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So. Real Talk. Are they going to do a R/S at this rate?
YIIIKES!!!!!!!
I got laughed at when this was at .012 saying it would hit .005, try me again.
I’m good at pointing out the turds. This turned out to be a hot steamy one. I’ll try to flip this on the .001-.002 range to make my losses back.
Unbelievable. I can’t believe how low this is going to go. Trips are a legit possibility.
maybe you can admit I was right when I said this was heading to .005 and now probably much lower. could hit .001-.002 at this rate.
me too bro I've lost a good chunk of change on this. You'd think this has a big run in it down the road but right now, yikes. I think they're just opening up the A/S to pay off their debt and their acquisitions. This is a nasty one.
I think that would send it to trips immediately
more like desperate to get rid of their shares. this is going to .001
lol someone bought a couple mil shares in the high .005s just to watch it head to .004s LOL
you are going to be 100% correct my friend
They released news that means a 20% drop. Piece of garbage.
There were over 200m shares traded yesterday and 3/4 of them were DUMPS. Huge dumps under the bid. You don’t panic sell that amount of shares.
What support??? We will probably see .004s today. Maybe even .003s.
patience is one thing the other is why not just be transparent? no reason not to release the revenue of these companies they're acquiring to justify the price they're paying. no reason at all. these acquisitions were announced months ago.
the problem is lack of transparency. they claim they cancelled debt but we don't know how. they claim they're financing 400m in "acquisitions" with preferred shares but we don't know how many or what structure, or if they dilute. they claim their acquisitions have closed but we don't have paperwork to prove it. we don't know the revenues of the companies they acquired. it's all fluffy bs
might want to check what I said before you responded to me here, except now my bottom prediction is much lower
when I smell a crooked stock doing unscrupulous things I like to warn people. I banged the table about QNTA all summer and ended up being spot on about that scam. they are under investigation by the SEC right now. Now I'm seeing some sketchy things in ICOA. Wish it wasn't so because I did really like this stock and the news has all been good on the surface, but when you see this kind of volume with heavy move downs and no negative reason to justify it you just have to wonder what is really going on and it is not going to be good. I really hope this is just accumulation based off of a downtrend and manipulation but it's hard to believe that at this time.
lmfao legitimate companies. a legitimate company is google or amazon. you think ICOA with a stock trading at .0067 and a balance sheet showing $2 in hard assets is a legitmate company??? LOLLLLLLLLLL
it's possible but I don't think we'd see those huge block trades below the bid if it was just retail selling. These guys are probably taking out convertible notes with dilution. crazy high volume for a piece of garbage going down. it's gotta be dilution and they're not even hiding it.
We need to see an updated OS. This is ugly. 20m shares dumped? Let's get real. This is probably diluted to piss and they already had 5.9b in the OS. Looking like a wet brown turd right now.
I think this might genuinely return to .001
sometimes they never recover though. i'm not hopeful about this right now
we will see, i hope it's just accumulation and the entire otc market is being destroyed right now
mjwl had a WAY lower OS count. So does FERN. ICOA is just being murdered because the OS is ridiculous. they cancelled shares and now they appear to be adding them right back.
not today, not this week. maybe in january. i think this still hasn't found the bottom. I'm pulling cash out of other positions to avg down in this turd.
There were many like that yesterday. it's ugly. another 100m volume day down 10%.
might see .005s today, no hope for this right now. it's being killed.
the dumping of large shares under the bid is sketchy AF. 6m just dumped under the bid. You have to assume they are diluting. They aren't doing a great job of hiding it.
it could legitimately return to the .001-.002 range with an OS that size.
just turning into a heaping pile of trash
oh it will reverse, but when is another question. entire market is heading south right now with omicron and crap. OTC is in dumpfest tax loss season
the OTC market is in a complete dumpfest freefall right now, no signs of reversal anywhere right now IMO
There's a lot of crooked stuff going on in the OTC market right now. Maybe ICOA has nothing to do with it and is a victim of the declining market overall. But I smell dilution when I see a 100m volume day with large orders getting dumped below the bid.
lol finishing at about a 2 month low instead
volume has disappeared. my assumption is someone ran this up and is gonna dump it back down. float is still very low. seemed like an easy bottom play.
the basis is the high volume and big chunk trades BELOW the bid. seen 7m dumped, 4m dumped, all under the current bid at the time. gonna push 100m in volume today at this rate and the price continues to drop. not saying it is, but that could definitely be dilution.
Could be dilution. Would be hilarious if they cancelled shares just to dilute. Such a classic OTC scam that would be.
stalling out it seems, still think we're moving past .006? tested it a couple times this morning
I still own some shares of ICOA but have had to sell because of the price action lately. Anything sold over .01 last week was such a gift.