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Hi everyone. I need some info. I'm new to investing and am learning as I go. I'm making small purchases on stocks that seem, to me, to have profit potential either through dividends or through stocks that I believe will grow in value. I found a stock that seemed like a good opportunity for potential growth... they had a fairly consistent history on stock price, then suffered a sudden plunge in stock price. There doesn't seem to be any bad news with the company, it is profitable, has very little debt and seems to be in a secure market. So, I bought a couple hundred shares and plan to buy more. I have a question or two about some information I found. This company dropped below 300 investors and filed to be removed from SEC filings. At the same time, the five top people in the company bought several hundred thousand shares. Is this an indicator of something I should be aware of? What does it mean, specifically, that they no longer need to report? And lastly, if they end up with 300 stock owners will they be forced to report to the SEC again? Thanks to anyone who can address my questions.
Ken
FRZT I will check it out. Thanks 1234
LYN hi,... FRZT... I'm taking position the last couple days.GLTU
$BLUU - THIS IS GOING TO BE HUGE
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GO BLUU!!!
The Hundred Billion Dollar Loophole (05.07.02)
There's a rule that the market makers use ... a rule that only has less than two hundred words in it ... and that rule allows them to naked short an OTCBB or Pink Sheet stock into oblivion. It allows them to literally create, out of thin air, as many shares as they need, to maintain an orderly market. "
(B) Proprietary short sales No member shall effect a short sale for its own account in any security unless the member or person associated with a member makes an affirmative determination that the member can borrow the securities or otherwise provide for delivery of the securities by the settlement date. This requirement will not apply to transactions in corporate debt securities, to bona fide market making transactions by a member in securities in which it is registered as a Nasdaq market maker, to bona fide market maker transactions in non-Nasdaq securities in which the market maker publishes a two-sided quotation in an independent quotation medium, or to transactions which result in fully hedged or arbitraged positions."
This rule allows a market maker to create a share in a company by simply taking the money from the buyer and making an electronic entry into their brokers' account, and the broker then electronically credits the buyer with one share of that company. But several things that no one is aware of take place in this transaction. 1. The buyer thinks that his share actually exists, but unless he or she has read his account agreement very carefully, he won't understand that all he did is give money to someone other than the company and never got any actual proof of ownership. His certificate, presumably, is sitting at the DTCC.
2. The market maker filling the order for one share has the buyer's money, and gave nothing except electronic acknowledgement of receipt of it ... the electronic entry in the buyer's account. One very important thing to understand here, is that at no point in this process, did the company in which the buyer 'invested' ever get one single dime of the money paid by the buyer for that share. There is a tremendous misconception out there that causes many to assume that when they buy a share of a company's stock, the company gets the money. This is only true if the buyer is buying an IPO, or a private placement of shares from the company.
In any other sale or purchase of a stock by an investor, the company does not even see the money. This is particularly vexing when one begins to understand what happens in naked shorting situations. Situations where the provision that allows for naked shorting to maintain an orderly market is abused.
Understand that whoever is doing the naked shorting is the one receiving the money. They keep it. For as long as it is convenient to do so. That is where the abuse of the rule comes in. That rule was created to allow for market makers, who by becoming market makers, agree to 'make a market' in certain stocks.
That means that they will sell you a share, or buy a share from you, even if there isn't any available, or there are no other buyers for it. The Market makers' job is at least partly, to provide liquidity to the market. In thinly traded securities, or securities where there is a small public float, the market makers' ability to naked short is crucial to the liquidity of the market in that security. The abuse takes place when the market maker for whatever reason determines that the market for a particular security has become "disorderly".
Too much buying pressure, for instance, can cause a price spike in that security that would have no relationship to the true book value of the security. The market maker then determines that he will naked short to fill orders, knowing that by doing so, the price will not explode on unusually high demand because he can literally issue new shares under this rule.
The market maker then waits, with an open naked short position in that stock, until the buying pressure subsides, and he can buy enough shares back at lower prices to cover his naked short position. The rule does not have any time requirements and that allows for the market maker to keep a naked short position open for potentially years.
In reality, until the buying pressure subsides enough for him to buy back at lower prices however many shares he needs to fill previously filled orders that make up his naked short position, it simply stays open, and the money sits in his account. Someone is going to ask the question, "So, how big are all those naked short positions, anyhow?"
There is another provision that says that the market makers do not have to publish their open naked short positions. Never. At all.
