Stockle - the stock oracle

IFCI INTERNATIONAL CORP.

US:IFCI
No current share price held for this company.

Past year: ▲ 0%(6.00c – 6.00c USD)

Market cap
—
Shares on issue
—
Story beats
6 since 2009
Last event
16 Apr 2012

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

18 May 2012quarterly activities report▼ Bad

IFCI International Corp's Q1 2012 10-Q reported a $5,973 quarterly net loss, up slightly from $4,797 a year earlier, pushing its since-inception deficit to $121,591 - consistent with the "additional business opportunities" search disclosed in the FY2011 10-K, still with no operating business or revenue.

Discuss in chat

16 May 2012late filing notice▼ Bad

IFCI INTERNATIONAL CORP. notified the SEC that its quarterly report would be filed late.

Discuss in chat

16 Apr 2012annual report▼ BadMajor

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.

Discuss in chat

30 Mar 2012late filing notice▼ Bad

IFCI INTERNATIONAL CORP. notified the SEC that its annual report would be filed late.

Discuss in chat

17 Nov 2011quarterly activities report▼ Bad

The Connect Corp's Q3 2011 10-Q reported nine-month net losses of $24,384, up from $18,930 a year earlier, pushing its since-inception deficit to $98,628, still on zero revenue - filed two months before the company's next rename to IFCI International Corp.

Discuss in chat

14 Nov 2011late filing notice▼ Bad

IFCI INTERNATIONAL CORP. notified the SEC that its quarterly report would be filed late.

Discuss in chat

23 Sept 2011quarterly activities report● Neutral

A purely technical amendment to the Q2 2011 10-Q, filed only to attach the XBRL-formatted financial data (Exhibit 101) - no change to the reported figures or disclosures.

Discuss in chat

22 Aug 2011quarterly activities report▼ Bad

The Connect Corp's Q2 2011 10-Q reported six-month net losses of $15,897, up slightly from $14,188 a year earlier, pushing its since-inception deficit to $90,141 against negative working capital of $8,235.

Discuss in chat

15 Aug 2011late filing notice▼ Bad

IFCI INTERNATIONAL CORP. notified the SEC that its quarterly report would be filed late.

Discuss in chat

20 May 2011quarterly activities report▼ Bad

The Connect Corp's Q1 2011 10-Q reported a $4,797 quarterly net loss, down from $5,487 a year earlier, pushing its since-inception deficit to $79,041 - by now Ken Waters was the company's sole officer and director.

Discuss in chat

17 May 2011late filing notice▼ Bad

IFCI INTERNATIONAL CORP. notified the SEC that its quarterly report would be filed late.

Discuss in chat

15 Apr 2011annual report▼ BadMajor

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.

Discuss in chat

31 Mar 2011late filing notice▼ Bad

IFCI INTERNATIONAL CORP. notified the SEC that its annual report would be filed late.

Discuss in chat

18 Nov 2010quarterly activities report▼ Bad

The Connect Corp's Q3 2010 10-Q reported nine-month net losses of $18,930, down from $24,175 a year earlier, pushing its since-inception deficit to $67,163.

Discuss in chat

15 Nov 2010late filing notice▼ Bad

IFCI INTERNATIONAL CORP. notified the SEC that its quarterly report would be filed late.

Discuss in chat

16 Aug 2010quarterly activities report▼ Bad

The Connect Corp's Q2 2010 10-Q reported six-month net losses of $14,188, down from $20,083 a year earlier, pushing its since-inception deficit to $62,421.

Discuss in chat

14 June 2010director officer appointment▼ BadMajor

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

Discuss in chat

11 June 2010director officer appointment● Neutral

Dr. Lyn DaSylva resigned as Vice President, Treasurer, Secretary and Director effective June 7, 2010.

Discuss in chat

21 May 2010quarterly activities report▼ Bad

The Connect Corp's Q1 2010 10-Q reported a $5,487 quarterly net loss, down from $13,301 a year earlier, pushing its since-inception deficit to $53,720.

Discuss in chat

17 May 2010late filing notice▼ Bad

IFCI INTERNATIONAL CORP. notified the SEC that its quarterly report would be filed late.

Discuss in chat

15 Apr 2010annual report● NeutralMajor

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.

Discuss in chat

31 Mar 2010late filing notice▼ Bad

IFCI INTERNATIONAL CORP. notified the SEC that its annual report would be filed late.

Discuss in chat

30 Dec 2009director officer appointment● Neutral

A same-day 8-K/A restated the identical December 28, 2009 management changes reported the day before.

Discuss in chat

30 Dec 2009director officer appointment● Neutral

Ken Waters stepped down as President/CEO on December 28, 2009 (remaining a director); Michelle Pannoni returned as President/Director, and Dr. Lyn DaSylva was appointed Vice President, Treasurer, Secretary and Director.

Discuss in chat

13 Nov 2009quarterly activities report▼ Bad

The Connect Corp's Q3 2009 10-Q reported nine-month net losses of $24,175 (up from $19,846 a year earlier, though the Q3-only figure of $4,092 was actually down from $7,047), pushing its since-inception deficit to $46,771.

Discuss in chat

17 Sept 2009quarterly activities report▼ Bad

The Connect Corp's Q2 2009 10-Q reported six-month net losses of $20,083, up from $12,799 a year earlier, pushing its since-inception deficit to $42,679, still with zero revenue.

Discuss in chat

25 June 2009director officer appointment● NeutralMajor

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.

Discuss in chat

15 May 2009quarterly activities report▼ Bad

The Connect Corp's Q1 2009 10-Q, its first quarterly filing under the new name, showed a $13,301 net loss for the quarter (more than double the $5,619 a year earlier), pushing its since-inception deficit to $35,897.

Discuss in chat

23 Apr 2009director officer appointment● NeutralMajor

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.

Discuss in chat

20 Mar 2009annual report▼ Bad

The FY2008 10-K showed a $22,396 net loss for the year ($22,596 cumulative since the April 2007 inception), still $0 revenue, and 9,250,000 shares outstanding - purely an exploration-stage shell centered on the Keoni1 claim.

Discuss in chat