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This is much larger than just the funding. From today's press release:
INSCOR, Inc. Corporation (PINKSHEETS: IOGA) and Zion Capital Ventures jointly announce that the two companies have entered into an Agreement providing financing needed by INSCOR to fund INSCOR’s Las Vegas-based real estate projects. Under the terms of the Agreement, INSCOR and Zion shall cooperate such that each shall be the recipient of up to $300,000,000 (three hundred million dollars) in proceeds emanating from third-party financing made available to both companies utilizing Zion’s liquidity, yet securitized through both INSCOR’s Las Vegas-based real estate holdings and by investment-grade bonds made available to the lender by Zion. By cooperating with each other in this manner, both INSCOR and Zion obtain access to financing sufficient to bring their slate of current projects to fruition.
About INSCOR, Inc.:
In its core business, INSCOR, Inc. specializes in the creation and implementation of flexible and effective insurance solutions for organizations serving as many as tens of millions of members across the globe. In the U.S., the Company markets its FIT OPEB plan to municipalities and corporations as a low-cost solution to funding retiree and other employee benefits. In addition, INSCOR’s Financed Insurance Trust plan variation also works for affluent individuals, entertainers and professional athletes -- whether for estate planning or funding cash flow needs. INSCOR's strategy uses a combination of favorable financing terms, innovative uses of specific life insurance products and trusts -- all of which result in minimum levels of out-of-pocket costs for producing significant future funding and revenue stream opportunities. More recently, INSCOR has diversified its holdings and activities to include a broader range of non-insurance interests geared to add increased shareholder value.
News on otcmarkets.com:
DRMC Forms CNC and Tooling Division Focused in the Sales and Distribution of New CNC Machines and Tooling
Feb 04, 2015 (eTeligis.com via COMTEX) -- MONTCLAIR, CA, United States, via ETELIGIS INC., 02/04/2015 - - Definitive Rest Mattress Company (OTC Pink: DRMC) (PINKSHEETS: DRMC)
The Company is pleased to announce the formation of a new CNC Division to feature its newly acquired NU Metals Technology business
"Our CNC Division will introduce a new line of machines to the North American market, with a new and exciting working envelope to its Milling Centers, designed and driven by current technology our CNC Division will bring an array of machines and tooling solutions to the Aerospace, Commercial and Industrial markets," says Juan Carlos Murga, the CEO of DRMC.
"Out of the box thinking is critical to all new business plans, and with a clear objective to reach or goal, our group will begin the process of implementing our business format as we diversify".
Nu Metals Technology will focus on growth and value to bring positive investment to the Company and our Shareholders, the new CNC Division is only the beginning of many other divisions to open in the near future.
About D efinitive Rest Mattress Company:
Definitive Rest Mattress Company is an Oklahoma corporation with its headquarters office located in Montclair, California. The Company previously engaged in the manufacturing and sales of mattresses. In 2015, the Company has embarked upon a change of business direction into aerospace and industrial metals. Please visit http://www.definitiverest.com/.
Address on Nu Metals website is 355 North Sheridan Street, Corona, CA,Phone 951-340-2418.
Did anyone post about the updates to the Nu Metals website? A lot of good info there and partnership with Yamasa (www.yamasa.com).
New website up as well.
Will you still feel it is "dangerous" if the assets were sold and the shell remained? It appears another entity is coming in based upon the name change. Will be waiting to see an update to principals of the company.
Found this article about Verecloud posted yesterday:
Westcon Group Corporate Press Releases
Westcon Group acquires Verecloud
http://www.westcongroup.com/public/content.do?m=corpNews&categoryId=1&newsId=2674
Thanks...layout looked different to me. Good to see the update on OTC Markets, hopefully it is a sign that the financials are next.
Isn't the website updated as well?
Interesting how under his profile it shows the chronological order from KeyOn to his current position and states for KeyOn "asset divestiture and orderly wind down". Why would they re-instate and Wittenschlaeger get involved again if he didn't have some plan for this shell. He already is familiar and has ties with the former company...most logical conclusion (IMO)is to roll some of the patents in.
At first this looked like it was going to be a great play. A few days ago on the first high volume day, one trade of over 1.2 million went through, I believe around .05. Minimal talk about it on the boards, new highs and the high volume had the makings of a nice breakout. Now Friday has me rethinking this whole scenario. To me it appears some front loading was going on not only that morning but on the day of the original jump in price. The same group of individuals start posting all over multiple boards and in my opinion push the price higher and sell their positions. I am still holding here and will wait to see what happens Monday. If the price recovers and the group is no longer involved then we might have something here.
Looks like one of the acquired companies in addition to 603 beverage:
http://www.actionsportshub.com
September 28, 2011 The issuance of 80,000,000 restricted shares in accordance to a share exchange
agreement to acquire 100% of Action Sports Hub Inc.
Did anyone post this from the latest Quarterly?
NOTE 9 – OTHER ASSETS The Company issued 13,000,000 restricted shares in connection with an agreement with an investor and media relations group for their services. A prepaid expense has been recorded for the value of the services to be provided. No services had been provided as of March 31, 2012.
No services provided as of March 31, 2012...I don't think they just give away 13 million shares without a plan..well at least I hope not.
Some minor updates to otcmakets.com. Albeit small at least things are moving.
8k filed today...nothing spectacular. Looks like one of the final steps before being purchased by DISYS.
Activated in February, name change today and a low float...am I missing something? Sounds like a combination for a lucrative merger. Trying to find some info on the new company.
Actually two were filed...one ending December 13, 2011 and the other for December 30, 2011.
Anyone take a look at the new website yet? Looks good.
After looking at their previous financials it seems like they file beyond the deadline quite frequently but usually within the extended time frame. Didn't see any huge gaps after the request for the late filings or delinquencies. Guess we'll see tomorrow.
