actually conducting DD
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change to bogdanANT requested
Actually, at this point, financials would crater the stock.
They would show:
No revenues.
No real assets.
Big acquisition costs for GroPro.
Accrued expenses
Where is the $$$$ (SHOW FINANCIALS NOW) to build these facilities??
Easy.
Tweets imply that INCC has a reasonable chance of achieving millions in sales in the very near future.
INCC does not presently own any facilities to grow pot or lease facilities to grow pot.
INCC, assuming that it will get the funds to build such facilities, is many, many months away from doing so.
These tweets are bordering on the illegal side.
CEO tweets because he cannot produce financials.
Great, now more people can read about missed deadlines.
Still no financials. Why???
To the contrary, if more shareholders, like me, were more demanding for answers, like I am, and conducted real DD, like I am, we might put enough pressure on this company to live up to its promises, and shoot straight.
Get off Twitter and file the financials.
More cheapies tomorrow!!
It closed not at 0.0014 as I predicted, but at 0.0011.
I stand corrected.
The predicable fate without news, without financials, and with missed deadlines.
Pure Monday morning speculation.
Without real news, heading down fast.
Without news today, this will close at 0.0014
No excuse for delay in financials.
They should be simple to prepare.
No revenue.
No products.
No real assets.
No capital contributions.
Only expenses.
maybe the company will sell you the retired 3 billion shares
DOWN 41%; I stand corrected.
INCC will not grow pot in Florida.
"the bill requires that only those growers who have been in business continuously for 30 years and have inventories of 400,000 or more plants would qualify to compete for the five regional permits. That means only 21 of the hundreds of nurseries in Florida meet those strict requirements, according to the Florida Department of Agriculture.
Growers must work closely with the University of Florida’s agriculture school, obtain a $5 million bond, have the ability to sustain operations for at least two years, conduct employee background checks, prove they can run a secure operation and be able to distribute the product. The dispensing operation must hire a medical doctor to supervise the sale to patients and all employees must be screened."
“It would not be an inexpensive proposition,’’ Bolusky said. “Clearly the Legislature didn’t want everybody jumping in. They want to be able to monitor, regulate and enforce those business operations.”
Read more here: http://www.miamiherald.com/2014/05/08/4106064/potential-florida-pot-crop-prompts.html#storylink=cpy
Down 17%; I stand corrected.
I get the smoke; its a pot stock.
I am trying to figure out the mirrors.
Up 41%; I stand corrected.
'GMTech' $incc$ POTENTIAL HERE IS ABSOLUTELY ENORMOUS $incc$ !!! Shareholders have to 'know what we own' as this stock is 'well worth the wait' !!! jmho
You are correct. Sorry, too much info and DD.
GO INCC...GO, GO, GO.
Thank you for this mindless post!!
Lets review.
1. INCC is shown as inactive in Fla company records
2. INCC misses promised deadline to come current
3. INCC retires shares that never hit the market
4. INCC buys company with no track record
5. INCC CEO declares bk last year
Why should the stock garner any interest??
If my DD is correct, how can a publicly traded company have an inactive status??
Like I said earlier, INCC needs to get the basics straight first.
Really!!!!
Detail by Entity Name
Florida Profit Corporation
INTERNATIONAL CONSOLIDATED COMPANIES, INC.
Filing Information
Document Number
P02000009616
FEI/EIN Number
020555904
Date Filed
01/28/2002
State
FL
Status
INACTIVE
Last Event
ADMIN DISSOLUTION FOR ANNUAL REPORT
Event Date Filed
09/27/2013
Event Effective Date
NONE
Principal Address
8191 TAMIAMI TRAIL
SUITE 104
SARASOTA, FL 34243
Changed: 01/25/2010
Mailing Address
8191 TAMIAMI TRAIL
SUITE 104
SARASOTA, FL 34243
Changed: 01/25/2010
Registered Agent Name & Address
UCCELLO, ANTONIO FIII
1655 LAUREL STREET
SARASOTA, FL 34236
Name Changed: 10/28/2011
Address Changed: 10/28/2011
Officer/Director Detail
Name & Address
Title DIR
UCCELLO, ANTONIO FIII
8191 TAMIAMI TRAIL
SARASOTA, FL 34243
Title DIR
WEISS, LISA R
8191 TAMIAMI TRAIL
SARASOTA, FL 34243
Forget surprises. Execute the basics!!
