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There's really no point selling, I'm already down to the point there's not much left to lose. I'll tuck it away and hope someday it takes a turn. I'm thinking that's not likely.it
CEO David Shpilt deserves everything coming to him for the simple reason that he hasn't addressed us shareholders directly during his tenure to date or made a statement before or since the news of this CSE decision broke - the lack of communication and shareholder concern is outrageous and highly unacceptable.
It is quite simply red or black time. Do you panic sell to salvage any scraps or hang on and see if the man can turn this around?
Despite my feelings towards him as a CEO / leader based on his tenure to date, I have decided to hold on. I even bought more this morning in fact - time will tell if that was genius or madness.
GLTA investors. This one has been a dreadful ride these past 6 months (really since Shpilt took the reins in fact).
Well, I guess we should have seen this coming.
Lack of information should not be allowed by public companies because then all we have is speculation. Unfortunately, I am long ICC but here's my speculation regarding what is happening.
The following article mentions the Wayland Group. In some cases, getting mentioned is a good thing. But it's not a good thing here. I don't know if ICC is involved in any of the people involved in the Bridgemark scandal, but ICC was involved in Wayland and Wayland is identified by name in this article. The Bridgemark scandal is one of the reasons all Canadian pot stocks have been eviscerated in the past months. Big money evaporated, in my opinion, because of the stain caused by Bridgemark. The bleeding is still being investigated and, ICC seems to be getting slowly bled to death. I think the big money is identifying who is stained by this scandal by seeing who dies and who doesn't. Will ICC be stained? Or will it live on?
https://equity.guru/2019/08/08/abattis-bioceuticals-att-c-grift-building-several-years-regulators-couldnt-ignore-anymore/?fbclid=IwAR30S33J3QOFNE_5xZV98DqxklD---Ky4naLpO2Xxqi30UVT7aOqBYOjebI
I'm getting a bad feeling that investors will see a notice letting us all know of a RS coming. I've seen this before and I can feel it in my bones. This crap company is going to suck away shares and the SP will just continue to plummet even after the RS. If this does happen a law suit should be filed, especially due to the fact that they don't provide investors with any news. IMO.
High potential Cannabis company (Europe and beyond focused) but led by a complete incompetent in CEO David Shpilt. What an irresponsible loser 'leader' we are holding our investments against. I don't believe I and most other investors will ever get over their / his lack of communication. Continue forth with your quest to beat Frodo to the Fires of Mordor, David - Irresponsible / unaccountable c#nt of the highest caliber in my opinion. Next stop for him is likely prison if he he does not play this with a conscience and shareholder sensitivity.
CEO David Shpilt appears to be a spineless and irresponsible 'leader' this time of a public company and hiding in the dark scared of providing any updates on ICC or addressing any shareholder concerns. He deserves everything coming his way e.g. multiple class actions then jail. I hope he proves me and all other shareholders I know wrong very soon. Clock is ticking hard, David. Stand up and be a man, and accountable in your role.
Purchased my first shares 11/9/18 at .43 and averaged down over the course of the year to .24. Now the shares are worth .02. Lol, wow, swing and a miss on this one.
Doesn't surprise me. under .01 soon. Disgusting company. Too far gone to sell now, so I will have to ride it out and hope that something glorious happens down the road.
It’s gonna get worse, ICC just lost the Wayland assets sale
I am finally done... sold everything ... have to move on .. made up 20% of what I lost in AGRX the past 2 days ... there is a song called “5 minutes alone” ... ICC Management deserves what is coming given the way they run this business... and it is not good... they are a “stain” now....you Investor’s.... certainly deserve(d) better
what is with this piece of shit? if we ran our businesses like this we'd be tits-up in 6mths.
Yeah... suddenly several houses are reporting how “disappointed” they are or “we are taken back by recent and ongoing circumstances” ... wonderful!! ... and of course nothing from the company, crickets as usual ... hey, ICC... stand up, be respectable and let us know what’s going on .... and let us, the investor decide to stay or go
I think we're all in the same boat. It would cost very little to average way down at this point but feels like throwing money away. Some news or guidance from the company might aleviate, or verify, our concerns.
The service that initially recommended this turd to me came out last week and made a recommendation to sell so we are either at the bottom or going to 0. Not sure why they would recommend to sell at these prices, the downside is certainly limited :). I am holding but too scared to add to my sizable position. Good luck everyone.
At this point what can you do? The storm is raging and we are all lashed to the wheel... only bright point is that we are all most likely avg’d down to the extent that we can tolerate and are standing strong waiting for a “horizonal” event
Yes, it's sad that they can allow people to invest and not update them once in a while. I have many shares and have watched the value dwindle to almost nothing and no news or updates. .02 on it's way. Congrats to this company for being a turd.
CEO David Shpilt’s silence is despicable. Zero care for shareholder concerns or confidence. Don’t tell me he hasn’t the time to make a statement either.
