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I don't know yet. All the purchase prices that I can find in the filings are at higher prices than current PPS. The thing to be careful of is the reverse-split recommended by the BOD to get the PPS over $1. Nasdaq demands they get above $1 by July, so there's an incentive to pump this either way.
I might actually play this one.
what does this mean , translation, good or bad,,
i see not so good????
what does this mean , translation, good or bad,,
i see not so good????
nice,, looks goood from here
http://www.sec.gov/Archives/edgar/data/1094572/000119312510081653/dprer14a.htm
Overview
On February 3, 2010, we completed a registered direct offering (the “Financing Transaction”) of 3,500,000 shares of our common stock, Series 1 warrants to purchase up to 3,500,000 shares of common stock (the “Series 1 Warrants”) and Series 2 warrants to purchase up to 1,232,580 shares of common stock (the “Series 2 Warrants”). The securities were sold to two institutional investors. The initial exercise price of the Series 1 Warrants is $0.42 per share (as adjusted for any stock dividend, stock split, combination, reclassification or similar transaction, the “Series 1 Floor Price”), and they are exercisable from August 4, 2010 until August 4, 2015. The initial exercise price of the Series 2 Warrants is $0.3833 per share (as adjusted for any stock dividend, stock split, combination, reclassification or similar transaction, the “Series 2 Floor Price”), and they expire in May 2010. The Series 1 Warrants and Series 2 Warrants together constitute the “Warrants.”
In the event of (1) a stock dividend, (2) a stock split or (3) with certain customary exceptions, an issuance or deemed issuance by us of common stock (or securities convertible into common stock) at a per share price less than the then applicable Series 1 Floor Price or Series 2 Floor Price (a “Dilutive Event), then the Series 1 Warrant exercise price and Series 2 Warrant exercise price will, in the case of a stock dividend or stock split be adjusted proportionately, or in the case of a Dilutive Event be adjusted down (but not up) to that new issuance price; provided, however, that the exercise price of each Warrant will not be adjusted to be less than the Series 1 Floor Price (in the case of Series 1 Warrants) or the Series 2 Floor Price (in the case of Series 2 Warrants) without prior shareholder approval. In connection with any foregoing adjustment to the exercise price of a Warrant, the number of shares issuable upon exercise of that Warrant shall be increased or decreased proportionately, so that after such adjustment, the aggregate Warrant exercise price payable after the adjustment shall be same as the aggregate Warrant exercise price payable before the adjustment. Consequently, a reduction in the exercise price of a Warrant may result in an increase in the total number of shares issuable upon exercise of that Warrant.
In connection with the Financing Transaction, we agreed to seek shareholder approval of, and are now asking our shareholders to approve, these anti-dilution provisions, including adjustments of the Series 1 Warrant and Series 2 Warrant exercise prices below the Series 1 Floor Price, and the issuance of any additional shares of common stock resulting from or related to such adjustments.
Reasons for the Financing Transaction
As of December 31, 2009, our cash balance was approximately $1.2 million. In order to facilitate forecasted inventory purchases and general corporate expenses, our Board in January 2010 determined that it was in the best interests of the Company to raise additional funds through a registered direct offering of securities utilizing a shelf registration statement that had been declared effective in October 2009. On February 3, 2010, we completed a registered direct offering to two institutional investors of 3,500,000 shares of our common stock, Series 1 Warrants to purchase up to 3,500,000 shares of common stock and Series 2 Warrants to purchase up to 1,232,580 shares of common stock pursuant to a prospectus supplement dated January 29, 2010 and related base prospectus.
We believe that the Financing Transaction, which yielded net proceeds of approximately $1.2 million, provided needed capital to support our continuing operations, including purchase of additional inventory for sale in the near-term. We also believed that the anti-dilution protections afforded the Warrants were reasonable in light of market conditions and the size and type of the offering, and that we would not have been able to complete the sale of the securities unless such anti-dilution provisions were offered.
Check the iBox Armani. Latest news is all there.... GL! BC
where are you getting this news from?
