is... Alive and Well, So Far . . . LOL !
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Well, well, well . . .
My latest message, about potential "B***rs" on this board, got deleted. Guess my message was reported to the admins. Guess discussing potential "B****rs" on this board is an unwanted endeavor.
Figures, doesn't it?
Although I'm still in my "wait and see" mode with ICOA stock and ICOA management, others seem to be taking an increasingly negative viewpoint, what with the lack of news in "quite a while", measured in weeks or, dare I say, even months.
Well, I guess almost everyone is entitled to his or her own opinion on this board.
So . . .
My opinion is that George S., the CEO of ICOA, is NOT the following:
1. A Joke.
2. A Liar.
3. A Crook.
4. An Incompetent Fool.
5. A Scammer.
6. A "fill-in-the-blank-with-negative-declarative-noun/adjective".
My opinion is that ICOA stock is NOT the following:
1. A Money Pit.
2. A Crook's Dream.
3. An Investor's Nightmare.
4. A Call To Arms That Rivals Paul Revere's Ride.
5. A Scam.
6. A "fill-in-the-blank-with-negative-declarative-noun/adjective".
No . . .
My opinion of George S. and ICOA stock is this:
The longer it takes for George S. to fulfill his commitments, the more he sets himself and ICOA up for b*****g, er, I mean, destructive criticism.
But, has he completed SOME of his commitments?
Yes.
And until he is PROVEN to have NO intentions and/or ability of completing the rest of his commitments, I continue to choose to give him the benefit of the doubt (since no PROOF, has as yet, surfaced).
So, I wait and I see what happens, respectfully, courteously, positively and professionally.
I'll leave the unsubstantiated innuendo, defamation, etc to... well... the "pros".
GLTA
Go ICOA !!!
plmcc
I agree completely. That's the main reason I take exception to comments about this stock being a POS, etc, when, as you said, no one knows s**t.
I agree.
The lack of news is great material for those who wish to bash this stock instead of engage in healthy debate. But, until we hear something (or eventually, not) we just don't know what's been happening.
And, at the risk of being accused of repeating myself, until we have PROOF that management is NOT working in the best interests of the company, I, for one, will be waiting patiently albeit anxiously for news.
Go ICOA !!!
So . . .
How much are WE all gonna be willing to donate to Stockman69 for all of his EXCELLENT DD and EXCELLENT educated guesses, since everything seems to be developing just like he has said ???
I vote 1% of ALL of our earnings !!!
What say you all?
-= =-
plmcc
Well said, NG !!!
I, too, would like to re-state that focusing on ICOA is the point of this board.
So, once again, I'd like to re-state the obvious:
Making statements that leave future investors with the impression that there is no more hope, period, is counter productive to the debate on the merits of ICOA and its stock.
And I, and I'm sure other ICOA investors, would appreciate very much if we all could show more respect to both sides of the debate.
And yes, that includes me, too.
OOPS.
I guess I missed something in the translation of this last post, what with me not having a soon to be MBA.
Could you please elaborate in language a "run-of-the-mill" retired engineer can understand?
TIA
plmcc
According to this link, WebCenter Technologies, Inc is a wholly owned subsidiary of ICOA:
http://www.thefreelibrary.com/ICOA%27s+CEO+and+President+of+WebCenter+Technologies,+Inc.+Are+Featured...-a076001645
Now, just so you know, I haven't taken the time to verify this, but what the h*ll, "no two" . . . opps, I mean "no one" . . . else seems to be all that interested in verifying THEIR POSTS, so I thought I'd go ahead and post it, anyway.
Have a Great Weekend,
plmcc
Boy, I had NOT known about the direct connection between the worth of a stock and whether other stocks are mentioned on that stock's board . . .
Until today.
ICOA stockholders must surely be quaking in their loafers right about now.
I know I am . . .
Man O Man, now I'm gonna have to go through my ENTIRE portfolio to see if any other stock has been mentioned in the same breath as one of the stocks I own.
Damn !!!
Do you all have ANY idea how LONG that's gonna take ???
H'mm . . . No . . . Don't tell me . . . Wait . . . I think I'm getting it figured right about now . . .
And, Voila, the answer:
At LEAST a couple nanoseconds.
I mean, really, a direct comparison . . .
Really?
Whew . . .
I have to say, I was REALLY scared there . . .
