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well we opened at .009,another new high, true it was only 2500 shares but that had to be a market makers decision. then it got driven down to.0071 by 225,600. it was then brought back up to close at .0089. i believe, the market makers on our side, for enrichment, we all have seen the games they are capable of, good and bad. the force is with us, thanking those that bought today, to get us back up there. i cant buy for a couple of weeks, but will when possible, just to average down for the big day, enjoy life, be happy and remember money does not make the world go round , love does. the worst of times are manageable, with someone we love beside us.
ty, i work like everyone, so cant always watch market but try to keep all informed, to the best of my abilities, besides when you have faith, its not only when things are going well, hehe.
just so all know, i have no news unless you do, i just have faith and since i am not a researcher like some ,who i am grateful for, good or bad, i just try to post the good things i do see. like the open today at .0098, this to myself is an indication of things to come. i can always be wrong , sometimes am, but when the good times roll, i scream and shout, we often complain about the bad times, but forget to rejoice the good times, maybe thinking its our due. guess what, we do not control this stock. so when its good i am grateful. may the force be with you. pps, it never hurts to post, people always want more interaction, than when a run starts, everyone is amazed at # of posts. if they saw more positive post in the beginning , we would have more buyers, ok i am done , blessing to all.
well 20,000 went through at .0098, so thats a good start, the force is with us.
since brett rosen owns rb capital, he has taken over company, he intends to turn it around.
today was a good day, new high, more buyers, and did not end on a bad note.
the deal with the noteholder is contingent with closure of deal, which we have not received closure of, yet. when it happens i am sure we will be notified.
the almost 3 mill went to .007 and absolutely nothing, i can not believe it, with a 2 point spread ,nada, market makers up to something, only they can know whats up, the force is here.
something up? another 3 mill .0067, looking good, just dont know whats up.
another 2 mill plus bid on.0066, a good indication of interest, may the force be with us.
2 weeks ago we were at ..0037-.004, not only are we up 100% , we have also set a new 90 day high, at .0085. with no news, there is interest. we have had 2 bids, it may be more, dont know, million share bids, in 2 week period, last one over 2 million, last week. i usually feel good doing my 50,000 shares, but those big ones reaffirm my faith. we are on the right path, the force of the buyers simply reinforces it, life is good, and i am happy, have a good day, hehe.
i believe this will definitely go over .01, within the next couple of weeks i think, with the movement of the pps since the middle of last month. its been a slow steady climb, patience is the key, the force is with us, and there is a million on the bid at .007 today. people are slowly coming back and all are waiting on some news, as there has been no fluff news for awhile, which we appreciate.
nice day of gains, a bid of 1.7 mil at 73, combined with other buyers, moved it to 84, where it settled at .008, for the close. considering some hade bought at 37 and low 4,s, wanting to make a double, it evolved into a good close. people are watching and with the added attraction of no fluff news, interest will become stronger. for myself personally, the next pivot, after we flush out the .008 sellers will be the .01 sellers, afterwards i believe more will be hanging on to ride the wave, enjoy the ride and for the force is with us.
hello all, well i only had enough to grab 40,000 instead of 50, but got it at 49, so i am happy, have a good day today and may the force be with you.
`in my own opinion, it could have been a lot worse, i have seen a million shares used to drive this stock down, in a bad way. he just sat at 75, if the stock goes down i will buy a few more, probably another 50,000, and then will be tapped out for a bit hehe, but if it is below 50, i am happy. may the force be with us.
well there is our first big seller, this could be interesting.
i bought some through think or swim on my schwabb account last week and have buy order in now, no problem
i really enjoy when detached puts out a post, good or bad, its always factual, to the point, and solid. the man does not play, him and warfaretrader, are two posters i always listen to.
it is climbing, like a beast, may the force be with us.
hey war, have you been paying attention to aiad, take alook, and tell me what you think please
i know and we all know there is only one way this can happen, they must know something and are making price higher for when somethimg does happen, it was a similar situation 3 years ago, if you remember and when the news did hit, i believe the price had been rising for a week or so. i remember because i had bought some at 009, the high at that time, and warfaretrader calmed me down saying it would be alright, and i believe a week later i was happy as hell. funny, isnt it, well no complaints here the force is with us.
finally, got my 100,000, paid a little more than expected but its all good, the force is with us. bought at .005, but i am good, personally feel it is a good investment.
a thought just crossed my mind, as it is not showing up on my scan function, could this be moving up on controlled volume, that keeps it off scans, and just blows up. i dont know if that is possible or not any info would be appreciated.. i use think or swim by the way.