LENEXA, KS - (Marketwire)03/18/10 ICOP Digital, Inc. (NASDAQ: ICOP), an industry-leading company engaged in advancing mobile video solutions, today announced that it has been awarded the state contract with the Texas Department of Information Resources (DIR) to provide a cooperative purchasing vehicle for technology products and services for agencies throughout the State of Texas.
Texas is the largest consumer of in-car video recorders in the United States. ICOP has closed many orders in Texas, including an order for a county sheriff's office in South-Central Texas, which purchased 20 units. In addition, a second sheriff's office in the same area, purchased the ICOP Model 20/20®-W units to equip their entire fleet of motorcycles, further validating the Company's solution for motorcycle applications. In the first quarter of 2010 to date, Texas sales for ICOP equipment exceed $189,000, and expected to increase.
This Texas DIR contract supersedes the existing contract through the Texas State Procurement and Support Services (TPASS), which was announced on January 11, 2010, and is broader in scope in that agencies outside of the state can also purchase through this contract via an inter-agency agreement. ICOP is the first, and currently the only, in-car video provider to be included on the Texas DIR contract.
"We are extremely pleased to have this contract with the Texas DIR, the state purchasing entity for technology purchases, and we look forward to expanding our presence in Texas, and other regions as a result of this award," said Dave Owen, Chief Executive Officer at ICOP.
The Texas DIR purchasing contract is available to state, county and local agencies in Texas, and is also available to public education and public entities outside of the State of Texas. Texas DIR specializes in information technology procurement to ensure the very best technological solutions are offered to its participants at a competitive advantage, and is the exclusive authority for IT commodities and services.
The Texas DIR program currently holds more than 600 cooperative purchasing contracts for technology products and services. The program saves customers money in effectively delivering the best price for much needed equipment, and saves them time by eliminating a lengthy, and often cumbersome, bid process.
"The Texas DIR contract enables us to get ICOP products into the hands of current and potential customers in the State of Texas, and across the nation, more quickly by avoiding the bid process," said Bob Bradley, Director of National Sales and Marketing. "We plan to heavily promote this new purchasing convention throughout the State of Texas and outside of Texas. In addition, this also serves as a lead generation tool for ICOP, in that any agency outside of the originating state for this contract agreement can leverage the Texas DIR contract pricing through an inter-agency agreement."
About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ: ICOP) is a leading provider of in-car video / mobile video solutions for Law Enforcement, Military, and Homeland Security markets, worldwide. ICOP solutions help the public and private sectors mitigate risks, reduce losses, and improve security through the live streaming, capture and secure management of high quality video and audio. www.ICOP.com
Forward-Looking Statements
This document contains forward-looking statements. You should not rely too heavily on forward-looking statements because they are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. This, plus other uncertainties and factors described in our most-recent annual report and our most-recent prospectus filed with the Securities and Exchange Commission, could materially affect the Company and our operations. These documents are available electronically without charge at www.sec.gov.
Add to Digg Bookmark with del.icio.us Add to Newsvine
For more information, contact:
Melissa K. Owen, Dir. of Communications
16801 West 116th Street
Lenexa, KS 66219 USA
Phone: (913) 338-5550
Fax: (913) 312-0264
Email Contact
www.ICOP.com
For Investor Relations:
DC Consulting, LLC
Daniel Conway, Chief Executive Officer
Phone: (407) 792-3332
LENEXA, KS -- (Marketwire)04/15/10 ICOP Digital, Inc. (NASDAQ: ICOP), an industry-leading company engaged in advanced mobile video technology solutions, today announced that it has been awarded a state contract for in-car video, from the State of Minnesota, for state and local law enforcement.
David Owen, Chairman and CEO of ICOP, stated, "ICOP is honored to be awarded this contract that enables MN State and local agencies the ability to purchase our mobile video solutions in the most efficient manner, as it extends the pricing, terms and conditions of the State contract to state and local agencies. Given the growing emphasis on video in this region, we believe this award represents a significant win for ICOP."
