The three things that scare me when my money is trapped in a fake POS subpenny stock are these:
1. The CEO (a lying scumbag in his pajamas in Canada pretending to be a 37 person company in New Jersey)needs money so badly that he keeps diluting shares into the market sucking investors dry while the POS keeps hittong .0001 and then he.....
2. Does another reverse Split, splitting the atom down to the nucleus until it hits .0001 again and sucked the blood from another generation of investors....and then he.....
3. Shouts NO RS, yes folks NO RS whatsoever, so instead he increases the AS or the OS or whatever from 5 billion to 20 billion shares which pays a few more bills and he watches the thing stuck at .0001 with no ability to buy or sell and then it gets halted, skull and crossbones, 4000 angry investors, etc ...and then he....
4. Changes the name of the company, pretends it has a new state as HQ, Creates a new EXEC Board, switches from being a mining prospect company in Chile to a tech company focused on VR technology (or whatever thing is supposed to be a 5 billion dollar industry in the coming year). He tries to become the new company and hopefully attract a whole slew of new investors, hoping they will never backtrack and see all the damage he has done. ...and then he....
5. Goes to Hell and roasts for eternity with a pike shoved up his a$$.
So my point is this, ICNB and this CEO don't resemble this usual fake subpenny crap in any way. Instead we get someone who is trying to set things up for a bright future and obviously Christie is doing more than her part to legitimize this. The only downside for any of us is that this is still a pink sheet stock, not a listed stock so it still lives down in the cellar and has to hobnob with the OTC scum and as long as it is not listed it will be viewed suspiciously as another pinkie. The thing this CEO needs to do is hire a specialist in getting the company listed so that every transaction has proper filing and books are clean and transparent so that when the time comes this thing can rise above the pinkies and no longer be compared with them. But as long as it is still a pinkie, it will feel dirty to investors who have been burned again and again by the subpenny scam artists that rule the underworld.
Going long with ICNB is like buying Microsoft at 2 cents because you spot promise.
Sampleandhold :)
