good way to waste $2500... IMO. but I'm not bashing. i'd love to see this stock reach the sky. i've been in since mid sept. but that is my target expectation.
>>> OR <<<
if we get some "GREAT" PR, then maybe .0010 or higher, I base this on my magic toaster that talks too much. Posted by DWE on :
CWFG price may start moving up since the CEO Damien Guthrie resigned and I think that was great news for CWFG. I didn't think he knew what he was doing in the first place. However, it will be a long while before this stock will reach 0.0010, I think.
Posted by JIF on :
This stock can only go up. If you can buy at .0001, go for it imho.
Posted by Rules on :
We will go up in time. New CEO can only help.
Posted by toomuch on :
lets hope it will move higher than .0003!!!
Posted by johnny14511 on :
THERES TOO MANY O/S SHARES FOR THIS TO DO ANYTHING
Posted by eddy on :
just 3 mm's left at .0001 ask-there was 4-G/L
Posted by eddy on :
jmo-one big contract from the bid's they have put in, should move this one-jmho
Posted by andrew on :
Is this the new thread? This stock has too many threads. I'm Texas Hold'em.....All in!
Posted by eddy on :
Magic Johnson connection------- Posted by: bmarley5780 In reply to: bmarley5780 who wrote msg# 413 Date:11/22/2005 1:50:30 PM Post #of 416
Where's the connection?
Posted by bmarley5780 on :
Are you serious??!!
Posted by matto on :
sorry maybe its early. But would you please let us know the connection.Thank you bmarley
Posted by bmarley5780 on :
No prob...
Commonwealth American Financial Group Agrees to Joint Venture with NW Capital Partners, LLC
Nov 10, 2005 9:05:00 AM Copyright Business Wire 2005 ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Nov. 10, 2005--
NW Capital Partners, LLC (the Partners) was formed by the Northwest Communities Development Partnership, Inc. (the CDC) a Florida not-for-profit corporation, the CDC's mission is to use its community stakeholder resources, which includes working relationships with the City of West Palm Beach, land owners and developers-builders to facilitate the revitalization of the Downtown Northwest neighborhood.
Seriously, will we even see .0002 or .0003 before 2006? Where are the optimism and rumours and vague PRs about this crippled company when I need 'em, folks... Posted by DWE on :
Stay away from CWFG!!! That's all I got to say about Commonwealth.
Posted by evokiosk on :
yikes,.... that's all I have to say
Posted by PhoenixStockMaster on :
This stock has done nothing for over a month. What's up with it? No news, and we have lost a lot of chat about it. I am going to hold until December 15 and if it doesnt move I am selling my 4.5 million shares and let the loss offset my gains from other stocks. Damn this sucks.
Posted by Polarbear17 on :
Paitence people , has anybody been watching the news on the clean up in NEW Orleans , well FEMA isn't doing such a hot job things are a mess, Common sense says that it will be a while before contracts are even anouced let alone bid on. I do see News before the end of the year , though .
Posted by toomuch on :
anyway....with the new owner cwfg wont last....it's only a matter of time before we read a PR that tells cwfg change is name to.... and then we'll own a software company!!!
Posted by DWE on :
You better sell now before they announce a surprise reverse split. Too many shares outstanding and to low PPS.
Posted by New_Ventures on :
I love seeing BASHERS (DWE) on a stock I own -- LOL --- must mean good news is around the corner
Posted by toomuch on :
i agree new.....
Posted by eddy on :
this will move soon-jmo-G/L all longs
Posted by bmarley5780 on :
Commonwealth American Financial Group Announces Definitive Agreement date with NW Capital Partners, LLC
Nov 28, 2005 8:30:00 AM Copyright Business Wire 2005 MIAMI--(BUSINESS WIRE)--Nov. 28, 2005--
Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) today announced that the Board of Directors has moved forward with its progress in the Joint Venture project with NW Capital Partners, LLC. Both companies have agreed that by the 12th of December 2005, both corporations will execute the definitive contracts between each other. The agreement will establish the Joint Venture contractual arrangements between the corporations.
