Indocan Resources Inc. (IDCN)

[stoflat]

Keep hope alive... for now. Need to hear something official from the company. The fading volume will eventually be followed by fading share price.

[allen1459]

yeah me too

[stoflat]

I wish it was holding that range... lol

[allen1459]

On the bright side it seems to be holding 006/007 range...at least for now..

[stoflat]

Thanks for putting that out there, bud. Most don't know about that from many years ago.

[iblong2]

While the O/S is about 7.5 B, the actual trading volume is much less. There are about 2 B shares held by Canadine investors that can't be traded, 700 MM shares held by the Miller estate that aren't trading and a certain amount held as certs that no broker will accept, maybe 1 B shares. My guess is that the actual trading is between 4 - 5 B shares.

[doinit]

O/S IS 7,407,945,445

[stoflat]

Light volume, hope it holds the 7 range. Until we get some sort of information from an individual representing the company releases a formal press release, we will eventually start ticking down.

Hopefully I worded that to EVERYONE'S liking. ugh!

[stoflat]

Agree on the difference....I was responding about the part that stated.... "available stock being bought back'...
When the words "bought back" are used, that usually always means back to the company... no? SO yep.... all in the words as you say.

Plus, I didn't say "buy back shares"... I said the "company buying shares"..... IDCNADMIN said "bought back shares".... ALL in the words, all in the words...

So why ask me this?... "Why would a company just beginning a comeback with a big OS and not a lot of cash buy back shares,,,,?" when it was YOU who said "buy back shares".. not me.

[dorismd2001]

Looks like not much 7s left

[zagdad]

stoflat, I do read all posts here. Your comments are legit when the is a suggestion that insiders, officers, major investors are possible buying, unfortunately your original posted did not suggest that and that is what I was responding to.....quite a difference between the "company"buying shares and individuals.... I doubt there will be any 8Ks on that.

You began with..."For instance, a PR about the company buying shares is a big deal that needs to be issued SO we can increase exposure to the greater public and maintain this level and beyond. IMO"

yep it is all in the reading......GL2us

[Slojab]

SEC Form 4: Statement of Changes in Beneficial Ownership is a document that must be filed with the Securities and Exchange Commission (SEC) whenever there is a material change in the holdings of company insiders. Insiders consist of directors and officers of the company, as well as any shareholders, owning 10% or more of the company's outstanding stock.

https://www.investopedia.com/terms/f/form4.asp

KEY TAKEAWAYS
Form 4 must be filed with the Securities and Exchange Commission whenever there is a material change in the holdings of company insiders.
If a party fails to disclose required information on a Form 4, civil or criminal actions could result.
It must be filed within two business days starting from the end of the day the material transaction occurred.

[Slojab]

(d) If a reporting person is not an officer, director, or ten percent holder, the person should check “other” in Item 6
(Relationship of Reporting Person to Issuer) and describe the reason for reporting status in the space provided.

https://www.sec.gov/about/forms/form4data.pdf

[stoflat]

So, they need to file a Form 4 if the shares were bought for them personally. That tells us they need to file relatively soon OR it is false information that he/they bought shares.

It literally says in the IDCNadmin post that "shares were bought back"... SO, that's why I assumed it was for the company. Which is why I requested a PR stating what is going on. Confusion as usual.

[stoflat]

Thanks for that info. Wasn't sure what a grey market company was obligated to post.

[Slojab]

I've reached out to Ash already and have not received a reply. Has anyone?

[Slojab]

A Form 4 is one of the only requirements a company is still obligated to post even after deregistering, regardless of what tier OTC Markets puts them on.

An 8-K notifying investors of a material event is another.

[stoflat]

Maybe you should address these issues to the company, not me.

[stoflat]

Agree, but the question asked that he answered was about the company doing a stock buyback. SO, it was confusing. Plus, does a grey market company need to file a Form 4 if it was a company buyback?

