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George called back, i got so much info
I dont even know where to begin.
However i will start with the bad to get it over with;
The share structures listed online are not accurate, however they are not very far off. He told me he is working diligently with a financial team to release financials. Once that is completed he will release the stocks share information. He said the numbers may be slightly different but is not expecting anything surprising. But it is likely that not all of the restricted listed are truly restricted (ICOA still holds more than half, which are restricted) so we could be looking at a pretty big float here (3b~ max)
I asked him about the share PR after hearing this and he reported they would be retiring shares from the both restricted and the float, and for the reasons he had just discussed with me (paragraph above)
On the bright side;
The company still maintains a lot of contracts, or has recently reacquired contracts, from a number of its companies. They are also working with other wireless service providers to intiate support contracts with them for additional revenues. The support company is NOT ICOA, but is a wholly owned subsidiary, and there are quite a few under the umbrella that is ICOA(good news!).
They still support STOP and SHOP, Starbucks and Giant foodstore locations all over the country as well as a few others. They are still maintaining a revenue which is starting to improve, and he had high hopes for the next 3 months in regards to the current situation. He admitted the company was in a tough state currently and he is prioritizing the company image, especially for investors.
He was extremely polite, and easy to talk to. He answered my questions and then continues to answer more before i even asked. He told me a lot of investors have been contacting him asking him about the float, and about if they are releasing more shares etc. He told me he has been with them 20 years (easily googled info) and they have not performed any dilution or any other reverse splits other than the one earlier this year. He also said he is not going to be doing any dilution or more RS's and they are currently stable enough to move forward with the operation.
He really went on and on, and honestly i cant even think of everything he told me. But i can tell you he is not your typical jerky ceo. He was very down to earth, and i could hear the emotion and i could tell he was very optimistic about the future in ICOA.
I will be holding the shares i have left after speaking with him and have a lot more hope here than i did earlier today! Ill post other info in the future or reply to questions here if i have the info.
i just spoke to george
told me he was currently in a business meeting and would have to call me back. haha =( If he calls back ill report here, or ill be calling him again in a day or two.
uhmmmm insane short volume?
Are the MM's being PAID to keep this down? Ridiculous. Dont reply with dilution i already know its not true. The TA is giving share information via phone!
do you have l2?
5000 blocks at bid went off, they wanted to fill the gap
Are we sure thats mahoney? 18M more dumped
Or are we getting diluted? Ken run out of funds? This sucks im so far down here im not even going to bother trying to flip some of my losses back. Just hope to make them up elsewhere..
haha nice attempt at a walkdown MM!
Your 5000's dont trick anyone
ouch those 4s are thick
how the heck
Whats the next resistance after .0017?
65k hit at .0003 premark
Its not up but someone really wanted in before we opened today!!! (for beer money)
Premarket buy of 200k
Gonna open up!
Support looks good to me
With the insane amount of selling and we didnt even touch the .0004s which is where the last huge selloffs put the PPS. Its hard to flip 5s than 4s so im hoping on a bullish channel. The next news is either going to send the PPS up or put this stock to sleep unfortunately. GLTA here =)
This is good imo
When the bashing gets hot and heavy its time to load up!! lol
Its not down atm!
Looked like some selling on the L2, not a lot, but it doesnt take much when they sell at bid.
Hey look we didnt open with
20 million shares sold. Good sign, oh wait, wheres the volume!
I remember this
http://searchmobilecomputing.techtarget.com/news/1159898/Grocer-uses-free-Wi-Fi-to-keep-it-fresh
Sadly i used to work at S&S hahaha =(
11000 at .0004 lol
Maybe they wanted to go get a scratch ticket
Those .0008s came quick
Only 5m took off at 7! nice
They are reducing it all from the OS
which will bring it down to 800m, or roughly the size of the float
Back the truck up!!
We have a loading zone here.
Gap at .0007 needs filling
The gaps will fill more often than not, no need to be concerned. Let the shares move into stronger hands for the next push. Next time we are making that .0012 a solid support!
I like how the news drops at 11
And the PPS immediately hops to .0006. I wish they could finish the filing faster haha. I have a lot of ground to cover here, but im not taking a loss with all this potential!
Thats the reason
Why im holding the rest of my shares long here. There is so much potential in this industry currently, and ICOA has a lot of great references for expanding their business!
Not really
Premarket the L2 is lighter than it usually ends up once the market opens. If you notice that there is 4 Market Makers at .0009 on the ask side. This is actually relatively thick for a premarket condition.
I wouldnt gauge anything until you see the market open.
Standoff!!!
.0005-.0006. *tumbleweed rolls by*
I have to say
I appreciate your straight forward analysis and opinions here. BM'ed
Very nice!!!
Left after lunch with this at 9 and i see it held up pretty good. Decent buy at the end of the day not just a paint. Boardmarks are back up! Nice to see faith restored. This sucker is going places imo =)
Wooooo someone hit the ask!!!
Thanks buddy =D lol
Yeah it is huge
If we break these .0009s i wager we create support there. Unless the MMs fall easy but they have been VERY strict with us so far
Uh oh guys here come the bashers
They want cheapies! How do you guys feel about that?
Or .0008 dee ya know?
lmao nice open
MM just shifted!!!
ETMM at .0007 on the bid, NITE and CSTI at .0008 ask!!
Yes that would certainly bring some interest
hahaha.
No news please
With our recent history id say thats the last thing this stock needs. =)
Ok now they are dropping like flies and MERQ is GONE....
This stock is such a tease! Worse than my wife!
well be careful
it seems any penny i buy is doomed to a stale existence hahaha. GL hope to see this one do something =)
woah whats going on here
i bought some .0002s a while ago here and just left em in my port dead. now volume? what?
I used google
I can see Merq is a MM, but im wondering if its good or bad that he showed up!
Who is MERQ?
I have not seen him before
The MM will not budge
How many freaking shares do these people have? Its going to end up really thin at higher levels if they give us everything they have here.
See how fast 7s came up today?
Our manipulator is not here.