All OTCBB and Pink Sheet securities can be naked shorted - indefinitely - by market makers under this rule, and there is no way that an investor can discover if there is an open naked short position in a stock he may be interested in, or even how big that short position is.
So far, the SEC does not see a strong need to correct this situation, either. Think about it. There are unlimited amounts of shares that were never authorized or issued by a company made available to the unsuspecting investor.
They are authorized and issued by the market makers under this rule, and the company never gets any money from the sale of shares created under this rule.
The temptation to abuse this rule is irresistable. Just do the math. A million naked shorted shares sold by a market maker at 0.01 (one cent) is $10,000 that the market maker keeps in his account, and that the company does not get. At 0.10 (ten cents) the market maker gets to keep $100,000.
Now, that is for each million shares that the market maker creates. Under this rule, if a company and/or a group of shareholders begin to suspect a short position exists in their security, they can not discover this from any published source. The price of the stock remains constant, or goes down, even though there is unusually heavy buying ... buying that goes on for years in some cases.
The company thinks that there is someone illegally shorting their stock in an attempt to ruin the company. The shareholders think that the company is illegally printing shares behind their backs and is scaming them. Eventually, this distrust between the company and it's shareholders becomes so great that investors start selling, or the company, already damaged by a supressed share price, is forced to issue additional shares into the market because other collateral-backed loans can not be made with share prices so suppressed.
This is what the market maker is waiting for ... sometimes for as long as years. In both cases, the market maker eventually gets his naked short position covered, and all it cost was the company's reputation, the shareholders' money, and the SEC's full cooperation by allowing this abuse of the rule.
There is a third situation that the market makers naked short into ... a stock that is a likely prospect for failure. In that case, they just continue naked shorting no matter what, keeping the price suppressed, and eventually the company files for bankruptcy, and ... the company goes out of business, the shareholders lose their investment ... and the market maker keeps the proceeds of his continued naked shorting.
A good question for the SEC would be, "Seeing as how the companies that failed never got the proceeds of the sale of stock over and above their issued and outstanding, but the market makers did, isn't the SEC allowing actual fraud to take place, and condoning it by the creation and continued existance of this rule?"
Like it or not, the SEC has allowed securities fraud to run rampant in the OTCBB and Pink sheet stock markets by simply looking the other way and allowing the market makers to target the OTCBB and Pink sheet markets as a source of huge amounts of cash, literally stolen from investors by the third party creation of shares by an entity other than the the issure - the company.
This rule is nothing less than blanket permission by the SEC for market makers to become the issuers of company stock, no matter what the company's official authorized and issued amounts are. And that, my friends and fellow investors, is securities fraud on a scale almost beyond comprehension.
SEC Announces Charges Against Four Former Officials at Clearing Firm Penson Financial Services for Regulation SHO Violations
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276
FOR IMMEDIATE RELEASE
2014-101
Washington D.C., May 19, 2014 — The Securities and Exchange Commission today announced charges against four former officials at clearing firm Penson Financial Services for their roles in Regulation SHO violations.
An SEC investigation found that Penson’s securities lending practices intentionally and systematically violated Rule 204 under Reg. SHO. The SEC’s Enforcement Division alleges that Penson’s chief compliance officer Thomas R. Delaney II had direct knowledge that the firm’s procedures for sales of customer margin securities were resulting in rule violations, yet he didn’t take steps to bring Penson into compliance and instead affirmatively assisted the violations. Penson’s president and CEO Charles W. Yancey ignored significant red flags about Delaney’s involvement in the violations and the fact that he was concealing them from FINRA and the SEC. Penson has since filed for bankruptcy.
Two former Penson securities lending officials – Michael H. Johnson and Lindsey A. Wetzig – were charged in administrative proceedings and agreed to settle the charges. The SEC Enforcement Division will litigate the charges against Delaney and Yancey in a separate proceeding.
“This enforcement action seeks to hold Penson executives responsible for choosing profits over compliance with Reg. SHO,” said Andrew J. Ceresney, director of the SEC’s Enforcement Division. “We will aggressively pursue those who disregard this important rule, especially when they take affirmative steps to mislead regulators.”
Daniel M. Hawke, chief of the SEC Enforcement Division’s Market Abuse Unit, added, “Compliance officers are a critical line of defense against violations of the securities laws, and we rely on them to help prevent infractions from happening in the first place. Delaney, however, crossed the line when he participated in the firm’s Reg. SHO violations and affirmatively acted to perpetuate or conceal them.”
