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ICCT Insiders own 51% of OS - Common Shares, UPDATED!
The prior update in this link https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160031665, only included Form 4's filed in 2020. This is an update to include all ICCT Insiders Form 4 filings showing Common Shares ownership as of their last filing.
F4's --> https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0001408057
Share Structure --> https://www.otcmarkets.com/stock/ICCT/security
JD Smith may be higher, review his history if interested, in the SEC link.
Fact check this data and calculations for accuracy and correct it if needed.
Is Abyde an ICCT “Serial M&A” target? Abyde is already a partner of iCoreConnect https://abyde.com/icoreconnect/ OR https://abyde.com/partners/ ---> IT Partners.
Consider Abyde’s numerous partners that could potentially be merged or acquired with ICCT. Abyde’s partners list.
• Practice Management/EHR Partners – qty = 10
• Industry Partners – qty = 13
• Association Partners – qty =16
• IT Partners – qty = 10, iCoreConnect is listed in this section in the #1 spot.
As it relates to the mention of “Serial M&A’s”, experience in these areas was a requirement in a recent post for an ICCT - CFO posting. Here’s three bullets from the posting.
• iCoreConnect is a growing company with an aggressive acquisition strategy.
• The winning candidate understands and creates scalable financial systems to successfully integrate acquired businesses into the company at an accelerated pace.
• Experience in serial mergers and acquisitions.
More information on the posting here, https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159945562.
iCoreConnect and Abyde’s leadership doing podcasts together.
The interesting thing is that I did not find any references to Abyde from the ICCT - iCoreConnect side. It may exist, just didn’t find anything. The partnership appears to only be evident looking at this from Abyde’s side with the exception of the podcast info. New here, someone else have some info from the ICCT side. Either way, looks like a potential serial M&A target.
Why might Abyde be a viable “Serial M&A” target? Consolidated list.
• ICCT iCoreConnect is already established as an IT Partner
• Of over 40 Abyde partners listed, they have iCoreConnect listed in the #1 spot on their home page https://abyde.com/.
• Abyde has numerous partnerships which could Tee UP serial acquisitions or M&A’s.
• ICCT and Abyde are in the same line of business, seems to fit like a glove.
• Abyde appears to be a private company strategically traveling down a parallel path.
• ICCT insiders own at least 28% of the OS. Numerous Form 4's filed by ICCT's BOD in 2020, WHY? https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160031665
• Recent CFO posting requirements, must have experience in "serial mergers and acquisitions".
• Abyde reports 16 consecutive quarters of company growth, a rapidly growing customer list, and over 40 rewarding partnerships. Built by health IT professionals, legal experts, and seasoned developers, Abyde has earned its spot as the easiest way to alleviate HIPAA stress. https://abyde.com/about-us/
• Abyde doing podcasts together with iCoreConnect, seem to have a tight business relationship.
• iCoreConnect has a suite of cloud-based services that improve productivity for dental and healthcare practices. They have already acquired a number of services and it seems hungry for more.
• Couldn’t find anything about Abyde from iCoreConnect side having a partnership. Only see Abyde making the mention on their website. Wonder why? Might have missed something.
Abyde features
https://abyde.com/features/
Abyde – About us
Like all good companies, Abyde started in a garage in Clearwater, Florida in 2016. After more than a decade in the healthcare industry, our co-founders knew HIPAA compliance – overcomplicated, confusing, and missing a single complete solution – was ready for disruption. There had to be an easier, more cost-effective way for medical practices to attain and sustain HIPAA compliance. Enter Abyde.
Fast forward three years and Abyde has celebrated: 16 consecutive quarters of company growth, a rapidly growing customer list, and over 40 rewarding partnerships. Built by health IT professionals, legal experts, and seasoned developers, Abyde has earned its spot as the easiest way to alleviate HIPAA stress.
https://abyde.com/about-us/
2020 Form4’s, ICCT Insiders own 28% of OS / common shares, more than twice as much as the float.
ICCT – interconnect - Insiders own at least 22,774,629 or 28% of the OS. Note, this data is only from Form 4’s filed in 2020.
