Icoa Inc (ICOA)

[Lone Wolf]

I'll chime in on that one. In 'PennyLand', if you do an RS in order to get pps up, that is like a 'death knell' and no one would touch it as there is now too much risk of pps going from R/S price back to tripps (tripple zeros)...so, you are then at much larger risk for big losses. A good example of this is INFE...In July PPS ran past .001 on recent news....then SMASH! CEO announced R/S and pps never recovered since. There are other examples as well....not just in pinky-land. WHen the banks were tanking AIG did an R/S and the shorts cut it to 1/3 of the RS price, until they got caught short. Same thing with YRCW...the RS announcement only added to the carnage after the news was announced.

Now, this is where ICOA (IMO) becomes a good potential play. If in fact the RS already took place and , true to belief, pps went to no-bid status from the new higher price, then there is only one place to go from here. The risk is gone and you now have the benefit of the new SS in place. If current SS can be confirmed, you have th making of the next rocket!