posted
just picked some up! This one looks great..Kodak to buy $10 million in shares...this will be huge...that alone should take this to atleast .20!
was .30 about a month ago
here is the news:
Kodiak Capital Inks Agreement for Purchase of up to $10 Million of INCCE Nonconvertible Preferred Stock
SARASOTA, FL and NEW YORK, NY, Apr 26, 2010 (MARKETWIRE via COMTEX) -- International Consolidated Companies, Inc. (OTCBB: INCCE) today announced that the Company has entered into a nonconvertible preferred stock purchase agreement with Kodiak Capital Group, LLC ("Kodiak"), a Delaware limited liability company. Pursuant to the purchase agreement, the Company will receive up to $10 million in capital over the next 12-months.
The Company agreed to sell up to 1000 shares of its Series B Nonconvertible Preferred Stock, in one or more tranches from time to time. The tranches will be sold at the Company's sole discretion, at a purchase price of $10,000 per share, for an aggregate issue price of up to $10 million. With each tranche, Kodiak will also receive five-year warrants to purchase shares of the Company's common stock. The exercise price of the warrants will equal the closing bid price of the Company's common stock on the date the Company provides notice of a tranche to Kodiak.
"We believe INCCE has solid potential and are pleased to have the opportunity to assist in funding the company's future while providing an investment opportunity for our group," said Charles DeVerna, Director of Business Development, Kodiak Capital Group LLC.
Funding under the agreement with Kodiak is subject to the satisfaction of a number of conditions, including the effectiveness of a registration statement that the Company will file with the Securities and Exchange Commission relating to the common stock that Kodiak may purchase under the warrants.
"We are pleased to secure a financing source that will support the Company's continued growth," commented Antonio F. Uccello III, CEO and Chairman of the Company. "The flexibility of this committed financing will improve the Company's ability to achieve critical milestones as we continue to assess and acquire complementary businesses."
About International Consolidated Companies, Inc.
International Consolidated Companies, Inc. (www.INCC.us) is a publicly traded company listed under the symbol 'INCCE'. INCCE's focus is on acquiring and operating businesses that enhance and expand their Business Process Services (BPS) offerings. 1 2 1 Direct Response (www.121directresponse.com) is a wholly-owned subsidiary of INCCE offering full-service direct response consulting, idea development, and campaign execution organization. With over 600 employees and outbound and inbound contact center stations; a full-service direct mail design, printing, fulfillment, and mailing facility; and direct response expertise in nonprofit and commercial direct marketing, 1 2 1 provides its clients with turnkey direct response service.
About Kodiak Capital Group, LLC:
Kodiak Capital Group, LLC is engaged in assisting growth companies in all facets of their long term strategy by providing capital and progressive business solutions. Kodiak manages a portfolio of investments in public and private equities. Founded in 2009, Kodiak has transacted in excess of $250 million in financing for companies across a multitude of industries, including biotechnology, business services, consumer products, defense, healthcare, Internet, manufacturing, medical devices, natural resources, oil and gas, renewable energy and wireless communications. Headquartered in New York City; Kodiak has assisted companies throughout North America and Australia.
Except for historical information contained herein, this document contains forward-looking statements within the meaning of Section 21-E of the Securities Exchange Act of 1934. These statements involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's annual reports on Form 10-K and its quarterly reports on Form 10-Q both as filed with the Securities and Exchange Commission, which include the Company's cash flow difficulties and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in the Company's filings with the Securities and Exchange Commission.
SOURCE: International Consolidated Companies, Inc.
CONTACT: mailto:rich@prmgt.com
Copyright 2010 Marketwire, Inc., All rights reserved.
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Posts: 1264 | Registered: Jul 2009
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posted
back down to .012 on ask...still up 85% on 1 mil vol which includes buys and sells...kodak alone according to todays press release is buying $10 mil in shares which is 835 mil shares...835 times as much volume as today and all buys...just imagine if this is up 85% on 1 mil volume which includes buys and sells...what with 835 mil vol in all buys do to this stock??? plus its a bottom player was at .30 in jan...should go way passed that when kodak starts its buying
Posts: 1264 | Registered: Jul 2009
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posted
not sure, i have had messages similar to that when i try to buy with etrade. Some stocks i guess the broker requires you to call in. With this i can buy on the internet but any pink exchange stock i have to buy through phone with etrade. Every broker is different...its messed up lol
Posts: 1264 | Registered: Jul 2009
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posted
nice 50k share buy, this will be huge!! KODIAK going to buy 850 mil shares, so far only 1 mil shares traded and this up over 100%...when 850 mil shares go through this will be buck...check out level 2 1 at .012 then 1 at .06 then 1 at .24 then 1 at $1.01 this is sooo thin and should really run when kodiak buys its 850 MILLION SHARES!!
Posts: 1264 | Registered: Jul 2009
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posted
yeah it was a very ****ty close, i got alot at .01 and some more at .012...but i am sure we are going way higher...i will even buy more if i see its going up
Posts: 1264 | Registered: Jul 2009
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posted
Not Kodak , Kodiak Capital Group. But either way, it looks pretty juicy Blueberry, I might have to jump in for a few too>
Posts: 77 | Registered: Jan 2010
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posted
not sure if that number is correct, but if appx 1 mil shares can move this over 150%(at one time) then yeah maybe. just imagine what 850 mil shares of all buys could do to this guy! when kodiak starts this thing will get way passed .30(which it was in january) this should be HUGE imo...holding all and adding. should be an amazing run imo
Posts: 1264 | Registered: Jul 2009
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posted
.02 on ask in pre-market! This should be the biggest running stock this week imo...appx 850 mil shares going to be bought buy the kodiak group...check out the level 2 on this one, very thin..and bottom player, was .30 in jan...should get way passed this with the 850 mil shares of all buys
Posts: 1264 | Registered: Jul 2009
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posted
has a bid of over 130% over yesterdays closing price on just 181k vol...KODIAK GROP is buying apppx 850 million shares...guesss whats going to happen to this stock...THIS IS HUGE..was at .30 in january
Posts: 1264 | Registered: Jul 2009
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posted
.0218 getting hit...getting out all the weak holders here...leaving in only the ones who are waiting for kodiak to buy...after this last mm its showing .23...up about 200% on only 250k vol..the 850 mil should be real exciting
Posts: 1264 | Registered: Jul 2009
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