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Did you miss that I referenced the last couple of months, lol?
which is almost 300% from it's 2 month lows
Some folks working really hard to drive the PPS down, lmao.
All I can say is wow. 6 weeks post-RS, and IMDS folks have already dumped it to .012, or a pre-reverse split price of .000024.
So, much for not getting much lower than .0003. That .0003 PPS, a few months back, was 12 times higher than this.
squeak1 Member Profile
Tuesday, September 25, 2012 11:25:46 PM
Re: None
Post # of 32111
Let's face it it just can't get much lower!
WITH THAT IN MIND 0.0003!
Always nice to see, a $10K block buy.
I like FCGD too. I think it gets a push at some point from down here.
Time to push it back up. LNWZ bid UT'd a bit, and .025s gone on ask.
LNWZ, .015/.025. Looking pretty cheap down here. At some point....watch out.
Great to hear
Yes it is. Much better. How is everything with on your end.
$3500 at a .041 bid now. Go time.
You are correct, lol.
That's always nice. $4500 bid.
This should go up well.
Very nice
NLEF - 35K buy at .04 just after the open.
I've been using a Firefox add in, page updater. I have 30 or so pages set up for ammo, mags, BCG, and uppers. It checks pages for changes every 5 minutes or so. Then it highlights the change and alerts you with a pop-up. Been seeing a lot go from out of stock to in stock, but it only lasts a few minutes.. Gotta be quick.
Man, you see the volume on IPRU, 911,911. Is that a MM sign, lol.
$14 mil at .80 is massive.
Head fake, lol. Headed back down. Folks who are integral parts of the company would know this.
They're from a private placement. I wondered when they would do some equity fund raising from their AS increase last year. .80 per share is pretty darn good. Sold 18 million shares worth 14 million dollars.
Independence Bancshares Announces Closing of Private Placement Offering
GREENVILLE, S.C., Jan 07, 2013 (BUSINESS WIRE) -- Independence Bancshares, Inc. (OTC: IEBS) (the "Company"), the holding company for Independence National Bank (the "Bank"), announced the closing on December 31, 2012 of a private placement offering in which it issued 17,648,750 shares of common stock at a price of $0.80 per share for gross proceeds of $14.1 million. Hovde Securities, LLC was the exclusive placement agent for the offering.
Lawrence R. Miller, President and CEO of the Bank, noted, "We believe raising capital in this offering will help us to improve our capital levels in excess of regulatory requirements and better position the Bank to expand its business into higher growth opportunities that are designed to deliver more consistent earnings going forward."
In connection with the closing of the offering, the Board of Directors of the Company announced the appointment of Gordon A. Baird as the Company's President and Chief Executive Officer and as a director of the Company effective December 31, 2012. Mr. Baird has had an extensive career in banking and financial services, as well as in building new financial services businesses. Mr. Baird began his career at John Hancock Real Estate Finance in 1990, continuing with State Street Bank and Trust Company and Citigroup Global Markets, Inc. He has extensive experience in bank regulatory issues and payments, technology, consumer finance and capital markets.
Mr. Miller, who had served as the Company's President and Chief Executive Officer since the Company's formation, will step down from these roles but will continue as the President and Chief Executive Officer of the Bank. H. Neel Hipp, Jr., Chairman of the Board of the Company and the Bank, stated that "Mr. Miller has been instrumental in helping us to complete this capital raise and will continue to focus on strengthening a platform to provide full-service traditional community banking services in the Greenville, South Carolina and contiguous markets. We look forward to many more years together as Mr. Miller continues as President and Chief Executive Officer of the Bank."
About Independence Bancshares, Inc. and Independence National Bank
Independence Bancshares, Inc. is a bank holding company headquartered in Greenville, South Carolina. It owns and controls all of the capital stock of its sole subsidiary, Independence National Bank, a nationally chartered bank. Independence National Bank is proud to be a bank located in Greenville, South Carolina. Since opening for business in May, 2005, we have been providing a complete banking line of business including consumer finance, business banking and merchant services. Our goal is to continue to deliver services that provide exceptional value to the community we serve.
Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as "anticipate," "believe," "forecast," "estimated" and "intend," among others. These forward-looking statements are based on Independence Bancshares' current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, without limitation, our ability to comply with our Consent Order, including the capital directive therein, and potential regulatory actions if we fail to comply; deterioration in credit quality; greater than expected losses in the sectors of our loan portfolio secured by real estate; the adequacy of the level of our allowance for loan losses and the amount of loan loss provisions required in future periods; the rate of loan growth and the lack of seasoning of our loan portfolio; our ability to attract and retain key personnel; significant increases in competitive pressure in the banking and financial services industries; and changes in the interest rate environment. Independence Bancshares does not undertake an obligation to update or revise any forward-looking statement. Investors should read the risk factors set forth in the Annual Report on Form 10-K filed with the SEC on March 7, 2012 and other periodic reports filed with the Securities and Exchange Commission. All of the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date hereof. In addition, the Bank is currently under a consent order with the OCC and must obtain OCC approval to expand its business model. There can be no assurances that the Bank will receive OCC approval or be successful in implementing the steps necessary to expand its business model.
SOURCE: Independence Bancshares, Inc.
CONTACT:
The Byrum Innovation Group Reed B. Byrum, 864.567.7468 Reedbyrum@byruminnovation.com or RLM Finsbury David Millar, 646.805.2009 Dave.millar@rlmfinsbury.com
IEBS recently completed a PP, 18 million shares at .80 per share. Things are looking up.
jmurfk Member Profile
Tuesday, January 03, 2012 11:01:11 AM
Re: jmurfk post# 194229
Post # of 222725
IEBS is starting to tighten up, .14/.20. Positive net, and over $4 per share equity.
Up 81%
FCGD could get interesting again.
Yep, been adding revs lately also.
Much better. Could be a nice mover from down here.
GRAS getting some buys
No dilution for over a year
September 30, 2011 - Shares Outstanding: 638,700,000
September 30, 2012 - Shares Outstanding: 700,200,000
Wow, the OS is growing rapidly. I seriously doubt 25% of the original post-RS issued shares traded today. 4-5 million shares is heavy volume on a 100 mil OS stock.
I bet you are but at least you're making progress. Happy NY.
Your back. You made good progress on the houses?
Yeah, here it is, ID Matrix. I remember folks claiming these we're sales, lmao. So much for that. They sold one unit for 100K.
This is from the last Q, so it appears they only sold one of the claimed 15.
In December 2011, we announced that we signed an exclusive distribution agreement with ID Matrix Systems to market and sell our CTLM® systems to private and government hospitals and private imaging centers throughout China and Hong Kong. The agreement stipulates that ID Matrix must purchase a minimum of 15 CTLM® systems within the first year of the contract along with a 50% deposit with each order to remain our exclusive distributor for the territories.
In December 2011, we received an order for one CTLM® system with a deposit of $50,000 from our exclusive distributor, ID Matrix, which was initially scheduled to ship to China during the first week of January 2012. The distributor was not ready to take delivery so we will wait for their instructions for delivery.
It was that Chinese distributer.
Initially, I thought this was pretty screwed up for the permit holders. Then I realized, I'd be nervous if I lived there, and my name wasn't on that list. The libidiots doing their thing, lol. I bet thieves and burglars are loving that list.
Wrong again. The CTLM isn't light years ahead. The CTLM is dependent and subordinate to mammography, lol. This is per IMDS themselves.
I personally would never consider taking a mammogram for any reason whatsoever knowing how useless it is
I got some NLEF. Looks like a good one.
I grabbed some Friday.
the CTLM is a life changing system and everybody wants to own it!
Exactly right. Which makes you wonder how these 50k and larger blocks, which appear as buys, barely move the PPS on this 18-19 million OS stock. The dilution river is flowing already. Most stocks I've seen over the years, with an OS under 50 million, would jump up a nickel or more on a 50K buy.