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The same thing was happening before the name change... they need shares.
Because DOMS had many shares to sold... perhaps someone that was payed in shares ny the company.
Pretty big spread right now, it may bounce to 0.001 and more.
The market cap of a reporting otcbb shell should be of about 500K$, this is trading at 140K$!
Previous Stock Value: Par Value Shares: 10,000,000 Value: $ 0.001 Par Value Shares: 100,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 110,000.00 New Stock Value: Par Value Shares: 100,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 100,000.00
I don't see any reverse split, but only a reduction of the OS from 110M to 100M, plus the name change to the old name.
Some more cheapies for me.
All the reverse merger stocks I've been into have taken a long time to deploy. I'm in DTEK that reverse merged 10 months ago and still no news from the new company (that has been the longest wait).
I think we may have to wait another month here, which could mean a good opportunity to add at these prices. I think it's very difficult this goes a lot lower than now, the market cap is already ridiculous for an epmty shell.
I think that the merger has not been completed at all, otherwise we would have seen a change in director names.
Intermountain Industries was a different company. Moreover Intermountain Technology Ventures is from Utah as well as Kip. I think that this is a very strong possibility (and a very good one too).
Another possibility: the Intermountain Technology Ventures (a venture capital firm) in the funding industry sector; one of the principals (the managing director) is David Bradford. Here's some pictures from him: http://www.uita.org/events/gallery/breakfast0105.htm
David Bradford is a seasoned, high-tech executive with over 20 years of operational and legal experience in the computer industry. As Senior Vice-President and General Counsel of Novell, Inc. for over 14 years Mr. Bradford led Novell from start-up through a series of acquisitions, public offerings and business development activities which led to its place as a multi-billion dollar corporation. More recently, Mr. Bradford has engaged in a series of fund-raising and business development efforts for a variety of companies. He was one of the original investors in Found, Inc. Mr. Bradford’s involvement in the computer industry from the earliest days of the PC led to his being featured on the PBS Special “The History of the Internet.” He has also been a featured spokesman on CNN. His leadership in the field of protecting intellectual property rights gave rise to his being elected Chairman of the Business Software Alliance, the world’s leading trade association for business software companies such as Microsoft, Adobe, Lotus, IBM and Novell. Additionally, he was a founding Board member for the Utah Information Technologies Association (UITA) and the Intermountain Chapter of the American Corporate Counsel Association (ACCA).
In 2001, Mr. Bradford was appointed Chairman of the Advisory Board for Wasatch Ventures, one of the leading VC Funds in the Intermountain West. He also serves on the Board or Advisory Board for the following technology companies: Found, Inc., I-Link Telecommunications, Xlon Technologies, WOW Digital TV, Saffire Development, WebMiles, Pervasive Software, Global Trade Solutions/Readi-Cash, MyComputer.com, and ManyOne Networks. He was recently reappointed by the Governor of the State of Utah to serve as a Trustee of Utah Valley State College.
In 1997, Mr. Bradford was honored as the “Alumnus of the Year” for the J. Reuben Clark Law School of Brigham Young University. Mr. Bradford has a Law Degree from Brigham Young University, a Masters in Business Administration from Pepperdine University, and a B.A. in Political Science from Brigham Young University.
I don't know how to contact Mr. Bradford for a confirmation, but at this point I feel this is a strong possibility, and a good one, too.
Lets hope that something good will come out of this. Hopefully if the RS is not too big...
Anyway if something good is going to happen with this stock then 0.03 would not be such a dream... I mean, a 15M$ market cap is really not much.
PLYCF as a pink shell could be valued 200K$, ie a pps of 0.002: that would be a small bonus.
The number he called is the one for Display Technology not the one from Jeko. We should try to contact Jeko's management.
It means the reverse merger is still not complete, hence they didn't make any public statement still. As I stated before, these are the good times to add.
At this point I think that Display Technologies is the new company and Jeko international was unrelated to the Jeko Chinese Company: Display Tech management is the same as Jeko, the address is the same, plus they didn't change the company name after the buyout.
At 0.0001 the market cap is 28K$... I'd buy every share I can! Remember that an otc reporting shell is valued 500K$ (0.002 with current OS).
If Display Technologies financial numbers are right and they have 6M$ per year revenues, a fair valuation of this stock would conservative be anywhere from 0.06 to 0.6 (a 10x multiplier).
The problem here is that we didn't hear anything, plus many impatients are moving on. With the low float and the lack of volumes, even a 10K sell can drive this down a lot. But of course the opposite may happen with a little buy pressure...
Well, the company address and executive names are the same as Jeko! Wow!
WOW!!!
That means we were wrong linking Jeko Internetional to the Chinese company: DTEK is a US company, and a pretty big one, with more than 40 years of experience with very important clients, and partnered to very important industries in the field!
I think that once this news spread with the float this may fly.
This is what a shell game is all about. I've seen plenty of situations like this and the best thing to do right now is to make money from the impatients, buying at a discount.
But if look carefully, this is the only non related SEC halt, that's a good sign.
So ITRM is not over .25 (but hopefully will be soon lol) and has not an high enough volume, still they added it on the third day METP became ITRM.
The mystery continues...
They brought this down on little trades... it's nice the accumulation going on with this, something could be up and we may know when the accumulation is done.
The OTC is a branch of Nasdaq. The date listed there is the date in which those securities were added to their list. So they think for some reason that ITMR is an otc stock.
They could both sell the shell (so a reverse merger happens, which is good) or use the shell for a spin off or other kind of their business (which is good too).
Apparently http://www.csidata.com/ is a company that gathers and provides market data for a lot of securities (NYSE, AMEX, Nasdaq, LSE, etc. etc., but not Pinks), mutual funds, options, indces, etc.
ITRM was added to the Nasdaq list which contains many but not all of the OTC securities + all the Nasdaq securities.
This either was an error either we are going to uplist.
Perhaps they applied for the OTC (which is a branch of Nasdaq).
That would be huge!
Interesting... I could only find some OTC stocks on that list (for example CLBE) and none of the PINKS I looked for.
There's a date on there for ITRM, 28/08/2007
This is a shell company owned by USEG, a Nasdaq company.
At the current prices it's a good candidate for a RM.
Time to add again.
I got filled some more at 0.03 I love to buy from impatients! That's the only way to make money on this market (and that's the way I lost money at the beginning).
I'd wait to sell at much higher prices than this before saying that this payed off, anyway I'm curiously looking forward to know what the new company is.
If it is indeed this company http://www.intermountainindustries.com/index.htm then we'll be very happy.
Yes it already looks like ITRM on my account.
Looking forward to informations on the new company.
I added some more here... with the low float if a PERTINENT news on the merger does indeed happen this will be flying in dimeland!
Because Benitec has the know-how to use hiv positive cells for a future therapy.
Look at SMXT... it's more or less the same float as METP, and it ran 5900% in just a midsummer day of trading!
Yes it looks great here lately... looks like someone is accumultaing shares, plus we had that symbol change...
One thing we should notice too is that with the grandfather rule ending this october past nake shorted shares must be covered.
This needs some fuel to get past 0.02 (I think that 500$ buys will do it LOL)... anyway I'm looking at 0.5$ in case a reverse merger hit.
Put it this way: at 0.003 this would be a 300K$ shell stock... so it shouldn't get much worser than today