By comparison, 28% insider ownership is as good or better than 7 of the 16 S&P 500 Stocks With The Most Insider Ownership as of a year ago. https://www.benzinga.com/general/education/19/11/14735883/16-s-p-500-stocks-with-the-most-insider-ownership
OS - 81,194,192
Restricted – 60,194,192
Unrestricted – 20,263,329
Held at DTC 9,059,959
Total Float - 10,790,599
2020 - Form 4 filings by Board of Directors newest to oldest dates
BOD team - https://www.icoreconnect.com/board
ICCT Director buys 4.3+% of the float, yesterday. Robert DeSanti, one of the members of ICCT's BOD purchased 470,000 common shares on the open market. ICCT has a LOW float shown on OTCM of 10,790,599.
https://ih.advfn.com/stock-market/USOTC/icoreconnect-qb-ICCT/stock-news/83833495/statement-of-changes-in-beneficial-ownership-4
ICCT CFO job listing was posted 2 months ago, now shows inactive assume they found what they were looking for. This would put the last piece of the BOD team together to m1999’s point going for NASDAQ. The other interesting thing here are 3 of the 20 or so bullets.
• iCoreConnect is a growing company with an aggressive acquisition strategy.
• The winning candidate understands and creates scalable financial systems to successfully integrate acquired businesses into the company at an accelerated pace.
• Experience in serial mergers and acquisitions.
Combine the recent Form 4 - insider buying with these job posting requirements, could the serial M&A’s be in the works? Also, looking at all the job posting requirements (show full description), this is also a signal that this is a solid company, hitting the key requirements. Combine that with the current BOD and the company overall.
https://jobsearcher.com/j/chief-financial-officer-at-icoreconnect-otcqb-icct-in-orlando-florida-vR7j49V
ICCT spiked to $2.01 on Dec-16, 2019, now at .13. Yet Q3 2020 net revenues increased 136% compared to the Q3 2019, clearly they are in a growth phase. This link also provides good intel on iCoreConnect, products, where they are going. They have agreements with 19 states Dental or Medical Associations.
https://www.icoreconnect.com/post/icoreconnect-reports-136-increase-in-q3-2020-revenue
Impressive BOD team
https://www.icoreconnect.com/board
About iCoreConnect
https://www.icoreconnect.com/about
From OTCMarkets:
“We started iCoreConnect with just one service, iCoreExchange HIPAA-compliant email,” McDermott shares. “Today we’ve developed a platform of 13 enterprise services based directly on customer demand.” iCoreConnect builds and improves all of its software based on the feedback of currently-engaged healthcare providers, including approximately 2,000 dentists and physicians who helped design and develop iCoreExchange (HIPAA-compliant email and referral network), iCoreDental (dental practice management) and iCoreMD (medical EHR).
ICCT is trading on OTCQB
Share Structure
AS - 600,000,000
OS - 81,194,192
Restricted - 60,930,863
Unrestricted - 20,263,329
Held at DTC - 9,059,959
Float - 10,790,599
https://www.otcmarkets.com/stock/ICCT/security
m1999, overall - looks like ICCT is well positioned for NASDAQ!
ICCT~~.07,will GO NASDAQ they have 4 independents DIRECTORS,
here~~Board of Directors
JD Smith
Chairman of the Board
JD Smith advises and assists Sonoran Pacific on numerous projects in which it has venture capital and real estate investments.
JD is the Chairman of WESCO Energy Corporation, a company owned by Sonoran Pacific Resources, one of the largest investors in iCoreConnect, Inc.. WESCO owns the patents on a number of new technologies in the oil and gas business, such as gas to liquid conversion of stranded gas, heavy oil upgrading, and a process for producing environmentally friendly tailings from oil and tar sands. He recently facilitated the negotiation and signing of agreements concerning projects in the USA, Canada, China, and Russia. He is presently overseeing new prospective projects in Thailand, Nigeria, Madagascar, Ecuador, Dubai and other parts of the world.
Jeff Stellinga
Director
Jeff Stellinga is a 23 year veteran of Sales & Finance. Jeff has spent most of his career in Finance and Capital Markets.
