Monday, September 25, 2017 3:25:22 PM
First we are told that ICRD is in talks
with "an income producing" merger partner.
Next we are promised an update which never comes.
Then I post this on the seventeenth.
Post # of 2390
Strange stock action...
Every time there is a bid for size (100,000 plus)
it gets whacked.
This stock is not acting like it's a merger candidate.
Where is the LOI IVS promised us two weeks ago.
Next we are promised a weekend update. I believed
like many of you that it would be positive.
Then comes the bombshell.
"International Card Establishment, Inc. & Media G3, Inc. Filings have been made to discharge our custodianships for both companies. Inconsistencies with previous management deals, company subsidiaries, and/or overwhelming outstanding debt were factors in our decision. At this time we see no benefit to shareholders to move forward with either company."
Why lump the two companies together. I don't care about
Media G3.
What is it specifically about ICRD that Ms. Long didn't like?
Was it the "previous management deals, company subsidiaries, and/or the overwhelming outstanding debt."
Then this morning as a direct result of her
"weekend update" ICRD stock tanks and a brave
mystery buyer buys a million plus shares of ICRD
at bargain basement prices.
On a positive note...ICRD is still in play. Irregardless
of what Ms. Long thinks, I believe ICRD is still a viable
shell. I have not sold one single share.
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