China Intelligence Information Systems Inc (PK) (IICN) News

Nice pop in volume for the first time today, in a while. Volume today = 166,806. Looks like people are beginning to notice this stock.

LIGLASS/IICN INDICATED THEY HAVE GREEN TECHNOLOGY FOR WASTE MANAGEMENT WITH WIDE IMPACT
https://www.otcmarkets.com/stock/IICN/news/China-Intelligence-Information-Systems-Inc-Informations-Update?id=320440
"We believe that if current market trends continue, waste treatment technology may become a central part of environmental policies in many countries and a key component of the so-called “circular economy.” In that respect, we are aware that the European Union has publicly stated it will ban landfills in the European Union by 2025 and, we have, over the past two years, focused our resources to understand if and how we may be able to commercially utilize certain technology to address and respond to changes in environmental policy and laws within the European Union and in other appropriate markets as well."

IICN earnings increase 100-fold in most recent quarter: Sept 30, 2022, 3rd quarter earnings were $450,000 compared to $4200 previously.

https://www.otcmarkets.com/otcapi/company/financial-report/351882/content

Correction: Earning went up X100 times since previously (not x10) -- I left out a zero!!!

Check out the latest earnings from IICN = They have increased their income 10 fold for the quarter ending Sept 30, 2022, released on Nov 15, 2022. This could be the start of an uptrend, followed by removal from shell status.

LIGLASS TRADING UPDATING ITS WEBSITE: liglasstrading.cz
Liglass Trading is the company that reverse-merged with IICN. The company is updating its website. In view of recent updates on Sept 12th, they consistently do new things that reflect a new future. Focus now is on waste-to-energy renewable recycling of energy. See my other posts for a summary http://liglasstrading.cz

IICN: Prime Mover in novel recyclable energy technology in Europe: "We believe that if current market trends continue, waste treatment technology may become a central part of environmental policies in many countries and a key component of the so-called “circular economy.” In that respect, we are aware that the European Union has publicly stated it will ban landfills in the European Union by 2025 and, we have, over the past two years, focused our resources to understand if and how we may be able to commercially utilize certain technology to address and respond to changes in environmental policy and laws within the European Union and in other appropriate markets as well."

https://www.otcmarkets.com/otcapi/company/financial-report/301718/content

https://www.otcmarkets.com/stock/IICN/news/China-Intelligence-Information-Systems-Inc-Informations-Update?id=320440

IICN: supplemental report today - details update on the direction of the company. In summary, they will be prime movers in an emerging area of recyclable energy where waste is converted into energy. The European Union has a 2025 deadline for this:
https://www.otcmarkets.com/otcapi/company/financial-report/301718/content

IICN is not on the list of OTC stocks that cannot be traded on the OTC platform from the end of Sept onwards. The PDF from TD-Ameritrade available via the link below, lists all the stocks disqualified from trading on the OTC due to lack of compliance (dated June 30, 2021) and IICN/China Intelligence Information systems is not on that list:
https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA101550.pdf

As of June 30, 2021, IICN became current with its financials, and since then it has also completed its 2nd quarter financial report ending June 2021.

IICN inherited its "Shell" status from the previous dormant company that it reverse-merged with. However, as IICN is reporting revenues each year, it will be a matter of time before it goes through the OTC process of removing the shell status. OTC has a fixed administrative protocol for companies to apply for their shell status to be removed. This could take time but is just a matter of protocol that has to be followed. In the meantime, we may hear news from IICN about new contracts that will generate new revenue in the future (see below post about Twitter account that states news announcement is coming shortly). That may potentially help the removal of its shell status. As a reminder, in 2017 Liglass Trading (IICN) announced on its web site that it was challenging the loss of the Kyrgyzstan contract. My bet is that they will either get back a similar contract with Kyrgyzstan or get some new contract with a different country. Either way, green energy solutions such as hydropower plants and solar power are bound to thrive in the current political climate, where climate change is on top of the international agenda.

