IQ Micro Inc (fka IQMC)

[Renee]

IQMC revoked:

http://www.sec.gov/litigation/admin/2014/34-71319.pdf

[Renee]

IQMC SEC Suspension:

http://www.sec.gov/litigation/suspensions/2013/34-70375.pdf

Order:

http://www.sec.gov/litigation/suspensions/2013/34-70375-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2013/34-70374.pdf

[Aduke]

IQMC - Looking good here - $0.0012 x $0.0016

[acing58108]

Is this company still around? Can't find anything about it online. Stock's been dead for awhile.

[quant_in_school]

IQMC DD Report

Stock Structure:

Authorized Common Stock: 300,000,000
O/S: 50,199,500 (12/31/05)
Authorized Preferred Stock: 25,000,000
O/PS: (12/31/05)

Company Background:

Originally formed as Enclave Product, Ltd., a shareholder group in Florida acquired controlling interests on October 18, 2004, effected a 1-for-200 reverse stock split, changed the name to IQ Medical Corp., and approximately a year later, changed the name to IQ Micro Inc. Through June 9, the company had no real operations.

On June 9, 2005, Osmotex AS and its Florida-based subsidiary, Osmotex USA, Inc., entered into an agreement licensing to Osmotex USA exclusive, worldwide sales and marketing licensing rights, in addition to intellectual property rights of Osmotex. On that same day, IQMC entered into agreement with Osmotex USA, exchanging 42,670,000 shares, or ~85% of the company for licensing rights. As a result, Osmotex USA became the majority owner of 85% of IQMC stock. On January 12, 2006, final agreement was whereby Osmotex licensed full rights to Osmotex USA, and Osmotex USA licensed these rights to IQ Micro, Inc. As a result, the success of IQMC is highly linked with the success of Osmotex.

IQMC also arranged for $500,000 in external debt financing to be arranged by D.P. Martin and Associates, Inc., as well as assistance in the Osmotex-IQMC contract, in exchange for 1,000,000 shares to be placed in an escrow payment until the completion of said arrangement. However, because D.P. Martin never secured $500,000 in external financing, the escrow account was deleted and the shares retired. IQMC also arranged for $500,000 in secured convertible debt financing from Cornell Capital Partners, LP. This debt can be converted into up to 9,800,000 shares of common stock at lesser of price of $0.64, or amount equal to 80% of lowest closing bid price of common stock for the five days preceding the conversion. $300,000 of said debt was then given to Osmotex USA, which was transferred for use in research by Osmotex and by CSEM, with whom Osmotex contracted for said purpose. Additional debt was later secured, and is described by the following table:


Closing Date Gross Proceeds
August 12, 2005 $ 500,000
November 30, 2005 $ 250,000
February 8, 2006 $ 250,000
March 29, 2006 $ 500,000
February 15, 2007 $ 95,000


Additionally, the company entered into agreement with Hawk Associates, Inc., and in consideration for services, granted it five year warrants (expiring July 31, 2010) at an exercise price of $0.51/share. Upon conversion of the $500,000 convertible debt issued by Cornell Capital Partners, LLC, up to 27,000,000 shares may be issued.

Liabilities, as of June 30, 2007, are estimated at $2,902,985. Working capital was $1,101,496 in deficit, and assets stood at $230,550 in net licensed rights and $75,185 in net deferred finance charges. Accounts payable to the company was in value of $395,915. As a result of the illiquidity, the company decided to nullify its status as an SEC-filing company.

Industry:

Microfluidics is a relatively new industry, developed in the late 1990s, with applications in circuits, healthcare diagnostics, manufacturing processes, medication, fuel cells, printing, electronic displays and cooling, as well as security.

In particular, there has been a major issue: a lack of an effective, cheap microactuator; this has acted as a bottleneck for the industry for a number of years. Osmotex has developed a microfabricated low voltage actuator, which can be combined a chip to act as a scalable pump which can be easily altered for function. Osmotex exploits electrokinetic properties of fluids in order to achieve this output.

The company has a competitive advantage in that its technology does not produce electrolysis or gas evolution at the electrodes, and the systems produced can be more complex because of the inherently simple, modular nature of the “invisible pump” technology.

Osmotex also develops technologies using Micro Electro-Mechanical Systems, or “MEMS”, which can allow data-gathering from micro-environments by measuring mechanical, thermal, chemical, optical, and magnetic phenomena.

As of February 8, 2006, the WHO estimated the number of people with diabetes to be approximately 200 million, and growing; the cost of treating the disease was around $132 billion. The company believes that with consistent and accurate glucose monitoring, the amount of health care spending on diabetes complications could be significantly reduced.

[Carlito]

IQMC !!! 002 X 0023 >>> hdsn Big short !!




Something is UP !!!!

Pipe Dreams Share Sunday, March 14, 2010 1:58:25 PM
Re: Pipe Dreams post# 904 Post # of 1311

Repost

I also received a response from the company. This one was from Johnny Christiansen. I basically asked if there were any plans for IQMC and here was his response.

