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And the question still is: MWTS status. eom
Oops. Speaking of 10Qs. NT 10Q just filed. eom
Future 10Q's required for answers
You are correct Paul
As a reporting company they are probably not going to put out an interim PR......unless it's great news....about how the payments were funded (shares sold privately) relating to EPEC.
The June payments should be revealed in the 2Qtr 10Q , but the JUly payments , or debacle, will not be covered until the 3Qtr 10Q.....
.....which could be a long time from now.
The company has been pretty late with it's 10Q fillings.....but a couple delays were due to end of Qtr snags the accounts had to digest for proper disclosure.
Somewhere within the EPEC intentions to acquire time frame the third party funding has either hit a snag or one of the previous investors needs to cash out previously funded shares OR one of the earlier acquired "partnership" companies has needed to unload shares that were tendered for their deals and the stock just can't support the selling.
I have known some of the investors for a long time and we have some good people trying to seriously make ICOR successful...but....money is money and someone needs their money back for a while.
I haven't communicated with them in a while and I'm leaving it alone for now.
I've seen these guys do some great financial work in the past so I have the faith that they'll contain anything truly serious........
However.......the stock is getting truly serious........
The problem with fully reporting companies is management and others just clam completely up and information about what's really happening is hard to get. I just don't know.........for now.
Bid now .0072/,0085 with 100 vs 870 ratio. Ugh
Heavy SELL ratio on the Bid/Ask....and actual.
Still Heavy Sell ratio to Buys. eom
Unless............
Unless the problematic loss of revenue from the My Horizon stream can be fixed with Sunbean.....
And unless the tampon applicator proves successful.......
And unless HeptoChem can get some revenue going...........
And unless Skinnez starts generating "profits"..........
And unless Epec fuels signs up some strong future "profit" producing revenue........We're headed for the triple Zeroes.
It seems that "someone" needs a lot of "cashing" out.......at any price............
Since so many shares were used for acquisitions..........
And so many shares were "sold" to third party investors for funding the company over the last two years..........
If those parties need money.........the selling in not going to ease up.
Expect management to authorize the 750MM max shares as "Issued"....
More dilution..........
When we're down to .0001 and one can by 10 million shares for a thousand bucks........then maybe it's worth the chance to do a double when we rocket up to .0002 on some rumor or "news" .....
That's how the triple zeroes are played.
jmho
Been there.......done that.
Question still is: REVh2o MWTS performance status.
What happened to the no-later than "mid" July machine "upgrade" results?
You all are welcome. I'm on your side.
BTW, this new Frank-Dodd requirement for an "opinion letter" in the last couple years is a real pain..........and a bonanza for the lawyers.
A restricted share holder has to pay at least $200-$350 for a lawyer to review all your submitted paper work regarding the "acquiring" of the restricted shares and forms stating one's "affiliation" or non-affiliate status relative to the company which then gets sent to the transfer agent, for the company, and unrestricted shares are then physically returned or you can have the shares "deposited" electronically at the transfer agent and DWAC (Deposit&Withdrawl At Custodian) conveyed to a broker who will accept them..................ugh......what a process.
One thing noticed in many SEC EDGAR filings is a non-affiliate third party investor will "buy" shares from the company which funds many "development stage" companies until revenue begins; which allows the non-affiliate to sell those shares after the 144 holding periods without having to file that selling intent with the SEC..........which is what caused much of the selling last week at XXXX.
The company or that non-affiliate investor mentioned in several of the funding tranch/share buying statements needed to cash out some shares.
I think the heavy selling is over ................
GLTA
Uh....what are we watching? Another pump? eom
Hopefully, that wasn't Smart Money selling 1MM at 10:07
For BPAC...at least 6 months..Reporting company
Note: Affiliate holder vs non-affiliate(non mgt/control)
Control securities are those held by an affiliate of the issuing company. An affiliate is a person, such as a director or large shareholder, in a relationship of control with the issuer. Control means the power to direct the management and policies of the company in question, whether through the ownership of voting securities, by contract, or otherwise. If you buy securities from a controlling person or "affiliate," you take restricted securities, even if they were not restricted in the affiliate's hands.
