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JMCP Announces Results of 5 Day Meeting
JMCP Corp. (Pink Sheet: JMCP) James Monroe Capital Corp. Announces Results of 5 Day Meeting and the Connection to Rosneft the Russian Federation Owned Gas & Oil Conglomerate
Monday September 3, 4:34 pm ET
PALM BAY, Fla., Sept. 3 /PRNewswire-FirstCall/—JMCP Acquisitions Corp. (Pink Sheets: JMCP - News) CEO, Frank Love announces, “The 5 day emergency meeting was a total success. I will be press releasing the topics covered and the results over the next several business days.”
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Frank Love further states, “On the JMCP Acquisitions web page (http://www.jmcpacquisitions.com-a.googlepages.com/home) under the file name: PlanofActionSummarry.doc You can read all about the JMCP Acquisitions Joint Venture with Strat Petroleum in Rosneft territory. In all of our contracts with Strat/Rosneft I demanded a “First Rights of Refusal”, for all projects. In other words, we have the right to decline on any future Oil projects before they can pass the offer onto the next company looking to venture into the vast Russian Oil operation. Is it predatory? You bet!”
Frank Love states, “Rosneft has positioned itself above Russia’s 2 largest Oil companies Lukoil and Gazprov. Rosneft expects to produce 145 million tons of oil by 2011 with their newly purchased YOKOS assets at auction in early 2007, one of which was the “Samara Region oil fields”. Russian President, Putin, is utilizing these vast oil fields as a tool to attract foreign investment dollars into Russia.
Frank Love continues, “There’s an old saying in the real state business, location-location-location. In the oil business we have our own saying, its “Strategic Location” and James Monroe Capital Corp. cannot get anymore strategically located then it currently is with the Strat/Rosneft Joint Venture in Russia.”
Frank Love, also states, “One final note, I noticed that the short interest on JMCP has increased 1,694% since last month. Like a thief in the night, I will show absolutely zero mercy to naked short positions.”
