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Some time last quarter. I do not recall the specific date.
I could not offer any at this time.
Clearvision is growing and they will announce these as they roll out. That is not in our control.
That is not something we control so I can not give a time parameter.
I am just trying to help people understand what is happening.
We did not have a preferred share structure authorized. It made sense to do this at the same time as the name change because it could be done in one filing.
It is simple fact as to what is happening. I gave you all the facts to support and explain it.
If you have a question for me, as it.
mwwarner1,
Yes they are. We needed the 2.9 million in assets to move up as part of the requirements. We now have that officially.
That is not true. We have 13 Market Makers, which is normal, but not all are currently quoting because of the upcoming name change.
I am going to come here and answer questions that people need to understand.
Brian,
I am sorry you feel this way about me. I think if you sit back and understand why the share price is really down you would feel differently. We increased assets from 200k to 2.9 million, which means we have a higher book value. And even though we where not yet in the Fall Season we increased revenues from only 7k to 50k. Not a huge jump but better then the previous.
We increased revenues before our Fall Season by 7 times. We are doing this.
That is not true because this is not the actions because of shorts. Just look at the level 2 and you can see what is happening.
I want to address the reason our share price is currently down. We released the best Q we ever have yesterday, so why are shares down?
There is a very simple reason which will fix itself shortly. When people buy shares of ICPA in the open market, Market Makers will fill these buys based our the current market price. About 30-40 percent of the time the market maker does not have the shares yet that he sold you. He will go short and cover later. They do this to maintain the market and they know they can cover later.
Also, when you look at a level 2 quote system there are 12 market makers. And they put up Bids and Asks at every level. Right now half the market makers have no bids or asks. (I will explain this in a second)
This is a report from November 13th just a few days ago. You will see that they filled orders short about 1/3rd of the time. This is normal business and it a way to support our market.
Total Trading Volume: 3,011,238
Daily Short Volume: 911501
Avg. Price of Shorts Today: 0.008
Short %: 30.27
Volume at Offer: 1965288
Buy%: 65.270
Volume at Bid: 1045950
Sell%: 34.730
Shares Crossed: 0.000
Cross%: 0.000
In the Q we stated the following....
On October 31, 2012 the Company’s Board of Directors approved the amendment of the Company’s Certificate of Incorporation to
change the Company’s name to IC Punch Media, Inc. and to provide for a class of “blank check” preferred stock. The Company
is authorizing five hundered million (500,000,000) shares of preferred stock, par value $.000001.
When we do our name chance to reflect the new direction of the company, we will receive a new symbol and cusip number. At that time everyone's shares sitting in brokerage houses will be automatically sent to our transfer agent and a new certificate with the new name and cusip number will be issued. We will then begin trading under the new symbol. The process takes about a day.
Until that happens market makers many step away from some of their support and fewer will sell shares short to fill buys with shares they do not have. That is what is happening right now.
This is the most recent report from today. You can see the short position has dropped to 16%. So they are not filling orders short.
Total Trading Volume: 13788824
Daily Short Volume: 2329716
Avg. Price of Shorts Today: 0.006
Short %: 16.90
Volume at Offer: 2839810
Buy%: 20.600
Volume at Bid: 10949014
Sell%: 79.400
Shares Crossed: 0.000
Cross%: 0.000
So what has happened is the market makers that are short will want to buy back in cheap as they can knowing soon this current symbol will change and if they hold shares short on the last few days before the change over they can be stuck buying in at market.
If you have level 2 quote you can see this very clearly.
The good news is as soon as the name change, cusip change and symbol change happens this all will go back to normal and they will return to supporting the shares. The process will take around 22 days.
If anyone wants to see some of the shows I am producing. YOu can see the entire list here...
http://www.imdb.com/name/nm4424314/
Great find.
Thank you for you comment.
It is the value of the assets we bought from Punch TV.
You are welcome.
That is not what I said. If you want to ask me questions I'm glad to answer them but not if you and going to twist my words.
Production companies bring us shows which they pay for and we do a revenue split with them. They get no stock from us and I never said that.
We announced we signed the CC deal the beginning if the year then did a joint press release with them September 12th...
IC Places and ClearVision Kick Off Production/Content Partnership This Fall at Raleigh-Durham International Airport
LOS ANGELES, Sept. 12, 2012 /PRNewswire via COMTEX/ -- IC Places, Inc. (OTCQB:ICPA) and ClearVision announced today the companies will kick off their four year Production/Content Partnership, at Raleigh-Durham International Airport this Fall, airing two new shows over the network. The ClearVision Airport Network will provide IC Places with an unparalleled ability to reach and engage air travelers by offering full episodes of their shows on the innovative Airport TV Network.
