1. A low float
2. Sitting near all time lows (bounce plays)
3.Upcoming catalysts
This formula proved once again to perfection on my FBEC pick. Which I gave you ample time to load up lots of shares in the .0022-.0028 area before it took off, and many followers locked in 200% + profits congrats to all.
I've got another pick that fits that mold very well,
I expect to make a nice move tomorrow and have heard "chatter" of a very popular group that is buying in this stock very very soon.
It has the sexiest ticker symbol in all of the OTC, and is well established in the very cutting edge, trending cloud based tech sector.
IWEB- www.iceweb.com
The company has a great website that has a lot of good info check it out. They describe themselves as a provider of wireless and fiber broadband service, co-location space and related services and the operator of a Network Access Point ("NAP") where customers directly interconnect with a network ecosystem of partners and customers. IceWEB also manufactures award-winning, high performance unified data storage appliances with IceWEB's proprietary IceSTORM(TM) storage management software, providing enterprise storage management capabilities at a fraction of the price of traditional providers. Through thin provisioning, target deduplication and inline compression, IceWEB's unified storage arrays enable standardization, consolidation and optimized storage utilization for virtual and cloud environments, saving up to 90% of storage costs, while reducing space, power and cooling requirements and simplifying storage management.
As of their most recent audited SEC filings they have over 1.2 million dollars in assets. Up over 500k from last september.
Here is one of the most recent PR's sounds very impressive.
KANSAS CITY, Mo., Mar 14, 2014 (BUSINESS WIRE) -- IceWEB, Inc. (OTC BB:IWEB; Graeme Gibson, Chief Technologist of IceWEB, Inc. today announced the launch of a major project to provide high capacity fiber and microwave service at the Kansas City International Airport ("KCI") maintenance base. The service will support Aviation Technical Services, Inc. -- (ATS). In late December, ATS announced it is locating an over 600,000 square-foot operation at the "Super Hanger" space near KCI Airport. The aviation maintenance company, which is based in Everett, Wash., plans on having 175 to 200 workers at the facility within the first 12 months of operation, with more than 500 working at the facility over the next three to five years.
Some of the overriding considerations for ATS were carrier diversity, low latency and the ability to service everything from one unified network. In addition the company plans both fiber and wireless operations at the facility, as well as a deploying a server room. Gibson explained, "Because ATS will be adding many jobs and network drops based on their growth projections, there was a need to establish services quickly, wireless can do that. As the company grows at this location we will eventually transition it to fiber. According to CTC Executive VP Larry Levin "CTC owns the KC NAP so we have the ability to put the same addresses and data on either pipe and provide true diversity of connection to as many as 27 potential carriers and private address space to cabinets at the data center itself".
According to ATS Representative J. Burgess "We are very pleased to have a company like CTC who can do highly complex projects like this on a short timeline. Their wireless technology can be deployed in days whereas fiber construction would take months. We need get to work now, with the confidence that when the fiber option is needed it will be ready. Then the wireless path will become a backup, insuring that we are always on-line and ready to serve our customers."
Gibson added "Service will initially be deployed from our offices at Oak Tower downtown over licensed microwave to the North Kansas City transmitters and then relayed by the revolutionary Ubiquity air Fiber(R) to the roof of the complex." This will allow the radio link to eventually scale up to 1.4 Gigabit service, although the initial deployment service will be slower." IceWEB's subsidiary CTC is one of the few companies that can provision fiber and wireless at comparable speeds," said Harold Compton, Sr., IceWEB, Inc. CEO.
The confirmed O/S as of last filing (march 31st) is 530 million http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9995492
The float I believe is much lower check out these insider buys (no selling at all) and look at the price of the purchase!!.
http://www.otcmarkets.com/stock/IWEB/insider-transactions
Also as of January of this year the company had a whopping 5200 shareholders! A very large amount for such a small company. Given the insiders ownership and the longs here that bought in well over a penny I think the float for the time being is very low.
Bottom Play
As far as bottom plays they don't get better than this.
As you can see this stock for the first two months of this year held well over a penny then had a huge fall RSI indicates it's oversold. Today we saw solid bid support at .002 to .0022 Which indicates to me that very likely the bottom of this massive drop is in. We also saw much higher then avg, volume with 90% buys. Leading me to say based on the chart alone loading in the .0022-.0027 area to have a very good risk/reward ratio.
Big Catalyst- Company was just acquired, and announced new hirings after hours today
While all the details and DD on what's going on here is not 100% clear. The company is now controlled by UnifiedOnline LLC
Check out this filing
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9995770
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
ICEWEB, INC.
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(Name of Issuer)
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Common Stock, $0.001 par value per share
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(Title of Class of Securities)
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451034201
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(CUSIP Number)
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William R. Carter, Jr.
