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Who cares at this point, there is nothing going with this company & this stock is a joke.
Unfortunately there is only minute margins in International Voice minutes now. It takes huge revenues to make any meaningful profits, never mind make enough to do any M&A that will be successful.
What I have I been saying for the last months???? Watch out for this guy, he is a fraudster scammer operating with these stocks.
Investigation into this, AXLX & FLTT should be immediate and then an extradition order placed on Vincent Browne by the SEC.
The announcements a few months were just to scam investors!
We have seen this behavior before in other stocks, AXLX in particular.
All promise, but no realization of what is promised. Appalling behavior from the Management of this company.
More than concerning, it's against the requirements of the SEC regarding Filing schedule, just points to the attitude of Vincent Browne, a complete lack of respect for existing stockholders, just to make another scam & defraud investors out of their money.
Nothing going here, this company is just a dormant shell, with no revenues, massive debts, no customers or products.
Oh yeah, wonder if they will file their financials anytime soon. Last filing was nearly a year ago, and not one communication since. The big red warning on this is totally justified. Vincent Browne is just a con-artist, fraudulent scam artist.
And how many times have you forecast this happening? Many.
But still nothing, no action, no press, no communication from AXLX or FLTT. I wonder why?
It sure smells of all round BS.
So Typical of Vincent Browne, complete BS from this fraudster scam artist.
Or is that still waiting!
I'm not guessing that if Vincent Browne is involved it is bad news for ordinary shareholders. Just look at the list of shareholders & investors left holding the bag on AXLX & FLTT.
Fraudulent scamming through
Pump & Dump will be put in place and the long term result is your investment & holding will be worthless.
I hope the ITKH management has fired him before this agreement is executed, as if not it will be the death of the company just like every other company Vincent Browne has touched.
Not true & no.
Vincent Browne has already tried to acquire ITKH and failed. Now he is behind their 'Growth through major acquisition' strategy, which it is a huge laugh, given this company does not have the spare petty cash for additional office supplies never mind acquiring companies.
However this is the type of BS that comes out of Vincent Browne as an attempt to boost stock prices so he can profit at the normal shareholders expense.
Do you want to be ripped off by this fraudulent scam artist?
Why is great news, iTeknik has entered into a material agreement with an unknown company, with no web presence, no history of successful corporate restructuring or positive Merger & Acquisition activity.
If it is Vincent Browne behind Growthcap Investments Inc, you can expect orchestrated Pump & Dump stock promotions on nothing but freshly made up stories and Press Releases promising but based on nothing material and no outcome.
So IMHO anything but good news, in fact a death bell tolls for this company!
A direct route to the trash if Vincent Browne is involved & the fraudulent scams he has run for other stocks that leave burnt earth, recoverable debts and failed operations afterwards.
But I know that a Vincent Browne initiated program, such as those run for FLTT, AXLX & now ITNK is just having the stock pumped on news is just made up, announcements that never convert because there is nothing, and I mean nothing behind them.
So it isn't punters/traders trying to talk up the stock, it is an orchestrated program to pump, with 'investor' interests who them dump and drive the stock price down long term.
Once Vincent Browne has finished with the 'vehicle' for this scamming activity is abandoned and left dormant & the stockholders holding worthless stock.
This fraudulent activity has to be stopped & get him jailed!!
Pure pump, no new news or information here.
Nothing happening with this company in months, yet still the Pump.
Are you Vincent Browne or just paid by Vincent Browne to pump this stock?????
Scam scam scam - pump & dump underway, in a classic Vincent Browne fashion.
What a scamming fraudulent thief.
Do we have a 'Vincent Browne' pump underway - promotion of the stock to raise the share price, so that so called 'Investors' who have been sold stock at a discount, to raise cash, can then dump to make a profit on their 'Investment'?
All it does, in the long term, is dilutes and drives the share price down on false volumes, pumped prices and false hopes.
Any company Vincent Browne has been involved in, where this has been used and ended up worthless & dormant.
BEWARE of the Pump and Dump scam.
The trade was for 35.5M @ 0.0001 so worth $3.5k & is the first volume of this order is a very long time.
Some legacy notes holder finally giving up & just getting rid of them, I think!
Yes, but any company that involves itself with Vincent Browne ends up in the toilet, his has a proven capability of ruining companies just like ITKH.
It is difficult when there is little profits and levels of cashflow, but Pump & Dump scam programs are not the route to go for long term business value. There is no short term quick wins this way.
1)Three profitable quarters in a row $32k total.
This is quite low as a % of overall revenue, ITKH is operating a very low margin industry.
How do they plan on funding the M&A operational activity and the actual Acquisitions themselves, without taking on further debt?
2)$172k long term debt
This is still a significant multiple of their net profit, i.e. It would take years to pay this off using proceeds from normal operations.
