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no they're given to employees
Not strange, its normal. A lot of companies have ESOPs.
Prove you wrong? Its your statement. Show the proof yourself.
Also there was no news to really go with it. I think there was too much put into the audited report. They basically announce the numbers on May 15th and they basically had the corporate update on June 5th. With the release of the audited numbers there was really nothing more to go along with it. It was really just paperwork that needed to be filed.
There was one piece of information I was interested in seeing and that was the capital structure. They announced in Feb that 60 mill common would be converted to preferred shares and CEO would cancel another 20 mill shares along with that but it looks like it never happened.
Just in case anyone missed it, here was the press release that actually went with the annual update
https://finance.yahoo.com/news/mcig-provides-shareholder-corporate-developments-110000874.html
I think the current quarter financials will be a very eye opening wake up for what the future has in store. After the medical business went down , I think its found its winner.
try this link where they have the actual filings ;). You can get financials going back to 2011
https://www.otcmarkets.com/stock/ICBU/filings
I mistook what you said then when you posted "IT MEANS THAT EXMT IS THE PARENT COMPANY OF ICBU!!!".
ATM never said they were the parent to ICBU. It says they are the parent company to subsidiaries. They've never indicated they are a parent to ICBU and they've never reported ICBU as a subsidiary.
the 1mill anually is in addition to what they already have. I can't wait for there first full quarter numbers with the biotech company to see what type of current business they had. I personally see continued releases for new contracts in the near future. This company now has something it didn't really have before and that's a real viable revenue producing business. It may not be quick but this company has a positive future.
Until someone can provide documented evidence to the otherwise, the future looks good.
Excuse my type-o i meant minerals. Either way the business that's described and everything they've referenced has been around mining.
https://finance.yahoo.com/news/imd-companies-inc-icbu-completes-211500536.html
Seems to be very specific the company is involved in mining.
I wouldn't call EXMT a parent company, they have an investment in ICBU due to the transaction. The received 100mill shares of ICBU for that purchase. But I did purchase EXMT first in order to cash in on the performance of EXMT and performance of ICBU.
Both companies have purchased revenue producing companies. Good things to come for both.
Some of your DD seems off. Yes it is true there is reference to a company called KRSNA Exporters where the owners is tied to both KRSNA Exporters and KRSNA Mining, but that doesn't mean they are the same entity. ICBU has always described the company they purchased as a mining company. If noticed in the most recent article it stated "The company has expanded work on two of its claims to meet demands for this contract with China for Manganese, Iron Ore and Chrome Powder." If you go back to this article, https://finance.yahoo.com/news/imd-companies-inc-icbu-subsidiary-130000824.html. It again states expanding work on its existing claims.
Even without the additional order they were probably going to get an extension of the contract. The original contract was for 100k tons of mag chrome poweder and they only mined 10k in 3 months so far so of course it looks like they need more time to mine. The great thing about a longer contract it's likely then can continue to get increased orders during that time.
Not sure what the relationship between Celebcream and omhe is but OMHE did announce the product and the revenues will appear on their books. The inventor is on the OMHE Scientific Advisory Board. Since The news came out in June we should see the information on the upcoming 10q. Bottom line is that its a product that's a revenue stream for OMHE.
ICBU us operations or KRSNA?
I'm looking at mining revenues only. They did say in the press release that they mined 10k tons already which is 10% of the original contract. That's where i got the 6 mill from and the 5 mill is what the average quarterly revs seemed to be from previous quarters. I guess the big question is whether they are able to book the revenues since it seems it hasn't been delivered yet.
What would you speculate 2nd quarter earnings to be? Assuming they maintain 5mill from current business and 6mill from there big contract, does approx 11mill revenue sound about right for the quarter?
If its not a public company then there is no requirement to post information anywhere. Keep in mind it's also a foreign company so information can be hard to get to. All that is not a mystery. Nothing wrong with doing DD as but setting the correct expectations is also required in doing that DD.
