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as far as I know, it was not added
the Autho Shares is 2billion, after the 3 billion reduction
we are not over 2 billion Autho are we?
wow!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
thin thin thin thin - can you say thin - how many times!!!!!!
if the trading action does not prove NO DILUTION
then I dont know what does
//beeimg.com/images/i75792240251.png
wow!!! you got me smiling on that one!!!!
u notice how thin that float is - woooooooooooooo!!!!
gosh, imagine a INCC buy back program into the treasury and how much more thin this would be and what kind of potential it could create
Nice Post!!!! Thank you for sharing with us bturk!!!
I would say that is very nice!!!!
so instead of 2billion autho,
we really are only at 1.9billion autho - am I understanding that correctly?
gotcha, thanks for the update
this is definitely a lotto play
the half billion bid at 1 keeps it interesting for now
but they need to do some work here if its gonna move at all . . . .
appreciate the insight, i think it can run too, at it seems kinda thin for a penny
what is your tolerance here? and where do you feel it can run to within the next couple weeks
i dont mind holding either
another interesting point is that the 200ma is .0038
and yesterday we closed right on the .0038
all the chart players were looking at the .0038 mark
this could get really interesting
if it bounced from this point, it makes the most sense from the chart
obviously a chart play is always is what it is
but i know some purely chart traders and they are liking what they see right now
add on top of the fact that you do have some strong and longs in here and maybe some shorts and that can add up into a crazy bounce
the news seems good, what are you guys thinking here?
this could be it fella's
we know how thin this is
and if there is SHORTS out there, who knows where she can fly
it is starting to look really interesting right now
for a bounce
we have had 6million volume already today
and that 28 and 29 bid was growing when it was whacked
this could be a turning point right here
we know how thin it is . . .
perhaps the last person that wanted out, finally got out
the first upswing that INCC had was from .0001 to .0047
from .0047 it retraced back to .0010 on July 18th
from the .0047 to the .0010 it was roughly an 80percent retracement
from the .0010 on July 18th
then we had the second upswing to .0219 on September 10th
and today we are back to .0028
that is roughly another 80percent retracement
today's volume so far is 6million and the market has not been open for 1 hour yet
could this be the turnaround at these levels?
yes, added these .0048's,
lets get this thing rocking :)
A lot of hits on the .0009 im noticing
NICE POST makes a ton of sense to me !!
NICE POST!
Have to Agree With you GM_TECH!!!!!
add on these dips in my opinion . . . .
ACCOMPLISHMENTS TIMELINE IN ONLY 5 MONTHS imo pretty impressive
As of today, our team has accomplished the following against our overarching
development strategy.
Second Quarter 2014
• May 5th, 2014 - INCC announced Medical Cannabis Holdings Inc.
• May 19th, 2014 - Announced the Intent to Reduce 3 Billion Shares
• May 29th, 2014 - Engaged CPA to complete Financial Statements needed to bring its
status with OTC markets current
• May 29th, 2014 - Engaged contractors to complete branding and website
• May 29th, 2014 - Reviewing several potential solutions for removing DTCC chill
• June 17th, 2014 - INCC enters into BINDING LOI to purchase GroPro Systems Inc.
• June 30th, 2014 - Definitive Acquisition Agreement with GroPro Systems
Third Quarter 2014
• August 7th, 2014 - Executes Binding LOI to Acquire Assets of Vortex
• August 12th, 2014 - Announced MCHI To Exhibit at the Boston Freedom Rally
• August 15th, 2014 -Steven A, Jablo Joins Medical Cannabis Holdings as Chief Operating
Officer
• September 2nd, 2014 - Drew Newsom to Vice President of Public and Regulatory Affairs
• September 10th, 2014 - June 2014 Financials uploaded to OTC markets
• September 13th, 2014 - MCHI exhibited at the Boston Freedom Rally
• September 15th, 2014 - INCC engages Auditor as it makes way to Re-List as Fully Reporting
Company
• September 15th, 2014 - Florida SOS officially amended 3 Billion Share Reduction
• September 16th, 2014 - Attorney letter uploaded in regards to Current Otc Status
• September 17th, 2014 - C. Mehos and IP counsel are completing the filings of GroPro's patent.