Minnesota Department of Public Safety Commissioner, Michael Campion, announced during a House of Representatives legislative session in October of 2009, a new program to use $2.5 million in federal money to equip squad cars throughout the state with video cameras. According to the terms of the contract, the Minnesota Department of Public Safety (DPS) anticipates 500 - 600 digital in-car cameras will be available through a grant process for law enforcement during the first nine months of the 2010 calendar year... and is intended for vehicles used by line officers or deputies whose primary responsibility is patrolling and interacting with the public, special unit vehicles such as canine or traffic units, and vehicles used by first line supervisors responsible for supervising the officers mentioned above. Campion also said a request would likely be presented to the Legislature to establish a funding source to keep up with technological needs relating to the cameras.
This purchasing vehicle also affords any additional state or local agency the opportunity to purchase ICOP products based on pre-determined price and terms. "While this program is a great opportunity for Minnesota agencies throughout the state to experience the benefits of in-car video, it also serves as a seeding program in allowing agencies to further justify additional funds for future fleet build-outs," said Bob Bradley, Director of National Sales and Marketing. "While DPS anticipates the current program including 500 - 600 cars across the state, it could lead to the potential of thousands of cars in Minnesota," said Bradley.
In a recent article published in the Minnesota Star Tribune, the plan is described as being "backed by Gov. Tim Pawleny... with the intent... to enhance officers' encounters with the public." The article goes on to say that the "...proposal has widespread support from law enforcement across the state."
As announced in February of this year, ICOP was also awarded the state contract with the Texas Department of Information Resources (DIR) to provide a cooperative purchasing vehicle for technology products and services for agencies throughout Texas. Texas is the largest consumer of in-car video recorders in the United States. In addition to Texas and Minnesota, ICOP also has state purchasing contracts with Utah, New Mexico and Louisiana.
About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ: ICOP) is a leading provider of mobile video solutions (i.e. in-car video) for Law Enforcement, Military, and Homeland Security markets, worldwide. ICOP solutions help the public and private sectors mitigate risks, reduce losses, and improve security through the live streaming, capture and secure management of high quality video and audio. www.ICOP.com
Forward-Looking Statements
This document contains forward-looking statements. You should not rely too heavily on forward-looking statements because they are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. This, plus other uncertainties and factors described in our most-recent annual report and our most-recent prospectus filed with the Securities and Exchange Commission, could materially affect the Company and our operations. These documents are available electronically without charge at http://www.sec.gov/.
Add to Digg Bookmark with del.icio.us Add to Newsvine
For more information, contact:
Melissa K. Owen, Dir. of Communications
16801 West 116th Street
Lenexa, KS 66219 USA
Phone: (913) 338-5550
Fax: (913) 312-0264
Email Contact
www.ICOP.com
For Investor Relations:
DC Consulting, LLC
Daniel Conway, Chief Executive Officer
Phone: (407) 792-3332
I'm hangin onto mine at least until .50.
Added ICOP .31-.32's today. Real products real contracts.. awesome alliances. Waiting for first Saudi contract..
We b in dollars by then :) Low float 18 MM.
Buy ICOP and hold it.
-Hero
3/18/10 - ICOP Digital Reports 2009 Year End Results
Investor Teleconference and Webcast to Begin at 4:15 PM ET Today
LENEXA, KS -- (MARKET WIRE) -- 03/18/2010 -- ICOP Digital, Inc. (NASDAQ: ICOP), an industry-leading company engaged in advanced mobile video technology solutions, today announced financial and operational results for the three and 12 months ended December 31, 2009.
Key Operational Highlights
ICOP experienced three consecutive quarters of increased revenues in the last three quarters of 2009.
Availability of early stimulus funds for the purchase of law enforcement equipment has begun to flow to agencies, and is expected to increase based on federally allocated funding.
81% of all purchase orders processed during the year represented re-orders from existing customers engaged in fleet deployments of the ICOP Model 20/20-W. This compared to 61% in 2008. Based on the estimated number of current customer patrol cars yet to be equipped with the Company's digital surveillance solution, potential future sales to the Company's existing customer base is an estimated $100 million.
ICOP responded to 45 Requests for Proposals (RFPs) during 2009; of the contracts awarded to date, ICOP has achieved a 47% closing ratio.
In March of 2009, ICOP announced that it had been awarded a contract to equip vehicles for the Ministry of Interior in Saudi Arabia, with the ICOP Model 20/20-W; ICOP shipped 100 units in support of this pilot deployment project, and integrated servers into five Ministry of Interior headquarters offices and 15 precincts across Riyadh, establishing the platform to support the installation of additional ICOP units. This deployment has proven to be highly successful, and follow-on orders are anticipated in the near future.
