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Relatively speaking, I've been here for about 10 minutes and own a sprinkling. I'll add if I can, but right now I'm pretty much fully extended.
Looks like someone tried to slap OTCX but ran into some hidden shares.
Maybe OTCX has more behind that 10k he's showing? You're welcome to test him to see if he's hiding size!
LOL
Taking the stairs is healthier than the elevator!!!!
It's interesting to note, ETRF is all the way at 1.90.
That's a popular retail MM that many of the major brokerages route through.
That signals to me that there are not many people looking to exit this stock.
With today's OTC updates, any spark could set off the powder keg.
If someone slaps OTCX, and he leaves....look out above!
IMO
Maybe today the market will realize we're a worldwide logistics company, with $157M revenues, $25M in guaranteed invoicing credit, and a share structure with a low enough float that these 1M volume days move us multiple pennies in one trading day.
Maybe someone will look back at the volume from October and see that we had several 30M to 50M volume days with huge upside movement.
Or maybe we'll have another day of cheap shares to accumulate?
New symbol: ULHI?
Just a hunch....
https://markets.businessinsider.com/news/stocks/innocap-inc-year-end-message-to-shareholders-1029889352
"As 2020 draws to a close, I take pleasure in reviewing some of our accomplishments in recent months. In October 2020, through the merger with Unique Logistics Holdings, Inc. ("ULHI") we acquired a thriving global logistics business. The acquisition comprised three individual companies under ULHI with a substantial United Stated based book of business and an experienced employee base.
I don't mind waiting either. It amazes me that there isn't more interest here. We know they are about to change the name and ticker, and IMO they will release major financials at that time also. They discuss these things in the latest filing.
Since we have this slowness, it's a good opportunity to read the filings, especially the most recent one:
https://www.otcmarkets.com/filing/html?id=14551438&guid=FqdqUpannBijxth
People are waiting for more confirmation, like financials....or a halt.
Let's take a peek at what those financials might say:
https://rocketreach.co/unique-logistics-international-profile_b5c7f763f42e0db5
Does anybody see the company revenue?
Does anybody think the most recent announcement of this $20+ million air shipping contract is NOT yet included in this revenue number?
I wonder what the market will do when it realizes that a company with $150+ million revenues was shoehorned into a shell trading at .08.
https://www.otcmarkets.com/stock/INNO/news/story?e&id=1756840
Innocap, Inc. Secures Major Shipping Contract by Air
NEW YORK, Dec. 2, 2020 /PRNewswire/ -- Innocap, Inc. ("INNO" or the "Company"), a global logistics and freight forwarding company, today announced that it had secured multiple contracts for bulk air shipments of retail products from Asia to the United States.
INNO has already operated 47 charter cargo aircrafts between September 1 and November 30, 2020 and has just announced that it has contracted a further 33 charter flights to operate between December 1, 2020 and March 31, 2021. The total contract value committed so far is in excess of $ 20 million. This is in addition to INNO's standard services by air and sea offered to its customers in conjunction with its airline and shipping line partners.
INNO is a global logistics and freight forwarding company serving a large customer base in the United States that includes major well-known retailers and other companies that import goods to the United States, export goods from the United States to other countries, or require other supply chain services, including warehousing. INNO executes sections of the supply chain process for its customers and holds, through its subsidiary companies, operating licenses issued by US Customs, the Federal Maritime Commission and the Transportation Security Administration for this purpose. It has offices throughout the United States and employs over 90 staff.
"The Company is well positioned to strengthen its foothold in the US retail services sector and further expand its customer base for the future" stated INNO's CEO, Sunandan Ray. "
I haven't researched that area. I took an interest here late, my first buy wasn't until over .70. So this ticker is a secondary interest to me because my share count is relatively low. But I know there are people here who have been here since .11, and I'm sure have done loads more research than me.
Any ideas about these individual investors from the long-timers?
There are 3.7M in the public float, and 32.3M in the outstanding share count.
It's not as easy as buying up the float. To assume control, an outside entity would need to theoretically acquire a controlling interest in the total outstanding shares, and more specifically they would need to take a controlling % of all the voting shares. Protection from such a takeover is one reason companies have restricted shares with voting rights.
Only if the company has more than 50% of their total voting shares for sale on the open market, can an outside entity have a chance at a hostile takeover.
