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ICOA - If SHARE STRUCTURE quoted back on Oct 21st in message # 16658 was correct and after the last 1.3B reduction we were:
4,439,322,189 OS
1,764,192,107 Float
2,675,130,082 Restricted
subtract additional 1.3B and:
3,139,322,189 OS
1,764,192,107 Float
1,375,130,082 Restricted
Leaves a balance of 1.9B shares to be cancelled.
If they do as they said (and they have every time) this would wipe out the entire "Restricted" and reduce the Float to:
1,239,322,189 THIS WOULD BE AWESOME!!!!
IMAGINE this float with financial transparency, updated Website, Acquisition & Joint venture.
This news release on October 20 is all positive:
ICOA, Inc. Takes Action to Expand Business and Revenue
9:03a ET October 20, 2010 (Market Wire)
ICOA, Inc. (PINKSHEETS: ICOA), a national Provider of Wireless Broadband Internet Networks and Managed Services in high-traffic locations and a provider of Managed Services to Independent Wi-Fi service providers, today announced that it is moving forward with the actions required to expand its business and increase its revenue as follows:
First, the Company has entered into negotiations to acquire a privately held Wi-Fi Operator that provides Wi-Fi Services to multiple venues. The Companies anticipate announcing a binding Letter of Intent in November and completing the acquisition by December 30th 2010.
Second, the Company is in negotiations to form a Joint Venture (JV) with a privately held Wi-Fi Company that specializes in providing Wi-Fi services to a large number of Multiple Dueling Units. The Companies anticipate announcing a joint Memorandum of Understanding in November and finalize a JV Operating Agreement in December 2010.
Both transactions are very synergistic to ICOA's Wi-Fi operations and will contribute positive revenue, accretive to ICOA's bottom line. Through these opportunities, ICOA and the operating companies expect to see significant benefits from the cost reductions that can be realized.
The partnerships will utilize ICOA's experienced Support and Customer Service Center combined with the award-winning Operating Support System (OSS) "TollBooth(TM)" platform. The intent is to provide strong creative entrepreneurs with the combined advantages of retaining local independence while enjoying the benefits of a publicly listed company.
As stated in our previous press release of 10/13/2010 "ICOA's new acquisition model is based on a share-for-share agreement, usually starting with a minority position in the new partner. Cash is not immediately released; this potentially ensures a higher and more sustainable long-term profit. ICOA's Management says, "We are convinced that our improved strategy will enable us to expand the number of companies in our network and our revenue more rapidly than originally anticipated."
About ICOA ICOA, Inc. (PINKSHEETS: ICOA) is a national provider of wireless and wired broadband Internet networks in high-traffic public locations. ICOA provides design, installation, operation, maintenance and management of WI-FI hot-spot and hot-zone Internet access. Based in Warwick, Rhode Island, ICOA owns or operates broadband access installations in high-traffic locations across 40 states, located in airports, quick-service restaurants, hotels and motels, travel plazas, marinas etc. ICOA networks are compatible with widely used 802.11x technology and with virtually all Internet service providers. Further information is at www.icoacorp.com.
ICOA still seems like a good investment right now when compared to most other sub penny stocks. This will have a nice run with all of the news coming out this month and in December.
Lets call this CEO tomorrow and find out if he lowering the Float. If not then he is a fool and there will be noone left to buy his ICOA stock.
I agree with you completely. There is way to many compulsive traders in this stock who cannot sit still for a few weeks or month and hold onto their shares in this stock tightly. They need to be on medication or else they will just loose all of their money in the long term.
What a bunch of light weights. This will run again to .0015 and beyond and you will bow down before me. News is coming all this month and next month ICOA will be the flavor of the week in a big way. IT will have its run just like the rest of them other penny stocks. You are making a mistake for not sitting tight and holding your shares.
This looks like it will have another big run up to around .0020 - .0030 range. I'm sure the CEO wants this thing to have a big run up if he wants to dump shares at a decent pps.
IF any of this is true he will end up in jail if we pursue it. Lets start calling the CEO tomorrow to let him know where we all stand on this. Can you please send me the phone number to get in contact with him. He needs to get the ball rolling and it is in his best interest to not scam us share holders.
You need to put more pressure on them to get the float lower. Now it might be 3 billion max??? What next 4 billion max then 5??? He needs to get the FLOAT much lower and stop playing mickey mouse games or they will loose share holder confidence completely and this thing starts seeing zero volume trading days. He needs to get the float lower and get us some bang for our buck. I want you to deliver this message to him personally. I hold a large position in ICOA so this should give him a good idea what share holders think about what is currently happening with ICOA.
How long have you been holding ICOA stock? Are you new on the ICOA board?
