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MMs are playing us like fiddles
Every time they see some slight leap frogging of the Bid such as
.014 to .0142.......they buy 10,000 flimsy shares at the Ask and raise the Ask.
The Bid did do some leap frogging today but there was always only 10,000 showing available..........but they could be hiding their book also.
They kept execution just out of reach.
I don't know how high up the true Retail sellers are........which is good. No one really wants to sell........... and this thing is so thin it is really going to go for the first few days of good news.
I think Sweet Crude may be really close on his .10 cent call.
.05-.10 on any solid revenue news. jmho
Good catch. It's good to see this.
This particular 10Q and quarter was demanding in an accounting sense because of the SRG merger and shuffling of former HLBC/ICOR assets.
Several of the transactions revolving around the conversion of the Prefered As & Bs and divesting of previously held assets resulted in Additional Paid In Capital which means shares were traded for funding........the money stayed in the company..... or with certain shareholders and principals..........which is a good thing.
I believe a lot of the accounting "losses" will be used to protect future income ..........another good thing............
I don't think the RS will hurt us.
I do agree the board must have studied and reviewed it at length for it to take this long to "reconfirm" it.
Hopefully, some real smart money convinced them the company could support a stock jump up into the multiple dollars range........but, I say they need to keep hitting the good news PR button to keep supporting those "dollars" prices.
Somebodies not happy this morning.
Looks like someone wants to sell 100,000..........
and they took a penny for 30,000 of it.
Hopefully, they are not the smart money.
Pre14C Revised- for us three posters here.
Filed Oct 25th...................
Confirms name change to InterCore Inc.
Confirms 1 for 100 Reverse Split.....effective Nov(xx )
Total Outstanding shares will be 37,xxx,xxx after conversion of the
Preferred C Convertible class shares. (Previous posts stated 7,500,000
total Outstanding after the RV.)
Total Authorized will be 275MM.
There; now all three of us are briefed.
You may be very correct, low volume or not.
I was about the only seller all last week.......and I'm the forum drum pounder. Ha.
At .016 Bid I thought I might sell off a couple hundred thousand shrs and drive the Ask down into the 14s where I could buy back-in for a couple hundred dollar trade.
Didn't work.
I wound up selling almost 400,000 between 16, 15.5, and 15... and the Ask stayed firm.
Fortunately, my break even was way below .01 for that trance and I got bored and decided to try the trade.
I did get a hundred K back at 15.
I think we have been dealing mainly with MMs the last couple weeks, so I should have known better........so, even though there is not real strong Bid volume........there are no sellers in here either (except dumbo here) and so I think you are correct.
With any kind of positive news this stock is so thin it will really respond.
ICOR: Throw us a bone!
Thankfully, I have a core position I can HANG ONTO!
Standing by.
I'd like more volume to support the TA.
However, the Ask volume seems pretty thin.
Hopefully, the smart money is holding for better prices and more news.
What's with the Bid/Ask flip flop today?
For the last two days someone has been offering 300,000 @ .014 which is
a little scary. What do they know that we don't to be dumping 300k cheap.
Maybe just an MM with inventory to trade I thought.
Then this morning.....wham the 300,00 for sale magically became 350,000 Bid
to buy........with only 10,000 Offered at .0155 What?
Maybe "someone" has gotten wind of things to come.......it has been very quiet lately......for supposedly good news on the horizon.
This 10,000 won't hold up for long at .0155 with this Bid/Ask ratio.
Hopefully the brother-in-law effect is about to kick in.
jmho
I personally am not risking the wait.
IF the company and products perform well then a couple more juicy PRs will cause this pretty boy to do just what SweetCrude contends: double or triple from here.
One thing about the cheap pennies.....they move on a much larger percentage basis than more expensive stocks.
Yes, a sell off of some magnitude after a R/S could hurt a pre RS buyer.....but I'd say buy now and save some dry powder for post split pick up if it sells off but still looks good.
A $.01 center can double and triple quickly. A $1.00 dollar stock....not so much. A $10 dollar stock will definitely not jump to $20 or $30 in a day or two of heavy buying.
Better to buy some now.......and then some more after. jmho.
I'm beginning to wonder myself.
Regarding the size of the ADS implementation and the possible
revenue projections, I would suspect the stock would get some
strong support from present levels...............
and therefore the 1 for 100 might be in review by the board as
too strong a reverse split.
