Accumulating
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9 million divided by all the shares = .0036
Clearly that's not how it works but I think that should give everybody an idea of some of the value to come.
The share structure really isn't that bad and this hasn't reversed split in over 3 years. Garth has updated shareholders since then so I don't know where you're coming from with your frustration? Truth is Garth has said this has been repressed since 2011 and has taken Canwealth public for shareholders and that's what people are excited about. Now it's fine to think this running to pennies is bogus but do you really think this is worth trip zeros? Most don't and are holding & waiting for profits to be realized.
I value this at .0036 myself based on Canwealth alone.
That's because the cheapies have dried up. If .0002 could be had volume will be flowing but soon the .0004's will run out.
I took your advice on Tuesday Rhinegold and locked my shares in at a higher price $1. Today I'm anxious to see this tick up, but I won't be selling at .0005 or .0006 if the chance comes. In the last 30 trades of yesterday I only spotted 1 trade that went at .0003 and it was for 223,667 shares. Interestingly today has opened at .0003 but it's 2,350,000 shares total and some of those were purchased at .0004. I think good job to whoever got those at .0003, but with high expectations and buying at .0004 I expect this to get locked up and loaded soon. I don't know if we're going to close higher but 110,000,000 shares traded Tuesday, 64,000,000 Wednesday, 36,000,000 yesterday, and now I'm expecting less volume today but maybe it will take off with news, or maybe people will wiggle free more shares at .0003... As soon as the symbol is announced I expect an instant gain but it's going to be exciting to see how things truly play out. Anyways best of luck to all of us holding, and do yourself a favor and try to enjoy the ride! Go ICBT!
Thanks for appreciating my efforts; they've been a long time coming to deaf ears, but I feel that people are now listening and things are turning in our favor? Personally I'm very excited about the recent accumulation because this is now in stronger hands that are going to let it grow!
Also, thanks Levels for the credit in the other post, but keep reposting evidence that supports us shareholders freely. There have been so many post on here lately that sometimes the good stuff gets missed, so let's keep speaking the good we know until it sinks in?
Personally I would LOVE to see a buy-back, but that is pure speculation at this point, that would be so awesome and such a sweet way to silence the bashers waiting on a reverse split. Like I said though, that is speculation but an idea someone should run by Garth, but since we're all so into facts over opinions tonight, feel free to re-read the S-1 and the companies intentions from the company (don't just rely on words from posters)?
Also one of you Moderators should sticky the financials?
Here is link to the S-1 for everybody to read... So if you're lazy and it's too hard to do your own DD than don't worry, Here's the S-1 filed with the SEC on November 26th, 2013:
http://www.nasdaq.com/markets/ipos/filing.ashx?filingid=9203760
If you did any DD of your own you would know that the mining expertise and samples were conducted by AGAT Laboratories? Sure you'll dismiss them too, but if you care to do an independent google search you'll see that they are a third party Laboratory that specializes in this sector. Thus Garth hired them to confirm the results found by the Canadian gov when they surveyed the properties back in 2006. And for the record, the 11 billion valuation at Shadow Mountain isn't Garth's guesstimation, it was a number concluded by the 3rd party lab based off the samples from the sites.
Also, I'm certain you didn't read the S-1, if you did you would know that once Canwealth goes public they are going to hire and introduce a new board of directors and also lay out a plan for the different mines and even rank them in the order of their priority. So far though, most of the work like auditing; geological samples; claim purchasing; etc have been done by hired hands. Complain though if you must but the company has documented spending over $70,000 on Canwealth, so say it's not real but I remind you that the market cap of ICBT is $384,758. So you can say what you want, but we are talking about a company with a book value under a half a million that's trying to be a player in the rare earth metal sector, this is a company with enormous plans as well as an interim financial report that shows $4,280,827 in assets. Therefore, argue that the DD posted here is just news clips and opinions but those are just your opinions. I will argue you are not reading the DD and just reading a copy of a post that I made about PR's. Bashers here are claiming the PR's are BS and lies, I however have posted PR's in order and if you look at them you'll see that they tell a story and that thus far the company has been keeping up with what they've PR'd.
They got involved with Canwealth, paid for company expenses and work, looked for a shale to take Canwealth public, found a shale and begain the look filing process, they then reverse merged it, kicked out the ex-president for competing, got cleared by the SEC, and are now waiting on their symbol and trying to publicly trade their subsidy.
Honestly, I don't know why people hate so much on this trip zero play; it's like even if you don't think they can bring their mines into production, don't you think the companies interim financials will be realized? Don't you think some of the 15 million put up for Canwealth will be reflected? Guess not. You however have gave your opinion, I have supported all of my opinions with evidence; you claim that the IPO money will stay with Canwealth and Garth, but you fail to realize: Garth is the biggest shareholder of ICBT. So when shareholders are rewarded obviously Garth will be happy, that's his incentive as CEO?
