Gotta check out Argent Capital ACCT OTC:BB - Big plans !
Two month climb from .25 to 5ish today. It's got MLM appeal, huge losses, recent internet plans, slimy principals, everything ! About the only thing lacking is volume, damn ! Read any press release or SEC filing, just hilarious - Random clippings:
Argent Capital Corp. purchases and markets home improvement loans and loans for debt consolidation and other home improvements. For the nine months ended 9/30/98, net revenues fell 49% to $2.7 million. Net loss totalled $1.1 million vs. an income of $895 thousand.
The Company believes that cash from operations and borrowings will not be sufficient to fund their strategic plans and management is actively seeking new investors to infuse new capital. In addition the recent upheaval in the financial markets has made it more difficult to sell high-loan-to-value and sub-prime loans.
HUNTINGTON BEACH, Calif., Feb. 25 /PRNewswire/ -- Argent Capital Corp. (OTC Bulletin Board: ACCT - news) today announced that it has completed a memorandum of understanding to acquire Strategic Partnership Alliance, LLC of Washington, Pennsylvania holding an exclusive marketing contract with Alpha-Telecom, Inc., which sells public pay phones to individuals interested in an alternative investment product.
''Alpha-Telecom's product is producing significant revenues, with explosive growth potential,'' said Christopher A. Millar, Argent President and Chief Executive Officer. ''We expect these revenues to entirely fund the operating cost of Argent Financial Services, Inc. by the end of March.''
''Alpha-Telecom's product is a natural fit for the 'Wealth Building' module of the Argent Quest for Success (AQS) proprietary, state-of-the-art software system,'' said Samuel B. Watson, President and CEO, Argent Financial Services, Inc.
The AQS multi-media advanced consumer education and success implementation software system has a total of eight modules. These address risk and asset management concerns and provide strategies on wealth building, debt elimination, insurance needs, dream achievement, estate planning, home mortgage, basic budgeting and tax saving.
AQS will also provide consumers numerous other on-line benefits, including shopping, a budgeting system, Internet banking and stock trading and other special Internet tools.
''Consumers will be introduced to AQS by our agents in the comfort of their own home,'' Watson said. ''Our agents will access the AQS proposal system via the Internet utilizing laptop computers. The system will demonstrate the effects of repositioning the homeowners' equity for accelerated growth, rather than earning 0% in its present state.''
The AQS system will deploy a nationwide sales force that has been under development for a number of months. Argent currently has commitments from more than 30 highly skilled marketing organizations, representing over 40,000 independent agents who are currently contracted to their respective agencies.
Argent Financial Services has designed a unique compensation system, named ''2-Infinity,'' for the independent agents providing competitive, direct commissions, and an agency override system that enables agents to build income from sales generated by other agents in their downline organization.
Argent Financial Services recently completed a successful, seven-day pre-launch meeting in Hawaii with the 30 marketing organizations where the AQS system and the AFS ''2-Infinity'' agent compensation system were introduced. The Company anticipates launching Argent Financial Services in mid-March 1999.
Feb. 18 /PRNewswire/ -- Argent Capital Corp. (OTC Bulletin Board: ACCT - news) today announced that it has issued no statement nor any news release nor signed any agreement that can account for the activity in its common stock this week. Argent Capital currently is focused entirely on becoming a major national financial services company. It no longer is involved in the mortgage banking industry and is in the process of applying to the courts to rescind the purchase of Clearview Capital, returning it to its previous owners and canceling the shares used for the transaction.
Even comments from Yahoo: ""Evidently efforts to recapitalization the company with $10 million to launch the Financial Services Business, that they were so very optimistic about fell through. So they sign a "memorandum of understanding", what ever that is, to acquire a business that sales pay phones to individuals to finance to Financial Services Business ??? I must say that it is an interesting twist; what do giving away coupons and selling pay phones have to do with the world of Fianncial Services. Is it just me or is this "different"?""
The tell: Apparently our boys at Argent have been in business together before at a company named AMERISTAR INTERNATIONAL HOLDINGS CORP. (AIHC). (Perfectly good $12 stock trading for a few cents now).
Is this one a Zero Bid in the making ??? |
