Me too. It didn't look to good. But made money here.
ITCC: Merged with Majesco. Please see issuer's 8-k filed 4/1/2020 for additional details.
FINRA deleted symbol:
It's suspended today.
This is a massive scam. I got out a while ago.
It's easy as reading filings. Here are all the officers that people are claiming to be "newly listed". They were there since Jan 2020.
Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in the Borough of Eddystone, Commonwealth of Pennsylvania, on April 8, 2020.
InsPro Technologies Corporation
By: /s/ Bithindra Bhattacharya
Name: Bithindra Bhattacharya
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following person in the capacities and on the dates indicated.
Signature Title Date
/s/ Manish Shah President April 8, 2020
Manish Shah (Principal Executive Officer)
/s/ Bithindra Bhattacharya Treasurer April 8, 2020
Bithindra Bhattacharya (Principal Financial Officer)
/s/ Wayne Locke Director April 8, 2020
/s/ James Miller Director April 8, 2020
/s/ Mallinath Sengupta Director April 8, 2020
Do you have screenshots or some other proof that the MAJESCO names were indeed updated to the ITCC OTC page just a few days ago? Or were these names there for months since Ins Pro take over by MAJESCO?
Old news lmfao? What about the new officers that got listed. You clearly don’t know what you are talking about.
Yup, but not that clever. Just making old news look like new. There is nothing here.
So is this a clever pump and dump? Run a high volume day On a low OS stock to trip a bunch of scanners Then sell a ton into the fomo crowd? I noticed that it had two similar events previously where it spiked to 0.50 then dropped back down in 2010 and 2014. Same trap? What was the reason for those spikes?
None. Just a bunch of newbies falling for this.
Fourty two percent gain.I'll take that any day! Must be something good going to happen here.Closed at the high of the day too.
ITCC is not worthless it keeps making us money. .30
Listen to Traderfan. I own a bunch of worthless $SOUPQ shares. Same exact thing happened a number of years ago. Just worthless paper now.
That's the lovely thing about a successful SPAC. Pennies to dollars very quickly!
I mean if you look at the volume, there was 10milion yesterday.... and only 1.7million this morning. Soooo I would say about another million shares are sub 0.18ish?
This is not true. They weren't added recently. I thought they were too, but then do a little DD. They've been in the company since last year. Merger went through and commons got nothing. Then they filed dark. It's an empty shell. Read the 8k
Item 2.01 - commons get no consideration in the merger. It's all right there.
Now that I would like
Float locked now this can go .50 / .75 / $1 tomorrow.
I loaded some .15 & the rest at .20
Or is ThomasBravo going public through ITCC?
Majesco was listed on Nasdaq for $16 pps now they go back on Nasdaq ?
22m float with 3billion valuation. SPAC sends this multi dollars. $5 to 10 pps short term.
Well good luck then.
I know what I own not selling until 10 bucks min. Others will figure it out.
Stuff from last april will stay in last APRIL. Right now Majesco owns this shell and added 5 officers 2 days ago thats been verified. Majesco put out PR a while back stating interest in doing a SPAC.
Put 2 and 2 together.
Buckle up and enjoy the ride.
I'm not talking about trading them, obviously we can I'm talking about the fact that they said back then that all common shares get zero consideration in the merger, that means they are worthless when it comes to that merger unless something changed in that deal.
We can still trade them. They must not be cancelled.
So this deal as it was described in the 8k from april didn't happen in such a way? Now the common shares are getting their consideration in the deal? Where is any official paperwork about that?
Preferreds were cancelled because new owners Majesco are starting fresh.
This is from last years april 8k
"The holders of the Company’s common stock, par value $0.001 per share (“Common Stock”) and Series A Convertible Preferred Stock, par value $0.001 per share (“Series A Preferred Stock” and, together with Series C Preferred Stock and Series B Preferred Stock, the “Preferred Stock”), did not receive any consideration in the Merger. Additionally, each Company option or warrant outstanding immediately prior to the Effective Time, whether or not then vested and exercisable, was cancelled without the receipt of any consideration"
It just means they dont have to file reports to sec. Shareholders are still fine.
connection with the consummation of the Merger, the shares of the Company’s Common Stock are no longer quoted on the OTC Pink, effective as of market close on April 1, 2020. The Company intends to file with the SEC a Form 15 requesting the termination of registration of the shares of its Common Stock under Section 12(g) of the Exchange Act of 1934, as amended (the “Exchange Act”), and the suspension of reporting obligations under Sections 13 and 15(d) of the Exchange Act; as a result, the Company will no longer file reports with the SEC.
Sorry man. All those officers were there before. It's all in the fillings. I got duped too.
Not saying he'd pumping it. But it's being pumped by someone. Someone cleverly took old news and made it appear like it's something new. I fell for it.
Whatever he has followers ...if he thinks a a stock will move and then gives the alert peeps jump in, that doesn't equate to a pump. He mentions very many stocks all day every day and not particularly any one stock.
January 2020....old news. Company went dark in April like they said they would.