You want DD CCGI (.71-.75) BUY! $2.50 soon
you asked for it:
ibchannel.com nol.net
planetdirect.com ccg.net
Here is the whole picture, as I have it . . . in no particular order.
The Beginning: Comtech Consolidation Group, Inc. (the "Company") (formerly
known as the Venning Group, Inc.) was incorporated on July 13, 1987 under
the laws of the State of Delaware, to engage in any lawful corporate
undertaking, including but not limited to selected mergers and acquisitions. The
Company had been in the development stage from inception until August 12,
1997, at which time it acquired all of the capital stock of Networks On-Line,
Inc., a network integrator and Internet service provider and began operations
under its business plan. Networks On-Line, Inc. provides Internet access
services to individuals and businesses in the Houston, Texas area and provides
website hosting and Internet consulting on a nationwide basis. On February 15,
1998, the Company entered in the health care industry by acquiring
Professional Management Providers, Inc., a Louisiana health care management
corporation. In addition, on April 1, 1998, the Company acquired Unique
Dawning, Inc., a Texas health care corporation. The Company business is the
acquisition and consolidation of the business operations of small companies. It
combines these small entities into larger organizations that can take advantage
of their collective size and achieve economies of scale. To date the Company
has acquired and is consolidating business operations in two industries,
Healthcare and Internet services. The Company is filing this registration
statement on a voluntary basis to comply with reporting requirements and
maintain its listing status on the OTC Bulletin Board.The Company is presently
consolidating businesses in two industries. Effective August 12, 1997 the
Company began managing the operations of Networks On-Line, Inc. (NOL).
NOL has been operating as an Internet service provider and network
integrator. NOL's principal business is supplying Internet access to commercial
and individual customers. Along with the service the NOL provided network
integration services and supplied computer and network hardware as needed
by its customers. NOL is continually seeking to expand its market position by
acquiring or merging with other similarly situated providers. NOL supplies its
Internet services through its own network, primarily in the Houston, Texas and
surrounding regional area. NOL acquires large inbound and outbound telecom
circuits from different suppliers, primarily Southwestern Bell Telephone and
Savvis Communications, Inc. and resells these circuits to its business and
individual customers. There are a number of providers, which the NOL can
obtain service from and no circuits are single-source only. It markets its
services through a combination of customer referrals, direct sales and
advertising. In addition to its full-line of Internet access services the Company
provides web hosting, Internet videoconferencing and network security
consulting.
On the Management: The Board of Directors intends to obtain certain
assurances of value of future target entity's assets prior to consummating new
transactions, with further assurances that an audited statement would be
provided within sixty days after closing of such a transaction. Closing
documents relative thereto will include representations that the value of the
assets conveyed to or otherwise so transferred will not materially differ from the
representations included in such closing documents, or the transaction will be
voidable.
What do they do? The Company's purpose is to seek, investigate and, if such
investigation warrants, acquire an interest in business opportunities presented to
it by persons or firms that desire to seek the perceived advantages of an
Exchange Act registered corporation. The Company does not restrict its search
to any specific business, industry, or geographical location and the Company
may participate in a business venture of virtually any kind of nature. This
discussion of the proposed business is purposefully general and is not meant to
be restrictive of the Company's virtually unlimited discretion to search for and
enter into potential business opportunities.
The stock roughly: 19 Million shares out standing – 2 million currently on
lock-up until December 31st, 1999. At that time, the company will meet at
6month intervals to evaluate the need/viability of further lock-ups. This lock-up
is legally binding. 7 Million shares are available to the public (the public float).