Unified Online!, LLC
2515 McKinney Ave. #1000
Dallas, TX 75201
(214) 438–0750
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(Name, Address and Telephone Number of Person Authorized to
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Receive Notices and Communications)
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April 23, 2014
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(Date of Event Which Requires Filing of this Statement)
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If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. □
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER |
4,434,717,447*
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8 | SHARED VOTING POWER | |
0
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9 | SOLE DISPOSITIVE POWER | |
4,434,717,447*
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10 | SHARED DISPOSITIVE POWER | |
0
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*
UnifiedOnline! LLC owns 400,000 shares of Series AA Preferred Stock of the issuer, which are convertible on or after May 15, 2014 into such number shares of common stock of the issuer sufficient to provide UnifiedOnline! LLC, in aggregate, ninety percent of all shares of common stock of the issuer on a fully diluted basis, to the extent sufficient shares of common stock are authorized. The calculation of the foregoing number of shares and the percentage is based on 492,746,383 shares of common stock outstanding as of February 14, 2014 and 1,000,000,000 of shares of common stock authorized as reported in the issuer’s quarterly report on the Form 10-Q filed with the Securities and Exchange Commission on February 14, 2014, not giving effect to any outstanding warrants.
Item 1.
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Security and Issuer.
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This Schedule 13D relates to the common stock, $0.001 par value per share (the “Common Stock”) of Iceweb, Inc., a Delaware corporation, with its principal executive offices located at 22900 Shaw Road Suite 111 Sterling VA 20166 (“Iceweb”). Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable.
Item 2.
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Identity and Background.
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This statement is being filed by UnifiedOnline! LLC, Delaware limited liability company (“UnifiedOnline!”). The address of the principal business address for UnifiedOnline! is 2515 McKinney Ave. #1000, Dallas, TX 75201. UnifiedOnline! is engaged in IP monetization business. The sole member of UnifiedOnline! is William R. Carter, Jr. During the last five years, the member has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceedings was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Item 3.
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Source and Amount of Funds or Other Consideration.
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In consideration for four hundred thousand (400,000) shares of Series AA Preferred Stock, UnifiedOnline! (i) paid $16,753.80 in satisfaction of a contractual health insurance obligation of Iceweb, (ii) caused $99,332.87 to be paid on behalf of Iceweb to various vendors, and (iii) obtained the agreement of a certain lessor to temporarily forbear exercising non-payment default remedies. The funds were provided to UnifiedOnline! by UO! IP NC, LLC, a North Carolina limited liability company. UO! IP NC, LLC is ultimately owned and controlled by William R. Carter, Jr.
Item 4.
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Purpose of Transaction.
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On April 23, 2014, Iceweb authorized the creation of its Series AA Preferred Stock pursuant to the terms and conditions of that certain Certificate of Designations, Preferences and Rights and Limitations of Series AA Preferred Stock (the “Certificate of Designations”). The Certificate of Designations created four hundred thousand (400,000) shares of Series AA Preferred Stock. On April 23, 2014, Iceweb entered into a Subscription Agreement (the “Subscription Agreement”) with UnifiedOnline! pursuant to which UnifiedOnline! purchased four hundred thousand (400,000) shares of Series AA Preferred Stock of Iceweb.
The Certificate of Designations provides that on or after May 15, 2014, to the extent sufficient shares of Common Stock of Iceweb are authorized, the Series AA Preferred Stock is convertible into the shares of Iceweb’s fully diluted Common Stock of such number sufficient to provide the holders thereof, in the aggregate, ninety percent (90%) of all shares of Common Stock of Iceweb on a fully diluted basis. Thus, following conversion (if ever), UnifiedOnline! will hold ninety percent (90%) of all Common Stock of Iceweb.
UnifiedOnline! intends to convert its Series AA Preferred Stock into Common Stock. The purpose of the transaction reported above in this Item 4 is to exercise control over Iceweb. If UnifiedOnline! converts its Series AA Preferred Stock into Common Stock and there is sufficient number of shares of Common Stock authorized, UnifiedOnline! will hold 4,434,717,447 shares of Common Stock based on 492,746,383 shares of Common Stock outstanding as of February 14, 2014 and 1,000,000,000
shares of Common Stock authorized as reported by Iceweb in its quarterly report on the Form 10-Q Form 10-Q filed with the Securities and Exchange Commission on February 14, 2014, not giving effect to any outstanding warrants.
Item 5.
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Interest in Securities of the Issuer.