Anyway the moderators or whoever can update the profile of the page to match changes to the company?
the conference calls refereenced below?
http://mciggroup.com/quarterly-conference-call-recordings/
The only weird thing about the 2 years is the fact the original order was supposed to be filled within 6 months but now they have a 2 year time span. I would expect this has to do with there capacity to mine which is not surprising. Also, its not abnormal for contracts to expand multiple years. Alot of what is coming is inline with what they've been saying from the very beginning.
I look at anything that trades on the pink/otc as high risk and good chance I could lose all money invested. One always hopes to find that one that actually breaks out. I just hope this is the one.
gotta keep it in context the original 60 mill contract is 70 mill. They didn't land another 70mill
Company itself is pretty straight forward. The real problem is there isn't a lot of information available for KRSNA Minerals. It was a private company so that's not totally surprising.
For me I believe the purchased a mining company and they have been reporting for the past 3 quarters the results. As of right now there is no reason for me to believe anything is off
The part that confuses me is the balance sheet abit. They say there is 700mill of recoverable assets but the balance sheet doesn't really reflect that. I wonder if that's really what the audit is going to do is properly disclose the true value of the company.
Yeah that's why i always hated technical analysis. I'm more fundamental. Fundamentally i'm okay with the current price until 1st quarter number are released, at that point i'm also going to expect the stock to stabalize in the higher 20's. Might see that sooner pending the number of shares outstanding on the 10k
If i'm reading that correctly they expect to have full audit by end of 3rd quarter but of course the caveat is the audited financials from KRSNA is required.
I guess expectations are different. I'm expecting that discussion when the 10-k is released and they have an investors conference call. The pattern for quarterly information that i've been following for them recently has been approx 1 month after the quarter end. I'm not too much about a press release for 1st quarter till end of August and the beginning of September.
Wouldn't that start with the current quarter though? Since the previous quarter they did have US operations?
Had this stock for over 3 years when the company was basically making nothing to where its revenues in expected to be in the millions current year I expect to be in excess of a couple of a million right now. Their year end 4/30/2017 is pretty much already well known so already built into the price so the 10k doesn't really mean much to me right now. I'm more interested in them having a conference call which I would hope comes with the release of the 10k. What they say there would be very interesting. In general the stigma around m-stocks needs to be removed and institutional investors really need to get in. It would be nice for a fund to be created and this stock gets purchased as part of it. Rumor has it that one was trying to get registered and MCIG name came up as being part of the basket but not sure where that ended up.
KRSNA is a mining company and has always been described as a mining compnay.
for those interested there is a short interview with the CFO on twitter
Well I hope their next reporting shows some good numbers. I also have EXMT as another play since they own a number of shares of ICBU. Looks like they've purchased a couple of businesses for each company that are immediately revenue producing.
as much as I like positive news the repeat of old news doesn't really do too much
They may not give that much detail. If you call better to be as generic and high level as possible.
It's the rainbow imaginary dump that keeps happening that goes along with the unicorn pump
Buy on the imaginary Pumps and sell on imaginary dump
Haha. I still think 100mill shares purchase say at .002 to store in the treasury can buy more when stock can hit .10 a share.
i'm still against the reverse split, only because of supposed gross undervaluation of the stock. If this quarter or next is as big as it should be then they should be able to take some cash and buy back shares to help bump the prices that way. With market val of approx 1.5 mill. its not unreasonable
you can look at the history of financial reporting here, you'll see they always seem to be late.
https://www.otcmarkets.com/stock/ICBU/filings
Company never promised quarterly reporting yesterday. It was expected they would file for an extension . They've do this every quarter as far as I can tell. It seems there pattern is to supply the financials within 2 weeks of inital due date
I'm many years long. Everything about this company has improved. I'm more frustrated with the multi billion dollar companies then this 90mill one. As always companies like these are wait and sees.
I wondered the same thing for awhile. The only thing I can think of is that EXMT owns 100mill shares of ICBU thru the purchase of Hydroponics. Which it has repurchased via ISGP. I did noticed on the last report of ICBU that EXMT only shows 95million shares.