For such a play to occur, and if news got out, it would almost definitely cause the PPS to increase dramatically, making the competition for those controlling shares extremely fierce. If I know that an entity needs my shares to takeover the company, I will hold out for as high a PPS as I can get....and so would everyone else.
So IMO, in practice, it would be extremely expensive to buy this company out from under themselves.
https://thebusinessprofessor.com/lesson/what-is-a-hostile-takeover/#:~:text=What%20is%20a%20“hostile%20takeover,target%20company%27s%20board%20of%20directors.
What is a “hostile takeover” and what effect does it have upon corporate governance?
A hostile takeover is where a third-party acquirer seeks to purchase a controlling number of outstanding shares without the endorsement or approval of the target company’s board of directors. Prospective shareholders can carry out their objectives through a number of methods.
What is a Volatility Circuit Breaker Halt?
This is interesting reading for a Sunday afternoon. Maybe we'll see an upside volatility halt right after we come back from our name/ticker change halt? (Code "LUDP" on FINRA's halt page.)
With the low float here, it's entirely possible that a company disclosure like financials, partnerships, contracts, etc. could run us up quick enough to trigger a volatility halt, especially if the disclosure(s) comes during the name change halt. The right situation could potentially put 100s or even 1000s of new eyes on this ticker all at once.
It would take the perfect storm of corporate actions and disclosures for this to happen, IMO. But it's good to know this possibility exists, especially when the stock is screaming north and all of a sudden.....everything stops!
https://www.warriortrading.com/circuit-breaker-halts/
Circuit Breaker Halt: Volatility Pause Code: LUDP
A halt on a Volatility Pause is one of the most common types of circuit breaker halts in the market. If a stock moves up or down too quickly within a 5min period it can cause an automatic circuit breaker halt that will pause trading for 5min.
This helps smooth volatility in the market and prevent flash crashes. It forces traders to take a 5min time out, research the stock, news, etc. Often times if a stock is spiking up and is halted, it will reopen higher.
Inversely, a stock selling off will often open lower.
I have seen examples where a stock spikes up 10% in 2min and gets halted for 5min, reopens and immediately spikes another 10% and gets halted a 2nd time for 5min, reopens and spikes another 10% and gets halted for 5min a third time, reopens, sells off 10%, and gets halted going back down.
This type of extreme volatility is typically the result of breaking news such as FDA announcements, earnings leak, buyout offers, activist investor stakes (Bill Ackman, Carl Icahn, research reports (Citron Research, Muddy Waters Research), etc.
At it’s core, the type of volatility that causes circuit breakers is what all day traders are looking for because it presents a huge amount of potential.
Thanks for the FINRA link. That's a site everyone should bookmark, especially if trading primarily OTC. There's also their "halt" page to keep an eye on:
https://otce.finra.org/otce/tradingHalts
And here's the page that explains the different halt codes:
https://www.nasdaqtrader.com/Trader.aspx?id=tradehaltcodes
I think we'll see code M1.
When the name and ticker change happens, yes the stock will be halted.
They need to stop trading to remove the old name and ticker from the system and enter the new one. The time lapse is needed to allow the regulatory agencies and brokerages who handle the ticker to update all their records. If something like that were to change during a normal trading day, it would cause chaos. Traders would be entering orders for the wrong symbol, some queries would turn up the old information while others would show the new information.
What will happen is, instead of seeing "INNO" in your position manager, there will be an alpha-numeric code there in it's place. When that happens, it is impossible to trade, even with a call in order. Once the new symbol shows up in place of the code, it will be possible to place orders again under the new symbol, but the halt has to be officially removed before any trades will execute.
The two tickers I've been in that had name changes each took about 4 days. I don't know if the company has any control over the length of the process, but I'm sure it will feel like an eternity!
Thank you for your input.
When a small company comes up with something this major, it is understandable that there will be questions.
I do not share your concerns.
Have a good night.
Two people that performed services for the company were paid in shares.
That does not seem like a problem to me. Especially considering the small amount of total shares they received.
If them making money is what seems like a scam, let me say that people make money all the time in the stock market, by different means. It's not a crime, a scam, or a ripoff to shareholders if two people were paid in shares at one time.
There are countless companies across all markets, trading at different PPS levels, and involved in different businesses, who at one time or another have issued shares in exchange for services. It's a normal, everyday practice and not a cause for alarm here.
This is not one of those OTC tickers who have 17 billion shares outstanding, 10 pages of note holders, billions of warrants, and toxic financers diluting whatever they can the minute volume comes in.