Who has this stock: Common Arlie Enterprise, Inc. 1,324,470 6.8% 11500
NE 76th St., A3#66 Vancouver, WA 98662 Common 4-Y Investments
1,051,054 5.4% Houston, TX Common Foothill Equities Corporation
1,876,231 9.6% 11017 NE Sherwood Drive Vancouver, WA 98686
Common Dorothy M. Stewart 1,853,000 9.5% 1143 Bayou Island Drive
Houston, TX 77063 Common All Officers and Directors 1,903,200 9.8% As
a Group (4 Persons) (LOCKED UP). The balance of the Company's
outstanding Common Shares is held by 240 persons. (roughly)
NASDAQ and the future of OTC and of CCGI: The National Association of
Securities Dealers, Inc. (The "NASD"), which administrates NASDAQ, has
recently made changes in the criteria for continued NASDAQ eligibility. In
order to continue to be included on NASDAQ, a company must maintain
$2,000,000 in total assets, a $200,000 market value of its publicly traded
securities and $1,000,000 in total capital and surplus. In addition, continued
inclusion requires two market-makers and a minimum bid price of $1.00 per
share, provided, however, that if a company falls below such minimum bid price
it will remain eligible for continued inclusion on NASDAQ if the market value of
its publicly-traded securities is at least $1,000,000 and the Company has
$2,000,000 in capital and surplus. Management intends to maintain the above
mentioned status and persue completion of the qualifications for listing on
NASDAQ or some other national exchange. (Remember, The first filing was
made on May 17th, 1999 . . . our 60 days are up on July 17th, 1999. As long
as NASDAQ is not running behind, CCGI will achieve NASDAQ FULL
COMPLIANCE AS A FULLY REPORTING COMPANY by next week!)
When can insiders sell: In general, under Rule 144, a person (or persons whose
shares are aggregated) who has satisfied a one year holding period, under
certain circumstances, may sell within any three-month period a number of
shares which does not exceed the greater of one percent of the then outstanding
Common Stock or the average weekly trading volume during the four calendar
weeks prior to such sale. Rule 144 also permits, under certain circumstances,
the sale of shares without any quantity limitation by a person who has satisfied a
two-year holding period and who is not, and has not been for the preceding
three months, an affiliate of the Company. (Remember, Kim Newsome was the
only one who filed anything . . . and nobody knows the deal on that. As for Mr.
Fields . . . he just bought more CCGI in his personal account. They must file
each transaction, as I understand it . . . and that is the only one on record, that I
know of. Also, in speaking with the company . . . NOBODY is selling . . .
remember, most of those people are holding this stock from well over 1$)
Now, for some of my independent research . . . again, in no particular order:
CCGI traded at over 8$ during the third quarter of 1997 . . . The company did
a 2 for 1 split in September of 1997 . . . The previous management goofed on a
few things, and speculation on the Internet craze subsided . . . by the year's
end, CCGI was trading at about 1$ . . . the trend has been relatively flat since
then, with moves that are good on a percentage scale, but not worth explaining
here. Now, 1997 was completely dependent upon the Internet operations of
CCGI . . . it was not until February and April that CCGI acquired PMP and
UDI, respectively. (These are the real money makers at this time . . .
remember, like all Internet companies, CCGI's Internet Division, while very
impressive online, is still an infant) . . . The company's founder passed away in
November 1997, and a new management team was installed in April of 1998 .
. . that is the personal story . . . we will get to the economical story in a minute.
Remember all of this . . . and compare the financial info that I give to you with
the stock price, etc.
CCGI trades on the OTC, and is not on a major Exchange (NASDAQ). As
for most of these “penny” stocks, I have found that the vast majority of them
could not hold a gun to your head and make you believe that what they tell you
is true! If you look at most financial statements on OTC issues, then you will
find (if you find anything at all) that the numbers are “unaudited.” So, what do
these little start-up guys want? They want to achieve NASDAQ status. How
do they do this? They grow, and they PROVE that they are growing. CCGI is
doing this as we speak. Again, we will get to the financial data in a minute . . .
In the meantime, they have filed the necessary documents with the SEC . . .
upon first receipt, CCGI was asked to provide additional information . . .
CCGI did so . . . SEC was happy . . . What is the next step? They will be
reviewed for a 60 day period, after which time they will be granted with the
status of being a NASDAQ compliant, Fully-Reporting company. How did
they do this? CCGI has AUDITED financial data . . . and the necessary
requirements have been met (I am assuming, read above concerning NASDAQ
and FUTURE) . . . so, since the initial filing was dated May 17th, 1999, CCGI
should receive its status on or near the date of July 17th, 1999 . . . What does
all of this mean? It is the first step towards a listing on the NASDAQ Small
Cap.
