AS: 1.5 billion (as of 17th July 2007) OS: 231,552,123 ( as of 13th July 2007: this figure has increased) Float: 77,130,234 (this figure has increased)
• Management: The senior management team consists of former GMAC Mortgage staff. This group has over 50 years experience in mortgage financing (see website for resumes).
insider ownership - 158,029,889 or 68.25 % of OS shares (old O/S)
The O/S we beleive has recently changed and has increased. The 1st HCPC share holder meeting is thurs oct18th, this week. We should know at that time how much it has increased.
Their story is, they have a 300 million commercial real estate loan that could be announced any time soon. They loan this out and receive from what I understand, a quick 5% back on the loan. Getting this first loan will initiate a 400 million loan shortly after, which those who've been in this for a while say is a pretty sure thing, once the first loan comes thru. They have also been informed that the ceiling on these loans will have been increased, possibly from 700 million to 1 billion. They have also announced in the recent PR, that they are possibly opening a bank as well. The recent PR states that an Reverse Split is not in the plans, and only would happen if they uplisted. They also said that they will initiate a buy back. The 300 + 400 million loan will give HCPC management $35 million to work with pretty quick. With this, they can open a bank and initiate the buy back, sicne they are making %5 on the loan. If it's ceiling is raised to 1 billion it would be 50 million $ to work with. I beleive when they get this 300 million first installment, there will be a short time frame and then the other 400 million will come. During this in between time, HCPC has the potential to be a monster ***********, as the expectations for the other 400 million to come would bring in huge buying. They are filing with pinksheets.com, though not an OTCBB yet. At .0004 PPS and with 35 million$ coming and the O/S possibly around 400-600 million (will know end of this week the true o/s since being increased), we are looking at an incredibly undervalued play here. At .0004 X 600 million o/s = $240,000 market cap.....just rediculous on this when those loans come thru, instantly netting the company $35 million. If the O/S becomes 1 billion (which we doubt) at .035 PPS, the market cap would be $35 million, so at .0004, with a 1b o/s, this is still an incredible deal. The market cap would then be $400,000 on $35 milion........ 8D I don't think the o/s is near that and the volume action lately says so. It is very hard to get .0003 shares. I've been trying all this week and closer to the end of the week, it has been harder to get those, so I've been picking up .0004 shares. I am in this long, till it hits into the pennies and is no longer a subber. Yes, this is risk, but this is life changing money for when those loans come thru.
The BAD :
There is an article out of a woman who claims was ripped off by the company. The company has responded by stating that they haven't ripped her off, but the loans have simply taken longer than anyone had imagined, so looks like someone who invested with them lost patience and went to the media with it.
It is possible these loans may not come thru, but from the recent PR, stating that revenue will be generated by the end of the year, we think they already know they are coming thru, so, yes, a risk here, but to me, at .0004, the good far outweighs the bad. The risk/reward here is phenominal - from .0004 to .03 is a 75 bagger and here at .0004, we all who are in this beleive this is the true bottom.
-------------------- GSUS - Eternal 100 Bagger! HCPC - my favorite potential into December Posts: 525 | From: nashville | Registered: Jun 2005
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posted
"The Company's plan includes using 35% of its income following each project funding to buy back stock."
35m to 50m will come in from loans, on the 5% of the 700m to 1B laons. on the first 300m loan, 15m will come in, 35% of 15m is $5.3 million towards the buy back. 35% of the the other 5% of the 400m 2nd loan is 7 million, for a total of 12.3 million used towards the buy back.
Put it this way, if they were to use the 12.3 million to buy back shares at say .003 per share average, it would b 4.1 billion shares........ LOL.......... I don't think the PPS will be staying near .003, since the O/S is probably closer to 400-600m o/s.
Do you see the potential of this....it is amazing!
-------------------- GSUS - Eternal 100 Bagger! HCPC - my favorite potential into December Posts: 525 | From: nashville | Registered: Jun 2005
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missed me Bill. Keeping my order for 4 though just in case.
good luck
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
try taking off the all or none and let them fill it as they wish, that might help.
this is eventually going to .03, so I'm in long on this......that is, if the loans come thru, which sound like they are by the last PR, saying they will be generating revs by the EOY
nice move today......I think the only way to make big money on this is play it long into the big expectations that have just started to roll on this.
-------------------- GSUS - Eternal 100 Bagger! HCPC - my favorite potential into December Posts: 525 | From: nashville | Registered: Jun 2005
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posted
lol we'll see. I'll take some at .0006 though and we'll see if i get some .0004s
what is a $1Bm anyway? I'll take a chunk of that too while we're at it! Good luck WB and thanks for the alert!
