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I like this, except you call the first filing a "merger filing" and that's erroneous ... it's a stock purchase filing. I personally believe that they will reverse merge, I'm only saying that the reverse merger has not been done yet.
The other way for them to go public, an IPO, would take on the order of 6 months and 8-10% of whatever they raised (this includes commissions plus fixed costs). BUT .... if you want it done in a hurry, then do it exactly like they're doing it. Pay 5% to previous owner (instead of 7% commission), and then buy up all you can on the open market before the price goes up too much. There's so much $$$ to be made on this deal, but time is of the essence! A delay of 6 months could literally cost billions of $$$$. imo
Read it closely, you'll see there's no insider information.
There is a lot of speculation on the part of the poster.
For example, he says he spoke to the HSE, but says "There'll be...." as if
the guy he spoke to said it. He didn't, because that WOULD be insider info.
He only says the guy was excited about the deal. That's NOT insider info.
So much of what he put down, when not directly attributed to the guy he talked to, was merely his speculating.
Well someone was telling a fib about a 100K AON order at .05.
Now I'm not sayin' they're not related, for they surely are.
Looks like two different legal entities, however.
Some people are willingly ignorant. 70% of a publicly held company is worth more than 100% of a privately held company, because of the massive amounts of capital available for investment in the public arena. I knew a guy used to buy land available for landfills. After he'd acquired a sizeable amount, he'd go public, and his "holdings" would become worth 10X more after the IPO.
I'm saying this is one way to do it. Other legitimate companies have.
The OTC market isn't corrupt, though it is a vehicle within which corruption occurs regularly. It can also be a vehicle to get into the legitimate market when uplisted.
As of Mar 31, 2017, capital surplus of 154M!
What a joke! "Huge dump!" Market's been open 20 minutes and a huge "dump" of 162K shares have been traded.
Because when private assets come into the public domain, where there is infinitely more capital, those producing assets become worth multiples more. Future earnings are figured into today's price. 100% of 2B or 71% of 10B, which is better? Plus, it's easier to raise capital for expansion/development/mergers/acquisitions. But in order to go public, there have to be a certain number of stockholders/a certain % of the company for sale.
Well you did have a 50% chance of getting it right.
Sure looks good to me. Prove it's wrong.
Don't see that the stock market closes early. Normal trading day.
I don't see anywhere holiday hours for today.
Probably the most nothing PR I've ever seen. Doesn't even make any sense...and what does it have to do with bitcoin? Exactly HOW are they "implementing" their "bitcoin strategy?"
The last of the fear showing up.
I've often thought that the way for a publicly traded company to buy another company was with common shares valued at what they figured the price should level out to after the market had accounted for the new company's value, which is exactly what was done here. There won't/can't be dilution, if at all, because ICDLogic was purchased with common shares, not preferred. I just don't see a downside here.
Meaning this is INSANELY CHEAP at these prices!
Okay, that makes sense. Take the average of the two prices (.50), which means they expect their shares to be worth $970,000, give or take. The "subject to adjustment" must mean more (or fewer?) shares if the price is not in that range at that time.
No, they paid 1.94M shares of their common stock (not 1.94M worth of stock). At the present price (.0017), that's $3,298.00. Either ICDLogic has an awfully large amount of debt, or they're REALLY expecting the price to appreciate, like now! Then again, I wonder what that "subject to adjustment" actually means.
____________________________________
On November 30, 2017 iCoreConnect Inc., a Nevada corporation (“Buyer”) acquired substantially all of the assets and business of ICDLogic LLC, a New York limited liability company (“Seller”), in exchange for (i) 1,940,000 shares of Common Stock of Buyer, subject to adjustment, and (ii) the assumption of certain specified debts, liabilities and obligations of Seller, all upon the terms and conditions set forth in an Asset Purchase Agreement dated as of November 30, 2017 between Seller and Buyer (the “Asset Purchase Agreement”).
_________________________________________
And I know of people buying lots and building their homes on them.
I know wealthy men that live in such houses and drive such cars. They live simply and frugally and they leave millions to their kids.
One of the things we know is that each is receiving 25M shares of restricted common stock, meaning they lose if they reverse split.
Feels a little like sitting on a keg of powder. The slightest spark will set this thing off!
I actually like the General Administration costs. If they were scamming the market, they'd be more like 3 or 4 X the amount they are.
Thanks.
I'm curious. Why .026?
Not a single drop of dilution. So refreshing!
That's right! Resistant to storm, water, wind .... and FIRE!
Not just rebuild, but rebuild with the specific desirable building materials that ASCK provides .... resistant to storm, water, wind. Lightweight and quick to build, it's an ideal situation.
Nobody's selling!
$2000 will do it!
Not quite. The 2013 version didn't specify the type of business(es) they were close to acquiring.
Can you say SCREAMING UP?
But close! In fact, I see that $8000 of the $38000 has already been converted into less than 1M shares of common stock. Meaning the remaining $30,000 would take less than 5M more (at the same ratio). So I put 9M, but in reality, it'll cost VTNL lots less to pay that sucker off! (like, 6M, based on your formula).
So NO NOTES DUE until Dec. 30! And beyond that one ($38,000), not until Feb. 28! So we're good as gold! (I mean, AT TODAY'S PRICES, factoring interest and steeeep discount, we're talking, like 9M shares to pay the one due Dec.30. If the price has tripled by then, then we're talking 3M shares to pay off December's note!) How many shares traded today? Oh yeah, over 48M! Thanks for the info. This baby's gonna skyrocket!
Actually, this, like any other ticker, can go down, up, or sideways. I like the fact that its momentum down on no news has slowed considerably, displaying the fact that most are holding what they have, waiting for news.
ROTFLMAO! Not one share!