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Update interview today-Tues-2/18
ICOR to Provide Investor Update on Trucking Fleet Contract
Last Updated: Feb. 18, 2014 - 7:00am EST
(NEW YORK)--InterCore, Inc. (OTC:ICOR), a public company focused on the commercialization and deployment of their driver alert system, will provide an update interview to discuss the implementation of their insurance contract worth potentially up to $96 million annually later today.
James F. Groelinger, the President and CEO of InterCore, Inc, is expected to provide an investor update in an online interview to discuss their current roll-out of their trucking fleet insurance mandate contract in Canada. The interview is expected to be posted here later in the afternoon Tuesday, Feb. 18, 2014.
Insurance Mandates for Technology
ICOR's driver alert system helps reduce on road accidents by alerting drivers of upcoming fatigue and need for road side rest breaks. With driver alertness one of the main factors for on road accidents insurance companies are now mandating such driver alertness systems to shipping fleets as way to reduce premiums and insurance costs.
$96 Million Insurance Contract
In Sept. 2013, the Company announced it had began implementation of the first 1,000 trucks for their driver alert detection system. This initial roll-out, which started in September, is the first part of their previously-announced arrangement with a major insurance company to implement a program that could involve up to 80,000 vehicles. In a recent release the Company announced that 1,500 apps for their truck driver alertness app had been activated.
Based on $100 a month, per vehicle, this roll-out from this one Canadian insurance company alone could mean nearly $96 million in annual revenues for ICOR once all 80,000 vehicles are online and in the system. For the 1,500 trucks potentially in the system now that would equate to $150,000 per month in revenues currently.
iPhone Launch to Boast Roll-out Dramatically
The Company is currently finalizing its iPhone app version of its driver alertness software, which once launched could see a dramatic increase in trucks utilizing its technology. Since Apple iPhone is much more popular then the Blackberry app currently in use with these trucks, once launched ICOR could see the number of trucks in the ICOR alertness system jump dramatically to well over 10,000 trucks, or $1 million in net revenue per month.
Thus ICOR has been issued a short term "speculative" price target $4.00 per share.
http://www.wallstreetnewscast.com/profile/icor.html
I hope "shortly" means next week. eom
ICOR Update via Podcast coming shortly.
http://www.wallstreetnewscast.com/profile/icor.html
I couldn't find a date and time as of noon today.
As they say: "Stand by for news" ?
Some of us 1998'ers
Are still around , aye?
Which is actually kinda sad.
Well, 30 grand was all I had in also...
But I let all the profits from trading slip away.......sticking with the "promises" and "potential"........ yeh.
I knew better.
The only tricks I do on the Husky.....is when I'm crashing. Ha.
We were a little light today on volume........but at least we had..
........some.
Forgot to mention-new chemistries
I don't remember who used to warn us of new chemistry in the battery world......but they were correct.
I got one of these Lithium Iron Phosphate batteries for my 600cc motorcycle and it weighs 1.7 lbs. 345 cranking amps ....and puts out more amps the more you crank it.......if necessary. Love it.
I swear this thing could fit in a cigarette pack but they form them up in a light plastic OEM sized shell so they'll fit in the factory battery boxes........and I guess Lithium Iron is considered old tech already.
The biggest problem with most of the new exotics.......is they blow up!
Yeh, Retired 10 yrs....doing ok.
I was up almost $150,000 in profits at one point back in the day of PWTC promo. I stopped in Houston one time on my way to Denver and got the BS from Ol........what's his name.
I let most of that get away from me over time........and I'm an old washed up day trader. Ha.
Then when PWTC got into the triple 0s I picked up a couple million cheap and we had the skateboard zoom and I tripled that money which wasn't much......and slowly picked up 12MM at an avg .0002.......
when that crashed so I've just been letting her sit............
I hardly trade the market at all.......just ride my dirt bikes in the woods. I'm going to hurt myself someday on that Husky 610 so I better quit that too. Ha.
Blessings Otter.
Nobody buys in volume.....unless......
they are trying to "retire" as many shares as possible.....
so they don't have to buy them from future market activity when a merger or takeover is announced and the stock gets more expensive.
25MM and 40MM days seem to denote a future owner is trying to garner majority ownership or voting right shares for an eventual owner change.
Once a plausible rumor starts circulating that a viable operation is interested in the "shell" of PWTC as a presently trading company, the buying will begin again and acquiring additional shares to attain "majority ownership" in the open market will cost much more than sneaking in on these quiet days to slurp up a few million at a time.
We may still have Billions in issued and outstanding shares......
so there is a lot of buying to be done before "the float" gets reasonble and upward responsive to buying pressure.
