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Well one thing we can agree with is that the website sucks and needs to be maintained. I think to be totally honest about the company youd have to admit that its very different from what it was 3
5 years ago. Even 1.5 years ago it wasnt worth much but like all companiea they have changes. The ceo has changed, the vision has changed. That cant be argued. Can more information be put out there, all depends who you ask. Some people are okay with the information, others want more. For me the company looks good and worth the risk. Anyone investing in any stock should be prepared to lose but the stock should not be impacted by people trying to make a company look bad because of some type of vendetta. 1 year ago this company had 0 revs and now have looking at potentially 20mill for 2017. Dont think its a pos anymore.
Its your quote. Own it
Everyone knows quarterlies are not audited. That's common practice for all companies even fortune 500. Audits come in on the annuals unless they are exempted. This company has yet to go that route (which is fully disclosed), but they still follow regulatory procedure to keep their status current.
Bottom line they are current with the eyes of the regulators based on the rules that have been set forth. If you disagree with that then you need to go talk to them and let them know any financials that are not audited are fake and scams. Good luck in reporting Google.
If you only want to invest in companies who audit their quarterlies, good luck with finding one. Whenever you do find that let us know what company that is.
15mill revenues. Not income
Refer to post 33260, I guess the financials for GOPH aren't real based on that definition
AUDITED? CERTIFIED? NOPE! NOPE! NOT REAL! SORRY!!!
You sure this what you want to go with? This quote can be applied to all companies
15 mill in revenues thru 3 quarters (9 months) shown here:
1st quarter ending Mar 31 - Revenues $5,769,612
https://www.otcmarkets.com/financialReportViewer?symbol=ICBU&id=172766
2nd quarter ending June 30 - Revenues $4,616,013
https://www.otcmarkets.com/financialReportViewer?symbol=ICBU&id=182122
3rd quarter ending Sept 30 - Revenues $5,384,615
https://www.otcmarkets.com/financialReportViewer?symbol=ICBU&id=182222
Total: $15,770,240
All links are provided. Gross Profit and Net Income line items can be added up.
One link was provided in POST:33224. I only provided the rest of the information to back up the press release which clearly states "through the Third Quarter".
Not sure what more is needed here.
What 15 mill is he talking about?
Post 29052. Interesting read on this stock
Hmmm. Best i could probably do is give a range. Not much history to go off of. Looks like 4th quarter of last year they reported around 7mill but they've been more around the the 5 mill range this year. Based on the last press release , it states the operations has expanded so I would be mildly disappointed if we saw something lower then 7mill since that approximately the benchmark set from last year. I would be pleasantly surprised if we saw something in excess of 10mill. If i had to give a range it would be 6-9mill.
You referring to the 15mill year to daye revenues? Umm you need to supply the 1st,2nd, and 3rd quarter fins.
He forgets krsna is a subsidiary. They report the financials of the subsidiary and general business news and thats pretty much it.
Not when he had been posting for 3 years. Im not gonna let it go. They will pay
Sucks to have someone impact the stock like this bit I'm sure it'll all come back. Interesting how he posts all those press releases as rick wilson lies that go back to 2014 but you dont see ricks name on them and why? Well he wasn't ceo of course. Like i posted before, his first pr was in aug of last year and everthing he posted seemed to be on track. In regards to full disclosure? Each quarter there is a full disclosure document that accompanies the financials and discloses the full history of the shares. Not sure how much more would be disclosed in an audit. Just gonna wait and let whatever happens happen. Dont forget you do have avenues to take action yourself to help protect your investment.
So you can tell them how you been misrepresenting the financials?
Man super demand. Something on the horizon maybe?
Where exactly did you get that?
They seemed pretty transparent to me.
That explains your incorrect percentage. First they disclose the rates. Somewhere around 8%. The accrued interest expense is an accumulation over longer period of time. Actual quarterly accrual is around 10k.
Just wanted see how you got such an incorrect number since 19% is no where indicated in the fins
19% . This gonna be good. How did you get that?
Evidently its worth the time because here you are. Long term debt to asset ratio is .06. Doesn't seem so toxic to me. 27mill in assets. Not sure what your reading
Just shows how your making blanket statements with nothing to back it up.
well this says alot
Very interesting to have someone follow a so called "scam" stock so closely. Seems like some people watch the trades more then actually investors.
You care to provide evidence of a lie under the current ceo?
Anyone know if the suspension of Ugopherservices has been lifted?
https://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=12377582
Where are the revenues going to come from now?
really?What poster here has lost everything? I'd like to hear their story
I can understand that, makes a bit more sense. Seems the new CEO seems to be a bit more measured in what he does.
