Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thanks. I will try to reach him today.
What does this mean? What amount will IFCR receive?
When is David releasing the next PR?
Can't do much now but wait...
Since he didn't call.. I will put all of these questions in an email to him.
He did not call... Too funny.
Good question.. If he calls me I will ask.
That is a priority question.. He hasn't called me yet... Still waiting.
Ha. Ha... If only I can get away with it.... "The purge"
Surprise email out of the blue from David. Asked me what number I can be reached for a call this afternoon.
Anything you guys want me to hammer him on?
I suspect David is waiting for all of the loose ends to be tied up before issuing a PR and completing the audits. The things still in play are the two acquisitions, the separation of the Morris and Smith subsidiaries.
With Morris and Smith being removed IFCR there will be a lot of negotiation and will take time. It's like a divorce.. Who will take on the debt how much does it cost the subs to separate. There is no use in issuing a PR and audits until the house is in order.
Just knowing that this is the company direction makes me more at ease with the no volume. Its not a matter of if this this take off its a matter of when. Being patient with get you the prize and It will be huge if everything goes to plan.
I have not. I was hoping that he would have called me back last week.
This makes sense.. When speaking with David he mentioned that a R/S will open IFCR up to a new class of investors. It slipped out that IFCR will be trading at $0.70 with no debt after cutting loose the problem subsidiaries. His plan a few months back was to uplist IFCR through R/S.
By removing Morris and Smith subsidiaries they will receive a buyout and can transfer remaining debt to them.
He know that the value should be close to $0.0007/8 and my guess is that he will R/S when we hit $0.0007 bring us to $0.70. Hopefully at this point he will close on the two acquisition to get us over the $1 price.
Actually... Not too bad only $12K value.
Thanks for sharing jrsh! Yikes 120M..
Anyone have L2 view? Just curious how many shares on the ask $0.0001
Even with half the revenues gone because of Morris and Smith being removed IFCR is still about $10M-$15M company. Thats better than 90% of the OTC companies that have no revenue and zero communication from the company.
Don't forget that most of the debt and litigation are against these two subsidiaries. When they part so will the liability and debt. IFCR will also receive a substantial payout from the subsidiaries to separate.
I think we will be in good shape here
You have to understand that you are not investing in a blue chip stock here. Over the counter companies do not require for the CEO to have a business plan, hold shareholder meetings ot even put out PRs. This is a gamble and companies can go either way. Do you act like this is you lose at the casino??
If you want reliability and company communication you should invest in companies listed on the NY Stock Exchange. Just saying...
I just moved my sell position up to $0.0004.
Last time David and I spoke he mentioned that they just received financing for the acquisitions. We spoke for less than 5 minutes had to let me go and said his banker was on the other line.
I am ready for the run tomorrow. I think we will see $0.0002's before noon.
Locked and loaded!
David usually releases news Tuesday afternoon. Im expecting things to really move tomorrow.
I am ready for the run next week. Load up!
If it is anything like the last run (4 months ago) this will get up to $0.0004 quickly. As I recall it took less than 2 days to get through a wall of 800M at $0.0002.
Yes... And it will move fast. When the audits get released this will immediately move higher.
I am expecting a run early next week.
I have to agree with you. I would say never.
I'm seeing 0.0002's or 3's in the near future.
If David is true to his word we should see the 8K today or tomorrow.
I think there is a good chance for a run if a positive PR is released.
I agree.. I am holding and waiting for the news. I am expecting this to run in the next couple of days.
That's great news! "Details can be found elsewhere" Where are the details found?
Do you think this will run tgis week after the 8K release?
Someone is loading up big today. Someone knows something.
I have a feeling that this week big news will be coming out. David seems to stop all communication weeks before positive news is released.
Is this becoming delisted? For some reason I am not able to place a sell order. The symbol is not found in my trading account.
Hey maz, great to hear from you.
I am wondering why David has gone silent. I still think something big is brewing. I guess we will have to wait and see.
