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that's right Rome was not built in a month.
Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” my mentor Warren Buffett.(an experienced and trusted adviser).patience is the key here.
GREGG;your patience is admirable that explains your success and why so many followers you have accumulated through the years GLTYO my friend.
Adding more to my position today. The financial results reflects the continued elimination and restructuring of debt; the reduction of expenses and the overall strengthening of the Company’s balance sheet. 10 million revenue, Company had a loss from operations of $1.1 million if it wasn't for the noteholders, this stock would be trading at $.10 a share. My thesis is that somebody is scooping all these cheap shares while the opportunity presented itself. Once the up trend start it could run up up to 500% in a single day
LOSS IS ACTUALLY ONLY 1 MILLION'
Q3 ...xtinguishment of debt of $2.8 million,. interest expense of $1.2 million... Profit and Loss statement (or a "P&L" or an income statement), which reports on a company's income, expenses and profits over a period of time. It's so easy to read unless you're twisting it around.
Munro’s ability to maintain momentum towards debt clearance as well as some fresh contracts specially that hurricanes hitting press to demonstrate that the company can still attract business while in the midst of a restructuring. Let's see what are his optimism and clarity when he releases PR in a.m. ICLD'S definitely showing much improvement in revenue and margins that's a big plus now the market can see the light and the end of the tunnel.
The Basics. If you can read a nutrition label or a baseball box score, you can learn to read basic financial statements. ...
The increase in net loss was primarily due to a decrease in the gain from the change in derivatives of $8.0 million, an increase in the loss on extinguishment of debt of $2.8 million, and a decrease in gross profit of $2.9 million due to the sale of certain operating subsidiaries during 2017. Additionally, offsetting these declines, there were decreases in salaries and wages and selling, general and administrative expenses of $5.1 million and a decrease in interest expense of $1.2 million Revenue is up margin is up big.
you are absolutely correct At September 30, 2017, we had a working capital deficit of $41.1 million, as compared to a working capital deficit of $39.4 million at December 31, 2016.
As of September 30, 2017, we had cash of $0.8 million, which was exclusively denominated in U.S. dollars and consisted of bank deposits.
sorry it should be "inaccurate"
lots of and accurate information. 9.6 million in revenue, the stock is trading 0.004 that is so ridiculous. Based on one billion outstanding shares,stock fair value is $.09.
Q3 much better than Q2 revenue 9.6 million compared to 8.1 million. That lost was 5.5 million much lower than $(12.0) million in the second quarter of 2017.
The sale of asset is a attempt to realign ICLD’s business units around PROFITABLE HIGHER MARGIN work. That gives them the opportunity to continue to improve their P&L and balance sheet. This reorganization is providing them the changes necessary to attract conventional asset based lending solutions in order to fuel growth in our core areas. I think going forward Munro could sound like a tiger.
it's amazing isn't it?
Expect a better revenue Q3 Q4 historically better than Q1 and Q2. The last announcement of Eliminating over $7.2 Million of Subordinate Convertible Debt very positive for the upcoming Q3 as long as the company is able to maintain its trend of streamlining activity.The bottom line here is this isn't the same company today as it was in October 2016 and it will be a different company again.
IMHO.. Q3 could give a jumpstart to the up trend for the stock.
Positive sign T-trade getting smaller only only 1.7 million today.
Based on 1 billion OS,$8.1 million second quarter revenue, fair value 0.08.
A 1:4 reverse stock-split of the Company’s common stock was approved by the Company’s stockholders on August 29, 2016 at that time,ICLD was trading around $.60 a share. The main reason for the split was to qualify it for NASDAQ listing. THIS IS AMAZING .LOL
Exactly.. You are spot on. the bottom is IN even a NEWBIESSS know the opportunity is huge at this level..
First read my post so you can properly understand IT.
*OTC is very strict when it comes to regulation. It's not like NASDAQ which still takes about four months to get approval. With OCT it takes about the year to get approval.*
split Pay date=09/16/2008
ssplit Ex-date=08/01/2013.plit
split Ex-date=08/01/2013.
split. Pay date=07/12/2017.