The SEC adopted Rule 204 in response to the 2008 financial crisis in order to address the negative effects that fails to deliver have on the markets. The SEC’s Enforcement Division alleges that when Penson loaned securities held in customer margin accounts to third parties and the margin customers sold those securities, Penson waited until settlement date (T+3) to recall the stock loans. This practice resulted in serial failures to deliver at the firm level. Rule 204 required Penson to purchase or borrow sufficient shares to close out those failures to deliver no later than the beginning of regular market hours on the sixth business day after the sale (T+6).
According to the SEC’s orders instituting administrative proceedings, Penson’s securities lending personnel including Johnson and Wetzig knew about Reg. SHO’s close-out requirements, but determined not to comply with them. Instead, they allowed the firm-level failures to deliver to persist until the borrowers returned the recalled shares, which often did not happen until the close of business on T+6. In some circumstances, Penson’s securities lending personnel allowed the failures to deliver to persist beyond the close of business on T+6.
The SEC Enforcement Division alleges that Delaney discussed Penson’s non-compliant procedures with Johnson and learned that the firm’s non-compliance with the regulation was intentional. He then agreed with Johnson not to change the procedures to bring Penson into compliance with Rule 204 because they did not want the firm to incur the costs of doing so. Delaney also approved written supervisory policies and procedures (WSPs) that he knew concealed the non-compliant procedures at the firm, and then he further concealed the violations in numerous communications with the SEC and FINRA. Meanwhile, Yancey failed reasonably to supervise Delaney and Johnson. He ignored Delaney’s efforts to conceal the violations from regulators. And despite being designated as Johnson’s direct supervisor, Yancey exercised no supervision over Johnson whatsoever.
Johnson consented to an SEC order finding that he willfully aided-and-abetted and caused Penson’s violations. He agreed to pay a $125,000 penalty and be barred from the securities industry for at least five years. He must cease and desist from committing or causing violations of Rule 204. Wetzig consented to an order finding that he caused Penson’s violations. He agreed to be censured and must cease and desist from committing or causing violations of Rule 204(a). Johnson and Wetzig neither admitted nor denied the findings.
The SEC’s investigation was conducted by Jonathan Warner and Jay Scoggins of the Market Abuse Unit and Denver Regional Office. The case was supervised by Mr. Hawke. The SEC’s litigation will be led by Polly Atkinson and Nicholas Heinke of the Denver office.
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370541860014#.U4UYgflT6zM
Although we are both holding and enjoying the ITKH ride- we see Wicks lack of recent PR's a little differently.
Back before ITKH PR'd the CELO deal they issued PR's on a regular basis:
share reduction
Data jack deal
Celo deal
The way i see it they will still issue PR's when there is something to PR. Since there is nothing going on except the Send Global operation they only issue financials and the follow up financials PR.
They PR'd the CELO deal was on hold and they have not PR'd anything since- it is safe to assume the CELO deal is still on hold.
The bio fusion deal was based on getting the $2mil cash from CELO - it is not hard to figure out- if there is no cash from CELO there can be no money to market bio fusion products.
When a material event happens - there is no doubt Wicks will PR it.
Common sense rules the day. The last thing Wicks needs to do is put out a PR that says - there is nothing new going on- LOL- relax and continue to enjoy the ride until something new happens.
Sorry banchrima, yesterday when I read your post I already had used my 15 posts for the day. Then at 9pm last night when I was able to post again I posted about the YIPI FlexNation alert and went to sleep. By then I forgot about you - I agree not very neighborly of me. Do you still want me to post your info from yesterday?
Disappointed about your non-reaction to my post, especially if it´s a loving neighbor ...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95889628
Hi LYN, ya know me hopefully from YI**-board, they banned me there recently, would you please share there that I had to sell today more than 30K shares (2 thirds of today´s volume or so) for private issues ... just to stop Smitty´s doubts re. credibility etc., LOL ... and yes, I did some cosmetic before close with a 100 shares-paint to get it to green for us all ... still have a bunch of shares ... waiting for the buck and (much) more!
GLTU
More FACToids:
2 penny picker publications picked ITKH in 2013 and ITKH had inner year runs of 300% and 100%
And lets not forget these FACTS:
Some flipped their shares in 2013 and have a .001 average. Ha ha- And me in 2013- I flipped my shares and now I'm riding 5million shares for freeeeee! Lol
Factoids are funnnnn!!! Enjoy the ride whoop! Whoop!
