Plandai Biotechnology Inc (PLPL)

[marylandstockguy]

I was literally about to type "I know you're getting sick of my broken record, but ICN*M...." The tweet by IC*NM today about "Awaiting customary confirmations for finalization of the audits" for both Eastwin8 and Icon Media themselves seems very big. 100 million shares traded over there today, and it's still a bit stuck, which to me is surprising. People love to flip...but I love them long-term.

Thing is though, again the broken record, this one has 3.5 billion less OS and 9 billion AS, and it's .0009 less share price. Yes, Icon has a binding LOI, but your point is still a good one - this is a clean shell and as Aqua has been saying, the annual report released on July 5 showed a pretty stunning turnaround in net income this year, around $12.7 million, versus $441,000 in net loss for the same period ending last year, per page 14 of the annual report. I think the audit here, PLUS that factor of net income that Aqua points out, are reasons to buy down here.