posted
Maybe we have alot more going on behind the scenes than we know. SPRL just released the following, and I would bet that JMCP is the partners mentioned.
SPRL LOI w/ PRRY Remediation of Oil Sludge Russian Federation Thursday June 7, 3:55 pm ET
TORONTO--(BUSINESS WIRE)--Strat Petroleum, Ltd. (OTC:SPRL - News), an emerging exploration and development company focusing on oil and gas opportunities in the Russian Federation, today announced that it has signed a letter of intent with Planet Resource Recovery, Inc. (Pink Sheets:PRRY - News), developer, manufacturer and marketer of the PetroLuxus(TM) family of products, to negotiate a contract for the deployment of PetroLuxus(TM) and its proprietary processing technology in the Russian Federation and former CIS countries. The first step will be to design and build a prototype plant that Strat and its partners will test at one or more locations it is securing, and then build a full scale plant that could process approximately 3,700 bbls per day.
During a visit to the Planet Resource Recovery plant, where the application of some its technologies were demonstrated, Sam Hyams, President of Strat stated "this solution is what we have been searching for, as it can treat the most difficult to separate oil sludge." Strat is also pursuing more conventional technologies to process more pure oil waste, at sites it is currently negotiating to secure. More details of the agreement and relationship with Planet Resource Recovery will be disclosed once agreements have been signed.
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Sad thing is they charge you commission on it, so you're our the $10 or whatever and would have been better off not selling anyway. Damn brokers.
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Actually, Schwab is very good about it, they don't charge me a commission unless I net a certain percentage of the shares owned. Like I will only get charged if I sell at least 100,000 shares. I've had good luck with Schwab.
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Jun 08, 2007 (M2 PRESSWIRE via COMTEX) -- James Monroe Capital (Pink Sheet: JMCP)
James Monroe Capital is very pleased by new developments with its future joint venture with Strat Petroleum, Ltd., to process waste oil in the Russian Federation.
Frank Love, President and CEO of James Monroe stated, "I am very excited by the LOI signed between Strat Petroleum, Ltd. and Planet Resources Recovery Inc. for use and representation of the PetroLuxus family of products in the Russian Federation."
James Monroe is looking forward to the potential use of Planet Resource's technologies. Planet Resource technologies will enhance the joint venture by significantly increasing daily processing capacity of waste oil. Also, Planet Resource's technologies can be used in future application of other solutions to similar environmental situations.
Mr. Love was very excited by the statement made by Sam Hyams President & CEO of Strat saying "the PetroLuxus product line will allow our joint venture to treat a much larger range of waste oil compounds."
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JMCP Corp.: (Pink Sheet: JMCP) Additional Information on Joint Venture for Enhanced Oil Recovery of Stripper Wells
Pink Sheet: JMCP, Jun 08, 2007 (M2 PRESSWIRE via COMTEX) -- Mr. Frank Love, President of James Monroe Capital, is pleased to provide additional information on a Joint Venture for the enhanced oil recovery of Stripper Wells.
Mr. Love states, "We signed this joint venture about a month ago. The joint venture partner wants to remain anonymous for now since they are in the process of purchasing stripper wells for both parties involved. Once this purchase of stripper wells is complete we will add our enhanced oil-recovery techniques enabling more oil production from the existing wells."
Mr. Love is also happy to state, "Once this purchasing process of wells is complete James Monroe Capital Corp. should have an immediate cash-flow for our company in a relatively short time frame."
Stripper Wells
Stripper wells, often known as marginal wells before 1960, often produce less than 10 barrels per day. However, they are economic necessity for the United States since they produce more than 17% of all the oil produced onshore in this country.
Existing Oil Fields
The existing, mature oil fields that will be acquired and then the enhancement process added will result in increased production ranging from 300% to 1000%. The portfolio of oil properties that can be acquired will provide ample opportunities for us to apply our techniques. We anticipate getting interest from other owners of stripper-wells once our success is documented.
Mr. Love states, "I will be announcing details once the stripper wells have been acquired and our Joint Venture Partner gives us permission to reveal their identity".
