I called the CEO George Strouthopoulos on his cell phone this morning (401-486-3500) and also wrote him an email (gstrouthop@icoacorp.com) conversation went something like this:
Hi is this Mr. George Strouthpouls? Yes, how can I help you
I'm very concerend about the recent drastic drop in the share price of ICOA inc., could you please tell me what you think has happened?
Well, as you know the economy has had a downturn recently and its affected many stocks not just ours.Sir, your company stock is trading at .0018 this morning and was above $2 a short time ago. ***here he seems surprised, like he didn't know*** I can assure you that the company had nothing to do with that price drop, this is a volitale market and sometimes a large sale can drop the price suddenly, I do not keep track of each of my shareholders transactions. So, you have no personal knowledge of what exactly brought down the stock price. No, I don't, how long have you been a shareholder? Honestly, I saw this sudden price drop yesterday and saw it as a possible opportunity to buy into at a low price, would you suggest buying shares of your company at this level. I can't tell you how to go either way, do your own research and make a decision for yourself Sir, do you think the share price will go back up? Our company has been in operation since 1983 and we are still planning on growing our business, I believe that will be reflected in our share price Could you please put out a Press Release for your shareholders? At this time it is not in our best interest to put out any PR's unless we are announcing new developments. Not in your best interest? We are currently working on a financial restructring to lower our debt and it would not appear well to our creditors to put out PR's on this issue Could you please tell me what your current share structure is? What do you mean? I mean how many shares do you have issued and outstanding? Hmmmm, I dont' know the exact number, but somewhere around 100 million. Ok, thank you, is there any other information I should know as a potential shareholder? Be very careful with pink stocks they are very volitale and there are groups of penny stock people that totally manipulate the share prices for their own benefit. Like in soccer, just keep your eye on the ball. lol, thanks, Go Portugal!!<conversation drifts into some soccer related stories for a bit> Thanks for calling with your concerns, feel free to call me anytime with any questions. Thank you, I appreciate your time.....The END