Extremely quite. Even the board compared to others. Something , anything for the investors would be great. Extreme patience is required here.
No news can be good news ... but for a company that had announced so much happening / portfolio wise this past year and months ... now nothing ... with all the moving pieces in play, it is hard to believe that there is or has been nothing to say or update the Investor’s and market base ... my gosh, I checked ... and last info confirmed the site did not burn to the ground and there is no evidence legal issues.. real head scratcher... true weirdness .... hopefully they will break the silence soon with regard to their ghost machine operating way existence lately
I don't believe we have made a bad investment. We have made a very long term investment. Just that once you are in the cellar it is extremely hard to climb back out. Once the US get's the MJ issue's all settled then we will see movement. The US has a habit of wanting to dominate or control everything in the world. Just in their nature. But once that is settled they will be looking for the rest of the world.
So hang onto those shares.
GLTA
my first purchase was 11 months ago at 36 cents, the stock is now at around 4 cents. Thru some trading (sell/buy) I have been able to get my avg down to 11 cents, and look I am still under water.
From the filings in SEDAR I see they just had a filing on another raise for around $1.9 mill US, so there is no shortage in their raising money. I see the terms being a 15% discount on the share price which is very reasonable, but the problem is that the share price is so low right now. Previously when it was trading around a 25 to 50 cents it was much more reasonable.
"Subject to adjustment, the holders of the Debentures, at any time, may convert all or any part of the Principal Amount outstanding under the Debentures into common shares of the Company (each, a “Conversion Share”) at a conversion price based on a 15% discount of the shares calculated by using the volume weighted average closing share price of the Company on the 30 days prior to receiving notice of conversion from the holders of the Debentures.
All securities issued pursuant to the Offering are subject to a statutory four-month and one day hold period from the date of issuance pursuant to applicable securities laws of Canada. Proceeds from the Offering will be used for general working capital to continue the Company’s ongoing obligations."
From the MD&A 3 months ending May 31,2019 which is the latest filing, they list the following, with a subsequent events share count of 705 million shares, giving around $70 mill valuation at that time at a dime/share.
Outstanding Share Data
As at the date of this document, July 29, 2019, the Company had the following number of securities outstanding:
• 705,205,955 common shares issued and outstanding
• 65,510,811 options outstanding
• 58,245,752 warrants outstanding
Assuming a share count not too much higher than July 29, we're now valued between $25 - $30 mill. Just to get the share price back to a dime would put the valuation back to that $70 - 75 mill, that's steep for a company at this stage.
In summary, I'd like to see the company stop buying assets and start monetizing them, and maybe they are starting that transition, hence why we haven't gotten news on new ventures.
Lol, that’s a good one...
I went into this knowing it would be a long play...I did not expect them to be so HORRIBLE at communication...frightening how little is coming out...other than that, yes, I’m waiting for the Reno to finish.
Face facts, we've all made a bad investment. This company seemingly was doing a lot and made everyone feel like it was a rising star. It was not, is not and probably will never be. If your company isn't worth more than .03 then your doing something wrong besides not keeping shareholders informed, which is shady all by itself. I have no choice but to hold. At this point if I lose it all, oh well - it's already just about there.
Hope is all I have left for his one.
Here is my analogy:
You have a house that is valued at $1,000,000. You decide to rent it out on Air BnB. You need to make some improvements so you take out a second mortgage for $500,000 and make your improvements. The net equity of the house is now $500,000.
This is where ICC is currently...remodeling.
Now you rent the house for $10,000/ month.and have a revenue stream.
Is the net equity of the house still only $500,000? Yes to the bank, No to the owner.
Then the owner starts to pay off the second mortgage and bingo the equity starts to increase.
When the revenue starts to show up that is when ICC value will improve.
The question everyone has to ask themselves is, do I want to wait for the renovations to be finished and the revenue stream to start.
Thank You.
Spell check is a bitch isn't it?
I get it. They bought things with the money they raised. And the money they raised diluted the share price. Because there are more shares now, and the market cap hasn't changed much, the shares are worth less. It's like cutting a pie into smaller and smaller pieces.
Oh, and you spelled righteous wrong.
Yes I came in as a long as well. This is a very quiet board compared to some of the other's I am on. Have it tucked away in the 5yr portfolio. Came across ICC when I was looking for a company with a large exposure to the world market other than just CDN & US stocks. Finally narrowed it down to ICC for it's potential. Right now all the focus seems to be on the US. Safe Banking Act / Vaping / Federal legislation when it comes to getting it off the DEA schedule 1 list. etc. etc. I do believe that once it is all settled in the US this is 1 stock that is well positioned for the world markets.
Just not sure if this CEO can take us there or not. Comes off as a European strip club owner or the likes.
Can't we all just get a long?!?!?
Obviously this is a very low interest room, so why don't we give it a BIG GROUP HUG...and try to share any real info & insight as there is so little coming from the Head Office!