Excellent points. The story here is the technology and its applications, not two note holders' 2.9M shares. These are shareholders now, just like everyone else.
It's 2.9 million shares total, not 2.9 billion! The market can and will absorb those shares with ease, but honestly, I don't think the two holders are even considering selling anywhere in the single digit dollars.
I know one group in particular started alerting this ticker at .11. Plenty of time for folks who are not note holders to accumulate 1M+. I don't see any concern over those shares.
PPS will continue to rise as soon as all the doubt flushes itself out of the market. Nothing wrong with questioning what's going on, but this small handful of shares these folks hold are not a concern.
The smoking gun has been converted to battery power, it's nowhere to be found here!!!!
Here's another write up on the Pittsburgh/Qatar partnership from 12/4. Notice mentions of additional involved partners.
https://blueskypit.com/2020/12/04/qatar-airways-cargo-returns-to-pit/
Qatar Airways Cargo Returns to PIT
By Bob Kerlik
December 4, 2020
With demand for goods rising in the midst of the pandemic, Qatar Airways Cargo and its freight forwarding partners on Friday resumed flights to Pittsburgh International Airport, citing PIT’s ability to unload shipments and send them on their way within hours of arrival.
The cargo carrier will be landing at PIT weekly for the next six months, delivering consumer goods and further strengthening the airport’s increased focus on cargo during the COVID-19 outbreak. It’s the latest cargo boost for the airport, which saw Hong Kong-based Cathay Pacific Airways commit to three months of international cargo service earlier this year.
“We are glad to return to Pittsburgh and support our partners with their cargo requirements. The business community, freight forwarders and shippers in Pennsylvania also benefit from direct access to our global network via Doha,” said Guillaume Halleux, Chief Officer Cargo at Qatar Airways. “The mini freighters and passenger freighters introduced during the pandemic demonstrate our agility and support in ensuring the continuity of global trade.”
Larger airports, including Los Angeles, Chicago O’Hare, Atlanta and New York’s JFK, can take two days to pick up cargo, said Viknesh Harichandra, Executive Vice President of Apex Logistics International, a freight forwarder—and partner on the flight—that coordinates delivery of shipments to their final destinations.
“With Pittsburgh, we can get things turned around quickly and, within a few hours of a flight’s arrival, it clears customs and it’s on its way,” he said. “If we can get these trucks to move quickly—pick up the freight and move it—that makes a lot of sense saving time and money in the long term.”
He said Apex has handled more than 900 cargo charters this year alone and is looking to incorporate PIT in their plans.
Qatar served PIT for two years with twice-weekly Boeing 777 freighters until suspending operations in December 2019, as international trade tensions weakened global cargo demand. As the effects of the pandemic spread worldwide, demand for cargo returned, offering a rare bright spot for the aviation industry.
Many airlines began converting passenger planes into cargo planes. Similar to other international cargo carriers using PIT as a gateway during the pandemic, Qatar Airways Cargo will be flying a converted Boeing 777-300ER.
That’s the same type of plane that Cathay Pacific operated twice weekly from Hong Kong to PIT from September through November. Unique Logistics International partnered with Cathay Pacific as the freight forwarder on that flight and is also a partner on this Qatar Airways Cargo flight with Apex Logistics International and Expo Group, Bangladesh.
“Unique is proud to work with Apex Logistics in conjunction with Expo Group, Bangladesh and Qatar Airways Cargo to continue our partnership with Pittsburgh International,” said Marc Schlossberg, executive vice president of Unique Logistics. “Qatar’s coverage from the Indian subcontinent is second to none and their new mini freighters provide a unique option during these difficult times with capacity scarce.”
All-freighter service continues to be a growing part of PIT’s business plan, which was jumpstarted by the arrival of Qatar Airways Cargo three years ago, said PIT Vice President of Government and Corporate Affairs Vince Gastgeb.
“The initial Qatar Airways Cargo flights illustrated to the cargo and business community that service can work and that Pittsburgh is a cargo solution to the worldwide freight ecosystem,” Gastgeb said. “Along with the service goes economic generation and jobs to a lot of regional companies at time when it is greatly needed.”
Air cargo has a direct impact on jobs, from those unloading the planes to local trucking companies taking the products to their destinations, he said.
PIT’s speed and convenient geographical location resonate with players in the cargo industry.
