Icoa Inc (ICOA)

[dtotheb]

Agreed!

Since your account is brand new (from today), I'm happy to do the legwork for you to help you catch up:

The corporate website listed in the OTCMarkets profile for ICOA is gone:

http://www.icoacorp.com/

You can see that the above site is on their OTCMarkets profile here:

https://www.otcmarkets.com/stock/ICOA/profile

OTCMarkets show that the last financial report was in 2014 and they were insolvent (almost $15 million in debt; operating at over $1 million loss):

https://www.otcmarkets.com/stock/ICOA/financials

The CEO didn't pay payroll taxes to the tune of almost $1 million according to a summary judgement against ICOA's executive officers that same year:

https://www.govinfo.gov/content/pkg/USCOURTS-rid-1_12-cv-00695/pdf/USCOURTS-rid-1_12-cv-00695-0.pdf

They also never paid other companies that secured financing for them back in 2006, according this court case:

https://www.govinfo.gov/app/details/USCOURTS-rid-1_04-cv-00435/USCOURTS-rid-1_04-cv-00435-0/context

ICOA's security counsel, Thomas J Craft Jr, is currently (Dec 2020) being criminally charged by the U.S. Attorney's Office for the Southern District of New York for participating in a scheme to fraudulently facilitate the sale of millions of shares of microcap securities to retail investors:

https://www.sec.gov/litigation/litreleases/2020/lr24973.htm

You can see his name all over ICOA disclosures here:

https://www.otcmarkets.com/stock/ICOA/disclosure

The biggest concern is that the SEC changed rule 15c2-11 to protect retail investors from fraud late last year, requiring companies to maintain current financials or face being delisted:

https://www.sec.gov/news/press-release/2020-212

If someone invests money into this symbol and it is delisted, they will not be able to sell for a loss.