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I am going to wait a few more months. If I remember correctly, according to the NVSOS, they have until sometime in October to fix the stock at a reasonable cost. After that the price goes way, way up. I still fail to understand why they would ruin such a promising company for a quick buck. I hope I have been a better role model for my children that Stacy has. She should be ashamed of what she has done to investors. I am sad for all of the hurt and hatred they have created. How will she ever teach her kids about right and wrong? “ Do as I say, not as I do”?
Question for anyone. Do you think Stacy and Evan care AT ALL about what they have done to some of us? If yes, then what are they waiting for? They can fix this ANY TIME they want to. It is not out of their control. They can deny it's not their fault until hell freezes over. My daughter is done soon in Miami, I'll try to have her check out Therapy. My wife is 1/2 way through reconstruction, and her MS is stable. She will probably divorce me when she finds how much I have lost on Inca. Have a drink on me Stacy.......
I agree with the last 2 posts. There is a fine line between making a womans crotch look sensual or gross. Stacy has lost the knack. I still hope they try to right the ship, but my gut is telling me, we are done. My daughter who is working a cruise ship out of Miami, and used to think the Inca stuff was great. Since she has a degree in costume design, I am hesitant to ask her about the 2014 lineup from Inca. We have both lost money. I have decided that Inca is not worth my health. Thanks OWG2
Evan says he and Stacy have nothing to do with the stock price, that all the shareholders buying and selling have nothing to do with them, since they have never sold any shares. They haven't sold any stock so how can they be to blame. How naive can you be?
I would just like to recoop the 110K I have invested, and call it a day. I no longer have an interest in making money with INCA. I just want out!
agreed, but still, I have also spoken to Evan, he really thinks the complaints are the problem, and they are not to blame. Why are they immune to the rules? I think he is an OK guy, but, he is just wrong about this, and needs to grow up and take the blame, OR blame Stacy. They are just wrong about this situation. I agree with you most of the time, and Evan has said he would like to do something for the shareholders that he likes, like you. He doesn't like me much. We will see...
Gary, Come on man, that’s like saying whistle blowers are responsible for businesses getting in trouble. The FACT is,, they were supposed to stay current and they didn't. Did you blame the police last time you got a speeding ticket? Or the IRS last time you had to pay taxes? We are a country of the rule of law and rules. They have not followed the rules, plain and simple. They HAVE to claim responsibility for their actions and quit blaming others like a 3rd grader would. The dog ate my homework………….please!!!!!
The SEC exists to protect investors, and make sure businesses follow the rules. I think it has proven time and time again, that it does neither of those things. Evan blames investors for the trouble with the stock. He told me so…..
Of course hope is not a good investment stategy! We are probably screwed..........
I'm not sure you are completely right Matt. My take from the SEC and Etrade is that their "registration" of the shares has been revoked.I think this is something that can be fixed with some money, and some forms to fill out. I hope I am right, and they see the light.
I could be totally wrong, but why would Evan convert money owed to him by Inca into stock if he thought the stock would go to -0-
I just think they aren't very bright. Sorry Evan, call me if you want to. You have a few more months to fix this in my opinion.
David
FRANKLIN MINING, INC. (OTC PINK: FMNJ) today announced that all parties have reached an agreement returning Franklin Oil and Gas, to Franklin Mining, Inc.
Renamed and operating as the company's Energy Division, Franklin Oil and Gas will explore new energy-based opportunities throughout South America on behalf of major international oil and gas production companies.
"This agreement enables us to fully expand the presence of Franklin Mining throughout South America," said William Petty, Chairman, CEO of Franklin Mining, Inc. "Our Energy Division will provide the opportunity to become involved in multiple industries and markets other than minerals and metals in an area of the world destined for rapid development and growth in the coming years."
Terms of the agreement were not disclosed. The company said it does not anticipate this acquisition will have a material impact on 2013 financial results.
ANYONE? ANYTHING?
I’m going to try sending out some positive thought s to INCA. Why wouldn’t they want to fix the stock? They would still have 2/3 rds of the company, and potential for financial growth is exponential as a publically traded company. The value of the stock could easily outpace revenues. I think that they will fix this and we can all get back to Incaville. I await the PR that says all is well, sorry for the inconvenience. Soon I hope.
I did ask the SEC why they took the action they did. The response was INCA hadn’t filed for so long and didn’t reply to letters sent, that it was just time to act. What they did was under the assumption that once a company is public, they want to stay that way so the SEC views revoking the registration as punishment to the company. I asked why some companies that have gone far longer haven’t been revoked, the answer was basically the luck of the draw. As with most things the government does, they were acting to “protect” us. The problem is, as usual they don’t know what they are doing, and don’t care about current shareholders. I still hope that Stacy and Evan are working to correct this situation.