Jeff spent 18 years at US Bank rising through the ranks and becoming Sr. Regional Sales Director. After a successful 18 years, Jeff took a job with Saxon Business Systems – A Xerox company as a Branch Manager for two years. He has since worked for CoActiv Capital Partners as Regional Sales Director for their Southeast Territory and is presently employed at Everbank Commercial Finance as their Eastern Sales Manager.
Robert McDermott
Director
Robert McDermott is Chief Executive Officer and President of iCoreConnect and is a member of the company’s board of directors. He is a 25-year veteran in Sales, Operations and Finance.
Robert has had a successful career as an entrepreneur while demonstrating strong leadership skills in running these organizations. Robert's company made the prestigious Inc. 500 list and was listed as the 173rd fastest growing company in America while he was CEO. He joined iCoreConnect in 2013, bringing more than 25 years of technology industry leadership, and executive management experience to his role with the company
Robert has held positions in various companies as either CEO or President. He has a Bachelor’s degree majoring in Finance from Dowling College, NY.
Samuel B. Fortenbaugh III
Director
Sam Fortenbaugh has over 50 years' experience as a lawyer. He was Chairman of Morgan, Lewis & Bockius, one of the largest international law firms headquartered in the United States. He retired from Morgan, Lewis in 2002 and has continued to practice law specializing in general corporate matters with a particular emphasis on corporate acquisitions and mergers, general security matters and corporate governance.
Sam served on the Boards of Directors of Western Publishing Group, Inc. (NASDAQ), Baldwin Technology, Inc. (NYSE Amex) and Security Capital Corporation (Amex) as well as a number of privately held corporations. He is presently a member of the Board of Advisors of a private buy-out fund focused primarily on middle market companies and has served as counsel to iCoreConnect for a number of years.
Robert DeSanti
Director
Robert DeSanti has more than 30 years’ experience in sales, operations and accounting. Bob founded Planestocks LLC in 2011, a company specializing in the international purchase of aircraft parts for subsequent sale in the United States. After developing the company for seven years and serving as its Managing Director, he sold his interest in the company to his partners.
?
From 2002 to 2014, Bob served as Financial Controller and then General Manager for LabSource and High Five Products. Both are laboratory supply companies located in Chicago. Prior, Bob held positions as Controller for Sports Awards and Audit Senior Associate for Grant Thornton. He holds a B.A. in Accounting from the University of Illinois.
John Schneller
Director
John Schneller is Founder and Managing Partner of CSW Advisors, Inc. a financial advisory firm. He was previously a partner with Scura Partners LLC, a boutique investment banking firm, as well as an investment analyst with New York-based hedge fund Knott Partners, LP. Schneller also has prior experience with publicly traded companies as a Director and Chairman of the Compensation Committee of Command Center, Inc.
Paul Jackson
Director
Paul began his investing career as a Global Industry Analyst for Wellington Management in 1997. In 2002, he joined Abacus Investments, a Technology Media Telecom hedge fund located in Boston. Since then, Paul has worked for Fidelity Investments and State Street Global Advisors, among others.
His industry experience includes software development for Oracle Corporation where he co-invented a fault tolerant client server system (U.S. Patent No. 5,796,934). Other industry experience includes software and electrical engineering for British Telecom and Philips Electronics.
Paul received his B.Sc.(Hons.) in Electronic and Electrical Engineering from Newcastle Polytechnic in 1984, a master’s degree in Information and Computer Science from Georgia Institute of Technology in 1987 and his master’s degree in Business Administration from the Wharton School of Business, University of Pennsylvania, in 1997.
COMPANY DIRECTORS
JD Smith
Chairman, Independent Director, Nominating Committee Member
Robert Andrew Desanti
Independent Director, Audit Committee Member, Compensation Committee Member
Samuel Byrod Fortenbaugh III
Paul Jackson
Independent Director, Audit Committee Member, Compensation Committee Member
Robert P. McDermott
President, CEO
John Schneller
Independent Director, Audit Committee Member, Compensation Committee Member
Jeff W. Stellinga
Compensation Committee Member
https://www.otcmarkets.com/stock/ICCT/profile
.13s up 
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