For about, aw, you guessed it already . . .
A Couple Nanoseconds.
Boy, I don't know about you, but I REALLY hate it when that happens.
LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL. LOL.
No, but seriously . . .
-= =-
"Go ICOA !!!"
plmcc (Yet Again, Sigh)
How did Webcenter Technologies Inc, a wholly owned subsidiary of ICOA, come up in the ICOA conversation, OTHER than what was reported in Post #27835?
ROTF-LMAO !!!
Smoking some green while praying works for me !!!
Whatever it takes in order to "Keep Da Faith" WHILE George gets things done (not IF).
When I see PROOF that George ISN'T gonna get things done, then fine. I'll host the Irish Wake Party myself.
But UNTIL then:
Healthy Skepticism IN, "Gloom and Doom" OUT, Please.
-= =-
TIA,
plmcc
I'm not ready to write off this stock. Not even close.
So far, George has done everything he said he would do except for the last of the fins, the write down and the J/Vs. Now, one may ask, "And when, exactly, is he going to get the rest of this done, since the rest of this is what is going to really get this stock going and none of it has happened yet??? !!!".
And the simple answer is, "I don't know".
But, does ANYONE know that he ISN'T going to get these things done? Does past performance (or the lack thereof) of other pinksheet companies PROVE that ICOA is "just the same". Nope. The DD already posted shows that.
So, then, what's the REAL problem, here?
Well, IMO, lack of Faith in George and lack of Patience in some stockholders. So, how much longer are we going to have to wait for George to finish what he said he will do?
And, once again, the simple answer is, "I don't know".
What I DO know is that until we, the investors, have POSITIVE proof that George is NOT going to or will forever NOT be unable to get the rest of his statements completed, then we, then investors, should refrain from all the "Doom and Gloom".
All this "Doom and Gloom" just causes damage to the ICOA stock and the current investment of the current stockholders. And for what? Just so current stockholders can be convinced to "get out before it's to late"? Just so potential stock holders can be convinced to "go elsewhere if ya know what's good for ya?"
Well, that's what all of the posted DD is for. So current and future stockholders can decide for themselves whether or not this stock is a good investment.
Right? I mean, that's what DD is for, right?
So, please, let's scale back all the "Gloom and Doom" to mere "Health Skepticism" so that potential investors can have a truly balanced view as to whether ICOA stock is a good, or not, investment.
Can we do that?
Would that be so hard?
plmcc
IMO, I believe otherwise.
Whoa, down right shocking, isn't? And possibly even shameful too, right?
"Things are in the works so he's hoping for news soon", right?
Does this mean he does NOT do his own company's financial workups? Does this mean he does NOT do ALL of the company's activities himself, personally?
Shocking even more, right?
Well, too me, "Hoping for some news soon" implies that George is busy doing HIS part of the business while the CFO is busy doing his. Last time I checked, that IS what is due out, next, right?
So, what am I to take from this ongoing exchange between our two resident "skeptics" and most of the rest of us?
Well, I think the answer is clear:
Doom and Gloom does NOT always equate to Skepticism.
Shocking, isn't it?
-= =-
plmcc
P.S. Boy, I'm feeling a little exposed myself, right about now . . .
Thank You for the update, James. I know you're one of the veterans here and I just want to say I appreciate all that you've done for the members of this board.
Please, keep up the great work you do !
Go ICOA !!!
Yup !
Thanks for the update, GA !
Go ICOA !!!
Yes you did, sir . . .
Yes you did ! ! !
And . . .
I'm hoping that ALL of the new readers to this board that MIGHT be thinking of joining the ICOA investor "wait and see" train were able to catch THOSE three little words, TOO . . .
-==-
plmcc
H'mm . . .
1. This doesnt look good. ICOA was suppose to acquire company by end of 2010 and still only LOI.
- This is true.
2. CEO is being quiet.
- This is also true.
3. Pretty soon all shareholders will say enough already.
- EXCUSE ME ? "...ALL shareholders..." ??? Don't think so, bud. Not yet. Like I've said in previous posts, NO ONE knows what's going on inside this company. George has been quite faithful in supplying news. George does, however, seem to be rather Schedule Challenged. So, we ALL wait and see. Nothing MORE, nothing LESS.
