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WOO HOO ! Looks like about $30,000 has been sold off. Dont get upset at ICPA common holders, they realize its a sellers opportunity at this price.
The Value in ICPA has not chnged. Dilution will bring this down to sub penny again.
It's a no-brainer !
Perchy,
Dont get me wrong...I like ICPA.
I would much rather own 2 million shares at 2 cents, than 2 million shares at 4 cents. The difference is about $40,000. More $ to average down.
I think it would only be smart to take this sub-penny and then build again. That is what I am waiting for now.
You make the money when you buy, NOT when you sell.
I hate to agree with you.
What he said may have been truthful at the time he said it. A lot of time has passed and the action of the PPS speaks for itself.
There is a difference between penny world and the real world.
a difference between hard assets and fluff, a difference between true revenue and what if.
Regardless, ICPA is a cash cow if you play it right. ANYTIME I can cash in a 10 bagger I WILL. And who cares if the taxes are huge.
I would much rather pay 40% tax on $400,000 than 15% tax on $1500
The cost of doing business.
They already stated in the agreement that they will issue shares. The more they issue ,the more DILUTED the company becomes thus lowering PPS.
If that is the case and the filing states the shares will be exchanged for punch TV assets, this means either the shares from the restricted holders are being exchanged for assets or new shares are being issued.
Fake vitamins can run to $3 with a low float. But a 3 cent stock with 2 billion shares issued and possibly more authorized?
"The Float will not change"
"after the deal with punch the Float will not change"
Between the Quarterly/interview and the signing of the punch deal, The float MAY have changed, therefore the statements are true.(bulletin board stocks can get away with a lot)
At the time of the interview, there were 600mil outstanding shares of which 2/3 were restricted. The value of ICPA was about $30mil " you take the outstanding shares and multiply by the share price"
So the statements of NO-DILUTION are eroneous. If there is NO-DILUTION, there would NOT be the selling unless it is so clear of the dilution.
My guess the only way ICPA could get to $1 plus per share and to attract more serious investors is to do a REVERSE SPLIT and get the total shares issued down below 50 million which possibly by now there is $2billion outstanding shares for common. About a 1 for 40 reverse split. ICPA has done this before it seems. Or, it could be sub-penny and a share buy back will occur. Either way, this will be in sub-penny before too long.
CONCLUSION: dont be a bag holder of a dream. Wait again for the sub-penny's to get here, then take a look at it.
Ok,
I will be looking forward to information suggesting Mr Cuban is not interested in ICPA.
Until then, I will Gamble with Gambling money and buy ICPA shares at the rate of $40K per million shares or less.
So the cheaper I can get shares, the better if my stradegy works.
Ok, interesting news out today
On CNBC, Mr. Cuban talked. He sold 160.000 shares of Facebook. He said it was gamblin money. Doing the math about $5 million to gamnle with.
He mentioned his view of where TV was going.
People have mentioned Mr Cuban possibly investing in this ICPA, He sold his FB already, Looking for a quick buck.
maybe a possibility
Pickering, Pasteli,Brooks and Marcone LLP.
Camden, NJ
29.7 Million shares available
In a pickle? In a Bind? margin call?
all or none
Remember yesterday, all the posts that stated "slap that ask" well, they are all gone today.
Scared and quietly covering.
" I pity the Fool"
that was "sold" on the short side.
Just close your eyes and pray that the price does not rise.
About 30 - 40% of the daily sales are back to cover old short positions ( shorting to cover) or playing "catch" especially in FLA. Meanwhile impatient holders are too weak to hold, therefore 10-20% of the sales are of desperation and falling right into the hands of the same aquiring long positions. Its the oldest game in the book, plenty to sell into a cover if needed. Dont believe all you hear here, especially those that type with different accents under one screen name.
In all reality, selling to make money is no real way to make money. You make it on the buy, not the sell.
There is not enough volume yet to get excited about selling. If it goes down on a few 100k, it is ONLY a buy signal for those who can.