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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Looks liek today we did some consolidation at the 5s.
my guess is that if tomorrow alot of 4s or 3s go thru, the company still has some shares they are selling. If we stay up here at the 5s, we're gonna be moving up. My big thing is, with the share holder meeting, we are gonna get an official updated share count from the company. I wanna see the new O/S under 1 billion. I think it could be around 400-600 million now. In July it was 231,000,000, so with the stock's action these last 2 months, I don't see the o/s more than that, but we'll see. Once the events of this stock start happening, it will be an exciting time becasue the head room for this to run is pretty big/ according to my math above on the buyback and the worth that come sinto this.
-------------------- GSUS - Eternal 100 Bagger! HCPC - my favorite potential into December Posts: 525 | From: nashville | Registered: Jun 2005
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
yes, I am patient with this. I'm long and strong on this one....just too many events coming into this one to cash out on the first blip up. My price target, if all goes well on this is .03, possibly more.
these next few days are gonna be really interesting becasue of all the new info we're gonna get at the share holder meeting, plus HCPC going to that expo in NYC. I think we are gonna see some money move into this soon.
-------------------- GSUS - Eternal 100 Bagger! HCPC - my favorite potential into December Posts: 525 | From: nashville | Registered: Jun 2005
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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stll no 10k's yet on the LIIs so this could even see 3 again. JMO. Sometimes I see NITE control the B/A with their all mighty 10000. lol
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
you don't understand....I need to make this one more clear. Not only is a reverse merge coming to this, but before all that, the PR with some DD says, there is a number of significant events that are gonna hit this stock going into the reverse merge.....
some of the events are
the 300 million loan
the 400 m loan
the ceiling on these loans being raised to possibly 1 billion
the buy back
then the merge into the bank that's funding this
HCPC makes 5% off of the 700 m in loans coming in.
that's $35 million instant cash once approved..... of that, they are using 35% for the buy back, which is 12.3 million dollars...... 12.3 million dollars can buy them 4.1 billion shares at .003...
CAN YUO SEE IT! 12.3 MILLION FREEKING DOLLARS GOING INTO A BUY BACK, THEN THE REVERSE MERGE COMES!
FREEKING INSANE! This is the next SWVC.....we have a long sustained run ahead of us and at .0005, you can;t get much lower than that, so this is a great time to get in and hold for nov-dec events coming.
-------------------- GSUS - Eternal 100 Bagger! HCPC - my favorite potential into December Posts: 525 | From: nashville | Registered: Jun 2005
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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I gotta nuff 4s now. lol couldn't get the 3s may have been too impatient.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Heritage Capital Credit Corporation Describes BCLOC Friday October 19, 3:04 pm ET
WILMINGTON, Del., Oct. 19 /PRNewswire-FirstCall/ -- Heritage Capital Credit Corporation (Pink Sheets: HCPC - News) responded to questions at its Annual Shareholders' Meeting held on October 18, 2007. The number one key question that continues to be asked is "What is the BCLOC and how does it work?"
To address this question and to fully describe the BCLOC in plain language, the following is a comparison of the BCLOC with other lender funding.
In this example, Jane Doe has a business plan and wishes to acquire a commercial asset project (an office building, shopping center, hotel, apartment building, etc.) -- in this case an office building with a price tag of $10 million.
The Other Lender Route will necessitate finding a bank or other lender who qualifies her for a loan of perhaps 80% of the commercial asset project, with a down payment of 20% from Jane's pocket. She will need the services of a real estate lawyer.
What can go wrong after funding? Jane could face default and lose her 20% down payment along with her asset because of insufficient income from the project over several months' time or because of problems with her business plan, and may need to secure a second mortgage to secure cash flow for the project and to make payments on the first loan. Even so, bankruptcy is always a possibility.
The Heritage BCLOC route will never involve bankruptcy and does not require Jane to post 20% down. Rough spots in cash flow from tenants need not sink Jane's business plan. Here's how it works:
Jane's part: Jane provides Heritage with a letter of agreement showing she has worked out details of the purchase with the seller. Jane pays whatever legal fees, etc., are involved with this part of the process. She also provides Heritage with a business plan for operation of the asset and a signed agreement to acquire the commercial asset project. She will need the services of a securities lawyer with experience in real estate.
The role of Heritage: Once Heritage receives the signed agreement to acquire the commercial asset project and the business plan, Heritage will conduct due diligence of the project and if satisfactory, then:
1. Heritage sets up a special limited-purpose corporation for Jane, controlled by a bank trustee. Heritage delivers the due diligence materials with all the corporate documents to the investors to raise money on behalf of this corporation to purchase the asset.
2. Jane's corporation signs a promissory note and acquires the asset with the funds from the investors. Some of the proceeds from the note fund an interest bearing corporate account (the CEA) that belongs to the corporation. The CEA's sole purpose is to support payments on the note in the event that the cash flow from tenants cannot do so.
