TAPPANTOBY
11 years ago
Yep...Kick in the balls. Found some interesting facts about the defunct president Danielczyk...In 2002 he took Reli Communications into Chapter 7. In 2011 he was indicted by a Federal grand jury.
He never answered any of my emails or letters....No wonder.
For all you "dummies" who believed in INHC ,Chapter 7 was filed on Sept 4, 2013 in Nevada (I think Las Vegas)
Case 2:13 -bk-17583.
The lawyers claim assets of $50,000.00
The lawyers claim liabilities of $1,000,000. to $10,000,000.
186 creditors including the defunct president,telecom companies, state(s)taxes, diners club{s), CPA(s),and some names that look familiar,
INHC put the major blame on the US government cancelling ALL the contracts due to sequestration.
HeavyNight
12 years ago
I have been a holder of INHC for a while, they had legs late last year and now they have taken a crap in their PPS but I don't feel they are done!
So I am going to speculate here what I think should be done or may be happening, take it or leave it.
They are getting out and playing a P&D.
They need funds as they are looking for investments as they are in the hole and need capital to keep their doors open. This company makes a profit but the interest on the accumulated debt is killing them.
They may have something in the works and drumming up some interest, look for some news / PR, with this MOMO on 5 touts this one could have gone to a dime. I feel that military is picking up on it's spending and this company has a good track record with them, also see NEIK for a similar stock that has had some sudden recent sale volume after a long silence.
Current sell volume is day traders getting out, this may still hold until tomorrow, 5 touts on it, so lets see.
As always INHO