2nd quarter financials have been re-posted on 8/3/21
https://backend.otcmarkets.com/otcapi/company/financial-report/293773/content
now awaiting follow up information about future plans

Latest quarter financials already out (within 4 weeks)!
https://sec.report/otc/financial-report/292723

Golden Cross, please see my post about the new IICN Twitter account today

New IICN Twitter Account
A new IICN Twitter account has been set up, it does appear official as it is connected to their OTC website, and promises to provide updates about activities in a few days.

IICN is now CURRENT status as of today. Pink Current, after Attorney letter filed on 7/14/2021 and all financials updated as of June 30, 2021. This is important as from Sept end 2021 stocks on OTC not reporting financials in a timely manner will not be allowed to be traded by brokers. Received emails from E*Trade and Ameritrade that they are not trading delinquent stocks as per SEC rule. So, this is solid news, as they will keep up with the June 30, 2021 quarter end financials as they have got this far.

Now Current

Yep, maybe sooner...

Attorney letter was re-posted yesterday. Comparing the two letters, it looks like they had made mistake with the date of the March 31, 2021 quarterly report. In the new letter this has been rectified. This may explain why the "Current" reporting status was not updated by OTC by the usual 1 week time line, and the "Yield Sign" was not removed. Now that the rectified letter has been returned to OTC, status should be updated by a week.

Rushydro can get their $37.5 M = From Russia!

Rushydro poured 37.5 Million US dollars into the Upper Naryn Cascade hydropower plants from 2012 to 2016, and then Kyrgyzstan cancelled thier contract because they had made no progress at all. IICN had offered to pay the 37.5 M to Rushydro in 2017 if they parted with their 50% in the HPP. Then it became a stalemate, and Rushydro took it to international artbitration. Now, after about 3 years of ding-dong, ping-pong, Rushydro dropped the suit against Kyrgyzstan and the Russian Government has offered to lend Kyrgyzstan the 37.5 M via sovereign debt. Of course, this means that Rushydro will get their 37.5 M back from Russia (as Kyrgyzstan may never have that much money to pay back the loan. Either way, IICN is benefiting from all this, as they no longer have an obligation to pay Rushydro.

Russia offers Kyrgyzstan to transfer its $37.5 million debt to RusHydro to sovereign debt

https://akipress.com/news:641720:Russia_offers_Kyrgyzstan_to_transfer_its_$37_5_million_debt_to_RusHydro_to_sovereign_debt/[/tag]

She's going to be a big runner from these levels. Hold tight! $$$

$IICN

I would think so in a few days...

IICN

"Current" status should come soon I presume, if the attorney letter has just been filed and all financials have been updated.

Attorney Letter with Respect to Current Information - Attorney Letter with Respect to Current Information
https://backend.otcmarkets.com/otcapi/company/financial-report/290116/content

Investor Quiz 2: How can Kyrgyzstan return RusHydro's $37 Million if they do not have any money, especially after the malicious route of the international economy by Madame Corona-2019?

Where does IICN/Liglass fit in?

https://m.akipress.com/news:634585:Kyrgyzstan_plans_to_return_money_to_RusHydro_for_Upper-Naryn_Cascade_Dams_through_new_investor/[url][/url][tag]insert-text-here[/tag]

Investor Quiz 1: 8 chains of 34 HPPs & Naryn Cascade - what is the importance to IICN?

https://akipress.com/news:615613:8_chains_of_34_hydropower_plants_can_be_built_on_Naryn_river/[url][/url][tag]insert-text-here[/tag]

8 chains of 34 hydropower plants can be built on Naryn river

What does this mean for IICN?

https://akipress.com/news:615613:8_chains_of_34_hydropower_plants_can_be_built_on_Naryn_river/[url][/url][tag]insert-text-here[/tag]

You are fake news.

Statement from Mr.Smelik – President of IICN and Liglass Trading s.r.o.



Dear shareholders and potential investors looking for opportunity to invest in our Company.

