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He will call you back if you leave a message.
There is a risk on any of these pinks.. The difference is that IFCR has huge revenues, 300 employees, 4 subsidiaries, and communication from management. 2 PRs in June to update us and you can call the CEO personally.. He actually calls you back when you leave a message.
This company has been in business for over 40 years. IFCR has a huge potential to make people a ton of money.
1) Audits are coming
2) Acquisition is in the works
3) debt is being settled
4) litigation of subsidiary is a non issue.
There will be no R/S unless all of the above is dealt with.
Old news.... They are working on their audits (90% complete?) and will be compliant within 3-4 weeks.
Thats why I am fully loaded.. Once compliant IFCR will be on fire.
Thinks changes from 2015.. They expected to be at a much better spot with financials current. Then they would have R/S to uplist. Plans change.
I have also confirmed this.
They have this as an option but not planning to execute on it.
I actually loaded up 26M yesterday after getting reassurance.
Through conversation with Fuselier. There are no immediate plans will however eventually R/S after audits to uplist.
They will finish the audits first without Smith and targeting for end of July to become compliant.
He is busy going through the legal issue with Smith..
David is also working on another acquisition
There is no R/S coming.
I agree 100%. I am invested in 5 others however none of them has the potential that IFCR has.
This is a hidden gem and can make a patient person very wealthy.
I absolutely believe that it will run. There are others in the pinks that have $0 revenue, massive debt and many billion A/S that run to the penny.
IFCR is a real company with $24M in revenue four subsidiaries who have huge assets. This is a trucking company with a few setbacks that management is working through. Once audits are completed and news of the new acquisition comes out you will not be able to buy any 1's, 2's, 3's or 4's.
This is a sleeping giant and when she awakes she will fly.. I am not going to be kicking myself when this happens. As soon as I clear some other holdings i will load up some more.
Not likely.
Wow.. The L2 wall at 0.0002 dropped from 402M to 57M. Has news dropped?
Perfect thanks!
I will call him.. Anyone have his number?
I sold my 10M today.. Glad to be out of this one.. No revenues
Maz are you still loading?
Then sell me your 1's because this will go soon as news comes and 2's will be hard to get.
I know that this is very under valued. Even without the Smith subsidiary revenue IFCR should be trading at $0.001 and with Smith revenue should be at $0.003.
Great post.. Thinking of loading up for a run. If they release a PR confirm what you said its going to run.
Even without Smith they are a $15M company. Should be valued at $0.001-$0.002.
It will
When the audit gets releases it will skyrocket.
We need news today.
Still no news!!!
10 Billion is a lot of shares to have available. Im thinking of getting out while I still can. I'm weighing the options.
Its been a strange couple of days.
On L2 the buy volume just dropped to 20M...yikes.. Very little buyers.
There is extremely low volume on the buy. Only 50M and could be back to no bid very quickly.
I don't think there's a lot of momentum here.
I still don't understand why they requested an extra 5 Billion common stock and mentioned R/S 1 to 1000.
If this was requested then they must be planning on it.
I need to adjust my glasses... My bad
Oops.. My bad.. Just did a Google seach on june 27
Integrated Freight Reports Q3 and Becomes Compliant
Year to Date Is $796,000 Over Last Year's Comparable Nine Month Period
DANBURY, CT--(Marketwired - Jun 27, 2015) - Integrated Freight Corporation (OTC PINK: IFCR), a niche motor freight carrier providing transportation and logistics services on key routes throughout the United States, announced the filing of its SEC 10-Q report for the period ended December 31, 2014, its fiscal third quarter.
David N. Fuselier, CEO of Integrated Freight, stated, "During Q3 we incurred a small loss but were able to improve net income $250,000 over last year's comparable period. We anticipated that Q3, which is a shoulder quarter for us, would be a loss or somewhat less profitable than other periods. Pre-holiday shipping and our environmental business are seasonally weaker during Q3." Fuselier continued, "We're not satisfied with any quarter that doesn't deliver net income; we're pleased nonetheless with the ongoing trend of the company's business results."
Financial Summary:
For the quarter ending December 31, 2014 revenue decreased slightly to $4,754,706 from the same period the previous year due largely to reduced fuel surcharges related to lower market diesel fuel prices and somewhat weaker seasonal demand.