“We are delighted to partner with Qatar Airways Cargo to launch services from Dhaka to Pittsburgh (with the U.S.) being the second biggest export region of Bangladesh,” said Mahbubul Anam, managing director of Expo Group, Bangladesh. “Strategically, PIT is very attractive as the turnaround time is so efficient and that is of prime importance to our customer.
“This partnership with Qatar Airways Cargo is a new beginning, especially during these times of crisis, to provide seamless service across the Atlantic Ocean regions.”
Last fall, the U.S. Department of Transportation awarded PIT an $18.69 million BUILD grant to support the construction of a 75,000-square-foot cargo processing facility and an adjacent surface parking lot to expand air cargo operations.
Under PIT’s “Cargo 4 Project,” the new building will allow for larger aircraft, new cargo destinations on all-freighter aircraft or additional parking for integrator carriers like FedEx or UPS that require sorting facilities and high volumes of truck access.
Additionally, over the past several months, the airport has welcomed five FEMA charter flights operated by National Airlines, carrying critical medical supplies from South Korea. And as part of its cargo focus, PIT officials signed an agreement with Ted Stevens Anchorage International this summer to collaborate in better streamlining the global air cargo supply chain.
Can a mod please sticky post 8487?
Thank you!
December 8, 2020: Qatar cargo flights return to Pittsburgh International Airport, sans subsidies
****Major contract with Pittsburgh Int Airport & Qatar Airways****
https://www.post-gazette.com/business/development/2020/12/08/Qatar-Airways-cargo-flights-Pittsburgh-International-Airport-Doha-Bangladesh/stories/202012080062
*****************************************
December 7, 2020: Unique Logistics International is proud to partner with Korean Airlines & Rickenbacker International Airport
****Different airport & airline than above. 45 tons of cargo PER FLIGHT!!!!****
https://unique-logistics.com/news/unique-logistics-international-proud-partner-with-korean-airlines-rickenbacker-intl-airport/
*****************************************
September 21, 2020: PIT Welcomes First Cargo Flight from Cathay Pacific
****Marc Schlossberg, executive vice president of sales, marketing and air freight for Unique Logistics (1:00) explains the company's role in moving cargo through Pittsburgh Int Airport with ANOTHER airline partner, Cathay Pacific****
Last time this ran, there were volume days with 30 to 50 Million+. Anyone who wasn't watching the movement back then might not know how much of a beast this was with the low float and volume driving it. Looking at the 50 day chart it's easy to see the big volume days where it made huge moves.
Early-bird special right now. Anything under .10 is a steal, IMO. Absolutely right zim, when volume comes in, many will be shocked at how fast this moves.
On a low float stock there are fewer shares available on the open market, so even small trades can have a significant effect on the PPS.
Nice day of accumulation!
Great day to add or grab a starter.
If anyone remembers how this traded into the .20s, it was extremely difficult to get shares, and any offers got bought hand over fist. Any price that was bought today was a good price, IMO.
Name & ticker change coming on or about Dec 27, as per the last filing. That means that as we get closer to that date, the inevitability of this being halted to make the changes grows closer and closer.
When the halt happens, it will not be tradable by retail. Last ticker I was in that did this was untouchable for 4 days. It had volume but it was very light, from MMs only I suspect.
If the changes take 4 days here, when we do start trading again I expect a gap up. I'm not going to assign any PPS value because that's something I stay away from. But we'll probably have some financials confirmed by then also, and IMO the market has this company grossly undervalued.
A worldwide logistics company with millions in recurring revenue, $25M credit from their invoice company, a major $20M+ Asian air freight contract, a management team that is moving things along quickly and quite brilliantly....merged into a shell that's .06, with a float somewhere between 33M and 69M shares.
I think the PPS has some room to appreciate, IMO.
Hit the disclosure and news tabs to read all about it:
https://www.otcmarkets.com/stock/INNO/profile
Then browse through these other links. The more familiar people get with this company now, the easier it is to make informed decisions when considering investing.
https://www.post-gazette.com/business/development/2020/12/08/Qatar-Airways-cargo-flights-Pittsburgh-International-Airport-Doha-Bangladesh/stories/202012080062
https://unique-logistics.com
https://www.linkedin.com/company/uniquelogisticsinternational/
Have a good night all!
Thank you for your input.
Thank you. It's easy when you know it's going up!!!!