this is getting interesting, no news and a steady climb up with no big buyers, or news, i am getting nervous in a positive way, the force is with us.
the good thing is no one wants to sell, thats a pretty good indication of the positive attitude here. the force is with us.
moving on up, the force is with us
well no big sellers so far, been trying to buy 150,000 for last few days ,always on the bottom but no luck, for which i am kinda grateful. will see what happens tomorrow, will probably have to downsize order and buy higher, life can be funny, but it is all good. may the force be with us and enjoy the day.
well looks like the bid is opening higher, good way to stay the day, may the force be with us.
darn, it turned into a good day, how the hell did that happen, hehe, well i will take it, may the force be with us.
hello all, first i am losing money. my choice. now nate did not say early this week, he stated this week which could be up to friday, in addition all the sales have been by traders, it is not dilution, last this is the otc. we are all adults and can sell or buy at our discretion, so you can only blame yourself for your actions,have a good day and may the force be with you.
i certainly appreciate your response, and am glad to hear it. i will be investing here, not much as i dont have much, but do like what i have seen, so far.i do believe you integrate too much on the board, thereby lessening the impact of your statements, and instead coming off as a pumper, more than an owner. thanks again and have a nice weekend.
found this on a board:Open Letter to the Shareholders of ?Independent Film Development
September 22, 2019
From the desk of:
JAKE P. NOCH
Open Letter
to the Shareholders of
Independent Film Development Corp.
OTCMKTS: IFLM
In this open letter to shareholders, I intend to share some of my future plans for the Independent Film Development Corporation (OTCMKTS: IFLM).
Before I get started, I have provided my personal cell phone number in order to forge long-lasting relationships with IFLM shareholders. Many shareholders have taken advantage, and, as part of that process, a question posed by various shareholders was: “Why did you pick OTCMKTS:IFLM and not another company?”
The reason is simple: in IFLM, I saw a company that had a lot of potential. And IFLM, like many other OTC companies, in my opinion, had simply been mismanaged and used for the personal gain of management instead of for the benefit of the IFLM shareholders. The same shareholders –– like you –– who invested, believed, and put their financial trust into a company only to have that trust abused and left holding shares of a company with virtually no liquidity and almost no value. The Webster dictionary describ es value as “a fair return or equivalent in goods, services, or money for something exchanged.” With that as the stepping stone, I can understand how and why some investors were skeptical of my intentions with OTCMKTS: IFLM, but I want to ensure all shareholders that the mismanagement and lack of value will end when I formalize my control through legal process!
I do not expect to receive your trust automatically; I intend to earn it by bringing value for a change to OTCMKTS: IFLM and to set an example of how a company can be brought back from the gates of hell and turned into a company with value, transparency, and liquidity.
At this point, I know what most of you are thinking, and you are probably asking yourself, “Is this whole letter going to be some bullshit that is just making empty promises with no real plan that sounds like a goddam school pep rally that you were forced to go to?” To answer that question: No, it is not.
I strongly disliked school prep rallies that were intended to lead students into mindlessly supporting and cheering on student-athletes for the sole purpose of making people feel good. That is why I am not asking you to support and cheer me on mindlessly. I am asking you to please analyze the following business model and the plan of action I intend to take on behalf of OTCMKTS: IFLM, and then, if you dislike the model or do not see value in it, then I am not asking you to support me but to make your thoughts and voices heard to me.
On the other hand, if you do agree with the model and believe, like I do, that it will bring value to you as a shareholder of OTCMKTS: IFLM, then I am asking you to vote for me to become the Chief Executive Officer and Chairman of the Board during a shareholders’ meeting that I intend to hold in the near future after finalizing the legal process currently pending in Wyoming.
Next, I will lay out my business model for OTCMKTS: IFLM in bullet points that will include actions, as well as the goals of each of those actions, before going into the exact details of each point.
Debt restructuring: To ensure that the company is clear of liabilities and is then able to put assets into the company.
Transparency: To earn shareholders’ trust and to increase shareholder morale/confidence. Frequent weekly, bi-weekly, monthly, and annual shareholder updates are intended to be published in order to keep shareholders informed of the company’s progress, what management is doing, and what stage the company is in its plan of action.
Capital raise: To purchase assets for the company and to utilize them for the restructuring of outstanding debts of the company.
The purchase of debt portfolio(s): To generate revenue by outsourcing the collection of the debt portfolios to debt collectors specializing in debt collection recovery on a contingency basis.
