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Forgot to mention 2% royalties on sales. I think something is definitely brewing for ECOG.
As I always say, the tape never lies and now we know exactly why the PPS is on the move.
http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&FilingID=7987713&companyid=833994&ppu=%252fdefault.aspx%253fcompanyid%253d833994
We just made revenue of $100,000, that's why PPS is on the move. We can sell or license the patent to whomever needs it, including Correa himself. I think the lawsuits although they took long proved not to mess with public investments
You're actually wrong. Patent is now owned by ECOG and not Correa.
Read the article closely...We're the licensor (ECOG) and INCABLOCK is the licensee. ECOG got paid $100,000 for this license plus conditions and terms with consequences in case they get breached.
We own the patent without Correa along with it apparently.
I would hope so. CW stated on several occasions that the newly added shares i.e. the 1B were not tradable although we never got to know anytihng about the terms of their issuance and to whom.
I was referring to the fact that if the reecnt news was as bad as it sounded then something near the float (~200 Million) should have swapped hands. Heck we didn't even see anything near those couple of 50 million volume days that we had last year. So trading relatively speaking imo is very thin based on this bad news.
We should see some news very shortly I assume
I tried looking up this PSGS device under patents for several weeks and could not come up with anything. My suspicion is that they are at the moment trying to keep it secret from the competition.
Tnx. If it's the case then we're still on track. I guess if someone were to prove it then we wouldn't be trading at these levels.
That's exactly what I was thinking too. There is a reason why the stock shot up to a dime and then retraced right back down.
I am sure I don't if you put it that way.
But then if we were to go with what Dave is telling you, then we should have at least seen few hundred million shares trade on the market.
One thing I know with stocks, the tape never lies
You know that's funny...I was just looking at the last time we traded at a dime prior to last week.
I don't know if it's a coincidence but it was on the eve of the HM3 acquisition announcement
http://finance.yahoo.com/news/Innovative-Health-Sciences-iw-2204930269.html?x=0
There were two other trading days prior to that when the stock traded as high as a quarter
If that's the case then where is OTC Markets getting its SS as reflected on http://www.otcmarkets.com/stock/IHAI/company-info
T/A is usually the first one to find out when there is an increase and the last one whenever there is a reduction.
Based solely on trading and as Rich is trying to say, 1B shares have either been removed already or they have always remained locked away.
Well, I am also looking at the other angle, that of the extensive naked short selling that might have taken place about a year ago which CW referred to in one of his PR's after the first deal to sell the company for .40 a share fell through.
So new certificates are always welcome when performing house cleaning. I think your huntch about something in the works in terms of a new direction is probably not too far off.
I don't mean to burst your buble but right now we have no proof that Carmil is our company. Only thing we know so far is IHAI is holding up pretty well considering the horrible news of having our IHSN10 rejected by MM.
I'd rather be conservative till proven wrong or right.
What we need to know is if these new certificates are for IHAI as a replacement to those of IHSN? The 1B share reduction has already been reflected.
Of course there is another reason, the possibility of shares on behalf of Carmil and its members.
Trading certainly seems to reflect it so far. So can we assume that a confirmation PR would send the PPS to the stratosphere?
Again, our only bet right now is if both CW and MM are still on the same page.
That's the 1 Billion dollar question. How CW and MM are getting along right now after the deal with ISHN10 was scrapped off.
That's what I've been trying to explain. If IHSN10 is a holding of IHAI and if IHSN10 was negotiating the deal, there is no need for IHAI to be involved. Otherwise CW should have just allowed ISHN to go on.
Something's definitely up with this IHAI enchilada
In view of the wide array of application for PSGS and how independent from the source of electric energy, I don't think the concern is how to integrate it and adapt it to a particular source such as hydro, wind, solar, fuel, etc...
The financing is most likely required for other purposes such as marketing, manufacturing, etc.
"The original intention was for Carmil to merge with IHSN10, somebody didn't like the idea and IHSN merged into IHSN10, instead, changes the name and symbol, now Carmil is free to negotiate with IHAI."
I sure would like to see a stock restructure to reflect the 1B retraction, details of how HM3 stock was off-loaded.
Only glimse of remote hope that I have right now is that somehow CW needed to breach his contact with HM3 when Carmil was found. So the IHSN10/IHAI restructuring might simply be a technicality to clean cut HM3 out. Please keep in mind that this is just my own personal speculation without any proof from the master himself i.e. Mr. CW
It looks like we're dancing around the issue...Are you insinuating that IHAI might be negotiating the actual R/M right now?
The only reason I am referring to a possible requirement for shareholders vote to approve R/M is because of the phrase "Delaware reorganization under Section 251 (g) of the DGCL".
Usually, when a corporation resorts to converting its bylaws to holdings with spin-off(s), a vote for a R/M is usually not required as to a regular corporation would be required to present its shareholders with such decision.
So this could mean as you stated CW was afraid to lose the vote due to holdings less than 50%, so he went with the IHAI. There is also another reason but I can't think of it right now.
Let me see if I can explain the exercise of how IHSN has become IHAI.
IHSN spins off IHSN10. IHSN disappears and gets replaced with IHAI with one for one stock swap. IHAI becomes the holding company for IHSN10. Negotiations for a R/M were being conducted between IHSN10 and Carmil and that is dead.
I don't understand why IHAI (in addition of course to IHSN10) would be involved in negotiating the same thing unless there is more than just IHSN10 under IHAI. Clearly MM doesn't want anything to do with IHSN10.
No matter how you dice it, CW has historically and apparently continues to do so in terms of leaving shareholders in total darkness.
IHSN10 was spinned off from the old IHSN. As a result IHAI was created and IHSN10 became one (perhaps there is more than just IHSN10) of its holdings. Supposedly IHSN10 was the entity in which Carmil would have merged. So the Carmil deal is dead and per the other day's PR for DD failure and lack of financing that Carmil was looking for.