4. Kinda sad if this guy (George) is just draining equity.
- EXCUSE ME? "...just draining equity." Has George been draining equity in the past? I don't seem to remember that in any of the DD posts thus far? Now, has George been using stock as "money" so to speak? Yup. Is that unusual behavior for a CEO of a sub-sub-sub-penny stock? Nope. Does that behavior automatically signal imminent and certain disaster? Nope.
Will there be NOTHING left for us poor, poor common stockholders?
Well, IMO, once again, I have to say . . .
I don't think so, bud.
But, that's just me. I'm like that . . .-==-
"Keepin' Da Faith".
Go ICOA !!!
plmcc
LOL. No problem.
As to my "never ending story", IMO, I'm afraid StockVoyager is correct when he says that the longer ICOA management stays silent, the more it MAY start looking like a scam.
The reason I say MAY instead of WILL is because we investors HAVE, indeed, received news from George S. in the past. What is disconcerting at the moment is that we have not received news relatively LATELY.
So, like StockVoyager [minus ALL the gloom and doom, oF cOuRsE--], we all watch and wait.
I, personally, watch and wait will "Keepin' Da Faith". But, that's just me. I'm like that . . .
Unless one or more of us has or forms a controlling interest in ICOA, we will always be at his/their whim. But, I have faith in George S.
[Note To Bashers: Please look up the definition of "faith" before you attempt a reply. TIA]
plmcc
Thanks, GS. Hopefully, we'll here something soon? IMO, we will.
I just placed an order for 921 shares and it went right through. I meant it to be 912 (as in 911 + 1) but my dyslexia got me. LOL
OOPS. LOL
Yes, you're right. 911 = "New Incoming" . . .
[Whoa, "news coming" ??? Sounds like me when screaming at my wife when I'm about . . .]
Anyway, Have a great day, all.
I think it's an MM signal that means news is coming. But, I could be wrong. Could maybe mean "Uh Oh . . ." instead. LOL.
H'mm . . .
Yes, people ARE watching. And, IMO, wondering, too!
How could such a great opportunity HAVE gone down in flames? What happened to ALL of the enthusiasm? Why couldn't people see the truth?
Etc, Etc and So Forth . . .
Well, IMO, I do NOT think the problem with this stock comes from lack of news, lack of volume or lack of any other characteristic of this stock or of this company.
Until we, the ICOA investors, actually SEE and HEAR news from George S., we are in the same situation we were in prior to the news about WISP. Now, I know that some people are gonna say that WISP was nothing but another play out of George's playbook.
Why? Because a buyout is supposed to be earth-shattering to the extent that the price of our stock "sky rockets" past the Moon?
Really? A company with stock that's selling for 0.0003 per share is gonna make that kind of buyout?
Nope. Don't think so. Not in my opinion, anyway. But, little by little, over a reasonable period of time, a company like this has the potential to right a LOT of wrongs if it wants to. How long is reasonable? I don't know. And NO ONE does except for the people running this company.
So, those who were looking for a short to medium time frame play on a sub-sub-sub-penny stock are probably NOT gonna be happy with this situation.
Oh Well. What can I tell ya? It's a sub-sub-sub-penny stock.
So, until it is PERFECTLY clear to everyone involved that we, the investors, have truly been scammed, I say: "Keep Da Faith".
So then . . .
Why all the gloom and doom to the point that the number of posts have gone down dramatically? To the point where very few that do post have something positive to say? To the point where, if a new person where to stumble upon this board they would most likely say: "Whoa, Dude, bummer of a stock here. See Ya."
And why now, just before the NSS (Naked Short Selling) "issue" is about to develop? Why now, just before the new SEC regulations are going to go into affect? Why now, just before, once again in my opinion, we are likely to see some positive news out of George S?
Why would anyone want that?
Yes, folks, people ARE watching! And, IMO, wondering this, too!
plmcc
I agree completely.
If everyone can hold on, as a group, we will tie up approximately 1/2 to 3/4 of a billion shares as last I counted.
And THAT could make for a VERY interesting situation for the "NSSing bast..." I mean MMs and the like.
plmcc
I'm with goldstandard.
I'm not ready to pull the plug just yet. With the MMs possibly facing a NSS situation and time running out for them, I'd like to wait and see what George has planned, if anything, through the month of April.
