post #441 of 602
1/20/09 at 3:00pm
You are prolly correct..however....if the S1 gets released and you are on the side..it will be a big penalty if you want to re-enter...I want to be there with a full position when this happens.....tnx..Larry
here is a link to the pending S1....it tells where this company is headed...the business plan is excellent...tnx..Larry
I like what he's saying, but am cautious. Usually, the new man in town likes to start off with a bang, and sometimes can't live up to his hype, so I want to see what he actually does before getting too excited.
BTW, talking about the new FLCR CEO, not Obama, though the same applies to both.
JWSchmidt3....Thanks for taking the time to read some of the DD...Read some of Golfman's posts as he has excellent incite as to the company potential...What you say about new guy is usually very true....but in this case it takes on a much different aspect as the new CEO was selected upon his proven credentials as a company turn-around expert...DD shows that he has done several major turn-arounds...He is a professional fixer....Yes, his shareholder letter came off with a bang, but please note that he followed with the SEC S1 submission stating the companies complete mission....He is a man of his word and is waiting as are we, for the S! approval which will be the trigger for complete launch of the business plan...tnx...Larry
This move is unheard of in the OTCBB market...!!!!!
FullCircle Registry Announces Reduction of Outstanding Shares of Common Stock and Installs new Board Member.
FullCircle's Chairman and former CEO have surrendered 50% of their holdings
to the company's treasury
SHELBYVILLE, Ky., Aug. 13 /PRNewswire-FirstCall/ -- FullCircle
Registry, Inc. (OTC Bulletin Board: FLCR) today announced that Alec Stone,
Chairman, and Isaac Boutwell, former CEO and current Board Member, have
each surrendered 50% of their personal share holdings to the company's
treasury.In an effort to improve shareholder equity and stockholder
confidence, these two directors and significant shareholders have together
surrendered approximately 15 million shares. "We believe that by returning a major portion of our holdings to the
treasury we will show the investment community our commitment to and
confidence in the future of FullCircle," stated Alec Stone, Chairman of
Stone also announced that FullCircle has installed Norman L. Frohreich,
President of Norlander Information Services, Inc., to the Board of
Directors. Frohreich owns and operates his own consulting firm providing
services to the business community. Earlier this year Frohreich was
retained by FullCircle to assist in our transition into the insurance
agency business model. Frohreich has participated in start-up or
turn-around assignments with many companies in the past 35 years. In
addition, Frohreich currently consults with recreation vehicle
manufacturers and dealerships in the United States. Frohreich holds a
degree in Economics from Purdue University with emphasis in financial
management. "I am excited to be able to assist and participate in
FullCircle's transition into the insurance industry," said Frohreich.
Discussing the new directions of FullCircle, Trent Oakley, President
and CEO stated, "Our new insurance agency business model is beginning to
show promising results. We have expanded on this concept and are in the
process of acquiring additional agencies. We have begun developing the
necessary infrastructure and staffing to facilitate the needs of the new
business model. FullCircle has aligned itself with several major insurance
companies and has been provided licensing to sell those products. This new
insurance venture has already demonstrated a potential for success and will
show improved revenues in the September quarter."
Oakley also stated that, "In addition, through our business alliance
with AMPO II, Inc. and its large data base, we will have access to
additional prospects that we can market our estate planning services,
Medicare Supplement plans, Medicare Advantage plans, life insurance,
annuities, and other financial services. We also believe that our Emergency
Notification Company program and our medical information storage program,
will provide a quality lead generation tool for our new agency force as we
expand our exposure with our original core products. Demographically, these
prospects are a perfect match for our new product offerings." Oakley added,
"The intent in our new direction is to bundle all FullCircle products such
that FullCircle Registry becomes a one-stop-shop for all insurance needs.
We have engaged our web master to begin making the necessary changes to our
About FullCircle Registry, Inc.
FullCircle Registry is now an insurance agency with additional
technology-based products that offers emergency document and medical
information management to our consumers. Through the use of coded customer
ID's and personal identification numbers, the system is designed to allow
customers and/or medical personnel to quickly obtain critical information
about specific medical needs. FullCircle Registry is headquartered in
Shelbyville, Kentucky, and its common stock trades on the OTC Bulletin
Board under the symbol "FLCR". For additional information, please visit the
company's website at http://www.fullcircleregistry.com.
Except for the historical information contained herein, the statements
in this announcement are forward-looking statements which involve risks and
uncertainties that could cause actual results to differ material from those
expressed in, or implied by, the forward-looking statements. Factors that
might cause such a difference include, but are not limited to, those
relating to general economic conditions in the markets in which the
companies operate; success in the development and market acceptance of new
and existing products; dependence on suppliers, third-party manufacturers
and channels of distribution; customer and product concentration;
fluctuations in customer demand; maintaining access to external sources of
capital; ability to execute management's expansion; obtaining of necessary
regulatory approvals; and other risk factors detailed from time to time in
the companies' filings with regulatory bodies.
For further information, please contact Trent Oakley of FullCircle Registry,
or fax, 1-502-964-8069,
SOURCE FullCircle Registry, Inc.
....In short, it means that the persons that returned their personal shares were in fact returning them to the company treasury for free as they have faith in the company and want to help fund their new business plan.....They are putting funds into the company in the form of their shares...There is no better scenario than to have company people using personal funds to invest in their company...The move can be verified in the company filings if you so wish........At that time, The present CEO was brought on as a board member....His performance was recognized and was voted to be the CEO/CFO to run the company and move its mew business plan forward
Its bearing on current prices can only be related to the up coming S1 approval which is the trigger for obtaining additional funds to move the business plan into full effect....
Jasman...a couple of trades at the ASK for 100K each would put us above .05 in a nano second....gotta get rid of NITE...last trade .04
FLCR This stock PPS is near text book on the recent chart....higher highs...higher lows and higher closes with a little sidewise accumulation in the last couple of days closing at .04 on the ask...This accumulation period is very healthy...significant volume is yet to come...S1 approval will be trigger