Listings on International qualified on Foreign Exchanges: To increase the liquidity of the company’s common stock and to utilize the potential up-listing on the OTC Markets Group before seeking to do an up-listing on more stable stock exchanges, such as NASDAQ or the New York Stock Exchange.
Dividend and potential stock buyback: A dividend to shareholders of the company to encourage shareholders to invest long term in the company common stock as opposed to only being able to profit from the sale of common stock on the open market or the option of enrolling into a dividend reinvestment plan. A stock buyback would be needed if the company fails to restructure the debt with pre-existing creditors or if the number of outstanding shares is more significant than the 585,900,000 that is publicly-listed as outstanding to lower the float, to increase dividend yield, and to increase the price per share, but in no case will I intend to have a reverse split or dilute the company’s common stock further.
Investment diversification: This is to ensure that the company is not limited to one single type of investment and to create ongoing revenue streams, both short term and long term, to ensure the continuation of increasing revenue for the company, as well as to limit the effect of any detrimental changes to any individual sectors or industries.
As part of my plan, if the company raises $1,000,000 of capital, Independent Film Development Corporation (OTCMKTS: IFLM) could purchase roughly $442,100,461.97 in debt, or, put another way, about $0.0025 for every $1 USD of debt. Out of the $442,100,461.97 of debt, I intend to be able to collect on at least 10% or higher of the total amount of debt in the portfolio to generate $44,210,046.19 USD within a reasonable period of time, which I estimate to be about one year, from the purchase of the debt portfolio(s). With that in mind, I will have my team solicit investor(s) for the purpose of purchasing the debt portfolio(s) by offering those potential investor(s) a priority return on their initial investment. So, for example, for each $1,000,000 USD for a total return of $1,000,000 USD in capital and an additional priority profit for the investor(s) that will not be based on convertible notes but instead on a percentage-based revenue split agreement for a revenue split deal on the collections of the debt portfolios, leaving remaining proceeds estimated to be approximately $42,710,046.19 USD.
To save on initial expenditures, I intend to have Independent Film Development Corporation (OTCMKTS: IFLM) form strategic partnerships with collections firm(s) on a contingency basis, minimizing the company’s capital expenditures, payable on revenue collected by them after $1,500,000 USD is returned to the initial investor(s), then leaving a remaining profit margin for Independent Film Development Corporation (OTCMKTS: IFLM) of approximately $21,355,023.09 USD.
Restructuring debt because I cannot be sure of what the outstanding creditors of independent film development corporation OTCMKTS: IFLM will be willing to do, nor am I able to know the exact number of outstanding shares of common stock at this time. In addition, I believe the current number of outstanding shares of common stock is approximately 585,900,000, but for reassurance (and to kill the argument of the(*** sentence removed for TOS correctives ***) I will play devil’s advocate and will share what my plan would be for the worst-case scenario. That is based on the Company’s last-filed Form 10-Q, which states that as of October 14, 2016, OTCMKTS: IFLM had 585,867,360 shares of common stock outstanding.
https://www.sec.gov/Archives/edgar/data/1425883/000126246316001058/iflm10q.htm.
I hope, by sharing what my plan would be for the worst-case scenario, that it will bring reassurance to the shareholders that might be worried about the very unlikely possibility of there being 6 billion shares of common stock presently and actually held by shareholders –– which I believe would be contrary to what the company’s public filings say with the Securities and Exchange Commission.
However, shareholders still should not have to worry as, even if it was the worst-case scenario, and again, I DO NOT BELIEVE THAT THIS WILL BE THE CASE, but if this implausible possibility occurs, I, Jake P. Noch, still presently intend to bring value to Independent Film Development Corporation, OTCMKTS: IFLM.
So my plan would be as follows if there were 6 billion shares of common stock in issuance currently, or if creditors refused to agree to the restructuring of debt and then converted into shares of common stock: While I do not believe this will happen or has already happened, if it is the case that prior management has wrongfully converted the convertible notes into 6 billion shares of common stock, I will reserve $10,450,000 USD out of the $21,355,023.09 USD (arising from any efforts mentioned above) for a stock buyback on the open market for 5,500,000,000 shares of common stock at $0.0019 for anyone to have the option to sell their shares back to the company for the shares to then be retired, leaving the remaining cash balance of $10,905,023.09 USD and 500,000,000 shares of common stock. Assuming the company has the funds, and a majority of the shares entitled to vote approve, I would then intend to seek approval by the board of directors to issue a special dividend of $2,000,000 USD for the remaining 500,000,000 shares of common stock for each share to receive $0.004 USD, leaving the company with a remaining cash balance of, assuming everything else goes according to plan, $8,905,023.09 USD and a short-term target price per share of $0.03871 USD.
