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Alias Born | 04/26/2013 |
Wednesday, September 02, 2015 8:15:36 AM
ICPI has been raping shareholders here for way too long, buying stock at a fraction of where it sells stock (via the Preferred A). Just read the SEC filings, and the scheme is very clear.
The CEO of this company is nothing but a puppet to ICPI. He will say whatever he needs to say to keep this stock up to avoid more massive dilution. He makes promises that he can't deliver upon, like timely filings or closing Colorado. For those who don't believe that the dilution is massive, just review the last 4 quarterly filings and look at the share-count. It is as plain as day, and it comes not only from the converts but from the ICPI preferreds. There are a boat-load of converts due with in the next year, many before year-end. Only clown companies finance themselves with multiple lenders like this one has done. It almost guarantees another sheet-storm of conversions at the same time in the next few months.
If you don't like my posts, don't read them. If you think only those who agree with you should post, then start your own message board. My conclusions are my opinion only, based on what I believe to be true. I have no crystal ball.
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