WOW! mods, really? I thought that post was fairly relavant to the discussion. I was trying to steer INCA to a few positive things. Promo and funding.
It is My opinion that after speaking with the SEC,NSOS,and my etrade rep that they can fix this whenever they want to. If anyone has found differently, please enlighten us all. Thanks
My story keeps getting more unbelievable. My daughter who has a degree in costume design and was living in NY has taken a job on a cruise ship as the costume person. They have two plays on each cruise. Too funny, I wonder if they will be selling INCA in the gift shop. The cruise is out of Miami. Small, small world. She has been out of school for a year and only lost a couple of thousand on INCA. It would have been nice to have made a few bucks or at least break even so she could pay her school loan. Has everyone given up hope?
Thanks Ming, It is my father-in-law. I lost my Dad in '91. This guy is a real crabby old guy, but he and I get along. My Dad was the poster guy for fairness and patience. As one of 8 kids, I learned a lot from him. One thing he taught me was, when you are trying to make a deal, make an offer that you will take if the tables are turned. If I owned this company, I would cough up the money to get it current and trading again. I just don’t see a down side to making that happen. If the $1850.00 is a major stumbling block,,, I will pay it. No strings attached.
Peace also to you……….
Thanks Steinmans80. My response.
While I am stuck at home taking care of my 88 year old father-in-law, and helping my wife prepare for surgery, I started getting really angry again about Inca. Here is what I know:
1. Over a few years I have invested exactly $104,119.32 when I add the small amounts my daughters bought. Like many of you, small blocks that added up quickly, so lots of commissions paid.
2. On June 11th 2012, the commercial registered agent for INCA in Nevada resigned. This is usually due to non-payment according to the Nevada Sec. of State. I spoke to them today.
3. Inca is currently in default with the NVSOS. To get current they need to file the list of officers and pay the back fee of $1850.00. They now also have to pay an extra $135.00 for a new registered agent. They have until October to catch up, or the fees increase a lot and then their license will be revoked some time after that.
4. The SEC only knows they have revoked the ability for them to trade as a public company. They were unable to tell me what happens to the stock or the investor’s ownership of the company. They suggested I talk to my broker. They would not say if there is an ongoing investigation. Many departments at that bureaucracy.
5. I use Etrade and spoke to my “Platinum Team” yesterday. My broker said the cusip number just shows that they are in transition. I explained the situation and he said they still have an obligation to inform shareholders about what is happening and the lack of filings and revocation does not let them off the hook. They still have legal obligation to act in the best interest of stockholders. It is an actionable thing called “fiduciary responsibility”
6. I recently sent Stacy an email, but haven’t heard back.
7. I believe it is still in everyone’s best interest that they turn things around, admit their mistakes, take responsibility instead of blaming others, make investors whole, and get this thing moving again. I really hope that they are working on it.
8. This is not personal to me anymore. I am over that. It is now just a business decision, and will decide soon how to proceed. I have just found a law office that specializes in security fraud including fiduciary responsibility, and gross mismanagement. They will work on a contingency basis.
9. A PR from Stacy would help a lot if she has anything to say. They also have my phone number. (ok, it’s still a little personal) I’m still questioning her response to my email when I explained my home situation, and her reply was simply “fyi-please!!” Does that mean she doesn’t believe my situation? Or give me more time? I asked for clarification, but got none. As a professional, a wife and mother, and human being, I only hope that she will do the right thing.
10. Good luck to use all……
Sorry, I haven't even tried. Too much going on with my family right now.
Thanks gary
I recently tried to contact Stacy. I emailed her and ask if there was any hope for investors. I tried to put a human face to an investor—me. Here’s my story. My wife and I are both retired for medical reasons. I have had cancer in my left eye,(now in remission) and a very rare condition called “disseminated peritoneal mucunosis” My wife has a severe scoliosis, MS and now breast cancer. She also had skin cancer. (cured) I asked for Evan’s contact info, but instead got this reply----FYI-REALLY! I guess that means she didn't believe me. I replied and explained my email is not made up and I was just looking for a simple yes or no to my question. Evan has called me before, but I don’t have his contact info. Can anyone help? I found him to be reasonable after we cleared the air a bit. He and Stacy have both lost by having the stock revoked. I am hoping they can still pull a rabbit out of a hat for us all. I used to be C6driver. I have over 100k invested. Anyone have Evan’s contact info? I’ve tried to Google him but didn’t get contact info. Thanks…
TU, Thanks for the info,,what would we do without your keen insight!
I have found a few instances in SEC Form TCR in the whistle blower section that might be applicable to INCA. It’s just a start.
