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IELE SEC suspension
http://www.sec.gov/litigation/suspensions/2013/34-70895.pdf
ORDER:
http://www.sec.gov/litigation/suspensions/2013/34-70895-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2013/34-70896.pdf
Pink no information 751k 3mo. avg vol.
Contact Info
17194 Preston Road Suite 102
PMB 341
Dallas, TX 75248
Phone: (214) 254-3425
Update Company Info
Business Description
Financial Reporting/Disclosure
Reporting Status SEC Filer
Audited Financials Not Available
Latest Report Not Available
Regulatory Agency Not Available
CIK 0001043105
Fiscal Year End 3/7
OTC Market Tier OTC Pink No Information
Profile Data
SIC - Industry Classification 7389 - Business services, misc
Shell
Incorporated In: NV, USA
Year of Inc. Not Available
Employees Not Available
Company Officers
Ivan Zweig CEO
Company Directors
Not Available
Company Notes
Formerly=MailKey Corp. until 8-05
Formerly=Global Diversified Acquisition Corp. until 4-04
Formerly=Sutton Trading Solutions, Inc. until 4-03
Formerly=Ikon Ventures, Inc. until 10-01
Formerly=Air Epicurean, Inc. until 4-97
Service Providers
Auditor/Accountant
Not Available
Legal Counsel
Not Available
Investor Relations Firm
Not Available
IELE Security Details
Share Structure
Market Value1 $33,150 a/o Sep 21, 2012
Shares Outstanding 33,149,501 a/o Sep 18, 2008
Float Not Available
Authorized Shares Not Available
Par Value 0.001
Shareholders
Shareholders of Record 309 a/o Jul 10, 2008
Security Notes
Capital Change=shs decreased by 1 for 100 split. Pay date=02/28/2001.
Capital Change=shs decreased by 1 for 400 split. Pay date=4-23-03.
Capital Change=shs decreased by 1 for 16 split. Pay date=01/11/2008.
Short Selling Data
Short Interest 0 (-100%)
Feb 15, 2008
Significant Failures to Deliver No
Transfer Agent(s)
Madison Stock Transfer Inc.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59068835
or IELE
patience pays off...
Yep like it better then yesterday. Holding
IELE.0045 today, smoooooooooth :)
Haha fair enough...I ain't sayin' this can't go anywhere...I know full well the potential of these dormant shells/companies/boards...
By the way your Pro Traders board is excellent...
Many shells change hands much faster than the info you brought forward i.e. 05, 04, and 03.
The same thing happened back a few months ago with the BGTH board, old, no post for over two years then whamo!
Has the the markings of something new.
Stay tuned you may learn something :)
sc
You guys do know you are dealing with a CEO with a very sketchy past with Nevada corps right? Not to mention IELE was formerly MailKey Corp. until 8-05 formerly Global Diversified Acquisition Corp. until 4-04 formerly Sutton Trading Solutions, Inc. until 4-03
formerly Ikon Ventures, Inc. until 10-01 formerly Air Epicurean, Inc. until 4-97...
And Zweig with his other cockamamie companies? I mean, really, Kramerica Golf and Art Vandalay Inc? Whaaat???
Whatever floats yur boat tho...good luck here to ya but imo tread cautiously...
Added e-ore assistant DD_hound :)
Helmsman, let's check out the rudder next week!
:)understatementoftheyear:)shhhhh
major wake up there on Friday....
Based on prior 10dayavg movers with this large of disparity, IELE is definitely on-watch.
I'll be iso further DD through my contacts.
Please post if you have current information.
Best,
SuperC
It's also interesting that IELE has not had serious of DD posts since 2007, there was only 1 post in 2008.
Has been a great run, .001 to .007...
Jumped in this morning @ 003 and like the action so far. This is way oversold....
up 80% today :)
Question of the day is do you buy at .10 or wait for lower. I know the answer
I like the increase in volume and oversold conditions. Might be one to watch...
Micro Data Systems
http://www.microd.com/Aboutus/aboutus.htm
Posted by: SSP
In reply to: None Date:8/13/2007 4:03:32 PM
Post #of 142953
IELM .012 , not concrete and more specific terms needed - Entry into a Material Definitive Agreement.
On August 7, 2007 IElement entered into a letter of intent with Micro Data Systems, Inc whereby IElement corporation may acquire Micro Data Systems in a merger transaction. Although the letter of intent is largely non-binding, some of the provisions are binding upon the parties.