PLUS, I was suggesting a PR regardless of which it was. Just looking for them to provide exposure beyond the few here looking at IDCN.

[Slojab]

I don't see any financials posted to the website, btw.

https://www.indocanresources.com/financials/

Financials for the company are listed on the site www.Indocan resources.com

[Slojab]

He should update OTC Markets about the new website. The one there is no good and says it may be for sale.

www.indocan.com

This domain may be for sale

[Slojab]

That's not a stock buyback. With a buyback, the shares the company purchases on the open market are returned to the treasury, lowering the O/S.

What I infer from that statement is that insiders are buying shares for their personal accounts. And if they're doing so in the quantity inferred, they need to file a Form 4 within 4 days to acknowledge that. That's so they don't benefit from trading on insider information that hasn't been released to the general public.

Yes, they have been purchasing in very large amounts ( essentially it equates to several percentage points of the company’s available stock being bought back last week and will continue to do so this week)

[stoflat]

Here, read for yourself. This has been posted multiple times, just have to read posts here and you wouldn't have to ask ME.

Updates from HQ- IDCN - FEB 22, 2021
MANY of you have asked regarding the “ rumor “ of top level execs/ management from IDCN buying shares last week.

Answer: Yes, they have been purchasing in very large amounts ( essentially it equates to several percentage points of the company’s available stock being bought back last week and will continue to do so this week)

Indocan has hired professionals on an independent contractor basis who are currently working on new product lines for the company. They have also placed a great emphasis on hiring from the minority population as well as working with a non profit for product fullfillment services. They will be hiring more individuals in the following quarter.

Financials for the company are listed on the site www.Indocan resources.com

All future press releases and notifications on behalf of the company will now include utilizing this subreddit group.

IDCN is currently establishing a new online marketplace for unique products (some of which are patent protected ) to sell on their website.

Furthermore, for the last few months, IDCN haS been actively in pursuit of a potential land grab which has been proven to contain valuable raw minerals/metals. I can’t deliberate much further until certain goals have been met.

Last but not the least, IDCN is a real company. They have helped benefit many people from their unadulterated non diluted organic cbd oil products. They have also given away numerous free samples to the individuals at the non profit as well as friends and family and have yet to receive a negative feedback. They have employed numerous people and have paid them on time with no delay.

Thank you! Live chat discussion will be on!

[zagdad]

Why would a company just beginning a comeback with a big OS and not a lot of cash buy back shares,,,,? then go out and borrow toxic money to build the business? Really....not what I'd like to see them so. Maybe you know something?

[stoflat]

Volume is slipping this week(to this point). The most crucial aspect of this mini run has been the high level volume the past couple weeks. We NEED it to remain well over 100mm daily in order to maintain this PPS.
We need some help from the company. Hope to see a PR about what is going on.
For instance, a PR about the company buying shares is a big deal that needs to be issued SO we can increase exposure to the greater public and maintain this level and beyond. IMO

[dorismd2001]

Launch pad is forming… accumulation is onging… extremely undervalued (the only real CBD company with triple zero pps)

[allen1459]

Yep. Has been a long time comin. 10+ years myself

[Yale_MBA]

After a decade or more of holding IDCN in my account I am feeling optimistic for the future of the company. For the first time I feel that we are in good hands and will remain patient as the share price continues to rise over the coming weeks and months. Good luck to IDCN and to all of us.

[stoflat]

I posted it a couple hours ago. Thanks for re-posting.

[Yale_MBA]

Here is the Reddit link:

https://www.reddit.com/r/IDCN/

[Yale_MBA]

IDCN Posted on Reddit:

Updates from HQ- IDCN - FEB 22, 2021
MANY of you have asked regarding the “ rumor “ of top level execs/ management from IDCN buying shares last week.

Answer: Yes, they have been purchasing in very large amounts ( essentially it equates to several percentage points of the company’s available stock being bought back last week and will continue to do so this week)

Indocan has hired professionals on an independent contractor basis who are currently working on new product lines for the company. They have also placed a great emphasis on hiring from the minority population as well as working with a non profit for product fullfillment services. They will be hiring more individuals in the following quarter.