If you acquire restricted securities, you almost always will receive a certificate stamped with a "restricted" legend. The legend indicates that the securities may not be resold in the marketplace unless they are registered with the SEC or are exempt from the registration requirements. The certificates of control securities are usually not stamped with a legend.
What Are the Conditions of Rule 144?
If you want to sell your restricted or control securities to the public, you can follow the applicable conditions set forth in Rule 144. The rule is not the exclusive means for selling restricted or control securities, but provides a "safe harbor" exemption to sellers. The rule's five conditions are summarized below:
Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year. The relevant holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But the resale of an affiliate's shares is subject to the other conditions of the rule.
Additional securities purchased from the issuer do not affect the holding period of previously purchased securities of the same class. If you purchased restricted securities from another non-affiliate, you can tack on that non-affiliate's holding period to your holding period. For gifts made by an affiliate, the holding period begins when the affiliate acquired the securities and not on the date of the gift. In the case of a stock option, such as one an employee receives, the holding period begins as of the date the option is exercised and not the date it is granted.
Adequate Current Information. There must be adequate current information about the issuer of the securities before the sale can be made. This generally means that the issuer has complied with the periodic reporting requirements of the Exchange Act.
Trading Volume Formula. If you are an affiliate, the number of equity securities you may sell during any three-month period cannot exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange or quoted on Nasdaq, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing a notice of sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.
Ordinary Brokerage Transactions. If you are an affiliate, the sales must be handled in all respects as routine trading transactions, and brokers may not receive more than a normal commission. Neither the seller nor the broker can solicit orders to buy the securities.
Filing a Notice of Proposed Sale With the SEC. If you are an affiliate, you must file a notice with the SEC on Form 144 if the sale involves more than 5,000 shares or the aggregate dollar amount is greater than $50,000 in any three-month period. The sale must take place within three months of filing the Form and, if the securities have not been sold, you must file an amended notice.
If I Am Not an Affiliate of the Issuer, What Conditions of Rule 144 Must I Comply With?
If you are not (and have not been for at least three months) an affiliate of the company issuing the securities and have held the restricted securities for at least one year, you can sell the securities without regard to the above conditions. If the issuer of the securities is subject to the Exchange Act reporting requirements and you have held the securities for at least six months but less than one year, you may sell the securities as long as you satisfy the current public information condition.
Can the Securities Be Sold Publicly If the Conditions of Rule 144 Have Been Met?
Even if you have met the conditions of Rule 144, you can't sell your restricted securities to the public until you've gotten the legend removed from the certificate. Only a transfer agent can remove a restrictive legend. But the transfer agent won't remove the legend unless you've obtained the consent of the issuer—usually in the form of an opinion letter from the issuer's counsel—that the restricted legend can be removed. Unless this happens, the transfer agent doesn't have the authority to remove the legend and execute the trade in the marketplace.
To begin the process, an investor should contact the company that issued the securities, or the transfer agent of the company's securities, to ask about the procedures for removing a legend. Since removing the legend can be a complicated process, if you're considering buying or selling a restricted security, it would be wise for you to consult an attorney who specializes in securities law.
What If a Dispute Arises Over Whether I Can Remove the Legend?
If a dispute arises about whether a restricted legend can be removed, the SEC will not intervene. The removal of a legend is a matter solely in the discretion of the issuer of the securities. State law, not federal law, covers disputes about the removal of legends. Thus, the SEC will not take action in any decision or dispute about removing a restrictive legend.
http://www.sec.gov/investor/pubs/rule144.htm
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Modified: 8/06/2008
Have the MWTS met the new performance criteria.
The stock price says no.
Were not results promised by "mid July"?
Absolutely no news.......anywhere.
I agree doc, but.................
If a base gets built around .02 here then a better group of momo guys could make this thing run like it should have the first time.
I also think Intercore Energy has some reasonable fundamentals that can backup a better stock price........after another Zoom-Boom-and Doom run.........if we get one.
jmho
I'd say that "completes" the 60,500 trade....dollar wise.
What brokers allow shorting of ICOR? eom
I've been saying Buy The Dips......
But this got ridiculous
Oh, the "in crowd" is loading up now.
Which is good.
