ILCO is a Toronto corporation that is not listed on any Canadian exchange, not even the NEX. They have not filed a 10Q in 7 years. They were known as International Platinum and then went bankrupt. The company came back as International Precious Metals until 4-5-05 when they had another reverse split and became Innotelco. This was done so that they would have a higher price for the stock that they have been selling to unsuspecting investors for years. I believe that the majority of the trades today were actually selling by the company. They need to keep issuing shares to pay their wages and keep from going bankrupt again. This company has gone from being two different precious metal companies to telecom hardware? I believe that this stock is destined to the .0001 price again.
Thanks popeye , you have much valuable knowledge . Keep up the good work , people should be aware companies like this . I was had 6 years ago by a company such as this . salute...dan
TORONTO--(MARKET WIRE)--Jan 25, 2006 -- INNOTELCO, Inc. (Other OTC:ILCO.PK - News), a marketer and distributor of telecom hardware and network solutions, announces signing of an Exclusive Supplier Agreement with Fenghua Yuguang Electron Wire & Cable Manufacturing Co. Ltd. Innotelco and Fenghua Yuguang have signed a final agreement for Fenghua Yuguang to be the exclusive supplier of cable and cable products for Innotelco in the Southeastern Region of Europe. We believe that this agreement gives the company a better edge in developing business in the Balkan Region above our expectations. Innotelco has been able to negotiate suitable terms to meet the needs of the company and its clients and increase the profitability of our already signed contracts.
"Due to the signing of this agreement, I strongly believe that Fenghua Yuguang is the manufacturing company who can follow us and be part of our business plan and tender process for the future," said Ross Sehovic, CEO.
"The Southeastern European Region imports over half a billion euros of telecommunication equipment annually, and Innotelco has been successful in obtaining signed contracts. We at Fenghua Yuguang look forward to supplying them on these deals and to continue with our very beneficial relationship by working with Innotelco in any capacity to fulfill these contracts. We believe that Innotelco has received from us very advantageous terms and this will contribute to a durable business relationship," (Blank Zhang, Fenghua Yuguang).
About Fenghua Yuguang Electron Wire & Cable Manufacturing Co. Ltd.
The company manufactures cable products for the European, Middle East, and many other markets around the world. They have the technical ability to test products to quality standards manufactured in their factory.
The Fenghua Yuguang Electron Wire & Cable Manufacturing Co. Ltd. is located in Ningbo in the middle of China's coastline and in the south of Yangtze Delta. Ningbo is divided from Shanghai by the Hangzhou Bay and has grown into one of the four International deepwater harbours in China.
ILCO is a Toronto corporation it is not listed on any Canadian exchange, not even the NEX. They have not filed a 10Q in 7 years. They were known as International Platinum and then went bankrupt. The company came back as International Precious Metals until 4-5-05 when they had another reverse split and became Innotelco. This was done so that they would have a higher price for the stock that they have been selling to unsuspecting investors for years. I believe that the majority of the trades today were actually selling by the company. They need to keep issuing shares to pay their wages and keep from going bankrupt again. This company has gone from being two different precious metal companies to telecom hardware? I believe that this stock is destined to the .0001 price again.
Jan 20, 2006 (M2 PRESSWIRE via COMTEX) -- http://www.buyins.net, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold lists for 13 consecutive trading days: Innotelco, Inc. (OTC: ILCO), Winn-Dixie Stores, Inc. (OTC: WNDXQ). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to http://www.buyins.net/squeezetrigger.pdf.
Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. Regulation SHO mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
Innotelco, Inc. (OTC: ILCO) is a telecom hardware supplier, specializing in servicing emerging markets looking to expand their telecommunications networks. Innotelco products range from indoor and outdoor coaxial cables and accessories to fibre optics and switching equipment. With an undisclosed short position, the failure to deliver in shares of ILCO has not been resolved and a buy-in is possible.
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