I bought in, as I trusted a Tip from a friend...and it was a "this is a long play" tip...so I am all in for the LONG.
Personally, a little frustrated in the lack of info coming from anyone from ICC, other than that horrible interview...
LOL, in my humble opinion.
Calm down! Hah now that's funny, thanks.
Facts are facts but half truths that are meant to obfuscate are just as bad as lies.
When someone makes a blanket statement as you did (which I have no problem with) it makes me ask why and what wasn't said and why.
I was just amplifying your statement to point out that yes they raised money but I didn't stop there. I was trying to point out that one must look deeper into why they raised the money.
Sorry if I have offended you.
This is a penny stock. One should not have a relationship with a penny stock.
Don't invest what you can't afford to lose.
IThis is a two year play....for me.
This is all in my most unhumble self-righheous opinion.
(Saved you the time)
Calm down, Vino. Just trying to point out why the share price has dropped so dramatically. Sounds like you may have a personal relationship with this stock, I wish you both the best of luck.
Nothing humble based on your self-righteous posts.
And what did they do with the cash received from the sale of shares?
Did they invest it into more assets?
This is not a get rich quick stock, it is a 2 year play.
If your patience isn't strong enough Sell and move on, no one is holding you hostage if you don't sell.
My recommendation is don't look back as you might be disappointed in a couple of years.
All just my opinion humble or otherwise.
Isn't the drop in share price relative to the increase in outstanding shares? The market cap hasn't changed that much as outstanding shares have gone up substantially.
I'm a shareholder,
No!
It must be nice to know exactly what every one of the thousands of shareholders feel.
Maybe they got tired of talking to disgruntled shareholders whom don't have the patience to let the plans in place develop.
This is a penny stock. You should expect it to decline just like most other penny stocks.
If you can't stand the heat get out of the kitchen.
If after the first quarter report is out and it doesn't show promise I will close out my position and move on. Price of the stock for me will be unimportant at that point.
Who are you again? Do you work for ICC? Don't undermine what everyone (but you apparently) is feeling towards ICC leadership given the obscene decline in PPS these past few months. We are all aware of the sector decline but what puts ICC so in question is the fact that one cannot seem to get hold of ICC by any means and there is zero effort to address shareholder concerns. All very shady.
Boy I hope he is not wasting his time reading posts on a message board all day.
CEO David Shpilt and team, if you're reading this and you certainly should be reading InvestorsHub regularly, your biggest mistake that is visible to, and felt by, your shareholders is your TOTAL STANCE OF SILENCE - you appear to be sinking this ship without care or explanation at our expense (mainly). The fact that we do not hear anything from you addressing shareholder concern and the fact that we cannot reach anyone meaningful from your ICC organization indicates that you are shady. I hope I am wrong and invite your response. Now is the time to man up and act like a CEO. We are listening with open ears to what you have to say. Children's college funds and plenty of other precious funds are no doubt involved so please stand up and make it count.
CEO David Shpilt and team, are you straight-shooters or scamming criminals? If it turns out you are the latter, may you never sleep well in your beds again. And they will be coming for you. Mark my words.
thanks for your response...very frustrating times but pointless to sell now. too bad management cannot be forthcoming with updates or insight, but that's the peril of the game!
You are absolutely correct. I was just looking for your previous response to reply to Iwantitallrigthnow
Correct me if I'm wrong Northof60 but I believe he was referring to my response to a question of when were we going to see profits. I responded April which would be the annual report...NOT harvest. This is the first year after legalization so first harvest with revenue. Some may show up at the end of the 3rd Q but I don't look for significant numbers until April. Even better should be the 1q in the middle of May just 45 days latter.We may see some bumps here and there for news like the banking bill in USA is passed. The whole sector should get a bump on that if it passes before April/May. Until then we will be under bear attack.
All this is just my opinion of why we don't see revenues and the price sagging.
Post 730/731
You say “I was told”...can you expand? Where / who does this info come from and is it credible? This is not looking good...
We are averaged at .0619
I'm down to 17. I may average down again if we hit .01. Until then, just keep holding the bag.
Oh wow. .24 yes I would say you are stuck for now. I was told April for harvest.
Exactly, we're all stuck aboard this stinking sinking ship. I averaged down to .24 and then had to stop. At some point it makes no sense to average down anymore. Waste of money.
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KNHBFissued & outstanding: 166,949,108company website: https://intlcannabiscorp.com/cse listing: https://thecse.com/en/listings/life-sciences/icc-international-cannabis-corpotc listing: https://www.otcmarkets.com/stock/KNHBF/overviewsedar filings: https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00025416KNHBFissued & outstanding: 166,949,108company website: https://intlcannabiscorp.com/cse listing: https://thecse.com/en/listings/life-sciences/icc-international-cannabis-corpotc listing: https://www.otcmarkets.com/stock/KNHBF/overviewsedar filings: https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00025416 |
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