The company is in a turnaround. Selling assets tends to decrease revenue. But they are improving the debt picture, which is how they got from over $1.00 to $0.01 in the first place.
By eliminating the 'toxic' debt, they will be able to stop diluting shares, and continue to pay off debt.
All this is spelled out in an 8K earlier this year. Looking at one annual report is insufficient to understand what is going on at ICLD. I have no doubt that it will eventually be back to $1, although it will probably be next year. This year, I expect all toxic debt to be eliminated, which should then set the stock price free.
Personally, I'm still green with several million shares, and have sold some at a profit. No big deal.
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