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JMCP Corp.: (Pink Sheet: JMCP) James Monroe Capital offered a Pink Sheet Shell for Wales Holding Corporation
Jun 12, 2007 (M2 PRESSWIRE via COMTEX) -- Mr. Frank Love, President of James Monroe Capital, is pleased to announce they have received an offer for Wales Holding in which Wales will be spun off and placed in a publicly trading Pink Sheet shell. The shell-owner wants a mineral project in this shell and has chosen Wales Holdings among many other potential candidates. Mr. Love states, "This is an excellent opportunity for James Monroe Capital and our shareholders. With James Monroe Capital's extreme growth it is not feasible for James Monroe Capital's current management to take on such a potential large mining company. If we decide to move Wales Holding into the shell we will elect qualified directors to manage the company taking the mine to production status. In addition, if we decide to move Wales Holding into the shell, shares will be dividend to shareholders similar to the way Original New York was dividend to the James Monroe Capital shareholders."
At this time James Monroe Capital has not made a firm decision to move Wales Holding into the shell but is diligently exploring all options. Our decision will be announced in the very near future. Mr. Love states, "These are very exciting times for James Monroe Capital and I expect shareholders will be extremely satisfied with our direction in the near-term."
Mr. Love also states, "I was unable to be reached last week because I met with a group of potential shareholders in Florida. This group of potential shareholders expressed an interest in buying blocks of stock from James Monroe Capital. However, I refuse to dilute James Monroe Capital any more than has already taken place so they are looking to purchase stock through the open-market."
About James Monroe Capital Corporation
James Monroe Capital Corporation is a publicly traded holding company (symbol JMCP) that focuses on acquisitions, start-ups and oil ventures around the globe. The company solicits purchase contracts in the oil sector for stable income to build shareholder value. These efforts are "opportunistic and time-sensitive deals" often involving distressed situations where other parties have something very valuable they are about to lose entirely or economically not practical for larger companies. These are the type of acquisitions or buyouts JMCP will soon be announcing to its shareholders. Over the next 3 to 12 months JMCP shareholders will experience a totally remade James Monroe Capital Corporation focused in the Oil sector, Gold sector and Uranium sector.
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.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2007 M2 COMMUNICATIONS LTD
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-------------------- "No nation was ever ruined by trade." Benjamin Franklin
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sounds great. I hte to use the word hope but that is all i can do at this point....I hope what they are telling us is truthful. If this is the case and the shareholders in florida are going to purchase open market shares...the the pps should start to move in an upward direction.
-------------------- I wish aliens would come down from space & make me thier pet I would like a bed with my name on it
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Don't expect for it to leave .0002 to quickly. It's probably a ton just looking for a double. I'm holding for a $1.00 or at least a dime.
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JMCP Corp.: (Pink Sheet: JMCP) Frank Love Comments on the Economics of the Joint-Venture with Strat Petroleum
Jun 12, 2007 (M2 PRESSWIRE via COMTEX) -- Frank Love, the President of James Monroe Capital, is pleased to provide an update on the financial viability of the joint-venture with Strat Petroleum for the processing of oil sludge in the Russian Federation. Our estimates as previously stated are to process 3700 barrels of sludge per day multiplied by 30 days then in a month we could process 111,000 barrels.
We expect recovery of up to 96% of the hydro carbons in the sludge which for some of the richer sludge reservoirs we are pursuing could mean at 75% plus of oil recovery; however for our calculations we will use 50% oil recovery sold at local prices. Therefore, in a month the total revenues in this JV should be at least $1,000,000.
The gross profit expected is approximately 50% giving the JV approximately $500,000 a month of which 40% will belong to James Monroe Capital or $200,000.
PetroLuxus Solution
The real benefit of the PetroLuxus solution is the ability to scale up operations with minimum investment, thus multiplying the monthly cash flows by several hundred percent.
Royalty Trust
James Monroe Capital's share of the monthly cash flow will be placed in the Royalty Trust to pay out as dividend and it also will be used to buy back as much stock as possible at prevailing market prices.
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quote:Originally posted by New_Ventures: HERE IT IS !!!!!
JMCP Corp.: (Pink Sheet: JMCP) Frank Love Comments on the Economics of the Joint-Venture with Strat Petroleum
Jun 12, 2007 (M2 PRESSWIRE via COMTEX) -- Frank Love, the President of James Monroe Capital, is pleased to provide an update on the financial viability of the joint-venture with Strat Petroleum for the processing of oil sludge in the Russian Federation. Our estimates as previously stated are to process 3700 barrels of sludge per day multiplied by 30 days then in a month we could process 111,000 barrels.