Recently I have been informed that there is twitter account acting as official IICN company twitter account, posting informations about company activities which might encourage activities in trading IICN stocks.



IICN and Liglass Trading do NOT have any social media platforms as of today. Only official channel for communication is our company website liglasstrading.cz

We do NOT post any informations related to company activites on twitter, facebook, investorshub etc.



Please report as fake any social platforms and do NOT perform any activities with your stock based on informations published on such platforms.



We are working very hard to protect our investments in IICN, Liglass Trading and others and all activities will be published when we are ready to publish them.



Regards



Michael Smelik

President of IICN.

I emailed the company on Sunday night and early this morning I saw a reply from them stating the Twitter account is 100% fake.

Soon they sent me the "Statement" from President Michael Smelik and requested me to post it on Investor Hub. They will see what other action they need to take.

Sincerely,
Primrose

Statement from Mr.Smelik – President of IICN and Liglass Trading s.r.o.

Dear shareholders and potential investors looking for opportunity to invest in our Company.

Recently I have been informed that there is twitter account acting as official IICN company twitter account, posting informations about company activities which might encourage activities in trading IICN stocks.

IICN and Liglass Trading do NOT have any social media platforms as of today. Only official channel for communication is our company website liglasstrading.cz

We do NOT post any informations related to company activities on twitter, facebook, investorshub etc.

Please report as fake any social platforms and do NOT perform any activities with your stock based on information published on such platforms.

We are working very hard to protect our investments in IICN, Liglass Trading and others and all activities will be published when we are ready to publish them.

Regards
Michael Smelik
President of IICN.

You speak to the company?

WARNING TO INVESTORS: IICN TWITTER IS FAKE ACCOUNT WITH FAKE NEWS:

insert-text-here

PLEASE BE INFORMED THAT THE COMPANY DOES NOT CONFIRM THAT THEY HAVE ANY TWITTER ACCOUNT OR SOCIAL MEDIA ACCOUNT. THE NEWS AS POSTED ON THE FAKE TWITTER ACCOUNT IS FAKE. THE COMPANY CONFIRMS THAT IT WILL NOT USE SOCIAL MEDIA TO COMMUNICATE ANY OFFICIAL NEWS ITEMS.

It is? How do you know? Please let us know..

This Twitter account is a fake account and the news is fake. Members creating fake Twitter accounts and posting fake news are reportable to the SEC for violations of stock manipulation.

IICN should build dams in Kyrgyzstan to help them with economic recovery: sell electricity to Afghanistan/Pakistan

[url][/url][tag]https://akipress.com/news:640580:After_coronavirus_lockdown,_130,000_citizens_to_return_to_work_on_May_1_in_Kyrgyzstan__PM/[/tag]

AKIPRESS.COM - 20 thousand business entities or 130,000 citizens of Kyrgyzstan will return to their jobs from May 1 as part of the first stage of resumption of economic activities in Kyrgyzstan after coronavirus lockdown, said Prime Minister Muhamedkaly Abilgaziyev at the parliament session on April 30...

How you doin..? $IICN waking up bro

GM guys! Never was able to get any shares here on the BID like I was trying to and now after doing some more DD over the weekend I decided not to buy any and pulled all my orders. Good luck with this one guys!

Gm

Good Morning $IICN

Getting shares no the BID is not easy here. No one is selling.

GM

Good Morning $IICN

Been keeping a close eye on it for updates

Will do

$IICN Twitter Check out China Intelligence Information Systems Inc. $IICN (@IICNChinaIntel): https://twitter.com/IICNChinaIntel?s=09

$IICN China Intelligence Information Systems, Inc.
Prague, We are working on updating our accounting and legal for filings with OTC Markets in the US. The Company will use this Twitter account for updates as we complete these filings. Thank you the shareholders for patience.

Once the news starts flowing and traders start finding her the BID & ASK will tighten. No worries about that. IICN is a real fast mover when volume hits. Loading down here and just waiting is how this one is best played.

Next leg coming

Not much left on the ask .. $IICN

It should