ICOP Digital Inc. (fka ICOPQ)

[the cork]

Be careful JJ. Looks to me like they went private. This looks like one of those dormant turd Q's that some IHUBBers like to front load. They create artificial excitement with spectacular initial percentage gains on limited volume. Anybody else that suckers for that junk gets left holding the bag.

It's pretty obvious:

About Us
ICOP is now a Safety Vision Company. Safety Vision, LLC, is headquartered in Houston, TX and ICOP maintains a brach office in Lenexa, KS......

Q Can you assure me I should continue a relationship with ICOP?
A Safety Vision is a rock-solid company and is 100% committed to expanding its existing product line by offering Tier 1 ICOP Solutions for Law Enforcement. We will do what is necessary to gain your confidence. For nearly two decades, Safety Vision, a privately owned Houston-headquartered firm, has been a pioneer in deploying mobile video and fleet automation solutions for law enforcement, mass transit, pupil transportation, commercial trucking, and other mobile fleets. (http://www.safetyvision.com/)

http://www.icop.com/vop.htm

Icop, Video-System Maker for Police, Files to Sell

Icop Digital Inc., the developer of mobile video systems for law enforcement, filed a Chapter 11 petition on Jan. 21 in Kansas City, Kansas, to sell the assets.

The petition listed assets of $1.67 million and debt of $2.74 million. The balance sheet as of Sept. 30 had assets on the books for $6.7 million and total liabilities of $4.3 million.

The petition says there is $635,000 in secured debt.

The proposed buyer of the business, Safety Vision LLC, is offering to provide $500,000 in financing for the Chapter 11 effort. Icop is based in Lenexa, Kansas.

Unless there is a higher offer at auction, Safety Vision will pay $800,000 in cash plus 50 percent of accounts receivable.

The closing high for Icop’s stock was $90.80 on May 11, 2007. The closing price was 20 cents in over-the-counter trading on Jan. 21.

The case is In re Icop Digital Inc., 11-20140, U.S. Bankruptcy Court, District of Kansas (Kansas City).

http://www.bloomberg.com/news/2011-01-24/innkeepers-fgic-gulfstream-nec-charlie-brown-s-bankruptcy.html