$IGPK 70 Mil App Users / $7 Bil Rev Merger Possibly IncomingOTC:IGPK Has been on the hearts and minds of many OTC traders recently as it was apparently discovered to be doing a 1/1,000 R/S. I say apparently as it hasn't been confirmed yet by the company and many have raised suspicions on the "added" documents to the file that can be purchased from the Nevada SOS.
Apparently according to sources, 3 new pages that included the R/S verbiage was added to the NV file recently and anybody can add pages to the document so long as they identify as an officer of the company. I don't know how true that is, but it would make sense. Seeing that there are several dedicated bashers who have been trying their hardest for months to drop the stock, it wouldn't come as a surprise to me in this OTC sewer we take part in if one of them did just that.
Either way, if the R/S is in fact true it would take months for FINRA to approve and finalize it, so the "As soon as possible" verbiage won't be for several weeks at the absolute soonest, so there is plenty of time for this to break ATH into any major announcements that are coming up.
Also don't forget, if this was some ploy to drop the price, the company can remove the R/S off at any time, shooting the stock right back up past previous levels.
Speaking of which, on March 28th the company does have a meeting to announce the listing, which should see the stock start making major moves over the next few business days, as the solid DD connecting OTC:IGPK to a possible $7 Bil 70 Mil user App has been making the circles for weeks.
GL to all and happy trading! Here's to the next few weeks :-)