The prediction for today is, there must be a snowstorm at the mine. LOL
My name is Almost A Myth, nice to meet you. I have no access to ISCNF financials.
That's not something I would say here because I don't know that to be true. If you can please link what you are referring to, we can address it. But I have no idea what you're talking about.
Also the other week you had mentioned that a RM must be done with restricted shares;
The flippers have arrived! I might have to take some off their hands.
That's why it's good to find companies on the pink exchange that are legitimate and have a solid business plan, with good financials. The goal of legitimate pink companies is to get off the pink exchange as quickly as possible! That's when the people who have done their DD make a lot of money.
I'm still looking to get back in here. Updates will turn this ticker into a completely different animal. I'm hoping maybe next week to take a starter here once again.
The rules are more strict in the higher markets. Companies just starting out don't usually meet the guidelines.
Check out the differences: https://www.investopedia.com/articles/investing/070513/otcbb-and-otc-markets-group.asp
There's a lot of information out there on the different OTC market tiers. Pink is the least restrictive, so that's why we see good companies on a junk exchange. It makes for a nice run when they uplist though.
Read the document & you'll find it's there.
See where it says: "The increase in authorized shares of common stock and the name change will become effective on the date that is twenty (20) calendar days after the mailing of this information statement to stockholders"?
https://www.otcmarkets.com/filing/html?id=14551438&guid=zlgqUKRdcs2cKth
Here it is, just search the document for "27".
This is just a small clip, the actual document is much larger.
They have sent out shareholder letters on Dec 07, so they need to give it some time to make sure all the shareholders received the letter.
These folks are all business!
https://www.otcmarkets.com/filing/html?id=14551438&guid=zlgqUKRdcs2cKth
.09 looking like a bargain now, LOL!!!!
Yesterday we were in the high .04s! WOW!
I think because this isn't in one of the obvious hot sectors right now, like the whole EV, EV battery craze, it lacked attention for the last few weeks.
After this most recent filing, someone made the point that INNO is an amazing covid play, as businesses scale their operations up, and more freight is moved around the world as a result. Turns out INNO is in one of the hottest sectors possible.
As the market realizes this company is no longer a typical OTC ticker, and that Unique Logistics has a worldwide presence, and a steady cash flow in the tens of millions, I think we'll easily surpass the old highs.
Remember, we're Pink Current, and there's less than 70M unrestricted shares. Float numbers are stale, so I'm going by the unrestricted count to approximate current float. It's probably somewhere between the unrestricted count and the last known float from 2016. But even at 69M, this will move quickly (again).
https://www.otcmarkets.com/stock/INNO/security
What a lay-up! Nice buy. I picked up a nice bundle in that stagnant range, and just hit the offer for another 125k this morning.
This has some amazing potential!!!!
I disagree. The flippers are just arriving to play the upward movement we're about to see.
Flippers don't usually tie up their money on a flat line chart with low volume.
As volume and PPS increase, so will the amount of flippers. Volume and PPS movement is what they trade.
I welcome the flippers back because they provide liquidity and create volume, which attracts more attention and creates more demand for the shares.
All the flippers are out and long gone now.
Here's CFGN now driving the bid.
Printing .06. No brainer.
C13: I've identified CFGN as a big player here. He's been quiet since we got into this range, but when this was running he was the one driving it. Kept going best bid and best offer at the same time as the PPS was upticking. If he starts becoming active on the inside quote again, it could be a signal we're ready to move.
He could be sitting out also, but I've got my eye on him at all times.
Of course there's OTCX and ASCM shorting into any buy pressure, but those guys will get blasted when volume returns.
Well stated!!!!
Higher bids now. Just getting warm again.
I hope everyone else is paying attention. We're nudging higher.
We've had a steady stream of information since the merger was completed. We have confirmation of their business operations in excess of $20 million (just on that one contract, there are others ongoing), their invoicing company who extends them $25M credit, name and ticker change pending, and a move to protect themselves against a hostile takeover.
What OTC company even thinks about a hostile takeover? This will jam once again and make the last run seem like an anthill. I'm ready for an Everest type run, IMO.
Kudos to the noteholders for their foresight!
2.9M shares is not a lot of shares to worry about. Those PPL deserve every penny they make. In the process, a lot of regular traders who figured this out long ago are up huge. I got in late and I'm still very confident about my position.
Different information can be interpreted different ways. All the information I've seen makes this an attractive play.