VMCI ultra-low floater with an amazing product suite:
VMCI has a roughly 28 Million OS. John Kent, who has a reputation for low-float runners, put me on to it, and he got a 500% run in one day just via a few tweets, because the float is tiny… but I don’t think very many people realized what they had, because the OS listed on OTC Markets is outdated, and still lists 800-plus million shares.
It’s a big filing, details how they dealt with debt earlier this year by having debt holders convert to shareholders, then reverse split 1000+ to 1. There’s also a name and ticker change in there (on the last page) that haven’t fully gone through yet. But they are very detailed about the OS after the reverse, and it’s basically 28 Mill now.
This means that 5 % is 1.4 million shares, and that 20 people can easily lock the float.
And the kicker? Per the same 6-30 8-K, the former debt holders have Warrants at $0.45; and also a second set of Warrants (if they purchase the first set), at $1.35… which means that there was general agreement that the company could reasonably be valued at a price far higher than it is today.
What’s more, the company sells software for medical and dental practices, including management software and HIPAA-compliant email software.
Vemics is the old name. iCoreConnect is the new name. VMCI is the current ticker.
They just canned one public accountant and replaced them near the end of October 2017, which probably means they are starting to audit financials, and should go current in the next few months. http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12338411
I strongly recommend checking the company out now, before their OTC Markets profile and financials are updated to match their June 30th 8-K, and the public catches on to this incredible low float company.
VMCI can run like a scalded dog with a little attention!
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