Icoa Inc (ICOA)

[JPS02]

Anyone notice the $484.2 million shareholders' equity positive balance presented in the last quarterly report!?! This is rare to see on the OTC. What is driving the positive equity balance is the large goodwill balance recorded on the assets side of the balance sheet.

https://www.otcmarkets.com/otcapi/company/financial-report/361435/content

If you take take the $484.2 million equity and divide it by the current o/s of 5,983,415,755 shares, you get an accounting book value of $0.0809/share before considering any P/E multiples for the market value of the shares. I do not often see such a book value on the otc.

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

The key assumption is that the goodwill balance presented on the assets side of the balance sheet is accurately valued, since this asset is driving the positive equity balance.

Let's get that CE off already!

Go ICOA!