Now, I don't fully understand the point of this spin-off/holding/divest BS exercise other than perhaps to circumvent shareholders votes to personally approve the deal, had it of course gone through. I think it's a pure stunt!
CW didn't seem to care as the PR pointed about making corporate financials current. Granted IHSN, or IHAI if you will now, has always been a shell, SS needed to be divulged in official filings at the very least. SS would help in determining a reasonable valuation for the stock and would of course lead to who gets to control the post merger company. A vague PR stating that 1B shares were being retracted by CW was simply not enough. You got to understand that MM has a PSGS at stake and he's not going to give it to CW for free.
Honestly and in my own personal opinion, I think CW's lack of leadership doesn't warrant him to run any company at all, be it pre- or post-merger. I am sure MM was looking for a bargain to take Carmil public but a shell is a shell and the price can easily be narrowed down with the present market conditions.
If indeed the spin-off was just to accommodate the Carmil R/M, then CW really showed his true colors of selfishness. Regardless, I have no respect for CW right now!
I just hope CW proves my above statements about him wrong as the ball right now sits in his camp!!! Has anyone been able to communicate with him so far?
Which MM was doing that?
Here is a perfect example of what might be taking place with this Section 251(g) of the Delaware General Corporation Law.
http://lawprofessors.typepad.com/business_law/2005/11/double_dummy_ac.html
Today's PR raises several questions
If the deal fell through already, why do we only now go to IHAI?
If IHSN10 was divested, then what was the price of its shares?
If IHSN10 is a sub of the holding company, what is the other sub or subs? What was the original breakdown ratio for IHSN10 in IHAI?
Whatever happened to HM3 stockholders while all this started to unfold? Could IHSN10=HM3????
What are you talking about? The 10k is retroactive and has nothing to do with any MCC sales since MCC had just been acquired around that time.
Are you suggesting MCC is worhtless?
Headcount most likely refers to MCC. Do you think Michael and Alex are the ones cutting the meds into tablets?
I think publishing of the 10k's is definitely a move in the right direction and a follow through on the UYMG board to aim for the OTCBB.
After all, it's only taken them a year to start lining up their ducks.
The purchase of MCC from Duchess and at very deep discount was a strategic turning point.
OTC Market uplisting should be reflected shortly.
Actually the latest 10Q is not on there but here it is
http://ih.advfn.com/p.php?pid=nmona&article=47372001
10K's just got filed yesterday...
Read the very last line of the 10k I just posted
Looks like the company is fully reporting now...
All we need is MCC to rack up more sales and pay for itself.
I expect this stock to soar very shortly.
Ask just got pounded...
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=52094
just got filed at
http://www.otcmarkets.com/stock/UYMG/financials
Hold those horses of yours down...That was not meant for you...
That was for the guy who wanted to see the results for Pacific Coast Plaza Investments
Just plug "Pacific Coast Plaza" in http://kepler.sos.ca.gov/cbs.aspx and see how this company has its license suspended right now.
These are the first 3 hits I get
http://www.google.com/url?sa=t&source=web&cd=1&ved=0CBYQFjAA&url=http%3A%2F%2Fwww.adalawsuits.com%2Fimages%2F070327_david_w_3_peters_and_nature_.pdf&ei=mw7dTc-MGMrl0QHKotnYDw&usg=AFQjCNGwTKJZfTWOaooDqA40OHsqQN2ZIg
http://www.google.com/url?sa=t&source=web&cd=2&ved=0CB0QFjAB&url=http%3A%2F%2Fdockets.justia.com%2Fdocket%2Fcalifornia%2Fcasdce%2F3%3A2006cv02543%2F239010%2F&ei=mw7dTc-MGMrl0QHKotnYDw&usg=AFQjCNErN6XjrMWZLAut8BSmuqhaEhAP4A
http://www.google.com/url?sa=t&source=web&cd=3&ved=0CCYQFjAC&url=http%3A%2F%2Fwww.adaabuse.com%2Fimages%2FCross_v._Pacific_-_J._Miller_s_order_dismissing_state_claims.pdf&ei=mw7dTc-MGMrl0QHKotnYDw&usg=AFQjCNHg8lJM0rq7_G9WTtqfSBk9N2nKTg
Hey Scott! I hope to make few bucks on this one...
Keep up te good work.
I have and I was not impressed. I have followed this stock for a little over a year now. Just check my posts from the first few pages of this thread.
I also know that Syd is notorious for misleading investors with vague PR's. FYI, after the last R/S and you can check this yourself by going through 2008 to 2009 filings, the common was reduced all the way down to around 6000 shares!!!
Now, they're back at this cow but this time since the shares are extremely depressed, it looks like they will need a lot more shares.
If I missed something I don't mind being straightened out.
Now, I am not sure if you read my post where "Pacific Coast Plaza, Inc" has its license presently suspended.
My point was that if Syd needs someone to come up with that kind of money in this state, any bank would require a detailed outline of clean and cut business plan about how we are going to get this coal on the market. We need the mining tools, the engineers, the trasnportatoin and finally the margins.
I figured that they would need that many shares and I knew based on current filings what the AS stood at less than 1/2 billion right now unless it's changed since. The chart clearly indicates dilution has been expanded recently.
Now if the deal with LB Tim Ltd Co. has already expired, how else are they going to come up with the financing? I'd keep an eye on any change to the AS since preferred shares can be secretly issued
Regardless conversion is necessary with preferred and that is why I was trying to figure out the impact on the common stock.
I just googled "Pacific Coast plaza investments" company you gave me and all first 3 hits show they're being sued for security fraud.
Is Syd getting GLER involved with gangsters now?