• September 17th, 2014 - Attorney meeting making forward progress on CO state license
• September 18th, 2014 - OTC compliance review of INCC to qualify as Current
• September 19th, 2014 – Current status on OTC markets achieved
• September 24th, 2014 – Launched Corporate Branding Website
• September 26th, 2014 - Accepted credit facility up to 3 million in private funding (details to be
announced after agreed confidentiality period)
Fourth Quarter 2014
• October 10th, 2014 - INCC Engages Special Counsel: Andre L. Ligon, Esq to Remove DTC Chill
- update in 30 days
• October 2014 - Goal for Chaffee County Grower to submit Completed Attorney Reviewed
CO state application
• November 2014 - Goal to file GroPro Patent Application Fully Submitted
• December 2014 - Goal to have 2 additional definitive GroPro Leases executed and signed (1
currently signed to date)
• December 2014 - Goal to have GroPro Sales Team Built and Trained
• December 2014 - Goal to Launch B2B GroPro Advertising Campaign
TRANSPARENCY AND ACCOMPLISHMENT
Dear Fellow Stakeholders,
As with any emerging company on the brink of a powerful national presence, opportunities for leadership and challenge will arise to test our mettle. How we deal with these opportunities and challenges will establish our leadership, transparency and trust within this new industry.
I am confident that with our outstanding executive team, growth strategy and your support, we will emerge as a market leader, providing technology for the medical benefits of cannabis to our target communities and proudly contributing to job growth.
To accomplish our growth objectives we will leverage our leadership, execute our strategy and continue to develop our reputation, which are all critical to our success.
As we move forward, be assured there will be times when our principles are challenged. It is important at these times to provide response to sort myth from truth and continue our development; this is one of those times.
Recently, I have become aware of a specific challenge, which has developed into a question regarding INCC’s leadership experience and two isolated business dealings within my background, which I consider important enough to warrant a personal letter.
My intent for this communication is, first, to provide disclosure and, second, to share the expert backgrounds and areas of focus for the INCC leadership team and provide an timeline of accomplishments of our progress toward achieving our goals—to assure you of our level of skill and commitment to building INCC.
First, to address questions regarding my background, and for the sake of transparency, I provide the following:
Challenges: details and resolution
After more than 26 years of experience assisting many organizations with capital acquisition and business growth within the finance and real estate industries, I personally experienced two very challenging professional events, resulting in my filing for bankruptcy in September 2013, which was also discharged in December of the same year. Here are the primary details of the two isolated incidents, which, while a challenge for me at the time, will have NO impact on INCC!
1-2-1 Direct Response
In 2009, I purchased 1-2-1 Direct Response, a telemarketing company located in Pennsylvania serving a tri-state area and employing more than 750 full-time staff. In 2010, we discovered $900,000 of unsatisfied payroll taxes. I addressed this situation by removing the senior executive and, taking the helm of the toxic subsidiary. The IRS imputed me personally with $1.3M of civil penalties. In 2010, 1-2- 1 Direct Response was sold to a buyer who I believed would grow the company beyond its current position and maintain current staff levels.
Hawkeye Commercial Property
In 2003, two investors and I purchased commercial property in Florida, to develop commercial condominiums. In 2007,after a successful phase1 launch, the real estate market crashed severely impacting our property value and ability to maintain the asset value required by the lender, ultimately resulting in foreclosure. Discontent among our investment group grew, resulting in a lawsuit. Not wanting to go through a lengthy and costly legal battle, I settled for $1.5M, with no admission of guilt or wrongdoing.
With the above addressed, I would like to take this opportunity to move us forward by sharing a brief introduction to your INCC executive team and their areas of responsibility and our collective accomplishments.
As of today, INCC’s executive team is securing additional capital, performing due diligence for additional acquisition targets and creating opportunities for our innovative technologies and distribution channels.
Executive Team
Steven Jablo, Chief Operating Officer
Steven Jablo has more than 36 years of experience as an executive and consultant. He is an expert in the areas of operational management and talent acquisition. His industry experience includes managing partner positions with Differential Partners and Boyden, both executive recruiting firms serving fortune 500 companies. Jablo is responsible for operational management and strategic leadership, working with industry and market leaders and securing top talent for INCC. Jablo will also be our senior executive responsible for creating our training and certification program for cannabis industry professionals. Jablo holds a Bachelor of Arts in Political Science and Government from the University of Wisconsin.
