After the filing came out 2 days ago stating the great Outstanding here.... As of August 23, 2016, the issuer had 323,474,377 shares of common stock outstanding. ....I noticed there was discrepancy in the Authorized noted in the filing (485m) vs. NVsos (2bil)
I wanted to verify so I called the TA. Because of the confusion the TA recommended I call the company.
I did call and I left a message.
Dave Pugh called me back. He said that there was concerning action on the stock in the past, therefore, the CEO issued himself a 1 billion block of stock to ensure control.
After seeing the tax ramifications, he returned them to the treasury in the spring.
This is why we see the Outstanding higher last year after the split than it is now.
In our conversation, I asked about what is happening with the company currently since there has been no news and OTCmarkets is so incomplete. http://www.otcmarkets.com/stock/IFLM/profile
I was pleasantly surprised to get clarification on some things.
He also said that because they purchased C2C which owns ChefEddieG's in the final part of last year, filings were difficult because they had to account for things that occurred in that company prior to purchase. They are working diligently to complete all required filings as we can see by what has been filed thus far.
Mr. Pugh is very accessible and welcomed anyone to call to him 914-763-3229 He was in the process of moving his family to NY packing etc.
The Outstanding hasn't changed since at least May 323,474,377
The TA is ungagged. 801-355-5740
Now I will state, if anyone can't see the natural progression of interest of a real trader I don't know what to tell you.
It is obvious that there are hurt feelings on IFLM going back for years. As a trader, I like to look at what is going on with the company right now. What I see is -an excellent share structure -no recent raises in Outstanding -a revenue producing business -brick and mortar, go check it out for yourself business -an accessible company rep -an ungagged TA
I don't think you get much better than that in this low of a price stock.
I take offense that my dd is turned into name calling Pump and Dump, but whatever, people will say whatever they say.
I do not have any issued stock from the company that I didn't buy on the open market
I am not paid here in any manner shape or form with the exception of gains I make from my open market purchased stock
I have zero control over what the company does or is doing. There is no 'group' trying to pump to dump stock (at least not that I know of)
Anyone can call and anyone can do their own dd, I hope they do and make their own decisions on what is best for them and their own trading strategies.
As for me, I bought the last 2 days and unless things change here in a negative way I am bullish on this one and not looking for a 1 day trade.
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