ICNM DD...A bargain at .0001 IMO…and could be a great short term flip if that’s what you’re into or even a long term hold for a much greater payoff. In Feb 2017 it hit .0005 so there are eyes on this stock waiting for the news next week.
ICNM filed to go dark in 2005. They have been working on filings for 2014, 15 and 2016 in order to become SEC Compliant again. 14 and 15 are complete and 2016 was said to be near completion in late March 2017.
They recently divested their B2B business and currently focus on operating subsidiaries that specialize in wireless infrastructure services and 5G including their subsidiary called Spectrum Velocity.
BACKGROUND Issuers’ Initial Disclosure Obligations 1) Name of the issuer and its predecessors (if any) Icon Media Holdings, Inc. (March 2011-present) USA Signal Technology, Inc. (Sep 1998-Mar 2011)
2) Company Headquarters 5520 McNeely Drive Suite 101 Raleigh, NC 27606 Tel: 919-237-5700 Fax 919-237-5720 info@iconmediaholdings.com www.iconmediaholdings.com
Per the Nevada SOS they are active and have 3.6bil shares outstanding (as of Dec 31) with a 10bil AS. The current float is appx 1.7bil as of Dec 31, 2016. There has been dilution here since December 31. The company has admitted they are actively trying to clean up their balance sheet.
If anyone says they have an investment philosophy, remind them that a monkey picked a winning portfolio over a fund manager...then fling your poop at them.
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