No problem. No more porridge.
For sure. Poorly executed....or funded.eom
Yup, I agree......for both companies.
Emails and rumors.
Well...I'm not sure about how Mr Ponds email response of May 13th has really played out.
And no, I have no specific rumors.......just assumptions... from my knowledge of peripheral interested investors.
What I have said is: I was given a specific "recommendation", and it was not in favor of BPAC.
However, from the failure of the Pump n Dump today on company XXXX, the only thing that will revive either company is specific net revenue and growing their various holding out of the "development" stage to steady P/E quantifiable revenue.
BTW, I had no fore knowledge of today's promo activities until I logged onto Ihub last night at 10 PM and saw all the public penny stock blogs.
I do have faith that several of my assumptions are valid and will eventually occur........even though today was pretty disappointing and lame.
Til then.
And that's not all...............eom
Correct. Accumulate .........eom
Titans: It's simply the Brother-in-law effect.
When BPAC first did it's EDGAR filing for the Ponds acquisition "initiation", I inquired of the secretary to the mechanic of the driver of the brother-in-law of a third party PE investor for the "other" company.......because I was interested in the "trading" potential of BPAC..........just like you guys.
THAT person said: "I would not recommend investing in BPAC. Stick with XXXX..........which is all I have been trying to say......because I trust the non management knowledge of that third party to a third party to a third party's information. Capice?
I personally would rather see you folks trade and invest in XXXX because I honestly felt it was the better arena for ALL of us.
It's that simple.
Make that "shareholder" only. eom
Investor only. Third party investors. How about you?
Maybe.........but I doubt it. The Knower eom
Reread post 3374
Action Monday at the Harry Ponds companies.
Check out the multitude of coordinated penny stock blogs on the Monday promos .
This stock has solid fundementals and more to come.
It should not be considered just a momo.....but I'll take the momo if it gets generated.
So...instead of pumpin and dumpin one might trade ICOR for a while or stick with it for the revenue growth......which is on it's way.
Good potential. More coming.
Been here..................
Stayin.......for the Tradin.
Good move. Buy the dips. Revenue to follow. eom
kkpennies. Are you deleting my posts? who then?
If we can get EPEC commercialized.......
Ya, I think EPEC has nice potential.....and the niche is growing..
with the failing of corn based ethanol.
The company may also be looking at a couple of energy plays that some fellow investors have been PE funding and management is aware of...........but I don't know for sure.
One company garnered some great service contracts in the gas fracking arena recently.....but they have to modify some new equipment to meet customer criteria.......results won't be known for another week.
ICOR management is well aware........and might be entertaining a position.........but I don't know for sure.
Another private equity funded company ICOR is aware of has gotten great interest in it's mobile bio/gasification turbine generators.
I think ICOR is looking at positions there also.......but I don't know for sure. Ha.
We also find out the status of the tampon applicator field trial results and such in July also........hopefully. That product could actually be a real sleeper.....unless we spin it off.
Skineez is supposed to be profit positive in the third quarter.
We only need a couple of these holdings to commercialize big.....
and ICOR will be P/E positive.......and moving the stock.
And on and on.
EPEC fuels signs supply partner
I believe this was the news flag the other day on ICOR.
If one goes to EPEC website, there is a nice article on the sorgum supply chain partnership agreement.
James Groelinger, who is on the board at EPEC, states this agreement leads to the next step; commercialization of the EPEC business plan (revenue).........which is what ICOR and it's acquisitions really need now.....revenue......and the stock will start to move.
I can think of two companies on the radar.
I guess the news flags were for the ID change.
With Mr. Groenlinger's statement about three areas of present company interest, sources, efficiency, and recovery; I can think of two companies that might be acquisition/equity position candidates........presently being PE funded by outside but associated investors.
We should be buying the dips...........
I noticed the Ask went to .30 for the close. We'll see.
Some solid PRs will get us rolling again..........I trust.
News flags after hours. Can't find.
Well, I was kinda close with ITCR on May 22nd. eom
Check post# 198 & referenced 8k.
I also threw out a couple stock symbols a few posts later for fun.
Rumor is: around June 28th
Actually I hope that happens. Careful though.