I do know they want to get this implementation "rolling" and expanding.
It would bring the Outstanding share number to around 7.5MM which seems a little light for any real pop in share demand and growth.
However, that 14C statement of "reducing" the Authorized shares to
225MM gives the company LOTS of room to authorize and Issue a
bunch more shares to generate operating capital.......but that is
dilutive to present shareholders and hopefully they won't have to do too much of that.
Hopefully, we'll get some more info in a week or two.
$100/truck/month apparently is valid number
I just saw it again, in print, from a very reliable source.......not a PR.
I also understand the 80,000 truck implementaion is possibly a goal
to be "completed" by the end of Jan 2014.........which is different than
"initiating" by Jan 2014.........an interesting acceleration.
The company is apparently also spending some big dollars to get this
implementation underway quickly.
The revenue numbers may be delayed until SEC filings are completed....or they may be forthcoming in PRs soon......I don't know.....but they hopefully will meet our expectations.
July 16, 2013 OTCmarkets PR reads differently
OTCmarkets PR came from Inteligis.com via COMTREX......
and does not have the same verbage as WallStreetNewscast.
I may have some clarification infor coming to me in a while.
Interesting PR just sent to me.
It appears to be the older original PR of a couple months ago
announcing the initial test run of a few trucks.
It looks like it was sent by "WallStreetNewcast" (WSNC) in the
disclaimer who, I believe, are commissioned by the company to do
the press releases.
At any rate, this PR mentions the "based on $100 per truck"
verbage.......so the $100/truck/month statement apparently is
sanctioned by the company for release.
I don't remember that explicitly in the original PR of a month or so ago so maybe the company has seen our questions about that number and has re-released the original PR.
I'm on a company email "news" list which is why I'm recieving these.
I think pre contract rates are agreed to.
I believe the Insurance company, trucking clients/policy holders, and ICOR have already come to a close agreement on licensing fees and per truck per month rates of payments to ICOR on various volume sliding scales by now.
They have been apparently coordinating this implementation for several years pending test results and final software refinements.
With the present announcement of 1000 truck implementaion I'd say all parties are clearly aware of future contract specifics on fee costs to the insurance company , trucking companies, and resultant revenue stream on ICOR's side of it.
I'm assuming there will be sliding scale discounts for ever larger truck numbers and future insurance companies may actually pay a premium to what these early implementors agree to.
Therefore, once ICOR divulges revenue numbers from these early contracts, I think we could suggest 10x, 20x, or even 30x more fold over the next 1,2,& 3yrs as the marketing and product importance catches on with, hopefully, International penetration.
I also believe the high end car folks like Mercedes Benz, BMW, Volvo, etc will implement some refined form of the product.
They love expensive safety features........and so do high end customers.
Aviation, rail operators, mundane production line workers, and a host of other areas we haven't even considered will be next.
Management prowess and product effectiveness will be key.
The insurance industry will be a great driver......if we win them over.
I think MMs are getting in middle of some trades......
But that's OK.........they're walking it up.
When is this split happening?
I agree................
Let's get the 1 for 100 out of the way and hope the company backs
the R split up with some "company" numbers about new revenue and guidance.
As the company Board mentioned in the Pre 14C: If the stock gets to that $5
dollar range where it's not classified as a penny stock anymore then with
solid news the big boys and analysts will hitch a ride and start following
and supporting......and we're finally on the stairway to success.
I don't think that has come from the company.......yet.
Hopefully this recent PR finally portends of Revenue......
we just don't have specific numbers yet.......which is probably
why the stock hasn't reacted well .
Hopefully, another PR soon will present revenue contracts and forward
guidance.
NOW is the time to buy....IMO.
I trust $$$ <.01 means big dollars for less than a penny.
Post #1557 is the first time I saw the $100 reference.
I'm not sure if that number came from a PR or an
"inference" from the poster................
I think there's only two of us here.
They'd better start getting the word out...........
The stock is acting this morning like there is no word at all.
However, this new PR doesn't really address Revenue numbers.
The market needs to hear about contracts...........
Repeat PR just sent out
This is the same PR they sent out more than a month ago.....but dated Sept 17th.......however, this PR may portend more confidence in upcoming results and news.
Agreed....the stated Sept date is open.