Shouldn't the 10K be out? Looking for some clarity of recent events when it's released.
Update on website, albeit minor.
Spelling is cleaned up on website...looks much better to incoming investors. Looking forward to seeing what comes next.
Looks like the website is being continually updated. Hopefully they review some of the spelling.
According to an IR response the website completion target date was for the end of this week. Hopefully it's done tomorrow or beginning of next week.
Maybe the PR tomorrow? I'm sure the developments in filing and this will be explained soon(excerpt from filing):
On November 21, 2011 Consorteum Holdings Inc. changed its name to game2MOBILE International Corporation.
Seems like that's what it would be and you don't schedule a CC to talk about how bad your numbers are for your new company. Looking forward to see how this plays out.
It wouldn't surprise me if something substantial was released either tomorrow or Wednesday morning. Why else would a conference call be scheduled? Any questions can be answered via the website blog. Is the call scheduled so more questions can be asked? Seems like there is much more to this IMHO.
No one unless the person making the trades will really know what happened and who knows which posters are telling the truth. I'm pretty sure that if a company buys back shares they do it at the bid. In my opinion some of these large blocks going off at the bid may be just that. I think people don't know how to react to the transparency and proper steps being taken. With so many scams nowadays everyone has become so skeptical and jaded(easy to understand). I cannot remember a CEO from a Pink/BB company taking steps like this...somewhat refreshing. I'm a pessimist myself but this is as almost as good as it gets.
The main thing I took from that was monetary compensation, no share issuance. The company has been very methodical with this process and this burst of exposure prior to an announcement would be a good calculation IMO.
Disclaimer from website(I added the bold)
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Read more: http://stockreads.com/smw/9027/Multimedia-Company-with-Phenomenal-Growth-Potential-Must-Read-#ixzz1VoiacM1e
Looks like it's about to start IMO.
So every shell company that does not inform their investors for years should also be classified as a scam?
Also, I don't see any links to a police record...
Noun 1. rap sheet - the daily written record of events (as arrests) in a police station
Some of the info seems strange and possibly outdated. "Mayan Gold" has a link at the bottom of it's webpage for GSML. Still trying to figure this out.
http://www.mayangold.net/index.php
You think this is legit?
http://www.hugeupsidestocks.com/GSML.html
Update on otcmarkets.com:
Business Description
247MGI INC HISTORICAL OPERATIONS
The Company continued in 2008 as it left off in 2007 doing radio interviews, changing the various methods of doing the interviews throughout the year. The radio show was branded under name of ?Smallcap Rapp? which featured a live broadcast and the ability for listeners to interact live with CEO via telephone or a chat module that was on the website. The Company would issue press releases with the names of the Companies being interviewed to alert shareholders of the upcoming interview.
In 2009 the Company continued with the audio interviews, while working on a new hybrid website combining the features of Pinksheets and Investorshub into one site. The goal was to create a site that would allow companies to upload information for free as they do with PinkSheets. This we felt was important to integrate with a social media outlet to allow investors the ability to communicate amongst each other in an open format. We also planned to incorporate a player module into each page, so if the company wished to do an audio or video interview it could be viewed through the same portal. The Company hired a web design company to begin build the site which was going to take awhile and go through several modifications along the way. The Company purchased a set of HD cameras to be used for a live webcast called ?Wallstreet-Review? as with the radio show it would allow direct access to the CEO of the company so investors would have the chance to ask the questions they wanted answered. During 2009 the Company through its subsidiary began acting as a conduit for investors and several companies, the Company would answer calls from investors and update them on the information about the company or help point them to where they could find it on the web.
In 2010 the Company continued as a conduit for investors and companies, while working on the website development with the programmers. The site was far more complicated then first thought as was taking much longer to develop. While the Company was waiting for the beta test of the website it began cultivating a database of companies that could be potential clients for the new website. The Company maintains the database constantly updating the information. Since the Company knew not all clients could pay cash for its services the ability to accept stock as payment would be required. The OTC Market has been affected very hard by rule changes to the industry since May of 2009 and has been very difficult to find a brokerage firm to accept shares in certificate form let alone a sub penny stock. In the late fall of 2010 the Company received an email from the developers to establish the permission of users, moderator and sub moderators for the message board system.
In 2011 the Company continued acting as a conduit for public companies through the end of February since it wanted to focus all its energy on launching its new website. The Company believed in March it had fine tuned the permissions of the various users for its boards as was ready for launch. In March the Company began working on a plan to work hand and hand with the launch of the website to give it further control over its destiny and increase cash flow. This would entail setting up several subsidiary entities which the company has acquired close to 40 plus domain names to help direct market these services. The Company in April reinstated the corporation in the state of Florida. The Company has since paid for and registered with PinkSheets and has begun the process of updating shareholders on the actions of the Company.
This in combined with the recent volume....looks like the answer is here IMHO
Websites are down.
I don't know if anyone posted this but it is directly from the Gilded Lady website. It is only an excerpt and I added the bold type to show the reference. The whole website is at http://gildedladydirect.com/.
Gilded Lady Direct has established an exclusive limited time offer for individuals to purchase their very own pure American gold bars at a 40% discount. These bars are 99.5 percent pure American Gold from the Inter-Mountain West. Gilded Lady Direct’s Parent Company, Bayport Corporation has interests in gold mines in Nevada, Colorado, Utah and Wyoming, and will be actively mining gold again in May, 2011. Gilded Lady Direct has established an exclusive agreement to sell a Limited Edition of 250 solid gold bars immediately and will be shipped beginning June, 1st, 2011. The bars will be produced in 3 denominations; 5 ounce, 10 ounce and 16 ounce pure American Gold bars.