Dr. Avi Yoskowitz, Chief Real Estate Officer/ Director
Avi Yoskowitz has more than 20 years of experience as the CEO of the Heritage Group of New Jersey and TT Heritage Companies of Florida. He has successfully completed numerous land acquisitions, infrastructure improvements, build outs and conversion projects. He is extremely skilled regarding regulatory and industry process and procedure for commercial property use. Yoskowitz is very valuable to INCC as we search for, negotiate and utilize property for our various product and service offerings. Yoskowitz is also a research and analytics expert and leads INCC’s feasibility analysis and due diligence for real estate investment and business intelligence. Yoskowitz holds a bachelor’s degree in Economics and a Ph.D. from Massachusetts Institute of Technology in Housing Development and Finance,
Drew Newsom, INCC, Vice President of Public and Regulatory Affairs/Director
Drew Newsom has more than 18 years of experience as a public affairs director and consultant. He has worked as a campaign strategist for the U.S. House, U.S. Senate and Gubernatorial races. Newsom has extensive knowledge in public relations, business development, communications, organizational development, strategy, regulatory compliance, survey and market analysis and resource accountability. He has served as executive director of the State of Michigan Republican House caucus, political director of the State of Mississippi Republican Party, Inner Circle director and campaign manager of the National Republican Senatorial Committee and deputy director of the Business and Industry Political Education Committee (managing statewide Supreme Court and Appellate Court races). His primary responsibility is to provide direction for regulatory compliance and establish relationships with key legislative officials and community leaders. Newsom holds a bachelor’s of science degree in Political Science from Mississippi College and a master’s in Political Management from George Washington University. Accomplishments
As of today, our team has accomplished the following against our overarching development strategy.
Second Quarter 2014
• May 5th, 2014 - INCC announced Medical Cannabis Holdings Inc. • May 19th, 2014 - Announced the Intent to Reduce 3 Billion Shares • May 29th, 2014 - Engaged CPA to complete Financial Statements needed to bring its status with OTC markets current • May 29th, 2014 - Engaged contractors to complete branding and website • May 29th, 2014 - Reviewing several potential solutions for removing DTCC chill • June 17th, 2014 - INCC enters into BINDING LOI to purchase GroPro Systems Inc. • June 30th, 2014 - Definitive Acquisition Agreement with GroPro Systems
Third Quarter 2014
Fourth Quarter 2014
• August 7th, 2014 - Executes Binding LOI to Acquire Assets of Vortex • August 12th, 2014 - Announced MCHI To Exhibit at the Boston Freedom Rally • August 15th, 2014 -Steven A, Jablo Joins Medical Cannabis Holdings as Chief Operating Officer • September 2nd, 2014 - Drew Newsom to Vice President of Public and Regulatory Affairs • September 10th, 2014 - June 2014 Financials uploaded to OTC markets • September 13th, 2014 - MCHI exhibited at the Boston Freedom Rally • September 15th, 2014 - INCC engages Auditor as it makes way to Re-List as Fully Reporting Company • September 15th, 2014 - Florida SOS officially amended 3 Billion Share Reduction • September 16th, 2014 - Attorney letter uploaded in regards to Current Otc Status • September 17th, 2014 - C. Mehos and IP counsel are completing the filings of GroPro's patent. • September 17th, 2014 - Attorney meeting making forward progress on CO state license • September 18th, 2014 - OTC compliance review of INCC to qualify as Current • September 19th, 2014 – Current status on OTC markets achieved • September 24th, 2014 – Launched Corporate Branding Website • September 26th, 2014 - Accepted credit facility up to 3 million in private funding (details to be announced after agreed confidentiality period)
• October 10th, 2014 - INCC Engages Special Counsel: Andre L. Ligon, Esq to Remove DTC Chill - update in 30 days • October 2014 - Goal for Chaffee County Grower to submit Completed Attorney Reviewed CO state application • November 2014 - Goal to file GroPro Patent Application Fully Submitted • December 2014 - Goal to have 2 additional definitive GroPro Leases executed and signed (1 currently signed to date) • December 2014 - Goal to have GroPro Sales Team Built and Trained • December 2014 - Goal to Launch B2B GroPro Advertising Campaign
Conclusion
Our company and the cannabis industry are new, but the principles of integrity and experience within the INCC executive team are seasoned. Rest assured our leadership team would leverage their knowledge, skill and experience to develop INCC into a thriving company committed to serving our community of cannabis consumers, investors and one another.
