posted
Malloy-Excellant Swing/Day trade. Jumped in Heavy at .0051 on Fri. Still owned some at .0055 from Thurs. Nice run with big block buys. Accumulation in my opinion for a run. While it is accumulating I have been trading a regular from .0051 to .006. Very predictable for a micro penny.
I have been buying a selling 500000 shares at the low of the day and been clearing $400 to $500 a 2 day swing since this was .0022.
AB has it now as a hold.
The spread play is outstanding opportunity without the usual Micro penny risk. JMHO Keep a close eye on Level 11's and follow the MM's.
MOUNT ARLINGTON, N.J., July 12, 2005 /PRNewswire-FirstCall via COMTEX/ --Incode Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT), president and chief executive officer Jim Grainer issued the following letter to its shareholders:
Dear Shareholders:
Our developments this past quarter, when taken with the imminent completion of our reincorporation merger this week with Inseq Corporation, a wholly owned subsidiary of the Company, mark what we view as the end of the Company's transition from a development stage company to a viable operating company with an exciting future planned out.
Notable developments that contributed to this included: * The continued development by Inseq of the recently acquired core platform and other technologies that we expect will be integral to the Company's secondary commodities trading operations moving forward; * The completion by Inseq of its acquisition of Warnecke Design Services, Inc., an acquisition that added about $6 million in annualized sales with about 10% EBITDA margins; * The execution by Inseq of a letter of intent to acquire a metals processing and distribution company ("MPD"), which will bring Inseq to approximately $21 million in revenue and $2.1 million in EBITDA; * The execution by Inseq of a Strategic Alliance with UTEK Corporation to identify proprietary technology transfer opportunities from universities and laboratory research centers; * The execution by Inseq of a Green Technology Prototyping and Manufacturing Agreement with GreenShift Industrial Design Corporation that we hope will generate substantial revenues from the manufacturing and distribution of GreenShift Industrial Design's planned line of residential and commercial recycling and waste reduction appliances and equipment; and, * The restructuring of our debentures relating to the Company's former operations, which we hope will facilitate our intended future refinancing of our equity-based convertible debentures with standard conventional credit in line with our intended acquisition of companies like MPD that we are targeting to strengthen the Company's balance sheet.
The Company also worked to increase the relative strength of the Company's balance sheet the quarter, and the Company received a favourably structured investment of $400,000 from GreenShift Corporation (OTC Bulletin Board: GSHF), the Company's majority investor, to help increase our intrinsic value.
After completion of the Company's merger this week, the Company will market ourselves under the brand INSEQ, which stands for the International Secondary Commodities Exchange, and the Company mission is to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
Growth Plans
Moving forward, the Company's key goals for the balance of this year include:
* Completing the Company's intended acquisition of MPD during the third quarter; * Locating and completing additional strategically compatible acquisitions that will bring the Company's consolidated annualized revenues to in excess of $40 million and our annualized EBITDA to more than $4 million; * Continue implementing the Company's plans to reduce the balance of the Company's convertible debentures with conventional and non-equity based sources of debt in conjunction with completing the Company's planned acquisitions; * Identify and secure, through the Company's alliance with UTEK, the rights to at least one new patented and/or proprietary and strategically compatible technology; and, * Increase revenue and earnings at each of the Company's operating groups and through the manufacturing and distribution of GreenShift Industrial Design's planned line of residential and commercial recycling and waste reduction appliances and equipment commencing this month.
Finally, and in response to many of your questions regarding the Company's capital structure: (1) the Company has no intention of completing a reverse split during 2005, 2006 or for the foreseeable future and (2) the Company's current fully diluted shares of capital stock outstanding are broken down approximately as follows:
Series A Preferred (Shown Fully Converted into Restricted Common): About 2,500,000,000 Series B Preferred (Shown Fully Converted into Restricted Common): About 180,000,000 Balance of Common Stock: About 1,110,000,000 -- Restricted Shares of Common Collateralizing Equity Based Debentures (300,000,000) -- Restricted Shares of Common Issued in Connection with Equity Based Debentures (300,000,000)
The Company's Series A Preferred stock is held by GreenShift Corporation, our majority investor.
While it has been somewhat slow going during the Company's first six months this year, the Company is pleased with its progress and we are very enthusiastic about the Company's prospects for growth. We are grateful for your continued support and involvement. I look forward to our next communication.
Best Regards, Jim Grainer President and Chief Executive Officer Inseq Corporation
About Incode Technologies Corporation
Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. Incode's core focus has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.
Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity under the same name in July 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
Incode is 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a business development corporation whose mission is to develop and support companies that positively impact the use of natural resources.
Safe Harbor Statement
This press release contains statements, which may constitute "forward- looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Incode Technologies Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE Incode Technologies Corporation
Jim Grainer, President and Chief Financial Officer of Inseq Corporation, +1-973-398-8183, Fax: +1-973-398-8037, investorrelations@inseq.com; or Michael Cimini, +1-212-896-1233, mcimini@kcsa.com, or Garth Russell, +1-212-896-1250, grussell@kcsa.com, both of KCSA Worldwide
Incode Completes Merger with INSEQ Corporation PR Newswire - July 14, 2005 11:37 Consolidated Company to Commence Trading on July 15, 2005
MOUNT ARLINGTON, N.J., July 14, 2005 /PRNewswire-FirstCall via COMTEX/ -- Incode Technologies Corporation ("Incode") (OTC Bulletin Board: ICDT), today announced that its reincorporation merger with INSEQ Corporation ("INSEQ") became effective yesterday, July 13, 2005. INSEQ, who is the survivor of the transaction, merged with Incode on a share for share basis.
INSEQ will commence trading tomorrow, July 15, 2005, on the over the counter bulletin board maintained by the NASD under the symbol INSQ.
INSEQ's business model is to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics through the following activities:
-- Manufacturing - INSEQ intends to acquire strategically compatible manufacturers that bring additional revenue and earnings to INSEQ but that also have operations capable of manufacturing strategically compatible equipment and appliances; -- Distribution - INSEQ is developing an online secondary commodities trading portal that is planned to enable the increased distribution of partially consumed metals, chemicals, plastics and fuels, as well as other secondary commodities, and INSEQ intends to acquire distributors of selected high-volume liquid classes of these materials; -- Technology Acquisition - INSEQ intends to acquire, itself and through its alliance with UTEK Corporation, the rights to commercially-viable, strategically compatible proprietary technologies that contribute to INSEQ's mission; and, -- Production - INSEQ intends to leverage all of the above activities to produce selected green metals, chemicals, plastics and fuels from secondary commodities, which INSEQ then intends to offer for sale and distribute through its planned new secondary commodities trading portal.
INSEQ's current sales are about $6 million per year and are planned to increase to $21 million per year after INSEQ completes its planned acquisition of a metals processing and distribution company during the third quarter 2005. INSEQ hopes to complete additional acquisitions before the end of this year that are intended to bring INSEQ's annualized sales to in excess of $40 million.
About INSEQ Corporation
INSEQ Corporation is a publicly traded company whose mission is to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics. More information on Inseq is available online at www.inseq.com.
INSEQ is 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a business development corporation whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges.
Safe Harbor Statement
This press release contains statements, which may constitute "forward- looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Incode Technologies Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE INSEQ Corporation
Jim Grainer, President and Chief Financial Officer of INSEQ Corporation, +1-973-398-8183, or fax, +1-973-398-8037, or investorrelations@inseq.com; or Michael Cimini, +1-212-896-1233, or mcimini@kcsa.com, or Garth Russell, +1-212-896-1250, or grussell@kcsa.com, both of KCSA Worldwide
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
This has been a great trader..
