posted
True..it dosnt look very professional...But it is a find none the less.
Its interesting to note the little green and yellow triangle symbol on the picture. The symbol belong to a bankrupt Russian oil company Yukos ( http://www.yukos.com/ ). They are in the process of auctioning off their assets!!
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James Monroe Capital Creates a Subsidiary Frank Love, President of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce the formation of a wholly owned subsidiary named "JMCP Acquisition Inc."!
Frank Love states, "We needed to create this subsidiary to place some assets in. The subsidiary was formed in the State of Florida. We needed the assets so that we could get favorable terms on our financing. The financing was used for our oil deals.
"Details of the asset placed inside of JMCP Acquisition Inc. will be announced shortly. I appreciate your enthusiasm and all will be revealed!"
Ok...if everyone is pumping $$$ into this so they can purchase who know's what why do they need financing to buy oil deals.....sounds like they need financing to buy back our shares....so where did our money go....and I was under the impression the already purchased the oil deals....then they purchased the building for thier new office.....don't you think they should of purchased the oil before the office....am I missing something here....PLease some1 shed some light here...and please no half sentences (lol)
quote:Originally posted by ayguy: True..it dosnt look very professional...But it is a find none the less.
Its interesting to note the little green and yellow triangle symbol on the picture. The symbol belong to a bankrupt Russian oil company Yukos ( http://www.yukos.com/ ). They are in the process of auctioning off their assets!!
Interesting huh?
The symbol do look the same when you look at the left side of the pyramid in the oil field. They even have their own gas stations. If it is the same company that they bought, this could really be a huge deal.
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JMCP Acquisition Inc. in Last Stage of Gold Company Acquisition
Thursday , April 26, 2007 13:12 ET
KILLEEN, Texas, Apr 26, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital Corp. (PINK SHEETS:JMCP), is pleased to announce that he is finalizing an agreement with which to acquire a Ghanaian-based Company with rights in a concession located along the prolific Ashanti Belt.
The Ashanti Belt has an overwhelming history as a region rich in precious metals and minerals. In addition, it hosts some of the largest mines in the world. Many of the producing mines along the belt run in a NE trending line with other producing mines. This infers a high expectancy of mineral rich soils that contains gold specifically in mines and concessions that lay along the trend.
The concession is currently the subject of a 43-101 compliance review to verify its positive results to date, and its current operations are headed by a world class and highly respected local geologist.
Frank Love states, "I am excited for JMCP Acquisition Inc. (a James Monroe Capital Corp. Wholly Owned Subsidiary) to acquire this company with its amazing potential."
Our new Investor Relations is Chinook Investor Relations Group LLC, http://www.chinookinvestmentgroup.com/. For more information contact Harold Engel at info*chinookinvestmentgroup.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.
posted
Wow! This is just unbelievable, first a huge oil deal and now a gold mine. That makes this stock worth more than gold $$$. It's just too good to be true. Could we be following a crazy man with no limit to his scams or could this be the works of a true business man with a plan.
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posted
don't be fooled by this stuff. This company was and always will be a scam, But you can still make some coin. I have been buying for 3 years lol i think this one will be my next cash cow! if not i have wasted $11,000 in profits from other winners! well gl and see you when she rolls!
-------------------- Trading is a blast!!
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James Monroe Capital Corp. to Form a Shareholder Royalty Trust - BusinessWire James Monroe Capital Corp. (PINK SHEETS:JMCP) President Frank Love states, "With recent developments concerning the enormity of the Oil deals and the creation of a subsidiary and several Joint Ventures with ongoing concerns reaching as far as Russia, we are about to embark on a path that will directly affect every current James Monroe Capital corp. investor and I want to properly identify each and everyone of them, to ensure each receives their fair portion of any and all yields from this investment. By forming a JMCP Royalty Trust in which to put JMCP shareholders of record, the Company can move forward with the confidence in knowing no one was left behind. A trust account is being set up with a major World Wide brokerage firm to encapsulate the entire James Monroe Capital Corp. shareholder base. The Date of Record for capturing the JMCP shareholder of record list is currently set for Friday, June 1st, 2007."
Love further states, "This is a very special time for James Monroe Capital Corp., it's Subsidiary JMCP Acquisitions Corp., Joint Venture Partners, and most of all its loyal shareholders. I want to make certain everything is done right; the deals we have now closed and the ones we will close in the very near future are testament to the iron clad steel resolve of James Monroe Capital Corp.!"
