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This is for another company, however, it probably applies here as well. I suggest reading the previous post to mine.
Not to worry - George will make opinions into realty at the rate this is going.
User nodummy has already done DD on them - it is a scam.
Sounds right - I suspect an R/S when this get's down to no bid and they have cleaned investors out for everything they can get at .0001. Investors will be saying "great time to average down" and
"a bargain at these prices". Unfortunately, the R/S will make averaging down actually become going negative and losing on this investment. This is bad. Seems unlikely George is going to be able to deliver anything - look at all the failures to deliver anything of value and substance at this point - unfortunately for us. ICOA is fleecing investors - just another typical pink.
Unfortunately this appears to be fact rather then opinion - again, unfortunately!
That faith is making ICOA money - from investors pockets to ICOA's bottom line.
Keeping faith at .0001 is interesting to say the least.
A link to ICOA transparency - don't have one!
If George won't update us why would one believe that OTC markets is up to date? George would just respond and say the info is up to date - which it is not.
Basically it is just guessing then - OK.
Bingo - this is my understanding as well.
Speculative calculations are not valid - info from TA or George (maybe) are. Why is it an issue to get the real info?
Last reported float - George will not provide the current and I suspect it is probably higher then 2B+ is the reason why.
Transfer Agent: Signature Stock Transfer Inc.
New Share Structure "After 2nd Reduction"
(Per E-mail from Broker via T/A)
Outstanding Shares: 5,240,637,978 as of December 3, 2010 (2,675,130,082 held by insiders; restricted until 2013,
Per Company PR)
Authorized Shares: 10,000,000,000 as of December 3, 2010
(FLOAT)
Free Trading Shares: 2,565,507,896 as of December 3, 2010
The float is 2B+ - probably even higher now - please go verify if you think this is wrong.
I believe this information is inaccurate. From what I can see ICOA has 1 employee and if you count the CFO it may have 2 - probably contracted. Since you are communicating with George please ask him how many employees ICOA has today - not contractors. George has been very careful to not make outright false statements - look forward to him responding and maybe including the AS/OS/Float while he is at it.
However, to conclude ICOA is George!
George's remark about not personally selling shares is probably accurate - it is ICOA selling shares to investors and issuing shares to creditors not George. George benefit's financially from these transactions - how do you think they get paid?
All - George needs to disclose the AS/OS/Float - We went from 800M+ to 2B+ in the float after the "Share Reduction" - what is it today? George is indicating everything is on the level - no surprise there - have you ever heard a CEO indicating everything is not on the level in the pinks - probably not unless they are caught.
The "CREDITORS" got their free selling shares from George - he has no control, yet, the shares came from George. OK then.
10+ years folks and at .0001 - what is the business potential here?
George needs something significant and there will be investors who will keep believing until it happens or it is over.
I have not seen this stock promoted anywhere - the term "Creditor" can have a purposeful, enigmatic meaning - which ends up being a way for George and associates to profit from shareholders and provide nothing in return. We are in June 2011 folks - this paper mill still continues.
Creditors? Prove it George - any creditor would sell over a couple of weeks and get at least .0002. George can say whatever he wants as nothing is verifiable. Keep drinking kool-aid!
NO BID - taken all the money they can at the moment.
CEO George does not care - getting all they can!
George taking care of shareholders money!
The .0002 is a 200.00 paint job - means nothing!
Sending George an e-mail does nothing - if this fraud is not tolerated whatever anyone says to them will not make a bit of difference. So far, George's greatest skill is separating investors from their money.
4.1M shares at .0001 - ouch!
This stock should have been one of them!
I hope you are right! Really!
Since when has a large dump of shares been a good thing - examples? Anyone?
The settlement was negotiated using preferred shares which was in the best interest of ICOA and the plantiff's. Bankruptcy and liquidation would mean nothing for the plantiff's so it makes sense.
However, what are the options on the preferred shares if any I am asking? It can be negotiated that they can be converted at an equivalent value to commons which would be bad for us. So if the preferred shares are at .50 cents (example) and the current market is .0002 then the preferred shares would be 1 preferred to 2500 common shares = bad!
Does anyone know if their settlement preferred shares for back pay have the option to be converted to equivalent common shares? That would be very bad for us.
Have not seen the new numbers - I expect the OS to be increased more then the last reported amount which was 2B+ I believe and that started from around 800M+ after the share reductions occurred the OS number keeps going up.
Certainly hope not - it would kill the company unless they had some spectacular money news to go with it which does not appear to be the case at present.
I am, we will see.
Still over an hour to go and there is tomorrow - watching to see if George and associates keep dumping.
Lower any buy bids to .0001 they are dumping - may have been used as payment or purchased at or below .0001. If this is not the end of course.
Who has 200M+ shares to play with other then George and associates?
200M+ go George go!
No dilution going on here 100M+ - way to go George and friends!
More current Lithium production levels by Country
http://en.wikipedia.org/wiki/Lithium