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=98744
BuyBio that does help. So far I'm seeing 6 trades today with 2 coming in at .0003 the 1st being the 1 share (I guess is from yesterday) and the 2nd being 100 share buy at .0003. With that being the case those millions of shares exchanged have been at .0004, so I agree that we're closer to .0005 and up!
I think you're right that we can expect accumulation to continue; more and more people are believing in ICBT and buying into the enormous future of Canwealth; we'll see what comes.
Right on the open without a second to pass. Somebody wanted it at .0003 to start? The 100,000 at .0004 traded 9 seconds after. Looks like more volume is coming in but I don't have the trades on this site I'm using yet.
$0.0003 1 OTO 09:30:00
No slapping yet. The day opened with an order of 1 share at .0003 (yes 1 share). After that somebody made a 100,000 buy at .0004 and nothing else has happened. My guess is people are targeting and hoping for .0003, heck probably even .0002 and they did see a trade at .0003 but it was only a 1 share trade. Why should anyone sell right now unless they make a satisfying profit? We all have the temptation of holding till news no matter how good things get. Question is will this keep ticking up or will it go sideways at .0004 or even down? Today will say today's story but regardless I like where we're at compared to last week, and I see the direction this is ticking and am happy with the movement.
That's the thing, you choose to believe the company when they say they have an enormous future, or you believe the guy's who were here before you that were telling me I made a bad investment at .0002 and then 0001 years ago (2011-2012). Sure I've had to wait and they're right about that, but I can't tell you about many plays that I made over 100% on; I am up well over 100% right now on this one though so I don't mind the wait. Also, for those of you wondering, the share breakdown for Canwealth should be 65,000,000. I had the S-1 and all filings stickied, that way any new investor would have that at the very top to evaluate for themselves, but somebody got me removed as a moderator and now I don't want the headache anymore; it's a shame though because I had all the filings from the company at your disposal, not my opinions but ALL the filings from the company, now we're left with stickies showing us the R/S history that happened before the current direction. Anyways, take a look at these old PR links and decide for yourself if they're moving forward or pulling our chain; I personally am like most of you, but I've been here longer and do incredible DD which in part is why I believe in the enormous future; like Dollabillz said, to each his own.
Old posters who are still here mad probably bought in before this PR and are fed up seeing new investors thinking they've found a golden ticket (look at the chart and you can see how much some are stuck:
http://ih.advfn.com/p.php?pid=nmona&article=50371045
After that update to shareholders pps was pretty much .0002 for the company and then they began acquiring claims to boost their 51% acquisition. They did core drilling and began considering how to move this forward; although facts will show they lost some claims (I'm not denying that) but they reclaimed them, others they couldn't reclaim because they got rezoned by the gov:
http://ih.advfn.com/p.php?pid=nmona&article=51948370
Canwealth then looked for a company to merge with to take their business (subsidy) further:
http://ih.advfn.com/p.php?pid=nmona&article=52249718
They then found a shale willing to sell for 13% future stake and they agreed upon a deal (you have to give something to find what you're looking for?) :
http://ih.advfn.com/p.php?pid=nmona&article=53812736
They then began the process of auditing and updating their 8-k for the merger:
http://ih.advfn.com/p.php?pid=nmona&article=54283192
They then fired the President after he made 2 claims for himself that would of cut us shareholders out. His supporters are now here as bashers but before his firing the same poster(s) was the most optimistic about ICBT:
http://ih.advfn.com/p.php?pid=nmona&article=55837563
They then completed their filings and merger that they claimed to be working on for so long:
http://ih.advfn.com/p.php?pid=nmona&article=56365087
They then were declared effective by the SEC and claim to be moving forward with their plans laid out in the S-1:
http://ih.advfn.com/p.php?pid=nmona&article=60452672
So you see, I've seen progress and progression throughout the PR's; the same guy's bashing today are the same guys that were saying, "why isn't this scam going up?" After all those PR's came out. Well I think the direction of ICBT is becoming harder to deny and with the new symbol and completion of their subsidy trading publicly, well I think soon nobody will be holding this back because value will become realized, but who knows, maybe I've fallen for a scam because I've read the S-1, 8-K, PR's, website, etc and have opted to believe their efforts are sincere. Well to each his own but I plan on continuing ticking up, best of luck to all who tick up with me, and may the wave and ride beat our own expectations! ICBT :)
Because Farhills bought hundreds of millions of shares and illegally dumped in 2010-2011 and has an open case against him and E-Lions for illegally trading shares in not just ICBT but 10 other companies? IMO, you blame the company for being scammed. Now ICBT is declared effective; the S-1 has been filed and news can now be released, it seems they are waiting on the symbol.
Zero volume but cracked top 10 breakout boards.
I think the enormous future is becoming a present. Hopefully we're satisfied with the results of the symbol and news to come.
We're waiting on the breakout.
Nobody wants to sell at .0002 right now. This might go higher before news if supply/shares go thin with most investors waiting for big news?
9 million divided by O/S 2.5 billion not the current 1.9 billion= .0036 per share.