The companies in cooperation with developers and local government plan to develop 91 existing units (to be renovated or demolished) and 22 vacant building lots in the Northwest District of West Palm Beach Florida. The approximate cost to develop the area is $6,000,000. The plan is to develop medium and high density housing for an average sales price of $250,000.00 per unit with full financial projections and budgets to be announced. The development will consist of single and multi family homes.
NW Capital Partners, LLC (the Partners) was formed by the Northwest Communities Development Partnership, Inc. (the CDC) a Florida not-for-profit corporation, the CDC's mission is to use its community stakeholder resources, which includes working relationships with the City of West Palm Beach, land owners and developers-builders to facilitate the revitalization of the Downtown Northwest neighborhood.
"This development is an opportunity for both corporations to develop 113 building lots with very well established developers in Florida. This size development has attracted very well recognized developers and we look forward to working with these developers in the future. We would like to adopt the same redevelopment principles and take the same project management team to other cities to replicate the type of development planned for West Palm Beach. The company continues to review other joint venture opportunities and look forward to possible participation in said ventures," said Ms. Ryals President & Chief Operating Officer.
FORWARD LOOKING STATEMENTS: This information includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to mange growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel as related to the industry. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this issue.
Source: Commonwealth American Financial Group, Inc.
---------------------------------------------- Commonwealth American Financial Group Inc. Miami Kristin Mary Ryals 305-913-7112 Fax: 305-913-4101
Posted by eddy on :
great news!
Posted by bmarley5780 on :
Yes.
Still moving in the "right" direction.
Posted by matto on :
Well its time to slowly make money! Maybe we can eat up the os. so we can make some profit.Even with this news i dont think it will move much.
Posted by bmarley5780 on :
NITE just moved off the ask - now at 0002
Posted by eddy on :
great!
Posted by New_Ventures on :
Finally some dates to watch for
Posted by Slippery Wing on :
Well, I guess this is better than nothing!
We'll have to wait and see what effect this actually has on the stock.
6 million in contracts... not a bad start I guess...
-Slip
Posted by New_Ventures on :
Gotta love 30 MIL in volume in the first 1/2 HR -- The last few trades were those buys ? I cant tell
Posted by bmarley5780 on :
well the ask is .0001
all trades are .0001
Posted by hienster on :
Commonwealth American Financial Group Announces Definitive Agreement date with NW Capital Partners, LLC
November 28, 2005 08:30:02 (ET)
MIAMI, Nov 28, 2005 (BUSINESS WIRE) -- Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) today announced that the Board of Directors has moved forward with its progress in the Joint Venture project with NW Capital Partners, LLC. Both companies have agreed that by the 12th of December 2005, both corporations will execute the definitive contracts between each other. The agreement will establish the Joint Venture contractual arrangements between the corporations.
The companies in cooperation with developers and local government plan to develop 91 existing units (to be renovated or demolished) and 22 vacant building lots in the Northwest District of West Palm Beach Florida. The approximate cost to develop the area is $6,000,000. The plan is to develop medium and high density housing for an average sales price of $250,000.00 per unit with full financial projections and budgets to be announced. The development will consist of single and multi family homes.
NW Capital Partners, LLC (the Partners) was formed by the Northwest Communities Development Partnership, Inc. (the CDC) a Florida not-for-profit corporation, the CDC's mission is to use its community stakeholder resources, which includes working relationships with the City of West Palm Beach, land owners and developers-builders to facilitate the revitalization of the Downtown Northwest neighborhood.
"This development is an opportunity for both corporations to develop 113 building lots with very well established developers in Florida. This size development has attracted very well recognized developers and we look forward to working with these developers in the future. We would like to adopt the same redevelopment principles and take the same project management team to other cities to replicate the type of development planned for West Palm Beach. The company continues to review other joint venture opportunities and look forward to possible participation in said ventures," said Ms. Ryals President & Chief Operating Officer.
FORWARD LOOKING STATEMENTS: This information includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to mange growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel as related to the industry. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this issue.
SOURCE: Commonwealth American Financial Group, Inc.
Commonwealth American Financial Group, Inc., Miami Kristin Mary Ryals, 305-913-7112 Fax: 305-913-4101
Copyright Business Wire 2005
Posted by eddy on :
.0001x.0002--89 million volume-almost 3 x average the first hour.
Posted by eddy on :
120 million volume-now 2 mm's on the .0001 bid!
