Good Morning ICNM shareholders,
As you likely know by now, Rob Deakin (CEO of ICNM) has scheduled an investor conference call for Tuesday, May 2nd, 2017 at 4:30 PM ET. We were told in the April Small Cap Voice interview that Rob intended to start these investor conference calls sometime around the beginning of 2017. Well, that time apparently is right now.
During the April interview, Rob commented “Our most important goal in 2017 is to file the Form 10 and become fully reporting.” So I think it is safe to say we are likely to hear something regarding this issue. Rob may tell us the audits are finally complete, and he is ready to file the form 10 --- that would be a good first step, but we don’t know for certain this will be announced. In my opinion, we will hear something about the audits if they are complete by Monday --- I would think an 8K would be filed.
Furthermore, Rob commented “As a result of this progress, we are getting aggressive in pursuing new business and also increasing our acquisition activity. Given the state of where we are as a Company and the wireless market as a whole, management and I are excited and optimistic about what lies ahead for Icon Media Holdings.”
Thus, I suspect it is also safe to say we are likely to hear something regarding this acquisition activity, and when Rob talks about getting aggressive in pursuing new business he must mean new contracts --- let us hope he talks about new contracts as well as existing business activity. Why else would he conduct such a call?
Remember, Rob did not promise specifics during the April interview. Instead, he only said he intended to start these conference calls as a way of keeping shareholders informed. However, it is difficult for me to imagine why a CEO would schedule such a call without having something worthwhile and important to say.
Many on this board have complained (incessantly) about the dilution taking place. I second this complaint, but recognize the only way most pink sheet startup companies can finance their growth after Dodd/Frank finance regulations is by selling shares. In my opinion, I suspect it is not ICNM that is selling the shares, but the effect is the same regardless. Rather, I suspect the finance company is selling the shares --- it is the way this company seems to operate.
Finally, since the question of dilution is at the tip of everyone’s tongue, I suspect we will hear what this dilution is for, and may even hear when it might end. I do not expect to hear anything more or for that matter anything less. However, Rob might talk about the industry as a whole, and how ICNM fits within this industry --- in my opinion, that would be a nice way to end the proceedings.
Have a great weekend all, and keep your excitement in check until after we know what Rob intends to tell us. Then you can rip loose with everything you have.