In July 2009, the Company entered into an agreement with JPS Communications Inc., a wholly owned subsidiary of Raytheon Company ("Raytheon"). This five year agreement enables Raytheon to co-brand and market ICOP's mobile video solutions to all of their existing markets, including public safety, fire/EMS, transportation and military customers worldwide. ICOP announced the sale of their first units through this partnership in September 2009 to a strategic location for the U.S. Army in Camp Zama, Japan. Many subsequent orders have been received from Raytheon. Raytheon and ICOP are working together on several large potential projects at this time.
The Company announced a sale to the Highway Patrol in the State of Querétaro, in Mexico. The Company foresees significant growth in sales to Mexico, in addition to other key global markets for 2010.
On March 16, 2010, ICOP was issued patent number US 7,680,947 B2 by the U.S. Patent and Trademark office for a technology used in ICOP LIVE™. This is an important differentiating technology as it provides the delivery of real-time situational awareness to an unlimited numbers of simultaneous first responders.
ICOP 20/20 VISION, a mobile video solution which is managed through the vehicle laptop, was successfully launched in 2009, which was developed in response to market demand from large cities and counties. The product has been well received by the law enforcement community.
Also in 2009, the Company released an 802.11n wireless upload solution, which provides upload speeds up to four times faster than the older industry-standard 802.11g technology.
The Company filed a $25 million shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC) on October 16, 2009, which was approved by the SEC on October 23, 2009. The Company has the option of selling securities off this shelf registration statement for three years, but is not required to sell any securities at any time in that three year period. On February 3, 2010, ICOP completed a registered direct offering of 3.5 million shares of our common stock, raising gross proceeds of approximately $1.34 Million, before placement agent's fees and other offering expenses.
more at:
http://www.easyir.com/easyir/prssrel.do?easyirid=C2659141656D9C96&version=live&prid=597423
3/25/10 - ICOP Granted Extension on NASDAQ
LENEXA, KS -- (MARKET WIRE) -- 03/25/2010 -- ICOP Digital, Inc. (NASDAQ: ICOP), an industry-leading company engaged in advanced mobile video technology solutions, today announced that, on March 24, 2010, it received a determination from the NASDAQ Listing Qualifications Panel (the "Panel") indicating that the Panel had granted the Company's request to remain listed on The NASDAQ Capital Market, subject to the condition that, on or before July 12, 2010, the Company evidence a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days.
The determination follows the Company's hearing before the Panel on February 25, 2010, at which the Panel considered the Company's plan to regain compliance with the minimum bid price requirement. The Company is working to timely satisfy the terms of the Panel's decision; however, there can be no assurance that it will be able to do so.
Highlighted Links
ICOP Digital, Inc.
About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ: ICOP) is a leading provider of mobile video solutions (i.e. in-car video) for Law Enforcement, Military, and Homeland Security markets, worldwide. ICOP solutions help the public and private sectors mitigate risks, reduce losses, and improve security through the live streaming, capture and secure management of high quality video and audio. www.ICOP.com
Forward-Looking Statements
This document contains forward-looking statements. You should not rely too heavily on forward-looking statements because they are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. This, plus other uncertainties and factors described in our most-recent annual report and our most-recent prospectus filed with the Securities and Exchange Commission, could materially affect the Company and our operations. These documents are available electronically without charge at http://www.sec.gov/.
For more information, contact:
Melissa K. Owen, Dir. of Communications
16801 West 116th Street
Lenexa, KS 66219 USA
Phone: (913) 338-5550
Fax: (913) 312-0264
Email Contact
www.ICOP.com
For Investor Relations:
DC Consulting, LLC
Daniel Conway, Chief Executive Officer
Phone: (407) 792-3332
Email Contact
Email Contact
4/15/10 - ICOP Awarded Minnesota State Contract
LENEXA, KS -- (MARKET WIRE) -- 04/15/2010 -- ICOP Digital, Inc. (NASDAQ: ICOP), an industry-leading company engaged in advanced mobile video technology solutions, today announced that it has been awarded a state contract for in-car video, from the State of Minnesota, for state and local law enforcement.