Posted by New_Ventures on :
quote:Originally posted by bmarley5780: well the ask is .0001
all trades are .0001
Thanks BMAR but was trying to determine if more dumping was occuring ----- dont know why but just asking ---- My scottrader T&S is in red so I thought was sales
Thanks
Posted by New_Ventures on :
We need some .0002 buys
Posted by bmarley5780 on :
*tip the colors don't represent "sells" or "buys"
its the last tick up(green) or down(red) from the last tick. Does not take it account it the bid/ask changes from that time.
Posted by New_Ventures on :
Kool
Posted by Lucas Brachish on :
quote:Originally posted by toomuch: anyway....with the new owner cwfg wont last....it's only a matter of time before we read a PR that tells cwfg change is name to.... and then we'll own a software company!!!
The Good news: Construction contracts still seem to be possible in the near future (the latest PR looks very good, and could just be the tip of the iceberg), which could make the stock go back up in value. Also, even if contracts don't come, then when the new owners change the name and stock symbol and announce their new (or existing) revenue streams then excitement could be generated which will boost the PPS.
The Bad news: If the new owners of this company truly bought CWFG as a shell company, then the chance of them actually pursuing and securing construction/financing contracts is not very likely. Typically, when an existing private company is this different from the shell company they purchased (in order to get listed), they do not actually pursue the previous companies goals. In fact, if CWFG was truly just a shell, as many think, then there won't really be much of anything for the new owners to pursue, anyway. The suspected company name change and ticker symbol change and announcement of new revenue streams will be great for the stock (assuming that the new owners have a decent company and bought the CWFG shell so that they could get legitimately listed and not so they could create their own scam), but it's often the case in situations like this that the new owners will use the name change as an excuse to do a massive reverse or forward split. Since the stock is at a super-low, a reverse split would be very likely. So even if the PPS goes up a bit, the split could negate any positive gain, and, in the worst case scenario, we'd all actually end up with less value than we have now at this seeming rock-bottom price. For instance, if the new owners did a 10-to-1 reverse split and the stock dropped back down to .0001 after the split before anyone has a chance to sell, then whatever you own right now would only be worth 1/10th that post split. A split like this is possibly more likely at time like this than at any other time -- new owners, new goals, time for a name change, too much stock floating around because of the last forward split = perfect RS situation. Not pretty.
The Hope: The new owners announce that they will absolutely not split the stock for at least the next six months. That they then announce that they have solid revenue coming in -- whether it be from the old CWFG deals or from their own software/whatever company (or, best case scenario: revenue form both businesses). Excitement is generated. Lots of nice PR is sent out. Current shareholders hold onto the stock and it turns out that the Market Makers and insiders are not holding on to tons of spare stock. So the PPS skyrockets and we all get rich (or at least get our money back, for those like me that bought this stock a while back at prices that now look way too high).
That's what I'm hoping for. But realistically.... I dunno. If you can risk the money and you're brave and a bit unreasonably optimistic, then you should hold onto this stock without a doubt. But if you value what money you have left in this and can't risk losing it, then you must consider selling (even if it's at a big loss) at whatever price you can. I'm mixed: I was hoping to hold on until we reached at least 0.0005, I need a 0.0003 just to break even (very small loss), but even my attempts to sell a small chunk of my shares at 0.0002 haven't worked all month, and this latest PR isn't moving us so far, despite the rise in volume ... so a sale at 0.0001, if even that's possible, might be the safest choice now, even though it's not at all desirable.
I really hope things turn around, though. It's entirely possible.... if not as likely as I'd like.
[ November 28, 2005, 10:56: Message edited by: Lucas Brachish ]
Posted by Andreas on :
As we speak: 0.0002
But for how long?
Posted by bmarley5780 on :
.0001x.0002
2x6
250k dropped one of the ask....
Posted by eddy on :
small .0002 print-if they get contract news on all the bids they have out-it will move fast-jmho
Posted by eddy on :
that mm that dropped of the .0002 ask-moved to .0004-looking better
Posted by bmarley5780 on :
IMO=
the road to Dec 12th is goin to be a nice trip!!!
Posted by Rules on :
This is very good news! I'm going to hold for the future as the company is bound to go profitable within the next year.
