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There is a big short interest. I bet the short interest is between 75 and 125M shares.
I am crazy!
I just grabbed 1.9M of ILCO at .0015 and they did not move the ask.
Tomorrow this NASDAQ will release the monthly short interest report for the month of July (as of July 3rd I believe) and it will include the short interest for all OTCBB and Pink sheet stocks.
I tend to agree. I am not sure why I have stuck around with this one..but I picked up some more at .0011 and .0012. The fact they have not really diluted makes me think they have something going..and are waiting to make it work.
Well there is not much else they can say if they are truely getting financing and new contracts in order. I believe in what they are doing - granted it is a leap of faith as all Pinks are - I will sit tight and wait it out. The upside potential is much greater that the downside.
As long as the insider are holding about 45% of the oustanding shares I have faith. I check on it by calling the transfer agent every couple of weeks. The insiders hold 312M of the 661M O/S.
Being on the SHO list does not help.
Tomorrow will be a big day for ILCO - short covering...like clockwork every 1st of the month.
The chart for ILCO is setting up like it did last fall. Look for volume at the beginning of June (next week) when people need to cover their short position.
I think that we will see many more updates and contracts between now and the end of the third quarter.
They way that the PR was worded was vaugue, it could have meant that they think they are going to fufilling contracts by the end of the third quarter...it does not mean nothing will happen between now and then..i.e. announcing the final terms of the financing agreement and new contracts.
The 30M volume day on May 1st says it all for me..there was someone that made a large investment with no regard for price.
I would say that the higer highs and higher lows is significant. The chart looks good.
Look at the CMF.
The stock price will go at some point.
Holding the 50 dma. just need some news and volume. no interest as of yet on ilco.
I tend to agree with you on ILCO. Usually at the beginning of each month there is some volume related to people truing up their books. But the early and consistent volume on Monday was someone in the know. I have been wrong before on this one but the lack of volume the last few days and at the end of last week lends me that theory.
Could be an add for Prozac, but I think ILCO is acting nicely now. Monday was a good day with volume....and the last few days there has been a little retrace but it was on no volume.
Chart on ILCO looking up. Higher highs and higher lows.
One of the biggest volume days in the stocks existence. Typically there is some covering/position building at the beginning of each month...but the way the volume came out of the gate today..some good news must be emminent.
The 100 share trade at the close could have been a retail trade where someone wants too see if they would move the bid or the ask. I would not read into too much.
Bounced off the 50 DMA today. Looks like the upward channel is still intact.
I have said all along that I think management has been waiting to have something to say (financing, more contracts), before they say anything.
Given the region of the world that they are working in; things move slower.
ILCO news soon. Nice volume and uptick at the EOD.
Settle down ballyhoo. I apologize.
If you contact the company they will tell you.
Well I knew the number of outstading shares was 626M and I call the transfer agent periodically to see what the float is. Standard Register is the transfer agent and their number is (801) 571-8844.
They can tell you the number of authorized, outstanding and restricted shares.
ILCO only added 35M onto 626M, but I agree when the 50 and 200 cross could go.
Each trade is an event! Pathetic right now.
ILCO off the SHO list today.
ILCO close to a nice technical breakout. 50 and 200 DMA averages are .0028 and .0033 respectively.
ILCO .0026x.0027 tightening up.
Coolio, I am patient..been in since October..recently added in the .0021 t0 .0025 range.
Not much happening today...no trades in the PM. BxA higher than last trade.
Looking for a break of .0028 this week. The weekly chart is starting to get better.
Did you get them?
We are starting to get noticed...need to break out the channel for the traders to notice..and then if the company can follow through with the business plan we will really be in business. I doubled by position down at .0023 at the beginning of February so I am ready to go.
I was referring more to the MM's...who I think I have been pounding this into the ground over the last few months.
If we can get these naked and other shorts to cover we could be in business.
Well the thing I am most excited about is the fact that ILCO is trading "right" again.
WEEEEEEEEEE
That PR is a scam
Yep ILCO is ready, needs volume and also needs to break the .0028 trendline.
ILCO someone hit the ask!
ILCO getting ready to go