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FLMCQ CUSIP suspended. FINRA deleted symbol:
http://otce.finra.org/DailyList
Looks so. Website is down too.
Apparently, FLMC is no longer in business. I have been unable to reach anyone and I have received several promo flyers from their previous suppliers that state they are no longer in business with them and want my business. Does not look good to me. I am out.
I've been watching this stock for awhile. This doesn't look good, looks like someone isn't paying their distributor.
Synnex Corporation v. Florida Micro, LLC et al
Share | Plaintiff: Synnex Corporation
Defendants: Florida Micro, LLC and Daniel Jacobs
Case Number: 5:2011cv06601
Filed: December 22, 2011
Court: California Northern District Court
Office: San Jose Office
County: Santa Clara
Presiding Judge: Howard R. Lloyd
Nature of Suit: Contract - Other Contract
Cause: 28:1332 Diversity-Breach of Contract
Jurisdiction: Diversity
Jury Demanded By: None
NEWS FLMC
Florida Micro, Inc. (OTCQB: FLMC) a leading provider of technology services and equipment to corporations, educational institutions and the government is pleased to announce the award of a $400,000 contract with the Department of State for 2011, solidifying their position as a top sales agent of technology solutions to government agencies.
Daniel S. Jacobs, President and CEO of Florida Micro, Inc. said, "It is a huge stamp of approval for Florida Micro by the United States Government to give us this contract, and we look forward to more deals from NASA, Homeland Security, and the Department of the Army." This expansion by Florida Micro into the lucrative Government technology solutions arena shows an example of the Company’s commitment to consistent growth of revenue.
Florida Micro, Inc. 2010 generated sales of $36 million ranked the Company #382 on the esteemed VAR500 list which bases rankings on earnings from hardware sales, software sales and managed IT Services. The Company is a leading direct marketer of over 600,000 different brand-name technology products and solutions to government agencies, school systems, and major corporations. Florida Micro was also recognized by “Everything Channel” as a part of CRN’s 2011 VAR500 list, which ranks the top technology integrators in North America. Florida Micro's direct model offers customers one-on-one relationships with knowledgeable account managers, engineers and advanced technology specialists who customize solutions for customers' complex technology needs. Florida Micro also provides same-day product shipping and post-sale technical support. Florida Micro prides itself on its "customer-first" account management philosophy, which is the driving force behind Florida Micro and is what separates the Company from all others in the industry.
About Florida Micro, Inc.
Florida Micro has business operations in the greater New York City area and its corporate headquarters are based out of Boca Raton, Florida. Florida Micro was established in 2002 and holds over 25 Contracts with Federal, State, Local Government, and School Systems. The Company is ranked in the top 500 on the list of fastest growing IT companies, and is a leading provider of technology solutions for business, government and education. Florida Micro is also a principal source of technology products and services for top name brands such as Acer, Adobe, APC, Apple, EMC, Fujitsu, HP, IBM, Lenovo, Microsoft, Panasonic, Quantum, Samsung, Sony, Symantec, ViewSonic and Xerox. Additionally, the Company is proud of its many government and educational contracts ranging from NSA to NASA and all levels of educational institutions. For More Information, please visit www.flmicro.com
Safe Harbor Statement
This press release includes forward-looking statements covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results for fiscal year 2010 and beyond could differ materially from the Company’s current expectations. Statements in this press release document that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with OTC Markets or the Securities and Exchange Commission. The Company undertakes no obligation to revise or update forward-looking statements as a result of new information since these statements may no longer be accurate or timely. The $400,000 contract between Florida Micro and the Department of State should not be construed in any way as indicative of the Company’s future revenues or its operating results or of any predictive value whatsoever as to its future revenues or its stock price.
Doubloon, looking at the press release Dan Jacobs says "With our 2010 sales exceeding $35 Million, we are a financially strong member of the OTC Market."
What he left out is that the 2011 sales are looking like $19,000,000. That is a 45% DECLINE IN REVENUES. That is a strong company?
Must admit, when I was first told about this company I was excited, now I am thinking what the heck!
They pay for a promotion and the stock is down 30%
I box needs updating
Shares Outstanding 107,528,329 a/o Sep 30, 2011
Float Not Available
Authorized Shares 250,000,000 a/o Sep 30, 2011
Those Financials speak for themselves
Common stock issued for services $2,780,000
Cash end of period 57,996
Also
Common stock issued in reverse merger 90,000,000
Three month sales $3,792,223
Three months cost of goods sold $3,065,995
Three month net loss ($3,135,174)
I have been watching FLMC for about a year now. Has sparked enough interest to me as of yet.
