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The asked just dropped.. 2's are thinning
Is it possible the 14C will be to reassign the CFO's shares because of his resignation?
We can both spot the hidden gems. Looking into the DD I have no doubt this one will run hard
I am loaded up and ready for the run..
1's are thinning out.
Hey maz great you see you here.
Its SCT acquired in Feb 2016. Niche scrap metal hauler
https://www.accesswire.com/436377/Integrated-Freight-Acquires-Philadelphia-Operation
I believe he is highly motivated.
Morris Transportation
For the fiscal year ended March 31, 2015, Morris Transportation had revenues of $8,471,821 compared with revenues of $9,501,416 for the fiscal year ended March 31, 2014, a decrease of $1,029,595 or10.8%. This decrease is primarily due to generally weaker demand in the paper markets and intense competition in the driver recruiting and retention markets. As a result, the company experienced several unmanned power units much of the year.
For the fiscal year ended March 31, 2015, Morris Transportation had a net loss of $94,239 compared with a net loss of $241,200 for the fiscal year ended March 31, 2014, a bottom line improvement of $146,961.
Morris Transportation total assets at March 31, 2015, were $1,665,562, as compared to total assets of $2,587,833 as of March 31, 2014, a decrease of $922,271. This decrease is primarily due to the company's ongoing conversion from owned to leased power units.
Smith Systems Transportation
For the fiscal year ended March 31, 2015, Smith Systems Transportation had revenues of $10,498,958 compared with revenues of $10,664,895 for the fiscal year ended March 31, 2014, a decrease of $165,937 or 1.5%. This decrease is primarily due to increased petroleum charges, general improvement in the trucking demand in the Central and Mountain markets of the United States and, specifically, to much stronger demand in the hazardous waste market. Smith was able to service this significant increase in demand by expanding its capacity with both company and independent contractor drivers.
Smith Systems Transportation had a net income of $666,113 for the fiscal year ended March 31, 2015 compared with a net loss of $224,928 for the fiscal year ended March 31, 2014, an improvement of $891,041. This increase is primarily a result of strong demand in the hazardous waste markets to include the expanding hydraulic fracturing water recovery market.
Smith Systems total assets were $2,233,220 at March 31, 2015 as compared to total assets of $1,909,203 at March 31, 2014, an increase of $324,017.
Some info...
On August 2, 2012, in connection with our employment of Mr. Fuselier, our board of directors approved a three-year consulting agreement with Fuselier Consulting LLC renewable for one year, to advise us and to execute on a corporate turnaround strategy. The compensation arrangement gives Fuselier the right to earn up to 13,330,000 shares of our common stock in 2012 and ten million shares thereafter annually through the term of the agreement. Under the terms of the consulting agreement, management of the two currently operating subsidiaries have full decision-making authority and operational control until such time as the personal guaranties by their respective management of their respective equipment financing are eliminated, which we have an obligation to accomplish as quickly as may be reasonable. On May 22, 2014, our Board voted unanimously to terminate the Fuselier Consulting agreement.
We have entered into a five-year employment agreement with Mr. Fuselier, which provides an initial annual base salary of $175,000 with five percent annual increases, as reported on Form 8-K for the event date of August 2, 2012
We have entered into a five-year employment agreement with Mr. Hoffman, which provides an initial annual base salary of $150,000 with five percent annual increases.
Ah.. Thanks
Has anyone called him to see when the PR will be released?
Does anyone have another email for David? I sent an email yesterday to david@integratedfreightinc.com and have not had a response.
I also tried david@fuslierco.com and got a bounce back.
Morning.. Hoping for 3's & 4's today. News should be out today.
It just shows you how strong of a buy this is... When that last PR came out i expected everyone to sell and no bids...
When I took a step back and read the PR again I realized that David was being brutally honest and transparent. There was a confirmation of $24M in revenue and the debt is more than half settled.
The internal litigation between the subsidiary and the company will be delt with.. Not a problem.
The 14C is non issue.. They are not R/S and not adding more shares... Only re distributing shares because the CFO left.
The CFO leaving.. No biggie.. He may have found another job.. Who knows... Who cares thats life and people are always looking.
I agree at 2's its a bargain.. With the A/S and revenue this company should be trading at $0.003 even with the current debt and litigation.... Every company has debt and dealing with some kind of litigation...
Yeah someone spent $24.00 to get the market down. Lol
I just sent David the following email. I will let you know if he replies:
------------------------
Hi David,
I realize that you are extremely busy and probably being bombarded with emails from share holders.
I am a share holder with over 106M shares and very invested for the long term. I appreciate your honesty and transparency with your PR releases.
I would like to l to know when you are planning to release more information and plan to move forward.
I am also interested in knowing; 1)any identified acquisition prospects 2) expected date of audit release. 3) reason for subsidiary legal action.
Any information that you can share would be great.
Thanks
Rob
Waiting on news updates from IFCR before it moves.
No sale from 9:30am- this is what we call a Mexican standoff..
Talking from yesterday.... Its going down
Hey maz good to see you here. Looks like we share the same investment strategy.
No bids for the past week??? Is this dead?
The ask is thinning out at the 2's dropped 27M
The L2 showed at end of day yesterday the ask was 27M. I believe that the rest is a fake wall from the shorts to keep the price down.
Ha. Ha... Fat thumbs... Meant to say soon to be 3 not 30
Today there was close to a half billion on the bid that did not get filled.. People know that IFCR is greatly under valued and a lot of people want in for the ride..
Price of admission is 2's soon to be 30
Lol.. You never know.
Most likely tomorrow.. Dave was not available today.
Yes my limo driver and Butler seem to think so too.
Glad you didn't sell at 1's you have a solid investment at 3..the real share value of IFCR should be close to $0.003
The buys at 1's are very low.. $70.00 and less.
Hopefully you had a chance to load up on some 1's too.
The ask is thinning out..,
This is going to go
Bid=472M ask =327M
Nobody is getting 1's this will run
Because no one is selling 1's
Not me.. Still a bargain at 3
This is very under valued.
Me too I will take all the 1's you have.
I agree this is not an issue.. See how fast he paid off the debt.. Wow..
Fuselier could have covered up the issues and reported fluff... He has over 100M common shares and could have sold them at 3's or higher if he thought IFCR was going to flop... He didn't.. Instead he gave us the truth straight up and will provide us with a strategy to fix it.