Stockle - the stock oracle

Friday 9 October 2026 · Oil, gas and mining explorers, from their own disclosures

← All companies

IFCI INTERNATIONAL CORP.

6 story beats from 2009 to 2012

The story so far

The events that changed the company's story, in plain English, each written against everything known about the company at the time. The dot shows whether it was good, bad or neutral for shareholders.

shares on issue market cap (log scale)

201255.5m shares · US$208m market cap

  1. 16 Apr

    The FY2011 10-K confirmed the December 13, 2011 rename to IFCI International Corp. - the fourth name for this shell since 2007. Still $0 revenue on 55,500,000 shares outstanding, cumulative losses grew to $115,618, funded solely by officer/director loans, with the company now looking for "additional business opportunities" after the web-based savings-system plan also appears to have gone nowhere.

    annual report

    55.5m shUS$208m

2011

  1. 15 Apr

    The FY2010 10-K revealed the shell's full naming history: incorporated April 27, 2007 as Adicus Energy Corp., renamed Iron Head Mining Corp. that October, then The Connect Corp. in March 2009. The business plan had pivoted again, to "raising capital for the completion and launch of its web-based membership savings system"; shares outstanding had grown sharply to 55,500,000 (from 9,250,000, an increase not separately captured in this company's narrative filings), and cumulative losses since inception reached $74,244, with the auditor issuing a going-concern opinion.

    annual report

2010

  1. 14 June

    Michelle Pannoni resigned as President and Director effective June 11, 2010, leaving Ken Waters as the company's sole remaining officer and director.

    director officer appointment

  2. 15 Apr

    The FY2009 10-K showed $48,207 in expenses for the year on zero revenue; despite the company having no operating business beyond its abandoned mineral claim, its stock (ticker CNNC.OB) had run up from $0.10 in late 2008 to as high as $1.02 by year-end 2009, held by just 30 stockholders of record.

    annual report

2009

  1. 25 June

    Both Pannoni and CEO David Saltrelli resigned all positions effective June 22, 2009; the filing itself was signed by Ken Waters as the company's new President/CFO, though no separate filing in this company's SEC record discloses when or how Waters was appointed.

    director officer appointment

  2. 23 Apr

    Michelle Pannoni, whose background is in web-based marketing and member-based savings systems, was appointed Secretary/Treasurer/Vice President/Director on April 19, 2009; separately, the company had already renamed itself from Iron Head Mining Corporation to The Connect Corporation on March 17, 2009 - the first sign of a pivot away from mineral exploration.

    director officer appointment