What an odd question.
I don't believe there are $25 million in convertible debt at a significant discount, thus not toxic. What, exactly, are you referring to? It requires you to provide a link to valid data, because I don't trust innuendo or gossip. If I can't find it in an SEC listing, it is not real. I have read them, over and over.
As far as the reverse split, it is minor, and intended to meet legal restrictions - you can't authorize more shares through a 'deal' then are authorized in todo - the AS. So, you reduce the OS and retain the AS, and all is well.
Just because there is room under the AS to liquidate debt to equity doesn't mean they will all do it - they really want the loan back with interest. The conversion is a last ditch effort to collect, thus it is called 'toxic', because it provides shares to the debtor at less than the current stock price, thus depressing the stock price. That is dilution. Dilution is nearly at an end at ICLD, if not already complete. They are setting up reserves of AS just for that purpose after the split, but only IF it becomes necessary.
You all may not realize it, but ICLD has an angel investor that doesn't want to see dilution. They are helping get them out of debt and to become profitable.
I know many of you can't even imagine the machinations of how business is done, and if you don't understand it, you should be investing in dog food stock, or something you do understand. Or maybe a monthly dividend stock, so you just collect checks instead of risking real money.
But if you want to make money on a real stock, you will have to learn about the company and not try to ride the short rises and falls of their stock. Those are artificial - the company is not. The company will always win out in the end, if it is on the right track. This one will go to Nasdaq and never look back to the OTC. And I'll be there with them, FAR better off than I am now.
