quote:Originally posted by New_Ventures: 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."
how can they buy back 40+ billion shares with NO MONEY!!,more likely getting ready to flee the country to avoid prosecution for securities fraud!!!! LOL!! JMO!!
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Big Gamble BIGDAN - This has done nothing in a long time.If you can get out at .0002 that would be good but the amount of shares outstanding i see a R/S before you can get out at .0002
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If they bought back 30B for $6M at .0002 that would help. What's the chance of that happening though. The dividend will be the money pot here.
Then again, if this is a total scam, it wouldn't matter what they did. We would still be screwed. All we can do at this point is hope that Frank and crew is on the right legal track this time.
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I LIKE TO GAMBLE ONCE IN A WHILE....BUT I WANTED AN EVEN 6 MILLION....I'M HOPING FOR A BUCK BUT WOULD SETTLE FOR A DIME....I'VE BEEN HOLDING THESE DAM THINGS FOR ALMOST A YEAR NOW....I HOPE IT'S NOT A SCAM BUT IF IT IS IT'S NOT A TOTAL LOSS...IT'S ALL BEEN FREE TRADES FOR A WHILE NOW
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JMCP Corp.: June 14, 2007 (Pink Sheet: JMCP) Frank Love comments on the Economics of the Joint Venture for the Enhanced Oil Recovery of Stripper Wells
Jun 14, 2007 (M2 PRESSWIRE via COMTEX News Network) -- Frank Love, President of James Monroe Capital, is pleased to provide shareholders with a glimpse of the business model for the enhanced oil recovery of stripper wells.
We are looking at an area that has 15,000 marginal or non-producing wells. These wells will be acquired at a significant discount, as well as many others due to the following: neglect; small, independent owners lacking resources; financial inability of owners to invest in rehabilitation; lack of access or knowledge of new technologies; desire to exit given current market prices for oil; and other reasons given specific to each lease.
Research indicates significant acquisition opportunities will continue to exits primarily because the major energy companies and large independents continue to focus their attention and resources toward the discovery and development of large fields. During the past several years, the major companies have been divesting themselves of their mature fields.
The Joint Venture technologies that will be applied increases production from 300% to 1000%. We have a target of treating up to 20 new wells per month by each two-person crew. The technology that will be used to increase this production uses the following:
1) Pressure - when pressure is applied to wells, oil production can increase significantly.
2) Chemical - when chemicals are applied to the well, they can dissolve paraffin and waste materials which have been accumulating in the well bore and the fracture over the course of operating the well. This build-up prevents the oil from flowing into the fracture and the well bore.
Surfactants have the ability to reduce the surface tension between the oil and the rock.
3) Thermal - Heat has the ability to lower the viscosity of the trapped oil, there by making it easier to extract.
The Joint Venture should be self-supporting after the first year of operations. Based on the numbers that we have seen our rate of return based on our initial investment should be 50% for the next five years.
Mr. Love states, "I look forward to continue updating shareholders as James Monroe Capital Corp. continues to move forward with our JV partners."
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JMCP Corp.: CORRECTION -- (Pink Sheet: JMCP) Frank Love comments on the Economics of the Joint Venture for the Enhanced Oil Recovery of Stripper Wells
Jun 14, 2007 (M2 PRESSWIRE via COMTEX) -- Frank Love, President of James Monroe Capital, is pleased to provide shareholders with a glimpse of the business model for the enhanced oil recovery of stripper wells. We are looking at an area that has 15,000 marginal or non-producing wells. These wells will be acquired at a significant discount, as well as many others due to the following: neglect; small, independent owners lacking resources; financial inability of owners to invest in rehabilitation; lack of access or knowledge of new technologies; desire to exit given current market prices for oil; and other reasons given specific to each lease.
Research indicates significant acquisition opportunities will continue to exits primarily because the major energy companies and large independents continue to focus their attention and resources toward the discovery and development of large fields. During the past several years, the major companies have been divesting themselves of their mature fields.
The Joint Venture technologies that will be applied increases production from 300% to 1000%. We have a target of treating up to 20 new wells per month by each two-person crew. The technology that will be used to increase this production uses the following:
1) Pressure - when pressure is applied to wells, oil production can increase significantly.
2) Chemical - when chemicals are applied to the well, they can dissolve paraffin and waste materials which have been accumulating in the well bore and the fracture over the course of operating the well. This build-up prevents the oil from flowing into the fracture and the well bore.
Surfactants have the ability to reduce the surface tension between the oil and the rock.
3) Thermal - Heat has the ability to lower the viscosity of the trapped oil, there by making it easier to extract.
The Joint Venture should be self-supporting after the first year of operations. Based on the numbers that we have seen our rate of return based on our initial investment should be 50% for the next five years.
Currently the wells produce approximately .1 bbls/day, and our goal is to achieve production of at least 1 bbl/day after refurbishment and treatment of the wells. The Joint Venture is targeting the acquisition of about 1000 wells within the next 12 months and once all have been refurbished should be producing on average 30,000 bbls/month or at today's market prices of approximately $60.00/bbl, generate $1,800,000 per month. It will take time and money to build up to this level, but we are confident of achieving these targets.