Corporate disclosure/reporting/other issuer matter (audit; corporate governance; conflicts
of interest by management; executive compensation; failure to notify shareholders of
corporate events; false/misleading financial statements, offering documents, press
releases, proxy materials; failure to file reports; financial fraud; Foreign Corrupt Practices
Act violations; going private transactions; mergers and acquisitions; restrictive legends,
including 144 issues; reverse stock splits; selective disclosure – Regulation FD, 17 CFR
243; shareholder proposals; stock options for employees; stock splits; tender offers)
• Sales and advisory practices (background information on past violations/integrity; breach
of fiduciary duty/responsibility (IA); failure to disclose breakpoints; churning/excessive
trading; cold calling; conflict of interest; abuse of authority in discretionary trading; failure
to respond to investor; guarantee against loss/promise to buy back shares; high pressure
sales techniques; instructions by client not followed; investment objectives not followed;
margin; poor investment advice; Regulation E (Electronic Transfer Act); Regulation S-P,
17 CFR 248, (privacy issues); solicitation methods (non-cold calling; seminars); suitability;
unauthorized transactions)
I think it came Tues. It is a freind of mine and I don't have the copy here. I will get it over the weekend and tell you the issue and the page. I'm sure it is the latest copy.
It will take some time, but I will be pursuing Inca, Stacy, and Evan in any way I can. Even a pink sheets company has a fiduciary responsibility to its shareholders. If I can find self dealing, or outright fraud, those are criminal activities. I have a promoter friend that has been thru this. He also said get an attorney. I have $100,000.00 invested and will spend more in an effort for justice.
The new Venus women’s wear catalog has a swim suite for sale that appears to be the Inca front grommet design. $89.00
I know you are right Lucky, but I'm pretty sure you can say anything you want to if it is true. I'll wait a bit. Thanks.
I am fighting mad about this!!!!!!
Maybe we can contact all of the retailers we can find and tell them they no longer have to pay for the Inca line since there is no company to pay. We simply tell them the stock has been revoked and there is no more company. Make Stacy have to sue them all for payment. Let's brainstorm this OK?
The new Venus women’s wear catalog has a swim suite for sale that appears to be the Inca front grommet design. $89.00
My daughter is a media expert, Good Idea !! Also here is a copy of the letter I sent to the SEC today.
To SEC:
I have invested in a company called Inca Designs Inc. Ticker IDGI. They have not reported to the SEC for a few years. You have recently revoked their stock. This is a real company with real product and sales. It seems to me that what you have affectively done is eliminated any chance for investors to recoup any money from this company. You have given the entire company to the current owners for free and gotten rid of the investors. I ask who is best served by this action. It is my belief that this was their plan all along, and they played you and us like a fiddle. Stacy Josloff and Evan Kaye are the owners of Inca. They are located in Miami FL. They have started other businesses during recent times and I suspect they have used income from Inca to fund their other projects. What recourse do stock holders have against these horrible people? Can you investigate them for criminal activity? Is there any way to reverse the revocation for the investors benefit? How do bilked investors start legal action? Some investors have lost over $100,000.00 each. Is there a way investors can force them to file the necessary forms with the SEC? Should investors contact the DOJ? Please help with any information you can.
Thank You.
Called the SEC. They just said "put it in writing on our website" I asked if revoked stocks are EVER reinstated. She said she thought they could issue a different class of stock, but she was guessing. Right now the "Gun to your head" comment is swirling around in my brain. Know what I mean? IMO this was done on purpose by these theives.I have lost all credability with my wife and family and I won't let this go---
It looks to me that only the float was revoked. 370,370 some shares.
Open Letter to management. Dear Stacy and Evan, Though things look bleak for Inca, it is not too late to do the right thing. Please get your reports current, apologize to investors and do some work on the investors behalf. There are a lot of folks who have invested in Inca, had friends and relatives invest, defended you and Evan to others and tried to maintain a positive outlook. So far you have let them down. I am posting part of an email me over a year ago. Please read it, think about it and reflect on what you said to me and others.
“I appreciate your email and the tfaith you and your family have invested in inca. As you know in a this tough economy, things are harder than ever. Please rest assured that inca is working as hard as we can to grow and build our company. We are putting all the building blocks in place to make sure all our stockholders are happy with their investments.
Believe me we are doing our best for a positive outcome for us all.
I wish you and your family a very happy new year!
Regards,
Stacy Josloff
OK, thanks
Yes PLEASE!!!!!!
All I wanted from my angry posts and comments was to get their attention and put some pressure on them to act responsibly. I don't want to destroy my investment. I'm curious as to what happened with the SEC because I was always told that Pinks didn't have to conform in any way. Is it because they chose to be a reporting company? or what?
I tried to sell,, couldn't enter an order. Probably have to call to place an order.