The Ask did move up to .0002 and.....
The Bid showed 14MM being bid on my Schwab trading platform.....
where no Bid Volume has been present for ......months.
I'd say the stock is in play with someone buying 40MM today.
Heck, it might be atleast a double if one can get enough at .0001
I'd venture a Reverse Merger is finally in the wind.
Lack of information & delays are killing us.
When one product companies go silent for longer than expected, it quite often means a "snag" of some kind has occurred and no one wants to talk about it.........until they have to in a SEC filing.
Previous PRs relating to "after the first of the year" and after the reverse split......and after the Apple smart phone migration it sounded like the ADS software was going to be ready for Prime Time and revenue contracts.
It still may.........but how do we know? No one seems to know.
There is some delay......for whatever reasons.....and the smart money is not buying.
No information = No Interest = No Bids......and that's where we are.
The MMs are the able to move the stock all over the place.......and usually they like it down....so they can acquire and trade on the cheap.
There are actually no real heavy seller either.
I feel the Sells at the Bid are either the company generating a little weekly expense money or vendors cashing out, when they can, from being paid in stock.....probably long ago as per some of the 10Q statements.
It's a chess game now at these levels......there is some pretty big Bid volume down low here.......so, somebody still likes it.
Play on.
Intercore trading now as ICOR
So, we're back to ICOR.........dropping the D
But, it also appears we're back tracking on news.
It would be nice to have some INFORMATION!.......
We've got 4 Market Makers....
Citadel, Stock Cross, Knight, and Collin-Stuart
That 3.00 trade was a retail trade......and not an "internal
trade" between two parties that simply got "reported" to paint the tape................
However, the spread has narrowed down somewhat and it seems only the MMs are working the spread at 100 shrs volume.
Around 10:30 the Bid/Ask really jumped around and went to
1.55/4.00 for a short while after that 3 dollar trade.
It would be nice to break that 4 dollar barrier on news.
Interesting Bid/Ask action @ 10:30-10:45
We may finally be getting a "market" ........and the smart money is starting to rustle......
IMO.....pending news content is leaking out.
Schwab support info...............
ICORD will carry the "D" for some time (possibly your 20days) as the D is strictly advisory.....of a Split.
ICORD is presently trading with the new symbol...... as witnessed by recent ICORD trades.
ICORD shares will be delivered to Schwab for distribution today.
ICORD could have technically been traded in & out of my account over the last two trading days since I already have positions in ICOR as long as I selected a menu item that states the new symbol shares would be delivered by Settlement date..........
Transfer agent should be tendering today....
ICORD shares should be arriving in our brokerage accounts
today, Monday, Jan 6th.......and reflected in our accounts
tomorrow.
Hopefully, that will allow some actual trading to continue.
Hmm, what does that mean?
"most brokers don't finalize accounts until then"
Schwab StreetSmartEdge software brings down a menu selection box on a Sell trade and one of the "options" for "delivery" of the new symbol shares that aren"t in one's account is: "corporation event, i.e. Split," etc "Transfer Agent will deliver shares before Settlement" and you're eligible to place your Sell trade.
Settlement on todays trades would be in a few days (3).......
so I'm confused on the 20 days account "finalizing"
Help us out.
Schwab agrees SC. Good post
Apparently, the Bid can be raised.... but when one attempts to "Sell"
the shares have not actually been tendered by the Transfer Agent (ClearTrust) and the trading platform flags the messgage that the "shares are not available in your account".
I'm thinking with the shortened New Years Eve trading day, we will not see an actual trade until Jan 2nd. ??
BTW, I put in a Bid, twice, and it was not reflected in StreetSmartedge trading platform......so I cancelled......and Schwab support guy could not get direct answer from his trading support folks.......so the situation will take a while to get settled in.....which seems unusual to me.
The ICOR Forward split info all happened real time in one day.
That would be me.
I'm the one who decided to bid .0125 today to take out the 30k @ .0123 and add another few shares to holdings.
BUT, it looked like I was the only one bidding above .085 at .088 for most of the morning.
It seems we have 5-6 lurkers here and 2-3 bidders. Ha. Not funny.
R/S tomorrow. ICORD needs to keep the positive, and stronger, news coming.
The company REALLY needs to spread the word.
Hi Don......an ol timer here
I check in on PWTC every couple years. Ha.
Good article. The biggest drawback to ALL the new "dense" technologies is volatility. They all catch fire too easily.
Just ask Fisker or Tesla..........or Boeing.
PWTC is just a Shell and completely out of the "skateboard" thang but I still have millions of cheap shares waiting for a big R/S where I get 1 1000th of a penny/share instead of 1 ten thousandth penny. Ha.