We expect recovery of up to 96% of the hydro carbons in the sludge which for some of the richer sludge reservoirs we are pursuing could mean at 75% plus of oil recovery; however for our calculations we will use 50% oil recovery sold at local prices. Therefore, in a month the total revenues in this JV should be at least $1,000,000.
The gross profit expected is approximately 50% giving the JV approximately $500,000 a month of which 40% will belong to James Monroe Capital or $200,000.
PetroLuxus Solution
The real benefit of the PetroLuxus solution is the ability to scale up operations with minimum investment, thus multiplying the monthly cash flows by several hundred percent.
Royalty Trust
James Monroe Capital's share of the monthly cash flow will be placed in the Royalty Trust to pay out as dividend and it also will be used to buy back as much stock as possible at prevailing market prices.
when will they start??? strat petroleum is still negotiating the rights to this sludge. they also are IN THE PROCESS of designing prototype processing equiptment with the company whos technowledgy they will be using. this whole deal seems to have a LONG way to go before they start getting any revenue, if it happens at all!!!
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quote:Originally posted by TopRob: Don't expect for it to leave .0002 to quickly. It's probably a ton just looking for a double. I'm holding for a $1.00 or at least a dime.
For the love of god, please tell me you're kidding.
This virtually tells the whole story (from their website)
Our structure
Information provided here is accurate as of December 7, 2006 according to the transfer agent.
45,807,012,880 Total Outstanding 50,000,000,000 Authorized 27,567,260,336 Free Trade 18,239,752,544 Restricted
What would merit 10 cents, let alone a $1.00?
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Bilbert, have you been reading the PR's from the past 2 or 3 months? In the current state of JMCP you would be lucky to see a solid .0002, but my hopes of seeing 10 cents is assuming every thing goes as they say. They state to 1) Pay dividend in the RT, 2) Buyback billions of shares, 3) No R/S. If that all happens it will surely move into the pennies.
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quote:Originally posted by TopRob: Bilbert, have you been reading the PR's from the past 2 or 3 months? In the current state of JMCP you would be lucky to see a solid .0002, but my hopes of seeing 10 cents is assuming every thing goes as they say. They state to 1) Pay dividend in the RT, 2) Buyback billions of shares, 3) No R/S. If that all happens it will surely move into the pennies.
I have read the PRs and I'm sorry to say I don't believe any of it. Yes, if they 1) reduce the o/s to below say 1 billion with a buyback 2) offer a REAL (non stock) dividend and 3) do not reverse split- then I might see them move- but that's a lot of IFs- and to say that it would go into the pennies- well that's awful farfetched.
I have not seen any financial statements (it's a pink, so they don't exist), but here's a quick exercise- estimate the value of the company, divide it by the number of total shares and multiply that number by say 10 or 20 (in the real stock world I use 2-5, but pennies are different)- be generous and use 20. I would use that as your possible maximum share price for now. I really doubt that would be in the pennies... sorry. just my opinion.
I know you're a shareholder- and I wish the very best for you. But I honestly don't see it. I would love to be surprised and see you bathing in Benjamin Franklins- but me, I'll pass on this one.
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JMCP Corp.: (Pink Sheet: JMCP) Possible Listing on another Major Exchange
Jun 13, 2007 (M2 PRESSWIRE via COMTEX News Network) -- Frank Love, the President of James Monroe Capital, is pleased to announce that he has cancelled his agreement to purchase the building that is home to James Monroe Capital.
The two reason for this are as follows:
1) I believe James Monroe Capital shareholders will get more return on their equity with the oil projects we are involved with at this time. Recently shareholders were given details on the economics of the joint venture with Strat Petroleum.
2) We are getting offers to list on other major exchanges once our shares outstanding have been reduced through the buyback. Therefore, we might have to re-domicile to another country for both tax-purposes and listing requirements.
Mr. Love states, "I will keep shareholders updated if we re-domicile to another country."
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Maybe we have alot more going on behind the scenes than we know. SPRL just released the following, and I would bet that JMCP is the partners mentioned.
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Hope this helps.....