3. Heritage greatly reduces the possibility of legal default by arranging a guaranty contract for the corporation for the purpose of guaranteeing the payments on the note in the event of an economic downturn or unexpected consequences related to Jane's business plan. (In technical terms, wrapping the BCLOC with a guaranty contract reduces the risk of legal default on the note. Heritage uses proprietary software to forecast the amount of time remaining until the CEA would conceivably be depleted, during which time the corporation could continue in spite of adverse circumstances.)
4. What if Jane is sued? She has no legal liability. Her corporation with its CEA balance will suffer no loss as it is part of a trust estate, pledged to the trust. State and federal courts have upheld this situation.
5. How does Jane feel about all of this? She can withdraw funds according to certain guidelines. Jane has no out of pocket costs for her building's operating expenses. In time the note is paid-off and Jane has choices, either to collapse the corporation's trust or to continue on with it, with all the advantages of a corporation (debit card, tax advantages, company car, stock passed on to her kids, etc.)
Meanwhile Jane can take cash out of her corporation within certain guidelines related to her project's profitability. Eventually Jane owns her corporation free and clear, including the asset and whatever remains of the CEA.
Regarding the initial 21 clients who came to Heritage in 2004 and 2005, they provided a business plan and signed contracts for funding. Heritage is still waiting for signed agreements to acquire commercial asset projects, as required in Jane's part. Although none of the clients have been funded, some of them plan to honor their contracts and finish the application process to receive funding. Others do not.
About Heritage Capital Credit Corporation
The Heritage business model, which is implemented through its subsidiary, Independent Capital Credit Corporation, is to prepare real property and commercial revenue producing assets for securitization. Once securitized, the documentation can be delivered to investors for funding. To date, the Company has not delivered any projects for funding. For more information, visit the website: http://www.heritagecapitalcreditcorp.com.
Safe Harbor
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, which include the ability of the company to implement its business plans and consummate the proposed acquisition, actual results may differ materially from the expectations expressed in the forward-looking statements.
Contact: Heritage Capital Credit Corporation Richard Razzeca, Vice President Tel: 302-778-4222 Email: info*heritagecapitalcreditcorp.com
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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whatchya thinkin now WB? That .0007 is looking pretty good now.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Wait, wait, wait.......ho hum...finally in a position to wait a month or two. Been doing well thanks to you guys on this board. I've learned a bunch. Thanks boo for the message the other day, info was really helpful.
-------------------- Damn, this is hard...but it's worth the challenge $$$$$ Posts: 113 | Registered: Aug 2007
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Best to learn before you jump dat's for sure. Protect your capital upmost and foremost don't put in what you don't/can't afford to lose.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Kudos.......I understand........taking baby steps with capital. Start small, think big, make plenty......and be not greedy my good man. So says me..........HEHE. Sounds like a plan, my good man?
-------------------- Damn, this is hard...but it's worth the challenge $$$$$ Posts: 113 | Registered: Aug 2007
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posted
News for 'HCPC' - (Heritage Capital Credit Corporation Expands Product Line to Include Traditional Commercial Loans)
WILMINGTON, Del., Oct 30, 2007 /PRNewswire-FirstCall via COMTEX/ -- Heritage Capital Credit Corporation (Pink Sheets: HCPC) announces the expansion of its commercial mortgage products and its funding sources. The Company has established a new division that offers a broad spectrum of commercial loan programs that range in size from $1,500,000 to $20,000,000.
The Company's funding sources will include other conduit lenders, national banks and REITs that fund traditional commercial loans. These commercial loan programs will move Heritage into the financial marketplace where it will have access to some of the nation's largest commercial loan investors.
Richard L. Razzeca, Vice President, will head this new division that will offer the traditional commercial loans.
The Company's subsidiary, Independent Capital Credit Corporation will begin accepting and processing applications on November 1, 2007. Acceptable property types include:
-- Multifamily Apartments
-- Office Buildings
-- Retail
-- Hotels
-- Industrial
-- Mixed Use
-- Commercial and Retail Condominiums
More information will be posted on the website: http://www.independentcapitalcreditcorp.com, where applications will be accepted via email or they may be faxed (302-778-1048). With general property financial data, we can pre-qualify a commercial property for funding. No application fee is required.
The Company's flagship product, the BCLOC, which provides 100% financing for commercial projects ranging from $10 million to $70 million, will continue to remain in the forefront of its loan products. To date, the Company has not delivered any projects for funding.
About Heritage Capital Credit Corporation
The Heritage business model, which is implemented through its subsidiary, Independent Capital Credit Corporation, is to prepare real property and commercial revenue producing assets for funding.
Safe Harbor
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, which include the ability of the company to implement its business plans and consummate the proposed acquisition, actual results may differ materially from the expectations expressed in the forward-looking statements.
Copyright (C) 2007 PR Newswire. All rights reserved
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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