That's not including other subsidies; growth; etc, simply said, a 9 million Market Cap= .0036
At 1.92 billion shares 9 million divides to .0046875
WAKE UP AND SEE THE POTENTIAL!
We agree; now it's hoping time proves us right.
Impossible. News came last a month ago tomorrow. I think he's just excited because he knows the types of news that is coming (new symbol for the subsidy and shareholder update) but he like me is probably expecting it before the fiscal year ends for ICBT (Feb).
I'm glad savvy investors like you and MG have already found this. We on this board control a valued percentage of the company (we've had a chance to get in at .0001/.0002) so I'm looking forward to all of us fighting supporters seeing great times together, Go ICBT!
Since you're probably not following as closely today: ICBT sold 1,000,000 at .0003 but 2 minutes after 100 shares sold at .0002 then 19 seconds later 100 shares sold at .0001. 49 minutes after that someone bought 1,000,000 at .0002 and that where we currently stand. So far today has had good volume but I'm counting 5 trades already of 100 shares or less. Who's trading 100 shares?
No matter what happens the rest of the day, do you think we will see a 1 or 1,000 share sized trade near closing bell like the last 2 days?
Even you want those right?
I was surprised they were able to get it back to .0001/.0002 but they/someone was relentless with the 1, 100, 2 size share sells daily and shorts.
So this morning we go from no action to 19 million shares selling at .0002 and what happens? Two different sells of 100 shares at .0001.
All you have to do is open your eyes to see they're trying to hold us down, soon we're gonna rocket ship and blast off on them! My opinion of course.
So this morning we go from no action to 19 million shares selling at .0002 and what happens? Two different sells of 100 shares at .0001.
All you have to do is open your eyes to see they're trying to hold us down, soon we're gonna rocket ship and blast off on them! My opinion of course.
Yep, volumes picked up since we've started talking today. I figured I can keep quiet and hope to get as many as possible at .0001 (as this stayed stalled), or I could pick up some .0002's and start championing this like it deserves; thus I picked up some .0002 earlier this week and am looking up now. I do remind myself that this is a trip zero play, a risky pink with a past, and a few red flags, but I also believe in the enormous future and have seen how far these can run from .0001/.0002.
If shareholders are scared I think they should put in a good until canceled order at .0003 or .0004 and try to be one of the 1st one's out upon whatever movement comes. If you're confident than I think you should buy what you can and we can control this? I'm in the boat that believes in the enormous future.
Great points Rhinegold. Others are so focused on what they think of our management that they don't understand that it's a hard business and not easy, but even still, If one big producer agrees to a joint venture on one of our mines than we will be rolling and quickly! Older shareholders got really mad and called Garth a fraud when a previous joint-merger canceled but in that case we were the big investors and going to pick up the expense of the mine in Utah, problem is the company sent geologists out to confirm and they decided that the property didn't match up with what we thought so we pulled out. Unfortunately we haven't had a lot of talk about breaking ground since but when/if the company ever does than :)
Let's hope. We've been hearing and reading about the enormous future awhile. I want to see the growing present keep ticking up!
Food for thought: 20 million shares gets you 1 percent of the company. Understand the opportunity and leverage at our access.
My concern is a huge sell off will prevent it from being massive? For example, many sold at .0005-.0006 and are now rebuying at .0002, but if all of us held then, than this could of dried up and we could be out of trip zeros maybe? I do expect lots of great news coming but I have a hard time seeing this over a penny, even if news is spectacular because everyone will sell. But on paper (intermin financial) the company is worth 3-5 million so market value should eventually reflect that? After all, blue chip stocks trade 8x higher than their book value while our market cap is under million. But now the SEC has declared us effective so if Garth can do things to show that the company is legitimately moving towards mining than I think the market was respond kindly. IMO I value this at .0024-.004 presently so I recommend as a strong buy.
I don't think it needs much to push back over .0005. I have an order on .0001 but I'm coming to terms with the thought that the order probably won't get filled.
That's the hope. I don't'expect for it to run to a full penny this year, but I'm hoping wherever it settle's is much higher than trip zeros. Then most of us can watch our investments in comfort vs. worry about what some poster is telling us about our investment that's succeeding and in the green. I just hope Garth makes good to shareholders and then things keep moving forward and we all become really happy!
Go ICBT/Canwealth profit believers.
That's hard to do, this is SERIOUSLY undervalued imo.
Like you, I believe in the enormous future. Some want us to believe it's going back to no bid; I see the 100's of millions of shares at .0001 on bid and 30 million up for sell at .0002 on the ask (everyone can look and see the Level 2 snapshot posted in today's comments). Now ideally I'm not waiting for the coming run but hoping to be a shareholder when the enormous future becomes a present, but I will simply be happy if the market cap catches up to the interim financials.
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=98744
This one got the best of us guys. I would save the hundreds because it looks as though they have lost the Nam mine? Anyways to greener days.
ICBT possibly the best .0001/.0002 play of 2014?
Do you have any business experience? Things take time and time will tell ICBT true story.