David Owen, Chairman and CEO of ICOP, stated, "ICOP is honored to be awarded this contract that enables MN State and local agencies the ability to purchase our mobile video solutions in the most efficient manner, as it extends the pricing, terms and conditions of the State contract to state and local agencies. Given the growing emphasis on video in this region, we believe this award represents a significant win for ICOP."
Minnesota Department of Public Safety Commissioner, Michael Campion, announced during a House of Representatives legislative session in October of 2009, a new program to use $2.5 million in federal money to equip squad cars throughout the state with video cameras. According to the terms of the contract, the Minnesota Department of Public Safety (DPS) anticipates 500 - 600 digital in-car cameras will be available through a grant process for law enforcement during the first nine months of the 2010 calendar year... and is intended for vehicles used by line officers or deputies whose primary responsibility is patrolling and interacting with the public, special unit vehicles such as canine or traffic units, and vehicles used by first line supervisors responsible for supervising the officers mentioned above. Campion also said a request would likely be presented to the Legislature to establish a funding source to keep up with technological needs relating to the cameras.
Highlighted Links
ICOP Digital, Inc.
This purchasing vehicle also affords any additional state or local agency the opportunity to purchase ICOP products based on pre-determined price and terms. "While this program is a great opportunity for Minnesota agencies throughout the state to experience the benefits of in-car video, it also serves as a seeding program in allowing agencies to further justify additional funds for future fleet build-outs," said Bob Bradley, Director of National Sales and Marketing. "While DPS anticipates the current program including 500 - 600 cars across the state, it could lead to the potential of thousands of cars in Minnesota," said Bradley.
In a recent article published in the Minnesota Star Tribune, the plan is described as being "backed by Gov. Tim Pawleny... with the intent... to enhance officers' encounters with the public." The article goes on to say that the "...proposal has widespread support from law enforcement across the state."
As announced in February of this year, ICOP was also awarded the state contract with the Texas Department of Information Resources (DIR) to provide a cooperative purchasing vehicle for technology products and services for agencies throughout Texas. Texas is the largest consumer of in-car video recorders in the United States. In addition to Texas and Minnesota, ICOP also has state purchasing contracts with Utah, New Mexico and Louisiana.
About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ: ICOP) is a leading provider of mobile video solutions (i.e. in-car video) for Law Enforcement, Military, and Homeland Security markets, worldwide. ICOP solutions help the public and private sectors mitigate risks, reduce losses, and improve security through the live streaming, capture and secure management of high quality video and audio. www.ICOP.com
Forward-Looking Statements
This document contains forward-looking statements. You should not rely too heavily on forward-looking statements because they are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. This, plus other uncertainties and factors described in our most-recent annual report and our most-recent prospectus filed with the Securities and Exchange Commission, could materially affect the Company and our operations. These documents are available electronically without charge at http://www.sec.gov/.
For more information, contact:
Melissa K. Owen, Dir. of Communications
16801 West 116th Street
Lenexa, KS 66219 USA
Phone: (913) 338-5550
Fax: (913) 312-0264
Email Contact
www.ICOP.com
For Investor Relations:
DC Consulting, LLC
Daniel Conway, Chief Executive Officer
Phone: (407) 792-3332
Email Contact
Email Contact
Security Solutions Discussed by Industry Leaders in SecurityStockWatch.com Interviews -- HID Global, Gemalto, ICOP, Wave Systems
Date : 01/07/2010 @ 12:05AM
Source : MarketWire
Stock : SecurityStockWatch.com (ICOP)
Quote : 0.48 0.0 (0.00%) @ 7:59PM
Security Solutions Discussed by Industry Leaders in SecurityStockWatch.com Interviews -- HID Global, Gemalto, ICOP, Wave Systems
RYE BROOK, NY -- (Marketwire) -- 01/07/10 --
"HID Global is focused on creating customer value through secure identity-based solutions that apply to either physical or logical access, card issuance, asset and animal identification, as well as embedded technology solutions that are used by a worldwide network of development and integration partners for a broad variety of applications
A great example is our relationship with Dell because it really provides a value proposition to end-users, by extending the value of our credentials, as well as providing a more risk-appropriate authentication solution via Dell® laptops."
