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Profile - Pioneer Commercial Fund. (OTC BB:PCFC.OB)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | SEC | Insider
Recent Events
Aug 29Price hit new 52-week low ($1.05)
Location
1 Rockefeller Plaza, Suite 2412
New York, NY 10020
Phone: (212) 218-1850
Fax: (212) 218-1855
Employees (last reported count): 1
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Consumer Financial Services
Related Links
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Ownership
·Insider and 5%+ Owners: 62%
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Pioneer Commercial Funding Corp. does not have any operations at this time, and is seeking other business opportunities. Prior to August 1999, when the Company sold its assets constituting its mortgage lending business, the Company was engaged in the business of a mortgage warehouse lender, providing short-term financing to small and medium-sized mortgage bankers that hold warehouse mortgage loans. Financing, which generally consisted of a 10- to 90-day loan, was originated pending the non-recourse sale of the loans to institutional investor agencies in the secondary mortgage market, such as the Government National Mortgage Association, the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, and/or accredited financial institutions, such as banks, thrifts, insurance carriers and large mortgage bankers. As of December 31, 2000, the Company had no customers and funded no loans.
More from Market Guide: Expanded Business Description

Financial Summary
Pioneer Commercial Funding, prior to the sale of its assets in the third quarter of 1999, was a mortgage warehouse lender providing short-term financing to small to medium sized mortgage bankers. For the six months ended 6/30/01, revenues decreased 67% to $58 thousand. Net loss fell 41% to $773 thousand. Revenues reflect no new loans being funded during the latter period. Lower loss reflects decreased interest, compensation and professional fees.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Boaz Harel, 37
Chairman
$100K
M. Albert Nissim, 67
Pres
114K
David Sass, 65
Sec., Director
--  
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- OTC BB:PCFC.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 29-Aug-2001
$1.05 
Recent Price$1.75 
52-Week High
on 1-Sep-2000
$8.00 
Beta0.14 
Daily Volume (3-month avg)91 
Daily Volume (10-day avg)1,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-75.9%
52-Week Change
relative to S&P500
-67.6%
Share-Related Items
Market Capitalization$5.96M
Shares Outstanding3.40M
Float1.30M
Dividends & Splits
Annual Dividendnone 
Last Split: 1 for 2 on 23-July-1999
Per-Share Data
Book Value (mrq)-$0.72 
Earnings (ttm)-$1.03 
Earnings (mrq)-$0.09 
Sales (ttm)$0.04 
Cash (mrq)$0.08 
Valuation Ratios
Price/BookN/A 
Price/EarningsN/A 
Price/Sales (ttm)45.44 
Income Statements
Sales (ttm)$125.0K
EBITDA (ttm)-$2.85M
Income available to common (ttm)-$3.30M
Profitability
Profit MarginN/A 
Operating MarginN/A 
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-81.35%
Return on EquityN/A 
Financial Strength
Current Ratio (mrq)0.55 
Debt/EquityN/A 
Total Cash (mrq)$271.0K
Short Interest
As of 8-June-1999
Shares Short0 
Shares Short
(Prior Month)
0 
Daily Volume1,000 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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