Total Operating Expenses were down 7.8% for the quarter thanks to lower fuel and insurance costs as well as other ongoing improvements.
The Company posted 43% quarterly and 93% year-to-date profitability improvements compared to last year.
General and Administrative costs, a key to the Integrated turnaround thus far, remain low and continue to set the tone for future business results improvements.
Year-to-date the Company posted EBITDA of $1,126,000, a 45% increase over the same period last year.
"As anticipated, Q3 was seasonally weak for us as a niche motor carrier," said Hank Hoffman, IFCR president. "Although our third quarter demand is typically somewhat weaker, the ongoing progress being made by the operating subsidiaries related to fuel consumption, safety, and other key cost areas is very satisfactory," said Hank Hoffman, IFCR president. "As we complete our turnaround process and target acquisitions, it's important to recognize the significant ongoing performance contributions of our subsidiary employees. We remain nearly $800,000 ahead of last year because of their efforts."
About Integrated Freight Corporation
Integrated Freight Corporation (OTC PINK: IFCR) provides long-haul, regional and local motor freight service. For its customers, the Company provides dry van and hazardous waste truckload services in well-established traffic lanes in the Upper Midwest, Texas, California and along the Atlantic seaboard. For its shareholders, Integrated Freight acquires operating motor freight companies that build, maintain and deliver shareholder value. The Company's corporate mission is to be the best niche motor carrier in North America.
This press release may contain forward-looking statements, made in reliance upon Section 21D of the Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. The Company's expectations, among other things, are dependent upon economic conditions, continued demand for its products, the availability of raw materials, retention of its key management and operating personnel, its ability to operate its subsidiary companies effectively, need for and availability of more capital as well as other uncontrollable or unknown factors which are more fully disclosed in the Company's 10-Ks and 10-Qs on file with the Securities and Exchange Commission.
We may, from time to time, make additional written and oral forward-looking statements, including statements contained in our filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statements that may be made from time to time by us or on our behalf.
More information for you...
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Only FINRA or the SEC can halt trading in OTCQX, OTCQB and OTC Pink securities. Unlike exchange-listed securities, OTC traded securities are not halted for the dissemination of company news, except in the case of non-U.S. securities, which may be halted for news in conjunction with a halt on the home-country exchange.
What happens when the SEC suspends trading or FINRA halts trading in a security?
When a security is suspended or halted, OTC Markets Group removes all quotes from the system and displays a "Halted/Suspended" message.
SEC suspensions for OTCQX, OTCQB and OTC Pink securities have a duration of 10 business days. After the suspension ends, broker-dealers may re-enter their quotes if they comply with Rule 15c2-11. This rule requires the filing, with FINRA, of a new Form 211 which must include the company’s current financial information.
Do financial statements have to be audited?
Current FINRA rules do not require the financial statements of non-SEC reporting issuers to be audited in order for them to clear a Form 211, but they should be prepared in accordance with GAAP or, for foreign issuers, in accordance with their home country's accounting standards. Audited financials must be available for companies in the OTCQX and OTCQB marketplaces. To qualify for OTC Pink Current Information, companies that do not file with the SEC and do not publish audited financials must provide an Attorney Letter with Respect to Current Information. Audited financials are not required for OTC Pink Limited Information companies. Companies in OTC Pink No Information may not have recent financial information available.
You are making this stuff up... A company can't get delisted for not releasing financials...
From thw OTC website...
Can companies get "delisted" from the OTCQX, OTCQB and OTC Pink marketplaces?
The only way to remove a company from the OTCQX, OTCQB and OTC Pink marketplaces is for all of the broker-dealers to stop quoting it. Companies are required to contact FINRA Operations if their securities no longer exist, but are still being quoted. FINRA will investigate and, if appropriate, eliminate the trading symbol and inform OTC Markets Group that they have done so. OTC Markets Group will then remove the quotations in this security.
Are you trying to get more 1's? Noy going to work.
Take a look at google's parent company.. Alphabet Inc. They have a one page website with no email or phone contact.
Im loading up... Check the L2 its going to run.