I think I understand what you are saying.
It's better to make $10k on $3mil rev. Like they did last year- Then to make $40k on $2.6mil like they did this year-
because $3mil is more than $2.6mil
Did I understand you correctly?
+108.33 awesome- good call!
VNTH ROCKIN!
Its all about trying to figure out which ones will huh?
Nice. It's seen some good gains recently. I like the stocks that keep on going!!
My hunch...When it goes above .017 might do .05 promptly...
We'll see how it trades... I've been wrong before. gl
Followers rising this weekend...Closed over the 400 day ma 2 days in a row...
I have shares and luv the indicators right now. That's about all I know.
What's the deal with VNTH?
FNMA- let's see what happens!
After the 1st q. Contest is over- we can start a CELO/ Send Global closing date contest. You can have 1st dibs on 1.1.14- I will change from never closing- to march 2014. Whoop whoop!
it's obvious what is going on here
with ITKH- Wick's is pumping out the fluffed up PR's every other week in combination with the bogus unaudited financial reports each quarter in an effort to inflate the PPS and to unload the never ending supply of shares that keeps hitting the market. I wouldn't doubt if the A/S is maxed out @ 3 trillion!! Now it's Wicks who is turning up the crazy!! BOOMITY boom and Blamity BLAM!!
Back on the road. Be safe and God bless!
Agree. I read your private message. It's is really too bad that your other personality has so much hate. I thank GOD he gave me the knowledge of what is reality. There is good and there is evil. There will be a price to pay. We are all guilty of sin. Thank God we have a Pardon in Christ. He paid the ultimate price, so we wouldn't have to.
Keep up the good work. Hope and pray that God gives your other personality a sign that he is on a thin line with God. As a matter of fact, a heart beat away from eternity. People like Bill Maher amaze me. People like that have no clue of reality. They put way too much faith in this world system. Too Bad.
It's been said that Sam Kinison was pleading with God at his death bed after his car accident. I believe people like Sam who mock God are on dangerous ground.
Anyways, I have to catch another flight.....Later!!
ITKH .0027 - WARNING!!
ITKH's future is so bright you will need to wear sunglasses- put them on now before you continue reading:
Notes of Interest:
Current Share Structure - both the A/S and O/S were reduced on Aug 14, 2012 - and no change in O/S or A/S since - Float has not changed since June 20, 2011
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89146073
Long Term Debt has been decreasing each year for the last 3 years- (less than $200k now):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89140067
ITKH resides in the OTC Pink Current tier.
http://ih.advfn.com/p.php?pid=nmona&article=56411315
ITKH check out the chart-blue sky breakout eminent:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89145949
_________________________________________________________________
What's New In 2013?
There are 2 pending catalyst that could break ITKH out of its 2 year trading channel in 2013:
The Selling of Send Global and debt for $2million cash.
http://ih.advfn.com/p.php?pid=nmona&article=55411945
The Marketing Agreement with BioFusion Inc.
http://ih.advfn.com/p.php?pid=nmona&article=57471771
___________________________________________________________________________________________
With the $2mil cash ITKH can:
1) Use part of the money for a share buy back
2) Use part of the money to market BioFusion product - check out the link below to see what kind of revenue and profit there is to be made selling BioFusion eco friendly cleaning products:
http://biofusion.co/uploads/BioFusion_Executive_Summary_update_5-3-13.pdf
_______________________________________________________________
Between a share buy back, and the marketing of BioFusion products - ITKH's future is a bright one- the PPS could easily reach 12 cents in short order! .
Of course there are any combinations of events that could happen in the future that could effect this projected PPS - both good and bad.
However, with the potential of $2mil cash, and the revenue/profits from marketing BioFusion products - ITKH future looks awesome!!
@ .0027 - ITKH is a definite BUY! -imo
_____________________________________________________________
AMBS ASYI AUMY BBDA BBRY BIZM BMSN CCRY CEO DHSM EDWY EOX EWRL FFFC FMCC FNMA GDSM GESI GOLD HDY HHSE HRDN IFUS III ITKH KNSC MINE MJNA MPIX MVTG MYEC NBRI NTEK PGRX POPT PPHM PRPM RAYS SCRC SFRX SKTO SNRY SRGE SSN STOA SVFC TDEY TECO TSOR TXCC VDSC WHEN
sweet. looks like it's headed back up - good luck!