Mr. Love states, "I look forward to continue updating shareholders as James Monroe Capital Corp. continues to move forward with our JV partners."
posted
I wonder just where is he going to get all that money from to fund the refurbishing. I think the shareholders has been milked dry by now. But wait, isn't that's what the Gold mine was for.
If he wants shareholders to continue buying, he needs to stop diluting and let the pps rise some. Right now it's begining to look like an over bloated toad.
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JMCP Corp.: (Pink Sheet: JMCP) James Monroe Capital Receives a Letter of Intent for Wales Holding Corporation
Jun 19, 2007 (M2 PRESSWIRE via COMTEX News Network) -- Frank Love, President of James Monroe Capital, is extremely please to announce on Friday afternoon, June 8th, 2007, he received a letter of intent concerning Wales Holding Corporation.
Mr. Love states, "The directors of the mining company that have the Guyanese property are eagerly motivated to merge their mining assets to create a single, large mining company which will be geographically diversified."
Mr. Love is pleased to inform shareholders, "If this merger takes place James Monroe Capital's shareholders will receive 30% of the merged company. We will negotiate to have this 30% to be non-dilutive. In other words, if any other shares are issued in the future from this combined company, James Monroe Capital has to consistently have 30% of the combined company so more shares will have be issued to James Monroe Capital also."
Mr. Love states, "This is an exciting time for our shareholders. If we take this path, our shareholders will receive a stock-dividend of the combined company within weeks. When Wales Holding Corporation was acquired to help in the financing of the oil projects I did not realize that there would be so much interest. Once my management team and I decide on the direction that we will be heading we will be able to devote all of our time and energy to our various oil projects."
Mr. Love states, "I look forward to updating shareholders."
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So here is my question. When I bought this stock in Aug 05, we were going to do Hurricaine Katrina clean-up which never happened. Then we were going to build condos and a casino in Costa Rica, which I guess we never did. Then we went into the ethanol business. Now here we actually had ethanol plants. As a stock holder, didn't I own a piece of this ethanol plant? If we are now buying sludge pits and mines, are we out of the ethanol business? I wasn't even able to fill my tank. Was there an press release telling me I didn't own ethanol anymore?
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This has to be a scam. What happened to the ethanol plants? All we get is how the next new buisness venture is going to be the greatest. they can't get off the bottom and you can't sell it either. what the heck>>>>>>>>>>>>>>>>>>
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I believe that is what the former ONYI stock is....that is the company that owns the small company called Diversified Ethanol. That might have changed but I believe they are somewhat in the control of JMCP. ANYBODY????
-------------------- 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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wow gone fron being one of the most talked about stocks on the board to nothing in a couple of days....we will see how this stock ios by the next couple of days....think we will see any of those so called distributions?
-------------------- 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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Saturday is the extended Royalty Trust date. If they slip this date again without a good reason, I guess it will be time to start worrying if we've been scammed or not. I'm, hoping that things are going ok and to be suprised with a big fat dividend next month.
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I CAN'T WAIT TO SEE THE NEWS ON THIS AFTER JUNE 30TH......I'LL BET ANYONE A MILLION SHARES THAT EITHER THE DATE GET PUSHED UP AGAIN OR OUR DIVIDENDS EQUAL 1 CENT PER MILLION
THIS IS PROBABLY THE ONLY WAY TO GET RID OF THESE.....BET'EM.......
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WHERE'S ALL THE NEWS.....LATEST NEWS FOR THIS WAS JUNE 19TH...ANYONE KNOW WHAT'S GOING ON HERE...IT'S JULY 2ND...2 DAYS AFTER JUNE 30TH...YOU KNOW THE DATE THE R/T DIVIDENDS WERE SUPPOSED TO HAPPEN.....I HATE TO SAY AGAIN AND KEEP RUBBING IT IN BUT....I THINK WE ALL GOT SCAMMED....AND SOME PEOPLE ARE LIVING GOOD AND FAT....
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If the RT was actually setup Saturday, we probably wouldn't know anything for a few days. I would expect to get a letter or something, but we may only find out when announced in a PR or a dividend is paid out.
Two huge trades this morning, 17.5M and 25M, so something is still going on.
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NOW HERE"S A BELATED BIRTHDAY GIFT FOR SHAREHOLDERS.....Frankie did it
JMCP Corp.: (Pink Sheet: JMCP) JMCP Acquisition Inc. Receives the Florida Certificate of Merger for Wales Holding Corporation
Jul 05, 2007 (M2 PRESSWIRE via COMTEX News Network) -- Frank Love, President of James Monroe Capital, is pleased to announce James Monroe Capital's subsidiary, JMCP Acquisition Inc., has received a Florida Certificate of Merger for its acquisition of Wales Holding Corporation.
The merger process between JMCP Acquisition inc. and Wales Holding Corporation took slightly longer than anticipated but it is finally complete. In addition the Ghanaian property that is now owned by James Monroe Capital has received a great deal of attention. Shareholders will be receiving a stock dividend once we have successfully merged with another mining company.
Mr. Love comments, "Details of the stock dividend will be announced, with a record date, hopefully in the next few weeks. I ask shareholders to exercise patience once again."
About James Monroe Capital Corporation
James Monroe Capital Corporation is a publicly traded holding company 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 JMCPCorp will soon be announcing to its shareholders. Over the next 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.
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