I know it's difficult right now with the latest rounds of bashing going on, but I still have faith in "better late than never" George S.
plmcc
IMO, ICOA offers quite a bit more than the "average" sub-sub-penny stock. The DD on what it offers has already been posted. The fact that we aren't getting the news we want proves only one 'absolutely for sure' thing: "We aren't getting the news we want."
For foxy to hypothesis to the point of dreaming is for me, a lot of fun to read. And, yes, I get a kick out of reading your rebuttals to those of us who like to dream and dream big. But it seems to me that, once again, you're stating the obvious:
Until we ALL get some verifiable proof of just how well, or not, this company is ACTUALLY doing, then dumping on other people's dreams seems a little hard hearted to me.
I realize that it is ALWAYS a healthy thing to be skeptical when dealing with a sub-sub penny stock. And ICOA is no exception.
But, I do believe that there is a difference between skepticism and hard heartedness, wouldn't you agree?
"Unbelievable - this has been exposed and you still try."
So, how 'bout I give it a try:
"Unbelieveable - yet again the perpetual, unforgiving and unrelenting obvious."
- -
plmcc
H'mm . . .
Well, I have to say that after reading the judgment handed down by the court as referenced in the supplied link:
http://www.rid.uscourts.gov/menu/judges/opinions/martin/10032007_1-07CV0069S_MJM_ICOA_v_QUAINTANCE_MO.PDF
as well as reviewing the Form(s) SB-2/A as referenced in the supplied link:
http://www.docstoc.com/docs/46605382/Private-Placement-Memorandum
I have to say that I'm a bit confused with the conclusions made toward the end of the post.
Here's why.
= The Court Judgment
The Judgment refers to a "MEMORANDUM AND ORDER GRANTING MOTION TO VACATE DEFAULTS". This means that default judgments against ICOA, George S. and Erwin Vahlsing Jr for failure to complete agreements made during a settlement conference where "vacated" or lifted so that ICOA, George and Erwin would not be held to the default judgments.
Now, the original case involved a plaintiff, Mr. Kevin Quaintance, who sued ICOA for the sum of $516,064.35 stipulating "breach of contract, fraud/misrepresentation in relation to certain promissory notes and fraud and misrepresentation in connection with a stock repurchase" but this information is only listed in the footnotes of this judgment and does not list the counterclaims of ICOA, George S. and Erwin V. against Mr. Quaintance. So, all this particular judgment says is that ICOA, George S. and Erwin V. won their case concerning this particular judgment.
Now, does the fact that a single individual was successful in winning a judgment against ICOA cause me to be concerned about what went on and why?
You Bet!
But does this single document now convince me that ICOA is a scam and does this single document convince me to a 90% certainty?
No!
However, IMO, more study of this issue is warranted before a firm conclusion can and should be drawn.
- - -
Having said that, I decided to do a little more investigating on my own this weekend and here is what I turned up:
It turns out that Mr. Quaintance was an employ of ICOA at the time the problem developed. Mr. Quaintance previously was one of the creators of Auth Direct Inc which was bought out by ICOA. As part of his compensation, he received promissory notes and ICOA stock and also became a key employee for ICOA. When ICOA failed to keep making payments on the promissory notes, Mr. Quaintance, using his high level access within the company, began redirecting funds coming in from various ICOA income streams as a way to become self-compensated for his perceived loss of income due to the payments being stopped. Mr. Quaintance also attempted to transfer the following four domain names from ICOA's Domain Name Registrar to one of his own: www.airportnetworksolutions.com, www.airportwins.com, www.authdirect.com and www.authdirect.net .
These acts caused ICOA to file suit against Mr. Quaintance. Mr. Quaintance then filed a counter suit and the "war" was on.
[For those who would like to read the court filings that detail this information, they can be downloaded at 0.08 cents per page at www.pacer.gov or you can PM me and I can email you the "pertinent" documents that I downloaded myself, provided I'm not deluged with requests. ]
Interestingly enough, the end result of the "war" was that Mr. Quaintance's suit for $516,064.35, which included substantial legal penalty requests, was reduced back down to approximately what was remaining on the promissory notes, which was a grand total of $96,000.00 dollars. He was also fired from ICOA.