Posted by eddy on :
yes, very good news!
Posted by eddy on :
If we get some .0002 volume-jmo-.0002 will not last long
Posted by New_Ventures on :
back to .0001 come on buy on .0002
Posted by eddy on :
2x6 mm's-it was 2x7 mm's-one mm moved to .0004
Posted by New_Ventures on :
well thats good news Eddy -- if we can just get a couple more to move higher it might indicate a run
Posted by New_Ventures on :
I think tere is alot of relief with this PR today considering there wasnt one for some time
Posted by eddy on :
I agree, jmo-this is a good buy and hold-jmho
Posted by New_Ventures on :
Ive bought and been holding for almost 3 months now -- LOL
Posted by eddy on :
lol-hold longer-lol--some good volume today-135 million-average is 34.3 million
Posted by eddy on :
small .0002 print just now-jmo-what is happening-there are some people with .0002 sell orders in for a quick double. once they are gone the mm's will move it faster--jmho
Posted by New_Ventures on :
I would agree Eddy
Posted by Lucas Brachish on :
quote:Originally posted by eddy: small .0002 print just now-jmo-what is happening-there are some people with .0002 sell orders in for a quick double. once they are gone the mm's will move it faster--jmho
"Quick double" -- haha -- I've got sell orders in for .0002 so that I can take a LOSS. And I've been trying to sell some of my holdings for .0002 for over a month, and I've been holding this stock for many months, from before the split, so there's nothing quick about it.
But you're right, of course ... some of these .0002 sells are from people trying to make a quick double. But we've seen that before... too many people were able to buy in at .0001. That's going to to keep this stock from running big time for a while, since there are so many people ready to cash in with double and triple earnings every time this ticks up to .0002 or 3.
Can somebody post a full level II break down for this that's current?
thnx.
Posted by PhoenixStockMaster on :
Hey guys. Last week on Wednesday I sent Kristen an email. In the e-mail I spoke of my concerns about the lack of performance of CWFG and also made critical comments about the weak PR. To date, she has not responded to my e-mail. I made it very clear that I wanted a response from her or I would report Commonwealth to stock patrol and to the SEC. Today, the PR comes out.
quote: The company continues to review other joint venture opportunities and look forward to possible participation in said ventures," said Ms. Ryals President & Chief Operating Officer.
Take notice in the PR that they (whoever compiled this weak PR) refer To Ms. Ryals as the COO. Now, i thought this was cleared up weeks ago when Guthrie steped down and she was made CEO. I honestly think that there is some real type of scam going on here. They can not get their story straight.
Now, I am not bashing this stock. I have held this stock for over 5 months 4.5 mil shares with a .0004 avg. I think those of us stockholders who have an interest in Commonwealth need to persue some investigation with stockpatrol.com.
Additionaly, we should demand from the CEO or COO, whatever her title may be today, more information on what Commenwealth has in store for its invested stockholders in the future.
Finally, since Ms. Ryals is a "seasoned professional" I think we deserve a PR with her credentials and history in running a business such as CWFG.
Posted by eddy on :
good volume day-looks like a stale mate-no one selling at .0001 and no one buying at .0002
Posted by eddy on :
2 mm's at .0001 bid---------------------------------ask side is 6 mm's at .0002 ask,1mm at .0003, 1 mm at .0004, and 1mm at .0005
Posted by bmarley5780 on :
stop makin the glue....
Posted by New_Ventures on :
HOLY SMOKES 50 MIL *ask
Posted by eddy on :
from another board-----------------Posted by: Mr. Bill In reply to: coinstarz who wrote msg# 458 Date:11/28/2005 1:36:53 PM Post #of 462
6M to develop, 28M+ value. Approx profit 22M shared with JV partner. Assume 11M profit / 12B OS and you get .0009 EPS.
Now .0009EPS * conservation 15 multiplier = .0135 cents PPS
Way undervalued at todays prices IMO
250K * at least 113 units (notice med/high density) = 28M
Posted by Delicious on :
Alot of buying at .0002. This looks good.
Posted by eddy on :
289 million volume!-must have been 150 million go at .0002 ask?