Take care.
Ealdog/MVNALMN (moving aluminum)
What'd I miss today?
Oh, R/S...."....on or ABOUT Dec 20, 2013"....
ABOUT.......that explains it...........unless..............
Correct. Exactly what we NEED.
"This gets above .04, or $4 post split, they could apply for AMEX or............."
Now, the only way we're going to get there is solid, progressing news.
Still classifying the present program as a "demonstration" is understandable.......but scary.
The $100/truck per month contract hasn't been confirmed......yet.
We had a lot of sellers down at .01 today. OK, we had buyers for that volume.......but why are sellers willing to unload down there?
I don't think they are all MMs just trading their book.
So, I think we should be popping a lot more than we are this close to the R/S.
We'll need some confirmation of the Iphone app upgrade, contracts or strong Letters-of-Intent for much bigger roll outs and new customers right after the R/S or we'll never make $4 bucks and higher ............not to mention the acknowledged 10Q threat of near future additional stock issuances.
Someone knows what's really happening. Some trusty truthy whispers would be wonderful about NOW......unless the market the last few days is doing that for us..........oh, oh.
I haven't sold a share in the last 3 weeks.
600,000 just Sold at .01
What does that tell us?
Wrap up overview PR just released @ 1:45.
I didn't realize the present 1,500 truck implementation revolves around Blackberry phone app.......which is ok.
The Iphone OS7 app is "imminent"......which may need to be completed before we get a PR on a continuing roll-out increase.
Let's hope buyer at .019 is smart money.
What a range of trades today........a traders delight.
If ICOR got a reputation for volatility, volume, and wide range days, it could become the darling of the penny's.......even if it went into the solid single digit dollars after the R/S.
Fundamentals wouldn't mean that much........which is actually not good.
So, the question is: How IS the roll out really going?
Any input?
We still had too many sellers in the 8,9s & 10s today for me.
I think the MMs really moved the range around today........and
hopefully that 19 buyer wasn't some poor person who made the mistake of flagging their buy "at the Market".....instead of a Limit order..........and some MM ripped them for the 100,000 shr trade.
Yes Wayno, you called a pre R/S selloff.
However, what happened today was one Big seller came in with 520,000 shrs and eventually the SHTF........because......I believe this seller started selling to WHATEVER the Bid was.......as the bids were taken lower and lower.
I don't believe today revolved around those who were alerted by their brokers about the "proxy" statement which was distributed to brokers and contained most of the information in the 10Q of 3 wks ago.
The MMs started taking little 10,000 tranches because the Seller was meeting them.
They started to smell blood and just kept lowering the Bids as the seller kept selling at whatever the Bid was.
Again,this is what happens when the trading is so thin. We had no trades for 4 days!
As the Bid tumbled from .01 down into the 7s it appears some Retail buyers were found and a couple of larger sells were made until we hit the 5s when the full 520K was finally extinquished.
The question is: WHO was this seller?.......a vendor cashing out?.....smart money/third party who doesn't like the way the roll-out is going?........the company generating expense money?
They were willing to sell at any price...........which is scary.
It is somewhat encouraging to see a million two being bid in the 7s.
Hopefully, that means someone is still willing to bet big on ICOR.
One week from today we get the R/S.
I hope it is backed up with good news..................
.
Need real traders; not just MMs
At least we don't have any heavy sellers.
Without news or even good rumors, the only thing we'll have are the MMs "playing with each other" 10k-20k at a time............
Over....
These cheap sellers could be vendors.
I have a feeling the company has paid certain vendors in the past with stock........and these 200k-300k cheap offers are the vendors trying to cash out........or, the company's broker trying to generate a little revenue for the company to pay bills.
I don't like the lack of bids..............even though someone is buying at the Ask on these dips......without listing/showing their Bid volume first.
Time will tell.........and time is getting short.
They are spending money on these 10Qs
They must believe it will be worth it.......and of course, the
management and insiders know exactly how the roll out is progressing.
I only wish we had more volume.........the brother-in-law effect is not working too well. Ha.
Zero Zero 1-2? I'm in for 2 more million.
Maybe .01-.012 ...................
I'm buying anything below .013
Reverse Split now Dec 20th. Edgar SEC filing.
It was Dec 4th.
I wonder what the board's thought process is on this RS.
We thought they might modify the ratio for a while........
and they still might.........eventually.
jmho
The cheap sellers bothers me a little. eom
This is what THIN does.
Man, the last two days have been interesting.
I was buying the Ask in small trades a couple days ago to try and keep the Bid/Ask above .0175 range.
