Interesting developments...
If you owned a shell like IDCN and wanted to sell it, the progression we have seen would be how it would appear on corp documents - assign Pres/CEO as a broker/lawyer that handles such transfers - he then sells to real buyers and resigns and they assume the officer positions. As a public traded entity you can't just "sell" the company. Now, you CAN sell a boatload of shares in a private sale and being pink sheets no one cares if you complete the right paperwork.
It does appear to me that IDCN - or the publicly traded shell that was IDCN, has changed hands. As has been pointed out, we have no way of knowing (without some digging that I am not willing to do) if the new owners are friends with JRB, KA's neighbors, who knows...
Of course, it would not take much to have the same changes occur to make it seem like the shell has changed hands.
If there are truly new owners that have nothing to do with JRB than they would most likely be fairly aggressive in a PR or other action. Normally when you buy a shell you already own a company that is NOT public, and the entire reason you buy the shell is to reverse merger in to it, change it's name and overnight you are now publicly traded. This costs anywhere from $30K-$200K - and you don't drop that kind of coin and then do nothing.
If we hear nothing for a few months than JRB/KA most likely still involved. If we hear things soon than probably new ownership.
It still isn't time to jump and down with joy. If it's still JRB, same game, slight variation of the scam. If it is new owners the first things they would normally do is "clean up" the stock. Register in a legit state with a legit RA. Un-gag the TA. Totally restructure the shares via a reverse split to get them in line with where they should be. Update Pink Sheets. This all takes time and money - but if this is what happened than the stock could change symbols and could move. You could also get hit with a 1000:1 reverse split before then. Remember, new owners would not give a crap about previous business or previous investors. Most of the time when a shell is sold the new business has nothing to do with the old. It could be a woman's clothing chain now for that matter.
In any case, it is great to see SOMETHING happen - certainly better than another year of JRB giving himself more shares and trying to dump at 0.0001 to anyone that bites.
AI