As investors, our contribution to growth is not passive. As I mentioned in my opening remarks, opportunities and challenges will emerge to test us, but ultimately they will provide the catalysts needed to push us on to continuous improvement, transparency and trust within this new industry.
Thank you for your time, investment. I look forward to our ongoing scheduled communications and welcome your questions, comments and suggestions.
NEXT!
Antonio F. Uccello, III
President and Chief Executive Officer
WOW!! Thanks for the Great Post!! and Good Night!!!
shajandr Sunday, 10/12/14 12:36:11 AM
Re: AXE2014 post# 37941
Post # of 37978
Wow, that'd be a neat trick since OTCMarkets.com (1) does not have a "compliance department" and (2) does not audit or even review financials that are posted by the penny scam companies that pay to post on that advertising website.
OTCMarkets.com is simply a paid bulletin board where companies pay to post whatever they submit. It's essentially a paid ad website.
OTC markets does not have a compliance department????
so they do not have to follow any rules or laws when it comes to running an exchange???
http://www.otcmarkets.com/content/doc/otc-market-regulation.pdf
who do you think decides whether or not you receive a skull and cross bones symbol or a stop sign signal or your appropriate exchange symbol???
When Does Caveat Emptor Get Removed?
Generally, OTC Markets Group will remove the Caveat Emptor designation once the company meets the qualifications for OTC Pink Current Information or OTCQB and has displayed that there is no longer a public interest concern, typically no sooner than 30 days. For information on how to qualify for the OTC Pink Current Information marketplace designation, please visit the Upgrade to OTC Pink Current page.
who is deciding inside the OTC markets corporation if the company meets the qualifications for OTC Pink Current Information??????
you are misunderstanding what I am saying completely and trying to twist
im not talking audit, like IRS audit where someone goes line by line with a fine tooth comb and audits you
im talking about auditing your company submissions to the OTC to make sure you follow the requirements to go current
in order to achieve the requirements to go current, you need to follow the OTC requirements - they have their own requirements for this
and the OTC needs to follow the law themselves . . . .
INCC has spent the money and also the time to get themselves current - someone at OTC does a check to make sure that the company is COMPLYING with the OTC requirements - if they COMPLY then the OTC deems them current
the person at OTC that makes sure that INCC is complying - is a compliance examiner (of those requirements)
again - if OTC is gonna show someone on the PINK as current - but they really should be on the greys - then OTC would be breaking their own guidelines - and that would be not good for the OTC
hopefully this helps you understand better
Commissioners approved a license Tuesday for a third medical grow facility, pending the state’s approval, for John Mehos, doing business as Prosperous Valley.
look at the last sentence of the link below
license approved immediately before the MORATORIUM
Prosperous Valley is OWNED by INCC
http://www.themountainmail.com/free_content/article_1cdb117c-2880-11e4-b297-001a4bcf6878.html
INCC Engages Auditor as it Makes Way to Re-List as Fully Reporting Company
http://finance.yahoo.com/news/incc-engages-auditor-makes-way-183000218.html
International Consolidated Companies Announces 3 Billion Shares Officially Retired
The total issued shares are : 1,733,756,425
Free trading: 887,505,203
Restricted: 846,251,222
http://finance.yahoo.com/news/international-consolidated-companies-announces-3-174000278.html
wow - that is really cool!!!
i cant see it but looks like I have to take your word for it - thanks
haha, what cookie wrapper is that? i do not see it
Your Quote "You can turn your quarterlies on the back of a cookie recipe and they accept it!"
Can you show me a company that did this?
Turned their financials on the back of a cookie recipe?
really, you expect me to believe that ?
INCC - on May 29th announced an update with these 3 things
1.Engaged CPA to complete Financial Statements needed to bring it’s status with OTC markets current (within 30 days);
2.Engaged contractors to complete corporate branding / website (expects end of July);
3.Reviewing several potential solutions for removing DTCC chill.
as you can see the first 2 things already have been accomplished
and this last PR was an excellent step in the right direction
to achieve the third item on the list
do you know how many pennys will announce something and not follow up
the INCC board are like lions and tigers, they are relentless at follow up
im excited they found a great attorney to start the process of removing the chill
what an amazing story to be removed from the grey market and now in a quick 5 months we are already starting to remove the DTC CHILL
exciting things ahead imo
show me that one too, I would like to see it, sincerely
again, anyone have any questions about any of the documents that are posted, feel free to ask me, i will do my best to answer so you understand them
of course, it will be my opinion and you should always do your own DD
surkfast, thank you for that but I already know all of this about INCC pasts history from 5 years ago
this is good DD for new investors to go ahead and read everything that surkfast posted
if you have any questions feel free to contact me
I will be happy to answer any questions for you
I am a long investor here which means that I believe that this stock will go up
and I want the stock to go up.
