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Frack's role is to help facilitate a seamless merger. If you look through his career history, he joins a company, helps see a clean merger through, and then he moves to the next company. I'm guessing the Chinese officers/board will be operating the company.
They're finishing up the final quarterly I'm guessing. No news to give. The committee is very committed to dropping everything at once.
I repeat, we got our first official news in nine months. That's confirmed progress to me, and it substantiates everything Frack has told us.
I wouldn't say we've had boring days with the new updates in around eight months. No doubt a sign of things to come in our near future.
Is the phone number posted under the new address new? I don't recognize it myself.
Here's the list if you're interested.
I know love your neighbor posted a huge list of previous reverse mergers that exploded north. It's still on here somewhere.
I got the 35k at 3's. I'll probably pick up a final batch later next week assuming no news pops beforehand.
I had a bid at 3's for an odd spare change number, and apparently someone bought the exact rounding synergistic number to bring us to a clean 50k shares.
He doesn't answer emails or calls anymore.
Kept hesitating. Kept climbing. You'd figure I'd learn.
That 563k buy though.
Same. I had a few thousand opened up for more buys, and I waited too long.
Bids rising.
Working on it. Last I heard was we were getting the OTC website updated which happened. Now I'm curious what the next step is.
David explained that the manager blew that out of proportion and that he had access to an account for such that they reimburse. Apparently he's had PR issues with the manager before. I see no reason for him to lie about that in the midst of him telling everything else that's going bad.
After a lot of sleuthing we're finally closing up shop. I'm eager to see what it can do!
Due time. That float is going to do wonders for us.
Just tried to pick buy some and Scottrade doesn't allow trades on this company. Called them and there was nothing they could do. Pretty bummed out.
Double digits aren't my worry. The stock has technical potential to hit 10's on hype alone assuming the company wanted it that way.
They have a plan, and I assume it involves Lee lining his pockets. Incidentally, our pockets get to follow suit with a little patience.
We've hit 5's on speculation alone. We're generally limited on trading the shares in the float so we can to an extent extrapolate a future PPS using it's values rather than the O/S seeing as it represents the market as most shareholders know it. Hype alone will bullet this north, IMO
There are more factors than simply revenue. The tight float, PEG for the incoming company, parenting company potential, and various other nuances come into play on this. We haven't even consolidated an affirmative direction for the merging company.
The price certainly does not reflect a merging with Highin. I'm very interesting in seeing what happens from here.
That caught my eye as well. I'm under the impression the Samwell Holdings Tdgnts dug up is our company.
Very good. They must be finishing up. We may very well see more happening in the coming weeks.
Ladybug shareholder accountants everywhere rejoicing.
Happy New Years everyone!
I wouldn't be as deep in this as I am if I didn't think it would pan out. We're all there with you bud, we just need to wait it out.
When I start losing consistent communication with Frack, that will be red flag one simply put. If I hear word of another delay, that will be flag number two. I understand what's going on behind the scenes to a simpler degree, but they would have a hard time selling me on another setback. It would be justifiable until that point unless it were something very small.
As I said, I'll be adding up until, and I'm several hundred thousand strong. My personal sentiments are well-founded.
That's fair. Being upfront with you, I don't believe there will be one until the actual filings finalize the merger. Frack has told me numerous times they wish to remain very inconspicuous until the deed is done, hence the lack of a description update and such.
I understand bud. Think of the rationale here. By putting out the K they facilitate the entire financial year to a close meaning they can usher in the merger with a clean slate on paper. That greatly simplifies the work required by the other company on the books.
Frack has been wanting to give us description updates or a filing or two, but they won't let him. They're determined to do lump filings like they have been. This year's filings in particular have been exceedingly difficult because they added in the new company's financials and the new board of directors. This is coupled with the fact they have to be done to two different government regulations (China and the US).
We haven't been able to get ahold of Frack either recently. He sometimes goes into dead periods when he's working densely with the LBRG committee.
It would be, yes.
I'm going to guess Feb. typically takes around three-ish weeks to finish a quarterly in general. Considering that this one is the 10-K and they're double-checking every step of the way, I'd estimate sometime in February. I'll be adding all in January in preparation because we're on the final stretch. When I last spoke to Frack he told me they "had compelling arguments for finishing the financial year out." I'm guessing this is being unfolded.
Upside is the deal is most certainly real, and the potential companies that have been found are all tied to larger bodies.
Frack does respond to us, it just takes several attempts to get ahold of him. He's always a very grounded and upfront individual with us. If you have any uncertainties, I suggest calling him until you get ahold of him. He'll right your concerns rather quickly.
Guessing they're wanting to tackle the final quarterly and be full circle on the yearly cycle. It would definitely make the transition smoother on the books.
None here bud. I haven't tried to contact anyone recently.
I would like to bring attention to the fact that the last three postings of filings were on Wednesday, Thursday, and Wednesday respectively.
I haven't been able to get ahold of him. Just a voicemail or two. There exists a reasonable possibility they drop Wednesday-Friday given the next quarterly is due on the 31st. The Hong Kong stock exchange has been closed yesterday and today meaning the merging company is probably on holiday. Bad time for announcement.
If that hypothesis doesn't flesh out, then I'd say late January will be our token upwards. Looks like the incoming company could be dollar worthy based of all that's been dug up.
Has anyone spoke to the CEO?
Celebrating Christmas a few days early I see!
I didn't want to try today given it's so close to Christmas. We'll pick up next week.
I understand where you're coming from bud. Everything is under control. We just need to wait it out like we have been.
Let's chill man. G&L's on our side and has been. He's done more than his fair share of DD for us.
We've all been hit by this company. Some larger than others. Let's just enjoy Christmas and see what next year has to offer for IFCR in terms of gaining back our losses.