Posted by eddy on :
Historical Time & Sales Stock Symbol Trade Date Price Range Trade Size Trades per Page Today 1 day ago 2 days ago 3 days ago 4 days ago Min Max Min Max (Max 400)
when the people just wanting a double gets out-it will move fast-jmo
Posted by Persia on :
There is still hope after all... Posted by toomuch on :
i agree with you eddy but i dont think it have a lot of people who have been able to buy at 0.0001. so it will faster than we think...
Posted by eddy on :
toomuch-hope you are right-we have a winner here imo-we just have to wait our turn to run
Posted by toomuch on :
we will have a nice tick up very soon.....imo!
Posted by PhoenixStockMaster on :
well let's hope this is an up-trend for CWFG
Posted by eddy on :
contract news tomorrow would set it on fire-wishful thinking here!
Posted by Pretorian on :
FANTASTIC!!!!!!!!! Finally real news, real contracts, real figures, real company!!!!! The question now is how much of the JV will CWFG have?50%?65%? or 35%? On top of it with Magic around.....this gig must be serious and legit! Glad I kept my cool and haven't sold!!! Now D-Day will be Dec.12! Looks like X-Mas might be coming earlier this year!!!!!!! ........♪I dream of a green christmas♪
Posted by New_Ventures on :
anyone see that 5000 trade --- $1 -- lol
Posted by toomuch on :
what???
Posted by PhoenixStockMaster on :
where did u see that??
Posted by PhoenixStockMaster on :
what site do you use for your live charts??
Posted by eddy on :
quote:Originally posted by PhoenixStockMaster: where did u see that??
Historical Time & Sales Stock Symbol Trade Date Price Range Trade Size Trades per Page Today 1 day ago 2 days ago 3 days ago 4 days ago Min Max Min Max (Max 400)
quote:Originally posted by Thirb: i hope i was wrong!!
hope you are too-I hope they have a government contract coming, and that was the big .0002 buy today
Posted by Thirb on :
Damn! like i said ---0.0001--- they cover their shorts before the close!
Posted by andrew on :
I have a sell in at .0002. I like this stock but, yes I am tryng to double my money so that I can turn around and buy more shares. This thing is finally looking like it will run. Dont be mad guys because I am selling. I WILL then double my shares. We are in this game to make money. Correct?
Posted by New_Ventures on :
look Andrew --JMHO-- if you try to sell now at .0002 and actually get a nibble, good for you but I personally dont think you will get a buy at .0001 - I may be wrong but.....
I mean if you want to sell then sell no one will be mad but dont sugarcoat it by saying you want to sell so you can buy MORE shares.... that I dont buy
I mean you are yourself saying its ready for a run.... so how are you going to GET MORE SHARES
Posted by Delicious on :
I agree ventures. I think today was a good day even though we are still at .0001. The majority of buying today was at .0002.
I had a sell order in for .0002 since the time I bought this about a month ago and I canceled my order this morning after reading the PR. This PR was the best one yet and I think this company is gonna start turning around and heading up.
I had the same intentions as andrew in doubling my shares but I didnt think I would be able to get back in at .0001 so i canceled my order and Im gonna continue to hold my position.
Posted by eddy on :
selling for a double is ok, but I think it will go a lot higher in the next few weeks to come, especially if they get even 1 contract, it could pop big. But if you decide to sell at .0002 that is ok, a pfofit of any kind is always a good thing-I am holding long-G/L all
Posted by New_Ventures on :
If we get a contract I believe we will easily see .002 or .003 and have new support -- I mean PEOPLE really like this stock and I truly believe their are alot of fluffers out there saying --- "oh I'm going to sell at .0003 and be done with this stock" well I'm here to tell ya all those people saying that will be the same ones pumping it after 500 Mil or a billion shares go thru... of course this is all based off contract news and I think the PR today was very significant.... I'm sure like many other people they thought this was dont after not getting any new PR's but hey here it came today. I about spooged myself (lol) after turning on the computer this morning seeing the PR... i would have to say if Dec. 12th rolls around and we have no news than we are all F'd .... I personally believe their will be news and if this plays out well OMG this stock could be huge to the several that own Millions of shares ... BUT..... do you realy want to wait and buy or even sell for a loss or a minor gain ? the question is ......
What if .....