The binding provisions include (1) a requirement that each party provide the other with access to information to complete due diligence; (2) an exclusivity provision whereby IElement will not enter into or negotiate another merger transaction with any other party through August 30, 2007; (3) a liquidated damage provision in the event that IElement breaches the exclusivity agreement. The liquidated damages include 20,000,000 shares of common stock and either expense reimbursement or $50,000 cash; (4) a requirement that IElement conduct its business in the ordinary course pending completion of the due diligence and definitive agreements; (5) an agreement that each party bear their own expenses in relation to the letter of intent and proposed transaction; and (6) a requirement that due diligence and other information provided to each Company in connection with the proposed transaction remain confidential.
Item 5.02(d) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(1) On August 7, 2007, by unanimous approval of the Board of Directors at a meeting of such Directors, IElement elected Art Eckert to the Board of Directors to serve until the next annual election of directors by shareholders. Mr. Eckert’s election is effective as of August 9, 2007.
(2) IElement Corporation recently entered into a letter of intent with Micro Data Systems, Inc. pursuant to which IElement, Inc. may acquire Micro Data Systems. Mr. Eckert is an advisor to Micro Data Systems and will assist the Companies in the due diligence process. See Item 1.01 hereto for a description of the letter of intent.
(3) IElement does not have separate committees of the board of directors.
(4)Mr. Eckert is 48 years of age. He has not previously held a position with IElement. From 2001 to the present he has been President of BACE Solutions, Inc., an IT Consulting Firm. From 2003 to 2006 Mr. Eckert serviced as the President of SSAppel & Co., a real estate development company. From 2004 to 2006 Mr. Eckert was also President of Manor House International, a hotel property developer. From 2004 through 2006 Mr. Eckert was President of Manor House State Road 70 also in the hotel property business. From 2003 through 2006 Mr. Eckert was President of Prime Star Legacy a golf resort developer. From 2007 to Present Mr. Eckert was President of Dart Realty Services, a commercial offices developer.
There are no transactions, since the beginning of IElement’s most recent fiscal year, nor are there any currently proposed transactions, in which IElement was or is to be a participant, involving the sum of the lesser of $120,000 or one percent of the average of the IElement’s total assets, as averaged for the last three fiscal years, in which Mr. Eckert has or will have a material interest.
(5) It is anticipated that Mr. Eckert will receive 10 million shares of restricted IElement common stock in exchange for services that he has agreed to render in relation to assisting IElement and Micro Data Systems with the due diligence process.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 13, 2007
IELEMENT CORPORATION
By:/s/Ivan Zweig
Name:Ivan Zweig
Title:Chief Executive Officer
IELM Possible merger play in 8k
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22035743&txt2find=ielm+
Yup big day today- ask gettin hit pretty hard too!
100 percent no news
No thanks,all the ones I started was just for experience except one -chart.Aggressive in nature but not savvy enough is a little dangerous but my day is near.
IMO they have a very weak CEO.
You can tell by the way the biz is operated... You want to mod.
I noticed they pay in shares but maybe they can keep M/A and VOIP will take off.
I really hate this stock.... as a long
all the appearance of... pump and dump at UWRL... Old shareholders are finally able to dump stock..
and well... This company... is a stock issuing machine!
So let's summarize...
- Sorry ass technology won't compete with the likes of...
- Mgt that blames loss revs on no marketing... oh.. duh! but let increase our admin expenses...
- And the biggest issue.. A CEO that will take millions out of the company in stock and a overpaid salary "Mr. Zweig will receive an annual base salary of $300,000" for a $3.7 mil rev company! what a joke.
- dilution for services beyond... I can't even say...
I'm embarrassed to be a mod here.
Looks like we have a common ground, UWRL
IELM 10KSB
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001043105%252D07....
pure chart play for me (brought to my attention by another ihubber). looks like the bottom is rounding out, volume is picking up, and most of the other indicators i look at seem to all be pointing in the right direction. i would think that if/when it gets thru .013, the pace should start to pick up a bit, and .015 could make for a big break. jmho.
Al, you like this one? Would love your take on it. Thanks.
-k
Bought a starter position in IELM yesterday. Nice chart setup and seems to be under accumulation. Is this board completely dead?
-k
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NOTHING YET>>>>>> DD_Nprogress
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