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$700 worth ?
{i}At this time, we have no urns and no caskets with this logo
That explains no sales then. No inventory......no sale.
Just noticed
NO BID/ASK
Scottrade
Hope it's a glitch
At a declining market cap, now at 900K,
you'd think this company is bankrupt.
I can't believe an OTC stock being valued at less than a Mil .
Are things that bad here ?
All that media coverage did do something. It helped sell shares.
So what do we have ?
A company that doesn't manufacture.
A company that has "licenses" under contracts that's not divulged.
A CLOSELY HELD CORP. Clint can do what he wants.
What is the true worth here ?
Should be a market cap of A mill?
Maybe less.
Trading for much more.
Tell you something ?
Seems to Qualify as a "holding" corporation, me thinks.
Truly a subpenny IMO
Investors ?
LOL
The principals get paid, do the shareholders ?
That may have been a contracted sale.
Could this be a sleeper ? Would be a pleasant penny surprise, if it were.
This company looks to be worth much more than the One Million market cap it currently has.
What am I missing with that thought ?
What of the one that just sold those shares ?
thas why they're called "true believers".
food for the con.
Taking his meds I hope
I just gorged myself at the feeding bucket.
Up till now it's been a "berry, berry" good flip , tho.
What you post, is a very bitter pill, for the "investors" here, to swallow.
Does anyone have an explanation, as to where all these shares are coming from ?
care to translate ?
google VFIN
Typical VFIN contract agreement:
SECTION ONE
STATEMENT OF WORK
VFIN will, on behalf of the Company, perform the following services:
Financial Advisory Services. VFIN will provide capital market advice
and will work with the Company's management in creating market
awareness of the Company and its stock, and in the organization and
sponsorship of investor presentations both on an internal and external
retail and institutional basis. VFIN will make a market in the
Company's stock and will seek to establish other market makers in the
Company's stock. VFIN will seek to increase liquidity and maintain an
orderly market in the Company's stock, including assisting the buy-side
and in cross-block trades of the Company's stock. VFIN will provide
advice to the Company pertaining to stock buyback plans, stock splits
or dividends and other related plans as they pertain to the Company's
stock price and liquidity. At the request of the management
("Management") of the Company, VFIN will attend shareholder and Board
Meetings to make presentations. VFIN will work with management of the
Company on a shareholder communication program and other technology
initiatives to assist in facilitating all of these points. VFIN will
also make available all corporate services group personnel to assist
management and employees in areas such as 144 transactions, cashless
option exercises, and all related services that an employee of the
Company may wish to avail themselves of.
Assessment. VFIN will prepare an assessment ("Assessment") of the
Company's current business, operations, strategies and target markets.
The Assessment will highlight market conditions and other contributing
factors that would likely influence the Company's ability to
successfully pursue the current course of business.
Fairness Opinion. VFIN will render Fairness Opinion(s) with respect to
any potential transaction(s) that the Company is currently or might
consider contemplating. Said Fairness Opinion(s) will be organized and
will contain language standard to such documents. Such Fairness
Opinion(s) will be delivered for a fee to be mutually agreed upon prior
to commencement of work by VFIN for each specific transaction.
Information Memorandum. VFIN will work with Management to become
educated in the Company's intended business, operations, strategies and
target markets. VFIN will then, in coordination with Management, assist
in the preparation of an Informational Memorandum ("Memorandum") that
will articulate the business opportunity, the business and financial
NEWS following SEC form 8-K today
CORONA DEL MAR, Calif., July 27, 2009 (GLOBE NEWSWIRE) -- ICC Worldwide, Inc. (OTCBB:ICCW - News) today announced that a comprehensive agreement had been reached with four of the firm's principal financing sources to consolidate a total of ten existing promissory notes, each with varying terms and conditions, into four new superseding notes with a much more consistent set of terms. The new notes all carry a 10% interest rate and mature on June 30, 2013. The effect of this consolidation not only reduces the number of notes outstanding to a single note per lender, it also simplifies the company's capital structure and reduces the number of fully diluted common shares.
Additionally, the new notes: 1) eliminate the conversion feature in both the loans and preferred stock, 2) eliminate the put option for the redemption of the company's Series C preferred shares, and 3) reduces the liquidation preference on the Series C preferred from $0.60 to $0.36. In consideration for these changes, the company has issued 250,000 warrants to the lenders.
Rich Lauer, ICC's President & CEO stated, "This is a very positive development for the company. These new notes and the associated capital restructuring should make shares of ICC Worldwide considerably more attractive to potential investors. Not only is ICC's debt simplified and more consistent, under the new terms we have reduced the number of fully diluted shares by several tens of millions of shares. In doing so, we believe we are creating a more liquid market for the company's common stock. As a result, the company believes additional options may become available which could positively affect ICC's ability to retire its debt."
Lauer went on to say, "We have worked hard to make this restructuring a reality. And we are extremely grateful to our existing note holders for their support and cooperation with this transaction. To view the complete set of documents including terms and conditions of this restructuring, please refer to the 8K which has been filed with the same date as this press release."
When a sale shows on the ticker, shares have been "sold".
Why is this something to be arbitrated ?
gotta meet payroll
OK, Thanks
Pinksheets "current information" #
Authorized Shares
1,800,000,000 as of Jan 21, 2008
that's five days after the R/S
IBox says 800,000,000
Has there been a change to eliminate the billion difference ?
Or are they still in treasury ?
Going Concern
The Company has suffered losses from operations that may raise doubt about the Company's ability to continue as a going concern. As of March 31, 2009, The Company has both negative working capital and a stockholders' deficiency. The Company may raise capital through the sale of its equity securities, through debt securities, or through borrowings from financial institutions. Management believes that actions presently being taken to obtain additional funding provide the opportunity for the Company to continue as a going concern. There can be no assurance that additional financing which is necessary for the Company to continue its business will be available to the Company on acceptable terms, or at all. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
As long as you don't breathe while reading
Extremely well written.
Thanks for the link
"I have a friend who is the manager for a major brokereage company in LA. He said the head trader for the company is heavy into spng and that he is getting major investors moving on it"
Hmmm, a friend, heh ?
Seriously,
I just had to check this board out. ETIM, ETNL, what's next ?
Board being called a cult on the other boards.
Is this still a good investment buying on the dips like all the regular posters do ?
LOL