How is the debt being serviced currently?
3)No toxic death spiral financing agreement
Yet, but if the guys at Growthcap Investments Inc are getting involved, then this is how they raise the 'investment' which then cripples the business & it's stock.
4)168m float -277m O/S - 500m A/S
5)Share structure hasn't changed in years
6)No 'going concern' statement in its financials
No, but this business is only just keeping its head above water. Unfortunately it looks like they are believing the BS from Vincent & Growthcap Investments Inc on how they can raise funds & undertake Acquisitions. However all Vincent does is mismanage & destroy business value with his schemes and 'Pump and Dump' programs.
7)Generates $milions in yearly revenue- with a $million in positive cash flow
But a very small cash flow and very unlikely to remain if you starting to undertake M&A activities
8)Pending material events per last PR -new products, merger or acquisition.
Typical Vincent Browne style 'Pump & Dump' propaganda, but as with FLTT & AXLX all promise but NOTHING that drives business value, in fact killed both companies.
Now why would ITKH want to associate themselves with this scam artist, whose previously companies were prosecuted of fraud in the courts?
It was finished last year, last communication at the beginning of this year. Gone, lights out.
Don't make me laugh.
FLTT has had no revenue in years, therefore no profits. It has been dark and lifeless for years. The company and the stock is worthless.
You entitled to your opinion, but the combination of empty shells, is just the same, an empty shell, with no revenues, no customers, no products, just debt, which will prevent anything happening with or these companies every again. Just my opinion of course!
That's because there is no-one to do this, there is no interest is doing this renewal, no funds to do so & more importantly there is no need - if you are not doing any business why do you need a License?
Just further evidence that this company is now just an empty shell.
All assets lost, due to business failure caused by gross mismanagement by its Directors.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=GxMpei%252bcW5URsoF2m9EV%252fw%253d%253d&nt7=0
Let's hope so and this agreement with Growthcap Investments Inc does not involve this type of toxic debt funding.
BTW Vincent Browne was still issuing Convertible Notes last year, 2014, so it is still a current practice.
Vincent Browne is one of those, who takes & keeps the cash and lets the stock be diluted at the expense of other stockholders/investors, either in terms of Pump & Dump promotions or a reverse split.
We have to be careful that Growthcap Investment Inc does encourage Fred Wicks, as part of its involvement to adopt this for ITKH in an effort/desire to raise funds through a such scams.
Was in the past tense, Vincent Browne will soon ruin that, just like all the other companies he had dealings with.
I smell BS - there is no scope for any reverse mergers with these stocks. Vincent has finished using them to scam money out of investors and has moved on, leaving them as empty shells with no operations just plenty of investor debt. So why would any other company do anything with them? They should steer clear of them and Vincent Browne.
Haha, such BS.
FLTT shareholders would have to pay $s per share, for this to happen & provide a future for this empty shell POS stock!!!
Such BS
Very typical of a Vincent Browne 'Pump & Dump' promotion!
Spain McQuillan is the Accountancy company, in Dublin, run by John McQuillan & has the former association with AXLX & Vincent Browne.
ITKH has entered into a relationship with Growthcap Investments, Inc. A Delaware company who has been dormant since 2013.
It was listed that a John McQuillan, from Dublin, Ireland is the CFO of this company, but there is no past news, no website or any details about this company. John McQuillan of Spain McQuillan was the Accoutants/CFO for AXLX, which is one of Vincent's companies, along with FLTT.
Go figure who is behind Growthcap Investment Inc and what they are going to do to ITKH!!!
And they are believing the BS from Vincent Browne as well. His past companies have been prosecuted for fraud & every one has failed leaving millions of debts owed.
Complete fraudster & scam artist.
Before the Growthcap Investments, Inc deal?
Your money, if you're happy to lose it.
Or you just deposit directly it in Vincent's bank account!!!!
Complete BS!!
There's not enough cash liquidity in this business to enable that, they are struggling to just keep a positive net margin, never mind perform M&A and the activities involved, which cost & add expenses. More than the $238 of profit last quarter!!
Why, that would add liabilities to ITKH & they are struggling themselves to stay in business.
FLTT isn't going anywhere, it is in the trash!!
Last quarterly filing from ITKH showed a $238 net income for the 3-month period ending March 31, 2015. Two hundred and thirty eight dollars!!
That's on revenues of $1.44m & gross profit of $181,820, so a gross margin of 12.6%, but net margin of 0.017%
Firstly this business is just solvent, but only just & just one unexpected expense could make it insolvent.
Growing this business is virtually impossible, given those margins IMO.
It is just an existence business.
With just $34k of payroll per month not a very big company & no scope to take anyone else on, means no future & no point investing in. Sorry.
STOP sign for AXLX
Matches the one on FLTT's stock.
'dark and defunct' status for both!