During the delay caused by a party that I shall not name, I have already had my legal team look into the requirements of getting Independent Film Development Corporation OTCMKTS: IFLM listed on other qualified exchanges such as the Bombay Stock Exchange in order to be able to increase liquidity of the company’s common stock and then to help with an up-listing on the OTC Markets before looking into the possibility & requirements of up-listing to NASDAQ or the New York Stock Exchange
Transparency “The primary risks involved in trading over-the-counter (OTC) stocks stem from lack of reliable information” - see investopedia.com. To fix the issue of the lack of transparency, I intend to release frequent news, financials, & updates on what management is doing so that Shareholders of Independent Film Development Corporation (OTCMKTS: IFLM) will never again have to wonder what is going on. Furthermore, I intend to make as much as I am legally allowed public & to cure the Caveat Emptor with the OTC Markets Group & Restore Independent Film Development Corporation (OTCMKTS: IFLM) to Pink Current Information.
Investment diversification “Diversification can be neatly summed up as, “Don’t put all your eggs in one basket.” The idea is that if one investment loses money, the other investments will make up for those losses. Diversification can’t guarantee that your investments won’t suffer if the market drops. But it can improve the chances that you won’t lose money, or that if you do, it won’t be as much as if you weren’t diversified.” - www.investor.gov.
To ensure Independent Film Development Corporation (OTCMKTS: IFLM) has diversifications in its portfolio I want to make clear that I do not plan to limit Independent Film Development Corporation (OTCMKTS: IFLM) to just Debt Portfolio(s) other investment types that I intend to have Independent Film Development Corporation (OTCMKTS: IFLM) take will be activist position(s) in other publicly traded companies as well as smaller position(s) in other publicly traded companies. Other investments I intend for Independent Film Development Corporation (OTCMKTS: IFLM) to enter into include but are not limited to ETFs, Forex, Futures, Bonds, & Private Equity. I believe with this mix of diversification Independent Film Development Corporation (OTCMKTS: IFLM) will be able to generate both short term & long term recurring revenue that once established, I intend to distribute a portion of that revenue as a recurring monthly dividend to shareholders of Independent Film Development Corporation (OTCMKTS: IFLM) common stock.
Corporate governance, If I Jake P. Noch am elected as Chief Executive Officer and Chairman of The Board I intend to appoint competent and experienced directors with varying experience to be on the board alongside me of Independent Film Development Corporation (OTCMKTS: IFLM).
MIKEY501 is ranked a top 10 OTC trader. MY POSTS ARE ALWAYS JUST MY OPINION, regardless whether I include that in my post. I am not a financial adviser. Never buy or sell based on anything I post!
think there is a much more cautious outlook with the way the stock dived, i own a few but will wait to see what happens before investing any further. just seems logical.
i own almost a million shares here, not much to some but a lot to me, bought some more yesterday and today. i am always amazed when i see so many shares on the bid side and then 1/3 less on the ask, and it does not move. yes i know about hidden shares, ten thousand and such, it is just weird to see it. you would think it would move one way or another. may the force be with us,hehe.
to all a happy thanksgiving, wishing everyone a good one
tell me you are not breathing easier, haha, no hiccups and it looks like a good start compared to previous quarterlies. it is a positive thing, that we have learned , not to take for granted, so the force is with us.
trader59, i do not own any shares of song at the moment, was going to buy today, but went too high, too fast. i enjoyed reading your strong balance sheet, and, went to look at your previous posts. while your posts are informative, why are they all negative, irregardless of the stock? i would assume you play the market, i may be wrong, but where i was inclined to listen, after seeing no positive posts, feel as if you are biased, i may be wrong, but am truly curious, as you seem informative but only negatively. ty.
i was wondering the same thing thought market maker signal but doubt it
i talked to otc markets and finra this morning in reference to market makers. while we are pink, until the 15c2-11 review, we will not have as many market makers, as they are taking it upon themselves to handle our stock. once we have passed review, which should occur shortly, we are open to normal market makers, and considered a safe bet, it all takes time and my opinion is if you can get cheapies do so, before market makers take control of price in the future.
well, they got it back quicker than i expected, which just goes to show, the force is with us, hehe.