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NILE Thank you! Thank you! Thank you! I almost lost alot of cash if I would have sold this morning. You are the man!
Posts: 239 | From: Michigan | Registered: Aug 2005
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keep us all updated on any orders in and if they get filled please, I like to know how MMs are treating ICMH
Posts: 177 | From: Orlando | Registered: Aug 2005
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I think it's funny that WHLI is up 15% and ICMH is up 25% this morning.
-------------------- All of my posts are based on my opinion. My opinions are based on the info available to me at any given point in time. Do your own DD and see if you concur. Posts: 820 | From: Phoenix | Registered: Jul 2005
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Non Reliance on Prev Financials, Audits or Interim Review, Change i
Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review. Section 5 - Corporate Governance and Management
Item 5.01 Changes in Control of Registrant. On July 25, 2005, Ash Mascarenhas accepted 10,000,000 shares of our Class B, Series 1 Preferred Stock issued (currently Series B Preferred Stock after giving effect to our reincorporation in February 2005) in the name of Randy Betts (the Preferred Stock) in consideration of the obligations of Mr. Betts secured under that certain $600,000 Secured Promissory Note dated January 5, 2005 made by Mr. Betts in favor of Mr. Mascarenhas (the Note). Mr. Betts originally issued the Note as payment for his purchase of the Preferred Stock from Mr. Mascarenhas and the Note was secured by a Pledge Agreement whereby Mr. Betts pledged and granted a security interest in and to the Preferred Stock until such time as the Note was paid in full. Mr. Betts has failed to make any and all payments to Mr. Mascarenhas had failed to make any of the payments under the Note resulting in an Event of Default under the Pledge Agreement and giving Mr. Mascarenhas rise to all rights and remedies as a secured party with respect to the Preferred Stock.
The acceptance of the Preferred Stock by Mr. Mascarenhas effectively transferred control of the company to Mr. Mascarenhas.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On July 25, 2005, Mr. Betts resigned from all of his positions as an officer of our company including his positions as President, Chief Executive Officer, Chief Financial Officer (Treasurer) and Secretary. Mr. Betts resignation was not based upon any disagreement with us on any matter relating to our operations policies or practices.
Concurrently with Mr. Betts resignation, Ash Mascarenhas was appointed by our Board of Directors to the offices vacated by Mr. Betts including the offices of President, Chief Executive Officer, Chief Financial Officer (Treasurer) and Secretary.
On July 25, 2005, pursuant to a resolution our Board of Directors increased the number of authorized Directors from one (1) to two (2) members. Concurrently with this increase in the size of the Board of Directors, our Board of Directors elected Ash Mascarenhas as a Director to fill the vacancy thereunder.
Item 5.05 Amendments to the Registrants Code of Ethics, or Waiver of a Provision of the Code of Ethics. Section 6 - [Reserved]
Section 7 - Regulation FD
Item 9.01 Financial Statements and Exhibits. (a) Financial Statements of Businesses Acquired.
(b) Pro Forma Financial Information.
(c) Exhibits.
Exhibit Number Description
10.1 Agreement dated as of July 25, 2005 between Randy W. Betts and Ash Mascarenhas
Posts: 214 | From: PHILADELPHIA | Registered: Aug 2005
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Scottrade doesn't accept cash so I couldn't get any more today and then I see that it gapped up. It looks good! Cant wait to see what happens next....
Posts: 858 | Registered: Jul 2005
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i love reading other threads and watch people say the same thing about that stock as they did about icmh...or refer to icmh as doing bad. it tells a lot about people...
Posts: 2329 | From: MD | Registered: Jul 2005
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quote:Originally posted by mrgr8avill: GJ Nile Five * to you.
Nevada also has incredible tax incentives -- it's not just for crooks anymore:)
I agree. Didn't mention it cuz I just wanted the historical part to be known, but in all fairness....
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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do u think this will be taking its usuall afternoon dive, or is gona keep build up a strong base at .0020???
Posts: 214 | From: PHILADELPHIA | Registered: Aug 2005
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Beats the hell out of me, Shnak -- volume is way down so right now it looks like everybody who was gonna shake on lack of news has already done so. If the MM decide to take it down there may be some more loss taking, but if they don't, my guess is that things will hold steady with 5-10 points for the rest of the day.
Posts: 797 | From: Phoenix | Registered: Jul 2005
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To elaborate -- this is a total spec thing on upcoming news. Nile's stuff makes the news look enticing, but it is getting pushed and pushed and pushed. The is obviously enough confidence to hold the 15-20 level for now, but you are betting your current position on whether or not people will pull their bets before the news comes off.
If enough people get scared/pi$$ed/whatever, and pull their bets, then the short term position will drop. If the news isn't good enough to bring it back, then those who stay are the bagholders.
If people keep their bets in, then you get a free shot at seeing the flop (the news) when it comes out.
Right now, we are hoping on our pocket nines that
a) nobody raises preflop and b) we flop a pair of nines.
Posts: 797 | From: Phoenix | Registered: Jul 2005
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posted
WHLI up 5%, ICMH up 37%. How do the ship jumpers feel this morning?
-------------------- All of my posts are based on my opinion. My opinions are based on the info available to me at any given point in time. Do your own DD and see if you concur. Posts: 820 | From: Phoenix | Registered: Jul 2005
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posted
Then again, there could actually be another spec run today on that potentially positive news info. that Nile found out. Nile -- you could be responsible if it runs up a bit today...
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oh I hold Nile directly responsible, his DD and our pr of it is the reason why ICMH is sitting so nice now
Posts: 177 | From: Orlando | Registered: Aug 2005
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how could you not hold? im holding until the news even if it is 2-3 weeks...i doubt weak hands can bring this thing down
Posts: 2329 | From: MD | Registered: Jul 2005
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Great job nile... if this career in stock speculation doesnt work out, I'd definately say you have a career in espionage... 5 stars for you!
Question though... not trying to bring us down or anything but... How can you be sure?
Posts: 565 | From: War Eagle | Registered: Jun 2005
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posted
An interesting thing, VGCP is not exempt from financial reporting like ICMH is. Since all indications are that news will be released from all parties at the same time, I was looking for their previous news releases to see if it would affect the PR time window we have been using. It seems VGCP doesn't release news other than their financial reporting requirements.
-------------------- All of my posts are based on my opinion. My opinions are based on the info available to me at any given point in time. Do your own DD and see if you concur. Posts: 820 | From: Phoenix | Registered: Jul 2005
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jake no one can be sure...thats why you have to have your own view on these things...dont follow the leader
Posts: 2329 | From: MD | Registered: Jul 2005
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