Ghostone:
For starters :
1. 20 days ago there was a Volume over 600 Mil Shrs in one single day. ( PPs Range [0.0004,0.001].
Many of the investors here diddnt take profits that day including me.
2. Yes there is an 8/24/09 ammendment to represent 500 million shares total. Some guys in this board initially interpreted this as a possible R/S of 1:6 or 1:5.
3. If A consorcium has bought INCL as stated in Former PRs
IMHO they probably received Shrs/Promisories Shrs for Cash.
(BEHL's PR stated that JVs involved some money as deposit
plus INCL is buying significant Acreage in North Nevada.)
THis is what I think is happening:
1.I read in this board that total O/S is around 1,450 Mil.
and A/S: 2,500 Mil.
2.I think that The consorcium has Received 1,000 Mil. shrs.
for cash ( difference between A/S: 2500 minus O/S: 1450-1500 )
( Maybe like 1 penny/shr? . So INCL have like $10 Mil. for operations and Corporate Financing etc )
3. We are about to change Symbol plus Cusip Number. I wouldnt be surprised that it will come with a R/S 1:5 as well when that change ocurrs.
4. The perceived Market Capitalization initially looks like to be around $50 Mil./$100 Mil.
5. So with the New O/S = 500 Mil. ( R/S = 1:5 ) we might expect a PPS = $0.10 /$0.20.
I hope it helps a little on the issue.
Opinions welcome TIA