Wise Investments

[Scrooge McDuck]

Wise, re; ILCC......
Of the many things most Penny stocks have in common, being an IPO,(or close to it), isn't one of them.
We are used to seeing companies that have been around for a while, have done a split or two and are still looking for that 'hook' to become successful and, Usually, we buy into their latest scam and get screwed.

We are so used to this in the OTCBB that when an exception comes along we don't recognize it.
ILCC is one of those exceptions.....

This company is less than a year old.
They have a product in a market that's always hot, (medical) and they are struggling to market it.
Anyone who is familiar with what a company has to do through to get new medical products to the public can appreciate what this company has gone through.
Government Health Agency approval often takes years, especially in the US.

Island Critical has jumped through all the Government hoops to get approval from the various health organizations worldwide, including the United States!
Now, all the legal roadblocks have been passed and all they have to do is sell it......and that's the problem!

Marketing their medical device takes money and, although they appear to have sold a few,(couple, one?), any revenue produced is negligible.
So, they have to do what most newly listed companies do, issue stock to pay the bills,........ but there is a difference.
ILCC registered 7.5 M free-trading shares a few weeks ago (S-8).
Normally, most of the shares issued in this manner would go to line the pockets of management, but this doesn't seem to be the case here.
In the S-8 the company plainly stated that these shares are being used in lieu of cash to pay consultants and creditors.
The plan was fully accepted by the other parties.

Making the shares "free-trading" is probably one of the concessions the company had to make to get compliance.........Therein lies the problem.

Now, those consultants, creditors, or whatever they are, are dumping stock before the ink can even dry on the certs.
And rightly so........they want to get paid for their service.

We, as Penny Players see this happening and say, "OHMYGOD! Here they go diluting the OS and pushing the pps down the toilet.
But, are they?.....Or is that a knee-jerk reaction from investors?

The "dilution" increases the OS from 24,101,761M to 31,596,761M.
How bad is an OS of 31.6M....really?

IMO, when the dumping in finished, those who have bought shares at this level couldn't be in a better position.

The company now faces the real test........can they sell it?
So far, it appears that they have been honest with their information and, personally, I'll be very surprised if the next earnings announcement isn't the beginning of a nice uptrend in the PPS.
Most certainly, the Canadian Government believes them and is funding them to prove it.
What better endorsement can you ask for?
(as usual.....JMHO)