Very good point of view. I agree that something big is going to happen soon and he probably doesn't want to be seen as inside trading by telling everyone who calls.
Not sure what to believe at this point. Audits should have been released by now. Maybe he is trying to sell the company. Could explain why we was at a trade show a few months back.
There are a few flags here for me. I spoke with David several times and always had confidence in his plans and direction. At one point I had close to 200M shares. I am now at 90M and hope that things start moving. With the lack of communication and follow through I am starting to lose the faith.
Anything at this level is like betting at the casino. You got to be prepared to lose it all.
David has the opportunity to issue an extra 5 billion shares and do a R/S to dump them if he wants to. He hasn't done that.
I agree everyone keep calling him. Eventually he will answer someone. Not sure what it is but something is happening behind the scenes with the company. He has always returned my calls in the past.
I have been sending emails daily and calling weekly. No replys yet.
I want to question him about the audits being 90% complete 3 months ago and the fact that the auditors are saying that they are not processing anything for IFCR. This is a big flag for me.
Are things finally happening?
Possibility David Evins is the new CFO. Have a look on linked in. He has sent endorsements to both David and Hank and is connected to IFCR page.
It looks like a recap of a previous press release.
I just came across this news released about IFCR in September. Not sure if it was posted already.
http://www.journaltranscript.com/2016/09/integrated-freight-corp-otcmktsifcr-reaches-debt-settlement-agreement/
Integrated Freight Corp (OTCMKTS:IFCR) has provided an update on its outstanding debt, litigation as well as a judgment claim involving one creditor. In a press release to shareholders, the company says it has reached an agreement for the settlement of $4 million related to legacy creditors.
Debt Settlement
The board of directors has approved the creation of classes of preferred stock that are to be used to settle the outstanding debt. The shares are to be issued as a portion of the consideration for the settlement of the outstanding debt. Away from the outstanding debt, Integrated Freight Corporation says it has opened talks with one of the creditors as part of an effort of finding an amicable solution on a judgment claim in the excess of $8 million.
The holding company says it is continuing with weekly discussions with the counsel of the creditor to see if the $8m claim can be settled in the range of between $75,000 and $200,000. If everything goes as planned negotiations should conclude before the end of the fiscal second quarter.
Ownership Wrangles
Integrated Freight Corporation has also confirmed that it is engaged in a fierce tussle with one of its subsidiaries over ownership. Given the standoff, the company has warned it could book the subsidiaries’ operations as discontinued for the quarter ended December 31, 2016. Such a move will also reduce the estimated run rated by $16 million annually.
The management is already looking into the future amidst the ongoing tussle with one of the subsidiaries. In a bid to offset the expected loss in revenue, the management has confirmed that it is in negotiations with other acquisition targets. Success on this front should bolster the holding company’s revenues by between $5 million and $15 million.
Separately Integrated Freight Corp (OTCMKTS:IFCR) says it has identified candidates for the Vacant Chief financial officer. An announcement on the new hire should be made in the next few weeks.
Iddriven Inc (OTCMKTS:IDDR) Starts To Decline Once More After Brief Spike
Iddriven Inc (OTCMKTS:IDDR) has started to gradually decline, after observing a spike in its share value, after it engaged a major tech firm, based in Belgium. The stock has lost around $0.05 in terms of its share value, during the last five trading sessions alone. On August 25, IDDR had announced that it had engaged with Tobania, a tech consulting firm, based in Belgium. The company noted that the tech firm had an impressive client list, with several Fortune 500 companies on the list. The tech firm also has a revenue forecast of $70 million for the current year.
This was the second engagement by the company, in a month’s time, with a consulting firm based in Europe. Earlier IDDR had announced that it had partnered with PATECCO, which is based in Germany. The consulting firm was to be a channel partner for the company’s Identity Access Management platform. In the past few months, IDDR has engaged with a total of four IT consulting firms, for its IAM platform, both nationally and internationally.