Financials for the company are listed on the site www.Indocan resources.com

All future press releases and notifications on behalf of the company will now include utilizing this subreddit group.

IDCN is currently establishing a new online marketplace for unique products (some of which are patent protected ) to sell on their website.

Furthermore, for the last few months, IDCN haS been actively in pursuit of a potential land grab which has been proven to contain valuable raw minerals/metals. I can’t deliberate much further until certain goals have been met.

Last but not the least, IDCN is a real company. They have helped benefit many people from their unadulterated non diluted organic cbd oil products. They have also given away numerous free samples to the individuals at the non profit as well as friends and family and have yet to receive a negative feedback. They have employed numerous people and have paid them on time with no delay.

Thank you! Live chat discussion will be on!

[stoflat]

That was a nice 15mm share buy at 9 that just went off. Then a small sell of 50k brings it back to 7.

[Iron heart]

HUGE, thanks for sharing! $IDCN

[dorismd2001]

IDCN is very confident about its huge potential, buying back its own shares is the strongest action to support shareholders, also means current pps is way undervalued.

"they have been purchasing in very large amounts ( essentially it equates to several percentage points of the company’s available stock being bought back last week and will continue to do so this week)"

https://www.reddit.com/r/IDCN/comments/lpm4di/updates_from_hq_idcn_feb_22_2021/

[stoflat]

Hey guys. Check this link with a post from IDCN admin.....

https://www.reddit.com/r/IDCN/comments/lpm4di/updates_from_hq_idcn_feb_22_2021/

This is fantastic information!

[iblong2]

Trading range so far today $0.0007 - $0.001!

[stoflat]

Decent volume to begin the day. Interest remains, just looking for it to increase. The updated website will only help a little. Waiting on a PR or 2 to follow.

[iblong2]

$0.009's up!

[dorismd2001]

TD Ameritrade sells IDCN

[Brianwhi]

Who sells CE stocks ? Eturd and Schwab will not allow me to purchase this one.
TIA

[allen1459]

Thats kind of what I was thinking

[dorismd2001]

Your welcome. This might be part of the reasons IDCN is not being noticed by cannabis investors.

[allen1459]

Thanks to you and Slojab. I like the "cannabis" description better. It's been years since IDCN piddled in the oil/gas

[dorismd2001]

Good suggestions, done

[Slojab]

Shelly has made the change.

[Slojab]

Yes. But it's tricky.

I'll see if admin will do it for them.

[allen1459]

Question for the Mods:
Is there anyway to change or move the IDCN message board from "Oil/Gas/Natural Energy Production" message board to a "Cannabis" message board?

[dorismd2001]

Exactly, very excited to know that IDCN will have “A LOT MORE Great updates soon to come!!!!”

[stoflat]

Very pleased to see the company jumping at the chance to take advantage of our recent volume explosion AND the overall OTC market interest in general.
People are looking for early stage companies with massive price increase potential to invest in.
CBD business is relatively new and the MJ market is hugely popular among many age groups across the country.
IDCN has 2 attractive aspects going for it right now.... they are in the CBD business(actually grow their own hemp plants) AND the stock price is very low(attractive to those who want a life changing amount of shares).
Now that the company is attempting to increase exposure we have a real chance to blow up like SOOOOO many other OTC's are right now. If our management plays it right, we can surely make a serious run to a penny and beyond.
Looking forward to this week as it starts to play out. Would love to see a PR to get it rolling.
Regardless of anything else, high level volume is the key. We have to maintain and increase from this level. If we do, it is very likely we start moving north in a big way.
Good luck to all of us, especially those involved with IDCN for over a decade.

[dorismd2001]

“A LOT MORE Great updates soon to come!!!!”

https://www.indocanresources.com/motion-commotion/