I do not own shares of IPCY, and I hope that, if you choose to buy their stock, you make money. I am not interested in dragging the shares down. It, however, is my continuing obligation to inform potential investors about the risks of doing business with a Paul Taylor entity. I was the president of Netco Investments (NTCV) after it did a major pump and dump using the name Telatinos. Mr. Taylor blamed another guy, Jon Miller, and my job was to salvage the company. In the course of it, I learned that Paul Taylor was the person responsible, not Jon Miller. Taylor used facsimile signatures of Mr. Taylor.
More importantly, when I obtained records from the transfer agent, Madison Transfer, it was apparent and clear that Mr. Taylor issued shares to his nominees using my name and dumped those on the market. Shortly after notifying the transfer agent, I was allegedly terminated as President and a new nominee, who does not even know what the company is, was appointed. At the time I was supposedly fired, there were about 500,000 shares in the public float, maybe less. Now the volume is 25 million per day plus. These shares came onto the market in the last 60 days. Mr. Taylor is pulling similar shenanigans with CCDE, issuing press releases that it will receive 1.5MM$ from Morgan Guaranty, but forgetting to mention that it isn't JP Morgan Chase's Morgan Guaranty, but is a Nevada company that he formed a few days before.
With respect to IPCY, serfdom seems to believe that it is being controlled by Taylor. If it is, then the only workable strategy is to get in during the pump (which is now) and out before the big big dump. IF you can manage that, you'll ride the Paul Taylor fraud and make a few bucks. If you get burnt in the end, then you've been warned in advance.
The good news for IPCY investors is that it does not appear that Madison Transfer is the transfer agent on this one. If you see a switch, you know what's coming.
In any event, do your due diligence and let the chips fall where they may.
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