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 results to differ, including, the company's limited operating history and history of losses, the inability to successfully obtain further funding, 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.
posted
Royalty trust: From Wikipedia, the free encyclopedia
A royalty trust is a type of corporation usually involved in mining. It is taxed according to special regulations, whereby its profits are not taxed at the corporate level provided a certain high percentage (e.g. 90%) of profits are distributed to share holders as dividends. The dividends are then taxed as personal income. This system, similar to real estate investment trusts, effectively avoids the double-taxation of corporate dividends.
Royalty trusts typically own oil or natural gas wells, or the mineral rights of wells. Corporate shares generally trade on the public stock markets. They are a powerful investment tool for people who wish to invest directly in oil or natural gas, but who don't have the resources or risk-tolerance to buy their own well. Additionally, since trusts often own numerous wells, they represent a convenient way for the average investor to diversify investments across a number of properties.
Royalty trusts often attract investors with their relatively high yields. This makes the shares sensitive to interest rates, as share prices are likely to decline in periods of rising interest rates, and to rise when interest rates fall.
Royalty trusts are found in Canada and the United States. Canadian royalty trusts, called CanRoys, typically trade on the Toronto Stock Exchange, while some of the larger trusts also trade on the New York Stock Exchange. CanRoys usually offer higher yields than U.S. trusts; for non-Canadian investors, this higher yield is somewhat reduced by a foreign tax withholding that is absent in the U.S. trusts.
Royalty trusts were created by T. Boone Pickens in 1979 in response to the difficulty that Mesa Petroleum had in replenishing its oil reserves. Through royalty trusts, he was able to substantially decrease his amount of effective reserves and avoid the difficulty of replenishing them.
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Royalty trusts are not companies. They have no operations, no management. They are essentially financing vehicles that hold operating assets for others, typically the shareholders. Unlike ordinary businesses, almost all cash flows generated by these trusts are passed directly on to shareholders, either in the form of dividends or return of invested capital.
The most well-known publicly traded trusts are REITs (real estate investment trusts), but others abound. Many provide shareholders a cut of royalties on, among other things, equity/bond portfolios or the production and sales of a natural resource. Our focus today is on the latter -- trusts that pay royalties based on the cash flows generated by exploiting a natural resource. The majority harvest oil, gas, minerals, or timber, or some combination thereof.
posted
Good definition find New_Venture. That's why we could get rich down the road. Frank seem to be doing everything right this time around and in the best interest of the shareholders. They have stated that their plans are: 1) No R/S, 2) Buy-Back shares to increase the share value, 3) Move to AMEX or Nasdaq Exchange.
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James Monroe Capital Enters into Talks with an Oil Company For a Possible Joint Venture
May 3, 2007 11:59:14 (ET)
KILLEEN, Texas, May 03, 2007 (BUSINESS WIRE) -- Frank Love, the president of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce that James Monroe Capital has entered into talks with an oil company that has up to $270 million dollars of unrefined crude. The value of this inventory has not been realized due to two factors.
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.
Secondly, the oil company needed the technical expertise through a solution in obtaining the oil from its present state. Frank Love states, "We are based in Texas (The Big Oil Patch) and with my knowledge and that of my contacts, we have helped to obtain the solution to this Company's rather complex problem."
Details will be announced in the very near future once the deal has been finalized.
Frank Love states, "This is an extremely exciting time for James Monroe Capital, its Subsidiary and its Loyal Shareholders. We could potentially have significant revenues."
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 Corp.
James Monroe Capital Corp., Killeen Frank Love, 254-458-0473
posted
That good news. They will use proceeds from the gold mine to fund the oil deal. I hope this means no more dilution. This stock could really shoot to the moon now.
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James Monroe Capital Enters into Talks with an Oil Company For a Possible Joint Venture 11:59a ET May 3, 2007 (Business Wire) Frank Love, the president of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce that James Monroe Capital has entered into talks with an oil company that has up to $270 million dollars of unrefined crude. The value of this inventory has not been realized due to two factors.
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.
Secondly, the oil company needed the technical expertise through a solution in obtaining the oil from its present state. Frank Love states, "We are based in Texas (The Big Oil Patch) and with my knowledge and that of my contacts, we have helped to obtain the solution to this Company's rather complex problem."
Details will be announced in the very near future once the deal has been finalized.
Frank Love states, "This is an extremely exciting time for James Monroe Capital, its Subsidiary and its Loyal Shareholders. We could potentially have significant revenues."
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posted
The major investors are afraid to get in at this level thinking this may be a scam, but once they realize that this is for real we are going to see a big run. At this time JMCP is not trying to pump it up too much so that they can buy back as many .0001 shares as they can.
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This could be an interesting play before summer?
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