There is a few groups around, mainly trading clubs but a few hard core slammers. the groups are spread out, mainly south florida
Tampa/Clearwater
North Miami/Tamiami
Biscayne/Largo
Tea Table/Islamorada
but mainly the guys up Suwanee/Panama city
Be careful if there is a buck to be made, they are known to bust the short side and they will never see it coming.
and $400k aint even half a buck
I Can See!!
IC Places I-Phone I-Pod I-Pad and what? IC-TV ?
It's all coming together. This nickle and dime trading back and forth means nothing.
Watch and learn what a guy could do with $50k. This is hilarious.
Try and cover.....haha !
so 900 k shares is 36 thousand. Big money ! haha ...a drop in the bucket.
Bottom Line on questioning is "how many shares were issued?"
the majority of my shares are sub penny and I have not sold one share. Total investment for me is less than $25k
Not bad I guess for 7.6 mil shares eh?
About Stock Shares
1. Authorized shares 2 billion
2. Issued shares 660 million
3. the share float 220 million
"shares were issued but the float will not change" means the total issued shares coubt rises
Steve said what is the company worth? it;s easy, you multiply the issued which is 660 million times the share price .05 is approx $33 million.
Steve said that during the interview. After the deal was done with Punch TV. Steve said " the float will not change", Steve did NOT say the issued shares will increase, Steve did not say the restricted shares will increase.
1. did ICPA issue "new" restricted shares to punch tv therefore dilluting the stock?
2. Did ICPA "restricted shareholders" forfeit shares to exchange for punch tv therefore adding more restricted "insider" holdings?
People on this board are yelling "no dillution", is there a possibility the 900k restricted share sale by Steve was the NET purchase price for Punch TV?
I heard it said 2 people own 60million shares between them.
Some people dont kiss and tell.
Only $350,000 worth of stock was traded today. Equalling about 1% issued or 3% of float. Only flippers !
Would not worry about it unless 20% of float sold in one day which would be about 50 million shares.
Back in the day we tried to toss shares back and forth, stacking the bids and asks which were hidden from L2. The only thing we gained was a margin call and dropped $800k in 15 minutes.
I know the feeling Rich, it is sickening. You cant beat momentum.
Tomorrow will be an open day to cover.
Good luck to you.
Lets just hope you dont find out that she has BALLS !
It is all about "enterprise Value"
"People laughed at me when I said China will implode and the Brics will crumble. People laughed at me when I said Oil is a naturally re-occuring process, and it will be at $40 before $150 bbl. People laughed at me when I said The dollar is strong and the US has plenty of money because they stole it fair and square."
"You can't ever predict what people will do, but when they decide to do something they do it all at once."
" I dont care about the price of facebook, I just want to be a part or the IPO"
Yep ! Thats how you make money !
You make the money on the buy side !
The key to being a profitable trader is buying correctly.
Emotionless but gutsy buying.
In at .0038
Selling 1 Million shares for 30K....NOT !
Mr. Samblis evidently knows as of May 1 something huge is down the pike for ICPA. Doing the math and reviewing form 144 does not add up for a mere 30-50K. I am sure he can find 30-50K if he needs it without selling shares. Now, if you are talking 500k to 1mil, thats a diff situation. Sounds like within the next 60 days will be a definite large spike .50 to 1.00 or more. Not a pumper here, just I have never seen anything spike and hold as well as this ICPA.
What is funny, is all the info on this board such as the 30-50% shorting daily into open arms or buying to cover old positions. Sounds as if there was a possibility of short selling this ICPA, the cover is becoming more and more desperate as the days move forward.
In at .0036
Try some creamer in your coffee ! Lighten up a bit !
People, Places and Things
1. You need people (facebook)
2. People like to go Places ( ICPL or easier "Placebook" )
3. People like to buy things ( "Stuff" )
Facebook: Telephone book
ICPlaces: The old travel guide ( arizona highways, AAA Magazine, People etc. )
Stuff: The old Sears catalog
Nothing has changed, just becoming easier and easier to purchase.
Market share ! or better yet MERGE!
Most definitely, the new posters come along now. The chartists are back at it. And some of the old posters from sub penny days are back.
Smells like a run up ! Smells like a big gap up in AM. Smells like a PR on way.
Thank you all for posting.