When you receive my answers I am not going to BS you just to buy the stock though just because I want it to go up, you will see that I will give you both sides of the picture
what I will do is translate for you what some of these posts are saying.
if you want to discuss with me how I do my DD, feel free
I will share with you my strategys and the things I look for
im here to help anyone
surkfast, yes
the more proof INCC can deliver
the more believers there will be
MCH Inc is in its beginning stages
so if you think getting the company structured correctly is FLUFF
that is your opinion,
I want to invest in this riskier period of INCC
so when they do announce a license in the State, I already have my position in place
What about it, that has not already been posted here?
What else can someone possibly be concerned about? His entire life has been posted here in the last few weeks.
He filed a CHAPTER 7 in Sept of 2013, it discharged in December 2013.
Do you think he wanted to file?
Would you want to file BK? Have you already? Do you mind sharing your BK publicly with us?
I really do not believe anyone in life wants to file bankruptcy.
In many ways, you guys helped me decide to invest my money here, so I guess in some craZy way I have to thank you.
When you guys first posted all the BK paperwork, it was my nightly reading for a couple weeks.
I dissected it, looked at each case individually.
The more I read about each lawsuit, I was seeing many frivolous law suits.
Which is what happens to people in a high position when they file BK.
Nothing is out of the ordinary here in a classic BK case in my opinion.
Also, if you study it, the BK stemmed from the Recession.
IT looks to me that Antonio fought the good fight to not file, but then someone got really greedy and tried suing him for a crazy amount of money which they knew they would never get
so then there was a settlement that the suing party agreed to
so what is the big deal?
we are talking about a billion dollar industry here
On any company that has a CHILL, there can me a multitude of reasons.
And yes, the CHILL has brought up a concern to many potential investors.
You bring up a good point.
Investors really need to do their own DD and not listen to anyone here.
When I looked at INCC that was one of the things that I noticed, I was not particularly fond of the fact that there was a CHILL.
So I did my own digging and saw how the old company got into disarray and did not survive the recession . . .
All the challenges ended up in the stock going onto the Grey Market and also the Chill
Most of my friends that invest in stocks thought I was crazy to put my money into a skull and cross bones company
Now they have kicked themselves because they missed that first run
Some of them are in now and some of them are still waiting for the CHILL to be removed, to each his own
I know you are asking the question so people sell the stock, but to be honest, I saw the CHILL and realized that it was from the old company and not the new Medical Cannabis Holding Inc.
DrMerlot, yes that is what he meant :)
please no heartattacks my friend
and no ledges either !!!!!
Carlson, there were definitely people losing their patience on Friday, but the deceiving thing here is how quickly INCC moves and how wide the spread is.
First off, the wide spread tells you point blank how there is NO Dilution.
There was almost a 20 tic gap between ASK and BID much of the day on Friday, and the lower the volume is, the wider that gap had spread.
Some people are looking at the low volume and they think that there is no interest here which is not true
New buyers are looking at the spread and saying, if I buy at .0080, I can only get out at .0062, 18 tics less -
so the new investor that does not understand INCC that well, simply does not buy right at that moment,
the volume on Friday was still pretty low, there was no Massive Dump, if the Dump was massive, we would be at .0020
it is just not that easy to get out of this unless you create a big sale for a buyer buy dumping into the bid
in reality, if the ask was hit for 2 million shares, we would be right over a penny, if the ask was hit for another 5 to 6 million shares, we probably would be right back to 2 pennys
it is that thin
this is a stock that you have to understand will have huge wide fluctuations and you will not be dumping millions of shares at one time
in conclusion, it may look like people over-reacted - where in reality, it may have been 1 or 2 people that decided to get out of the stock and they kept hitting the bid to do it .
and what they have done is simply created a FIRE SALE in my opinion
this monday I am loading up an additional position and if more people dump, they will be selling into my bid sit
you can tell me that I drank the kool-aid, but I have a feeling the kool-aid I drank is pretty good . . .