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Author Topic: PODM-Chevron Deal $25M a Year
cautionupahead
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Podium Venture Group Board of Directors Has Agreed to Acquire Capital Oil & Gas, Inc.

PR Newswire "US Press Releases "

HIALEAH, Fla., July 23 /PRNewswire-FirstCall/ -- Podium Venture Group, Inc. (OTC: PODM), announced today that its Board of Directors has approved the acquisition of Capital Oil & Gas, Inc. as a wholly owned subsidiary of Podium Venture Group.

Capital Oil & Gas operates retail gas stations with convenience stores under the Chevron brand; the company will have revenues in excess of $25,000,000 dollars per year.

"The company is extremely excited to complete this acquisition and will continue to add new locations on a regular basis; the company has already contracted additional locations that will add significant additional revenues and growth to our existing revenue stream," said Mr. Ariel Rodriguez, President & COO.


You may visit us at:
http://www.capitaloilgroup.net/index.php?option=com_frontpage&Itemid=1

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lukin4winners
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Very nice move today. Most of these pink sheets will have at least a 3 day move. This looks like consolidation here...and move to the next level. Check this otc newsletter which picks hot stocks for the next day after a move...
http://www.********.com/stocks-to-watch/index.php

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lukin4winners
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Nice news today 7/24/08 Looks like this company is on the move. The PODM IHUB board is rocking also #3 today. The stock hit .004 yesterday and pulled back to .0015. Anywhere below .004 looks good for some nice gains with 9M float! Good luck...
Capital Oil & Gas, Inc. Has Agreed to Acquire Three Additional Locations
Jul 24, 2008 12:58:00 AM
View Additional ProfilesHIALEAH, Fla., July 24 /PRNewswire-FirstCall/ -- Capital Oil & Gas, Inc. (OTC: PODM), announced today that it has agreed to acquire/lease three additional full service gas/convenience stations in Florida to add to its growing portfolio.

The company believes that these additional three stations will add an additional $18,000,000 to $20,000,000 million per year in revenues to its ongoing operations/revenue stream.

The company will pay for these acquisitions/leases from existing cash flow and will not impede on the capital structure of the company as management views any change in capital structure as counter productive.

"It is the intent of executive management to acquire/lease enough stations to generate a minimum of $100,000,000 million per year in revenue, with a potential profit margin of 8% to 10% per year overall, the company believes that it would then be in a position to become a fully reporting company and move to a more respectable venue," said Mr. Ariel Rodriguez, President & COO.

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sunny
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9 million float? Looking at volume for today alone at 50 million...?????
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oldguy
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Here comes the next reverse split. They will give some baloney reason for it and say it is beneficial to the stockholders, blah, blah, blah and you will lose your money like others have more than once with this. The best indication of future behavior is past behavior. I am one of those "fortunate" stockholders who got caught trusting their hype. Their latest R/s, believe it or not, did not benefit those who bought their line and their stock. Beware of this. Another r/s is coming.
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playtime
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quote:
Originally posted by sunny:
9 million float? Looking at volume for today alone at 50 million...?????

Yeh, can you believe those Ihubers...9 million float...LOL...don't forget this is a Richard Asstrom deal from way back. I bet he is still in it.

IMO, stay away

Posts: 152 | From: fla | Registered: Feb 2006  |  IP: Logged | Report this post to a Moderator
TopRob
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Must be a scam stock, because news has no affect on the pps anymore. There's nothing to look forward to on this one.
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lukin4winners
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Very nice revenue news just out looks like it could really move here off the bottom...

Revenues
Jul 30, 2008 11:23:00 AM
View Additional ProfilesHIALEAH, Fla., July 30 /PRNewswire/ -- Capital Oil & Gas, Inc. a wholly owned subsidiary of Podium Venture Group, Inc. (OTC: PODM), today reported second quarter revenues.

For the second quarter the company reported revenues from operations of $6,840,126 (six million eight hundred forty thousand and 126 dollars) with net results of $684,000 (six hundred eighty four thousand dollars)

The company expects a significant increase in revenues for the third quarter as the month of July is showing an increase (to date) in revenues of approximately 28%; the company believes that these numbers will come in as projected.

The company believes the increase in revenues is due to the switch in brand names from Valero to Chevron and its lower than the competition pricing policies.

"We are very pleased the revenue numbers are much better then expected and believe with the additional outlets being added we should exceed all projected revenues for this year," said Mr. Ariel Rodriguez, President & COO.

About Capital Oil & Gas, Inc.:

Capital Oil & Gas operates retail filling stations/convenience stores throughout the State of Florida; the company is aggressively seeking additional acquisitions that can meet its financial criteria.

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EverGreen
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very nice day here after the ticker change

now CPOG and broke resistence at 001

so i hope for a confirmation of the bounce
and be back above 002-0025

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gumzsa
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I bought some at .0012 early morning. Hopin for at least a double.
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BooDog
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Still waiting for podm to switch over on my account. Scottrade said it came accross the wire backwards and didn't even get a quote up on cpog for some time. I am still expecting the normal 3 day clearing then we'll see if this puppy has anything left in it imo.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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gumzsa
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I bought it as CPOG yesterday on choicetrade so its all good.
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BooDog
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Yes raked in quite a bit of volume yest. Next week should be interesting.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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BooDog
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CPOG back to .0005 with a .0003 spread

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7775 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
   

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