through on their other PRs and I'll stop posting on this thread.
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Thanks Persia, we can use that as our starting point to see what the A/S and O/S are now if JMCP gets back to any of us with the current share structure.
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quote:Originally posted by PCola77: Okay Rob, how 'bout this, I sent an e-mail to the company this morning and have yet to receive a response. Since you seem to be heavily invested in this company, I'd assume you want to know as much as you can, so how about you try to find out the current share structure, A/S, O/S, and float. I'd be interested if they have diluted at all recently. As you know, if a company states that they are going to buy back shares when they are, in fact, diluting, you know you're dealing with a dishonest company and need to put anything that they say under the microscope.
How about this for a deal, if we both find that they've been diluting, you admit that the company is misleading investors, and that I am right, and if we find that they have not diluted, then I'll admit that the company could head north if they follow through on their other PRs and I'll stop posting on this thread.
You willing to do that? No, see below
Man you are really loosing it and you need help. Everyone now knows for sure that you are a complete lying idiot. Even a 3-year old can figure you out. For one thing, why are you even in this thread if you don’t like the company. No fool would spend as much time as you have bashing a company they have no interest in and to do it for so many weeks. Get real, everyone knows by now that you are a paid basher, so your opinion just don’t mean squat anymore.
First, I have never said that JMCP is not, has not, or will not dilute.. I have said all along that it is a possibility that they may be diluting to fund the gold deal and maybe some of the initial oil deals. This is understandable because all companies do this, even the 3 digit pps stock as that is the purpose of having tradable stocks in the first place. The difference here from others companies is that they are promising to do a buy-back. Also, I never said they would start the buy-back immediately, the PR clear says they will start the buy-back once they get profits from the oil operations and maybe the gold mine.
You say it can’t even get to $1, well when a company is paying dividends, that attracts large investors who will buy millions of shares at a preminum price. Note that I did say, if things go as they have planned.
Also note that my posts are just my opinion. If I knew for sure which companies were going to make it big, I would already be rich.
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Okay, calm down and look at this logically. If the company says they will buy back shares, but are really selling new shares, how is that acceptable to you? Like if there are 100 million shares and they say they will buy back 50million, but sell 100million first, the net result is that there would be 150 million shares outstanding. That's completely contrary to the implication when someone say they are buying back shares. Agree?
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Oh, and can you clarify the "lying idiot" part? I've read back through my posts and don't see where I've even said one thing that could possibly be called a lie.
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quote:Originally posted by PCola77: Okay, calm down and look at this logically. If the company says they will buy back shares, but are really selling new shares, how is that acceptable to you? Like if there are 100 million shares and they say they will buy back 50million, but sell 100million first, the net result is that there would be 150 million shares outstanding. That's completely contrary to the implication when someone say they are buying back shares. Agree?
Who said they are buying back shares at this time? The PR says they will start when the profits start coming in. This could be tomorrow or could be 6 months from now. It is also in their best interest to reduce the O/S as much as possible for the dividend payout. Paying $1M on 50 B shares is not impressive (.00002/share) to shareholders, but paying $1M on 1B shares (.001/share) is getting somewhere.
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I agree completely, but don't you agree that if they PR that they will be buying back shares, but are, in reality, selling shares, it would be misleading to shareholders, at best?
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quote:Originally posted by PCola77: I agree completely, but don't you agree that if they PR that they will be buying back shares, but are, in reality, selling shares, it would be misleading to shareholders, at best?
I don't think it's misleading. They never said they will not dilute, all companies dilute. He has said over and over and on live interviews that they will buy-back shares to reduce the O/S. They have to reduce the O/S in order to attract large investors and to move off the pink. Look at it like this, what does a company get out of having large investors? It not to just have a huge pps, it's to be able to offer stock options to major investors to help fund future expansion. They could just use the oil profits for future deals rather than dividends, but that would not be attractive to major investors.
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Rob, buying back shares reduces the O/S, diluting increases the O/S. You don't see a problem with doing both, but only publicizing the buy-back part?
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PCola, I don't like any dilution and I don't know of any company that has said they will dilute, but they do. I think it's deceitful to pump PRs then dilute with no future plans or buy-back promise. However, it's not as bad when they dilute and then promise to buy-back in the near future. If you look at the May 3 PR carefully, Frank sort of hint around to dilution.
May 3 ...Firstly, the oil company needed financing to obtain the processing equipment to be placed at the various sites where this inventory sits. This will be one of the terms that James Monroe Capital may have to fulfill. In addition, this may help shareholders understand the reason behind acquiring a gold asset.