I bought some a couple days ago at .0026. Nice SS.
oops- didn't mean for that to be sent private:
sometimes these flex nation -guys stay on a play 2 or 3 days - sometimes weeks. flex told me he will be around for awhile- like always time will tell.
the awareness has been good for ITKH
- over 20 new board marks (when people DD ITKH they will want to hold long term for the big payday- imo)
- volume is way up from 79,000 shares average over the prior 10 days to over 15,000,000 shares traded in 3 days
- bid went from .0019 to current bid of .0033
- ask went from .0024 to current .0034
- hit a high PPS this morning of .004 - which we haven't seen in over six months.
Now it's up to ITKH to PR the Send Global Closing and that they have secured the $2mil Cash - then it's on to a new 52 week high over .005
lyn Believe flex people gone soon if doesn't move much.Long termers a little different.Still a great co for a long time. Looks like we are stuck with you know who though, bummer.
stars are lining for STOA $$%%%
Everything is aligned for STOA to go big!
STOA=$$%%%% the merger value is very BIG and the SS is small
it will go very very very hIGH
STOA - could end up being the play of 2013!
STOA(0.006) is not your usual pennystock ,what is coming is very big
we don't see that often in Pennyland ...
the deal :
on 25 Feb,2013
Iris’s new waste-to-energy plant in Phuket a revenue churner
The investment is through its newly incorporated company in Hong Kong, Regal Energy Limited, which owns 65% of equity shares of the newly-formed joint-venture company, Weinan IRIS Envirowerkz Zhouji Renewable Resources Co Ltd.
plant expected to generated gross annual revenue of between RM55 million (US$17.71 million) and RM60 million based on current load. -
http://www.greenprospectsasia.com/content/iris%E2%80%99s-new-waste-energy-plant-phuket-revenue-churner#sthash.ktdup5Wp.dpuf
the letter of intent with STOA
and on 18 March ,2013
Sitoa Global Signs Letter of Intent with IRIS Corporation Berhad
"IRIS and Sitoa, both of which are technology companies, identified the Waste-To-Energy and Renewable Energy businesses as a growing and timely priority and thus appropriate to be acquired by Sitoa because they could potentially achieve an attractive valuation on a U.S. Stock exchange, enhance shareholder value, attract growth capital and expand its business."
merger expected to close before June 30
The following is from STOA news:
owner of certain selected waste-to-energy assets; and other Renewable Energy and waste to energy "Pipeline Project" assets, owned by third-party owners and with whom IRIS will secure appropriate agreements to these projects, technologies, rights and obligations (the "IRIS Renewable Energy Business") in respect of a proposed transaction in which Sitoa will purchase IRIS Renewable Energy Asset plus waste-to-energy assets owned by other third parties in exchange for common shares in Sitoa. On completion of the acquisitions, IRIS will become the majority shareholder of Sitoa as a result of the share exchange and Sitoa will pursue the development of the acquired renewable energy business in accordance with IRIS's business plan. The terms of the acquisition will be more particularly set forth in the Definitive Agreements to be mutually agreed upon by the Parties and the acquisition expects to be completed by the end of the Second Quarter, 2013.
and before June 30 MERGER coming ...
STOA website showing:"FUTURE HOME OF SOMETHING COOL"
it is coming ...
http://www.sitoaglobal.com/
CONFIRMATION from IRIS corp page on Businessweek >>
they have the merger listed under their MERGER/ACQUISITION page
Transactions by IRIS CORP BHD (ICB) in the last 6 months
http://investing.businessweek.com/research/stocks/transactions/transactions.asp?ticker=ICB:MK
Announced 03/18/13
Iris Corporation Bhd., Renewable Energy and Waste-to-energy Assets
Merger/Acquisition
Sitoa Global Inc. (OTCPK:STOA) entered into a letter of intent to acquire renewable energy and waste-to-energy assets from Iris Corporation Bhd. (KLSE:IRIS) and other third parties on March 18, 2013. Sitoa Global Inc. entered into a letter of intent with IRIS Corporation Berhad, the owner of certain selected waste-to-energy assets; and other renewable energy and waste to energy pipeline project assets, owned by third-party owners and with whom, IRIS will secure appropriate agreements to these projects, technologies, rights and obligations in respect of a proposed transaction, in which Sitoa will purchase IRIS renewable energy asset plus waste-to-energy assets owned by other third parties, in exchange for common shares in Sitoa. On completion of the acquisitions, IRIS will become the majority shareholder of Sitoa as a result of the share exchange and Sitoa will pursue the development of the acquired renewable energy business in accordance with IRIS's business plan. The acquisition expects to be completed by the end of the second quarter, 2013.