Posted by Lucas Brachish on :
quote:Originally posted by PhoenixStockMaster: Hey guys. Last week on Wednesday I sent Kristen an email....Now, i thought this was cleared up weeks ago ... Now, I am not bashing this stock. I have held this stock for over 5 months 4.5 mil shares with a .0004 avg. ... Additionaly, we should ... more info....[and] a PR with her credentials and history in running a business....
Man, do I ever hear this -- I've been holding for a long time with a similar average, and I foolishly averaged down to .0003, which is a number we haven't seen in a while. These are exactly the kind of things that I'm worried about with CWFG. I'm glad you've been trying to look into this, PhoenixStockMaster.
If anyone can still buy this stock at 1, it's still a healthy gamble. But for those of us with even modestly higher averages, this is one dangerous stock. And even with todays movement, I still wasn't able to sell a single share at 2.
Posted by JIF on :
looking forward to tomorrow
Posted by New_Ventures on :
2 MIL at open -- heres to a good day
Posted by PhoenixStockMaster on :
Lucas, I feel your pain. I think if several of us file complaints with stockpatrol.com they may investigate a little quicker. I really think there is something fishy with CWFG. I just can't put my finger on it. BTW - almost a week now and still no return e-mail from Ms Ryals.
Posted by New_Ventures on :
I was told that Ryals was in the same circle jerk as Hayter, Astrom, Guthrie -- from what I understand Ryals is Astroms Girlfriend -- I think they even have the same address
CAN ANYONE SAY WTF ?
Posted by Thirb on :
For those want to know:
I found that CMSI (Guthrie) changed for BPWW monday...
Posted by andrew on :
O.k. guys I see your point. You have done a good job and changed my mind. Sometimes we all need a little help. I'm cancelling my sell order. I'm in for the long haul! Thanks New, eddy, Delicious. RUN BABY RUN!!!!!!yeeehaaaaaa! LOL siriously thanks guys!
Posted by Lucas Brachish on :
quote:Originally posted by PhoenixStockMaster: I think if several of us file complaints with stockpatrol.com they may investigate a little quicker.
I'll try and get around to filing something with StockPatrol. Of course, if this is revealed to be a scam before I get some of my money back, I'll never get my money back... but I suppose it's the right thing to do.... I'll give them a couple more days to return your email and/or post some more decent PR that answers some of the big questions and states that no RS is going to happen under the new management.... if things keep looking weird, though, it'll be time to file with the Patrol...
Posted by Slippery Wing on :
How much "pull" does the stockpatrol have? What can they do? Not familiar with them.
I know your dilema Lucas. If you find out something detrimental to a stock you hold (such as that the CEO is in the pinksheet shell business and has flipped more than one shell in the last few months) do you with hold that information so you can cover your own arse, or do you make it public and hope to survive the exedous?
-Slip
Posted by dalton05 on :
News for 'CWMF' - (Commonwealth American Financial Group Executes Letter of Intent to Acquire a 56 Acre Parcel of Land)
MIAMI, Nov 30, 2005 (BUSINESS WIRE) -- Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) announced today that it has executed a definitive letter of intent and tendered an earnest money deposit to acquire a 56 acre parcel of land in North Central Florida. The 56 acre parcel of land will be developed and sub divided into equal sized lots and will be sold to prospective purchasers or builders. The agreement is subject to clear title and all applicable laws.
The parcel is situated in a very high growth area of North Central Florida. Prices in the area have dramatically increased in the last 18 months due to historically low interest rates and general growth and interest in the Florida Real Estate Market. The project will get under way upon a completed closing. The company will then also begin a sales and marketing campaign for the property.
Ms. Ryals, President and CEO, said: "We are very excited about this acquisition as it creates another revenue stream for the company. This type of acquisition is consistent with our goals and objectives in building the company's real estate/development division. We will continue to acquire additional real estate projects such as this that will yield high returns."
The mission of Commonwealth American Financial Group, Inc. is to invest in land development projects either as developer, joint venture partner, or lender and create mezzanine-financing opportunities. The company will also grow by acquiring subsidiaries in related fields such as construction, real estate brokerage-appraisal-management, in Florida, Texas and Louisiana.
The Company has established a website http://www.cwmf.net and trades under the symbol (Pink Sheets:CWFG).