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Rob, I think our difference of opinion stems from the fact that I think it's shady to say "we're going to be buying back shares" and then whisper under their breath "right after we're done diluting it into oblivion". If you think it's necessary, then that's your choice, I am simply letting others know that all is not what it seems, and this is not as simple of a ride to the top as some of you seem to be implying.
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PCola, it really depends on how much they dilute before the buy-back. I would like to think that they have stopped diluting completely, but only they can say for sure how much more and how much longer if any at all. Even if they didn't dilute any more at all, I don't think we will see a big rise in the pps until they start the buy-back or announce the dividend payout amount and date.
Maybe you wouldn't feel so taken if you had analyzed from the start, how can a small startup company with minimum assets purchase several multi-million dollar oil and gold companies. The only way I see them accomplishing this is either several large private investors putting up the cash, loans, dilution, or a combination of the three.
I'll say again, the key here that makes this a good investment is the 1) Buy-back to reduce O/S, 2) No R/S, 4) Dividend payout. This will outweigh any pre-dilution.
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quote:Originally posted by TopRob: PCola, it really depends on how much they dilute before the buy-back. I would like to think that they have stopped diluting completely, but only they can say for sure how much more and how much longer if any at all. Even if they didn't dilute any more at all, I don't think we will see a big rise in the pps until they start the buy-back or announce the dividend payout amount and date.
Maybe you wouldn't feel so taken if you had analyzed from the start, how can a small startup company with minimum assets purchase several multi-million dollar oil and gold companies. The only way I see them accomplishing this is either several large private investors putting up the cash, loans, dilution, or a combination of the three.
I'll say again, the key here that makes this a good investment is the 1) Buy-back to reduce O/S, 2) No R/S, 4) Dividend payout. This will outweigh any pre-dilution.
Not sure why I would feel "taken", but okay...
And I agree with you that if they do a buyback that decreases the O/S, (as opposed to incresing it by more then they buy back), refrain from doing a reverse split ("We are not planning to do a reverse split seems very ominous to me), and actually begin regular dividend payments, then yes, I will hop right on the bandwagon, because those would, indeed, be good things.
My point is I don't see all three happening, or even two of the three. In fact if they hit one I'd be fairly impressed.
My sole purpose in posting here is to help the newer folks see both sides of the coin, so they can make a decision based on more than company PRs, since they're virtually worthless for a pink sheet stock.
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James Monroe Capital Enters into Talks with Suitor for Wales Holding Corporation 2:10p ET May 22, 2007 (Business Wire) Frank Love, President of James Monroe Capital Corp. (Pink Sheets:JMCP), is pleased to announce that he has entered into talks with a suitor for Wales Holding Corporation. The directors of James Monroe Capital are defining a strategy with which to get the most benefit for all of the shareholders. The mining company is willing to wait for James Monroe Capital to finish its financing before it takes possession of the property.
Frank Love states, "If we accept their offer, our shareholders will receive shares in this mining company. The mining company has other assets other than our property. Specifically, they have an alluvial property located in South America that is extremely attractive and will be revenue-producing almost immediately. In addition, they are in the process of acquiring undervalued uranium assets that will make their company asset-rich. My advisors have shown me numerous reports that the price for uranium should grow exponentially in the next decade as demand for it increases due to China and India's growth as well as due to the deterioration of the environment.
"This sale will also allow our Ghanaian mine to get financed and be put into full-production and their management team can focus on that whilst ours could focus on the oil projects. We will want some executives that we have worked with in the past to be appointed as directors in the company so our interests will be protected. No decision has been made as of yet but we will keep shareholders updated.
"On another note, I am pleased to announce that I am receiving numerous calls from European Institutions that are interested in our stock. In addition, many want to have deeper discussions about them buying a larger equity position in our company. Based on the assets that we have presently and the expected revenues from our oil deals, this amount could become quite substantial."
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, the company's limited operating history and history of losses, the inability to successfully obtain further funding, 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.
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JMCP(.0001) Enters into Talks with Suitor for Wales Holding Corporation May 22, 2007 2:10:00 PM Copyright Business Wire 2007 KILLEEN, Texas--(BUSINESS WIRE)--
Frank Love, President of James Monroe Capital Corp. (Pink Sheets:JMCP), is pleased to ........
-------------------- "No nation was ever ruined by trade." Benjamin Franklin
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quote:Originally posted by matto: WOW vol getting better! maybe we can see .0003 by .0002 soon
I'd be happy with a .0002 x .0003 bid and ask,....At least at the rate of volume today we'll most likely see a billion plus shares traded....I wonder how many are airshares?
Also, sorry for the double post of the PR today....swan97, you got there first.....good job....GLTA
-------------------- "No nation was ever ruined by trade." Benjamin Franklin
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