At that time it was trading on NASDAQ as you can see above.LOL.
ICLD had 486 million shares when it was trading at $.11 a share pre split.
Today it has 1 billion authorized shares which approximately 800,000,000 is in the market the stock trades at .0055 do the math LOL.
REVERSE SPLIT IS NOT THAT EASY AS SOME MIGHT THINK.
OTC is very strict when it comes to regulation. It's not like NASDAQ which still takes about four months to get approval. With OTC it takes about the year to get approval. Just like the last time.
It takes 3 million to take total control of ICLD company.
I like the way it has been accumulating the last a few days.
EXACTLY.
ICLD enterprise value 38.7 million. Market capitalization less than 3 million anybody can easily snatch this company for 10 million.
NOTEHOLDERS DOES NOT SELL INTO AN OPEN MARKET. They sell it to a .Wholesaler then,Wholesalers can either keep it or sell it into the open market. That can be deceiving to shorts. Thinking that dilution is coming on the daily basis, they keep shorting so they can make profit. But, if the stock is not being sold back into the market, it can create a BIG short trap.
For those who don't know what T- trade is.
A t-trade shares are trades that actually occurred during trading hours, but were not registered until after hours. This is done to make the large sell order "invisible", so as not to influence the market negatively during regular hours.
I AM BACK IN DON'T WANT TO MISS THE TRAIN.
Volume is showing progress has been made.
Munro managed to dump 33 million shares not bad not bad.
While Larry is doing his dirty job calming everybody down
Munro just want to keep the price about 0.01 so his buddies can unload 650 million shares don't fall for it. they just want to steal your money so they can unload 650 million shares. it's just another bogus PR not even clarified. If he really cares, why doesn't he buy shares in the open market?
Reverse split is eminent of course unless you are delusional.
When the stock drops another 70 to 80% of it's value which is 99% fact. because now you have over 650 million more shares to come into the market, they must do another reverse split in order for the Convertible Noteholders to get their money out of selling.
Dumping my shares the opening, and I won't be silent.
this will tank big time tomorrow.
Management is definitely bunch of crooks.
They protect it their personal interest by preferred stock, now they are authorizing billions of shares.
reverse split is definitely on the card now. The board has anonymously approved the above actions. what bunch of bastards. they don't and even need shareholders approval.
Once again they are F..ing us up by authorizing another 500 million shares.
WOW this is disgusting if it drops below .01, the diluter will push the selling button up once because they know there is no moral value left. Can somebody e-mail the company and ask them how come they don't buy these cheap shares? After all their the one who's telling shareholders that the turnaround is intact So they must know something right?
Insider buying is the only solution to the bleeding.
they can accumulate a large chunk if they believed and see turn around.
Otherwise this bleeding will continue in a can get very ugly.
REVERSE SPLIT UNLIKELY TO HAPPEN WITHIN THE NEXT YEAR OR SO.
Delaware corporate law requires shareholder's approval for reverse split. Even if shareholders approves it, which I doubt,FNRA is very strict. ICLD applied for reverse split in August 29th 2016, it got approved July 11, 2017. Six months from now, this can be a different ball game.
HOW DO YOU KNOW? They won't be refinanced.
HOW DO YOU KNOW? They won't get more contracts knowing that they are in the lucrative business.
I just got 50% of my position. please continue by all means.
This is the moment I was saving my dry powder for.
Thank all the bashers for the hard work.
Very interesting action today. Keep your fingers close to the buying button. Buyers are showing strength.
Even if there is 20 to 30 million more shares available for dilution, the market will still absorb it. Because on the other end someone always knows the fact in advance. ''That the sellers are drying up''. It's possible that buying is coming from them.
they don't want to raise the eyebrows.
All I can say is that I love these spinning.
But it's okay as long as the mistake are admitted.
on the upside note, just keep monitoring very close.