FORWARD LOOKING STATEMENTS: This information includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel as related to the industry. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this issue.
SOURCE: Commonwealth American Financial Group, Inc.
Posted by New_Ventures on :
Come on now lets get the ball rolling --- I cant believe that no trades have gone thru yet --- I bet everyone is waiting for the ask to goto .0001
Posted by toomuch on :
this PR sound really good!
Posted by bmarley5780 on :
deposite w/cash as well!
Posted by eddy on :
just a matter of time before this one takes off-jmho-G/L all
Posted by New_Ventures on :
WOW 50 min and no trades ???
Posted by toomuch on :
everyones hold!! good sign, later today it will go up and close green!
Posted by dalton05 on :
Something has to be going on with this.no trades as of yet when they have a pr out and its been trading with big volume for the last few trading days,Kind of makes me go hmmmmmm.
Posted by dalton05 on :
now the volume starts
Posted by New_Ventures on :
still sucks man, All at .0001 -- I thought we had em and they were going to uptick it -- We'll see
Posted by Polarbear17 on :
Yeah just got filled on 420,000 at .0001 . Sitting on 1.42 mil now at average of .00014. See more good news , this things going to fly soon before the end of the year .Just a matter of time . Now all we need is a govt FEMA Contract and this will pop.
Posted by PhoenixStockMaster on :
Uggghhhh. Still nothing from Ms. Ryals and it seems even good PR is not helping this stock out. Im hoping there is an uptick soon. like to 5 (hehehehe)
quote:How much "pull" does the stockpatrol have? What can they do?
It's not that they really have "pull" but they really investigate the company and report their findings. If there is anything fishy we would know about it. They really help with investigation. However, at this point with CWFG I think it is wise for us, the stockholders, to demand answers from Ms. Ryals. Afterall, it is our money that she is playing with. We have the right to know. Problem is if you wanna pull out - you can't - nobody is buying this stock.
Posted by Persia on :
We need PR(s)with contracts and money to move up this stock.
Posted by andrew on :
Heck. I'm going to buy another million shares in about two minutes. Got nothing to lose.
Posted by andrew on :
11:58:32 Thats my million. Up to holding 5 million now. Run baby Run.
Posted by toomuch on :
not runnig fast so far! Posted by andrew on :
This is disheartening. PR + PR = nothing. Anyone have any thoughts on what it will take for this baby to move. We have good volume daily. Some days the volume is 1/4 of a billion shares and nothing happens. Someone give me a rope and show me the nearest tree. arrrgghhhhh. Posted by Persia on :
Commonwealth American Financial Group Announces Buy-Back of Its Common Stock of 1 Billion Shares Thursday December 1, 2:32 pm ET
MIAMI--(BUSINESS WIRE)--Dec. 1, 2005--Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG - News) announced today that the Board of Directors has approved a buyback of its common stock on the open market. The Board also approved that the company will purchase up to 1 billion shares of its common stock. The planned buyback is subject to all applicable laws. ADVERTISEMENT
The Board Members also acknowledged that stock purchased from the buy-back program would be retired to the treasury and would not be issued again. The Board also reiterates that no reverse split is planned for the company.
Ms. Ryals, President and CEO, said: "We believe the price of our stock is well below what we believe to be fair market value for our company currently. We will continue to grow our business while enhancing shareholder value."
The mission of Commonwealth American Financial Group, Inc. is to invest in land development projects either as developer, joint venture partner, or lender and create mezzanine-financing opportunities. The company will also grow by acquiring subsidiaries in related fields such as construction, real estate brokerage-appraisal-management, in Florida, Texas and Louisiana.
The Company has established a website http://www.cwmf.net and trades under the symbol (Pink Sheets:CWFG - News).
Posted by Persia on :
NICE!!!!!!
Posted by Persia on :
No reverse split planned and share buyback!
Posted by dalton05 on :
do you think this will move now.Volume is picking up but price is not.
Posted by New_Ventures on :
SWEET
Posted by Persia on :
I don't think it will move with this but I know I like this Ryals woman. Now, wr just need PR's with contracts and money!
Posted by New_Ventures on :
HOLY SMOKES volume went 30 MIL to 130 MIL after the PR
Posted by Doctoall on :
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