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I agree with everything you said except the "this is not an investment" part. We will know more about that as things unfold. The CEO's goal is to get the company back on the main exchanges, and he's sure taking many steps in the right direction. We just have to see how well he executes the plan.
There's no room in the share structure for dilution until after the r/s. Then the question becomes how much? They paid off $4M recently with the sale of assets and I'm sure much has also been paid through conversions with the kind of volume we've seen in recent weeks. They also plan to sell additional assets in the very near future to pay off even more, so it may not be that much when all is said and done.
Let 'em dream. Why would the price retrace back 100% to 52 week low after an almost 10 bagger due to everything that is happening? Greed not only kills on the way up, it kills on the way down when people won't pay a fair price and miss the boat. lol
I have plenty of powder if the price wants to get even more stupid.
It depends on how you define pain. I can only hope it drops further for a couple of reasons:
1. So I can load up
2. So only the people who know what they hold remain
I didn't even hear that rumor. All I know is what the company has been showing us... new contract(s) every month! And people are fretting over a less than stellar 2016. The important thing is they are restructuring themselves and positioning the company to get back on the big boards. I guess some people thought that should happen in a day... based on last year's 10-K. lol
Thank you. Btw, our market cap is now $25 million on $80 million revs. Really??? lol. Let 'em sell. I'm buying!
One thing we know: the company is not done announcing new contract news. They have been announcing at least one new contract per month for the past several months. It would be one thing if this company were being hyped, but it's not. They're making money, reducing the cost of revenues, and paying down debt. $78 million in revs last year and growing. Yeah, we should all be soooooooo scared! lol
We churned over 260 million shares, all above .0435 (very few in .04s) and up to .0985. In which direction do you think we're going from .05 area? lol
I was referring to selling on message board fear tactics, rather than DD. Some of us bought the fear. Buy low, sell high... rather than the other way around. lol
I'm ready.
This one tends to gap in the mornings. Let's see what happens on the morning after a cc.
Sorry for those who got suckered out of their shares. Made this kat a little happier, though, if it's any consolation.
Does anyone have a # for this supposed cc?
230 million shares traded hands so far with almost 3 hours left. We are going to be super strong for the next leg up.
Someone with a sizable position wants out at .067. Get 'em while they last.
POOF! Where's VERT? lol
$78 million in 2016.
Positive cash flow = no more convertible debt!
VERT tried this yesterday, remember? He has nothing. A/S maxed out.
Sometimes life gives us second chances.
Where's doog? We need the sound of a choo choo train. lol
If last leg went .01 to .0985 or 985%, why can't next leg could go to .25 or around 300% from yesterday's close or 400% from here?
Nice call, powerbattles!
Panic buying about to ensue. lol
This stock seems to break all the rules, so who knows? I was expecting a consolidation day, but this stock has legs that want to keep climbing. lol
100% agree!
.06s up!
Exactly, and we're already severely undervalued. As I just pointed out, our market cap today is less than $30M with revenues $78M in 2016 with more contracts expected 2017.
2016 revenues $78M, market cap < $30 million. Maybe just a tad undervalued? lol
Recent new contracts:
November: $3.5 million
December: $1.6 million
January: $200k
February: $400k
March: $2.4 million
The company is on track to achieve goals outlined by the CEO:
"One, continued organic growth and drive positive cash flow and eliminate any losses. Two, lower senior debt and ultimately extinguish it. Three, restructure our subordinated debt and lower our interest expense. Four, sell non-core business units to raise capital and accomplish the goals that I just mentioned, and reducing our senior and subordinated debt. Produce multiple quarters of positive cash flow and uplist to NASDAQ or NYSE."
A chartist with a big following caused the selloff this morning imo. Now we can go back up.
Right. It's ok. Shares churned, which is healthy.
I think a lot of what happened today was due to chart players. Nothing has changed fundamentally. Future looking great for ICLD.
Flippers and panic sellers out. Longs added bigly. Stronger for next leg.
Yes, that was expected, but we are going much higher.
Reversal starting. Not seeing a lot of big blocks on the ask.
All good. Not only are they getting rid of convertibles, they are getting reducing interest on debts. They will also be selling assets to further reduce debt and are acquiring new contracts. I can't believe people sold on this news, but I'm a big buyer today. I think panic sellers are done. People waiting for second gap to fill. If we get down there, I will add a couple million shares.