posted
I also hope this does something - even .0002 would be a start but saying that the o/s for this is way too high and i think in the not to distant future we will see a R/S.I would hate to see it.
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I think it's worth the risk, so in a few days we'll find out once and for all if JMCP and Frank Love is a scam or not. If he gets the oil deal, we'll all make $$$ and Frank will be a hero. If the deal fails I would say we have been scam'ed again, take the loss and move on.
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The loss as TopRob states is no big deal. I don't even mind risk it's actually good at times. This is crazy, this company is going to cut there own throats here soon. You can only play people for a fool for so long!
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I've been in this for over a year now. I see we're looking to get into oil now. I don't care what it is, just make up your mind and move this stock UP!!!
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James Monroe Capital Shareholders Vote for Conditional Buyback
Mar 13, 2007 08:51:01 (ET)
CHICAGO, Mar 13, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) announces that a shareholder majority has voted and signed an agreement approving a stock buyback, subject to the company closing a pending joint venture oil deal for income.
The signed agreement also has provisions that prohibit management from doing a reverse stock split for 2 years, and states that part of the income from the oil venture has to be used to buy back its own securities, in the market, in accordance with the state and federal securities rules and regulations governing such buybacks.
The company is now working to get the joint venture agreement signed, and then to close on the oil deal itself, which requires private funding, and some financing.
The company wishes to emphasize that it aims only to please its long-term partners. The company growth strategy involves long-term growth. James Monroe Capital is a company which seeks-out unusual bargains. The company website is at www.jamesmonroecapital.com
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!
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maybe i'll get in 2m and hope this moves. If there's no r/s in next 2 years. It's either gonna move, or just sit tight and my money's stuck there for 2 years. More inclined to see this do at least some movement to get my money back out, or a quick double+ up
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everybody want to make a quick double but this stock had never move for the last year. so good luck to you, i can sell you mine! 5M at .0001! impossible to sell at .0001 for 4 months now
-------------------- dont drink and drive!!!
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egg shells. they can't cover this tab. The oil deal is good but if they keep allowing the stock to deluite it will never be anything.
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quote:Originally posted by Yankee: egg shells. they can't cover this tab. The oil deal is good but if they keep allowing the stock to deluite it will never be anything.
The buy back will be good because it will minimize the number of shares outstanding (i.e. have the opposite effect)
-------------------- You can't afford to risk, what you can't afford to loose.
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