STOA transfer agent confirmed 264 million shares this week
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88970924
watch for a big run here(multiple pennies)
the STOA/IRIS corp merger is about very very very big dollars >>>
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89037150
with the STOA merger valuation,
IRIS corp is building with STOA a huge waste -to-energy company
and we know that plant that will supply the New company after the merger is expected to generated gross annual revenue of between RM55 million (US$17.71 million) and RM60 million based on current load. - See more at: http://www.greenprospectsasia.com/content/iris%E2%80%99s-new-waste-energy-plant-phuket-revenue-churner#sthash.UyMoG4yz.dpuf
a company generating around 18 million $ in revenues worth at least 4 times that in market cap around 80 million $
and
we have confirmed this week an O/S of 264 million with the TA
so if we inject that value in STOA onm the actual SS logically
80 million$ /264 million shares =0.30 price per share
but i am not taking in account yet the shares to be added for the acquisition
However, if they create/issue Preferred Shares to exist as the controlling interest with non-dilutive measures taken by having the Preferred Shares to be converted on a “1 for 1 basis into common” (which would never be converted to keep from losing the controlling interest) with a 1 for ??? (whatever ratio determined) basis amount for votes to cover 51% or greater of the votes, then the OS can remain the same at 264 million shares which would enhance its valuation since the lower the OS is… the greater the valuation of the stock/company will be.
from STOA PR:
"IRIS will become the majority shareholder of Sitoa as a result of the share exchange"
those 0.25/0.30 are inplay with STOA
STOA .006 - check out the very bottom of this post:
Announced 03/18/13
Iris Corporation Bhd., Renewable Energy and Waste-to-energy Assets
Merger/Acquisition
Sitoa Global Inc. (OTCPK:STOA) entered into a letter of intent to acquire renewable energy and waste-to-energy assets from Iris Corporation Bhd. (KLSE:IRIS) and other third parties on March 18, 2013. Sitoa Global Inc. entered into a letter of intent with IRIS Corporation Berhad, the owner of certain selected waste-to-energy assets; and other renewable energy and waste to energy pipeline project assets, owned by third-party owners and with whom, IRIS will secure appropriate agreements to these projects, technologies, rights and obligations in respect of a proposed transaction, in which Sitoa will purchase IRIS renewable energy asset plus waste-to-energy assets owned by other third parties, in exchange for common shares in Sitoa. On completion of the acquisitions, IRIS will become the majority shareholder of Sitoa as a result of the share exchange and Sitoa will pursue the development of the acquired renewable energy business in accordance with IRIS's business plan. The acquisition expects to be completed by the end of the second quarter, 2013.
http://investing.businessweek.com/research/stocks/transactions/transactions.asp?ticker=ICB:MK
IRIS a 150 million $ co is building a waste-to-energy Powerhouse in STOA !!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89041877
NO, I did not. I forgot to ask.
I shouldn't give you this number, so if Mr. Wicks ask, tell him you got the number from the home office.....lol
You can email me at: don@bowren.com for Mr. Wicks cell number.
Did you get a chance to ask him if they intend to do a share buyback?
Nice update dbowren, sorry you had to ask him about the float - LOL. sometimes the pinksheet.com #'s are not up to date. I like to get the #'s from the TA. That is good the SS hasn't changed.
Oh boy, not what I wanted to hear-more waiting on the Send Global deal. It will be interesting to find out the new expected closing date. in the mean time I guess it's good ITKH will still be bringing the $3million in revenue Send Global generates each quarter. Maybe they can make a few $100k profits this quarter.
The BioFusion deal specifics is also something I look forward to. I assume, like with most marketing deals, the $profit potential is big for ITKH and I would like to know exactly what this deal will mean to ITKH's bottom line. The more the profit the better for the PPS.
Over all, some good info and clarification on current deals that are in the works.
I checked out the pics on your facebook page. thanks for posting those.
And thanks a lot for sharing your conversation with Mr. Wicks.
I have tried the ignore feature with out success. The spirit is willing but the mind is weak- lol
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