Pickl any thoughts on the news or the financials?
yes..not much interest in FLMC, IMO
Did anyone read the financials?
Did anyone read todays press release?
Thanks Penny. Did you read my previous posts on WHO is doing the promo?
Financials are out
http://www.otcmarkets.com/stock/FLMC/financials
Braxton Jones managed Bluewater Executive Capital and
KCS Referal Services exclusively for Painter's benefit and at James Painter's direction.
Big question for Daniel Jacobs
James Painter was charged by the SEC February 10 2011 and Florida Micro went public February 24, 2011 but only completed the merger May 2nd. The qustion is Mr Jacobs - Did you know that your newly hired IR firm operated by James Painter has SEC charges against them?
Painter controlled the following Relief Defendants. According to their corporate documents:
a. Bluewater Executive Capital, LLC is a Wyoming company with its principal place of business in Sarasota, Florida. Braxton Jones is Bluewater Executive Capital's sole member.
b. Emerging Markets Consulting, LLC is a Florida corporation with its principal place of business in Orlando, Florida. Painter is Emerging Markets Consulting's sole member.
c. KCS Referal Services, LLC is a Florida company with its principal place of business in Sarasota, Florida.
http://www.sec.gov/litigation/complaints/2011/comp21863.pdf
Stock Promoters with Pump and Dump
"...James S. Painter, III with engaging in an illegal, and in some cases fraudulent, scheme to sell hundreds of millions of Greenstone shares to the public. At the same time, Greenstone and Miwa fraudulently "pumped" the market for Greenstone stock by issuing a series of false and misleading press releases and hiring third-party stock promoters to circulate many of these statements on the internet and via email"
SEC Charges Greenstone Holdings, Inc., the Company's Chief Executive Officer, Two Attorneys, and Four Stock Promoters with Pump and Dump
http://www.sec.gov/litigation/litreleases/2010/lr21416.htm
Jim Painter runs Emerging Markets Consulting, LLC.
Investor Relations
Jim Painter
Emerging Markets Consulting, LLC.
126 S. Bumby Avenue, Suite A
Orlando, Florida 32803
Telephone: (321)206-6682
Website: www.emergingmarketsllc.com
E-mail:jamespainter@emergingmarketsllc.com
This is disappointing
Check this out
http://themicrocapreport.com/stocks/index.php?option=com_content&task=view&id=49&Itemid=56
"Florida Micro has agreed to a 12 month commitment to pay EMC the following non-refundable fees: 9,100,000 restricted shares"
This idiot ceo paid $5,000,000 in stock for a 12 month IR program??
Florida Micro has current information. Its about time they figured out how to make a filing
http://www.otcmarkets.com/financialReportViewer?symbol=FLMC&id=60547
Florida Micro, Inc. v. John East, Christopher Davis, Brendan Mendro, Jennifer Saccu and Black Rock Technology Group, LLC
Litigation alert!
http://dockets.justia.com/docket/connecticut/ctdce/3:2011cv01446/94428/
Dean it sounds like you are a little disgruntled or just very dumb.
How does closing an office constitute being bad?
scam scam scam scam scam shell company scam do not say i did not tell you!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
thi company skipped out on the lease in Florida and CT and left the leasing company holding the bag... Very bad company
This company is a scam they are on credit hold with all of the vendors they work with
And there she blows as someone finally slaps that ask!
Hewlett-Packard Adds Florida Micro as Agent on the National WSCA Contract
http://www.businesswire.com/news/home/20110713006373/en/Hewlett-Packard-Adds-Florida-Micro-Agent-National-WSCA
Market Value1 $125,183,244 a/o Jul 11, 2011
Shares Outstanding 92,728,329 a/o Jun 21, 2011
Float 18,545,665 .................a/o Jun 23, 2011
Authorized Shares 250,000,000 a/o Jun 21, 2011
Shares Outstanding 92,728,329 a/o Jun 21, 2011
Float ....................18,545,665 a/o Jun 23, 2011
Authorized Shares 250,000,000 a/o Jun 21, 2011
I will tell you guys a little bit about this company. What I know. I have been doing business with them several years. When they were a private company. Is this new management? I do not think so. They always answer the phone. I spoke with David Thursday and one of the sales staff this morning. They are a decent company to work with. I am sending them a PO for close to $150,000 this week to purchase new technology equipment. I have never purchased from them that I did not get the order in just a couple days. I ordered several computers just last week and they are not only here already, but I have them up and running in the system perfectly.