= The Form SB-2/A Private Placement
Since I was having a little difficulty in reading the document listed within the Docstoc window, I decided to go looking for the full SB-2 document, which I was lucky enough to find at:
http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=4201985&SessionID=ADoWHCg1k6TEkA7
And, after reading the entire document, I came to the conclusion that public corporations will, from time to time, issue stock as compensation for companies purchased, services rendered, etc. I also came to the conclusion that when public companies do this, that it tends to dilute the existing O/S structure. Furthermore, when public companies run out of existing shares, they will write a change to their bylaws that will increase their A/S so that the O/S can be diluted even more.
But, since engineering and not corporate finance is actually my strong suit, I will let the more "corporate finance" astute members verify my conclusions regarding the SB-2 document.
AND NOW, having said all of the above . . .
Do I now believe that their is substantial reason to suspect, much less believe, that the people running ICOA at the present moment are Scam Artists of the Highest Caliber?
Nope!
But, do I believe that their is substantial reason to keep an eye on these people?
Yup!
I mean, like, DUH, we ARE talking about a sub-sub penny stock, right?
plmcc
A general reply to our two resident skeptics, and all IMO . . .
It is my firm belief that ICOA will turn out to be a very profitable investment. I believe this based upon all of the current DD that has been posted over the past year or so. I also believe this because others on this board believe this as well.
So, why do I believe this in the face of our two resident skeptics' seemingly perpetual opinions that lack of news means probable disaster?
Well, simply because I've been part of top management in the past and as such I've seen what happens on a day to day basis when one or two people are trying to correct past wrongs. And especially when one or more of those past wrongs are very difficult to correct. It turns out that time is the biggest challenge. The longer it ticks away, the more difficult the past wrongs are to correct.
Now, this fact may be rather self-evident to those of us who've gone through the experience but it appears that at this point in the ongoing and seemingly perpetual discussion, pointing this out may not be all that bad of an idea.
So, what happens if I'm wrong? Then my "grown up" decision to purchase ICOA will turn out to be a bad idea.
But if I'm right, then my "grown up" decision will turn out to be a good idea.
So, am I worried sick to death about the lack of news? Nope. IMO, these things take time. Would I like George to be more accurate in his timing? Abso-freekin-lutely!
But, am I now going to start restating all of the above on an ongoing and perpetual basis in the hopes of causing as much warm fuzzies [the opposite of FUD] as possible?
Not Hardly. Why? Well, once again, IMO, it's quite simply uncessary.
I mean, we're all grownups here . . . Right?
plmcc
IMO, I'm leaning toward believing in a positive outcome for ICOA shareholders. It appears that both you and wiinvestor believe that the lack of evidence for my belief does NOT bode well for ICOA shareholders. But the truth of the matter is that neither I NOR you and wiinvestor have any evidence to prove either side is correct. Lack of evidence is not proof, it's merely a source for further negative conjecture. I, however, choose to conjecture to the positive side.
Can either side, at this point, prove otherwise?
So, I continue to enjoy reading your continuing saga of negative concerns. I would, however, enjoy your ongoing saga even more if it were couched in terms of true skepticism as opposed to serious negativity.
Last time I checked, there WAS a difference.
Yet Again, Said With The Highest Regards,
plmcc
Thank You, Lebron23.
plmcc
Still holding a 10,000,000 shares.
Go ICOA !!!
H'mm . . .
Both StockVoyager and Wiinvestor seem to have somewhat negative viewpoints on ICOA stock.
And they both seem to be very vocal about it, too.
I wonder why?
Thank You, AlanC !!!
plmcc
Hello All,
I'm new to this board so please forgive me if my question has already been answered:
Will new stock holders receive the same dividend as older stock holders or is there a date cutoff for the ownership of FFGO stock?
TIA,
plmcc
I have a question for anyone to answer:
Once a point has been made about ICOA, why is it that that same point needs to be restated OVER and OVER and OVER again?
I'm relatively new to the ihub boards, so I'd like a serious answer here, not just more of the same, please?
TIA,
plmcc
Hi James,
Nice job you've been doing !!!
Go ICOA !!!
plmcc
This company's stock could sky rocket to $1.00 a share and your response would probably be:
"Is that all you can do?"
Said With The Kindest Regards,
____
plmcc
That's funny. I was thinking the exact same thing earlier today. Ever see the Sam Peckinpah movie "Straw Dogs"?
plmcc
Just askin' a question, here.
Let's not get our knickers in a wad, now . . .
______
plmcc