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Re: OCKHAM'S RAZOR post# 5276

Friday, 05/10/2013 9:23:26 AM

Friday, May 10, 2013 9:23:26 AM

Post# of 6186
DMPD - Change of control per 8K AH
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9278587

IRIS CORP BERHAD
Looks like a change of control, new company trades on the Malaysian exchange with a 268 million market cap.
It's OTCQB, SS updated yesterday. New co. is getting 96.75% of the outstanding so true public float should be about 10 million.

http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=ICB:MK

IRIS Corporation Berhad, together with its subsidiaries, engages in technology consulting, and the implementation of digital identity and business solutions businesses primarily in Malaysia. It is involved in the research, development, and manufacture of contact and contactless smart technology based products; provision of products, services, maintenance, and solutions for identity security documents, biometrics information technology and communication, and carbon cleaning system; and professional design, construction, and maintenance of automatic watering and feeding systems for agriculture, horticulture, and other purposes. IRIS Corporation Berhad also engages in maintaining and servicing autogate and image retrieval identification systems; marketing contact and contactless smart technology based products; provision of waste management, and power and energy related systems; agricultural activities; and manufacture, supply, and trading of Styrofoam products and consumable parts. The company was incorporated in 1994 and is headquartered in Kuala Lumpur, Malaysia.
Detailed ICB:MK Company Description...
www.iris.com.my
Founded in 1994

Recent Company Pr
9 January 2013

IRIS OPENS WASTE INCINERATION POWER PLANT IN PHUKET

KUALA LUMPUR, 9 January 2013: World renowned smart technology solutions provider IRIS Corporation Berhad has announced that its Thai subsidiary PJT Technology Co., Ltd (PJT) has today successfully opened a Municipal Solid Waste (MSW) Incineration Power Plant (IPP) in Phuket, Thailand. In attendance were Mr. Preecha Rengsomboonsuk, the Minister of Natural Resources and Environment, Mr. Maitri Intusu, Phuket Governor and Dato’ Tan Say Jim, Managing Director of IRIS Corporation.....

"Tradeable" public float for DMPD = under 10 million shares!

The 8k says DM Products is giving Iris 96.75% of the outstanding shares.

DMPD Security Details
Share Structure
Market Value1..........$612,678 a/o May 08, 2013
Shares Outstanding......306,339,011 a/o May 08, 2013
Float...................124,487,594 a/o May 08, 2013
Authorized Shares....400,000,000 a/o May 08, 2013
Par Value 0.001


306,339,011 X .9675%= 296,382,993 Iris will have control over


306,339,011 - 296,382,993= 9,956,018 million share TRUE public float


Last Company Earnings for 2012

Iris Corporation Bhd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012

Feb 26 13

Iris Corporation Bhd. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, revenue was MYR 122,798,000 against MYR 135,436,000 a year ago. Profit before taxation was MYR 4,030,000 against MYR 12,755,000 a year ago.

Revs were 41,131,435.70 USD




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