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Friday, January 05, 2018 4:42:33 PM
What is more likely to happen in my opinion is Munro will out of the blue increase the AS from 1B to who knows what to keep the debt holders at bay while he waits for FINRA to approve his RS.
I'm still long ICLD and believe the company is headed in the right direction towards becoming cash flow positive and profitable. But as an investor in their stock I'm more concerned about appreciation in share price than how well Munro and his company does to be perfectly honest. The only way I can capitalize as an owner of their common stock is via appreciation of ICLD stock price.
SP doesn't always accurately reflect how good or bad the underlying company is. And there is nothing worse than investing in a good company with horrible stock performance. Been there done that lol.
At any rate, ICLD the stock has been in the trenches and in my opinion is long overdue a significant reversal in SP.
Full disclosure... I'm long ICLD now but do not plan to hold any of my shares post reverse split. I took a bath doing that the last time. It was brutal to say the least. Still haven't recovered from it but with my average cost per share pretty close to the current share price now a couple hundred percent increase in SP from here will make it all well worth the pain.
A couple/few hundred percent pop before the RS "could" happen and in my opinion isn't out of the realm of possibilities. That's why I'm still here. But if no pop in price I will exit stage left at any cost just prior to the RS if and when it becomes official. The way I look at it I can always buy back in post split once the price establishes a new base... assuming I even want to buy back in. I will make that determination after their next quarterly filing.
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