I felt I was mainly dealing with MMs as the Bid/Ask volumes were small (10,000-20,000)
When that seller came in yesterday with 780,000 they had to go down all the way to mid 12s to find any buyer "volume".
This all happened in a matter of minutes so someone (MMs?)knew they had to go down to .013 to find any real buyer volume........and then they only got 200 and some thousand sold at .013 ......... with 556,000 still available at the close.
This is what happens in a thin market. One seller or buyer can really move it around with any kind of selling or buying volume.... to find those buyers and sellers.
I think we woke up some MMs this morning when they saw the spread going from the 13s to the 20s............
Someone really got a deal at .085 for 325,000 shrs.
Then again, who sells 325k at .085?........not a real believer.
Until we get some solid news to get the trading days more liquid with volume, this is the action we can expect every so often.
If one is a trader, trade away!........but keep a nice core position so you don't get caught out......on the upside or downside.
I think we're headed higher on news.
I just wish I knew the reason someone wanted/needed to sell 800k at 13.
ICOR is so thin.
There are just no sellers down here.........except for MMs.
When .0174 got taken out for a measely 20,000 shrs the Ask jumped to .025 with only 10,000 shown offered.
These 10,000 volumes at Bid & Ask are generally MMs just working their book.......as they say....even though they may not be showing their total available.
It looks like there are no "retail" shareholders selling.
We also need some stronger buying though.
The response to this last PR/Infomercial seems very weak.
I agree though with the .05-.10 numbers on solid contract news.
ICOR should really move.
The truck numbers are increasing
I'm not sure whether ICOR is saying it has contracts for the $100 per truck for the upcoming 5000-10000 trucks or they are just basing their projected revenue on 100 bucks.
It still is an improved PR.
They have mentioned in three different PRs over the last three months this $100 per truck number......so I assuming they feel confident they can get close to that in the actual contracts.
Looks like things are progressing.
Interesting find. Recent.
Well, I just lost a multi paragraph post for some reason so I'll just shorten one up and say a graphical oriented website like SRG's makes sense.
Sophisticated software like ADS should be reflected with a sophisticated site.
The company obviously has used very sharp software folks in the ADS development and wanted a commensurate website to reflect that also.
Hopefully, the site can be utilized as an effective marketing tool as it gets more content built in from the ADS roll out and results.
Yep, Good news and progress reports required.
You did good on the 10Q. That one is complex.
I think the right people are now the majority shareholders and can make ICOR work.....if not fly.
Hopefully, the auto industry follows.
Trucks and any commercial operations can still be huge, but a combination of the two industries is where the eventual monster money is .
The software and recognition devices must still be improvable, imo, over the longer term to refine effectiveness and create the growth.
Oops. Post Split shares are 37,xxx,xxx
Not 237MM as I stated. Sorry
If we want to go big........
If one wants to go wild, let's use the PR numbers.......that the company appears to have
sanctioned the PR news firms to use a while back.
80,000 trucks times $100 bucks per truck per month equals the vaunted 96MM/yr Gross revenue.
Using a 33% margin for Net Profit we get approximately 32MM divided by 750,000,000 shares equals
about .04/share profit.
Using a Price to Earning ratio of 20 we get 80 cent share price PRE Split......in today's market.
That's $80 dollars a share Post Split.
As per the revised 14C filing, I think we use 237,000,000 shares for the P/E divisor after the split.
Good question. Let's do some numbers.
I really haven't done detailed math.......but here's a general path
to predict possible stock prices based on Net income and P/Es.
If ICOR gets just a third of the sponsoring insurance company's 80,000 trucks
that would be 30,000 trucks......rounded off......initially.
Let's assume the lease rate gets written at $33/per month per truck intitially
instead of the PR hyped $100/truck/month. A hundred per truck may easily be
a doable rate.......but let's play conservative. A hunert does make the math easier. Ha.
So far, we're looking at $990,000/month.....gross.
Let's round to 1MM/month.....$12MM/yr.
Let's be aggressive with margins and use a 50% profit margin on the overall software implementation revenue.
$6MM/yr Net Profit divided by the present 750,000,000 shares equals approximately .008/share profit.
However, every stock reflects an actual or anticipated P/E ratio. Growth stocks easily command 20-200 P/E ratios.
Using a very conservative P/E of 10 we come out at $.08 ... A 20 P/E gives us 16 cents.
I just made this scenario up on the fly........and came up with 8 to 16 cents.
So.........05 to .10 cents Pre Split seems pretty reasonable to me.
I have no idea what an actual contract and truck numbers might be........but the P/E is the secret.
If the "market" likes the story; the stock can go.......anywhere.