One needs to know whether the stated "mailing date" was also very close to the filing date of Aug 28th to sort of zero in on the "effective" date.
"This Information Statement shall be considered the notice required under Section 228(e) of the Delaware General Corporation Law. "
------------------------------------------------------------------
"The reverse stock split will be effective upon a date on or after the expiration of the 20-day Period after the mailing of this Information Statement. The 20-day Period is expected to conclude on or about September [__], 2013."
I agree, mid Sept is pretty close.
We shall see.
The new 2xx,000,000 post split authorized share number is actually quite an increase.........left alone, the 1 for 100 would have been 7,500,000.
No, not at all......reference previous filings.
Certain share conversion events reagarding the largest shareholders were stated in the filings when ICOR "merged" with SRS and was predicated on the Reverse split........so I believed this would happen........eventually.
Anyone know a date for the 1 for 100?
I wonder when the 14C mentioned 20 day alert period to
shareholders started.
We probably will get PRs after the split.
I agree.
I'm surprised we had as much action as we did over the last couple weeks...
.....even if a lot of it seemed to be MMs stepping between some trades.
I just thought we'd have more posters back on the ICOR board when the PR stirred things up a bit.......which portends well for when revenue finally does show up.
Where are the posters?
Well, we had a little flurry of activity today........and it looked like some folks who wanted in at lower prices got in.
Maybe they aren't Ihub folks.
Maybe it's the brother-in-laws........which would be a good thing.
Hopefully, they know the story.......better than us.
I wonder who did the 717,000 trade at 12:33........an MM looking for inventory?.......and what's the deal with the seller down there at a penny?
It can't be just me, my brother, and SweetCrude propping up this whole deal.
Let's get some feedback and posting going.
How does Block trade get reported?
So......if these trades were done among individuals.....outside of a broker, how and why is the volume reported to our trading platforms?
I have acquired Restricted Shares and had to work with Transfer Agents in the past but never did inter-person ownership transfers via the TA.
I don't believe Transfer Agents report these trades, do they?
A couple nice "mystery" trades the last few days.
Last week there was a 647,000 share trade at .0195 that Schwab
reported as a "cash" buy (whatever the mechanics of that are)....
.....and today we had a 843,000 share "cash" trade at .0181.
Neither of these trades showed up on my StreetSmartEdge trading window......except the Volume.....and the Schwab back room boys
did the review for me.
I'm not sure the Pink MMs have to report every trade between themselves....but usually they do.....and it shows up in Yellow when the price is between the Bid & Ask.
SO, who did these buys? Hmm.
Could be management exercising warrants?.....Well, most of the
10Q stated warrant options are at different prices than these and the warrant trades are generally only stated in subsequent 10Qs.
At any rate, 647,000 & 843,000 are nice chunks at a time....and were just below the Ask at the time of trade......
Hopefully, this shows somebody..........
Thanks. Realistic is the way. No hype.
Kind words.
I have never liked hype......smart, realistic investors can smell hype and pump n dumps a mile away.
However, when facts and internal company workings are not known the only thing experienced intuitive investors have is conjecture......and that's where we were with HLBC and now ICOR...
to some degree. Factual PRs help. The 10Qs & Ks don't always answer specifics about what's really happening in the background either.....but the filings are all we have......except for those "fact based" rumors that come around........every so often.
ICOR is not going to get 80,000 trucks from one insurance company.
....effectively their whole customer base......but they don't have to. A nice percentage is all that's required for great revenue and then nice percentages from additonal insurance carriers that sign up.
Good test results imply better and better performance....and the insurance "world" will flock to these products. Kaboom; as you said.
I go way back to the inception of HLBC.
We have some very smart folks...... steering ICOR.
The last hour is getting lively...aye?
ICOR land is perking up.
The word is spreading..........
.05/90 days, .10 yr end, $1.00+ next year
Or much higher than a dollar next year.........
with multiple insurance carrier contracts.
Now is the time to build a core position.....or gain some high
percentage trades below 10 cents. It's moving a lot for such low volume.
jmho
Sept......or earlier?
Well, I don't get any inside information.....but September was mentioned by "peripheral" parties as the month the company wanted to "roll out" , officially, the ADS software.
Therefore, these recent PRs surprised me.
Notice the PRs also used the term "roll out", so the company must be using that term internally and other parties are hearing that.
So, hopefully this early "primer" type PR means events are ahead of "schedule" and moving along quickly.
