You say the demand for shares is over 2B, but you are using a total over several months. It's the daily $ volume that will move the stock.

No way the 1:4 allows them to raise ~$44M. It gives them 375M available shares (500M AS - 125M OS after the split). Then, suppose the stock is .12 after the split. Multiply .12 x 375M shares and you get $4.5M. I think your decimal point was off :) $4.5M just puts a dent in the $28M convertible debt. They need another plan as well (e.g., asset sale, traditional financing, merger, etc.) Something else will happen IMO.

True. It's all just speculation.

But there would be no reason to do a RS since the existing common would be worthless. I don't think BK is in the cards. Maybe more dilution, but there could be good news to offset that. We will see soon enough

Looks like the 50 day MA is holding. Time to bounce and the next leg up!

Just a few days ago you posted "It will bounce like a hot air balloon after Q1 results" Has the RS changed your sentiment?

Sorry for doubting your post. They confirmed no RS scheduled, but according Judy at IR it will be announced one they get FINRA approval

No, I don't question anyone who has called since it confirms exactly with what IR told me.

Amen brother!

They did not disclose anything other than what is stated in the 10K. As my post stated, they were not at liberty to divulge their other plan to reduce debt other than the RS and asset sales. Instead of debating the FACTS, why don't you just call them? Are you afraid to hear what they told me for yourself?

Instead of doubting, why don't you call IR and ask for yourself? Investor Relations: 561-988-1988

Everything I stated is FACT. Call them yourself. Besides, it is all in the 10K so how is it BS again? Either call them of keep quiet because your post provides no value.

I guess BK is an option, but I don't think it is a high probability. They wouldn't waste time with FINRA to get approval for the RS is they plan to go BK. Also, they wouldn't sell assets before a BK, so no that one does not seem to fit here IMO

I look forward to any positive news, but really take what their IR says with a grain of salt. I really hope they have a plan that will help shareholders and that they can deliver. I urge others to call IR and see what other details you can get out of them.

For what its worth I spoke with the IR lady (Judy) this morning and this is what she said:
- confirmed they are waiting for FINRA to approve the RS and that the shareholders already approved
- confirmed it will be 1:4 RS and will happen as soon as FINRA approves
- confirmed they are doing the RS to provide more shares to be converted
- confirmed they are still working on another asset sale
- indicated that the asset sale will only put a dent in the remaining convertible debt
- agreed that even with the RS the additional shares that will be available will not be enough to payoff the outstanding convertibles at the current PPS.

Most on this board who can read the 10K and do basic math already know everything above, but she also said they have another plan that does not involve an asset sale or dilution to pay off the debt but she is not a liberty to discuss that option. This has me scratching my head. Maybe it is a refinancing of merger? Any thoughts? Maybe someone else can call to get more information...Investor Relations: 561-988-1988

This thing has strong support at .03 and could easily fly on debt restructure or asset sale news! I believe the company's strategy is to release such news prior to the RS to catch the short sellers off guard. It might be wishful thinking, but would be a great strategy if they want to really jack up the PPS.

There is no gap at .013. If you go to the link below it will show all gaps over the last 10 years. They are all filled and there is no gap at .013!
http://to.pythonanywhere.com/gapcheck
Posts that invent facts are not credible. Sorry!

If you can believe them.

They will be able to postpone the RS if they sell an asset for enough to pay off the senior convertible notes or if they can get traditional financing (or a combination of both). You never know, they could pull a rabbit!

That is my feeling as well.

To clarify further, you are posting here to warn people not to buy ICLD now since an RS is imminent? You feel the need to do this as a public service?

Bad comparison. DRYS had a huge short squeeze after the last RS. Maybe you were being sarcastic?

I'm don't agree he moved to a daily chart to make it seem worse. The daily chart actually shows an uptrend over the last month. He even said the bulls are still in control if you look at the big picture (e.g., the daily chart).

That be right!

I also forget to note, "stringing cables from tellys and setting up cell phone towers" can be very profitable so your argument there is weak.

This link confirms the gap was filled and YES that is good news.
http://to.pythonanywhere.com/gapcheck

The only good news from last week is that the gap is officially filled:Checking price gaps for ICLD. Looking back 10 year(s): 38 total gaps; 38 filled; 0 not filled.

Good points Hollygood. We'll see. I'm still holding and hoping for some good upside. Anyway you slice it .03 is a crazy valuation for this company. They just need some positive debt news. Then, I agree the RS is a non issue.

Sorry for dwelling on the RS thing. I've been through a few before in other stocks and can say they do not bode well in the near term. Since this is not a long term holding IMO, I hope they can pull a rabbit out the hat. The lack of transparency (e.g., no conference call) does not provide a feeling of confidence in management! Sorry, but that's how I see.

Here's are the near term options for this stock over the next few weeks:
Scenario 1 - No positive news and no RS - most likely stock moves sideways or down IMO
Scenario 2 - RS is done and there is no positive news - most likely results in 25% - 50$ drop in PPS
Scenario 3 - Positive news is announced and no RS near term - the stock will fly 300%
Scenario 4 - RS is done combined with asset sale or equivalent positive news - stock moves up 50% - 100%
I'm sure you can think of other scenarios. I'm hoping for #3, but will take #4.

It may hit that post split meaning its a .12 - .25 stock. Remember, after the split you will have 75% less shares.

Ok. I'll make it easier for you. It will drop more than 25% the day the RS is enacted and settle at a price no less than 50% lower than the price the day before the RS. Agree?

If the news is for an RS it will drop once it is announced. Let's see who is right. Mark this post.

LOL

Seems like an intelligent way to pay down debt and create shareholder equity at the same time. Not sure they care about that. They seem to take the easy way out always.

Yep. Anything can happen in OTC land. Its typically pump and dump and this one may be nearing the next pump...

Here's a probable scenario IMO:
1) PPS rises to .033 at time of RS
2) The new slit adjusted price becomes .132
3) The price resumes the long term down trend an quickly falls below .10 at which point the gap is filled.
4) From there it could keep dropping as shares are converted or maybe rise if they sell an asset an are able to prevent the converts.

Of course, I don't have a crystal ball, and am basing this on current trading patterns. It's anyone's guess really because we are in OTC land :)

According to the Gap Checker, the gap did not fill.
http://to.pythonanywhere.com/gapcheck

Translation: The gap is going to fill sooner or later. Why not wait for the price to drop? Although, it could go up then wait until after the RS to fill.

This board is strictly for entertainment purposes. No one here has a crystal ball.

Are you factoring in the RS? If so, you mean it will be trading at .0625? Correct?

FACT: Right now it's valued at .03.