25% plunge is not a scare tactic; its a reaction to missed deadlines. JOFO.
Smart folks bailing before the KABOOM.
No, mrforny, he said that 3 billion shares were issued into a trust, never actually issued out of that trust and now retired. That means they never hit the market.
That has the net effect of nothing.
I am talking about the 2013 BK.
No. 8:13-bk-12166 (Tampa) Chp 7 filed 09/13/2013
He listed INCC as a defunct company.
some of the MMJ space today;
CANV 10.0500 -1.3500 -11.84%
CBIS 0.0970 +0.0020 +2.11%
EDXC 0.0900 -0.0120 -11.76%
ERBB 0.0282 +0.0002 +0.71%
FSPM 0.9500 -0.0500 -5.00%
GRNH 0.2641 -0.0309 -10.47%
GWP.L 432.0000 -36.8803 -7.45%
GWPRF 7.3500 -0.7500 -9.26%
HEMP 0.0710 -0.0005 -0.70%
HSCC 0.0203 -0.0017 -7.73%
MDBX 17.7500 -0.4500 -2.47%
MJNA 0.2086 +0.0116 +5.89%
MWIP 0.3079 +0.0000 +0.00%
NVLX 0.2130 -0.0275 -11.43%
PHOT 0.1051 -0.0039 -3.58%
RFMK 0.0018 +0.0000 +0.00%
RIGH 0.0006 +0.0000 +0.00%
TRTC 0.5200 -0.0699 -11.85%
XCHC 0.0000 +0.0000 N/A
FACTS are FACTS. You can bash me, but you cannot refute the facts.
What expertise does management have in this space??
cashwallet, you have the wrong company.
its not GoProHydro, its GroPro Systems. big difference
Maybe the reason for the downward trend is people are catching up with the news of Uccello's bk filing and the acquisition of a company that was started on the same day it was acquired.
I cannot find anything on GroPro Systems other than articles of incorporation and an address which is an apartment in St Pete.
No product and no history.
The retired shares sound good, but think about it. They were authorized, but not yet issued shares. Agreeing not to issue them is good, but it did not reduce the shares on the market. If the company had bought back shares, that would be news. Otherwise, its a non event.
This company needs revenue. Plain ans simple. Nothing like that on the horizon.
When that happens, wake me up. I predict that I will sleep for a long, long, time!!
The CEO needs to explain the adversary proceeding against him in bankruptcy court, alleging numerous acts of fraud and deception and the resulting agreed judgment of 1.5MM, which he was not able to discharge in bankruptcy.
I am reading through Uccello's bankruptcy filing from last year.
Interesting stuff.
Here is what I found on the Constantine Mehos quoted in yesterday's PR.
Detail by Entity Name
Florida Profit Corporation
GROPRO SYSTEMS, INC.
Filing Information
Document Number
P14000052554
FEI/EIN Number
NONE
Date Filed
06/17/2014
State
FL
Status
ACTIVE
Effective Date
06/12/2014
Principal Address
465 7TH AVE NORTH
UNIT 502
SAINT PETERSBURG, FL 33701
Mailing Address
465 7TH AVE NORTH
UNIT 502
SAINT PETERSBURG, FL 33701
Registered Agent Name & Address
MEHOS, CONSTANTINE J
465 7TH AVE NORTH
UNIT 502
SAINT PETERSBURG, FL 33701
Officer/Director Detail
Name & Address
Title P
MEHOS, CONSTANTINE J
465 7TH AVE NORTH, UNIT 502
SAINT PETERSBURG, FL 33701
Annual Reports
No Annual Reports Filed
Are you sure that INCC is buying a garden supply store from California??