Ok, lets talk about who CCGI has on its side: Networks Online . . .
nol.net This is a high-speed ISP that specializes in providing
businesses with Internet access. They offer dial-up, ISDN, Rocket DSL, and
T1 connections . . . web hosting, video-conferencing, international roaming,
unix shell access . . . they are partners with Cisco, Network Solutions,
Southwestern Bell, Ascend, and others.
EISP . . . or planetdirect.com This web portal is quite efficient . . . I
have been using it for a few days now . . . and it is user friendly and I can
actually use some of the features without going batty! Hehe. Customizable front
page, weather, (SKI REPORTS! HEHE) financial data, and everything else
that you could want. While Networks Online specializes in the Houston area,
EISP is everywhere!
Since you can't look at PMP and UDI (The health care divisions), I will let
some of the following numbers show you what is going on over there. ?
Recent News: HOUSTON, May 4 /PRNewswire/ -- ComTech Consolidation
Group, Inc. (OTC Bulletin Board: CCGI - news) today announced that its
subsidiary Unique Dawning Inc. has acquired Royal Living Personal Care
Home. RLPCH is a housing facility for the chronically mentally ill. This new
acquisition should add over $700,000.00 to UDI's current revenue stream by
providing expanded services in addition to those already available through
UDI's partial hospital facility in Houston. Commenting on the acquisition, UDI
President Mr. Winfred Fields said, ''With the acquisition of RLPCH, Unique
Dawning has further strengthened its presence in the Houston market. We are
continuing with our internal growth strategy at all subsidiary levels at ComTech,
as we further build on the accomplishments of 1998's tremendous growth rate.''
(Remember, this is a new factor to the balance sheet . . . and remember what
was said by CCGI earlier . . . the acquired company must meet certain
requirements . . . look for good things here, IMO)
HOUSTON, June 29 /PRNewswire/ -- ComTech Consolidation Group Inc.
(OTC Bulletin Board: CCGI - news) and Healthcor Holdings Inc. (OTC
Bulletin Board: HCOR - news) today announced that ComTech subsidiary
Unique Dawning Inc. has acquired Healthcor's Medicare and Commercial
Home Health Care Operations located in Beaumont, TX in exchange for cash.
These operations generated approximately 2 million dollars in revenues in fiscal
1998. Mr. Winfred Fields, ComTech chairman and chief executive officer, said,
''We are very pleased to announce this acquisition and further strengthen our
presence in the Texas Healthcare Industry. We are continuing to evaluate our
overall marketplace and identify potential acquisition targets.'' Mr. Fields
continued, ''This acquisition will add significantly to our existing revenue stream
while not causing any dilution to ComTech shareholders.''
CCGI acquires a division of HCOR . . . CCGI paid cash for this transaction.
They did NOT issue more shares. Some have said that debt is a good thing,
and that CCGI should have financed somehow. Well, I have some numbers
coming for you . . . and I think that CCGI's ability to pay in cash is a pretty
damn strong indicator. Now go look at HCOR . . . their balance sheet is in the
toilet . . . however, CCGI's acquisition does not reflect the HCOR balance
sheet, IMO. HCOR has been selling off many assets in an attempt to save itself,
IMO. Again, this acquisition is a new additional to the already nice numbers
(yes, they are coming . . . gimme a sec! Hehe).
Winfred Fields buys back his own stock on the open market. Now this is a no
brainer. HOWEVER, some people have to find fault with it . . . they say, wow,
big spender . . . indication to sell . . . etc. These are the same people who don't
see anything wrong with Bill Gates' selling of several million shares of his stock.
WHO CARES HOW MUCH HE BOUGHT? The fact is, he owns nearly ¾
million shares already, he HAS to file when he buys more, and he had some
cash so he bought an undervalued stock . . . and who to know better than
him?!!!
OK, I have taken enough of your time . . . I will get to the good stuff now . . . I
am doing this on a word processor, as computers are not my forte! Bear with
me! ?
