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This is exactly what is posted on ST. You are posting info on a RS like it is a fact. Please proivide proof of your claim.
ICOA to Cancel 2nd Tranche of 1.3 Billion Shares Held by Related Parties
21 minutes ago - Close-up Media
Related Companies
Symbol Last %Chg
ICOA 0.0004 0.00%
As of 3:59 PM ET 11/8/10
ICOA, Inc. said that it has completed the documentation for the cancellation of the second tranche of 1.3 billion shares held by related parties.
In a release, the Company said that following up on its previous announcement on October 7, to reduce the existing issued and outstanding shares by over sixty-five percent over the next quarter, it executed the second cancellation earlier than was originally anticipated.
The Company said that it has set a goal to complete the remaining reduction of the existing issued and outstanding shares by the end of November 2010 rather than the original deadline of December. The steps necessary to complete this are currently under way.
The company has taken steps to revise and update its website by November 15th.
The Company noted that it is also working on the completion of the financials of the previous years. Since there has been no reporting for several years, this effort may take several more weeks.
ICOA, Inc. is a national supplier of wireless and wired broadband Internet networks in high-traffic public locations.
((Comments on this story may be sent to health@closeupmedia.com))
Agree we need the information. I am really hoping they start pushing out Financials and news this week in advance of the Website being updated but, I am worried they will wait till the 15th.
I assume that was our same Mr 911 painting at 4:00 on the nose. I must say you have your timing down perfect!
They have made a ton of commitments to be completed in November. I don't think we will have long to wait to see if this will sink or swim.
I agree. I know it has a bigger OS but, looks like the properties potential is much greater??
My thinking is they said the 15th for an updated Website. That might be their platform to launch info moving forward like they used to in the past. If you check out 2003-2006 they had tons of press releases. Just a thought.
I guess the reality is we will see on Monday. Can only hope....
Not a clue. I just found a trade at the very end of the day for 911 shares at .0005 suspicious. It may mean news it might be someone playing a gag.
Enjoy your weekend as well!
cheers
Most say it is a signal for pending news
This is going to be sweeeeet!!!
Anyone catch the 911 trade for .0005 at 3:59:49??
volume often comes just before news so could be.....
The volume should get some attention today. Be nice if this managed to climb back up to 5 though.
Wonder where we will find the support levels? Last run was back at .005?? It is going to go up soon but interesting to see how cheap we can get more shares...
Really well said! Everyone is responsible for their own DD. Someone posting positive messages on this board should not be put down.
I think the unification of the boards and management teams is huge and it also puts any doubt to rest about Allied. This should quiet some doubters...
News Out!
Strong buys at .0006 going through. This should move today.
The reality is it does not matter. If it drops you pick up more and cheaper.
Think about the company fundamentals here and it is at .0005!
This has no place to go but up. It might not be the 50 cents or dollar some people were saying but my bet is it will easily break .003 and then who knows. little risk in my opinion.
Nobody would be happier than me if something like that were to happen. It would be massive.
The release does however say "privately held Wi-Fi Company that specializes in providing Wi-Fi services to a large number of Multiple Dueling Units." IMO that might preclude some of the large Nationals. Sorry, just keeping it real.
I personally believe that past actions are a good indicator of future intentions and everything they have said they would do they have done.
Having said that if you even looked at the float of 1,764,192,107 and said that was the new OS at .0006 you have a market cap of just over $1M.
This company already has revenues, announced acquisition and a pending JV, how can it not be worth 3-5X current PPS?
if SHARE STRUCTURE quoted back on Oct 21st in message # 16658 was correct and after the last 1.3B reduction we were:
4,439,322,189 OS
1,764,192,107 Float
2,675,130,082 Restricted
subtract additional 1.3B and:
3,139,322,189 OS
1,764,192,107 Float
1,375,130,082 Restricted
Leaves a balance of 1.9B shares to be cancelled.
If they do as they said (and they have every time) this would wipe out the entire "Restricted" and reduce the Float to:
1,239,322,189 THIS WOULD BE AWESOME!!!!
IMAGINE this float with financial transparency, updated Website, Acquisition & Joint venture.
Anyone not getting in now is in my opinion nuts...
It really is funny that when you hear that name you know to check the news because something big is coming.
ICOA KEEPS DELIVERING ON PROMISES!!!!Let the people with weak hands sell, more for us in the long run.
just find it amazing that they (seperate companies) are allowed to communicate pricing to each other to push a proce in one direction or the other. Seems contrary to fair competition kinda?
Thanks
New to HESG and still doing my DD but having a challenge finding anything concrete around actual facts.
Assuming the vote goes well on the 2nd November why will it benefit HESG?
What do they own that will allow them to benefit?
Any details or explanation would be greatly appreciated.
Thanks!
Bid was 6, ask was 7 and someone sold at 5? How/Why
I agree and think the existing shareholders now know this is going up and have stopped selling at the lower levels. This will have to start climbing as people refuse to sell at 5/6.
87 Million Buys vs 25 Million Sells - Almost 3.5 X more buys.
Raise your ask!
That makes no sense. They have stated Financial disclosure within a few weeks so the reality is this will go up once that hits and people stop speculating. They are doing everything they have promised.
I really doubt it is dilution if they just cancelled 1.3 Billion shares???? Would make zero sense.
RAISE YOUR ASKS - let this fly. Anybody selling into news at .0006 is nuts.
They said as soon as possible for the business.
Agreed, appreciate the initiative and the fact that the info was shared with the group.
Too many people just posting emotion and nice to see some hard facts.
Has my vote.
Thank you for sharing! This is an awesome update.
Let's not forget they have promised financial transparency in their reporting to the Pink markets. Once actual current financial statements start flowing this will have no choince but to rightsize and go up:)
I am on the phone with Signature Stock Transfer right now and he is saying they no longer give info over the phone and said he will email me new policy stating you can only get the share structure through your brokerage house or the company themselves.
Agreed completely. I am a real long term investor and have 20-30 other stocks going but have to admit this one really excites me. IMO this stock will be a penny in short order and 5 cents within 6 months.