These are among the insights discussed by Mr. Denis Hébert, President and CEO, HID Global (www.HIDGLOBAL.com), Executive Vice President, ASSA ABLOY
(STKM: ASSA-B) (PINKSHEETS: ASAZF)
For the complete interview: http://www.securitystockwatch.com/Interviews/in_Boardroom_HID1.html
__________________
Mr. Neville Pattinson, Vice President of Standards and Government Affairs, Gemalto North America, (www.gemalto.com) (PARIS: GTO) said, "Gemalto is the world's largest epassport supplier, according to the Keesing Journal of Identity. We provide U.S. epassports, for example, but also do many types of other programs all over the world such as supplying national e-ID cards for the Kingdom of Saudi Arabia, serving as the prime contractor for the Electronic Health Card program in Gabon and providing driver's licenses in Queensland, Australia."
For the complete interview: http://www.securitystockwatch.com/Interviews/in_Boardroom_NEV.html
Gemalto Video: http://www.youtube.com/user/JustAskGemalto#p/u/0/oEeN5C7lOIM
__________________
Ms. Laura E. Owen, President, ICOP Digital, Inc. (www.icop.com/) (NASDAQ: ICOP), said, "We established ICOP as the exclusive provider of in-car video to the Ministry of Interior in Saudi Arabia in 2009, and we expanded our presence in the Mexico market. We also announced a worldwide strategic partnership with Raytheon."
For the entire interview: www.securitystockwatch.com/Interviews/in_Boardroom_ICOP.html
__________________
Wave Systems Corp., (www.wave.com) (NASDAQ: WAVX), announced that, "...it has received a series of significant license and maintenance orders for its EMBASSY® Remote Administration Server (ERAS) software for a U.S.-based automotive company for managing its worldwide employees' laptop computers equipped with hardware-based, self-encrypting drives for the protection of sensitive customer, financial, competitive and other confidential data. The orders were received by Wave through an OEM partner in late December and total approximately $5.7 million." For more details: http://www.wave.com/news/press_archive/10/100105_WAVX.asp
For the complete interview with Mr. Steven K. Sprague, President and CEO: www.securitystockwatch.com/Interviews/in_Boardroom_WAVX.html
Bookmark With :
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Warrant? I don't need no stinking warrant. lol.
I began buying back in at under .40 today. Raytheon deal seems to be helping them move units and increase sales pipeline as expected and things are gonna look good on the next revenue sheets. Looking for this to chug back up to .60 by the end on January and will be strong buyer at under .40 at any chances i can get.
Yes the company gets the money.Also will not be able to trade the warrants after the Dec deadline. Win situation for the company, the way I see it.
LENEXA, KS -- (Marketwire) -- 08/07/09 -- ICOP Digital, Inc. (NASDAQ: ICOP), an industry-leading company engaged in advancing digital surveillance technology solutions, today provided guidance to the market regarding exercising its Class B warrants (NASDAQ: ICOPZ). Per the Company's most recent offering, the Class B warrant entitles its holder to purchase one share of common stock at an exercise price of $0.42 per share.
In order to exercise a warrant, the warrant holder must contact his or her broker, who will be able to electronically exercise the warrant for common shares of ICOP Digital, Inc. through a system operated by The Depository Trust & Clearing Corporation (DTCC). The Class B warrants are scheduled to expire on December 2, 2009.
Dave Owen, Chairman and Chief Executive Officer at ICOP stated, "I am pleased that our shareholders will be able to easily and efficiently exercise these warrants through their broker electronically. There are 8,970,000 Class B warrants, which will provide approximately $3.8 M in additional capital to the company if fully exercised."
About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ: ICOP) is a leading provider of mobile video solutions for Law Enforcement, Fire, EMS, Military, and Transportation markets, worldwide. ICOP solutions help the public and private sectors mitigate risks, reduce losses, and improve security through the live streaming, capture and secure management of high quality video and audio.
www.ICOP.com
Safe Harbor Statement
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The per share price of the Company's common stock may experience significant fluctuations, so there can be no assurance that holders exercising Class B warrants will profit from such exercise. Neither can there be any assurance that all Class B warrants will be exercised, and the Company could therefore receive significantly less than $3.7M in additional capital.
