Funr (FUNR)

[SharonB]

The damage done from a technical analysis POV yesterday was extremely serious and negative. Not a single buy indicator. After a drop of 75% I can't even suspect we have an oversold situation.

One thing I have learned when speculating in Pink Sheet Stocks, there is always something new to consider. The overwhelming situations I experienced or have heard about have worked out to sell on the bad news or re-finance news. This is not the case, as I see it with ILCO.

We recently had a re-organization which indicated an expanded marketplace for our services. We have added two directors, a new President/CEO, and have referred to a Board of Directors for Northern Africa to oversee operations. According to well publicized informal info, we have good contacts in Libya and lots of experience in that part of the world.

The very fact Mr. Kadrija Hamzic, CEO & President decided to join ILCO so recently gives me reason to look for what this reverse split brings to the table. I have to believe he was aware of the RS and perhaps even insisted on it before agreeing to take on this project.

If I were wealthy, I can make a case for taking the price per share down, reducing the float to create volatility, and buying shares to reduce the float even further. The key is to keep the company closely controlled. The pathway to profit is through successful operations and the rewards coming in the form of dividends, not PPS. Whether they will take care of the minority shareholders remains to be seen.

Anyway, just food for thought. SharonB Barchart TA follows:
08/28/07 0.0006 0.0006 0.0002 0.0002 -0.0006 20299588 -75.00%

Composite Indicator
Trend Spotter TM Sell

Short Term Indicators
7 Day Average Directional Indicator Sell
10 - 8 Day Moving Average Hilo Channel Hold
20 Day Moving Average vs Price Sell
20 - 50 Day MACD Oscillator Hold
20 Day Bollinger Bands Hold

Short Term Indicators Average: 40% - Sell
20-Day Average Volume - 1002880

Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Sell
20 - 100 Day MACD Oscillator Sell
50 Day Parabolic Time/Price Sell

Medium Term Indicators Average: 75% - Sell
50-Day Average Volume - 635174

Long Term Indicators
60 Day Commodity Channel Index Hold
100 Day Moving Average vs Price Sell
50 - 100 Day MACD Oscillator Sell

Long Term Indicators Average: 67% - Sell
100-Day Average Volume - 1320032

Overall Average: 64% - Sell

Price Support Pivot Point Resistance
0.0013 0.0012 0.0013 0.0014

http://quotes.barchart.com/texpert.asp?sym=ILCO