I agree, whether they wait until Sept, or not, more specifics and names regarding future business will be included in PRs and the investors community will have a better grasp of actual potential
revenue; stock volumes will increase along with price and we'll have solid fundamentals to rely on.
I'm thinking a lot of this will happen before Jan 2014 if ADS performance results keep improving.
I just think a prudent company would not put out the potential numbers they have in this initial PR......unless they thought they can back them up........or in fact.....far exceed them.
Hopefully, we have a winner.
jmho
Brother In Law effect kicking in......
People in the know as to what is happening
at the company are trying to sneek in......
but the MMs are not letting them.
ICOR is very volitale.....which is good for traders.....
and bad for anyone who is late to the party.
I've said it quite a few times.......if one is interested
in this company, they had better buy the dips as best they
can........any good PR will send this stock flying.
jmho.
Now see........
If you all would have been buying @.005 back when I posted
this just 2 months ago, you'd be selling at .02 this morning.
That's how it works.
I guess we didn't have to wait til Sept
I sold a bunch in the high nines the other day to play a trade.
I'm buying back in today.
Good info. "Fully Reporting" is important status. eom
I may have started this....or not.
My post recently alluded to rumors the company may have good
news on something in September.
I don't know details and my heresay is from third party financial
folks who know the company is interested in expanding/enhancing
this very complex ADS application with additional licenses and/or rights to additional software development for the benefit of customers..........
Hopefully, this relates to contract requirements.......which
hopefully will be announced in the near future.........which
hopefully will get this stock zooming.
I sound like Obama. Ha.
What happened today is: I took out 55,000 @ .0075 ASK around 10:15 ......which was all that was Offered.
The ASK then jumped up to .0099 but with only 17,000 shares Offered.....or some low amount.......it might have been 46,000.
Someone Bid .0070 for 170,000 .
A Seller then offered 175,000 @ .0098, just below the .0099 Ask, and that 175,000 got taken out by that .0070 bidder in two tranches, I believe, 160,000 & 15,000.
That left a new(?) bidder at .0070 for 30,000 and the original .0099 seller at 46,000 offered.
I believe the seller of the 175,000 came back in offering another 100K @ .0098 and then lowered the Ask to .0095, then .0090, and then possibly .0085 for a short time before retracting the entire 100,000 offer.......leaving the 30,000 @.0070 Bid and the 46k @.0095 Ask to close.
So.....we really only had 5 or 6 parties doing all this ratcheting
up today. Not many players really.
We still need actual news and progress to keep the momentum going
with fundamentals underpinned.
But, now is the time to buy if one is interested because this stock is very "thin" now as I stated before and today's action with just a few transactions reveals that.
jmho.
Man, this thing is Thin.
We don't have buyer volume lately......but we don't have sellers
either.
I don't know where the Bid needed to go today to pull out some
sellers......but there was no available volume at 39% Bid above
yesterday's close......which is Thin.
I don't have Level II info lately, but even the MMs are sitting
tight.
Apparently the company is happy with the ADS R&D progress and September may be the month for some positive PRs. jmho.
I have heard rumors about the companies targeted customers but management has sure been able to keep the lid on internal information........because the Brother-In-Law effect on the stock
is definitely not happening...........yet.
I was a buyer today........and only got filled 30%.
The MMs walked the Bid up quickly.......but no sellers. Hmm.
She may be dead now, but ICOR could move pretty quickly on any
heavier demand or news. jmho.
Efforts are being made.
Things are brewing in the background.
If some of the sales/marketing efforts for ADS produce contracts, the contracts could be big........so I've heard.
Most of us have been assuming that........and it takes time.
I'm buying the dips.
I don't know why we've dipped so far in the last few days but I
bought this morning.
I hate this sub penny area.... but I think we'll bounce WAY above where we are if we can contract with one of the customers the company is persuing.
Revenue will make all the difference.
Now is the time to buy..........imho.
This latest low volume "walk up" can't be trusted.
Without news and quarterly reports are overdue........
this company is still all expenses and no revenue and
could be sold down quickly also.
Any "buying" below 50,000 blocks is no buying at all.....imo.
Instead of trying to beat it down to acquire shares more cheaply,
whomever is trying to walk it up..........for some reason.....
usually to sell.
There is still not enough volume to justify either much movement either way.......imo.