Huges News coming this month for ICOA - The key partners will become shareholders of ICOA as a listed company along with all other shareholders and will have a substantial incentive in promoting the success of ICOA, Inc. This long term financial incentive will further enhance and therefore drive the cooperation between the individual companies.
Successful partners will ultimately be merged into one of ICOA's subsidiaries with the goal of being spun out to ICOA's shareholders of record as separate independent public companies, while ICOA still maintains a shareholder position in the new entity.
ICOA, Inc is in negotiations with a number of funding groups to secure the necessary long term funding in order to execute on its new business growth strategy. Management believes any dilution from funding will be more than offset by the value of the shares issued to shareholders in the new companies being spun off as well as the potential increase of ICOA's share valuation due to increasing assets and potential combined revenue. "
I highly doubt they would ruin everything with dilution. ICOA has put alot of effort into getting this JV and acquisition/merger etc. They want the pps on this stock to explode and increase share holder value. They want this above .01 pps.
I've been here a few weeks and i'm still loading up on shares as much as possible.
IF things go as expected I see a massive surge in buying volume for ICOA.
Wow!!! ICOA is number 33 on the Most Reads board with over over 39,000 reads. ICOA is not even in the top 50 on the most posts board. That means alot of people are watching this closely and trying to decide if they should jump in.
Wow!!! Where did you find that news about ICOA?
I'm loading up on more shares of ICOA before this explodes from the news.
Is there news out on ICOA today? I'm buying more shares of ICOA.
Why would alot of guys leave after .0015 - .0020 pps. That makes no sense to me because the stock market is really choppy right now so why not just sit tight and ride this out to .005 or .01 pps. You could make a killing on this one.
When is this PR supposed to be released by PIHN? Can you tell me what is going on with PIHN. I am new here and thinking about buying shares.
I thought Yates sent a company e-mail that said they are working on a merger or acquisition.
The way this stock floats on air. I'm thinking dollar gains are very possible. Yates has already said that they are working on a acquisition/merger and that news is coming. So its just a waiting game now. When the right news hits and volume picks up this will explode
Just don't make the mistake of selling to early. When the big news comes out this should really take off.
ICOA share reduction is on schedule and the company continues to improve their balance sheet along with looking for viable companies to acquire that have tangible assets to help improve the state of ICOA... 2007 financials are complete and they are now working on 2008 then 2009 then 2010, this is serious rejuvenation going on here.. no mickey mouse auditing the REAL DEAL.. ICOA is a legit company.
ICOA share reduction is on schedule and the company continues to improve their balance sheet along with looking for viable companies to acquire that have tangible assets to help improve the state of ICOA... 2007 financials are complete and they are now working on 2008 then 2009 then 2010, this is serious rejuvenation going on here.. no mickey mouse auditing the REAL DEAL.. ICOA is a legit company.
His posts have more effect then you realize. It keeps morale high and helps bring in new investors. I'm big player in ICOA and he got me to stick around.
Waiting a month or two for my huge reward is fine with me. Powerplay1 just think you'll be like a little kid waking up on Christmas morning when you look at your account the day this has a huge run up in pps and see all $$$$ you made.
Worst case scenerio even if it was a scam it still would have a big run up before it crashes down. I highly doubt this is a scam. ICOA has been around a long time and they have been making things happen lately. They seem to be a legit company.
Now I see why compulsive traders always loose their shirt in the long run. They just can't sit still on a stock. ICOA has all the makings for a big run and they just can't wait it out the rest of this month. Its pitiful to see these guys loose money because they can't hold a stock for a month or 2.
ICOA will be Huge when they finish the share reduction and come out with the JV and merger news. You need to relax and wait for this to break out. Why are people getting so impatient. I don't understand it at all. If waiting a month or two is all I have to do to make a large gain in pps then I'm fine with that.
If it gets to .0007 you will be able to sell quickly at .0006 then re-buy in again at .0006 on the ask. That makes absolutely NO sense at all. People who trade like that loose their shirts in the long term because they are compulsive traders who cannot hold a position long enough to reap the rewards.
Huge things are about to happen here.
IHGP is up over 368% today. This thing floats on air.
That is usually what happens when a stock has only 19,937 Outstanding shares.
IHGP seems to float on air. With such a low float people will go nuts when huge news comes out. They working on a acquistion/merger.
WOW!!! IHGP has only has 19,937 Outstanding Shares! Up 275% BOOOOOMMMMM!
What do you think of IHGP having only 19,937 Outstanding shares and its up 275% today.
I could smell scam a mile away just from the idea of a fuel pill. A magical pill for your fuel tank. Who would fall for that?
IHGP is up 275% today. This thing floats on air. I'm holding my shares tight for when the huge news comes out. You really need to relax and wait for the acquisition/merger news to come out.
Holy Cow!!!! IHPG is up 275% today. Now that is my kind of gain for a day. IHGP has huge merger news coming soon according to a company email.