Friday, December 08, 2017 9:41:37 PM
TODAY a LOT of victims have been created in this bull trap.
Why would Munro issue a PR stating a possible RS up to 1:100, after expressedly promissing he would NOT do it, if he didn't feel the Grant Thornton lawsuit was not going to go in his favor.
If he loses the lawsuit and worse, if the Grant Thornton counter-lawsuit is disfavorable to ICLD, then they will need to accelerate the dilution machine to remain afloat.
Back in March, the PR issued gave us the impression that dilution was about to be over, they had reach the maximum allowed outstanding shares and they were reassuring us that debt was being paid.
Yet, they still had a lot more debt than they admitted and went right into a devastating RS.
If you think the Federal Reserve with it's Quantitative Easing money printing is theft, just look at the OTC dilution machine. It makes Federal Reserve Notes look like Bitcoin in comparison.
They are reducing debt by divesting cash flow assets. This means they are also reducing cash flow.
I refuse to collaborate with dilution crooks. I got in and I had 3,000,000 shares because I was hoping the dilution machine was about to end.
But all that talk of a possible huge reverse split, ahead of the Grant Thornton lawsuit results, is a big red flag to me. They must feel the need to cover their ass with a reverse split because they must feel that the lawsuit is not going to end up well for them.
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