I do not own stock yet, but I most definately will. As soon as I can figure out what the price is. That is one area I am not pleased about. Yes it is a new stock, but I do expect a call within a week wjhen I ask investor relations to call. They have not. Guess I will have to call David again.
Looks like they keep refiling the same Disclosure Statement
Initial Company Information and Disclosure Statement - Quarterly Report are out 6/14/11
O/S looks like 92,727,818 as of 6/10/11
http://www.otcmarkets.com/stock/FLMC/financials
I agree with you jaxstraw it doesnt make sense
I saw that, too. It made no sense to me, either, given there was an O/S after the R/S.
I only posted it because I saw that it was the former GAGO, which I recognized.
I'm a bit confused with this item......
9 new filings at OTCMarkets.
http://www.otcmarkets.com/stock/FLMC/financials
Here's the initial disclosure statement.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=53504
92.7M O/S!
Post any feedback if you can.
Dont know of any managment or ownership changes other than what has already been reported in the OTC filings.
I have been doing business with the company for several years. I did not know they were not public already. Is there new management or ownership involved?
Yogo
Still doing DD on this one and will post as I receive. They just did a restructureing of the company so it is a super low floater. As news starts to come out I think we will see more activity imo
So what gives here? I see a spread of .022 to 1.02. last price .53? What do you think we can buy this thing at and what would be a good entry point?
Florida Micro files disclosure documents with OTC Markets
http://www.otcmarkets.com/stock/FLMC/financials
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Officers
Daniel Jacobs, CEO, President
djacobs@flmicro.com
David Jacobs, COO, Secretary
Barbara Hughes, CFO
Contact Information
Florida Micro, Inc.
2500 N. Military Trail
Suite 210
Boca Raton, FL 33431
Phone: 800.326.7909
Fax: 561.892.0604
investor.relations@flmicro.com
www.flmicro.com
Anslow & Jaclin
, Esq.
475 Park Ave. - 28th Floor
New York, NY 10016
(646) 588-5195
Auditor/Accountant
Laskin, Kramer & Weiss, P.A.
Andrew L. Kramer, CPA
490 Sawgrass Corporate Parkway
Suite 100
Sunrise, FL 33325
TRANSFER AGENT
Island Stock Transfer
100 Second Avenue South
Suite 705S
St. Petersburg, FL 33701
Phone: (727) 289-0010
Fax: (727) 289-0069
email: info@islandstocktransfer.com
http://www.islandstocktransfer.com/index.html
OTC Markets Homepage
http://www.otcmarkets.com/stock/FLMC/quote
SHARE STRUCTURE (Information from OTC Markets)
Estimated Market Cap
Outstanding Shares
35,359,511 as of Mar 31, 2011
92,728,329 as of June 30, 2011
107,528,330 as of Sep 30, 2011
Authorized Shares
250,000,000 as of as of Mar 31, 2011
Float
129,663 as of as of Mar 31, 2011
State of Incorporation
Nevada
May 2, 2011 - Florida Micro Goes Public
http://www.freshnews.com/news/488224/florida-micro-inc-goes-public-and-completes-major-36-million-dollar-acquisition
Nov 22, 2011
http://www.marketwatch.com/story/florida-micro-inc-sales-exceed-35-million-for-2010-2011-11-22
Issued shares to promoters:
9,100,000 to Jim Painter of Emerging Markets Consulting, LLC (Charged by the SEC for Pump & Dump)
4,500,000 to ??????????????
300,000 to Anslow & Jaclin Attorneys
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All information contained herein is provided "as is." FLMC MODS make no representation or warranty, expressed or implied, as to the accuracy, timeliness, or completeness of the information provided herein, directors, officers, employees, or third party data suppliers. None of the foregoing parties shall be liable to any third-party claims or losses of any nature. Accordingly, investors should not use this information as the basis for making an investment decision.
If the FLMC MODS finds incorrect information, it will be removed or corrected in the I-Box.........I guess this means do your own DD
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