We will look at 1997 . . . to 1998 . . . to THE FIRST QUARTER OF 1999
(The third numbers represent 1 quarter . . . while the first 2 will represent entire
years)
Cash: 2533 – 150624 – 150560 Total Current Assets: 11604 – 5210593 –
6543469 Total Assets: 380607 – 7554566 – 9058345 Total Current
Liabilities: 451264 – 4832102 – 5262991 Total Liabilities: 451264 – 4912797
– 5564697 Operating Income (LOSS): (168078) – 743690 – 751390 Net
Earnings Per Share: (.03) – .05 - .05 (roughly) Under Stockholder's Equity . . .
Retained Earnings (Deficit): (271631) – 443954 – 1191833
Recap . . . First quarter of 1999 is dominating all of 1998 . . . and 1998 can't
even be compared to 1997 . . . Now reflect . . . in 1997, CCGI was
(post-split) well over 4$ . . . you do the math.
Oh, I forgot . . . Net increase in cash from 1997 to 1998 . . . 2523 to 148101 .
. . positive cash flow, too.
Now, who is making the money? CCGI (as whole) - PMP – UDI – Networks
Online (in this order) Total Revenue: 993388 –7253787 – 790602 – 751558
Operating Income (Loss): 741701 – 992443 – 57557 – (54621) Net Earnings
(Loss) 715585 – 995279 – 54539 – (56430)
Golly, isn't that amazing . . . the entire 4$+ valuation in 1997 was on the only
division of CCGI that doesn't make money! But keep in mind that this is not
bad . . . almost all new Internet companies are not positive at first. That is why
they are valued so high . . . the future . . . and high speed access definitely has a
place in the future. ?
Finally, some basic financial computations that help to evaluate and compare a
company to itself and to others: All of 1998 to 1quarter of 1999:
OIROI (Operating Income Return On Investment): 9.8% to 8.3% Debt Ratio
(Financed by debt): 65% to 61% (getting lower, good) ROA (Return on
Assets): 9.8% to 8.3% ROE (Return on Equity (that's us)) 28% to 21.3% (1
quarter, remember! Beats 2% at the bank! Lol) Current Ratio: 1.08 to 1.28
(CCGI has 1.24 dollars in assets for each dollar of liability . . . notice that is
going up!) Equity: 2641669 to 3493648 (Do I even have to comment on this?
LOL)
Final thoughts . . . CCGI's Current Assets alone (Cash, receivables, etc) make
the stock worth about 38 cents! CCGI's Total Assets (including buildings, etc)
make the stock worth about 53 cents! In the past quarter, CCGI's equity has
appreciated to the tune of about 5 cents per share . . . yet the price dropped . .
.
This is my brain on CCGI . . . I hope it helps you.
If you are interested . . . you can join us at
clubs.yahoo.com This is my little haven. There are about
100 of us chatting live all day about CCGI, PABN, and many other stocks . . .
we daytrade, we hold long, we short, we throw pies at one another . . . and I
am always cracking a bad joke. Basically, we have a combination of everything
from high school investors, to Commodities traders and Investment Bankers. I
am somewhere in the middle . . . If I don't see you there, then feel free to
e-mail me with questions or responses at DVMOGULMAN@AOL.COM
When I have your e-mail, I will try to keep you updated on new events.
Have a great day! See you all in the morning! I am going to sleep!
?
Skitrade
SKITRADE IS NOT AN INVESTMENT ADVISOR SKITRADE IS NOT
A LICENSED STOCKBROKER SKITRADE IS NOT A BROKER
DEALER SKITRADE IS NOT BEING COMPENSATED BY ANY
ENTITIES FOR ANY PURPOSE WHATSOEVER. SKITRADE
ENCOURAGES ALL TO DO THEIR OWN DUE DILIGENCE BEFORE
INVESTING IN ANY STOCK. ALL INFORMATION HAS BEEN
OBTAINED FROM PUBLICLY AVAILABLE INFORMATION. THIS IS
NOT A SOLICITATION TO BUY OR SELL SECURITIES. PLEASE DO
YOUR OWN DUE DILIGENCE ON ANY STOCK WHICH YOU HAVE
AN INTEREST. |