Additional information with respect to these and other factors, which could materially affect the Company and its operations, are included in the Company's most recent annual report and registration statement filed with the Securities and Exchange Commission and which are available from the Company without charge or at http://www.sec.gov.
Why exercise warrants when you can buy the stock? So the co. gets the money?
ICOP Confirms Three Day Broker Protect Period for ICOPZ Warrants
Date : 11/24/2009 @ 9:00AM
Source : MarketWire
Stock : ICOP Digital, Inc. (ICOP)
Quote : 0.4699 0.0 (0.00%) @ 7:22AM
ICOP Confirms Three Day Broker Protect Period for ICOPZ Warrants
LENEXA, KS -- (Marketwire) -- 11/24/09 -- ICOP Digital, Inc. (NASDAQ: ICOP), an industry-leading company engaged in advancing digital surveillance technology solutions, today confirmed that that the company's Class B common stock warrants, which trade publicly under the NASDAQ symbol ICOPZ, will expire and cease to trade at close of market December 2, 2009. The company strongly encourages all warrant holders to exercise their warrants before they expire.
ICOP will extend a three trading day broker protect period for any trades of the ICOPZ warrants that occur through the expiration date. Holders wishing to exercise Class B Warrants must deliver funds for the exercise by the December 2, 2009 expiration date, and must deliver the warrants for settlement on or before the broker protect period ends on December 7, 2009.
The exercise price of the Class B warrants is $0.42 per share.
As of today, approximately 45% of the ICOPZ Class B warrants have been exercised. A 100% conversion of the Class B warrants would generate gross proceeds of approximately $3,724,980 to ICOP.
In order to exercise a warrant, the warrant holder may contact his or her broker, who will be able to electronically exercise the warrant for common shares of ICOP Digital, Inc. through a system operated by The Depository Trust & Clearing Corporation (DTCC). Brokers are encouraged to contact the Company's transfer agent, Computershare (1-800-962-4284), in advance of the expiration date to confirm the procedures for exercising warrants and payment of exercise prices in light of the broker protect period.
About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ: ICOP) is a leading provider of in-car video and mobile video solutions for Law Enforcement, Fire, EMS, Military, and Transportation markets, worldwide. ICOP solutions help the public and private sectors mitigate risks, reduce losses, and improve security through the live streaming, capture and secure management of high quality video and audio. www.ICOP.com
Forward-Looking Statements
This document contains forward-looking statements. You should not rely too heavily on forward-looking statements because they are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. This, plus other uncertainties and factors described in our most-recent annual report and our most-recent prospectus filed with the Securities and Exchange Commission, could materially affect the Company and our operations. These documents are available electronically without charge at www.sec.gov.
The owners will take no directions from the pros. They keep running out of money. The product is or was the best on the market 2 or 3 years ago. It is or was over priced compared to the competition. I blew 25000 before I gave up on them. They now have better political connections so maybe they will make it. I have moved on. Have taken a large position in IWEB. Best of luck to all. THE OLD GUY
bwahahahaha good question
Smurf...over 3 and a half hours till the open and I am already checking to see what is going on...this is maddening!
Not a bash here... can anyone tell me why this comp. back in 2008 fell so hard to like .15??? tia
lmao this company is incredible.
Security cameras yes, but their products are ruggedized recording systems for use in tough environments, like law enforcement, public transit, offices, airports etc. Have never seen anything mentioned about selling these type of systems to consumers... Anyway, no biggie. You're probably right! Thanks!
It is hard not to look at this one every hour. It is in my long-term port so quit telling me how incredible they are!!!
Well they are selling security cameras so i guess u can it's consumer goods. I wouldn't call it technology over consumer goods. So the calender is right imo. Waiting on a phat icop pop any day now.
ICOP is presenting at the RedChip Investor Conference on Sep 30th. I was checking the conference schedule and found something interesting:
Look at the "Sector" that ICOP is listed under - Consumer Goods !? I would classify their current products as "Technology". Don't think they have any consumer products, do they!?