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(a)-(b)
As of the date of this filing, UnifiedOnline! owns four hundred thousand (400,000) shares of Series AA Preferred Stock, which constitute all of Iceweb’s Series AA Preferred Stock issued and outstanding and 39% of all issued and outstanding shares of Iceweb’s preferred stock. UnifiedOnline! maintains sole voting and investment power over these shares. The Series AA Preferred Stock owned by UnifiedOnline! is convertible on or after May 15, 2014 into such number shares of Common Stock sufficient to provide UnifiedOnline!, in aggregate, ninety percent of all shares of Common Stock on a fully diluted basis, to the extent sufficient shares of Common Stock are authorized. If UnifiedOnline! converts its Series AA Preferred Stock into Common Stock and there is sufficient number of shares of Common Stock authorized, UnifiedOnline! will hold 4,434,717,447 shares of Common Stock based on 492,746,383 shares of Common Stock outstanding as of February 14, 2014 and 1,000,000,000 shares of Common Stock authorized as reported by Iceweb in its quarterly report on the Form 10-Q Form 10-Q filed with the Securities and Exchange Commission on February 14, 2014, not giving effect to any outstanding warrants.
(c)
Except as disclosed in Item 4, UnifiedOnline! did not effect any transactions in shares of Iceweb during the past 60 days.
(d)
Not applicable.
(e)
Not applicable.
Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
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The information contained in Items 4 and 5 is incorporated by reference herein. Other than as described elsewhere in this statement, UnifiedOnline! has no understandings, arrangements, relationships or contracts relating to Iceweb’s securities which are required to be described hereunder.
Item 7.
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Material to Be Filed as Exhibits.
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Exhibit
Number
Description
10.1
Subscription Agreement by and between Iceweb, Inc. and UnifiedOnline! LLC, dated April 23, 2014, filed by Iceweb, Inc. with the Securities and Exchange Commission as Exhibit 10.1 to the Current Report on the Form 8-K on April 30, 2014 and incorporated by reference herein.
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: May 8, 2014
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UNIFIEDONLINE! LLC
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By: /s/ William R. Carter, Jr.
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Name: William R. Carter, Jr.
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Title: Sole Member
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8-k Filed After Hours announcing a new CFO with a very impressive track record including being the former VP of buisnnes Development for Sony Entertainment Pictures.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 21, 2014
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
On May 21, 2014 Mr. Mark B. Lucky, the Chief Financial Officer of IceWEB, Inc., resigned his position with our company effective May 31, 2014.
On May 22, 2014, pursuant to the terms of the agreement with Scale Finance, LLC described in Item 8.01 of this report, Ms. Ellen Sondee was appointed Chief Financial Officer of IceWEB, Inc. Biographical information for Ms. Sondee is as follows:
Ellen Sondee . Ms. Sondee, 48, has been a Chief Financial Officer and Director with Scale Finance, LLC since 2012. Based in Charlotte, North Carolina, Scale Finance, LLC provides integrated finance solutions, including chief financial officer and controller services. Prior to joining Scale Finance, LLC, from 2001 until 2008, Ms. Sondee was Chief Financial Officer of the Television Group of Lincoln Financial Media, a subsidiary of Lincoln Financial Media, where she was responsible for all finance and control functions, and from 2000 until 2001 she was Vice President of Business Development for Sony Pictures Entertainment, Motion Picture Group, where she was responsible for establishing a business development function. Prior to this position, from 1994 until 2000 she was Assistant Corporate Controller for Sony Pictures Entertainment where she was primarily responsible for strategic planning, budget and forecast development. From 1987 until 1994 Ms. Sondee was employed by Arthur Andersen, LLP, serving as both a Manager in the Consulting Division and an Audit Manager. Ms. Sondee received a B.A. in Economics and Business from the University of California at Los Angeles and an M.B.A. from The Anderson School, University of California at Los Angeles. A certified public accountant, she is also a member of the American Institute of Certified Public Accountants.
Ms. Sondee’s compensation for her services as our Chief Financial Officer will be paid to Scale Finance, LLC under the terms of our agreement with that entity. Ms. Sondee will providing services to us on a part-time basis.
Item 8.01 Other Events.
On May 22, 2014 we entered into a letter agreement with Scale Finance, LLC to provide CFO-level support focused on SEC reporting and general senior-level finance and accounting oversight and management. Under the terms of this agreement, Ms. Sondee is serving as our Chief Financial Officer and Scale Finance, LLC’s Managing Director, David Gilroy, is providing support and overseeing services for her functions as well as providing financial management and strategic advisory services to us as necessary. As compensation for these services, Ms. Sondee’s time will be billed at $135.00 per hour and Mr. Gilroy’s services will be provided to us at no additional cost. In the event we should elect to hire an employee of Scale Finance, LLC we are obligated to pay that firm a one-time fee equal to 30% of the agreed upon annualized salary, reduced by 2% for each month of the engagement to a base fee of 20%. We have indemnified Scale Finance, LLC and its officers, directors, agents and employees against certain liabilities.
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