There might be in the future be some strategic changes to the company and there has been current interest to re-organize the company. The interest is that IQ-Micro has its current value in being a company listed and we are looking into the use of such a structure to increase the value of the future.
The owners of the patents are also hit by the financial"crisis" and the investments going forward has been slow. The micro pump technology as such is a very promising technology and I have sincere hope to recapture value for shareholders as well as the initial founders who has used a substantial amount of cash and time all being disappointed that the funding has been difficult.


Dash

[schmatty]

HERE COMES THE PUSH

[Carlito]

IQMC 002 , RM rumors >>> group loading it up !

[Carlito]

Cola wackers need to stay away from this 1 !!!!

[Carlito]

0019 , Who's is loading here !!! the past days ??

[Carlito]

0019, >> 002 <hod << Low floaters are hot lately !!!


Something brewing here !!!!!!



the right RM play !!!

[Fred Fry]

Hit .0018 hehehe eom

[MrK]

IQMC with a dragon fly doji at the moment

[MrK]

has more volume than before..chart looks reset IMO pretty quiet stock though

[acing58108]

Nice to see it's still alive. Anyone care to analyze the charts on this one? Looks interesting.

[MrK]

IQMC Dead board but its got movement today

[MrK]

15's up and being baught...little suprized

[MrK]

15's hit~even for the day...definately strange day yesterday keep and eye on this one...may get lucky LOL

[MrK]

Looks like a little buying comming in...more interest than before yesterday...not all bad i guess...dead board though

[MrK]

hmmm....i dont know about to get shares....looking at the history of this stock's charts, it may have been just another ATM withdraw from something planned out...I could be wrong though. It was a big volume spike though which for someone holding shares and loading them for the past several months or longer only to push the panic button for dumb money (typically in the a.m. trading) to rush in an be left holding a bag or two. GLY

[declaes]

I'm buying here... this was a fake rush to get shares... another run will come soom imo. worth a little risk at 0.0016 imo.

[PipBoy]

hahahaha what happen here??? the same pump and dump crew involved is my guess....

[Macky828]

IQMC after lunch bounce looking good

[marconius]

IQMC bounce time, hit that ask!

[weebs]

IQMC Possible afternoon runner coming, thin L2, moves easily.

[Rainer]

IQMC On watch for huge bounce after lunch.

[Macky828]

IQMC bounce

[levelnever]

The DD post on here is now way outdated, there certainly could be something up at some point, but they are currently deliquent with Colorado SOS, so nothing here yet IMO. From everything I'm seeing, it appears this was a short-term group play.

[gagmi]

Someone is sitting at .0025 taking all sells.....

[ClarkKant]

Hold for another big run IMO

[SudoIn]

Hits coming, it's gonna run!!

[SudoIn]

Yeah, it's gonna bounce!! Get it on!!

[Chowda633]

IQMC great bid support now

[Chowda633]

IQMC Forming a good base here! Still running today IMO

[mquattrini]

where do you see 500%???
Definitely not today.
I saw on L2 transactions some poor guys bought in at 0.0040 and above, up to 0.0054!
Those are now officially bag holders because they chased the stock.
As most of ppl here, I got a tweet for this momo play at 9:40am.
The pps was 0.0022. I put a buy order limit of 0.0025 and never got filled as the pps jumped right up to 0.0035!
In a couple of minutes, it reached its peak today at 0.0054 and all the first buyers dropped their shares to take the profit, in the range of 200%.
Still I think and I experienced that it is as hard to get out of a position when shares are suddenly dumped as it is to get in when you plan on chasing a stock up.
Results: a lot of ppl are now bag holders who will not have any way to get out without a heavy loss.
I didn't chase and I am a happy trader :) I save myself a nice loss today.
Let's see what next Wed 9:40AM will bring.
Whoever announced this pick can't say he sustained a 800% weekly profit...

[bigskygreg]

IQMC perfect here for the bounce

[Macky828]

IQMC running

[dlake]

IQMC running up today, get in for the second leg up before its too late

[Rainer]

Anything under .003 looking like a good entry, IMO

[TheProfessor]

Could bounce big from here. L2 is so thin on the ask.

[weebs]

Nice bid support- super thin L2- moves easily hitting that ask.

[igler]

this puppy is ready to blow!

[n4te0ne]

l00ks interesting here

[zero_zero_zero]

.0028 great bounce play here IMO

[Tommytj]

IQMC 1st 500% for March 2011 busting out of the gates

[igler]

IQMC momo play! pull back now

[Chowda633]

IQMC MAKING ANOTHER MOVE HERE!

[mquattrini]

This is a pure P&D as this company has absolutely no news whatsoever.

It had a quick jump to 160% and then retraced right away from pumpers selling back their shares to future bag holders.

Never chase a stock, especially a P&D one like this one.

[SudoIn]

Yeah, IQMC in play!

[radio123]

Its ALIVE buzz all over, 500% by lunch IMO