Source: http://www.redchip.com/visibility/conferencePages/NewYork2009/conferenceMain.asp?page=showschedule
Is it a mistake in the schedule, or are they presenting a new product line? Hmmmm...
Another day in the green :)
Volume almost as much as there was yesterday already! We will have an afternoon lift-off!
Shares have gone off at .74 pre-market...guess i will hold onto my .48s for a while...
When Paulson Capital Corp filed form Sc 13g I thought it would run hard eventually
Pre-market just opened at ICOP is already at .70x.719. Resistance might already break before market opens.
Limited spots left until ICOP breaks .69 resistance and then after that, there isn't another resistance until $4. ICOP also gots some PR coming out.
Going to be a great Friday! Over the weekend, as news starts to spread about ICOP, this thing will explode next week!
Any moment now before we break out. This has the potential to be a 5 bagger by the end of the month once ICOP finishes presenting their material at the conference.
About to pop, once we break resistance in the .60s, we have blue skies above!
Yeah once we break resistance, we are off to the races! Possible $2 by end of the month when ICOP speaks at the conference.
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Share Statistics | |
Avg Vol (3 month)3: | 340,734 |
Avg Vol (10 day)3: | 1,259,100 |
Shares Outstanding: | 27.20M |
Float: | 26.48M |
% Held by Insiders1: | 14.48% |
% Held by Institutions1: | 0.40% |
Overview
Headquartered in Lenexa, Kansas, ICOP Digital, Inc. (NASDAQ: ICOP) is a leading provider of in-car video and mobile video solutions for Law Enforcement, Fire, EMS, Military, and Transportation markets, worldwide. ICOP solutions help the public and private sectors mitigate risks, reduce losses, and improve security through the live streaming, capture and secure management of high quality video and audio. In addition to its digital video recorders, ICOP provides software tools for storing and managing the recorded video files, and a unique product which enables live streaming of real-time video/audio.
ICOP was founded in May 2002 in response to market demand for a digital replacement of legacy analog mobile video systems, in law enforcement vehicles. Since the launch of its flagship product, the ICOP Model 20/20®, and its successor, the ICOP Model 20/20®-W,
ICOP has pioneered mobile video solutions, advancing the security of communities.
Recent product launches include the ICOP 20/20 VISION™ (laptop controlled system) for law enforcement. ICOP offers two powerful video management software products, ICOP DVMS™, and ICOP iVAULT MMS™. ICOP LIVE™ facilities real-time sharing of video/audio, across town or across the nation, to optimize the outcome of a crisis.
INVESTOR PRESENTATION:
http://media.marketwire.com/attachments/EZIR/637/553741_ICOPInvestorPPT189.pdf
ICOP IN THE NEWS:
http://www.easyir.com/easyir/inew.do?easyirid=C2659141656D9C96
ICOP PARTNERS:
http://www.icop.com/partners.htm
GRANTS AND FUNDING INFORMATION:
http://www.icop.com/funding.htm
SEC FILINGS:
http://www.easyir.com/easyir/edgr.do?easyirid=C2659141656D9C96
About Us
Headquartered in Lenexa, Kansas, ICOP Digital, Inc. (NASDAQ: ICOP) is a leading provider of mobile video solutions for Law Enforcement, Fire, EMS, Military, and Transportation markets, worldwide. ICOP solutions help the public and private sectors improve security, reduce losses, and mitigate risks through the capture, live streaming and secure management of high quality video and audio.
The Company’s solutions for the public and private sectors are community-centric in design, with a focus on interoperability and public safety. Since the launch of our flagship product the ICOP Model 20/20® and its successor, the ICOP Model 20/20®-W, ICOP continues to pioneer sophisticated security solutions capable of materially advancing the security of communities. ICOP has expanded its scope and presence across markets utilizing a network of direct and indirect sales organizations, and key strategic partners. Recent product additions include the ICOP 20/20 VISION™ for law enforcement and the ICOP Model 4000™ for school buses and transit.
MANAGEMENT:
http://www.icop.com/management.htm
PRODUCTS:
VIDEO DEMOS:
http://www.icop.com/icop_video1.htm
http://www.icop.com/2020video.htm
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