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2’s just fell!! This one’s about to pop!!
I mean that’s $100,000 being exchanged in 30 minutes on a 0.0001 stock. Something is definitely up. Excited for the next few days for sure.
Yea I’m holding as well. Excited to see what’s in store for tomorrow!
.0002 should come very soon with the accumulation we have been seeing
Loving this action here. The ask is falling and buys are coming in.
I think so. This is definitely nice to see.
I’d be very happy with .003 which is very possible. This thing has run in the past and certainly can again. This is why the OTC is fun!!
HUGE volume today. Over 14 million shares!! There’s some life here, yet!
One of these days this is gonna pop off. Glad to see some action today, even if it wasn’t much.
Maybe something’s up. Maybe someone wants to know OS so they can hop on this shell!
If a company looking for a cheap shell picks ICNM, we’ll see an easy 3x-5x price increase, perhaps more. I’m loaded up and I can be patient until then. Excited for the day I wake up to that news $$$
Why do all businesses have to either succeed or be a scam? Can't there be some that just fail...
This is what I said earlier!
TMPS never filed an S-1 before, which is why I restate that I believe this is only merely a cleaning up of old bookkeeping. All in my humble opinion, though.
Honestly, I'm not entirely sure. I won't pretend to understand the entirety of the S-1, but I believe it may be further cleaning up of the warrants and shares of past management.
I believe the old CACG info on pages 31-32 of the form are there for formality's sake. I still think we have to be patient before any M&A news comes our way. All this is merely my humble opinion, though.
CACG (Chart Acquisition) was the ticker that TMPS was derived from in August 2015 and has nothing to do with the current ticker that holds that name, ClearBridge All Cap Growth. That news article from 2 years ago is not pertinent to today.
This time around, though, the RS vote is taking place before the AS increase vote. Not sure if this reflects the hearts of management to now wish for a RS, or if it's merely ancillary overthinking on my part.
Either way, I don't think it changes the incredible value that will be unlocked by CYDY shareholders as PRO-140 continues its road to approval.
You have to factor in the 100-120 million warrants outstanding as well. So if there is 200 mil shares, plus 100 mil warrants, a $1 billion BO would equate to about $3.33 a share (still very solid from here.)
How can Johan sell his shares? For the umpteenth time, please provide proof as to how he is allowed to sell shares before April 2018...
I believe today's price action to be a combination of warrants converting, and flippers getting out from the recent run to $1. Once these last few warrants convert, I believe we see an organic climb in share price that further reflects the value of the company.
It's clearly undervalued at this point with revenue like this, and once Johan finishes clearing house of these warrants, we're gonna see some big things imo
Also a possibility. Either of the two possibilities will see an increase in SP that will be fun to be a part of!
Solid work, thank you.
But do some of those 650,000,000 of the former CEO's shares being retired come from some sort of preferred stock with a high conversion rate? My question being that it's not like 650,000,000 of the actual OS is being dumped, but just Bill's personal stash of shares that converted?
I'm merely asking, as I'm new here and looking to get in if this really is turning around. Any info is appreciated :)
Hasn't Deakin done RS's with ICNM in the past? So he would therefore know the protocol for filing them efficiently and effectively? I still don't believe this ambiguous filing from 3 weeks ago is an "imminent" RS.
That's definitely not what the word imminent means and 3 weeks is a long time to have had to wait and hear nothing materiel from the company or the official share structure.
I believe ICNM has plans for what they're doing and I choose to trust management until they make me a fool for doing so. It hasn't happened yet and an LOI is better than nothing. So far I've seen a CEO who has promised things, and has taken the next steps toward delivering them.
With that said, I'll see you guys later. I believe in ICNM, and I certainly am not giving up on it. I am, however, giving up on expecting meaningful discussion here.
You're not missing anything (as far as I can see.) I see this as incredibly undervalued as it'll be trading far below cash value with the sale of PCT. Listening to their CC today, they said they're fully funded through 2018 and they have grants to pay for their ongoing Phase II trial. Solid balance sheet and business plan going forward.
I think we see a strong price movement headed towards cash value beginning tomorrow morning and continuing in the coming weeks.
First off, management not taking pay is NOT new. That has been the case for a while now.
Also, with what money could they acquire a company unless they diluted shares? As a trip zero penny stock they aren't gonna have money on hand to just purchase another company. We must have realistic expectations here.
No one likes the effect dilution has on the share price, but the company receives money as a direct result from it. What they do with that money, we shall see, but if they use it for a merger or acquisition, we will have been glad they diluted.
How could he even give an update on the Form 10? It's not in his hands. It'd be unreasonable to even expect an update on that front unless you don't understand how the process works?
Also, Rob cannot give an update on acquisitions for similar reasons. He can't say anything materiel until they are current.
Expectations must be grounded in reality. This is a stock trading at 0.0001 and many expectations are pie in the sky.
I was very thankful to hear the leader of this company be direct with where they're at, empathizing with the stock price because he too has skin in the game (RS would hurt him dearly as he has a deferred salary and only shares as compensation thus far).
For anyone with L2 access, is that MM that showed up on 4/13 still there on the bid? I believe the name was ARXS (Arxis Capital) and someone had said they show up usually a "few weeks before a run."
Do you guys think the DTC eligibility was solely for the purpose of diluting through GHS LLC? They announced GHS' financing on 3/7, and then the DTC approval on 3/28. Since 3/28 we've seen tons of dilution take place.
I've been long here and I hope the adding of shares is for good instead of evil, but my patience is wearing thin.
Great info, thank you! I'm excited for the near future here.
That's not a correct usage of the word infinite. There are certainly not an infinite number of shares to dump. At least be accurate with what you say. The OS is somewhere in the mid 6 billions right now and the AS is 10 billion. So they have 3+ billion left to dump if they so choose.
Yea, I saw that too. Someone spent over $9,000 to make sure they got in today before the close. Interesting...
I remember that as well. That was around when I first starting my DD on ICNM. We ran to 6s on no real news, and less volume even than today. It's gonna be a fun ride. Something is definitely brewing, and today's PR shows that this company is doing the right things.
I appreciate the level headedness with which you posted. And I always welcome a book recommendation. I'm currently reading The Abolition of Man by C.S. Lewis and Mushrooms on the Moor by F.W. Boreham (free on kindle), but I definitely added The Dhando Investor to my list.
The high volume selloff also baffled me and I would love for it to precede news this Tuesday or Wednesday, or perhaps the next. A few weeks back some posted a response from IR that they were working on their next PR and would release it "in the coming days." That hazy timeline leaves room for speculation, but it's nice to hear such a response. I emailed IR today so we shall see how timely they respond and if there's any materiel information.
Why is everyone all of a sudden out? Does this massive volume of 663 million mean nothing? Has anything changed other than the emotions of impatient holders here?
Volume precedes price. This volume has to mean something, and I don't think it means the sky is falling.
This would indeed be indicative of a golden quarter. I'm hoping this is exactly why they brought Anthony in. My anxious waiting is stretching my patience, but I echo the board here that the data will be the telling thing, and I trust what we've den thus far.
Good to have you back! I know we're all getting antsy here, myself not an exception, but I still believe we get positive BTD news very soon, potentially after Phase 3 PE results, but still possibly before then. These next 10 trading days will be interesting.
The focus is still on the science. No side effects means this will be big, how big remains to be seen.
I got the StreetInsider alert. No details though. If anyone finds anything more material, please share it here!
Very wise post. I agree with the order of the things to come and the expediency with which we are approaching those things (P3 Adjunct and BTD approval.)