The Hollywood Fast Lane and Travel Tech will be the first two IC Places shows to air over the ClearVision Airport Networks.
The Hollywood Fast Lane, hosted by Steven Samblis, delivers intimate conversations with top actors in Hollywood. Previous episodes have featured interviews with Matt Bomer, Matthew McConaughey, Alex Pettyfer, Michelle Pfeiffer, Adam Rodriguez, Channing Tatum, Will Ferrell, Zach Galifianakis, Dylan McDermott, Jay Roach, Ashley Greene, Queen Latifah, Dolly Parton, Robin Williams, Sam Worthington, James Cameron, Ed Helms, Susan Sarandon, and Jason Segel. Additional segments in the show include the weekly "Instant Movie Review" and "The Hollywood Rewind" with Jim Ferguson. http://www.facebook.com/icHollywood
Travel Tech is hosted by Steve Samblis and Tom Choi. The show is directed and edited by Pascal Leister. This weekly show offers viewers the latest and coolest gadgets to make life on the road better. The show is unique as it was developed in partnership with ClearVision specifically for the Airport Network. http://www.facebook.com/TraveltechTV
"The ClearVision Network offers us interactivity with each airport in a way no in-home network could," said Steven Samblis, Chairman of IC Places, Inc. "Many of the products we feature in the show are available though shops near the gates from where people will be watching the show. This offers an incredible opportunity to promote the purchase of items within the show. Due to the technical advances of the network, each monitor at each gate, in each airport, can direct the viewers to the closest shop to purchase an item. This can be done in real time, while Tom and I talk about the items on the screen."
Travel Tech is is produced in partnership between IC Places, Inc., Lodestar Film and Tension Films.
"The ClearVision Airport Network is a revolution in network television because of the space it lives in," said Steven Samblis, Chairman of IC Places, Inc. "It operates as a 24/7 network but lives in airports, delivering true day-parted shows to the millions of people waiting at gates between flights. Along with the revenue stream the network will provide, it is also a perfect match for our cross-channel platforms which IC Places uses to engage not just loyal, regular viewers, but to capture new viewers."
"Our partnership with IC Places sets in motion the creation of original programming that is appealing and highly relevant to our viewers in airport environments throughout the U.S.," said David Tetreault, Chief Marketing Officer at ClearVision/ConnectiVISION, "We are extremely excited about the prospects of Travel Tech and its appeal to our advertisers and brands who demand a cohesive integration of their messages into our overall programming experience."
We have never "dilute ICPA to pay for the programming".
As I stated before. It offers us cheaper cost of funds if and when we need funding.
The 4b shares are authorized and not used when doing various ratio test. Only shared issued and outstanding are.
You do not use the authorized shares when determining any book value so you statement is incorrect. Book value is the shares outstanding divided by the assets. Most companies trade around 10 to 20 times book value because there is good will and intrinsic value outside of the pure assets of a company.
We have 1,065,373,481 shares issued and outstanding. We have 2,968,667 in assets. So we have a current book value of .003.
This Q is from before the Fall Season began airing.
Production companies pay for these shows an they pay the actors, actresses, and production crews not us.
All our ad slots are now filled.
A very small percent of ad revs are shown in this Q because it is before the Fall Season even began.
Its one time.
I of course disagree with you.
More CEO's should take the time to talk with current and potential shareholders.
Well then talk to me about that and we will see if I can help you see the truth.
I think you are looking at this from a narrow stand point. Of you where blindfolded in front of and elephant and could only place one hand on his trunk could you describe the entire animal. You can't look at our company stock structure only and make an intelligent analysis.
Your post makes no sense.
Your post makes no sense. We increased authorized so we would be no where near its limit. We would not need to do a RS
You are clearly wrong in all your assumptions. Revenues increased by 7 times, assets increased by 10 times. With this growth shares only increased 10%. You have no idea of what our coming revenues are going to be because you have nothing to base it on.
We have 250 shareholders that hold certificates in cert form and 2500 shareholders which hold shares at brokerage houses.
Your response is the reason I will no longer answer your questions.
Thanks!
I looked back further when we had less then 200k in assets.
Well your statement
This is the Toxic financing that has destroyed shareholder value
Yes, please my day tomorrow even more stressful. That would be awesome.
RRSS44,
Sorry I missed your question. The answer is we will be in LA very soon.
Thank you.