The ICBU turnaround
After being dormant for 1 year and behind on 1 years worth of filings it woke up with the below press release
8/29/2016
https://www.otcmarkets.com/stock/ICBU/news/IMD-Companies--Inc---ICBU--Gives-Corporate-Update-and-Becomes-Current-with-all-its-Financial-Filings?id=139360&b=y
This was the first press release for Rick Wilson as the CEO and the new direction of the company to become a holding company in the mining sector. Based on filings it looks like he officially too control from Larry Robertson sometime in 4th quarter of 2016.
10/11/2016
ICBU announces acquisition of company and plans to become full QB fully reporting company
https://www.otcmarkets.com/stock/ICBU/news/iMD-Companies--Inc---ICBU--Completes-Negotiation-of-Acquisition-of-100-Million-Dollar-Revenue-Producing-Asset-into-the-Company?id=142241&b=y
12/21/2016
ICBU announces name of company purchased. Also again talks about plans to be fully reporting company
https://www.otcmarkets.com/stock/ICBU/news/IMD-Companies--Inc---ICBU--Completes-Acquisition-of-KRSNA-MINERALS--a-Manganese-and-Iron-Ore-Producing-Mine-with-Recoverable-Assets-of-Approximately-700-Million-Dollars?id=147543&b=y
1/4/2017
Company announces hiring of BF BOrgers as accounting firm. (surprised the audit didn't happen at this time. I can only guess wanting 1 full year of revenues for the audit)
https://www.otcmarkets.com/stock/ICBU/news/iMD-Companies--Inc---ICBU--Retains-BF-Borgers-CPA-Firm-to-Become-a-Fully-Reporting-SEC-Company?id=147978&b=y
Additional press releases include big contract for KRSNA which provides stability in revenues over the next 2 years and constant reminder the company plans to become full reporting. My guess and hope is that this will happen with the 2017 annual report. Nothing is guaranteed but this is the best opportunity they've had to become full reporting since 2014 when Larry and Rick took over. Makes more sense to become full reporting with millions in revenues versus 0..
Everyone should review for themselves in order to make a decision on this company.
But your here everyday , multiple times a day.
There has to be a balance between day traders and holders. It's common for stocks to have a normal trading volumn and spiked volumn for good or bad news.
This stock is like cake.. oooohhhhhh sssoooo saaaaaahhhwwwwweeeettttt. Lol
Anyone here complaining about the inability to sell their shares? I dont think this stock would be considered illiquid. Most people bought shares in batches, i'm sure they would sell the same way when they are ready.
$ICBU is a head scratcher here. Should be trading higher i think but some baggage it needs to overcome. Too many failures in the MJ realm but it's refocus in the mining looks to be the winner.
Couple of things I noticed about their history. Larry Robertson was the CEO and looked to be the mastermind around the failed businesses. By the end 2016 it looks like Rick Wilson took over the helm based on the companies filings and things seem to be operating very differently.
The turn around started with this press release. This was basically the announcement that they were moving to mining
https://www.otcmarkets.com/stock/ICBU/news/IMD-Companies--Inc---ICBU--Gives-Corporate-Update-and-Becomes-Current-with-all-its-Financial-Filings?id=139360&b=y
Soon after that they announced negotiations for a 100mill revenue producing asset which turned out to be a mining company. Going back thru their filings since mid 2014, this is the first time they've reported revenues in the millions. The biggest difference I've seen with the new CEO is a revenu e generating purchase and multiple times have stated working on getting audited financials with the goal of uplisting.
The play here I believe is for uplisting. If it happens it'll be around early next year is my guess. It's a bet but one that could potentially pay off.
If anyone looks to make this play, i suggest looking at the history and notice the changes.
If i'm incorrect then the financials are a lie since thats where i got the info from. It'll be interesting to see 4th quarter numbers. The one thing that's for sure, new shares will be issued
Interesting since the artclies of incorporation from 2008 doesn't show his name
https://www.otcmarkets.com/financialReportViewer?symbol=ICBU&id=41522
neither does the disclosure statement from 2010
https://www.otcmarkets.com/financialReportViewer?symbol=ICBU&id=42225
Rick doesn't appear until 2014. How was he tied to this company 8 years ago?
Fyi, the ibox was hijacked. Its a shame what some people would do. That needs to be reported to an entity outside of ihub if you know what i mean
Did you know the reverse splits happened well before the company was purchased by current management? Did you know current ceo has no history of reverse splits? Wouldve been nice for you to point that out
Rick still wasnt the ceo at the time. Documents still show it was larry robertson. Not sure why you act like he doeant exist