Good Morning Traders!
I've found a beauty with all my favorite qualities IDNG
- Low Float- Extremely low float float, almost half of which is owned by insiders!
- Bottom Bouncer- The stock is holding by very strong support levels right above the 52 week low
- Strong Financials- The companies assets are more then double their liabilities and very little debt
- Off The Radar- The stock is off most radars and has not seen a lot of vol. recently
- Catalysts-The company is on the cusp of company restructure, new website, great innovative product
Super Low Float
Share Structure
| Market Value1 | $897,489 | a/o Aug 15, 2014 |
| Shares Outstanding | 345,188,164 | a/o Jun 10, 2014 |
| Float | Not Available |
| Authorized Shares | 375,000,000 | a/o Jun 10, 2014 |
The Nevada Gov't site also confirms the current amount of authorized shares.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=CBwSAwKRC3a4pW%252bE3xV7Sw%253d%253d&nt7=0 It is also key to note the Share structure has not changed in over two years (when they did a 5 for 1 forward split) they have never been increases to the A/S and never done a reverse split. This shows me management cares about the value of their shareholders. And there is a self serving interest for them to do so because insiders own almost half of all shares, and have recently been buying more.
Insider Ownership
This filing shows insiders own over 60% of the O/S 208 million shares and they have been buying more
And as you can see the companies last filing filed earlier this month they are adding more CEO bought another 19 million shares click link to see the filing
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10124435 so that means there's about 150 million shares out of the authorized that are in the public float! From the fact the CEO has been recently adding shares, hard to imagine insiders would be selling anytime soon especially when the stock is holding down here by all time lows.
Bottoms In-
The Level 2 shows very strong support in the low to mid .002's right above the 52 week low. You can see from the chart that we are headed back up after hitting solid support levels. Also notice on the chart the past massive quick one to two days this stock has had a few 200% days so far this year and looks do for another.
The stock has had very strong bid support on level 2 down here right above the 52 week low, and the chart shows how quick and easy this can move if you just add some volume. If we can spread awareness of this stock and bring the volume we should get moving easily.
Strong Assets/Liabilities-
As of their last financials
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10045214 The companies assets are $561,204 and the liabilities are $249,927 a stock in the .002's with a low float float to have their assets more then double their liabilities is very rare (if you know of any other companies like this please tell me!!!!)
Last month they paid off 100% of convertible debt..
The only loan is from an officer and is non-interest bearing..
Catalysts-
Now we get to the excitement the company is imminently going to have a a name change a brand spankin new website, and has exclusive licensing rights to a very innovative product which IDNG recently got FDA clearing for and expects to add more products to their line very soon. Please read very carefully this PR from two months ago it is very key here. I have underlined the main points.
Independence Energy Announces Name Change, FDA Clearance And U.S. Launch Of Non-Contact Thermometer
SEAL BEACH, Calif., July 2, 2014 /PRNewswire-iReach/ -- (OTC BB: IDNG)– Independence Energy Corp. ("Independence") announced today that its Thermofinder FS-700 Pro and FS-700 (retail version) non-contact infrared thermometer has received U.S. Food and Drug Administration ("FDA") clearance and is launching immediately its distribution in the United States. The FS-700 is currently being sold in Asian and European markets for both professional and retail markets. Independence has the exclusive distribution rights in North, Central and South America.
"We believe the FS-700 is superior to similar devices currently available in the market," said Howard Taylor, Independence Chairman and Chief Executive Officer. "The Thermofinder's exceptional accuracy coupled with consistent reliability and intelligent design, make it easy to use and understand. We believe these attributes will translate into mass market appeal," continued Taylor. Benefits of the FS-700 also include no cross contamination, ergonomic (one handed) operation, left or right hand use, attractive pricing, easier to use than oral or ear thermometers, built in memory and operates silently. The FS-700 is the first of several medical devices Independence expects to launch.
The Company is currently in production and awaiting delivery of units following the successful fulfillment and deployment of the sales team and has already begun the placement of additional units to satisfy follow-up orders.
The Company's manufacturing partners produce a broad range of high quality medical device products for use in the professional and home environment. The thermometry products as well the other products are FDA cleared and carry the CE certification with many other worldwide licenses.
The sales team is a proven group of medical device and supply professionals; with specific successful history in the professional and retail sales of next generation thermometry products.
To reflect the major progress achieved and as a next step in the continuance of the business plan of Independence, the Company also announces that it intends to change its name to Independence Health Corp., with the change taking effect as soon as all the filings necessary are approved.
Independence was incorporated in the State of Nevada. At its inception, Independence was an exploration stage company engaged in the acquisition, exploration and development of natural resource properties. Independence has initiated a program to divest its investments in oil and gas properties and direct its business efforts into the medical market. On March 31, 2014, Independence entered into an agreement to acquire the exclusive all of the assets of American Medical Distributors, LLC. Pursuant to the agreement, Independence has been granted the exclusive right to distribute in the Americas certain professional and consumer grade non-contact infrared thermometers known as the Thermofinder-700 Pro and FS-700 (retail version), including any and all future versions.
When this news hit the stock jumped like crazy as you can see on the chart. We expect the company to update us very soon on how the sales of the 700 Pro and the FS-700 are going as well as a new website at www.independancehealthcorp.com and updates on more medical products, as well as updates on the sale of their 500K plus in oil assets all this is expected to be coming very shortly.
Based on all the above I strongly feel anything down here in the low .003's is pure gold for a fun ride when we hear all the updates expected from the company
(as a side some of my recent picks have run hard before news comes, I always recommend people take profits when if a stock shoots up big (50-100%) no matter what even if we know news will come more so bear that in mind. If the stock makes a slow and steady move I will hold on but if it jumps up 100% prob a good idea to start taking profits)
It is important to re-state that IDNG has EXCLUSIVE rights to selling 700-pro and the FS-700 read well the 8-K filed for the licensing deal
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9899825
below are more links and info on the products IDNG is selling.
- No Contact No Virus No Probe Filter
- No Need to Wake a Sleeping Baby
- Fever Alarm
- User-frendly Function : Auto-off, 32 memories, sound-off
HuBDIC FS-700 Thermofinder-S Non-contact Infrared Thermometer for Baby and Adult
by Hubdic
Now being sold in U.S.A on amazon
http://www.amazon.com/gp/product/B00GOA0U0U/ref=cm_cr_ryp_prd_ttl_sol_0
Disclaimer: I am not compensated in any way shape or form for anything I write on this blog. I try my best to give you guys ideas to consider. I am not accredited investor or financial advisor please do your own DD yourself dont rely on me you could lose all your money etc etc etc, make your own decisions
